Power of Compounding: Rs 5 lakh lump sum investment in 3 flexi schemes has grown to at least Rs 15.5 lakh in 5 years; see list
Flexi Cap Mutual Funds: A type of mutual fund schemes, flexi funds hold assets in stocks across market capitalisation-based categories such as largecap, midcap and smallcap. These funds are unique in the sense that they provide fund managers the flexibility of changing allocations with changing market conditions. In this article, we will cover some of the top-performing flexi mutual funds in 5 years, according to AMFI data as of December 24. Read on to learn more about some of the top-performing flexi MF schemes.
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Flexi Mutual Funds: Do you know about flexi cap mutual funds (also known as flexi funds)? Flexi cap mutual funds are a type of open-ended equity funds that can have allocations in stocks across largecap, midcap and smallcap segments, giving fund managers more freedom in tackling unfavourable market situations. In this article, let's look at some of the top-performing flexi cap mutual funds. Seven funds have delivered annualised returns to the tune of 19-32 per cent in the last 5 years, according to mutual fund industry body AMFI's website, amfiindia.com. These funds are: Quant Flexi Cap Fund, Parag Parikh Flexi Cap Fund, JM Flexicap Fund, HDFC Flexi Cap Fund, Franklin India Flexi Cap Fund, PGIM India Flexi Cap Fund, Edelweiss Flexi Cap Fund, HSBC Flexi Cap Fund, Union Flexi Cap Fund and DSP Flexi Cap Fund. Read on to learn about these MF schemes in detail.
Top Flexi Mutual Funds | Take a look at the top-performing flexi mutual funds as of December 24
| Scheme | Benchmark(s) | Category | Annualised 5-year Return (%)-Direct |
| Quant Flexi Cap Fund | NIFTY 500 TRI | Flexi Cap | 32.35 |
| Parag Parikh Flexi Cap Fund | NIFTY 500 TRI | Flexi Cap | 25.79 |
| JM Flexicap Fund | NIFTY 500 TRI | Flexi Cap | 25.39 |
| HDFC Flexi Cap Fund | NIFTY 500 TRI | Flexi Cap | 23.44 |
| Franklin India Flexi Cap Fund | NIFTY 500 TRI | Flexi Cap | 23.13 |
| PGIM India Flexi Cap Fund | NIFTY 500 TRI | Flexi Cap | 22.65 |
| Edelweiss Flexi Cap Fund | NIFTY 500 TRI | Flexi Cap | 22.27 |
| HSBC Flexi Cap Fund | NIFTY 500 TRI | Flexi Cap | 20.82 |
| Union Flexi Cap Fund | NIFTY 500 TRI | Flexi Cap | 20.71 |
| DSP Flexi Cap Fund | NIFTY 500 TRI | Flexi Cap | 19.87 |
| Canara Robeco Flexi Cap Fund | NIFTY 500 TRI | Flexi Cap | 19.68 |
| Motilal Oswal Flexi Cap Fund | NIFTY 500 TRI | Flexi Cap | 19.36 |
Estimated Lump Sum Returns
The annualised returns of 19.36-32.35 per cent mean that a lump sum investment of Rs 5 lakh in each fund has grown to approximately Rs 12.11-20.30 lakh in the 5-year period, calculations show.
Also, the top three schemes have grown to at least Rs 15.50 lakh, as per the calculations.
Estimated SIP Returns
A monthly SIP of Rs 2,000 in each fund has grown to Rs 2-2.99 lakh in the 12 schemes in the 5-year period.
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