Parag Parikh Flexi Cap Fund, launched on May 24, 2013, has been a consistent performer over 1-, 5-, and 10-year periods in the flexi-cap funds category. In terms of returns over the last one year, the fund has been among the top three flexi-cap schemes. As for its 5-year performance, the Parag Parikh Flexi Cap Fund ranks among the top five funds in its category. The fund has performed even better over the 10-year period, securing the second position on the list.
However, when we combine returns with other factors like expense ratio and ratings to compare funds in the flexi-cap category, Parag Parikh Flexi Cap Fund stands head and shoulders above the rest.
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Parag Parikh Flexi Cap Fund, rated 5-star by CRISIL and Value Research, has an expense ratio of 0.62%. As of May 28, 2025 (based on Value Research data), there are only three 5-star rated flexi-cap funds. Besides the Parag Parikh Flexi Cap Fund, the other two are the JM Flexicap Fund and the HDFC Flexi Cap Fund.
In this story, we will review the performance of these three top-rated flexi-cap funds with the lowest expense ratios and highest 10-year returns.
1. Parag Parikh Flexi Cap Fund
10-year returns: 18.25% CAGR
Return since launch (24 May 2013): 20.08%
SIP returns since launch: 20.25 CAGR
Expense Ratio: 0.62%
2. JM Flexicap Fund
10-year returns: 17.30% CAGR
Return since launch (1 January 2013): 18.12%
SIP returns since launch: 19.66 CAGR
Expense Ratio: 0.48%
3. HDFC Flexi Cap Fund
10-year returns: 16.32% CAGR
Return since launch (1 January 2013): 17.21%
SIP returns since launch: 18.89 CAGR
Expense Ratio: 0.74%
(Data source: Value Reseach, AMFI)
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Parag Parikh Flexi Cap Fund vs Benchmark Index vs Flexi-cap category – 10-year returns compared
Parag Parikh Flexi Cap Fund has delivered a 10-year CAGR of 18.25%, outperforming its benchmark BSE 500 TRI. The benchmark returned 14.05% annually during the same period. The average return of funds in the flexi-cap category has been even lower. Its 10-year CAGR stood at 14.02%, underperforming both the fund and the benchmark.
Parag Parikh Flexi Cap Fund AUM, portfolio, and other details
As reviewed above, the Parag Parikh Flexi Cap Fund has emerged as the best top-rated flexi-cap fund based on 10-year returns. The fund is also numero uno in terms of assets under management (AUM), managing ₹98,541 crore.
The fund has 73.68% investment in equity, 23.89% in debt, and 2.43% in cash and cash equivalents. As for sector-wise holdings, the Parag Parikh Flexi Cap Fund has invested more than 50% of its corpus in three sectors: financials, technology, and consumer discretionary.
The fund’s top 10 holdings comprise HDFC Bank, Bajaj Holdings, PowerGrid, Coal India, ICICI Bank, ITC, Kotak Bank, Maruti Suzuki, Mahindra & Mahindra, and Axis Bank.
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Disclaimer: The above content is for informational purposes only. Mutual Fund investments are subject to market risks. Please consult your financial advisor before investing.