HDFC Flexi Cap Fund
- NAV as on 9 Nov 2026
- ₹2,127.72+0.42%1 day
- Return since launch
- 18.6%
- 52-week range
- ₹1,817.59 — ₹2,118.85
- AUM
- ₹1,08,547 Cr
HDFC Flexi Cap Fund is a Flexi Cap equity fund from HDFC Mutual Fund with ₹1,08,547 Cr under management, launched in 1994. Over three years it has returned 9.6% a year, against 12.4% for its category. The expense ratio is 1.35% 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 +3.3% against -0.6% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 10.6% | +7.8 pts | 2.8% | 6.2% |
| 2Y | 8.1% | +1.7 pts | 6.4% | 4.0% |
| 3Y | 9.6% | −2.9 pts | 12.4% | 4.8% |
| 5Y | 15.2% | +5.3 pts | 9.9% | 9.5% |
| 7Y | 18.7% | +5.2 pts | 13.5% | 11.9% |
| 10Y | 16.9% | +3.5 pts | 13.3% | 11.7% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 9.2% | +3.4 pts | 5.8% | 5.9% |
| 3M | 1.9% | +2.5 pts | -0.5% | -0.7% |
| 6M | 9.3% | +3.2 pts | 6.0% | 5.4% |
| 1Y | 3.6% | +0.8 pts | 2.8% | -0.3% |
| 2Y | 6.3% | +3.0 pts | 3.3% | 1.6% |
| 3Y | 16.6% | +4.2 pts | 12.4% | 10.9% |
| 5Y | 15.7% | +5.8 pts | 9.9% | 8.7% |
| 7Y | 18.0% | +3.4 pts | 14.6% | 12.6% |
| 10Y | 15.3% | +2.0 pts | 13.3% | 11.4% |
Since launch (8 Dec 1994): 18.6%
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
1.36%
Expense ratio as on 4 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.08%
- Brokerage
- 0.02%
- Transaction charges
- 0.00%
- 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 | 5.15 | 5.51 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.83 | 1.05 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.70 | 0.60 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.81 | 0.85 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 13.38 | 18.05 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
HDFC Flexi Cap Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity95.0%
- Debt0.5%
- Other4.6%
Market cap split
- Large73.6%
- Mid15.7%
- Small10.7%
- P/E
- 23.55
- P/B
- 3.35
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 8.80% | ₹9,547 Cr | +9.18% | +8.82% | +9.14% |
| Axis Bank Ltd. | Financial | 6.11% | ₹6,633 Cr | +6.84% | +6.87% | +7.14% |
| HDFC Bank Ltd. | Financial | 6.03% | ₹6,545 Cr | +6.77% | +7.04% | +8.34% |
| State Bank of India | Financial | 3.94% | ₹4,277 Cr | +4.30% | +4.75% | +4.38% |
| Eternal Ltd. | Services | 3.46% | ₹3,752 Cr | +3.05% | +2.09% | — |
| Kotak Mahindra Bank Ltd. | Financial | 3.40% | ₹3,693 Cr | +3.26% | +3.52% | +4.24% |
| SBI Life Insurance Company Ltd. | Insurance | 3.25% | ₹3,531 Cr | +3.47% | +3.89% | +4.19% |
| Larsen & Toubro Ltd. | Construction | 3.08% | ₹3,338 Cr | +3.45% | +3.09% | +1.01% |
| Interglobe Aviation Ltd. | Services | 2.99% | ₹3,251 Cr | +3.26% | +2.16% | +1.31% |
