8 Best Flexicap & Multicap Mutual Funds Picked By Top Brokerage, Check If You Hold Any

Over the past few decades, mutual funds have emerged as one of the most common ways for investors in India to build wealth. In the past few years, it is seen that the number of mutual funds subscribers has grown rapidly. ICICI Direct, a leading brokerage firm, released a report on Mutual last Month, December 2022, where the brokerage picked equity as well as Debt funds to invest in 2023. Among these stocks we have picked 8 stocks from Flexi Cap and Multi Cap categories of Equity-oriented Mutual Funds. One should know that investment in mutual funds doesn't guarantee return as it is subject to market risks.

Flexi Cap Mutual Funds and their Annualized SIP Returns

Flexicap Funds	1-Yr Return	2-Yr Return	3Yr Return
Aditya Birla Sunlife Flexi Cap Fund	6.48%	7.25%	16.56%
Canara Robeco Flexi Cap Fund	5.86%	8.21%	16.99%
Franklin India Flexicap Fund	11.49%	13.01%	22.98%
HDFC Flexicap Fund	21.02%	20.54%	27.95%
PGIM India Flexicap Fund	3.27%	7.04%	20.54%
Parag Parikh Flexi Cap Equity	0.07%	6.48%	17.92%

Note - Returns under the "Direct Plan-Growth" Option of the funds

The term Flexi-cap fund came into existence in November 2022 when market regulator SEBI in its circular introduced it as a new category under equity schemes in India. As mentioned, these funds are equity mutual funds that invest a minimum of 65% of their assets in equity and equity-related instruments across all market capitalizations. 

These funds offer the fund managers the freedom to invest across market capitalisations and sectors/themes. It means the fund managers can invest anywhere based on their outlook on the market. The ideal investment horizon for these plans is between five and seven years.

 

Multi Cap Mutual Funds and their Annualized SIP Returns

Multicap Funds	1-Yr Return	2-Yr Return	3Yr Return
Invesco India Multicap Fund	9.69%	10.16%	19.84%
Nippon India Multicap Fund	16.87%	20.45%	28.92%

Note - Returns under the "Direct Plan-Growth" Option of the funds

Multi-cap equity funds, as their name suggests, invest in businesses of all sizes and a variety of industries. They have more control over the distribution of capital among large, mid-sized, and small businesses than large or mid-cap funds. They can also alter the portfolio as market conditions change thanks to their flexibility.

One of the many benefits of these funds is their exposure to all of the important industries advancing the Indian economy. Additionally, it does away with the requirement of purchasing various funds for thorough market coverage. These funds are ideal for investors with a five-year or longer time horizon.

Disclaimer

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