Navi Flexi Cap Fund vs Navi Large & Midcap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Navi Flexi Cap Fund is a Flexi Cap fund and Navi Large & Midcap Fund is a Large & Mid Cap fund. In the 3 years to 30-10-2026, Navi Flexi Cap Fund (Direct) returned 10.9% a year and Navi Large & Midcap Fund (Direct) returned 9.6% a year. Navi Flexi Cap Fund charges 0.70% a year and Navi Large & Midcap Fund 0.65% (Direct plans). Their portfolios overlap 58.9%: they hold 53 of the same securities.
Navi Large & Midcap Fund
Large & Mid Cap
- 3 year return
- 9.6%
- Expense ratio
- 0.65%
- NAV
- ₹41.76
Which is better, Navi Flexi Cap or Navi Large & Midcap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Navi Flexi Cap returned more over 5 years: 9.7% a year against 8.9%.
- Navi Flexi Cap returned more over 3 years: 10.9% a year against 9.6%.
- Navi Large & Midcap costs less: 0.65% a year against 0.70% (Direct plans).
- Navi Flexi Cap swung less over 3 years: a standard deviation of 14.1% a year against 14.6%.
- Navi Flexi Cap fell less in its worst fall since 10-07-2018: −37.9% against −38.4%.
- Navi Large & Midcap is the larger fund: ₹292 Cr against ₹286 Cr.
- Their portfolios overlap 58.9%: 53 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 | Navi Flexi Cap Fund | Navi Large & Midcap Fund |
|---|---|---|
| Fund house | Navi Mutual Fund | Navi Mutual Fund |
| Category | Flexi Cap | Large & Mid Cap |
| AUM | ₹286 Cr (30-09-2026) | ₹292 Cr (30-09-2026) |
| NAV | ₹27.66 (Direct) | ₹41.76 (Direct) |
| Expense ratio (Direct) | 0.70% | 0.65% |
| Expense ratio (Regular) | 2.57% | 2.53% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | Nifty LargeMidcap 250 TRI |
| Launch date | 09-07-2018 | 07-12-2015 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Ashutosh Shirwaikar | Ashutosh Shirwaikar |
| Exit load | NIL | NIL |
Navi Flexi Cap vs Navi Large & Midcap: 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 |
|---|---|---|---|---|---|---|---|
| Navi Flexi Cap Fund (Direct) | −2.89% | −4.52% | +2.44% | +1.80% | +10.91% | +9.70% | -- |
| Navi Large & Midcap Fund (Direct) | −1.73% | −6.21% | −0.68% | −4.13% | +9.57% | +8.91% | +12.69% |
| Flexi Cap average | −1.62% | −4.17% | +1.00% | −3.58% | +12.37% | +10.04% | -- |
| Large & Mid Cap average | −1.78% | −5.20% | −0.43% | −3.99% | +13.28% | +11.36% | +13.62% |
Category average: the average of the 46 Flexi Cap funds and the 36 Large & Mid Cap funds, same plan type.
Navi Flexi Cap vs Navi Large & Midcap: Year-wise Returns
| Year | Flexi CapNavi Flexi Cap | Large & MidcapNavi Large & Midcap |
|---|---|---|
| 2026to date | +1.34% | −3.47% |
| 2025 | +6.53% | +3.21% |
| 2024 | +13.47% | +18.38% |
| 2023 | +26.53% | +25.80% |
| 2022 | +2.47% | +2.26% |
| 2021 | +35.42% | +47.12% |
Navi Flexi Cap vs Navi Large & Midcap: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of Navi Flexi Cap Fund
Rolling returns
Every 3-year holding period, 1,306 of them, one for each trading day from 12-07-2021 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.
Navi Flexi Cap Fund (Direct)
Navi Large & Midcap Fund (Direct)
Nifty 500 TRI
to
Dec 2021Nov 2019
to
Nov 2022Oct 2020
to
Oct 2023Aug 2021
to
Aug 2024Jul 2022
to
Jul 2025May 2023
to
May 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Navi Flexi Cap | 0.0 | 0.0 | 0.2 | 35.5 | 43.5 | 13.2 | 7.5 | 17.3% | 16.5% | 9.6% | 32.0% | 29% |
| Navi Large & Midcap | 0.0 | 0.0 | 2.5 | 24.2 | 39.5 | 21.1 | 12.7 | 18.6% | 18.2% | 8.5% | 35.2% | 54% |
| Nifty 500 TRI | 0.0 | 0.0 | 1.5 | 20.4 | 51.9 | 20.3 | 5.9 | 18.0% | 17.7% | 8.8% | 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 10-07-2018. Past returns do not promise future returns.
