Aditya Birla Sun Life Flexi Cap Fund Direct-Growth
Parag Parikh Flexi Cap Fund Direct-Growth
Description
The fund seeks long-term growth of capital and regular income through 90% investment in equities and 10% in debt and money market securities. The scheme would adopt top-down & bottom-up approach of investing & a portion of the scheme will also be invested in IPOs, emerging sectors & other primary market offerings.
The scheme aims to achieve long-term capital appreciation by investing primarily in equity and equity related instruments.
23.8% of the combined portfolio weight is common between Aditya Birla Sun Life Flexi Cap Fund Direct-Growth and Parag Parikh Flexi Cap Fund Direct-Growth.
17 stocks appear in both portfolios.
The largest shared holding is HDFC Bank Ltd., at 3.58% of Aditya Birla Sun Life Flexi Cap Fund Direct-Growth and 8.33% of Parag Parikh Flexi Cap Fund Direct-Growth.
The two funds hold largely different portfolios, so holding both can genuinely diversify your equity exposure.
Largest common holdings
HDFC Bank Ltd.ICICI Bank Ltd.Kotak Mahindra Bank Ltd.Infosys Ltd.HCL Technologies Ltd.Bharti Airtel Ltd.Mahindra & Mahindra Ltd.Axis Bank Ltd.
Aditya Birla Sun Life Flexi Cap Fund Direct-Growth has delivered the higher 3-year CAGR (17.19% vs 15.55%). Parag Parikh Flexi Cap Fund Direct-Growth is the cheaper of the two with an expense ratio of 0.68% against 0.90%. Parag Parikh Flexi Cap Fund Direct-Growth manages the larger corpus at ₹1.43 L Cr. There is no single "better" fund — the right choice depends on your holding period, risk appetite and what you already own. Use the returns, risk and portfolio overlap tables above to judge which fits your portfolio, and remember that past returns do not guarantee future performance.
Over 1 year, Aditya Birla Sun Life Flexi Cap Fund Direct-Growth returned 13.04% against 2.48% for Parag Parikh Flexi Cap Fund Direct-Growth; and over 3 years, Aditya Birla Sun Life Flexi Cap Fund Direct-Growth leads with a 17.19% CAGR versus 15.55%. Returns beyond one year are CAGR (annualised). Short-period returns are heavily influenced by market cycles, so compare over at least three to five years before drawing conclusions.
Parag Parikh Flexi Cap Fund Direct-Growth has the lower expense ratio at 0.68%, compared with 0.90% for Aditya Birla Sun Life Flexi Cap Fund Direct-Growth — a difference of 0.22% a year. The expense ratio is deducted from NAV daily, so a lower ratio directly improves your net return, though it should not be the only reason to pick a fund.
Both Aditya Birla Sun Life Flexi Cap Fund Direct-Growth and Parag Parikh Flexi Cap Fund Direct-Growth carry a "Very High" rating on the SEBI Riskometer. Within the same riskometer band, differences still show up in maximum drawdown, volatility and market-cap mix — all of which are compared in the tables above.
The portfolio overlap between the two funds is 23.8%, which is considered low. At this level the two funds hold largely different portfolios, so holding both can genuinely diversify your equity exposure. You can see the shared stocks in the overlap section above.
Yes — both are Equity: Flexi Cap funds, which means they follow similar mandates and are benchmarked against comparable indices. That makes a direct comparison of returns, expense ratio and risk meaningful.
Aditya Birla Sun Life Flexi Cap Fund Direct-Growth has a NAV of ₹2232.57 and an AUM of ₹26.73k Cr, and was launched on 31 Dec 2012. Parag Parikh Flexi Cap Fund Direct-Growth has a NAV of ₹93.36 and an AUM of ₹1.43 L Cr, launched on 23 May 2013. NAV on its own says nothing about how expensive or cheap a fund is — only the return on it matters.
