HDFC Multi Cap Fund Direct - Growth

Q: What are the returns of this mutual fund scheme?

The HDFC Multi Cap Fund Direct - Growth is a 4 yrs 2 m old fund and has delivered average annual returns of 16.95% since inception. HDFC Multi Cap Fund Direct - Growth Returns 1-Year 3-Year Since Inception 5.84% 20.02% 16.95%

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹19.203-0.59% 1 day change	16.95% p.a.	App exclusive #NA View Ranked Funds	₹19,885 Cr

Historical NAV & returns

NAV: ₹19.203 as on Feb 02, 2026

This fund Category average

HDFC Multi Cap Fund overview

Expense ratio	0.77% as on Feb 02, 2026
Exit load	1.0% Exit load of 1% if redeemed within 1 year.!
AUM (Fund size)	₹19,885 Cr
Lock-in Period	Nil
Age	4 yrs 2 m since Nov 23, 2021
Benchmark	Nifty 500 Multicap 50:25:25 TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Risk	Very High
Short term capital gains (STCG)	Returns taxed at 20% if you redeem before 1 year
Long term capital gains (LTCG)	After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

HDFC Multi Cap Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Feb 03, 2026

Period	This fund	Category average
1 Month	-5.22%	-5.27%
3 Months	-6.14%	-6.24%
6 Months	-1.61%	-2.04%
1 Year	5.84%	5.5%
2 Years	7.94%	8.69%
3 Years	20.02%	18.96%
4 Years	16.81%	14.35%

View returns in detail

Asset allocationas on Dec 31, 2025

Large Cap 46.21%

Mid Cap 26.1%

Small Cap 26.24%

Other Cap 0%

Top holdings

HDFC Bank Ltd.4.82%

ICICI Bank Ltd.2.94%

Reliance Industries Ltd.2.84%

Axis Bank Ltd.2.48%

Top sectors

Financial 24.35%

Automobile 9.850000000000001%

Services 9.41%

Technology 8.900000000000002%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Bifurcation by Holding is not available for this fund

Allocation by Instruments

Repo 1.42%

Real Estate Investment Trusts 0.49%

Other Holdings

Others 1.42%

Embassy Office Parks REIT 0.49%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
HDFC Multi Cap Fund	-5.22%	-1.61%	5.84%	20.02%	N.A.	N.A.
Nippon India Multi Cap Fund	-5.47%	-3.96%	7.1%	21.43%	23.11%	16.73%
ICICI Prudential Multicap Fund	-5.09%	-1.47%	5.44%	19.9%	17.9%	16.54%
Mahindra Manulife Multi Cap Fund	-4.81%	-0.45%	8.45%	21.91%	20.66%	15.01%
ITI Multi Cap Fund	-5.45%	-0.81%	8.03%	20.82%	14.97%	10.06%
Baroda BNP Paribas Multi Cap Fund	-5.09%	-1.52%	2.12%	18.3%	18.18%	15.93%

Fund name	Std. deviation	Beta	Sharpe	Sortino
HDFC Multi Cap Fund	14.3	0.97	0.95	1.37
Nippon India Multi Cap Fund	13.26	0.87	1.1	1.65
ICICI Prudential Multicap Fund	12.45	0.82	1.07	1.74
Mahindra Manulife Multi Cap Fund	14.44	0.95	1.05	1.49
ITI Multi Cap Fund	14.95	1.0	0.95	1.19
Baroda BNP Paribas Multi Cap Fund	13.81	0.9	0.88	1.09

Fund name	ETM Rank	AUM	Fund age	Expense ratio
HDFC Multi Cap Fund	N.A.	19,885 Cr	4 yrs 2 m	0.77%
Nippon India Multi Cap Fund	N.A.	50,352 Cr	13 yrs 1 m	0.72%
ICICI Prudential Multicap Fund	N.A.	16,263 Cr	13 yrs 1 m	0.94%
Mahindra Manulife Multi Cap Fund	N.A.	6,133 Cr	8 yrs 9 m	0.42%
ITI Multi Cap Fund	N.A.	1,349 Cr	6 yrs 9 m	0.34%
Baroda BNP Paribas Multi Cap Fund	N.A.	3,142 Cr	13 yrs 1 m	0.9%

View all Multi Cap funds

Key risk & return ratios Compared to other funds in the category

Alpha	2.13 vs. 3.63 Underperformed at beating benchmark
Sharpe	0.95 vs. 3.56 Poor risk-adjusted returns
Beta	0.97 vs. 0.56 More sensitive to market's ups & downs
Standard deviation	14.3 vs. 6.99 More volatile performance

About this fund

About HDFC Multi Cap Fund

HDFC Multi Cap Fund Direct - Growth is a Multi Cap mutual fund scheme from Hdfc Mutual Fund. This fund has been in existence for 4 yrs 2 m, having been launched on 23/11/2021. HDFC Multi Cap Fund Direct - Growth has ₹19,885 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of HDFC Multi Cap Fund Direct - Growth as of 02/02/2026 is ₹19.20. The fund has an expense ratio of 0.77%, which is higher than what most other Multi Cap funds charge.

