Flexi cap mutual funds lost 4.02% in Jan-March; Parag Parikh Flexi Cap Fund offered positive returns

The flexi cap mutual fund category delivered an average return of -4.02% in the January-March quarter in 2023. However, the benchmarks fared worse, The flexi cap schemes are benchmarked against Nifty 500 – TRI, and S&P BSE 500 – TRI. Both the indices lost 5.66%. Out of 33 schemes in the category, 27 schemes managed to beat their benchmarks.

There were 33 flexi cap schemes. Only Parag Parikh Flexi Cap Fund offered positive returns in the January-March quarter in 2023. All the other schemes in the category were in the negative territory.

Top losers in the category lost around 8%. Quant Flexi Cap Fund and Taurus Flexi Cap Fund lost the most around 7.68% and 7.61% in the quarter that ended in March 2023.

Around nine flexi cap schemes lost around 4% and eight schemes lost 3%. Six schemes lost around 5%. HSBC Flexi Cap Fund lost the lowest of around 1.39% in the quarter that ended in March 2023.

As per recent AMFI data, the flexi cap category in the quarter that ended in March 2023, received a total inflow of Rs 3,914.23 crore. The category received the highest inflow in February of Rs 1,802 crore. The net asset under management for the flexi cap category as on March 31, 2023 was Rs 2.41 lakh crore.

Flexi cap schemes are recommended for moderate investors. One should consider investing in these schemes only if they have an investment horizon of five to seven years.

If you are looking for recommendations, see: best flexi cap schemes to invest in 2023