Flexi cap funds gave an average return of 4.55% in the January - March quarter of 2024. There were around 38 schemes in the market during the said period.
The investment objective of the scheme is to generate long term capital appreciation by investing in equity and equity-related instruments across market capitalizations. The performance of the scheme will be benchmarked against Nifty 500 TRI. The scheme will be managed by Dhaval Patel.
NJ Flexi Cap Fund, Union Innovation & Opportunities Fund, HDFC Nifty 1D Rate Liquid ETF, Shriram Multi Asset Allocation Fund, and Bandhan Nifty IT Index Fund will open for subscription this week.