Latest news with #Flexi
Time of India
3 days ago
- Business
- Time of India
Consistent performers: Over 40 equity mutual funds offer over 15% CAGR in 3, 5, 7 and 10 year horizons
A recent analysis by ET Mutual Funds reveals that nearly 41 equity mutual funds have consistently delivered over 15% CAGR across the last three, five, seven, and ten years. Quant Mutual Fund leads with six such schemes, followed by several fund houses with three qualifying funds each. Edelweiss Mid Cap Fund stood out with impressive returns across all timeframes. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Nearly 41 equity mutual funds have delivered over 15% CAGR over the last three, five, seven, and 10 years, according to a data analysis by ET Mutual Funds . Of the total, around 156 funds have completed 10 years of existence in the analysis showed that the maximum number of such funds came from Quant Mutual Fund , with six of its schemes generating over 15% CAGR across all four time horizons. This was followed by five fund houses, each with three qualifying mid-cap and small-cap funds from Axis Mutual Fund delivered over 15% CAGR across the three-, five-, seven-, and 10-year periods. Similarly, DSP ELSS Tax Saver Fund and DSP Small Cap Fund also exceeded the 15% CAGR mark in all four time frames. Edelweiss Mid Cap Fund stood out with returns of 26.39%, 31.28%, 19.94%, and 17.42% over the last three, five, seven, and 10 years, three funds from HDFC Mutual Fund that featured in the list of funds delivering over 15% CAGR across all the mentioned time horizons were HDFC Flexi Cap Fund, HDFC Mid Cap Fund, and HDFC Small Cap Prudential Large & Mid Cap Fund, ICICI Prudential Midcap Fund, and ICICI Prudential Smallcap Fund also managed to deliver more than 15% CAGR in all four three funds from Kotak Mutual Fund that made it to the list were Kotak Contra Fund, Kotak Midcap Fund, and Kotak Small Cap Fund. Nippon India Growth Mid Cap Fund and Nippon India Small Cap Fund also delivered over 15% CAGR in the last three, five, seven, and 10 years. Notably, Nippon India Small Cap Fund is the largest small-cap fund based on assets under management. Parag Parikh Flexi Cap Fund , the largest active and flexi cap fund based on assets managed, offered over 15% CAGR across all the mentioned six funds from Quant Mutual Fund that delivered more than 15% CAGR across all four horizons were Quant ELSS Tax Saver Fund, Quant Flexi Cap Fund, Quant Large & Mid Cap Fund, Quant Mid Cap Fund, Quant Multi Cap Fund, and Quant Small Cap Fund SBI Contra Fund, the largest and oldest contra fund, delivered CAGR returns of 22.61%, 31.28%, 19.45%, and 15.66% over the last three, five, seven, and 10 years, respectively. SBI Small Cap Fund and Tata Mid Cap Fund also featured in the list, offering over 15% CAGR in all four time the last three years, Invesco India Midcap Fund delivered the highest return of 29.77%, while Quant Multi Cap Fund posted the lowest at 15.35%. Over the last five years, Quant Small Cap Fund topped the chart with a CAGR of 40.63%, whereas 360 ONE Focused Fund gave the lowest return at 21.92% Small Cap Fund also led the seven-year category with a 25.91% CAGR, while Canara Robeco Large and Mid Cap Fund recorded the lowest CAGR at around 15.20%. In the 10-year horizon, Nippon India Small Cap Fund was the top performer, offering a 20.89% CAGR, while Kotak Contra Fund delivered the lowest at approximately 15% important to note that several funds offered over 15% CAGR in one, two, or three of the mentioned horizons but were excluded from the list, as only those consistently delivering over 15% CAGR across all four timeframes were analysis included all equity mutual funds, excluding sectoral and thematic funds. Only regular growth options were considered. CAGR was calculated for the last three, five, seven, and 10 This analysis is not a recommendation. It was conducted to identify consistent equity mutual fund performers offering over 15% CAGR across all four time horizons. Investors should not make investment or redemption decisions based solely on this consider your risk appetite, investment horizon, and financial goals before making any investment decisions.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
22-07-2025
- Business
- Economic Times
Can PPFAS Flexi Cap Fund handle Rs 1 lakh crore money? CEO Neil Parikh explains
