HDFC Multi Cap Fund
The scheme seeks to generate long term capital appreciation by investing in equity and equity related securities of large cap, mid cap and small cap companies.
Growthvine rating: 3/5 — ranked #11 of 34 in category.
Fund basics
| Category | Equity: Multi Cap |
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| NAV | ₹17.77 (as of 2026-10-01) |
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| AUM | ₹20,649 Cr |
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| Expense ratio | 1.41% |
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| Riskometer | Very High |
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| Fund manager | Amar Kalkundrikar |
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| Exit load | 1% for redemption within 365 days |
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Performance & risk
| Sharpe ratio | 0.43 |
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| Standard deviation | 16.06% |
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| Max drawdown | −20.54% |
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| Alpha | -0.36 |
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| Beta | 0.96 |
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Over 5 years, captured 97.5% of NIFTY500 Multicap 50:25:25's upside and 87.4% of its downside.
Market cap allocation
| Large cap | 43.3% |
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| Mid cap | 28.3% |
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| Small cap | 28.4% |
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Concentration
| Top 5 holdings | 14.2% |
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| Top 10 holdings | 23.3% |
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| Total holdings | 124 |
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| Index overlap | 39.0% |
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| Active share | 61.2% |
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Top holdings
- ICICI Bank Ltd. — 3.8%
- HDFC Bank Ltd. — 3.4%
- AXIS Bank Ltd. — 2.5%
- Reliance Industries Ltd — 2.4%
- Britannia Industries Ltd. — 2.1%
- Eternal Limited — 2.1%
- Bharti Airtel Ltd. — 2.0%
- State Bank Of India — 1.9%
- NTPC Limited — 1.6%
- Kotak Mahindra Bank Ltd. — 1.5%
Top sectors
- Banking & Financial — 17.0%
- Automobile — 10.2%
- Finance & Investments — 7.0%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −7.4% | Q4 (Bottom) | #34 of 34 |
| 2025 | 2.4% | Q3 | #19 of 31 |
| 2024 | 20.9% | Q3 | #17 of 24 |
| 2023 | 40.2% | Q1 (Top) | #1 of 17 |
| 2022 | 9.6% | Q1 (Top) | #4 of 13 |