HDFC Mid Cap Fund vs Old Bridge Flexi Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC Mid Cap Fund is a Mid Cap fund and Old Bridge Flexi Cap Fund is a Flexi Cap fund. HDFC Mid Cap Fund charges 0.74% a year and Old Bridge Flexi Cap Fund 1.56% (Direct plans). Their portfolios overlap 16.4%: they hold 9 of the same securities.
Which is better, HDFC Mid Cap or Old Bridge Flexi Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- HDFC Mid Cap costs less: 0.74% a year against 1.56% (Direct plans).
- HDFC Mid Cap fell less in its worst fall since 04-03-2026: −10.2% against −11.5%.
- Old Bridge Flexi Cap holds more in large companies: 24.3% of the fund in large caps against 10.4%.
- HDFC Mid Cap is the larger fund: ₹1,01,856 Cr against ₹451 Cr.
- Their portfolios overlap 16.4%: 9 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | HDFC Mid Cap Fund | Old Bridge Flexi Cap Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | Old Bridge Mutual Fund |
| Category | Mid Cap | Flexi Cap |
| AUM | ₹1,01,856 Cr (30-09-2026) | ₹451 Cr (30-09-2026) |
| NAV | ₹215.99 (Direct) | ₹10.28 (Direct) |
| Expense ratio (Direct) | 0.74% | 1.56% |
| Expense ratio (Regular) | 1.31% | 3.06% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Midcap 150 TRI | BSE 500 TRI |
| Launch date | 25-06-2007 | 02-03-2026 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Chirag Setalvad, Gopal Agrawal, Bhagyesh Kagalkar | Kenneth Joseph Andrade |
| Exit load | In respect of each purchase/switch-in of units, an Exit Load of 1.00% is payable if Units are redeemed/switched-out within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed/ switched-out after 1 year from the date of allotment. | Exit load of 1%, if redeemed within 365 days |
HDFC Mid Cap vs Old Bridge Flexi Cap: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| HDFC Mid Cap Fund (Direct) | −2.08% | −7.20% | −0.80% | −2.96% | +15.64% | +17.09% | +16.31% |
| Old Bridge Flexi Cap Fund (Direct) | −6.55% | −8.13% | −2.37% | -- | -- | -- | -- |
| Mid Cap average | −3.36% | −6.03% | −0.14% | −2.17% | +14.75% | +12.95% | +14.07% |
| Flexi Cap average | −1.62% | −4.17% | +1.00% | -- | -- | -- | -- |
Category average: the average of the 34 Mid Cap funds and the 46 Flexi Cap funds, same plan type.
HDFC Mid Cap vs Old Bridge Flexi Cap: Year-wise Returns
| Year | HDFC MidHDFC Mid Cap | Old Bridge FlexiOld Bridge Flexi Cap |
|---|---|---|
| 2026to date | −3.90% | -- |
| 2025 | +7.49% | -- |
| 2024 | +29.47% | -- |
| 2023 | +45.45% | -- |
| 2022 | +13.09% | -- |
| 2021 | +40.88% | -- |
HDFC Mid Cap vs Old Bridge Flexi Cap: Rolling Returns
Every holding period of both funds, against Nifty Midcap 150 TRI, the benchmark of HDFC Mid Cap Fund
HDFC Mid Cap vs Old Bridge Flexi Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC Mid Cap Fund (Direct) | Old Bridge Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +19.31% | +4.13% |
| Standard deviation | 15.40% | 12.47% |
| Sharpe ratio | 0.86 | -0.09 |
| Sortino ratio | 1.15 | -0.13 |
| Maximum drawdown | −39.5% (23-03-2020) | −11.5% (30-10-2026) |
| Beta | -- | 0.64 |
| Alpha | -- | +4.00% |
From daily NAVs, 01-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
HDFC Mid Cap Fund (Direct)
Old Bridge Flexi Cap Fund (Direct)
Nifty Midcap 150 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC Mid Cap Fund (Direct) | −10.2% | 25-08-2026 | 23-10-2026 | Not yet | -- | −9.1% |
| Old Bridge Flexi Cap Fund (Direct) | −11.5% | 24-08-2026 | 30-10-2026 | Not yet | -- | −11.5% |
| Nifty Midcap 150 TRI | −12.5% | 31-08-2026 | 23-10-2026 | Not yet | -- | −10.5% |
From daily values since 04-03-2026, the first day every fund has.
