Axis Flexi Cap Fund vs Mirae Asset Flexi Cap Fund
Axis Flexi Cap Fund and Mirae Asset Flexi Cap Fund are both Flexi Cap funds. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR +14.96% vs +14.35%, 5-year CAGR +8.55% vs —, volatility 15.77% vs 14.31%, maximum drawdown −29.87% vs −16.11%. Their portfolios overlap by 31.8% (26 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| Axis Flexi Cap | Mirae Asset Flexi Cap | |
|---|---|---|
| Fund house | Axis Mutual Fund | Mirae Asset Mutual Fund |
| Compared as | Flexi Cap | Flexi Cap |
| NAV | ₹31.5700 | ₹17.3950 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 24 Nov 2017 | 27 Feb 2023 |
| Track record | 8.9 yrs | 3.7 yrs |
| Fund size (AUM) | ₹13,242 Cr | ₹4,369 Cr |
| Securities held | 67 | 87 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Axis Flexi Cap | Mirae Asset Flexi Cap | |
|---|---|---|
| 1 month | +2.77% | +4.38% |
| 3 months | −0.82% | +1.09% |
| 6 months | +6.80% | +3.42% |
| 1 year | +4.57% | +2.69% |
| 3 years (CAGR) | +14.96% | +14.35% |
| 5 years (CAGR) | +8.55% | — |
| 7 years (CAGR) | +13.52% | — |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | +13.70% | +16.19% |
| SIP return (XIRR, 5 years) ⓘ | +11.53% | — |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| Axis Flexi Cap | Mirae Asset Flexi Cap | |
|---|---|---|
| 2026 (year to date) | +7.20% | +1.07% |
| 2025 | +2.40% | +10.44% |
| 2024 | +23.54% | +19.05% |
| 2023 | +21.44% | — |
| 2022 | −7.61% | — |
| 2021 | +29.93% | — |
Risk
| Axis Flexi Cap | Mirae Asset Flexi Cap | |
|---|---|---|
| Volatility (annualised) ⓘ | 15.77% | 14.31% |
| Downside volatility ⓘ | 11.05% | 9.90% |
| Sharpe ratio ⓘ | 0.54 | 0.55 |
| Sortino ratio ⓘ | 0.77 | 0.80 |
| Maximum drawdown ⓘ | −29.87% | −16.11% |
| Recovery from that fall | 8 months | 3 months |
| Current fall from peak | −1.99% | 0.00% |
| Rolling 1-year return: worst | −14.89% | −4.85% |
| Rolling 1-year return: median | +10.06% | +10.45% |
| Rolling 1-year return: best | +70.93% | +39.31% |
| Share of 1-year periods with a loss | 16.51% | 4.07% |
Against each fund's benchmark
| Axis Flexi Cap | Mirae Asset Flexi Cap | |
|---|---|---|
| Beta ⓘ | 0.97 | 0.91 |
| Alpha (Jensen's, annualised) ⓘ | +3.22% | +2.29% |
| R² ⓘ | 91.09 | 97.55 |
| Upside capture | 111.52% | 98.33% |
| Downside capture | 99.45% | 84.65% |
| Tracking error | 4.77% | 2.67% |
| Information ratio | 0.71 | 0.85 |
| Treynor ratio | 7.29 | 6.57 |
Portfolio
Asset mix
| Axis Flexi Cap | Mirae Asset Flexi Cap | |
|---|---|---|
| Equity | 90.23% | 99.73% |
| Cash & equivalents | 6.82% | 0.32% |
| Debt | 2.91% | 0.00% |
Market-cap split (share of fund assets)
| Axis Flexi Cap | Mirae Asset Flexi Cap | |
|---|---|---|
| Large Cap | 51.98% | 60.99% |
| Mid Cap | 18.59% | 19.19% |
| Small Cap | 18.41% | 14.51% |
| Unclassified | 1.25% | 4.97% |
Concentration
| Axis Flexi Cap | Mirae Asset Flexi Cap | |
|---|---|---|
| Top 10 holdings | 38.61% | 28.52% |
| Effective number of stocks ⓘ | 41 | 56.3 |
| Securities held | 67 | 87 |
Portfolio overlap: 31.8%
26 companies are held by both funds; by weight, 31.8% of the two portfolios is the same. That is a moderate overlap.
| Held by both | Axis Flexi Cap | Mirae Asset Flexi Cap |
|---|---|---|
| ICICI Bank Limited | 7.52% | 5.38% |
| State Bank of India | 3.04% | 2.44% |
| Axis Bank Limited | 3.07% | 2.29% |
| HDFC Bank Limited | 2.23% | 5.37% |
| Bharti Airtel Limited | 2.14% | 2.09% |
| Mahindra & Mahindra Limited | 2.42% | 1.81% |
| CG Power and Industrial Solutions Limited | 1.54% | 1.49% |
| Infosys Limited | 1.54% | 1.42% |
| TVS Motor Company Ltd. | 2.38% | 1.28% |
| Eternal Limited | 4.56% | 1.15% |
| Bajaj Finance Limited | 4.08% | 1.10% |
| Cummins India Limited | 1.23% | 1.01% |
| Titan Company Limited | 1.56% | 0.92% |
| L&T Finance Limited | 0.89% | 1.46% |
| Hindustan Aeronautics Limited | 1.08% | 0.89% |
Top 10 holdings
Axis Flexi Cap
- ICICI Bank Limited7.52%
- Eternal Limited4.56%
- Apar Industries Limited4.19%
- Bajaj Finance Limited4.08%
- Bharat Electronics Limited3.46%
- Axis Bank Limited3.07%
- Krishna Institute Of Medical Sciences Limited3.05%
- State Bank of India3.04%
- 91 Days Tbill (MD 31/12/2026)2.91%
- Sansera Engineering Limited2.73%
Mirae Asset Flexi Cap
- ICICI Bank Limited5.38%
- HDFC Bank Limited5.37%
- Reliance Industries Limited3.79%
- State Bank of India2.44%
- Axis Bank Limited2.29%
- Bharti Airtel Limited2.09%
- Larsen & Toubro Limited1.95%
- Mahindra & Mahindra Limited1.81%
- Lenskart Solutions Limited1.72%
- Multi Commodity Exchange of India Limited1.68%
Sector exposure
| Axis Flexi Cap | Mirae Asset Flexi Cap | |
|---|---|---|
| Banks | 17.47% | 16.20% |
| Electrical Equipment | 8.58% | 1.87% |
| Capital Markets | 0.47% | 7.43% |
| Pharmaceuticals & Biotechnology | 4.59% | 7.05% |
| Finance | 6.95% | 5.35% |
| Retailing | 6.47% | 3.85% |
| Auto Components | 5.81% | 2.77% |
| Chemicals & Petrochemicals | 4.94% | 2.05% |
| Aerospace & Defense | 4.84% | 1.69% |
| Automobiles | 4.80% | 3.91% |
| Petroleum Products | 0.00% | 4.50% |
| Consumer Durables | 1.61% | 4.32% |
| IT - Software | 1.54% | 4.07% |
| Healthcare Services | 3.85% | 0.95% |
Questions people ask
What is the difference between Axis Flexi Cap and Mirae Asset Flexi Cap returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return +4.57% vs +2.69%; 3-year CAGR +14.96% vs +14.35%; 5-year CAGR +8.55% vs —; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do Axis Flexi Cap and Mirae Asset Flexi Cap compare on risk?
Volatility (36 monthly returns, annualised) 15.77% vs 14.31%; Sharpe ratio 0.54 vs 0.55; Sortino ratio 0.77 vs 0.80; maximum drawdown −29.87% vs −16.11%; beta 0.97 vs 0.91.
How much do Axis Flexi Cap and Mirae Asset Flexi Cap overlap?
By weight, 31.8% of the two portfolios is invested in the same companies; 26 stocks are held by both, the largest shared positions being ICICI Bank Limited, State Bank of India, Axis Bank Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of Axis Flexi Cap and Mirae Asset Flexi Cap?
Axis Flexi Cap: large cap 52.0%, mid cap 18.6%, small cap 18.4%. Mirae Asset Flexi Cap: large cap 61.0%, mid cap 19.2%, small cap 14.5% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
More comparisons
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 5 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.