Parag Parikh Flexi Cap Fund vs UTI Nifty 50 Index Fund
Detailed stock-level portfolio comparison and mutual fund overlap analysis.
Real-World Rupee Impact: What 38.9% 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 UTI):
The Portfolio Verdict: Should You Hold Both?
Parag Parikh Flexi Cap shares ~39% overlap with the UTI Nifty 50 Index. While PPFAS holds bluechip domestic leaders (HDFC Bank, ITC, ICICI Bank), its allocation to Alphabet, Microsoft, mid-caps, and high cash reserves provides substantial differentiation from the pure passive index.
How Is This 38.9% 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 UTI allocates 9.85%. Your guaranteed common, duplicated exposure to HDFC Bank Limited is . Repeating this calculation across all 29 common stocks and summing their minimum common weights produces your exact 38.9% portfolio overlap.
4-Point Audit Checklist: Choosing Between These Two Funds
Category Mandate & Style
Overlap is moderate to low (38.9%). 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 UTI at 0.45%. 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 | UTI Nifty 50 Index Fund |
|---|---|---|
| Fund House / AMC | PPFAS Mutual Fund | UTI Mutual Fund |
| AMFI Direct Scheme Code | 122639 | 120716 |
| Total Equity Holdings | 56 stocks | 51 stocks |
| Expense Ratio (TER) | 0.69% | 0.45% |
| Disclosure Filing Date | Sep 30, 2026 | Aug 31, 2026 |
Top Overlapping Holdings
Companies held simultaneously by both schemes, ranked by cumulative portfolio overlap weight.
| Company Name | Sector | Weight in Parag | Weight in UTI | Overlap Exposuremin(WA, WB) |
|---|---|---|---|---|
HDFC Bank LimitedINE040A01034 | Banks | 7.75% | 9.85% | 7.75% |
ICICI Bank LimitedINE090A01021 | Banks | 5.24% | 9.45% | 5.24% |
Infosys LimitedINE009A01021 | IT - Software | 2.93% | 3.61% | 2.93% |
Bharti Airtel LimitedINE397D01024 | Telecom - Services | 2.91% | 5.00% | 2.91% |
Axis Bank LimitedINE238A01034 | Banks | 2.85% | 3.39% | 2.85% |
Kotak Mahindra Bank LimitedINE237A01036 | Banks | 4.44% | 2.80% | 2.80% |
Mahindra & Mahindra LimitedINE101A01026 | Automobiles | 3.89% | 2.66% | 2.66% |
ITC LimitedINE154A01025 | Diversified FMCG | 5.49% | 2.24% | 2.24% |
Looking for all 29 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 (%) | UTI (%) | Combined Weight (%) |
|---|---|---|---|
| Banks | 20.5% | 29.5% | 50.0% |
| IT - Software | 9.4% | 8.5% | 17.9% |
| Automobiles | 6.4% | 7.1% | 13.4% |
| Finance | 5.3% | 5.8% | 11.1% |
| Diversified FMCG | 5.5% | 3.8% | 9.4% |
| Petroleum Products | 0.3% | 7.8% | 8.1% |
Frequently Asked Questions
What is the stock overlap between Parag Parikh Flexi Cap Fund and UTI Nifty 50 Index Fund?
Based on statutory AMFI monthly disclosures as of Sep 30, 2026, the portfolio overlap betweenParag Parikh Flexi Cap Fund and UTI Nifty 50 Index Fund is 38.9%. They hold 29 stocks in common.
Can I invest in both Parag Parikh Flexi Cap Fund and UTI Nifty 50 Index Fund simultaneously?
Parag Parikh Flexi Cap shares ~39% overlap with the UTI Nifty 50 Index. While PPFAS holds bluechip domestic leaders (HDFC Bank, ITC, ICICI Bank), its allocation to Alphabet, Microsoft, mid-caps, and high cash reserves provides substantial differentiation from the pure passive index.
Which fund has a lower expense ratio?
Parag Parikh Flexi Cap Fund charges a Total Expense Ratio (TER) of 0.69% (Direct Plan), whileUTI Nifty 50 Index Fund charges 0.45% (Direct Plan).UTI Nifty 50 Index Fund is currently more cost-effective by 0.24%.
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