Nippon India Flexi Cap Fund Direct - Growth

Q: What are the returns of this mutual fund scheme?

The Nippon India Flexi Cap Fund Direct - Growth is a 4 yrs 6 m old fund and has delivered average annual returns of 12.53% since inception. Nippon India Flexi Cap Fund Direct - Growth Returns 1-Year 3-Year Since Inception 4.83% 16.78% 12.53%

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹17.0926-0.89% 1 day change	12.53% p.a.	App exclusive #NA View Ranked Funds	₹9,592 Cr

Historical NAV & returns

NAV: ₹17.0926 as on Feb 02, 2026

This fund Category average

Nippon India Flexi Cap Fund overview

Expense ratio	0.46% as on Feb 02, 2026
Exit load	1.0% Exit load for units in excess of 10% of the investment,1% will be charged for redemption within 365 days!
AUM (Fund size)	₹9,592 Cr
Lock-in Period	Nil
Age	4 yrs 6 m since Jul 26, 2021
Benchmark	NIFTY 500 TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Risk	Very High
Short term capital gains (STCG)	Returns taxed at 20% if you redeem before 1 year
Long term capital gains (LTCG)	After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

Nippon India Flexi Cap Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Feb 03, 2026

Period	This fund	Category average
1 Month	-5.57%	-7.1%
3 Months	-5.36%	-7.08%
6 Months	-1.64%	-4.04%
1 Year	4.83%	2.91%
2 Years	6.85%	7.38%
3 Years	16.78%	15.65%
4 Years	11.41%	11.17%

View returns in detail

Asset allocationas on Dec 31, 2025

Large Cap 66.11%

Mid Cap 20.73%

Small Cap 12.83%

Other Cap 0%

Top holdings

HDFC Bank Ltd.6.85%

ICICI Bank Ltd.4.41%

Reliance Industries Ltd.4.02%

Axis Bank Ltd.3.88%

Top sectors

Financial 26.43%

Services 11.81%

Energy 9.07%

Automobile 8.42%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Bifurcation by Holding is not available for this fund

Allocation by Instruments

Repo 0.51%

Margin Money 0.00346433%

Other Holdings

Others 0.51%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Nippon India Flexi Cap Fund	-5.57%	-1.64%	4.83%	16.78%	N.A.	N.A.
HDFC Flexi Cap Fund	-3.14%	3.58%	12.52%	21.97%	21.54%	18.87%
Parag Parikh Flexi Cap Fund	-2.29%	1.6%	6.59%	20.22%	19.06%	18.93%
JM Flexicap Fund	-5.61%	-3.69%	-3.21%	20.6%	18.26%	18.38%
Edelweiss Flexi Cap Fund	-4.39%	3.25%	10.4%	20.09%	17.7%	17.38%
Franklin India Flexi Cap Fund	-4.59%	-0.76%	5.95%	18.48%	16.72%	15.66%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Nippon India Flexi Cap Fund	12.89	0.97	0.82	1.15
HDFC Flexi Cap Fund	10.29	0.78	1.44	2.41
Parag Parikh Flexi Cap Fund	8.29	0.59	1.68	2.59
JM Flexicap Fund	14.8	1.03	0.97	1.35
Edelweiss Flexi Cap Fund	13.05	0.99	1.09	1.44
Franklin India Flexi Cap Fund	12.12	0.92	1.01	1.48

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Nippon India Flexi Cap Fund	N.A.	9,592 Cr	4 yrs 6 m	0.46%
HDFC Flexi Cap Fund	N.A.	96,295 Cr	13 yrs 1 m	0.67%
Parag Parikh Flexi Cap Fund	N.A.	1,33,309 Cr	12 yrs 8 m	0.63%
JM Flexicap Fund	N.A.	5,463 Cr	13 yrs 1 m	0.62%
Edelweiss Flexi Cap Fund	N.A.	3,127 Cr	11 yrs	0.43%
Franklin India Flexi Cap Fund	N.A.	19,972 Cr	13 yrs 1 m	0.92%

View all Flexi Cap funds

Key risk & return ratios Compared to other funds in the category

Alpha	0.91 vs. 5.35 Underperformed at beating benchmark
Sharpe	0.82 vs. 4.43 Poor risk-adjusted returns
Beta	0.97 vs. 0.76 More sensitive to market's ups & downs
Standard deviation	12.89 vs. 9.47 More volatile performance

About this fund

About Nippon India Flexi Cap Fund

Nippon India Flexi Cap Fund Direct - Growth is a Flexi Cap mutual fund scheme from Nippon India Mutual Fund. This fund has been in existence for 4 yrs 6 m, having been launched on 26/07/2021. Nippon India Flexi Cap Fund Direct - Growth has ₹9,592 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Nippon India Flexi Cap Fund Direct - Growth as of 02/02/2026 is ₹17.09. The fund has an expense ratio of 0.46%, which is less than what most other Flexi Cap funds charge.

