Edelweiss Flexi Cap Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

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.

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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

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.