Meta Title

HDFC Multicap Fund - Investment Objective, Returns, Fund Manager Details & FAQs

Meta Description

Learn about HDFC Multicap Fund's investment objective, fund managers Gopal Agrawal & Dhruv Muchhal, returns since inception, expense ratio, and comprehensive FAQs for informed investing.

Investment Objective and Approach

HDFC Multicap Fund follows a clear investment strategy focused on generating long-term capital appreciation by investing in equity and equity related securities across large cap, mid cap and small cap companies. The fund is mandated to invest at least 25% of its money each in stocks of large, medium and small-sized companies.

The scheme operates as an open-ended equity fund that provides diversification across market capitalizations. The fund maintains a minimum investment of 65% in equity & equity related instruments. The fund benchmarks its performance against the NIFTY500 MultiCap 50:25:25 (TRI) index.

Investment highlights include:

- Diversified exposure across market capitalizations

- Active fund management approach

- Minimum SIP amount of ₹100

- Exit load of 1% if redeemed within 1 year

- Very High risk rating on riskometer

Fund Managers

Gopal Agrawal

Gopal Agrawal has been overseeing the fund since July 2020 and brings over 19 years of experience in the financial services industry. He holds qualifications in B.E and MBM, with prior experience at DSP Mutual Fund, Tata AMC, Mirae Asset Mutual Fund, SBI Mutual Fund, Kotak Securities, HDFC Securities, IDBI Capital, UTI Securities and IPCL. He is a gold medalist chemical engineer by qualification and second ranked brain in MBM at VGSOM, IIT Kharagpur.

Dhruv Muchhal

Dhruv Muchhal serves as Equity Analyst and Fund Manager for Overseas Investments with qualifications including B.Com, CA and CFA from University of Mumbai. He brings collectively over 10 years in equity research. 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 Ltd., or HDFC Mutual Fund, is currently the largest mutual fund and actively managed equity mutual fund in India, and is one of the most profitable asset management companies (AMC) in the country. The company manages assets worth Rs. 6.1L Cr crores as of Mar 31, 2024.

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).

HDFC Asset Management Company Ltd. received approval to act as an AMC from SEBI on 30 June 2000 under the registration number MF/044/00/6. It also offers portfolio management/non-binding investment advisory services since 18 September 2016 under the registration code PM /INP000000506 from SEBI.

Key financial metrics as of recent reports:

- The company serviced more than 75000 empanelled distribution partners through 210 branches spread across more than 200 cities in India

- Assets under management (AuM) growth was 25.86% with Active equity AuM growing 32.27%

Should I Invest in HDFC Multicap Fund?

HDFC Multicap Fund can be suitable for specific investor profiles and investment goals. Consider this fund if you:

Suitable For:

- Long-term wealth creation goals (5+ years investment horizon)

- Investors seeking diversified equity exposure across market caps

- Those comfortable with very high risk tolerance

- Investors looking for active fund management

- Those wanting exposure to both large and mid/small cap opportunities

Key Considerations:

Such funds can be fairly volatile since at least 50% of their assets will always be invested in mid and small cap stocks which generally experience more severe ups and downs. This makes them suitable for long-term investors who don't mind higher risk.

Like for all equity funds, you must invest only through the SIP route. Do not invest in this, or any other multi-cap fund, if you need to redeem your investment in less than five years.

Recent Performance Metrics (as of July 31, 2025):

- AUM: ₹18,335.56 Cr

- Returns since inception (Dec 10, 2021): 20.38%

- Total Expense Ratio: 0.73%

FAQs

What is today's NAV of HDFC Multicap Fund?

The NAV changes daily based on market conditions. You can check the latest NAV on the official HDFC Mutual Fund website or through financial platforms like Allvest.

What is the AUM of HDFC Multicap Fund?

As of July 31, 2025, the fund has an AUM of ₹18,335.56 Cr.

What is the expense ratio of HDFC Multicap Fund?

The Total Expense Ratio (TER) is 0.73%, which covers fund management and operational costs.

What are the returns of HDFC Multicap Fund since inception?

The fund has delivered returns of 20.38% since its inception on December 10, 2021.

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

The minimum SIP amount is ₹100, making it accessible for small investors.

How do I invest in HDFC Multicap Fund?

You can invest through Allvest's platform, HDFC Mutual Fund's website, or through registered mutual fund distributors. Online investment through platforms like Allvest is the most convenient option.

How to start a SIP in HDFC Multicap Fund?

Register on Allvest platform, complete your KYC, select HDFC Multicap Fund, choose SIP option, set amount and frequency, and provide bank mandate for auto-debit.

How do I automate an SIP in HDFC Multicap Fund?

Set up a bank mandate through Allvest platform which will automatically deduct the SIP amount from your bank account on the chosen date each month.

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

You can redeem through Allvest platform or HDFC's website. Note that exit load of 1% applies if redeemed within 1 year. Redemption proceeds are typically credited within 3-4 business days.