HDFC Flexi Cap Fund
- NAV as on 24 Sep 2026
- ₹2,004.65-1.87%1 day
- Return since launch
- 18.5%
- 52-week range
- ₹1,817.59 — ₹2,100.15
- AUM
- ₹1,13,606 Cr
HDFC Flexi Cap Fund is a Flexi Cap equity fund from HDFC Mutual Fund with ₹1,13,606 Cr under management, launched in 1994. Over three years it has returned 6.8% a year, against 11.4% for its category. The expense ratio is 1.37% and the SEBI riskometer reading is Very High.
Performance
HDFC Flexi Cap Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned -1.2% against -1.8% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | -1.9% | −2.9 pts | 1.1% | -0.6% |
| 2Y | 2.2% | −0.7 pts | 2.9% | 0.7% |
| 3Y | 6.8% | −4.6 pts | 11.4% | 3.6% |
| 5Y | 13.8% | +4.1 pts | 9.8% | 9.0% |
| 7Y | 17.9% | +4.7 pts | 13.2% | 11.8% |
| 10Y | 16.2% | +3.4 pts | 12.8% | 11.5% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -3.9% | −0.4 pts | -3.5% | -3.6% |
| 3M | -0.5% | −0.8 pts | 0.3% | -0.1% |
| 6M | 5.9% | −3.8 pts | 9.7% | 8.7% |
| 1Y | -1.2% | −2.3 pts | 1.1% | -1.8% |
| 2Y | 0.8% | +2.5 pts | -1.6% | -3.2% |
| 3Y | 14.6% | +3.2 pts | 11.4% | 10.0% |
| 5Y | 15.7% | +5.9 pts | 9.8% | 8.7% |
| 7Y | 17.7% | +3.1 pts | 14.5% | 12.6% |
| 10Y | 14.8% | +2.0 pts | 12.8% | 10.9% |
Since launch (8 Dec 1994): 18.5%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 11.4% | +7.2 pts | 4.2% |
| 2024 | 23.3% | +1.5 pts | 21.8% |
| 2023 | 30.6% | +0.9 pts | 29.7% |
| 2022 | 18.3% | +16.6 pts | 1.7% |
| 2021 | 36.2% | +1.8 pts | 34.4% |
| 2020 | 6.4% | −12.6 pts | 19.0% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
1.37%
Expense ratio as on 16 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.08%
- Brokerage
- 0.02%
- Transaction charges
- 0.01%
- Statutory levies
- 0.26%
- Exit load
- Exit load of 1% if redeemed within 1 year
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY 500 TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 5.19 | 5.64 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.82 | 1.04 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.84 | 0.74 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.98 | 0.98 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 12.88 | 17.32 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
HDFC Flexi Cap Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity94.9%
- Debt0.4%
- Other4.7%
Market cap split
- Large74.2%
- Mid15.7%
- Small10.1%
- P/E
- 24.81
- P/B
- 3.53
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 9.19% | ₹10,445 Cr | +8.83% | +8.78% | +9.21% |
| Axis Bank Ltd. | Financial | 6.19% | ₹7,034 Cr | +6.84% | +7.44% | +6.89% |
| HDFC Bank Ltd. | Financial | 5.71% | ₹6,491 Cr | +6.48% | +7.25% | +8.36% |
| State Bank of India | Financial | 4.16% | ₹4,725 Cr | +4.22% | +5.26% | +4.21% |
| Eternal Ltd. | Services | 3.39% | ₹3,847 Cr | +2.73% | +1.49% | — |
| Kotak Mahindra Bank Ltd. | Financial | 3.27% | ₹3,710 Cr | +3.43% | +3.76% | +4.19% |
