Dhruv Muchhal
Fund manager at HDFC Mutual Fund
Qualifications: B.ComLinkedIn profile of Dhruv Muchhal (opens in a new tab)
Dhruv Muchhal manages 47 mutual fund schemes at HDFC Mutual Fund with combined assets of ₹8.70 lakh Cr. The largest are HDFC Flexi Cap Gr, HDFC Mid Cap Gr and HDFC Balanced Adv Gr.
- AUM of schemes managed
- ₹8.70 lakh Cr
- Co-managed schemes count in full
- Schemes
- 47
- Fund house
- HDFC Mutual Fund
- Largest category
- Equity · 52%
Where the money sits
Share of assets managed, by fund category.
- Equity52% · 22 schemes
- Debt26% · 14 schemes
- Hybrid22% · 11 schemes
Funds managed by Dhruv Muchhal
| Scheme | |||||
|---|---|---|---|---|---|
| HDFC Flexi Cap GrFlexi Cap · Very High Risk | AUM₹1.11 lakh Cr | Expense1.37% | 1Y-3.35% | 3Y14.03% | 5Y13.88% |
| HDFC Mid Cap GrMid Cap Fund · Very High Risk | AUM₹1.08 lakh Cr | Expense1.31% | 1Y0.99% | 3Y14.78% | 5Y15.69% |
| HDFC Balanced Adv GrDynamic Asset Allocation or Balanced Advantage · Very High Risk | AUM₹1.07 lakh Cr | Expense1.28% | 1Y-3.36% | 3Y9.59% | 5Y11.90% |
| HDFC Liquid GrLiquid Fund · Moderate Risk | AUM₹71,323 Cr | Expense0.32% | 1Y6.37% | 3Y6.81% | 5Y6.27% |
| HDFC Small Cap GrSmall Cap Fund · Very High Risk | AUM₹41,891 Cr | Expense1.54% | 1Y-4.49% | 3Y8.31% | 5Y11.71% |
| HDFC Large Cap GrLarge Cap Fund · Very High Risk | AUM₹39,933 Cr | Expense1.56% | 1Y-6.51% | 3Y7.11% | 5Y8.19% |
| HDFC Money Market GrMoney Market Fund · Moderate Risk | AUM₹33,192 Cr | Expense0.41% | 1Y6.27% | 3Y7.19% | 5Y6.56% |
| HDFC Large and Mid Cap GrLarge and Mid Cap Fund · Very High Risk | AUM₹30,294 Cr | Expense1.61% | 1Y-4.13% | 3Y10.64% | 5Y10.95% |
| HDFC Corporate Bond GrCorporate Bond Fund · Low to Moderate Risk | AUM₹30,286 Cr | Expense0.63% | 1Y2.84% | 3Y6.52% | 5Y5.82% |
| HDFC Focused GrFocused Fund · Very High Risk | AUM₹28,201 Cr | Expense1.66% | 1Y-4.10% | 3Y13.64% | 5Y14.36% |
| HDFC Arbitrage Retl GrArbitrage Fund · Low Risk | AUM₹25,509 Cr | Expense0.92% | 1Y6.02% | 3Y6.82% | 5Y5.81% |
| HDFC Hybrid Eq GrAggressive Hybrid Fund · Very High Risk | AUM₹22,297 Cr | Expense1.71% | 1Y-7.11% | 3Y5.08% | 5Y6.32% |
| HDFC Multi Cap Reg GrMulti Cap Fund · Very High Risk | AUM₹20,649 Cr | Expense1.77% | 1Y-6.24% | 3Y9.06% | 5Y– |
| HDFC Low Duration Reg GrLow Duration Fund · Low to Moderate Risk | AUM₹17,793 Cr | Expense1.05% | 1Y5.34% | 3Y6.73% | 5Y6.08% |
| HDFC Ultra S/T Fund Reg GrUltra Short Duration Fund · Low to Moderate Risk | AUM₹17,465 Cr | Expense0.73% | 1Y5.95% | 3Y6.86% | 5Y6.24% |
| HDFC Floating Rate Debt GrFloater Fund · Moderate Risk | AUM₹16,133 Cr | Expense0.50% | 1Y5.15% | 3Y7.20% | 5Y6.53% |
| HDFC ELSS TaxSaver GrELSS (Tax Savings) · Very High Risk | AUM₹15,992 Cr | Expense1.74% | 1Y-8.51% | 3Y11.37% | 5Y11.56% |
