HDFC Flexi Cap Fund Crosses ₹1 Lakh Crore AUM, Joins Elite Mutual Fund Club
Becomes third Indian scheme to hit the milestone after Parag Parikh Flexi Cap and HDFC Balanced Advantage
HDFC Flexi Cap Fund has crossed the ₹1 lakh crore assets under management (AUM) mark, becoming only the third mutual fund scheme in India to reach this scale.
As of February 13, 2026, the fund’s AUM stood at ₹1 lakh crore, underscoring sustained investor participation and long-term capital accumulation.
Third Fund to Hit the Milestone
The scheme now joins:
- Parag Parikh Flexi Cap Fund
- HDFC Balanced Advantage Fund
Crossing ₹1 lakh crore places the fund in a rare league within India’s equity mutual fund universe.
The milestone reflects both scale and staying power.
Built Across Market Cycles Since 1995
Launched in January 1995, the fund has navigated multiple bull and bear cycles.
Its structure allows flexibility across market capitalisations.
Investment framework:
- Open-ended dynamic equity fund
- Invests across largecap, midcap, and smallcap stocks
- Allocation shifts based on research-driven conviction
Current portfolio allocation:
- ~70% in largecaps
- 4.25% in midcaps
- 7.6% in smallcaps
The strategy emphasizes adaptability rather than rigid allocation.
Performance Snapshot
Since inception, the fund has delivered a cumulative return of 18.72%.
Recent performance metrics include:
- 16.52% return over the past 12 months
- 22.31% return over the last three years
Top holdings include:
- ICICI Bank
- HDFC Bank
- Axis Bank
- State Bank of India
Each holding represents between 4.86% and 8.90% of the portfolio.
Banking exposure remains a core theme.
Comparison with Peers Above ₹1 Lakh Crore
The two other schemes above the ₹1 lakh crore threshold are:
- Parag Parikh Flexi Cap Fund – ₹1,33,00,000 crore AUM (as of January 31, 2026)
- HDFC Balanced Advantage Fund – ₹1,06,00,000 crore AUM (as of January 31, 2026)
All three funds emphasize research-led investing and long-term wealth creation.
Reaching this scale signals investor trust—but it also raises the bar for performance consistency.
The Bigger Picture
Large AUM funds often face questions around agility and alpha generation.
Can a ₹1 lakh crore fund remain nimble in volatile markets?
For now, HDFC Flexi Cap Fund’s milestone highlights sustained inflows, portfolio diversification, and a multi-decade track record.
TL;DR:
HDFC Flexi Cap Fund has crossed ₹1 lakh crore in AUM, becoming the third Indian mutual fund scheme to achieve this milestone. Launched in 1995, the fund follows a flexible equity strategy with strong banking exposure and consistent long-term returns.
AI summary:
- AUM crosses ₹1 lakh crore
- Third scheme to reach milestone
- Launched in 1995
- ~70% allocation to largecaps
- Strong long-term return record
