3 Flexi Cap Mutual Fund Schemes Giving SIP Returns Of Nearly 38% In 3-Years

PGIM India Flexi Cap Fund, Parag Parikh Flexi Cap Fund, and HDFC Flexi Cap Fund are among top flexi cap mutual fund schemes that have given good gains over three years. Investing Rs 10,000 per month via systematic investment plan (SIP) for three years would fetch you returns between 38.53% and 24.13% for growth direct plans. Overall performance of these 3 equity mutual funds has been fantastic. The annualised returns have been higher than benchmark (S&P BSE 500 TRI) return of 29.35% and category average return of 27.02% in 3-years. Given below are the details of each equity scheme.

PGIM India Flexi Cap Fund

If you had invested in PGIM India Flexi Cap Fund, through a monthly SIP of Rs 10,000 for three years, at the end of the term, you would receive a gain of 24.13%. For a total investment of Rs 3.6 lakhs, your corpus would grow to Rs 4.46 lakhs in three years. You can begin SIP with a minimum amount of Rs 1,000 in this equity scheme under regular or direct plan.

PGIM India Flexi Cap Fund has given an annualised return of 35.63%, in 3-years, but 16.07% in 5-years, while the absolute returns for the flexi cap equity mutual fund over 3 and 5 years is 149.51% and 110.98% respectively.

PGIM India Flexi Cap Fund has 40 stocks in its equity portfolio, which is about 89.22% holding, besides 9.74% debt and 1.0% cash. Top five stocks are having a combined weight of 23.56% in the portfolio, which include ICICI Bank, Reliance, Bharat Electronics, HDFC Bank and ABB Inida, The scheme has invested 44.8% in Large Cap stocks, 15.96% is in Mid Cap stocks, 11.27% in Small Cap stocks.

PGIM India Flexi Cap Fund has a Beta of 0.98 and Sharpe ratio of 0.99 while it has a high Sortino ratio of 1.11. This indicates the scheme is less volatile than market and willing to take high risk than the market but at the same time doesn't want to deviate deviate a lot from the mean performance.

Parag Parikh Flexi Cap Fund

A monthly SIP investment of Rs 10,000 in Parag Parikh Flexi Cap Fund, for a total investment of Rs 3.6 lakhs would give you a good return of 27.55% with a corpus of Rs 4.59 lakhs in three years. A minimum SIP of Rs 1,000 is possible in this flexi cap equity fund under regular and direct plans.

Parag Parikh Flexi Cap Fund has invested in 37 stocks in its equity portfolio, which is about 82.73% holding including foreign stocks, The scheme has invested 58.14% in large cap stocks, 3.39% in mid cap stocks, and 7.17% in small cap stocks. Top five stocks held are Housing Development Finance, ITC, Bajaj Holdings & Investment, ICICI Bank, and HCL Technologies, which have a combined weight of 33.89% in the portfolio. Besides equity holdings, the scheme has 13.5% debt and 3.76% cash holdings in its portfolio.

Parag Parikh Flexi Cap Fund has given an annualised return of 34.38% in 3-years, and 18.23% in 5-years, while the absolute returns for this flexi cap equity mutual fund over 3 and 5 years is 142.69% and 131.40% respectively.

Although the equity scheme has a low Beta of 0.78, it has a Sharpe ratio of 1.02 and Sortino ratio of 1.09, indicating that the scheme is less volatile than the market but is willing to take higher risk to generate returns for investors. Therefore the scheme has high investment risk.

HDFC Flexi Cap Fund

Doing a monthly SIP of Rs 10,000 in HDFC Flexi Cap Fund would fetch you superior returns of 38.53% in 3 years. A total investment of 3.6 lakh would grow to a corpus of Rs 4.98 lakhs in same period. A minimum SIP investment of Rs 100 per month can be done in this flexi cap equity mutual fund under regular and direct plans.

This flexi cap mutual fund has generated absolute returns of 149.66% in 3-years and 95.94% in 5-years and for same periods the annualised returns are 35.66% and 14.37%.

HDFC Flexi Cap Fund has allocated 93.17% of its assets to equity and 6.83% to cash. It holds total 51 stocks in the portfolio, with top 5 stocks having a combined weight of 31.49%. The flexi cap fund has invested 70.26% in large cap stocks, 7.51% in Mid Cap stocks, and 4.56% in Small Cap stocks. It holds giant heavyweights like ICICI Bank, HDFC Bank, Infosys, State Bank Of India, and HCL Technologies in its portfolio.

HDFC Flexi Cap Fund has high Beta of 1.04, and low Sharpe ratio of 0.77 and Sortino ratio of 0.92. This indicates that the fund is taking higher risk than the overall market, but its trying to not deviate a lot from the mean average return of the scheme and can mange downside risk well.

Beta indicates the movement of a stock in relation to the overall market movement. If it is less than 1, it points that the fund is less volatile than the market. Sharpe ratio tells you about, how the scheme performs and how much is it willing to take the risk for high returns. Sortino Ratio focuses only on the downside risk of the portfolio.

Disclaimer

Mutual fund investments are subject to market risk. The above-mentioned information is purely informational and doesn't guarantee any return. Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.