7 Top-performing Flexi Cap Mutual Funds with High Returns on 10-Year SIP
August 29, 2023 Mutual Fund
Flexi Cap Mutual Fund is a sub-category of equity mutual funds that allows investors to diversify their portfolio across market caps. Diversification across the market cap, viz. large-caps, mid-caps, and small-caps can lower the impact of volatility on the portfolio and thereby generate better risk-adjusted returns. Investors can consider the Systematic Investment Plan (SIP) mode while investing in Flexi Cap Mutual Funds to benefit from the power of disciplined investing and compounding of wealth.
The Flexi Cap Mutual Fund category comprises 15 schemes that have a track record of at least 10 years. In the last 10 years, ten Flexi Cap Mutual Funds generated SIP returns of 15% or more. Barring one scheme, all other Flexi Cap Mutual Funds generated double-digit growth. The top-performing SIP generated XIRR of 22.1% during this period.
[Read: Best Flexi Cap Mutual Funds to Invest in 2023 – Top Performing Flexi Cap Mutual Funds in India]
What are Flexi Cap Mutual Funds?
SEBI defines Flexi Cap Mutual Funds as equity-oriented mutual funds that invest a minimum of 65% of their assets in equity and equity-oriented instruments of companies across the market cap range, without any upper or lower limit.
Depending on market conditions, liquidity conditions, and valuations, the fund manager of a Flexi Cap Mutual Fund can manoeuvre the portfolio among large-cap, mid-cap, and small-cap stocks. This gives fund managers greater scope to identify alpha-generating opportunities from a large universe of stocks, which can reward investors with noteworthy risk-adjusted returns over the long term.
Flexi Cap Mutual Funds can even decrease allocation to a particular market cap to nil if the valuation/outlook turns unfavourable. Thus, Flexi Cap Mutual Funds can potentially generate stable returns over various market phases.
However, due to the presence of the mid-cap and small-cap components, Flexi Cap Mutual Funds may still be prone to higher volatility in the interim.
Flexi Cap Mutual Fund category average SIP returns over different time frames
Past performance is not an indicator of future returns.
Data as of August 25, 2023
Returns are XIRR in percentage
Direct plan – Growth option considered
(Source: ACE MF, data collated by PersonalFN)
What is an SIP?
The SIP mode allows mutual fund investors to invest a certain fixed sum regularly over the long term in the scheme/s of their choice. This helps develop a financial discipline – the key to successful investing. It also enables averaging of investment costs as more units are added when the equity markets are trading low and fewer units when the markets are scaling up. This feature enhances the power of compounding, allowing the investors’ wealth to grow leaps and bounds over the long term. The tool used to calculate SIP returns is known as XIRR (Extended Internal Rate of Return).
[Read: 5 Key Benefits of Investing in Mutual Funds via SIP]
[Read: What is XIRR in Mutual Funds? And How to Calculate it?]https://www.youtube.com/embed/iWhtt1dinrs?si=4MX13uYESOzF0J-D
In this article, we will look at the top-performing Flexi Cap Mutual Funds based on 10-year SIP returns.
Top-performing Flexi Cap Mutual Fund on 10-Year SIP Returns #1: Quant Flexi Cap Fund
Launched in September 2008, Quant Flexi Cap Fund currently has an AUM of Rs 1,782 crore. In the last 10 years, Quant Flexi Cap Fund grew at an XIRR of 22.1%. A monthly SIP of Rs 1,000 over a 10-year period (i.e. total investment of Rs 1,20,000) would now be valued at Rs 3,85,694. The fund’s top stock holdings include Reliance Industries, HDFC Bank, DLF, SBI, and NTPC.
| Scheme Name | Total Amount Invested (Rs) | Present Value (Rs) | 10-Year XIRR (%) |
| Quant Flexi Cap Fund | 1,20,000 | 3,85,694 | 22.10 |
Past performance is not an indicator of future returns. The securities quoted are for illustration only and are not recommendatory.
Data as of August 25, 2023
Returns are XIRR in percentage
Monthly SIP of Rs 1,000 over a 10-year period in Direct plan – Growth option considered
(Source: ACE MF, data collated by PersonalFN)
Click here to read our detailed analysis of Quant Flexi Cap Fund.
