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

Unifi Flexi Cap Fund Direct Growth Plan has a NAV of ₹10.5357 as of 15 September 2026, with an AUM of ₹235 Cr. Its 1-year, 3-year and 5-year returns are 4.39%, Data not available and Data not available, and the fund sits in the High Risk category. Our view is that this is a relatively young equity scheme with a mixed near-term record, so it may suit investors who can tolerate sharp swings and are comfortable assessing the fund on its evolving portfolio rather than a long public track record.

The fund’s recent behaviour has been uneven, but the portfolio is built around a mix of financials, telecom, infrastructure and select cyclical exposures. That gives it some diversification across businesses, though the current return profile does not yet suggest a smooth compounding pattern. The core case here is not steady stability; it is a willingness to accept volatility in exchange for the possibility that the portfolio mix can improve over time.

Quick facts

Particular	Details
NAV	₹10.5357 as of 15 Sep 2026
AUM	₹235 Cr
Expense Ratio	1.08%
Launch Date	06 Jun 2025
Min SIP	₹250
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	1% on or before 12M, Nil after 12M
Fund Managers	Saravanan V N, Aejas Lakhani, Karthik Srinivas

The fund is managed by Saravanan V N, Aejas Lakhani and Karthik Srinivas.

Source data date: as of 15 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-2.59%	-4.81%
3M	1.13%	-3.63%
1Y	4.39%	-8.27%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

Over the latest month, the fund was down, but it still held up better than the benchmark. That matters because the benchmark was also weak, and the fund’s smaller fall suggests it has cushioned part of the recent pressure rather than magnifying it. The three-month picture is more encouraging: the fund is positive while the benchmark remains negative, which points to a short run of relative resilience.

The one-year result is stronger than the benchmark by a wide margin. Even so, we would read that carefully because this scheme was launched in June 2025, so the public history is still short and the return path is still forming. The pattern across the available periods looks uneven rather than steadily compounding, which is common in an early-stage portfolio but still important for investors to note.

For now, the main message is that the fund has not tracked the benchmark closely on short horizons. It has done better in the periods shown, yet the journey has included monthly setbacks. That combination can be acceptable for investors who can stay invested through volatility, but it is less comfortable for anyone expecting smooth month-to-month progress.

Source data date: as of 15 Sep 2026

Should you BUY or HOLD Unifi 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
Unifi Flexi Cap Fund Direct Growth Plan	4.39%	Data not available	Data not available
ITI Flexi Cap Fund Direct Growth Plan	10.27%	17.58%	Data not available
Bank of India Flexi Cap Fund Direct Growth Plan	10.1%	18.09%	16.01%
Navi Flexi Cap Fund Direct Growth Plan	8.57%	10.14%	10.95%
LIC MF Multi Cap Fund Direct Growth Plan	7.11%	17.04%	Data not available
360 ONE Flexicap Fund Direct Growth Plan	6.64%	16.21%	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. On the return figures available here, the fund trails the strongest peer 1-year numbers, and it also sits below the peer set where 3-year and 5-year figures are available. That does not make the fund unsuitable, but it does mean the short history has not yet matched the stronger longer-run numbers seen among several peers.

The peer table also tells two different stories. In the recent 1-year period, the gap versus peers is clear; in the longer horizons, the fund has no published track record yet, while several peers already show established compounding patterns. For an investor, that means the decision is less about comparing a mature history and more about judging whether this newer portfolio deserves patience.

Source data date: as of 15 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Net Current Assets	Cash & Cash Equivalents and Net Assets	4.48%
The South Indian Bank Limited	Bank	4.45%
Share Application Money Pending Allotment	Cash & Cash Equivalents and Net Assets	4.29%
Bharti Airtel Limited	Telecom	3.92%
ICICI Bank Limited	Bank	3.78%
Fedbank Financial Ser Ltd	Finance	3.47%
Care Ratings Limited	Ratings	3.44%
Reliance Industries Limited	Crude Oil	3.36%
Adani Port & Special Economic Zone Ltd	Logistics	3.17%
Larsen & Toubro Limited	Infrastructure	2.91%

The top 10 holdings account for approximately 37.27% of the portfolio.

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

The largest disclosed holding is Net Current Assets at 4.48%, which is only slightly ahead of The South Indian Bank Limited at 4.45% and Share Application Money Pending Allotment at 4.29%. That narrow spread at the top suggests no single position dominates the visible list, even though the fund is still fairly early in its life cycle.

The tenth holding stands at 2.91%, so the drop from the first to the tenth is modest rather than steep. The visible book therefore looks more balanced than top-heavy within the disclosed names, with several positions clustered in the 3% to 4% range. That can reduce reliance on one outcome, though it can also mean the fund’s overall return profile depends on a broader set of decisions.

At 37.27% across the top 10 disclosed holdings, the portfolio shows a meaningful but not extreme concentration in the largest ideas. With 53 holdings disclosed, the tail is long enough to suggest diversification beyond the headline positions. In our view, that blend may give the fund room to express conviction without relying on just a handful of holdings to drive the outcome.

Source data date: as of 15 Sep 2026

Who should invest

This fund is better suited to investors who are comfortable with High Risk equity exposure and can stay invested through uneven stretches. The short return history is positive over one year but mixed over the most recent month, so a longer horizon matters more than a quick outcome.

Compared with the benchmark, the fund has been ahead in the periods shown, while several peers have already built stronger one-year and multi-year records. That trade-off means an investor may be accepting newer-fund uncertainty in exchange for a portfolio that has, so far, held up better than the benchmark in recent periods. It fits better as a patient equity allocation than as a short-term parking place.

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 redeemed within 12 months; nil after 12 months.

Source data date: as of 15 Sep 2026

Frequently asked questions

What is the current NAV of Unifi Flexi Cap Fund Direct Growth Plan?
The current NAV is ₹10.5357 as of 15 September 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
Its 1-year return is 4.39%, while the 3-year and 5-year returns are Data not available.

How has it performed against the benchmark?
It has beaten the benchmark in the periods shown. The 1-month, 3-month and 1-year returns are all better than the benchmark’s corresponding figures.

How does it compare with peer funds?
Its 1-year return is below several peer funds that have published 1-year figures, and those peers also show stronger multi-year records where available.

What is the minimum SIP amount?
The minimum SIP amount is ₹250.

Who manages the fund and what is the exit load?
The fund is managed by Saravanan V N, Aejas Lakhani and Karthik Srinivas. The exit load is 1% if units are redeemed within 12 months and nil after 12 months.

Bottom line

Unifi Flexi Cap Fund Direct Growth Plan has shown a better recent run than its benchmark, but its short history is still uneven and the longer-term record is not yet available. Several peers have stronger 1-year and multi-year returns where data exists, so this fund currently looks more like a newer contender than a proven long-horizon compounder. The portfolio is diversified across 53 disclosed holdings, with the top 10 accounting for 37.27%, which suggests a balanced but still conviction-led approach. It suits investors who can accept High Risk equity volatility and wait through an untested track record.

Published on 16 September 2026 at 5:05 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.