HDFC Flexi Cap Fund - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : Flexi Cap Fund

Equity Holding : 86.18% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 86.18%

No of Stocks : 50 (Category Avg - 63.60) | Large Cap Investments : 60.01%| Mid Cap Investments : 2.04% | Small Cap Investments : 4.11% | Other : 20.02%

Portfolio Summary (as on 30th Nov,2025)

Particulars	This Scheme	Category
No. of Stocks	50	63.19
Top 5 Stock Weight	34.34%	25.4%
Top 10 Stock Weight	50.97%	40.44%
Top 3 Sector Weight	42.25%	31.21%

Category - Flexi Cap Fund

Particulars	This Scheme	Category
Average mcap (Cr)	105289.24	95725.14
Holdings in large cap stocks	60.01%	40.82%
Holdings in mid cap stocks	2.04%	12.95%
Holdings in small cap stocks	4.11%	10.84%

Category - Flexi Cap Fund

Top 10 Stocks holding in Portfolio (as on 30th Nov,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
# ICICI Bank Ltd.	Private sector bank	88883.2	9.45%	0.00%	9.74% (Jul 2025)	9.01% (Oct 2025)	6.40 Cr	30.00 L
# HDFC Bank Ltd.	Private sector bank	82623.2	8.78%	0.00%	9.75% (Nov 2024)	8.34% (Sep 2025)	8.20 Cr	30.00 L
# Axis Bank Ltd.	Private sector bank	69103.8	7.35%	0.00%	8.87% (Feb 2025)	6.89% (Jul 2025)	5.40 Cr	0.00
# State Bank Of India	Public sector bank	43076	4.58%	0.00%	4.53% (Oct 2025)	1.61% (Feb 2025)	4.40 Cr	0.00
# SBI Life Insurance Co Ltd.	Life insurance	39320	4.18%	0.00%	4.71% (May 2025)	4.06% (Dec 2024)	2.00 Cr	0.00
# Kotak Mahindra Bank Ltd.	Private sector bank	38664.1	4.11%	0.00%	5.14% (Mar 2025)	4.17% (Jul 2025)	1.82 Cr	0.00
# Cipla Ltd.	Pharmaceuticals	32157.3	3.42%	0.00%	4.44% (Nov 2024)	3.46% (Oct 2025)	2.10 Cr	0.00
# Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	31800	3.38%	0.00%	4.67% (Jan 2025)	3.56% (Oct 2025)	20.00 L	0.00
# HCL Technologies Limited	Computers - software & consulting	29235.6	3.11%	0.00%	3.9% (Nov 2024)	2.64% (Apr 2025)	1.80 Cr	0.00
# Power Grid Corporation of India Ltd.	Power - transmission	24565.5	2.61%	0.00%	2.42% (Oct 2025)	1.14% (Jan 2025)	9.10 Cr	1.44 Cr

- indicates change in weight in the portfolio. # indicates a new entry.

View complete holding

Complete equity Portfolio (as on 30th Nov,2025)

