Many investors compare HDFC Flexi Cap Fund Direct Growth (formerly HDFC Equity Fund) and Kotak Flexicap Fund Direct Growth (earlier known as Kotak Select Focus) when looking for a good flexi cap fund. Both are established funds from reputed AMCs, but they differ in size, cost, performance, and investment style. Here’s a straightforward comparison based on the latest data from Groww as of mid-May 2026.
Fund Basics
- HDFC Flexi Cap Fund: NAV ₹2,128.27, AUM ₹1,00,479 Cr, Expense Ratio 0.91%, Minimum SIP ₹100, Rating 5 stars.
- Kotak Flexicap Fund: NAV ₹94.32, AUM ₹54,838 Cr, Expense Ratio 0.61%, Minimum SIP ₹100, Rating 3 stars.
- Risk Rating for both: Very High.
Returns Comparison
- 1 Year Returns: HDFC Flexi Cap Fund returned around -0.40% to -2.59%, while Kotak Flexicap Fund gave around -1.40%.
- 3 Year Annualised Returns: HDFC Flexi Cap Fund has performed better at around +18.6%, compared to Kotak Flexicap Fund at +15.2%.
- Over longer periods (5 years and 10 years), HDFC Flexi Cap Fund has shown stronger returns in most comparisons.
Past performance is not indicative of future results.
Portfolio Style and Holdings
- HDFC Flexi Cap Fund holds around 68 stocks with a concentrated portfolio and heavy exposure to the financial sector. Top holdings include ICICI Bank (8.69%), Axis Bank (6.83%), HDFC Bank (6.81%), and State Bank of India (4.74%).
- Kotak Flexicap Fund holds around 57 stocks and follows a more focused sectoral approach. Top holdings include Bharat Electronics (5.78%), HDFC Bank (5.56%), ICICI Bank (5.07%), State Bank of India (4.64%), and Jindal Steel (4.24%).
Investment Objective
- HDFC Flexi Cap Fund: Aims for capital appreciation by investing across large, mid, and small cap companies.
- Kotak Flexicap Fund: Seeks long-term capital appreciation by investing in equity and equity-related securities, often focusing on selected sectors.
Which Fund Is Right for You?
- Consider HDFC Flexi Cap Fund if you prefer a very large fund, stronger recent performance, and higher star rating.
- Consider Kotak Flexicap Fund if you want a much lower expense ratio and a more focused investment style.
Bottom line: There is no clear winner. HDFC Flexi Cap Fund leads on performance, size, and track record, while Kotak Flexicap Fund wins on lower costs. Your choice should depend on your risk appetite, investment horizon (ideally 5+ years), and portfolio needs. Many investors hold both for better diversification.
Disclaimer: Mutual fund investments are subject to market risks. Please read the scheme information document and other related documents carefully before investing. Past performance is not indicative of future results. The information provided in this article is for informational purposes only and should not be construed as investment advice. Consult a financial advisor before making any investment decisions.