Top 8 flexi cap mutual fund picks by Sharekhan

Equity benchmark indices have crashed in commerce as we speak, and in a situation the place Foreign institutional buyers (FIIs) are the largest single web sellers within the capital market, and the nation’s benchmark 10-year bond yield has reached close to a three-year-high, it’s riskier to put money into the fairness market, which has reached close to to all-time low as a consequence of rising inflation and rates of interest within the financial system. As a consequence, diversifying your investments, notably mutual funds, is crucial, and with regards to diversification, flexi cap funds stay the highest choice for buyers, as they’re funds that put money into the shares of all large-cap, mid-cap, and small-cap corporations. According to SMC Global Securities, flexi-cap funds had the very best web influx amongst fairness classes in 2021-22, with a web influx of ₹35,877 crore, in line with statistics from the Association of Mutual Funds in India (Amfi). Whereas large-cap funds obtained a web influx of ₹13,569 crore for the fiscal 12 months 2021-22, mid-cap funds had a web influx of ₹16,308 crore, and small-cap funds gained a web influx of ₹10,145 crore. According to the statistics, flexi cap funds had the most important web inflows, indicating that fairness buyers choose flexi cap funds for built-in portfolio diversification and will not be prepared to put money into a particular fund class in a weak market situation. As a consequence, in line with Sharekhan’s mutual fund report of June 2022, beneath are the highest 8 flexi cap funds that the brokerage has chosen.

UTI Flexi Cap Fund – Growth

UTI Flexi Cap Fund Direct-Growth holds a 5-star ranking from Value Research and has ₹23,609 Crores in belongings below administration (AUM) as of 31/03/2022 with a NAV of ₹226.74 as of Jun 10, 2022. The fund has a low expense ratio of 0.77 p.c and has achieved 14.46 per cent common annual returns since its inception. The fund’s investments are unfold all through the monetary, know-how, healthcare, providers, and supplies sectors. The prime 5 holdings of the fund are Bajaj Finance Ltd., HDFC Bank Ltd., ICICI Bank Ltd., Kotak Mahindra Bank Ltd., and Infosys Ltd.

Canara Robeco Flexi Cap Fund – Growth

Canara Robeco Flexi Cap Fund – Growth has a 4-star ranking from Value Research and a low expense ratio of 0.48 per cent when in comparison with different merchandise within the class. Canara Robeco Flexi Cap Fund Direct-Growth has an AUM of ₹7,263 Crores as of 31/03/2022 and a NAV of ₹219.72 as of Jun 10, 2022. Canara Robeco Flexi Cap Fund Direct-Growth returns for the earlier 12 months are 3.05 per cent, and it has achieved 13.88 per cent common annual returns since inception. The fund’s investments are unfold all through the monetary, know-how, power, vehicle, and healthcare sectors. ICICI Bank Ltd., HDFC Bank Ltd., Reliance Industries Ltd., Infosys Ltd., and Tata Consultancy Services Ltd. are the fund’s prime 5 holdings.

DSP Flexi Cap Fund – Reg – Growth

This fund has a 3-star ranking from Value Research, and DSP Flexi Cap Fund Regular Plan-Growth has ₹7,395 Crores in belongings below administration (AUM) as of 31/03/2022, with a NAV of ₹57.21 as of Jun 10, 2022. The fund has an expense ratio of 1.98 per cent and has supplied 18.64 per cent common annual returns since inception. The fund’s prime 5 holdings are in ICICI Bank Ltd., HDFC Bank Ltd., Infosys Ltd., Bajaj Finance Ltd., and Avenue Supermarts Ltd and the fund’s prime sector allocations are Financial, Technology, Automobile, Materials, Capital Goods.

Franklin India Flexi Cap Fund – Growth

Franklin India Flexi Cap Fund-Growth has a 3-star ranking from Value Research and has 9,492 Crores in belongings below administration (AUM) as of 31/03/2022 with a NAV of ₹885.43 as of Jun 10, 2022. The fund’s expense ratio is 1.87 per cent, which is greater than that of different funds in the identical class. Franklin India Flexi Cap Fund-Growth returns for the final 12 months are 5.27 per cent, and it has supplied 17.56 per cent common annual returns since inception. The fund’s sector allocations embody monetary, know-how, client staples, power, providers, and others. The prime 5 holdings of the fund are ICICI Bank Ltd., HDFC Bank Ltd., Axis Bank Ltd., Infosys Ltd., and Bharti Airtel Ltd.

HDFC Flexi Cap Fund – Growth

HDFC Flexi Cap Fund – Growth has a 2-star ranking from Value Research, and its 1-year returns are 9.55 per cent, with a mean annual return of 18.20 per cent since inception. As of 31/03/2022, HDFC Flexi Cap Fund-Growth has ₹27,433 Crores in belongings below administration (AUM) and a NAV of ₹986.21 as of Jun 10, 2022. The fund’s sector allocations embody monetary, power, know-how, supplies, capital items, and client items. State Bank of India, ICICI Bank Ltd., Reliance Industries Ltd., HDFC Bank Ltd., and Infosys Ltd. are the fund’s prime 5 holdings. The fund has an expense ratio of 1.71% and an exit load of 1%.

SBI Flexi Cap Fund – Growth

SBI Flexi Cap Fund – Growth is granted 3 stars by Value Research, and its 1-year returns are 2.33 p.c, with a mean annual return of 12.38 p.c since inception. SBI Flexi Cap Fund-Growth has ₹15,047 Crores in belongings below administration (AUM) as of 31/03/2022 and a NAV of ₹70.25 as of Jun 10, 2022. The fund has a better expense ratio of 1.85 per cent when in comparison with different funds in the identical class, and the fund holds a sector allocation of Financial, Energy, Services, Technology, Automobile. The fund’s prime 5 holdings are ICICI Bank Ltd., HDFC Bank Ltd., State Bank of India, ITC Ltd., and HCL Technologies Ltd.

Aditya Birla Sun Life Flexi Cap Fund – Growth

Aditya Birla Sun Life Flexi Cap Fund-Growth has a 3-star ranking from Value Research, and it has ₹15,003 Crores in belongings below administration (AUM) as of 31/03/2022, with a NAV of ₹1,020.54 as of Jun 10, 2022. The fund has an expense ratio of 1.82 p.c, which is greater than most different funds, and it has supplied 21.45 p.c common annual returns since inception. The fund’s funding allocation spans the monetary, know-how, healthcare, client staples, and communication sectors, with the highest 5 holdings being ICICI Bank Ltd., Infosys Ltd., HDFC Bank Ltd., Bharti Airtel Ltd., and Dr. Reddy’s Laboratories Ltd.

Kotak Flexi Cap Fund – Reg – Growth

Kotak Flexi Cap Fund – Reg – Growth holds a 3-star ranking from Value Research, and Kotak Flexi Cap Fund Regular-Growth has ₹35,091 Crores in belongings below administration (AUM) as of 31/03/2022 and a NAV of ₹48.08 as of Jun 10, 2022. The fund’s expense ratio is 1.64 p.c greater than nearly all of funds in the identical class, and it has supplied 13.10 p.c common annual returns since inception. The fund invests within the Financial, Technology, Energy, Materials, and Capital Goods sectors, and its prime 5 holdings are ICICI Bank Ltd., Infosys Ltd., Reliance Industries Ltd., SRF Ltd., and HDFC Bank Ltd.

Subscribe to Mint Newsletters

* Enter a sound e mail

* Thank you for subscribing to our publication.