Mutual funds: These flexi caps gave more than 20 percent annualised return in past 5 years

What do you do when you think about investing in a mutual fund scheme and not sure if the scheme is worth investing? More often than not, investors look at the past returns and compare them with those of other schemes in the same category.

Typically, past returns do not guarantee future returns, but they certainly give an indication of how the scheme has been performed in the recent past and what return trajectory it may take in the near future. 

Here we list out the top performing flexi cap mutual funds which have delivered more than 20 percent annualised return in the past five years. This means if someone had invested ₹one lakh five years ago, the investment would have swelled to ₹2.48 lakh by now.

Flexi Cap Mutual Funds

Flexi cap mutual funds refer to schemes which have invested a minimum of 65 percent in equity and equity-related instruments. These schemes are flexible to invest in schemes across market capitalisation i.e., large cap, small cap and mid cap.

There are 40 flexi cap mutual fund schemes with total AUM (assets under management) of ₹4.94 lakh crore, shows the latest AMFI data as on June 30, 2025.

(Source: AMFI; returns as on July 21, 2025)

As one can see from the table above, HDFC flexi Cap fund gave 28.50 percent annualised return in the past five years, Franklin India Flexi Cap Fund has delivered 25.21 percent return and Bank of India Flexi Cap Fund delivered 27.16 percent return.

Meanwhile, it is important to mention here that the historical returns do not guarantee future returns. In other words, just because a scheme has delivered good returns in the past, it does not mean that it will surely deliver good returns in the future as well.

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