Flexi cap mutual funds refer to the schemes that allocate a minimum of 65 percent of their investment to equities and equity-related instruments.
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These are open-ended dynamic equity schemes that invest across large-cap, mid-cap, and small-cap stocks, in accordance with a SEBI circular issued on November 6, 2020.
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Here are the best flexi cap schemes to invest in:
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Edelweiss Flexi Cap Fund
This mutual fund scheme delivered 22.12% over the past 5 years.
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PGIM India Flexi Cap Fund
The PGIM India Flexi Cap Fund delivered a 5-year return of 22.43%.
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Franklin India Flexi Cap Fund
Over the past 5 years, the Franklin India Flexi Cap Fund has achieved a return of 24.00%.
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HDFC Flexi Cap Fund
This flexi cap mutual fund provided a return of 24.02% over the last 5 years.
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Parag Parikh Flexi Cap Fund
In the past 5 years, this flexi cap fund delivered a 25.96% return.
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JM Flexicap Fund
Among the flexi cap mutual funds, this scheme delivered the best return of 27.72% over the last 5 years.