Axis Multicap Fund vs Edelweiss Flexi Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis Multicap Fund is a Multi Cap fund and Edelweiss Flexi Cap Fund is a Flexi Cap fund. In the 3 years to 30-10-2026, Axis Multicap Fund (Direct) returned 18.7% a year and Edelweiss Flexi Cap Fund (Direct) returned 14.0% a year. Axis Multicap Fund charges 0.93% a year and Edelweiss Flexi Cap Fund 0.76% (Direct plans). Their portfolios overlap 42.7%: they hold 48 of the same securities.
Edelweiss Flexi Cap Fund
Flexi Cap
- 3 year return
- 14.0%
- Expense ratio
- 0.76%
- NAV
- ₹43.33
Which is better, Axis Multicap or Edelweiss 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.
- Axis Multicap returned more over 3 years: 18.7% a year against 14.0%.
- Axis Multicap returned more over 1 year: 3.8% against −5.4%.
- Edelweiss Flexi Cap costs less: 0.76% a year against 0.93% (Direct plans).
- Edelweiss Flexi Cap swung less over 3 years: a standard deviation of 14.5% a year against 14.9%.
- Axis Multicap fell less in its worst fall since 23-12-2021: −18.1% against −19.0%.
- Edelweiss Flexi Cap holds more in large companies: 60.3% of the fund in large caps against 39.1%.
- Axis Multicap is the larger fund: ₹11,972 Cr against ₹3,509 Cr.
- Their portfolios overlap 42.7%: 48 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 | Axis Multicap Fund | Edelweiss Flexi Cap Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | Edelweiss Mutual Fund |
| Category | Multi Cap | Flexi Cap |
| AUM | ₹11,972 Cr (30-09-2026) | ₹3,509 Cr (30-09-2026) |
| NAV | ₹20.12 (Direct) | ₹43.33 (Direct) |
| Expense ratio (Direct) | 0.93% | 0.76% |
| Expense ratio (Regular) | 1.99% | 2.14% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 500 Multicap 50:25:25 Total Return Index | Nifty 500 TRI |
| Launch date | 17-12-2021 | 03-02-2015 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Nitin Arora, Shreyash Devalkar, Hitesh Das | Trideep Bhattacharya, Ashwani Agarwalla, Mehul Dalmia |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 365 days | Exit load of 1%, if redeemed within 90 days. |
Axis Multicap vs Edelweiss 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 |
|---|---|---|---|---|---|---|---|
| Axis Multicap Fund (Direct) | −1.18% | +0.20% | +7.65% | +3.76% | +18.70% | -- | -- |
| Edelweiss Flexi Cap Fund (Direct) | −0.47% | −5.28% | −2.09% | −5.42% | +13.98% | +11.55% | -- |
| Multi Cap average | −2.65% | −3.95% | +1.99% | −1.14% | +13.54% | -- | -- |
| Flexi Cap average | −1.62% | −4.17% | +1.00% | −3.58% | +12.37% | +10.04% | -- |
Category average: the average of the 33 Multi Cap funds and the 46 Flexi Cap funds, same plan type.
