AlphaGrep Flexi Cap Fund vs ITI Flexi Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
AlphaGrep Flexi Cap Fund and ITI Flexi Cap Fund are both Flexi Cap funds. AlphaGrep Flexi Cap Fund charges 2.80% a year and ITI Flexi Cap Fund 0.88% (Direct plans). Their portfolios overlap 10.1%: they hold 21 of the same securities.
Which is better, AlphaGrep Flexi Cap or ITI Flexi Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- ITI Flexi Cap costs less: 0.88% a year against 2.80% (Direct plans).
- AlphaGrep Flexi Cap fell less in its worst fall since 13-08-2026: −7.6% against −8.0%.
- ITI Flexi Cap holds more in large companies: 44.7% of the fund in large caps against 16.7%.
- ITI Flexi Cap is the larger fund: ₹1,588 Cr against ₹80 Cr.
- Their portfolios overlap 10.1%: 21 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | AlphaGrep Flexi Cap Fund | ITI Flexi Cap Fund |
|---|---|---|
| Fund house | AlphaGrep Mutual Fund | ITI Mutual Fund |
| Category | Flexi Cap | Flexi Cap |
| AUM | ₹80 Cr (30-09-2026) | ₹1,588 Cr (30-09-2026) |
| NAV | ₹9.59 (Direct) | ₹20.35 (Direct) |
| Expense ratio (Direct) | 2.80% | 0.88% |
| Expense ratio (Regular) | 4.66% | 2.32% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | Nifty 500 TRI |
| Launch date | 11-08-2026 | 17-02-2023 |
| Minimum investment | ₹500 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Ravneet Singh | Dhimant Shah, Nilay Dalal |
| Exit load | Exit load of 1%, if redeemed within 15 Days. | Exit load of 0.50%, if redeemed within 3 months. |
AlphaGrep Flexi Cap vs ITI Flexi Cap: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| AlphaGrep Flexi Cap Fund (Direct) | −3.35% | -- | -- | -- | -- | -- | -- |
| ITI Flexi Cap Fund (Direct) | −1.70% | −0.27% | +7.12% | +6.40% | +18.32% | -- | -- |
| Flexi Cap average | −1.62% | −4.17% | +1.00% | −3.58% | +12.37% | -- | -- |
Category average: the average of the 46 Flexi Cap funds, same plan type.
AlphaGrep Flexi Cap vs ITI Flexi Cap: Year-wise Returns
| Year | AlphaGrepAlphaGrep Flexi Cap | ITIITI Flexi Cap | Nifty 500 TRI |
|---|---|---|---|
| 2026to date | -- | +5.44% | −7.51% |
| 2025 | -- | +4.71% | +7.76% |
| 2024 | -- | +28.10% | +16.24% |
AlphaGrep Flexi Cap vs ITI Flexi Cap: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of both
AlphaGrep Flexi Cap vs ITI Flexi Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | AlphaGrep Flexi Cap Fund (Direct) | ITI Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −22.07% | +21.51% |
| Standard deviation | 11.03% | 15.22% |
| Sharpe ratio | -2.48 | 1.01 |
| Sortino ratio | -2.84 | 1.36 |
| Maximum drawdown | −7.6% (23-10-2026) | −21.4% (28-02-2025) |
| Beta | 0.83 | 1.07 |
| Alpha | +1.93% | +8.54% |
From daily NAVs, 13-08-2026 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
AlphaGrep Flexi Cap Fund (Direct)
ITI Flexi Cap Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| AlphaGrep Flexi Cap Fund (Direct) | −7.6% | 28-08-2026 | 23-10-2026 | Not yet | -- | −6.0% |
| ITI Flexi Cap Fund (Direct) | −8.0% | 28-08-2026 | 23-10-2026 | Not yet | -- | −5.0% |
| Nifty 500 TRI | −9.3% | 13-08-2026 | 23-10-2026 | Not yet | -- | −7.4% |
From daily values since 13-08-2026, the first day every fund has.