PPFAS Mutual Fund addresses concerns about managing a large AUM, emphasizing that stock limits apply at the fund level, not the scheme level. One should always look at the fund-level Assets Under Management (AUM) and not the scheme-level AUM, as individual stock limits are applicable at the fund level, not at the scheme level, said Neil Parikh, Chairman and CEO of PPFAS Mutual Fund, while responding to questions on how the fund will handle a large AUM and whether they can continue delivering the same kind of CEO posted on social media platform X that, 'How will they handle such a large AUM? Look at fund level AUM and not scheme level AUM as individual stock limits are at fund level, not scheme. So the best stock idea can have good allocation in one scheme instead of allocating the same idea in multiple schemes- basically dilute your best idea with multiple equity schemes. Our overall equity AUM is still less than 5% market share of total MF equity AUM. So this is not a concern. What will change is that there will be a longer tail of small cap stocks so the number of stocks may increase over time. Can they continue delivering the same kind of returns with all this new money? - Only time will tell' How will they handle such a large AUM? - look at fund level AUM and not scheme level AUM as individual stock limits are at fund level, not scheme. So the best stock idea can have good allocation in one scheme instead of allocating the same idea in multiple schemes- basically… — NEIL PARIKH (@npparikh6) July 21, 2025 Also Read | MF Tracker: Will Invesco India PSU Equity Fund shine again after topping 3-year charts? Neil believes that the fund house's best stock ideas can be given adequate allocation in a single scheme, rather than spreading the same idea across multiple schemes—essentially diluting it with several equity fund house also pointed out that its overall equity AUM remains under 5% of the total equity AUM of the mutual fund industry, indicating there is still significant room to grow and that this is not a CEO added that what will change is the inclusion of more small-cap stocks, leading to a higher number of holdings over time. As for whether the fund house can continue to deliver the same level of returns with this new influx of money, the response was: only time will tell. This post by Neil Parikh came in response to a concern raised by an investor who has been investing in the PPFAS Flexi Cap Fund for the past five to six years. In response to another query regarding SEBI's new categorisation and rationalisation norms and whether PPFAS would consider launching a second scheme in the same category, Neil said, 'We will continue with one fund… not in favor of adding more complexities.'When asked how much the US exposure helped the Flexi Cap Fund, Parikh explained that foreign exposure helps lower portfolio volatility and provides downside protection. 'Overseas portfolio returns have been similar to or slightly lower than the Indian portfolio since inception,' he added. Also Read | Mutual funds slashes cash allocation by Rs 13,000 crore in June; PPFAS and Quant MF join trend In May, the CEO informed the investors that the fund has crossed Rs 1 lakh AUM and is the first actively managed scheme to do so in India. Based on the last available portfolio (June 2025), it had an AUM of Rs 1.10 lakh crore from Rs 1.03 lakh crore in May. According to June data, PPFAS Mutual Fund had Rs 23,598 crore cash in its kitty which was 21.62% of the total AUM. The fund house had an equity AUM of Rs 93,171 crore. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
14-07-2025
- Business
- Time of India
Best flexi cap mutual funds to invest in July 2025
Many mutual fund investors, especially the new and inexperienced investors, are extremely concerned about the current volatility and uncertainties in the market. They don't know whether to bet on the large caps or mid cap or some others. Also, they wonder how they will know when to switch from one category to another when the market mood changes. Are you in the same boat? Here is an easy way out. You can consider investing in flexi cap mutual funds . Flexi cap mutual funds offer the fund managers the freedom to invest across market capitalisations and sectors/themes. It means the fund managers can invest anywhere based on his outlook on the market. Flexi cap schemes are typically recommended to moderate investors to create wealth over a long period of time. Ideally, one should invest in these schemes with an investment horizon of five to seven years. Also Read | Mutual fund NFOs: 3 new funds will open for subscription this week Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » As said earlier, these schemes have the freedom to invest anywhere depending on the view of the fund manager. For example, he or she might invest more in large cap stocks. Or in a bull market she might invest more in mid cap or small cap stocks. Investors should be extremely careful about this aspect. Investors should make sure that they are choosing a scheme that is in line with their risk appetite. For example, some flexi cap schemes may be more conservative than others. It is for you to identify the one that suits your temperament. If you are planning to invest in flexi cap funds, here are our recommendations. We will closely watch the performance of these schemes and update you about it every month. Live Events Aditya Birla Sun Life Flexi Cap Fund has been in the second quartile in the last four months. The scheme had been in the third quartile earlier. UTI Flexi Cap Fund has been in the fourth quartile for 26 months. Canara Robeco Flexi Cap Fund has been in the third quartile for 25 months. PGIM India Flexi Cap Fund has been in the fourth quartile for 17 months. HDFC Flexi Cap Fund has been in the first quartile in the last four months. Parag Parikh Flexi Cap Fund has been in the second quartile in the last two months. The scheme had been in the first quartile earlier. Best flexi cap schemes to invest in July 2025 Parag Parikh Flexi Cap Fund HDFC Flexi Cap Fund (new addition) UTI Flexi Cap Fund PGIM India Flexi Cap Fund Aditya Birla Sun Life Flexi Cap Fund SBI Flexi Cap Fund Canara Robeco Flexi Cap Fund Also Read | Groww introduces demat for mutual funds. What does it mean for investors? Here is our methodology: has employed the following parameters for shortlisting the equity mutual fund schemes. 