Best mutual funds: 7 flexi cap schemes delivered over 45% return in past 1 year

Flexi cap mutual funds are open-ended dynamic equity schemes, which invest across large cap, mid cap, small cap stocks, as per Sebi’s circular on Nov 6, 2020.

MintGenie Team
First Published27 May 2024
There are 39 schemes in this category with total assets under management (AUM) amounting to nearly  <span class='webrupee'>₹</span>3.65 lakh crore
There are 39 schemes in this category with total assets under management (AUM) amounting to nearly ₹3.65 lakh crore

When retail investors toy with an idea of investing into a mutual fund, there are a number of factors which influence their decision making. From the reputation of the fund house to macro-economic factors, and category of scheme – are some of these key factors.

However, a key consideration which is, arguably, one of the most important is historical returns given by the scheme.

Here we examine the past one year returns of flexi cap mutual funds which are top-performing and have given exemplary returns in the past 12 months.

Before that, let us understand what are flexi cap mutual funds:

Flexi cap mutual funds

These refer to mutual fund schemes which have invested a minimum of 65 per cent of their assets in equity & equity-related instruments. These are open ended dynamic equity schemes which invest across large cap, mid cap, small cap stocks, as per Sebi’s circular on Nov 6, 2020. 

The circular has also given an option to fund houses to convert their existing schemes into flexi cap schemes, subject to compliance with the requirements.

ALSO READ | Mutual Funds: Is now the right time to invest in aggressive hybrid funds?

There are 39 schemes in this category with total assets under management (AUM) amounting to nearly 3.65 lakh crore, as on April 30, 2024, the AMFI data shows.

Flexi cap mutual funds                 1-year-return (%)  2 lakh grows to (Rs)
Bank of India Flexi Cap Fund                           68.293.36 lakh
JM Flexicap Fund                                                67.033.34 lakh
Quant Flexi Cap Fund                                        63.313.26 lakh
Motilal Oswal Flexi Cap Fund                               52.833.05 lakh
ITI Flexi Cap Fund                                                        52.273.04 lakh
Invesco India Flexi Cap Fund                                49.172.98 lakh
Shriram Flexi Cap Fund                                                 47.652.95 lakh

(Source: AMFI; Returns as on May 24; Computed on thecalculatorsite.com)

There are seven flexi-cap mutual fund schemes which have given more than 45 percent return in the past one year.

As we can see in the table above, the highest return 68.27 percent was given by Bank of India Flexi Cap Fund followed by JM Flexicap Fund which delivered 67.03 percent in the past one year. This means if someone had invested two lakh one year ago, the investment would have grown to 3.34 lakh.

ALSO READ | Should you invest in equity mutual funds focused on US tech stocks? 3 experts weigh in

Likewise, JM Flexicap Fund gave a return of 63.31 percent in one year, which means if someone had made an investment of 2 lakh, it would have grown to 3.26 lakh.

However, it is noteworthy that the historical returns are meant to guide and should not be the sole criterion for deciding to invest in a scheme, since they do not guarantee the future returns.

Note: This story is for informational purposes only. Please speak to a SEBI-registered investment advisor before making any investment related decision. 

Catch all the Mutual Fund news and updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.MoreLess
HomeMutual FundsBest mutual funds: 7 flexi cap schemes delivered over 45% return in past 1 year

Most Active Stocks

Bharat Electronics

309.55
10:29 AM | 14 JUN 2024
8.6 (2.86%)

Indian Oil Corporation

170.30
10:25 AM | 14 JUN 2024
1.2 (0.71%)

HDFC Bank

1,597.45
10:28 AM | 14 JUN 2024
16.55 (1.05%)

State Bank Of India

840.20
10:29 AM | 14 JUN 2024
-3.7 (-0.44%)
More Active Stocks

Market Snapshot

  • Top Gainers
  • Top Losers
  • 52 Week High

JK Paper

490.70
10:25 AM | 14 JUN 2024
44.35 (9.94%)

KRBL

310.05
10:22 AM | 14 JUN 2024
23.05 (8.03%)

Poly Medicure

2,003.00
09:59 AM | 14 JUN 2024
142.9 (7.68%)

KEC International

935.20
10:25 AM | 14 JUN 2024
66.25 (7.62%)
More from Top Gainers

Recommended For You

    More Recommendations

    Gold Prices

    • 24K
    • 22K
    Bangalore
    73,806.00577.00
    Chennai
    73,806.00148.00
    Delhi
    73,735.00291.00
    Kolkata
    73,088.00-141.00

    Fuel Price

    • Petrol
    • Diesel
    Bangalore
    99.84/L0.00
    Chennai
    100.75/L0.00
    Kolkata
    103.94/L0.00
    New Delhi
    94.72/L0.00

    Popular in Mutual Funds

      More From Popular in Mutual Funds
      OPEN IN APP
      HomeMarketsPremiumInstant LoanGet App