Dhruv Muchhal
Equity Analyst and Fund Manager for Overseas Investments at HDFC
Dhruv Muchhal is named on 44 schemes at HDFC. Of the 25 ranked with a three-year record, 3-year CAGR runs from 36.1% (HDFC Defence Fund - Direct Plan - Growth Option) down to 7.4% (HDFC Short Term Fund - Direct Plan - Growth Option), across Sectoral/ Thematic, Mid Cap Fund, Value Fund and 15 more categories. Returns are computed from AMFI NAV history and are net of expenses; the roles and dates come from HDFC's SEBI filings.
Background
- Qualifications
- • CFA (CFA Collectively over Institute) • Chartered Accountant • B Com. from University of Mumbai
- Experience
- Collectively over 14 years experience in equity research • October 3, 2019 till Date: HDFC Asset Management Company Limited • August 27, 2014 till September 27, 2019: Motilal Oswal Financial Services Limited Last Position Held- Associate Vice President - Research • August 12, 2013 till August 24, 2014: Goldman Sachs (India) Securities Private Limited Last Position Held - Research Analyst • November 8, 2010 till August 8, 2013: Crisil Limited Last Position Held - Senior Research Analyst - Irevna FR-Equity Research
Funds Dhruv Muchhal manages
25Named on 44 schemes; the 25 with a three-year record are ranked by 3Y CAGR. Open a fund for NAV history, rolling returns, risk metrics and peer rank.
| 1 | HDFC Defence Fund | ★★★★☆ | +22.6% | +36.1% | — | 0.89% | ₹9,371Cr |
| 2 | HDFC Pharma and Healthcare Fund | ★★★★★ | +26.6% | +30.3% | — | 1.03% | ₹2,282Cr |
| 3 | HDFC Transportation and Logistics Fund | ★★★★☆ | +4.8% | +23.2% | — | 1.09% | ₹1,685Cr |
| 4 | HDFC Mid Cap Fund | ★★★★☆ | +3.3% | +15.1% | +17.5% | 0.76% | ₹96,040Cr |
| 5 | HDFC Value Fund | ★★★☆☆ | +4.0% | +14.7% | +13.1% | 1.11% | ₹7,330Cr |
| 6 | HDFC Flexi Cap Fund | ★★★★★ | -2.8% | +14.2% | +15.5% | 0.77% | ₹1,01,793Cr |
| 7 | HDFC Focused Fund | ★★★★★ | -3.8% | +14.2% | +16.7% | 0.82% | ₹26,336Cr |
| 8 | HDFC Infrastructure Fund | ★★☆☆☆ | -4.9% | +12.8% | +18.0% | 1.33% | ₹2,384Cr |
| 9 | HDFC Large & Mid Cap Fund | ★★☆☆☆ | -2.5% | +11.2% | +13.1% | 0.91% | ₹28,339Cr |
| 10 | HDFC Banking & Financial Services Fund | ★★★☆☆ | +1.4% | +11.0% | +11.3% | 0.98% | — |
| 11 | HDFC Business Cycle Fund | ★★☆☆☆ | +0.2% | +10.3% | — | 1.13% | ₹2,594Cr |
| 12 | HDFC Multi Cap Fund | ★★☆☆☆ | -4.6% | +10.2% | — | 0.93% | ₹19,551Cr |
| 13 | HDFC Balanced Advantage Fund | ★★★★☆ | -2.6% | +9.9% | +13.2% | 0.78% | ₹1,04,783Cr |
| 14 | HDFC Small Cap Fund | ★★☆☆☆ | -2.9% | +9.7% | +13.9% | 0.78% | ₹38,667Cr |
| 15 | HDFC Dividend Yield Fund | ★★★☆☆ | -3.0% | +9.6% | +12.5% | 0.87% | ₹5,632Cr |
| 16 | HDFC Consumption Fund | ★☆☆☆☆ | -9.6% | +8.5% | — | 1.39% | ₹980.24Cr |
| 17 | HDFC Credit Risk Fund | ★★★☆☆ | +6.9% | +8.1% | +7.1% | 1.01% | — |
| 18 | HDFC Retirement Fund - Equity | ★★★★☆ | -7.3% | +8.1% | +11.2% | 0.92% | — |
| 19 | HDFC Housing Opportunities Fund | ★★☆☆☆ | -7.6% | +8.0% | +10.5% | 1.39% | ₹1,191Cr |
| 20 | HDFC Children's Fund | ★★★★☆ | -2.0% | +8.0% | +9.8% | 1.03% | — |
| 21 | HDFC Medium Term Fund | ★★★★☆ | +6.2% | +7.8% | +6.7% | 0.70% | — |
| 22 | HDFC Equity Savings Fund | ★★★☆☆ | +1.2% | +7.7% | +7.9% | 1.27% | ₹5,682Cr |
| 23 | HDFC Floating Interest Rates Fund | ★★★★☆ | +5.8% | +7.5% | +6.8% | 0.27% | — |
| 24 | HDFC Money Market Fund | ★★★☆☆ | +6.5% | +7.4% | +6.7% | 0.22% | ₹29,388Cr |
| 25 | HDFC Short Term Fund | ★★★☆☆ | +5.3% | +7.4% | +6.5% | 0.40% | — |
NAV data as of 05 Oct 2026. Role, qualifications and tenure are disclosures from HDFC’s Scheme Information Documents and Statement of Additional Information — SEBI filings, not our assessment of anyone. 5 of the 44 scheme assignments come from another of the house’s filings naming them rather than from that scheme’s own document, so that list may be incomplete. Returns are computed from AMFI NAV history; see our methodology. A fund’s performance is not attributable to one person, and nothing here is investment advice.