Open-ended dynamic equity funds that invest in large-cap, mid-cap, and small-cap companies are known as flexicap funds. A minimum of 65 percent of total assets will be invested in equities and equity-related products. The fascinating fact is that flexicap is the second largest category of equity mutual funds. According to AMFI data, there are 25 flexicap funds with over 84 lakh folios and Rs1.59 lakh billion in assets under management. It's ideal for investors who want complete control over which companies they invest in across market capitalization buckets. Investors with a moderate to high risk appetite and a 5-year investment horizon can consider investing in flexicap funds.
Mutual fund firms provide a SIP (Systematic Investment Plan) investment option. By implementing SIP on a regular basis, one can invest a tiny sum (weekly, monthly, and quarterly). It also provides retail investors with a well-structured investment technique.
5 Best Flexi Cap Mutual Funds Ranked By CRISIL
| Funds | 1-Year Returns
| 3-Year Returns | 5-Year Returns | CRISIL Rank |
| PGIM India Flexi Cap Fund | 67.94% | 25.23% | 20.79% | Rank 1 |
| UTI Flexicap | 61.01% | 18.84% | 17.94% | Rank 1 |
| Canara Robeco Flexi Cap Fund | 50.07% | 18.12% | 18.33% | Rank 2 |
| DSP Flexi Cap Fund | 58.76% | 18.63% | 17.55% | Rank 2 |
| Union Flexicap | 53.99% | 17.70% | 15.33% | Rank 2 |
PGIM India Flexi Cap Fund
PGIM India Flexi Cap Fund Direct-Growth is a PGIM India Mutual Fund Multi-Cap mutual fund scheme. The assets under management (AUM) of PGIM India Flexi Cap Fund Direct-Growth is $1,689 crores. The fund's expense ratio is 0.3 percent, which is lower than the expense ratios charged by most other Multi Cap funds.
The 1-year returns on PGIM India Flexi Cap Fund Direct-Growth are 67.76 percent. It has had an average yearly return of 17.09 percent since its inception. The Technology, Healthcare, Financial, Construction, and Chemicals sectors account for the majority of the fund's holdings. To begin a SIP in this fund, a minimum monthly commitment of Rs 1000 is required.
The fund is ranked number 1 by CRISIL rating agency.
UTI Flexicap
UTI Mutual Fund's UTI Flexi Cap Fund Direct-Growth is a Multi Cap mutual fund program. UTI Flexi Cap Fund Direct-Growth manages assets of Rs. 20,922 crores (AUM). The fund's expense ratio is 1.19 percent, which is higher than the expense ratios charged by most other Multi Cap funds.
The 1-year returns on UTI Flexi Cap Fund Direct-Growth are 61.66 percent. It has had an average yearly return of 17.57 percent since its inception. The fund's top 5 holdings are in Bajaj Finance Ltd., HDFC Bank Ltd., Larsen & Toubro Infotech Ltd., Kotak Mahindra Bank Ltd., Housing Development Finance Corpn. Ltd.
The fund is benchmarked against Nifty 500 TRI. The NAV of UTI Flexi Cap Fund for Aug 10, 2021 is 255.33.
The fund is ranked number 1 by CRISIL rating agency.
Canara Robeco Flexi Cap Fund
Canara Robeco Flexi Cap Fund Direct-Growth is a Canara Robeco Mutual Fund Multi-Cap mutual fund plan. Canara Robeco Flexi Cap Fund Direct-Growth manages a total of 5,185 crores in assets (AUM). The fund's expense ratio is 0.6 percent, which is lower than the expense ratios charged by most other Multi Cap funds.
Canara Robeco Flexi Cap Fund Direct-Growth returns have been 50.30 percent during the last year. It has returned an average of 15.70 percent every year since its inception. The portfolio of the Scheme is made up of 46 securities, with the top ten underlying securities accounting for 51% of the net assets.
The fund is ranked number 2 by CRISIL rating agency.
DSP Flexi Cap Fund
DSP Mutual Fund's DSP Flexi Cap Fund Direct Plan-Growth is a Multi Cap mutual fund strategy. DSP Flexi Cap Fund Direct Plan-Growth manages a total of 5,985 crores in assets (AUM). The fund's expense ratio is 0.94 percent, which is comparable to the expense ratios charged by most other Multi Cap funds.
DSP Flexi Cap Fund Direct Plan's 1-year growth returns are 58.78 percent. It has had an average yearly return of 16.57 percent since its inception. The financial, construction, technology, automobile, and chemical industries account for the majority of the fund's holdings. The NAV of DSP Flexi Cap Fund for Aug 10, 2021 is 68.07. ICICI Bank Ltd., HDFC Bank Ltd., Infosys Ltd., Ultratech Cement Ltd., and Bajaj Finance Ltd. are among the companies in which the DSP Flexi Cap Fund has placed the majority of its money.
The fund is ranked number 2 by CRISIL rating agency.
Union Flexi Cap
Union Mutual Fund's Union Flexi Cap Fund-Growth is a Multi Cap mutual fund plan. Union Flexi Cap Fund-Growth manages assets worth a total of 645 crores (AUM). The fund's expense ratio is 2.51%, which is greater than the expense ratios charged by most other Multi Cap funds.
Union Flexi Cap Fund's 1-year growth returns are 53.86 percent. It has returned an average of 11.94 percent per year since its inception. The financial, technology, healthcare, automobile, and services sectors account for the majority of the fund's holdings.
HDFC Bank Ltd., Infosys Ltd., ICICI Bank Ltd., Reliance Industries Ltd., and Muthoot Finance Ltd. are the fund's top five holdings. Union Flexi Cap Fund's NAV on August 10, 2021 is 31.51.
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