December 25, 2025
RA Jainee
HDFC Flexi Cap Fund
| Fund at a Glance | |
| NAV Growth | Rs 2,268.30 |
| NAV IDCW | Rs 98.96 |
| Min. Investment (Rs.) | 100 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 6 |
| Benchmark | NIFTY 500 TRI |
| AUM Rs. | 94,069 Cr |
| (As on 30-Nov-2025) | |
| Expense | 0.67% |
| 1 Year Return (%) | 12.34 |
| 3 Year Return (%) | 22.50 |
| 5 Year Return (%) | 25.45 |
| 10 Year Return (%) | 17.54 |
| Return Since Launch | 16.96% |
⚖️ Sahifund Review
PLUS: Stability, track record, cost efficiency
HDFC Flexi Cap Fund is a large, time-tested flexi-cap fund with a strong long-term performance record and effective downside risk control. The fund has consistently beaten its benchmark and category over 3, 5 and 10 years, highlighting disciplined stock selection by fund manager Chirag Setalvad. A dominant allocation to large and giant-cap stocks provides portfolio stability, making it suitable for long-term SIP investors. Low portfolio turnover and a reasonable expense ratio further support efficient long-term compounding.
MINUS: Large AUM, large-cap bias, momentum lag
The fund’s very large AUM can restrict agility, especially in capturing mid- and small-cap opportunities. Its heavy large-cap orientation may result in relative underperformance during sharp mid-cap or momentum-driven rallies. Short-term returns can lag more aggressive peers, and despite its stability, the fund still carries a very high risk tag, demanding patience and a minimum 5+ year horizon.
Sahifund View: Best suited as a core long-term SIP holding for conservative equity investors — not meant for tactical or high-alpha chasing strategies.
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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?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.
This is a flexi-cap fund where the fund management team has complete freedom to invest in companies of different sizes, depending on where it expects maximum gains. This versatility makes flexi-cap funds most suitable for equity fund investors, as the job of stock selection is left completely to the fund manager, which is the very idea of investing in a mutual fund.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks to generate capital appreciation / income from a portfolio, predominantly invested in equity & equity related instruments.
Fund Manager:
1) Chirag Setalvad
Education: Mr. Setalvad is a B. Sc and MBA from University of North Carolina.
Experience: Prior to joining HDFC AMC he has worked with New Vernon Advisory Services Ltd., HDFC AMC and ING Barings N.V.
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) | 1 |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 365 days |
Basic Details of HDFC Flexi Cap Fund
| Fund House | HDFC Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 16.96% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 94,069 Cr |
| (As on 30-Nov-2025) | |
| Expense | 0.67% |
| (As on 30-Nov-2025) | |
| Risk Grade | Low |
| Return Grade | High |
| Turnover | 12.51% |
Trailing Returns (%) of HDFC Flexi Cap Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| HDFC Flexi Cap Dir | 11.95 | 0.53 | -0.23 | 1.48 | 5.37 | 12.34 | 22.50 | 25.45 | 19.51 | 17.54 |
| BSE 500 TRI | 7.60 | 0.77 | 0.33 | 2.15 | 4.20 | 7.89 | 16.44 | 17.73 | 16.02 | 15.04 |
| Equity: Flexi Cap | 5.15 | 0.79 | 0.23 | 1.31 | 3.76 | 5.17 | 17.91 | 18.07 | 16.16 | 14.98 |
| Rank within category | 8 | 103 | 83 | 57 | 26 | 7 | 9 | 3 | 5 | 5 |
| Number of funds in category | 95 | 114 | 112 | 108 | 101 | 93 | 72 | 55 | 42 | 35 |
Peer Comparison of HDFC Flexi Cap Fund
| 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 Flexi Cap Dir | 5 star | 12.34 | 22.50 | 25.45 | 0.67 | 94,069 | 16.96 | 1.00 (365) | 12Y 11M | 12.51 |
| Parag Parikh Flexi Cap Dir | 5 star | 9.23 | 22.67 | 21.43 | 0.63 | 1,29,783 | 19.58 | 2.00 (365) | 12Y 6M | 12.67 |
| SBI Focused Dir | 4 star | 17.14 | 19.68 | 18.56 | 0.75 | 42,773 | 16.14 | 0.25 (30) | 12Y 11M | 37.00 |
| HDFC Focused Dir | 5 star | 12.15 | 22.66 | 26.58 | 0.62 | 26,230 | 15.81 | 1.00 (365) | 12Y 11M | 13.75 |
| ICICI Pru Flexicap Dir | 4 star | 11.72 | 21.31 | — | 0.76 | 20,055 | 18.28 | 1.00 (365) | 4Y 5M | 25.00 |
Portfolio Analysis of HDFC Flexi Cap Fund
| No. of Stocks | 50 |
| Top 10 Stocks | 50.97% |
| Top 5 Stocks | 34.34% |
| Top 3 Sectors | 64.25% |
| Portfolio P/B Ratio | 3.10 |
| Portfolio P/E Ratio | 21.79 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,97,852 | 1,83,488 |
| Giant (%) | 76.53 | 49.57 |
| Large (%) | 12.78 | 21.41 |
| Mid (%) | 6.16 | 23.80 |
| Small (%) | 4.54 | 6.21 |
| Tiny (%) | — | 0.79 |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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