5 Top-performing Flexi Cap Mutual Funds in the Last 5 Years

Aug 01, 2023 / Reading Time: Approx. 8 mins

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5 Top-performing Flexi Cap Mutual Funds in the Last 5 Years

The Flexi Cap Mutual Fund category generated average returns at a CAGR of about 14% in the last 5 years. This category of equity mutual fund comprises 37 schemes having a combined asset under management (AUM) of Rs 2.72 lakh crore.

There are currently 21 schemes in the Flexi Cap Mutual Fund category that have been in existence for at least 5 years. Of these, 19 schemes generated double-digit returns in the last 5 years. The top-performing Flexi Cap Mutual Fund registered a growth at a CAGR of 22.5% during this period.

What are Flexi Cap Mutual Funds?

SEBI defines Flexi Cap Mutual Funds as equity-oriented mutual funds that invest a minimum of 65% of their assets in equity and equity-oriented instruments of companies across the market cap range without any upper or lower limit.

[Read: All You Need to Know About the New Flexi Cap Category under Equity Mutual Funds]

Depending on market conditions, liquidity conditions, and valuations, the fund manager of a Flexi-cap Fund can manoeuvre among large-caps, mid-caps, and small-cap stocks. This gives fund managers greater scope to identify alpha-generating opportunities from a large universe of stocks which can reward investors with superior risk-adjusted returns over the long term.

How various categories of equity mutual funds performed over the years

Past performance is not an indicator of future returns
Data as of July 31, 2023
(Source: ACE MF, PersonalFN Research)
 

Flexi Cap Mutual Funds have the flexibility to decrease exposure to a particular segment if the valuation/outlook turns unfavourable. Thus, Flexi Cap Mutual Funds can potentially generate stable returns across market phases.

Due to the presence of the mid and small-cap component, Flexi Cap Mutual Funds are riskier than Large Cap Mutual Funds but are less risky compared to pure Mid Cap Mutual Funds and Small Cap Mutual Funds.

[Read: Multi-cap Fund v/s Flexi-cap Fund: Which is a Better Fit for Your Portfolio?]

In this article, we will look at the 5 top-performing Flexi Cap Mutual Funds based on the last 5-year returns that multiplied investors' wealth.

Quant Flexi Cap Fund

Growth of Rs 1,00,000 if invested in Quant Flexi Cap Fund 5 years back

Past performance is not an indicator of future returns
Data as of July 31, 2023. Direct plan - Growth option considered
(Source: ACE MF, PersonalFN Research)
 

Quant Flexi Cap Fund was launched in September 2008 and currently has an AUM of Rs 1,612 crore. In the last five years, Quant Flexi Cap Fund generated returns at a CAGR of 22.5%, the highest in the category. An investment of Rs 1,00,000 in Quant Flexi Cap Fund five years back would have now appreciated to Rs 2,75,765. Quant Flexi Cap Fund is co-managed by Mr Sandeep Tandon, Mr Sanjeev Sharma, Mr Vasav Sehgal, and Mr Ankit Pande. In terms of stock holdings, Quant Flexi Cap Fund has a higher allocation to Reliance Industries (9.4%), HDFC Bank (8.1%), LTIMindtree (5.1%), DLF (4.4%), and SBI (4.3%).

Parag Parikh Flexi Cap Fund

Growth of Rs 1,00,000 if invested in Parag Parikh Flexi Cap Fund 5 years back

Past performance is not an indicator of future returns
Data as of July 31, 2023. Direct plan - Growth option considered
(Source: ACE MF, PersonalFN Research)
 

Parag Parikh Flexi Cap Fund was launched in May 2013 and currently has an AUM of Rs 37,699 crore, making it the second largest scheme in the category. In the last five years, Parag Parikh Flexi Cap Fund generated returns at a CAGR of 19.3%, outpacing the benchmark by around 6 percentage points. An investment of Rs 1,00,000 in Parag Parikh Flexi Cap Fund five years back would have now appreciated to Rs 2,41,898. Parag Parikh Flexi Cap Fund is co-managed by Mr Rajeev Thakkar, Mr Raunak Onkar, and Mr Rukun Tarachandani, while Mr Raj Mehta manages the debt investment of the scheme. In terms of stock holdings, Parag Parikh Flexi Cap Fund has a higher allocation to HDFC Ltd. (8.4%), ITC (7.3%), Bajaj Holdings & Investment (6.7%), Axis Bank (5.5%), and ICICI Bank (5.5%).

Click here to read our detailed analysis on Parag Parikh Flexi Cap Fund.

