32.7% of the combined portfolio weight is common between HDFC Flexi Cap Direct Plan-Growth and Parag Parikh Flexi Cap Fund Direct-Growth.
25 stocks appear in both portfolios.
The largest shared holding is HDFC Bank Ltd., at 6.77% of HDFC Flexi Cap Direct Plan-Growth and 8.33% of Parag Parikh Flexi Cap Fund Direct-Growth.
The funds share a meaningful part of their portfolios but still differ enough to add some diversification.
Largest common holdings
HDFC Bank Ltd.ICICI Bank Ltd.Axis Bank Ltd.Power Grid Corporation Of India Ltd.Kotak Mahindra Bank Ltd.Maruti Suzuki India Ltd.Bharti Airtel Ltd.HCL Technologies Ltd.
HDFC Flexi Cap Direct Plan-Growth has delivered the higher 3-year CAGR (17.95% vs 15.55%). Parag Parikh Flexi Cap Fund Direct-Growth is the cheaper of the two with an expense ratio of 0.68% against 0.74%. 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, HDFC Flexi Cap Direct Plan-Growth returned 6.87% against 2.48% for Parag Parikh Flexi Cap Fund Direct-Growth; and over 3 years, HDFC Flexi Cap Direct Plan-Growth leads with a 17.95% 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 0.74% for HDFC Flexi Cap Direct Plan-Growth — a difference of 0.06% 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 HDFC Flexi Cap Direct Plan-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 32.7%, which is considered moderate. At this level the funds share a meaningful part of their portfolios but still differ enough to add some diversification. 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.
HDFC Flexi Cap Direct Plan-Growth has a NAV of ₹2295.52 and an AUM of ₹1.06 L 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.
