UTI Flexi Cap Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 10, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
UTI Flexi Cap Fund Direct Growth Plan has a NAV of ₹349.2533 as of 09 Sep 2026 and a scheme AUM of ₹24,163 Cr. Its 1-year, 3-year and 5-year returns are 0%, 8.39% and 5.28% respectively, and the fund sits in the High Risk category.
Our view is that this is a fund for investors who can stay invested through uneven stretches and still tolerate volatility. The long-term return pattern is modest, the benchmark has also been mixed, and the portfolio is led by a fairly concentrated set of large individual positions.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹349.2533 as of 09 Sep 2026 |
| AUM | ₹24,163 Cr |
| Expense Ratio | 1.01% |
| Launch Date | 02 Jan 2013 |
| Min SIP | ₹500 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Equity |
| Exit Load | Nil upto 10% of units and 1% for remaining units on or before 1Y, Nil after 1Y |
| Fund Managers | Ajay Tyagi, Akash Shah, Kamal Gada |
The fund is managed by Ajay Tyagi, Akash Shah and Kamal Gada.
Source data date: as of 09 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -2.72% | -4.69% |
| 3M | 10.32% | 0.93% |
| 1Y | 0% | -7.16% |
| 3Y | 8.39% | 6% |
| 5Y | 5.28% | 5.87% |
The short-term picture is uneven but not weak in every period. The fund was down 2.72% over 1 month, yet that still held up better than the benchmark’s 4.69% fall. Over 3 months, the fund’s 10.32% return was materially stronger than the benchmark’s 0.93%, which points to a sharper rebound in the recent stretch.
The 1-year figure is flat at 0%, but that is again better than the benchmark’s 7.16% decline. That tells us the fund has been relatively defensive over the past year even though it did not create positive absolute gains.
Over longer periods, the message is more balanced. The 3-year return of 8.39% is ahead of the benchmark’s 6%, while the 5-year return of 5.28% trails the benchmark’s 5.87% by a small margin. In our view, that mix suggests the fund has improved in the medium term, but its longer compounding record is still only modest. Recent behaviour is clearly stronger than the 5-year picture, so the latest stretch looks more constructive than the full-cycle record.
Source data date: as of 09 Sep 2026
Should you BUY or HOLD UTI 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 UTI Flexi Cap? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| UTI Flexi Cap Fund Direct Growth Plan | 0% | 8.39% | 5.28% |
| Bank of India Flexi Cap Fund Direct Growth Plan | 14.64% | 19.35% | 16.86% |
| ITI Flexi Cap Fund Direct Growth Plan | 14.58% | 18.35% | Data not available |
| Navi Flexi Cap Fund Direct Growth Plan | 12.17% | 11.19% | 11.65% |
| LIC MF Multi Cap Fund Direct Growth Plan | 11.62% | 17.78% | Data not available |
| TRUSTMF Flexi Cap Fund Direct Growth Plan | 10.87% | 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 recent 1-year measure, the fund trails every peer listed here except that the current figure is still better than a negative benchmark year, which is why the comparison looks weaker relative to peers but not weak relative to the index. The 3-year return is also below the strongest peer figures, while the 5-year return sits well below the better long-term peer outcomes that are available. Short-term and long-term comparisons point in the same direction: the peer set has generally produced stronger numbers.
Source data date: as of 09 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Eq – Eternal Limited | Retailing | 6.38% |
| Eq – ICICI Bank Ltd | Bank | 5.95% |
| Eq – Bajaj Finance Ltd. | Finance | 5.67% |
| Eq – HDFC Bank Limited | Bank | 4.35% |
| Eq – Titan Company Ltd. | Diamond & Jewellery | 4.13% |
| Eq – Coforge Ltd | IT | 4% |
| Eq – Dixon Technologies (India) Ltd | Consumer Durables | 3.73% |
| Eq – Info-Edge (India) Ltd. | IT | 3.67% |
| Eq – Persistent Systems Ltd. | IT | 3.36% |
| Eq – Bharti Airtel Ltd. | Telecom | 3.23% |
The top 10 holdings account for approximately 44.47% of the portfolio.
To see all holdings, visit the UTI Flexi Cap Fund Direct Growth Plan page
The largest holding, Eternal Limited, carries a 6.38% weight, which is meaningful but not dominant. The drop from the first holding to the tenth is fairly gradual rather than abrupt, moving from 6.38% to 3.23%, so the portfolio does not rely on a single oversized position.
At the same time, the top 10 positions together make up 44.47% of the portfolio, while 46 holdings are disclosed in total. That suggests a moderate level of concentration: the leading names may have greater influence on returns, but there is still a long tail of smaller positions that can soften the impact of any one stock.
Source data date: as of 09 Sep 2026
Who should invest
This fund suits investors who are comfortable with High Risk equity exposure and who can give it a longer runway. The 1-year result has been flat, but the 3-year return is positive and the 5-year return is still modest, so patience matters more here than chasing short bursts of outperformance.
The main trade-off is that the fund has recently held up better than the benchmark in weaker stretches, yet its 5-year return still trails the benchmark slightly. Investors who want a relatively diversified flexi-cap portfolio and can accept uneven year-to-year outcomes may find the pattern understandable, while those seeking steady compounding may find the return path less comfortable.
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: Nil upto 10% of units and 1% for remaining units on or before 1Y, Nil after 1Y.
Source data date: as of 09 Sep 2026
Frequently asked questions
What is the current NAV of UTI Flexi Cap Fund Direct Growth Plan?
The current NAV is ₹349.2533 as of 09 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s returns are 0% over 1 year, 8.39% over 3 years and 5.28% over 5 years.
How has it performed versus the benchmark?
It has been mixed versus Nifty 50. The fund is ahead over 1 month, 3 months, 1 year and 3 years, but it is slightly behind over 5 years.
How does it compare with the peer funds listed here?
The recent and medium-term numbers are below the stronger peer figures shown here, while a few peers also have missing long-term data. The broad pattern is that several peers have delivered stronger 1-year and 3-year returns.
What is the minimum SIP amount?
There is no minimum SIP row shown here, so we are not stating one.
Who manages the fund and what is the exit load?
The fund is managed by Ajay Tyagi, Akash Shah and Kamal Gada. The exit load is nil up to 10% of units and 1% for the remaining units on or before 1 year, and nil after 1 year.
Bottom line
UTI Flexi Cap Fund Direct Growth Plan has a stronger recent stretch than its longer record suggests, especially against the benchmark in the last 3 months and 1 year. Even so, the 5-year return remains modest and slightly below the benchmark, so the fund looks more like a selective equity option than a consistently dominant compounder. Its High Risk profile and the 44.47% weight in the top 10 holdings mean it can move meaningfully with a handful of stocks, which matters for investors who prefer smoother outcomes.
Published on 10 September 2026 at 3:48 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.