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Best Flexi Cap Equity Mutual Funds to Invest in 2023

Updated on February 2, 2023 , 52701 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 2023

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2022 (%)
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
Principal Multi Cap Growth Fund Growth ₹233.45
↑ 1.24
₹1,847-3.5-0.5-4.917.99.9-1.6
IDFC Focused Equity Fund Growth ₹51.422
↑ 0.56
₹1,257-4.3-2.7-79.85.4-5
Baroda Pioneer Multi Cap Fund Growth ₹171.754
↑ 1.47
₹1,678-0.94.3-2.519.711.4-3
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 13 Mar 22
*Above is list of funds having Net Assets above 500 Crore

1. 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 Jan 18₹10,000
31 Jan 19₹8,704
31 Jan 20₹10,272
31 Jan 21₹10,924
31 Jan 22₹15,297

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 13 Mar 22

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
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
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

2. 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 Jan 18₹10,000
31 Jan 19₹9,015
31 Jan 20₹9,745
31 Jan 21₹10,762
31 Jan 22₹13,858

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 13 Mar 22

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
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
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

3. 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 15.2% since its launch.  Ranked 12 in Multi Cap category.  Return for 2022 was -1.6% , 2021 was 46.3% and 2020 was 15% .

Below is the key information for Principal Multi Cap Growth Fund

Principal Multi Cap Growth Fund
Growth
Launch Date 25 Oct 00
NAV (03 Feb 23) ₹233.45 ↑ 1.24   (0.53 %)
Net Assets (Cr) ₹1,847 on 31 Dec 22
Category Equity - Multi Cap
AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd.
Rating
Risk Moderately High
Expense Ratio 2.33
Sharpe Ratio -0.36
Information Ratio -0.45
Alpha Ratio -4.72
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 Jan 18₹10,000
31 Jan 19₹8,861
31 Jan 20₹9,508
31 Jan 21₹10,762
31 Jan 22₹15,863
31 Jan 23₹15,247

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 ₹385,859.
Net Profit of ₹85,859
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 13 Mar 22

DurationReturns
1 Month -2.8%
3 Month -3.5%
6 Month -0.5%
1 Year -4.9%
3 Year 17.9%
5 Year 9.9%
10 Year
15 Year
Since launch 15.2%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2013 8.3%
Fund Manager information for Principal Multi Cap Growth Fund
NameSinceTenure
Ratish Varier1 Jan 221 Yr.
Sudhir Kedia1 Jan 221 Yr.

Data below for Principal Multi Cap Growth Fund as on 31 Dec 22

Equity Sector Allocation
SectorValue
Financial Services28.77%
Industrials16.02%
Consumer Cyclical13.57%
Basic Materials8.53%
Technology7.54%
Consumer Defensive6.23%
Health Care5.95%
Energy5.83%
Communication Services3.39%
Real Estate1.87%
Asset Allocation
Asset ClassValue
Cash2.03%
Equity97.97%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 05 | RELIANCE
6%₹108 Cr422,955
State Bank of India (Financial Services)
Equity, Since 30 Nov 08 | SBIN
5%₹97 Cr1,580,122
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
5%₹87 Cr979,458
↓ -32,703
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK
5%₹86 Cr530,246
Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 17 | AXISBANK
4%₹70 Cr754,268
↓ -46,967
Infosys Ltd (Technology)
Equity, Since 30 Apr 08 | INFY
4%₹70 Cr462,087
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Dec 21 | HINDUNILVR
3%₹54 Cr210,253
↓ -18,317
ICRA Ltd (Financial Services)
Equity, Since 30 Apr 22 | ICRA
2%₹45 Cr97,443
↓ -5,200
Suven Pharmaceuticals Ltd (Healthcare)
Equity, Since 31 Mar 22 | SUVENPHAR
2%₹43 Cr878,213
Crompton Greaves Consumer Electricals Ltd (Consumer Cyclical)
Equity, Since 28 Feb 22 | CROMPTON
2%₹42 Cr1,234,611

4. 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 10.2% since its launch.  Ranked 13 in Multi Cap category.  Return for 2022 was -5% , 2021 was 24.6% and 2020 was 14.9% .

Below is the key information for IDFC Focused Equity Fund

IDFC Focused Equity Fund
Growth
Launch Date 16 Mar 06
NAV (03 Feb 23) ₹51.422 ↑ 0.56   (1.10 %)
Net Assets (Cr) ₹1,257 on 31 Dec 22
Category Equity - Multi Cap
AMC IDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 2.18
Sharpe Ratio -0.61
Information Ratio -1.04
Alpha Ratio -9.89
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 Jan 18₹10,000
31 Jan 19₹8,586
31 Jan 20₹9,615
31 Jan 21₹10,730
31 Jan 22₹13,337
31 Jan 23₹12,341

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 ₹349,120.
Net Profit of ₹49,120
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 13 Mar 22

DurationReturns
1 Month -1.8%
3 Month -4.3%
6 Month -2.7%
1 Year -7%
3 Year 9.8%
5 Year 5.4%
10 Year
15 Year
Since launch 10.2%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2013 2.9%
Fund Manager information for IDFC Focused Equity Fund
NameSinceTenure
Sumit Agrawal20 Oct 166.2 Yr.

