BANDHAN Flexi Cap Fund vs Kotak Flexi Cap Fund
BANDHAN Flexi Cap Fund and Kotak Flexi Cap Fund are both Flexi Cap funds. As of 6 Nov 2026 (Direct plan, Growth option): 3-year CAGR +12.79% vs +13.16%, 5-year CAGR +10.02% vs +10.91%, volatility 14.00% vs 15.35%, maximum drawdown −36.89% vs −37.31%. Their portfolios overlap by 35.2% (20 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
| BANDHAN Flexi Cap | Kotak Flexi Cap | |
|---|---|---|
| Fund house | Bandhan Mutual Fund | Kotak Mahindra Mutual Fund |
| Compared as | Flexi Cap | Flexi Cap |
| NAV | ₹238.6340 | ₹98.1290 |
| NAV date | 6 Nov 2026 | 6 Nov 2026 |
| Launched (first NAV) | 2 Jan 2013 | 4 Jan 2013 |
| Track record | 13.8 yrs | 13.8 yrs |
| Fund size (AUM) | ₹7,115 Cr | ₹53,087 Cr |
| Securities held | 68 | 56 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| BANDHAN Flexi Cap | Kotak Flexi Cap | |
|---|---|---|
| 1 month | +7.40% | +6.54% |
| 3 months | +0.98% | −0.34% |
| 6 months | +4.62% | +1.95% |
| 1 year | +2.81% | +1.35% |
| 3 years (CAGR) | +12.79% | +13.16% |
| 5 years (CAGR) | +10.02% | +10.91% |
| 7 years (CAGR) | +13.32% | +13.99% |
| 10 years (CAGR) | +11.68% | +13.71% |
| Since launch (CAGR) | +13.65% | +15.42% |
| SIP return (XIRR, 5 years) ⓘ | +10.97% | +11.16% |
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
| BANDHAN Flexi Cap | Kotak Flexi Cap | |
|---|---|---|
| 2026 (year to date) | +0.94% | −0.42% |
| 2025 | +10.03% | +10.42% |
| 2024 | +15.76% | +17.52% |
| 2023 | +25.35% | +25.31% |
| 2022 | −0.68% | +5.98% |
| 2021 | +33.15% | +26.59% |
Risk
| BANDHAN Flexi Cap | Kotak Flexi Cap | |
|---|---|---|
| Volatility (annualised) ⓘ | 14.00% | 15.35% |
| Downside volatility ⓘ | 9.64% | 10.64% |
| Sharpe ratio ⓘ | 0.45 | 0.43 |
| Sortino ratio ⓘ | 0.65 | 0.63 |
| Maximum drawdown ⓘ | −36.89% | −37.31% |
| Recovery from that fall | 8 months | 8 months |
| Current fall from peak | 0.00% | −2.99% |
| Rolling 1-year return: worst | −29.89% | −30.04% |
| Rolling 1-year return: median | +11.09% | +13.75% |
| Rolling 1-year return: best | +79.64% | +89.35% |
| Share of 1-year periods with a loss | 19.00% | 11.68% |
Against each fund's benchmark
| BANDHAN Flexi Cap | Kotak Flexi Cap | |
|---|---|---|
| Beta ⓘ | 0.88 | 0.94 |
| Alpha (Jensen's, annualised) ⓘ | +1.06% | +1.28% |
| R² ⓘ | 96.26 | 94.75 |
| Upside capture | 91.97% | 99.72% |
| Downside capture | 82.79% | 92.69% |
| Tracking error | 3.33% | 3.59% |
| Information ratio | 0.25 | 0.34 |
| Treynor ratio | 5.16 | 5.18 |
Portfolio
Asset mix
| BANDHAN Flexi Cap | Kotak Flexi Cap | |
|---|---|---|
| Equity | 96.04% | 98.50% |
| Cash & equivalents | 3.27% | 1.31% |
| Debt | 0.69% | 0.00% |
| Mutual Fund Units | 0.00% | 0.19% |
Market-cap split (share of fund assets)
| BANDHAN Flexi Cap | Kotak Flexi Cap | |
|---|---|---|
| Large Cap | 74.24% | 69.64% |
| Mid Cap | 8.78% | 25.05% |
| Small Cap | 13.02% | 3.36% |
| Unclassified | 0.00% | 0.45% |
Concentration
| BANDHAN Flexi Cap | Kotak Flexi Cap | |
|---|---|---|
| Top 10 holdings | 48.10% | 42.16% |
| Effective number of stocks ⓘ | 30.2 | 35.9 |
| Securities held | 68 | 56 |
Portfolio overlap: 35.2%
20 companies are held by both funds; by weight, 35.2% of the two portfolios is the same. That is a moderate overlap.
