Investment Objective and Approach

The investment objective of HDFC Flexi Cap Fund is to generate capital appreciation and income from a portfolio predominantly invested in equity and equity-related instruments. However, there is no assurance that the investment objective of the scheme will be realized.

HDFC Flexi Cap Fund is an open-ended dynamic equity scheme investing across large cap, mid cap and small cap stocks. The fund has the flexibility to tactically increase or decrease the allocation to various market cap segments based on outlook and valuations.

The fund's investment approach is distinctive and value-oriented:

- The fund's strategy has always been to invest in stocks/sectors that are reasonably valued and to avoid paying an aggressive price for a stock, often leading to investments in stocks/sectors ahead of market cycles

- Flexi cap funds invest across large, mid, and small-cap stocks without any fixed allocation, helping in managing risk and capturing growth opportunities across market cycles

- Minimum investment in equity and equity related instruments is 65% of total assets

- As of November 30, 2023, approximately 81% of the assets are invested in Large-Caps

The fund follows a disciplined value investing approach, often positioning itself ahead of market cycles by identifying undervalued opportunities across different market capitalizations.

Fund Managers

Prashant Jain is the current Fund Manager of HDFC Flexi Cap Fund. However, recent information also mentions Ms. Roshi Jain as a key fund manager.

Ms. Roshi Jain:

- Ms. Jain is a CFA, ACA and PGDM

- She has 12 years of experience including equity research and audit, joining Franklin Templeton in May 2005 where she was involved in Equity Research

- Prior to joining HDFC Asset Management Company Limited, she has worked with Franklin Templeton Investments, Goldman Sachs London, Goldman Sachs Singapore, and Wipro Ltd

Mr. Dhruv Muchhal:

- Equity Analyst and Fund Manager for Overseas Investments

- Mr. Dhruv has done B.Com, CA and CFA. Prior to joining HDFC MF, he has worked with Motilal Oswal Financial Services Ltd., Goldman Sachs, CRISIL Global Research & Analytics and Deloitte Haskins & Sells

About the Fund House (AMC)

HDFC Asset Management Company, investment manager to HDFC Mutual Fund, is one of the leading AMCs in the country. The company operates as a joint venture between Housing Development Finance Corporation (HDFC) and Standard Life Investments (SLI).

Key Details about HDFC Mutual Fund:

- HDFC Mutual Fund started as a joint venture between Housing Development Finance Corporation Limited and Standard Life Investments Limited on December 10, 1999, with both entities as sponsors

- HDFC Trustee Company Limited is the trustee

- The AMC manages 131 schemes

Fund Heritage and Track Record:

- HDFC Flexi Cap Fund celebrated a significant milestone of 29 years, making it one of the oldest schemes in the mutual fund industry, launched on December 10, 1999

- A monthly SIP of Rs 10,000 in HDFC Flexi Cap Fund since inception would have grown to Rs 15.34 crores as of November 30, 2023

- Over a 5-year horizon, investment in HDFC Flexi Cap Fund has always yielded positive returns, and in approximately 86% instances, returns exceeded 10% CAGR

Should I Invest in HDFC Flexi Cap Fund?

HDFC Flexi Cap Fund can be suitable for investors with specific profiles and objectives:

Ideal for:

- Investors seeking to generate long-term capital appreciation/income through investment predominantly in equity and equity-related instruments

- Investors who prefer flexi-cap funds where the fund management team has complete freedom to invest in companies of different sizes, making it suitable for equity fund investors as the job of stock selection is left to the fund manager

- Investors with investment horizon of five years or more can expect gains that comfortably beat inflation and fixed income returns

Important Considerations:

- The fund is rated as Very High risk

- Like all equity funds, investment should only be made through the SIP route

- Do not invest in this fund if you need to redeem your investment in less than five years

- Be prepared for ups and downs in your investment value along the way

Investment Minimums:

- Minimum investment required is ₹100 for both lump sum and SIP options

- SIP and lump sum investments are permitted with minimum application amount being ₹100, with any additional purchase requiring minimum ₹100

Tax Implications:

- If units are sold after 1 year, gains up to Rs 1.25 lakh in a financial year are tax-exempt, while gains over Rs 1.25 lakh are taxed at 12.5%

- If units are sold within 1 year, entire gain is taxed at 20%

FAQs

What is today's NAV of HDFC Flexi Cap Fund?

The latest NAV varies between direct and regular plans. As of August 28, 2025, the direct plan NAV is approximately ₹2,174, while you can check the current NAV on the HDFC Mutual Fund website or Allvest platform for real-time updates.

What is the AUM of HDFC Flexi Cap Fund?

The AUM (assets under management) of HDFC Flexi Cap Fund is ₹80,642.30 crores as of August 28, 2025.

What is the expense ratio of HDFC Flexi Cap Fund?

The expense ratio of HDFC Flexi Cap Fund is 0.72% as of August 28, 2025 for the direct plan. Regular plans typically have higher expense ratios.

What are the returns of HDFC Flexi Cap Fund since inception?

The scheme has delivered 632.38% returns since launch. However, past performance may not be sustained in the future and is not a guarantee of future returns.

What is the minimum SIP amount to invest in HDFC Flexi Cap Fund?

The minimum SIP amount to invest in this scheme is ₹100.

How do I invest in HDFC Flexi Cap Fund?

You can invest through multiple channels including the HDFC Mutual Fund website, Allvest platform, authorized distributors, or offline through bank branches that act as mutual fund distributors.

How to start a SIP in HDFC Flexi Cap Fund?

You can start a SIP through the HDFC Mutual Fund website, Allvest app, or by submitting SIP forms at authorized collection centers. The minimum SIP amount is ₹100.

How do I automate an SIP in HDFC Flexi Cap Fund?

Set up an auto-debit mandate through your bank account via the Allvest platform or HDFC MF website. This will automatically deduct the SIP amount on your chosen date each month.

How can I withdraw/redeem my investment in HDFC Flexi Cap Fund?

Units can be redeemed/switched out on any business day at NAV-based prices. An exit load of 1.00% is payable if units are redeemed within 1 year from the date of allotment. You can redeem through the Allvest platform, HDFC MF website, or authorized centers.