New Delhi, Oct. 28 -- Flexi-cap and multi-cap funds are both types of equity mutual funds, but they differ in their portfolio composition rules. According to SEBI regulations, flexi-cap funds must invest at least 65% of their assets in equity and equity-related instruments.

However, multi-cap funds must invest at least 75% in equities, with a minimum allocation of 25% each to large-cap, mid-cap and small-cap stocks.

This means flexi-cap fund managers can allocate their equity portfolios across market capitalisations based on their investment strategy, while multi-cap fund managers must maintain the prescribed allocation to all three segments.

Here's how the two categories performed over one, three and five years, and which schemes deli...