April 2, 2026
RA Jainee
HDFC Diversified Equity All Cap Active FoF
⚖️ Sahifund Review – HDFC Diversified Equity All Cap Active FoF ✔
✓ PLUS: HDFC Diversified Equity All Cap Active FoF benefits from the strong brand of HDFC Mutual Fund and offers a simple way to access a diversified all-cap portfolio through an active fund-of-funds structure. The biggest positive is its very low expense ratio of just 0.30%, which is attractive for investors looking for cost-efficient diversification. Its portfolio mix across large, mid and small caps also gives it broad market participation, making it relevant for investors who prefer one-product diversification through SIPs.
⚖️ MINUS: The fund is extremely new, with only a 6-month track record, so there is practically no evidence yet of performance consistency or execution quality. Its since-launch return is already negative (-9.98%), and the FoF structure may also lead to performance overlap and lower alpha potential compared to owning a strong diversified equity fund directly. In addition, the portfolio remains somewhat large-cap tilted, which may limit upside in phases where mid and small caps outperform sharply.
Sahifund View:
Low-cost and convenient, but too new to trust—better to wait for a longer track record before serious allocation.
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
Flexi-cap funds are suitable for investors:
1. Seeking exposure in a diversified set of stocks for high returns
2. Aiming for long-term wealth creation
3. With a 5+ year investment horizon
4. Who are at ease with the market’s ups and downs
Note:
• Invest only through SIP
• Being a FoF, the fund invests in a set of mutual fund schemes instead of the underlying securities directly
Fund’s Investment Strategy:
The scheme seeks to generate long-term capital appreciation/income by investing in units of domestic equity-oriented schemes based on varied market caps.
Fund Manager:
1) Dhruv Muchhal
Education: Mr. Dhruv has done B.Com, CA and CFA
Experience: Prior to joining HDFC MF,he has worked with Motilal Oswal Financial Services Ltd., Goldman Sachs, CRISIL Global Research & Analytics and Deloitte Haskins & Sells
2) Srinivasan Ramamurthy
Education: Mr. Ramamurthy is an engineer by qualification from Jadavpur University and has done his MBA from IIM – Calcutta.
Experience: Prior to joining HDFC Asset Management Company Limited, he has worked with Mahindra Mutual Fund, IDBI Federal Life Insurance, IIFL Capital Limited, Maybank Kim Eng, Credit Suisse and KPMG Advisory.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 100 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 1 year |
Basic Details of HDFC Diversified Equity All Cap Active FoF
| Fund House | HDFC Mutual Fund |
| Launch Date | 29-Sep-25 |
| Return Since Launch | -9.98% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets (Rs.) | Rs 2,093 Cr |
| (As on 28-Feb-2026) | |
| Expense | 0.30% |
| (As on 31-Mar-2026) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
HDFC Diversified Equity All Cap Active FoF Returns
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| HDFC Diversified Equity All Cap Active FoF Dir | -12.77 | 0.00 | -11.30 | -12.77 | -10.09 | — | — | — | — | — |
| BSE 500 TRI | -13.94 | -2.28 | -11.37 | -13.94 | -9.62 | — | — | — | — | — |
| Equity: Flexi Cap | -12.89 | 0.00 | -10.85 | -12.89 | -9.50 | — | — | — | — | — |
| Rank within category | 50 | 4 | 63 | 50 | 70 | — | — | — | — | — |
| Number of funds in category | 108 | 113 | 111 | 108 | 103 | 90 | 67 | 52 | 40 | 31 |
Peer Comparison of HDFC Diversified Equity All Cap Active FoF
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| HDFC Diversified Equity All Cap Active FoF Dir | Unrated | — | — | — | 0.30 | 2,093 | -9.98 | 1.00 (365) | 6M | — |
| Kotak Nifty Alpha 50 ETF | Unrated | -3.52 | 19.18 | — | 0.30 | 719 | 5.37 | — | 4Y 3M | 195.02 |
| Motilal Oswal Nifty 500 Index Dir | 3 star | -3.00 | 12.89 | 11.47 | 0.17 | 2,898 | 14.16 | 1.00 (15) | 6Y 6M | 9.00 |
| Nippon India Nifty 500 Momentum 50 Index Dir | Unrated | -4.07 | — | — | 0.25 | 1,084 | -20.01 | — | 1Y 6M | 161.00 |
| SBI Nifty 500 Index Dir | Unrated | -3.22 | — | — | 0.31 | 777 | -10.08 | 0.25 (15) | 1Y 6M | 9.00 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,71,535 | 1,80,281 |
| Giant (%) | — | — |
| Large (%) | 64.44 | 62.49 |
| Mid (%) | 17.78 | 21.89 |
| Small (%) | 17.78 | 15.99 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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