HDFC Retirement Fund - Equity Plan vs Quantum Flexi Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC Retirement Fund - Equity Plan is a Solution fund and Quantum Flexi Cap Fund is a Flexi Cap fund. HDFC Retirement Fund - Equity Plan charges 0.92% a year and Quantum Flexi Cap Fund 3.39% (Direct plans). Their portfolios overlap 33.2%: they hold 18 of the same securities.
HDFC Retirement Fund - Equity Plan
Solution
- Expense ratio
- 0.92%
- NAV
- ₹53.62
Which is better, HDFC Retirement Fund - Equity Plan or Quantum 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 Retirement Fund - Equity Plan costs less: 0.92% a year against 3.39% (Direct plans).
- HDFC Retirement Fund - Equity Plan fell less in its worst fall since 10-09-2026: −4.2% against −5.7%.
- HDFC Retirement Fund - Equity Plan holds more in large companies: 62.6% of the fund in large caps against 36.9%.
- HDFC Retirement Fund - Equity Plan is the larger fund: ₹6,645 Cr against ₹65 Cr.
- Their portfolios overlap 33.2%: 18 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 Retirement Fund - Equity Plan | Quantum Flexi Cap Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | Quantum Mutual Fund |
| Category | Solution | Flexi Cap |
| AUM | ₹6,645 Cr (30-09-2026) | ₹65 Cr (30-09-2026) |
| NAV | ₹53.62 (Direct) | ₹9.47 (Direct) |
| Expense ratio (Direct) | 0.92% | 3.39% |
| Expense ratio (Regular) | 1.87% | 5.20% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty 500 TRI | Not available |
| Launch date | 25-02-2016 | Not available |
| Minimum investment | ₹100 | Not available |
| Lock in | 5 years, or until retirement if earlier | Not available |
| Fund managers | Anupam Joshi, Arun Agarwal, Nandita Menezes, Chirag Setalvad, Gopal Agrawal | Not available |
| Exit load | Fresh investments by investors including SIP / STP registrations, etc effective June 2, 2018: Exit Load (Upon completion of lock-in period): Nil Existing investments by investors including SIP / STP registrations, etc until June 1, 2018: Exit Load (Upon completion of lock-in period of 5 years) In respect of each purchase/switch-in of units offered under the respective Investment Plan(s) • An Exit Load of 1% is payable if Units are redeemed/ switched-out before completion of 60 years of age • No Exit Load is payable if Units are redeemed / switched-out on or after attainment of 60 years of age. | Not available |
HDFC Retirement Fund - Equity Plan vs Quantum 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 Retirement Fund - Equity Plan (Direct) | +0.66% | −4.79% | −2.05% | −9.12% | +9.31% | +11.19% | +14.67% |
| Quantum Flexi Cap Fund (Direct) | −2.07% | -- | -- | -- | -- | -- | -- |
| Flexi Cap average | −1.62% | -- | -- | -- | -- | -- | -- |
Category average: the average of the 46 Flexi Cap funds, same plan type.
HDFC Retirement Fund - Equity Plan vs Quantum Flexi Cap: Year-wise Returns
| Year | HDFC Retirement Fund - Equity PlanHDFC Retirement Fund - Equity Plan | Quantum Flexi CapQuantum Flexi Cap |
|---|---|---|
| 2026to date | −9.06% | -- |
| 2025 | +6.24% | -- |
| 2024 | +19.33% | -- |
| 2023 | +34.15% | -- |
| 2022 | +9.95% | -- |
| 2021 | +44.27% | -- |
HDFC Retirement Fund - Equity Plan vs Quantum Flexi Cap: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of HDFC Retirement Fund - Equity Plan
HDFC Retirement Fund - Equity Plan vs Quantum Flexi Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC Retirement Fund - Equity Plan (Direct) | Quantum Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +17.04% | −32.82% |
| Standard deviation | 13.80% | 10.22% |
| Sharpe ratio | 0.84 | -3.74 |
| Sortino ratio | 1.13 | -4.15 |
| Maximum drawdown | −34.9% (23-03-2020) | −5.7% (23-10-2026) |
| Beta | 0.84 | 0.68 |
| Alpha | +4.02% | −14.69% |
From daily NAVs, 26-02-2016 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 Retirement Fund - Equity Plan (Direct)
Quantum Flexi Cap Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC Retirement Fund - Equity Plan (Direct) | −4.2% | 23-09-2026 | 08-10-2026 | Not yet | -- | −2.3% |
| Quantum Flexi Cap Fund (Direct) | −5.7% | 10-09-2026 | 23-10-2026 | Not yet | -- | −5.3% |
| Nifty 500 TRI | −6.6% | 10-09-2026 | 23-10-2026 | Not yet | -- | −4.5% |
From daily values since 10-09-2026, the first day every fund has.
