Independent Research on Mutual Funds, Stocks & IPOs for Indian Investors

A data driven ranking of 32 direct growth flexi cap schemes, based on fund data last updated 21 June 2026 Flexi cap funds remain one of the most popular equity categories among Indian investors, prized for the freedom they give fund managers to move money between large, mid, and small cap stocks as opportunities shift. SEBI requires these schemes to hold at least 65% of assets in equity and equity related instruments, but places no capwise restriction beyond that, unlike mult

Multi cap mutual funds are open-ended equity schemes mandated by SEBI to invest across all three market cap segments simultaneously, with a minimum of 25% in each of large-cap, mid-cap, and small-cap companies. This structural mandate is what distinguishes multi cap from flexi cap funds, which have no such floors. The multi cap category was redefined in November 2020 when SEBI separated it from flexi cap and mandated genuine diversification. The 25-25-25 rule forces fund mana

Published: 24-March-2026 Data as of: 14-Feb-2026 Mid cap mutual funds invest a minimum of 65% of their total assets in equity and equity-related instruments of mid cap companies, defined by SEBI as companies ranked 101st to 250th by market capitalisation. They occupy a compelling middle ground in the Indian equity universe, offering higher growth potential than large caps and somewhat more stability than small caps. Unlike large cap funds, which offer relative stability but l

The following tables rank the top 10 large cap mutual funds across four time horizons: Since Inception, 10-Year, 5-Year, and 3-Year CAGR returns.