HDFC Flexi Cap Fund vs ITI Flexi Cap Fund
HDFC Flexi Cap Fund and ITI Flexi Cap Fund are both Flexi Cap funds. As of 4 Nov 2026 (Direct plan, Growth option): 3-year CAGR +16.49% vs +19.17%, 5-year CAGR +15.88% vs —, volatility 12.93% vs 17.01%, maximum drawdown −41.84% vs −21.44%. Their portfolios overlap by 30.8% (25 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| HDFC Flexi Cap | ITI Flexi Cap | |
|---|---|---|
| Fund house | HDFC Mutual Fund | ITI Mutual Fund |
| Compared as | Flexi Cap | Flexi Cap |
| NAV | ₹2,255.0630 | ₹21.1225 |
| NAV date | 4 Nov 2026 | 4 Nov 2026 |
| Launched (first NAV) | 1 Jan 2013 | 22 Feb 2023 |
| Track record | 13.8 yrs | 3.7 yrs |
| Fund size (AUM) | ₹108,547 Cr | ₹1,588 Cr |
| Securities held | 84 | 82 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| HDFC Flexi Cap | ITI Flexi Cap | |
|---|---|---|
| 1 month | +4.65% | +2.37% |
| 3 months | −1.97% | +0.31% |
| 6 months | +3.85% | +9.09% |
| 1 year | −0.19% | +11.04% |
| 3 years (CAGR) | +16.49% | +19.17% |
| 5 years (CAGR) | +15.88% | — |
| 7 years (CAGR) | +17.99% | — |
| 10 years (CAGR) | +16.02% | — |
| Since launch (CAGR) | +15.78% | +22.65% |
| SIP return (XIRR, 5 years) ⓘ | +14.53% | — |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| HDFC Flexi Cap | ITI Flexi Cap | |
|---|---|---|
| 2026 (year to date) | −0.77% | +9.45% |
| 2025 | +12.16% | +4.71% |
| 2024 | +24.33% | +28.10% |
| 2023 | +31.45% | — |
| 2022 | +19.09% | — |
| 2021 | +37.00% | — |
Risk
| HDFC Flexi Cap | ITI Flexi Cap | |
|---|---|---|
| Volatility (annualised) ⓘ | 12.93% | 17.01% |
| Downside volatility ⓘ | 9.17% | 11.20% |
| Sharpe ratio ⓘ | 0.77 | 0.75 |
| Sortino ratio ⓘ | 1.09 | 1.13 |
| Maximum drawdown ⓘ | −41.84% | −21.44% |
| Recovery from that fall | 9 months | 15 months |
| Current fall from peak | −2.19% | −1.42% |
| Rolling 1-year return: worst | −38.24% | −6.12% |
| Rolling 1-year return: median | +14.49% | +11.04% |
| Rolling 1-year return: best | +99.62% | +58.84% |
| Share of 1-year periods with a loss | 17.37% | 8.57% |
Against each fund's benchmark
| HDFC Flexi Cap | ITI Flexi Cap | |
|---|---|---|
| Beta ⓘ | 0.82 | 1.05 |
| Alpha (Jensen's, annualised) ⓘ | +5.48% | +7.24% |
| R² ⓘ | 92.41 | 88.59 |
| Upside capture | 100.20% | 127.39% |
| Downside capture | 69.30% | 97.84% |
| Tracking error | 4.62% | 5.96% |
| Information ratio | 1.21 | 1.36 |
| Treynor ratio | 11.30 | 11.22 |
Portfolio
Asset mix
| HDFC Flexi Cap | ITI Flexi Cap | |
|---|---|---|
| Equity | 94.97% | 94.04% |
| REITs / InvITs | 2.29% | 0.00% |
| Cash & equivalents | 2.28% | 5.64% |
| Debt | 0.46% | 0.00% |
| Mutual Fund Units | 0.00% | 0.32% |
Market-cap split (share of fund assets)
| HDFC Flexi Cap | ITI Flexi Cap | |
|---|---|---|
| Large Cap | 69.93% | 44.66% |
| Mid Cap | 14.52% | 15.49% |
| Small Cap | 9.85% | 29.21% |
| Unclassified | 0.67% | 4.68% |
Concentration
| HDFC Flexi Cap | ITI Flexi Cap | |
|---|---|---|
| Top 10 holdings | 43.68% | 25.96% |
| Effective number of stocks ⓘ | 34.3 | 66.9 |
| Securities held | 84 | 82 |
Portfolio overlap: 30.8%
25 companies are held by both funds; by weight, 30.8% of the two portfolios is the same. That is a moderate overlap.
