SBI Flexicap Fund vs UTI - Flexi Cap Fund.
Direct Plan, Growth option · Data as on 30-10-2026
SBI Flexicap Fund and UTI - Flexi Cap Fund. are both Flexi Cap funds. In the 3 years to 30-10-2026, SBI Flexicap Fund (Direct) returned 8.0% a year and UTI - Flexi Cap Fund. (Direct) returned 8.5% a year. SBI Flexicap Fund charges 1.24% a year and UTI - Flexi Cap Fund. 1.17% (Direct plans). Their portfolios overlap 26.5%: they hold 13 of the same securities.
UTI - Flexi Cap Fund.
Flexi Cap
- 3 year return
- 8.5%
- Expense ratio
- 1.17%
- NAV
- ₹336.25
Which is better, SBI Flexicap or UTI - Flexi Cap Fund.? 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 returned more over 5 years: 6.9% a year against 3.9%.
- UTI - Flexi Cap Fund. returned more over 3 years: 8.5% a year against 8.0%.
- UTI - Flexi Cap Fund. costs less: 1.17% a year against 1.24% (Direct plans).
- SBI Flexicap swung less over 3 years: a standard deviation of 12.5% a year against 12.9%.
- UTI - Flexi Cap Fund. fell less in its worst fall since 07-01-2013: −33.9% against −35.8%.
- SBI Flexicap holds 3.4% of the fund in foreign stocks; UTI - Flexi Cap Fund. 0.0%.
- UTI - Flexi Cap Fund. is the larger fund: ₹22,495 Cr against ₹22,109 Cr.
- Their portfolios overlap 26.5%: 13 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 | UTI - Flexi Cap Fund. |
|---|---|---|
| Fund house | SBI Mutual Fund | UTI Mutual Fund |
| Category | Flexi Cap | Flexi Cap |
| AUM | ₹22,109 Cr (30-09-2026) | ₹22,495 Cr (30-09-2026) |
| NAV | ₹116.25 (Direct) | ₹336.25 (Direct) |
| Expense ratio (Direct) | 1.24% | 1.17% |
| Expense ratio (Regular) | 2.03% | 1.69% |
| Riskometer | Very High | Very High |
| Benchmark | BSE 500 TRI | Nifty 500 TRI |
| Launch date | 29-09-2005 | 01-08-1992 |
| Minimum investment | ₹1,000 | Regular Plan-Growth- Rs.5000, Regular Plan-Reinvestment of IDCW- Rs.5000, Regular Plan-Payout of IDCW- Rs.5000, Direct Plan-Growth- Rs.5000, Direct Plan-Reinvestment of IDCW- Rs.5000, Direct Plan-Payout of IDCW- Rs.5000, |
| Lock in | None | None |
| Fund managers | Dinesh Balachandran, Anup Upadhyay | Ajay Tyagi FM 1, Kamal Gada FM 2, Akash Shah FM 3, Not Applicable FM 4, Not Applicable FM 5 |
| Exit load | Exit load of 0.10% if redeemed within 30 days. | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year. |
SBI Flexicap vs UTI - Flexi Cap Fund.: 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% |
| UTI - Flexi Cap Fund. (Direct) | +0.06% | −4.46% | +6.64% | −5.64% | +8.51% | +3.93% | +11.68% |
| Flexi Cap average | −1.62% | −4.17% | +1.00% | −3.58% | +12.37% | +10.04% | +13.13% |
Category average: the average of the 46 Flexi Cap funds, same plan type.
SBI Flexicap vs UTI - Flexi Cap Fund.: Year-wise Returns
| Year | SBI FlexicapSBI Flexicap | UTI - Flexi Cap Fund.UTI - Flexi Cap Fund. |
|---|---|---|
| 2026to date | −8.28% | −2.66% |
| 2025 | +6.35% | +1.71% |
| 2024 | +15.19% | +15.12% |
| 2023 | +23.88% | +20.73% |
| 2022 | +1.60% | −12.68% |
| 2021 | +32.05% | +35.00% |
SBI Flexicap vs UTI - Flexi Cap Fund.: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of SBI Flexicap Fund
Rolling returns
Every 3-year holding period, 2,673 of them, one for each trading day from 07-01-2016 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.
SBI Flexicap Fund (Direct)
UTI - Flexi Cap Fund. (Direct)
BSE 500 TRI
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SBI Flexicap | 1.5 | 4.8 | 7.4 | 34.4 | 30.3 | 12.3 | 9.3 | 15.7% | 15.2% | −4.3% | 33.5% | 44% |
| UTI - Flexi Cap Fund. | 0.1 | 2.7 | 25.2 | 33.6 | 24.4 | 10.1 | 3.8 | 13.9% | 13.2% | −1.4% | 30.0% | 43% |
| BSE 500 TRI | 1.8 | 4.2 | 8.0 | 36.7 | 34.3 | 11.6 | 3.3 | 14.8% | 14.9% | −6.2% | 33.9% | -- |
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 BSE 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 07-01-2013. Past returns do not promise future returns.