| Bharti Airtel Ltd. | Communication | 2.62% | ₹2,846 Cr | +2.87% | +3.19% | +2.41% |
| Maruti Suzuki India Ltd. | Automobile | 2.57% | ₹2,793 Cr | +2.99% | +2.83% | +4.12% |
| Cipla Ltd. | Healthcare | 2.47% | ₹2,679 Cr | +2.80% | +2.81% | +3.69% |
| HCL Technologies Ltd. | Technology | 2.44% | ₹2,646 Cr | +2.14% | +3.12% | +2.87% |
| Eicher Motors Ltd. | Automobile | 2.30% | ₹2,494 Cr | +2.32% | +2.51% | +2.62% |
| Others | Others | 2.28% | ₹2,502 Cr | +0.14% | -1.50% | -0.24% |
| Power Grid Corporation Of India Ltd. | Energy | 2.11% | ₹2,289 Cr | +2.39% | +2.95% | +2.23% |
| Nexus Select Trust | Construction | 1.70% | ₹1,840 Cr | +1.69% | +1.82% | +2.13% |
| Hyundai Motor India Ltd. | Automobile | 1.68% | ₹1,828 Cr | +1.61% | +1.75% | +2.72% |
| Divi's Laboratories Ltd. | Healthcare | 1.62% | ₹1,760 Cr | +1.11% | +1.12% | — |
| Max Healthcare Institute Ltd. | Healthcare | 1.46% | ₹1,589 Cr | +1.56% | +1.42% | — |
| JSW Steel Ltd. | Metals & Mining | 1.45% | ₹1,575 Cr | +1.53% | +1.75% | +1.90% |
| Reliance Industries Ltd. | Energy | 1.40% | ₹1,518 Cr | +1.97% | +1.88% | — |
| Piramal Pharma Ltd. | Healthcare | 1.37% | ₹1,484 Cr | +1.42% | +1.35% | +2.01% |
| Persistent Systems Ltd. | Technology | 1.32% | ₹1,437 Cr | +1.10% | +1.20% | — |
| Bosch Ltd. | Automobile | 1.30% | ₹1,411 Cr | +1.14% | +0.96% | +1.36% |
| PB Fintech Ltd. | Services | 1.12% | ₹1,213 Cr | +1.25% | +0.89% | — |
| TVS Motor Company Ltd. | Automobile | 0.96% | ₹1,041 Cr | +0.42% | — | — |
| Varroc Engineering Ltd. | Automobile | 0.92% | ₹996 Cr | +0.64% | +0.55% | +0.62% |
| Lupin Ltd. | Healthcare | 0.91% | ₹993 Cr | +0.84% | +1.06% | +0.94% |
| Tata Steel Ltd. | Metals & Mining | 0.88% | ₹950 Cr | +1.12% | +1.59% | +1.62% |
| Ultratech Cement Ltd. | Materials | 0.87% | ₹946 Cr | — | — | — |
| Lenskart Solutions Ltd. | Consumer Discretionary | 0.85% | ₹923 Cr | +0.48% | — | — |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 0.79% | ₹861 Cr | +0.59% | +0.59% | +0.56% |
| Aster DM Quality Care Ltd. | Healthcare | 0.79% | ₹853 Cr | +0.66% | +0.23% | — |
| Dr. Lal Pathlabs Ltd. | Healthcare | 0.76% | ₹830 Cr | +0.65% | +0.60% | +0.73% |
| FSN E-Commerce Ventures Ltd. | Services | 0.72% | ₹778 Cr | +0.80% | +0.80% | +0.98% |
| United Spirits Ltd. | Consumer Staples | 0.72% | ₹777 Cr | +0.73% | +0.77% | +0.67% |
| Britannia Industries Ltd. | Consumer Staples | 0.67% | ₹729 Cr | +0.73% | — | — |
| BSE Ltd. | Services | 0.65% | ₹711 Cr | +0.40% | +0.32% | — |
| ACME Solar Holdings Ltd. | Energy | 0.64% | ₹692 Cr | +0.58% | — | — |
| Bharat Electronics Ltd. | Capital Goods | 0.62% | ₹668 Cr | +0.35% | — | — |
| JSW Infrastructure Ltd. | Services | 0.61% | ₹657 Cr | +0.56% | — | — |
| Anthem Biosciences Ltd. | Healthcare | 0.59% | ₹635 Cr | +0.60% | +0.54% | — |