| SBI Life Insurance Company Ltd. | Insurance | 3.19% | ₹3,622 Cr | +3.76% | +4.06% | +4.41% |
| Larsen & Toubro Ltd. | Construction | 3.16% | ₹3,591 Cr | +3.55% | +2.85% | +0.86% |
| Interglobe Aviation Ltd. | Services | 2.98% | ₹3,383 Cr | +2.79% | +1.87% | +1.38% |
| Maruti Suzuki India Ltd. | Automobile | 2.74% | ₹3,107 Cr | +2.91% | +2.96% | +4.51% |
| Bharti Airtel Ltd. | Communication | 2.58% | ₹2,935 Cr | +2.96% | +3.06% | +2.54% |
| HCL Technologies Ltd. | Technology | 2.48% | ₹2,823 Cr | +2.47% | +2.94% | +2.93% |
| Others | Others | 2.47% | ₹2,806 Cr | +0.09% | +0.06% | -1.78% |
| Cipla Ltd. | Healthcare | 2.47% | ₹2,805 Cr | +2.89% | +2.82% | +4.07% |
| Eicher Motors Ltd. | Automobile | 2.44% | ₹2,774 Cr | +2.46% | +2.55% | +2.38% |
| Power Grid Corporation Of India Ltd. | Energy | 2.04% | ₹2,316 Cr | +2.51% | +2.71% | +2.02% |
| Hyundai Motor India Ltd. | Automobile | 1.75% | ₹1,985 Cr | +1.70% | +1.94% | +2.70% |
| Nexus Select Trust | Construction | 1.62% | ₹1,846 Cr | +1.68% | — | +1.99% |
| Divi's Laboratories Ltd. | Healthcare | 1.58% | ₹1,793 Cr | +1.18% | +0.83% | — |
| PB Fintech Ltd. | Services | 1.52% | ₹1,722 Cr | +1.18% | +0.66% | — |
| Max Healthcare Institute Ltd. | Healthcare | 1.49% | ₹1,694 Cr | +1.38% | +0.59% | — |
| JSW Steel Ltd. | Metals & Mining | 1.45% | ₹1,643 Cr | +1.72% | +1.79% | +1.78% |
| Piramal Pharma Ltd. | Healthcare | 1.44% | ₹1,639 Cr | +1.53% | +1.40% | +2.01% |
| Reliance Industries Ltd. | Energy | 1.44% | ₹1,633 Cr | +2.01% | — | — |
| Bosch Ltd. | Automobile | 1.34% | ₹1,525 Cr | +1.10% | +1.11% | +1.56% |
| Persistent Systems Ltd. | Technology | 1.34% | ₹1,523 Cr | +1.25% | +1.01% | — |
| Lupin Ltd. | Healthcare | 0.94% | ₹1,070 Cr | +0.74% | +0.96% | +0.97% |
| Varroc Engineering Ltd. | Automobile | 0.88% | ₹1,002 Cr | +0.60% | +0.55% | +0.52% |
| Tata Steel Ltd. | Metals & Mining | 0.88% | ₹997 Cr | +1.30% | -0.03% | +1.55% |
| company:7002 | Materials | 0.87% | ₹988 Cr | — | — | — |
| TVS Motor Company Ltd. | Automobile | 0.85% | ₹970 Cr | +0.29% | — | — |
| Aster DM Quality Care Ltd. | Healthcare | 0.81% | ₹924 Cr | +0.64% | +0.07% | — |
| United Spirits Ltd. | Consumer Staples | 0.75% | ₹855 Cr | +0.72% | +0.79% | +0.68% |
| FSN E-Commerce Ventures Ltd. | Services | 0.75% | ₹849 Cr | +0.80% | +0.82% | +1.02% |
| Dr. Lal Pathlabs Ltd. | Healthcare | 0.71% | ₹808 Cr | +0.66% | +0.58% | +0.85% |
| Lenskart Solutions Ltd. | Consumer Discretionary | 0.70% | ₹800 Cr | +0.51% | — | — |
| Britannia Industries Ltd. | Consumer Staples | 0.70% | ₹792 Cr | +0.77% | — | — |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 0.68% | ₹768 Cr | +0.58% | +0.56% | +0.72% |
| Bharat Electronics Ltd. | Capital Goods | 0.62% | ₹707 Cr | +0.02% | — | — |
| Anthem Biosciences Ltd. | Healthcare | 0.61% | ₹694 Cr | +0.57% | — | — |
| ACME Solar Holdings Ltd. | Energy | 0.57% | ₹647 Cr | — | — | — |
