Mirae Asset Multicap Fund vs Tata Flexi Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Mirae Asset Multicap Fund is a Multi Cap fund and Tata Flexi Cap Fund is a Flexi Cap fund. In the 3 years to 30-10-2026, Mirae Asset Multicap Fund (Direct) returned 12.1% a year and Tata Flexi Cap Fund (Direct) returned 9.1% a year. Mirae Asset Multicap Fund charges 0.89% a year and Tata Flexi Cap Fund 0.89% (Direct plans). Their portfolios overlap 33.5%: they hold 24 of the same securities.
Mirae Asset Multicap Fund
Multi Cap
- 3 year return
- 12.1%
- Expense ratio
- 0.89%
- NAV
- ₹14.30
Which is better, Mirae Asset Multicap or Tata 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.
- Mirae Asset Multicap returned more over 3 years: 12.1% a year against 9.1%.
- Mirae Asset Multicap returned more over 1 year: −6.8% against −10.2%.
- Tata Flexi Cap swung less over 3 years: a standard deviation of 12.7% a year against 14.5%.
- Tata Flexi Cap fell less in its worst fall since 22-08-2023: −14.6% against −18.2%.
- Tata Flexi Cap holds more in large companies: 58.8% of the fund in large caps against 35.8%.
- Mirae Asset Multicap is the larger fund: ₹5,379 Cr against ₹3,454 Cr.
- Their portfolios overlap 33.5%: 24 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 | Mirae Asset Multicap Fund | Tata Flexi Cap Fund |
|---|---|---|
| Fund house | Mirae Asset Mutual Fund | Tata Mutual Fund |
| Category | Multi Cap | Flexi Cap |
| AUM | ₹5,379 Cr (30-09-2026) | ₹3,454 Cr (30-09-2026) |
| NAV | ₹14.30 (Direct) | ₹25.03 (Direct) |
| Expense ratio (Direct) | 0.89% | 0.89% |
| Expense ratio (Regular) | 2.27% | 2.13% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 500 Multicap 50:25:25 Total Return Index | Nifty 500 TRI |
| Launch date | 21-08-2023 | 06-09-2018 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Ankit Jain | Anand Sharma, Aditya Bagul |
| Exit load | Exit load of 1%, if redeemed within 365 days. | Redemption/Switch-out/SWP/STP: 1. On or before 30 days from the date of allotment: 0.50%. 2. After 30 days from the date of allotment: NIL. |
Mirae Asset Multicap vs Tata 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 |
|---|---|---|---|---|---|---|---|
| Mirae Asset Multicap Fund (Direct) | −3.90% | −7.35% | −2.30% | −6.78% | +12.13% | -- | -- |
| Tata Flexi Cap Fund (Direct) | −1.02% | −6.54% | −4.90% | −10.21% | +9.08% | +7.88% | -- |
| Multi Cap average | −2.65% | −3.95% | +1.99% | −1.14% | +13.54% | -- | -- |
| Flexi Cap average | −1.62% | −4.17% | +1.00% | −3.58% | +12.37% | +10.04% | -- |
Category average: the average of the 33 Multi Cap funds and the 46 Flexi Cap funds, same plan type.
Mirae Asset Multicap vs Tata Flexi Cap: Year-wise Returns
| Year | Mirae Asset MulticapMirae Asset Multicap | Tata Flexi CapTata Flexi Cap |
|---|---|---|
| 2026to date | −6.61% | −10.28% |
| 2025 | +9.84% | +12.01% |
| 2024 | +18.89% | +14.03% |
| 2023 | -- | +29.48% |
| 2022 | -- | −2.15% |
| 2021 | -- | +28.33% |
Mirae Asset Multicap vs Tata Flexi Cap: Rolling Returns
Every holding period of both funds, against Nifty500 Multicap 50:25:25 TRI, the benchmark of Mirae Asset Multicap Fund
Rolling returns
Every 3-year holding period, 45 of them, one for each trading day from 24-08-2026 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.
Mirae Asset Multicap Fund (Direct)
Tata Flexi Cap Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
to
Aug 2026Sept 2023
to
Sept 2026Sept 2023
to
Sept 2026Oct 2023
to
Oct 2026Oct 2023
to
Oct 2026Oct 2023
to
Oct 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mirae Asset Multicap | 0.0 | 0.0 | 0.0 | 82.2 | 17.8 | 0.0 | 0.0 | 13.4% | 12.9% | 11.5% | 16.0% | 100% |
| Tata Flexi Cap | 0.0 | 0.0 | 68.9 | 31.1 | 0.0 | 0.0 | 0.0 | 9.6% | 9.3% | 7.9% | 11.9% | 0% |
| Nifty500 Multicap 50:25:25 TRI | 0.0 | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 11.9% | 11.5% | 10.1% | 14.7% | -- |
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 Nifty500 Multicap 50:25:25 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 22-08-2023. Past returns do not promise future returns.