HDFC Multi Cap Fund Direct - Growth returns of last 1-year are 4.84%. Since launch, it has delivered 17.02% average annual returns. The fund has doubled the money invested in it every 4 yrs.
HDFC Multi Cap Fund Direct - Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is average.
The fund has the majority of its money invested in Financial, Automobile, Services, Technology, Consumer Staples sectors. It has taken less exposure in Financial, Automobile sectors compared to other funds in the category.
The fund's top 5 holdings are in HDFC Bank Ltd., ICICI Bank Ltd., Reliance Industries Ltd., Axis Bank Ltd., Britannia Industries Ltd..

...

Fund AUM	19,885 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Gopal Agrawal

Mr.Agrawal is a B.E and MBM. Prior to joining HDFC Mutual Fund he has worked with DSP Mutual Fund, Tata AMC, Mirae Asset Mutual Fund ,SBI Mutual Fund, Kotak Securities, HDFC Securities, IDBI Capital, UTI Securities and IPCL.

Investment objective

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.

HDFC Mutual Fund details

No. of schemes	78 view all schemes
Total AUM	9,43,197 Cr as on Dec 31, 2025
Address	"HDFC House", 2nd Floor, H. T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate Mumbai, 400020
Email	shareholders.relations@hdfcfund.com
Phone	022 ? 66316333

More funds from HDFC Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
HDFC Infrastructure Fund	N.A.	2,452 Cr	9.18%	25.14%
HDFC Mid Cap Fund	N.A.	92,642 Cr	13.4%	24.19%
HDFC Small Cap Fund	N.A.	37,753 Cr	6.19%	23.32%
HDFC Focused Fund	N.A.	26,537 Cr	11.45%	23.07%
HDFC Flexi Cap Fund	N.A.	96,295 Cr	12.52%	21.54%
HDFC Dividend Yield Fund	N.A.	6,105 Cr	6.76%	19.96%

See all Equity funds from this AMC

Frequently asked questions

What is the current NAV of HDFC Multi Cap Fund Direct - Growth?

The current Net Asset Value (NAV) of the HDFC Multi Cap Fund - Direct Growth plan is approximately ₹19.203 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The HDFC Multi Cap Fund Direct - Growth is a 4 yrs 2 m old fund and has delivered average annual returns of 16.95% since inception.

HDFC Multi Cap Fund Direct - Growth Returns

1-Year	3-Year	Since Inception
5.84%	20.02%	16.95%

How much does this mutual fund charge as expense ratio?

The HDFC Multi Cap Fund - Direct Growth has an expense ratio of 0.77%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The HDFC Multi Cap Fund currently has assets under management (AUM) or fund size valued at approximately 19,885 Cr as on Dec 31, 2025.

What are the top stock holdings of HDFC Multi Cap Fund?

The HDFC Multi Cap Fund has invested the majority of its money in the stocks of the following companies -

Company	Percentage of Portfolio
HDFC Bank Ltd.	4.82%
ICICI Bank Ltd.	2.94%
Reliance Industries Ltd.	2.84%
Axis Bank Ltd.	2.48%
Britannia Industries Ltd.	2.39%
Bharti Airtel Ltd.	2.21%
Infosys Ltd.	1.77%
ITC Ltd.	1.66%
Larsen & Toubro Ltd.	1.62%
Mahindra & Mahindra Ltd.	1.55%

What are the top sectors HDFC Multi Cap Fund has invested in?

The HDFC Multi Cap Fund has primarily invested in the following sectors

Sector	Percentage of Portfolio
Financial	24.35%
Automobile	9.850000000000001%
Services	9.41%
Technology	8.900000000000002%
Consumer Staples	7.680000000000001%
Healthcare	6.72%
Energy	6.6899999999999995%
Capital Goods	6.0%
Insurance	3.69%
Construction	3.2%

What is risk level of HDFC Multi Cap Fund?

This is a Multi Cap fund comes with Very High risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in HDFC Multi Cap Fund Direct - Growth?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. The whole process takes just a few minutes. Here's how it works:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for HDFC Multi Cap Fund - Direct Growth, select your investment mode (lump sum or SIP), and enter the investment amount.
Provide the required details, including the bank account you'll use for payment, and confirm your investment.

That's it. Your investment in the HDFC Multi Cap Fund is complete.

How can I redeem my investments in HDFC Multi Cap Fund?

Redeeming your investments in the HDFC Multi Cap Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.