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Sector
M-Cap

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Stock Invested in	Sector	Sector Total	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty	M-Cap	GroupName
# ICICI Bank Ltd.	Private sector bank	29.69	88883.2	9.45%	0.00%	9.74% (Jul 2025)	9.01% (Oct 2025)	6.40 Cr	30.00 L	Large Cap	60.01
# HDFC Bank Ltd.	Private sector bank	29.69	82623.2	8.78%	0.00%	9.75% (Nov 2024)	8.34% (Sep 2025)	8.20 Cr	30.00 L	Other	20.02
# Axis Bank Ltd.	Private sector bank	29.69	69103.8	7.35%	0.00%	8.87% (Feb 2025)	6.89% (Jul 2025)	5.40 Cr	0.00	Large Cap	60.01
# State Bank Of India	Public sector bank	6.18	43076	4.58%	0.00%	4.53% (Oct 2025)	1.61% (Feb 2025)	4.40 Cr	0.00	Large Cap	60.01
# SBI Life Insurance Co Ltd.	Life insurance	4.18	39320	4.18%	0.00%	4.71% (May 2025)	4.06% (Dec 2024)	2.00 Cr	0.00	Large Cap	60.01
# Kotak Mahindra Bank Ltd.	Private sector bank	29.69	38664.1	4.11%	0.00%	5.14% (Mar 2025)	4.17% (Jul 2025)	1.82 Cr	0.00	Large Cap	60.01
# Cipla Ltd.	Pharmaceuticals	6.38	32157.3	3.42%	0.00%	4.44% (Nov 2024)	3.46% (Oct 2025)	2.10 Cr	0.00	Large Cap	60.01
# Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	5.61	31800	3.38%	0.00%	4.67% (Jan 2025)	3.56% (Oct 2025)	20.00 L	0.00	Large Cap	60.01
# HCL Technologies Limited	Computers - software & consulting	5.27	29235.6	3.11%	0.00%	3.9% (Nov 2024)	2.64% (Apr 2025)	1.80 Cr	0.00	Large Cap	60.01
# Power Grid Corporation of India Ltd.	Power - transmission	2.61	24565.5	2.61%	0.00%	2.42% (Oct 2025)	1.14% (Jan 2025)	9.10 Cr	1.44 Cr	Large Cap	60.01
# Bharti Airtel Ltd.	Telecom - cellular & fixed line services	2.46	23117.6	2.46%	0.00%	4.01% (Nov 2024)	2.41% (Sep 2025)	1.10 Cr	0.00	Large Cap	60.01
# Eicher Motors Ltd.	2/3 wheelers	4.33	22571.2	2.40%	0.00%	2.62% (Sep 2025)	1.9% (May 2025)	32.00 L	0.00	Other	20.02
# Hyundai Motor India Ltd.	Passenger cars & utility vehicles	5.61	20934	2.23%	0.00%	2.72% (Sep 2025)	1.4% (Dec 2024)	90.00 L	0.00	Other	20.02
# Bajaj Auto Ltd.	2/3 wheelers	4.33	18147	1.93%	0.00%	2.27% (May 2025)	0% (Nov 2024)	20.00 L	0.00	Large Cap	60.01
# Piramal Pharma Ltd.	Pharmaceuticals	6.38	16848.9	1.79%	0.00%	2.94% (Nov 2024)	1.97% (Oct 2025)	9.00 Cr	0.00	Other	20.02
# J S W Steel Ltd.	