Top-performing Flexi Cap Mutual Fund on 10-Year SIP Returns #2: Parag Parikh Flexi Cap Fund
Launched in May 2013, Parag Parikh Flexi Cap Fund is currently the second largest scheme in the Flexi Cap Mutual Fund category, having an AUM of Rs 39,848 crore. In the last 10 years, Parag Parikh Cap Fund grew at an XIRR of 18.9%. A monthly SIP of Rs 1,000 over a 10-year period (i.e. total investment of Rs 1,20,000) would now be valued at Rs 3,24,203. The fund’s stock holdings include HDFC Bank, ITC, Bajaj Holdings & Investment, ICICI Bank, and Axis Bank.
| Scheme Name | Total Amount Invested (Rs) | Present Value (Rs) | 10-Year XIRR (%) |
| Parag Parikh Flexi Cap Fund | 1,20,000 | 3,24,203 | 18.89 |
Past performance is not an indicator of future returns. The securities quoted are for illustration only and are not recommendatory.
Data as of August 25, 2023
Returns are XIRR in percentage
Monthly SIP of Rs 1,000 over a 10-year period in Direct plan – Growth option considered
(Source: ACE MF, data collated by PersonalFN)
Click here to read our detailed analysis of Parag Parikh Flexi Cap Fund.
Top-performing Flexi Cap Mutual Fund on 10-Year SIP Returns #3: JM Flexi Cap Fund
Launched in September 2008, JM Flexi Cap Fund currently has a small-sized AUM of Rs 475 crore. In the last 10 years, JM Flexi Cap Fund grew at an XIRR of 18.3%. A monthly SIP of Rs 1,000 over a 10-year period (i.e. total investment of Rs 1,20,000) would now be valued at Rs 3,13,510. The fund’s stock holdings include L&T, REC, HDFC Bank, Reliance Industries, and Infosys.
| Scheme Name | Total Amount Invested (Rs) | Present Value (Rs) | 10-Year XIRR (%) |
| JM Flexicap Fund | 1,20,000 | 3,13,510 | 18.27 |
Past performance is not an indicator of future returns. The securities quoted are for illustration only and are not recommendatory.
Data as of August 25, 2023
Returns are XIRR in percentage
Monthly SIP of Rs 1,000 over a 10-year period in Direct plan – Growth option considered
(Source: ACE MF, data collated by PersonalFN)
Top-performing Flexi Cap Mutual Fund on 10-Year SIP Returns #4: HDFC Flexi Cap Fund
Launched in January 1995, HDFC Flexi Cap Fund is currently the third largest scheme in the Flexi Cap Mutual Fund category, having an AUM of Rs 38,266 crore. In the last 10 years, HDFC Flexi Cap Fund grew at an XIRR of about 17%. A monthly SIP of Rs 1,000 over a 10-year period (i.e. total investment of Rs 1,20,000) would now be valued at Rs 2,92,252. The fund’s stock holdings include ICICI Bank, HDFC Bank, SBI, NTPC, and Cipla.
| Scheme Name | Total Amount Invested (Rs) | Present Value (Rs) | 10-Year XIRR (%) |
| HDFC Flexi Cap Fund | 1,20,000 | 2,92,252 | 16.97 |
Past performance is not an indicator of future returns. The securities quoted are for illustration only and are not recommendatory.
Data as of August 25, 2023
Returns are XIRR in percentage
Monthly SIP of Rs 1,000 over a 10-year period in Direct plan – Growth option considered
(Source: ACE MF, data collated by PersonalFN)
Click here to read our detailed analysis of HDFC Flexi Cap Fund.
Top-performing Flexi Cap Mutual Fund on 10-Year SIP Returns #5: DSP Flexi Cap Fund
Launched in June 2007, DSP Flexi Cap Fund currently has an AUM of Rs 8,827 crore. In the last 10 years, DSP Flexi Cap Fund grew at an XIRR of 16.1%. A monthly SIP of Rs 1,000 over a 10-year period (i.e. total investment of Rs 1,20,000) would now be valued at Rs 2,78,480. The fund’s stock holdings include Bajaj Finance, HDFC Bank, ICICI Bank, Samvardhana Motherson International, and Axis Bank.
| Scheme Name | Total Amount Invested (Rs) | Present Value (Rs) | 10-Year XIRR (%) |
| DSP Flexi Cap Fund | 1,20,000 | 2,78,480 | 16.07 |
Past performance is not an indicator of future returns. The securities quoted are for illustration only and are not recommendatory.
