12 hrs ago
Largest Flexi-Cap Funds Dominate Assets, Not Recent Returns
Flexi-cap funds can invest in big, medium-sized and small companies.
There are 46 such funds, but three of them hold about half of all the money invested in this category.
These are Parag Parikh Flexi Cap, HDFC Flexi Cap and Kotak Flexi Cap.
However, they were not the best performers over the latest one-year period.
A much smaller fund, ITI Flexi Cap, had the highest one-year return at 14.07%.
Over five years, HDFC Flexi Cap had the strongest return among the funds listed.
This shows that a fund with more money is not always the fund with the highest recent return.
Investors should compare performance over different time periods and also consider how each fund invests.
Parag Parikh Flexi Cap, HDFC Flexi Cap and Kotak Flexi Cap held 51.91% of flexi-cap funds’ total AUM as of 31 August 2026.
The three largest schemes returned -4.04%, 1.86% and 0.10%, respectively, over one year through 11 September 2026.
ITI Flexi Cap delivered the highest one-year return at 14.07%, despite having only ₹1,588 crore in AUM.
HDFC Flexi Cap led the listed five-year results with a 17.47% return, followed by Bank of India Flexi Cap at 16.79%.
The comparison suggests investors should assess returns across periods, consistency and investment strategy rather than rely on AUM alone.
- Who
- Flexi-cap mutual funds, particularly Parag Parikh Flexi Cap, HDFC Flexi Cap and Kotak Flexi Cap, are compared with other schemes.
- What
- The comparison examines whether the largest flexi-cap funds by assets also delivered the strongest one-year and five-year returns.
- Where
- The comparison concerns the Indian flexi-cap mutual-fund category.
- When
- AUM figures are as of 31 August 2026; return figures are as of 11 September 2026.
- Why
- To show whether fund size and recent investment performance are connected and to explain what investors should evaluate.
Key facts
- Category AUM
- Flexi-cap funds collectively managed ₹6,11,390 crore as of 31 August 2026.
- Number of schemes
- The category contained 46 schemes.
- Largest three funds
- Parag Parikh Flexi Cap, HDFC Flexi Cap and Kotak Flexi Cap together managed ₹3,17,403 crore.
- Share of category AUM
- The three largest schemes represented approximately 51.91% of total flexi-cap AUM.
- Best one-year return
- ITI Flexi Cap delivered a 14.07% one-year return, based on the figures provided.
- Best five-year return
- HDFC Flexi Cap delivered a 17.47% five-year return among the funds listed.
- Largest fund’s one-year return
- Parag Parikh Flexi Cap, the largest scheme by AUM, returned -4.04% over one year.
Sources
Related news
Large AUM Equity Funds Trail Smaller Funds in Returns
Flexi-Cap Funds Show Wide Differences in Large-Cap Allocation
Parag Parikh Flexi Cap Fund Underperformance: Should Investors Worry?
Flexi-Cap Funds Show Wide Risk Gaps Across 22 Portfolios
Four Mutual Funds Selected as Long-Term Investment Watchlist
Index And Flexi-Cap Funds May Offer Less Diversification
Combined Gold and Silver ETFs Outpace Equity ETFs in FY26
What Happens to Mutual Fund Units When AMCs Shut Down
SIP Account Additions Reach Six-Month High in August
India Overtakes Russia After Record Forex Reserve Gain
