Helios Flexi Cap Fund vs ITI Flexi Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Helios Flexi Cap Fund and ITI Flexi Cap Fund are both Flexi Cap funds. In the year to 30-10-2026, Helios Flexi Cap Fund (Direct) returned −3.0% and ITI Flexi Cap Fund (Direct) returned 6.4%. Helios Flexi Cap Fund charges 0.86% a year and ITI Flexi Cap Fund 0.88% (Direct plans). Their portfolios overlap 29.9%: they hold 21 of the same securities.
Helios Flexi Cap Fund
Flexi Cap
- 1 year return
- −3.0%
- Expense ratio
- 0.86%
- NAV
- ₹15.41
Which is better, Helios 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 returned more over 1 year: 6.4% against −3.0%.
- Helios Flexi Cap costs less: 0.86% a year against 0.88% (Direct plans).
- Helios Flexi Cap fell less in its worst fall since 15-11-2023: −18.2% against −21.4%.
- Helios Flexi Cap holds more in large companies: 56.0% of the fund in large caps against 44.7%.
- Helios Flexi Cap is the larger fund: ₹8,784 Cr against ₹1,588 Cr.
- Their portfolios overlap 29.9%: 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 | Helios Flexi Cap Fund | ITI Flexi Cap Fund |
|---|---|---|
| Fund house | Helios Mutual Fund | ITI Mutual Fund |
| Category | Flexi Cap | Flexi Cap |
| AUM | ₹8,784 Cr (30-09-2026) | ₹1,588 Cr (30-09-2026) |
| NAV | ₹15.41 (Direct) | ₹20.35 (Direct) |
| Expense ratio (Direct) | 0.86% | 0.88% |
| Expense ratio (Regular) | 2.09% | 2.32% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | Nifty 500 TRI |
| Launch date | 13-11-2023 | 17-02-2023 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Alok Bahl, Pratik Singh | Dhimant Shah, Nilay Dalal |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 3 months. | Exit load of 0.50%, if redeemed within 3 months. |
Helios 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 |
|---|---|---|---|---|---|---|---|
| Helios Flexi Cap Fund (Direct) | −1.03% | −2.59% | +2.60% | −3.02% | -- | -- | -- |
| 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.
Helios Flexi Cap vs ITI Flexi Cap: Year-wise Returns
| Year | HeliosHelios Flexi Cap | ITIITI Flexi Cap | Nifty 500 TRI |
|---|---|---|---|
| 2026to date | −1.03% | +5.44% | −7.51% |
| 2025 | +7.60% | +4.71% | +7.76% |
| 2024 | +29.89% | +28.10% | +16.24% |
Helios Flexi Cap vs ITI Flexi Cap: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of both
Rolling returns
Every 1-year holding period, 482 of them, one for each trading day from 18-11-2024 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.
Helios Flexi Cap Fund (Direct)
ITI Flexi Cap Fund (Direct)
Nifty 500 TRI
to
Jan 2025May 2024
to
May 2025Sept 2024
to
Sept 2025Jan 2025
to
Jan 2026May 2025
to
May 2026Sept 2025
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Helios Flexi Cap | 2.3 | 13.7 | 42.9 | 24.9 | 6.4 | 2.5 | 7.3 | 10.8% | 8.7% | −5.7% | 40.8% | 98% |
| ITI Flexi Cap | 11.9 | 23.5 | 27.7 | 18.9 | 8.9 | 1.9 | 7.3 | 9.3% | 7.7% | −6.1% | 40.9% | 74% |
| Nifty 500 TRI | 22.8 | 29.9 | 30.5 | 8.3 | 3.9 | 0.8 | 3.7 | 5.2% | 4.4% | −9.0% | 29.8% | -- |
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 Nifty 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 15-11-2023. Past returns do not promise future returns.
