1 week ago
Flexi-Cap Funds Show Wide Risk Gaps Across 22 Portfolios
Flexi-cap funds can invest in companies of different sizes.
But the 22 funds in this comparison used that freedom in very different ways.
Some invested mostly in large companies, which generally made up most of their portfolios.
Others put much more money into mid-sized or small companies.
Capitalmind had the highest mid-cap allocation, while Old Bridge had the highest small-cap allocation.
Quant held much more debt than the typical fund in the group.
These choices can make funds behave differently when markets rise or fall.
Investors therefore need to examine each fund’s current mix, strategy and their own comfort with risk.
Parag Parikh Flexi Cap Fund had the highest large-cap allocation at 91% of its equity portfolio.
Capitalmind led mid-cap exposure at 40.6%, while Old Bridge led small-cap exposure at 52.3%.
The category median allocation was 63.1% in large caps, 20.2% in mid caps and 17.1% in small caps.
JioBlackRock had the highest equity allocation at 99.4%, while Quant held the most debt at 22.3%.
The July snapshot shows that flexi-cap funds can have substantially different risk profiles despite sharing the same category.
- Who
- The comparison covers 22 flexi-cap mutual funds and their fund managers, with implications for investors.
- What
- The July portfolio snapshot shows wide differences in market-cap, equity, debt and cash allocations.
- Where
- Across the 22 flexi-cap funds tracked in the dataset.
- When
- The data is from a July snapshot; the year is not specified.
- Why
- Flexi-cap managers can change allocations based on valuations, market conditions and investment opportunities, creating different risk-return profiles.
Key facts
- Funds tracked
- 22 flexi-cap funds
- Highest large-cap allocation
- Parag Parikh Flexi Cap Fund: 91% of its equity portfolio
- Highest mid-cap allocation
- Capitalmind: 40.6% of its equity portfolio
- Highest small-cap allocation
- Old Bridge: 52.3% of its equity portfolio
- Category median allocation
- 63.1% large cap, 20.2% mid cap and 17.1% small cap
- Highest equity allocation
- JioBlackRock: 99.4%
- Highest debt allocation
- Quant: 22.3%, compared with the 3.4% category median
Sources
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