New Delhi, July 17 -- Flexi cap mutual funds, which are known for giving fund managers the flexibility to invest across large-, mid- and small-cap stocks, have had a subdued year.

Data shows that not a single flexi cap fund delivered double-digit returns over the past year. The best-performing scheme, Quant Flexi Cap Fund, returned 9.91%, while only five funds managed to generate returns above 8%.

The broader category also struggled. The average flexi cap fund generated a return of just 0.82% over the past year. Of the 40 schemes in the category, 33 delivered less than 5% returns, while 19 posted negative returns.

The muted performance was largely driven by market conditions rather than poor stock selection, according to experts.

Hris...