Flexi cap funds · 5 year performance
Flexi cap gives fund managers the most freedom.
Most of them have used it well.
Flexi cap funds can invest across large, mid, and small caps without restriction. That flexibility has helped most of them beat the Nifty 500 index over 5 years — but the spread between the best and worst is the widest of any category.
17
above the waterline
6
sinking below it
15.0%
Nifty 500 TRI return
0.10%
index fund fee
17 out of 23 funds with 5-year track records stayed above water. Flexi cap's freedom to move across market caps has worked in investors' favour — but the gap between the best and worst is over 8% per year.
Why flexi cap has done well
Freedom to move is a genuine advantage. When large caps get expensive, a flexi cap manager can shift to mid and small caps. When small caps correct, they can move to safety. This flexibility means they're not stuck in one segment — and over the last 5 years, that tactical shifting has added real value for most funds in this category.
The widest spread of any category
HDFC Flexi Cap delivered 21.6% while SBI managed just 13.2%. That's 8.4% per year of difference — the widest gap of any category we track. On ₹10 lakh over 5 years, that's the difference between ₹26.7 lakh and ₹18.6 lakh. The freedom that helps the best managers also lets the weaker ones make bigger mistakes.
All flexi cap funds, side by side.
Sorted by 5-year return. Newer funds without 5-year data are listed below with their available returns.
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Returns as of Jan 2026 · Source: AMFI, fund factsheets · All returns are CAGR, direct plan, growth option · Benchmark: Nifty 500 TRI
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