HDFC Flexi Cap Fund ka size ab **₹1.13 lakh crore** cross kar gaya hai, lekin pichle ek saal mein fund ke returns mein **4%** ki girawat dikhi hai. Management ab mid-cap stocks ki taraf shift kar raha hai taaki purani raftar wapas aa sake.
Itna bada fund, itni badi chinta!
Jab kisi fund ka size ₹1.13 lakh crore (as of October 2026) ho jaye, toh market mein badi trades execute karna mushkil ho jata hai. Isse 'liquidity friction' kehte hain, jahan fund manager chah kar bhi jaldi decisions nahi le pata. Iska asar fund ki performance par saaf dikh raha hai.
Performance ka kya scene hai?
Manager Amit Ganatra ke under fund ne long-term mein toh dam dikhaya hai. 3-year aur 5-year CAGR 14% aur 15% ke aas-paas hai. Lekin, short-term mein 4% ka negative return ek warning signal hai. Scale bada hone se agility kam ho gayi hai, jo chhote funds mein zyada milti hai.
Strategy mein bada badlav
Ab management ne mid-cap stocks par daanv lagana shuru kiya hai. Large-cap market ab saturated lag raha hai, toh fund manager ab top 100 companies se bahar opportunities dhoondh rahe hain taaki wapas flexibility mil sake.
Banking sector ka hold
Portfolio abhi bhi banking aur financial services mein heavy hai. HDFC Bank, ICICI Bank, aur Axis Bank mein bade stakes hain. Iska matlab hai ki agar banking sector hilega, toh fund bhi hilega. Expense ratio 57 basis points par competitive hai, jo thodi rahat ki baat hai.
Bottomline: Investors ko ab ye dekhna hoga ki kya ye mid-cap rotation fund ko wapas track par la pata hai ya nahi.