HDFC Flexi Cap Fund Direct Growth NAV Declines to ₹2,243.01 on 22 September; 5-Year CAGR at 17.08%

Key Takeaways

• HDFC Flexi Cap Fund Direct Growth NAV declined 0.30% to ₹2,243.01 on 22 September 2026, marking a moderate movement from the preceding valuation.
• The scheme's historical performance remained stronger over longer periods, with a three-year CAGR of approximately 15.74% and a five-year annualised return of 17.08%.
• Assets under management stood at approximately ₹1,13,606 crore, while the Direct Growth expense ratio was 0.77% and both minimum SIP and lump-sum investments were ₹100.
• ICICI Bank remained the largest disclosed holding at 9.19%. Together, the five largest positions accounted for 28.64% of the portfolio, leaving more than 71% across the remaining holdings and portfolio components.

HDFC Flexi Cap Fund Direct Growth NAV stood at ₹2,243.01 on 22 September 2026, declining 0.30% from the preceding valuation. The latest daily movement was modest relative to the fund's longer historical record. Its three-year CAGR was approximately 15.74%, with the five-year annualised return higher at 17.08%.

The scheme managed approximately ₹1,13,606 crore. Its Direct Growth expense ratio stood at 0.77%, and the latest investment information placed both the minimum SIP and minimum lump-sum amount at ₹100. The fund's flexi-cap mandate allows it to invest across large-, mid- and small-cap companies without maintaining a predetermined allocation to each market-cap segment.

ICICI Bank was the largest disclosed holding at 9.19%. Axis Bank accounted for 6.19%, HDFC Bank 5.71%, SBI 4.16% and Eternal 3.39%. Together, these five positions represented 28.64% of the portfolio. The remaining 71.36% was distributed across other securities and portfolio components.

Historical risk measures add another dimension to the return figures. The available data placed alpha at 5.62, beta at 0.81, standard deviation at 3.72 and the Sharpe ratio at 0.93. These statistics describe historical behaviour under their respective calculation frameworks rather than indicating how the NAV will move subsequently.

The 0.30% daily decline and multi-year CAGRs also measure fundamentally different periods. The first compares two successive valuations; the three- and five-year numbers annualise performance over considerably longer windows. Each should therefore be read within its own measurement period.