Top 3 Flexi Cap Funds with Over 50 per cent Returns in a Year
Review of three flexi cap mutual funds that achieved over 50% returns in one year, focusing on performance and portfolio details.
Diversifying mutual fund investments means spreading your money across different types of stocks, such as those based on various asset classes, industries, or regions. This strategy helps reduce the risk of losing money if a particular asset or market underperforms.
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Flexi-cap mutual funds, which invest in a mix of Small-Cap, Mid-Cap, and Large-Cap stocks, are a popular option for diversification. According to SEBI guidelines, these funds must allocate at least 65 per cent of their investments to equity and related instruments.
Here are the Top 3 Flexi Cap Funds performing best in a year:
JM Flexi Cap Fund
This fund tops the Flexi Cap category with 54.51 per cent returns in a year.
The fund follows the BSE 500 benchmark. As of July 31, 2024, the total expense ratio (TER) is 1.83 per cent. The fund's total asset under management (AUM) amount to Rs 3,848.82 crore. The net asset value (NAV) as of September 10, 2024, is Rs 107.8755.
The market cap distribution includes 39 per cent large-cap, 20.13 per cent mid-cap, 38.09 per cent small-cap, and 2.78 per cent in others. The top three stocks in the portfolio are REC Ltd. (3.31 per cent), Larsen & Toubro Ltd. (3.29 per cent), and Dr. Reddys Laboratories Ltd. (3.25 per cent).
NJ Flexi Cap Fund
The fund secures second rank in the Flexi Cap category to earn 54.41 per cent returns in a year.
The fund tracks the NIFTY 500 TRI as its benchmark and has a total expense ratio of 2.03 per cent as of July 31, 2024. As of May 31, 2024, the fund's total asset under management (AUM) is Rs 1,249.88 crore. The NAV as of September 10, 2024, is Rs 15.76.
The market cap distribution includes 42.18 per cent in large-cap stocks, 37.59 per cent in mid-cap stocks, 19.08 per cent in small-cap stocks, and 1.16 per cent in other categories. The top three holdings in the portfolio are Central Depository Services (India) Limited at 6.05 per cent, REC Limited at 4.96 per cent, and Mphasis Limited at 4.69 per cent.
Bank of India Flexi Cap Fund
On 3rd rank, the Bank of India Flexi Cap Fund has given returns of 52.55 per cent in a year.
The fund's total asset under management (AUM) were Rs 1,700.33 crore as of July 31, 2024. It has a TER of 2.04 per cent. The fund's NAV was Rs 36.31 as of September 10, 2024.
The market cap distribution includes 41.79 per cent in large-cap stocks, 21.33 per cent in mid-cap stocks, 28.94 per cent in small-cap stocks, and 7.94 per cent in others. The top three stocks in the portfolio are HDFC Bank Limited (5.09 per cent), Vedanta Limited (3.69 per cent), and State Bank of India (3.4 per cent).
Disclaimer: The article is for informational purposes only and not investment advice.