EquityFlexi Cap FundDirectIDCWVery High

SBI Flexicap Fund

Q: What is the NAV of SBI Flexicap Fund?

As of 05 Oct 2026, the NAV of SBI Flexicap Fund is ₹58.96 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has SBI Flexicap Fund delivered?

SBI Flexicap Fund has returned -3.71% over 1 year, +7.88% per year over 3 years, +7.21% per year over 5 years and +10.77% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of SBI Flexicap Fund?

SBI Flexicap Fund charges an expense ratio of 1.24% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of SBI Flexicap Fund?

SBI Flexicap Fund's largest holdings are ICICI Bank Ltd. (7.2%), HDFC Bank Ltd. (5.5%), Larsen & Toubro Ltd. (3.9%), Bajaj Auto Ltd. (3.9%) and Coforge Ltd. (3.0%). Holdings are disclosed monthly and change over time.

Q: How risky is SBI Flexicap Fund?

SBI Flexicap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 12.5% and its worst peak-to-trough fall in our sample was -41.3%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 0.11 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. SBI Flexicap Fund's 0.11 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of SBI Flexicap Fund?

SBI Flexicap Fund is benchmarked against the S&P BSE 500 Index. Its alpha and beta on this page are measured against that index.

Q: Who manages SBI Flexicap Fund?

SBI Flexicap Fund is managed by Dinesh Balachandran and Anup Upadhyay at SBI.

Q: How is SBI Flexicap Fund taxed?

SBI Flexicap Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

SBI Mutual Fund · Best Flexi Cap Mutual Funds

NAV

₹58.96

+0.65% 1D

as of 05 Oct 2026

This is the Direct plan of SBI Flexicap Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.

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Performance

-4.23%absolute

52-week rangePrev NAV ₹58.58

Latest ₹58.96

Low ₹54.5547th percentile of its 52-week rangeHigh ₹63.96

Scorecard

Not rated

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. Not rated — too few comparable Equity funds (same plan and option) to rank against yet.

Performance—

Not enough Flexi Cap Fund peers to rank yet

Risk—

Volatility 12.5% (no category average yet)

Cost—

1.2% expense (no category average yet)

ConsistencyModerate

87% of rolling 3Y windows were positive

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.24%

Category —

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

22.32

Category —

Excess return per unit of total volatility (rf = 6.5%)

0.11

Category —

Scheme Info

Definitions

Plan

Direct · IDCW

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

Exit Load

—

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹500

Smallest one-time (lumpsum) investment the scheme accepts

₹1,000

S&P BSE 500 Index

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

08 Jan 2013

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-3.80%

Absolute return over the last 3 months (not annualized)

-2.66%

Absolute return over the last 6 months (not annualized)

+6.20%

Absolute return since 1 Jan of this year (not annualized)

-6.92%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

-3.71%

3-year annualized return (CAGR)

+7.88%

5-year annualized return (CAGR)

+7.21%

10-year annualized return (CAGR)

+8.43%

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+10.77%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

12.46%

Excess return per unit of total volatility (rf = 6.5%)

0.11

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

0.15

Largest peak-to-trough decline over full history

-41.28%

Benchmark ratios (vs Nifty 500 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 500 TRI

-1.41%

Sensitivity to Nifty 500 TRI moves; 1 = moves with the index

0.86

How much of the fund's movement Nifty 500 TRI explains

95.9%

Excess return per unit of beta (market risk)

1.56

Active return over the benchmark per unit of tracking error

-0.52

Annualized std dev of fund-minus-benchmark returns

3.57%

Fund's share of benchmark gains in up months (100 = matches index)

84.4%

Fund's share of benchmark losses in down months (lower is better)

86.7%

Computed vs the Nifty 500 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Flexi Cap Fund)

Period	Fund	Category avg.	Diff
1M abs	-3.80%	—	—
3M abs	-2.66%	—	—
6M abs	+6.20%	—	—
1Y CAGR	-3.71%	—	—
3Y CAGR	+7.88%	—	—
5Y CAGR	+7.21%	—	—