| Vishal Mega Mart Ltd. | Services | 0.57% | ₹646 Cr | +0.70% | +0.67% | — |
| Embassy Office Parks REIT | Construction | 0.57% | ₹645 Cr | +0.55% | +0.55% | +0.66% |
| Kalpataru Projects International Ltd. | Capital Goods | 0.56% | ₹640 Cr | +0.59% | +0.49% | +0.50% |
| Craftsman Automation Ltd. | Automobile | 0.56% | ₹631 Cr | — | — | — |
| JSW Infrastructure Ltd. | Services | 0.55% | ₹627 Cr | — | — | — |
| Havells India Ltd. | Capital Goods | 0.54% | ₹610 Cr | +0.57% | +0.68% | +0.84% |
| Infosys Ltd. | Technology | 0.54% | ₹610 Cr | +1.32% | +1.73% | +1.43% |
| Neuland Laboratories Ltd. | Healthcare | 0.52% | ₹587 Cr | +0.12% | — | — |
| Adani Enterprises Ltd. | Services | 0.51% | ₹580 Cr | — | — | — |
| Nuvoco Vistas Corporation Ltd. | Materials | 0.49% | ₹561 Cr | +0.60% | +0.57% | +0.83% |
| Prestige Estates Projects Ltd. | Construction | 0.48% | ₹549 Cr | +0.45% | — | — |
| Hexaware Technologies Ltd. | Technology | 0.48% | ₹544 Cr | +0.03% | — | — |
| Bajaj Auto Ltd. | Automobile | 0.46% | ₹524 Cr | +1.78% | +1.99% | +2.11% |
| Ashok Leyland Ltd. | Automobile | 0.46% | ₹522 Cr | +0.34% | +0.43% | +0.34% |
| ICICI Prudential Asset Management Company Ltd. | Unclassified | 0.46% | ₹521 Cr | +0.12% | — | — |
| BSE Ltd. | Services | 0.45% | ₹515 Cr | +0.44% | +0.29% | — |
| CORONA Remedies Ltd. | Healthcare | 0.42% | ₹478 Cr | — | — | — |
| Sapphire Foods India Ltd. | Services | 0.41% | ₹469 Cr | +0.36% | +0.41% | +0.80% |
| Nippon Life India Asset Management Ltd. | Financial | 0.38% | ₹437 Cr | +0.05% | — | — |
| SBI Funds Management Ltd. | Financial | 0.38% | ₹434 Cr | — | — | — |
| Dixon Technologies (India) Ltd. | Capital Goods | 0.35% | ₹394 Cr | +0.72% | +0.35% | — |
| CIE Automotive India Ltd. | Metals & Mining | 0.34% | ₹391 Cr | +0.44% | +0.47% | +0.47% |
| Metropolis Healthcare Ltd. | Healthcare | 0.33% | ₹379 Cr | +0.35% | +0.31% | +0.43% |
| Escorts Kubota Ltd. | Automobile | 0.32% | ₹359 Cr | +0.34% | +0.42% | +0.56% |
| The Ramco Cements Ltd. | Materials | 0.31% | ₹349 Cr | +0.34% | +0.45% | +0.45% |
| Crompton Greaves Consumer Electricals Ltd. | Consumer Discretionary | 0.30% | ₹342 Cr | +0.40% | +0.37% | +0.58% |
| Restaurant Brands Asia Ltd. | Services | 0.29% | ₹329 Cr | +0.23% | +0.21% | +0.30% |
| company:5765 | Insurance | 0.29% | ₹324 Cr | — | — | — |
| Swiggy Ltd. | Services | 0.27% | ₹306 Cr | +0.27% | +0.33% | +0.60% |
| Biocon Ltd. | Healthcare | 0.26% | ₹301 Cr | — | — | — |
| company:1333 | Consumer Staples | 0.26% | ₹299 Cr | — | — | — |
| Oil And Natural Gas Corporation Ltd. | Energy | 0.26% | ₹297 Cr | +0.58% | +1.53% | +1.00% |
| GOI | Sovereign | 0.26% | ₹294 Cr | +0.29% | +0.30% | +0.36% |
| JK Lakshmi Cement Ltd. | Materials | 0.23% | ₹265 Cr | +0.29% | +0.36% | +0.48% |
| Ather Energy Ltd. | Automobile | 0.23% | ₹264 Cr | — | — | — |
| Hindustan Petroleum Corporation Ltd. | Energy | 0.23% | ₹257 Cr | +0.25% | — | — |
