According to data available on the fund’s official website, the Direct Plan-Growth option of the scheme has delivered a return of around 20% compounded annual growth rate (CAGR) since inception as of May-June 2026.
The Regular Plan-Growth option, referenced in the company statement, reported a since-inception return of 17.13% CAGR as of May 29, compared with 15.04% CAGR for its benchmark over the same period.
The fund primarily invests in mid-cap companies, which are generally considered businesses with higher growth potential than large-cap firms but also carry relatively higher market volatility and liquidity risks.
Financial advisers often caution that mid-cap funds can witness sharp swings during periods of market correction and may be more suitable for investors with a higher risk appetite and longer investment horizon.
Analysts say India’s ongoing themes such as manufacturing expansion, rising domestic consumption, digitalisation and formalisation of the economy could support growth opportunities for several mid-sized companies.
However, market experts also note that valuations in parts of the mid-cap segment have remained elevated in recent years, increasing the importance of stock selection and risk management.
As per the fund disclosure, the scheme follows a bottom-up stock selection strategy focused on management quality, scalable business models, competitive positioning and valuations.
The fund’s AUM stood at ₹97,350.48 crore as of May 31, 2026, according to the official fund page.
Commenting on the milestone, Navneet Munot, Managing Director & Chief Executive Officer, HDFC Asset Management, said the fund’s journey reflected a long-term investment approach maintained across multiple market cycles.
The scheme is managed by Chirag Setalvad, according to the company website.
