ITI Flexi Cap Fund vs JioBlackRock Flexi Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
ITI Flexi Cap Fund and JioBlackRock Flexi Cap Fund are both Flexi Cap funds. In the year to 30-10-2026, ITI Flexi Cap Fund (Direct) returned 6.4% and JioBlackRock Flexi Cap Fund (Direct) returned −8.5%. ITI Flexi Cap Fund charges 0.88% a year and JioBlackRock Flexi Cap Fund 1.11% (Direct plans). Their portfolios overlap 31.5%: they hold 30 of the same securities.
JioBlackRock Flexi Cap Fund
Flexi Cap
- 1 year return
- −8.5%
- Expense ratio
- 1.11%
- NAV
- ₹9.34
Which is better, ITI Flexi Cap or JioBlackRock 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 −8.5%.
- ITI Flexi Cap costs less: 0.88% a year against 1.11% (Direct plans).
- ITI Flexi Cap fell less in its worst fall since 17-10-2025: −13.0% against −14.3%.
- JioBlackRock Flexi Cap holds more in large companies: 60.6% of the fund in large caps against 44.7%.
- JioBlackRock Flexi Cap is the larger fund: ₹3,175 Cr against ₹1,588 Cr.
- Their portfolios overlap 31.5%: 30 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 | ITI Flexi Cap Fund | JioBlackRock Flexi Cap Fund |
|---|---|---|
| Fund house | ITI Mutual Fund | Jio BlackRock Mutual Fund |
| Category | Flexi Cap | Flexi Cap |
| AUM | ₹1,588 Cr (30-09-2026) | ₹3,175 Cr (30-09-2026) |
| NAV | ₹20.35 (Direct) | ₹9.34 (Direct) |
| Expense ratio (Direct) | 0.88% | 1.11% |
| Expense ratio (Regular) | 2.32% | 2.34% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | Nifty 500 TRI |
| Launch date | 17-02-2023 | 13-10-2025 |
| Minimum investment | ₹5,000 | ₹500 |
| Lock in | None | None |
| Fund managers | Dhimant Shah, Nilay Dalal | Sahil Chaudhary, Tanvi Kacheria |
| Exit load | Exit load of 0.50%, if redeemed within 3 months. | Nil |
ITI Flexi Cap vs JioBlackRock 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 |
|---|---|---|---|---|---|---|---|
| ITI Flexi Cap Fund (Direct) | −1.70% | −0.27% | +7.12% | +6.40% | +18.32% | -- | -- |
| JioBlackRock Flexi Cap Fund (Direct) | −2.70% | −6.41% | −3.63% | −8.49% | -- | -- | -- |
| Flexi Cap average | −1.62% | −4.17% | +1.00% | −3.58% | -- | -- | -- |
Category average: the average of the 46 Flexi Cap funds, same plan type.
ITI Flexi Cap vs JioBlackRock Flexi Cap: Year-wise Returns
| Year | ITIITI Flexi Cap | JioBlackRockJioBlackRock Flexi Cap | Nifty 500 TRI |
|---|---|---|---|
| 2026to date | +5.44% | −9.11% | −7.51% |
| 2025 | +4.71% | -- | +7.76% |
| 2024 | +28.10% | -- | +16.24% |
ITI Flexi Cap vs JioBlackRock Flexi Cap: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of both
ITI Flexi Cap vs JioBlackRock 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 01-10-2025 to 30-10-2026: 13 instalments, ₹1,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ITI Flexi CapITI Flexi Cap Fund (Direct) | ₹1,30,000 | ₹1,36,855 | ₹6,855 | 9.2% |
| JioBlackRock Flexi CapJioBlackRock Flexi Cap Fund (Direct) | ₹1,30,000 | ₹1,22,782 | −₹7,218 | −9.5% |
ITI Flexi CapITI Flexi Cap Fund (Direct)
JioBlackRock Flexi CapJioBlackRock 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.
