As per the SEBI mandate, the flexicap fund category is required to deploy a minimum 65 per cent of the corpus in equity and equity-oriented securities. Nevertheless, there is no restriction on how much the fund needs to put across large, mid and small caps.

In May 2024, the fund category mobilised a net inflow of Rs 3155.07 crore. Typically investment in these funds is advantageous as it offers exposure across diverse market segments. So, investors stand to leverage available opportunities across different sectors and market caps.

Here is a list of the top 3 flexi cap funds with the highest SIP returns in the 3-year period

JM Flexi Cap Fund – Direct Plan- Growth:

The fund in the top position is accorded five stars by the rating agency CRISIL and has given annualised SIP returns of 40.58 per cent in the three-year period.

The fund has assets under management (AUM) of Rs 2,107.42 crore, while its net asset value (NAV) is Rs 107.37.

The minimum lump sum investment in the fund is Rs 1,000, while the minimum SIP investment is Rs 100.

The expense ratio is 0.48 per cent as on April 30, 2024. It has 63 stocks in its portfolio, of which ICICI Bank, HDFC Bank, L&T, SBI and Bharti Airtel are among the major stocks. 

A Rs 5,000 monthly SIP in the fund for three years, or a total of Rs 1.8 lakh investment, will be now worth Rs 3,17,476.

Quant Flexi Cap Fund – Direct Plan – Growth

This fund has given annualised SIP returns of 36.45 per cent in the three-year period.

The fund’s AUM is Rs 6,272 crore, while its NAV is priced at Rs 114.38.

The minimum lump sum investment is Rs 5000, while for starting a SIP you need to park a minimum of Rs 1000.

Its expense ratio is 0.59 per cent. The fund has 38 stocks in its portfolio with RIL, Kotak Mahindra Bank, Jio Financial, Motherson Sumi and Adani Power among the top stocks.

A Rs 5,000 monthly SIP in the fund for three years has given a total of Rs 3,01,088  as of today’s date.

Bank of India Flexi Cap Fund – Direct Plan – Growth

This is again a CRISIL 5-star rated fund that has given an annualised SIP returns of 37.53 per cent in the three-year period.

The fund has assets under management (AUM) of Rs 879.32 crore, while its net asset value (NAV) is Rs 36.83.

The minimum lump sum investment in the fund is Rs 5,000, while the minimum SIP investment is Rs 1,000. The expense ratio is 0.77 per cent as on April 30, 2024. It has 64 stocks in its portfolio, of which SBI, HAL, Vedanta, Siemens and Castrol India are among the major stocks. 

A Rs 5,000 monthly SIP in the fund for three years, or a total of Rs 1.8 lakh investment, will be now worth Rs 3,05,305.
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