Navi Flexi Cap vs Navi Large & Midcap: 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 10-07-2018 to 30-10-2026: 100 instalments, ₹10,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Navi Flexi CapNavi Flexi Cap Fund (Direct) | ₹10,00,000 | ₹17,58,496 | ₹7,58,496 | 13.2% |
| Navi Large & MidcapNavi Large & Midcap Fund (Direct) | ₹10,00,000 | ₹17,29,961 | ₹7,29,961 | 12.8% |
Navi Flexi CapNavi Flexi Cap Fund (Direct)
Navi Large & MidcapNavi Large & Midcap 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.
Navi Flexi Cap vs Navi Large & Midcap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Navi Flexi Cap Fund (Direct) | Navi Large & Midcap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +1.80% | −4.13% |
| Standard deviation | 15.77% | 15.92% |
| Sharpe ratio | -0.22 | -0.59 |
| Sortino ratio | -0.30 | -0.80 |
| Maximum drawdown | −12.7% (31-03-2026) | −14.6% (31-03-2026) |
| Beta | 1.05 | 1.05 |
| Alpha | +9.78% | +2.91% |
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 | Navi Flexi Cap Fund (Direct) | Navi Large & Midcap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.91% | +9.57% |
| Standard deviation | 14.08% | 14.62% |
| Sharpe ratio | 0.35 | 0.24 |
| Sortino ratio | 0.48 | 0.33 |
| Maximum drawdown | −19.3% (28-02-2025) | −18.8% (28-02-2025) |
| Beta | 0.95 | 0.95 |
| Alpha | +0.92% | −1.68% |
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 | Navi Flexi Cap Fund (Direct) | Navi Large & Midcap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.70% | +8.91% |
| Standard deviation | 14.09% | 14.54% |
| Sharpe ratio | 0.28 | 0.21 |
| Sortino ratio | 0.38 | 0.29 |
| Maximum drawdown | −19.3% (28-02-2025) | −18.8% (28-02-2025) |
| Beta | 0.95 | 0.95 |
| Alpha | +1.04% | −1.45% |
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 | Navi Flexi Cap Fund (Direct) | Navi Large & Midcap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.00% | +14.02% |
| Standard deviation | 16.72% | 15.43% |
| Sharpe ratio | 0.46 | 0.55 |
| Sortino ratio | 0.62 | 0.73 |
| Maximum drawdown | −37.9% (23-03-2020) | −38.4% (23-03-2020) |
| Beta | 0.97 | -- |
| Alpha | +1.27% | -- |
From daily NAVs, 10-07-2018 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.
Navi Flexi Cap Fund (Direct)
Navi Large & Midcap Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Navi Flexi Cap Fund (Direct) | −37.9% | 12-02-2020 | 23-03-2020 | 24-11-2020 | 8 months | −7.0% |
| Navi Large & Midcap Fund (Direct) | −38.4% | 07-02-2020 | 23-03-2020 | 01-12-2020 | 8 months | −8.3% |
| Nifty 500 TRI | −38.1% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −8.8% |
From daily values since 10-07-2018, 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.
Navi Flexi Cap Fund (Direct)
Navi Large & Midcap 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.
Navi Flexi Cap Fund (Direct)
Navi Large & Midcap 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.
Navi Flexi Cap Fund (Direct)
Navi Large & Midcap Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Navi Flexi Cap Fund (Direct) | 99% | 93% | 4.16% |
| Navi Large & Midcap Fund (Direct) | 98% | 91% | 5.51% |
From month-end values since 10-07-2018. 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.