| HDFC S/T Debt GrShort Duration Fund · Low to Moderate Risk | AUM₹14,486 Cr | Expense0.71% | 1Y4.30% | 3Y7.03% | 5Y6.12% |
| HDFC Defence Reg GrSectoral/ Thematic · Very High Risk | AUM₹11,478 Cr | Expense1.79% | 1Y19.20% | 3Y34.13% | 5Y– |
| HDFC Manufacturing Reg GrSectoral/ Thematic · Very High Risk | AUM₹10,752 Cr | Expense1.83% | 1Y3.07% | 3Y– | 5Y– |
| HDFC Childrens FundChildren's Fund · Very High Risk | AUM₹10,658 Cr | Expense1.80% | 1Y-3.27% | 3Y7.16% | 5Y8.37% |
| HDFC Value GrValue Fund · Very High Risk | AUM₹8,266 Cr | Expense1.89% | 1Y2.07% | 3Y13.80% | 5Y11.21% |
| HDFC Credit Risk Debt GrCredit Risk Fund · Moderately High risk | AUM₹7,666 Cr | Expense1.51% | 1Y5.80% | 3Y7.48% | 5Y6.40% |
| HDFC Retirement Svgs Equity RegRetirement Fund · Very High Risk | AUM₹6,998 Cr | Expense1.89% | 1Y-7.47% | 3Y7.65% | 5Y9.38% |
| HDFC Multi - Asset Allc GrMulti Asset Allocation · High Risk | AUM₹6,031 Cr | Expense2.03% | 1Y-1.49% | 3Y10.17% | 5Y8.85% |
| HDFC Equity Savings GrEquity Savings · Moderately High risk | AUM₹5,758 Cr | Expense2.17% | 1Y0.38% | 3Y7.00% | 5Y6.66% |
| HDFC Dividend Yield Reg GrDividend Yield Fund · Very High Risk | AUM₹5,587 Cr | Expense1.88% | 1Y-4.15% | 3Y8.71% | 5Y10.31% |
| HDFC Banking & PSU Debt Reg GrBanking and PSU Fund · Moderate Risk | AUM₹5,186 Cr | Expense0.72% | 1Y3.44% | 3Y6.48% | 5Y5.72% |
| HDFC Banking & Financial Svcs Reg GrSector - Financial Services · Very High Risk | AUM₹4,688 Cr | Expense1.98% | 1Y0.91% | 3Y10.70% | 5Y9.35% |
| HDFC M/T Debt GrMedium Duration Fund · Moderately High risk | AUM₹3,599 Cr | Expense1.30% | 1Y4.97% | 3Y7.11% | 5Y5.97% |
| HDFC Pharma and Healthcare Reg GrSector - Healthcare · Very High Risk | AUM₹3,311 Cr | Expense2.19% | 1Y19.18% | 3Y26.81% | 5Y– |
| HDFC Hybrid Debt GrConservative Hybrid Fund · Moderately High risk | AUM₹3,201 Cr | Expense1.69% | 1Y-0.48% | 3Y6.41% | 5Y6.63% |
| HDFC Innovation Reg GrSectoral/ Thematic · Very High Risk | AUM₹3,189 Cr | Expense2.09% | 1Y9.64% | 3Y– | 5Y– |
| HDFC Business Cycle Reg GrSectoral/ Thematic · Very High Risk | AUM₹2,775 Cr | Expense2.13% | 1Y-2.74% | 3Y8.68% | 5Y– |
| HDFC Dvrs Eq All Cap Act FOF Reg GrFoF (Overseas/Domestic) · Very High Risk | AUM₹2,701 Cr | Expense1.25% | 1Y-4.90% | 3Y– | 5Y– |
| HDFC Long Duration Debt Reg GrLong Duration Fund · Moderate Risk | AUM₹2,695 Cr | Expense0.62% | 1Y-1.78% | 3Y5.45% | 5Y– |
| HDFC Infrastructure GrSector - Infrastructure · Very High Risk | AUM₹2,325 Cr | Expense2.22% | 1Y-7.26% | 3Y10.97% | 5Y15.80% |
| HDFC Trsptn & Logistics Reg GrSectoral/ Thematic · Very High Risk | AUM₹2,116 Cr | Expense2.15% | 1Y3.01% | 3Y20.99% | 5Y– |
