HDFC Flexi Cap Fund Direct Growth

HDFC Flexi Cap is a flexi-cap mutual fund launched on 1st January 1995. These funds follow a diversified equity investment strategy where they invest in companies across all market captialization and adjust allocations based on market conditions. The fund uses Nifty 500 TRI as its benchmark. Nifty 500 represents the broader market and helps the fund compare its returns with those of other companies.

HDFC Mutual Fund follows a bottom-up approach, which involves paying attention to individual businesses instead of macroeconomic factors. They also pay close attention to Quantitative (Growth, Cash Flows, Risks) and Qualitative (Management, Track Record, Insights) aspects of the companies. 

Staying true to the nature of the fund, they diversify across market caps and asset classes. Diversification is achieved through a balanced mix of asset types, loan sizes, contract volumes, and geographies, while risk in less diversified pools is mitigated using credit enhancements. HDFC Flexi Cap maintains a strong focus on industries like Financials, Automobiles, Healthcare, Technology, etc. 

Currently, the fund's portfolio comprises 9.9% small-cap stocks, 73.50% large-cap stocks, and 3.40% mid-cap stocks.

With an AUM of ₹75784.0 crores, HDFC Flexi Cap Fund Direct Growth generated a return of 11.2% in 1 year, 27.5% in 3 years, 30.9% in 5 years. while its benchmark index (Nifty 500) generated 3.8% in 1 year, 19.5% in 3 years, and 22.8% in 5 years.