Top 7 Flexi Cap Mutual Funds: Rs 10 lakh investment has grown to Rs 25-37 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 January 13. Read on to learn more about some of the top-performing flexi MF schemes.
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. Let's look at some of the top-performing flexi cap mutual funds. Seven funds have delivered annualised returns to the tune of 20-30 per cent in the last 5 years, according to mutual fund industry body AMFI's website, amfiindia.com. To put that into perspective, an investment of Rs 10 lakh has built a corpus of Rs 25.23-37.78 lakh in these schemes during this period, calculations show. Read on to learn about these MF schemes in detail.
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Top 7 Flexi Mutual Funds by Lump Sum Investment Returns in 5 Years
These funds are:
Quant Flexi Cap Fund (with a 30.45 per cent annualised return in direct mode)
Parag Parikh Flexi Cap Fund (24.79)
JM Flexicap Fund (23.65 per cent)
HDFC Flexi Cap Fund (22.18 per cent)
Franklin India Flexi Cap Fund (21.28 per cent)
PGIM India Flexi Cap Fund (20.47 per cent)
Edelweiss Flexi Cap Fund (20.33 per cent)
Nifty 500 Total Return Index
All seven schemes are benchmarked to the Nifty 500 Total Return index, which has delivered an annualised 17.34 per cent in 5 years.
Quant Flexi Cap Fund
A Rs 10 lakh lump sum investment in this flexi cap fund 5 years ago is worth approximately Rs 37.78 lakh now, calculations show.
Parag Parikh Flexi Cap Fund
A one-time investment of Rs 10 lakh in this fund is worth around Rs 30.26 lakh in 5 years.
JM Flexicap Fund
Similarly, in 5 years, a one-time Rs 10 lakh investment in this scheme has grown to about Rs 28.90 lakh.
HDFC Flexi Cap Fund
A one-time investment of Rs 10 lakh in this flexi cap MF has grown to Rs 27.23 lakh in 5 years.
Franklin India Flexi Cap Fund
A Rs 10 lakh lump sum investment in this fund 5 years ago is worth about Rs 26.24 lakh now.
PGIM India Flexi Cap Fund
A Rs 10 lakh investment in this fund has built a corpus of around Rs 25.37 lakh in 5 years.
Edelweiss Flexi Cap Fund
A Rs 10 lakh lump sum investment in this fund 5 years ago has grown to be worth Rs 25.23 lakh now, as per calculations.
