JM Flexicap fund, one of the better-performing mutual funds in the market, was launched on January 2, 2013. Its NAV stood at Rs 120.04 on September 11, 2024. The fund size is Rs 4,228.3 crore. The expense ratio is 0.39% against a category average of 0.73%. On the risk-o-meter it gets a rank of “very high”.
Investors who are keen on inbuilt flexibility in investments in large, mid and small-cap stocks can invest in flexicap funds. This becomes especially significant in times of rise in volatility in equity markets. Volatility can happen at any time as in the current situation with overstretched valuations amid a liquidity-driven bull run.
JM Flexicap fund Lump sum returns
JM Flexicap fund has a track record of the following returns – Rs 10,000 invested in the fund 6 months ago would have generated Rs 12,526; 1 year ago would have fetched Rs 15,514; 2 years ago would have given Rs 19,937; 3 years ago would have returned Rs 21,647; 5 years ago would have produced Rs 35,653 and 10 years ago would have risen to Rs 59,071. If anyone had the fortune of investing Rs 10,000 on January 2, 2013, it would have risen to Rs 86,506 or 8.6 times in 11 years 9 months.
SIP returns
The SIP returns are equally impressive. An investment of Rs 1,000 a month would have generated Rs 15,519 in 1 year; Rs 38,506 in 2 years; Rs 64,435 in 3 years; Rs 1,40,445 in 5 years and Rs 4,17,128 in 10 years.
Portfolio, sectors
According to Value Research, as much as 98.49% of the money is invested in equities and 1.51% is in cash and cash equivalent. Going by the sector-wise holdings, the maximum funds are invested in industrials (20.56%), materials (16.48%), financial (15.45%), consumer discretionary (12.27%), technology (9.22%), healthcare (9.04%) and energy & utilities (8.97%).
Top stocks
The top stocks in which JM Flexicap fund has invested are L&T, REC, Dr Reddy’s Labs, HDFC Bank, Infosys, CESC, Tech Mahindra, ICICI Bank, Petronet LNG, Grasim, Vedanta, SBI, Deepak Fertilisers.
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The name flexicap indicates flexibility in investments and these funds are typically recommended for investment over 5 to 7 years. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
