ITI Large Cap Fund vs SBI Flexicap Fund
Direct Plan, Growth option · Data as on 30-10-2026
ITI Large Cap Fund is a Large Cap fund and SBI Flexicap Fund is a Flexi Cap fund. In the 3 years to 30-10-2026, ITI Large Cap Fund (Direct) returned 9.9% a year and SBI Flexicap Fund (Direct) returned 8.0% a year. ITI Large Cap Fund charges 0.93% a year and SBI Flexicap Fund 1.24% (Direct plans). Their portfolios overlap 40.7%: they hold 22 of the same securities.
Which is better, ITI Large Cap or SBI Flexicap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- ITI Large Cap returned more over 5 years: 7.7% a year against 6.9%.
- ITI Large Cap returned more over 3 years: 9.9% a year against 8.0%.
- ITI Large Cap costs less: 0.93% a year against 1.24% (Direct plans).
- SBI Flexicap swung less over 3 years: a standard deviation of 12.5% a year against 15.5%.
- SBI Flexicap fell less in its worst fall since 29-12-2020: −16.6% against −20.8%.
- SBI Flexicap holds 3.4% of the fund in foreign stocks; ITI Large Cap 0.0%.
- ITI Large Cap holds more in large companies: 80.6% of the fund in large caps against 60.1%.
- SBI Flexicap is the larger fund: ₹22,109 Cr against ₹352 Cr.
- Their portfolios overlap 40.7%: 22 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 Large Cap Fund | SBI Flexicap Fund |
|---|---|---|
| Fund house | ITI Mutual Fund | SBI Mutual Fund |
| Category | Large Cap | Flexi Cap |
| AUM | ₹352 Cr (30-09-2026) | ₹22,109 Cr (30-09-2026) |
| NAV | ₹18.67 (Direct) | ₹116.25 (Direct) |
| Expense ratio (Direct) | 0.93% | 1.24% |
| Expense ratio (Regular) | 2.61% | 2.03% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 100 TRI | BSE 500 TRI |
| Launch date | 24-12-2020 | 29-09-2005 |
| Minimum investment | ₹5,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Alok Ranjan, Nilay Dalal | Dinesh Balachandran, Anup Upadhyay |
| Exit load | Exit load of 0.50%, if redeemed within 3 months. | Exit load of 0.10% if redeemed within 30 days. |
ITI Large Cap vs SBI Flexicap: 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 Large Cap Fund (Direct) | −1.71% | −3.38% | −0.54% | −6.51% | +9.95% | +7.74% | -- |
| SBI Flexicap Fund (Direct) | −1.81% | −4.13% | −1.73% | −7.80% | +8.02% | +6.91% | +11.39% |
| Large Cap average | +0.62% | −4.36% | −1.05% | −6.33% | +10.38% | +8.23% | -- |
| Flexi Cap average | −1.62% | −4.17% | +1.00% | −3.58% | +12.37% | +10.04% | +13.13% |
Category average: the average of the 35 Large Cap funds and the 46 Flexi Cap funds, same plan type.
ITI Large Cap vs SBI Flexicap: Year-wise Returns
| Year | ITI Large CapITI Large Cap | SBI FlexicapSBI Flexicap |
|---|---|---|
| 2026to date | −6.75% | −8.28% |
| 2025 | +6.17% | +6.35% |
| 2024 | +16.28% | +15.19% |
| 2023 | +26.38% | +23.88% |
| 2022 | +1.95% | +1.60% |
| 2021 | +24.23% | +32.05% |
ITI Large Cap vs SBI Flexicap: Rolling Returns
Every holding period of both funds, against Nifty 100 TRI, the benchmark of ITI Large Cap Fund
Rolling returns
Every 3-year holding period, 697 of them, one for each trading day from 29-12-2023 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.
ITI Large Cap Fund (Direct)
SBI Flexicap Fund (Direct)
Nifty 100 TRI
to
Mar 2024Sept 2021
to
Sept 2024Mar 2022
to
Mar 2025Aug 2022
to
Aug 2025Feb 2023
to
Feb 2026Aug 2023
to
Aug 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ITI Large Cap | 0.0 | 0.0 | 2.6 | 38.3 | 54.1 | 5.0 | 0.0 | 15.3% | 15.6% | 8.8% | 22.1% | 97% |
| SBI Flexicap | 0.0 | 0.0 | 11.4 | 54.2 | 34.3 | 0.0 | 0.0 | 13.6% | 14.1% | 6.7% | 19.2% | 23% |
| Nifty 100 TRI | 0.0 | 0.0 | 6.9 | 53.4 | 39.7 | 0.0 | 0.0 | 14.1% | 14.1% | 7.1% | 19.6% | -- |
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 100 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 29-12-2020. Past returns do not promise future returns.
