HDFC Flexi Cap Fund has delivered strong wealth creation for investors, emerging as the top performer in the flexi cap category over the last five years. The equity scheme has tripled investors’ money in five years and generated nearly five times the wealth over ten years. The fund has also delivered robust gains for investors investing through the SIP route. Its consistent performance has earned it 5-star ratings from both Value Research and Morningstar, placing it among the most highly rated funds in its category.
Strong 5-year performance beats benchmark
Over the last five years, the fund has delivered around 25% annualised returns in its direct plan, comfortably outperforming its benchmark, the Nifty 500 TRI.
5-year return (Direct Plan): 24.97% CAGR
5-year return (Regular Plan): 24.16% CAGR
Benchmark return: 17.19% CAGR
A lump sum investment of Rs 1 lakh made five years ago would now be worth about Rs 3.05 lakh, effectively tripling the investor’s money over the period.
SIP investors also saw solid wealth creation
The fund has been equally rewarding for investors who chose the SIP route.
Monthly SIP amount: Rs 10,000
Investment period: 5 years
Total amount invested: Rs 6 lakh
5-year SIP return: 21.69% annualised
At the end of five years, the SIP investment would have grown to Rs 10,27,815, turning a disciplined monthly investment into a seven-figure corpus.
Consistent returns over the long term
HDFC Flexi Cap Fund’s long-term performance remains strong even over a 10-year period.
10-year lump sum return:
Direct Plan: 17.58% CAGR
Regular Plan: 16.76% CAGR
Benchmark return (10 years): 14.96% CAGR
A Rs 1 lakh lump sum invested 10 years ago would now be worth around Rs 5.05 lakh.
For SIP investors, the numbers are even more striking:
Monthly SIP: Rs 10,000
Total investment over 10 years: Rs 12 lakh
10-year SIP return (Direct Plan): 19.58% annualised
Value of SIP investment: Rs 33,65,266
(Source: AMFI, Value Research)
Portfolio backed by large financial stocks
The fund’s performance is supported by a diversified portfolio with a strong tilt towards banking and financial services stocks. As of November 30, 2025, its top holdings include:
ICICI Bank (9.45%)
HDFC Bank (8.78%)
Axis Bank (7.35%)
State Bank of India (4.58%)
SBI Life Insurance (4.18%)
Kotak Mahindra Bank (4.11%)
Cipla (3.42%)
Maruti Suzuki India (3.38%)
HCL Technologies (3.11%)
Power Grid Corporation (2.61%)
Key fund details investors should know
Launch date:
Regular Plan: January 1, 1995
Direct Plan: January 1, 2013
Expense ratio:
Direct Plan: 0.66%
Regular Plan: 1.34%
Assets under management (AUM): Rs 90,641 crore (as of December 10, 2025)
Risk level: Very High
Fund manager: Roshi Jain (since July 29, 2022)
Why flexi cap funds attract investors
Flexi cap funds remain one of the most popular equity fund categories, consistently attracting strong inflows. Their biggest advantage is flexibility — fund managers can invest across large-cap, mid-cap and small-cap stocks depending on market conditions. This ability to adjust allocations has helped funds like HDFC Flexi Cap Fund deliver steady returns across different market phases.
Who should consider this fund
HDFC Flexi Cap Fund may suit investors who are comfortable with equity market risks and are looking to build wealth over the long term. Experts generally suggest an investment horizon of five years or more for equity mutual funds to ride out short-term volatility.
While past performance does not guarantee future returns, disciplined SIP investing and a long-term approach have historically improved the chances of better outcomes for equity investors.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should assess their risk profile and consult a SEBI-registered investment advisor before making any investment decisions.
Note: This content has been translated using AI. It has also been reviewed by FE Editors for accuracy.