If you are planning for investing for only 1 year, then it is not recommended as equity funds can give negative returns in one & two year time horizon. If the time horizon for investment is more than 5 years then you can invest in equity funds.
If the funds are required in three years then it is recommended to invest in debt funds as they are safe and do not have any correlation with equity market.
HDFC Capital builder value fund is slightly more volatile fund. It is recommended to go for Motilal oswal Multi Cap 35 fund or Kotak Standard Multi Cap. These two funds are less volatile and in long term they have provided better returns.