Tata Flexi Cap Fund
Direct · GrowthAI Summary
Tata Flexi Cap Fund has delivered strong long-term returns, with SIP XIRR of 17.1% over 3Y and 17.33% over 5Y, outperforming the category averages of 14.89% and 15.64% respectively. Against the NIFTY 50, the fund shows consistent alpha across all periods, including 4.49% over 3Y and 3.03% over 5Y, with lump-sum CAGRs beating the benchmark in every window. However, its 1Y XIRR of 12.79% trails the category average of 15.6%, indicating recent relative softness.
The fund exhibits a defensive risk profile with beta below 1 across all periods (0.84-0.95) and downside capture consistently below upside capture, such as 84.68% downside versus 91.22% upside over 3Y. The maximum drawdown of just -0.33% with a 39-day duration and 199-day recovery reflects strong downside resilience in the measured period. Calmar ratios of roughly 0.44-0.51 across 1Y to 7Y horizons indicate steady risk-adjusted returns.
The portfolio holds 59 stocks with a well-diversified top 10 accounting for about 36% of NAV, led by HDFC Bank (6.14%) and ICICI Bank (6.05%). Banks dominate sector allocation at 20.4%, followed by Petroleum Products, Telecom Services, and Auto Components at roughly 5% each. The spread across financials, energy, telecom, autos, construction, and power provides reasonable diversification, though the financial sector weighting is a meaningful concentration.
The fund beats category average SIP XIRR over 3Y (17.1% vs 14.89%), 5Y (17.33% vs 15.64%), and 7Y (15.64% vs 15.57%), demonstrating competitive consistency over medium and long horizons. Its only lag is the 1Y period, where 12.79% trails the category's 15.6%. Calendar year returns show mostly positive performance with strong years in 2023 (29.07%) and 2021 (27.65%), though 2026 is currently negative at -4.27%.
This fund suits investors seeking a diversified core equity holding with below-benchmark volatility and consistent long-term outperformance. A horizon of at least 5 years is appropriate, given the fund's strength over 3Y-7Y windows and its defensive capture ratios. It is well suited to moderate-risk investors, including SIP investors, who prioritize downside protection alongside steady growth.
- Consistent positive alpha versus NIFTY 50 across all measured periods, peaking at 4.49% over 3Y
- Superior SIP XIRR versus category averages over 3Y, 5Y, and 7Y horizons
- Strong downside protection with downside capture of 79-85% and beta below 0.95 across all periods
- 1Y SIP XIRR of 12.79% trails the category average of 15.6%, signaling recent relative underperformance
- Heavy banking exposure of 20.4% creates sector concentration risk in financials
Generated on 06-09-2026, 7:50 PM. 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 | ₹12.79 L | 16.4% | -50.3% | 69.2% |
| 3 Years | ₹36.00 L | ₹45.52 L | 17.0% | 2.4% | 32.5% |
| 5 Years | ₹60.00 L | ₹90.27 L | 16.7% | 8.1% | 24.0% |
| 7 Years | ₹84.00 L | ₹1.44 Cr | 14.9% | 11.4% | 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 | 16.4% | 14.4% | 15.6% | +2.0% |
| 3 Years | 17.0% | 11.1% | 14.9% | +5.9% |
| 5 Years | 16.7% | 10.4% | 15.6% | +6.3% |
| 7 Years | 14.9% | 10.6% | 15.6% | +4.3% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 16.1% | 13.1% | -24.7% | 80.0% | 0.59 | 1.95 | 84% | — | — |
| 3 Years | 16.9% | 17.0% | 10.4% | 26.7% | 3.73 | — | 100% | — | — |
| 5 Years | 17.0% | 16.9% | 10.7% | 25.2% | 3.46 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +1.76 | 0.95 | 93.8% | 90.0% | -0.7% | -2.9% |
| 3 Years | +4.49 | 0.89 | 91.2% | 84.7% | 12.1% | 7.8% |
| 5 Years | +3.03 | 0.89 | 89.1% | 84.5% | 10.7% | 7.8% |
| 7 Years | +3.58 | 0.86 | 86.7% | 82.1% | 14.6% | 11.8% |
| 10 Years | +2.73 | 0.84 | 84.7% | 79.6% | 10.4% | 7.9% |
| 12 Years | +2.05 | 0.84 | 84.7% | 79.6% | 8.6% | 6.5% |
| 15 Years | +1.41 | 0.84 | 84.7% | 79.6% | 6.8% | 5.2% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | HDFC BANK LTD | 6.14% |
| 2 | ICICI BANK LTD | 6.05% |
| 3 | RELIANCE INDUSTRIES LTD | 4.37% |
| 4 | BHARTI AIRTEL LTD | 3.80% |
| 5 | AXIS BANK LTD | 3.79% |
| 6 | LARSEN & TOUBRO LTD | 2.60% |
| 7 | MARUTI SUZUKI INDIA LTD | 2.55% |
| 8 | NTPC LTD | 2.45% |
| 9 | AMBUJA CEMENTS LTD | 2.19% |
| 10 | SAMVARDHANA MOTHERSON INTERNATIONAL LTD | 2.11% |