Know the names of these flexi cap funds with higher returns and less risk than FD, they will give huge profits
Flexi Cap Fund: If you want more returns than FDs and do not have much knowledge of the stock market, then you still have such an option through which you can fulfill your wish. By investing in mutual funds, you can get higher returns than fixed deposits. In mutual funds, you get the option of a flexi cap fund, through which you can get maximum returns even at low risk.
What are Flexi Cap Funds
Flexi Cap Fund is an equity mutual fund with a flexible investment strategy. In this fund, the fund manager can invest in smallcap, midcap or largecap as per his/her choice.
Gives great returns in the long term
Where you are not getting more than 7-8 per cent returns in FDs, there are funds where you have got annual returns of up to 30 per cent and these funds have given excellent returns even in the corona period.
Invest money for long term through SIP
You can get maximum benefit by investing for at least 5 years through SIP (Systematic Investment Plan) instead of investing money all at once.
Know tax liability
If you redeem a mutual fund in less than 12 months, then the earnings on it will be taxed as short-term capital gains at the rate of 15 per cent. If you invest more than 12 months, you will have to pay 10 percent tax on the income earned on mutual funds as per long term capital gains tax.
Know the names of these Flexi Funds which have given excellent returns in the last 1 year
HDFC Flexi Cap Fund has given a good return of 19.64 per cent in the last one year.
CANARA Robeco Flexi Fund has given excellent returns of up to 20.48 per cent in the last one year.
SBI Focused Flexi Cap Fund has given a strong return of 23.32 percent in the last one year.
Parag Parikh Flexi Cap Fund has given excellent returns of 27.87 per cent in the last one year.
BOI AXA Flexi Cap Fund has given a stellar return of 31.65 per cent in the last one year.