HDFC Multicap Fund
HDFC Multicap Fund is a multi cap fund with ₹19,481 cr under management. It is ahead of its benchmark (NIFTY 500 Multicap 50:25:25 Total Return Index) in 0 of 2 periods. Its direct plan charges 0.96% a year. Amar Kalkundrikar has managed it for 1.1 years.
Has HDFC Multicap Fund beaten its benchmark?
Ahead of its benchmark, NIFTY 500 Multicap 50:25:25 Total Return Index, in 0 of 2 periods in AMFI's figures; −5.27% over the last year against −2.00%.
Official figures
AMFI performance feed, 13 Oct 2026| Period | Direct | Regular | Benchmark | Ahead | Rank |
|---|---|---|---|---|---|
| 1y | −5.27% | −6.09% | −2.00% | −3.27 | 🔒 |
| 3y | +10.00% | +8.93% | +10.75% | −0.75 | 🔒 |
| 5y | — | — | — | — | — |
| 10y | — | — | — | — | — |
What does HDFC Multicap Fund cost?
0.96% a year on the direct plan, 1.79% on the regular plan; 16 of 33 funds in its category charge less.
Who manages HDFC Multicap Fund?
Amar Kalkundrikar, since 1 Sep 2025; Gopal Agrawal, since 1 Sep 2026; Bhagyesh Kagalkar, since 26 Aug 2026.
What does HDFC Multicap Fund hold?
Not read yet: the fund house's monthly portfolio file is not covered so far.
Questions people ask
Who manages HDFC Multicap Fund?
Amar Kalkundrikar (manager) since 1 Sep 2025; Gopal Agrawal (manager) since 1 Sep 2026; Bhagyesh Kagalkar (manager) since 26 Aug 2026.
What is the expense ratio of HDFC Multicap Fund?
0.96% a year on the direct plan and 1.79% on the regular plan (expense report, Oct 2026).
How has HDFC Multicap Fund done?
Its direct plan returned +10.00% a year over 3 years against +10.75% for its benchmark, NIFTY 500 Multicap 50:25:25 Total Return Index, as of 13 Oct 2026.




