Nippon India Flexi Cap Fund
Nippon India Mutual Fund · Flexi Cap · Direct plan, growth option
NAV (₹), 1 Oct 2026
16.9819
1-day change
-1.08%
1Y return
-3.2%
3Y CAGR
8.8%
5Y CAGR
9.9%
Max drawdown, 5Y
−19.8%
NAV history month-end NAV, ₹ · 18 Aug 2021 to 1 Oct 2026
Returns vs Flexi Cap median (46 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | -6.2% | -5.5% |
| 3 months | -4.6% | -2.7% |
| 6 months | 7.9% | 9.8% |
| Year to date | -5.5% | -2.7% |
| 1 year | -3.2% | 0.2% |
| 3 years (CAGR) | 8.8% | 11.0% |
| 5 years (CAGR) | 9.9% | 10.1% |
| 7 years (CAGR) | n/a | 14.6% |
| 10 years (CAGR) | n/a | 13.0% |
| Since first NAV (CAGR) | 10.7% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 7.4% | 11.7% |
| 3Y rolling median | 16.8% | 16.7% |
| 3Y rolling worst | 8.8% | 0.2% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | 97% | 83% |
| 5Y rolling median | 11.2% | 15.8% |
| 5Y rolling worst | 9.9% | 1.9% |
| 5Y periods ahead of benchmark | 100% | 77% |
Benchmark: Nifty 500 (proxy: Motilal Oswal Nifty 500 Index Fund, price return).
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 15.9% | 15.6% |
| Sharpe ratio | 0.19 | 0.35 |
| Sortino ratio | 0.28 | 0.52 |
| Beta | 1.00 | 0.96 |
| Alpha (ann.) | -0.4% | 2.3% |
| Upside capture | 99.25 | 101.88 |
| Downside capture | 100.84 | 95.74 |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −19.8% | −29.9% |
| Maximum drawdown, last 10Y | n/a | −36.7% |
| Maximum drawdown, last 5Y | −19.8% | −20.0% |
| Current drawdown | −9.4% | −6.7% |
| Recovery time of worst fall | n/a | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 1.84% a year and the Direct plan's 0.65%, a gap of 1.19%; over the last 3 years the Direct plan returned 1.38 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹28,17,756.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| FM 1 Meenakshi Dawar | FM 1 Primary | 1 Jan 2023 |
| FM 2 Dhrumil Shah | FM 2 Primary | 1 Aug 2021 |
Objective: The primary investment objective of the scheme is to seek to generate capital appreciation & provide long-term growth opportunities by investing in a portfolio constituted of equity securities & equity related securities and the secondary objective is to generate consistent returns by investing in debt and money market securities. The fund will have the flexibility to invest in a broad range of companies with an objective to maximize the returns, at the same time trying to minimize the risk by reasonable diversification. There is no assurance that the investment objective of the Scheme will be achieved.
Stated asset allocation: Equity and Equity related Instruments - 65-100%; Debt and Money Market Instruments - 0-35%.
Benchmark (tier 1): Nifty 500 TRI
Exit load: 10% of the units allotted shall be redeemed without any exit load, on or before completion of 12 months from the date of allotment of units. Any redemption in excess of such limit in the first 12 months from the date of allotment shall be subject to the following exit load. Redemption of units would be done on First in First out Basis (FIFO): 1% if redeemed or switched out on or before completion of 12 months from the date of allotment of units. Nil, thereafter.
Minimum application: ₹500
Allotment date: 13 Aug 2021
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Direct plan | 0.65% | 0.91% |
| AUM, whole scheme (₹ crore) | 9,214 | 4,704 |
| Riskometer | Very High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | -1.6% | -2.0% TRI |
| Return, 3 years (AMFI) | 9.2% | 9.5% TRI |
| Return, 5 years (AMFI) | 10.1% | 9.0% TRI |
| Month-ends above category median (3Y CAGR) | 19% | 47% median |
| Month-ends in category top quartile (3Y) | 0% | 25% median |
Official benchmark: Nifty 500 TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Flexi Cap Direct plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Nifty 500 proxy | Difference |
|---|---|---|---|
| 2026 YTD | -5.5% | -7.8% | +2.2% |
| 2025 | 3.9% | 7.7% | −3.8% |
| 2024 | 16.9% | 15.6% | +1.3% |
| 2023 | 34.9% | 26.5% | +8.3% |
| 2022 | 0.7% | 3.8% | −3.0% |
Benchmark proxy: Motilal Oswal Nifty 500 Index Fund (Direct plan NAV, price return), which carries its own costs. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,16,492 | -5.4% |
| 3 years | ₹3,60,000 | ₹3,69,537 | 1.7% |
| 5 years | ₹6,00,000 | ₹7,41,243 | 8.4% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
Category: Flexi Cap
Plan / option: Direct · Growth
AMFI scheme code: 149094
ISIN: INF204KC1121
First NAV in MFIC data: 18 Aug 2021
History: 5.1 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| PGIM India Multi Cap Fund | Multi Cap | 0.99 | n/a |
| Bandhan Business Cycle Fund | Sectoral/Thematic | 0.99 | n/a |
| Mirae Asset Multicap Fund | Multi Cap | 0.99 | 12.3% |
| Canara Robeco Multi Cap Fund | Multi Cap | 0.99 | 12.9% |
| HDFC Multi Cap Fund | Multi Cap | 0.98 | 10.2% |
| HDFC Large & Mid Cap Fund | Large & Mid Cap | 0.98 | 11.2% |
Questions about Nippon India Flexi Cap Fund
- What is the latest NAV of Nippon India Flexi Cap Fund?
