ITI Flexi Cap Fund vs SBI Balanced Hybrid Fund
Direct Plan, Growth option · Data as on 30-10-2026
ITI Flexi Cap Fund is a Flexi Cap fund and SBI Balanced Hybrid Fund is a mutual fund. ITI Flexi Cap Fund charges 0.88% a year and SBI Balanced Hybrid Fund 1.46% (Direct plans). Their portfolios overlap 15.0%: they hold 13 of the same securities.
Which is better, ITI Flexi Cap or SBI Balanced Hybrid? 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 costs less: 0.88% a year against 1.46% (Direct plans).
- SBI Balanced Hybrid fell less in its worst fall since 04-09-2026: −3.9% against −7.9%.
- ITI Flexi Cap holds more in large companies: 44.7% of the fund in large caps against 18.7%.
- SBI Balanced Hybrid is the larger fund: ₹1,980 Cr against ₹1,588 Cr.
- Their portfolios overlap 15.0%: 13 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 | SBI Balanced Hybrid Fund |
|---|---|---|
| Fund house | ITI Mutual Fund | SBI Mutual Fund |
| Category | Flexi Cap | Not available |
| AUM | ₹1,588 Cr (30-09-2026) | ₹1,980 Cr (30-09-2026) |
| NAV | ₹20.35 (Direct) | ₹9.82 (Direct) |
| Expense ratio (Direct) | 0.88% | 1.46% |
| Expense ratio (Regular) | 2.32% | 2.61% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty 500 TRI | Not available |
| Launch date | 17-02-2023 | Not available |
| Minimum investment | ₹5,000 | Not available |
| Lock in | None | Not available |
| Fund managers | Dhimant Shah, Nilay Dalal | Not available |
| Exit load | Exit load of 0.50%, if redeemed within 3 months. | Not available |
ITI Flexi Cap vs SBI Balanced Hybrid: 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% | -- | -- |
| SBI Balanced Hybrid Fund (Direct) | −1.42% | -- | -- | -- | -- | -- | -- |
| 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.
ITI Flexi Cap vs SBI Balanced Hybrid: Year-wise Returns
| Year | ITI Flexi CapITI Flexi Cap | SBI Balanced HybridSBI Balanced Hybrid |
|---|---|---|
| 2026to date | +5.44% | -- |
| 2025 | +4.71% | -- |
| 2024 | +28.10% | -- |
ITI Flexi Cap vs SBI Balanced Hybrid: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of ITI Flexi Cap Fund
ITI Flexi Cap vs SBI Balanced Hybrid: 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) | SBI Balanced Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +21.51% | −12.09% |
| Standard deviation | 15.22% | 7.82% |
| Sharpe ratio | 1.01 | -2.23 |
| Sortino ratio | 1.36 | -2.71 |
| Maximum drawdown | −21.4% (28-02-2025) | −3.9% (23-10-2026) |
| Beta | 1.07 | -- |
| Alpha | +8.54% | -- |
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)
SBI Balanced Hybrid 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) | −7.9% | 08-09-2026 | 23-10-2026 | Not yet | -- | −4.9% |
| SBI Balanced Hybrid Fund (Direct) | −3.9% | 10-09-2026 | 23-10-2026 | Not yet | -- | −2.2% |
| Nifty 500 TRI | −7.8% | 04-09-2026 | 23-10-2026 | Not yet | -- | −5.8% |
From daily values since 04-09-2026, the first day every fund has.
