Kotak Flexi Cap Fund vs SBI FLEXICAP FUND
Kotak Flexi Cap Fund and SBI FLEXICAP FUND are both Flexi Cap funds. As of 6 Nov 2026 (Direct plan, Growth option): 3-year CAGR +13.16% vs +9.72%, 5-year CAGR +10.91% vs +7.98%, volatility 15.35% vs 13.81%, maximum drawdown −37.31% vs −35.80%. Their portfolios overlap by 32.7% (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
| Kotak Flexi Cap | SBI FLEXICAP | |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | SBI Mutual Fund |
| Compared as | Flexi Cap | Flexi Cap |
| NAV | ₹98.1290 | ₹123.7730 |
| NAV date | 6 Nov 2026 | 6 Nov 2026 |
| Launched (first NAV) | 4 Jan 2013 | 7 Jan 2013 |
| Track record | 13.8 yrs | 13.8 yrs |
| Fund size (AUM) | ₹53,087 Cr | ₹22,109 Cr |
| Securities held | 56 | 67 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Kotak Flexi Cap | SBI FLEXICAP | |
|---|---|---|
| 1 month | +6.54% | +4.56% |
| 3 months | −0.34% | +0.02% |
| 6 months | +1.95% | +2.93% |
| 1 year | +1.35% | −0.03% |
| 3 years (CAGR) | +13.16% | +9.72% |
| 5 years (CAGR) | +10.91% | +7.98% |
| 7 years (CAGR) | +13.99% | +12.63% |
| 10 years (CAGR) | +13.71% | +12.49% |
| Since launch (CAGR) | +15.42% | +14.52% |
| SIP return (XIRR, 5 years) ⓘ | +11.16% | +8.20% |
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
| Kotak Flexi Cap | SBI FLEXICAP | |
|---|---|---|
| 2026 (year to date) | −0.42% | −2.34% |
| 2025 | +10.42% | +6.35% |
| 2024 | +17.52% | +15.19% |
| 2023 | +25.31% | +23.88% |
| 2022 | +5.98% | +1.60% |
| 2021 | +26.59% | +32.05% |
Risk
| Kotak Flexi Cap | SBI FLEXICAP | |
|---|---|---|
| Volatility (annualised) ⓘ | 15.35% | 13.81% |
| Downside volatility ⓘ | 10.64% | 10.21% |
| Sharpe ratio ⓘ | 0.43 | 0.23 |
| Sortino ratio ⓘ | 0.63 | 0.32 |
| Maximum drawdown ⓘ | −37.31% | −35.80% |
| Recovery from that fall | 8 months | 8 months |
| Current fall from peak | −2.99% | −3.27% |
| Rolling 1-year return: worst | −30.04% | −28.59% |
| Rolling 1-year return: median | +13.75% | +13.10% |
| Rolling 1-year return: best | +89.35% | +88.42% |
| Share of 1-year periods with a loss | 11.68% | 17.12% |
Against each fund's benchmark
| Kotak Flexi Cap | SBI FLEXICAP | |
|---|---|---|
| Beta ⓘ | 0.94 | 0.86 |
| Alpha (Jensen's, annualised) ⓘ | +1.28% | −1.52% |
| R² ⓘ | 94.75 | 95.74 |
| Upside capture | 99.72% | 84.45% |
| Downside capture | 92.69% | 87.32% |
| Tracking error | 3.59% | 3.58% |
| Information ratio | 0.34 | -0.57 |
| Treynor ratio | 5.18 | 1.93 |
Portfolio
Asset mix
| Kotak Flexi Cap | SBI FLEXICAP | |
|---|---|---|
| Equity | 98.50% | 93.64% |
| Cash & equivalents | 1.31% | 2.63% |
| Mutual Fund Units | 0.19% | 0.00% |
| Foreign Securities | 0.00% | 3.35% |
| Debt | 0.00% | 0.38% |
Market-cap split (share of fund assets)
| Kotak Flexi Cap | SBI FLEXICAP | |
|---|---|---|
| Large Cap | 69.64% | 60.10% |
| Mid Cap | 25.05% | 19.41% |
| Small Cap | 3.36% | 14.13% |
| Unclassified | 0.45% | 0.00% |
Concentration
| Kotak Flexi Cap | SBI FLEXICAP | |
|---|---|---|
| Top 10 holdings | 42.16% | 34.52% |
| Effective number of stocks ⓘ | 35.9 | 42.3 |
| Securities held | 56 | 67 |
Portfolio overlap: 32.7%
20 companies are held by both funds; by weight, 32.7% of the two portfolios is the same. That is a moderate overlap.