Data as of August 25, 2023
Returns are XIRR in percentage
Monthly SIP of Rs 1,000 over a 10-year period in Direct plan – Growth option considered
(Source: ACE MF, data collated by PersonalFN)
Top-performing Flexi Cap Mutual Fund on 10-Year SIP Returns #6: Franklin India Flexi Cap Fund
Launched in September 1994, Franklin India Flexi Cap Fund currently has an AUM of Rs 11,699 crore. In the last 10 years, Franklin India Flexi Cap Fund grew at an XIRR of 16%. A monthly SIP of Rs 1,000 over a 10-year period (i.e. total investment of Rs 1,20,000) would now be valued at Rs 2,77,802. The fund’s stock holdings include ICICI Bank, HDFC Bank, L&T, Infosys, and Axis Bank.
| Scheme Name | Total Amount Invested (Rs) | Present Value (Rs) | 10-Year XIRR (%) |
| Franklin India Flexi Cap Fund | 1,20,000 | 2,77,802 | 16.02 |
Past performance is not an indicator of future returns. The securities quoted are for illustration only and are not recommendatory.
Data as of August 25, 2023
Returns are XIRR in percentage
Monthly SIP of Rs 1,000 over a 10-year period in Direct plan – Growth option considered
(Source: ACE MF, data collated by PersonalFN)
Top-performing Flexi Cap Mutual Fund on 10-Year SIP Returns #7: Kotak Flexi Cap Fund
Launched in September 2009, Kotak Flexi Cap Fund is currently the largest scheme in the Flexi Cap Mutual Fund category, having an AUM of Rs 40,184 crore. In the last 10 years, Kotak Flexi Cap Fund grew at an XIRR of 15.4%. A monthly SIP of Rs 1,000 over a 10-year period (i.e. total investment of Rs 1,20,000) would now be valued at Rs 2,68,605. The fund’s stock holdings include ICICI Bank, L&T, Ultratech Cement, HDFC Bank, and Infosys.
| Scheme Name | Total Amount Invested (Rs) | Present Value (Rs) | 10-Year XIRR (%) |
| Kotak Flexicap Fund | 1,20,000 | 2,68,605 | 15.40 |
Past performance is not an indicator of future returns. The securities quoted are for illustration only and are not recommendatory.
Data as of August 25, 2023
Returns are XIRR in percentage
Monthly SIP of Rs 1,000 over a 10-year period in Direct plan – Growth option considered
(Source: ACE MF, data collated by PersonalFN)
Who should invest in Flexi Cap Mutual Funds?
Although Flexi Cap Mutual Funds have the flexibility to invest across market caps, most schemes in the category usually hold a large-cap-biased portfolio. This makes Flexi Cap Mutual Funds suitable for investors looking to invest in a large-cap-oriented fund along with tactical allocation to mid-cap and small-cap stocks. One should have a horizon of at least 5 years while investing in the category.
Related links:
Market at All-time High: Is This a Good Time to Invest in Mid Cap and Small Cap Mutual Funds?
The Investment Strategy Mutual Fund Investors May Follow as Sensex, Nifty Touch Record Highs
Should You Kick-start Your SIPs Amid Market Highs? Find Out Now
Market at All-time High: How to Select the Best Mutual Funds for SIP Investment Now?
7 Top Performing Mutual Funds Based on 10-Year SIP Returns
7 Top-Performing Mid Cap Mutual Funds with High Returns on 10-Year SIP
7 Top-performing Small Cap Mutual Funds with High Returns on 10-Year SIP
7 Top-performing Large Cap Mutual Funds with High Returns on 5-Year SIP
Note: This write-up is for information purpose and does not constitute any kind of investment advice or a recommendation to Buy / Hold / Sell a fund. Returns mentioned herein are in no way a guarantee or promise of future returns. As an investor, you need to pick the right fund to meet your financial goals. If you are not sure about your risk appetite, do consult your investment consultant/advisor. Mutual Fund Investments are subject to market risks, read all scheme-related documents carefully.
This article first appeared on PersonalFN here
