Know the names of these flexi cap funds with higher returns and less risk than FD, they will give huge profits

Flexi Cap Fund: If you want more returns than FD and do not have much knowledge of the stock market, then you have such an option through which you can fulfill your wish. By investing in mutual funds, you can get higher returns than fixed deposits. In mutual funds, you get the option of a flexi cap fund, through which you can get maximum returns even at low risk.

What is Flexi Cap Fund
Flexi Cap Fund is an Equity Mutual Fund that adopts a flexible investment strategy. In this fund, the fund manager can invest in smallcap, midcap or largecap as per his choice. 

Given great returns in the long term
Where FDs are not giving you more than 7-8 per cent returns, these funds are such where you can get up to 30 per cent annual returns And these funds have given excellent returns even in Corona times. 

Invest for long term through SIP
Instead of investing money all at once, you can get maximum benefit by investing for at least 5 years through SIP (Systematic Investment Plan) is. 

Know Tax Liability
If you redeem a mutual fund in less than 12 months, then the income earned on it will be taxed as short term capital gains at the rate of 15 per cent. If you invest more than 12 months, you will have to pay 10 per cent tax on long term capital gains tax on mutual fund earnings.

Know the names of these Flexi Funds which have given excellent returns in the last 1 year

1. HDFC Flexi Cap Fund has given a good return of 19.64 per cent in the last one year.
2. CANARA Robeco Flexi Fund has given a good return of up to 20.48 per cent in the last one year.
3. SBI Focused Flexi Cap Fund has given a strong return of 23.32 per cent in the last one year.
4. Parag Parikh Flexi Cap Fund has given an excellent return of 27.87 per cent in the last one year.
5. BOI AXA Flexi Cap Fund has given a stellar return of 31.65 per cent in the last one year.

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