Several flexi cap mutual fund schemes have delivered annualised returns of over 20 percent in the past five years, according to the latest data from the Association of Mutual Funds in India (AMFI). While past performance does not guarantee future results, such returns offer investors a useful benchmark of consistency and relative performance.
As per AMFI data, 11 flexi cap schemes recorded annualised returns above 20 percent in the five-year period ended July 21, 2025. These include schemes from HDFC, Franklin Templeton, Bank of India, Quant, Parag Parikh, and others.
Quant Flexi Cap Fund topped the chart with a 30.56 percent annualised return, followed by HDFC Flexi Cap Fund at 28.50 percent and Bank of India Flexi Cap Fund at 27.16 percent. Franklin India Flexi Cap and JM Flexi Cap delivered returns of 25.21 percent and 25.50 percent respectively during the same period.
An investment of ₹1 lakh made five years ago in one of these top-performing schemes would have grown to approximately ₹2.48 lakh today.
Flexi cap mutual funds are equity-oriented schemes that invest at least 65 percent of their assets in equities and equity-related instruments. These funds are not restricted by market capitalisation and can dynamically allocate across largecap, midcap, and smallcap segments depending on market conditions.
As of June 30, 2025, there were 40 flexi cap schemes in India, managing total assets worth ₹4.94 lakh-crore.
Despite the impressive historical returns, financial advisers warn that past performance should not be the sole basis for investment decisions. Factors such as fund strategy, asset allocation, and market dynamics also play a significant role in future performance.
A Mumbai-based investment analyst noted that while high five-year returns are attractive, investors should assess the overall risk profile, consistency of performance, and suitability of the scheme in relation to their financial goals.
(By arrangement with livemint.com)
