ReviewDirect · GrowthPrefer peers first
HDFC Flexi Cap Fund
HDFC Mutual FundEquity Scheme - Flexi Cap Fund13.8 years
The scheme seeks to generate capital appreciation / income from a portfolio, predominantly invested in equity & equity related instruments.
- NAV
- 2,180.50
- 29 Oct 2026
- 1Y
- -4.8%
- Trailing CAGR
- Upside capture
- +105%
- Vs NIFTY 500 TRI
- Downside capture
- +93%
- Lower is better
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
In three lines
Watch if · Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
Watch if · Maximum drawdown exceeded 35%.
Prefer peers if · Prefer Bajaj Finserv Flexi Cap Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
13.8 years of path to read.
Engine status
Fail
The live read flags issues. Inspect same-category alternatives before buying.
Expense ratio
Pass
0.75% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Watch
Peak-to-trough -41.8%. Ask whether you can hold through a similar fall.
Vs category
Watch
53% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Watch
Amit Ganatra · 0.7 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 44.0% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 42%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
Review does not mean stop the SIP tomorrow - compare peers first. Stopping on a red label often locks in the worst path.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y-4.8%
- 3Y+15.7%
- 5Y+15.5%
- 10Y+15.3%
- SI+15.5%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-2.0%
- 3Y+5.9%
- 5Y+13.5%
- 10Y+16.5%
- Since inception
- +15.5%
- Calendar-day CAGR
- Excess 1Y
- -0.2%
- Category median, same plan and option
- 3Y win rate
- +53%
- Windows beating the median
- 3Y percentile
- 83
- Vs comparable share classes
- SIP 3Y XIRR
- +5.9%
- Simulated monthly SIP
- Worst rolling 3Y
- -7.7%
- 2653 daily-ending windows
- Median rolling 3Y
- +17.7%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 2161 daily-ending windows
Official benchmark
Date-aligned against NIFTY 500 TRI. Capture ratios use common month-end observations through 30 Oct 2026.
- 1Y excess
- +2.8%
- Fund minus TRI
- 3Y excess
- +5.3%
- Fund minus TRI
- Upside capture
- +105%
- Benchmark-up months
- Downside capture
- +93%
- Lower is better
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -41.8%
- Worst peak-to-trough
- Current
- -5.4%
- Below last peak
- Current spell
- 87 days
- Days below latest peak
- Time below peak
- +88%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 13 days
- 147 recovered episodes
- Longest recovery
- 261 days
- Trough to prior peak
4 Jul 2019 – 9 Dec 2020
Trough 23 Mar 2020 · recovered in 261 days
-41.8%
29 Jan 2015 – 19 Aug 2016
Trough 25 Feb 2016 · recovered in 176 days
-27.7%
21 Jan 2013 – 23 Dec 2013
Trough 28 Aug 2013 · recovered in 117 days
-21.9%
24 Jan 2018 – 29 Mar 2019
Trough 26 Oct 2018 · recovered in 154 days
-16.0%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
83
Vs category
49
Consistency
60
Risk-adjusted
55
Drawdown
0
Mean
50
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Review
Buying stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
Why this status
- Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
- Maximum drawdown exceeded 35%.
Supporting reads
- The fund beat the category median in 68% of rolling 1-year windows.
- Three-year return is above the category median.
- Risk-adjusted return sits above the documented risk-free proxy.
Portfolio
31 Aug 2026 · 85 holdings · top 10 are 44.0%.
- Top 5
- 28.6%
- Top 10
- 44.0%
- Largest holding
- 9.2%
- Effective holdings
- 32.8
ICICI Bank Ltd
Financial
9.2%
Axis Bank Ltd
Financial
6.2%
HDFC Bank Ltd
Financial
5.7%
State Bank of India
Financial
4.2%
Zomato Ltd
Technology
3.4%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
29 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
28 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
27 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
26 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
22 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
21 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
19 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
16 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
24 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
22 Sept 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Bajaj Finserv Flexi Cap Fund
Bajaj Finserv Mutual Fund
- 1Y
- -0.3%
- 3Y
- +15.8%
- Vol
- 13.1%
- Max DD
- -17.5%
- Sharpe
- 0.69
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
BANK OF INDIA FLEXI CAP FUND
Bank of India Mutual Fund
- 1Y
- +3.1%
- 3Y
- +18.6%
- Vol
- 16.6%
- Max DD
- -23.7%
- Sharpe
- 1.09
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
ITI Flexi Cap Fund
ITI Mutual Fund
- 1Y
- +6.5%
- 3Y
- +18.5%
- Vol
- 15.4%
- Max DD
- -21.4%
- Sharpe
- 1.00
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
Motilal Oswal Flexi Cap Fund
Motilal Oswal Mutual Fund
- 1Y
- -2.9%
- 3Y
- +17.2%
- Vol
- 16.9%
- Max DD
- -37.1%
- Sharpe
- 0.67
- 3Y win
- +54%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
Nippon India Flexi Cap Fund
Nippon India Mutual Fund
- 1Y
- -7.8%
- 3Y
- +9.4%
- Vol
- 14.8%
- Max DD
- -19.8%
- Sharpe
- 0.35
- 3Y win
- +60%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns