ReviewDirect · GrowthPrefer peers first
SBI FLEXICAP FUND
SBI Mutual FundEquity Scheme - Flexi Cap Fund13.8 years
The scheme would invest in equities and equity related instruments of companies spanning the entire market capitalization spectrum. The fund will invest 50-90 per cent in large-cap stocks, 10-40 per cent in mid-cap stocks and upto 10 per cent in small-cap stocks.
- NAV
- 116.4308
- 29 Oct 2026
- 1Y
- -8.1%
- Trailing CAGR
- AUM
- ₹22,108.9 Cr
- 30 Sept 2026
- Volatility
- Medium
- 15.0% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
In three lines
Watch if · Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
Watch if · Three-year return sits below the 25th percentile of comparable share classes.
Prefer peers if · Prefer Bajaj Finserv Flexi Cap Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
13.8 years of path to read.
Engine status
Fail
The live read flags issues. Inspect same-category alternatives before buying.
Expense ratio
Pass
1.24% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Watch
Peak-to-trough -35.8%. Ask whether you can hold through a similar fall.
Vs category
Watch
51% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Watch
Anup Upadhyay · 1.9 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 35.2% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 36%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
Review does not mean stop the SIP tomorrow - compare peers first. Stopping on a red label often locks in the worst path.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y-8.1%
- 3Y+8.2%
- 5Y+6.9%
- 10Y+11.4%
- SI+14.0%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-6.7%
- 3Y+0.5%
- 5Y+6.1%
- 10Y+10.7%
- Since inception
- +14.0%
- Calendar-day CAGR
- Excess 1Y
- -3.2%
- Category median, same plan and option
- 3Y win rate
- +51%
- Windows beating the median
- 3Y percentile
- 4
- Vs comparable share classes
- SIP 3Y XIRR
- +0.5%
- Simulated monthly SIP
- Worst rolling 3Y
- -4.3%
- 2658 daily-ending windows
- Median rolling 3Y
- +15.2%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 2165 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -35.8%
- Worst peak-to-trough
- Current
- -9.0%
- Below last peak
- Current spell
- 300 days
- Days below latest peak
- Time below peak
- +87%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 15 days
- 167 recovered episodes
- Longest recovery
- 329 days
- Trough to prior peak
24 Jan 2020 – 17 Nov 2020
Trough 23 Mar 2020 · recovered in 239 days
-35.8%
18 Oct 2021 – 15 May 2023
Trough 20 Jun 2022 · recovered in 329 days
-16.6%
18 Jan 2013 – 5 Dec 2013
Trough 28 Aug 2013 · recovered in 99 days
-16.5%
26 Sept 2024 – 2 Jan 2026
Trough 4 Mar 2025 · recovered in 304 days
-16.0%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
4
Vs category
30
Consistency
51
Risk-adjusted
54
Drawdown
11
Mean
30
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Review
Buying stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
Why this status
- Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
- Three-year return sits below the 25th percentile of comparable share classes.
- Maximum drawdown exceeded 35%.
Supporting reads
- Risk-adjusted return sits above the documented risk-free proxy.
Portfolio
30 Sept 2026 · 68 holdings · top 10 are 35.2%.
- Top 5
- 22.4%
- Top 10
- 35.2%
- Largest holding
- 6.9%
- Effective holdings
- 40.8
ICICI Bank Ltd
Financial
6.9%
HDFC Bank Ltd
Financial
6.2%
Larsen & Toubro Ltd
Industrials
3.3%
Aurobindo Pharma Ltd
Healthcare
3.0%
Repo
Unspecified
2.9%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
29 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
28 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
27 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
26 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
22 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
21 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
19 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
16 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
24 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
22 Sept 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Bajaj Finserv Flexi Cap Fund
Bajaj Finserv Mutual Fund
- 1Y
- -0.3%
- 3Y
- +15.8%
- Vol
- 13.1%
- Max DD
- -17.5%
- Sharpe
- 0.69
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Nippon India Flexi Cap Fund
Nippon India Mutual Fund
- 1Y
- -7.8%
- 3Y
- +9.4%
- Vol
- 14.8%
- Max DD
- -19.8%
- Sharpe
- 0.35
- 3Y win
- +60%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Parag Parikh Flexi Cap Fund
PPFAS Mutual Fund
- 1Y
- -7.0%
- 3Y
- +12.5%
- Vol
- 11.9%
- Max DD
- -31.2%
- Sharpe
- 0.96
- 3Y win
- +88%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Baroda BNP Paribas Flexi Cap Fund
Baroda BNP Paribas Mutual Fund
- 1Y
- -3.8%
- 3Y
- +11.9%
- Vol
- 13.9%
- Max DD
- -20.4%
- Sharpe
- 0.48
- 3Y win
- +78%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
BANK OF INDIA FLEXI CAP FUND
Bank of India Mutual Fund
- 1Y
- +3.1%
- 3Y
- +18.6%
- Vol
- 16.6%
- Max DD
- -23.7%
- Sharpe
- 1.09
- 3Y win
- +100%
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility