Flexicap schemes find favour among investors amid broad market rally

Category now second biggest after large-cap funds

The newly-created flexicap category is gaining popularity among investors. The data from Association of Mutual Funds in India (Amfi) shows that that equity scheme category has received net inflows of over Rs 2,700 crore in the past three months.

Market participants say that investors are using flexicap schemes to spread their bets across the investing universe as the rally has become more broad-based.

“Flexi cap is the most attractive category in the equity segment. Investors who want an exposure to the broader markets are looking at flexi cap funds. Fund managers have a freedom to invest across market capitalization depending