Category average across peers in Flexi Cap Fund, same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹7.03L

Absolute

+17.21%

XIRR

+6.49%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into SBI Flexicap Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty 500 TRI	Diff
2026part	-6.92%	-6.20%	-0.72%
2025	+6.35%	+7.94%	-1.59%
2024	+15.19%	+16.43%	-1.24%
2023	+23.88%	+27.43%	-3.55%
2022	+1.60%	+4.34%	-2.74%
2021	+32.06%	+31.59%	+0.47%
2020	+14.68%	+18.33%	-3.65%
2019	+11.95%	+8.95%	+3.00%
2018	-12.47%	-2.33%	-10.14%
2017	+25.45%	+37.35%	-11.90%

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

History points

3,388

Expense ratio

1.24%

AUM

₹22,863Cr

Portfolio turnover

138%

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

22.3

P/B ratio

4.8

Avg market cap

₹3,41,276Cr

P/E & P/B are portfolio-weighted harmonic means across 57 of 67 equity holdings (84% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Flexi Cap Fund

Compare all


SBI Flexicap FundThis fund SBI · Direct · IDCW	—	-3.71%	+7.88%	+7.21%	—	1.24%	₹22,863Cr
Bank of India Flexi Cap Fund Bank of India · Direct · IDCW	—	+9.07%	+18.69%	+15.98%	—	0.88%	₹2,876Cr
ITI Flexi Cap Fund ITI · Direct · IDCW	—	+7.47%	+16.91%	—	—	0.88%	₹1,526Cr
360 ONE Flexicap Fund 360 One · Direct · IDCW	—	+8.17%	+16.88%	—	—	0.92%	₹2,213Cr
Bajaj Finserv Flexi Cap Fund Bajaj Finserv · Direct · IDCW	—	+3.32%	+15.61%	—	—	1.00%	₹8,353Cr
Quant Flexi Cap Fund quant · Direct · IDCW	—	+8.34%	+14.87%	+13.43%	—	1.07%	₹7,340Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 95% of the equity sleeve priced.

Large cap58.1%
Mid cap28.9%
Small cap12.9%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity97.80%
Cash & Equivalents2.07%
Debt0.13%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
SBI Quality Fund SBI · Sectoral/ Thematic	43.0%	—	1.33%	—
Groww ELSS Tax Saver Fund Groww · ELSS	41.6%	★☆☆☆☆	1.52%	+7.98%
Groww Large Cap Fund Groww · Large Cap Fund	40.5%	★★☆☆☆	1.69%	+9.30%
PGIM India Balanced Advantage Fund PGIM India · Dynamic Asset Allocation or Balanced Advantage	40.2% of 75% equity	★★☆☆☆	0.91%	+6.53%
Groww Multi Asset Allocation Fund Groww · Multi Asset Allocation	40.2% of 68% equity	★☆☆☆☆	1.00%	—
Mirae Asset Large Cap Fund Mirae Asset · Large Cap Fund	40.1%	★★★☆☆	0.75%	+7.56%
ITI Large Cap Fund ITI · Large Cap Fund	40.0%	★★★☆☆	0.93%	+9.78%
Groww Aggressive Hybrid Fund Groww · Aggressive Hybrid Fund	39.9% of 72% equity	★★☆☆☆	2.10%	+8.12%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-41.3%26 Dec 2017 → 23 Mar 2020
Fell over 2.2 years, back to the old high on 18 Dec 2020 — 9 months under water after the low.
-26.6%10 Aug 2015 → 25 Feb 2016
Fell over 7 months, back to the old high on 16 May 2017 — 15 months under water after the low.
-16.6%18 Oct 2021 → 20 Jun 2022
Fell over 8 months, back to the old high on 15 May 2023 — 11 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹22,863Cr

July - September 2026

since January - March 2026

+₹536.80Cr

est. net flow, last quarter

At or near its largest, ₹22,863Cr in July - September 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

SBI Mutual Fund is a joint venture between the State Bank of India and Amundi of France, and was set up in 1987 as the first fund house in India outside UTI. It is the largest by assets, helped by managing a share of the EPFO's ETF investments.

