Nippon India Flexi Cap Fund vs Nippon India Value Fund
Direct Plan, Growth option · Data as on 30-10-2026
Nippon India Flexi Cap Fund is a Flexi Cap fund and Nippon India Value Fund is a Value and Contra fund. In the 3 years to 30-10-2026, Nippon India Flexi Cap Fund (Direct) returned 9.1% a year and Nippon India Value Fund (Direct) returned 11.7% a year. Nippon India Flexi Cap Fund charges 0.66% a year and Nippon India Value Fund 1.26% (Direct plans). Their portfolios overlap 46.8%: they hold 38 of the same securities.
Nippon India Flexi Cap Fund
Flexi Cap
- 3 year return
- 9.1%
- Expense ratio
- 0.66%
- NAV
- ₹16.77
Nippon India Value Fund
Value and Contra
- 3 year return
- 11.7%
- Expense ratio
- 1.26%
- NAV
- ₹226.85
Which is better, Nippon India Flexi Cap or Nippon India Value? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Nippon India Value returned more over 5 years: 11.5% a year against 9.4%.
- Nippon India Value returned more over 3 years: 11.7% a year against 9.1%.
- Nippon India Flexi Cap costs less: 0.66% a year against 1.26% (Direct plans).
- Nippon India Flexi Cap swung less over 3 years: a standard deviation of 14.5% a year against 15.2%.
- Nippon India Value fell less in its worst fall since 18-08-2021: −18.5% against −19.8%.
- Nippon India Flexi Cap is the larger fund: ₹9,214 Cr against ₹8,479 Cr.
- Their portfolios overlap 46.8%: 38 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 | Nippon India Flexi Cap Fund | Nippon India Value Fund |
|---|---|---|
| Fund house | Nippon India Mutual Fund | Nippon India Mutual Fund |
| Category | Flexi Cap | Value and Contra |
| AUM | ₹9,214 Cr (30-09-2026) | ₹8,479 Cr (30-09-2026) |
| NAV | ₹16.77 (Direct) | ₹226.85 (Direct) |
| Expense ratio (Direct) | 0.66% | 1.26% |
| Expense ratio (Regular) | 1.85% | 1.99% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | Nifty 500 TRI |
| Launch date | 13-08-2021 | 08-06-2005 |
| Minimum investment | ₹500 | ₹500 |
| Lock in | None | None |
| Fund managers | Meenakshi Dawar, Dhrumil Shah | Dhrumil Shah FM 1, Meenakshi Dawar FM 2 |
| Exit load | Exit load for units in excess of 10% of the investment,1% will be charged for redemption within 365 days | For units more than 10% of the investments, an exit load of 1% if redeemed within 12 months. |
Nippon India Flexi Cap vs Nippon India Value: 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 |
|---|---|---|---|---|---|---|---|
| Nippon India Flexi Cap Fund (Direct) | −2.31% | −6.36% | −2.62% | −7.62% | +9.10% | +9.40% | -- |
| Nippon India Value Fund (Direct) | −2.97% | −8.85% | −7.67% | −11.61% | +11.65% | +11.46% | +14.20% |
| Flexi Cap average | −1.62% | −4.17% | +1.00% | −3.58% | +12.37% | +10.04% | -- |
| Value and Contra average | −2.09% | −5.76% | −3.23% | −5.72% | +11.83% | +11.08% | +12.63% |
Category average: the average of the 46 Flexi Cap funds and the 30 Value and Contra funds, same plan type.
Nippon India Flexi Cap vs Nippon India Value: Year-wise Returns
| Year | Flexi CapNippon India Flexi Cap | ValueNippon India Value | Nifty 500 TRI |
|---|---|---|---|
| 2026to date | −6.70% | −10.89% | −7.51% |
| 2025 | +3.90% | +4.93% | +7.76% |
| 2024 | +16.94% | +23.19% | +16.24% |
| 2023 | +34.89% | +43.41% | +26.91% |
| 2022 | +0.74% | +5.52% | +4.25% |
| 2021 | -- | +40.31% | +31.60% |
Nippon India Flexi Cap vs Nippon India Value: 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.
Nippon India Flexi Cap Fund (Direct)
Nippon India Value 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% |
| Nippon India Value | 0.0 | 0.0 | 0.0 | 6.6 | 20.1 | 56.7 | 16.6 | 21.6% | 22.0% | 11.1% | 29.2% | 100% |
| 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.
Nippon India Flexi Cap vs Nippon India Value: 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 18-08-2021 to 30-10-2026: 63 instalments, ₹6,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Nippon India Flexi CapNippon India Flexi Cap Fund (Direct) | ₹6,30,000 | ₹7,74,762 | ₹1,44,762 | 7.8% |
| Nippon India ValueNippon India Value Fund (Direct) | ₹6,30,000 | ₹8,07,920 | ₹1,77,920 | 9.4% |
Nippon India Flexi CapNippon India Flexi Cap Fund (Direct)
Nippon India ValueNippon India Value 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.
