Flexi-cap mutual funds saw strong performance in 2024, with the top 10 exceeding 30% returns and the category average around 24.47%. Motilal Oswal Flexi Cap Fund led with a 47.40% return. While 61% of the 38 analyzed funds outperformed benchmarks like NIFTY 500 and BSE 500, some, including SBI and Quant, lagged.