Inflows into India's equity mutual funds shrank to a 10-month low in February as the benchmark index posting its longest falling streak in nearly three decades pushed away investors, data released on Wednesday showed.

The sharp decline was largely attributed to reduced inflows in mid and small-cap funds, which saw a drop to Rs 3,406 crore and Rs 3,722 crore in February.

Inflow into equity mutual funds in February slid to ₹29, 303 crore against ₹39,687 crore in January. The equity inflow had fallen in January as well against December. Steep fall was witnessed in mid and small cap funds where monthly inflow was ₹3,