SBI Flexicap Fund vs SBI Quality Fund
Direct Plan, Growth option · Data as on 30-10-2026
SBI Flexicap Fund is a Flexi Cap fund and SBI Quality Fund is a Thematic fund. SBI Flexicap Fund charges 1.24% a year and SBI Quality Fund 1.34% (Direct plans). Their portfolios overlap 35.4%: they hold 26 of the same securities.
Which is better, SBI Flexicap or SBI Quality? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- SBI Flexicap costs less: 1.24% a year against 1.34% (Direct plans).
- SBI Quality fell less in its worst fall since 23-02-2026: −10.4% against −12.8%.
- SBI Flexicap holds 3.4% of the fund in foreign stocks; SBI Quality 3.1%.
- SBI Flexicap is the larger fund: ₹22,109 Cr against ₹2,578 Cr.
- Their portfolios overlap 35.4%: 26 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 | SBI Flexicap Fund | SBI Quality Fund |
|---|---|---|
| Fund house | SBI Mutual Fund | SBI Mutual Fund |
| Category | Flexi Cap | Thematic |
| AUM | ₹22,109 Cr (30-09-2026) | ₹2,578 Cr (30-09-2026) |
| NAV | ₹116.25 (Direct) | ₹10.29 (Direct) |
| Expense ratio (Direct) | 1.24% | 1.34% |
| Expense ratio (Regular) | 2.03% | 2.42% |
| Riskometer | Very High | Very High |
| Benchmark | BSE 500 TRI | Nifty 200 Quality 30 TRI |
| Launch date | 29-09-2005 | 17-02-2026 |
| Minimum investment | ₹1,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Dinesh Balachandran, Anup Upadhyay | Anup Upadhyay |
| Exit load | Exit load of 0.10% if redeemed within 30 days. | Exit load of 1%, if redeemed within 6 months. |
SBI Flexicap vs SBI Quality: 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 |
|---|---|---|---|---|---|---|---|
| SBI Flexicap Fund (Direct) | −1.81% | −4.13% | −1.73% | −7.80% | +8.02% | +6.91% | +11.39% |
| SBI Quality Fund (Direct) | −2.44% | −3.22% | +3.73% | -- | -- | -- | -- |
| Flexi Cap average | −1.62% | −4.17% | +1.00% | −3.58% | +12.37% | +10.04% | +13.13% |
| Thematic average | −2.09% | −4.52% | +0.86% | -- | -- | -- | -- |
Category average: the average of the 46 Flexi Cap funds and the 235 Thematic funds, same plan type.
SBI Flexicap vs SBI Quality: Year-wise Returns
| Year | FlexicapSBI Flexicap | QualitySBI Quality |
|---|---|---|
| 2026to date | −8.28% | -- |
| 2025 | +6.35% | -- |
| 2024 | +15.19% | -- |
| 2023 | +23.88% | -- |
| 2022 | +1.60% | -- |
| 2021 | +32.05% | -- |
SBI Flexicap vs SBI Quality: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of SBI Flexicap Fund
SBI Flexicap vs SBI Quality: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | SBI Flexicap Fund (Direct) | SBI Quality Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.02% | +4.77% |
| Standard deviation | 14.79% | 13.57% |
| Sharpe ratio | 0.54 | -0.03 |
| Sortino ratio | 0.72 | -0.04 |
| Maximum drawdown | −35.8% (23-03-2020) | −10.4% (23-10-2026) |
| Beta | 0.91 | 0.80 |
| Alpha | +1.82% | +10.71% |
From daily NAVs, 07-01-2013 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.
SBI Flexicap Fund (Direct)
SBI Quality Fund (Direct)
BSE 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| SBI Flexicap Fund (Direct) | −12.8% | 23-02-2026 | 30-03-2026 | Not yet | -- | −7.1% |
| SBI Quality Fund (Direct) | −10.4% | 31-08-2026 | 23-10-2026 | Not yet | -- | −7.5% |
| BSE 500 TRI | −12.6% | 23-02-2026 | 30-03-2026 | 31-07-2026 | 4 months | −7.8% |
From daily values since 23-02-2026, the first day every fund has.