Navi Flexi Cap vs Navi Large & Midcap: Portfolio Overlap
From each fund's latest monthly portfolio: Navi Flexi Cap Fund, September 2026; Navi Large & Midcap Fund, September 2026
Holdings in common
- Overlap
- 58.9%
- Held by both
- 53
- Only in Navi Flexi Cap
- 19
- Only in Navi Large & Midcap
- 27
| Security | % of Navi Flexi Cap | % of Navi Large & Midcap |
|---|---|---|
| AXIS BANK LIMITED | 3.62% | 3.19% |
| HDFC BANK LIMITED | 3.26% | 2.98% |
| KOTAK MAHINDRA BANK LIMITED | 2.99% | 2.89% |
| SAMVARDHANA MOTHERSON INTERNATIONAL LTD | 2.91% | 2.65% |
| ICICI BANK LIMITED | 3.60% | 2.37% |
| ASTRAL LIMITED | 1.75% | 2.93% |
| RELIANCE INDUSTRIES LIMITED | 1.78% | 1.61% |
| YASH HIGHVOLTAGE LTD | 2.29% | 1.58% |
| LARSEN & TOUBRO LIMITED | 1.58% | 1.74% |
| BHARTI AIRTEL LIMITED | 1.81% | 1.57% |
| VARUN BEVERAGES LIMITED | 1.95% | 1.55% |
| APOLLO HOSPITALS ENTERPRISE LIMITED | 1.43% | 2.24% |
| RAINBOW CHILDRENS MEDICARE LIMITED | 2.20% | 1.42% |
| TATA CONSULTANCY SERVICES LIMITED | 1.40% | 1.64% |
| 360 ONE WAM LIMITED | 1.30% | 1.45% |
| BSE LTD | 1.30% | 1.27% |
| UNITED SPIRITS LIMITED | 1.49% | 1.25% |
| INFOSYS LIMITED | 1.23% | 1.64% |
| ACTION CONSTRUCTION EQUIPMENT LTD | 1.66% | 1.22% |
| UNO MINDA LIMITED | 1.21% | 1.40% |
| USHA MARTIN LTD | 3.07% | 1.17% |
| MOTILAL OSWAL FINANCIAL SERVICES LIMITED | 1.55% | 1.16% |
| BLS INTERNATIONAL SERVICES LIMITED | 2.04% | 1.14% |
| UPL LIMITED | 1.13% | 2.59% |
| INTERGLOBE AVIATION LIMITED | 1.39% | 1.11% |
| SHRIRAM FINANCE LIMITED | 1.24% | 1.11% |
| INDEGENE LIMITED | 0.98% | 1.74% |
| INTERARCH BUILDING SOLUTIONS LIMITED | 2.27% | 0.95% |
| CANARA ROBECO MUTUAL FUND | 1.48% | 0.87% |
| INFO EDGE (INDIA) LIMITED | 0.87% | 1.34% |
| POWER FINANCE CORPORATION LIMITED | 0.85% | 0.81% |
| SHANTI GOLD INTERNATIONAL LIMITED | 2.09% | 0.77% |
| BANK OF MAHARASHTRA | 0.77% | 2.37% |
| LUMAX INDUSTRIES LIMITED | 1.56% | 0.76% |
| BANK OF BARODA | 0.74% | 1.35% |
| ADITYA BIRLA SUN LIFE MUTUAL FUND | 1.18% | 0.72% |
| FIEM INDUSTRIES LTD | 1.93% | 0.67% |
| C.E. INFO SYSTEMS LIMITED | 0.88% | 0.65% |
| ADITYA BIRLA CAPITAL LIMITED | 0.63% | 0.78% |
| REC LIMITED | 0.75% | 0.59% |
| NARAYANA HRUDAYALAYA LIMITED | 0.59% | 1.23% |
| POWERICA LIMITED | 1.51% | 0.57% |
| SUN PHARMACEUTICAL INDUSTRIES LIMITED | 1.11% | 0.53% |
| GLENMARK PHARMACEUTICALS LIMITED | 0.53% | 0.56% |
| GNG ELECTRONICS LIMITED | 1.33% | 0.51% |
| SKY GOLD AND DIAMONDS LIMITED | 1.30% | 0.50% |
| HDFC ASSET MANAGEMENT COMPANY LIMITED | 0.48% | 1.60% |
| ZEN TECHNOLOGIES LIMITED | 0.62% | 0.44% |
| STATE BANK OF INDIA | 0.42% | 1.84% |
| KEWAL KIRAN CLOTHING LTD | 0.40% | 0.50% |
| REDINGTON LIMITED | 0.45% | 0.36% |
| UNION BANK OF INDIA | 0.26% | 0.32% |
| NIPPON LIFE INDIA ASSET MANAGEMENT LTD | 0.26% | 1.90% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 58.9% means 58.9% 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 Navi Flexi Cap Fund
| Security | % of fund |
|---|---|
| MULTI COMMODITY EXCHANGE OF INDIA LTD. | 1.84% |
| CREDITACCESS GRAMEEN LIMITED | 1.73% |
| S.J.S. ENTERPRISES LIMITED | 1.70% |
| DHANUKA AGRITECH LIMITED | 1.57% |
| ASK AUTOMOTIVE LIMITED | 1.33% |
Largest holdings only in Navi Large & Midcap Fund
| Security | % of fund |
|---|---|
| THE FEDERAL BANK LIMITED | 3.15% |
