Parag Parikh Flexi Cap Fund vs HDFC Flexi Cap Fund
Detailed stock-level portfolio comparison and mutual fund overlap analysis.
Real-World Rupee Impact: What 29.7% Overlap Means for Your Wealth
If you invest an equal ₹1,00,000 portfolio base across both schemes (₹50,000 in Parag and ₹50,000 in HDFC):
The Portfolio Verdict: Should You Hold Both?
Holding both Parag Parikh Flexi Cap and HDFC Flexi Cap results in moderate overlap (~30%). While both invest across market caps, Parag Parikh maintains a concentrated, value-oriented portfolio with select foreign equity exposure, whereas HDFC Flexi Cap runs a broader, high-conviction domestic large and mid-cap allocation. Investors can hold both if they desire differentiated manager styles, but holding one alongside a dedicated mid/small-cap fund is often more capital-efficient.
How Is This 29.7% Overlap Calculated?
Rather than merely matching stock names, our quantitative engine measures the minimum common portfolio weight for every security intersecting across both statutory AMFI disclosures:
Worked Example with HDFC Bank Limited:
Parag allocates 7.75% and HDFC allocates 6.03%. Your guaranteed common, duplicated exposure to HDFC Bank Limited is . Repeating this calculation across all 20 common stocks and summing their minimum common weights produces your exact 29.7% portfolio overlap.
4-Point Audit Checklist: Choosing Between These Two Funds
Category Mandate & Style
Overlap is moderate to low (29.7%). They can comfortably coexist in a portfolio if their market-cap orientation or investing styles (value vs growth) remain complementary.
Expense Ratio (Fee Drag)
Parag charges 0.69% vs HDFC at 0.75%. Over 10–15 years, a 0.20%+ fee difference compounds into lakhs of rupees in net corpus disparity.
Sector & Single-Stock Concentration
Check the combined sector weights below. If both funds heavily tilt toward the same sector (e.g. Banking or Tech), your portfolio is taking on concentrated cyclical risk.
Portfolio Rebalancing Action
Both schemes can be retained if they fit your asset allocation, but ensure your overall portfolio stays capped at 4 to 6 total mutual funds.
Scheme Profile Comparison
| Metric | Parag Parikh Flexi Cap Fund | HDFC Flexi Cap Fund |
|---|---|---|
| Fund House / AMC | PPFAS Mutual Fund | HDFC Mutual Fund |
| AMFI Direct Scheme Code | 122639 | 118955 |
| Total Equity Holdings | 56 stocks | 79 stocks |
| Expense Ratio (TER) | 0.69% | 0.75% |
| Disclosure Filing Date | Sep 30, 2026 | Sep 30, 2026 |
Top Overlapping Holdings
Companies held simultaneously by both schemes, ranked by cumulative portfolio overlap weight.
| Company Name | Sector | Weight in Parag | Weight in HDFC | Overlap Exposuremin(WA, WB) |
|---|---|---|---|---|
HDFC Bank LimitedINE040A01034 | Banks | 7.75% | 6.03% | 6.03% |
ICICI Bank LimitedINE090A01021 | Banks | 5.24% | 8.80% | 5.24% |
Kotak Mahindra Bank LimitedINE237A01036 | Banks | 4.44% | 3.40% | 3.40% |
Axis Bank LimitedINE238A01034 | Banks | 2.85% | 6.11% | 2.85% |
Bharti Airtel LimitedINE397D01024 | Telecom - Services | 2.91% | 2.62% | 2.62% |
HCL Technologies LimitedINE860A01027 | IT - Software | 3.96% | 2.44% | 2.44% |
Maruti Suzuki India LimitedINE585B01010 | Automobiles | 2.40% | 2.57% | 2.40% |
Power Grid Corporation of India LimitedINE752E01010 | Power | 5.60% | 2.11% | 2.11% |
Looking for all 20 overlapping holdings?
This curated snapshot highlights the top 8 common stocks. Use our free, interactive Mutual Fund Overlap Calculator to inspect all common holdings, calculate your Effective Number of Stocks (ENS), and simulate custom rupee allocations (₹ or %).
Sector Allocation Breakdown
How both schemes allocate capital across key Indian economic sectors.
| Sector | Parag (%) | HDFC (%) | Combined Weight (%) |
|---|---|---|---|
| Banks | 20.5% | 28.3% | 48.8% |
| Automobiles | 6.4% | 8.2% | 14.6% |
| IT - Software | 9.4% | 4.9% | 14.3% |
| Pharmaceuticals & Biotechnology | 4.3% | 8.4% | 12.7% |
| Power | 5.6% | 2.8% | 8.3% |
| Computer Software: Programming, Data Processing | 7.1% | 0.0% | 7.1% |
Frequently Asked Questions
What is the stock overlap between Parag Parikh Flexi Cap Fund and HDFC Flexi Cap Fund?
Based on statutory AMFI monthly disclosures as of Sep 30, 2026, the portfolio overlap betweenParag Parikh Flexi Cap Fund and HDFC Flexi Cap Fund is 29.7%. They hold 20 stocks in common.
Can I invest in both Parag Parikh Flexi Cap Fund and HDFC Flexi Cap Fund simultaneously?
Holding both Parag Parikh Flexi Cap and HDFC Flexi Cap results in moderate overlap (~30%). While both invest across market caps, Parag Parikh maintains a concentrated, value-oriented portfolio with select foreign equity exposure, whereas HDFC Flexi Cap runs a broader, high-conviction domestic large and mid-cap allocation. Investors can hold both if they desire differentiated manager styles, but holding one alongside a dedicated mid/small-cap fund is often more capital-efficient.
Which fund has a lower expense ratio?
Parag Parikh Flexi Cap Fund charges a Total Expense Ratio (TER) of 0.69% (Direct Plan), whileHDFC Flexi Cap Fund charges 0.75% (Direct Plan).Parag Parikh Flexi Cap Fund is currently more cost-effective by 0.06%.
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