ITI Flexi Cap vs JioBlackRock Flexi Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ITI Flexi Cap Fund (Direct) | JioBlackRock Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.40% | −8.49% |
| Standard deviation | 15.44% | 14.47% |
| Sharpe ratio | 0.07 | -0.95 |
| Sortino ratio | 0.10 | -1.26 |
| Maximum drawdown | −13.0% (31-03-2026) | −14.3% (30-03-2026) |
| Beta | 1.03 | 0.99 |
| Alpha | +14.15% | −1.26% |
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 | ITI Flexi Cap Fund (Direct) | JioBlackRock Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +21.51% | −7.16% |
| Standard deviation | 15.22% | 14.27% |
| Sharpe ratio | 1.01 | -0.87 |
| Sortino ratio | 1.36 | -1.16 |
| Maximum drawdown | −21.4% (28-02-2025) | −14.3% (30-03-2026) |
| Beta | 1.07 | 0.99 |
| Alpha | +8.54% | −1.13% |
From daily NAVs, 22-02-2023 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.
ITI Flexi Cap Fund (Direct)
JioBlackRock 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 |
|---|---|---|---|---|---|---|
| ITI Flexi Cap Fund (Direct) | −13.0% | 02-01-2026 | 31-03-2026 | 07-05-2026 | 37 days | −5.0% |
| JioBlackRock Flexi Cap Fund (Direct) | −14.3% | 11-02-2026 | 30-03-2026 | Not yet | -- | −9.8% |
| Nifty 500 TRI | −14.7% | 02-01-2026 | 30-03-2026 | Not yet | -- | −8.4% |
From daily values since 17-10-2025, 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.
ITI Flexi Cap Fund (Direct)
JioBlackRock Flexi Cap Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ITI Flexi Cap Fund (Direct) | 165% | 83% | 6.14% |
| JioBlackRock Flexi Cap Fund (Direct) | 98% | 105% | 2.89% |
From month-end values since 17-10-2025. 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.
ITI Flexi Cap vs JioBlackRock Flexi Cap: Portfolio Overlap
From each fund's latest monthly portfolio: ITI Flexi Cap Fund, September 2026; JioBlackRock Flexi Cap Fund, September 2026
Holdings in common
- Overlap
- 31.5%
- Held by both
- 30
- Only in ITI Flexi Cap
- 52
- Only in JioBlackRock Flexi Cap
- 107
| Security | % of ITI Flexi Cap | % of JioBlackRock Flexi Cap |
|---|---|---|
| ICICI Bank Limited | 4.61% | 5.69% |
| HDFC Bank Limited | 3.56% | 5.90% |
| Reliance Industries Limited | 3.48% | 3.05% |
| Bharti Airtel Limited | 2.27% | 4.31% |
| State Bank of India | 2.06% | 3.53% |
| Larsen & Toubro Limited | 2.07% | 1.60% |
| Navin Fluorine International Limited | 1.43% | 1.51% |
| Tata Consultancy Services Limited | 0.95% | 1.45% |
| Bajaj Finance Limited | 0.94% | 1.02% |
| Titan Company Limited | 0.93% | 1.13% |
| UltraTech Cement Limited | 0.92% | 1.33% |
| Polycab India Limited | 0.91% | 1.44% |
| TVS Motor Company Limited | 1.11% | 0.89% |
| Infosys Limited | 0.82% | 1.90% |
| Tata Motors Ltd | 0.77% | 0.81% |
| Dixon Technologies (India) Limited | 0.97% | 0.75% |
| Mahindra & Mahindra Limited | 0.67% | 2.88% |
| GE Vernova T&D India Limited | 1.16% | 0.57% |
| Axis Bank Limited | 1.73% | 0.52% |
| Ather Energy Limited | 1.82% | 0.52% |
| Apar Industries Limited | 1.74% | 0.52% |
| Max Financial Services Limited | 0.75% | 0.51% |
| Sun Pharmaceutical Industries Limited | 0.97% | 0.35% |
| ITC Limited | 0.74% | 0.34% |
| Bajaj Holdings & Investment Limited | 0.60% | 0.31% |
| Multi Commodity Exchange of India Limited | 1.49% | 0.21% |
| The Federal Bank Limited | 0.88% | 0.17% |
| NTPC Limited | 1.19% | 0.14% |
| Shriram Finance Limited | 0.97% | 0.13% |
