Flexi Cap Funds Compared
Every flexi cap mutual fund's 1, 3 and 5-year return, SIP return and record against the Nifty 500, ranked by a stated measure, from AMFI NAVs.
As of 30 Sep 2026, there are 37 flexi cap funds with at least 3 years of NAVs. Over 5 years their direct plans returned a median 10.1% a year, against 8.7% for the Nifty 500 index; 21 of 27 beat it. The highest 5-year return was Bank Of India Flexi Cap Fund at 16.4% a year.
All flexi cap funds, ranked by 5-year return
| # | Fund | 1y | 3y | 5y | 10y | 5y regular | 5y SIP XIRR | Expense ratio (direct) | Beat index (rolling 3y) |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Bank Of India Flexi Cap Fund | 11.4% | 18.4% | 16.4% | — | 14.7% | 17.1% | 0.85% | 40/40 |
| 2 | HDFC Flexi Cap Fund | -1.1% | 14.6% | 15.7% | 15.5% | 14.9% | 13.7% | 0.77% | 50/50 |
| 3 | JM Flexi Cap Fund | 1.7% | 13.8% | 14.6% | 15.9% | 13.3% | 13.4% | 1.07% | 48/50 |
| 4 | ICICI Prudential Flexi Cap fund | 4.0% | 15.2% | 14.4% | — | 13.1% | 14.1% | 0.88% | 28/28 |
| 5 | Quant Flexi Cap Fund | 11.3% | 14.8% | 14.2% | 19.0% | 12.9% | 13.9% | 1.07% | 50/50 |
| 6 | HSBC Flexi Cap Fund | 6.1% | 14.9% | 12.7% | 13.2% | 11.7% | 13.5% | 1.31% | 42/50 |
| 7 | Motilal Oswal Flexi Cap Fund | 3.6% | 17.5% | 12.4% | 12.7% | 11.4% | 14.7% | 1.22% | 28/50 |
| 8 | Edelweiss Flexi Cap Fund | -0.1% | 13.3% | 11.9% | — | 10.1% | 11.1% | 0.77% | 50/50 |
| 9 | Parag Parikh Flexi Cap Fund | -3.5% | 12.2% | 11.2% | 16.9% | 10.3% | 10.7% | 0.69% | 50/50 |
| 10 | Navi Flexi Cap Fund | 10.0% | 11.0% | 11.0% | — | 8.9% | 11.4% | 0.72% | 16/50 |
| 11 | Aditya Birla Sun Life Flexi Cap Fund | 7.0% | 13.9% | 10.9% | 13.4% | 10.0% | 12.5% | 0.89% | 22/50 |
| 12 | Franklin India Flexi Cap Fund | -4.6% | 9.7% | 10.7% | 13.0% | 9.8% | 8.7% | 0.99% | 50/50 |
| 13 | Mahindra Manulife Flexi Cap Fund | -2.3% | 9.3% | 10.5% | — | 8.5% | 9.2% | 0.96% | 23/27 |
| 14 | Nippon India Flexi Cap Fund | -1.6% | 9.2% | 10.1% | — | 8.6% | 8.9% | 0.65% | 24/27 |
| 15 | Taurus Flexi Cap Fund | 8.9% | 11.1% | 10.1% | 9.8% | 10.0% | 10.8% | 2.69% | 6/50 |
| 16 | Kotak Flexi Cap Fund | -2.2% | 10.5% | 9.9% | 13.0% | 9.0% | 9.2% | 0.66% | 28/50 |
| 17 | Union Flexi Cap Fund | 1.3% | 10.3% | 9.7% | 13.1% | 8.5% | 9.6% | 1.55% | 40/50 |
| 18 | LIC MF Flexi Cap Fund | 3.3% | 10.2% | 9.6% | 10.8% | 8.6% | 10.1% | 1.85% | 11/50 |
| 19 | Bandhan Flexi Cap Fund | -1.7% | 9.7% | 9.2% | 10.7% | 8.4% | 8.3% | 1.53% | 16/50 |
| 20 | DSP Flexi Cap Fund | -2.1% | 9.8% | 9.0% | 13.5% | 7.9% | 9.2% | 0.88% | 32/50 |
| 21 | Canara Robeco Flexi Cap Fund | -2.5% | 10.6% | 8.8% | 13.9% | 7.5% | 8.6% | 0.69% | 20/50 |