Iron & steel products	3.18	16476.3	1.75%	0.00%	1.9% (Sep 2025)	1.22% (Nov 2024)	1.42 Cr	0.00	Large Cap	60.01
# Bank Of Baroda	Public sector bank	6.18	15069.6	1.60%	0.00%	1.59% (Oct 2025)	0.25% (Dec 2024)	5.20 Cr	0.00	Large Cap	60.01
# Infosys Ltd.	Computers - software & consulting	5.27	14040.9	1.49%	0.00%	2.1% (Nov 2024)	1.01% (Jun 2025)	90.00 L	5.00 L	Large Cap	60.01
# Tata Steel Ltd.	Iron & steel products	3.18	13436.8	1.43%	0.00%	1.7% (May 2025)	1.25% (Nov 2024)	8.00 Cr	0.00	Other	20.02
# Oil & Natural Gas Corporation Ltd.	Oil exploration & production	1.42	13378.8	1.42%	0.00%	1.41% (Oct 2025)	0% (Nov 2024)	5.50 Cr	47.50 L	Large Cap	60.01
# InterGlobe Aviation Ltd.	Airline	1.25	11803	1.25%	0.00%	1.6% (Mar 2025)	0.25% (Nov 2024)	20.00 L	0.00	Large Cap	60.01
# Bosch Ltd.	Auto components & equipments	2.65	11013.6	1.17%	0.00%	1.63% (Jul 2025)	1.25% (Oct 2025)	3.05 L	0.00	Large Cap	60.01
# Larsen & Toubro Ltd.	Civil construction	1.53	9611.5	1.02%	0.00%	1.05% (Oct 2025)	0.69% (Jul 2025)	23.62 L	0.00	Large Cap	60.01
# FSN E-Commerce Ventures Ltd.	E-retail/ e-commerce	1.41	9355.9	0.99%	0.00%	1.02% (Aug 2025)	0% (Nov 2024)	3.50 Cr	0.00	Other	20.02
# Lupin Ltd.	Pharmaceuticals	6.38	8745.2	0.93%	0.00%	0.97% (Aug 2025)	0.44% (Mar 2025)	42.00 L	0.00	Large Cap	60.01
# United Spirits Ltd.	Breweries & distilleries	0.88	8324.9	0.88%	0.00%	1.19% (Dec 2024)	0.67% (Sep 2025)	57.35 L	0.00	Large Cap	60.01
# Havells India Ltd.	Consumer electronics	0.75	7065.3	0.75%	0.00%	0.84% (Aug 2025)	0% (Nov 2024)	49.00 L	0.00	Large Cap	60.01
# Varroc Engineering Ltd.	Auto components & equipments	2.65	6594	0.70%	0.00%	0.62% (Sep 2025)	0.27% (Nov 2024)	1.00 Cr	9.53 L	Small Cap	4.11
# Cyient Ltd.	It enabled services	0.66	6179.8	0.66%	0.00%	0.71% (Aug 2025)	0.34% (Jan 2025)	55.00 L	5.00 L	Small Cap	4.11
# Nuvoco Vistas Corporation Ltd.	Cement & cement products	1.5	6237.9	0.66%	0.00%	0.86% (Sep 2025)	0.37% (Mar 2025)	1.75 Cr	0.00	Other	20.02
# DR. LAL PATHLABS Ltd.	Healthcare service provider	0.98	6103.6	0.65%	0.00%	0.85% (Aug 2025)	0.69% (Oct 2025)	20.00 L	0.00	Small Cap	4.11
# Sapphire Foods India Ltd.	Restaurants	0.75	4974	0.53%	0.00%	0.97% (Dec 2024)	0.63% (Oct 2025)	2.00 Cr	0.00	Other	20.02
# Hindalco Industries Ltd.	Aluminium	0.52	4850.4	0.52%	0.00%	0.78% (Oct 2025)	0% (Nov 2024)	60.00 L	-0.24 Cr	Large Cap	60.01
# Apollo Hospitals Enterprises Ltd.	