Nippon India Flexi Cap Fund Direct - Growth returns of last 1-year are 4.49%. Since launch, it has delivered 12.72% average annual returns.
Nippon India Flexi Cap Fund Direct - Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is average.
The fund has the majority of its money invested in Financial, Services, Energy, Automobile, Technology sectors. It has taken less exposure in Financial, Services sectors compared to other funds in the category.
The fund's top 5 holdings are in HDFC Bank Ltd., ICICI Bank Ltd., Reliance Industries Ltd., Axis Bank Ltd., Infosys Ltd..

...

Fund AUM	9,592 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Dhrumil Shah

Mr. Shah is B.com and C.A Prior to joining Nippon India Mutual Fund, he has worked with Birla Sun Life Insurance as AVP Investments, Equity Fund Management and Research and ASK investment Managers as Portfolio Manager, Equity Fund Management and Research.

Meenakshi Dawar

Ms. Dawar is a B.Tech from IGIT New Delhi and PGDM from IIM Ahmedabad. Prior to joining Nippon India Mutual Fund had worked with IDFC Mutual Fund. She has worked in institutional equities sales and research division on sell side.

Investment objective

The scheme seeke 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.

Nippon India Mutual Fund details

No. of schemes	71 view all schemes
Total AUM	7,11,598 Cr as on Dec 31, 2025
Address	30th Floor, One Lodha Place Senapati Bapat Marg, Lower Parel Mumbai Mumbai, 400013
Phone	+91 022 6808 7000

More funds from Nippon India Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
Nippon India Small Cap Fund	N.A.	68,287 Cr	1.4%	25.53%
Nippon India Power & Infra Fund	N.A.	7,117 Cr	7.56%	24.46%
Nippon India Growth Mid Cap Fund	N.A.	42,124 Cr	10.98%	23.3%
Nippon India Multi Cap Fund	N.A.	50,352 Cr	7.1%	23.11%
Nippon India Value Fund	N.A.	9,153 Cr	8.17%	19.85%
Nippon India Nifty Midcap 150 Index Fund	N.A.	2,153 Cr	8.75%	N.A.

See all Equity funds from this AMC

Frequently asked questions

What is the current NAV of Nippon India Flexi Cap Fund Direct - Growth?

The current Net Asset Value (NAV) of the Nippon India Flexi Cap Fund - Direct Growth plan is approximately ₹17.0926 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The Nippon India Flexi Cap Fund Direct - Growth is a 4 yrs 6 m old fund and has delivered average annual returns of 12.53% since inception.

Nippon India Flexi Cap Fund Direct - Growth Returns

1-Year	3-Year	Since Inception
4.83%	16.78%	12.53%

How much does this mutual fund charge as expense ratio?

The Nippon India Flexi Cap Fund - Direct Growth has an expense ratio of 0.46%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The Nippon India Flexi Cap Fund currently has assets under management (AUM) or fund size valued at approximately 9,592 Cr as on Dec 31, 2025.

What are the top stock holdings of Nippon India Flexi Cap Fund?

The Nippon India Flexi Cap Fund has invested the majority of its money in the stocks of the following companies -

Company	Percentage of Portfolio
HDFC Bank Ltd.	6.85%
ICICI Bank Ltd.	4.41%
Reliance Industries Ltd.	4.02%
Axis Bank Ltd.	3.88%
Infosys Ltd.	3.68%
Larsen & Toubro Ltd.	3.26%
Mahindra & Mahindra Ltd.	2.71%
Maruti Suzuki India Ltd.	2.67%
Bajaj Finance Ltd.	2.64%
Vedanta Ltd.	2.39%

What are the top sectors Nippon India Flexi Cap Fund has invested in?

The Nippon India Flexi Cap Fund has primarily invested in the following sectors

Sector	Percentage of Portfolio
Financial	26.43%
Services	11.81%
Energy	9.07%
Automobile	8.42%
Technology	8.3%
Capital Goods	7.550000000000001%
Healthcare	5.8500000000000005%
Consumer Staples	5.529999999999999%
Metals & Mining	3.97%
Communication	3.7199999999999998%

What is risk level of Nippon India Flexi Cap Fund?

This is a Flexi Cap fund comes with Very High risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in Nippon India Flexi Cap Fund Direct - Growth?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. The whole process takes just a few minutes. Here's how it works:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for Nippon India Flexi Cap Fund - Direct Growth, select your investment mode (lump sum or SIP), and enter the investment amount.
Provide the required details, including the bank account you'll use for payment, and confirm your investment.

That's it. Your investment in the Nippon India Flexi Cap Fund is complete.

How can I redeem my investments in Nippon India Flexi Cap Fund?

Redeeming your investments in the Nippon India Flexi Cap Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Flexi Cap

#NA

Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit load for units in excess of 10% of the investment,1% will be charged for redemption within 365 days