Axis Multicap vs Edelweiss Flexi Cap: Year-wise Returns
| Year | Axis MulticapAxis Multicap | Edelweiss Flexi CapEdelweiss Flexi Cap |
|---|---|---|
| 2026to date | +5.62% | −6.69% |
| 2025 | +2.42% | +6.95% |
| 2024 | +33.81% | +27.35% |
| 2023 | +38.31% | +31.38% |
| 2022 | −0.20% | +2.44% |
| 2021 | -- | +37.07% |
Axis Multicap vs Edelweiss Flexi Cap: Rolling Returns
Every holding period of both funds, against Nifty500 Multicap 50:25:25 TRI, the benchmark of Axis Multicap Fund
Rolling returns
Every 3-year holding period, 463 of them, one for each trading day from 23-12-2024 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Axis Multicap Fund (Direct)
Edelweiss Flexi Cap Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
to
Feb 2025Jun 2022
to
Jun 2025Oct 2022
to
Oct 2025Jan 2023
to
Jan 2026May 2023
to
May 2026Sept 2023
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Axis Multicap | 0.0 | 0.0 | 0.0 | 0.0 | 16.0 | 71.7 | 12.3 | 22.5% | 22.6% | 17.0% | 29.6% | 100% |
| Edelweiss Flexi Cap | 0.0 | 0.0 | 0.0 | 8.1 | 53.0 | 35.7 | 3.3 | 19.0% | 19.3% | 12.7% | 26.3% | 100% |
| Nifty500 Multicap 50:25:25 TRI | 0.0 | 0.0 | 0.0 | 19.7 | 66.1 | 13.2 | 1.1 | 17.4% | 17.6% | 10.1% | 25.5% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty500 Multicap 50:25:25 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 23-12-2021. Past returns do not promise future returns.
Axis Multicap vs Edelweiss Flexi Cap: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 23-12-2021 to 30-10-2026: 59 instalments, ₹5,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis MulticapAxis Multicap Fund (Direct) | ₹5,90,000 | ₹8,75,278 | ₹2,85,278 | 16.1% |
| Edelweiss Flexi CapEdelweiss Flexi Cap Fund (Direct) | ₹5,90,000 | ₹7,63,381 | ₹1,73,381 | 10.4% |
Axis MulticapAxis Multicap Fund (Direct)
Edelweiss Flexi CapEdelweiss Flexi Cap Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Axis Multicap vs Edelweiss Flexi Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Multicap Fund (Direct) | Edelweiss Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +3.76% | −5.42% |
| Standard deviation | 15.43% | 14.13% |
| Sharpe ratio | -0.10 | -0.76 |
| Sortino ratio | -0.13 | -1.01 |
| Maximum drawdown | −13.2% (23-03-2026) | −13.5% (23-03-2026) |
| Beta | 1.00 | 0.97 |
| Alpha | +9.82% | +1.54% |
From daily NAVs, 30-10-2025 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.
| Measure | Axis Multicap Fund (Direct) | Edelweiss Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +18.70% | +13.98% |
| Standard deviation | 14.93% | 14.54% |
| Sharpe ratio | 0.85 | 0.55 |
| Sortino ratio | 1.16 | 0.75 |
| Maximum drawdown | −18.1% (28-02-2025) | −19.0% (28-02-2025) |
| Beta | 0.96 | 1.00 |
| Alpha | +7.66% | +3.75% |
From daily NAVs, 30-10-2023 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.
| Measure | Axis Multicap Fund (Direct) | Edelweiss Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.48% | +15.74% |
| Standard deviation | 13.92% | 15.66% |
| Sharpe ratio | 0.69 | 0.66 |
| Sortino ratio | 0.94 | 0.89 |
| Maximum drawdown | −18.1% (28-02-2025) | −36.1% (23-03-2020) |
| Beta | 0.89 | 0.96 |
| Alpha | +4.98% | +2.66% |
From daily NAVs, 23-12-2021 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.
