Total Networth

5,521.89 Cr.

Launched in 1995, the HDFC Equity Fund is an open-ended equity investment scheme that has now been renamed as the HDFC Flexi Cap Fund. It follows the dynamic asset allocation strategy and invests across large cap, mid-cap and small-cap stocks in the Indian equity market. The fund also has a diversified portfolio distributed across different market sectors to strike an optimal balance between risk and reward with a net worth of Rs. 2,400 crores with holdings in across 4 companies which are Firstsource Solutions Ltd., Tamil Nadu Newsprint & Papers Ltd., MM Forgings Ltd., and Anup Engineering Ltd. Typically, the erstwhile HDFC Equity Fund invests in companies that are financially strong and have a noticeable competitive advantage over their peers. Therefore, it carries no lock-in period and uses the NIFTY 500 Total Returns Index as a benchmark. As of February 2024, the top sectors in the erstwhile HDFC Equity Fund’s portfolio include software and services, commercial services and general industrials.