Navi Flexi Cap Fund vs Nippon India Flexi Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Navi Flexi Cap Fund and Nippon India Flexi Cap Fund are both Flexi Cap funds. In the 3 years to 30-10-2026, Navi Flexi Cap Fund (Direct) returned 10.9% a year and Nippon India Flexi Cap Fund (Direct) returned 9.1% a year. Navi Flexi Cap Fund charges 0.70% a year and Nippon India Flexi Cap Fund 0.66% (Direct plans). Their portfolios overlap 30.0%: they hold 20 of the same securities.
Nippon India Flexi Cap Fund
Flexi Cap
- 3 year return
- 9.1%
- Expense ratio
- 0.66%
- NAV
- ₹16.77
Which is better, Navi Flexi Cap or Nippon India 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.
- Navi Flexi Cap returned more over 5 years: 9.7% a year against 9.4%.
- Navi Flexi Cap returned more over 3 years: 10.9% a year against 9.1%.
- Nippon India Flexi Cap costs less: 0.66% a year against 0.70% (Direct plans).
- Navi Flexi Cap swung less over 3 years: a standard deviation of 14.1% a year against 14.5%.
- Navi Flexi Cap fell less in its worst fall since 18-08-2021: −19.3% against −19.8%.
- Nippon India Flexi Cap holds more in large companies: 62.9% of the fund in large caps against 37.5%.
- Nippon India Flexi Cap is the larger fund: ₹9,214 Cr against ₹286 Cr.
- Their portfolios overlap 30.0%: 20 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 | Nippon India Flexi Cap Fund |
|---|---|---|
| Fund house | Navi Mutual Fund | Nippon India Mutual Fund |
| Category | Flexi Cap | Flexi Cap |
| AUM | ₹286 Cr (30-09-2026) | ₹9,214 Cr (30-09-2026) |
| NAV | ₹27.66 (Direct) | ₹16.77 (Direct) |
| Expense ratio (Direct) | 0.70% | 0.66% |
| Expense ratio (Regular) | 2.57% | 1.85% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | Nifty 500 TRI |
| Launch date | 09-07-2018 | 13-08-2021 |
| Minimum investment | ₹100 | ₹500 |
| Lock in | None | None |
| Fund managers | Ashutosh Shirwaikar | Meenakshi Dawar, Dhrumil Shah |
| Exit load | NIL | Exit load for units in excess of 10% of the investment,1% will be charged for redemption within 365 days |
Navi Flexi Cap vs Nippon India 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 |
|---|---|---|---|---|---|---|---|
| Navi Flexi Cap Fund (Direct) | −2.89% | −4.52% | +2.44% | +1.80% | +10.91% | +9.70% | -- |
| Nippon India Flexi Cap Fund (Direct) | −2.31% | −6.36% | −2.62% | −7.62% | +9.10% | +9.40% | -- |
| Flexi Cap average | −1.62% | −4.17% | +1.00% | −3.58% | +12.37% | +10.04% | -- |
Category average: the average of the 46 Flexi Cap funds, same plan type.
Navi Flexi Cap vs Nippon India Flexi Cap: Year-wise Returns
| Year | NaviNavi Flexi Cap | Nippon IndiaNippon India Flexi Cap | Nifty 500 TRI |
|---|---|---|---|
| 2026to date | +1.34% | −6.70% | −7.51% |
| 2025 | +6.53% | +3.90% | +7.76% |
| 2024 | +13.47% | +16.94% | +16.24% |
| 2023 | +26.53% | +34.89% | +26.91% |
| 2022 | +2.47% | +0.74% | +4.25% |
| 2021 | +35.42% | -- | +31.60% |
Navi Flexi Cap vs Nippon India Flexi Cap: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 543 of them, one for each trading day from 19-08-2024 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)
Nippon India Flexi Cap Fund (Direct)
Nifty 500 TRI
to
Oct 2024Mar 2022
to
Mar 2025Jul 2022
to
Jul 2025Dec 2022
to
Dec 2025Apr 2023
to
Apr 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Navi Flexi Cap | 0.0 | 0.0 | 0.6 | 66.7 | 32.6 | 0.2 | 0.0 | 14.5% | 14.4% | 9.6% | 20.0% | 16% |
| Nippon India Flexi Cap | 0.0 | 0.0 | 4.6 | 28.9 | 55.1 | 11.4 | 0.0 | 16.2% | 16.7% | 8.4% | 22.7% | 87% |
| Nifty 500 TRI | 0.0 | 0.0 | 3.5 | 34.8 | 55.8 | 5.9 | 0.0 | 15.5% | 15.6% | 8.8% | 22.3% | -- |
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 18-08-2021. Past returns do not promise future returns.
