Top 10 Flexi Cap Mutual Funds to invest in August 2024
If you are struggling with making the right investment and investing money, then Flexi Cap Mutual Funds can be a good option. Factors to be considered why you may choose Flexi Cap Plus are a few good ideas for August 2024 as well.
What Are Flexi-Cap Mutual Funds?
Flexi-Cap Mutual Funds provide flexibility to fund managers. Stocks can be bought in organisations that are large, medium or small. This will prompt fund managers to reallocate investment based on market performance expectations.
Selection of the Appropriate Flexi Cap Fund
Therefore while investing in a flexi-cap mutual fund you must choose a scheme based on your risk-taking ability. It is added that there are some flexi-cap funds that invest in a more conservative manner. Some might choose to take on more risk for potentially greater rewards. 7 best-performing flexi cap mutual funds to invest in August 2024:
1. Parag Parikh Flexi Cap Fund
2. UTI Flexi Cap Fund
3. PGIM India Flexi Cap Fund
4. Aditya Birla Sun Life Frontline Equity Fund
5. SBI Flexi Cap Fund
6. Canara Robeco Flexi Cap Fund
7. Axis Flexi Cap Fund
8. Mirae Asset Flexi Cap Fund
9. Franklin India Flexi Cap Fund
10. HDFC Flexi Cap Fund
How We Chose these Funds?
In deciding on these funds, we considered several important factors:
1. Mean Rolling Returns: Average rolling returns of these funds over the last 3 years.
2. Consistency: We looked at the consistency of fund returns (through a measure called Hurst Exponent). High Hurst Exponent means the fund has been more stable and lower-volatile.
3. Downside Risk: Analyzing each fund’s performance in market downturns to see how it tends to do when the markets heat up.
4. Out-performance: We benchmarked each fund to what was expected given market conditions.
5. Asset Size: We considered only those funds that had a minimum size of Rs.50 crore so that they are established and dependable.
Conclusion
If you are planning to invest for the long term in a mutual fund that is more flexible and has growth potential then the flexi cap can be a great way out of it. You can invest depending on your own risk factor by selecting one of the recommended funds. Be sure to continually review your investment options and keep up-to-date on the market conditions so that you can optimize what is best for your financial future.