Nippon India Flexi Cap vs Nippon India Value: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Nippon India Flexi Cap Fund (Direct) | Nippon India Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | −7.62% | −11.61% |
| Standard deviation | 15.01% | 14.64% |
| Sharpe ratio | -0.86 | -1.15 |
| Sortino ratio | -1.14 | -1.51 |
| Maximum drawdown | −15.0% (30-03-2026) | −14.4% (31-03-2026) |
| Beta | 1.03 | 1.00 |
| Alpha | +0.10% | −4.29% |
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 | Nippon India Flexi Cap Fund (Direct) | Nippon India Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.10% | +11.65% |
| Standard deviation | 14.53% | 15.19% |
| Sharpe ratio | 0.21 | 0.37 |
| Sortino ratio | 0.28 | 0.50 |
| Maximum drawdown | −19.8% (28-02-2025) | −17.6% (03-03-2025) |
| Beta | 1.00 | 1.04 |
| Alpha | −1.13% | +1.27% |
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 | Nippon India Flexi Cap Fund (Direct) | Nippon India Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.40% | +11.46% |
| Standard deviation | 14.70% | 14.96% |
| Sharpe ratio | 0.25 | 0.38 |
| Sortino ratio | 0.33 | 0.51 |
| Maximum drawdown | −19.8% (28-02-2025) | −17.6% (20-06-2022) |
| Beta | 1.00 | 1.02 |
| Alpha | +0.58% | +2.59% |
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 | Nippon India Flexi Cap Fund (Direct) | Nippon India Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.27% | +14.57% |
| Standard deviation | 14.60% | 16.47% |
| Sharpe ratio | 0.31 | 0.52 |
| Sortino ratio | 0.42 | 0.69 |
| Maximum drawdown | −19.8% (28-02-2025) | −38.6% (23-03-2020) |
| Beta | 1.00 | 1.00 |
| Alpha | +0.33% | +1.78% |
From daily NAVs, 18-08-2021 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.
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.
Nippon India Flexi Cap Fund (Direct)
Nippon India Value Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Nippon India Flexi Cap Fund (Direct) | −19.8% | 23-09-2024 | 28-02-2025 | Not yet | -- | −10.6% |
| Nippon India Value Fund (Direct) | −18.5% | 18-10-2021 | 20-06-2022 | 15-11-2022 | 5 months | −12.7% |
| 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.
Nippon India Flexi Cap Fund (Direct)
Nippon India Value 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.
Nippon India Flexi Cap Fund (Direct)
Nippon India Value 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.
Nippon India Flexi Cap Fund (Direct)
Nippon India Value Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Nippon India Flexi Cap Fund (Direct) | 98% | 93% | 3.48% |
| Nippon India Value Fund (Direct) | 108% | 96% | 3.41% |
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.
Nippon India Flexi Cap vs Nippon India Value: Portfolio Overlap
From each fund's latest monthly portfolio: Nippon India Flexi Cap Fund, September 2026; Nippon India Value Fund, September 2026
Holdings in common
- Overlap
- 46.8%
- Held by both
- 38
- Only in Nippon India Flexi Cap
- 47
- Only in Nippon India Value
- 47
| Security | % of Nippon India Flexi Cap | % of Nippon India Value |
|---|---|---|
| HDFC Bank Limited | 5.84% | 7.31% |
| Axis Bank Limited | 3.91% | 3.81% |
| ICICI Bank Limited | 7.07% | 3.36% |
| Reliance Industries Limited | 3.39% | 2.69% |
| Larsen & Toubro Limited | 2.64% | 2.03% |
| State Bank of India | 1.99% | 4.37% |
| Bajaj Finance Limited | 1.94% | 2.02% |
| Bharti Airtel Limited | 1.90% | 2.32% |
| Jindal Steel Limited | 1.67% | 1.63% |
| NTPC Limited | 1.59% | 3.59% |
| Bharat Heavy Electricals Limited | 1.58% | 2.50% |
| Torrent Pharmaceuticals Limited | 1.40% | 1.58% |
| Maruti Suzuki India Limited | 1.35% | 1.85% |
| Infosys Limited | 1.35% | 1.55% |
| Kaynes Technology India Limited | 1.34% | 2.11% |
| Swiggy Limited | 1.26% | 1.77% |
| Kotak Mahindra Bank Limited | 1.19% | 3.27% |
| Trent Limited | 1.06% | 1.06% |
| NTPC Green Energy Limited | 0.84% | 1.37% |
| Dixon Technologies (India) Limited | 0.83% | 1.11% |
| Vedanta Aluminium Metal Limited | 1.30% | 0.78% |
| Varun Beverages Limited | 1.15% | 0.71% |
| Jubilant Foodworks Limited | 0.70% | 0.83% |
| Crompton Greaves Consumer Electricals Limited | 0.62% | 0.59% |
| Tata Communications Limited | 0.61% | 0.53% |
| One 97 Communications Limited | 0.85% | 0.52% |
| Vedanta Limited | 0.81% | 0.49% |
| Cholamandalam Financial Holdings Limited | 0.54% | 0.49% |
| AU Small Finance Bank Limited | 1.04% | 0.46% |
| Balkrishna Industries Limited | 0.46% | 0.98% |
| LTM Limited | 0.43% | 1.07% |
