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Best Flexi Cap Equity Mutual Funds to Invest in 2024

Updated on April 11, 2024 , 56014 views

Flexi cap funds are a class of Equity Funds that allows investors to diversify their Portfolio across companies of different Market capitalisation, which helps in mitigating risk and lowering Volatility.

Investors with a high-risk appetite who wish to take an exposure in equities usually incline towards Investing in flexi cap funds.

As per SEBI Rule, the flexi-cap category must invest minimum 65 percent in equity instruments. The fund manager has the flexibility to invest any proportion in stocks from large-caps, mid-cap and small-caps.

flexi-cap

As, diversified flexi cap funds invest across market caps such as – large cap, mid cap & small cap, they master in balancing the portfolio. By investing in the best flexi cap equity funds, investors can earn slightly more stable returns, however, they would still be affected by the volatility of equities during a turbulent market condition.

To make the process of selecting a good fund easy, we have listed top best flexi-cap equity funds – that investors can take into account during their investing journey.

How to Invest in Flexi Cap Funds Online?

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  2. Complete your Registration and KYC Process

  3. Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!

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Top 5 Best Performing Flexi Cap Equity Mutual Funds 2024

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2023 (%)
JM Multicap Fund Growth ₹87.952
↓ -0.79
₹1,6579.926.659.32923.140
Principal Multi Cap Growth Fund Growth ₹327.262
↓ -1.00
₹2,3913.716.940.523.31831.1
IDFC Focused Equity Fund Growth ₹72.231
↓ -0.71
₹1,5054.118.438.717.914.631.3
BNP Paribas Multi Cap Fund Growth ₹73.5154
↓ -0.01
₹588-4.6-2.619.317.313.6
L&T Equity Fund Growth ₹124.542
↑ 0.00
₹2,8843.315.62.214.39
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 12 Apr 24
*Above is list of funds having Net Assets above 500 Crore

1. JM Multicap Fund

(Erstwhile JM Multi Strategy Fund)

The investment objective of the Scheme is to provide capital appreciation by investing in equity and equity related securities using a combination of strategies.

JM Multicap Fund is a Equity - Multi Cap fund was launched on 23 Sep 08. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 15% since its launch.  Ranked 16 in Multi Cap category.  Return for 2023 was 40% , 2022 was 7.8% and 2021 was 32.9% .

Below is the key information for JM Multicap Fund

JM Multicap Fund
Growth
Launch Date 23 Sep 08
NAV (12 Apr 24) ₹87.952 ↓ -0.79   (-0.90 %)
Net Assets (Cr) ₹1,657 on 29 Feb 24
Category Equity - Multi Cap
AMC JM Financial Asset Management Limited
Rating
Risk Moderately High
Expense Ratio 2.54
Sharpe Ratio 4.01
Information Ratio 1.62
Alpha Ratio 17.18
Min Investment 5,000
Min SIP Investment 500
Exit Load 0-60 Days (1%),60 Days and above(NIL)

Growth of 10,000 investment over the years.

DateValue
31 Mar 19₹10,000
31 Mar 20₹8,348
31 Mar 21₹13,660
31 Mar 22₹16,531
31 Mar 23₹17,361
31 Mar 24₹27,263

JM Multicap Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹543,623.
Net Profit of ₹243,623
Invest Now

Returns for JM Multicap Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 12 Apr 24

DurationReturns
1 Month 3.4%
3 Month 9.9%
6 Month 26.6%
1 Year 59.3%
3 Year 29%
5 Year 23.1%
10 Year
15 Year
Since launch 15%
Historical performance (Yearly) on absolute basis
YearReturns
2023 40%
2022 7.8%
2021 32.9%
2020 11.4%
2019 16.6%
2018 -5.4%
2017 39.5%
2016 10.5%
2015 -2.8%
2014 56%
Fund Manager information for JM Multicap Fund
NameSinceTenure
Satish Ramanathan20 Aug 212.61 Yr.
Gurvinder Wasan1 Dec 221.33 Yr.
Chaitanya Choksi31 Dec 212.25 Yr.

