# 31 of 46 flexi-cap funds give positive returns despite Nifty 500 fall

2026-09-24T17:36:36+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 1 independent outlet

Thirty-one of 46 flexi-cap mutual funds delivered positive one-year returns even as the Nifty 500 fell 1.67 per cent, according to data from Value Research as of 23 September 2026. The best performer was ITI Flexi Cap Fund at 13.09 per cent, followed by Bank of India Flexi Cap Fund at 11.22 per cent, 360 ONE Flexicap at 10.46 per cent, Navi Flexi Cap at 10.21 per cent, and TRUST MF Flexi Cap at 9.75 per cent. Fifteen schemes posted negative returns, led by Samco Flexi Cap Fund at minus 7.14 per cent, Tata Flexi Cap at minus 4.75 per cent, and NJ Flexi Cap at minus 4.53 per cent. However, six of those negative-return funds still beat the Nifty 500, declining less than the benchmark. Separately, Franklin Templeton India Mutual Fund reported that flexi-cap funds attracted the highest equity inflows of Rs 89,087 crore over the 12 months to August 2026, despite a category-average return of 1.49 per cent. The flow-return divergence was not unique to flexi-cap funds. Large-cap funds saw inflows of Rs 17,329 crore despite a negative return of 2.25 per cent, while dividend yield funds saw outflows despite a positive return. The data underscores how investor allocations often do not align with recent category performance.

## Indian Opinion Analysis

Both sources present raw market data with no editorial slant, making the divergence between flows and returns the real story. Flexi-cap funds pulled in Rs 89,087 crore even as 15 of 46 schemes lost money, suggesting investors are betting on long-term fund manager skill rather than chasing short-term winners. The data is a snapshot of behaviour during a broad-market decline, and the critical number to watch is whether inflows into negative-return categories persist if the Nifty 500 continues falling.

## Coverage

- livemint.com <https://www.livemint.com/money/personal-finance/31-of-46-flexi-cap-mutual-funds-delivered-positive-1-year-returns-despite-market-fall-check-the-schemes-in-red-11790248263378.html>
- livemint.com <https://www.livemint.com/money/personal-finance/mutual-fund-inflows-over-1-year-which-equity-debt-and-hybrid-categories-attracted-money-despite-being-in-the-red-11790274938544.html>

Tags: Association of Mutual Funds in India, ITI Flexi Cap, Nifty 500, Samco Flexi Cap, Value Research
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