| Held by both | BANDHAN Flexi Cap | Kotak Flexi Cap |
|---|---|---|
| ICICI Bank Limited | 7.67% | 5.48% |
| HDFC Bank Limited | 9.46% | 5.27% |
| Axis Bank Limited | 3.88% | 3.35% |
| Bharti Airtel Limited | 4.10% | 2.88% |
| Reliance Industries Limited | 5.67% | 2.24% |
| Larsen & Toubro Limited | 1.85% | 3.54% |
| Maruti Suzuki India Limited | 3.95% | 1.80% |
| Eternal Limited | 1.71% | 4.22% |
| Infosys Limited | 3.84% | 1.60% |
| Kotak Mahindra Bank Limited | 3.40% | 1.45% |
| NTPC Limited | 1.13% | 1.28% |
| Hero MotoCorp Limited | 1.10% | 1.97% |
| Sun Pharmaceutical Industries Limited | 1.02% | 2.14% |
| Power Grid Corporation of India Limited | 0.99% | 0.98% |
| Cipla Limited | 1.47% | 0.89% |
Top 10 holdings
BANDHAN Flexi Cap
- HDFC Bank Limited9.46%
- ICICI Bank Limited7.67%
- Reliance Industries Limited5.67%
- Bharti Airtel Limited4.10%
- Maruti Suzuki India Limited3.95%
- Axis Bank Limited3.88%
- Infosys Limited3.84%
- Kotak Mahindra Bank Limited3.40%
- ITC Limited3.32%
- Tata Consultancy Services Limited2.81%
Kotak Flexi Cap
- ICICI Bank Limited5.48%
- Bharat Electronics Limited5.34%
- HDFC Bank Limited5.27%
- State Bank of India4.30%
- Eternal Limited4.22%
- Jindal Steel Limited4.06%
- Solar Industries India Limited3.71%
- Larsen & Toubro Limited3.54%
- Axis Bank Limited3.35%
- SRF Ltd.2.89%
Sector exposure
| BANDHAN Flexi Cap | Kotak Flexi Cap | |
|---|---|---|
| Banks | 24.41% | 22.81% |
| Insurance | 7.68% | 0.70% |
| IT - Software | 7.33% | 2.95% |
| Chemicals & Petrochemicals | 0.97% | 7.03% |
| Retailing | 4.96% | 6.48% |
| Pharmaceuticals & Biotechnology | 3.60% | 6.41% |
| Petroleum Products | 5.67% | 3.27% |
| Aerospace & Defense | 0.00% | 5.34% |
| Automobiles | 5.05% | 3.77% |
| Cement & Cement Products | 2.51% | 4.89% |
| Finance | 4.62% | 3.79% |
| Diversified FMCG | 4.51% | 0.00% |
| Auto Components | 0.49% | 4.40% |
| Telecom - Services | 4.10% | 3.79% |
Questions people ask
What is the difference between BANDHAN Flexi Cap and Kotak Flexi Cap returns?
As of 6 Nov 2026, Direct plan Growth option: 1-year return +2.81% vs +1.35%; 3-year CAGR +12.79% vs +13.16%; 5-year CAGR +10.02% vs +10.91%; 10-year CAGR +11.68% vs +13.71%. Past returns do not indicate future returns.
How do BANDHAN Flexi Cap and Kotak Flexi Cap compare on risk?
Volatility (36 monthly returns, annualised) 14.00% vs 15.35%; Sharpe ratio 0.45 vs 0.43; Sortino ratio 0.65 vs 0.63; maximum drawdown −36.89% vs −37.31%; beta 0.88 vs 0.94.
How much do BANDHAN Flexi Cap and Kotak Flexi Cap overlap?
By weight, 35.2% of the two portfolios is invested in the same companies; 20 stocks are held by both, the largest shared positions being ICICI Bank Limited, HDFC Bank Limited, Axis Bank Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of BANDHAN Flexi Cap and Kotak Flexi Cap?
BANDHAN Flexi Cap: large cap 74.2%, mid cap 8.8%, small cap 13.0%. Kotak Flexi Cap: large cap 69.6%, mid cap 25.1%, small cap 3.4% (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.
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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 6 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.