Fund

Fund review: HDFC Flexi Cap Fund


ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.


BASIC FACTS


DATE OF LAUNCH

1 JANUARY 1995

CATEGORY

EQUITY

TYPE

FLEXI CAP

AUM*

Rs.27,433 Crore

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BENCHMARK

NIFTY 500 TOTAL

RETURN INDEX

WHAT IT COSTS
NAV**


GROWTH OPTION

Rs.961.01

IDCW

Rs.51.17

MINIMUM INVESTMENT

Rs.5,000

MINIMUM SIP AMOUNT

Rs.500

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EXPENSE RATIO*** (%)

1.72

EXIT LOAD

1% for redemption

within 365 days

*AS ON 31 MAY 2022
**AS ON 28 JUNE 2022
***AS ON 31 MAY 2022



FUND MANAGER


PRASHANT JAIN

TENURE: 19 YEARS

Recent portfolio changes
New entrants:
Housing Development Finance Corporation,

, , , .

Increasing allocation: Bharti Airtel, , , Mahindra & Mahindra, & Payments Services, , , , , Ultratech Cement.

Complete exits: CG Power & Industrial Solutions, , NHP

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Should you buy?

Earlier known as Equity, this flagship offering from HDFC MF run by veteran fund manager Prashant Jain is known to take a contrarian stance. It backs its high conviction bets with aggressive positions and sticks with them even through prolonged periods of pain. This has historically lent a high degree of volatility to the fund return with alternating bouts of sharp underperformance followed by sharp upswing in return profile. As some of its prominent bets turned in its favour, the last year and half has seen the fund return to top form after a brief spell on the sidelines. However, its risk-return profile remains weak. While its approach tends to pay off over market cycles, the longer payoff horizons and oscillations may not suit everyone.

(Source: Value Research.)



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