HDFC Flexi Cap: What’s Driving Investor Interest?
One of India’s most popular mutual fund schemes, HDFC Flexi Cap, has continued to attract investor attention in 2025. With over ₹75,000 crore in assets under management (AUM), it ranks as the second-largest flexi cap fund in India. The fund’s dynamic strategy allows it to invest across large, mid, and small-cap stocks — offering flexibility and long-term growth potential.
But what exactly is this fund buying? Let’s break down the top 5 most-bought stocks in the recent half-year and see if they match your investment picks.
1. Swiggy – A New & Bold Entry
HDFC Flexi Cap recently added Swiggy, the popular food delivery and quick-commerce platform, into its portfolio. With Swiggy making progress toward a potential IPO, HDFC AMC’s move indicates long-term confidence in the digital-first ecosystem.
Why it matters:
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Entry into India’s growing quick-commerce segment.
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Plays on consumption and digital behavior.
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First-time investment shows fund’s openness to tech disruptors.
2. ICICI Bank – A Steady Performer
As expected, ICICI Bank remains a core holding in HDFC Flexi Cap. The bank continues to deliver strong earnings and maintains healthy asset quality.
Key reasons for continued stake:
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Solid loan book growth.
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Stable margins despite rising interest rates.
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Consistent dividend history.
3. Infosys – Trimming, But Still Bullish
While the fund trimmed its stake slightly in Infosys, it remains among the top holdings. The IT giant faced temporary margin pressures, but HDFC continues to stay invested due to its long-term digital transformation thesis.
Pro tip: Small dips are being used as rebalancing opportunities, not exits.
4. Reliance Industries – Energy + Retail Bet
HDFC Flexi Cap has increased exposure to Reliance Industries, betting on growth in energy, telecom (Jio), and retail. With multiple demergers expected (e.g., Jio Financial Services), the fund anticipates long-term value unlocking.
What’s attractive:
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Expansion in renewables and green energy.
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Jio’s performance across telecom and broadband.
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Future retail IPO possibilities.
5. Larsen & Toubro (L&T) – Infra Boost
With the government pushing infrastructure and capital expenditure, L&T continues to be a major bet for the fund. It fits well into India’s long-term infrastructure growth story.
Growth signals:
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Strong order book in infra and engineering.
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Global defense and EPC contracts.
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Focus on digital & smart infra projects.
Quick Summary Table
| Stock Name | Action Taken | Sector | Reason for Move |
|---|---|---|---|
| Swiggy | New Addition | Digital/Tech | IPO-ready, fast growth, tech disruption |
| ICICI Bank | Holding Steady | Banking | Solid balance sheet, consistent growth |
| Infosys | Slight Trimming | IT Services | Rebalancing amid short-term pressure |
| Reliance Industries | Stake Increased | Conglomerate | Value unlocking via demergers |
| L&T | Core Holding | Infrastructure | Government capex and infra focus |
FAQs
Q1. Is HDFC Flexi Cap Fund suitable for long-term investors?
Yes, the fund’s diversified strategy across market caps makes it a good long-term choice.
Q2. Why did the fund add Swiggy?
Swiggy is seen as a high-growth digital business with IPO potential. The fund aims to benefit early from its valuation upside.
Q3. Is trimming Infosys a bad sign?
Not necessarily. It may indicate short-term rebalancing, not a lack of confidence.
Conclusion: Should You Mirror HDFC Flexi Cap’s Moves?
HDFC Flexi Cap is known for its disciplined and research-backed investing. If you hold any of these 5 stocks already, you’re aligned with one of India’s smartest fund houses. If not, this may be the time to study these businesses closely. Remember, investing isn’t about copying – it’s about understanding why a stock is being picked.
Want to know more about how to start SIPs in top funds like HDFC Flexi Cap?
👉 Check out our post: How to Apply for an IPO on Groww using UPI
According to Moneycontrol, Swiggy’s addition was one of the fund’s most interesting moves in early 2025.
