HDFC Flexicap Fund: Building trust with investors for over 30 years
HDFC Flexicap Fund completed 30 years earlier this year. With over Rs 1.13 lakh crores of assets under management (as on 31st August 2026, source: AMFI), HDFC Flexicap Fund is not only one of the most popular equity mutual fund schemes; it is also one of the biggest wealth creators in the history of mutual funds in India. If you invested Rs 1 lakh in the scheme at the time of its inception, your investment would have grown to Rs 2.01 crores (see the chart below).
Source: Advisorkhoj Research, as on 16th September 2026
If you started investing in HDFC Flexicap Fund through a monthly SIP of Rs 10,000 since its inception, you would have accumulated a corpus of Rs 22.62 crores with a cumulative investment of just over Rs 38 lakhs as on 16th September 2026.
Source: Advisorkhoj Research, as on 16th September 2026
Wealth multiplier - NAV doubled every 4 years on average
The chart below shows how the NAV of HDFC Flexicap Fund kept doubling over time. On an average it took 4 years for the NAV double. The only periods where the NAV took significantly longer than 4 years viz. May 2007 to March 2014 and November 2017 to July 2023, included the two worst financial crises faced by equity markets i.e. 2008 Global Financial Crisis and the COVID-19 pandemic in 2020. Apart from these periods, NAVs doubled every 4 years (approximately) or less.
Source: Advisorkhoj Research, as on 17th July 2023
Consistently in the upper quartiles
The graphic below shows the quartile rankings of the HDFC Flexicap Fund over the last 10 years. You can see that the scheme was in the top quartile 7 times in the last calendar 10 year.
Source: Advisorkhoj Research, as on 16th September 2026
Consistent outperformance versus the benchmark index
The table below show the rolling returns distribution of the HDFC Flexicap Fund versus the benchmark index for different investment tenures over the last 25 years. You can see that the scheme had more percentage instances of 15%+ CAGR returns compared to the benchmark index across different investment tenures.
Source: Advisorkhoj Research, as on 16th September 2026. 1. Benchmark: Nifty 500 TRI
Why you need to have long investment tenures?
Historical data shows that volatility decreased over long investment tenures. The chart below shows the median, maximum and minimum rolling returns of HDFC Flexicap Fund since the inception of the scheme. You can see that over longer (7 years plus) investment tenures, you could have got positive returns even in the worst case scenario.
Source: Advisorkhoj Research, as on 16th September 2026
Wealth creation through SIP over longer investment tenures - Power of compounding
The chart below shows the growth of Rs 10,000 monthly SIP in HDFC Flexicap Fund over different trailing investment period. You can see that the scheme was able to create substantial over long investment tenures - power of compounding in action
Source: Advisorkhoj Research, as on 16th September 2026
Rolling SIP XIRR
The table below show the rolling SIP XIRR distribution of the Canara Robeco Large and Midcap Fund versus the benchmark index for different SIP tenures since the inception of the scheme. You can see that the scheme had more percentage instances of 12%+ CAGR returns compared to the benchmark index across different investment tenures.
Source: Advisorkhoj Research, as on 16th September 2026. 1. Benchmark: Nifty 500 TRI
Why you need to have long SIP tenures?
The chart below shows the median, maximum and minimum rolling SIP XIRR returns of HDFC Flexicap Fund since the inception of the scheme. You can see that over longer SIP tenures (8 years plus) the scheme gave positive SIP XIRR even in the worst case scenario. As the tenure increases, minimum returns also increase. Over the 20 year SIP tenures, the minimum SIP XIRR returns of the scheme was 15%, while the median XIRR was 19%.
Source: Advisorkhoj Research, as on 16th September 2026
Limited downside risks for investors compared to benchmark index
The table below shows the major drawdown events over the past 25 years or so. You can see that in majority of the events, HDFC Flexicap Fund experienced smaller drawdowns compared to the benchmark index.
Source: Advisorkhoj Research, as on 16th September 2026
Investment philosophy
Portfolio positioning
Source: HDFC MF Fund Factsheet, as on 31st August 2026
Who can find HDFC Flexicap Fund suitable?
- Investors seeking capital appreciation and wealth creation over long investment tenures
- Investors who want to build a core portfolio of schemes for their long term financial goals
- Investors who want exposure across market cap segments
- Investors with sufficiently high risk appetites
- Investors with minimum investment tenures of 5 years
- Investors who want to invest from their monthly savings through SIP
Investors should consult with their financial advisors or mutual fund distributors if HDFC Flexicap Fund is suitable for their investment needs.
Mutual Fund Investments are subject to market risk, read all scheme related documents carefully.
RECOMMENDED READS
LATEST ARTICLES
Discipline, good governance, and genuine care for our stakeholders have helped HDFC Asset Management Company Limited build a reputation for trust. Over the last two decades, HDFC AMC has become one of the most prominent mutual fund houses in India. We are committed to our mission of being a wealth creator for every Indian. Here is a brief snapshot of some of HDFC AMC's key milestones.
Investor Centre
About HDFC MF
POST A QUERY
