Fund Pick: HDFC Flexi Cap Fund is enduring innings at the crease

In the past three years, the fund took exposure across market capitalisations, with predominant allocation to large-cap stocks (averaging 79.88 per cent)

Launched in January 1995, the HDFC Flexi Cap Fund has featured in the top 30th percentile of the flexi-cap category of CRISIL Mutual Fund Ranking (CMFR) for three consecutive quarters through December 2022.

The fund’s month-end assets under management increased to Rs 31,673 crore in February 2023, from Rs 21,417 crore in February 2020.

Roshi Jain has been managing the fund since July 2022.

The investment objective of the scheme is to generate capital appreciation from a portfolio predominantly invested in equity and equity-related instruments.

Trailing returns

The fund has outperformed the benchmark (Nifty 500 Total Returns Index) and its