With the counter of the Russia-Ukraine crisis and a good rebound in economic indicators, the market is projected to see additional corrections in the near future. In the face of market uncertainty, experts feel that diversifying your portfolio can safeguard your returns from market downturns and that Flexi Cap funds are the best category to invest in.
When the market goes down, equity mutual funds struggle, but investors should not be worried about the risk. Alternatively, starting to invest in Flexi Cap funds, which invest in companies across the market capitalisation range, i.e. large-cap, mid-cap, and small-cap stocks, would be beneficial for moderate risk investors looking to build long-term wealth from equity while the market is volatile and betting on a single sector will not be favourable. As a consequence, we've compiled a list of the top 5 Flexi Cap funds chosen by brokerage firm Sharekhan in April 2022 to begin a Systematic Investment Plan (SIP) in order to combat the turbulence of the equity market.
Franklin India Flexi Cap Fund Direct Growth
Value Research has rated Franklin India Flexi Cap Fund Direct-Growth as a 3-star fund, with Rs 10,113.58 crores in assets under management (AUM) as of 31/03/2022 and a NAV of Rs 1,052.5630 as of 13/04/2022. The fund was established in 1994 and is ideally suited for long-term investors with a 5-year or longer financial goal. Franklin India Flexi Cap Fund Direct-Growth returns are 29.50 percent during the last year. It has had an average yearly return of 16.56 percent since its inception.
The fund has equity asset allocation across Financial, Technology, Consumer Staples, Energy, Automobile sectors and the fund's top 5 holdings are ICICI Bank Ltd., Infosys Ltd., HDFC Bank Ltd., Axis Bank Ltd., Bharti Airtel Ltd.. The fund has a 1.15 percent expense ratio, and SIPs can be started with as little as Rs 500.
| Period | Absolute Returns | Annualised Returns | Category Avg |
|---|---|---|---|
| 1 Week | -1.00% | - | -0.56% |
| 1 Month | 6.52% | - | 6.36% |
| 3 Month | -4.11% | - | -4.44% |
| 6 Month | -2.21% | - | -2.91% |
| YTD | 1.06% | - | -0.36% |
| 1 Year | 29.50% | 29.50% | 26.56% |
| 2 Year | 120.08% | 48.35% | 42.26% |
| 3 Year | 64.51% | 18.01% | 18.43% |
| 5 Year | 94.17% | 14.18% | 14.62% |
| Since Inception | 314.90% | 16.56% | 15.32% |
| Source: moneycontrol.com. Data as of 13th April, 2022 |
UTI Flexi Cap Fund Direct Growth
Value Research has given UTI Flexi Cap Fund Direct-Growth a 5-star rating, and the fund was founded on May 18, 1992. As of 31/03/2022, UTI Flexi Cap Fund Direct-Growth has Rs 24,898.96 Crores in assets under management (AUM) and a NAV of Rs 247.9612 as of Apr 13, 2022. The 1-year returns of UTI Flexi Cap Fund Direct-Growth are 15.31% and it has returned an average of 12.88 percent every year since its inception.
The fund has its sector allocation across Financial, Technology, Healthcare, Services, Materials and the fund's top 5 holdings are Bajaj Finance Ltd., Larsen & Toubro Infotech Ltd., HDFC Bank Ltd., Infosys Ltd., ICICI Bank Ltd.. The fund has a 0.93 percent expense ratio, and SIPs can be started with as little as Rs 500 per month.
| Period | NAV (%) | Nifty 500 Index(%) | Nifty 50(%) |
|---|---|---|---|
| 1 Year | 15.31 | 22.29 | 20.26 |
| 3 Years | 19.35 | 16.78 | 15.86 |
| 5 Years | 16.4 | 14.55 | 15.14 |
| Since Inception | 12.88 | 11.92 | 0 |
| Source: utimf.com. Data as of 31 Mar 2022 |
HDFC Flexi Cap Fund Direct Growth
The HDFC Flexi Cap Fund is a diversified equity fund that invests in big, mid, and small-cap stocks. Its benchmark is the NIFTY 500 Total Returns Index. This product is ideally suited for long-term investors with a financial objective of three years or more. The fund was founded on January 1, 1995, and as of 31/03/2022, HDFC Flexi Cap Direct Plan-Growth has Rs 27,496.23 crores in assets under management (AUM) and a NAV of Rs 1,120.08 crores as of 13th April 2022.
