Invesco India Flexi Cap Fund vs Navi Flexi Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Invesco India Flexi Cap Fund and Navi Flexi Cap Fund are both Flexi Cap funds. In the 3 years to 30-10-2026, Invesco India Flexi Cap Fund (Direct) returned 16.7% a year and Navi Flexi Cap Fund (Direct) returned 10.9% a year. Invesco India Flexi Cap Fund charges 0.88% a year and Navi Flexi Cap Fund 0.70% (Direct plans). Their portfolios overlap 17.4%: they hold 12 of the same securities.
Invesco India Flexi Cap Fund
Flexi Cap
- 3 year return
- 16.7%
- Expense ratio
- 0.88%
- NAV
- ₹19.97
Which is better, Invesco India Flexi Cap or Navi 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.
- Invesco India Flexi Cap returned more over 3 years: 16.7% a year against 10.9%.
- Navi Flexi Cap returned more over 1 year: 1.8% against −2.7%.
- Navi Flexi Cap costs less: 0.70% a year against 0.88% (Direct plans).
- Navi Flexi Cap swung less over 3 years: a standard deviation of 14.1% a year against 15.5%.
- Navi Flexi Cap fell less in its worst fall since 16-02-2022: −19.3% against −19.4%.
- Invesco India Flexi Cap is the larger fund: ₹5,437 Cr against ₹286 Cr.
- Their portfolios overlap 17.4%: 12 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 | Invesco India Flexi Cap Fund | Navi Flexi Cap Fund |
|---|---|---|
| Fund house | Invesco Mutual Fund | Navi Mutual Fund |
| Category | Flexi Cap | Flexi Cap |
| AUM | ₹5,437 Cr (30-09-2026) | ₹286 Cr (30-09-2026) |
| NAV | ₹19.97 (Direct) | ₹27.66 (Direct) |
| Expense ratio (Direct) | 0.88% | 0.70% |
| Expense ratio (Regular) | 2.10% | 2.57% |
| Riskometer | Very High | Very High |
| Benchmark | BSE 500 TRI | Nifty 500 TRI |
| Launch date | 14-02-2022 | 09-07-2018 |
| Minimum investment | Not available | ₹100 |
| Lock in | None | None |
| Fund managers | Taher Badshah, Deepak Gupta | Ashutosh Shirwaikar |
| Exit load | Exit load for units in excess of 10% of the investment,1% will be charged for redemption within 365 days | NIL |
Invesco India Flexi Cap vs Navi 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 |
|---|---|---|---|---|---|---|---|
| Invesco India Flexi Cap Fund (Direct) | +0.05% | −3.39% | +5.77% | −2.73% | +16.68% | -- | -- |
| Navi Flexi Cap Fund (Direct) | −2.89% | −4.52% | +2.44% | +1.80% | +10.91% | +9.70% | -- |
| Flexi Cap average | −1.62% | −4.17% | +1.00% | −3.58% | +12.37% | +10.04% | -- |
Category average: the average of the 46 Flexi Cap funds, same plan type.
Invesco India Flexi Cap vs Navi Flexi Cap: Year-wise Returns
| Year | Invesco IndiaInvesco India Flexi Cap | NaviNavi Flexi Cap |
|---|---|---|
| 2026to date | +0.05% | +1.34% |
| 2025 | +0.91% | +6.53% |
| 2024 | +36.32% | +13.47% |
| 2023 | +35.73% | +26.53% |
| 2022 | -- | +2.47% |
| 2021 | -- | +35.42% |
Invesco India Flexi Cap vs Navi Flexi Cap: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of Invesco India Flexi Cap Fund
Rolling returns
Every 3-year holding period, 418 of them, one for each trading day from 17-02-2025 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.
Invesco India Flexi Cap Fund (Direct)
Navi Flexi Cap Fund (Direct)
BSE 500 TRI
to
Apr 2025Jul 2022
to
Jul 2025Nov 2022
to
Nov 2025Feb 2023
to
Feb 2026Jun 2023
to
Jun 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Invesco India Flexi Cap | 0.0 | 0.0 | 0.0 | 0.0 | 30.4 | 50.7 | 18.9 | 22.1% | 21.9% | 15.3% | 30.3% | 100% |
| Navi Flexi Cap | 0.0 | 0.0 | 0.7 | 70.6 | 28.5 | 0.2 | 0.0 | 14.3% | 14.2% | 9.6% | 20.0% | 28% |
| BSE 500 TRI | 0.0 | 0.0 | 5.7 | 38.8 | 49.0 | 6.5 | 0.0 | 15.0% | 15.2% | 8.4% | 22.0% | -- |
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 16-02-2022. Past returns do not promise future returns.
