Parag Parikh Flexi Cap vs HDFC Flexi Cap Fund: The Parag Parikh flexi cap mutual fund is the largest flexi cap fund in India by Assets Under Management (AUM), followed by the HDFC flexi cap mutual fund in second place. Parag Parikh flexi cap leads the category with an AUM of around Rs 1,45,070 crore, followed by HDFC flexi cap fund at approximately Rs 1,08,547 crore. A flexi cap fund is an equity mutual fund that invests at least 65 per cent of its assets in equities, with the flexibility to invest across large, mid and small cap stocks in any proportion.
The latest AMFI data for September 2026 reveals that equity mutual funds witnessed a sharp rise in investor inflows even as the overall mutual fund industry recorded substantial net outflows during the month. Flexi cap funds attracted Rs 6,701.80 crore in September, up from Rs 5,059.42 crore in August, an increase of approximately 32.5 per cent. Let’s compare the largest flexi cap mutual fund in India by Assets Under Management (AUM) to see which delivered a better CAGR over 5 years, SIP return comparison, top holdings, and a comparison of fund risk and volatility.
Parag Parikh Flexi Cap vs HDFC Flexi Cap Fund: 5-and 7-year SIP annualised return comparison
Financial experts and mutual fund guidelines recommend a 5-year (or longer) investment horizon for flexi cap mutual funds. Based on the 5-year SIP return chart, the Parag Parikh Flexi Cap delivered 11.08 per cent annualised return in 5 years and 15.39 per cent annualised return in 7 years. On the other hand, the HDFC Flexi Cap fund delivered a 13.14 per cent annualised return in 5 years and 17.62 per cent annualised return in 7 years. Rajeev Thakkar is the fund manager of the Parag Parikh Flexi Cap Fund, while Amit Ganatra manages the HDFC Flexi Cap Fund.
Parag Parikh vs HDFC Flexi Cap Fund: Rs 10,000 monthly SIP returns over 5-and 7-year comparison
A monthly SIP of Rs 10,000 in Parag Parikh Flexi Cap Fund over five years would have grown to Rs 7,92,461, against a total investment of Rs 6,00,000, delivering annualised returns of 11.08 per cent.
A monthly SIP of Rs 10,000 in HDFC Flexi Cap Fund over five years would have grown to Rs 8,33,948, against a total investment of Rs 6,00,000, delivering annualised returns of 13.14 per cent.
A monthly SIP of Rs 10,000 in Parag Parikh Flexi Cap Fund over seven years would have grown to Rs 14,53,181, against a total investment of Rs 8,40,000, delivering annualised returns of 15.39 per cent.
A monthly SIP of Rs 10,000 in HDFC Flexi Cap Fund over seven years would have grown to Rs 15,73,228, against a total investment of Rs 8,40,000, delivering annualised returns of 17.62 per cent.
Parag Parikh vs HDFC Flexi Cap Fund: Portfolio allocation compared across large, mid and small cap stocks
Parag Parikh Flexi Cap Fund’s portfolio is allocated 4.27 per cent to mid cap stocks, 4.88 per cent to small cap stocks and 90.85 per cent to large cap stocks, compared with category averages of 21.47 per cent, 22.59 per cent and 55.94 per cent, respectively.
HDFC Flexi Cap Fund’s portfolio is allocated 15.70 per cent to mid cap stocks, 10.67 per cent to small cap stocks and 73.3 per cent to large cap stocks, compared with category averages of 21.47 per cent, 22.59 per cent and 55.94 per cent, respectively.
Parag Parikh vs HDFC Flexi Cap Fund details
Parag Parikh Flexi Cap Fund details
Total Assets: Rs 1,45,070 Crores (As on 30-Sep-2026)
NAV: Rs 90.3546 (As on 19-Oct-2026)
Expense Ratio: 0.53% (As on 30-Sep-2026)
Minimum investment: Rs 1,000
HDFC Flexi Cap Fund – Direct Plan
NAV: Rs 2,162.1610 (As on 24-Sep-2026)
AUM: Rs 1,08,547 crore (As on 30-Sep-2026)
Expense Ratio: 0.57% (As on 30-Sep-2026)
Minimum investment: Rs 100
(Source: Fund Fact Sheet)
Parag Parikh vs HDFC Flexi Cap Fund: Top Holdings
HDFC Flexi Cap Fund: ICICI Bank, Fortis Axis Bank, HDFC Bank, SBI, Eternal, Kotak Bank, SBI Life Insurance, Larsen & Toubro, InterGlobe Aviation, Bharti Airtel, Maruti Suzuki.
Parag Parikh Flexi Cap Fund: Risk and return metrics
HDFC Flexi Cap Fund: Risk and return metrics
The HDFC Flexi Cap Fund – Direct Plan falls under the Very High Risk category. It recorded a mean return of 14.58%, a standard deviation of 13.54%, a Sharpe ratio of 0.66, a Sortino ratio of 0.79, a beta of 0.83 and an alpha of 5.27. Compared with the BSE 500 TRI, which posted a mean return of 10.04%, the fund delivered higher mean returns with lower volatility. Among 55 funds in the flexi-cap category, it ranked 13th in mean returns, second in standard deviation, eighth in Sharpe ratio, 12th in Sortino ratio, second in beta and 11th in alpha, according to the fund fact sheet.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)