Navi Flexi Cap Fund
Direct · GrowthAI Summary
Navi Flexi Cap Fund has delivered strong SIP returns, with 1Y, 3Y, and 5Y XIRR of 13.7%, 16.17%, and 16.75% respectively, beating the category averages of 9.63%, 14.84%, and 16.12%. Against the NIFTY 50, the fund shows positive alpha across all periods, including 6.29% over 3Y and 5.36% over 5Y, with lump-sum CAGRs of 11.15% vs the benchmark's 4.78% over 3Y. The 7Y XIRR of 15.14% is slightly below the category average of 15.48%, indicating the outperformance is more pronounced in recent periods.
The fund exhibits a defensive risk profile with a beta below 1 across all periods (0.92-1.04) and consistently favorable capture ratios, including 1Y upside capture of 109.16% against downside capture of just 85.7%. It has recorded 4 drawdown events exceeding 10%, and while the maximum drawdown was shallow at -0.38% over 40 days, recovery took 246 days. Calmar ratios between 0.39 and 0.46 across horizons suggest reasonable risk-adjusted returns relative to drawdown severity.
Holdings-level portfolio data was not provided for this analysis, so specific top holdings and sector concentrations cannot be assessed. As a flexi cap fund, it has the mandate to allocate dynamically across large, mid, and small cap stocks. Investors should review the latest factsheet for current portfolio composition and diversification details.
The fund outperforms the category average SIP XIRR over 1Y (13.7% vs 9.63%), 3Y (16.17% vs 14.84%), and 5Y (16.75% vs 16.12%), though it trails modestly over 7Y (15.14% vs 15.48%). Calendar year returns show strong consistency in up markets, with standout years of 34.72% in 2021 and 25.96% in 2023, alongside resilience in weak years like 2022 (1.03%) and 2018 (0.11%). Its low downside capture of around 88% across long horizons suggests it protects capital better than the benchmark during declines.
This fund suits investors seeking flexi cap exposure with a benchmark-beating track record and relatively lower downside capture, ideally with a horizon of 5 years or more to ride out the four historical drawdowns exceeding 10%. Its low expense ratio of 0.56% (Direct plan) enhances long-term compounding. Moderate risk tolerance is appropriate, as equity market drawdowns are part of the fund's history despite its defensive tilt.
- Consistent outperformance vs NIFTY 50 with positive alpha across all periods from 1Y to 15Y, including 6.29% alpha over 3Y
- Favorable capture asymmetry — 1Y upside capture of 109.16% versus downside capture of 85.7%, indicating better-than-benchmark gains in rallies and smaller losses in declines
- Low expense ratio of 0.56% in the Direct plan, supporting better net returns over long horizons
- 7Y SIP XIRR of 15.14% trails the category average of 15.48%, suggesting the outperformance edge narrows over longer horizons
- Four drawdown events exceeding 10% have occurred, and the 246-day recovery from maximum drawdown highlights that downside periods can take considerable time to heal
Generated on 17-10-2026, 2:16 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 | ₹12.81 L | 16.9% | -57.2% | 81.5% |
| 3 Years | ₹36.00 L | ₹46.12 L | 17.7% | 1.4% | 34.1% |
| 5 Years | ₹60.00 L | ₹88.98 L | 16.8% | 7.4% | 24.8% |
| 7 Years | ₹84.00 L | ₹1.44 Cr | 15.2% | 11.4% | 16.7% |
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 | 16.9% | 14.3% | 9.6% | +2.7% |
| 3 Years | 17.7% | 11.0% | 14.8% | +6.6% |
| 5 Years | 16.8% | 10.4% | 16.1% | +6.4% |
| 7 Years | 15.2% | 10.6% | 15.5% | +4.6% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 15.9% | 12.4% | -30.4% | 85.7% | 0.52 | 1.58 | 86% | — | — |
| 3 Years | 17.3% | 16.6% | 9.6% | 32.0% | 2.63 | — | 100% | — | — |
| 5 Years | 17.1% | 17.2% | 9.8% | 26.1% | 3.48 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +18.46 | 1.03 | 109.0% | 85.2% | 6.4% | -11.4% |
| 3 Years | +5.85 | 0.95 | 98.1% | 90.2% | 11.2% | 5.3% |
| 5 Years | +5.21 | 0.94 | 95.6% | 88.9% | 9.8% | 4.4% |
| 7 Years | +4.64 | 0.92 | 93.5% | 88.0% | 14.6% | 10.2% |
| 10 Years | +3.49 | 0.93 | 93.8% | 88.7% | 11.1% | 7.7% |
| 12 Years | +2.79 | 0.93 | 93.8% | 88.7% | 9.1% | 6.3% |
| 15 Years | +2.10 | 0.93 | 93.8% | 88.7% | 7.2% | 5.0% |