Top performing flexi-cap mutual funds: These schemes have given over 50% returns in a year

Flexi-cap mutual funds invest in a mix of Small-Cap, Mid-Cap, and Large-Cap stocks, are well-known among investors for diversification. According to SEBI guidelines, these funds must allocate at least 65% of their investments to equity and related instruments.

Flexi-cap mutual funds stand in second place among the most popular equity funds. In August 2024, the flexi-cap category incurred an inflow of ₹3,513 crore, after sectoral funds, as per AMFI data. Flexi-cap schemes now include 39 funds with a total AUM size of ₹4,29,311.51 crore.

Here are the top 4 flexi cap funds performing best in a year exceeding 50% returns:

NJ Flexi Cap Fund

This fund tops the Flexi Cap category with 58.29% returns in a year.

The fund tracks the NIFTY 500 TRI as its benchmark and has a total expense ratio of 2.03% as of July 31, 2024. As of May 31, 2024, the fund's total asset under management (AUM) is ₹1,249.88 crore. The NAV as of September 17, 2024, is ₹15.94.

The market cap distribution includes 42.18% in large-cap stocks, 37.59% in mid-cap stocks, 19.08% in small-cap stocks, and 1.16% in other categories. The top three holdings in the portfolio are Central Depository Services (India) Limited at 6.05%, REC Limited at 4.96%, and Mphasis Limited at 4.69%.

JM Flexi Cap Fund

The fund secures second rank in the Flexi Cap category to earn 58.11% returns in a year.

The fund follows the BSE 500 benchmark. As of July 31, 2024, the total expense ratio (TER) is 1.83%. The fund's total asset under management (AUM) amount to ₹3,848.82 crore. The net asset value (NAV) as of September 13, 2024, is ₹107.8755.

The market cap distribution includes 39% in large-cap, 20.13% in mid-cap, 38.09% in small-cap, and 2.78% in others. The top three stocks in the portfolio are REC Ltd. (3.31%), Larsen & Toubro Ltd. (3.29%), and Dr. Reddys Laboratories Ltd. (3.25%).

Motilal Oswal Flexi Cap Fund

On 3rd rank, the Bank of India Flexi Cap Fund has given returns of 57.61% in a year.

It tracks the NIFTY 500 TRI as its benchmark and has a total expense ratio of 1.74% as of July 31, 2024. The fund's assets under management (AUM) were ₹11,466.13 crore as of July 31, 2024. As of September 13, 2024, the NAV is ₹62.0649.

The market cap distribution is 1.81% small cap, 20.22% in other categories, 37.69% large-cap, and 40.26% mid-cap. Top holdings include Collateralized Borrowing & Lending Obligation at 12.21%, Trent Limited at 9.77%, and Kalyan Jewellers India Limited at 9.7%.

Bank of India Flexi Cap Fund

Completing the top 4, the Bank of India Flexi Cap Fund has given returns of 55.3% in a year.

The fund's total asset under management (AUM) were ₹1,700.33 crore as of July 31, 2024. It has a TER of 2.04%. The fund's NAV was ₹36.76 as of September 13, 2024.

The market cap distribution includes 41.79% in large-cap stocks, 21.33% in mid-cap stocks, 28.94% in small-cap stocks, and 7.94% in others. The top three stocks in the portfolio are HDFC Bank Limited (5.09%), Vedanta Limited (3.69%), and State Bank of India (3.4%).

Flexi-cap mutual funds continue to attract investors with their diverse portfolio strategies. The highlighted funds delivered impressive returns.