| Held by both | Kotak Flexi Cap | SBI FLEXICAP |
|---|---|---|
| ICICI Bank Limited | 5.48% | 6.90% |
| HDFC Bank Limited | 5.27% | 6.24% |
| Larsen & Toubro Limited | 3.54% | 3.32% |
| State Bank of India | 4.30% | 2.17% |
| Sun Pharmaceutical Industries Limited | 2.14% | 2.10% |
| Bajaj Finance Limited | 1.99% | 2.50% |
| Bharti Airtel Limited | 2.88% | 1.94% |
| Axis Bank Limited | 3.35% | 1.84% |
| Kotak Mahindra Bank Limited | 1.45% | 1.63% |
| Solar Industries India Limited | 3.71% | 1.21% |
| Shriram Finance Limited | 1.11% | 2.00% |
| Bharat Petroleum Corporation Ltd. | 1.03% | 1.03% |
| Reliance Industries Limited | 2.24% | 0.99% |
| AIA Engineering Limited | 0.78% | 0.95% |
| Ajanta Pharma Limited | 1.10% | 0.70% |
Top 10 holdings
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%
SBI FLEXICAP
- ICICI Bank Limited6.90%
- HDFC Bank Limited6.24%
- Larsen & Toubro Limited3.32%
- Aurobindo Pharma Limited3.03%
- JSW Infrastructure Ltd2.81%
- Bajaj Auto Limited2.65%
- Bajaj Finance Limited2.50%
- Eicher Motors Ltd.2.46%
- Titan Company Limited2.41%
- Life Insurance Corporation Of India2.20%
Sector exposure
| Kotak Flexi Cap | SBI FLEXICAP | |
|---|---|---|
| Banks | 22.81% | 23.73% |
| Pharmaceuticals & Biotechnology | 6.41% | 9.12% |
| Chemicals & Petrochemicals | 7.03% | 1.26% |
| Retailing | 6.48% | 5.68% |
| Aerospace & Defense | 5.34% | 0.00% |
| Automobiles | 3.77% | 5.11% |
| Cement & Cement Products | 4.89% | 2.15% |
| Finance | 3.79% | 4.80% |
| Industrial Products | 0.78% | 4.43% |
| Auto Components | 4.40% | 2.24% |
| IT - Software | 2.95% | 4.19% |
| Construction | 3.54% | 4.12% |
| Ferrous Metals | 4.06% | 0.00% |
| Transport Infrastructure | 0.00% | 4.02% |
Questions people ask
What is the difference between Kotak Flexi Cap and SBI FLEXICAP returns?
As of 6 Nov 2026, Direct plan Growth option: 1-year return +1.35% vs −0.03%; 3-year CAGR +13.16% vs +9.72%; 5-year CAGR +10.91% vs +7.98%; 10-year CAGR +13.71% vs +12.49%. Past returns do not indicate future returns.
How do Kotak Flexi Cap and SBI FLEXICAP compare on risk?
Volatility (36 monthly returns, annualised) 15.35% vs 13.81%; Sharpe ratio 0.43 vs 0.23; Sortino ratio 0.63 vs 0.32; maximum drawdown −37.31% vs −35.80%; beta 0.94 vs 0.86.
How much do Kotak Flexi Cap and SBI FLEXICAP overlap?
By weight, 32.7% 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, Larsen & Toubro Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of Kotak Flexi Cap and SBI FLEXICAP?
Kotak Flexi Cap: large cap 69.6%, mid cap 25.1%, small cap 3.4%. SBI FLEXICAP: large cap 60.1%, mid cap 19.4%, small cap 14.1% (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.