SBI Flexicap vs UTI - Flexi Cap Fund.: 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 07-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| SBI FlexicapSBI Flexicap Fund (Direct) | ₹16,60,000 | ₹42,01,156 | ₹25,41,156 | 12.5% |
| UTI - Flexi Cap Fund.UTI - Flexi Cap Fund. (Direct) | ₹16,60,000 | ₹39,57,833 | ₹22,97,833 | 11.7% |
SBI FlexicapSBI Flexicap Fund (Direct)
UTI - Flexi Cap Fund.UTI - 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.
SBI Flexicap vs UTI - Flexi Cap Fund.: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | SBI Flexicap Fund (Direct) | UTI - Flexi Cap Fund. (Direct) |
|---|---|---|
| Return (CAGR) | −7.80% | −5.64% |
| Standard deviation | 13.58% | 14.17% |
| Sharpe ratio | -0.96 | -0.77 |
| Sortino ratio | -1.26 | -1.05 |
| Maximum drawdown | −14.7% (30-03-2026) | −18.9% (23-03-2026) |
| Beta | 0.93 | 0.93 |
| Alpha | −1.09% | +0.85% |
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 | SBI Flexicap Fund (Direct) | UTI - Flexi Cap Fund. (Direct) |
|---|---|---|
| Return (CAGR) | +8.02% | +8.51% |
| Standard deviation | 12.52% | 12.92% |
| Sharpe ratio | 0.16 | 0.19 |
| Sortino ratio | 0.22 | 0.27 |
| Maximum drawdown | −16.0% (04-03-2025) | −20.1% (23-03-2026) |
| Beta | 0.86 | 0.83 |
| Alpha | −1.31% | −0.99% |
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 | SBI Flexicap Fund (Direct) | UTI - Flexi Cap Fund. (Direct) |
|---|---|---|
| Return (CAGR) | +6.91% | +3.93% |
| Standard deviation | 12.66% | 13.42% |
| Sharpe ratio | 0.09 | -0.14 |
| Sortino ratio | 0.12 | -0.19 |
| Maximum drawdown | −16.4% (20-06-2022) | −25.6% (17-06-2022) |
| Beta | 0.86 | 0.87 |
| Alpha | −1.34% | −4.47% |
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 | SBI Flexicap Fund (Direct) | UTI - Flexi Cap Fund. (Direct) |
|---|---|---|
| Return (CAGR) | +14.02% | +12.83% |
| Standard deviation | 14.79% | 14.69% |
| Sharpe ratio | 0.54 | 0.46 |
| Sortino ratio | 0.72 | 0.63 |
| Maximum drawdown | −35.8% (23-03-2020) | −33.9% (23-03-2020) |
| Beta | 0.91 | 0.88 |
| Alpha | +1.82% | +0.83% |
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)
UTI - Flexi Cap 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) | −35.8% | 24-01-2020 | 23-03-2020 | 17-11-2020 | 8 months | −9.2% |
| UTI - Flexi Cap Fund. (Direct) | −33.9% | 12-02-2020 | 23-03-2020 | 08-10-2020 | 7 months | −7.0% |
| BSE 500 TRI | −38.1% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −9.4% |
From daily values since 07-01-2013, 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.
SBI Flexicap Fund (Direct)
UTI - Flexi Cap Fund. (Direct)
BSE 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.
SBI Flexicap Fund (Direct)
UTI - Flexi Cap Fund. (Direct)
BSE 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.
SBI Flexicap Fund (Direct)
UTI - Flexi Cap Fund. (Direct)
BSE 500 TRI
Against BSE 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| SBI Flexicap Fund (Direct) | 96% | 86% | 3.89% |
| UTI - Flexi Cap Fund. (Direct) | 94% | 89% | 5.25% |
From month-end values since 07-01-2013. 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.
SBI Flexicap vs UTI - Flexi Cap Fund.: Portfolio Overlap
From each fund's latest monthly portfolio: SBI Flexicap Fund, September 2026; UTI - Flexi Cap Fund., September 2026
Holdings in common
- Overlap
- 26.5%
- Held by both
- 13
- Only in SBI Flexicap
- 51
- Only in UTI - Flexi Cap Fund.