| SBI Life Insurance Company Limited | 0.41% | 0.70% |
| Devyani International Limited | 0.92% | 0.36% |
| Finolex Cables Limited | 0.82% | 0.31% |
| Somany Ceramics Limited | 0.40% | 0.21% |
| PB Fintech Limited | 0.73% | 0.16% |
| Awfis Space Solutions Limited | 0.13% | 0.35% |
| Cyient Limited | 0.36% | 0.10% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 46.8% means 46.8% 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 Nippon India Flexi Cap Fund
| Security | % of fund |
|---|---|
| Mahindra & Mahindra Limited | 2.36% |
| Samvardhana Motherson International Limited | 2.28% |
| Eternal Limited | 2.21% |
| Kirloskar Oil Engines Limited | 1.98% |
| Radico Khaitan Limited | 1.90% |
Largest holdings only in Nippon India Value Fund
| Security | % of fund |
|---|---|
| IndusInd Bank Limited | 2.69% |
| Piramal Finance Limited | 2.20% |
| Coal India Limited | 1.91% |
| ITC Limited | 1.87% |
| Tata Consultancy Services Limited | 1.86% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Nippon India Flexi Cap | Nippon India Value |
|---|---|---|
| Equity | 99.0% | 96.6% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.0% | 3.4% |
Market cap of stocks
| Market cap | Nippon India Flexi Cap | Nippon India Value |
|---|---|---|
| Large Cap | 62.9% | 56.6% |
| Mid Cap | 21.4% | 18.6% |
| Small Cap | 14.6% | 20.1% |
| Not on AMFI's list | 0.1% | 1.2% |
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 | Nippon India Flexi Cap | Nippon India Value |
|---|---|---|
| Banks | 21.0% | 26.1% |
| Retailing | 8.2% | 2.8% |
| Consumer Durables | 3.6% | 7.6% |
| Power | 2.4% | 6.9% |
| IT - Software | 5.5% | 6.4% |
| Finance | 4.2% | 6.0% |
| Pharmaceuticals & Biotechnology | 5.5% | 3.2% |
| Petroleum Products | 4.4% | 2.7% |
| Electrical Equipment | 3.7% | 3.5% |
The six largest sectors of each fund's stocks, % of the fund.
Nippon India Flexi Cap vs Nippon India Value: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Nippon India Flexi Cap Fund | Nippon India Value Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.66% | 1.26% |
| Base expense ratio (Direct) | 0.48% | 0.90% |
| Total expense ratio (Regular) | 1.85% | 1.99% |
| Base expense ratio (Regular) | 1.52% | 1.53% |
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 Nippon India Flexi Cap with
Nippon India Flexi Cap Fund vs Nippon India Value Fund: Frequently Asked Questions
What is the difference between Nippon India Flexi Cap Fund and Nippon India Value Fund?
Nippon India Flexi Cap Fund is a Flexi Cap fund, Nippon India Value Fund is a Value and Contra fund, run by Nippon India Mutual Fund. Their portfolios overlap 46.8%. Nippon India Flexi Cap Fund charges 0.66% a year and Nippon India Value Fund 1.26%.
Which has given higher returns, Nippon India Flexi Cap Fund or Nippon India Value Fund?
Over 1 year: Nippon India Flexi Cap Fund −7.62%, Nippon India Value Fund −11.61%. Over 3 years: Nippon India Flexi Cap Fund +9.10% a year, Nippon India Value Fund +11.65% a year. Over 5 years: Nippon India Flexi Cap Fund +9.40% a year, Nippon India Value Fund +11.46% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Nippon India Flexi Cap Fund or Nippon India Value Fund?
Nippon India Flexi Cap Fund charges less: 0.66% a year against 1.26%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Nippon India Flexi Cap Fund and Nippon India Value Fund overlap?
46.8%. They hold 38 of the same securities, the largest shared ones being HDFCBANK, AXISBANK, ICICIBANK. From each fund's latest monthly portfolio.
Which is riskier, Nippon India Flexi Cap Fund or Nippon India Value Fund?
On SEBI's riskometer, Nippon India Flexi Cap Fund is rated Very High and Nippon India Value Fund Very High. Over 3 years, the standard deviation of daily returns was 14.53% and 15.19% a year.
Which is better for SIP, Nippon India Flexi Cap Fund or Nippon India Value Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,41,931 in Nippon India Flexi Cap Fund (XIRR 7.6% a year) and ₹7,71,254 in Nippon India Value Fund (XIRR 9.2% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Nippon India Flexi Cap Fund and Nippon India Value Fund?
Yes. 46.8% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Nippon India Flexi Cap Fund and Nippon India Value Fund?
Nippon India Flexi Cap Fund: Meenakshi Dawar, Dhrumil Shah. Nippon India Value Fund: Dhrumil Shah FM 1, Meenakshi Dawar FM 2.
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.