| Embassy Office Parks REIT | Construction | 0.59% | ₹639 Cr | +0.53% | +0.60% | +0.69% |
| Kalpataru Projects International Ltd. | Capital Goods | 0.58% | ₹631 Cr | +0.59% | +0.50% | +0.59% |
| Neuland Laboratories Ltd. | Healthcare | 0.55% | ₹595 Cr | +0.17% | — | — |
| Nuvoco Vistas Corporation Ltd. | Materials | 0.55% | ₹594 Cr | +0.50% | +0.54% | +0.86% |
| Adani Enterprises Ltd. | Services | 0.54% | ₹589 Cr | — | — | — |
| Craftsman Automation Ltd. | Automobile | 0.54% | ₹587 Cr | +0.50% | — | — |
| Hexaware Technologies Ltd. | Technology | 0.54% | ₹585 Cr | +0.29% | — | — |
| Vishal Mega Mart Ltd. | Services | 0.54% | ₹590 Cr | +0.65% | +0.67% | — |
| ICICI Prudential Asset Management Company Ltd. | Financial | 0.50% | ₹546 Cr | +0.11% | — | — |
| Bajaj Auto Ltd. | Automobile | 0.48% | ₹523 Cr | +1.30% | +1.92% | +2.03% |
| Havells India Ltd. | Capital Goods | 0.46% | ₹498 Cr | +0.53% | +0.64% | +0.79% |
| Infosys Ltd. | Technology | 0.46% | ₹497 Cr | +0.82% | +1.83% | +1.35% |
| Nippon Life India Asset Management Ltd. | Financial | 0.46% | ₹494 Cr | +0.27% | — | — |
| Prestige Estates Projects Ltd. | Construction | 0.46% | ₹498 Cr | +0.49% | — | — |
| CORONA Remedies Ltd. | Healthcare | 0.45% | ₹488 Cr | +0.43% | — | — |
| Ashok Leyland Ltd. | Automobile | 0.42% | ₹459 Cr | +0.44% | +0.35% | +0.37% |
| SBI Funds Management Ltd. | Financial | 0.39% | ₹424 Cr | — | — | — |
| Sapphire Foods India Ltd. | Services | 0.39% | ₹424 Cr | +0.34% | +0.33% | +0.69% |
| CIE Automotive India Ltd. | Metals & Mining | 0.36% | ₹386 Cr | +0.43% | +0.49% | +0.47% |
| Dixon Technologies (India) Ltd. | Capital Goods | 0.32% | ₹349 Cr | +0.30% | +0.33% | — |
| Metropolis Healthcare Ltd. | Healthcare | 0.32% | ₹352 Cr | +0.33% | +0.31% | +0.39% |
| The Ramco Cements Ltd. | Materials | 0.31% | ₹335 Cr | +0.35% | +0.40% | +0.44% |
| Escorts Kubota Ltd. | Automobile | 0.30% | ₹326 Cr | +0.33% | +0.36% | +0.48% |
| Crompton Greaves Consumer Electricals Ltd. | Consumer Discretionary | 0.28% | ₹303 Cr | +0.37% | +0.35% | +0.49% |
| Life Insurance Corporation of India | Insurance | 0.28% | ₹306 Cr | — | — | — |
| Molbio Diagnostics Ltd. | Healthcare | 0.28% | ₹301 Cr | — | — | — |
| Restaurant Brands Asia Ltd. | Services | 0.28% | ₹307 Cr | +0.25% | +0.21% | +0.28% |
| Apar Industries Ltd. | Consumer Staples | 0.27% | ₹294 Cr | — | — | — |
| GOI | Sovereign | 0.27% | ₹292 Cr | +0.28% | +0.32% | +0.35% |
| Oil And Natural Gas Corporation Ltd. | Energy | 0.27% | ₹289 Cr | +0.49% | +1.36% | +1.28% |
| Ather Energy Ltd. | Automobile | 0.25% | ₹273 Cr | — | — | — |
| Biocon Ltd. | Healthcare | 0.25% | ₹270 Cr | — | — | — |
| Swiggy Ltd. | Services | 0.25% | ₹271 Cr | +0.24% | +0.31% | +0.52% |
| ABB India Ltd. | Capital Goods | 0.24% | ₹259 Cr | +0.09% | — | — |