The previous one-year growth returns of the HDFC Flexi Cap Direct Plan were 34.87 percent. It has had an average yearly return of 15.37 percent since its inception. The fund's equity asset allocation is spread across the Financial, Energy, Capital Goods, Technology, and Materials sectors, with State Bank of India, ICICI Bank Ltd., Reliance Industries Ltd., Infosys Ltd., and National Thermal Power Corp. Ltd. as its top five holdings.
The fund has a 1.07 percent cost ratio, and SIPs can be started with as little as Rs 500 per month. Value Research has given the fund a two-star rating, indicating that investors should be cautious.
| Period | Absolute Returns | Annualised Returns | Category Avg |
|---|---|---|---|
| 1 Week | -0.39% | - | -0.56% |
| 1 Month | 8.03% | - | 6.36% |
| 3 Month | 1.25% | - | -4.44% |
| 6 Month | 2.86% | - | -2.91% |
| YTD | 7.59% | - | -0.36% |
| 1 Year | 34.87% | 34.87% | 26.56% |
| 2 Year | 120.04% | 48.34% | 42.26% |
| 3 Year | 57.21% | 16.25% | 18.43% |
| 5 Year | 97.62% | 14.59% | 14.62% |
| Since Inception | 277.29% | 15.37% | 15.32% |
| Source: moneycontrol.com. Data as of 13th April, 2022 |
Canara Robeco Flexi Cap Fund Direct Growth
Canara Robeco Flexi Cap Fund Direct-Growth has been rated 5-star by Value Research and the scheme was founded on 16-Sep-2003. Canara Robeco Flexi Cap Fund Direct-Growth has Rs 7,256 crores in assets under management (AUM) and a NAV of Rs 222.08 as of 13-Apr-2022.
Canara Robeco Flexi Cap Fund Direct-Growth returns over the last year have been 20.82 percent, with an average annual return of 18.18 percent since inception. The fund has equity sector allocation across Financial, Technology, Healthcare, Energy, Automobile and the fund's top 5 holdings are Infosys Ltd., HDFC Bank Ltd., ICICI Bank Ltd., Reliance Industries Ltd., Bajaj Finance Ltd..
The fund has a 0.57 percent expense ratio, and SIPs can be started with as little as Rs 1000 each month.
| Period | Canara Robeco Flexi Cap Fund - Growth | Scheme Benchmark (S&P BSE 500 TRI) | Additional Benchmark (S&P BSE Sensex TRI) |
|---|---|---|---|
| CAGR since Inception | 18.18 % | 16.60 % | 16.76 % |
| 1 Year | 20.82 % | 22.26 % | 19.50 % |
| 3 Year | 17.96 % | 17.06 % | 16.06 % |
| 5 Year | 16.20 % | 14.79 % | 15.94 % |
| Source: canararobeco.com. Data as of Mar 31 , 2022 |
SBI Flexi Cap Fund Direct Growth
Before beginning to discuss the scheme's major takeaways, investors should be aware that SBI Flexi Cap Fund Direct-Growth is rated 3-star by Value Research. SBI Flexi Cap Fund Direct-Growth was established on September 29, 2005, and as of 31/03/2022, it has Rs 15,736.38 crores in assets under management (AUM) and a NAV of Rs 83.73 crores as of Apr 13, 2022.
The product has a 0.87 percent expense ratio, and SIPs can be started with as little as Rs 500. Financial, Services, Energy, Technology, and Consumer Discretionary are the fund's top sector allocations. HDFC Bank Ltd., ICICI Bank Ltd., HCL Technologies Ltd., Axis Bank Ltd., and ITC Ltd. are the fund's top five holdings. The 1-year returns for SBI Flexi Cap Fund Direct-Growth are 26.31 percent. It has had an average yearly return of 17.36% since its inception.
| Period | Absolute Returns | Annualised Returns | Category Avg |
|---|---|---|---|
| 1 Week | -1.31% | - | -0.56% |
| 1 Month | 5.36% | - | 6.36% |
| 3 Month | -2.71% | - | -4.44% |
| 6 Month | -1.67% | - | -2.91% |
| YTD | 1.87% | - | -0.36% |
| 1 Year | 26.31% | 26.31% | 26.56% |
| 2 Year | 101.63% | 41.99% | 42.26% |
| 3 Year | 63.32% | 17.73% | 18.43% |
| 5 Year | 97.91% | 14.62% | 14.62% |
| Since Inception | 340.91% | 17.36% | 15.32% |
| Source: moneycontrol.com. Data as of 13th April, 2022 |
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