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

Old Bridge Flexi Cap Fund Direct Growth Plan has a NAV of ₹11.07 as of 16 September 2026 and an AUM of ₹396 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, and the scheme is tagged High Risk. Our view is that this is a young flexi-cap fund with a small listed history, so the main question is not long-run consistency yet, but whether the portfolio and short-term behaviour justify waiting through a volatile phase.

The fund’s current profile suits investors who can tolerate sharp swings and want exposure to an actively managed flexi-cap portfolio rather than stable near-term outcomes. The benchmark is Nifty 50, and the early return pattern has not yet established a clear edge over it.

Quick facts

Particular	Details
NAV	₹11.07 as of 16 Sep 2026
AUM	₹396 Cr
Expense Ratio	0.0%
Launch Date	02 Mar 2026
Min SIP	₹1,000
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	1% on or before 365D, Nil after 365D
Fund Managers	Kenneth Andrade

The fund is managed by Kenneth Andrade.

Source data date: as of 16 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-3.99%	-4.41%
3M	1.1%	-3.6%
1Y	Data not available	Data not available
3Y	Data not available	Data not available
5Y	Data not available	Data not available

Recent behaviour has been uneven but not entirely weak. Over one month, the fund fell less than the benchmark, which suggests it held up slightly better in a soft spell. Over three months, it moved up while the benchmark was down, so the fund has shown some short-window resilience.

The longer picture is still too short to call it a mature cycle test. The fund was launched only in March 2026, so there is no meaningful 1-year, 3-year or 5-year return history to assess. That means the current evidence is mostly about early post-launch behaviour rather than a full market cycle.

Compared with the benchmark, the recent story is mixed but constructive. The fund has not been tracking the index move-for-move, which is expected in an active flexi-cap strategy. What matters more at this stage is whether short-term participation in rebounds is paired with controlled drawdowns, and the available monthly pattern suggests that balance is still being formed.

For investors, the main takeaway is that this is an early-stage return record with some relative strength in the latest quarter, but not enough history to judge durability. The absence of multi-year results means our view should remain cautious until the fund builds a deeper track record.

Source data date: as of 16 Sep 2026

Should you BUY or HOLD Old Bridge 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 Old Bridge Flexi Cap? Thinking of investing now?

Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium

Peer comparison

Fund	1Y return	3Y return	5Y return
Old Bridge Flexi Cap Fund Direct Growth Plan	Data not available	Data not available	Data not available
Bank of India Flexi Cap Fund Direct Growth Plan	10.1%	18.09%	16.01%
ITI Flexi Cap Fund Direct Growth Plan	9.54%	17.61%	Data not available
Navi Flexi Cap Fund Direct Growth Plan	7.9%	10.18%	10.89%
LIC MF Multi Cap Fund Direct Growth Plan	7.11%	17.04%	Data not available
Aditya Birla SL Flexi Cap Fund Direct Growth Plan	5.94%	13.33%	10.98%

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

The peer set gives useful context, but the comparison is constrained by the fund’s short life. Several peers show double-digit 1-year, 3-year and, in some cases, 5-year returns, while this fund has not yet built a comparable multi-year record. That makes the present comparison more about readiness than about established long-term superiority.

On the short-term lens, the fund has not yet established a return figure to stand beside those peers, so the gap is about history rather than a measured underperformance claim. The more important point is that the peers with available longer histories show how much evidence typically accumulates before an active flexi-cap fund can be judged on consistency.

Source data date: as of 16 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Triparty Repo	Cash & Cash Equivalents and Net Assets	9.75%
Interglobe Aviation Limited	Aviation	3.4%
Hindalco Industries Limited	Non – Ferrous Metals	3.35%
Shriram Finance Limited	Finance	3.33%
Star Health and Allied Insurance Company Limited	Insurance	3.2%
Balkrishna Industries Limited	Automobile & Ancillaries	3.19%
Aurobindo Pharma Limited	Healthcare	3.16%
Gujarat Ambuja Exports Limited	Agri	3.15%
The Federal Bank Limited	Bank	3.1%
International Gemological Institute Limited	Domestic Equities	3.05%

The top 10 holdings account for approximately 38.68% of the portfolio.

To see all holdings, visit the Old Bridge Flexi Cap Fund Direct Growth Plan page

The single largest disclosed holding is Triparty Repo at 9.75%, which gives the fund a noticeable cash-and-equivalent buffer within the visible list. After that, the weights settle into a tight band around 3% to 3.4%, so the gap from first to tenth is fairly steep at the top and then more level across the rest of the table.

That pattern may indicate that no single equity idea dominates the disclosed top positions, even though the repo allocation is materially higher than the others shown. With 36 disclosed holdings and the top 10 accounting for 38.68%, the portfolio appears to be spread across a longer tail rather than concentrated only in a handful of names.

For investors, that mix could mean the fund’s visible risk is shaped by a moderate cluster of mid-sized positions plus a liquidity sleeve at the top. It is likely to have greater influence from stock selection across several sectors than from one oversized equity bet.

Source data date: as of 16 Sep 2026

Who should invest

This fund suits investors who can accept High Risk positioning and who are comfortable with an early-stage track record. The short history means there is no long-run return pattern yet, so the main appeal lies in the portfolio approach rather than proven cycle-tested results.

It is more appropriate for a medium- to long-term horizon, because the current performance evidence is limited to a few months and can change quickly. Relative to the benchmark, the fund has shown some recent resilience, but it still needs time before that can be treated as a durable pattern.

The key trade-off is clear: investors may get differentiated active exposure, but they must accept uncertainty around how that will behave across a fuller market cycle.

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% if units are sold on or before 365 days. There is no exit load after the holding period.

Source data date: as of 16 Sep 2026

Frequently asked questions

What is the current NAV of Old Bridge Flexi Cap Fund Direct Growth Plan?
Its NAV is ₹11.07 as of 16 September 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year, 3-year and 5-year returns are not yet available in a meaningful way because the scheme was launched on 02 Mar 2026.

How has it moved versus the benchmark recently?
Over 1 month, the fund fell less than the benchmark. Over 3 months, it moved up while the benchmark declined.

How does it compare with peers on available return data?
Several peers have established 1-year, 3-year and some 5-year return records, while this fund does not yet have comparable multi-year figures.

What is the minimum SIP amount?
The minimum SIP amount is ₹1,000.

Who manages the fund and what is the exit load?
The fund is managed by Kenneth Andrade. The exit load is 1% if units are sold on or before 365 days, and nil after that period.

Bottom line

Old Bridge Flexi Cap Fund Direct Growth Plan is still too new for a full long-term verdict. The recent monthly pattern is slightly better than the benchmark in the shorter windows, but the fund does not yet have multi-year returns that can confirm durability. Its High Risk label, broad sector spread and a visible repo allocation point to a strategy that may behave differently from a plain index exposure. That makes it more suitable for investors who can wait for the record to develop.

Published on 17 September 2026 at 3:27 PM IST

Explore mutual funds with Univest

Review mutual fund data, compare performance and explore fund insights on Univest.

Explore Univest

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.