Multi-cap funds diversify across large, mid, and small-cap stocks offering fixed structured exposure as mandated by SEBI, On the other hand, Flexi-cap funds provide fund managers the freedom to invest across market-cap without restriction. To make an investor choice between both funds here’s an overview of top-performing funds based on 3-year CAGR return.
Here’s an overview of top-performing mutual funds based on the last 3 year CAGR (Compounded Annual Growth Rate) return of both flexi-cap and multi-cap mutual funds
| Flexi-Cap Schemes | AUM Size (Rs in cr) | 3-Year CAGR |
| JM Flexi Cap Growth Option | 4,690.04 | 23.49% |
| HDFC Flexi Cap Growth Option | 64,928.56 | 22.46% |
| Bank of India Flexi Cap Reg Growth Option | 1,929.59 | 19.95% |
(Source – AdvisorKhoj.com)
JM Flexi Cap
The scheme is backed by JM Financial Mutual Fund, and managed by Fund Managers Mr Asit Bhandarkar and Mr Chaitanya Choksi. The minimum investment required to invest in the scheme is Rs 1000. The expense ratio of the scheme is 1.81%.
HDFC Flexi Cap
The scheme is backed by HDFC Mutual Fund, and managed by Fund Manager Mr.Dhruv Muchhal and Roshi Jain. The minimum investment required to invest in the scheme is Rs 100. The expense ratio of the scheme is 1.43%.
Bank of India Flexi Cap
The scheme is backed by Bank of India Mutual Fund, and managed by Fund Manager Mr. Alok Singh. The minimum investment required to invest in the scheme is Rs 5000. The expense ratio of the scheme is 2.02%.
| Multi-Cap Schemes | AUM Size (Rs in cr) | 3-Year CAGR |
| Nippon India Multi Cap Growth Option | 38,677.71 | 23.28% |
| Kotak Multicap Fund Reg Growth Option | 14,799.29 | 22.3% |
| ICICI Pru Multi Cap Growth Option | 14,152.04 | 18.2% |
(Source – AdvisorKhoj.com)
Nippon India Multi Cap
The scheme is backed by Nippon India Mutual Fund, and managed by Fund Manager
Mr. Sailesh Raj Bhan and Mr. Ashutosh Bhargava. The minimum investment required to invest in the scheme is Rs 100. The expense ratio of the scheme is 1.55%.
Kotak Multicap Fund
The scheme is backed by Kotak Mahindra Mutual Fund, and managed by Fund Manager Mr. Devender Singhal and Mr. Abhishek Bisen. The minimum investment required to invest in the scheme is Rs 100. The expense ratio of the scheme is 1.65%.
ICICI Pru Multi Cap
The scheme is backed by ICICI Prudential Mutual Fund, and managed by Fund Manager Mr Gautam Sinha Roy. The minimum investment required to invest in the scheme is Rs 5000. The expense ratio of the scheme is 1.74%.
Both multi-cap and flexi-cap mutual funds offer investors the flexibility to invest across market-cap, with the difference of fund manager’s approach to asset allocation. Among the top Flexi-Cap funds, JM Flexi Cap Growth Option leads with a robust 3-year CAGR of 23.49% but with a high expense ratio of 1.81%. HDFC Flexi Cap Growth Option reported a 22.46% CAGR with a competitive expense ratio of 1.43%.
In the Multi-Cap category, Nippon India Multi Cap Growth Option reported a 23.28% CAGR in the last 3 years along with a reasonable expense ratio of 1.55%. Kotak Multicap Fund Reg Growth Option offers a similar CAGR of 22.3% with an expense ratio of 1.65%.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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