Flexi-cap fund performance: 1, 3 & 5-year returns of Parag Parikh, HDFC, ICICI Pru and SBI MF

Flexi-cap funds are designed to give fund managers the flexibility to invest across large, mid and small-cap stocks, depending on market conditions. In this article, we will compare the three-year annualised returns of four major flexi-cap funds, ICICI Prudential, HDFC, Parag Parikh and SBI.

Before reading further, please note that this is just for informational purposes only and not intended to recommend any of the schemes mentioned below.

ICICI Prudential Flexi Cap Fund (Direct – Growth)

The fund’s largest exposures include TVS Motor, Maruti Suzuki, ICICI Bank and HDFC Bank, along with companies such as Infosys, Larsen & Toubro and Avenue Supermarts.

As of 29 December, the fund has recorded a one-year return of 8.73%, slightly below its benchmark of 10.24%.

Its three-year annualised return stands at 19.98%, comfortably above the 13.85% benchmark.

The fund has not completed five years, so long-term returns are not available.

HDFC Flexi Cap Fund (Direct – Growth)

Its top holdings include ICICI Bank, HDFC Bank, Axis Bank, SBI and Kotak Mahindra Bank, alongside companies such as Cipla, Maruti Suzuki, HCL Technologies and Power Grid Corporation.

As of 29 December, the fund has generated a one-year return of 10.66%, above its benchmark of 6.53%.

Its three-year annualised return is 21.80%, outperforming the benchmark of 16.29%.

Over five years, the fund has delivered 24.26%, well ahead of the 16.78% benchmark.

Parag Parikh Flexi Cap Fund (Direct – Growth)

Key investments include HDFC Bank, ICICI Bank, Power Grid Corporation, ITC, Coal India, Bharti Airtel and Maruti Suzuki, along with Bajaj Holdings & Investment.

As of 26 December, the fund has generated a one-year return of 8.56%, ahead of its benchmark return of 6.53%.

Over three years, the fund has delivered a 23.07% annualised return, significantly above the 16.29% benchmark.

Over five years, it has returned 21.04%, outperforming the 16.78% benchmark.

SBI Flexi Cap Fund (Direct – Growth)

Its top holdings include HDFC Bank, ICICI Bank, Infosys, Larsen & Toubro, Reliance Industries and Maruti Suzuki, along with Bharti Airtel, Bajaj Finance, Kotak Mahindra Bank and Eicher Motors.

As of 26 December, the fund has generated a one-year return of 5.58%, marginally above its benchmark of 5.21%.

Over three years, the fund has delivered a 15.12% return, slightly higher than the 14.61% benchmark.

Over five years, it has returned 15.61%, again just above the 15.30% benchmark.

Key takeaways

Over three and five years, Parag Parikh Flexi Cap Fund has delivered the highest returns, closely followed by HDFC Flexi Cap Fund .

ICICI Prudential Flexi Cap Fund has performed well over three years but has not yet completed a five-year horizon.

SBI Flexi Cap Fund has delivered steady but moderate returns, generally in line with its benchmark.