| Diamond Power Infrastructure Ltd. | Capital Goods | 0.23% | ₹246 Cr | — | — | — |
| Hindustan Petroleum Corporation Ltd. | Energy | 0.23% | ₹246 Cr | +0.24% | — | — |
| JK Lakshmi Cement Ltd. | Materials | 0.23% | ₹246 Cr | +0.28% | +0.31% | +0.44% |
| Rubicon Research Ltd. | Healthcare | 0.20% | ₹218 Cr | — | — | — |
| Mphasis Ltd. | Technology | 0.17% | ₹187 Cr | — | — | — |
| Tenneco Clean Air India Ltd | Automobile | 0.10% | ₹110 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Others | -0.08% | -0.53% | -0.45% |
| PB Fintech Ltd. | 1.52% | 1.12% | -0.40% |
| ICICI Bank Ltd. | 9.19% | 8.80% | -0.39% |
| HDFC Bank Ltd. | 5.71% | 6.03% | +0.32% |
| Dixon Technologies (India) Ltd. | 0.03% | 0.32% | +0.29% |
| Molbio Diagnostics Ltd. | 0.00% | 0.28% | +0.28% |
| State Bank of India | 4.16% | 3.94% | -0.22% |
| BSE Ltd. | 0.45% | 0.65% | +0.20% |
| Mphasis Ltd. | 0.00% | 0.17% | +0.17% |
| Maruti Suzuki India Ltd. | 2.74% | 2.57% | -0.17% |
| Lenskart Solutions Ltd. | 0.70% | 0.85% | +0.15% |
| Eicher Motors Ltd. | 2.44% | 2.30% | -0.14% |
| Kotak Mahindra Bank Ltd. | 3.27% | 3.40% | +0.13% |
| ABB India Ltd. | 0.12% | 0.24% | +0.12% |
| Apollo Hospitals Enterprise Ltd. | 0.68% | 0.79% | +0.11% |
| TVS Motor Company Ltd. | 0.85% | 0.96% | +0.11% |
| Axis Bank Ltd. | 6.19% | 6.11% | -0.08% |
| Larsen & Toubro Ltd. | 3.16% | 3.08% | -0.08% |
| Bank Of Baroda | 0.08% | 0.00% | -0.08% |
| Havells India Ltd. | 0.54% | 0.46% | -0.08% |
| Infosys Ltd. | 0.54% | 0.46% | -0.08% |
| Nexus Select Trust | 1.62% | 1.70% | +0.08% |
| Nippon Life India Asset Management Ltd. | 0.38% | 0.46% | +0.08% |
| Eternal Ltd. | 3.39% | 3.46% | +0.07% |
| Piramal Pharma Ltd. | 1.44% | 1.37% | -0.07% |
| Power Grid Corporation Of India Ltd. | 2.04% | 2.11% | +0.07% |
| ACME Solar Holdings Ltd. | 0.57% | 0.64% | +0.07% |
| Hyundai Motor India Ltd. | 1.75% | 1.68% | -0.07% |
| SBI Life Insurance Company Ltd. | 3.19% | 3.25% | +0.06% |
| Hexaware Technologies Ltd. | 0.48% | 0.54% | +0.06% |
| JSW Infrastructure Ltd. | 0.55% | 0.61% | +0.06% |
| Nuvoco Vistas Corporation Ltd. | 0.49% | 0.55% | +0.06% |
| Dr. Lal Pathlabs Ltd. | 0.71% | 0.76% | +0.05% |
| HCL Technologies Ltd. | 2.48% | 2.44% | -0.04% |
| Bosch Ltd. | 1.34% | 1.30% | -0.04% |
| Divi's Laboratories Ltd. | 1.58% | 1.62% | +0.04% |
| ICICI Prudential Asset Management Company Ltd. | 0.46% | 0.50% | +0.04% |
| Ashok Leyland Ltd. | 0.46% | 0.42% | -0.04% |
| Varroc Engineering Ltd. | 0.88% | 0.92% | +0.04% |
| Reliance Industries Ltd. | 1.44% | 1.40% | -0.04% |
| Bharti Airtel Ltd. | 2.58% | 2.62% | +0.04% |
| Neuland Laboratories Ltd. | 0.52% | 0.55% | +0.03% |
| United Spirits Ltd. | 0.75% | 0.72% | -0.03% |
| Lupin Ltd. | 0.94% | 0.91% | -0.03% |
