Top-rated flexi cap funds: November 2026

The 9 flexi cap schemes rated A+ or A on their track record this month, out of 36 rated Regular plans: why each one rates well, what changed since last month, and how much they overlap. Data as of 11 Nov 2026.

Each fund is compared only with other flexi cap funds of the same plan type: return over the Nifty 500 total-return index, how consistently it was earned, risk, cost and portfolio. How the ratings work.

1. ITI Flexi Cap Fund

ITI Mutual Fund · AUM ₹1,620 cr · 3.7 years

Regular A+ · #1 of 36 · expense ratio 2.31% · Direct A+ · #1 of 36 · expense ratio 0.90%

Returned 18.2% a year over 3 years (Regular plan), +5.9% a year against the Nifty 500 total-return index; the median fund: +0.3%.
In falling months it fell 102% as much as the index (median fund: 95%).
Its deepest fall in the last 3 years was 22.0% (median fund: 18.8%).
Holds 81 stocks; the top 10 are 26% of the portfolio, the largest sector Banks (16%).

A short record: 3.7 years. Ratings on short records change more.

2. Invesco India Flexi Cap Fund

Invesco Mutual Fund · AUM ₹5,487 cr · 4.7 years

Regular A+ · #2 of 36 · expense ratio 2.08% · Direct A+ · #2 of 36 · expense ratio 0.87%

Returned 16.8% a year over 3 years (Regular plan), +4.5% a year against the Nifty 500 total-return index; the median fund: +0.3%.
In falling months it fell 108% as much as the index (median fund: 95%).
Its deepest fall in the last 3 years was 19.6% (median fund: 18.8%).
Holds 71 stocks; the top 10 are 32% of the portfolio, the largest sector Banks (12%).

A short record: 4.7 years. Ratings on short records change more.

3. Taurus Flexi Cap Fund

Taurus Mutual Fund · AUM ₹374 cr · 13.9 years

Regular A · #3 of 36 · expense ratio 2.72% · Direct A · #4 of 36 · expense ratio 2.66%

Returned 13.5% a year over 3 years (Regular plan), +1.1% a year against the Nifty 500 total-return index; the median fund: +0.3%.
Ahead of the Nifty 500 total-return index in 12% of rolling 3-year periods (median fund: 24%).
In falling months it fell 104% as much as the index (median fund: 95%).
Its deepest fall in the last 3 years was 21.0% (median fund: 18.8%).

4. Bajaj Finserv Flexi Cap Fund (B last month)

Bajaj Finserv Mutual Fund · AUM ₹8,779 cr · 3.2 years

Regular A · #4 of 36 · expense ratio 2.24% · Direct A · #3 of 36 · expense ratio 1.02%

Returned 16.2% a year over 3 years (Regular plan), +3.8% a year against the Nifty 500 total-return index; the median fund: +0.3%.
In falling months it fell 95% as much as the index (median fund: 95%).
Its deepest fall in the last 3 years was 18.0% (median fund: 18.8%).
Holds 67 stocks; the top 10 are 34% of the portfolio, the largest sector Banks (20%).

A short record: 3.2 years. Ratings on short records change more.

5. Quant Flexi Cap Fund (A+ last month)

quant Mutual Fund · AUM ₹7,191 cr · 13.8 years

Regular A · #6 of 36 · expense ratio 2.10% · Direct A · #5 of 36 · expense ratio 1.12%

Returned 14.8% a year over 3 years (Regular plan), +2.5% a year against the Nifty 500 total-return index; the median fund: +0.3%.
Ahead of the Nifty 500 total-return index in 87% of rolling 3-year periods (median fund: 24%).
In falling months it fell 111% as much as the index (median fund: 95%).
Its deepest fall in the last 3 years was 25.1% (median fund: 18.8%).
Holds 29 stocks; the top 10 are 60% of the portfolio, the largest sector Power (21%).

6. HSBC Flexi Cap Fund (A+ last month)

HSBC Mutual Fund · AUM ₹5,611 cr · 13.9 years

Regular A · #5 of 36 · expense ratio 2.07% · Direct A · #7 of 36 · expense ratio 1.28%

Returned 16.0% a year over 3 years (Regular plan), +3.7% a year against the Nifty 500 total-return index; the median fund: +0.3%.
Ahead of the Nifty 500 total-return index in 91% of rolling 3-year periods (median fund: 24%).
In falling months it fell 105% as much as the index (median fund: 95%).
Its deepest fall in the last 3 years was 20.7% (median fund: 18.8%).