1. Mean rolling returns: Rolled daily for the last three years. 2. Consistency in the last three years: Hurst Exponent, H is used for computing the consistency of a fund. The H exponent is a measure of randomness of NAV series of a fund. Funds with high H tend to exhibit low volatility compared to funds. The H exponent is a measure of randomness of NAV series of a fund. Funds with high H tend to exhibit low volatility compared to funds with low H. i) When H = 0.5, the series of returns is said to be a geometric Brownian time series. This type of time series is difficult to forecast. ii) When H is less than 0.5, the series is said to be mean reverting. iii) When H is greater than 0.5, the series is said to be persistent. The larger the value of H, the stronger is the trend of the series 3. Downside risk: We have considered only the negative returns given by the mutual fund scheme for this measure. X = Returns below zero Y = Sum of all squares of X Z = Y/number of days taken for computing the ratio Downside risk = Square root of Z 4. Outperformance: It is measured by Jensen's Alpha for the last three years. Jensen's Alpha shows the risk-adjusted return generated by a mutual fund scheme relative to the expected market return predicted by the Capital Asset Pricing Model (CAPM). Higher Alpha indicates that the portfolio performance has outstripped the returns predicted by the market. Average returns generated by the MF Scheme = [Risk Free Rate + Beta of the MF Scheme * {(Average return of the index - Risk Free Rate} 5. Asset size: For Equity funds, the threshold asset size is Rs 50 crore
Biz Bahrain
09-07-2025
- Business
- Biz Bahrain
Beyon Money Business and EazyPay Forge Strategic Partnership to Launch Co-Branded POS Solution for Bahrain's Merchants
Beyon Money Business, part of the Beyon Group, has signed a strategic partnership with Eazy Financial Services (EazyPay), a POS & online payment gateway acquirer and payment services provider in the Kingdom of Bahrain, licensed by the Central Bank of Bahrain. The collaboration will create a closed-loop payment ecosystem involving EazyPay, its merchants, and Beyon Money Business to launch a seamless and innovative payment experience for merchants across Bahrain. The agreement introduces a co-branded POS device that integrates Beyon Money Business's Flexi Wallet capabilities into EazyPay's trusted POS network. The solution enables merchants to accept a broad range of payment methods benefitting their customers with fast, secure, contactless payments. Supporting the POS device is a real-time, data-driven dashboard that empowers businesses with full visibility over their transactions. With a user-friendly interface and advanced analytics, merchants can monitor performance, track sales trends, and make informed decisions with greater agility. In addition to the smart payment features, the solution includes a streamlined onboarding and settlement process, allowing merchants to quickly get started and manage funds. The offering also presents a compelling value proposition for businesses by enabling faster settlement cycles, reducing reliance on traditional banking systems, and enhancing liquidity management. Merchants will also enjoy access to a daily earnings growth opportunity of up to 4.5% on their Flexi wallet balances, with the flexibility to withdraw funds at any time—transforming the POS from a transactional tool into a strategic financial asset. By aligning with Beyon Money Business, EazyPay reinforces its role as a key enabler in Bahrain's digital payments ecosystem and strengthens its position in the competitive fintech landscape. Commenting on the launch, Bruce Rayner CEO Beyon Money said: 'Our collaboration with EazyPay is a strategic step forward in enabling digital-first commerce for Bahrain's business sector. By combining our advanced wallet infrastructure with EazyPay's robust acquiring capabilities, we're offering merchants a future-ready solution that simplifies operations and enhances their bottom line.' Nayef Tawfiq Al Alawi, EazyPay Founder – MD & CE0 added: 'We are proud to partner with Beyon Money Business on this groundbreaking solution. It reflects our shared commitment to advancing Bahrain's fintech agenda and delivering high-impact services to the business community. Together, we're reshaping how merchants accept payments and manage financial operations.'
