A Flexi Cap Fund is a type of mutual fund that invests across companies of all sizes — large-cap, mid-cap, and small-cap stocks. Unlike funds that focus only on one segment, Flexi Cap Funds give the fund manager the flexibility to choose stocks from any market capitalisation based on market opportunities.
This flexibility allows the fund to adapt to changing market conditions, potentially balancing risk and reward more effectively. For investors, this means exposure to a diversified portfolio that can benefit from the stability of large companies and the growth potential of smaller companies. In this article, we will compare Parag Parikh Flexi Cap Fund and UTI Flexi Cap Fund
| Metric | Parag Parikh Flexi Cap Fund | UTI Flexi Cap Fund |
| Fund Type | Open-ended, equity-oriented flexi-cap scheme | Open-ended, diversified equity scheme |
| Investment Objective | Broad diversification across Indian & global equities; value-driven, long-term wealth creation | Long-term capital growth with focus on Indian large-, mid-, and small-cap stocks |
| Cash/Debt Holdings | ~26.30% in cash, debt, money market instruments, arbitrage positions (provides flexibility) | Primarily equity-focused, minimal cash/debt holdings |
| Returns (3-Year Avg.) | Reg Growth: 18.08% Direct Growth: 18.97% Benchmark (Nifty 500 TRI): 14.71% | 9.10% Nifty 500 TRI: 15.34% Nifty 50 TRI: 13.80% |
| Ideal For | Investors seeking global exposure with a value investment style and steady wealth creation | Investors seeking diversified Indian equity exposure with growth orientation |
Parag Parikh Flexi Cap Fund is an open-ended, equity-oriented investment scheme offering broad diversification across Indian and global equities. The fund maintains a flexible structure with a mandate to invest a minimum of 65% in Indian equities, while the remaining 35% can be allocated to international equities, domestic debt instruments, or money market securities.
The core portfolio is constructed with a long-term investment horizon. The fund’s strategy emphasises investing in fundamentally strong companies, guided by key qualitative and quantitative factors, including:
| 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% |
(Assumption: ₹10,000 invested on the 1st of every month)
| 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 1 Year (Apr 30, 2024 – Apr 30, 2025) | 1,20,000 | 1,23,628 | 1,24,089 |
| Last 3 Years (Apr 29, 2022 – Apr 30, 2025) | 3,60,000 | 4,85,998 | 4,92,208 |
| Last 5 Years (Apr 30, 2020 – Apr 30, 2025) | 6,00,000 | 10,03,082 | 10,28,136 |
| Last 10 Years (Apr 30, 2015 – Apr 30, 2025) | 12,00,000 | 33,32,416 | 35,08,210 |
UTI Flexi Cap Fund is an open-ended, diversified equity scheme that actively invests across large-cap, mid-cap, and small-cap companies. The fund seeks long-term capital growth by focusing on businesses with robust fundamentals and the potential to deliver sustained earnings growth over time.
This scheme is best suited for investors who:
| Period | NAV (%) | Nifty 500 TRI (%) | Nifty 50 TRI (%) |
| 1 Year | 12.80 | 5.95 | 9.01 |
| 3 Years | 9.10 | 15.34 | 13.80 |
| 5 Years | 18.94 | 23.63 | 21.16 |
| Since Inception | 12.42 | NA | NA |
For the 1-year period, the UTI Flexi Cap Fund delivered a strong return of 12.80%, outperforming both the Nifty 500 TRI at 5.95% and the Nifty 50 TRI at 9.01%. However, over the 3-year and 5-year horizons, the fund’s returns were lower than the benchmarks, with the UTI Flexi Cap Fund generating 9.10% and 18.94% respectively, while the Nifty 500 TRI achieved 15.34% and 23.63%, and the Nifty 50 TRI posted 13.80% and 21.16%
| Period | NAV (₹) | Nifty 500 TRI (₹) | Nifty 50 TRI (₹) |
| 1 Year | 11,280 | 10,595 | 10,901 |
| 3 Years | 12,989 | 15,350 | 14,743 |
| 5 Years | 23,815 | 28,898 | 26,123 |
| Since Inception | 474,728 | 0 | 0 |
Also Read: Quant Small Cap Fund vs SBI Small Cap Fund: Which Small Cap Scheme Delivered Higher Returns?
Both Parag Parikh Flexi Cap Fund and UTI Flexi Cap Fund offer compelling investment opportunities within the flexi-cap category, but they cater to slightly different investor preferences. Parag Parikh Flexi Cap Fund’s global diversification and value-driven approach make it a strong choice for investors seeking steady, long-term wealth creation with controlled risk. On the other hand, UTI Flexi Cap Fund appeals to those who prefer a growth-oriented portfolio focused primarily on Indian equities, with potential for higher returns in bullish markets.
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 31, 2025, 7:47 AM IST
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