HDFC Retirement Fund - Equity Plan vs Quantum Flexi Cap: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Retirement Fund - Equity Plan, September 2026; Quantum Flexi Cap Fund, September 2026
Holdings in common
- Overlap
- 33.2%
- Held by both
- 18
- Only in HDFC Retirement Fund - Equity Plan
- 55
- Only in Quantum Flexi Cap
- 20
| Security | % of HDFC Retirement Fund - Equity Plan | % of Quantum Flexi Cap |
|---|---|---|
| ICICI Bank Ltd. | 7.36% | 3.98% |
| Kotak Mahindra Bank Limited | 4.39% | 3.72% |
| Axis Bank Ltd. | 4.43% | 3.62% |
| HDFC Bank Ltd. | 6.93% | 3.18% |
| Maruti Suzuki India Limited | 2.85% | 2.71% |
| State Bank of India | 2.89% | 2.64% |
| Bharti Airtel Ltd. | 2.64% | 2.66% |
| Infosys Limited | 2.24% | 1.70% |
| HCL Technologies Ltd. | 1.85% | 1.36% |
| Alkem Laboratories Ltd. | 1.24% | 1.45% |
| NTPC Limited | 1.21% | 1.35% |
| HDFC Life Insurance Company Limited | 1.18% | 1.73% |
| PVR LIMITED | 0.92% | 0.94% |
| Cipla Ltd. | 0.76% | 2.36% |
| ICICI Lombard General Insurance Co | 1.68% | 0.68% |
| GNA Axles Ltd. | 0.61% | 2.03% |
| Star Health and Allied Insurance Company Ltd | 0.60% | 2.17% |
| Equitas Small Finance Bank Ltd | 0.41% | 1.75% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 33.2% means 33.2% 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 Retirement Fund - Equity Plan
| Security | % of fund |
|---|---|
| Reliance Industries Ltd. | 4.64% |
| Larsen and Toubro Ltd. | 2.26% |
| Tata Consultancy Services Ltd. | 2.16% |
| Dr. Lal Path Labs Ltd | 2.09% |
| InterGlobe Aviation Ltd. | 1.88% |
Largest holdings only in Quantum Flexi Cap Fund
| Security | % of fund |
|---|---|
| Mahindra & Mahindra Ltd | 3.14% |
| UltraTech Cement Ltd | 2.77% |
| PNB Housing Finance Ltd | 2.23% |
| Container Corporation of India Ltd | 2.13% |
| SBI Cards and Payment Services Ltd | 2.10% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Retirement Fund - Equity Plan | Quantum Flexi Cap |
|---|---|---|
| Equity | 93.3% | 74.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 6.7% | 26.0% |
Market cap of stocks
| Market cap | HDFC Retirement Fund - Equity Plan | Quantum Flexi Cap |
|---|---|---|
| Large Cap | 62.6% | 36.9% |
| Mid Cap | 9.9% | 8.5% |
| Small Cap | 20.3% | 28.6% |
| Not on AMFI's list | 0.6% | 0.0% |
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 Retirement Fund - Equity Plan | Quantum Flexi Cap |
|---|---|---|
| Banks | 26.4% | 18.9% |
| Pharmaceuticals & Biotechnology | 4.6% | 8.2% |
| Finance | 2.1% | 7.3% |
| IT - Software | 6.8% | 3.1% |
| Automobiles | 6.4% | 5.8% |
| Transport Services | 5.8% | 2.1% |
| Auto Components | 1.4% | 5.6% |
| Petroleum Products | 5.5% | 0.0% |
| Insurance | 4.7% | 4.6% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC Retirement Fund - Equity Plan vs Quantum Flexi Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Retirement Fund - Equity Plan | Quantum Flexi Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.92% | 3.39% |
| Base expense ratio (Direct) | 0.74% | 0.47% |
| Total expense ratio (Regular) | 1.87% | 5.20% |
| Base expense ratio (Regular) | 1.55% | 2.00% |
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
HDFC Retirement Fund - Equity Plan vs Quantum Flexi Cap Fund: Frequently Asked Questions
What is the difference between HDFC Retirement Fund - Equity Plan and Quantum Flexi Cap Fund?
HDFC Retirement Fund - Equity Plan is a Solution fund, Quantum Flexi Cap Fund is a Flexi Cap fund, run by HDFC Mutual Fund and Quantum Mutual Fund. Their portfolios overlap 33.2%. HDFC Retirement Fund - Equity Plan charges 0.92% a year and Quantum Flexi Cap Fund 3.39%.
Which has the lower expense ratio, HDFC Retirement Fund - Equity Plan or Quantum Flexi Cap Fund?
HDFC Retirement Fund - Equity Plan charges less: 0.92% a year against 3.39%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC Retirement Fund - Equity Plan and Quantum Flexi Cap Fund overlap?
33.2%. They hold 18 of the same securities, the largest shared ones being ICICIBANK, KOTAKBANK, AXISBANK. From each fund's latest monthly portfolio.
Can I invest in both HDFC Retirement Fund - Equity Plan and Quantum Flexi Cap Fund?
Yes. 33.2% of each fund's money sits in the same holdings, so some of the two investments would move together.
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.