Best flexi-cap funds: Flexi-cap funds continue to attract investors in the Indian mutual fund market. According to the latest data from AMFI (Association of Mutual Funds in India), flexi-cap funds saw the highest inflows at Rs 7,679 crore in August 2025, among all the sub-categories in the equity fund space. The three-year average return for this category has been approximately 16.27% CAGR.
Over the past three years, some flexi-cap funds have delivered significant returns to investors. Here, we will discuss three funds (direct plans) that have delivered up to 25% CAGR to investors. These funds include Invesco India Flexi Cap Fund, JM Flexi Cap Fund and Motilal Oswal Flexi Cap Fund.
3 best flexi-cap funds: Up to 25% CAGR
Invesco India Flexi Cap Fund
3-year returns – 25.24% CAGR
3-year absolute return – 96.56%
A lump sum investment of Rs 1 lakh would be worth Rs 1.96 lakh after three years.
The fund’s SIP return for three years is 25.15% CAGR.
Invesco India Flexi Cap Fund details
The fund is an open-ended equity scheme that tracks the BSE 500 TRI as its benchmark. Categorised under the very high-risk segment, the fund manages assets worth Rs 3,666 crore as of August 31, 2025. It has delivered a return of 22.27% since inception. Its expense ratio is 0.58%.
JM Flexicap Fund
3-year returns – 24.22% CAGR
3-year absolute return – 91.81%
A lump sum investment of Rs 1 lakh in this fund would have become over Rs 1.91 lakh in three years.
The SIP return of this fund in three years has been 20.48% CAGR.
JM Flexicap Fund details
JM Flexicap Fund is an open-ended equity scheme, launched on January 1, 2013. Since its inception, the fund has delivered a return of 17.99% and tracks the BSE 500 TRI as its benchmark.
It is classified under the “Very High” risk category. As of August 31, 2025, the fund manages assets worth Rs 5,943 crore, while maintaining a competitive expense ratio of 0.55%.
Motilal Oswal Flexi Cap Fund
3-year returns – 23.58% CAGR
3-year absolute returns – 88.86%
A lump sum investment of Rs 1 lakh in this flexi-cap fund would have turned into Rs 1.89 lakh in 3 years.
The fund’s SIP returns over the last three years is 26.03%
Motilal Oswal Flexi Cap Fund details
Motilal Oswal Flexi Cap Fund is an open-ended equity scheme, launched on April 28, 2014. Since inception, it has delivered returns of 18.73% and follows the NIFTY 500 TRI as its benchmark.
The scheme falls under the “Very High” risk category. As of August 31, 2025, the fund manages assets worth ₹13,679 crore, with an expense ratio of 0.86%.
(Data: Value Research)
Investor caution
However, investors should not base their decisions solely on three-year returns. Experts advise considering other important factors, such as risk profile, fund manager experience, expense ratio, and investment horizon, when choosing a fund. Past performance does not guarantee future performance, and market fluctuations can impact fund returns.
Flexi-Cap funds can be a good option for long-term investors, but investors should not always focus solely on returns, but should make decisions based on their investment strategy and risk tolerance.
Disclaimer: The above content is for informational purposes only. Mutual Fund investments are subject to market risks. Please consult your financial advisor before investing.