MonitorDirect · GrowthWatch before adding
HDFC Multi Cap Fund
HDFC Mutual FundEquity Scheme - Multi Cap Fund4.9 years
The scheme seeks to generate long term capital appreciation by investing in equity and equity related securities of large cap, mid cap and small cap companies.
- NAV
- 18.43
- 28 Oct 2026
- 1Y
- -9.6%
- Trailing CAGR
- AUM
- ₹20,582.74 Cr
- 31 Aug 2026
- Volatility
- Medium
- 14.5% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 28 Oct 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · The fund beat the category median in 77% of rolling 3-year windows.
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
Prefer peers if · Prefer LIC MF Multi Cap Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Watch
4.9 years - usable, still building a track record.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
0.96% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -20.2%. Ask whether you can hold through a similar fall.
Vs category
Pass
77% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Watch
Amar Kalkundrikar · 1.2 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 ≈ 23.5% 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 20%. 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
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
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-9.6%
- 3Y+10.2%
- 5Yn/a
- 10Yn/a
- SI+13.3%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-9.2%
- 3Y-0.0%
- 5Yn/a
- 10Yn/a
- Since inception
- +13.3%
- Calendar-day CAGR
- Excess 1Y
- -9.5%
- Category median, same plan and option
- 3Y win rate
- +77%
- Windows beating the median
- 3Y percentile
- 27
- Vs comparable share classes
- SIP 3Y XIRR
- -0.0%
- Simulated monthly SIP
- Worst rolling 3Y
- +9.3%
- 466 daily-ending windows
- Median rolling 3Y
- +21.1%
- Calendar-day CAGR
- Positive rolling 5Y
- n/a
- 0 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -20.2%
- Worst peak-to-trough
- Current
- -11.7%
- Below last peak
- Current spell
- 761 days
- Days below latest peak
- Time below peak
- +85%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 6 days
- 61 recovered episodes
- Longest recovery
- 58 days
- Trough to prior peak
27 Sept 2024 – open
Trough 3 Mar 2025 · not recovered
-20.2%
17 Jan 2022 – 17 Aug 2022
Trough 20 Jun 2022 · recovered in 58 days
-16.7%
14 Dec 2022 – 4 May 2023
Trough 28 Mar 2023 · recovered in 37 days
-7.5%
3 Jun 2024 – 7 Jun 2024
Trough 4 Jun 2024 · recovered in 3 days
-6.6%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
27
Vs category
0
Consistency
66
Risk-adjusted
52
Drawdown
50
Mean
39
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
- Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
Supporting reads
- The fund beat the category median in 77% of rolling 3-year windows.
- Risk-adjusted return sits above the documented risk-free proxy.
Portfolio
31 Aug 2026 · 127 holdings · top 10 are 23.5%.
- Top 5
- 14.4%
- Top 10
- 23.5%
- Largest holding
- 3.8%
- Effective holdings
- 82.4
ICICI Bank Ltd
Financial
3.8%
HDFC Bank Ltd
Financial
3.4%
Axis Bank Ltd
Financial
2.5%
Reliance Industries Ltd
Energy & Utilities
2.4%
Britannia Industries Ltd
Consumer Staples
2.1%
What changed
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
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
21 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
18 Sept 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
LIC MF Multi Cap Fund
LIC Mutual Fund
- 1Y
- +1.3%
- 3Y
- +16.8%
- Vol
- 14.2%
- Max DD
- -19.3%
- Sharpe
- 0.77
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Union Multicap Fund
Union Mutual Fund
- 1Y
- +2.2%
- 3Y
- +14.2%
- Vol
- 14.0%
- Max DD
- -19.8%
- Sharpe
- 0.76
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
PGIM India Multi Cap Fund
PGIM India Mutual Fund
- 1Y
- +0.7%
- 3Y
- n/a
- Vol
- 14.4%
- Max DD
- -18.1%
- Sharpe
- -0.22
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
BANDHAN MULTI CAP FUND
Bandhan Mutual Fund
- 1Y
- -5.2%
- 3Y
- +11.8%
- Vol
- 13.3%
- Max DD
- -18.3%
- Sharpe
- 0.50
- 3Y win
- +57%
- Lower volatility
- Shallower drawdown
- Lower TER
- Higher trailing returns
TRUSTMF MULTI CAP FUND
Trust Mutual Fund
- 1Y
- +8.9%
- 3Y
- n/a
- Vol
- 14.5%
- Max DD
- -12.7%
- Sharpe
- 0.42
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
Caveat: Higher TER · Lower trailing returns