Data below for IDFC Focused Equity Fund as on 31 Dec 22

Equity Sector Allocation
SectorValue
Financial Services35.61%
Consumer Cyclical14.66%
Technology11.68%
Consumer Defensive9.52%
Basic Materials8.97%
Industrials5.54%
Energy5.5%
Communication Services3.5%
Real Estate3.24%
Health Care1.08%
Asset Allocation
Asset ClassValue
Cash0.69%
Equity99.31%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 19 | HDFCBANK
10%₹124 Cr759,835
↓ -45,943
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK
9%₹114 Cr1,278,683
↓ -79,704
Infosys Ltd (Technology)
Equity, Since 31 Oct 19 | INFY
6%₹80 Cr529,157
↑ 79,094
State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN
6%₹71 Cr1,158,319
↓ -247,519
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE
5%₹69 Cr271,330
↑ 115,742
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Jun 14 | MARUTI
5%₹57 Cr68,127
↓ -2,466
Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 22 | AXISBANK
4%₹51 Cr542,541
↓ -78,068
IndusInd Bank Ltd (Financial Services)
Equity, Since 30 Jun 22 | INDUSINDBK
4%₹50 Cr412,526
↓ -66,077
TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 31 Jul 21 | TVSMOTOR
4%₹49 Cr448,083
↓ -8,336
ITC Ltd (Consumer Defensive)
Equity, Since 31 Dec 22 | ITC
4%₹44 Cr1,339,599
↑ 1,339,599

5. Baroda Pioneer Multi Cap Fund

(Erstwhile Baroda Pioneer Growth Fund)

To generate long term capital appreciation from an actively managed portfolio of equity & equity related instruments.

Baroda Pioneer Multi Cap Fund is a Equity - Multi Cap fund was launched on 12 Sep 03. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 15.8% since its launch.  Ranked 37 in Multi Cap category.  Return for 2022 was -3% , 2021 was 47.9% and 2020 was 19.5% .

Below is the key information for Baroda Pioneer Multi Cap Fund

Baroda Pioneer Multi Cap Fund
Growth
Launch Date 12 Sep 03
NAV (03 Feb 23) ₹171.754 ↑ 1.47   (0.86 %)
Net Assets (Cr) ₹1,678 on 31 Dec 22
Category Equity - Multi Cap
AMC Baroda Pioneer Asset Management Co. Ltd.
Rating
Risk Moderately High
Expense Ratio 2.37
Sharpe Ratio -0.39
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load 0-365 Days (1%),365 Days and above(NIL)

Growth of 10,000 investment over the years.

DateValue
31 Jan 18₹10,000
31 Jan 19₹8,943
31 Jan 20₹9,841
31 Jan 21₹11,347
31 Jan 22₹16,749
31 Jan 23₹16,493

Baroda Pioneer 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 ₹405,518.
Net Profit of ₹105,518
Invest Now

Returns for Baroda Pioneer 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 13 Mar 22

DurationReturns
1 Month -1.2%
3 Month -0.9%
6 Month 4.3%
1 Year -2.5%
3 Year 19.7%
5 Year 11.4%
10 Year
15 Year
Since launch 15.8%
Historical performance (Yearly) on absolute basis
YearReturns
2022 -3%
2021 47.9%
2020 19.5%
2019 8.9%
2018 -11.9%
2017 36.8%
2016 2.3%
2015 -1.6%
2014 46.5%
2013 3.6%
Fund Manager information for Baroda Pioneer Multi Cap Fund
NameSinceTenure
Sanjay Chawla1 Nov 157.17 Yr.
Sandeep Jain14 Mar 220.8 Yr.

Data below for Baroda Pioneer Multi Cap Fund as on 31 Dec 22

Equity Sector Allocation
SectorValue
Financial Services23.9%
Consumer Cyclical15.04%
Technology11.05%
Health Care10.26%
Industrials9.51%
Basic Materials7.19%
Energy5.3%
Communication Services5.07%
Real Estate3.58%
Consumer Defensive3.4%
Utility1.66%
Asset Allocation
Asset ClassValue
Cash3.24%
Equity96.76%
Other0%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | ICICIBANK
6%₹99 Cr1,114,815
↓ -100,000
Infosys Ltd (Technology)
Equity, Since 31 Jan 18 | INFY
5%₹86 Cr568,000
↓ -60,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | HDFCBANK
5%₹77 Cr475,000
↑ 50,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 21 | RELIANCE
4%₹70 Cr275,000
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Nov 20 | SUNPHARMA
3%₹44 Cr440,000
J.B. Chemicals & Pharmaceuticals Ltd (Healthcare)
Equity, Since 30 Jun 21 | JBCHEPHARM
3%₹44 Cr224,384
↓ -22,000
Five-Star Business Finance Ltd (Financial Services)
Equity, Since 30 Nov 22 | FIVESTAR
3%₹43 Cr697,870
↓ -2,141
Bank of Baroda (Financial Services)
Equity, Since 30 Jun 21 | BANKBARODA
3%₹43 Cr2,310,000
INOX Leisure Ltd (Communication Services)
Equity, Since 30 Nov 20 | INOXLEISUR
2%₹40 Cr800,000
↑ 125,000
State Bank of India (Financial Services)
Equity, Since 31 May 22 | SBIN
2%₹40 Cr650,000
↑ 100,000

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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