Motilal Oswal Flexi Cap Fund, the leading performer in the category, delivered a return of 47.40% in 2024. Invesco India Flexi Cap Fund and JM Flexicap Fund followed closely with returns of 37.85% and 36.79%, respectively, during the same period.
Bank of India Flexi Cap Fund delivered a 35.43% return this calendar year. Helios Flexi Cap Fund and 360 ONE Flexi Cap Fund generated returns of 32.26% and 31.61%, respectively, during the same period.
Edelweiss Flexi Cap Fund and Bajaj Finserv Flexi Cap Fund recorded returns of 30.60% and 30.58%, respectively, in 2024.
HDFC Flexi Cap Fund posted a return of 27.01% in the same period. Parag Parikh Flexi Cap Fund, the largest fund in the category, returned 25.42% in 2024. SBI Flexi Cap Fund delivered returns of 18.20% and 18.15%, respectively, during the mentioned period.
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Performance against the benchmark
ETMutualFunds also compared the performance of these 38 flexi cap mutual funds with their respective benchmarks. Of these 38 schemes, 23 outperformed their benchmarks, indicating an outperformance rate of 61%. In other words, 15 flexi cap schemes underperformed their benchmarks.
Motilal Oswal Flexi Cap Fund delivered a return of 47.40% in 2024, outperforming its benchmark NIFTY 500 – TRI, which returned 20.86%. Similarly, Invesco India Flexi Cap Fund and JM Flexi Cap Fund also surpassed their benchmark, BSE 500 – TRI.
HDFC Flexi Cap Fund posted a return of 27.01% in 2024, compared to the 20.86% return of its benchmark, NIFTY 500 – TRI.
Axis Flexi Cap Fund and Parag Parikh Flexi Cap Fund, both benchmarked to NIFTY 500 – TRI, also outperformed. Canara Robeco Flexi Cap Fund generated a return of 22.24%, outperforming its benchmark, BSE 500 – TRI, which returned 20.44%. Kotak Flexi Cap Fund similarly managed to exceed its benchmark return during the period.
Underperformers
Mirae Asset Flexi Cap Fund did not outperform its benchmark, delivering a return of 20.81% compared to the 20.86% return of its benchmark, NIFTY 500 – TRI. Similarly, Nippon India Flexi Cap Fund and Mahindra Manulife Flexi Cap Fund also failed to outperform their benchmark, NIFTY 500 – TRI.
Quant Flexi Cap Fund posted a return of 18.20% in 2024, underperforming its benchmark, which returned 20.86%. SBI Flexi Cap Fund also delivered a return of 18.15% and failed to outperform its benchmark.
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The flexi cap funds have delivered an average return of approximately 24.47% in 2024. These funds are benchmarked against BSE 500 – TRI and NIFTY 500 – TRI, which posted returns of 20.44% and 20.86%, respectively, during the same period.
We analyzed all flexi cap funds available in the specified period, including both regular and growth options. The performance data was calculated from January 1, 2024, to December 10, 2024.
Please note, this analysis is not a recommendation. It is intended solely to evaluate the performance of flexi cap funds in 2024. Investment or redemption decisions should not be based on this analysis alone.
Investors should always assess their risk appetite, investment horizon, and goals before making any investment decisions.