| HDFC Gilt GrGilt Fund · Moderate Risk | AUM₹2,017 Cr | Expense0.86% | 1Y0.73% | 3Y5.71% | 5Y4.81% |
| HDFC Retirement Svgs Hybrid Equity RegRetirement Fund · Very High Risk | AUM₹1,604 Cr | Expense2.12% | 1Y-7.53% | 3Y5.74% | 5Y6.88% |
| HDFC Technology Reg GrSector - Technology · Very High Risk | AUM₹1,484 Cr | Expense2.16% | 1Y-9.74% | 3Y6.33% | 5Y– |
| HDFC Housing Opportunities Reg GrSectoral/ Thematic · Very High Risk | AUM₹1,167 Cr | Expense2.26% | 1Y-9.50% | 3Y6.50% | 5Y8.43% |
| HDFC Consumption Reg GrSector - Consumption · Very High Risk | AUM₹1,022 Cr | Expense2.39% | 1Y-10.73% | 3Y6.77% | 5Y– |
| HDFC Income GrMedium to Long Duration Fund · Moderate Risk | AUM₹830 Cr | Expense1.36% | 1Y1.80% | 3Y6.10% | 5Y4.67% |
| HDFC MNC Reg GrSectoral/ Thematic · Very High Risk | AUM₹566 Cr | Expense3.02% | 1Y-3.22% | 3Y4.42% | 5Y– |
| HDFC Dynamic Debt GrDynamic Bond · Moderate Risk | AUM₹495 Cr | Expense1.39% | 1Y1.96% | 3Y5.82% | 5Y4.80% |
| HDFC Retirement Svgs Hybrid Debt RegRetirement Fund · Moderately High risk | AUM₹146 Cr | Expense2.33% | 1Y-1.51% | 3Y5.33% | 5Y5.52% |
These are each scheme's returns for the plan shown, not Dhruv Muchhal's personal track record: a manager may not have run a scheme for the whole period. “–” means the scheme has no return for that period yet, usually because it is younger. AUM is each scheme's total, including assets run by its co-managers. Past returns do not guarantee future returns.
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Other fund managers at HDFC Mutual Fund
- Gopal Agrawal₹3.28 lakh Cr
- Chirag Setalvad₹3.25 lakh Cr
- Arun Agarwal₹2.52 lakh Cr
- Nandita Menezes₹2.43 lakh Cr
- Amar Kalkundrikar₹1.76 lakh Cr
- Anupam Joshi₹1.66 lakh Cr
Managers with a similar fund mix
Dhruv Muchhal: frequently asked questions
Which mutual funds does Dhruv Muchhal manage?

Dhruv Muchhal manages 47 mutual fund schemes at HDFC Mutual Fund. The largest by assets are HDFC Flexi Cap Gr (₹1.11 lakh Cr), HDFC Mid Cap Gr (₹1.08 lakh Cr) and HDFC Balanced Adv Gr (₹1.07 lakh Cr). The full list, with returns, expense ratio and risk level for each scheme, is on this page.
How much money does Dhruv Muchhal manage?

The schemes Dhruv Muchhal manages or co-manages hold ₹8.70 lakh Cr in total. A co-managed scheme counts in full for each of its managers, so this is the size of the schemes Dhruv Muchhal is named on, not money managed alone.
Which fund house does Dhruv Muchhal work for?

Dhruv Muchhal is a fund manager at HDFC Mutual Fund. Other fund managers at HDFC Mutual Fund include Gopal Agrawal, Chirag Setalvad and Arun Agarwal.
What are Dhruv Muchhal's qualifications?

Dhruv Muchhal's listed qualifications are B.Com.