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Flexi Cap funds offer investors the flexibility to invest across market capitalisations, adapting to changing market conditions. Two popular options in this category are Parag Parikh Flexi Cap Fund (PPFCF) and Quant Flexi Cap Fund.
Lets take a look at their historical performance, investment characteristics, and risk metrics so that you can evaluate which aligns better with your goals.
Parag Parikh Flexi Cap Fund is a diversified equity scheme with the flexibility to invest up to 35% in global equities and domestic debt. The fund focuses on long-term investments in quality companies based on fundamentals, not macro trends.
Around 26.3% of the portfolio is currently held in cash, debt, or arbitrage. It also tactically uses arbitrage and debt while awaiting core equity opportunities.
Here’s how the Parag Parikh Flexi Cap Fund has performed across 3-year, 5-year, and 10-year rolling periods, compared with its benchmark, the Nifty 500 TRI:
| Rolling Period | Scheme | Average Return | Maximum Return | Minimum Return |
| 3 Years | Parag Parikh Flexi Cap Fund - Reg - Growth | 18.08% | 36.29% | 0.07% |
| Parag Parikh Flexi Cap Fund - Direct - Growth | 18.97% | 37.64% | 0.74% | |
| Nifty 500 TRI (Benchmark) | 14.71% | 33.50% | -6.31% | |
| 5 Years | Parag Parikh Flexi Cap Fund - Reg - Growth | 18.06% | 32.75% | 3.44% |
| Parag Parikh Flexi Cap Fund - Direct - Growth | 18.95% | 33.93% | 4.09% | |
| Nifty 500 TRI (Benchmark) | 14.03% | 28.87% | -1.05% | |
| 10 Years | Parag Parikh Flexi Cap Fund - Reg - Growth | 18.56% | 20.60% | 16.35% |
| Parag Parikh Flexi Cap Fund - Direct - Growth | 19.44% | 21.48% | 17.23% | |
| Nifty 500 TRI (Benchmark) | 14.98% | 17.02% | 11.71% |
Note: The data in the table above is as of April 2025.
The table below shows the growth of a ₹10,000 monthly SIP investment in Parag Parikh Flexi Cap Fund across different time periods, comparing the total amount invested with the market values under both Regular and Direct Plans.
| Period | Total Amount Invested (₹) | Market Value (Regular Plan) (₹) | Market Value (Direct Plan) (₹) |
| Since Inception (May 24, 2013) | 14,40,000 | 49,02,000 | 52,10,114 |
| Last 10 Years (Apr 30, 2015 to Apr 30, 2025) | 12,00,000 | 33,32,416 | 35,08,210 |
| Last 5 Years (Apr 30, 2020 to Apr 30, 2025) | 6,00,000 | 10,03,082 | 10,28,136 |
| Last 3 Years (Apr 29, 2022 to Apr 30, 2025) | 3,60,000 | 1,23,628 | 1,24,089 |
| Last 1 Year (Apr 30, 2024 to Apr 30, 2025) | 1,20,000 | 1,20,000 | 1,20,000 |
Note: The data in the table above is as of April 2025.
Quant Flexi Cap Fund aims to deliver long-term capital growth by investing across large-cap, mid-cap, and small-cap stocks with a focus on quality and value. The fund follows a disciplined investment process that emphasises stock selection based on strong fundamentals and sustainable business models.
The table below presents the annualised returns of the Quant Flexi Cap Fund compared to its benchmark and the Nifty index over various time periods, helping you assess the fund’s performance consistently.
| Period | Scheme Return (%) | Benchmark Return (%) | Nifty Return (%) |
| 6 Month | -17.31 | -17.78 | -11.69 |
| YTD | -5.10 | -5.37 | -4.89 |
| 1 Year | -0.99 | -2.15 | 6.37 |
| 3 Years | 17.61 | 16.05 | 13.86 |
| 5 Years | 38.19 | 36.84 | 26.24 |
| Since Inception* | 15.10 | 14.39 | 15.53 |
Note: The data in the table above is as of April 2025.
This table shows the market value of your SIP investments in both Direct and Regular plans across different tenures. It highlights how the invested amount has grown over time, giving you a clear picture of the fund’s performance under each plan.
| Tenure | Investment Amt. (₹) | Market Value (Direct) (₹) | Market Value (Regular) (₹) |
| 1 Year | 1,20,000 | 1,10,238 | 1,09,571 |
| 3 Years | 3,60,000 | 4,56,556 | 4,46,788 |
| 5 Years | 6,00,000 | 10,84,745 | 10,48,657 |
| 7 Years | 8,40,000 | 20,09,903 | 19,17,909 |
| SI* | 14,70,000 | 60,96,508 | 91,90,748 |
Note: The data in the table above is as of April 2025.
The table below compares key financial metrics and investment objectives of two leading Flexi Cap Funds, helping investors evaluate their performance, costs, and strategic focus.
| Name | Plan | AUM (₹ Cr) | CAGR 3Y (%) | Expense Ratio (%) | Alpha (%) | NAV | Scheme Objective |
| Parag Parikh Flexi Cap Fund | Growth | 98,541.28 | 23.13 | 0.62 | 3.97 | 89.87 | Long-term capital appreciation through diversified equity investments |
| Quant Flexi Cap Fund | Growth | 7,016.38 | 22.31 | 0.61 | -2.30 | 106.44 | Capital growth via diversified portfolio focusing on quality companies |
Note: The data in the table above is as of May 23, 2025.
Read More: Parag Parekh Flexi Cap Fund vs HDFC Flexi Cap Fund: Which Fund Delivered Higher Returns?
Both Parag Parikh Flexi Cap Fund and Quant Flexi Cap Fund have demonstrated strong performance over the years, with each offering unique strengths. Parag Parikh Flexi Cap Fund stands out for its disciplined value investing approach, global exposure, and consistent rolling returns, making it a solid choice for investors seeking long-term capital appreciation with moderate risk.
On the other hand, Quant Flexi Cap Fund offers a quality-driven, diversified portfolio with competitive returns and a focus on sustainable business models. Ultimately, the better fund depends on your individual investment goals, risk appetite, and preference for portfolio strategy.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: May 24, 2025, 9:36 AM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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