After the changes in multicap mutual funds rules, Flexicap mutual funds have been on the rise. Experts are suggesting making Flexicap funds a core part of investors’ investment portfolios. This fund allows a fund manager to put a minimum of 65% of assets into equities with the freedom to invest remaining assets across other market capitalisation.
Money9 Helpline hosted Surya Bhatia, CFP to resolve queries related to investment in Flexicap funds
Edited excerpts:
Bhatia: This is a new fund so there is no track record of its performance. Though its CIO, fund managers, and current performance performing well now as it has generated 10,000 crores. But I would suggest that if you already have funds in funds in this category and it is showing a fair performance, then go for existing funds.
Bhatia: There are good options in Flexi caps where you can invest. PGIM Flexi cap has a good track record and is performing well. DST Flexi cap, UTI Flexi cap are also good options. They have a track record of 5 years, So you can prefer these funds.
Tips to save IPO listing gains tax!
Don’t want to pay more TDS ? Which tax regime should you choose?
Consider these 9 things before investing in mutual funds!
Behavioural biases that damage your investments!
Is there an investment opportunity in PSP Projects shares?