Motilal Oswal Flexi Cap Fund vs SBI Flexicap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Motilal Oswal Flexi Cap Fund and SBI Flexicap Fund are both Flexi Cap funds. In the 3 years to 31-10-2026, Motilal Oswal Flexi Cap Fund (Direct) returned 16.8% a year and SBI Flexicap Fund (Direct) returned 8.2% a year. Motilal Oswal Flexi Cap Fund charges 1.19% a year and SBI Flexicap Fund 1.24% (Direct plans). Their portfolios overlap 10.1%: they hold 8 of the same securities.
Motilal Oswal Flexi Cap Fund
Flexi Cap
- 3 year return
- 16.8%
- Expense ratio
- 1.19%
- NAV
- ₹67.61
Which is better, Motilal Oswal Flexi 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.
- Motilal Oswal Flexi Cap returned more over 5 years: 12.5% a year against 6.9%.
- Motilal Oswal Flexi Cap returned more over 3 years: 16.8% a year against 8.2%.
- Motilal Oswal Flexi Cap costs less: 1.19% a year against 1.24% (Direct plans).
- SBI Flexicap swung less over 3 years: a standard deviation of 12.5% a year against 16.9%.
- SBI Flexicap fell less in its worst fall since 29-04-2014: −35.8% against −37.1%.
- SBI Flexicap holds 3.4% of the fund in foreign stocks; Motilal Oswal Flexi Cap 0.0%.
- SBI Flexicap holds more in large companies: 60.1% of the fund in large caps against 33.2%.
- SBI Flexicap is the larger fund: ₹22,109 Cr against ₹13,446 Cr.
- Their portfolios overlap 10.1%: 8 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 | Motilal Oswal Flexi Cap Fund | SBI Flexicap Fund |
|---|---|---|
| Fund house | Motilal Oswal Mutual Fund | SBI Mutual Fund |
| Category | Flexi Cap | Flexi Cap |
| AUM | ₹13,446 Cr (30-09-2026) | ₹22,109 Cr (30-09-2026) |
| NAV | ₹67.61 (Direct) | ₹116.25 (Direct) |
| Expense ratio (Direct) | 1.19% | 1.24% |
| Expense ratio (Regular) | 2.02% | 2.03% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | BSE 500 TRI |
| Launch date | 28-04-2014 | 29-09-2005 |
| Minimum investment | ₹500 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Ankit Agarwal, Varun Sharma, Ajay Khandelwal, Atul Mehra, Rakesh Shetty, Swapnil Mayekar | Dinesh Balachandran, Anup Upadhyay |
| Exit load | Exit load of 1%, if redeemed within 365 days. | Exit load of 0.10% if redeemed within 30 days. |
Motilal Oswal Flexi Cap vs SBI Flexicap: Returns Comparison
Returns as on 31-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Motilal Oswal Flexi Cap Fund (Direct) | −1.70% | −1.19% | +8.85% | −3.83% | +16.84% | +12.46% | +12.24% |
| SBI Flexicap Fund (Direct) | −1.82% | −4.42% | −1.73% | −7.22% | +8.16% | +6.91% | +11.39% |
| Flexi Cap average | −1.62% | −4.18% | +1.01% | −3.52% | +12.38% | +10.04% | +13.13% |
Category average: the average of the 46 Flexi Cap funds, same plan type.
Motilal Oswal Flexi Cap vs SBI Flexicap: Year-wise Returns
| Year | Motilal Oswal Flexi CapMotilal Oswal Flexi Cap | SBI FlexicapSBI Flexicap |
|---|---|---|
| 2026to date | +0.83% | −8.28% |
| 2025 | −4.82% | +6.35% |
| 2024 | +46.96% | +15.19% |
| 2023 | +32.08% | +23.88% |
| 2022 | −2.14% | +1.60% |
| 2021 | +16.33% | +32.05% |
Motilal Oswal Flexi Cap vs SBI Flexicap: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of Motilal Oswal Flexi Cap Fund
Rolling returns
Every 3-year holding period, 2,341 of them, one for each trading day from 02-05-2017 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.
Motilal Oswal Flexi Cap Fund (Direct)
SBI Flexicap Fund (Direct)
Nifty 500 TRI
to
Feb 2018Sept 2016
to
Sept 2019Apr 2018
to
Apr 2021Dec 2019
to
Dec 2022Jul 2021
to
Jul 2024Jan 2023
to
Jan 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Motilal Oswal Flexi Cap | 3.5 | 6.5 | 17.3 | 20.9 | 27.3 | 16.5 | 8.1 | 14.9% | 15.4% | −7.2% | 35.0% | 50% |
| SBI Flexicap | 1.7 | 5.4 | 8.5 | 39.1 | 32.7 | 9.8 | 2.8 | 14.4% | 14.6% | −4.3% | 30.5% | 40% |
| Nifty 500 TRI | 2.2 | 4.9 | 8.2 | 37.3 | 32.8 | 11.3 | 3.3 | 14.6% | 14.6% | −6.3% | 33.5% | -- |
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 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 29-04-2014. Past returns do not promise future returns.
