Flexi-cap funds are the types that allow exposure to multiple market segments and dynamically adjust to prevailing market conditions. Although it carries some market risk and is very much dependent on the discretion of fund managers, the overall take on this type of equity fund is excellent for an investor looking to maintain balanced growth with much manageable risk levels. With investment in flexi-cap funds, you get an investment that is far more flexible and can be in tandem with long-term goals to build wealth-provided, of course, you are not averse to the fund being actively managed and hence flexible.