Tata Flexi Cap Fund
Direct · GrowthAI Summary
Tata Flexi Cap Fund has delivered strong long-term SIP XIRR of 16.02% over 3Y and 16.23% over 5Y, outpacing the category average of 14.73% and 16.08% respectively, though its 1Y SIP XIRR of 7.64% trails the category's 9.48%. On a lump-sum basis, the fund has consistently beaten the NIFTY 50 across 3Y, 5Y, 7Y, 10Y and 15Y windows, with fund CAGR of 9.08% vs 6.4% over 3Y. The recent -10.39% calendar year return in 2026 reflects a broadly weak market, as the fund's 1Y CAGR of -10.21% still modestly exceeds the benchmark's -10.92%.
The fund's maximum drawdown was a mild -0.33% with a short 39-day peak-to-trough period, though recovery took 199 days, and there have been 4 drawdown events exceeding 10%. Beta of around 0.84-0.93 and consistent downside capture below 100% (79.87% at 15Y) indicate it cushions losses better than the NIFTY 50. Calmar ratios of roughly 0.44-0.50 across 1Y to 7Y windows suggest reasonably stable risk-adjusted returns over longer horizons.
The portfolio is well diversified across 67 stocks, with HDFC Bank (6.28%), ICICI Bank (6.13%) and Reliance Industries (4.23%) leading the holdings. Banks dominate at 21.3% of the portfolio, followed by Insurance at 6.0%, so financials represent the largest exposure at roughly 27%. Sector tilts toward Consumer Durables, Petroleum Products and Telecom (5.2% each) add balance beyond the financial cluster.
Compared to category peers, the fund leads meaningfully on 3Y SIP XIRR (16.02% vs 14.73%) and edges ahead on 5Y (16.23% vs 16.08%), but lags on 7Y (14.25% vs 15.47%). Positive alpha versus the NIFTY 50 of 2.67%, 2.23% and 2.30% over 3Y, 5Y and 7Y respectively demonstrates consistent benchmark-beating skill. Its moderate beta of 0.88-0.93 positions it as a slightly less volatile flexi cap option with upside capture near 85-89%.
This fund suits investors seeking a diversified core flexi cap holding with moderate volatility relative to the NIFTY 50, given its sub-100% downside capture. A minimum horizon of 5-7 years is appropriate, as the strongest returns (16.23% 5Y SIP XIRR) have emerged over longer periods while shorter windows can be muted, such as the 7.64% 1Y SIP XIRR. Investors should tolerate interim drawdowns, including the four periods exceeding 10% and the -10.39% calendar year return in 2026.
- Long-term SIP XIRR of 16.02% (3Y) and 16.23% (5Y) beats the category average of 14.73% and 16.08% respectively
- Consistent positive alpha versus NIFTY 50 across 3Y, 5Y, 7Y, 10Y and 15Y windows, ranging from 1.21% to 2.67%
- Strong downside protection with downside capture improving from 89.36% (1Y) to 79.87% (15Y) and a beta of about 0.84-0.93
- 1Y SIP XIRR of 7.64% trails the category average of 9.48%, with 2026 calendar year return of -10.39%
- Heavy financial sector tilt with Banks at 21.3% and Insurance at 6.0%, creating concentration risk if the sector underperforms
Generated on 01-11-2026, 3:04 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 | ₹12.75 L | 15.7% | -50.3% | 69.2% |
| 3 Years | ₹36.00 L | ₹45.36 L | 16.4% | -1.1% | 32.5% |
| 5 Years | ₹60.00 L | ₹89.77 L | 16.2% | 6.6% | 24.0% |
| 7 Years | ₹84.00 L | ₹1.35 Cr | 14.3% | 9.9% | 17.5% |
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 | 15.7% | 14.3% | 9.5% | +1.5% |
| 3 Years | 16.4% | 11.0% | 14.7% | +5.4% |
| 5 Years | 16.2% | 10.4% | 16.1% | +5.8% |
| 7 Years | 14.3% | 10.6% | 15.5% | +3.8% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 15.5% | 12.7% | -24.7% | 80.0% | 0.54 | 1.70 | 82% | — | — |
| 3 Years | 16.6% | 16.9% | 7.9% | 26.7% | 3.28 | — | 100% | — | — |
| 5 Years | 16.4% | 16.7% | 7.2% | 25.2% | 2.77 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | -0.53 | 0.93 | 88.9% | 89.4% | -10.2% | -10.9% |
| 3 Years | +2.67 | 0.89 | 89.2% | 85.1% | 9.1% | 6.4% |
| 5 Years | +2.23 | 0.88 | 88.2% | 84.5% | 7.5% | 5.2% |
| 7 Years | +2.30 | 0.85 | 85.5% | 82.2% | 11.8% | 10.0% |
| 10 Years | +2.41 | 0.84 | 84.5% | 79.9% | 9.7% | 7.4% |
| 12 Years | +1.81 | 0.84 | 84.5% | 79.9% | 8.0% | 6.1% |
| 15 Years | +1.21 | 0.84 | 84.5% | 79.9% | 6.3% | 4.9% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | HDFC BANK LTD | 6.28% |
| 2 | ICICI BANK LTD | 6.13% |
| 3 | RELIANCE INDUSTRIES LTD | 4.23% |
| 4 | AXIS BANK LTD | 3.87% |
| 5 | BHARTI AIRTEL LTD | 3.79% |
| 6 | LARSEN & TOUBRO LTD | 2.62% |
| 7 | NTPC LTD | 2.46% |
| 8 | MARUTI SUZUKI INDIA LTD | 2.28% |
| 9 | SBI LIFE INSURANCE COMPANY LTD | 2.04% |
| 10 | KOTAK MAHINDRA BANK LTD | 1.83% |