Hospital	0.51	4768.1	0.51%	0.00%	1.79% (Dec 2024)	0.55% (Oct 2025)	6.50 L	0.00	Mid Cap	2.04
# Kalpataru Power Transmission Ltd.	Civil construction	1.53	4798.8	0.51%	0.00%	0.66% (Dec 2024)	0.44% (Apr 2025)	40.00 L	0.00	Small Cap	4.11
# Tata Consultancy Services Ltd.	Computers - software & consulting	5.27	4706.3	0.50%	0.00%	0.65% (Jun 2025)	0% (Nov 2024)	15.00 L	0.00	Large Cap	60.01
# Escorts Ltd.	Tractors	0.49	4580.9	0.49%	0.00%	0.58% (Mar 2025)	0.4% (Dec 2024)	12.00 L	0.00	Small Cap	4.11
# CIE AUTOMOTIVE INDIA Ltd.	Auto components & equipments	2.65	4116	0.44%	0.00%	0.7% (Jan 2025)	0.47% (Sep 2025)	1.00 Cr	0.00	Small Cap	4.11
# The Ramco Cements Ltd.	Cement & cement products	1.5	4112.9	0.44%	0.00%	0.77% (Nov 2024)	0.44% (Oct 2025)	39.64 L	86.40 k	Mid Cap	2.04
# Swiggy Ltd.	E-retail/ e-commerce	1.41	3972.2	0.42%	0.00%	0.6% (Aug 2025)	0% (Nov 2024)	1.05 Cr	0.00	Other	20.02
# Crompton Greaves Consumer Electricals Ltd.	Household appliances	0.41	3847.6	0.41%	0.00%	0.87% (Nov 2024)	0.45% (Oct 2025)	1.45 Cr	0.00	Mid Cap	2.04
# J K Lakshmi Cement Ltd.	Cement & cement products	1.5	3794.3	0.40%	0.00%	0.52% (Jul 2025)	0.29% (Nov 2024)	50.00 L	6.50 L	Small Cap	4.11
# Ashok Leyland Ltd.	Commercial vehicles	0.34	3241.5	0.34%	0.00%	0.38% (Feb 2025)	0% (Nov 2024)	2.05 Cr	0.00	Mid Cap	2.04
# Sundram Fasteners Ltd.	Auto components & equipments	2.65	3178.2	0.34%	0.00%	0.35% (Sep 2025)	0% (Nov 2024)	34.00 L	2.12 L	Mid Cap	2.04
# Metropolis Healthcare Ltd.	Healthcare service provider	0.98	3137.9	0.33%	0.00%	0.52% (Nov 2024)	0.35% (Jun 2025)	16.25 L	0.00	Other	20.02
# Suven Pharmaceuticals Ltd.	Pharmaceuticals	6.38	2257.6	0.24%	0.00%	0.41% (Sep 2025)	0% (Nov 2024)	40.00 L	0.00	Other	20.02
# Burger King India Ltd.	Restaurants	0.75	2086.7	0.22%	0.00%	0.37% (Nov 2024)	0.23% (Oct 2025)	3.35 Cr	25.00 L	Other	20.02
# Birlasoft Ltd.	Computers - software & consulting	5.27	1634.9	0.17%	0.00%	0.36% (Nov 2024)	0.18% (Sep 2025)	43.00 L	0.00	Small Cap	4.11
# Zee Entertainment Enterprises Ltd.	Tv broadcasting & software production	0.15	1399.9	0.15%	0.00%	0.27% (Nov 2024)	0.15% (Oct 2025)	1.38 Cr	0.00	Large Cap	60.01
# Ramco Systems	Software products	0.09	858.7	0.09%	0.00%	0.1% (Dec 2024)	0.07% (Jul 2025)	15.00 L	0.00	Small Cap	4.11

