📊 Flexi Cap Fund · Deep Analysis

HDFC Flexi Cap FundOption

HDFC Mutual Fund · Direct Growth · SEBI Category: Flexi Cap

Current NAV ₹2,118.5010 (+0.14% today) As of 04 Jun 2026
1 Year Return -0.3%
3 Year CAGR +17.8% p.a.
5 Year CAGR +17.7% p.a.
AAUM ₹95.5K Cr Jan–Mar 2026
All data from RightAdvise DB — calculated from 2,566 daily NAV records
Fund Overview

HDFC Flexi Cap FundOption — Quick Summary

HDFC Flexi Cap Fund is one of India's oldest active equity funds with a track record stretching back decades. The fund has historically maintained a strong bias towards financial services and banking stocks — often allocating 30 to 40% of the portfolio to this sector. This concentration has driven strong returns during banking sector bull runs. The fund's large AUM of over Rs.90,000 crore reflects its long history and sustained investor trust.

The fund typically maintains a large-cap heavy portfolio (70 to 80% in top 100 companies) with selective mid and small cap exposure. Its investment approach is fundamental and research-driven, focusing on companies with strong management, durable competitive advantages and attractive valuations. HDFC AMC's deep equity research team provides extensive coverage across sectors and market caps.

Fund House
HDFC Mutual Fund
SEBI Category
Flexi Cap
Benchmark
NIFTY 500 TRI
Fund Manager
Roshi Jain, Priya Ranjan
AMFI Code
118955
Risk Level
Very High
NAV Records in DB
2,566 days
Quarterly Average AUM · Jan–Mar 2026
₹95.5K Cr
↑ Increased by 5.7% vs Oct–Dec 2025 · ₹90.4K Cr
Official quarterly average AUM from AMFI disclosure. Published every 3 months.
📊
✓ Suitable For
Suited for long-term investors (5+ years) who are comfortable with the fund's banking sector concentration and want a large established flexi cap fund as a core equity holding. Less suitable for investors who already hold heavy banking sector exposure in other funds.
HDFC Flexi Cap Fund's combination of India's deepest equity research platform, a multi-decade track record, one of the largest fund AUMs in the country, and a banking sector tilt that has historically been a source of alpha in Indian markets make it a strong anchor holding.
✗ Not Suitable For
Investors seeking a predictable, benchmark-hugging portfolio — HDFC Flexi Cap takes active allocation calls across large, mid and small caps. Those with very short horizons — flexi cap funds need at least 5 years to demonstrate full-cycle performance. Investors who prefer a specialist fund — a dedicated mid cap or small cap fund will give purer exposure to those segments.
Who Runs This Fund

Fund Manager

RJ
Roshi Jain, Priya Ranjan
HDFC Mutual Fund · Managing since 2007 (long-tenured management)

Roshi Jain is the primary fund manager of HDFC Flexi Cap Fund and brings deep expertise in bottom-up equity research. Priya Ranjan co-manages the scheme, contributing to stock selection across market caps. Both managers operate within HDFC MF's well-established research framework — one of the deepest in the Indian mutual fund industry.

For current co-manager details and full biography, refer to the latest HDFC Mutual Fund factsheet on AMFI or the AMC website.

What to Factor In

Things to Consider

Informational points to help you form your own view — not judgements or recommendations.

AMFI Code · Informational
AMFI Scheme Code: 118955
The official AMFI scheme code for HDFC Flexi Cap FundOption Direct Growth is 118955. Use this when transacting on platforms or verifying data across databases.
Important Note
Points Worth Knowing
HDFC Flexi Cap has significant flexibility to move across market caps — in bull markets it may increase mid and small cap exposure, adding volatility. The fund's large AUM can be a constraint — very large funds find it harder to take meaningful positions in smaller companies without moving the stock price. Always check the current large-mid-small cap allocation split before investing.
Investment Objective
As per Scheme Information Document
An open ended dynamic equity scheme investing across large cap, mid cap and small cap stocks.
All Data Below — From RightAdvise Database
Category Comparison

Top 5 Flexi Cap Funds Compared

Live data. Current fund highlighted. Click any fund name for full analysis.

FundNAVAAUM1Y Return 3Y CAGR 5Y CAGR Sharpe (3Y)
Parag Parikh Flexi Cap Fund ₹89.66 ₹1.33 L Cr Jan–Mar 2026 -0.2% +15.5% p.a. +15.6% p.a. 1.08
HDFC Flexi Cap Fund ▲ ₹2,118.50 ₹95.5K Cr Jan–Mar 2026 -0.3% +17.8% p.a. +17.7% p.a. 1.08
Kotak Flexicap Fund ₹93.90 ₹54.7K Cr Jan–Mar 2026 0.0% +14.4% p.a. +12.7% p.a. 0.64
SBI Flexicap Fund ₹117.48 ₹21.8K Cr Jan–Mar 2026 -0.3% +10.0% p.a. +10.0% p.a. 0.35
Axis Flexi Cap Fund ₹28.89 ₹12.5K Cr Jan–Mar 2026 -0.6% +13.3% p.a. +10.4% p.a. 0.55
Best value in each column shown in green. AAUM from latest AMFI quarterly filing. Returns calculated from daily NAV history.
Performance

Fund Returns

Calculated from 2,566 daily NAV records in RightAdvise DB. Last calculated: Jun 2026.

