At Rs 3,950 crores, large-cap equity funds have witnessed a significant jump in comparison to net inflows in the previous quarter at Rs 528 crore, which translates into an increase of whooping 648.10%, in the quarter ended December 2021, showed data with Morningstar India. This quarter apparently saw the highest net inflows since the quarter ended June 2020.  

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After suffering net outflows of Rs 2,355 crores in 2020, cumulatively, net inflows for 2021 came out at Rs 2,877 crores.  

Net inflows for the months of October, November and December stood at Rs 747 crore, Rs ,624 crore and Rs 1,578 crore, respectively. 

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"The category had net outflows for three consecutive quarters (second-quarter fiscal year 2021 to fourth-quarter fiscal year 2021) before turning the corner and receiving three consecutive quarters of net inflows since then," said the Morningstar India report. 

Meanwhile, as of December 2021, the total AUM of large-cap open-end equity funds stood at Rs 2,21,835 crores, up 2% compared with the previous quarter and up 29% compared with the same period last year.  

Among the funds with highest AUM for the quarter ended December 2021, Axis Blue Chip with Rs 34,584 crore topped the chart. It was followed by SBI Blue Chip, Mirae Asset Large Cap, ICICI Prudential Blue Chip and Aditya BSL Frontline Equity.  

"Since the end of March 2020, the market across all market caps has seen a phenomenal bull run, which also has led to the AUM increasing considerably over the past 21 months," observed Morningstar India in its report.