Axis Multicap Fund (Direct)
Edelweiss Flexi Cap Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Multicap Fund (Direct) | −18.1% | 26-09-2024 | 28-02-2025 | 29-10-2025 | 8 months | −5.7% |
| Edelweiss Flexi Cap Fund (Direct) | −19.0% | 26-09-2024 | 28-02-2025 | 01-01-2026 | 10 months | −7.6% |
| Nifty500 Multicap 50:25:25 TRI | −19.8% | 26-09-2024 | 03-03-2025 | 03-08-2026 | 17 months | −8.0% |
From daily values since 23-12-2021, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis Multicap Fund (Direct)
Edelweiss Flexi Cap Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis Multicap Fund (Direct)
Edelweiss Flexi Cap Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
Against Nifty500 Multicap 50:25:25 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Axis Multicap Fund (Direct) | 107% | 87% | 4.95% |
| Edelweiss Flexi Cap Fund (Direct) | 94% | 85% | 4.25% |
From month-end values since 23-12-2021. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Axis Multicap vs Edelweiss Flexi Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Multicap Fund, September 2026; Edelweiss Flexi Cap Fund, September 2026
Holdings in common
- Overlap
- 42.7%
- Held by both
- 48
- Only in Axis Multicap
- 60
- Only in Edelweiss Flexi Cap
- 46
| Security | % of Axis Multicap | % of Edelweiss Flexi Cap |
|---|---|---|
| ICICI Bank Limited | 3.25% | 5.18% |
| HDFC Bank Limited | 2.72% | 4.99% |
| Shriram Finance Limited | 1.91% | 1.59% |
| Multi Commodity Exchange of India Limited | 1.97% | 1.46% |
| Axis Bank Limited | 1.45% | 1.61% |
| Bharti Airtel Limited | 1.40% | 1.73% |
| Mahindra & Mahindra Limited | 1.37% | 1.92% |
| Larsen & Toubro Limited | 1.36% | 3.70% |
| Bajaj Finance Limited | 1.25% | 1.47% |
| Fortis Healthcare Limited | 1.21% | 1.34% |
| State Bank of India | 1.20% | 1.99% |
| Radico Khaitan Limited | 1.22% | 1.19% |
| Eternal Limited | 2.41% | 1.14% |
| Divi's Laboratories Limited | 1.12% | 2.04% |
| Reliance Industries Limited | 1.11% | 3.60% |
| Karur Vysya Bank Limited | 1.07% | 1.51% |
| Torrent Pharmaceuticals Limited | 1.44% | 1.06% |
| Craftsman Automation Limited | 1.56% | 1.01% |
| Solar Industries India Limited | 1.15% | 1.00% |
| TVS Motor Company Limited | 0.97% | 1.09% |
| Ather Energy Limited | 1.78% | 0.95% |
| City Union Bank Limited | 0.86% | 1.62% |
| The Federal Bank Limited | 0.84% | 1.02% |
| Coforge Limited | 0.80% | 0.95% |
| NTPC Limited | 0.80% | 1.86% |
| Titan Company Limited | 0.74% | 1.76% |
| Sun Pharmaceutical Industries Limited | 0.72% | 0.69% |
| UltraTech Cement Limited | 0.68% | 1.72% |
| Bharat Electronics Limited | 0.66% | 0.97% |
| CG Power and Industrial Solutions Limited | 0.65% | 0.68% |
| Marico Limited | 0.65% | 0.93% |
| Tech Mahindra Limited | 0.75% | 0.61% |
| The Phoenix Mills Limited | 0.60% | 1.19% |
| Bharat Heavy Electricals Limited | 1.10% | 0.54% |
| Navin Fluorine International Limited | 0.54% | 0.59% |
| PNB Housing Finance Limited | 0.97% | 0.53% |
| Cholamandalam Investment and Finance Company Ltd | 0.77% | 0.51% |
| BSE Limited | 1.04% | 0.49% |
| Billionbrains Garage Ventures Ltd | 0.46% | 0.35% |
| Firstsource Solutions Limited | 0.35% | 0.49% |
| Vishal Mega Mart Limited | 0.33% | 0.56% |
| Hyundai Motor India Ltd | 0.89% | 0.29% |
| Meesho Ltd | 0.39% | 0.29% |
| Infosys Limited | 0.28% | 1.55% |
| Dixon Technologies (India) Limited | 0.65% | 0.26% |
| HCL Technologies Limited | 0.26% | 0.57% |
| PB Fintech Limited | 0.76% | 0.17% |
| Persistent Systems Limited | 0.07% | 0.99% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 42.7% means 42.7% 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 Axis Multicap Fund
