Contents
Returns vs category
3 years: 14.74% a year, 7th of 36 flexi cap funds
Direct-Growth plan, a year, to 16 October 2026, from AMFI NAVs. Ranks and averages cover the 46 flexi cap funds AMFI lists that are old enough for each period.
Year by year
Ahead of the category average in 8 of the last 10 calendar years
- 2016+8.2%avg +5.5%
- 2017+38.0%avg +37.2%
- 2018−2.6%avg −3.6%
- 2019+7.4%avg +11.1%
- 2020+7.0%avg +19.0%
- 2021+37.0%avg +34.4%
- 2022+19.1%avg +1.4%
- 2023+31.4%avg +29.9%
- 2024+24.3%avg +22.4%
- 2025+12.2%avg +4.8%
- 2026to 23 Oct−6.6%avg −5.2%
Calendar-year returns of the Direct-Growth plan. The average covers today’s flexi cap funds that had a full year then.
3-year returns
3-year returns since 2013 ranged from −7.7% to 40.2% a year
- Lowest
- −7.7% to March 2020
- Middle
- +17.6%
- Highest
- +40.2% to March 2023
Every 3-year holding period ending on a NAV day from 1 January 2016 to 23 October 2026 (2,664 periods), annualised.
Worst fall
Worst fall: 41.8% (Jul 2019–Mar 2020), back at its high 9 months later
- High
- 4 Jul 2019
- Low
- 23 Mar 2020
- Back at the high
- 9 Dec 2020
- Now
- 8.0% below the 3 Aug 2026 high
Fall from the highest NAV to the lowest that followed, on daily direct plan NAVs since 1 January 2013.
Cost
The regular plan costs 0.61% a year more: about ₹1.55 lakh on ₹10 lakh over 10 years
₹10 lakh invested once and held 10 years, assuming 12% a year before costs (an assumption, not a forecast). Expense ratios as disclosed on 16 October 2026. Try your own numbers in the fee calculator.
Size and facts
₹1,10,925 crore of assets: the 2nd largest of 46 flexi cap funds
- Average assets, July–September 2026
- ₹1,10,925 crore
- Fund house
- HDFC Mutual Fund
- Category
- Flexi cap
Genvest AI score
Genvest AI score 40 out of 100, ranked 26 of 43
Ranked 26 of 43 flexi cap funds
Two of the things the score looks at, against other flexi cap funds:
- Holding up in fallsDeeper or longer falls than most flexi cap funds
- How bad the bad days wereBad days about in line with other flexi cap funds
The Genvest AI score is Genvest’s proprietary score that ranks mutual funds within their category using quantitative methods. It is not a recommendation to buy, sell or hold any fund.
Scored on data to 23 October 2026, among the 43 flexi cap funds Genvest scores. How the score works.
Similar funds
Other flexi cap funds of a similar size
- Parag Parikh Flexi Cap Fund3 years 12.45% a year · expense ratio 0.69%
- Kotak Flexi Cap Fund3 years 10.41% a year · expense ratio 0.66%
- Aditya Birla Sun Life Flexi Cap Fund3 years 14.01% a year · expense ratio 0.91%
- ICICI Prudential Flexi Cap Fund3 years 14.59% a year · expense ratio 0.88%
Every flexi cap fund compared, from the category guide.
Questions people ask
To 16 October 2026, the direct plan returned -3.40% over 1 year, 14.74% over 3 years, 14.65% over 5 years (a year, annualised beyond one year). These are AMFI NAV returns of the Direct-Growth plan; the regular plan’s are lower by roughly the difference in expense ratios. Past returns do not guarantee future returns.
Over 1 year it ranked 26th of 40, against a category average of -0.86%. Over 3 years it ranked 7th of 36, against a category average of 11.89%. Over 5 years it ranked 2nd of 27, against a category average of 9.64%. Ranks compare the direct plans of the flexi cap funds AMFI lists today, by return; they are not ratings.
As disclosed on 16 October 2026, the total expense ratio is 0.75% a year for the direct plan and 1.36% for the regular plan. The 0.61% gap is mostly the distributor’s commission. On ₹10 lakh held for 10 years at an assumed 12% a year before costs, the direct plan would end about ₹1.55 lakh ahead.
Its direct plan NAV fell 41.8% from its high on 4 July 2019 to 23 March 2020, and was back at that high on 9 December 2020. On 23 October 2026 it was 8.0% below its highest NAV, set on 3 August 2026.
Its average assets in July–September 2026 were ₹1,10,925 crore, across all plans, per AMFI: the 2nd largest of 46 flexi cap funds.
40 out of 100 as of 23 October 2026, ranking it 26 of the 43 flexi cap funds Genvest scores. The Genvest AI score is Genvest’s proprietary score that ranks mutual funds within their category using quantitative methods. It is not a recommendation to buy, sell or hold any fund.
That depends on your goals, how long you can stay invested and what else you hold, which this page cannot know. What the data shows: its returns against other flexi cap funds, how far it has fallen, and what it costs. Its rank changes from year to year, so look at several periods rather than one, and at how a fall like its worst would feel for your money. This is education, not a recommendation to buy, sell or hold.
Related
This page is educational research based on AMFI data and Genvest’s own analysis. It is not a recommendation to invest in any scheme, or personalised investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not guarantee future returns. Registration granted by SEBI, enlistment with IAASB and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.