Flexi-cap mutual funds are open-ended equity funds that do not limit their investment to companies of a predetermined market cap. There are several equity mutual funds that invest in companies of a specific market capitalisation, such as a large-cap, mid-cap, or small-cap.
However, a flexi-cap mutual fund can invest in companies irrespective of their market size. Fund managers of flexi-cap mutual funds have greater flexibility when it comes to making investment decisions. Further, it allows investors to enjoy a diverse portfolio comprising companies of varying market caps from numerous sectors.
Flexi-cap mutual fund managers make investment decisions after considering various factors such as market trends, growth opportunities, and volatility. For example, a fund manager may allocate higher funds towards mid and small-cap companies when the market is performing well. When the market faces a downturn, the fund manager may move the funds towards the more stable large-cap funds to mitigate risk and navigate the volatility.
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| Fund Name | Category | Risk | NAV | Expense Ratio | 1Y Returns | 3Y Returns | 5Y Returns | 7Y Returns | 10Y Returns | Rating | Fund Size (in Cr) | Exit Load |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Parag Parikh Flexi Cap Fund | Equity | Very High | 94.26 | 0.68 | 0.7% | 13.4% | 11.7% | 19.4% | 17.6% | 4 | ₹1,46,784 | For units above 10% of the investment, exit load of 2% if redeemed within 365 days and 1% if redeemed after 365 days but on or before 730 days. See more |
HDFC Flexi Cap Direct Plan-Growth | Equity | Very High | 2,363.76 | 0.74 | 5.0% | 17.8% | 16.8% | 18.9% | 16.6% | 5 | ₹1,10,441 | Exit load of 1% if redeemed within 1 year
|
JioBlackRock Flexi Cap Fund | Equity | Very High | 10.19 | 1.11 | -0.1% | -- | -- | -- | -- | -- | ₹3,149 | - |
ICICI Prudential Flexi Cap Fund | Equity | Very High | 22.31 | 0.86 | 7.6% | 17.2% | 15.0% | -- | -- | 4 | ₹25,381 | Exit load of 1%, if redeemed within 1 month. |
Groww Nifty Total Market Index Fund | Equity | Very High | 14.30 | 0.66 | 0.8% | 11.9% | -- | -- | -- | 2 | ₹354 | Exit load of 0.25%, if redeemed within 7 days. |
SBI Children's Fund | Equity | Very High | 54.24 | 1.02 | 12.5% | 21.9% | 17.8% | -- | -- | 5 | ₹7,863 | With respect to units not subject to lock-in period and the holding period is less than
3 years: Exit load of 3% if redeemed within 1 year, 2% if redeemed after 1 year but within 2 year, 1% if redeemed after 2 year but within 3 year. See more |
Bank of India Flexi Cap Fund | Equity | Very High | 43.31 | 0.9 | 11.2% | 19.4% | 16.1% | -- | -- | 5 | ₹3,137 | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 3 months. See more |
JM Flexi Cap Fund | Equity | Very High | 118.27 | 1.04 | 5.7% | 15.3% | 15.0% | 18.0% | 17.1% | 4 | ₹4,816 | Exit load of 1%, if redeemed within 30 days. |
ITI Flexi Cap Fund | Equity | Very High | 22.15 | 0.9 | 16.5% | 20.4% | -- | -- | -- | 5 | ₹1,620 | Exit load of 0.50%, if redeemed within 3 months. |
Quant Flexi Cap Fund | Equity | Very High | 122.75 | 1.12 | 11.1% | 16.1% | 14.2% | 24.9% | 19.5% | 4 | ₹7,162 | Exit load of 1%, if redeemed within 15 days. |
Motilal Oswal Flexi Cap Fund | Equity | Very High | 73.38 | 1.13 | 6.6% | 18.8% | 14.0% | 14.8% | 13.8% | 4 | ₹13,228 | Exit load of 1%, if redeemed within 365 days. |
Abakkus Flexi Cap Fund | Equity | Very High | 11.39 | 0.8 | -- | -- | -- | -- | -- | -- | ₹8,158 | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 3 months. See more |
Invesco India Flexi Cap Fund | Equity | Very High | 21.79 | 0.86 | 7.7% | 18.7% | -- | -- | -- | 4 | ₹5,488 | Exit load for units in excess of 10% of the investment,1% will be charged for redemption within 365 days See more |
SBI Flexicap Fund | Equity | Very High | 125.45 | 1.25 | 0.5% | 10.3% | 8.0% | 12.9% | 12.9% | 2 | ₹21,635 | Exit load of 0.10% if redeemed within 30 days. |
Aditya Birla Sun Life Flexi Cap Fund | Equity | Very High | 2,268.84 | 0.89 | 8.7% | 17.0% | 11.9% | 16.3% | 14.6% | 4 | ₹28,398 | Exit load of 1%, if redeemed within 90 days. |
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Flexi-cap mutual funds can be an ideal addition to one’s portfolio. As an investor, it is essential to know if the mutual fund is a suitable investment option for you.