| Security | % of fund |
|---|---|
| Sona BLW Precision Forgings Limited | 2.53% |
| Welspun Corp Limited | 2.35% |
| Apar Industries Limited | 2.03% |
| TD Power Systems Limited | 1.92% |
| Sansera Engineering Limited | 1.77% |
Largest holdings only in Edelweiss Flexi Cap Fund
| Security | % of fund |
|---|---|
| Tata Steel Ltd. | 2.20% |
| Kotak Mahindra Bank Ltd. | 1.31% |
| Maruti Suzuki India Ltd. | 1.30% |
| LG Electronics India Ltd. | 1.09% |
| L&T Finance Ltd. | 1.09% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Multicap | Edelweiss Flexi Cap |
|---|---|---|
| Equity | 95.4% | 95.2% |
| Debt | 0.0% | 0.0% |
| Cash and others | 4.6% | 4.8% |
Market cap of stocks
| Market cap | Axis Multicap | Edelweiss Flexi Cap |
|---|---|---|
| Large Cap | 39.1% | 60.3% |
| Mid Cap | 23.8% | 23.1% |
| Small Cap | 28.5% | 11.7% |
| Not on AMFI's list | 3.9% | 0.2% |
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 | Axis Multicap | Edelweiss Flexi Cap |
|---|---|---|
| Banks | 15.2% | 22.1% |
| Auto Components | 10.0% | 4.0% |
| Electrical Equipment | 9.8% | 2.1% |
| Pharmaceuticals & Biotechnology | 7.8% | 5.1% |
| Automobiles | 5.0% | 6.2% |
| IT - Software | 3.3% | 6.1% |
| Finance | 4.9% | 6.0% |
| Retailing | 5.3% | 3.0% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Multicap vs Edelweiss Flexi Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Multicap Fund | Edelweiss Flexi Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.93% | 0.76% |
| Base expense ratio (Direct) | 0.59% | 0.45% |
| Total expense ratio (Regular) | 1.99% | 2.14% |
| Base expense ratio (Regular) | 1.48% | 1.63% |
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 Axis Multicap with
Axis Multicap Fund vs Edelweiss Flexi Cap Fund: Frequently Asked Questions
What is the difference between Axis Multicap Fund and Edelweiss Flexi Cap Fund?
Axis Multicap Fund is a Multi Cap fund, Edelweiss Flexi Cap Fund is a Flexi Cap fund, run by Axis Mutual Fund and Edelweiss Mutual Fund. Their portfolios overlap 42.7%. Axis Multicap Fund charges 0.93% a year and Edelweiss Flexi Cap Fund 0.76%.
Which has given higher returns, Axis Multicap Fund or Edelweiss Flexi Cap Fund?
Over 1 year: Axis Multicap Fund +3.76%, Edelweiss Flexi Cap Fund −5.42%. Over 3 years: Axis Multicap Fund +18.70% a year, Edelweiss Flexi Cap Fund +13.98% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis Multicap Fund or Edelweiss Flexi Cap Fund?
Edelweiss Flexi Cap Fund charges less: 0.76% a year against 0.93%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Multicap Fund and Edelweiss Flexi Cap Fund overlap?
42.7%. They hold 48 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, SHRIRAMFIN. From each fund's latest monthly portfolio.
Which is riskier, Axis Multicap Fund or Edelweiss Flexi Cap Fund?
On SEBI's riskometer, Axis Multicap Fund is rated Very High and Edelweiss Flexi Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 14.93% and 14.54% a year.
Which is better for SIP, Axis Multicap Fund or Edelweiss Flexi Cap Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,34,373 in Axis Multicap Fund (XIRR 10.4% a year) and ₹3,92,356 in Edelweiss Flexi Cap Fund (XIRR 3.8% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Axis Multicap Fund and Edelweiss Flexi Cap Fund?
Yes. 42.7% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Axis Multicap Fund and Edelweiss Flexi Cap Fund?
Axis Multicap Fund: Nitin Arora, Shreyash Devalkar, Hitesh Das. Edelweiss Flexi Cap Fund: Trideep Bhattacharya, Ashwani Agarwalla, Mehul Dalmia.
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.