Aditya Birla Sun Life Flexi Cap Fund Direct-Growth
HDFC Flexi Cap Direct Plan-Growth
Description
The fund seeks long-term growth of capital and regular income through 90% investment in equities and 10% in debt and money market securities. The scheme would adopt top-down & bottom-up approach of investing & a portion of the scheme will also be invested in IPOs, emerging sectors & other primary market offerings.
The scheme seeks to generate capital appreciation / income from a portfolio, predominantly invested in equity & equity related instruments.
Fund Manager
Harish Krishnan, Dhaval Joshi
Amit Ganatra, Dhruv Muchhal
AMC
Aditya Birla Sun Life Mutual Fund
HDFC Mutual Fund
Taxation
Equity
Equity
Launch Date
31 Dec 2012
31 Dec 2012
Portfolio Overlap
35.3%
Moderate overlap
common holdings
35.3% of the combined portfolio weight is common between Aditya Birla Sun Life Flexi Cap Fund Direct-Growth and HDFC Flexi Cap Direct Plan-Growth.
23 stocks appear in both portfolios.
The largest shared holding is ICICI Bank Ltd., at 6.10% of Aditya Birla Sun Life Flexi Cap Fund Direct-Growth and 9.18% of HDFC Flexi Cap Direct Plan-Growth.
The funds share a meaningful part of their portfolios but still differ enough to add some diversification.
Largest common holdings
ICICI Bank Ltd.HDFC Bank Ltd.Axis Bank Ltd.Kotak Mahindra Bank Ltd.State Bank of IndiaSBI Life Insurance Company Ltd.Larsen & Toubro Ltd.Bharti Airtel Ltd.
HDFC Flexi Cap Direct Plan-Growth has delivered the higher 3-year CAGR (17.95% vs 17.19%). HDFC Flexi Cap Direct Plan-Growth is the cheaper of the two with an expense ratio of 0.74% against 0.90%. HDFC Flexi Cap Direct Plan-Growth manages the larger corpus at ₹1.06 L Cr. There is no single "better" fund — the right choice depends on your holding period, risk appetite and what you already own. Use the returns, risk and portfolio overlap tables above to judge which fits your portfolio, and remember that past returns do not guarantee future performance.
Over 1 year, Aditya Birla Sun Life Flexi Cap Fund Direct-Growth returned 13.04% against 6.87% for HDFC Flexi Cap Direct Plan-Growth; and over 3 years, HDFC Flexi Cap Direct Plan-Growth leads with a 17.95% CAGR versus 17.19%. Returns beyond one year are CAGR (annualised). Short-period returns are heavily influenced by market cycles, so compare over at least three to five years before drawing conclusions.
HDFC Flexi Cap Direct Plan-Growth has the lower expense ratio at 0.74%, compared with 0.90% for Aditya Birla Sun Life Flexi Cap Fund Direct-Growth — a difference of 0.16% a year. The expense ratio is deducted from NAV daily, so a lower ratio directly improves your net return, though it should not be the only reason to pick a fund.
Both Aditya Birla Sun Life Flexi Cap Fund Direct-Growth and HDFC Flexi Cap Direct Plan-Growth carry a "Very High" rating on the SEBI Riskometer. Within the same riskometer band, differences still show up in maximum drawdown, volatility and market-cap mix — all of which are compared in the tables above.
The portfolio overlap between the two funds is 35.3%, which is considered moderate. At this level the funds share a meaningful part of their portfolios but still differ enough to add some diversification. You can see the shared stocks in the overlap section above.
Yes — both are Equity: Flexi Cap funds, which means they follow similar mandates and are benchmarked against comparable indices. That makes a direct comparison of returns, expense ratio and risk meaningful.
Aditya Birla Sun Life Flexi Cap Fund Direct-Growth has a NAV of ₹2232.57 and an AUM of ₹26.73k Cr, and was launched on 31 Dec 2012. HDFC Flexi Cap Direct Plan-Growth has a NAV of ₹2295.52 and an AUM of ₹1.06 L Cr, launched on 31 Dec 2012. NAV on its own says nothing about how expensive or cheap a fund is — only the return on it matters.