Mirae Asset Multicap vs Tata 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 22-08-2023 to 30-10-2026: 39 instalments, ₹3,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Mirae Asset MulticapMirae Asset Multicap Fund (Direct) | ₹3,90,000 | ₹4,18,404 | ₹28,404 | 4.3% |
| Tata Flexi CapTata Flexi Cap Fund (Direct) | ₹3,90,000 | ₹3,99,117 | ₹9,117 | 1.4% |
Mirae Asset MulticapMirae Asset Multicap Fund (Direct)
Tata Flexi CapTata 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.
Mirae Asset Multicap vs Tata Flexi Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Mirae Asset Multicap Fund (Direct) | Tata Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −6.78% | −10.21% |
| Standard deviation | 14.49% | 13.19% |
| Sharpe ratio | -0.83 | -1.17 |
| Sortino ratio | -1.09 | -1.54 |
| Maximum drawdown | −14.7% (30-03-2026) | −14.1% (31-03-2026) |
| Beta | 0.95 | 0.90 |
| Alpha | −1.31% | −4.10% |
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 | Mirae Asset Multicap Fund (Direct) | Tata Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.13% | +9.08% |
| Standard deviation | 14.47% | 12.68% |
| Sharpe ratio | 0.42 | 0.24 |
| Sortino ratio | 0.57 | 0.33 |
| Maximum drawdown | −18.2% (28-02-2025) | −14.6% (03-03-2025) |
| Beta | 0.94 | 0.86 |
| Alpha | +1.19% | −0.56% |
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 | Mirae Asset Multicap Fund (Direct) | Tata Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.69% | +11.95% |
| Standard deviation | 14.25% | 15.24% |
| Sharpe ratio | 0.39 | 0.44 |
| Sortino ratio | 0.53 | 0.59 |
| Maximum drawdown | −18.2% (28-02-2025) | −33.5% (23-03-2020) |
| Beta | 0.94 | 0.87 |
| Alpha | +1.16% | +1.17% |
From daily NAVs, 22-08-2023 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.
Mirae Asset Multicap Fund (Direct)
Tata Flexi Cap Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Mirae Asset Multicap Fund (Direct) | −18.2% | 27-09-2024 | 28-02-2025 | 26-06-2025 | 4 months | −9.1% |
| Tata Flexi Cap Fund (Direct) | −14.6% | 26-09-2024 | 03-03-2025 | 09-06-2025 | 3 months | −11.0% |
| Nifty500 Multicap 50:25:25 TRI | −19.8% | 26-09-2024 | 03-03-2025 | 03-08-2026 | 17 months | −8.0% |
From daily values since 22-08-2023, 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.
Mirae Asset Multicap Fund (Direct)
Tata Flexi Cap Fund (Direct)
Nifty500 Multicap 50:25:25 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.
Mirae Asset Multicap Fund (Direct)
Tata Flexi Cap Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
Against Nifty500 Multicap 50:25:25 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Mirae Asset Multicap Fund (Direct) | 102% | 99% | 2.34% |
| Tata Flexi Cap Fund (Direct) | 76% | 72% | 5.37% |
From month-end values since 22-08-2023. 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.
Mirae Asset Multicap vs Tata Flexi Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Mirae Asset Multicap Fund, September 2026; Tata Flexi Cap Fund, September 2026
Holdings in common
- Overlap
- 33.5%
- Held by both
- 24
- Only in Mirae Asset Multicap
- 58
- Only in Tata Flexi Cap
- 45
| Security | % of Mirae Asset Multicap | % of Tata Flexi Cap |
|---|---|---|
| HDFC Bank Ltd. | 5.51% | 6.28% |
| ICICI Bank Ltd. | 3.98% | 6.13% |
| Axis Bank Ltd. | 3.35% | 3.87% |
| Bharti Airtel Ltd. | 2.29% | 3.79% |
| Reliance Industries Ltd. | 1.99% | 4.23% |
| Larsen & Toubro Ltd. | 1.50% | 2.62% |
| IndusInd Bank Ltd. | 1.39% | 1.66% |
| Maruti Suzuki India Ltd. | 1.24% | 2.28% |
| Kotak Mahindra Bank Ltd. | 1.19% | 1.83% |
| Tata Consultancy Services Ltd. | 1.14% | 1.41% |
| ITC Ltd. | 1.02% | 1.67% |
| Orient Electric Ltd. | 0.90% | 1.50% |
| HDFC Life Insurance Company Ltd. | 0.85% | 1.62% |
| GO Digit General Insurance Ltd. | 1.11% | 0.82% |
| PI Industries Ltd. | 0.80% | 1.05% |
| Tata Steel Ltd. | 1.21% | 0.80% |
| Swiggy Ltd. | 1.93% | 0.78% |
| Hero MotoCorp Ltd. | 1.96% | 0.76% |
