December 29, 2025
RA Jainee
SBI Flexicap Fund
| Fund at a Glance | |
| NAV Growth | Rs 126.28 |
| NAV Bonus | — |
| NAV IDCW | Rs 63.11 |
| Min. Investment (Rs.) | 1,000 |
| Min. SIP Investment (Rs.) | 500 |
| Min. No of Cheques | 12 |
| Benchmark | BSE 500 TRI |
| AUM Rs. | 23,556 Cr |
| (As on 30-Nov-2025) | |
| Expense | 0.84% |
| 1 Year Return (%) | 5.58 |
| 3 Year Return (%) | 15.12 |
| 5 Year Return (%) | 15.61 |
| 10 Year Return (%) | 14.01 |
| Return Since Launch | 15.72% |
⚖️ Sahifund Review — SBI Flexicap Fund ✓
PLUS: Stability, track record, cost efficiency
SBI Flexicap Fund carries a long and proven track record since 2013, offering investors comfort of continuity across multiple market cycles. The fund follows a large-cap–oriented flexi-cap strategy, which helps reduce volatility during market corrections. Long-term returns in the 14–16% range over 7–10 years reflect steady compounding rather than aggressive swings. Backed by SBI Mutual Fund, the fund benefits from institutional research depth and strong risk-management frameworks. It works well as a conservative equity allocation within a diversified portfolio.
MINUS: Large AUM, large-cap bias, momentum lag
With assets exceeding Rs. 23,500 Cr, flexibility to generate sharp alpha is limited. The portfolio has a heavy large-cap tilt, which can cause underperformance during mid- and small-cap bull phases. Expense ratio is on the higher side, impacting net returns versus lower-cost peers. Recent 1–3 year performance has lagged category averages, indicating momentum challenges.
Decisive Line (Sahifund View):
Best suited for conservative SIP investors (5+ years) who prioritise stability and capital preservation over aggressive outperformance in flexi-cap funds.
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.
This is a flexi-cap fund where the fund management team has complete freedom to invest in companies of different sizes, depending on where it expects maximum gains. This versatility makes flexi-cap funds most suitable for equity fund investors, as the job of stock selection is left completely to the fund manager, which is the very idea of investing in a mutual fund.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
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.
Fund Manager:
1) Dinesh Balachandran
Education: Mr.Dinesh is a B.Tech from IIT-B, M.S. from MIT USA and CFA.
Experience: Prior to joining SBI Funds Management Pvt. Ltd. he has worked with Fidelity Investments, USA.
2) Anup Upadhyay
Education: Mr. Upadhyay has done B.Tech, PGDM and CFA
Experience: Prior to joining SBI Mutual Fund, he has worked with TCS
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 1,000 |
| Lock-in Period | NA |
| Exit Load | 0.1% for redemption within 30 days |
Basic Details of SBI Flexicap Fund
| Fund House | SBI Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 15.72% |
| Benchmark | BSE 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 23,556 Cr |
| (As on 30-Nov-2025) | |
| Expense | 0.84% |
| (As on 30-Nov-2025) | |
| Risk Grade | Below Average |
| Return Grade | Below Average |
| Turnover | 66.00% |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| SBI Flexicap Dir | 5.97 | -0.49 | -0.25 | 4.26 | 3.31 | 5.58 | 15.12 | 15.61 | 14.89 | 14.01 |
| BSE 500 TRI | 7.53 | -0.17 | 0.73 | 2.95 | 3.84 | 7.43 | 17.38 | 17.18 | 16.16 | 14.93 |
| Equity: Flexi Cap | 4.52 | -0.40 | -1.09 | 3.81 | 1.19 | 4.19 | 17.82 | 17.22 | 16.02 | 14.72 |
| Rank within category | 46 | 82 | 16 | 47 | 20 | 46 | 57 | 39 | 27 | 24 |
| Number of funds in category | 93 | 112 | 110 | 107 | 99 | 92 | 70 | 53 | 41 | 34 |
Peer Comparison of SBI Flexicap Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| SBI Flexicap Dir | 3 star | 5.58 | 15.12 | 15.61 | 0.84 | 23,556 | 15.72 | 0.10 (30) | 12Y 11M | 66.00 |
| Parag Parikh Flexi Cap Dir | 5 star | 9.04 | 23.66 | 21.14 | 0.63 | 1,29,783 | 19.61 | 2.00 (365) | 12Y 7M | 12.67 |
| HDFC Flexi Cap Dir | 5 star | 11.41 | 22.40 | 24.65 | 0.67 | 94,069 | 16.91 | 1.00 (365) | 12Y 11M | 12.51 |
| SBI Focused Dir | 4 star | 16.08 | 19.64 | 18.04 | 0.75 | 42,773 | 16.09 | 0.25 (30) | 12Y 11M | 37.00 |
| HDFC Focused Dir | 5 star | 11.55 | 22.59 | 25.88 | 0.62 | 26,230 | 15.78 | 1.00 (365) | 12Y 11M | 13.75 |
Portfolio Analysis of SBI Flexicap Fund
| No. of Stocks | 64 |
| Top 10 Stocks | 46.32% |
| Top 5 Stocks | 28.10% |
| Top 3 Sectors | 64.02% |
| Portfolio P/B Ratio | 3.87 |
| Portfolio P/E Ratio | 27.82 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,71,042 | 1,83,488 |
| Giant (%) | 69.39 | 49.57 |
| Large (%) | 11.39 | 21.41 |
| Mid (%) | 12.21 | 23.80 |
| Small (%) | 7.01 | 6.21 |
| Tiny (%) | — | 0.79 |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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