ITI Flexi Cap Fund
Direct · GrowthAI Summary
The ITI Flexi Cap Fund has delivered a 1-year SIP XIRR of 21.73%, significantly outperforming the category average of 15.6% and the NIFTY 50 benchmark's -2.9% CAGR over the same period. Over 3 years, the fund's XIRR of 12.60% lags the category average of 14.89%, though its 3-year rolling return of 20.95% and 3-year CAGR of 20.24% versus the benchmark's 7.75% indicate strong long-term performance. The fund has consistently beaten the benchmark across all time horizons, with alpha declining from 18.18% (1Y) to 3.17% (15Y).
The fund exhibits a maximum drawdown of -21.44% with a recovery period of 469 days, indicating moderate downside risk. Its Calmar ratio of 1.01 (1Y) and 0.98 (3Y) suggests reasonable risk-adjusted returns relative to drawdown. With a beta of around 1.04, the fund is slightly more volatile than the benchmark, but its downside capture of 89.58% (1Y) and 90.18% (long-term) shows it loses less than the market during downturns.
The fund holds 71 stocks with a top-10 concentration of 27.84%, led by ICICI Bank (5.0%), HDFC Bank (4.21%), and Reliance Industries (3.94%). Sector-wise, Banks dominate at 17.3%, followed by Pharmaceuticals (6.8%) and Industrial Products (6.1%), indicating a tilt towards financials and cyclical sectors. The portfolio appears diversified across 71 holdings, but the top-10 weight suggests moderate concentration risk.
The fund's 1-year XIRR of 21.73% places it well above the category average of 15.6%, but its 3-year XIRR of 12.60% trails the category's 14.89%, indicating inconsistent performance relative to peers. Calendar year returns show high volatility, with 44.95% in 2023 and 27.94% in 2024, but only 4.21% in 2025 and 9.89% in 2026, suggesting performance is not stable across market cycles. The fund's long-term alpha over the benchmark is positive but declining, which may reflect a maturing strategy.
This fund is suitable for investors with a high-risk tolerance and a long-term horizon of at least 5-7 years, given its equity exposure and drawdown risk. It may appeal to those seeking active management with a focus on large-cap financials and the ability to outperform the benchmark in rising markets. Investors should be comfortable with potential underperformance in certain years, as seen in 2025, and should monitor the fund's consistency.
- Strong 1-year SIP XIRR of 21.73% versus category average of 15.6% and benchmark CAGR of -2.9%
- Consistent positive alpha over the benchmark across all time horizons, with 1Y alpha of 18.18% and 3Y alpha of 12.41%
- Lower downside capture (89.58% 1Y, 90.18% long-term) indicates better protection during market declines
- 3-year SIP XIRR of 12.60% lags the category average of 14.89%, showing underperformance in the medium term
- Maximum drawdown of -21.44% with a recovery period of 469 days may test investor patience during market downturns
Generated on 30-08-2026, 3:06 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹12.80 L | 21.7% | -26.6% | 67.1% |
| 3 Years | ₹36.00 L | ₹43.33 L | 12.6% | 4.6% | 18.4% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY 50 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 21.7% | 14.4% | 15.6% | +7.3% |
| 3 Years | 12.6% | 11.1% | 14.9% | +1.5% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 21.7% | 10.9% | -6.1% | 59.2% | 0.71 | 4.96 | 91% | — | — |
| 3 Years | 20.9% | 20.6% | 18.6% | 24.4% | 11.56 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +18.18 | 1.04 | 112.2% | 89.6% | 14.9% | -2.9% |
| 3 Years | +12.41 | 1.07 | 111.4% | 96.3% | 20.2% | 7.8% |
| 5 Years | +9.70 | 1.04 | 108.3% | 90.2% | 16.4% | 6.6% |
| 7 Years | +6.79 | 1.04 | 108.3% | 90.2% | 11.4% | 4.7% |
| 10 Years | +4.72 | 1.04 | 108.3% | 90.2% | 7.9% | 3.3% |
| 12 Years | +3.93 | 1.04 | 108.3% | 90.2% | 6.5% | 2.7% |
| 15 Years | +3.17 | 1.04 | 108.3% | 90.2% | 5.2% | 2.2% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | ICICI Bank Limited | 5.00% |
| 2 | HDFC Bank Limited | 4.21% |
| 3 | Reliance Industries Limited | 3.94% |
| 4 | Bharti Airtel Limited | 2.76% |
| 5 | Larsen & Toubro Limited | 2.35% |
| 6 | State Bank of India | 2.22% |
| 7 | Aditya Infotech Limited | 2.13% |
| 8 | VA Tech Wabag Limited | 1.78% |
| 9 | Axis Bank Limited | 1.73% |
| 10 | Ather Energy Limited | 1.72% |