Being an equity mutual fund, a flexi cap mutual fund carries moderate to high risk, making it suitable for investors ready to take on the risk.
It is suitable for investors with a long-term investment horizon.
Investors looking to benefit from diversification and spread risk across market caps and sectors can opt for a flexi-cap mutual fund.
Flexi-cap mutual funds are ideal for investors who want to invest in one mutual fund instead of different funds for specific market capitalisations.
Here are some key factors to keep in mind before investing in a flexi cap mutual fund
One of the key aspects to consider before investing in a flexi cap mutual fund is your risk profile. Equity mutual funds carry higher risk than other asset classes. There are various factors that impact the performance of equities. As an investor, it is important to assess if the flexi cap mutual fund fits your risk profile and if you are willing to take on the market volatility.
Before making an investment decision, it is necessary to know your investment goals and what you aim to achieve, such as a retirement fund, financing education, or creating savings. A flexi cap mutual fund can be most beneficial for investors looking to stay invested for the long run.
The investment style of a flexi cap mutual fund can be aggressive or conservative. A flexi-cap mutual fund with an aggressive approach may allocate more funds to mid and small-cap funds, while more conservative funds may allocate higher funds to large-cap funds.
As an investor, it is important to check how the fund has performed in the past. Compare the returns of a flexi cap mutual fund with a benchmark index and its peers before making an investment decision. Investors should also be aware of other factors such as the fund manager’s track record, the fund’s asset allocation trends, and the associated costs & charges.
There are certain key benefits of flexi cap mutual funds that can make it a fruitful investment option.
Here are some key risks that investors should know before investing in flexi-cap funds:
Flexi-cap mutual funds are equity mutual funds, and gains on them attract capital gains tax.
Units sold within one year attract short-term capital gains tax at 15% in addition to the applicable surcharge or cess.
If the units are sold after a period of one year and if the gains are above the threshold limit of ₹1 lakh, they attract long-term capital gains tax of 10% without any indexation benefit.
Now let us jump and check about these top 15 mutual fund schemes.