HDFC Mid Cap vs Old Bridge Flexi Cap: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Mid Cap Fund, September 2026; Old Bridge Flexi Cap Fund, September 2026
Holdings in common
- Overlap
- 16.4%
- Held by both
- 9
- Only in HDFC Mid Cap
- 70
- Only in Old Bridge Flexi Cap
- 25
| Security | % of HDFC Mid Cap | % of Old Bridge Flexi Cap |
|---|---|---|
| Balkrishna Industries Ltd. | 2.98% | 3.39% |
| Glenmark Pharmaceuticals Ltd. | 3.07% | 2.90% |
| The Federal Bank Ltd. | 3.98% | 2.43% |
| Aurobindo Pharma Ltd. | 2.19% | 3.27% |
| Mahindra & Mahindra Financial Services Ltd. | 2.11% | 2.75% |
| Delhivery Limited | 1.27% | 1.55% |
| Redington Ltd. | 1.10% | 3.20% |
| Star Health and Allied Insurance Company Ltd | 1.08% | 3.60% |
| Vardhman Textiles Ltd. | 0.30% | 2.71% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 16.4% means 16.4% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in HDFC Mid Cap Fund
| Security | % of fund |
|---|---|
| Au Small Finance Bank Ltd. | 3.94% |
| Max Financial Services Ltd. | 3.52% |
| Ipca Laboratories Ltd. | 3.43% |
| Indian Bank | 2.92% |
| Coforge Limited | 2.68% |
Largest holdings only in Old Bridge Flexi Cap Fund
| Security | % of fund |
|---|---|
| Shriram Finance Limited | 4.01% |
| Hindalco Industries Limited | 3.99% |
| International Gemological Institute Limited | 3.89% |
| Gujarat Ambuja Exports Limited | 3.76% |
| InterGlobe Aviation Limited | 3.40% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Mid Cap | Old Bridge Flexi Cap |
|---|---|---|
| Equity | 91.7% | 91.6% |
| Debt | 0.0% | 0.0% |
| Cash and others | 8.3% | 8.4% |
Market cap of stocks
| Market cap | HDFC Mid Cap | Old Bridge Flexi Cap |
|---|---|---|
| Large Cap | 10.4% | 24.3% |
| Mid Cap | 64.1% | 20.3% |
| Small Cap | 17.2% | 47.0% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | HDFC Mid Cap | Old Bridge Flexi Cap |
|---|---|---|
| Banks | 15.4% | 5.1% |
| Pharmaceuticals & Biotechnology | 12.1% | 13.9% |
| Auto Components | 9.6% | 3.4% |
| IT - Software | 7.2% | 0.0% |
| Commercial Services & Supplies | 1.1% | 7.1% |
| Finance | 2.6% | 6.8% |
| Agricultural Food & other Products | 0.0% | 6.5% |
| Insurance | 5.5% | 3.6% |
| Construction | 0.3% | 5.4% |
| Industrial Products | 5.2% | 1.9% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC Mid Cap vs Old Bridge Flexi Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Mid Cap Fund | Old Bridge Flexi Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.74% | 1.56% |
| Base expense ratio (Direct) | 0.60% | 0.83% |
| Total expense ratio (Regular) | 1.31% | 3.06% |
| Base expense ratio (Regular) | 1.09% | 2.10% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare HDFC Mid Cap with
HDFC Mid Cap Fund vs Old Bridge Flexi Cap Fund: Frequently Asked Questions
What is the difference between HDFC Mid Cap Fund and Old Bridge Flexi Cap Fund?
HDFC Mid Cap Fund is a Mid Cap fund, Old Bridge Flexi Cap Fund is a Flexi Cap fund, run by HDFC Mutual Fund and Old Bridge Mutual Fund. Their portfolios overlap 16.4%. HDFC Mid Cap Fund charges 0.74% a year and Old Bridge Flexi Cap Fund 1.56%.
Which has the lower expense ratio, HDFC Mid Cap Fund or Old Bridge Flexi Cap Fund?
HDFC Mid Cap Fund charges less: 0.74% a year against 1.56%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC Mid Cap Fund and Old Bridge Flexi Cap Fund overlap?
16.4%. They hold 9 of the same securities, the largest shared ones being BALKRISIND, GLENMARK, FEDERALBNK. From each fund's latest monthly portfolio.
Which is riskier, HDFC Mid Cap Fund or Old Bridge Flexi Cap Fund?
On SEBI's riskometer, HDFC Mid Cap Fund is rated Very High and Old Bridge Flexi Cap Fund Very High. Over their common history, the standard deviation of daily returns was 15.40% and 12.47% a year.
Can I invest in both HDFC Mid Cap Fund and Old Bridge Flexi Cap Fund?
Yes. 16.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages HDFC Mid Cap Fund and Old Bridge Flexi Cap Fund?
HDFC Mid Cap Fund: Chirag Setalvad, Gopal Agrawal, Bhagyesh Kagalkar. Old Bridge Flexi Cap Fund: Kenneth Joseph Andrade.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.