Daily Mirror
04-07-2025
- Business
- Daily Mirror
Passengers urged to check one thing as Ryanair increases bag limits
Europe's largest budget airline, Ryanair, is set to increase its free cabin baggage allowance this summer. While this will be a big bonus for Brits travelling light, passengers shouldn't be too hasty. At present, Ryanair allows a free personal bag measuring 40 x 25 x 20 cm. However, following a new agreement among European airlines to standardize a minimum cabin bag size, Ryanair will be increasing one of these dimensions. The allowed width will rise from 25 cm to 30 cm, making the new maximum size 40 x 30 x 20 cm. However, the airline has not yet announced the exact date the changes will take effect, so passengers should ensure their cabin bags still comply with the 40 x 25 x 20 cm limit for the time being, to avoid fees of up to £60 at check in. A spokesperson from Ryanair said: "Following the new EU minimum bag size of 40 x 30 x 15cm, Ryanair will increase its max 'personal bag' dimensions to 40 x 30 x 20cm, so that Ryanair's 'personal bag' allowance is bigger than the EU standard. "This change will be implemented over the coming weeks, as our airport bag sizers are adjusted." While the increased capacity will benefit Ryanair passengers jetting off this summer, the size is still less generous than rival budget airline Easyjet, which allows a free underseat bag of 45cm x 36cm x 20cm (including wheels and handles) weighing up to 10kg. Other UK airlines also offer more space to keep in-flight essentials close at hand. These include: British Airways - one cabin bag measuring 56 × 45 × 25 cm and weighing less than 23 kg plus one personal item measuring 40 × 30 × 15 cm easyJet - one under-seat bag measuring 45 × 36 × 20 cm and weighing less than 15 kg. Passengers with Flexi or EasyJet Plus/Speedy Boarding can add a large cabin bag measuring 56 × 45 × 25 cm. Jet2 - one under-seat bag measuring 40 × 30 × 15 cm plus one cabin bag measuring 56 × 45 × 25 cm, weighing up to 10 kg combined TUI Airways - one cabin bag measuring 55 × 40 × 20 cm and weighing less than 10 kg plus optional small under-seat item in some fare types Virgin Atlantic - one cabin bag measuring 56 × 36 × 23 cm plus one personal item, up to 10 kg total (16 kg for Upper‑Class second cabin bag) Wizz Air – one free personal item measuring 40 × 30 × 20 cm, up to 10 kg; plus one cabin bag measuring 55 × 40 × 23 cm, up to 10 kg, included only with WIZZ Priority For passengers who are jetting off before the new rules come into effect, travelling with the right size luggage can prevent oversized cabin bags being charged to go in the hold. Some of the best bags to keep you well within the limits include: Vankev Ryanair Cabin Bag A durable, TSA-friendly backpack for organised travellers, this carry on comes with a suitcase-style compartment, 14" laptop sleeve, multiple pockets and ergonomic straps that make it easier to carry. Buyers have praised the bag's spaciousness, compartments, versatility and comfort—calling it "perfect for short trips" and "a great underseat bag." However, some buyers noted concerns about flimsy material, stiff zippers and lack of padding for electronics. The backpack starts from £27.99 and is available in a choice of colours and sizes. Lossga This bag offers multiple pockets, a suitcase-like opening for easy airport checks, and padded straps for even weight distribution. It comes in a choice of colours, with prices starting from £16.89 on Amazon. Many buyers have praised its smart layout, ample compartments as well as the fact that it is "perfect size for Ryanair flights." However, some buyer complained about its cheap appearance and "zippers that break easily." Metz Underseat Bag This 20L hybrid bag can be used as a trolley or backpack, offering a suitcase-style opening and soft-sided design for flexible packing. Available in a choice of colours and designs, it can be snapped up for £30 at Next. Customers praise the well-designed, cabin-sized bag, noting its secure strap for wheeled cases and it's surprisingly roomy interior. Passengers who are looking to upgrade to Priority or 2 Cabin Bags tickets will also be able to carry one larger cabin bag measuring no more than 55cm x 40cm x 20cm and weighing less than 10kg. The Antler Single Stripe Cabin Suitcase fits the maximum Ryanair dimensions perfectly and comes with a well designed interior, super smooth wheels and a lifetime warranty. Available in a range of colours, the upscale cabin case range starts from £160. Elsewhere, the Stori Cabin Case from Nere is a good alternative to the Antler range, with designed looks and practical storage. Prices start from £99. For buyers who can't wait for delivery, Argos has a range of small and large cabin bags to choose from including the Rock Lisbon 8 Wheel Hard Coral Cabin Case, now half price at £30 and the it Luggage 28L Backpack with 2 Wheels, now £40.
