Top 10 flexi-cap mutual funds with above-benchmark returns in 5 years
As the name suggests, flexi-cap mutual funds are known for their flexibility, where a fund manager can invest in large-, mid- and small-cap companies and change the combination of the stocks according to the performance of these firms. As per Association of Mutual Funds in India's (AMFI) classification of mutual funds, flexi caps are equity funds with at least 65% of their investments in equity and equity-related instruments. Unlike multi-cap funds, flexi caps don't have to maintain a certain percentage of a particular m-cap companies. Since the fund manager has the freedom to select stocks of any cap, flexi-cap funds can be highly consistent performer in the long run. Many of them have beaten their benchmarks in the last 5 years. Here's a list of 10 flexi-cap mutual funds that have performed above their benchmarks in the 5-year period (As per Association of Mutual Funds in India data).
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Quant Flexi Cap Fund
The fund tops the category with 32.84% lump sum returns. It has assets under management (AUM) of Rs 5,611.79 crore, while the net asset value (NAV) of its direct plan is Rs 104.9389. Its benchmark, NIFTY 500 Total Return Index, has given 18.76% return in the same period.
JM Flexicap Fund
The fund at No.2 has a 25.13% return in the 5-year period. Its benchmark, S&P BSE 500 Total Return Index, has given 18.96% return in the same period. The flexicap has an AUM of Rs 2,158.65 crore, while its NAV size is Rs 101.3299.
Parag Parikh Flexi Cap Fund
The benchmark-beater fund has given a return of 24.89%. Benchmarked against NIFTY 500 Total Return Index, it has an AUM of Rs 64,773.44 crore, while its NAV is worth Rs 76.9965.
PGIM India Flexi Cap Fund
The fund has given 21.81% returns in the 5 years. Benchmarked against NIFTY 500 Total Return Index, the fund's AUM is Rs 5,921.02 crore. Its NAV is worth Rs 35.9800.
HDFC Flexi Cap Fund
The fund from HDFC Mutual Fund has given 21.53% return. The fund's AUM is Rs 52,129.91 crore, while its NAV is 1,777.0550. The flexi-cap fund has NIFTY 500 Total Return Index as its benchmark.
Franklin India Flexi Cap Fund
The fund's return in the 5 years is 20.97%. Benchmarked against NIFTY 500 Total Return Index, its NAV price is Rs 1,567.0187, while it holds an AUM of Rs 14,991.03 crore.
Edelweiss Flexi Cap Fund
The fund has given a return of 20.66% in the 5-year time frame. Benchmarked against NIFTY 500 Total Return Index, its AUM size is Rs 1,754.12 crore, while it has an NAV of Rs 37.0850.
Union Flexi Cap Fund
The fund's returns of 20.45% in the 5 years are better than those of its benchmark, S&P BSE 500 Total Return Index. It has an AUM of Rs 2,012.63 crore, while its NAV is Rs 49.7600.
DSP Flexi Cap Fund
The fund has a return of 19.95% in the 5 years. Benchmarked against NIFTY 500 Total Return Index, the fund's AUM is Rs 10,260.57 crore, while its NAV is Rs 96.4180.
Canara Robeco Flexi Cap Fund
The fund at No. 10 position has also beaten the benchmark with 19.25% returns. Benchmarked against S&P BSE 500 Total Return Index, the fund's AUM is Rs 12,105.21 crore, while its NAV is worth Rs 321.8600.