When a New Fund Offer (NFO) hits the market, many investors hesitate, wondering if it’s worth considering existing funds with a track record. With multiple funds already available in the same category, the decision to invest in an NFO becomes tricky. Let’s delve into the data and assess how Flexi Cap funds launched in 2023 have fared.
Here’s a summary of the Flexi Cap funds introduced in 2023 and their 1 yr performance:
| Mutual Fund Scheme Name | Launch Date | AUM (Cr) | TER in % | 1Y Return in % |
| 360 One Flexi Cap Fund | 30-06-2023 | 1,147.52 | 0.4 | 39.54 |
| Helios Flexi Cap Fund | 13-11-2023 | 2,145 | 0.49 | 38.39 |
| ITI Flexi Cap Fund | 17-02-2023 | 1,262.58 | 0.3 | 38.23 |
| Bajaj Finserv Flexi Cap Fund | 14-08-2023 | 3,779.86 | 0.48 | 35.5 |
| Mirae Asset Flexi Cap Fund | 15-03-2023 | 2,338.16 | 0.51 | 25.99 |
| NJ Flexi Cap Fund | 05-09-2023 | 1,880.27 | 0.59 | 25.74 |
Note: Data as of December 9, 2024
Among the Flexi Cap funds launched in 2023, several delivered impressive one-year returns, with three funds—360 One Flexi Cap Fund, Helios Flexi Cap Fund, and ITI Flexi Cap Fund—ranking among the top 8 performing funds in the Flexi Cap category.
The majority of these funds outperformed their benchmark, the Nifty 500 Total Return Index. However, the NJ Flexi Cap Fund lagged slightly behind the benchmark – the Nifty 500 Total Return Index that delivered a 25.96% return in 1 year.
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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