SBI Flexicap vs SBI Quality: Portfolio Overlap
From each fund's latest monthly portfolio: SBI Flexicap Fund, September 2026; SBI Quality Fund, September 2026
Holdings in common
- Overlap
- 35.4%
- Held by both
- 26
- Only in SBI Flexicap
- 38
- Only in SBI Quality
- 21
| Security | % of SBI Flexicap | % of SBI Quality |
|---|---|---|
| Bajaj Auto Ltd. | 2.65% | 5.59% |
| HDFC Bank Ltd. | 6.24% | 2.06% |
| ICICI Bank Ltd. | 6.90% | 2.05% |
| Sun Pharmaceutical Industries Ltd. | 2.10% | 1.94% |
| Bajaj Finance Ltd. | 2.50% | 1.93% |
| Life Insurance Corporation of India | 2.20% | 1.93% |
| Eicher Motors Ltd. | 2.46% | 1.92% |
| Titan Company Ltd. | 2.41% | 1.89% |
| Tata Motors Ltd. | 1.93% | 1.88% |
| Apollo Hospitals Enterprise Ltd. | 2.09% | 1.84% |
| State Bank of India | 2.17% | 1.80% |
| Pearl Global Industries Ltd. | 1.64% | 2.93% |
| Varun Beverages Ltd. | 2.02% | 1.45% |
| Coforge Ltd. | 2.06% | 1.36% |
| Solar Industries India Ltd. | 1.21% | 4.13% |
| Multi Commodity Exchange of India Ltd. | 1.43% | 1.13% |
| Divi's Laboratories Ltd. | 1.13% | 2.07% |
| Sona Blw Precision Forgings Ltd. | 1.19% | 1.01% |
| AIA Engineering Ltd. | 0.95% | 1.70% |
| Cummins India Ltd. | 1.11% | 0.70% |
| Ajanta Pharma Ltd. | 0.70% | 2.15% |
| Eternal Ltd. | 0.59% | 0.59% |
| CCL Products (India) Ltd. | 0.52% | 1.80% |
| FSN E-Commerce Ventures Ltd. | 2.02% | 0.50% |
| Grindwell Norton Ltd. | 0.36% | 2.10% |
| 91 DAY T-BILL 03.12.26 | 0.25% | 0.38% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 35.4% means 35.4% 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 SBI Flexicap Fund
| Security | % of fund |
|---|---|
| Larsen & Toubro Ltd. | 3.32% |
| Aurobindo Pharma Ltd. | 3.03% |
| JSW Infrastructure Ltd. | 2.81% |
| Urban Company Ltd. | 2.07% |
| Shriram Finance Ltd. | 2.00% |
Largest holdings only in SBI Quality Fund
| Security | % of fund |
|---|---|
| Nestle India Ltd. | 5.16% |
| Marico Ltd. | 3.93% |
| Hindustan Aeronautics Ltd. | 3.75% |
| Dixon Technologies (India) Ltd. | 3.34% |
| Hindustan Zinc Ltd. | 2.99% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | SBI Flexicap | SBI Quality |
|---|---|---|
| Equity | 97.0% | 95.2% |
| Debt | 0.4% | 0.4% |
| Cash and others | 2.6% | 4.5% |
Market cap of stocks
| Market cap | SBI Flexicap | SBI Quality |
|---|---|---|
| Large Cap | 60.1% | 52.2% |
| Mid Cap | 19.4% | 19.7% |
| Small Cap | 14.1% | 18.2% |
| Foreign stocks | 3.4% | 3.1% |
| Not on AMFI's list | 0.0% | 2.0% |
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 | SBI Flexicap | SBI Quality |
|---|---|---|
| Banks | 23.7% | 8.1% |
| Automobiles | 5.1% | 10.3% |
| Pharmaceuticals & Biotechnology | 9.1% | 8.3% |
| IT - Software | 4.2% | 6.8% |
| Agricultural Food & other Products | 0.5% | 6.8% |
| Electrical Equipment | 0.0% | 6.0% |
| Retailing | 5.7% | 1.1% |
| Finance | 4.8% | 1.9% |
| Industrial Products | 4.4% | 4.5% |
The six largest sectors of each fund's stocks, % of the fund.
SBI Flexicap vs SBI Quality: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | SBI Flexicap Fund | SBI Quality Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.24% | 1.34% |
| Base expense ratio (Direct) | 0.72% | 0.77% |
| Total expense ratio (Regular) | 2.03% | 2.42% |
| Base expense ratio (Regular) | 1.40% | 1.70% |
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 SBI Flexicap with
SBI Flexicap Fund vs SBI Quality Fund: Frequently Asked Questions
What is the difference between SBI Flexicap Fund and SBI Quality Fund?
SBI Flexicap Fund is a Flexi Cap fund, SBI Quality Fund is a Thematic fund, run by SBI Mutual Fund. Their portfolios overlap 35.4%. SBI Flexicap Fund charges 1.24% a year and SBI Quality Fund 1.34%.
Which has the lower expense ratio, SBI Flexicap Fund or SBI Quality Fund?
SBI Flexicap Fund charges less: 1.24% a year against 1.34%. These are the Direct plans' total expense ratios reported to AMFI.
How much do SBI Flexicap Fund and SBI Quality Fund overlap?
35.4%. They hold 26 of the same securities, the largest shared ones being BAJAJ-AUTO, HDFCBANK, ICICIBANK. From each fund's latest monthly portfolio.
Which is riskier, SBI Flexicap Fund or SBI Quality Fund?
On SEBI's riskometer, SBI Flexicap Fund is rated Very High and SBI Quality Fund Very High. Over their common history, the standard deviation of daily returns was 14.79% and 13.57% a year.
Can I invest in both SBI Flexicap Fund and SBI Quality Fund?
Yes. 35.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages SBI Flexicap Fund and SBI Quality Fund?
SBI Flexicap Fund: Dinesh Balachandran, Anup Upadhyay. SBI Quality Fund: 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.