Bajaj Finserv Flexi Cap Fund vs SBI Large Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bajaj Finserv Flexi Cap Fund is a Flexi Cap fund and SBI Large Cap Fund is a Large Cap fund. In the 3 years to 30-10-2026, Bajaj Finserv Flexi Cap Fund (Direct) returned 15.8% a year and SBI Large Cap Fund (Direct) returned 9.3% a year. Bajaj Finserv Flexi Cap Fund charges 1.00% a year and SBI Large Cap Fund 0.89% (Direct plans). Their portfolios overlap 38.5%: they hold 18 of the same securities.
Bajaj Finserv Flexi Cap Fund
Flexi Cap
- 3 year return
- 15.8%
- Expense ratio
- 1.00%
- NAV
- ₹15.62
Which is better, Bajaj Finserv Flexi Cap or SBI Large Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Bajaj Finserv Flexi Cap returned more over 3 years: 15.8% a year against 9.3%.
- Bajaj Finserv Flexi Cap returned more over 1 year: −0.1% against −5.8%.
- SBI Large Cap costs less: 0.89% a year against 1.00% (Direct plans).
- SBI Large Cap swung less over 3 years: a standard deviation of 12.6% a year against 13.3%.
- SBI Large Cap fell less in its worst fall since 16-08-2023: −15.4% against −17.5%.
- SBI Large Cap holds more in large companies: 83.5% of the fund in large caps against 44.7%.
- SBI Large Cap is the larger fund: ₹52,373 Cr against ₹8,527 Cr.
- Their portfolios overlap 38.5%: 18 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 | Bajaj Finserv Flexi Cap Fund | SBI Large Cap Fund |
|---|---|---|
| Fund house | Bajaj Finserv Mutual Fund | SBI Mutual Fund |
| Category | Flexi Cap | Large Cap |
| AUM | ₹8,527 Cr (30-09-2026) | ₹52,373 Cr (30-09-2026) |
| NAV | ₹15.62 (Direct) | ₹99.56 (Direct) |
| Expense ratio (Direct) | 1.00% | 0.89% |
| Expense ratio (Regular) | 2.24% | 1.51% |
| Riskometer | Very High | Not available |
| Benchmark | BSE 500 TRI | Not available |
| Launch date | 14-08-2023 | Not available |
| Minimum investment | ₹500 | Not available |
| Lock in | None | Not available |
| Fund managers | Nimesh Chandan, Sorbh Gupta, Siddharth Chaudhary | Not available |
| Exit load | For each purchase of units through Lumpsum / switch-in / Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP), exit load will be as follows: ? if units are redeemed / switched out within 6 months from the date of allotment: • if upto 10% of units allotted are redeemed/switched out – Nil • any redemption / switch-out of units in excess of 10% of units allotted - 1% of applicable NAV. ? if units are redeemed/switched out after 6 months from the date of allotment, no exit load is payable. | Not available |
Bajaj Finserv Flexi Cap vs SBI Large 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 |
|---|---|---|---|---|---|---|---|
| Bajaj Finserv Flexi Cap Fund (Direct) | −0.69% | −3.50% | +2.55% | −0.10% | +15.78% | -- | -- |
| SBI Large Cap Fund (Direct) | +0.01% | −5.00% | −1.97% | −5.75% | +9.25% | +8.31% | +11.54% |
| Flexi Cap average | −1.62% | −4.17% | +1.00% | −3.58% | +12.37% | -- | -- |
| Large Cap average | +0.62% | −4.36% | −1.05% | −6.33% | +10.38% | +8.23% | +11.81% |
Category average: the average of the 46 Flexi Cap funds and the 35 Large Cap funds, same plan type.
Bajaj Finserv Flexi Cap vs SBI Large Cap: Year-wise Returns
| Year | Bajaj Finserv FlexiBajaj Finserv Flexi Cap | SBI LargeSBI Large Cap |
|---|---|---|
| 2026to date | +1.07% | −6.95% |
| 2025 | +7.91% | +10.49% |
| 2024 | +28.41% | +13.24% |
| 2023 | -- | +23.50% |
| 2022 | -- | +5.11% |
| 2021 | -- | +27.04% |
Bajaj Finserv Flexi Cap vs SBI Large Cap: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of Bajaj Finserv Flexi Cap Fund
Rolling returns
Every 3-year holding period, 50 of them, one for each trading day from 17-08-2026 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.