ITI Flexi Cap vs SBI Balanced Hybrid: Portfolio Overlap
From each fund's latest monthly portfolio: ITI Flexi Cap Fund, September 2026; SBI Balanced Hybrid Fund, September 2026
Holdings in common
- Overlap
- 15.0%
- Held by both
- 13
- Only in ITI Flexi Cap
- 69
- Only in SBI Balanced Hybrid
- 27
| Security | % of ITI Flexi Cap | % of SBI Balanced Hybrid |
|---|---|---|
| HDFC Bank Limited | 3.56% | 1.72% |
| Kotak Mahindra Bank Limited | 1.57% | 1.69% |
| Navin Fluorine International Limited | 1.43% | 1.50% |
| Sedemac Mechatronics Limited | 1.35% | 1.77% |
| Vedanta Aluminium Metal Limited | 1.21% | 1.25% |
| Bosch Limited | 1.20% | 1.19% |
| Divi's Laboratories Limited | 1.68% | 1.17% |
| Sun Pharmaceutical Industries Limited | 0.97% | 1.38% |
| Tenneco Clean Air India Limited | 0.97% | 1.03% |
| Bajaj Finance Limited | 0.94% | 1.55% |
| Cholamandalam Investment and Finance Company Ltd | 0.85% | 1.47% |
| Concord Biotech Limited | 1.01% | 0.83% |
| Tata Motors Ltd | 0.77% | 1.02% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 15.0% means 15.0% 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 |
|---|---|
| ICICI Bank Limited | 4.61% |
| Reliance Industries Limited | 3.48% |
| Aditya Infotech Limited | 2.62% |
| Bharti Airtel Limited | 2.27% |
| Larsen & Toubro Limited | 2.07% |
Largest holdings only in SBI Balanced Hybrid Fund
| Security | % of fund |
|---|---|
| HDFC Bank Ltd. | 7.58% |
| Indian Overseas Bank | 7.58% |
| Cholamandalam Investment & Finance Co. Ltd.Perpetual | 6.19% |
| L&T Metro Rail (Hyderabad) Ltd. | 4.99% |
| Interise Trust | 4.55% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ITI Flexi Cap | SBI Balanced Hybrid |
|---|---|---|
| Equity | 94.0% | 41.8% |
| Debt | 0.0% | 37.2% |
| Cash and others | 6.0% | 21.0% |
Market cap of stocks
| Market cap | ITI Flexi Cap | SBI Balanced Hybrid |
|---|---|---|
| Large Cap | 44.7% | 18.7% |
| Mid Cap | 15.5% | 4.9% |
| Small Cap | 29.2% | 18.2% |
| Not on AMFI's list | 4.7% | 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 | ITI Flexi Cap | SBI Balanced Hybrid |
|---|---|---|
| Banks | 15.9% | 3.4% |
| Auto Components | 5.6% | 9.3% |
| Pharmaceuticals & Biotechnology | 7.5% | 8.9% |
| Industrial Products | 5.8% | 1.6% |
| Finance | 3.4% | 4.7% |
| Automobiles | 4.4% | 2.3% |
| Chemicals & Petrochemicals | 4.3% | 3.1% |
The six largest sectors of each fund's stocks, % of the fund.
ITI Flexi Cap vs SBI Balanced Hybrid: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ITI Flexi Cap Fund | SBI Balanced Hybrid Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.88% | 1.46% |
| Base expense ratio (Direct) | 0.53% | 0.56% |
| Total expense ratio (Regular) | 2.32% | 2.61% |
| Base expense ratio (Regular) | 1.81% | 1.54% |
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
ITI Flexi Cap Fund vs SBI Balanced Hybrid Fund: Frequently Asked Questions
What is the difference between ITI Flexi Cap Fund and SBI Balanced Hybrid Fund?
ITI Flexi Cap Fund is a Flexi Cap fund, SBI Balanced Hybrid Fund is a mutual fund, run by ITI Mutual Fund and SBI Mutual Fund. Their portfolios overlap 15.0%. ITI Flexi Cap Fund charges 0.88% a year and SBI Balanced Hybrid Fund 1.46%.
Which has the lower expense ratio, ITI Flexi Cap Fund or SBI Balanced Hybrid Fund?
ITI Flexi Cap Fund charges less: 0.88% a year against 1.46%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ITI Flexi Cap Fund and SBI Balanced Hybrid Fund overlap?
15.0%. They hold 13 of the same securities, the largest shared ones being HDFCBANK, KOTAKBANK, NAVINFLUOR. From each fund's latest monthly portfolio.
Can I invest in both ITI Flexi Cap Fund and SBI Balanced Hybrid Fund?
Yes. 15.0% 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.