AlphaGrep Flexi Cap vs ITI Flexi Cap: Portfolio Overlap
From each fund's latest monthly portfolio: AlphaGrep Flexi Cap Fund, September 2026; ITI Flexi Cap Fund, September 2026
Holdings in common
- Overlap
- 10.1%
- Held by both
- 21
- Only in AlphaGrep Flexi Cap
- 142
- Only in ITI Flexi Cap
- 61
| Security | % of AlphaGrep Flexi Cap | % of ITI Flexi Cap |
|---|---|---|
| NTPC Ltd. | 1.24% | 1.19% |
| Dixon Technologies (India) Ltd. | 1.46% | 0.97% |
| Sun Pharmaceutical Industries Ltd. | 1.20% | 0.97% |
| Larsen & Toubro Ltd. | 0.95% | 2.07% |
| Bharat Electronics Ltd. | 1.58% | 0.85% |
| Mahindra & Mahindra Ltd. | 0.81% | 0.67% |
| Grasim Industries Ltd. | 0.62% | 0.94% |
| Ultratech Cement Ltd. | 0.48% | 0.92% |
| Tenneco Clean Air India Ltd. | 0.41% | 0.97% |
| PTC Industries Ltd. | 0.38% | 1.56% |
| Concord Biotech Ltd. | 0.37% | 1.01% |
| The Federal Bank Ltd. | 0.27% | 0.88% |
| Bharat Forge Ltd. | 0.26% | 0.65% |
| Jyoti CNC Automation Ltd. | 0.26% | 1.31% |
| GE Vernova T&D India Ltd. | 0.26% | 1.16% |
| United Spirits Ltd. | 0.26% | 1.01% |
| Vedanta Aluminium Metal Ltd. | 0.25% | 1.21% |
| Max Financial Services Ltd. | 0.24% | 0.75% |
| Sai Life Sciences Ltd. | 0.19% | 1.63% |
| Bharti Airtel Ltd. | 0.15% | 2.27% |
| Prestige Estates Projects Ltd. | 0.11% | 0.87% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 10.1% means 10.1% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in AlphaGrep Flexi Cap Fund
| Security | % of fund |
|---|---|
| DSP Mutual Fund - DSP Gold ETF | 3.81% |
| CIE Automotive India Ltd. | 1.95% |
| 91 DAY T-BILL 24.12.26 | 1.78% |
| Kirloskar Oil Engines Ltd. | 1.50% |
| Niva Bupa Health Insurance Company Ltd. | 1.41% |
Largest holdings only in ITI Flexi Cap Fund
| Security | % of fund |
|---|---|
| ICICI Bank Limited | 4.61% |
| HDFC Bank Limited | 3.56% |
| Reliance Industries Limited | 3.48% |
| Aditya Infotech Limited | 2.62% |
| State Bank of India | 2.06% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | AlphaGrep Flexi Cap | ITI Flexi Cap |
|---|---|---|
| Equity | 81.5% | 94.0% |
| Debt | 1.8% | 0.0% |
| Cash and others | 16.8% | 6.0% |
Market cap of stocks
| Market cap | AlphaGrep Flexi Cap | ITI Flexi Cap |
|---|---|---|
| Large Cap | 16.7% | 44.7% |
| Mid Cap | 21.7% | 15.5% |
| Small Cap | 41.8% | 29.2% |
| Not on AMFI's list | 1.2% | 4.7% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | AlphaGrep Flexi Cap | ITI Flexi Cap |
|---|---|---|
| Banks | 3.3% | 15.9% |
| Auto Components | 7.6% | 5.6% |
| Pharmaceuticals & Biotechnology | 6.1% | 7.5% |
| Industrial Products | 3.5% | 5.8% |
| Electrical Equipment | 5.8% | 3.5% |
| Consumer Durables | 4.8% | 3.0% |
| Automobiles | 2.9% | 4.4% |
| Chemicals & Petrochemicals | 2.2% | 4.3% |
| Finance | 4.2% | 3.4% |
The six largest sectors of each fund's stocks, % of the fund.
AlphaGrep Flexi Cap vs ITI Flexi Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | AlphaGrep Flexi Cap Fund | ITI Flexi Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 2.80% | 0.88% |
| Base expense ratio (Direct) | 0.50% | 0.53% |
| Total expense ratio (Regular) | 4.66% | 2.32% |
| Base expense ratio (Regular) | 2.08% | 1.81% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare AlphaGrep Flexi Cap with
AlphaGrep Flexi Cap Fund vs ITI Flexi Cap Fund: Frequently Asked Questions
What is the difference between AlphaGrep Flexi Cap Fund and ITI Flexi Cap Fund?
Both are Flexi Cap funds, run by AlphaGrep Mutual Fund and ITI Mutual Fund. Their portfolios overlap 10.1%. AlphaGrep Flexi Cap Fund charges 2.80% a year and ITI Flexi Cap Fund 0.88%.
Which has the lower expense ratio, AlphaGrep Flexi Cap Fund or ITI Flexi Cap Fund?
ITI Flexi Cap Fund charges less: 0.88% a year against 2.80%. These are the Direct plans' total expense ratios reported to AMFI.
How much do AlphaGrep Flexi Cap Fund and ITI Flexi Cap Fund overlap?
10.1%. They hold 21 of the same securities, the largest shared ones being NTPC, DIXON, SUNPHARMA. From each fund's latest monthly portfolio.
Which is riskier, AlphaGrep Flexi Cap Fund or ITI Flexi Cap Fund?
On SEBI's riskometer, AlphaGrep Flexi Cap Fund is rated Very High and ITI Flexi Cap Fund Very High. Over their common history, the standard deviation of daily returns was 11.03% and 15.22% a year.
Can I invest in both AlphaGrep Flexi Cap Fund and ITI Flexi Cap Fund?
Yes. 10.1% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages AlphaGrep Flexi Cap Fund and ITI Flexi Cap Fund?
AlphaGrep Flexi Cap Fund: Ravneet Singh. ITI Flexi Cap Fund: Dhimant Shah, Nilay Dalal.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.