HDFC Asset Management Company (HDFC AMC) has reached a major milestone in India’s mutual fund industry as its flagship equity scheme, HDFC Flexi Cap Fund, has officially crossed Rs 1 lakh crore in assets under management (AUM).
This development places the scheme among the largest flexi cap mutual funds in the country and highlights the growing scale of retail participation in equity-oriented mutual fund products.
The fund, which is one of HDFC AMC’s most widely tracked schemes, has seen strong investor interest over the years and continues to remain an important name in India’s mutual fund landscape.
HDFC Flexi Cap Fund achieves major AUM milestone
The announcement that HDFC Flexi Cap Fund AUM has crossed Rs 1 lakh crore is being seen as a significant achievement for both the scheme and the mutual fund industry as a whole.
AUM refers to the total market value of investments that a mutual fund manages on behalf of investors. When a scheme reaches such a high AUM level, it reflects strong investor confidence, long-term inflows, and wide acceptance among market participants.
This milestone also highlights the increasing demand for flexi cap funds, which offer portfolio diversification across different market capitalisation segments.
One of India’s oldest equity mutual funds
HDFC Flexi Cap Fund is not a new entrant. The scheme was launched in January 1995, making it one of the longest-running mutual funds in India.
Over the decades, the fund has operated through multiple phases of the Indian stock market, including global financial crises, economic slowdowns, bull markets, and periods of sharp volatility. Its long-term survival and growth have made it a well-recognised name among investors.
The scheme’s long history is one reason it continues to be closely followed by market observers, especially when large AUM milestones are achieved.
Flexi cap strategy: freedom to invest across market segments
One key factor behind the popularity of the fund is its investment structure. The scheme follows a flexible equity mandate, which means it is not restricted to investing in only one market segment.
Unlike category-specific equity funds, flexi cap funds have the freedom to invest in:
- Large-cap stocks
- Mid-cap stocks
- Small-cap stocks
This allows the fund manager to shift allocation depending on market valuation, sector opportunities, and economic conditions.
For example, if large-cap stocks appear expensive but mid-cap stocks offer stronger growth potential, the fund can increase mid-cap exposure. Similarly, during uncertain conditions, the fund can increase allocation towards relatively stable large-cap companies.
This flexibility makes flexi cap schemes attractive to investors who want diversified equity exposure under one portfolio.
Fund management update: Amit Ganatra takes charge
The report also mentioned that the scheme is currently being managed by Amit Ganatra.
He took over the management of the scheme from Roshni Jain, who previously handled the fund. Amit Ganatra has reportedly been managing the scheme since February 1.
In the mutual fund space, changes in fund managers are always noted carefully because portfolio decisions, sector allocation, and stock selection strategies can differ depending on the manager’s investment style.
However, HDFC AMC is known for maintaining a structured research-driven process, and its schemes generally follow disciplined investment approaches.
Why Rs 1 lakh crore AUM is a big deal
Crossing the Rs 1 lakh crore mark is considered a rare achievement in the mutual fund industry.
Only a small number of schemes in India have reached such a large size. This shows that the scheme has a strong investor base and has managed to attract consistent inflows over time.
A high AUM figure can indicate:
- Strong investor trust in the scheme
- Consistent participation through SIPs
- High brand value of the fund house
- Long-term performance perception
- Broad distribution and market presence
This milestone is also important because it reflects the overall expansion of the Indian mutual fund industry, which has been seeing steady growth due to digital platforms and increasing financial awareness.
Flexi cap funds gaining stronger investor attention
Flexi cap funds have emerged as one of the most popular categories among equity mutual funds, mainly because of their ability to adapt to market conditions.
Over the past few years, market leadership has frequently shifted between large-cap, mid-cap, and small-cap stocks. During such changing cycles, investors often prefer funds that can dynamically balance exposure rather than being forced to remain in one segment.
This category has also benefited from the rise of SIP culture in India, as more investors have started allocating monthly contributions into diversified equity schemes.
The milestone achieved by HDFC Flexi Cap Fund reflects how strong this category has become in terms of investor participation.
HDFC AMC strengthens leadership in mutual fund industry
HDFC AMC remains one of India’s largest and most trusted asset management companies.
With the HDFC Flexi Cap Fund crossing Rs 1 lakh crore AUM, the company has further strengthened its standing in the equity mutual fund market.
This development also signals that HDFC AMC continues to hold strong influence in the industry despite growing competition from newer fund houses.
Large-scale schemes like this are closely tracked not only by investors but also by market analysts because they provide insight into investor sentiment and trends in the mutual fund ecosystem.
What this means for the Indian mutual fund industry
The achievement is also a sign of the increasing maturity of India’s financial market ecosystem. A decade ago, equity mutual funds were not as widely adopted as they are today.
But today, with easy online investing, low-cost SIP options, and rising market awareness, mutual funds have become mainstream.
As a result, large equity schemes reaching massive AUM numbers is becoming more common, showing that the mutual fund industry is becoming an even bigger pillar of Indian financial markets.