HDFC Flexi Cap Fund Direct Plan Growth

This HDFC Flexi Cap fund is suitable for investors with a high risk appetite and a time horizon of 5 years or more. Here are the key details for the HDFC Flexi Cap Fund – Direct Plan – Growth Option (formerly HDFC Equity Fund).

At a Glance

• Current NAV: ~₹2,246 (as of Dec 18, 2025)

• Fund Category: Flexi Cap Fund (Invests across Large, Mid, and Small Cap stocks)

• Risk Profile: Very High

• Expense Ratio: ~0.68% (Direct Plan is significantly cheaper than the Regular Plan’s ~1.35%)

Performance (Annualized Returns)

Note: Returns are for the Direct Plan-Growth option. Past performance does not guarantee future results.

• 1 Year: ~8% – 9%

• 3 Years: ~21.5%

• 5 Years: ~24.4%

• Since Inception: ~17%

Also Read : Nippon India Large Cap Fund Direct Growth

Portfolio Composition

This fund is known for a “value” investment style and often takes contrarian bets. It historically maintains a heavy allocation to large-cap stocks, particularly in the banking sector.

• Top Sector: Financials / Banking (approx. 35% of portfolio)

• Top Holdings:

  1. ICICI Bank

  2. HDFC Bank

  3. Axis Bank

  4. State Bank of India (SBI)

  5. SBI Life Insurance

• Market Cap Split: Currently leans heavily towards Large Caps (~75-85%), with the remainder in Mid and Small caps.

Investment Details

• Fund Manager: Roshi Jain (Note: Recent data from Dec 2025 suggests potential management changes or additions, with Chirag Setalvad also appearing in recent fund disclosures).

• Minimum Investment: ₹100 for both SIP and Lumpsum.

• Exit Load: 1% if you redeem your money within 1 year of investment. No exit load after 1 year.

• Taxation:

  • Short Term (sold < 1 year): Taxed at 20% on profits.

  • Long Term (sold > 1 year): Profits above ₹1.25 Lakh in a financial year are taxed at 12.5%.

Who is this fund for?

This fund is suitable for investors with a high risk appetite and a time horizon of 5 years or more. It is known to be volatile but has historically delivered strong returns over long cycles due to its value-oriented strategy. Because it is a “Flexi Cap” fund, the manager has the freedom to shift between large, mid, and small companies based on where they see the best opportunities.