Introduction:
Flexi Cap mutual funds have gained significant popularity among investors due to their dynamic investment approach, offering flexibility to invest across market capitalizations and sectors. These funds are managed by seasoned professionals who have the ability to adapt to changing market conditions, leading to potentially superior returns. In the last one year, the mutual fund industry witnessed a roller-coaster ride. Facing many challenges from the pandemic-induced market volatility and economic uncertainties. However, some Flexi Cap funds managed to outperform the market and deliver impressive returns. In this article, we will explore the top-performing Flexi Cap mutual funds in India over the last year that have successfully beaten their benchmarks.
Understanding Flexi Cap Mutual Funds:
Flexi cap funds, also known as dynamic asset allocation funds, allow fund managers to invest in stocks across market capitalizations, including large-cap, mid-cap, and small-cap companies. This freedom allows the fund managers to adapt their portfolio allocation based on the prevailing market conditions, making these funds versatile and adaptive to market fluctuations.
Most of the Flexi cap funds have their benchmark as either the S&P BSE 500 Total Return Index or the NIFTY 500 Total Return Index. In the past year, the S&P BSE 500 Total Return Index has given 21.19% return. In three years period, it has given 24.68% and 13.76% in 5 years. Similarly, in 1 year, 3 years, and 5 years time period NIFTY 500 Total Return Index has generated 21.09%, 24.42%, and 13.56% respectively.
List of Top Performing Flexi Cap Mutual Funds:
As per AMFI data as of 26 July 2023, below are the top 10 funds outperforming their respective benchmarks over the past year.
- JM Flexicap Fund
– 1-Year Return: 28.55%
– 3-Year Return:
– Benchmark: S&P BSE 500 Total Return Index
– AUM: INR 454 Crores
- HDFC Flexi Cap Fund
– 1-Year Return: 28.05%
– Benchmark: NIFTY 500 Total Return Index
– AUM: INR 37836 Crores
- Quant Flexi Cap Fund
– 1-Year Return: 25.19%
– Benchmark: NIFTY 500 Total Return Index
– AUM: INR 1717 Crores
- Parag Parikh Flexi Cap Fund
– 1-Year Return: 24.14%
– Benchmark: NIFTY 500 Total Return Index
– AUM: INR 39391 Crores
- Mahindra Manulife Flexi Cap Fund
– 1-Year Return: 24.10%
– Benchmark: NIFTY 500 Total Return Index
– AUM: INR 1030 Crores
- HSBC Flexi Cap Fund
– 1-Year Return: 23.87%
– Benchmark: NIFTY 500 Total Return Index
– AUM: INR 3516 Crores
- Franklin India Flexi Cap Fund
– 1-Year Return: 23.17%
– Benchmark: NIFTY 500 Total Return Index
– AUM: INR 11500 Crores
- Navi Flexi Cap Fund
– 1-Year Return: 23.14%
– Benchmark: NIFTY 500 Total Return Index
– AUM: INR 231 Crores
- DSP Flexi Cap Fund
– 1-Year Return: 22.80%
– Benchmark: NIFTY 500 Total Return Index
– AUM: INR 8813 Crores
- Invesco India Flexi Cap Fund
– 1-Year Return: 22.35%
– Benchmark: S&P BSE 500 Total Return Index
– AUM: INR 1064 Crores
Conclusion:
Flexi Cap mutual funds have gained popularity among investors due to their adaptable investment approach and potential for attractive returns. The top-performing Flexi Cap funds mentioned above have consistently outperformed the market and delivered significant value to their investors in the last one year. However, it’s essential to note that past performance does not guarantee future results, and investors should conduct thorough research and consider their risk tolerance before investing in mutual funds.
Investors are encouraged to consult with a financial advisor to understand their financial goals better and choose mutual funds that align with their investment objectives. Additionally, it’s crucial to keep track of market trends and periodically review the performance of mutual fund investments to make informed decisions and optimize returns over the long term.
Read more about: Investing, Mutual Funds
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