NJ Flexi Cap Fund vs SBI Nifty100 Low Volatility 30 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
NJ Flexi Cap Fund is a Flexi Cap fund and SBI Nifty100 Low Volatility 30 Index Fund is a mutual fund. In the year to 30-10-2026, NJ Flexi Cap Fund (Direct) returned −6.1% and SBI Nifty100 Low Volatility 30 Index Fund (Direct) returned −8.0%. NJ Flexi Cap Fund charges 0.84% a year and SBI Nifty100 Low Volatility 30 Index Fund 0.52% (Direct plans). Their portfolios overlap 35.9%: they hold 14 of the same securities.
SBI Nifty100 Low Volatility 30 Index Fund
- 1 year return
- −8.0%
- Expense ratio
- 0.52%
- NAV
- ₹9.66
Which is better, NJ Flexi Cap or SBI Nifty100 Low Volatility 30 Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- NJ Flexi Cap returned more over 1 year: −6.1% against −8.0%.
- SBI Nifty100 Low Volatility 30 Index costs less: 0.52% a year against 0.84% (Direct plans).
- SBI Nifty100 Low Volatility 30 Index fell less in its worst fall since 31-07-2025: −14.3% against −15.9%.
- SBI Nifty100 Low Volatility 30 Index holds more in large companies: 96.8% of the fund in large caps against 50.8%.
- Their portfolios overlap 35.9%: 14 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 | NJ Flexi Cap Fund | SBI Nifty100 Low Volatility 30 Index Fund |
|---|---|---|
| Fund house | NJ Mutual Fund | SBI Mutual Fund |
| Category | Flexi Cap | Not available |
| AUM | Not available | ₹52 Cr (30-09-2026) |
| NAV | ₹12.97 (Direct) | ₹9.66 (Direct) |
| Expense ratio (Direct) | 0.84% | 0.52% |
| Expense ratio (Regular) | 2.23% | 0.92% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty 500 TRI | Not available |
| Launch date | 05-09-2023 | Not available |
| Minimum investment | ₹500 | Not available |
| Lock in | None | Not available |
| Fund managers | Dhaval Patel, Viral Shah, Jaimin Ilavia | Not available |
| Exit load | Nil | Not available |
NJ Flexi Cap vs SBI Nifty100 Low Volatility 30 Index: 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 |
|---|---|---|---|---|---|---|---|
| NJ Flexi Cap Fund (Direct) | −1.14% | −6.49% | −0.77% | −6.08% | +8.87% | -- | -- |
| SBI Nifty100 Low Volatility 30 Index Fund (Direct) | +1.27% | −7.39% | −2.68% | −7.95% | -- | -- | -- |
| Flexi Cap average | −1.62% | −4.17% | +1.00% | −3.58% | +12.37% | -- | -- |
Category average: the average of the 46 Flexi Cap funds, same plan type.
NJ Flexi Cap vs SBI Nifty100 Low Volatility 30 Index: Year-wise Returns
| Year | NJ Flexi CapNJ Flexi Cap | SBI Nifty100 Low Volatility 30 IndexSBI Nifty100 Low Volatility 30 Index |
|---|---|---|
| 2026to date | −6.42% | −9.45% |
| 2025 | −1.49% | -- |
| 2024 | +15.61% | -- |
NJ Flexi Cap vs SBI Nifty100 Low Volatility 30 Index: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of NJ Flexi Cap Fund
Rolling returns
Every 1-year holding period, 62 of them, one for each trading day from 31-07-2026 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.
NJ Flexi Cap Fund (Direct)
SBI Nifty100 Low Volatility 30 Index Fund (Direct)
Nifty 500 TRI
to
Aug 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 2026Oct 2025
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NJ Flexi Cap | 79.0 | 21.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −3.4% | −4.4% | −9.0% | 3.2% | 5% |
| SBI Nifty100 Low Volatility 30 Index | 73.8 | 19.7 | 6.6 | 0.0 | 0.0 | 0.0 | 0.0 | −3.0% | −4.3% | −10.9% | 6.1% | 3% |
| Nifty 500 TRI | 51.6 | 32.3 | 16.1 | 0.0 | 0.0 | 0.0 | 0.0 | −0.2% | −0.4% | −9.0% | 6.8% | -- |
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 31-07-2025. Past returns do not promise future returns.