| Sun Pharmaceutical Industries Ltd. | 0.76% | 1.31% |
| Syngene International Ltd. | 0.70% | 1.43% |
| Tenneco Clean Air India Ltd. | 0.61% | 1.14% |
| Bharat Forge Ltd. | 0.53% | 0.74% |
| Symbiotec Pharmalab Ltd | 1.20% | 0.52% |
| State Bank of India | 0.05% | 1.53% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 33.5% means 33.5% 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 Mirae Asset Multicap Fund
| Security | % of fund |
|---|---|
| Delhivery Ltd. | 2.55% |
| Dalmia Bharat Ltd. | 2.12% |
| Steel Authority of India Ltd. | 2.00% |
| Gland Pharma Ltd. | 1.99% |
| HDB Financial Services Ltd. | 1.90% |
Largest holdings only in Tata Flexi Cap Fund
| Security | % of fund |
|---|---|
| NTPC LTD | 2.46% |
| SBI LIFE INSURANCE COMPANY LTD | 2.04% |
| PIDILITE INDUSTRIES LTD | 1.66% |
| ABBOTT INDIA LTD | 1.63% |
| GRAPHITE INDIA LTD | 1.53% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Mirae Asset Multicap | Tata Flexi Cap |
|---|---|---|
| Equity | 99.5% | 94.8% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.5% | 5.2% |
Market cap of stocks
| Market cap | Mirae Asset Multicap | Tata Flexi Cap |
|---|---|---|
| Large Cap | 35.8% | 58.8% |
| Mid Cap | 25.7% | 15.5% |
| Small Cap | 34.3% | 18.2% |
| Not on AMFI's list | 3.7% | 2.3% |
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 | Mirae Asset Multicap | Tata Flexi Cap |
|---|---|---|
| Banks | 17.4% | 21.3% |
| Pharmaceuticals & Biotechnology | 8.5% | 4.2% |
| Consumer Durables | 6.6% | 5.2% |
| Insurance | 3.0% | 6.0% |
| Petroleum Products | 2.0% | 5.2% |
| Telecom - Services | 3.8% | 5.2% |
| Industrial Products | 4.8% | 2.0% |
| Auto Components | 4.6% | 2.5% |
| Transport Services | 4.4% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Mirae Asset Multicap vs Tata Flexi Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Mirae Asset Multicap Fund | Tata Flexi Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.89% | 0.89% |
| Base expense ratio (Direct) | 0.43% | 0.59% |
| Total expense ratio (Regular) | 2.27% | 2.13% |
| Base expense ratio (Regular) | 1.60% | 1.65% |
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 Mirae Asset Multicap with
Mirae Asset Multicap Fund vs Tata Flexi Cap Fund: Frequently Asked Questions
What is the difference between Mirae Asset Multicap Fund and Tata Flexi Cap Fund?
Mirae Asset Multicap Fund is a Multi Cap fund, Tata Flexi Cap Fund is a Flexi Cap fund, run by Mirae Asset Mutual Fund and Tata Mutual Fund. Their portfolios overlap 33.5%. Mirae Asset Multicap Fund charges 0.89% a year and Tata Flexi Cap Fund 0.89%.
Which has given higher returns, Mirae Asset Multicap Fund or Tata Flexi Cap Fund?
Over 1 year: Mirae Asset Multicap Fund −6.78%, Tata Flexi Cap Fund −10.21%. Over 3 years: Mirae Asset Multicap Fund +12.13% a year, Tata Flexi Cap Fund +9.08% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Mirae Asset Multicap Fund or Tata Flexi Cap Fund?
Both charge 0.89% a year.
How much do Mirae Asset Multicap Fund and Tata Flexi Cap Fund overlap?
33.5%. They hold 24 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, AXISBANK. From each fund's latest monthly portfolio.
Which is riskier, Mirae Asset Multicap Fund or Tata Flexi Cap Fund?
On SEBI's riskometer, Mirae Asset Multicap Fund is rated Very High and Tata Flexi Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 14.47% and 12.68% a year.
Which is better for SIP, Mirae Asset Multicap Fund or Tata Flexi Cap Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,90,261 in Mirae Asset Multicap Fund (XIRR 3.4% a year) and ₹3,73,170 in Tata Flexi Cap Fund (XIRR 0.5% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Mirae Asset Multicap Fund and Tata Flexi Cap Fund?
Yes. 33.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Mirae Asset Multicap Fund and Tata Flexi Cap Fund?
Mirae Asset Multicap Fund: Ankit Jain. Tata Flexi Cap Fund: Anand Sharma, Aditya Bagul.
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.