Flexicap funds have a very holistic approach towards investment. It invests the investors’ money as per the market scenario, irrespective of market capitalization. So, in this article, we will be talking about one such flexicap fund, which is Aditya Birla Sun Life Flexicap Fund Direct-Growth. From performance, to investment objective to risks involved, we will look at the fund from every aspect. 

Aditya Birla Sun Life Flexicap Fund Direct-Growth Fund Management and Objectives

Aditya Birla Sun Life Flexicap Fund Direct-Growth invests in the equity and equity-related instruments of companies across the market capitalization category. The objective of this fund is to generate wealth over time. 

Aditya Birla Sun Life Flexicap Fund Direct Plan-Growth is managed by – 

• Harish Krishnan: He has been managing the fund since November 2023. Before joining Aditya Birla Sun Life MF, he was associated with Kotak Mahindra Mutual Fund and earlier with Infosys Technologies. He holds a Bachelor’s in Engineering and an MBA from IIM Kozhikode. 

Excited about investing in the Aditya Birla Sun Life Flexicap Fund? Open a free Demat account today!

How Does the Aditya Birla Sun Life Flexicap Fund Work?

Aditya Birla Sun Life Flexicap Fund Direct works according to the market. When the market is volatile and prices are plunging, the asset under management (AUM) of this fund can be allocated towards the large-cap stocks, which offer stability in return and are thus less risky. Again, when the market starts rising, and a bull run comes back in the market, then AUM can shift mostly towards the mid and small-cap stocks as these stocks offer more returns during a market uptrend. This way, the returns can be optimized while the risk can be reduced to some extent, and that is what makes flexicap funds special.  

Performance and Returns (As of 23 June 2025) 

Aditya Birla Sun Life Flexicap Fund Direct-Growth has been offering consistent returns over and over again. Here is a snapshot of the returns –  

Time Frame	Aditya Birla Sun Life Flexicap Fund Direct-Growth (%)	Category Average
YTD	4.75	1.10
3 Month	8.56	8.46
6 Month	4.86	0.98
1 Year	8.94	4.75
3 Year	22.77	22.15
5 Year	23.04	22.31
7 Year	15.12	15.18
10 Year	15.08	14.20

From the above performance, it can be understood that the fund has outperformed its peers in most scenarios/timeframes. 

Investment Allocation (As of 31 May 2025)

The Aditya Birla Sun Life Flexicap Fund Growth has 99.34% equity and equity-related instruments, and a mere 0.66% is cash and cash equivalents. 

Market cap-wise asset allocation 

• Giant Cap – 54.45% 
• Large Cap – 22.28%
• Mid-cap – 20.84%
• Small-cap – 2.44%

As of 31 May 2025, the fund had an average market cap of ₹198815 crore, and it spans

across 79 stocks. The top 10 holdings make up 36.79% of its assets. 

Sectoral Allocation 

The fund invests across sectors, offering a well-diversified portfolio. Here are the top five sectors as of 31 May 2025 – 

Sectors	Allocation (%)
Financial Services	33.39
Consumer Discretionary	12.59
Technology	12.34
Materials	10.87
Industrials	9.15

Stock-wise Allocation 

The top five stocks of the Aditya Birla Sun Life Flexicap Fund include – 

Stocks	Assets (%)
ICICI Bank	8.12
HDFC Bank	4.60
Reliance Industries	4.27
Kotak Bank	4.11
Infosys	3.92

Key Metrics 

As of 31 May 2025, the fund had an expense ratio of 0.86%, and the Aditya Birla Sun Life Flexicap Fund NAV as of 23 June 2025 stood at ₹1984.5300.

Fund Details	Information
AUM (Assets Under Management)	₹22826 Crore as of 31 May 2025
Category	Equity Fund, open-ended
Fund Manager	Harish Krishnan
Exit Load	1% if redeemed within 90 days
Entry Load	Nil
Minimum Investment	₹100 (Lump sum)₹100 (SIP)
Benchmark	Nifty 500 TRI

Risk and Performance of the Aditya Birla Sun Life Flexicap Fund 

This fund is classified as a ‘Very High Risk’ fund. It usually offers a higher return but also possesses higher risk. 

1. Standard Deviation (Std Dev%): It shows how much the returns vary from the average returns generated by the funds themselves. The higher this number, the more it fluctuates.

The Standard deviation for the fund is 13.82%, while that of the category is 14.14%, making the fund a little bit less volatile than its peers.

2. Beta: This ratio indicates the volatility of the fund’s performance, compared to similar funds in the market. The lower the Beta, the more predictable the returns are, and vice versa. It helps in comparing funds. 

The fund has 0.94% as beta, while that of the category is 0.92%, almost at par.  

3. Sharpe Ratio: This ratio indicates the return you get for the risk you’re taking. A higher number means better risk-adjusted returns.

The fund has 0.93% while the category average is 0.89%. It indicates a little bit higher risk-adjusted returns.

4. Sortino Ratio: It is similar to Sharpe but only looks at downside risk (the risk of losing money).

The fund has 1.53% while the category average is 1.36%, indicating higher downside risk-adjusted returns. 