- 41
| Security | % of SBI Flexicap | % of UTI - Flexi Cap Fund. |
|---|---|---|
| ICICI Bank Ltd. | 6.90% | 5.81% |
| HDFC Bank Ltd. | 6.24% | 4.61% |
| Bajaj Finance Ltd. | 2.50% | 5.53% |
| Titan Company Ltd. | 2.41% | 3.94% |
| Eicher Motors Ltd. | 2.46% | 2.19% |
| Coforge Ltd. | 2.06% | 3.77% |
| Bharti Airtel Ltd. | 1.94% | 3.37% |
| Kotak Mahindra Bank Ltd. | 1.63% | 3.41% |
| Divi's Laboratories Ltd. | 1.13% | 1.76% |
| Ajanta Pharma Ltd. | 0.70% | 2.12% |
| Eternal Ltd. | 0.59% | 6.56% |
| AU Small Finance Bank Ltd. | 0.53% | 1.03% |
| Grindwell Norton Ltd. | 0.36% | 1.19% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 26.5% means 26.5% 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% |
| Bajaj Auto Ltd. | 2.65% |
| Life Insurance Corporation of India | 2.20% |
Largest holdings only in UTI - Flexi Cap Fund.
| Security | % of fund |
|---|---|
| EQ - DIXON TECHNOLOGIES (INDIA) LTD | 3.61% |
| EQ - INFO-EDGE (INDIA) LTD. | 3.59% |
| EQ - PERSISTENT SYSTEMS LTD. | 3.44% |
| EQ - AVENUE SUPERMARTS LTD. | 2.84% |
| EQ - MAHINDRA & MAHINDRA LTD. | 2.44% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | SBI Flexicap | UTI - Flexi Cap Fund. |
|---|---|---|
| Equity | 97.0% | 97.0% |
| Debt | 0.4% | 0.2% |
| Cash and others | 2.6% | 2.7% |
Market cap of stocks
| Market cap | SBI Flexicap | UTI - Flexi Cap Fund. |
|---|---|---|
| Large Cap | 60.1% | 58.4% |
| Mid Cap | 19.4% | 26.3% |
| Small Cap | 14.1% | 12.4% |
| Foreign stocks | 3.4% | 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 | SBI Flexicap | UTI - Flexi Cap Fund. |
|---|---|---|
| Banks | 23.7% | 14.9% |
| Retailing | 5.7% | 16.6% |
| Consumer Durables | 2.8% | 10.4% |
| IT - Software | 4.2% | 9.3% |
| Pharmaceuticals & Biotechnology | 9.1% | 8.4% |
| Finance | 4.8% | 7.7% |
| Automobiles | 5.1% | 7.5% |
| Industrial Products | 4.4% | 4.5% |
The six largest sectors of each fund's stocks, % of the fund.
SBI Flexicap vs UTI - Flexi Cap Fund.: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | SBI Flexicap Fund | UTI - Flexi Cap Fund. |
|---|---|---|
| Total expense ratio (Direct) | 1.24% | 1.17% |
| Base expense ratio (Direct) | 0.72% | 0.94% |
| Total expense ratio (Regular) | 2.03% | 1.69% |
| Base expense ratio (Regular) | 1.40% | 1.40% |
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 UTI - Flexi Cap Fund.: Frequently Asked Questions
What is the difference between SBI Flexicap Fund and UTI - Flexi Cap Fund.?
Both are Flexi Cap funds, run by SBI Mutual Fund and UTI Mutual Fund. Their portfolios overlap 26.5%. SBI Flexicap Fund charges 1.24% a year and UTI - Flexi Cap Fund. 1.17%.
Which has given higher returns, SBI Flexicap Fund or UTI - Flexi Cap Fund.?
Over 1 year: SBI Flexicap Fund −7.80%, UTI - Flexi Cap Fund. −5.64%. Over 3 years: SBI Flexicap Fund +8.02% a year, UTI - Flexi Cap Fund. +8.51% a year. Over 5 years: SBI Flexicap Fund +6.91% a year, UTI - Flexi Cap Fund. +3.93% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, SBI Flexicap Fund or UTI - Flexi Cap Fund.?
UTI - Flexi Cap Fund. charges less: 1.17% a year against 1.24%. These are the Direct plans' total expense ratios reported to AMFI.
How much do SBI Flexicap Fund and UTI - Flexi Cap Fund. overlap?
26.5%. They hold 13 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, BAJFINANCE. From each fund's latest monthly portfolio.
Which is riskier, SBI Flexicap Fund or UTI - Flexi Cap Fund.?
On SEBI's riskometer, SBI Flexicap Fund is rated Very High and UTI - Flexi Cap Fund. Very High. Over 3 years, the standard deviation of daily returns was 12.52% and 12.92% a year.
Which is better for SIP, SBI Flexicap Fund or UTI - Flexi Cap Fund.?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,08,334 in SBI Flexicap Fund (XIRR 5.8% a year) and ₹7,04,539 in UTI - Flexi Cap Fund. (XIRR 5.6% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both SBI Flexicap Fund and UTI - Flexi Cap Fund.?
Yes. 26.5% 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 UTI - Flexi Cap Fund.?
SBI Flexicap Fund: Dinesh Balachandran, Anup Upadhyay. UTI - Flexi Cap Fund.: Ajay Tyagi FM 1, Kamal Gada FM 2, Akash Shah FM 3, Not Applicable FM 4, Not Applicable FM 5.
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.