These flexi-cap funds posted as high as 17 to 19 percent in the past five years

To be able to know the worth of a category of mutual funds, one can evaluate its returns, among other factors, for the past few years.

Here, we try to assess the returns of flexi cap funds in the past one and five years. Flexi cap funds are a type of mutual funds that are not restricted to the stocks of a particular market capitalisation. They are free to invest across small cap, mid cap and large cap stocks, thus offering a greater flexibility to the fund manager.

The volume of returns depends on the fund’s duration. On one hand, the immediate returns i.e., for past one year for top-performing funds were in the range of 12-14 percent, on the other hand — the past five-year returns were as high as 19 percent per annum.

One-year returns

Some flexi cap funds gave one-year-returns which were as high as 14 percent. HDFC Flexi Cap Fund posted a return of 14.63 percent, Parag Parikh Flexi Cap Fund gave 12.85 percent return and IDBI Flexi Cap Fund gave a return of 13.80 percent.

Franklin India Flexi Cap Fund posted a return of 11.36 percent, JM Flexicap Fund gave 11.13 percent, BOI AXA Flexi Cap Fund gave 10.32 percent return and Edelweiss Flexi Cap Fund gave 9.18 percent.

Five-year returns

Some flexi cap funds gave consistently high returns that range between 5 to 19 percent per annum. The highest five-year returns were given by Parag Parikh Flexi Cap fund i.e., 19 percent. Quant Flexi Cap Fund posted a high return of 17.81 percent and PGIM India Flexi Cap Fund posted a return of 15.89 percent.

Returns of top-performing flexi cap funds:

(Source: AMFI)

At the same time, UTI Flexi Cap Fund gave a return of 14.69 percent. Canara Robeco Flexi Cap Fund gave a high 5-year return of 14.60 percent. Edelweiss Flexi Cap Fund gave a return of 13.38 percent. Union Flexi Cap fund gave a return of 12.92 percent. The returns were recorded on May 31, 2022, according to the AMFI data.

Here we give a synopsis of some of the top performing schemes under the category of flexi cap funds:

Parag Parikh Flexi Cap Fund: The scheme was started in May 2013, and is meant for those investors whose investment horizon is minimum of 5 years. The return since inception (May 2013) is 20.59 percent in a direct plan. This means an investment of ₹1,00,000 made that time would have grown to ₹5,39,264.

Its key portfolio constituents are ITC, Bajaj Holdings & Investment, HDFC, ICICI Bank, Hero MotoCorp. Among overseas securities, the fund has a sizeable allocation in Alphabet, Microsoft, Amazon and Meta Platforms.

Quant Flexi Cap Fund: The scheme was started in October 2008 and its return since inception is 13.28 percent. This means an investment of ₹1,00,000 would have now grown to ₹5,46,560 by now. The fund size is ₹379.67 crore.

The top constituents of the portfolio include ITC, SBI, RIL, ICICI, Bharti Airtel, Ambuja Cements, Indian Hotels, and Ruchi Soya, among others.