JM Flexicap Fund, the topper in the flexi cap category, offered 35.19%. Bank of India Flexi Cap Fund gave 34.77%. Parag Parikh Flexi Cap Fund, the largest scheme in the flexi cap category based on assets managed, offered 33.77%. The scheme manages assets of Rs 48,293.87 crore. ETMutualFunds also compared the performance of the toppers with their respective benchmarks. All the toppers – 14 schemes that offered over 25% – have managed to beat their respective benchmarks in 2023.
The flexi cap schemes are benchmarked against NIFTY 500 – TRI and S&P BSE 500 – TRI. NIFTY 500 – TRI and S&P BSE 500 – TRI gave 22.61% and 22.26% respectively in 2023.
According to the Amfi data, the flexi cap category has witnessed an inflow of Rs 10,530.51 crore in 2023. Flexi cap category witnessed continuous outflows from May to July. The flexi cap category received the highest inflow of Rs 2,192.86 crore in August. The category witnessed the highest outflow of Rs 932.17 crore in July.
The asset under management of flexi cap category as on November 30, 2023 was Rs 3.06 lakh crore, making it the largest asset base under the equity category. The asset under management of flexi cap category has surged by approximately 26.71% in 2023 from Rs 2.41 lakh crore in January to Rs 3.06 lakh crore in November.
Note, the above exercise is not a recommendation. The purpose of the exercise was to find how the the flexi cap category performed in 2023. One should not make investment or redemption decisions based on the above exercise.
If you are looking for recommendations, see:
Best flexi cap mutual funds to invest in 2023
One should always consider investment horizon, risk appetite and goal before making investment decisions.
Flexi cap schemes offer the fund managers the freedom to invest across market capitalisations and sectors/themes. It means the fund managers can invest anywhere based on his outlook on the market. These schemes are typically recommended to moderate investors with an investment horizon of five to seven years.