Motilal Oswal Flexi 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 29-04-2014 to 30-10-2026: 151 instalments, ₹15,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Motilal Oswal Flexi CapMotilal Oswal Flexi Cap Fund (Direct) | ₹15,10,000 | ₹36,94,560 | ₹21,84,560 | 13.4% |
| SBI FlexicapSBI Flexicap Fund (Direct) | ₹15,10,000 | ₹32,48,772 | ₹17,38,772 | 11.5% |
Motilal Oswal Flexi CapMotilal Oswal Flexi 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.
Motilal Oswal Flexi Cap vs SBI Flexicap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Motilal Oswal Flexi Cap Fund (Direct) | SBI Flexicap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −3.83% | −7.22% |
| Standard deviation | 16.70% | 13.56% |
| Sharpe ratio | -0.54 | -0.92 |
| Sortino ratio | -0.74 | -1.21 |
| Maximum drawdown | −19.1% (23-03-2026) | −14.7% (30-03-2026) |
| Beta | 1.02 | 0.93 |
| Alpha | +3.74% | −0.98% |
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 | Motilal Oswal Flexi Cap Fund (Direct) | SBI Flexicap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +16.84% | +8.16% |
| Standard deviation | 16.89% | 12.51% |
| Sharpe ratio | 0.64 | 0.17 |
| Sortino ratio | 0.89 | 0.23 |
| Maximum drawdown | −21.6% (23-03-2026) | −16.0% (04-03-2025) |
| Beta | 1.02 | 0.86 |
| Alpha | +6.55% | −1.23% |
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 | Motilal Oswal Flexi Cap Fund (Direct) | SBI Flexicap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.46% | +6.91% |
| Standard deviation | 16.13% | 12.66% |
| Sharpe ratio | 0.41 | 0.09 |
| Sortino ratio | 0.57 | 0.12 |
| Maximum drawdown | −21.6% (23-03-2026) | −16.4% (20-06-2022) |
| Beta | 0.99 | 0.86 |
| Alpha | +3.66% | −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 | Motilal Oswal Flexi Cap Fund (Direct) | SBI Flexicap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +16.56% | +14.02% |
| Standard deviation | 16.70% | 14.79% |
| Sharpe ratio | 0.64 | 0.54 |
| Sortino ratio | 0.87 | 0.72 |
| Maximum drawdown | −37.1% (23-03-2020) | −35.8% (23-03-2020) |
| Beta | 0.96 | 0.91 |
| Alpha | +3.61% | +1.82% |
From daily NAVs, 29-04-2014 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.
Motilal Oswal Flexi Cap Fund (Direct)
SBI Flexicap Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Motilal Oswal Flexi Cap Fund (Direct) | −37.1% | 19-02-2020 | 23-03-2020 | 17-11-2020 | 8 months | −7.1% |
| SBI Flexicap Fund (Direct) | −35.8% | 24-01-2020 | 23-03-2020 | 17-11-2020 | 8 months | −9.2% |
| Nifty 500 TRI | −38.1% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −8.8% |
From daily values since 29-04-2014, 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.
Motilal Oswal Flexi Cap Fund (Direct)
SBI Flexicap Fund (Direct)
Nifty 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.
Motilal Oswal Flexi Cap Fund (Direct)
SBI Flexicap Fund (Direct)
Nifty 500 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.
Motilal Oswal Flexi Cap Fund (Direct)
SBI Flexicap Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Motilal Oswal Flexi Cap Fund (Direct) | 102% | 85% | 7.87% |
| SBI Flexicap Fund (Direct) | 96% | 86% | 4.00% |
From month-end values since 29-04-2014. 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.