ITI Large Cap vs SBI Flexicap: 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 29-12-2020 to 30-10-2026: 71 instalments, ₹7,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ITI Large CapITI Large Cap Fund (Direct) | ₹7,10,000 | ₹9,04,788 | ₹1,94,788 | 8.1% |
| SBI FlexicapSBI Flexicap Fund (Direct) | ₹7,10,000 | ₹8,77,004 | ₹1,67,004 | 7.1% |
ITI Large CapITI Large Cap Fund (Direct)
SBI FlexicapSBI Flexicap 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 Large Cap vs SBI Flexicap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ITI Large Cap Fund (Direct) | SBI Flexicap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −6.51% | −7.80% |
| Standard deviation | 15.43% | 13.58% |
| Sharpe ratio | -0.76 | -0.96 |
| Sortino ratio | -1.03 | -1.26 |
| Maximum drawdown | −16.1% (31-03-2026) | −14.7% (30-03-2026) |
| Beta | 1.08 | 0.93 |
| Alpha | +3.25% | −1.09% |
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 Large Cap Fund (Direct) | SBI Flexicap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.95% | +8.02% |
| Standard deviation | 15.46% | 12.52% |
| Sharpe ratio | 0.25 | 0.16 |
| Sortino ratio | 0.34 | 0.22 |
| Maximum drawdown | −17.8% (28-02-2025) | −16.0% (04-03-2025) |
| Beta | 1.09 | 0.86 |
| Alpha | +0.58% | −1.31% |
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 | ITI Large Cap Fund (Direct) | SBI Flexicap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.74% | +6.91% |
| Standard deviation | 14.86% | 12.66% |
| Sharpe ratio | 0.13 | 0.09 |
| Sortino ratio | 0.18 | 0.12 |
| Maximum drawdown | −19.7% (20-06-2022) | −16.4% (20-06-2022) |
| Beta | 1.03 | 0.86 |
| Alpha | +0.48% | −1.34% |
From daily NAVs, 29-10-2021 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 Large Cap Fund (Direct) | SBI Flexicap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.06% | +14.02% |
| Standard deviation | 14.68% | 14.79% |
| Sharpe ratio | 0.38 | 0.54 |
| Sortino ratio | 0.52 | 0.72 |
| Maximum drawdown | −20.8% (20-06-2022) | −35.8% (23-03-2020) |
| Beta | 1.00 | 0.91 |
| Alpha | +0.21% | +1.82% |
From daily NAVs, 29-12-2020 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 Large Cap Fund (Direct)
SBI Flexicap Fund (Direct)
Nifty 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ITI Large Cap Fund (Direct) | −20.8% | 18-10-2021 | 20-06-2022 | 16-06-2023 | 12 months | −8.3% |
| SBI Flexicap Fund (Direct) | −16.6% | 18-10-2021 | 20-06-2022 | 15-05-2023 | 11 months | −9.2% |
| Nifty 100 TRI | −17.2% | 26-09-2024 | 28-02-2025 | 02-01-2026 | 10 months | −10.1% |
From daily values since 29-12-2020, 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 Large Cap Fund (Direct)
SBI Flexicap Fund (Direct)
Nifty 100 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.
ITI Large Cap Fund (Direct)
SBI Flexicap Fund (Direct)
Nifty 100 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
ITI Large Cap Fund (Direct)
SBI Flexicap Fund (Direct)
Nifty 100 TRI
Against Nifty 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ITI Large Cap Fund (Direct) | 100% | 98% | 4.45% |
| SBI Flexicap Fund (Direct) | 89% | 78% | 4.26% |
From month-end values since 29-12-2020. 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 Large Cap vs SBI Flexicap: Portfolio Overlap
From each fund's latest monthly portfolio: ITI Large Cap Fund, September 2026; SBI Flexicap Fund, September 2026
Holdings in common
- Overlap
- 40.7%
- Held by both
- 22
- Only in ITI Large Cap
- 25
- Only in SBI Flexicap
- 42
| Security | % of ITI Large Cap | % of SBI Flexicap |
|---|---|---|
| ICICI Bank Limited | 6.51% | 6.90% |
| HDFC Bank Limited | 4.31% | 6.24% |
| Larsen & Toubro Limited | 4.45% | 3.32% |
| Bajaj Finance Limited | 3.63% | 2.50% |
| Titan Company Limited | 2.19% | 2.41% |
| State Bank of India | 4.72% | 2.17% |
| Sun Pharmaceutical Industries Limited | 2.03% | 2.10% |
| Bharti Airtel Limited | 4.24% | 1.94% |
| Axis Bank Limited | 4.65% | 1.84% |
| Shriram Finance Limited | 1.82% | 2.00% |
| Kotak Mahindra Bank Limited | 3.14% | 1.63% |
| Apollo Hospitals Enterprise Limited | 1.53% | 2.09% |
| Varun Beverages Limited | 1.22% | 2.02% |