| APL APOLLO TUBES LIMITED | 1.31% |
| ESCORTS KUBOTA LIMITED | 1.21% |
| OBEROI REALTY LIMITED | 1.12% |
| KEI INDUSTRIES LIMITED | 1.07% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Navi Flexi Cap | Navi Large & Midcap |
|---|---|---|
| Equity | 93.6% | 94.7% |
| Debt | 1.0% | 0.0% |
| Cash and others | 5.3% | 5.3% |
Market cap of stocks
| Market cap | Navi Flexi Cap | Navi Large & Midcap |
|---|---|---|
| Large Cap | 37.5% | 40.3% |
| Mid Cap | 16.2% | 37.1% |
| Small Cap | 40.0% | 17.3% |
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 | Navi Flexi Cap | Navi Large & Midcap |
|---|---|---|
| BANKS | 15.7% | 20.5% |
| AUTO COMPONENTS | 13.1% | 5.5% |
| CAPITAL MARKETS | 9.7% | 9.0% |
| HEALTHCARE SERVICES | 5.2% | 8.3% |
| INDUSTRIAL PRODUCTS | 5.7% | 7.8% |
| FINANCE | 5.2% | 5.0% |
The six largest sectors of each fund's stocks, % of the fund.
Navi Flexi Cap vs Navi Large & Midcap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Navi Flexi Cap Fund | Navi Large & Midcap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.70% | 0.65% |
| Base expense ratio (Direct) | 0.51% | 0.50% |
| Total expense ratio (Regular) | 2.57% | 2.53% |
| Base expense ratio (Regular) | 2.10% | 2.10% |
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 Navi Flexi Cap with
Navi Flexi Cap Fund vs Navi Large & Midcap Fund: Frequently Asked Questions
What is the difference between Navi Flexi Cap Fund and Navi Large & Midcap Fund?
Navi Flexi Cap Fund is a Flexi Cap fund, Navi Large & Midcap Fund is a Large & Mid Cap fund, run by Navi Mutual Fund. Their portfolios overlap 58.9%. Navi Flexi Cap Fund charges 0.70% a year and Navi Large & Midcap Fund 0.65%.
Which has given higher returns, Navi Flexi Cap Fund or Navi Large & Midcap Fund?
Over 1 year: Navi Flexi Cap Fund +1.80%, Navi Large & Midcap Fund −4.13%. Over 3 years: Navi Flexi Cap Fund +10.91% a year, Navi Large & Midcap Fund +9.57% a year. Over 5 years: Navi Flexi Cap Fund +9.70% a year, Navi Large & Midcap Fund +8.91% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Navi Flexi Cap Fund or Navi Large & Midcap Fund?
Navi Large & Midcap Fund charges less: 0.65% a year against 0.70%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Navi Flexi Cap Fund and Navi Large & Midcap Fund overlap?
58.9%. They hold 53 of the same securities, the largest shared ones being AXISBANK, HDFCBANK, KOTAKBANK. From each fund's latest monthly portfolio.
Which is riskier, Navi Flexi Cap Fund or Navi Large & Midcap Fund?
On SEBI's riskometer, Navi Flexi Cap Fund is rated Very High and Navi Large & Midcap Fund Very High. Over 3 years, the standard deviation of daily returns was 14.08% and 14.62% a year.
Which is better for SIP, Navi Flexi Cap Fund or Navi Large & Midcap Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,84,218 in Navi Flexi Cap Fund (XIRR 9.8% a year) and ₹7,46,150 in Navi Large & Midcap Fund (XIRR 7.9% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Navi Flexi Cap Fund and Navi Large & Midcap Fund?
Yes. 58.9% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Navi Flexi Cap Fund and Navi Large & Midcap Fund?
Navi Flexi Cap Fund: Ashutosh Shirwaikar. Navi Large & Midcap Fund: Ashutosh Shirwaikar.
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.