Tata Flexi Cap Fund vs Tata Focused Fund
Direct Plan, Growth option · Data as on 30-10-2026
Tata Flexi Cap Fund is a Flexi Cap fund and Tata Focused Fund is a Focused fund. In the 3 years to 30-10-2026, Tata Flexi Cap Fund (Direct) returned 9.1% a year and Tata Focused Fund (Direct) returned 8.4% a year. Tata Flexi Cap Fund charges 0.89% a year and Tata Focused Fund 0.94% (Direct plans). Their portfolios overlap 45.9%: they hold 21 of the same securities.
Which is better, Tata Flexi Cap or Tata Focused? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Tata Focused returned more over 5 years: 8.5% a year against 7.9%.
- Tata Flexi Cap returned more over 3 years: 9.1% a year against 8.4%.
- Tata Flexi Cap costs less: 0.89% a year against 0.94% (Direct plans).
- Tata Flexi Cap swung less over 3 years: a standard deviation of 12.7% a year against 14.5%.
- Tata Flexi Cap fell less in its worst fall since 06-12-2019: −33.5% against −37.3%.
- Tata Flexi Cap is the larger fund: ₹3,454 Cr against ₹1,625 Cr.
- Their portfolios overlap 45.9%: 21 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 | Tata Flexi Cap Fund | Tata Focused Fund |
|---|---|---|
| Fund house | Tata Mutual Fund | Tata Mutual Fund |
| Category | Flexi Cap | Focused |
| AUM | ₹3,454 Cr (30-09-2026) | ₹1,625 Cr (30-09-2026) |
| NAV | ₹25.03 (Direct) | ₹23.66 (Direct) |
| Expense ratio (Direct) | 0.89% | 0.94% |
| Expense ratio (Regular) | 2.13% | 2.29% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | Nifty 500 TRI |
| Launch date | 06-09-2018 | 05-12-2019 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Anand Sharma, Aditya Bagul | Anand Sharma, Hasmukh Vishariya |
| Exit load | Redemption/Switch-out/SWP/STP: 1. On or before 30 days from the date of allotment: 0.50%. 2. After 30 days from the date of allotment: NIL. | Exit load of 0.50%, if redeemed within 30 days. |
Tata Flexi Cap vs Tata Focused: 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 |
|---|---|---|---|---|---|---|---|
| Tata Flexi Cap Fund (Direct) | −1.02% | −6.54% | −4.90% | −10.21% | +9.08% | +7.88% | -- |
| Tata Focused Fund (Direct) | −1.22% | −8.77% | −5.05% | −10.26% | +8.45% | +8.50% | -- |
| Flexi Cap average | −1.62% | −4.17% | +1.00% | −3.58% | +12.37% | +10.04% | -- |
| Focused average | −1.00% | −4.12% | +1.39% | −3.09% | +12.30% | +10.21% | -- |
Category average: the average of the 46 Flexi Cap funds and the 28 Focused funds, same plan type.
Tata Flexi Cap vs Tata Focused: Year-wise Returns
| Year | Flexi CapTata Flexi Cap | FocusedTata Focused | Nifty 500 TRI |
|---|---|---|---|
| 2026to date | −10.28% | −9.90% | −7.51% |
| 2025 | +12.01% | +1.37% | +7.76% |
| 2024 | +14.03% | +19.99% | +16.24% |
| 2023 | +29.48% | +29.82% | +26.91% |
| 2022 | −2.15% | +6.58% | +4.25% |
| 2021 | +28.33% | +35.41% | +31.60% |
Tata Flexi Cap vs Tata Focused: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 960 of them, one for each trading day from 06-12-2022 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.
Tata Flexi Cap Fund (Direct)
Tata Focused Fund (Direct)
Nifty 500 TRI
to
Mar 2023Nov 2020
to
Nov 2023Jul 2021
to
Jul 2024Mar 2022
to
Mar 2025Nov 2022
to
Nov 2025Jul 2023
to
Jul 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tata Flexi Cap | 0.0 | 0.0 | 3.2 | 28.7 | 55.4 | 12.4 | 0.2 | 16.4% | 16.8% | 7.9% | 26.7% | 33% |
| Tata Focused | 0.0 | 0.0 | 3.6 | 14.0 | 42.2 | 27.0 | 13.2 | 19.1% | 18.7% | 7.4% | 34.3% | 83% |
| Nifty 500 TRI | 0.0 | 0.0 | 2.0 | 19.7 | 51.6 | 18.8 | 8.0 | 18.0% | 17.4% | 8.8% | 33.5% | -- |
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 06-12-2019. Past returns do not promise future returns.
