HDFC Flexi Cap Fund, one of the oldest equity schemes, has consistently featured among the top-performing funds in the country. Since its launch, the fund (regular plan) has delivered around 19% annualised returns on lump-sum investments and over 21% annualised returns in SIPs (Systematic Investment Plans). Based on 30 years of performance data, a monthly SIP of Rs 1,000 in this fund would have grown to nearly Rs 2 crore over the period.
The fund currently manages assets worth Rs 85,559 crore, making it the second-largest scheme under HDFC Mutual Fund and the third-largest equity scheme overall. With an expense ratio of 1.37%, HDFC Flexi Cap Fund has the flexibility to invest across large-cap, mid-cap, and small-cap companies, offering investors a well-diversified exposure to the equity market.
HDFC Flexi Cap Fund: Lump sum investment performance
Launch Date: January 1, 1995
Returns since inception: 18.80% CAGR
One-time investment at launch: Rs 1,00,000
Current value of investment: Rs 2 crore
(Source: Fund’s fact sheet)
HDFC Flexi Cap Fund: SIP performance
The fund has delivered an impressive 21.33% CAGR over the last 30 years, making it the highest-return flexi-cap mutual fund in India.
30-year SIP return: 21.33% CAGR
Monthly SIP amount: Rs 1,000
Total investment over 30 years: Rs 3,60,000
Value after 30 years: Rs 2 crore
(Source: Value Research)
Investment strategy & portfolio allocation
The HDFC Flexi Cap Fund is a dynamic equity scheme that invests across all market capitalisations — large-cap, mid-cap, and small-cap companies.
This fund focuses on strong, high-quality businesses following the principles of value investing. Its investment approach is based on buying at the right valuations and maintaining a long-term positioning — a blend of value and growth strategy.
Priority is given to companies with robust growth drivers in the medium to long term, and whose stocks are available at attractive valuations.
This fund is an ideal choice for investors who wish to invest across all market caps within a single portfolio, making it one of the best Flexi Cap funds for beginners and long-term investors. It also suits those seeking diversification benefits within their equity investments (Diversified Portfolio Advantage).
HDFC Flexi Cap Fund details
NAV (as of October 29, 2025): Rs 2,091.18
Expense ratio (as of August 31, 2025): 1.37%
Benchmark: NIFTY 500 TRI
Fund managers: Roshi Jain and Dhruv Mutchal
Standard deviation: 11.223%
Beta: 0.806
Sharpe Ratio: 1.317
Top 10 holdings of HDFC Flexi Cap Fund
ICICI Bank – 9.21%
HDFC Bank – 8.36%
Axis Bank – 6.89%
Maruti Suzuki India – 4.51%
SBI Life Insurance Company – 4.41%
State Bank of India (SBI) – 4.21%
Kotak Mahindra Bank – 4.19%
Cipla – 4.07%
HCL Technologies – 2.93%
Hyundai Motor India – 2.70%
(Source: Fact Sheet, data as of August 31, 2025)
Top 10 sectors in the portfolio
Financial Services – 38.7%
Automobile & Auto Components – 14.9%
Healthcare – 9.1%
Information Technology – 5.9%
Metals & Mining – 4.0%
Consumer Services – 2.7%
Telecommunication – 2.5%
Power – 2.0%
Construction Materials – 1.8%
Consumer Durables – 1.4%
(Source: Fact Sheet, data as of August 31, 2025)
HDFC Flexi Cap Fund: Risk Management
Adherence to regulatory and internal risk guidelines.
Investment process driven by both quantitative and qualitative research.
Emphasis on strategic portfolio positioning during construction.
Flexibility across market capitalisations and diversification across sectors to manage risk effectively.
(Source: Fact Sheet)
Remember, past performance does not guarantee future returns. Market conditions can change, and the fund’s future performance may vary. Equity investments are subject to market risks—investors are advised to consult a financial expert before investing.
Note: This content has been translated using AI. It has also been reviewed by FE Editors for accuracy.
Disclaimer: The above content is for informational purposes only. Mutual Fund investments are subject to market risks. Please consult your financial advisor before investing.