| Max Healthcare Institute Ltd. | 1.49% | 1.46% | -0.03% |
| Adani Enterprises Ltd. | 0.51% | 0.54% | +0.03% |
| Vishal Mega Mart Ltd. | 0.57% | 0.54% | -0.03% |
| CORONA Remedies Ltd. | 0.42% | 0.45% | +0.03% |
| FSN E-Commerce Ventures Ltd. | 0.75% | 0.72% | -0.03% |
| Britannia Industries Ltd. | 0.70% | 0.67% | -0.03% |
| Aster DM Quality Care Ltd. | 0.81% | 0.79% | -0.02% |
| Prestige Estates Projects Ltd. | 0.48% | 0.46% | -0.02% |
| Sapphire Foods India Ltd. | 0.41% | 0.39% | -0.02% |
| Embassy Office Parks REIT | 0.57% | 0.59% | +0.02% |
| Crompton Greaves Consumer Electricals Ltd. | 0.30% | 0.28% | -0.02% |
| Anthem Biosciences Ltd. | 0.61% | 0.59% | -0.02% |
| Persistent Systems Ltd. | 1.34% | 1.32% | -0.02% |
| Swiggy Ltd. | 0.27% | 0.25% | -0.02% |
| Bajaj Auto Ltd. | 0.46% | 0.48% | +0.02% |
| Diamond Power Infrastructure Ltd. | 0.21% | 0.23% | +0.02% |
| Ather Energy Ltd. | 0.23% | 0.25% | +0.02% |
| Escorts Kubota Ltd. | 0.32% | 0.30% | -0.02% |
| Kalpataru Projects International Ltd. | 0.56% | 0.58% | +0.02% |
| CIE Automotive India Ltd. | 0.34% | 0.36% | +0.02% |
| Craftsman Automation Ltd. | 0.56% | 0.54% | -0.02% |
| Biocon Ltd. | 0.26% | 0.25% | -0.01% |
| Rubicon Research Ltd. | 0.21% | 0.20% | -0.01% |
| Metropolis Healthcare Ltd. | 0.33% | 0.32% | -0.01% |
| Interglobe Aviation Ltd. | 2.98% | 2.99% | +0.01% |
| GOI | 0.26% | 0.27% | +0.01% |
| Restaurant Brands Asia Ltd. | 0.29% | 0.28% | -0.01% |
| Oil And Natural Gas Corporation Ltd. | 0.26% | 0.27% | +0.01% |
| SBI Funds Management Ltd. | 0.38% | 0.39% | +0.01% |
| Apar Industries Ltd. | 0.26% | 0.27% | +0.01% |
| Life Insurance Corporation of India | 0.29% | 0.28% | -0.01% |
| Hindustan Petroleum Corporation Ltd. | 0.23% | 0.23% | 0.00% |
| JK Lakshmi Cement Ltd. | 0.23% | 0.23% | 0.00% |
| JSW Steel Ltd. | 1.45% | 1.45% | 0.00% |
| The Ramco Cements Ltd. | 0.31% | 0.31% | 0.00% |
| Bharat Electronics Ltd. | 0.62% | 0.62% | 0.00% |
| Tata Steel Ltd. | 0.88% | 0.88% | 0.00% |
| Cipla Ltd. | 2.47% | 2.47% | 0.00% |
| Tenneco Clean Air India Ltd | 0.10% | 0.10% | 0.00% |
| Ultratech Cement Ltd. | 0.87% | 0.87% | 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 | ₹5,915 Cr | 2.17% | 16.4% | 10.3% | 15.1% |
| ₹13,446 Cr | 1.97% | 15.3% | 9.0% | 14.7% | |
| ₹5,488 Cr | 2.08% | 15.3% | 9.7% | — | |
| ₹3,137 Cr | 2.29% | 13.9% | 9.8% | 15.4% | |
| ₹1,588 Cr | 2.33% | 21.0% | 12.6% | — |
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 months9.27% absolute | ₹60,000 | ₹65,562 | 9.27% | |
| 1 year3.59% annualised | ₹1,20,000 | ₹1,22,359 | 1.97% | |
| 3 years16.65% annualised | ₹3,60,000 | ₹4,69,304 | 30.36% | |
| 5 years15.70% annualised | ₹6,00,000 | ₹9,14,697 | 52.45% |
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.