| Kotak Mahindra Bank Limited | 1.57% | 0.07% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 31.5% means 31.5% 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 ITI Flexi Cap Fund
| Security | % of fund |
|---|---|
| Aditya Infotech Limited | 2.62% |
| VA Tech Wabag Limited | 1.72% |
| Divi's Laboratories Limited | 1.68% |
| Sai Life Sciences Limited | 1.63% |
| PTC Industries Limited | 1.56% |
Largest holdings only in JioBlackRock Flexi Cap Fund
| Security | % of fund |
|---|---|
| Tata Steel Ltd | 2.28% |
| Oil & Natural Gas Corporation Ltd | 1.92% |
| Life Insurance Corporation Of India | 1.76% |
| Nestle India Ltd | 1.65% |
| Lupin Ltd | 1.60% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ITI Flexi Cap | JioBlackRock Flexi Cap |
|---|---|---|
| Equity | 94.0% | 99.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 6.0% | 1.0% |
Market cap of stocks
| Market cap | ITI Flexi Cap | JioBlackRock Flexi Cap |
|---|---|---|
| Large Cap | 44.7% | 60.6% |
| Mid Cap | 15.5% | 18.9% |
| Small Cap | 29.2% | 19.3% |
| Not on AMFI's list | 4.7% | 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 | ITI Flexi Cap | JioBlackRock Flexi Cap |
|---|---|---|
| Banks | 15.9% | 19.8% |
| Pharmaceuticals & Biotechnology | 7.5% | 5.5% |
| Industrial Products | 5.8% | 3.7% |
| Auto Components | 5.6% | 4.0% |
| Automobiles | 4.4% | 5.5% |
| Petroleum Products | 3.5% | 5.4% |
| IT - Software | 1.8% | 5.3% |
| Ferrous Metals | 0.0% | 4.7% |
| Chemicals & Petrochemicals | 4.3% | 2.6% |
The six largest sectors of each fund's stocks, % of the fund.
ITI Flexi Cap vs JioBlackRock Flexi Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ITI Flexi Cap Fund | JioBlackRock Flexi Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.88% | 1.11% |
| Base expense ratio (Direct) | 0.53% | 0.50% |
| Total expense ratio (Regular) | 2.32% | 2.34% |
| Base expense ratio (Regular) | 1.81% | 1.50% |
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 ITI Flexi Cap with
ITI Flexi Cap Fund vs JioBlackRock Flexi Cap Fund: Frequently Asked Questions
What is the difference between ITI Flexi Cap Fund and JioBlackRock Flexi Cap Fund?
Both are Flexi Cap funds, run by ITI Mutual Fund and Jio BlackRock Mutual Fund. Their portfolios overlap 31.5%. ITI Flexi Cap Fund charges 0.88% a year and JioBlackRock Flexi Cap Fund 1.11%.
Which has given higher returns, ITI Flexi Cap Fund or JioBlackRock Flexi Cap Fund?
Over 1 year: ITI Flexi Cap Fund +6.40%, JioBlackRock Flexi Cap Fund −8.49%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ITI Flexi Cap Fund or JioBlackRock Flexi Cap Fund?
ITI Flexi Cap Fund charges less: 0.88% a year against 1.11%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ITI Flexi Cap Fund and JioBlackRock Flexi Cap Fund overlap?
31.5%. They hold 30 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, ITI Flexi Cap Fund or JioBlackRock Flexi Cap Fund?
On SEBI's riskometer, ITI Flexi Cap Fund is rated Very High and JioBlackRock Flexi Cap Fund Very High. Over 1 years, the standard deviation of daily returns was 15.44% and 14.47% a year.
Can I invest in both ITI Flexi Cap Fund and JioBlackRock Flexi Cap Fund?
Yes. 31.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages ITI Flexi Cap Fund and JioBlackRock Flexi Cap Fund?
ITI Flexi Cap Fund: Dhimant Shah, Nilay Dalal. JioBlackRock Flexi Cap Fund: Sahil Chaudhary, Tanvi Kacheria.
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.