| company:20242 | Healthcare | 0.21% | ₹243 Cr | — | — | — |
| Diamond Power Infrastructure Ltd. | Capital Goods | 0.21% | ₹242 Cr | — | — | — |
| ABB India Ltd. | Capital Goods | 0.12% | ₹136 Cr | 0.00% | — | — |
| company:20327 | Automobile | 0.10% | ₹115 Cr | — | — | — |
| Bank Of Baroda | Financial | 0.08% | ₹91.87 Cr | +0.69% | +1.67% | +1.42% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:7002 | 0.00% | 0.87% | +0.87% |
| HDFC Bank Ltd. | 6.11% | 5.71% | -0.39% |
| SBI Life Insurance Company Ltd. | 3.56% | 3.19% | -0.37% |
| Cyient Ltd. | 0.36% | 0.00% | -0.36% |
| Bharti Airtel Ltd. | 2.94% | 2.58% | -0.35% |
| Dixon Technologies (India) Ltd. | 0.34% | 0.03% | -0.31% |
| company:5765 | 0.00% | 0.29% | +0.29% |
| Bank Of Baroda | 0.35% | 0.08% | -0.27% |
| ICICI Prudential Asset Management Company Ltd. | 0.20% | 0.46% | +0.26% |
| company:1333 | 0.00% | 0.26% | +0.26% |
| Neuland Laboratories Ltd. | 0.27% | 0.52% | +0.25% |
| Infosys Ltd. | 0.76% | 0.54% | -0.23% |
| Oil And Natural Gas Corporation Ltd. | 0.49% | 0.26% | -0.22% |
| Power Grid Corporation Of India Ltd. | 2.26% | 2.04% | -0.22% |
| company:20242 | 0.00% | 0.21% | +0.21% |
| Tata Steel Ltd. | 1.09% | 0.88% | -0.21% |
| Bosch Ltd. | 1.13% | 1.34% | +0.21% |
| Lenskart Solutions Ltd. | 0.50% | 0.70% | +0.20% |
| Divi's Laboratories Ltd. | 1.38% | 1.58% | +0.20% |
| PB Fintech Ltd. | 1.33% | 1.52% | +0.19% |
| Axis Bank Ltd. | 6.01% | 6.19% | +0.18% |
| Cipla Ltd. | 2.65% | 2.47% | -0.18% |
| Varroc Engineering Ltd. | 0.72% | 0.88% | +0.16% |
| Maruti Suzuki India Ltd. | 2.90% | 2.74% | -0.16% |
| Others | 0.08% | -0.08% | -0.16% |
| Aster DM Quality Care Ltd. | 0.67% | 0.81% | +0.15% |
| Kotak Mahindra Bank Ltd. | 3.12% | 3.27% | +0.15% |
| Reliance Industries Ltd. | 1.56% | 1.44% | -0.12% |
| company:20327 | 0.00% | 0.10% | +0.10% |
| HCL Technologies Ltd. | 2.58% | 2.48% | -0.10% |
| Apollo Hospitals Enterprise Ltd. | 0.59% | 0.68% | +0.09% |
| Restaurant Brands Asia Ltd. | 0.20% | 0.29% | +0.09% |
| Bajaj Auto Ltd. | 0.55% | 0.46% | -0.09% |
| Sapphire Foods India Ltd. | 0.33% | 0.41% | +0.08% |
| Hexaware Technologies Ltd. | 0.41% | 0.48% | +0.07% |
| TVS Motor Company Ltd. | 0.79% | 0.85% | +0.06% |
| BSE Ltd. | 0.52% | 0.45% | -0.06% |
| Piramal Pharma Ltd. | 1.38% | 1.44% | +0.06% |
| Nippon Life India Asset Management Ltd. | 0.33% | 0.38% | +0.06% |
| Ather Energy Ltd. | 0.18% | 0.23% | +0.06% |
| Nuvoco Vistas Corporation Ltd. | 0.55% | 0.49% | -0.05% |
| Embassy Office Parks REIT | 0.51% | 0.57% | +0.05% |
| Craftsman Automation Ltd. | 0.50% | 0.56% | +0.05% |
| ACME Solar Holdings Ltd. | 0.53% | 0.57% | +0.04% |
| Adani Enterprises Ltd. | 0.55% | 0.51% | -0.04% |
| Britannia Industries Ltd. | 0.74% | 0.70% | -0.04% |
| Interglobe Aviation Ltd. | 3.02% | 2.98% | -0.04% |
| Crompton Greaves Consumer Electricals Ltd. | 0.34% | 0.30% | -0.04% |
| SBI Funds Management Ltd. | 0.35% | 0.38% | +0.04% |
