PPFAS Flexi Cap Fund Enters Rs 1-Lakh-Crore Club — Here Are The Industry Heavyweights
Looking at other flexi-cap schemes with a sizable AUM, HDFC flexi cap scheme follows with Rs 73,180 crore.
Be it by investing thematic funds for the rush of returns or through steady contributions toward staple schemes, investors have grown the assets under management of mutual fund schemes across the board.
Announcing such a milestone is PPFAS Mutual Fund, as their flexi cap scheme crossed Rs 1 lakh crore AUM on Thursday. The flexi cap fund has has been actively managed by fund managers Rajeev Thakkar, Raunak Onkar and Raj Mehta. The scheme has returned 19.04% since its inception in May 24, 2013, according to PPFAS.
Investments into the flexi cap category have been a staple for investors, as the category allows investments across large cap, mid-cap, small-cap stocks. Looking at other flexi-cap schemes with a sizable AUM, HDFC flexi cap scheme follows with Rs 73,180 crore.
In the same category, Kotak Flexi Cap Fund has an AUM of about Rs 50,536 crore. While funds from houses like UTI, Aditya Birla Sun Life and SBI crossed the Rs 20,000-crore mark.
In the broader industry, a couple schemes are a few thousand crores shy of the Rs 1 lakh-crore benchmark. Topping the list is HDFC Balanced Advantage fund, with an AUM of Rs 94,824 crore.
HDFC Mid-cap Opportunities Fund and SBI Equity Hybrid fund holds an AUM of Rs 72,610 crore and Rs 72,555 crore, respectively.
Closely behind these funds with over Rs 60,000 crore AUM are schemes like HDFC Flexi Cap Fund, ICICI Pru Bluechip Fund, ICICI Pru Balanced Advantage Fund and Kotak Equity Arbitrage Fund.
Nippon India Small Cap Fund and ICICI Pru Multi-Asset Fund have crossed the AUM mark of Rs 55,000 crore.