| 22 | Axis Flexi Cap Fund | 4.4% | 13.2% | 8.4% | — | 7.2% | 10.6% | 0.85% | 8/50 |
| 23 | Tata Flexi Cap Fund | -5.7% | 8.8% | 8.2% | — | 6.8% | 7.6% | 0.89% | 17/50 |
| 24 | SBI Flexicap Fund | -2.2% | 7.8% | 7.6% | 11.9% | 6.7% | 6.8% | 1.25% | 4/50 |
| 25 | PGIM India Flexi Cap Fund | 0.8% | 9.9% | 7.5% | 14.4% | 6.0% | 8.3% | 0.85% | 17/50 |
| 26 | Shriram Flexi Cap Fund | -3.2% | 6.1% | 6.8% | — | 5.0% | 4.6% | 1.04% | 11/50 |
| 27 | UTI - Flexi Cap Fund. | -2.2% | 7.3% | 4.1% | 11.7% | 3.3% | 5.9% | 1.16% | 2/50 |
| — | 360 ONE Flexicap Fund | 10.1% | 16.7% | — | — | — | — | 0.92% | — |
| — | Bajaj Finserv Flexi Cap Fund | 5.6% | 15.9% | — | — | — | — | 0.98% | — |
| — | Baroda BNP Paribas Flexi Cap Fund | 2.4% | 11.3% | — | — | — | — | 1.30% | 15/15 |
| — | Helios Flexi Cap Fund | 3.6% | — | — | — | — | — | 0.85% | — |
| — | ITI Flexi Cap Fund | 13.0% | 18.0% | — | — | — | — | 0.91% | — |
| — | Invesco India Flexi Cap Fund | 0.4% | 16.4% | — | — | — | — | 0.86% | 21/21 |
| — | Mirae Asset Flexi Cap Fund | 2.2% | 11.5% | — | — | — | — | 0.76% | — |
| — | NJ Flexi Cap Fund | -4.4% | 9.0% | — | — | — | — | 0.87% | — |
| — | Sundaram Flexicap Fund | -5.3% | 7.8% | — | — | — | — | 0.87% | 5/14 |
| — | WhiteOak Capital Flexi Cap Fund | 2.8% | 13.7% | — | — | — | — | 0.83% | 15/15 |
Direct plans, Growth option, to 30 Sep 2026. Funds that closed or merged are not in AMFI's current list, so the category looks a little better than investors actually did (survivorship). Returns are yearly (CAGR) from AMFI month-end NAVs of the Growth option. An index's return is measured through a low-cost index fund's direct plan, so it is a little below the index itself. Past returns do not tell you what a fund will do next, and this is not a recommendation to buy or sell any fund. Other categories: all mutual fund categories.
How many flexi cap funds beat the Nifty 500?
21 of the 27 funds with 5 years of history beat the Nifty 500 index (through a low-cost index fund) over 5 years. Compare any one fund with its index over every 3-year stretch on the mutual fund vs index fund page.
Key takeaways
Frequently asked questions
Which flexi cap fund has given the highest returns?
Over the 5 years to 30 Sep 2026, Bank Of India Flexi Cap Fund (direct plan) at 16.4% a year. Past returns do not predict future ones.
What is the average return of flexi cap funds?
The median direct plan returned 10.1% a year over 5 years to 30 Sep 2026.
Do flexi cap funds beat the index?
21 of 27 did over 5 years, before tax; an index fund is the low-cost alternative.