Navi Flexi Cap vs Nippon India 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 02-08-2021 to 30-10-2026: 63 instalments, ₹6,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Navi Flexi CapNavi Flexi Cap Fund (Direct) | ₹6,30,000 | ₹8,18,643 | ₹1,88,643 | 9.9% |
| Nippon India Flexi CapNippon India Flexi Cap Fund (Direct) | ₹6,30,000 | ₹7,74,762 | ₹1,44,762 | 7.8% |
Navi Flexi CapNavi Flexi Cap Fund (Direct)
Nippon India Flexi CapNippon India 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.
Navi Flexi Cap vs Nippon India Flexi Cap: 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) | Nippon India Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +1.80% | −7.62% |
| Standard deviation | 15.77% | 15.01% |
| Sharpe ratio | -0.22 | -0.86 |
| Sortino ratio | -0.30 | -1.14 |
| Maximum drawdown | −12.7% (31-03-2026) | −15.0% (30-03-2026) |
| Beta | 1.05 | 1.03 |
| Alpha | +9.78% | +0.10% |
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 | Navi Flexi Cap Fund (Direct) | Nippon India Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.91% | +9.10% |
| Standard deviation | 14.08% | 14.53% |
| Sharpe ratio | 0.35 | 0.21 |
| Sortino ratio | 0.48 | 0.28 |
| Maximum drawdown | −19.3% (28-02-2025) | −19.8% (28-02-2025) |
| Beta | 0.95 | 1.00 |
| Alpha | +0.92% | −1.13% |
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) | Nippon India Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.70% | +9.40% |
| Standard deviation | 14.09% | 14.70% |
| Sharpe ratio | 0.28 | 0.25 |
| Sortino ratio | 0.38 | 0.33 |
| Maximum drawdown | −19.3% (28-02-2025) | −19.8% (28-02-2025) |
| Beta | 0.95 | 1.00 |
| Alpha | +1.04% | +0.58% |
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) | Nippon India Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.00% | +10.27% |
| Standard deviation | 16.72% | 14.60% |
| Sharpe ratio | 0.46 | 0.31 |
| Sortino ratio | 0.62 | 0.42 |
| Maximum drawdown | −37.9% (23-03-2020) | −19.8% (28-02-2025) |
| Beta | 0.97 | 1.00 |
| Alpha | +1.27% | +0.33% |
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)
Nippon India Flexi Cap 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) | −19.3% | 27-09-2024 | 28-02-2025 | 07-05-2026 | 14 months | −7.0% |
| Nippon India Flexi Cap Fund (Direct) | −19.8% | 23-09-2024 | 28-02-2025 | Not yet | -- | −10.6% |
| Nifty 500 TRI | −18.6% | 26-09-2024 | 28-02-2025 | Not yet | -- | −8.8% |
From daily values since 18-08-2021, 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)
Nippon India Flexi Cap 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)
Nippon India Flexi Cap 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)
Nippon India Flexi Cap Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Navi Flexi Cap Fund (Direct) | 102% | 95% | 4.34% |
| Nippon India Flexi Cap Fund (Direct) | 98% | 93% | 3.48% |
From month-end values since 18-08-2021. 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 Nippon India Flexi Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Navi Flexi Cap Fund, September 2026; Nippon India Flexi Cap Fund, September 2026
Holdings in common
- Overlap
- 30.0%
- Held by both
- 20
- Only in Navi Flexi Cap
- 52
- Only in Nippon India Flexi Cap
- 65
| Security | % of Navi Flexi Cap | % of Nippon India Flexi Cap |
|---|---|---|
| AXIS BANK LIMITED | 3.62% | 3.91% |
| ICICI BANK LIMITED | 3.60% | 7.07% |
| HDFC BANK LIMITED | 3.26% | 5.84% |
| SAMVARDHANA MOTHERSON INTERNATIONAL LTD | 2.91% | 2.28% |
| BHARTI AIRTEL LIMITED | 1.81% | 1.90% |
| RELIANCE INDUSTRIES LIMITED | 1.78% | 3.39% |
| LARSEN & TOUBRO LIMITED | 1.58% | 2.64% |
| INTERGLOBE AVIATION LIMITED | 1.39% | 1.56% |
| INFOSYS LIMITED | 1.23% | 1.35% |
| KOTAK MAHINDRA BANK LIMITED | 2.99% | 1.19% |
| VARUN BEVERAGES LIMITED | 1.95% | 1.15% |
| MULTI COMMODITY EXCHANGE OF INDIA LTD. | 1.84% | 1.14% |
| ADITYA BIRLA SUN LIFE MUTUAL FUND | 1.18% | 1.13% |
| TATA MOTORS LIMITED | 0.93% | 1.07% |
| APOLLO HOSPITALS ENTERPRISE LIMITED | 1.43% | 0.88% |
| INFO EDGE (INDIA) LIMITED | 0.87% | 0.93% |