Bajaj Finserv Flexi Cap Fund (Direct)
SBI Large Cap Fund (Direct)
BSE 500 TRI
to
Aug 2026Sept 2023
to
Sept 2026Sept 2023
to
Sept 2026Sept 2023
to
Sept 2026Oct 2023
to
Oct 2026Oct 2023
to
Oct 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bajaj Finserv Flexi Cap | 0.0 | 0.0 | 0.0 | 4.0 | 96.0 | 0.0 | 0.0 | 16.6% | 16.7% | 14.5% | 18.3% | 100% |
| SBI Large Cap | 0.0 | 0.0 | 72.0 | 28.0 | 0.0 | 0.0 | 0.0 | 9.2% | 8.9% | 7.5% | 11.2% | 0% |
| BSE 500 TRI | 0.0 | 0.0 | 48.0 | 52.0 | 0.0 | 0.0 | 0.0 | 10.3% | 10.0% | 8.4% | 12.7% | -- |
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 BSE 500 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 16-08-2023. Past returns do not promise future returns.
Bajaj Finserv Flexi Cap vs SBI Large 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 16-08-2023 to 30-10-2026: 39 instalments, ₹3,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bajaj Finserv Flexi CapBajaj Finserv Flexi Cap Fund (Direct) | ₹3,90,000 | ₹4,50,970 | ₹60,970 | 8.9% |
| SBI Large CapSBI Large Cap Fund (Direct) | ₹3,90,000 | ₹4,08,761 | ₹18,761 | 2.8% |
Bajaj Finserv Flexi CapBajaj Finserv Flexi Cap Fund (Direct)
SBI Large CapSBI Large 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.
Bajaj Finserv Flexi Cap vs SBI Large Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bajaj Finserv Flexi Cap Fund (Direct) | SBI Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −0.10% | −5.75% |
| Standard deviation | 14.44% | 13.89% |
| Sharpe ratio | -0.37 | -0.79 |
| Sortino ratio | -0.50 | -1.07 |
| Maximum drawdown | −13.8% (23-03-2026) | −13.8% (31-03-2026) |
| Beta | 0.97 | 0.98 |
| Alpha | +7.19% | +2.87% |
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 | Bajaj Finserv Flexi Cap Fund (Direct) | SBI Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.78% | +9.25% |
| Standard deviation | 13.34% | 12.56% |
| Sharpe ratio | 0.73 | 0.26 |
| Sortino ratio | 0.99 | 0.36 |
| Maximum drawdown | −17.5% (03-03-2025) | −15.4% (28-02-2025) |
| Beta | 0.90 | 0.90 |
| Alpha | +6.27% | +0.57% |
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 | Bajaj Finserv Flexi Cap Fund (Direct) | SBI Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.86% | +13.72% |
| Standard deviation | 12.98% | 15.08% |
| Sharpe ratio | 0.68 | 0.51 |
| Sortino ratio | 0.92 | 0.69 |
| Maximum drawdown | −17.5% (03-03-2025) | −37.1% (23-03-2020) |
| Beta | 0.89 | 0.93 |
| Alpha | +6.05% | +2.07% |
From daily NAVs, 16-08-2023 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.
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.
Bajaj Finserv Flexi Cap Fund (Direct)
SBI Large Cap Fund (Direct)
BSE 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bajaj Finserv Flexi Cap Fund (Direct) | −17.5% | 27-09-2024 | 03-03-2025 | 30-06-2025 | 4 months | −6.1% |
| SBI Large Cap Fund (Direct) | −15.4% | 26-09-2024 | 28-02-2025 | 29-10-2025 | 8 months | −8.0% |
| BSE 500 TRI | −18.7% | 26-09-2024 | 28-02-2025 | Not yet | -- | −9.4% |
From daily values since 16-08-2023, 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.
Bajaj Finserv Flexi Cap Fund (Direct)
SBI Large Cap Fund (Direct)
BSE 500 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.
Bajaj Finserv Flexi Cap Fund (Direct)
SBI Large Cap Fund (Direct)
BSE 500 TRI
Against BSE 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Bajaj Finserv Flexi Cap Fund (Direct) | 112% | 85% | 4.78% |
| SBI Large Cap Fund (Direct) | 86% | 83% | 3.87% |
From month-end values since 16-08-2023. 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.
