"The Ultimate Guide: 7 Flexi Cap Schemes That Reign Supreme!"
Invest wisely with the ultimate guide to the best mutual funds! In this video, we unveil the top 7 flexi cap schemes that have delivered over 45% returns in the past year.
Best Performing Flexi Cap Mutual Funds: 7 Schemes Yielded Over 45% Return in Past Year
Flexi cap mutual funds are dynamic equity schemes that invest in large cap, mid cap, and small cap stocks, as per Sebi’s circular on Nov 6, 2020. There are 39 schemes in this category with total assets under management (AUM) amounting to nearly ₹3.65 lakh crore.
When retail investors consider investing in mutual funds, various factors influence their decision making, including the reputation of the fund house, macro-economic factors, and the category of scheme.
However, one crucial consideration is historical returns provided by the scheme. Here, we analyze the past one-year returns of top-performing flexi cap mutual funds.
Understanding Flexi Cap Mutual Funds
Flexi cap mutual funds allocate at least 65% of their assets in equity and equity-related instruments. These schemes invest across large cap, mid cap, and small cap stocks, in accordance with Sebi’s circular on Nov 6, 2020. The circular allows fund houses to convert their existing schemes into flexi cap schemes, subject to compliance.
According to AMFI data as of April 30, 2024, there are 39 schemes in this category with total AUM of nearly ₹3.65 lakh crore.
Top-Performing Flexi Cap Mutual Funds
| Flexi cap mutual funds | 1-year-return (%) | ₹2 lakh grows to (Rs) |
| Bank of India Flexi Cap Fund | 68.29 | 3.36 lakh |
| JM Flexicap Fund | 67.03 | 3.34 lakh |
| Quant Flexi Cap Fund | 63.31 | 3.26 lakh |
| Motilal Oswal Flexi Cap Fund | 52.83 | 3.05 lakh |
| ITI Flexi Cap Fund | 52.27 | 3.04 lakh |
| Invesco India Flexi Cap Fund | 49.17 | 2.98 lakh |
| Shriram Flexi Cap Fund | 47.65 | 2.95 lakh |
(Source: AMFI; Returns as on May 24; Computed on thecalculatorsite.com)
Seven flexi cap mutual fund schemes have yielded more than 45% return in the past year. The Bank of India Flexi Cap Fund recorded the highest return at 68.29%, followed by JM Flexicap Fund at 67.03%. This indicates that an investment of ₹2 lakh one year ago would have grown to ₹3.34 lakh.
However, it's important to note that historical returns serve as a guide and should not be the sole criterion for investment decisions, as they do not guarantee future returns.
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