Now Reading: 9 flexi-cap funds give over 15% SIP returns in 10 years
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9 flexi-cap funds give over 15% SIP returns in 10 years
Nine flexi-cap mutual funds have delivered over 15% annual SIP returns in the last 10 years, according to Value Research. A monthly SIP of Rs 10,000 in these schemes would have grown…
The Story in Brief
Nine flexi-cap mutual funds have delivered over 15% annual SIP returns in the last 10 years, according to Value Research. A monthly SIP of Rs 10,000 in these schemes would have grown to between Rs 26.5 lakh and Rs 36.5 lakh. Quant Flexi Cap Fund topped with 21.1% returns, followed by HDFC Flexi Cap (18%) and Parag Parikh Flexi Cap (17.8%). The average flexi-cap fund returned 12.9% over the period. Parag Parikh Flexi Cap's July portfolio shows it raised holdings in Petronet LNG and CIE Automotive, while its cash allocation dropped to 11.74%.
The Indian Opinion
Flexi-cap funds are being sold as a magic bullet for equity investors. The reality: the category average is only 12.9% annually over a decade, and the one-year return is just 6.4%. Investors who chase only the top performers, like Quant or Parag Parikh, ignore that these funds carry higher volatility from mid- and small-cap bets. The real test will come when mid-cap stocks correct sharply, watch how much these funds fall compared to the BSE 500.
Sources (2): livemint.com, livemint.com (2)
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