Motilal Oswal Flexi Cap vs SBI Flexicap: Portfolio Overlap
From each fund's latest monthly portfolio: Motilal Oswal Flexi Cap Fund, September 2026; SBI Flexicap Fund, September 2026
Holdings in common
- Overlap
- 10.1%
- Held by both
- 8
- Only in Motilal Oswal Flexi Cap
- 23
- Only in SBI Flexicap
- 56
| Security | % of Motilal Oswal Flexi Cap | % of SBI Flexicap |
|---|---|---|
| Coforge Limited | 4.36% | 2.06% |
| Shriram Finance Limited | 3.82% | 2.00% |
| Apollo Hospitals Enterprise Limited | 1.69% | 2.09% |
| Multi Commodity Exchange of India Limited | 3.77% | 1.43% |
| RBL Bank Limited | 3.16% | 1.10% |
| Samvardhana Motherson International Limited | 2.43% | 1.05% |
| Eternal Limited | 6.54% | 0.59% |
| Muthoot Finance Limited | 2.12% | 0.19% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 10.1% means 10.1% 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 Motilal Oswal Flexi Cap Fund
| Security | % of fund |
|---|---|
| Kalyan Jewellers India Limited | 8.23% |
| CG Power and Industrial Solutions Limited | 5.65% |
| Sterlite Technologies Limited | 4.43% |
| Diamond Power Infrastructure Ltd. | 3.97% |
| Aditya Infotech Limited | 3.86% |
Largest holdings only in SBI Flexicap Fund
| Security | % of fund |
|---|---|
| ICICI Bank Ltd. | 6.90% |
| HDFC Bank Ltd. | 6.24% |
| Larsen & Toubro Ltd. | 3.32% |
| Aurobindo Pharma Ltd. | 3.03% |
| JSW Infrastructure Ltd. | 2.81% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Motilal Oswal Flexi Cap | SBI Flexicap |
|---|---|---|
| Equity | 96.7% | 97.0% |
| Debt | 0.0% | 0.4% |
| Cash and others | 3.3% | 2.6% |
Market cap of stocks
| Market cap | Motilal Oswal Flexi Cap | SBI Flexicap |
|---|---|---|
| Large Cap | 33.2% | 60.1% |
| Mid Cap | 32.4% | 19.4% |
| Small Cap | 28.6% | 14.1% |
| Foreign stocks | 0.0% | 3.4% |
| Not on AMFI's list | 2.5% | 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 | Motilal Oswal Flexi Cap | SBI Flexicap |
|---|---|---|
| Banks | 6.2% | 23.7% |
| Electrical Equipment | 18.2% | 0.0% |
| Consumer Durables | 12.9% | 2.8% |
| Pharmaceuticals & Biotechnology | 5.4% | 9.1% |
| Finance | 7.8% | 4.8% |
| Capital Markets | 7.7% | 1.4% |
| IT - Software | 7.5% | 4.2% |
| Retailing | 6.5% | 5.7% |
| Automobiles | 5.7% | 5.1% |
| Industrial Products | 2.0% | 4.4% |
The six largest sectors of each fund's stocks, % of the fund.
Motilal Oswal Flexi Cap vs SBI Flexicap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Motilal Oswal Flexi Cap Fund | SBI Flexicap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.19% | 1.24% |
| Base expense ratio (Direct) | 0.72% | 0.72% |
| Total expense ratio (Regular) | 2.02% | 2.03% |
| Base expense ratio (Regular) | 1.45% | 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 Motilal Oswal Flexi Cap with
Motilal Oswal Flexi Cap Fund vs SBI Flexicap Fund: Frequently Asked Questions
What is the difference between Motilal Oswal Flexi Cap Fund and SBI Flexicap Fund?
Both are Flexi Cap funds, run by Motilal Oswal Mutual Fund and SBI Mutual Fund. Their portfolios overlap 10.1%. Motilal Oswal Flexi Cap Fund charges 1.19% a year and SBI Flexicap Fund 1.24%.
Which has given higher returns, Motilal Oswal Flexi Cap Fund or SBI Flexicap Fund?
Over 1 year: Motilal Oswal Flexi Cap Fund −3.83%, SBI Flexicap Fund −7.22%. Over 3 years: Motilal Oswal Flexi Cap Fund +16.84% a year, SBI Flexicap Fund +8.16% a year. Over 5 years: Motilal Oswal Flexi Cap Fund +12.46% a year, SBI Flexicap Fund +6.91% a year. As on 31-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Motilal Oswal Flexi Cap Fund or SBI Flexicap Fund?
Motilal Oswal Flexi Cap Fund charges less: 1.19% a year against 1.24%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Motilal Oswal Flexi Cap Fund and SBI Flexicap Fund overlap?
10.1%. They hold 8 of the same securities, the largest shared ones being COFORGE, SHRIRAMFIN, APOLLOHOSP. From each fund's latest monthly portfolio.
Which is riskier, Motilal Oswal Flexi Cap Fund or SBI Flexicap Fund?
On SEBI's riskometer, Motilal Oswal Flexi Cap Fund is rated Very High and SBI Flexicap Fund Very High. Over 3 years, the standard deviation of daily returns was 16.89% and 12.51% a year.
Which is better for SIP, Motilal Oswal Flexi 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 ₹8,60,529 in Motilal Oswal Flexi Cap Fund (XIRR 13.5% a year) and ₹7,08,326 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 Motilal Oswal Flexi Cap Fund and SBI Flexicap Fund?
Yes. 10.1% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Motilal Oswal Flexi Cap Fund and SBI Flexicap Fund?
Motilal Oswal Flexi Cap Fund: Ankit Agarwal, Varun Sharma, Ajay Khandelwal, Atul Mehra, Rakesh Shetty, Swapnil Mayekar. 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.