Data below for JM Multicap Fund as on 29 Feb 24

Equity Sector Allocation
SectorValue
Financial Services21.45%
Consumer Cyclical17.36%
Industrials16.76%
Technology11.93%
Utility7.29%
Health Care6.5%
Basic Materials5.84%
Real Estate3.59%
Energy2.65%
Consumer Defensive2.33%
Communication Services1.13%
Asset Allocation
Asset ClassValue
Cash3.17%
Equity96.83%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 23 | HDFCBANK
6%₹96 Cr680,500
↑ 375,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 10 | LT
4%₹73 Cr210,731
↑ 48,000
Infosys Ltd (Technology)
Equity, Since 30 Nov 20 | INFY
4%₹71 Cr425,250
↑ 123,000
State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN
4%₹63 Cr848,700
↓ -47,000
Bank of Baroda (Financial Services)
Equity, Since 31 Aug 22 | 532134
4%₹62 Cr2,343,947
↓ -600,000
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 21 | ICICIBANK
3%₹58 Cr550,800
↑ 77,000
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 29 Feb 24 | M&M
3%₹53 Cr275,000
↑ 275,000
NTPC Ltd (Utilities)
Equity, Since 30 Nov 23 | 532555
3%₹53 Cr1,570,000
↑ 125,000
Housing & Urban Development Corp Ltd (Financial Services)
Equity, Since 29 Feb 24 | 540530
3%₹45 Cr2,373,484
↑ 2,373,484
Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 31 Jan 24 | 500312
3%₹44 Cr1,660,658
↑ 575,000

2. Principal Multi Cap Growth Fund

(Erstwhile Principal Growth Fund)

The primary investment objective of the scheme is to achieve long-term capital appreciation.

Principal Multi Cap Growth Fund is a Equity - Multi Cap fund was launched on 25 Oct 00. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 16% since its launch.  Ranked 12 in Multi Cap category.  Return for 2023 was 31.1% , 2022 was -1.6% and 2021 was 46.3% .

Below is the key information for Principal Multi Cap Growth Fund

Principal Multi Cap Growth Fund
Growth
Launch Date 25 Oct 00
NAV (12 Apr 24) ₹327.262 ↓ -1.00   (-0.31 %)
Net Assets (Cr) ₹2,391 on 29 Feb 24
Category Equity - Multi Cap
AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd.
Rating
Risk Moderately High
Expense Ratio 2.16
Sharpe Ratio 2.43
Information Ratio -0.41
Alpha Ratio -6.42
Min Investment 5,000
Min SIP Investment 100
Exit Load 0-365 Days (1%),365 Days and above(NIL)

Growth of 10,000 investment over the years.

DateValue
31 Mar 19₹10,000
31 Mar 20₹7,403
31 Mar 21₹12,559
31 Mar 22₹16,515
31 Mar 23₹15,892
31 Mar 24₹22,191

Principal Multi Cap Growth Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹470,047.
Net Profit of ₹170,047
Invest Now

Returns for Principal Multi Cap Growth Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 12 Apr 24

DurationReturns
1 Month 3.1%
3 Month 3.7%
6 Month 16.9%
1 Year 40.5%
3 Year 23.3%
5 Year 18%
10 Year
15 Year
Since launch 16%
Historical performance (Yearly) on absolute basis
YearReturns
2023 31.1%
2022 -1.6%
2021 46.3%
2020 15%
2019 3.9%
2018 -8.7%
2017 48.7%
2016 6.4%
2015 2.8%
2014 49.4%
Fund Manager information for Principal Multi Cap Growth Fund
NameSinceTenure
Ratish Varier1 Jan 222.25 Yr.
Sudhir Kedia1 Jan 222.25 Yr.