Invesco India Flexi Cap vs Navi 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 16-02-2022 to 30-10-2026: 57 instalments, ₹5,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Invesco India Flexi CapInvesco India Flexi Cap Fund (Direct) | ₹5,70,000 | ₹7,91,095 | ₹2,21,095 | 13.8% |
| Navi Flexi CapNavi Flexi Cap Fund (Direct) | ₹5,70,000 | ₹7,20,074 | ₹1,50,074 | 9.8% |
Invesco India Flexi CapInvesco India Flexi Cap Fund (Direct)
Navi Flexi CapNavi 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.
Invesco India Flexi Cap vs Navi Flexi Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Invesco India Flexi Cap Fund (Direct) | Navi Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −2.73% | +1.80% |
| Standard deviation | 16.32% | 15.77% |
| Sharpe ratio | -0.49 | -0.22 |
| Sortino ratio | -0.68 | -0.30 |
| Maximum drawdown | −18.3% (30-03-2026) | −12.7% (31-03-2026) |
| Beta | 1.10 | 1.05 |
| Alpha | +6.28% | +9.78% |
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 | Invesco India Flexi Cap Fund (Direct) | Navi Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +16.68% | +10.91% |
| Standard deviation | 15.51% | 14.08% |
| Sharpe ratio | 0.69 | 0.35 |
| Sortino ratio | 0.96 | 0.48 |
| Maximum drawdown | −19.4% (28-02-2025) | −19.3% (28-02-2025) |
| Beta | 1.04 | 0.95 |
| Alpha | +6.64% | +0.92% |
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 | Invesco India Flexi Cap Fund (Direct) | Navi Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.83% | +13.00% |
| Standard deviation | 14.25% | 16.72% |
| Sharpe ratio | 0.69 | 0.46 |
| Sortino ratio | 0.97 | 0.62 |
| Maximum drawdown | −19.4% (28-02-2025) | −37.9% (23-03-2020) |
| Beta | 0.96 | 0.97 |
| Alpha | +6.36% | +1.27% |
From daily NAVs, 16-02-2022 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.
Invesco India Flexi Cap Fund (Direct)
Navi Flexi 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 |
|---|---|---|---|---|---|---|
| Invesco India Flexi Cap Fund (Direct) | −19.4% | 16-12-2024 | 28-02-2025 | 22-07-2025 | 5 months | −6.5% |
| Navi Flexi Cap Fund (Direct) | −19.3% | 27-09-2024 | 28-02-2025 | 07-05-2026 | 14 months | −7.0% |
| BSE 500 TRI | −18.7% | 26-09-2024 | 28-02-2025 | Not yet | -- | −9.4% |
From daily values since 16-02-2022, 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.
Invesco India Flexi Cap Fund (Direct)
Navi Flexi 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.
Invesco India Flexi Cap Fund (Direct)
Navi Flexi Cap Fund (Direct)
BSE 500 TRI
Against BSE 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Invesco India Flexi Cap Fund (Direct) | 113% | 89% | 5.90% |
| Navi Flexi Cap Fund (Direct) | 97% | 86% | 4.22% |
From month-end values since 16-02-2022. 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.