NJ Flexi Cap vs SBI Nifty100 Low Volatility 30 Index: 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 01-07-2025 to 30-10-2026: 16 instalments, ₹1,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| NJ Flexi CapNJ Flexi Cap Fund (Direct) | ₹1,60,000 | ₹1,53,929 | −₹6,071 | −5.4% |
| SBI Nifty100 Low Volatility 30 IndexSBI Nifty100 Low Volatility 30 Index Fund (Direct) | ₹1,60,000 | ₹1,52,755 | −₹7,245 | −6.5% |
NJ Flexi CapNJ Flexi Cap Fund (Direct)
SBI Nifty100 Low Volatility 30 IndexSBI Nifty100 Low Volatility 30 Index 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.
NJ Flexi Cap vs SBI Nifty100 Low Volatility 30 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | NJ Flexi Cap Fund (Direct) | SBI Nifty100 Low Volatility 30 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −6.08% | −7.95% |
| Standard deviation | 12.19% | 12.35% |
| Sharpe ratio | -0.93 | -1.07 |
| Sortino ratio | -1.21 | -1.40 |
| Maximum drawdown | −14.6% (30-03-2026) | −14.3% (31-03-2026) |
| Beta | 0.79 | 1.00 |
| Alpha | −1.42% | −0.47% |
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 | NJ Flexi Cap Fund (Direct) | SBI Nifty100 Low Volatility 30 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.44% | −3.38% |
| Standard deviation | 14.13% | 11.72% |
| Sharpe ratio | 0.17 | -0.74 |
| Sortino ratio | 0.23 | -0.99 |
| Maximum drawdown | −26.7% (30-03-2026) | −14.3% (31-03-2026) |
| Beta | 0.90 | 1.00 |
| Alpha | −0.10% | −0.48% |
From daily NAVs, 06-09-2023 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.
NJ Flexi Cap Fund (Direct)
SBI Nifty100 Low Volatility 30 Index Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| NJ Flexi Cap Fund (Direct) | −15.9% | 19-09-2025 | 30-03-2026 | Not yet | -- | −9.4% |
| SBI Nifty100 Low Volatility 30 Index Fund (Direct) | −14.3% | 07-01-2026 | 31-03-2026 | Not yet | -- | −10.5% |
| Nifty 500 TRI | −14.7% | 02-01-2026 | 30-03-2026 | Not yet | -- | −8.4% |
From daily values since 31-07-2025, 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.
NJ Flexi Cap Fund (Direct)
SBI Nifty100 Low Volatility 30 Index Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| NJ Flexi Cap Fund (Direct) | 67% | 82% | 5.60% |
| SBI Nifty100 Low Volatility 30 Index Fund (Direct) | 73% | 79% | 6.36% |
From month-end values since 31-07-2025. 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.
NJ Flexi Cap vs SBI Nifty100 Low Volatility 30 Index: Portfolio Overlap
From each fund's latest monthly portfolio: NJ Flexi Cap Fund, September 2026; SBI Nifty100 Low Volatility 30 Index Fund, September 2026
Holdings in common
- Overlap
- 35.9%
- Held by both
- 14
- Only in NJ Flexi Cap
- 40
- Only in SBI Nifty100 Low Volatility 30 Index
- 16
| Security | % of NJ Flexi Cap | % of SBI Nifty100 Low Volatility 30 Index |
|---|---|---|
| ICICI Bank Limited | 4.15% | 3.84% |
| Britannia Industries Limited | 3.79% | 3.68% |
| Sun Pharmaceutical Industries Limited | 3.45% | 3.82% |
| Cipla Limited | 3.63% | 3.42% |
| ITC Limited | 3.34% | 3.50% |
| Torrent Pharmaceuticals Limited | 5.55% | 3.32% |
| Dr. Reddy's Laboratories Limited | 3.32% | 3.23% |
| Nestle India Limited | 2.83% | 3.53% |
| Pidilite Industries Limited | 2.62% | 2.97% |
| HDFC Bank Limited | 2.32% | 3.39% |
| Kotak Mahindra Bank Limited | 1.96% | 3.63% |
| Bajaj Auto Limited | 1.20% | 3.13% |
