New Delhi, Aug. 11 -- Equity mutual fund inflows moderated in July, but investors continued to favour small- and mid-cap funds, while debt funds staged a sharp reversal. SIP contributions remained above Rs.31,000 crore, highlighting continued retail participation.

The biggest swing came from debt funds, which attracted Rs.1.88 lakh crore in July, after witnessing an outflow of Rs.1.09 lakh crore in June. Equity funds received Rs.24,697 crore, lower than Rs.28,973 crore in June, according to data released by the Association of Mutual Funds in India (AMFI).

Small-cap funds led growth in the equity segment in July, with inflows rising to Rs.7,768 crore from Rs.5,602 crore in June, a jump of nearly 39%. Mid-cap inflows also increased margin...