Fund Performance: The Parag Parikh Flexi Cap Fund has given 13.43% annualized returns in the past three years and 11.68% in the last 5 years. The Parag Parikh Flexi Cap Fund comes under the Equity category of PPFAS Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Parag Parikh Flexi Cap Fund via lump sum is ₹1,000 and via SIP is ₹1,000.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹1,46,784Cr |
| 1Y Returns | 0.7% |
Fund Performance: The HDFC Flexi Cap Direct Plan-Growth has given 17.84% annualized returns in the past three years and 16.79% in the last 5 years. The HDFC Flexi Cap Direct Plan-Growth comes under the Equity category of HDFC Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in HDFC Flexi Cap Direct Plan-Growth via lump sum is ₹100 and via SIP is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹1,10,441Cr |
| 1Y Returns | 5.0% |
Fund Performance: The JioBlackRock Flexi Cap Fund comes under the Equity category of JioBlackRock Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in JioBlackRock Flexi Cap Fund via lump sum is ₹500 and via SIP is ₹500.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹3,149Cr |
| 1Y Returns | -0.1% |
Fund Performance: The ICICI Prudential Flexi Cap Fund has given 17.16% annualized returns in the past three years and 14.96% in the last 5 years. The ICICI Prudential Flexi Cap Fund comes under the Equity category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in ICICI Prudential Flexi Cap Fund via lump sum is ₹500 and via SIP is ₹100.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹25,381Cr |
| 1Y Returns | 7.6% |
Fund Performance: The Groww Nifty Total Market Index Fund comes under the Equity category of Groww Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Groww Nifty Total Market Index Fund via lump sum is ₹500 and via SIP is ₹500.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹354Cr |
| 1Y Returns | 0.8% |
Fund Performance: The SBI Children's Fund has given 21.93% annualized returns in the past three years and 17.84% in the last 5 years. The SBI Children's Fund comes under the Equity category of SBI Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in SBI Children's Fund via lump sum is ₹5,000 and via SIP is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹7,863Cr |
| 1Y Returns | 12.5% |
Fund Performance: The Bank of India Flexi Cap Fund has given 19.35% annualized returns in the past three years and 16.13% in the last 5 years. The Bank of India Flexi Cap Fund comes under the Equity category of Bank of India Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Bank of India Flexi Cap Fund via lump sum is ₹5,000 and via SIP is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹3,137Cr |
| 1Y Returns | 11.2% |
Fund Performance: The JM Flexi Cap Fund has given 15.32% annualized returns in the past three years and 15.01% in the last 5 years. The JM Flexi Cap Fund comes under the Equity category of JM Financial Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in JM Flexi Cap Fund via lump sum is ₹1,000 and via SIP is ₹100.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹4,816Cr |
| 1Y Returns | 5.7% |
Fund Performance: The ITI Flexi Cap Fund comes under the Equity category of ITI Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in ITI Flexi Cap Fund via lump sum is ₹5,000 and via SIP is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹1,620Cr |
| 1Y Returns | 16.5% |
Fund Performance: The Quant Flexi Cap Fund has given 16.07% annualized returns in the past three years and 14.21% in the last 5 years. The Quant Flexi Cap Fund comes under the Equity category of Quant Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Quant Flexi Cap Fund via lump sum is ₹5,000 and via SIP is ₹250.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹7,162Cr |
| 1Y Returns | 11.1% |
Fund Performance: The Motilal Oswal Flexi Cap Fund has given 18.78% annualized returns in the past three years and 14.01% in the last 5 years. The Motilal Oswal Flexi Cap Fund comes under the Equity category of Motilal Oswal Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Motilal Oswal Flexi Cap Fund via lump sum is ₹500 and via SIP is ₹500.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹13,228Cr |
| 1Y Returns | 6.6% |
Fund Performance: The Abakkus Flexi Cap Fund comes under the Equity category of Abakkus Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Abakkus Flexi Cap Fund via lump sum is ₹500 and via SIP is ₹500.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹8,158Cr |
| 1Y Returns | -- |
Fund Performance: The Invesco India Flexi Cap Fund comes under the Equity category of Invesco Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Invesco India Flexi Cap Fund via lump sum is ₹100 and via SIP is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹5,488Cr |
| 1Y Returns | 7.7% |
Fund Performance: The SBI Flexicap Fund has given 10.31% annualized returns in the past three years and 8.04% in the last 5 years. The SBI Flexicap Fund comes under the Equity category of SBI Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in SBI Flexicap Fund via lump sum is ₹1,000 and via SIP is ₹500.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹21,635Cr |
| 1Y Returns | 0.5% |
Fund Performance: The Aditya Birla Sun Life Flexi Cap Fund has given 17.02% annualized returns in the past three years and 11.93% in the last 5 years. The Aditya Birla Sun Life Flexi Cap Fund comes under the Equity category of Aditya Birla Sun Life Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Aditya Birla Sun Life Flexi Cap Fund via lump sum is ₹100 and via SIP is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹28,398Cr |
| 1Y Returns | 8.7% |
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