New Delhi, Nov. 11 -- Equity mutual fund inflows fell about 14% month-on-month to Rs.32,994 crore in October, compared with Rs.38,307 crore in the previous month, as investments in small and mid-cap funds eased from record highs.

Small-cap fund inflows declined 29% to nearly Rs.6,408 crore, while mid-cap fund inflows fell 38% to Rs.4,893 crore, according to data released by the Association of Mutual Funds in India (AMFI).

Net inflow refers to the money a particular mutual fund category receives after subtracting repurchases and redemptions from funds mobilised.

However, the trend changed for large-cap funds, which recorded a 20% increase in inflows to Rs.1,032 crore in October, compared with Rs.859 crore last month.

This marks the sec...