JM Flexi Cap Fund vs Tata Flexi Cap Fund
JM Flexi Cap Fund and Tata Flexi Cap Fund are both Flexi Cap funds. As of 6 Nov 2026 (Direct plan, Growth option): 3-year CAGR +14.62% vs +10.86%, 5-year CAGR +14.89% vs +8.91%, volatility 17.33% vs 13.92%, maximum drawdown −34.95% vs −33.49%. Their portfolios overlap by 25.3% (17 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
| JM Flexi Cap | Tata Flexi Cap | |
|---|---|---|
| Fund house | JM Financial Mutual Fund | Tata Mutual Fund |
| Compared as | Flexi Cap | Flexi Cap |
| NAV | ₹115.4237 | ₹26.6631 |
| NAV date | 6 Nov 2026 | 6 Nov 2026 |
| Launched (first NAV) | 2 Jan 2013 | 10 Sep 2018 |
| Track record | 13.8 yrs | 8.2 yrs |
| Fund size (AUM) | ₹5,036 Cr | ₹3,454 Cr |
| Securities held | 89 | 69 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| JM Flexi Cap | Tata Flexi Cap | |
|---|---|---|
| 1 month | +2.60% | +5.56% |
| 3 months | −1.03% | −1.66% |
| 6 months | +4.97% | +0.18% |
| 1 year | +3.32% | −2.88% |
| 3 years (CAGR) | +14.62% | +10.86% |
| 5 years (CAGR) | +14.89% | +8.91% |
| 7 years (CAGR) | +17.50% | +12.85% |
| 10 years (CAGR) | +16.51% | — |
| Since launch (CAGR) | +16.54% | +12.79% |
| SIP return (XIRR, 5 years) ⓘ | +14.02% | +9.35% |
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
| JM Flexi Cap | Tata Flexi Cap | |
|---|---|---|
| 2026 (year to date) | +3.99% | −4.42% |
| 2025 | −5.65% | +12.01% |
| 2024 | +35.27% | +14.03% |
| 2023 | +41.55% | +29.48% |
| 2022 | +8.69% | −2.15% |
| 2021 | +33.98% | +28.33% |
Risk
| JM Flexi Cap | Tata Flexi Cap | |
|---|---|---|
| Volatility (annualised) ⓘ | 17.33% | 13.92% |
| Downside volatility ⓘ | 11.81% | 9.53% |
| Sharpe ratio ⓘ | 0.47 | 0.31 |
| Sortino ratio ⓘ | 0.69 | 0.46 |
| Maximum drawdown ⓘ | −34.95% | −33.49% |
| Recovery from that fall | 8 months | 7 months |
| Current fall from peak | −6.56% | −5.16% |
| Rolling 1-year return: worst | −22.91% | −24.70% |
| Rolling 1-year return: median | +14.32% | +12.66% |
| Rolling 1-year return: best | +82.46% | +80.02% |
| Share of 1-year periods with a loss | 22.28% | 18.02% |
Against each fund's benchmark
| JM Flexi Cap | Tata Flexi Cap | |
|---|---|---|
| Beta ⓘ | 1.04 | 0.86 |
| Alpha (Jensen's, annualised) ⓘ | +2.68% | −0.66% |
| R² ⓘ | 86.32 | 93.91 |
| Upside capture | 114.35% | 84.78% |
| Downside capture | 105.85% | 82.21% |
| Tracking error | 6.51% | 4.06% |
| Information ratio | 0.43 | -0.28 |
| Treynor ratio | 6.26 | 2.98 |
Portfolio
Asset mix
| JM Flexi Cap | Tata Flexi Cap | |
|---|---|---|
| Equity | 97.68% | 96.00% |
| Cash & equivalents | 2.34% | 4.00% |
Market-cap split (share of fund assets)
| JM Flexi Cap | Tata Flexi Cap | |
|---|---|---|
| Large Cap | 49.36% | 58.77% |
| Mid Cap | 15.64% | 15.54% |
| Small Cap | 29.42% | 19.36% |
| Unclassified | 3.25% | 2.33% |
Concentration
| JM Flexi Cap | Tata Flexi Cap | |
|---|---|---|
| Top 10 holdings | 27.05% | 35.53% |
| Effective number of stocks ⓘ | 62.4 | 45.1 |
| Securities held | 89 | 69 |
Portfolio overlap: 25.3%
17 companies are held by both funds; by weight, 25.3% of the two portfolios is the same. That is a moderate overlap.