Data below for Principal Multi Cap Growth Fund as on 29 Feb 24

Equity Sector Allocation
SectorValue
Financial Services26.76%
Industrials16.27%
Consumer Cyclical14%
Technology7.41%
Health Care6.76%
Consumer Defensive5.38%
Energy5.07%
Basic Materials4.5%
Communication Services4.16%
Utility2.74%
Real Estate2.05%
Asset Allocation
Asset ClassValue
Cash4.88%
Equity95.11%
Other0%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 05 | RELIANCE
5%₹121 Cr415,206
↑ 12,207
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
4%₹106 Cr1,002,964
↓ -96,945
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK
4%₹96 Cr682,220
↑ 33,477
Power Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 23 | 532810
3%₹80 Cr2,005,945
↑ 229,444
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 24 | 532215
3%₹79 Cr734,102
↑ 11,087
KSB Ltd (Industrials)
Equity, Since 31 Jul 22 | KSB
3%₹69 Cr189,783
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Jul 23 | SUNPHARMA
3%₹66 Cr421,000
NTPC Ltd (Utilities)
Equity, Since 31 Mar 23 | 532555
3%₹66 Cr1,955,077
↓ -250,000
Indian Bank (Financial Services)
Equity, Since 31 Dec 23 | 532814
3%₹62 Cr1,176,997
Infosys Ltd (Technology)
Equity, Since 30 Apr 08 | INFY
2%₹58 Cr344,063

3. IDFC Focused Equity Fund

The investment objective of the scheme is to seek to generate capital appreciation and/or provide income distribution from a portfolio of predominantly equity and equity related instruments. There is no assurance or guarantee that the objectives of the scheme will be realized.

IDFC Focused Equity Fund is a Equity - Multi Cap fund was launched on 16 Mar 06. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 11.6% since its launch.  Ranked 13 in Multi Cap category.  Return for 2023 was 31.3% , 2022 was -5% and 2021 was 24.6% .

Below is the key information for IDFC Focused Equity Fund

IDFC Focused Equity Fund
Growth
Launch Date 16 Mar 06
NAV (12 Apr 24) ₹72.231 ↓ -0.71   (-0.98 %)
Net Assets (Cr) ₹1,505 on 29 Feb 24
Category Equity - Multi Cap
AMC IDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 2.2
Sharpe Ratio 2.41
Information Ratio -0.9
Alpha Ratio 0.74
Min Investment 5,000
Min SIP Investment 100
Exit Load 0-365 Days (1%),365 Days and above(NIL)

Growth of 10,000 investment over the years.

DateValue
31 Mar 19₹10,000
31 Mar 20₹7,937
31 Mar 21₹12,633
31 Mar 22₹14,687
31 Mar 23₹13,993
31 Mar 24₹19,565

IDFC Focused Equity Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹436,710.
Net Profit of ₹136,710
Invest Now

Returns for IDFC Focused Equity Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 12 Apr 24

DurationReturns
1 Month 3.7%
3 Month 4.1%
6 Month 18.4%
1 Year 38.7%
3 Year 17.9%
5 Year 14.6%
10 Year
15 Year
Since launch 11.6%
Historical performance (Yearly) on absolute basis
YearReturns
2023 31.3%
2022 -5%
2021 24.6%
2020 14.9%
2019 8.9%
2018 -12.7%
2017 54.4%
2016 1.8%
2015 -4.8%
2014 32.2%
Fund Manager information for IDFC Focused Equity Fund
NameSinceTenure
Sumit Agrawal20 Oct 167.45 Yr.
Ritika Behera7 Oct 230.48 Yr.

