Edelweiss Flexi Cap Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 11, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Edelweiss Flexi Cap Fund Direct Growth Plan has a NAV of ₹45.489 as of 10 Sep 2026 and scheme AUM of ₹3,721 Cr. Its 1-year, 3-year and 5-year returns are 2.84%, 14.41% and 13.07%, and the fund sits in the High Risk category. Our view is that this is a diversified flexi-cap option for investors who can tolerate sharp swings in the short run and are more focused on multi-year compounding than on calendar-year smoothness.
Against NIFTY 50, the fund has held up better over 3 years and 5 years, but the last 12 months have been much softer. That mix points to a fund that can participate well over longer stretches, while still behaving unevenly when markets are less supportive.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹45.489 as of 10 Sep 2026 |
| AUM | ₹3,721 Cr |
| Expense Ratio | 0.44% |
| Launch Date | 03 Feb 2015 |
| Min SIP | ₹100 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Equity |
| Exit Load | 1% on or before 90D, Nil after 90D |
| Fund Managers | Trideep Bhattacharya, Ashwani Agarwalla, Mehul Dalmia |
The fund is managed by Trideep Bhattacharya, Ashwani Agarwalla and Mehul Dalmia.
Source data date: as of 10 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -2.58% | -4.06% |
| 3M | 5.76% | 1.37% |
| 1Y | 2.84% | -7.31% |
| 3Y | 14.41% | 6.07% |
| 5Y | 13.07% | 5.91% |
The recent pattern is mixed. Over 1 month, the fund fell less than the benchmark, which shows some relative resilience in a weak spell. Over 3 months, it moved ahead of the benchmark by a wide margin, so the short-term picture is not uniformly soft.
The 1-year return is modest, and that is where the more cautious reading starts. The fund is still ahead of the benchmark over that period because the benchmark is negative, but the gap is not large enough to call the year strong in absolute terms.
The longer view is more constructive. Both 3-year and 5-year returns are clearly above the benchmark, and that suggests the portfolio has been able to compound better through a full market cycle than the index over these horizons. The fund’s longer-run path also shows more movement than a straight, steady climb, so investors should expect periods where the experience is uneven before compounding reasserts itself.
Our take is that this is a fund where the longer holding period matters more than the latest quarter. The shorter-term numbers show that it can lag or lead by a noticeable amount depending on market conditions, while the 3-year and 5-year figures indicate that the strategy has added value over time versus the benchmark.
Source data date: as of 10 Sep 2026
Should you BUY or HOLD Edelweiss Flexi Cap?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding Edelweiss Flexi Cap? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Edelweiss Flexi Cap Fund Direct Growth Plan | 2.84% | 14.41% | 13.07% |
| ITI Flexi Cap Fund Direct Growth Plan | 13.94% | 18.35% | Data not available |
| Bank of India Flexi Cap Fund Direct Growth Plan | 13.69% | 19.33% | 16.84% |
| Navi Flexi Cap Fund Direct Growth Plan | 11.62% | 11.14% | 11.62% |
| LIC MF Multi Cap Fund Direct Growth Plan | 10.93% | 17.78% | Data not available |
| TRUSTMF Flexi Cap Fund Direct Growth Plan | 10.58% | Data not available | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. On the latest 1-year numbers, the fund trails several peers that have delivered stronger recent gains, so the short-term picture looks softer than the peer set. The 3-year and 5-year records are more balanced: the fund is ahead of the peer with available 5-year data from Navi and holds up better than some shorter-history funds on multi-year returns, but it does not lead the available peer figures on 3-year returns. The result is a mixed peer story, where longer-term compounding is respectable but the recent year has been notably weaker than the stronger peer runs.
Source data date: as of 10 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| ICICI Bank Ltd. | Bank | 5.47% |
| HDFC Bank Ltd. | Bank | 5.11% |
| Reliance Industries Ltd. | Crude Oil | 3.85% |
| Larsen & Toubro Ltd. | Infrastructure | 3.76% |
| State Bank of India | Bank | 2.51% |
| Clearing Corporation of India Ltd. | Cash & Cash Equivalents and Net Assets | 2.5% |
| Tata Steel Ltd. | Iron & Steel | 2.2% |
| Mahindra & Mahindra Ltd. | Automobile & Ancillaries | 2.14% |
| NTPC Ltd. | Power | 1.95% |
| Bharti Airtel Ltd. | Telecom | 1.89% |
The largest holding, ICICI Bank Ltd., is 5.47%, which is meaningful but not oversized on its own. The drop from the largest holding to the tenth holding, Bharti Airtel Ltd. at 1.89%, is moderate rather than extreme, so the portfolio does not look dependent on a single dominant stock position.
The top 10 holdings account for approximately 31.38% of the portfolio, which suggests that a sizable share of assets sits beyond the disclosed core positions. With 75 holdings in total and more holdings beyond the top 10, the fund appears to spread risk across a fairly long tail even though banks and a few large industrial names still matter at the top.
That mix may help reduce single-stock dependence, while still allowing the larger positions to influence outcomes. It also means investors should expect the portfolio to be driven by both the leading names and the wider set of smaller positions rather than by one or two very large bets.
To see all holdings, visit the Edelweiss Flexi Cap Fund Direct Growth Plan page
Source data date: as of 10 Sep 2026
Who should invest
This fund suits investors who can handle High Risk equity exposure and stay invested long enough for the full cycle to matter. The 3-year and 5-year numbers are much more useful than the 1-year result, so the horizon needs to be measured in years rather than months.
The main trade-off is clear: you may get better long-term compounding than the benchmark, but the path can be uneven and the latest year has been subdued. That makes it more suitable for investors who are comfortable with volatility and want a flexi-cap allocation that is not tied to one narrow style or market-cap bucket.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: 1% applies if units are redeemed on or before 90 days. There is no exit load after the holding period.
Source data date: as of 10 Sep 2026
Frequently asked questions
What is the current NAV of Edelweiss Flexi Cap Fund Direct Growth Plan?
The current NAV is ₹45.489 as of 10 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s returns are 2.84% over 1 year, 14.41% over 3 years and 13.07% over 5 years.
How does the fund compare with NIFTY 50?
It is ahead of NIFTY 50 over 3 years and 5 years, while the 1-year result is also better because the benchmark is negative. The latest month is less negative than the benchmark, and the 3-month result is stronger.
How does it compare with peer funds on recent performance?
Its 1-year return is weaker than several peer funds in the comparison set, while the 3-year and 5-year figures are more competitive. The short-term picture is softer than the longer-term one.
What is the minimum SIP amount?
The minimum SIP amount is ₹100.
What is the risk profile and who manages the fund?
The fund is in the High Risk category. It is managed by Trideep Bhattacharya, Ashwani Agarwalla and Mehul Dalmia.
What is the exit load and tax treatment?
The exit load is 1% if units are redeemed on or before 90 days, and there is no exit load after the holding period. Units held for less than 1 year face 20% short-term capital gains tax, while units held for more than 1 year face 12.5% long-term capital gains tax.
Bottom line
Edelweiss Flexi Cap Fund Direct Growth Plan has a softer 1-year outcome, but its 3-year and 5-year numbers are much more constructive and stay ahead of the benchmark over those horizons. In the peer set, the recent year looks weaker than several alternatives, yet the longer-term record remains usable rather than poor. The portfolio is fairly diversified across 75 holdings, with the top positions meaningful but not overwhelming, which may suit investors who want diversified equity exposure and are willing to ride out volatility for longer-term compounding.
Published on 11 September 2026 at 3:57 PM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.