| Adani Ports and Special Economic Zone Limited | 2.20% | 1.21% |
| Divi's Laboratories Limited | 1.28% | 1.13% |
| Cummins India Limited | 1.22% | 1.11% |
| Bajaj Auto Limited | 1.02% | 2.65% |
| Reliance Industries Limited | 4.62% | 0.99% |
| DLF Limited | 0.82% | 1.12% |
| Eternal Limited | 2.36% | 0.59% |
| Vedanta Aluminium Metal Limited | 0.47% | 1.92% |
| JSW Energy Limited | 2.37% | 0.39% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40.7% means 40.7% 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 Large Cap Fund
| Security | % of fund |
|---|---|
| ESDS Software Solution Ltd | 5.00% |
| Bharat Electronics Limited | 3.36% |
| Mahindra & Mahindra Limited | 2.81% |
| Cholamandalam Investment and Finance Company Ltd | 2.20% |
| NTPC Limited | 2.00% |
Largest holdings only in SBI Flexicap Fund
| Security | % of fund |
|---|---|
| Aurobindo Pharma Ltd. | 3.03% |
| JSW Infrastructure Ltd. | 2.81% |
| Eicher Motors Ltd. | 2.46% |
| Life Insurance Corporation of India | 2.20% |
| Urban Company Ltd. | 2.07% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ITI Large Cap | SBI Flexicap |
|---|---|---|
| Equity | 98.0% | 97.0% |
| Debt | 0.0% | 0.4% |
| Cash and others | 2.0% | 2.6% |
Market cap of stocks
| Market cap | ITI Large Cap | SBI Flexicap |
|---|---|---|
| Large Cap | 80.6% | 60.1% |
| Mid Cap | 4.8% | 19.4% |
| Small Cap | 6.2% | 14.1% |
| Foreign stocks | 0.0% | 3.4% |
| Not on AMFI's list | 6.4% | 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 Large Cap | SBI Flexicap |
|---|---|---|
| Banks | 23.3% | 23.7% |
| Finance | 10.3% | 4.8% |
| Pharmaceuticals & Biotechnology | 3.3% | 9.1% |
| Automobiles | 7.4% | 5.1% |
| Power | 6.1% | 0.4% |
| Retailing | 2.4% | 5.7% |
| IT - Services | 5.0% | 0.0% |
| Petroleum Products | 4.6% | 2.0% |
| Industrial Products | 1.7% | 4.4% |
The six largest sectors of each fund's stocks, % of the fund.
ITI Large Cap vs SBI Flexicap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ITI Large Cap Fund | SBI Flexicap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.93% | 1.24% |
| Base expense ratio (Direct) | 0.59% | 0.72% |
| Total expense ratio (Regular) | 2.61% | 2.03% |
| Base expense ratio (Regular) | 2.09% | 1.40% |
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 Large Cap with
ITI Large Cap Fund vs SBI Flexicap Fund: Frequently Asked Questions
What is the difference between ITI Large Cap Fund and SBI Flexicap Fund?
ITI Large Cap Fund is a Large Cap fund, SBI Flexicap Fund is a Flexi Cap fund, run by ITI Mutual Fund and SBI Mutual Fund. Their portfolios overlap 40.7%. ITI Large Cap Fund charges 0.93% a year and SBI Flexicap Fund 1.24%.
Which has given higher returns, ITI Large Cap Fund or SBI Flexicap Fund?
Over 1 year: ITI Large Cap Fund −6.51%, SBI Flexicap Fund −7.80%. Over 3 years: ITI Large Cap Fund +9.95% a year, SBI Flexicap Fund +8.02% a year. Over 5 years: ITI Large Cap Fund +7.74% a year, SBI Flexicap Fund +6.91% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ITI Large Cap Fund or SBI Flexicap Fund?
ITI Large Cap Fund charges less: 0.93% a year against 1.24%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ITI Large Cap Fund and SBI Flexicap Fund overlap?
40.7%. They hold 22 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, LT. From each fund's latest monthly portfolio.
Which is riskier, ITI Large Cap Fund or SBI Flexicap Fund?
On SEBI's riskometer, ITI Large Cap Fund is rated Very High and SBI Flexicap Fund Very High. Over 3 years, the standard deviation of daily returns was 15.46% and 12.52% a year.
Which is better for SIP, ITI Large Cap Fund or SBI Flexicap Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,34,420 in ITI Large Cap Fund (XIRR 7.2% a year) and ₹7,08,334 in SBI Flexicap Fund (XIRR 5.8% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both ITI Large Cap Fund and SBI Flexicap Fund?
Yes. 40.7% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages ITI Large Cap Fund and SBI Flexicap Fund?
ITI Large Cap Fund: Alok Ranjan, Nilay Dalal. SBI Flexicap Fund: Dinesh Balachandran, Anup Upadhyay.
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.