Data below for IDFC Focused Equity Fund as on 29 Feb 24

Equity Sector Allocation
SectorValue
Financial Services29.48%
Industrials18.81%
Consumer Cyclical18.51%
Technology10.14%
Energy6.47%
Health Care5.89%
Consumer Defensive4.86%
Real Estate4.12%
Asset Allocation
Asset ClassValue
Cash1.73%
Equity98.27%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK
9%₹135 Cr1,284,328
↓ -37,097
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 19 | HDFCBANK
7%₹102 Cr725,862
Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 23 | RELIANCE
6%₹97 Cr333,331
↑ 97,529
Infosys Ltd (Technology)
Equity, Since 31 Oct 19 | INFY
6%₹94 Cr562,116
Tata Motors Ltd (Consumer Cyclical)
Equity, Since 30 Jun 23 | TATAMOTORS
5%₹82 Cr864,468
Trent Ltd (Consumer Cyclical)
Equity, Since 30 Nov 22 | 500251
5%₹75 Cr192,661
Apar Industries Ltd (Industrials)
Equity, Since 31 Aug 23 | APARINDS
5%₹68 Cr109,120
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 30 Jun 22 | CHOLAFIN
5%₹68 Cr622,669
Phoenix Mills Ltd (Real Estate)
Equity, Since 30 Nov 22 | 503100
4%₹62 Cr224,326
Mankind Pharma Ltd (Healthcare)
Equity, Since 31 May 23 | 543904
4%₹57 Cr267,540
↑ 50,043

4. BNP Paribas Multi Cap Fund

(Erstwhile BNP Paribas Dividend Yield Fund)

The investment objective of the scheme is to generate long term capital growth from an actively managed portfolio of equity and equity related securities, primarily being high dividend yield stocks. High dividend yield stocks are defined as stocks of companies that have a dividend yield in excess of 0.5%, at the time of investment. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns.

BNP Paribas Multi Cap Fund is a Equity - Multi Cap fund was launched on 15 Sep 05. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 12.9% since its launch.  Ranked 18 in Multi Cap category. .

Below is the key information for BNP Paribas Multi Cap Fund

BNP Paribas Multi Cap Fund
Growth
Launch Date 15 Sep 05
NAV (13 Mar 22) ₹73.5154 ↓ -0.01   (-0.01 %)
Net Assets (Cr) ₹588 on 31 Jan 22
Category Equity - Multi Cap
AMC BNP Paribas Asset Mgmt India Pvt. Ltd
Rating
Risk Moderately High
Expense Ratio 2.44
Sharpe Ratio 2.86
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 300
Exit Load 0-12 Months (1%),12 Months and above(NIL)

Growth of 10,000 investment over the years.

DateValue
31 Mar 19₹10,000
31 Mar 20₹8,032
31 Mar 21₹13,013

BNP Paribas Multi Cap Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹426,080.
Net Profit of ₹126,080
Invest Now

Returns for BNP Paribas Multi Cap Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 12 Apr 24

DurationReturns
1 Month -4.4%
3 Month -4.6%
6 Month -2.6%
1 Year 19.3%
3 Year 17.3%
5 Year 13.6%
10 Year
15 Year
Since launch 12.9%
Historical performance (Yearly) on absolute basis
YearReturns
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Fund Manager information for BNP Paribas Multi Cap Fund
NameSinceTenure

Data below for BNP Paribas Multi Cap Fund as on 31 Jan 22

Equity Sector Allocation
SectorValue
Asset Allocation
Asset ClassValue
Top Securities Holdings / Portfolio
NameHoldingValueQuantity

5. L&T Equity Fund

To generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities.

L&T Equity Fund is a Equity - Multi Cap fund was launched on 16 May 05. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 15.5% since its launch.  Ranked 25 in Multi Cap category. .