- indicates change in weight in the portfolio. # indicates a new entry.

New Stocks added in Portfolio (in 1 month period ending 30th Nov,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
No new entrants in the portfolio in the last month.

Stocks removed from Portfolio (in 1 month period ending 30th Nov,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
No complete exits in the portfolio in the last month.

Trend in stock holdings (Top 15 Holding)

Stock	Nov 2025	Oct 2025	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024	Nov 2024
ICICI Bank Ltd.	9.45%	9.01%	9.14%	9.21%	9.74%	9.27%	9.35%	9.44%	9.58%	9.29%	9.40%	9.56%	9.71%
HDFC Bank Ltd.	8.78%	8.57%	8.34%	8.36%	9.01%	9.05%	9.24%	9.35%	9.45%	9.73%	9.27%	9.62%	9.75%
Axis Bank Ltd.	7.35%	7.31%	7.14%	6.89%	6.89%	7.84%	8.18%	8.48%	8.86%	8.87%	8.37%	8.10%	8.23%
Kotak Mahindra Bank Ltd.	4.11%	4.20%	4.24%	4.19%	4.17%	4.49%	4.52%	4.92%	5.14%	4.90%	4.76%	4.44%	4.39%
SBI Life Insurance Co Ltd.	4.18%	4.30%	4.19%	4.41%	4.57%	4.62%	4.71%	4.65%	4.33%	4.35%	4.39%	4.06%	4.07%
Maruti Suzuki India Ltd.	3.38%	3.56%	4.12%	4.51%	3.91%	3.90%	4.06%	4.13%	4.14%	4.66%	4.67%	4.09%	4.18%
Cipla Ltd.	3.42%	3.46%	3.69%	4.07%	4.05%	3.78%	3.87%	4.12%	3.98%	4.21%	4.31%	4.42%	4.44%
Bharti Airtel Ltd.	2.46%	2.48%	2.41%	2.54%	2.61%	2.78%	2.82%	2.89%	3.19%	3.56%	3.99%	3.91%	4.01%
HCL Technologies Limited	3.11%	3.05%	2.87%	2.93%	2.77%	2.67%	2.66%	2.64%	2.74%	2.95%	3.14%	3.67%	3.90%
State Bank Of India	4.58%	4.53%	4.38%	4.21%	4.25%	3.09%	2.68%	1.86%	1.66%	1.61%	1.76%	1.80%	2.21%
Piramal Pharma Ltd.	1.79%	1.97%	2.01%	2.01%	2.17%	2.24%	2.30%	2.32%	2.62%	2.40%	2.67%	2.91%	2.94%
Eicher Motors Ltd.	2.40%	2.46%	2.62%	2.38%	2.03%	1.92%	1.90%	2.03%	2.07%	2.01%	2.20%	2.02%	1.99%
Hyundai Motor India Ltd.	2.23%	2.41%	2.72%	2.70%	2.40%	2.51%	1.95%	1.84%	1.58%	1.51%	1.42%	1.40%	1.47%
Power Grid Corporation of India Ltd.	2.61%	2.42%	2.23%	2.02%	2.09%	2.03%	1.84%	1.97%	1.98%	1.86%	1.14%	1.16%	1.24%
Bajaj Auto Ltd.	1.93%	1.95%	2.03%	2.11%	1.99%	2.10%	2.27%	1.96%	1.70%	1.73%	1.61%	1.31%	-

No of Debt Holding 3 (Category Avg - 2.50) | Modified Duration 0.00 Years (Category Avg - - --)| Yield to Maturity - -- (Category Avg - 0.00%)

Portfolio Summary (as on 30th Nov,2025)

Security Type	% Weight	Category Average
GOI	0.55%	0.02%
CD	0.00%	0.24%
T-Bills	0.00%	0.23%
NCD & Bonds	0.00%	0.08%
CP	0.00%	0.10%

Category - Flexi Cap Fund

Security Type	% Weight	Category Average
Government Backed	0.55%	0.25%
Low Risk	0.00%	0.00%
Moderate Risk	0.00%	0.00%
High Risk	0.00%	0.00%
Very High Risk	0.00%	0.00%
Others	0.00%	0.00%

Category - Flexi Cap Fund

Debt holding in Portfolio (as on 30th Nov,2025)

Instrument	Type	Sector	Value (Mn)	% of Total Holding	Quantity
Bond - Govt of India	GOI	Other	2976.27	0.32%	2.90 Cr
Bond - Govt of India	GOI	Other	1148.40	0.12%	1.10 Cr
Bond - Govt of India	GOI	Other	1040.78	0.11%	1.00 Cr

Name	Type of Instrument	Weight (%)
TREPS	TREPS	10.76%
Nexus Select Trust	InvITs	1.90%
Embassy Office Parks Reit	InvITs	0.59%
Net Receivables	Net Receivables	0.02%

HDFC Flexi Cap Fund - Growth

Portfolio Summary (as on 30th Nov,2025)

Top 10 Stocks holding in Portfolio (as on 30th Nov,2025)

Complete equity Portfolio (as on 30th Nov,2025)

New Stocks added in Portfolio (in 1 month period ending 30th Nov,2025)

Stocks removed from Portfolio (in 1 month period ending 30th Nov,2025)

Trend in stock holdings (Top 15 Holding)

Portfolio Summary (as on 30th Nov,2025)

Debt holding in Portfolio (as on 30th Nov,2025)

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