| Nexus Select Trust | 1.66% | 1.62% | -0.03% |
| United Spirits Ltd. | 0.79% | 0.75% | -0.03% |
| Max Healthcare Institute Ltd. | 1.46% | 1.49% | +0.03% |
| JSW Infrastructure Ltd. | 0.52% | 0.55% | +0.03% |
| Kalpataru Projects International Ltd. | 0.53% | 0.56% | +0.03% |
| Jupiter Life Line Hospitals Ltd. | 0.03% | 0.00% | -0.03% |
| Hyundai Motor India Ltd. | 1.77% | 1.75% | -0.03% |
| Eicher Motors Ltd. | 2.47% | 2.44% | -0.03% |
| Eternal Ltd. | 3.36% | 3.39% | +0.02% |
| Bharat Electronics Ltd. | 0.60% | 0.62% | +0.02% |
| CIE Automotive India Ltd. | 0.37% | 0.34% | -0.02% |
| State Bank of India | 4.14% | 4.16% | +0.02% |
| The Ramco Cements Ltd. | 0.33% | 0.31% | -0.02% |
| JK Lakshmi Cement Ltd. | 0.25% | 0.23% | -0.02% |
| Havells India Ltd. | 0.56% | 0.54% | -0.02% |
| Lupin Ltd. | 0.96% | 0.94% | -0.02% |
| CORONA Remedies Ltd. | 0.44% | 0.42% | -0.02% |
| Hindustan Petroleum Corporation Ltd. | 0.25% | 0.23% | -0.02% |
| Escorts Kubota Ltd. | 0.33% | 0.32% | -0.02% |
| FSN E-Commerce Ventures Ltd. | 0.73% | 0.75% | +0.02% |
| Biocon Ltd. | 0.28% | 0.26% | -0.02% |
| ICICI Bank Ltd. | 9.21% | 9.19% | -0.02% |
| Ashok Leyland Ltd. | 0.45% | 0.46% | +0.01% |
| Persistent Systems Ltd. | 1.35% | 1.34% | -0.01% |
| Swiggy Ltd. | 0.28% | 0.27% | -0.01% |
| Diamond Power Infrastructure Ltd. | 0.20% | 0.21% | +0.01% |
| Metropolis Healthcare Ltd. | 0.34% | 0.33% | -0.01% |
| Prestige Estates Projects Ltd. | 0.49% | 0.48% | -0.01% |
| Dr. Lal Pathlabs Ltd. | 0.72% | 0.71% | -0.01% |
| GOI | 0.27% | 0.26% | -0.01% |
| JSW Steel Ltd. | 1.44% | 1.45% | +0.01% |
| Vishal Mega Mart Ltd. | 0.57% | 0.57% | 0.00% |
| Larsen & Toubro Ltd. | 3.16% | 3.16% | 0.00% |
| ABB India Ltd. | 0.12% | 0.12% | 0.00% |
| Anthem Biosciences Ltd. | 0.61% | 0.61% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹5,332 Cr | 2.22% | 12.3% | 9.9% | 15.5% |
| ₹14,160 Cr | 2.05% | 12.8% | 9.6% | 14.9% | |
| ₹5,709 Cr | 2.07% | 5.4% | 8.0% | — | |
| ₹2,953 Cr | 2.25% | 13.1% | 10.6% | 16.0% | |
| ₹2,250 Cr | 2.38% | 14.6% | 10.1% | — | |
| ₹1,588 Cr | 2.34% | 15.8% | 11.6% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate capital appreciation / income from a portfolio, predominantly invested in equity & equity related instruments.
Fund managers
- Amit GanatraMr. Ganatra holds a Commerce degree and is a Charted Accountant. He is also a Chartered Financial Analyst from AIMR.Prior to joining the HDFC AMC, he has worked with Invesco Asset Management (India) Pvt. Ltd, HDFC Mutual Fund, DBS Cholamandalam AMC Pvt. Ltd. and Fidelity.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months5.87% absolute | ₹60,000 | ₹63,522 | 5.87% | |
| 1 year−1.23% annualised | ₹1,20,000 | ₹1,19,203 | −0.66% | |
| 3 years14.58% annualised | ₹3,60,000 | ₹4,53,675 | 26.02% | |
| 5 years15.65% annualised | ₹6,00,000 | ₹9,13,406 | 52.23% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.