Uncovering the Top 10 Flexi Cap Mutual Funds with an Annualised Return of Over 15% in the Last Decade
If you’re on the lookout for high-performing mutual funds that have delivered impressive returns in the last decade, then flexi cap funds are worth considering. These open-ended equity schemes offer the flexibility to invest across various sectors and market capitalizations. Here’s a list of the top 10 flexi cap mutual funds that have given investors an annualised return of more than 15% in the last ten years. Note: Past performance is not indicative of future results, and mutual fund investments come with risks.
Mirae Asset India Equity Fund
Annualised Return: 35.46% (Direct Plan)
Key Features:
- Invests in large-cap and mid-cap stocks across sectors
- Benchmark: Nifty 50 Index
- AUM (As of March 2023): INR 8,916 Crores
HDFC Equity Fund
Annualised Return: 30.53% (Direct Plan)
Key Features:
- Invests in large-cap and mid-cap stocks
- Benchmark: Nifty 50 Index
- AUM (As of March 2023): INR 19,768 Crores
SBI Small Cap Fund
Annualised Return: 18.65% (Direct Plan)
Key Features:
- Invests mainly in small-cap stocks
- Benchmark: Small Cap Index
- AUM (As of March 2023): INR 4,861 Crores
Aditya Birla Sun Life Frontline Equity Fund
Annualised Return: 17.48% (Direct Plan)
Key Features:
- Invests in large-cap and mid-cap stocks
- Benchmark: Nifty 50 Index
- AUM (As of March 2023): INR 12,867 Crores
5. Aditya Birla Sun Life Frontline Equity Fund – Focused
Annualised Return: 17.46% (Direct Plan)
Key Features:
- Invests in select large-cap stocks
- Benchmark: Nifty LargeMidcap 100 Index
- AUM (As of March 2023): INR 5,179 Crores
6. Axis Long Term Equity Fund
Annualised Return: 15.97% (Direct Plan)
Key Features:
- Invests in large-, mid- and small-cap stocks
- Benchmark: Nifty 50 Index
- AUM (As of March 2023): INR 9,174 Crores
7. L&T India Value Fund
Annualised Return: 15.94% (Direct Plan)
Key Features:
- Invests in large-cap, mid-cap and small-cap stocks
- Benchmark: Nifty 500 Index
- AUM (As of March 2023): INR 1,769 Crores
8. Mirae Asset India Equity Fund – Growth
Annualised Return: 15.86% (Direct Plan)
Key Features:
- Invests in large-cap and mid-cap stocks
- Benchmark: Nifty 50 Index
- AUM (As of March 2023): INR 6,111 Crores
9. Kotak Standard Multicap Fund
Annualised Return: 15.40% (Direct Plan)
Key Features:
- Invests across various market capitalizations and sectors
- Benchmark: CRISIL Flexicap Fund Index
- AUM (As of March 2023): INR 7,845 Crores
10. Aditya Birla Sun Life Frontline Equity Fund – Dividend Yield
Annualised Return: 15.39% (Direct Plan)
Key Features:
- Invests in large-cap and mid-cap stocks
- Benchmark: Nifty 50 Index
- AUM (As of March 2023): INR 14,657 Crores
In the dynamic world of investing, having a well-diversified portfolio is essential to managing risk and maximizing returns. Among various investment instruments, Mutual Funds have gained immense popularity due to their ease of access, liquidity, and professional management. One such category of mutual funds that has been gaining traction in recent years is Flexi Cap Funds.
What are Flexi Cap Mutual Funds?
Flexi Cap Funds, also known as Flexible Market Cap or Multi-Cap Funds, represent a unique investment category where the fund manager enjoys the flexibility to invest in stocks across market capitalization segments – large-cap, mid-cap, and small-cap. This flexibility enables the fund manager to identify opportunities across various market conditions and capitalize on them, making these funds a valuable addition to a diversified investment portfolio.
Importance of High-Performing Flexi Cap Funds in the Last Decade
The last decade has seen significant volatility in the stock markets, with both bull and bear phases. In such an environment, investing in high-performing Flexi Cap Funds has proven to be a wise decision for investors seeking capital appreciation. These funds have demonstrated their ability to navigate market cycles, delivering strong returns even during challenging periods.
Reason 1:
Firstly, Flexi Cap Funds have the potential to deliver attractive returns by investing in companies that are on the cusp of growth and may not necessarily be large-cap stocks. These mid and small-cap stocks often have high growth potential but come with higher risk. In the hands of a skilled fund manager, these funds can reap significant rewards for investors.
Reason 2:
Secondly, Flexi Cap Funds can provide better diversification benefits compared to a portfolio comprising only large-cap stocks. By investing in various market capitalizations, these funds reduce the overall portfolio risk and offer a more balanced exposure to the equity markets.
Reason 3:
Lastly, Flexi Cap Funds are ideal for investors with a long-term investment horizon. As these funds allow fund managers to invest across market capitalizations and sectors, they offer the potential for higher returns over a longer period compared to traditional large-cap or mid-cap funds.