Top 5 best-performing flexi-cap mutual funds over 10 years

Flexi-cap funds are open-ended equity funds that offer flexibility in investing across large-cap, mid-cap and small-cap stocks. This broad mandate enables fund managers to adjust allocations as needed, potentially enhancing returns and mitigating risk across different market cycles. 

Over a long horizon, like ten years, this flexibility can translate into robust performance. As of July 2025, several flexi-cap schemes have delivered stellar 10-year returns, far outpacing the broader market and their category peers.

Top five Flexi-cap mutual funds (last 10 years)

1. Quant Flexi Cap Fund – Direct Plan (19.99 per cent CAGR) 
2. Parag Parikh Flexi Cap Fund – Direct Plan (18.50 per cent CAGR)
3. JM Flexi Cap Fund – Direct Plan (17.09 per cent CAGR)
4. HDFC Flexi Cap Fund – Direct Plan (16.27 per cent CAGR)
5. Edelweiss Flexi Cap Fund – Direct Plan (15.87 per cent CAGR)

Long-term outperformance and insights

All of these top performers have significantly outpaced the broader equity market and their respective category averages over the past decade. For context, the Nifty 500 TRI (a broad market index) has delivered a roughly 12–13 per cent CAGR over the past decade. 

It’s notable that the list includes both Parag Parikh Flexi Cap, the category’s largest fund by AUM. This suggests that fund size alone is not a hindrance to performance – nimble strategies can thrive alongside large funds. 

The last word

Flexi-cap funds have demonstrated their value as wealth creators over the past decade. The top five performers delivered 10-year returns in the 16–20 per cent range, well above inflation and broad market growth. Such long-term outperformance underscores the benefit of an unconstrained multi-cap investment mandate and skilled fund management. 

While investors should remember that past performance is not a guarantee of future results, and even the best funds can experience fluctuations, the flexi-cap winners of the last decade illustrate the kind of growth potential that a good equity fund can achieve over time in the market and with a flexible strategy.

Also Read - Top-performing large-cap mutual funds

Disclaimer: This is not a fund recommendation. This story was created with the assistance of artificial intelligence and has been reviewed by human experts for accuracy and is intended for informational purposes only. Please take it with a grain of salt and conduct your own research or consult a financial advisor before making any investment decisions.