Top 3 Flexi Cap Funds Gave More Than 50% Returns in A Year

The Indian stock market has witnessed a strong run in recent times, and flexi-cap mutual funds have been at the forefront of these gains. These funds, known for their agility in investing across market capitalizations, have delivered impressive returns for investors. If you’re looking for high-growth potential in your portfolio, here’s a look at the top 3 flexi cap funds that have surged over 50% in the last year.

BANK OF INDIA Flexi Cap Fund is an open-ended equity scheme launched by the Bank of India Mutual Fund on June 5, 2020. As a Flexi cap fund, it invests across various market capitalizations. The fund, benchmarked against the NIFTY 50 TRI, has a total asset base of Rs 879.32 crore as of April 30, 2024. It has a total expense ratio (TER) of 2.25% and a high turnover rate of 112%, indicating active management.

Investors can start with a minimum investment of Rs 5,000, with additional top-ups of at least Rs 1,000. The fund charges an exit load of 1% if redeemed within three months. As of May 28, 2024, the NAV is Rs 33.51. Since its inception, the fund has delivered a remarkable CAGR of 36.11%, significantly outperformed its benchmark, which has a CAGR of 14.13%.

JM Flexicap Fund, previously known as the JM Multi Strategy Fund – Growth option, is an open-ended equity mutual fund launched on September 23, 2008, by JM Financial Mutual Fund. It is benchmarked against the NIFTY 50 TRI. As of April 30, 2024, the fund has a Total Expense Ratio (TER) of 1.97% and manages assets worth Rs 2,107.42 crore. It has a turnover rate of 148.03% and imposes an exit load of 1% if redeemed within 30 days.

The fund requires a minimum investment of ₹1,000, with additional top-ups allowed at ₹100. As of May 28, 2024, the fund’s Net Asset Value (NAV) stood at ₹95.2416, reflecting a slight decline of 0.5171% from the previous day. Since its inception, the fund has achieved a Compound Annual Growth Rate (CAGR) of 15.45%, outperforming its benchmark’s CAGR of 14.13%.

Quant Flexi Cap Fund, previously known as the Escorts Power & Energy Fund, is an open-ended equity mutual fund managed by Quant Mutual Fund. Launched on September 1, 2008. It aims to provide long-term capital appreciation by predominantly investing in equities, with a benchmark of the NIFTY 50 TRI. As of April 30, 2024, the fund has a Total Expense Ratio (TER) of 1.81% and manages assets worth Rs 5,562.88 crore.

The minimum investment required is Rs 5,000, with subsequent top-ups allowed at Rs 1,000. It imposes an exit load of 1% if units are redeemed within 15 days. As of May 28, 2024, the fund’s NAV stands at ₹100.7246. Since its inception, the fund has achieved a Compound Annual Growth Rate (CAGR) of 15.86%, outperforming its benchmark, which has a CAGR of 14.13%.

Investors seeking high-growth opportunities might consider these top-performing flexi cap funds, which have demonstrated strong returns and effective management, making them attractive options for diversifying and enhancing investment portfolios.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.