| Held by both | HDFC Flexi Cap | ITI Flexi Cap |
|---|---|---|
| ICICI Bank Limited | 8.80% | 4.61% |
| HDFC Bank Limited | 6.03% | 3.56% |
| Bharti Airtel Limited | 2.62% | 2.27% |
| Larsen & Toubro Limited | 3.08% | 2.07% |
| State Bank of India | 3.94% | 2.06% |
| Axis Bank Limited | 6.11% | 1.73% |
| Divi's Laboratories Limited | 1.62% | 1.68% |
| Kotak Mahindra Bank Limited | 3.40% | 1.57% |
| Reliance Industries Limited | 1.40% | 3.48% |
| Bosch Limited | 1.30% | 1.20% |
| Eternal Limited | 3.46% | 1.19% |
| TVS Motor Company Ltd. | 0.96% | 1.11% |
| UltraTech Cement Limited | 0.87% | 0.92% |
| InterGlobe Aviation Limited | 2.99% | 0.86% |
| Maruti Suzuki India Limited | 2.57% | 0.81% |
Top 10 holdings
HDFC Flexi Cap
- ICICI Bank Limited8.80%
- Axis Bank Limited6.11%
- HDFC Bank Limited6.03%
- State Bank of India3.94%
- Eternal Limited3.46%
- Kotak Mahindra Bank Limited3.40%
- SBI Life Insurance Company Limited3.25%
- Larsen & Toubro Limited3.08%
- InterGlobe Aviation Limited2.99%
- Bharti Airtel Limited2.62%
ITI Flexi Cap
- ICICI Bank Limited4.61%
- HDFC Bank Limited3.56%
- Reliance Industries Limited3.48%
- Aditya Infotech Limited2.62%
- Bharti Airtel Limited2.27%
- Larsen & Toubro Limited2.07%
- State Bank of India2.06%
- Ather Energy Limited1.82%
- Apar Industries Limited1.74%
- Axis Bank Limited1.73%
Sector exposure
| HDFC Flexi Cap | ITI Flexi Cap | |
|---|---|---|
| Banks | 28.28% | 15.94% |
| Pharmaceuticals & Biotechnology | 8.41% | 7.47% |
| Automobiles | 8.24% | 4.41% |
| Industrial Products | 0.00% | 5.84% |
| Retailing | 5.82% | 1.55% |
| Auto Components | 3.22% | 5.59% |
| IT - Software | 4.93% | 1.77% |
| Chemicals & Petrochemicals | 0.00% | 4.26% |
| Healthcare Services | 4.12% | 0.00% |
| Industrial Manufacturing | 0.00% | 3.93% |
| Construction | 3.66% | 2.94% |
| Insurance | 3.53% | 0.75% |
| Electrical Equipment | 0.74% | 3.51% |
| Petroleum Products | 1.63% | 3.48% |
Questions people ask
What is the difference between HDFC Flexi Cap and ITI Flexi Cap returns?
As of 4 Nov 2026, Direct plan Growth option: 1-year return −0.19% vs +11.04%; 3-year CAGR +16.49% vs +19.17%; 5-year CAGR +15.88% vs —; 10-year CAGR +16.02% vs —. Past returns do not indicate future returns.
How do HDFC Flexi Cap and ITI Flexi Cap compare on risk?
Volatility (36 monthly returns, annualised) 12.93% vs 17.01%; Sharpe ratio 0.77 vs 0.75; Sortino ratio 1.09 vs 1.13; maximum drawdown −41.84% vs −21.44%; beta 0.82 vs 1.05.
How much do HDFC Flexi Cap and ITI Flexi Cap overlap?
By weight, 30.8% of the two portfolios is invested in the same companies; 25 stocks are held by both, the largest shared positions being ICICI Bank Limited, HDFC Bank Limited, Bharti Airtel Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of HDFC Flexi Cap and ITI Flexi Cap?
HDFC Flexi Cap: large cap 69.9%, mid cap 14.5%, small cap 9.9%. ITI Flexi Cap: large cap 44.7%, mid cap 15.5%, small cap 29.2% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
More comparisons
HDFC Flexi Cap vs
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 4 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.