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5 Best Flexi Cap Mutual Funds Ranked By CRISIL

PGIM India Flexi Cap Fund

PGIM India Flexi Cap Fund Direct-Growth is a PGIM India Mutual Fund Multi-Cap mutual fund scheme. The assets under management (AUM) of PGIM India Flexi Cap Fund Direct-Growth is $1,689 crores. The fund’s expense ratio is 0.3 percent, which is lower than the expense ratios charged by most other Multi Cap funds.

The 1-year returns on PGIM India Flexi Cap Fund Direct-Growth are 67.76 percent. It has had an average yearly return of 17.09 percent since its inception. The Technology, Healthcare, Financial, Construction, and Chemicals sectors account for the majority of the fund’s holdings. To begin a SIP in this fund, a minimum monthly commitment of Rs 1000 is required.

The fund is ranked number 1 by CRISIL rating agency.

UTI Flexicap

UTI Mutual Fund’s UTI Flexi Cap Fund Direct-Growth is a Multi Cap mutual fund program. UTI Flexi Cap Fund Direct-Growth manages assets of Rs. 20,922 crores (AUM). The fund’s expense ratio is 1.19 percent, which is higher than the expense ratios charged by most other Multi Cap funds.

The 1-year returns on UTI Flexi Cap Fund Direct-Growth are 61.66 percent. It has had an average yearly return of 17.57 percent since its inception. The fund’s top 5 holdings are in Bajaj Finance Ltd., HDFC Bank Ltd., Larsen & Toubro Infotech Ltd., Kotak Mahindra Bank Ltd., Housing Development Finance Corpn. Ltd.

The fund is benchmarked against Nifty 500 TRI. The NAV of UTI Flexi Cap Fund for Aug 10, 2021 is 255.33.

The fund is ranked number 1 by CRISIL rating agency.

Canara Robeco Flexi Cap Fund

Canara Robeco Flexi Cap Fund Direct-Growth is a Canara Robeco Mutual Fund Multi-Cap mutual fund plan. Canara Robeco Flexi Cap Fund Direct-Growth manages a total of 5,185 crores in assets (AUM). The fund’s expense ratio is 0.6 percent, which is lower than the expense ratios charged by most other Multi Cap funds.

Canara Robeco Flexi Cap Fund Direct-Growth returns have been 50.30 percent during the last year. It has returned an average of 15.70 percent every year since its inception. The portfolio of the Scheme is made up of 46 securities, with the top ten underlying securities accounting for 51% of the net assets.

The fund is ranked number 2 by CRISIL rating agency.

DSP Flexi Cap Fund

DSP Mutual Fund’s DSP Flexi Cap Fund Direct Plan-Growth is a Multi Cap mutual fund strategy. DSP Flexi Cap Fund Direct Plan-Growth manages a total of 5,985 crores in assets (AUM). The fund’s expense ratio is 0.94 percent, which is comparable to the expense ratios charged by most other Multi Cap funds.

DSP Flexi Cap Fund Direct Plan’s 1-year growth returns are 58.78 percent. It has had an average yearly return of 16.57 percent since its inception. The financial, construction, technology, automobile, and chemical industries account for the majority of the fund’s holdings. The NAV of DSP Flexi Cap Fund for Aug 10, 2021 is 68.07. ICICI Bank Ltd., HDFC Bank Ltd., Infosys Ltd., Ultratech Cement Ltd., and Bajaj Finance Ltd. are among the companies in which the DSP Flexi Cap Fund has placed the majority of its money.

The fund is ranked number 2 by CRISIL rating agency.

Union Flexi Cap

Union Mutual Fund’s Union Flexi Cap Fund-Growth is a Multi Cap mutual fund plan. Union Flexi Cap Fund-Growth manages assets worth a total of 645 crores (AUM). The fund’s expense ratio is 2.51%, which is greater than the expense ratios charged by most other Multi Cap funds.

Union Flexi Cap Fund’s 1-year growth returns are 53.86 percent. It has returned an average of 11.94 percent per year since its inception. The financial, technology, healthcare, automobile, and services sectors account for the majority of the fund’s holdings.

HDFC Bank Ltd., Infosys Ltd., ICICI Bank Ltd., Reliance Industries Ltd., and Muthoot Finance Ltd. are the fund’s top five holdings. Union Flexi Cap Fund’s NAV on August 10, 2021 is 31.51.

In line with the broader markets, pharma stocks have done reasonably well. The advent of Covid last year, has led to a select surge in pharma stocks, as healthcare is back in the limelight. Here are 2 pharma stocks that can generate good returns for investors according to broking firm, Emkay Global.

Lupin Ltd

Emkay Global has set a price target of Rs 1,300 on the stock of Lupin, which signifies a nearly 30% upside on the stock from its current market price of Rs 997.

Double-digit revenue growth guidance was maintained but margin guidance was lowered to 17- 18% in H2FY22 vs. 19-20% for FY22, Emkay Global has said.

“The US business was marred by price erosion in key products such as Famotidine, L-thyroxine and Metformin, failure to supply penalty related to Albuterol and transitioning to long-term contracts for Albuterol,” the brokerage has said.

Adjusted for one-time licensing fees, revenue/EBITDA/PAT missed Emkay’s estimates by 10%, 32% and 37%. The revenue miss was largely driven by substantial miss in the US revenue. EBITDA miss was driven by lower-than-expected GM and higher employee costs, offset by lower operational expenditure.

“We reiterate our Buy rating on the stock but cut our target price of Rs 1,300 from Rs 1,325 as we modestly lower our earnings estimates for FY22/23/24 to reflect the Q1 miss, leading to a lower US revenue base,” Emkay Global has said.

Cadila Healthcare

Emkay Global has set a target price of Rs 600 on the stock of Cadila Healthcare in the next 1-year, which is higher than the current market price of Rs 544.

“The management sounded confident of selling its limited vaccine supply (10-12mn/month) in the domestic market. We believe vaccine uptake beyond FY22 could be minimal. Hence, we reduce vaccine-related upside to Rs10 per share from Rs 50 per share.

Management reaffirmed the US launch expectation of 30+ products but expects low-single digit growth in FY22. Similarly, US growth in FY23 is also expected to be subdued. Growth in the US business will be driven by complex injectables and transdermal products,” the brokerage has said.

The management of Cadila expects US revenue growth in low-single digits in FY22. “While the company plans to launch 30 plus products in the US, generic entry into Asacol may keep the growth in check. Management is expecting 1-2 additional generic entries in Asacol. Even for FY23, US growth is expected to be muted. US growth is expected to pick up once inejctables and transdermal products are commercialized. We estimate a mid-single digit decline in FY22 and flat US revenue in FY23 as the basket of in-licensed products (24 in total, of which 5 will be monetized in FY23) might offset the decline in Asacol,” Emkay has said.

“We maintain Hold rating but reduce our target price to Rs 600 from Rs 640 as we lower the Covid vaccine upside. Our FY23/24E headline numbers are revised down meaningfully as we remove vaccine upside, but our core earnings estimates are maintained,” the brokerage has added.

Disclaimer

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage houses are not liable for any losses caused as a result of decisions based on the article.