| Held by both | JM Flexi Cap | Tata Flexi Cap |
|---|---|---|
| ICICI Bank Limited | 4.44% | 6.13% |
| Reliance Industries Limited | 2.65% | 4.23% |
| HDFC Bank Limited | 2.55% | 6.28% |
| Larsen & Toubro Limited | 2.37% | 2.62% |
| Bharti Airtel Limited | 2.23% | 3.79% |
| State Bank of India | 3.42% | 1.53% |
| Maruti Suzuki India Limited | 1.31% | 2.28% |
| Sun Pharmaceutical Industries Limited | 1.21% | 1.31% |
| Infosys Limited | 1.07% | 1.38% |
| Life Insurance Corporation Of India | 0.94% | 1.51% |
| Adani Ports and Special Economic Zone Limited | 1.01% | 0.94% |
| Adani Enterprises Limited | 1.38% | 0.84% |
| Amber Enterprises India Limited | 0.84% | 1.22% |
| Tata Consultancy Services Limited | 0.81% | 1.41% |
| NTPC Limited | 0.81% | 2.46% |
Top 10 holdings
JM Flexi Cap
- ICICI Bank Limited4.44%
- State Bank of India3.42%
- Shriram Finance Limited2.66%
- Reliance Industries Limited2.65%
- HDFC Bank Limited2.55%
- Pine Labs Limited2.40%
- Larsen & Toubro Limited2.37%
- Bharti Airtel Limited2.23%
- Mahindra & Mahindra Limited2.22%
- One 97 Communications Limited2.12%
Tata Flexi Cap
- HDFC Bank Limited6.28%
- ICICI Bank Limited6.13%
- Reliance Industries Limited4.23%
- Axis Bank Limited3.87%
- Bharti Airtel Limited3.79%
- Larsen & Toubro Limited2.62%
- NTPC Limited2.46%
- Maruti Suzuki India Limited2.28%
- SBI Life Insurance Company Limited2.04%
- Kotak Mahindra Bank Limited1.83%
Sector exposure
| JM Flexi Cap | Tata Flexi Cap | |
|---|---|---|
| Banks | 15.01% | 21.30% |
| Auto Components | 7.30% | 2.48% |
| Insurance | 2.23% | 5.99% |
| Consumer Durables | 4.31% | 5.23% |
| Petroleum Products | 3.08% | 5.21% |
| Telecom - Services | 2.49% | 5.20% |
| Electrical Equipment | 5.09% | 0.00% |
| Pharmaceuticals & Biotechnology | 4.63% | 4.15% |
| Financial Technology (Fintech) | 4.52% | 0.00% |
| Finance | 4.46% | 3.67% |
| IT - Software | 3.54% | 4.07% |
| Automobiles | 3.94% | 3.04% |
| Capital Markets | 3.89% | 2.26% |
| Realty | 1.60% | 3.68% |
Questions people ask
What is the difference between JM Flexi Cap and Tata Flexi Cap returns?
As of 6 Nov 2026, Direct plan Growth option: 1-year return +3.32% vs −2.88%; 3-year CAGR +14.62% vs +10.86%; 5-year CAGR +14.89% vs +8.91%; 10-year CAGR +16.51% vs —. Past returns do not indicate future returns.
How do JM Flexi Cap and Tata Flexi Cap compare on risk?
Volatility (36 monthly returns, annualised) 17.33% vs 13.92%; Sharpe ratio 0.47 vs 0.31; Sortino ratio 0.69 vs 0.46; maximum drawdown −34.95% vs −33.49%; beta 1.04 vs 0.86.
How much do JM Flexi Cap and Tata Flexi Cap overlap?
By weight, 25.3% of the two portfolios is invested in the same companies; 17 stocks are held by both, the largest shared positions being ICICI Bank Limited, Reliance Industries Limited, HDFC Bank Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of JM Flexi Cap and Tata Flexi Cap?
JM Flexi Cap: large cap 49.4%, mid cap 15.6%, small cap 29.4%. Tata Flexi Cap: large cap 58.8%, mid cap 15.5%, small cap 19.4% (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.
More comparisons
JM Flexi Cap vs
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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.