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.
One of India’s youngest mutual fund houses, Samco believes in active fund management. Its strategy is to embrace risk. But Mehta, the firm’s chief investment officer, says the fund house has enough built-in mechanisms to predict and avoid volatility.
At present there are around 35 schemes in the flexi cap category. Out of 35 schemes, 19 schemes have increased their allocation in mid cap stocks and 26 schemes increased their allocation in small cap stocks. Around 24 flexi cap schemes have reduced their allocation in large cap stocks.
India’s tightly regulated and highly competitive mutual funds market is dominated by large established players. But a bunch of new fund houses is looking to disrupt the space that is already riding high on technology, innovation and digitisation