Flexicap funds, as the name suggest, are those funds which enjoy a flexibility to choose any market cap segment, i.e. large cap, mid cap and small cap, without any restriction. Fund managers managing flexi cap funds take decision with regard to allocation based on market conditions, opportunities and valuations.

As per norms, flexi-cap funds must meet this one condition – invest at least 65% of funds in Indian stocks. The remaining 35% funds can be invested in debt instruments or kept as cash or cash equivalents. Flexi cap funds have become popular among mutual fund investors due to dynamic asset allocation. Such funds offer long-term growth opportunities through small and mid cap investments and at the same time bring stability through exposure to large cap companies. In this story, we will explore top 5 flexi cap funds based on their returns in the last five years. Also we will look at the corpus an investor would have made in 5 years with a monthly SIP of Rs 10,000.

Also read: Bank of India aggressive hybrid fund with 30% annualised returns in 5 years | Rs 10K SIP turns into Rs 13 lakh

Top five flexi cap funds with best annualised returns over 5 years (Data source: AMFI):

Quant Flexi Cap Fund – Direct Plan – Growth

NAV: Rs 118.90

Fund Size: Rs 7,773.04 crore

Expense Ratio: 0.59%

Benchmark: NIFTY 500 Total Return Index

Annualised Returns 5 years: 37.75% (as of 6 September)

Annualised SIP returns 5 years: 37.95%

An SIP investment of Rs 10,000 per month in this flexi cap fund has turned into Rs 15.12 lakh in the last 5 years.

JM Flexi Cap Fund – Direct – Growth

NAV: Rs 120.73

Fund Size: Rs 4,301.99 crore

Expense Ratio: 0.39%

Benchmark: BSE 500 Total Return Index

Annualised Returns 5 years: 29.30% (as of 6 September)

Annualised SIP returns 5 years: 35.15%

An SIP investment of Rs 10,000 per month in this flexi cap fund has turned into Rs 14.17 lakh in the last 5 years.

Parag Parikh Flexi Cap Fund – Direct Plan – Growth

NAV: Rs 85.13

Fund Size: Rs 78,203.09 crore

Expense Ratio: 0.63%

Benchmark: NIFTY 500 Total Return Index

Annualised Returns 5 years: 27% (as of 6 September)

Annualised SIP returns 5 years: 27.11%

An SIP investment of Rs 10,000 per month in this flexi cap fund has turned into Rs 11.72 lakh in the last 5 years.

Also read: Top 5 Quant Mutual Fund schemes with up to 51% annual returns in 5 years | Rs 10K SIP turns into whopping Rs 20 lakh

PGIM India Flexi Cap Fund – Direct Plan – Growth

NAV: Rs 41.68

Fund Size: Rs 6,592.01 crore

Expense Ratio: 0.43%

Benchmark: NIFTY 500 Total Return Index

Annualised Returns 5 years: 25.71% (as of 6 September)

Annualised SIP returns 5 years: 21.13%

An SIP investment of Rs 10,000 per month in this flexi cap fund has turned into Rs 10.8 lakh in the last 5 years.

Franklin India Flexi Cap Fund – Direct – Growth

NAV: Rs 1,811.59

Fund Size: Rs 17,810.62 crore

Expense Ratio: 0.94%

Benchmark: NIFTY 500 Total Return Index

Annualised Returns 5 years: 25.59% (as of 6 September)

Annualised SIP returns 5 years: 28.85%

An SIP investment of Rs 10,000 per month in this flexi cap fund has turned into Rs 12.21 lakh in the last 5 years.

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