Top Performing Flexi Cap Funds
Ranked by 3-Year CAGR performance across Direct Growth plans from verified AMC filings.
| Scheme Name & AMC | Rating | AUM (₹ Cr) | 1Y Return | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
Invesco India Focused Fund Invesco Mutual Fund Pvt | 4 | ₹6,229 | +1.59% | +19.81% | +13.37% |
ITI Flexi Cap Fund ITI Mutual Fund | 4 | ₹1,588 | +9.04% | +18.02% | +0.00% |
Bank of India Flexi Cap Fund Bank of India Investment Managers | 4 | ₹3,098 | +7.81% | +17.91% | +14.81% |
Motilal Oswal Flexi Cap Fund Motilal Oswal Mutual Fund | 3 | ₹13,446 | -2.08% | +16.73% | +12.01% |
360 ONE Flexicap Fund 360 ONE Mutual Fund | — | ₹2,246 | +5.65% | +16.49% | +0.00% |
ICICI Pru Focused Fund ICICI Prudential Mutual Fund | — | ₹17,949 | -2.40% | +16.20% | +13.82% |
Invesco India Flexi Cap Fund Invesco Mutual Fund Pvt | 5 | ₹5,709 | -2.99% | +16.10% | +0.00% |
ITI Focused Fund ITI Mutual Fund | — | ₹607 | +1.14% | +15.52% | +0.00% |
Bajaj Finserv Flexi Cap Fund Bajaj Mutual Fund | — | ₹8,527 | +1.47% | +15.39% | +0.00% |
HDFC Focused Fund HDFC Mutual Fund | 5 | ₹26,553 | -3.75% | +14.93% | +15.81% |
Bandhan Focused Fund Bandhan Mutual Fund | 3 | ₹2,094 | +1.56% | +14.80% | +11.21% |
HDFC Flexi Cap Fund HDFC Mutual Fund | — | ₹1,08,547 | -3.40% | +14.75% | +14.68% |
HSBC Flexi Cap Fund HSBC Global Mutual Fund (India) | 4 | ₹5,749 | +2.31% | +14.73% | +11.51% |
ICICI Pru Flexi Cap Fund ICICI Prudential Mutual Fund | — | ₹25,141 | +0.38% | +14.61% | +13.69% |
SBI Focused Fund SBI Funds Management | 4 | ₹50,180 | +7.80% | +14.54% | +10.39% |
SEBI Mandate & Category Classification
Flexi Cap schemes have total investment freedom across large-cap, mid-cap, and small-cap stocks. As mandated by SEBI, they must maintain a minimum 65% in equity instruments, but the fund manager can dynamically reallocate between blue chips and high-growth mid/small caps depending on market valuations.
Category Highlights
- Complete dynamic allocation flexibility across Large, Mid, and Small caps
- Ideal core equity portfolio foundation (40-60% of equity allocation)
- Tax-efficient internal rebalancing without triggering capital gains for the investor
Taxation Rules (Post-Budget 2024)
Equity Taxation: LTCG taxed at 12.5% beyond ₹1.25 Lakh exemption for holding > 12 months. STCG taxed at 20% for holding ≤ 12 months.
Who Should Invest?
- •All equity investors seeking an all-weather core portfolio holding.
- •Investors who prefer professional fund managers to make market-cap rotation calls.
- •Both Lump Sum and SIP investors with a 5+ year perspective.
Risks to Consider
- •Manager bias or misallocation: underperformance if the fund manager stays in cash or misjudges market-cap leadership.
What if you invest ₹10,000/month in Flexi Cap Funds?
Projected wealth growth assuming a category benchmark CAGR of 13.5% compounded monthly:
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Frequently Asked Questions: Flexi Cap Funds
How is a Flexi Cap fund different from a Multi Cap fund?
A Flexi Cap fund has zero minimum restrictions for large, mid, or small caps (can be 80% large-cap or 50% mid-cap as market conditions dictate). In contrast, Multi Cap funds are legally mandated to keep at least 25% in each tier (25% Large, 25% Mid, 25% Small).
Can Flexi Cap funds invest in US or foreign stocks?
Yes, some flexi cap funds (like Parag Parikh Flexi Cap Fund) invest a portion of their corpus in international equities like Alphabet, Microsoft, and Amazon, subject to RBI overseas limits.
Why are Flexi Cap funds considered ideal for first-time investors?
Because they combine the stability of blue-chip large caps with the high growth of mid/small caps while automatically rebalancing as valuations change.
What is the minimum holding period for Flexi Cap funds?
An investment horizon of at least 5 years is recommended to allow the fund manager time to harvest value across market rotations.