Invesco India Flexi Cap vs Navi Flexi Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Invesco India Flexi Cap Fund, September 2026; Navi Flexi Cap Fund, September 2026
Holdings in common
- Overlap
- 17.4%
- Held by both
- 12
- Only in Invesco India Flexi Cap
- 65
- Only in Navi Flexi Cap
- 60
| Security | % of Invesco India Flexi Cap | % of Navi Flexi Cap |
|---|---|---|
| ICICI Bank Limited | 6.63% | 3.60% |
| Kotak Mahindra Bank Ltd | 2.20% | 2.99% |
| Multi Commodity Exchange of India Limited | 2.34% | 1.84% |
| Bharti Airtel Limited | 3.10% | 1.81% |
| Larsen & Toubro Limited | 3.23% | 1.58% |
| InterGlobe Aviation Limited | 1.69% | 1.39% |
| Shriram Finance Limited | 1.06% | 1.24% |
| Apollo Hospitals Enterprise Limited | 0.97% | 1.43% |
| Tata Motors Ltd | 1.95% | 0.93% |
| Info Edge India Ltd | 0.97% | 0.87% |
| UNO Minda Limited | 0.71% | 1.21% |
| HDFC Asset Management Company Limited | 0.44% | 0.48% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 17.4% means 17.4% 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 Invesco India Flexi Cap Fund
| Security | % of fund |
|---|---|
| Bajaj Finance Ltd | 3.19% |
| Sai Life Sciences Limited | 2.61% |
| Titan Company Limited | 2.35% |
| Lenskart Solutions Limited | 2.14% |
| Trent Limited | 2.08% |
Largest holdings only in Navi Flexi Cap Fund
| Security | % of fund |
|---|---|
| AXIS BANK LIMITED | 3.62% |
| HDFC BANK LIMITED | 3.26% |
| USHA MARTIN LTD | 3.07% |
| SAMVARDHANA MOTHERSON INTERNATIONAL LTD | 2.91% |
| YASH HIGHVOLTAGE LTD | 2.29% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Invesco India Flexi Cap | Navi Flexi Cap |
|---|---|---|
| Equity | 97.6% | 93.6% |
| Debt | 0.0% | 1.0% |
| Cash and others | 2.4% | 5.3% |
Market cap of stocks
| Market cap | Invesco India Flexi Cap | Navi Flexi Cap |
|---|---|---|
| Large Cap | 43.3% | 37.5% |
| Mid Cap | 26.9% | 16.2% |
| Small Cap | 25.4% | 40.0% |
| Not on AMFI's list | 2.1% | 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 | Invesco India Flexi Cap | Navi Flexi Cap |
|---|---|---|
| BANKS | 0.0% | 15.7% |
| AUTO COMPONENTS | 0.0% | 13.1% |
| Banks | 12.4% | 0.0% |
| Retailing | 10.6% | 0.0% |
| CAPITAL MARKETS | 0.0% | 9.7% |
| Finance | 7.2% | 0.0% |
| Capital Markets | 7.2% | 0.0% |
| IT - Software | 7.1% | 0.0% |
| Healthcare Services | 6.6% | 0.0% |
| INDUSTRIAL PRODUCTS | 0.0% | 5.7% |
| HEALTHCARE SERVICES | 0.0% | 5.2% |
| FINANCE | 0.0% | 5.2% |
The six largest sectors of each fund's stocks, % of the fund.
Invesco India Flexi Cap vs Navi Flexi Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Invesco India Flexi Cap Fund | Navi Flexi Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.88% | 0.70% |
| Base expense ratio (Direct) | 0.53% | 0.51% |
| Total expense ratio (Regular) | 2.10% | 2.57% |
| Base expense ratio (Regular) | 1.59% | 2.10% |
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 Invesco India Flexi Cap with
Invesco India Flexi Cap Fund vs Navi Flexi Cap Fund: Frequently Asked Questions
What is the difference between Invesco India Flexi Cap Fund and Navi Flexi Cap Fund?
Both are Flexi Cap funds, run by Invesco Mutual Fund and Navi Mutual Fund. Their portfolios overlap 17.4%. Invesco India Flexi Cap Fund charges 0.88% a year and Navi Flexi Cap Fund 0.70%.
Which has given higher returns, Invesco India Flexi Cap Fund or Navi Flexi Cap Fund?
Over 1 year: Invesco India Flexi Cap Fund −2.73%, Navi Flexi Cap Fund +1.80%. Over 3 years: Invesco India Flexi Cap Fund +16.68% a year, Navi Flexi Cap Fund +10.91% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Invesco India Flexi Cap Fund or Navi Flexi Cap Fund?
Navi Flexi Cap Fund charges less: 0.70% a year against 0.88%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Invesco India Flexi Cap Fund and Navi Flexi Cap Fund overlap?
17.4%. They hold 12 of the same securities, the largest shared ones being ICICIBANK, KOTAKBANK, MCX. From each fund's latest monthly portfolio.
Which is riskier, Invesco India Flexi Cap Fund or Navi Flexi Cap Fund?
On SEBI's riskometer, Invesco India Flexi Cap Fund is rated Very High and Navi Flexi Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 15.51% and 14.08% a year.
Which is better for SIP, Invesco India Flexi Cap Fund or Navi Flexi Cap Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,13,765 in Invesco India Flexi Cap Fund (XIRR 7.2% a year) and ₹4,06,056 in Navi Flexi Cap Fund (XIRR 6.0% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Invesco India Flexi Cap Fund and Navi Flexi Cap Fund?
Yes. 17.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Invesco India Flexi Cap Fund and Navi Flexi Cap Fund?
Invesco India Flexi Cap Fund: Taher Badshah, Deepak Gupta. Navi Flexi Cap Fund: Ashutosh Shirwaikar.
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.