- The NAV of the Direct plan (growth option) was ₹16.9819 on 1 Oct 2026, as published by AMFI.
- Which category is Nippon India Flexi Cap Fund in?
- It is classified as Flexi Cap in AMFI's daily NAV file; a Flexi Cap scheme invests at least 65% in equities without fixed limits across company sizes. MFIC compares it with 46 Flexi Cap schemes (Direct plans).
- What returns has Nippon India Flexi Cap Fund delivered?
- Over one year the NAV changed by -3.2%. The 3-year CAGR is 8.8% (category median 11.0%) and the 5-year CAGR is 9.9% (category median 10.1%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 16.8%, the lowest was 8.8%, and 100% of 3-year periods ended with a gain. It was ahead of Nifty 500 (index-fund proxy) in 97% of those periods.
- What was the largest fall in Nippon India Flexi Cap Fund's NAV?
- The largest peak-to-trough fall in its available history was 19.8%; within the last five years it was 19.8% (category median 20.0%).
- How volatile is Nippon India Flexi Cap Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 15.9%, which is above the Flexi Cap category median of 15.6%.
- What would a monthly SIP in Nippon India Flexi Cap Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 5 years (60 instalments, ₹6,00,000 invested) would have been worth about ₹7,41,243 on 1 Oct 2026, an annualised return (XIRR) of 8.4%. This uses the Direct plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of Nippon India Flexi Cap Fund?
- The total expense ratio of the Direct plan is 0.65% a year, as disclosed to AMFI (median of Flexi Cap Direct plans: 0.91%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is Nippon India Flexi Cap Fund?
- Assets under management of the whole scheme were ₹9,214 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of Nippon India Flexi Cap Fund?
- AMFI lists the scheme's riskometer as “Very High”, and its benchmark's as “Very High”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of Nippon India Flexi Cap Fund and how has it compared?
- Its official benchmark is the Nifty 500 TRI. Over 3 years AMFI reports a return of 9.2% for this plan against 9.5% for the benchmark total return index; over 5 years 10.1% against 9.0%. Past performance does not indicate future results.
- How often has Nippon India Flexi Cap Fund beaten its category?
- At 19% of the 26 month-ends compared over the last 10 years, its 3-year return was above the median of Flexi Cap schemes (Direct plans); it was in the top quarter at 0% of them. A typical scheme would show about 50%.
- Who manages Nippon India Flexi Cap Fund?
- According to its Scheme Summary Document, Nippon India Flexi Cap Fund is managed by FM 1 Meenakshi Dawar (since 1 Jan 2023), FM 2 Dhrumil Shah (since 1 Aug 2021).
- What is the exit load of Nippon India Flexi Cap Fund?
- As stated in its scheme documents: 10% of the units allotted shall be redeemed without any exit load, on or before completion of 12 months from the date of allotment of units. Any redemption in excess of such limit in the first 12 months from the date of allotment shall be subject to the following exit load. Redemption of units would be done on First in First out Basis (FIFO): 1% if redeemed or switched out on or before completion of 12 months from the date of allotment of units. Nil, thereafter. Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in Nippon India Flexi Cap Fund?
- The minimum application amount is ₹500. SIP details: SIP - Rs.100/- per month (minimum 60 months) Rs.500/- per month (minimum 12 months) Rs.1000/- per month (minimum 6 months) Rs. 500/- per quarter (minimum 12 quarters) Rs.1500/- per quarter (minimum 4 quarters) Rs. 5000/- per year (minimum 2 years) SWP - 500 STP - Daily- Minimum of Rs. 100 Weekly / Fortnight / Monthly option - Rs. 1000 Quarterly - Rs. 3000 Capital Appreciation Monthly/ Quarterly - Rs. 500.
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by -3.2% and the Regular plan's by -4.4%. The Regular plan includes the services of a distributor.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Direct plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.