Top Flexi Cap SIP Mutual Fund vs Top Multi Cap SIP Mutual Fund in 3 years: Which has given higher returns on Rs 16,666 monthly SIP?

Flexi cap mutual funds are those that can invest money in the stocks of any market capitlaisation, specially large, mid, and small cap stocks. They can have these stocks in any proportion. So, if small cap stocks are not performing well, the fund manager can shift their investments to mid cap and large cap stocks. If large cap and mid cap stocks are underperforming, the fund manager can invest more in small cap stocks. 
In the flexi cap mutual fund category, the stocks with the specified market cap are available for the fund manager to select.

Multi cap mutual funds can have 75 per cent of their investments in equity and equity-related instruments. They need to maintain a minimum 25 per cent allocation of their portfolio in large, mid, and small cap companies. The fund manager in this category can select any stock and market capitalisation. Due to its exposure to mid cap and small cap, the category is riskier than the large cap mutual fund category. But if held for 5-7 years, flexi cap mutual funds can provide good returns.

In terms of annualised SIP returns, JM Flexicap Fund - Direct Plan is the top flexi cap mutual fund in 3 years.

Nippon India Multi Cap Fund - Direct Plan is the top flexi cap SIP mutual fund in the 3-year time frame. 

The fund has had 42.44 per cent annualised SIP returns in the 3-year period. It has assets under management (AUM) of Rs 3,855 crore, while its net asset value (NAV) is Rs 120.7331. 

Benchmarked against BSE 500 TRI, the fund has given 20.34 per cent annualised returns (CAGR) since its inception in January 2013. 
With an expense ratio of 0.39 per cent, the fund has Rs 100 as the minimum SIP investment and Rs 1,000 as the minimum lump sum investment. 

Benchmarked against BSE 500 TRI, the fund has given 20.34 per cent annualised returns (CAGR) since its inception in January 2013. 
With an expense ratio of 0.39 per cent, the fund has Rs 100 as the minimum SIP investment and Rs 1,000 as the minimum lump sum investment. 

The fund has 97.99 per cent of its investments in equity and 2.01 per cent in cash and cash equivalents. 
In a portfolio of 66 stocks, the fund has REC, HDFC Bank, Infosys, Larsen & Toubro, and ICICI Bank as the main holdings.

The fund has given 37.05 per cent annualised SIP returns in the 3-year period. 
It has an asset base of Rs 38,115 crore, while its NAV is Rs 324.1346.

Benchmarked against Nifty 500 Multicap 50:25:25 TRI, the fund has given 18.41 per cent annualised return since its inception in January 2013.
At an expense ratio of 0.75 per cent, the fund has Rs 100 as the minimum lump sum and SIP investment.

The fund has 97.95 per cent of its investments in equity, while 2.05 per cent of its investments are in cash and cash equivalents. 
In a portfolio of 110 stocks, the fund has HDFC Bank, ICICI Bank, Infosys, Reliance Industries Limited, and Linde India as the main holdings.

A Rs 16,666 monthly SIP in JM Flexicap Fund - Direct Plan in 3 years, or Rs 5,99,976 overall, has grown to Rs 10,84,176. 

A Rs 16,666 monthly SIP in Nippon India Multi Cap Fund - Direct Plan has turned into Rs 10,11,896.