Below is the key information for L&T Equity Fund

L&T Equity Fund
Growth
Launch Date 16 May 05
NAV (25 Nov 22) ₹124.542 ↑ 0.00   (0.00 %)
Net Assets (Cr) ₹2,884 on 31 Oct 22
Category Equity - Multi Cap
AMC L&T Investment Management Ltd
Rating
Risk Moderately High
Expense Ratio 2.07
Sharpe Ratio -0.16
Information Ratio -1.29
Alpha Ratio -2.7
Min Investment 5,000
Min SIP Investment 500
Exit Load 0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

DateValue
31 Mar 19₹10,000
31 Mar 20₹7,241
31 Mar 21₹12,133
31 Mar 22₹14,314

L&T Equity Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹376,357.
Net Profit of ₹76,357
Invest Now

Returns for L&T Equity Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 12 Apr 24

DurationReturns
1 Month 2.7%
3 Month 3.3%
6 Month 15.6%
1 Year 2.2%
3 Year 14.3%
5 Year 9%
10 Year
15 Year
Since launch 15.5%
Historical performance (Yearly) on absolute basis
YearReturns
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Fund Manager information for L&T Equity Fund
NameSinceTenure

Data below for L&T Equity Fund as on 31 Oct 22

Equity Sector Allocation
SectorValue
Asset Allocation
Asset ClassValue
Top Securities Holdings / Portfolio
NameHoldingValueQuantity

Benefits of Investing in Flexi Cap Funds

Some of the advantages of investing in a flexi cap/multi cap funds are as follows:

  • One of the biggest advantages of investing in flexi-cap funds is diversification. As these funds invest across the market cap, i.e., large, mid and Small cap funds, they diversify the portfolio. So, instead of investing in just one market cap, you can invest in flexi-cap funds and benefit from all.

  • The fund managers of flexi-cap funds invest in companies of all sizes based on their long-term growth potential. In order to maximize the fund's performance within defined investment objectives, the managers also change the portfolio allocations between different sectors from time to time.

  • As flexi-cap invests in large, mid and small cap funds, they have potential to deliver long-term consistent returns.

  • These funds are known to balance risk and returns well. For instance, in some market situations, if one fund fails to perform, other funds are there to balance the returns. So, investors seek the advantage of balancing the risk-and-returns from this fund.

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FAQs

1. Do Flexi-cap equity mutual funds produce better returns?

A: Flexi-cap funds produce high returns, but these are often considered high-risk funds. The primary reason for this is that these equities are often affected by market conditions leading to the ROI difference. However, if you have an appetite for risk, you can invest in some of the best performing Flexi-cap Mutual Funds, and these are known to produce excellent returns.

2. What is the SEBI mandate regarding equity investments in Flexi-cap?

A: As per the SEBI rules, it is necessary to invest 65% of the assets in large, mid, and small Capital stocks. This diversification ensures that your investment is secure and you can get a better Return on Investment.

3. How can a fund manager help you in Flexi-cap investments?

A: A fund manager can help you in evaluating a particular segment of the market. If, over time, he feels that the segment has become unattractive, then he can pull the investment from the specific segment and reinvest in another segment. This secures your investment and ensures you receive better returns.

4. Is there any exit load if I invest in Flexi-cap mutual funds?

A: All Flexi-cap funds do not levy exit loads if you leave the segment before the realization of the specific number of days. For example, a particular Flexi-cap can impose an exit load of 2% of the investment value if you switch or redeem your investment before 365 days and 1% in case you change before 763 days. However, mutual funds do not levy any exit loads if you switch assets after two years.

5. What are green Flexi-cap funds?

A: The green levy encourages companies to invest in environment-friendly technologies, and the government gives such companies various tax benefits. If your investment portfolio consists of Flexi-cap mutual funds that invest in companies that follow environment-friendly technologies.

6. How will I identify the best performing Flexi-cap fund?

A: The best way to identify the best performing fund is by checking the its past 4-year returns. For example, the Baroda Pioneer Multi-Cap Fund, which has a NAV of Rs.129.8 and a 5-year return of 19.5%, is better than the Principal Multi Cap Growth Fund, which has a NAV of Rs.178.78 and a 5-year return of 15%.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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