Competition increases in flexi-cap funds category, shows data

The flexi-cap category, which was introduced in November 2020, has gained popularity in the short time it has been available. And, Samco Mutual Fund (MF) is  the latest entrant into the Rs 38.2 trillion industry, announcing the launch of its first new fund offer (NFO) “Samco Flexi Cap Fund”.

The net assets under management of the flexi-cap category ballooned from Rs 75,600 crore in January 2021 to Rs 2.14 trillion as of November 2021 becoming the biggest category among the equity funds.

Market participants say one of the main reasons why these funds have attracted such demand is