| Tata Consultancy Services Limited | 0.67% | 2.59% |
| Wipro Limited | 0.01% | 2.82% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 35.9% means 35.9% 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 NJ Flexi Cap Fund
| Security | % of fund |
|---|---|
| Bosch Limited | 5.18% |
| Dr. Lal Path Labs Limited | 4.89% |
| Marico Limited | 4.21% |
| Eicher Motors Limited | 4.20% |
| Alkem Laboratories Limited | 3.26% |
Largest holdings only in SBI Nifty100 Low Volatility 30 Index Fund
| Security | % of fund |
|---|---|
| Apollo Hospitals Enterprise Ltd. | 3.81% |
| NTPC Ltd. | 3.79% |
| Bharti Airtel Ltd. | 3.65% |
| SBI Life Insurance Co. Ltd. | 3.62% |
| Reliance Industries Ltd. | 3.47% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | NJ Flexi Cap | SBI Nifty100 Low Volatility 30 Index |
|---|---|---|
| Equity | 97.3% | 100.0% |
| Debt | 0.5% | 0.0% |
| Cash and others | 2.1% | 0.0% |
Market cap of stocks
| Market cap | NJ Flexi Cap | SBI Nifty100 Low Volatility 30 Index |
|---|---|---|
| Large Cap | 50.8% | 96.8% |
| Mid Cap | 29.5% | 3.2% |
| Small Cap | 15.8% | 0.0% |
| Not on AMFI's list | 1.2% | 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 | NJ Flexi Cap | SBI Nifty100 Low Volatility 30 Index |
|---|---|---|
| Pharmaceuticals & Biotechnology | 22.0% | 13.8% |
| Banks | 8.4% | 13.9% |
| Power | 0.0% | 10.6% |
| Automobiles | 7.9% | 6.3% |
| Food Products | 6.6% | 7.2% |
| Insurance | 0.0% | 6.9% |
| Diversified FMCG | 3.3% | 6.9% |
| Auto Components | 6.5% | 0.0% |
| IT - Software | 5.0% | 5.4% |
The six largest sectors of each fund's stocks, % of the fund.
NJ Flexi Cap vs SBI Nifty100 Low Volatility 30 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | NJ Flexi Cap Fund | SBI Nifty100 Low Volatility 30 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.84% | 0.52% |
| Base expense ratio (Direct) | 0.52% | 0.33% |
| Total expense ratio (Regular) | 2.23% | 0.92% |
| Base expense ratio (Regular) | 1.70% | 0.67% |
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
NJ Flexi Cap Fund vs SBI Nifty100 Low Volatility 30 Index Fund: Frequently Asked Questions
What is the difference between NJ Flexi Cap Fund and SBI Nifty100 Low Volatility 30 Index Fund?
NJ Flexi Cap Fund is a Flexi Cap fund, SBI Nifty100 Low Volatility 30 Index Fund is a mutual fund, run by NJ Mutual Fund and SBI Mutual Fund. Their portfolios overlap 35.9%. NJ Flexi Cap Fund charges 0.84% a year and SBI Nifty100 Low Volatility 30 Index Fund 0.52%.
Which has given higher returns, NJ Flexi Cap Fund or SBI Nifty100 Low Volatility 30 Index Fund?
Over 1 year: NJ Flexi Cap Fund −6.08%, SBI Nifty100 Low Volatility 30 Index Fund −7.95%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, NJ Flexi Cap Fund or SBI Nifty100 Low Volatility 30 Index Fund?
SBI Nifty100 Low Volatility 30 Index Fund charges less: 0.52% a year against 0.84%. These are the Direct plans' total expense ratios reported to AMFI.
How much do NJ Flexi Cap Fund and SBI Nifty100 Low Volatility 30 Index Fund overlap?
35.9%. They hold 14 of the same securities, the largest shared ones being ICICIBANK, BRITANNIA, SUNPHARMA. From each fund's latest monthly portfolio.
Can I invest in both NJ Flexi Cap Fund and SBI Nifty100 Low Volatility 30 Index Fund?
Yes. 35.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
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.