1M / 3M / 6M / 1Y — simple point-to-point return  ·  3Y / 5Y / 10Y — CAGR (compounded annual growth rate)

1 MonthPoint-to-point
-0.9%
3 MonthPoint-to-point
-5.2%
6 MonthPoint-to-point
-6.8%
1 YearPoint-to-point
-0.3%
3 YearCAGR
+17.8% p.a.
5 YearCAGR
+17.7% p.a.
10 YearCAGR
+16.5% p.a.
₹1 Lakh → 5YLump sum growth
₹221,957

Best & Worst Periods Ever

Based on all rolling windows in full NAV history. Dates show the start and end of each period.

Best 1Y WindowSimple return
+94.1%
Mar 2020 – Mar 2021
Worst 1Y WindowSimple return
-36.4%
Mar 2019 – Mar 2020
Best 3Y CAGRCAGR p.a.
+41.8% p.a.
Mar 2020 – Apr 2023
Worst 3Y CAGRCAGR p.a.
-7.3% p.a.
Feb 2017 – Mar 2020

Calendar Year Returns

Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.

2025
+12.2%
2024
+24.3%
2023
+31.5%
2022
+19.1%
2021
+37.0%
2020
+7.1%
2019
+7.4%
2018
-2.6%
2017
+38.1%
Consistency Analysis

Rolling Returns ℹ️ What is this?

Rolling returns show performance across every possible investment start date — not one cherry-picked number. Learn more →

1Y Rolling Avg
20.3%
Positive in 87% of windows
Best: 94.1% · Worst: -36.4%
3Y Rolling Avg
18.7% p.a.
Positive in 94% of windows
Best: 41.8% · Worst: -7.3%
5Y Rolling Avg
19.7% p.a.
Positive in 100% of windows
Best: 37.2% · Worst: 10.8%
1-Year Rolling Returns Each bar = 1Y return starting from that date
Risk Analysis

Maximum Drawdown ℹ️ What is this?

How much the fund fell from its peak NAV — what investors actually experience during crashes. Calculated from full NAV history.

Max Drawdown Ever
-41.8%
Jul 2019 → Mar 2020
Recovered: Dec 2020 (1yr)
Current from Peak
-8.1%
All-time Peak: ₹2,303.31
Peak date: Jan 2026

How the fund behaved in key crisis periods

Calculated from actual NAV data. "Pre-inception" means the fund didn't exist during that period.

2024–25 Tariff / Correction
-12.1%
Sep 27, 2024 – Apr 7, 2025
Recovered: Jun 2025 (5 mos)
COVID-19 Crash
-38.2%
Feb 19 – Mar 23, 2020
Recovered: Dec 2020 (1yr)
2022 Rate Hike Cycle
-12.0%
Jan 17 – Jun 17, 2022
Recovered: Aug 2022 (2 mos)
2018 IL&FS Crisis
-13.8%
Aug 28 – Oct 26, 2018
Recovered: Mar 2019 (7 mos)
Risk Metrics

Risk Ratios

Calculated from 3 years of daily NAV — industry standard. Risk-free rate: 6.5% p.a. Last updated: Jun 2026. What do these mean? →

Sharpe Ratio (3Y)
1.08
Return per unit of total risk. >1 is good. Learn more →
Sortino Ratio (3Y)
1.56
Like Sharpe but only penalises downside volatility. Learn more →
Std Deviation (3Y)
11.7%
Annualised monthly volatility. Lower = more consistent returns. Learn more →
📊
Want to see what HDFC Flexi Cap FundOption is actually holding?

Our portfolio holdings page shows every stock the fund owns, sector allocation, and month-over-month changes — from official AMC disclosures.

Full current portfolio — all stocks, weights, sectors
New entries and exits over the last 3 months
Sector allocation and month-over-month changes
Updated monthly from official AMC disclosures
See Portfolio Holdings →
← Compare all Flexi Cap Funds

See how HDFC Flexi Cap FundOption ranks against other Flexi Cap funds on returns, drawdown, Sharpe ratio and AAUM — side by side.

Learn the Metrics
📖 Deep Dive
CAGR, Sharpe, Sortino & Std Dev
What these numbers mean and how to use them
📖 Deep Dive
Drawdown & Rolling Returns
Why these reveal more than any CAGR figure
⚠️ RightAdvise.com is NOT registered with SEBI. All content is for educational purposes only. Mutual Fund investments are subject to market risks. Please read all scheme-related documents carefully and consult a SEBI-registered advisor before investing.
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⚠️ RightAdvise.com is NOT registered with SEBI. All content is for educational purposes only. Mutual Fund investments are subject to market risks. Please read all scheme-related documents carefully and consult a SEBI-registered advisor before investing.