Best Flexi Cap Mutual Funds with Over 20% Returns in the Last 3 Years

Synopsis- Flexi Cap mutual funds have delivered strong returns by dynamically allocating across large, mid, and small cap stocks. This article highlights top performers with over 20% SIP XIRR in 3 years, outperforming the Nifty 500 TRI Index and offering solid long-term potential.

Introduction

Flexi Cap Mutual Funds have become one of the strongest investment vehicles towards long term wealth building. This is because the fund managers could take advantage of the best opportunities regardless of the market situation due to their capacity to invest in large, mid and small-cap stocks. In this article, we have identified the best performing Flexi Cap funds which have returned over 20% XIRR on SIP over the past 3 years and have been outperforming the market, making them great options in 2025.

1. Invesco India Flexi Cap Fund Direct Growth

• 3-Yr SIP XIRR: 26.54%
• Fund Size (AUM): ₹3,266 Cr
• Expense Ratio: 0.58%
• NAV: ₹20.14
• Minimum Lumpsum Investment: ₹1,000
• Minimum SIP Investment: ₹500
• Active multi-cap strategy and good mid cap selections have ensured that this fund has offered the best SIP XIRR in the last 3 years.

2. Motilal Oswal Flexi Cap Fund Direct Growth

• 3-Yr SIP XIRR: 25.87%
• Fund Size (AUM): ₹13,893 Cr
• Expense Ratio: 0.86%
• NAV: ₹67.78
• Minimum Lumpsum Investment: ₹500
• Minimum SIP Investment: ₹500
• The fund is also known to have a concentrated style of investing and a long-term wealth building process, and has been exhibiting fairly high alpha generation in flexi caps.

3. HDFC Flexi Cap Fund Direct Growth

• 3-Yr SIP XIRR: 22.84%
• Fund Size (AUM): ₹79,584 Cr
• Expense Ratio: 0.72%
• NAV: ₹2,159.53
• Minimum Lumpsum Investment: ₹100
• Minimum SIP Investment: ₹100
• This famous fund of Flexi Cap category has been successful to secure its spot in the top 3 with considerably good returns and with a justifiable expense ratio.

4. Bank of India Flexi Cap Fund Direct Growth

• 3-Yr SIP XIRR: 22.07%
• Fund Size (AUM): ₹2,208 Cr
• Expense Ratio: 0.53%
• NAV: ₹37.09
• Minimum Lumpsum Investment: ₹5,000
• Minimum SIP Investment: ₹1,000
• Comparatively a smaller AUM, this fund has a steady record of returns with lower expenses ratio and strong risk-adjusted returns.

5. WhiteOak Capital Flexi Cap Fund Direct Growth

• 3-Yr SIP XIRR: 21.87%
• Fund Size (AUM): ₹5,446 Cr
• Expense Ratio: 0.43%
• NAV: ₹18.08
• Minimum Lumpsum Investment: ₹500
• Minimum SIP Investment: ₹100
• This fund has one of the least expensive ratio tracts in the category and targets quality growth business over different sectors and market caps.

6. Parag Parikh Flexi Cap Fund Direct Growth

• 3-Yr SIP XIRR: 21.86%
• Fund Size (AUM): ₹1,10,392 Cr
• Expense Ratio: 0.63%
• NAV: ₹92.06
• Minimum Lumpsum Investment: ₹1,000
• Minimum SIP Investment: ₹1,000
• One of the oldest flexi cap funds by Parag Parikh has outperformed its index and is one of the favourites of investors.

Also read: Top 4 Midcap Mutual Funds with Highest AUM – See Which One Gave the Best SIP Returns in 2025

7. HSBC Flexi Cap Fund Direct Growth

• 3-Yr SIP XIRR: 20.74%
• Fund Size (AUM): ₹5,169 Cr
• Expense Ratio: 1.18%
• NAV: ₹242.63
• Minimum Lumpsum Investment: ₹5,000
• Minimum SIP Investment: ₹500
• This Fund has the highest expense ratio in the category but has given returns over 20% 3 year XIRR.

8. JM Flexi Cap Fund Direct Growth

• 3-Yr SIP XIRR: 20.62%
• Fund Size (AUM): ₹6,143 Cr
• Expense Ratio: 0.53%
• NAV: ₹109.67
• Minimum Lumpsum Investment: ₹1,000
• Minimum SIP Investment: ₹100
• This fund with a small exposure to debt, has been successful in outperforming the market index with a lower expense ratio.

Flexi Cap Funds are compared against NIFTY 500 TRI Index which gave a 3-Yr SIP XIRR of 17.47%.

Table showing Best performing Flexi cap funds over last 3 years in 2025

Why Flexi Cap funds?

Flexi Cap Funds enables the fund managers freedom to invest in all size companies such as mid, large or small. This allows for:

• Diversification: Exposure of various market caps lowers the risk.
• Dynamic Allocation: Fund managers are able to change allocation according to the market opportunities.
• Potential of Long Term Growth: By adopting a balanced measure, it is easy to achieve steady returns.
• Applicable to All Investors: The flexi cap funds provide a combination of risk and growth.
• Ideal for SIPs: Their structure is beneficial to long term investors.

Final Thoughts

Flexi Cap funds is a good option that will satisfy investors who are in need of a balanced actively managed equity approach. In addition to offering high 3 year SIP returns, the above-mentioned funds have also been found with reasonable expense ratio and healthy AUM. As a new or an old investor, it is always beneficial to reserve a section of your portfolio to Flexi Cap funds to improve diversification and create continuous wealth.

Written by Prajwal Hegde