| SUN PHARMACEUTICAL INDUSTRIES LIMITED | 1.11% | 0.76% |
| KIRLOSKAR OIL ENGINES LTD | 0.68% | 1.98% |
| STATE BANK OF INDIA | 0.42% | 1.99% |
| HDFC ASSET MANAGEMENT COMPANY LIMITED | 0.48% | 0.25% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 30.0% means 30.0% 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 Navi Flexi Cap Fund
| Security | % of fund |
|---|---|
| USHA MARTIN LTD | 3.07% |
| YASH HIGHVOLTAGE LTD | 2.29% |
| INTERARCH BUILDING SOLUTIONS LIMITED | 2.27% |
| RAINBOW CHILDRENS MEDICARE LIMITED | 2.20% |
| SHANTI GOLD INTERNATIONAL LIMITED | 2.09% |
Largest holdings only in Nippon India Flexi Cap Fund
| Security | % of fund |
|---|---|
| Mahindra & Mahindra Limited | 2.36% |
| Eternal Limited | 2.21% |
| Bajaj Finance Limited | 1.94% |
| Radico Khaitan Limited | 1.90% |
| Mankind Pharma Limited | 1.87% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Navi Flexi Cap | Nippon India Flexi Cap |
|---|---|---|
| Equity | 93.6% | 99.0% |
| Debt | 1.0% | 0.0% |
| Cash and others | 5.3% | 1.0% |
Market cap of stocks
| Market cap | Navi Flexi Cap | Nippon India Flexi Cap |
|---|---|---|
| Large Cap | 37.5% | 62.9% |
| Mid Cap | 16.2% | 21.4% |
| Small Cap | 40.0% | 14.6% |
| Not on AMFI's list | 0.0% | 0.1% |
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 | Nippon India Flexi Cap |
|---|---|---|
| Banks | 0.0% | 21.0% |
| BANKS | 15.7% | 0.0% |
| AUTO COMPONENTS | 13.1% | 0.0% |
| CAPITAL MARKETS | 9.7% | 0.0% |
| Retailing | 0.0% | 8.2% |
| INDUSTRIAL PRODUCTS | 5.7% | 0.0% |
| Pharmaceuticals & Biotechnology | 0.0% | 5.5% |
| IT - Software | 0.0% | 5.5% |
| HEALTHCARE SERVICES | 5.2% | 0.0% |
| FINANCE | 5.2% | 0.0% |
| Petroleum Products | 0.0% | 4.4% |
| Finance | 0.0% | 4.2% |
The six largest sectors of each fund's stocks, % of the fund.
Navi Flexi Cap vs Nippon India Flexi Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Navi Flexi Cap Fund | Nippon India Flexi Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.70% | 0.66% |
| Base expense ratio (Direct) | 0.51% | 0.48% |
| Total expense ratio (Regular) | 2.57% | 1.85% |
| Base expense ratio (Regular) | 2.10% | 1.52% |
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 Nippon India Flexi Cap Fund: Frequently Asked Questions
What is the difference between Navi Flexi Cap Fund and Nippon India Flexi Cap Fund?
Both are Flexi Cap funds, run by Navi Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 30.0%. Navi Flexi Cap Fund charges 0.70% a year and Nippon India Flexi Cap Fund 0.66%.
Which has given higher returns, Navi Flexi Cap Fund or Nippon India Flexi Cap Fund?
Over 1 year: Navi Flexi Cap Fund +1.80%, Nippon India Flexi Cap Fund −7.62%. Over 3 years: Navi Flexi Cap Fund +10.91% a year, Nippon India Flexi Cap Fund +9.10% a year. Over 5 years: Navi Flexi Cap Fund +9.70% a year, Nippon India Flexi Cap Fund +9.40% 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 Nippon India Flexi Cap Fund?
Nippon India Flexi Cap Fund charges less: 0.66% a year against 0.70%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Navi Flexi Cap Fund and Nippon India Flexi Cap Fund overlap?
30.0%. They hold 20 of the same securities, the largest shared ones being AXISBANK, ICICIBANK, HDFCBANK. From each fund's latest monthly portfolio.
Which is riskier, Navi Flexi Cap Fund or Nippon India Flexi Cap Fund?
On SEBI's riskometer, Navi Flexi Cap Fund is rated Very High and Nippon India Flexi Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 14.08% and 14.53% a year.
Which is better for SIP, Navi Flexi Cap Fund or Nippon India Flexi Cap 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 ₹7,41,931 in Nippon India Flexi Cap Fund (XIRR 7.6% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Navi Flexi Cap Fund and Nippon India Flexi Cap Fund?
Yes. 30.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Navi Flexi Cap Fund and Nippon India Flexi Cap Fund?
Navi Flexi Cap Fund: Ashutosh Shirwaikar. Nippon India Flexi Cap Fund: Meenakshi Dawar, Dhrumil Shah.
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.