New Delhi, Nov. 19 -- Mutual fund investors appear to be on a portfolio diversification drive. Data from the Association of Mutual Funds in India (AMFI) shows that investors have been opting for flexi-cap and mid-cap funds in an attempt to diversify their portfolios, which were previously dominated by large-cap and small-cap mutual funds.

The AMFI data shows that while flexi-cap mutual funds topped the charts, where inflows increased from Rs.7,029 crore in September this year to Rs.8,929 crore in October, the inflows in midcap mutual funds were Rs.3,807 crore, the second highest amongst all equity funds.

The data shows a fall of close to 19 per cent in net inflows in equity mutual funds. The biggest losers in equity mutual funds have be...