PGIM India Flexi Cap Fund

Growth of Rs 1,00,000 if invested in PGIM India Flexi Cap Fund 5 years back

Past performance is not an indicator of future returns
Data as of July 31, 2023. Direct plan - Growth option considered
(Source: ACE MF, PersonalFN Research)
 

PGIM India Flexi Cap Fund was launched in March 2015 and currently has an AUM of Rs 5,890 crore. In the last five years, PGIM India Flexi Cap Fund generated returns at a CAGR of 18%, outpacing the benchmark by around 5 percentage points. An investment of Rs 1,00,000 in PGIM India Flexi Cap Fund five years back would have now appreciated to Rs 1,86,663. PGIM India Flexi Cap Fund is co-managed by Mr Vinay Paharia, Mr Anandha Padhamanabhan Anjeneyan, and Mr Ojasvi Khicha, while Mr Puneet Pal manages the debt investment of the scheme. In terms of stock holdings, PGIM India Flexi Cap Fund has a higher allocation to ICICI Bank (8.8%), Reliance Industries (7.7%), HDFC Ltd. (7%), Infosys (6.7%), and Max Healthcare Institute (3.5%).

Click here to read our detailed analysis on PGIM India Flexi Cap Fund.

HDFC Flexi Cap Fund

Growth of Rs 1,00,000 if invested in HDFC Flexi Cap Fund 5 years back

Past performance is not an indicator of future returns
Data as of July 31, 2023. Direct plan - Growth option considered
(Source: ACE MF, PersonalFN Research)
 

HDFC Flexi Cap Fund was launched in January 1995 and currently has an AUM of Rs 36,345 crore, making it one of the oldest and largest schemes in the category. In the last five years, HDFC Flexi Cap Fund generated returns at a CAGR of 16.4%, outpacing the benchmark by around 3 percentage points. An investment of Rs 1,00,000 in HDFC Flexi Cap Fund five years back would have now appreciated to Rs 1,86,663. HDFC Flexi Cap Fund is managed by Ms Roshi Jain (it was earlier managed by veteran fund manager Mr Prashant Jain). In terms of stock holdings, HDFC Flexi Cap Fund has a higher allocation to ICICI Bank (9.1%), HDFC Bank (5.6%), SBI (5.3%), Hindustan Aeronautics (4.6%), and Bharti Airtel (4.6%).

Click here to read our detailed analysis on HDFC Flexi Cap Fund.

JM Flexicap Fund

Growth of Rs 1,00,000 if invested in JM Flexicap Fund 5 years back

Past performance is not an indicator of future returns
Data as of July 31, 2023. Direct plan - Growth option considered
(Source: ACE MF, PersonalFN Research)
 

JM Flexicap Fund was launched in September 2008 and currently has a small-sized AUM of Rs 397 crore. In the last five years, JM Flexicap Fund generated returns at a CAGR of 16.2%, outpacing the benchmark by around 2.5 percentage points. An investment of Rs 1,00,000 in JM Flexicap Fund five years back would have now appreciated to Rs 1,88,371. JM Flexicap Fund is managed by Mr Satish Ramanathan, Mr Chaitanya Choksi, and Mr Gurvinder Singh Wasan. In terms of stock holdings, JM Flexicap Fund has a higher allocation to L&T (4.6%), Reliance Industries (4.1%), Infosys (4.1%), Ultratech Cement (3.8%), and HDFC Bank (3.3%).

Note: This write-up is for information purpose and does not constitute any kind of investment advice or a recommendation to Buy / Hold / Sell a fund. Returns mentioned herein are in no way a guarantee or promise of future returns. As an investor, you need to pick the right fund to meet your financial goals. If you are not sure about your risk appetite, do consult your investment consultant/advisor. Mutual Fund Investments are subject to market risks, read all scheme-related documents carefully.


DIVYA GROVER is the co-editor for FundSelect, the flagship research service of PersonalFN. She is also the co-editor of DebtSelect. Divya is an avid reader which helps her in analysing industry trends and producing insightful articles for PersonalFN’s popular newsletter – Daily Wealth letter, read by over 1.5 lakh subscribers.
Divya joined PersonalFN in 2019 and has since then used stringent quantitative and qualitative parameters to analyse funds to provide honest and unbiased research to investors. She endeavours to enable investors to make an informed investment decision and thereby safeguard their wealth.


Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing.
This article is for information purposes only and is not meant to influence your investment decisions. It should not be treated as a mutual fund recommendation or advice to make an investment decision in the above-mentioned schemes.



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