Nuvama Flexicap Equity Fund AIF: Returns, Portfolio & Fees

AIF · Equity · CAT III - LONG SHORT

Nuvama Flexicap Equity Fund

Fund size₹182 Cr

IRRSince inception14.93%

1Y return20.05%

Fund age20 mo

Fund Manager

Ajay Vora

Fund Manager, PMS, NUVAMA

Mr. Ajay Vora has over a 15 years of investment management experience specialising in long only and long short equity strategies consistently generating alpha returns. Prior to joining Investment Manager he was heading Equity Investment team at Reliance Industries’ Treasury managing approx. USD $1 billion portfolio. With the help of an efficient team he managed to scale the portfolio from USD $200 million to USD $1 billion over 5 years. He started his career at Morgan Stanley as a materials sector analyst and then moved to ENAM Asset Management Company Private Limited (ENAM AMC). Over 6 years at ENAM AMC he managed to graduate from an analyst to Head of Research of fund with AUM of USD $1 billion. He was instrumental and part of core team to have managed to raise institutional money at ENAM AMC.

Managing AUM₹2,979 Cr

Growth of₹Cr

Nuvama Flexicap Equity

Returns: How it has done

Scheme / Benchmark	YTD	1Y	2Y	3Y	5Y	Since inception
Nuvama Flexicap Equity	12.58%	20.05%	—	—	—	14.93%
Nifty 500	−1.07%	2.98%	—	—	—	2.68%
Excess over benchmark	13.65%	17.07%	—	—	—	12.25%

Returns up to one year are absolute; two years and above are annualised (CAGR). YTD is calendar-year-to-date. As on 31 Jul 2026.

Risk : What you take on to earn the return

Volatility

25.95%

Benchmark approx 15.96%

A standard deviation reflecting historical swings.

Sensitivity

1.37

Beta vs benchmark 1.00 · 37% more reactive

How strongly the scheme moves with the index.

Risk-reward

0.62

Sharpe

Excess return gained per unit of volatility.

How far below its previous high it fell

Over the trailing 1Y window the scheme fell −11.75%, and recovered on 30 Apr 2026.

Max drawdowns

−11.75%

Scheme Drawdown Trajectory

Drawdown analysis	Peak	Trough	Depth	Fell over	Recovered	Recovery took
Scheme	–	–	−11.75%	–	30 Apr 2026	–
Benchmark	31 Jul 2025	30 Mar 2026	−14.69%	242 days	–	–

Scheme

Peak–

Trough–

Depth−11.75%

Fell over–

Recovered30 Apr 2026

Recovery took–

Benchmark

Peak31 Jul 2025

Trough30 Mar 2026

Depth−14.69%

Fell over242 days

Recovered–

Recovery took–

The benchmark's peak, trough and recovery are read off its month-end curve; the scheme's row is measured on daily NAV. · Risk and drawdown use a trailing 1Y window · As on 31 Jul 2026

Fees

A fixed plan is cheaper when returns are strong. A performance plan costs less in lean years and shares the upside only when the fund beats a hurdle. Both cost the same at a 13.33% gross return.

FixedPlan A · Simple

Fixed Management Fee2.50% / yr

Performance FeeNone

Hurdle RateNot applicable

VariablePlan B · Shared upside

Fixed Management Fee2.00% / yr

Performance Fee15% of profit

Hurdle RateAbove 10%

Lock-in: Nil.

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