A wrap-up on our flexi-cap funds' coverage

Jun 22, 2023

When it comes to popularity and scale, the flexi-cap category rules. The amount of assets managed under this category is Rs 2,52,500 crore, as of April 2023, which is the highest among open-end equity categories.


A dive into flexi-cap funds
Since the flexi-cap category is limited to the equity asset class, one may mistakenly think of the funds as more industrial than artisanal. Well, that would be wrong because even funds that focus on a single asset class may take dramatically different approaches.

In A Graph: Parag Parikh Flexi Cap
Parag Parikh Flexi Cap is the second largest flexi-cap fund, in terms of assets under management (AUM). The fund recently completed 10 years. Here is a look at the performance.

HDFC Flexi Cap: From Prashant Jain to Roshi Jain
Prashant Jain is one of the most well recognized and respected fund managers that the Indian mutual fund industry ever had. Roshi Jain has big shoes to fill, but is no shrinking violet. In certain aspects, both are startlingly identical. But Roshi is no carbon copy of Prashant. A look at what's different and what to expect going ahead.

Analyst Review: HDFC Flexi Cap
The fund has performed well under Roshi’s short stint this far. Given the fund’s portfolio construct, it can witness underperformance if there is a disruption in India’s capex and infrastructure recovery, as the portfolio has high exposure to the banking, manufacturing and real estate segments.

Should you invest in a flexi-cap fund?
First things first. A lot of investors seem to conflate the multi-cap and flexi-cap categories, so let's draw a distinction. A multi-cap fund and a flexi-cap fund are both diversified equity funds, the significant difference being the mandated exposure to various market caps.

A look at 5 flexi-cap funds
Our analysts share their take on DSP Flexi Cap, HDFC Flexi Cap, UTI Flexi Cap, Franklin India Flexi Cap and Aditya Birla Sun Life Flexi Cap.

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