Helios Flexi Cap vs ITI 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 15-11-2023 to 30-10-2026: 36 instalments, ₹3,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Helios Flexi CapHelios Flexi Cap Fund (Direct) | ₹3,60,000 | ₹4,02,160 | ₹42,160 | 7.4% |
| ITI Flexi CapITI Flexi Cap Fund (Direct) | ₹3,60,000 | ₹4,16,636 | ₹56,636 | 9.8% |
Helios Flexi CapHelios Flexi Cap Fund (Direct)
ITI Flexi CapITI 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.
Helios 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 | Helios Flexi Cap Fund (Direct) | ITI Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −3.02% | +6.40% |
| Standard deviation | 16.71% | 15.44% |
| Sharpe ratio | -0.49 | 0.07 |
| Sortino ratio | -0.68 | 0.10 |
| Maximum drawdown | −16.3% (30-03-2026) | −13.0% (31-03-2026) |
| Beta | 1.12 | 1.03 |
| Alpha | +5.80% | +14.15% |
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 | Helios Flexi Cap Fund (Direct) | ITI Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.90% | +21.51% |
| Standard deviation | 16.23% | 15.22% |
| Sharpe ratio | 0.55 | 1.01 |
| Sortino ratio | 0.74 | 1.36 |
| Maximum drawdown | −18.2% (28-02-2025) | −21.4% (28-02-2025) |
| Beta | 1.08 | 1.07 |
| Alpha | +5.79% | +8.54% |
From daily NAVs, 15-11-2023 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.
Helios 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 |
|---|---|---|---|---|---|---|
| Helios Flexi Cap Fund (Direct) | −18.2% | 16-12-2024 | 28-02-2025 | 23-07-2025 | 5 months | −6.4% |
| ITI Flexi Cap Fund (Direct) | −21.4% | 23-09-2024 | 28-02-2025 | 12-06-2026 | 15 months | −5.0% |
| Nifty 500 TRI | −18.6% | 26-09-2024 | 28-02-2025 | Not yet | -- | −8.8% |
From daily values since 15-11-2023, 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.
Helios Flexi Cap Fund (Direct)
ITI Flexi Cap Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Helios Flexi Cap Fund (Direct) | 118% | 90% | 5.44% |
| ITI Flexi Cap Fund (Direct) | 128% | 98% | 6.03% |
From month-end values since 15-11-2023. 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.
Helios Flexi Cap vs ITI Flexi Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Helios Flexi Cap Fund, September 2026; ITI Flexi Cap Fund, September 2026
Holdings in common
- Overlap
- 29.9%
- Held by both
- 21
- Only in Helios Flexi Cap
- 50
- Only in ITI Flexi Cap
- 61
| Security | % of Helios Flexi Cap | % of ITI Flexi Cap |
|---|---|---|
| ICICI Bank Ltd. | 4.12% | 4.61% |
| HDFC Bank Ltd. | 4.31% | 3.56% |
| State Bank of India | 2.78% | 2.06% |
| Larsen & Toubro Ltd. | 1.97% | 2.07% |
| Reliance Industries Ltd. | 1.95% | 3.48% |
| Ather Energy Ltd. | 2.19% | 1.82% |
| Kotak Mahindra Bank Ltd. | 3.02% | 1.57% |
| Multi Commodity Exchange of India Ltd. | 1.51% | 1.49% |
| Bharti Airtel Ltd. | 1.38% | 2.27% |
| Eternal Ltd. | 4.34% | 1.19% |
| Shriram Finance Ltd. | 1.73% | 0.97% |
| Bajaj Finance Ltd. | 2.80% | 0.94% |
| Titan Company Ltd. | 2.51% | 0.93% |
| The Indian Hotels Company Ltd. | 1.00% | 0.88% |
| Interglobe Aviation Ltd. | 0.90% | 0.86% |
| Bharat Electronics Ltd. | 2.35% | 0.85% |
| Cholamandalam Investment & Finance Co. Ltd. | 1.22% | 0.85% |
| ITC Ltd. | 1.01% | 0.74% |
| Power Grid Corporation of India Ltd. | 0.90% | 0.62% |
| Sedemac Mechatronics Ltd. | 0.59% | 1.35% |
