From Jio BlackRock to Capitalmind: How 4 new flexi cap funds of 2025 stack up

As many as five new active flexi-cap mutual funds were launched between June to December in 2025. Jio BlackRock Flexi Cap Fund, Capitalmind Flexi Cap Fund, Unifi Flexi Cap Fund, and The Wealth Company Flexi Cap Fund were launched till October. The last month of the previous year saw the launch of Abakkus Flexi Cap Fund.

This article looks at how four of these flexi-cap schemes launched before December 2025 stack up in terms of their NAV, AUM and asset allocation.

Before reading further, please note that this exercise is for informational purposes only. These funds haven't even completed a year, so there isn't much return data to comment on their performance. Moreover, short-term returns of any mutual fund scheme never give any idea about its future potential.

All these schemes have adopted different asset allocation strategies. Being in the flexi-cap category, these schemes have the freedom to pick stocks that form the Nifty 500 index. However, their success in the long term will depend on how successful their asset allocation proves to be.

Jio BlackRock Flexi Cap Fund

• Launch date: 13 October 2025

• Fund manager: Tanvi Kacheria

• Benchmark: NIFTY 500 - TRI

• AUM: ₹2231.64 crore

• NAV: 10.29

• Returns since inception: 2.9%

Jio BlackRock Flexi Cap Fund has invested 66.61% in large-cap stocks, 23.32% in mid-cap, 12.21% in small-cap, and 2.86% in others. Overall, the scheme is 97.28% invested in equity and only 2.77% in others.

In terms of sector-wise allocation, Jio BlackRock Flexi Cap Fund has 21.46% of its assets in banks, 11.03% in IT, 8.4% in automobiles, 7.3% in Crude Oil, and 5.24% in Healthcare. The fund has also invested 5.1% in Finance, 4.72% in FMCG, 3% in Iron & Steel, 2.94% in Infrastructure, and 2.84% in capital goods.

The top 5 stock holdings of this scheme as of January 1, 2026, include HDFC Bank (9.01%), ICICI Bank (5.86%), Reliance Industries (4.42%), Infosys (4.1%), and SBI (3.20%).

Capitalmind Flexi Cap Fund

• Launch date: 4 August 2025

• Fund manager: Anoop Vijaykumar

• Benchmark: NIFTY 500 - TRI

• AUM: ₹234.12 crore

• NAV: 10.24

Returns since inception: 2.45%. The scheme completed its first full quarter in October-December 2025, recording 6.17% returns in this duration.

Capitalmind Flexi Cap Fund has almost equal allocation towards large-cap and mid-cap stocks and a higher allocation to small-caps than Jio BlackRock Flexi Cap Fund.

The scheme has invested 38.52% in large-cap stocks, 37.88% in mid-cap, 14.21% in small-cap, and 9.58% in others. Overall, the scheme is 90.41% invested in equity and 9.58% in others.

In terms of sector-wise allocation, Capitalmind Flexi Cap Fund has 18.08% of its assets in banks, 13.96% in Finance, 12.16% in automobiles and ancillaries, 9.6% in healthcare, and 8.88% in Chemicals. The fund has also invested 4.12% in IT, 4% in Non-Ferrous Metals, 3.19% in Telecom, 2.89% in Construction Materials, and 2.76% in Aviation.

Top 5 stock holdings of this scheme as of January 1, 2026 include Bajaj Finance (3.5%), Bharti Airtel (3.19%), Interglobe Aviation (2.76%), Indian Bank (2.62%) and City Union Bank (2.58%).

Unifi Flexi Cap Fund

• Launch date: 06 June 2025

• Fund manager: Saravanan V N

• Benchmark: NIFTY 500 - TRI

• AUM: ₹163.66 crore

• NAV: 10.35

Returns since inception: 3.48%. The scheme delivered 4.36% in Q3 FY 2025-26 and -3.89% in Q2 FY 2025-26.

Unifi Flexi Cap Fund has a higher allocation to small-cap stocks than midcaps. The scheme has invested 57.94% in large-cap stocks, 10.5% in midcap companies, 21.74% in small-cap, and 9.82% in others. Overall, the scheme is 90.19% invested in equity and 9.83% in others.

In terms of sector-wise allocation, Unifi Flexi Cap Fund has 21.80% of its assets in banks, 11.37% in Healthcare, 6.67% in automobiles and ancillaries, 6.52% in Finance, 5.91% in Telecom, and 5.81% in IT. The fund has also invested 4.37% in FMCG, 4.3% in Chemicals, 4.17% in Infrastructure and 2.84% in Business Services.

Top 5 stock holdings of this scheme as of January 1, 2026 include Bharti Airtel (5.91%), ICICI Bank (5.33%), Kotak Mahindra Bank (4.65%), HDFC Bank (4.58%) and ITC (3.62%).

The Wealth Company Flexi Cap Fund

• Launch date: 14 October 2025

• Fund manager: Aparna Shanker

• Benchmark: NIFTY 500 - TRI

• AUM: Rs 261.26 crore

• NAV: 10.22

Returns since inception: 2.19%.

The Wealth Company Flexi Cap Fund has higher allocation to large-cap stocks, followed by midcaps and small caps.

The scheme has invested 49.46% in large-cap stocks, 28.53% in midcap, 15.27% in small-cap, and 6.74% in others. Overall, the scheme is 94.12% invested in equity and 5.84% in others.

In terms of sector-wise allocation, The Wealth Company Flexi Cap Fund has 17.41% of its assets in IT, 16.54% in Finance, 11.63% in banks, 10.29% in automobiles and ancillaries, 6.16% in Crude Oil, 4.64% in Capital Goods and 4.47% in Telecom. The scheme has also invested 4% in Insurance, 3.87% in Healthcare and 3.48% in Infrastructure stocks.

Top 5 stock holdings of this scheme as of January 1, 2026, include Infosys (5.67%), Bharti Airtel (4.47%), Reliance Industries (4.32%), ICICI Bank (4.07%) and TCS (3.72%).