Launched

28 Jun 1987

Total AUM

₹13,09,607Cr+4.2% QoQ

Avg AUM · July - September 2026

Website

sbimf.com

Fund Managers

DBDinesh BalachandranStart date not disclosed

Role

Head Investments

Education

B. Tech (IIT - B), M. S. (MIT, USA), CFA Charter holder

Experience

Mr. Dinesh has over 20 years of experience in the industry primarily as Research Analyst. Experience over past years: • Mar 2012 – till date: SBI Funds Management Limited • Aug 2004 – Dec 2011: Research Analyst, Fidelity Investments, USA • Sep 2001 – July 2004: Research Associate, Fidelity Investments, USA Presently, Dinesh Balachandran is managing SBI Balanced Advantage Fund (Equity Portion), SBI Contra Fund, SBI ELSS Tax Saver Fund, SBI Comma Fund, SBI Flexicap Fund and SBI Multi Asset Allocation (Equity Portion).

Funds managed (5)

All schemes Dinesh Balachandran runs →

AUAnup UpadhyayManaging since 01 Dec 2024

Role

Fund Manager

Education

B. Tech.(Hons.); PGDM

Experience

Mr. Anup Upadhyay joined SBIFML in November 2024. He has earlier worked with SBIFML from May 2007 till December 2021 in the roles of Head of Research, Fund Manager and Equity Analyst. He has more than 14 years of experience in financial services. Mr. Anup Upadhyay manages

Funds managed (2)

All schemes Anup Upadhyay runs →

Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Dinesh Balachandran Anup Upadhyay

Top holdings

ICICI Bank Ltd.HDFC Bank Ltd.Larsen & Toubro Ltd.Bajaj Auto Ltd.Coforge Ltd.Aurobindo Pharma Ltd.Eicher Motors Ltd.JSW Infrastructure Ltd.State Bank of India Life Insurance Corporation of India Titan Company Ltd.Sun Pharmaceutical Industries Ltd.

SBI in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Flexi Cap funds

Flexi cap funds invest across large, mid and small-cap stocks with no fixed allocation, letting the manager shift with the market cycle. That flexibility can help manage risk and chase growth wherever it is.

Frequently asked questions

What is the NAV of SBI Flexicap Fund?

As of 05 Oct 2026, the NAV of SBI Flexicap Fund is ₹58.96 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has SBI Flexicap Fund delivered?

SBI Flexicap Fund has returned -3.71% over 1 year, +7.88% per year over 3 years, +7.21% per year over 5 years and +10.77% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of SBI Flexicap Fund?

SBI Flexicap Fund charges an expense ratio of 1.24% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of SBI Flexicap Fund?

SBI Flexicap Fund's largest holdings are ICICI Bank Ltd. (7.2%), HDFC Bank Ltd. (5.5%), Larsen & Toubro Ltd. (3.9%), Bajaj Auto Ltd. (3.9%) and Coforge Ltd. (3.0%). Holdings are disclosed monthly and change over time.

How risky is SBI Flexicap Fund?

SBI Flexicap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 12.5% and its worst peak-to-trough fall in our sample was -41.3%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of 0.11 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. SBI Flexicap Fund's 0.11 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of SBI Flexicap Fund?

SBI Flexicap Fund is benchmarked against the S&P BSE 500 Index. Its alpha and beta on this page are measured against that index.

Who manages SBI Flexicap Fund?

SBI Flexicap Fund is managed by Dinesh Balachandran and Anup Upadhyay at SBI.

How is SBI Flexicap Fund taxed?

SBI Flexicap Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.