Top 8 Flexible Capital Mutual Fund Picks by Sharekhan

Benchmark equity indices tumbled in trade today, and in a scenario where foreign institutional investors (FIIs) are the biggest net sellers in the capital market, and the country’s benchmark 10-year bond yield reached near a three-year high, it is more risky to invest in the stock market, which has reached a near historic low due to rising inflation and interest rates in the economy . Therefore, diversifying your investments, especially mutual funds, is essential, and when it comes to diversification, flexi cap funds remain the first choice for investors, as they are funds that invest in stocks of all major and mid caps. , and small capitalization companies. According to SMC Global Securities, flexi-cap funds had the highest net inflow among share classes in 2021-22, with a net inflow of 35,877 crores, according to statistics from the Association of Mutual Funds in India (Amfi). While large-cap funds received a net inflow of 13,569 crore for the 2021-22 financial year, mid-cap funds saw a net inflow of 16,308 crore, and small cap funds gained a net inflow of 10,145 crores. According to statistics, flexible capital funds had the largest net inflows, indicating that equity investors prefer flexible capital funds for built-in portfolio diversification and are unwilling to invest in one fund category. specific in weak market conditions. As a result, according to Sharekhan’s June 2022 mutual fund report, here are the top 8 flexi cap funds that the brokerage has chosen.

UTI Flexi Cap Fund – Growth

UTI Flexi Cap Fund Direct-Growth holds a 5-star rating from Value Research and has 23,609 Crores of assets under management (AUM) as of 03/31/2022 with a NAV of 226.74 as of June 10, 2022. The fund has a low expense ratio of 0.77% and has earned an average annual return of 14.46% since inception. The fund’s investments are spread across the financials, technology, healthcare, services and materials sectors. The fund’s top five holdings 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 rating from Value Research and a low expense ratio of 0.48% compared to other products in the category. Canara Robeco Flexi Cap Fund Direct-Growth has an AUM of 7,263 Crores as of 03/31/2022 and a NAV of 219.72 as of June 10, 2022. The Canara Robeco Flexi Cap Fund’s direct growth returns for the previous year are 3.05%, and it has achieved average annual returns of 13.88% since inception. The fund’s investments are spread across the financials, technology, energy, automotive and healthcare sectors. ICICI Bank Ltd., HDFC Bank Ltd., Reliance Industries Ltd., Infosys Ltd. and Tata Consultancy Services Ltd. are the fund’s top five holdings.

DSP Flexi Cap – Reg – Growth Fund

This fund has a 3-star rating from Value Research, and DSP Flexi Cap Fund Regular Plan-Growth has 7,395 Crores of assets under management (AUM) as of 03/31/2022, with a net asset value of 57.21 as of June 10, 2022. The fund has an expense ratio of 1.98% and has provided average annual returns of 18.64% since inception. The fund’s top five holdings are in ICICI Bank Ltd., HDFC Bank Ltd., Infosys Ltd., Bajaj Finance Ltd. and Avenue Supermarts Ltd. The fund’s main sector allocations are financials, technology, automotive, materials and capital goods.

Franklin Flexi Cap Indian Fund – Growth

Franklin India Flexi Cap Fund-Growth has a 3-star rating from Value Research and has 9,492 crore assets under management (AUM) as of 03/31/2022 with a net asset value of 885.43 as of June 10, 2022. The fund’s expense ratio is 1.87%, which is higher than other funds in the same category. The Franklin India Flexi Cap Fund-Growth returns for the past year are 5.27%, and it has provided average annual returns of 17.56% since inception. The fund’s sector allocations include finance, technology, consumer staples, energy, services and others. The top five holdings in 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 rating from Value Research, and its 1-year returns are 9.55%, with an average annual return of 18.20% since inception. As of 03/31/2022, HDFC Flexi Cap Fund-Growth has 27,433 Crores of assets under management (AUM) and a net asset value of 986.21 as of June 10, 2022. The fund’s sector allocations include financials, energy, technology, materials, capital equipment and consumer goods. State Bank of India, ICICI Bank Ltd., Reliance Industries Ltd., HDFC Bank Ltd. and Infosys Ltd. are the fund’s top five holdings. The fund has an expense ratio of 1.71% and an exit charge of 1%.

SBI Flexi Cap Fund – Growth

SBI Flexi Cap Fund – Growth is rated 3 stars by Value Research, and its 1-year returns are 2.33%, with an average annual return of 12.38% since inception. SBI Flexi Cap Fund-Growth a 15,047 Crores of assets under management (AUM) as of 03/31/2022 and a NAV of 70.25 as of June 10, 2022. The fund has a higher expense ratio of 1.85% compared to other funds in the same category, and the fund holds a sector allocation of financials, energy, services , technology and automotive. The top five holdings in the fund are ICICI Bank Ltd., HDFC Bank Ltd., State Bank of India, ITC Ltd. and HCL Technologies Ltd.

Sun Life Aditya Birla Flexible Cap Fund – Growth

Aditya Birla Sun Life Flexi Cap Fund-Growth has a 3-star rating from Value Research, and it has 15,003 Crores of assets under management (AUM) as of 03/31/2022, with a NAV of 1,020.54 as of June 10, 2022. The fund has an expense ratio of 1.82%, which is more than most other funds, and it has provided average annual returns of 21.45% since inception. The fund’s investment mix covers the financial, technology, healthcare, consumer staples and communications sectors, with the top five holdings being ICICI Bank Ltd., Infosys Ltd., HDFC Bank Ltd., Bharti Airtel Ltd. and Dr. Reddy’s Laboratories Ltd. .

Kotak Flexi Cap – Reg – Growth Fund

Kotak Flexi Cap Fund – Reg – Growth holds a 3-star rating from Value Research, and Kotak Flexi Cap Fund Regular-Growth has 35,091 Crores of assets under management (AUM) as of 03/31/2022 and a NAV of 48.08 as of June 10, 2022. The fund’s expense ratio is 1.64% higher than the majority of funds in its category, and it has provided average annual returns of 13.10% since inception. The fund invests in the financial, technology, energy, materials and capital goods sectors, and its top five holdings are ICICI Bank Ltd., Infosys Ltd., Reliance Industries Ltd., SRF Ltd. . and HDFC Bank Ltd.

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Dolores W. Simon