5. Alpha: It measures the extra return the fund gives above the market’s average return.

The fund has an Alpha of 1.97%, and the category average is 1.77%, indicating the fund’s ability to deliver a bit higher return than its peers/ category. 

Top Peer Analysis 

Fund Name	3-Year Return (%)	5-Year Return (%)
Aditya Birla Sun Life Flexicap Fund	22.77	23.04
Edelweiss Flexicap fund – Direct – Growth	25.40	26.02
Axis Flexicap Fund Direct – Gorwth	19.80	19.38
HDFC Flexicap Fund Direct – Growth	28.62	29.68
Canara Robeco Flexicap Fund Direct – Growth	21.25	22.30

Taxation for Aditya Birla Sun Life Flexicap Fund 

If you’re investing in the Aditya Birla Sun Life Flexicap Fund, here’s how your returns will be taxed:

1. Short-Term Gains – If you sell the fund units within 1 year of the date of investment, a 20% tax will be levied on the entire return generated during the period. 
2. Long-Term Gains – If you sell the fund units after one year, any profit generated over and above ₹1.25 lakh will be taxable at a 12.5% rate. The same rate will be applicable for any investment tenure above 1 year. 

So, the longer you hold your investments, the better returns you can expect and the less the effect of taxes!

3. Taxes on Dividends – Dividends earned, if any, will be taxable in the hands of investors as per their tax slabs. If the dividend income surpasses ₹10000 in a financial year, then the fund house will deduct 10% TDS before disbursing the dividend into the account of the investor. 

Minimum Investment and Lock-in Period

The minimum investment amount in the Aditya Birla Sun Life Flexicap Fund is ₹100 for lump sum and SIP, which is ₹100. There is no lock-in period for the Aditya Birla Sun Life Flexicap Fund Direct-Growth.

How to Invest in Aditya Birla Sun Life Flexicap Fund Direct?

You can invest in the Aditya Birla Sun Life Flexicap Fund – Direct Growth plan with Shoonya. 

Shoonya offers a free Demat account,  Zero brokerage trading, advanced trading tools, 100+ technical indicators, and much more!

Investing in Lump Sum Mutual Funds through the Shoonya Web Platform

Here’s a quick guide on how to invest in lump sum mutual funds through the Shoonya web platform:

1. First, you must log in to your Shoonya account at https://trade.shoonya.com/ From the “Orders” section, click on “MF order.”
2. Search for the fund you wish to invest in; in this case, the Aditya Birla Sun Life Flexicap Fund – Direct Growth plan.
3. Choose “Fresh” for a new investment and enter the amount you want to invest.
4. You can complete your purchase by clicking the “Purchase” button.
5. You will receive a payment link on your registered email. Use the link to make the payment.

After payment, your mutual fund units will be allotted to your Demat account within T+2 days.

Note: You can only make the payment using the bank account registered with your Demat account.

Setting Up an SIP for Mutual Funds

If you prefer a Systematic Investment Plan (SIP) for Aditya Birla Sun Life Flexicap Fund Direct Plan-Growth plan, you must follow these steps:

1. First, you need to log in to your Shoonya account at https://trade.shoonya.com/ Go to “Orders” and click on “XSIP.”
2. Find the mutual fund for which you want to set up an SIP. In this case, the Aditya Birla Sun Life Flexicap Fund – Direct Growth plan.
3. If this is your first SIP with Shoonya, you need to create a Mandate ID. 

For that, you must enter the mandate amount and the validity date (until you want to keep your SIP active).

4. You must submit the details, and you’ll receive a Mandate authentication link via email. Approval generally takes 24 hours.

Once your Mandate is approved, you can follow these steps to set up your SIP:

1. Go to “XSIP,” enter the SIP amount, and select “Fresh” as the transaction type.
2. Choose the date when the SIP will be debited directly from your registered bank.
3. The approved Mandate ID will auto-reflect.
4. Choose “Monthly” for monthly debits and specify the number of installments (e.g., 24 installments for a 2-year SIP).

If you do not want to forget your SIPs and invest systematically, the SIP method can be most suitable for you. 

Why Invest in the Aditya Birla Sun Life Flexicap Fund?

The reasons for investing in the Aditya Birla Sun Life Flexicap Fund Direct-Growth can be – 

• Long-term capital accumulation – wealth building
• Well-diversified portfolio across sectors
• Higher risk-adjusted returns

Suitability of this Fund| Who Should Invest?

The Aditya Birla Sun Life Flexicap Fund Direct is suitable for investors who:

• Are Risk takers
• Looking for long-term capital appreciation 
• Can stay invested for at least five years 

Conclusion

Aditya Birla Sun Life Flexicap Fund can be a suitable addition to your investment portfolio, given its well-diversified nature. It has long-term capital appreciation as its objective. The fund tries to optimize returns, navigating the market waves, and has been consistently offering generous returns over the years. 

Aditya Birla Sun Life Flexicap Fund Direct Plan-Growth | FAQs

Source: MoneyControl

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Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.