Bajaj Finserv Flexi Cap vs SBI Large Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Bajaj Finserv Flexi Cap Fund, September 2026; SBI Large Cap Fund, September 2026
Holdings in common
- Overlap
- 38.5%
- Held by both
- 18
- Only in Bajaj Finserv Flexi Cap
- 50
- Only in SBI Large Cap
- 38
| Security | % of Bajaj Finserv Flexi Cap | % of SBI Large Cap |
|---|---|---|
| HDFC Bank Limited | 5.86% | 8.19% |
| ICICI Bank Limited | 5.49% | 8.29% |
| Divi's Laboratories Limited | 3.61% | 3.61% |
| Reliance Industries Limited | 3.94% | 3.51% |
| Axis Bank Limited | 2.53% | 3.22% |
| State Bank of India | 2.21% | 3.50% |
| Page Industries Limited | 2.00% | 2.20% |
| Tech Mahindra Limited | 2.15% | 1.89% |
| Sona BLW Precision Forgings Limited | 3.09% | 1.58% |
| Thermax Limited | 1.49% | 1.52% |
| Eternal Limited | 1.45% | 1.77% |
| Vedanta Aluminium Metal Limited | 1.82% | 1.36% |
| Infosys Limited | 1.31% | 3.38% |
| Asian Paints Limited | 1.19% | 3.39% |
| Hindustan Unilever Limited | 1.16% | 1.47% |
| JSW Steel Limited | 0.74% | 0.74% |
| UltraTech Cement Limited | 2.50% | 0.72% |
| Sun Pharmaceutical Industries Limited | 0.44% | 1.90% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 38.5% means 38.5% 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 Bajaj Finserv Flexi Cap Fund
| Security | % of fund |
|---|---|
| Bajaj Finance Limited | 2.42% |
| K.P.R. Mill Limited | 2.41% |
| Titan Company Limited | 2.26% |
| Kajaria Ceramics Limited | 2.21% |
| Multi Commodity Exchange of India Limited | 2.03% |
Largest holdings only in SBI Large Cap Fund
| Security | % of fund |
|---|---|
| Larsen & Toubro Ltd. | 5.31% |
| Kotak Mahindra Bank Ltd. | 4.60% |
| Samvardhana Motherson International Ltd. | 3.79% |
| Tata Motors Ltd. | 3.06% |
| HDFC Life Insurance Company Ltd. | 2.89% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bajaj Finserv Flexi Cap | SBI Large Cap |
|---|---|---|
| Equity | 94.5% | 99.1% |
| Debt | 0.0% | 0.4% |
| Cash and others | 5.5% | 0.5% |
Market cap of stocks
| Market cap | Bajaj Finserv Flexi Cap | SBI Large Cap |
|---|---|---|
| Large Cap | 44.7% | 83.5% |
| Mid Cap | 21.2% | 13.7% |
| Small Cap | 26.3% | 1.9% |
| Not on AMFI's list | 2.3% | 0.0% |
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 | Bajaj Finserv Flexi Cap | SBI Large Cap |
|---|---|---|
| Banks | 19.7% | 27.8% |
| Pharmaceuticals & Biotechnology | 11.8% | 7.7% |
| Consumer Durables | 8.0% | 3.4% |
| Auto Components | 7.5% | 7.0% |
| Insurance | 1.9% | 5.5% |
| Construction | 1.5% | 5.3% |
| IT - Software | 3.5% | 5.3% |
| Industrial Products | 5.1% | 0.4% |
| Textiles & Apparels | 4.5% | 2.2% |
The six largest sectors of each fund's stocks, % of the fund.
Bajaj Finserv Flexi Cap vs SBI Large Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bajaj Finserv Flexi Cap Fund | SBI Large Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.00% | 0.89% |
| Base expense ratio (Direct) | 0.47% | 0.70% |
| Total expense ratio (Regular) | 2.24% | 1.51% |
| Base expense ratio (Regular) | 1.52% | 1.23% |
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 Bajaj Finserv Flexi Cap with
Bajaj Finserv Flexi Cap Fund vs SBI Large Cap Fund: Frequently Asked Questions
What is the difference between Bajaj Finserv Flexi Cap Fund and SBI Large Cap Fund?
Bajaj Finserv Flexi Cap Fund is a Flexi Cap fund, SBI Large Cap Fund is a Large Cap fund, run by Bajaj Finserv Mutual Fund and SBI Mutual Fund. Their portfolios overlap 38.5%. Bajaj Finserv Flexi Cap Fund charges 1.00% a year and SBI Large Cap Fund 0.89%.
Which has given higher returns, Bajaj Finserv Flexi Cap Fund or SBI Large Cap Fund?
Over 1 year: Bajaj Finserv Flexi Cap Fund −0.10%, SBI Large Cap Fund −5.75%. Over 3 years: Bajaj Finserv Flexi Cap Fund +15.78% a year, SBI Large Cap Fund +9.25% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bajaj Finserv Flexi Cap Fund or SBI Large Cap Fund?
SBI Large Cap Fund charges less: 0.89% a year against 1.00%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bajaj Finserv Flexi Cap Fund and SBI Large Cap Fund overlap?
38.5%. They hold 18 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, DIVISLAB. From each fund's latest monthly portfolio.
Which is better for SIP, Bajaj Finserv Flexi Cap Fund or SBI Large Cap Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,19,842 in Bajaj Finserv Flexi Cap Fund (XIRR 8.2% a year) and ₹3,83,161 in SBI Large Cap Fund (XIRR 2.2% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Bajaj Finserv Flexi Cap Fund and SBI Large Cap Fund?
Yes. 38.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
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.