| Rentomojo Ltd. | 0.52% | 0.83% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 29.9% means 29.9% 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 Helios Flexi Cap Fund
| Security | % of fund |
|---|---|
| Adani Ports and Special Economic Zone Ltd. | 3.92% |
| One 97 Communications Ltd. | 3.68% |
| Coforge Ltd. | 2.72% |
| Adani Enterprises Ltd. | 2.65% |
| Syrma SGS Technology Ltd. | 2.47% |
Largest holdings only in ITI Flexi Cap Fund
| Security | % of fund |
|---|---|
| Aditya Infotech Limited | 2.62% |
| Apar Industries Limited | 1.74% |
| Axis Bank Limited | 1.73% |
| VA Tech Wabag Limited | 1.72% |
| Divi's Laboratories Limited | 1.68% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Helios Flexi Cap | ITI Flexi Cap |
|---|---|---|
| Equity | 98.4% | 94.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.6% | 6.0% |
Market cap of stocks
| Market cap | Helios Flexi Cap | ITI Flexi Cap |
|---|---|---|
| Large Cap | 56.0% | 44.7% |
| Mid Cap | 21.1% | 15.5% |
| Small Cap | 19.4% | 29.2% |
| Not on AMFI's list | 2.0% | 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 | Helios Flexi Cap | ITI Flexi Cap |
|---|---|---|
| Banks | 14.2% | 15.9% |
| Finance | 8.7% | 3.4% |
| Capital Markets | 8.4% | 2.1% |
| Pharmaceuticals & Biotechnology | 2.7% | 7.5% |
| Retailing | 7.3% | 1.6% |
| Industrial Products | 1.6% | 5.8% |
| Auto Components | 0.6% | 5.6% |
| Transport Infrastructure | 5.0% | 0.0% |
| Financial Technology (Fintech) | 4.8% | 0.0% |
| Automobiles | 2.2% | 4.4% |
| Chemicals & Petrochemicals | 0.0% | 4.3% |
The six largest sectors of each fund's stocks, % of the fund.
Helios Flexi Cap vs ITI Flexi Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Helios Flexi Cap Fund | ITI Flexi Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.86% | 0.88% |
| Base expense ratio (Direct) | 0.46% | 0.53% |
| Total expense ratio (Regular) | 2.09% | 2.32% |
| Base expense ratio (Regular) | 1.51% | 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 Helios Flexi Cap with
Helios Flexi Cap Fund vs ITI Flexi Cap Fund: Frequently Asked Questions
What is the difference between Helios Flexi Cap Fund and ITI Flexi Cap Fund?
Both are Flexi Cap funds, run by Helios Mutual Fund and ITI Mutual Fund. Their portfolios overlap 29.9%. Helios Flexi Cap Fund charges 0.86% a year and ITI Flexi Cap Fund 0.88%.
Which has given higher returns, Helios Flexi Cap Fund or ITI Flexi Cap Fund?
Over 1 year: Helios Flexi Cap Fund −3.02%, ITI Flexi Cap Fund +6.40%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Helios Flexi Cap Fund or ITI Flexi Cap Fund?
Helios Flexi Cap Fund charges less: 0.86% a year against 0.88%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Helios Flexi Cap Fund and ITI Flexi Cap Fund overlap?
29.9%. They hold 21 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, SBIN. From each fund's latest monthly portfolio.
Which is riskier, Helios Flexi Cap Fund or ITI Flexi Cap Fund?
On SEBI's riskometer, Helios Flexi Cap Fund is rated Very High and ITI Flexi Cap Fund Very High. Over 1 years, the standard deviation of daily returns was 16.71% and 15.44% a year.
Can I invest in both Helios Flexi Cap Fund and ITI Flexi Cap Fund?
Yes. 29.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Helios Flexi Cap Fund and ITI Flexi Cap Fund?
Helios Flexi Cap Fund: Alok Bahl, Pratik 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.