HDFC AMC’s HDFC Flexi Cap Fund crosses Rs 1 lakh crore AUM milestone

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• HDFC Flexi Cap Fund crosses Rs 1 lakh crore in AUM
• Fund invests flexibly across large, mid, and small-cap stocks
• AUM milestone places it among India's largest equity funds

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HDFC Asset Management Company (HDFC AMC), the investment manager to HDFC Mutual Fund has announced that its flagship HDFC Flexi Cap Fund has crossed the Rs 1 lakh crore mark in assets under management (AUM), becoming one of the largest schemes in the flexi cap category. The scheme is currently managed by Amit Ganatra (as of February 1) after the exit of Roshi Jain.

Launched in January 1995, the fund follows a flexible mandate that allows it to invest across large-cap, mid-cap and small-cap stocks depending on market conditions. The strategy is research-driven and aims to build a diversified portfolio across sectors with a focus on long-term wealth creation. Prior to Jain, the fund was managed by veteran fund manager Prashant Jain.

HDFC AMC said the milestone reflects sustained investor participation and consistent performance across market cycles. The scheme has remained a core equity holding for investors seeking exposure to India’s growth story through a single diversified vehicle.

Flexi cap funds can dynamically allocate across market capitalisations without fixed limits, enabling fund managers to adjust exposures based on valuations and earnings outlook. HDFC Flexi Cap Fund has followed this approach since inception, navigating multiple bull and bear phases over three decades.

The Rs 1 lakh crore AUM mark places the scheme among a select group of equity funds in India to achieve this scale. Other actively managed equity schemes that have crossed the milestone include SBI Bluechip Fund from SBI Mutual Fund and ICICI Prudential Bluechip Fund from ICICI Prudential Mutual Fund. In addition, certain passive and diversified equity schemes have also surpassed the Rs 1 lakh crore threshold. These include SBI Nifty 50 ETF managed by SBI Mutual Fund and Parag Parikh Flexi Cap Fund managed by PPFAS Mutual Fund.