Tata Flexi Cap vs Tata Focused: 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 02-12-2019 to 30-10-2026: 83 instalments, ₹8,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Tata Flexi CapTata Flexi Cap Fund (Direct) | ₹8,30,000 | ₹11,84,080 | ₹3,54,080 | 10.1% |
| Tata FocusedTata Focused Fund (Direct) | ₹8,30,000 | ₹12,17,641 | ₹3,87,641 | 10.9% |
Tata Flexi CapTata Flexi Cap Fund (Direct)
Tata FocusedTata Focused 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.
Tata Flexi Cap vs Tata Focused: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Tata Flexi Cap Fund (Direct) | Tata Focused Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.21% | −10.26% |
| Standard deviation | 13.19% | 14.03% |
| Sharpe ratio | -1.17 | -1.10 |
| Sortino ratio | -1.54 | -1.47 |
| Maximum drawdown | −14.1% (31-03-2026) | −14.2% (31-03-2026) |
| Beta | 0.90 | 0.94 |
| Alpha | −4.10% | −3.62% |
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 | Tata Flexi Cap Fund (Direct) | Tata Focused Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.08% | +8.45% |
| Standard deviation | 12.68% | 14.49% |
| Sharpe ratio | 0.24 | 0.17 |
| Sortino ratio | 0.33 | 0.23 |
| Maximum drawdown | −14.6% (03-03-2025) | −19.6% (13-03-2025) |
| Beta | 0.86 | 0.98 |
| Alpha | −0.56% | −1.67% |
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 | Tata Flexi Cap Fund (Direct) | Tata Focused Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.88% | +8.50% |
| Standard deviation | 13.04% | 14.39% |
| Sharpe ratio | 0.16 | 0.19 |
| Sortino ratio | 0.21 | 0.25 |
| Maximum drawdown | −17.7% (20-06-2022) | −19.6% (13-03-2025) |
| Beta | 0.88 | 0.97 |
| Alpha | −0.58% | −0.22% |
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 | Tata Flexi Cap Fund (Direct) | Tata Focused Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.95% | +13.31% |
| Standard deviation | 15.24% | 17.55% |
| Sharpe ratio | 0.44 | 0.47 |
| Sortino ratio | 0.59 | 0.62 |
| Maximum drawdown | −33.5% (23-03-2020) | −37.3% (23-03-2020) |
| Beta | 0.87 | 0.99 |
| Alpha | +1.17% | −0.29% |
From daily NAVs, 10-09-2018 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.
Tata Flexi Cap Fund (Direct)
Tata Focused Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Tata Flexi Cap Fund (Direct) | −33.5% | 13-02-2020 | 23-03-2020 | 08-10-2020 | 7 months | −11.0% |
| Tata Focused Fund (Direct) | −37.3% | 06-02-2020 | 23-03-2020 | 09-11-2020 | 8 months | −14.6% |
| Nifty 500 TRI | −38.1% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −8.8% |
From daily values since 06-12-2019, 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.
Tata Flexi Cap Fund (Direct)
Tata Focused 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.
Tata Flexi Cap Fund (Direct)
Tata Focused 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.
Tata Flexi Cap Fund (Direct)
Tata Focused Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Tata Flexi Cap Fund (Direct) | 83% | 79% | 4.93% |
| Tata Focused Fund (Direct) | 96% | 95% | 3.93% |
From month-end values since 06-12-2019. 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.
Tata Flexi Cap vs Tata Focused: Portfolio Overlap
From each fund's latest monthly portfolio: Tata Flexi Cap Fund, September 2026; Tata Focused Fund, September 2026
Holdings in common
- Overlap
- 45.9%
- Held by both
- 21
- Only in Tata Flexi Cap
- 48
- Only in Tata Focused
- 7
| Security | % of Tata Flexi Cap | % of Tata Focused |
|---|---|---|
| HDFC BANK LTD | 6.28% | 8.03% |
| ICICI BANK LTD | 6.13% | 7.58% |
| RELIANCE INDUSTRIES LTD | 4.23% | 4.92% |
| AXIS BANK LTD | 3.87% | 6.30% |
| BHARTI AIRTEL LTD | 3.79% | 4.42% |
| LARSEN & TOUBRO LTD | 2.62% | 3.93% |
| NTPC LTD | 2.46% | 4.44% |
| SBI LIFE INSURANCE COMPANY LTD | 2.04% | 4.05% |
| HDFC LIFE INSURANCE CO. LTD | 1.62% | 2.82% |
| GRAPHITE INDIA LTD | 1.53% | 2.23% |
| LIFE INSURANCE CORPORATION OF INDIA | 1.51% | 2.15% |
| INFOSYS LTD | 1.38% | 4.03% |
| SUN PHARMACEUTICAL INDUSTRIES LTD | 1.31% | 1.79% |