7. 360 ONE Flexicap Fund (A+ last month)

360 ONE Mutual Fund · AUM ₹2,197 cr · 3.4 years

Regular A · #7 of 36 · expense ratio 2.33% · Direct A · #6 of 36 · expense ratio 0.89%

Returned 16.6% a year over 3 years (Regular plan), +4.3% a year against the Nifty 500 total-return index; the median fund: +0.3%.
In falling months it fell 95% as much as the index (median fund: 95%).
Its deepest fall in the last 3 years was 18.8% (median fund: 18.8%).
Holds 58 stocks; the top 10 are 34% of the portfolio, the largest sector Banks (15%).

A short record: 3.4 years. Ratings on short records change more.

8. Bank Of India Flexi Cap Fund (A+ last month)

Bank of India Mutual Fund · AUM ₹3,134 cr · 6.4 years

Regular A · #8 of 36 · expense ratio 2.28% · Direct A · #8 of 36 · expense ratio 0.90%

Returned 17.5% a year over 3 years (Regular plan), +5.1% a year against the Nifty 500 total-return index; the median fund: +0.3%.
Ahead of the Nifty 500 total-return index in 100% of rolling 3-year periods (median fund: 24%).
In falling months it fell 100% as much as the index (median fund: 95%).
Its deepest fall in the last 3 years was 24.0% (median fund: 18.8%).
Holds 64 stocks; the top 10 are 30% of the portfolio, the largest sector Banks (14%).

9. Motilal Oswal Flexi Cap Fund

Motilal Oswal Mutual Fund · AUM ₹13,219 cr · 12.5 years

Regular A · #9 of 36 · expense ratio 1.97% · Direct A · #9 of 36 · expense ratio 1.14%

Returned 17.3% a year over 3 years (Regular plan), +4.9% a year against the Nifty 500 total-return index; the median fund: +0.3%.
Ahead of the Nifty 500 total-return index in 73% of rolling 3-year periods (median fund: 24%).
In falling months it fell 90% as much as the index (median fund: 95%).
Its deepest fall in the last 3 years was 22.4% (median fund: 18.8%).
Holds 31 stocks; the top 10 are 48% of the portfolio, the largest sector Electrical Equipment (16%).

What changed since last month

Joined the shortlist

Bajaj Finserv Flexi Cap Fund: B → A

Left the shortlist

JM Flexi Cap Fund: A → B
LIC MF Flexi Cap Fund: A → B

Regular plans; ratings are revised on the 11th and 16th of each month, after fund houses publish their portfolios. Each fund's page explains its own change.

Holding two of them? Check the overlap

The share of their portfolios two funds hold in common (portfolios of October 2026). Above about half, two funds are close to one bet.

Funds	Overlap
Invesco India Flexi Cap Fund + Motilal Oswal Flexi Cap Fund	15%

Check the overlap of your own funds

Which of these suits you?

That depends on your goal, your other funds and how much overlap you hold. Tell us what you have and we'll look at it with you.

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All 92 flexi cap plans, with every rating · Other categories

Common questions

Which flexi cap funds are rated A+ in November 2026?

Among Regular plans: ITI Flexi Cap Fund, Invesco India Flexi Cap Fund. 9 schemes are rated A+ or A in at least one plan. Ratings compare each fund with its own category and plan type, on its record against the Nifty 500 total-return index.

Is the top-rated flexi cap fund the best one to invest in?

Not necessarily. The rating describes the track record so far: return over the index, how consistently it was earned, risk, cost and portfolio. Our own backtest found that top ratings did not reliably predict the next three years. Use the shortlist to avoid weak records, then choose for your goal, the funds you already hold, and how much overlap you can accept.

Direct plan or Regular plan?

The same portfolio. A Direct plan has no distributor commission, so its expense ratio is lower and its return slightly higher. A Regular plan pays a distributor such as us, through the expense ratio, for advice and service. Plans are rated separately: Regular against Regular, Direct against Direct.

How often does this list change?

Returns update every weekday, but ratings change twice a month: on the 11th and the 16th, after fund houses publish their monthly portfolios.

Ratings describe past track records and are not a recommendation to buy or sell, or a forecast. Mutual fund investments are subject to market risks; read the scheme documents before investing.