| AMBER ENTERPRISES INDIA LTD | 1.22% | 1.80% |
| TENNECO CLEAN AIR INDIA LTD | 1.14% | 1.30% |
| SBI FUNDS MANAGEMENT LTD | 1.10% | 2.35% |
| HEALTHCARE GLOBAL ENTERPRISES LTD | 0.92% | 4.14% |
| JINDAL STEEL LTD | 0.90% | 2.83% |
| SWIGGY LTD | 0.78% | 1.65% |
| PIDILITE INDUSTRIES LTD | 1.66% | 0.54% |
| PAGE INDUSTRIES LTD | 0.53% | 2.13% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 45.9% means 45.9% 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 Tata Flexi Cap Fund
| Security | % of fund |
|---|---|
| MARUTI SUZUKI INDIA LTD | 2.28% |
| KOTAK MAHINDRA BANK LTD | 1.83% |
| ITC LTD | 1.67% |
| INDUSIND BANK LTD | 1.66% |
| ABBOTT INDIA LTD | 1.63% |
Largest holdings only in Tata Focused Fund
| Security | % of fund |
|---|---|
| ULTRATECH CEMENT LTD | 5.21% |
| MAHINDRA & MAHINDRA LTD | 3.92% |
| HAVELLS INDIA LTD | 3.15% |
| GODREJ PROPERTIES LTD | 2.69% |
| TATA COMMUNICATIONS LTD | 2.02% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Tata Flexi Cap | Tata Focused |
|---|---|---|
| Equity | 94.8% | 93.7% |
| Debt | 0.0% | 0.0% |
| Cash and others | 5.2% | 6.3% |
Market cap of stocks
| Market cap | Tata Flexi Cap | Tata Focused |
|---|---|---|
| Large Cap | 58.8% | 67.0% |
| Mid Cap | 15.5% | 11.6% |
| Small Cap | 18.2% | 12.8% |
| Not on AMFI's list | 2.3% | 2.4% |
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 | Tata Flexi Cap | Tata Focused |
|---|---|---|
| Banks | 21.3% | 21.9% |
| Insurance | 6.0% | 9.0% |
| Telecom - Services | 5.2% | 6.4% |
| Healthcare Services | 2.7% | 5.9% |
| Construction | 3.2% | 5.5% |
| Consumer Durables | 5.2% | 5.0% |
| Petroleum Products | 5.2% | 4.9% |
| Cement & Cement Products | 3.6% | 5.2% |
| Pharmaceuticals & Biotechnology | 4.2% | 1.8% |
The six largest sectors of each fund's stocks, % of the fund.
Tata Flexi Cap vs Tata Focused: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Tata Flexi Cap Fund | Tata Focused Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.89% | 0.94% |
| Base expense ratio (Direct) | 0.59% | 0.64% |
| Total expense ratio (Regular) | 2.13% | 2.29% |
| Base expense ratio (Regular) | 1.65% | 1.80% |
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 Tata Flexi Cap with
Tata Flexi Cap Fund vs Tata Focused Fund: Frequently Asked Questions
What is the difference between Tata Flexi Cap Fund and Tata Focused Fund?
Tata Flexi Cap Fund is a Flexi Cap fund, Tata Focused Fund is a Focused fund, run by Tata Mutual Fund. Their portfolios overlap 45.9%. Tata Flexi Cap Fund charges 0.89% a year and Tata Focused Fund 0.94%.
Which has given higher returns, Tata Flexi Cap Fund or Tata Focused Fund?
Over 1 year: Tata Flexi Cap Fund −10.21%, Tata Focused Fund −10.26%. Over 3 years: Tata Flexi Cap Fund +9.08% a year, Tata Focused Fund +8.45% a year. Over 5 years: Tata Flexi Cap Fund +7.88% a year, Tata Focused Fund +8.50% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Tata Flexi Cap Fund or Tata Focused Fund?
Tata Flexi Cap Fund charges less: 0.89% a year against 0.94%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Tata Flexi Cap Fund and Tata Focused Fund overlap?
45.9%. They hold 21 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Tata Flexi Cap Fund or Tata Focused Fund?
On SEBI's riskometer, Tata Flexi Cap Fund is rated Very High and Tata Focused Fund Very High. Over 3 years, the standard deviation of daily returns was 12.68% and 14.49% a year.
Which is better for SIP, Tata Flexi Cap Fund or Tata Focused Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,28,353 in Tata Flexi Cap Fund (XIRR 6.9% a year) and ₹7,16,272 in Tata Focused Fund (XIRR 6.3% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Tata Flexi Cap Fund and Tata Focused Fund?
Yes. 45.9% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Tata Flexi Cap Fund and Tata Focused Fund?
Tata Flexi Cap Fund: Anand Sharma, Aditya Bagul. Tata Focused Fund: Anand Sharma, Hasmukh Vishariya.
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.