Flexi-cap funds with highest and lowest large-cap stock allocation: What the data shows — SkimNews
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- SEBI rules require flexi-cap funds to invest at least 65% of assets in equity and equity-related instruments, leaving fund managers discretion over the market-cap mix.
- Value Research data pegged the flexi-cap category's average large-cap allocation at 58.41%, based on Direct Plans data as of 31 July 2026.
- Parag Parikh Flexi Cap Fund posted the highest large-cap tilt among the top 10 flexi-cap funds by AUM at 91.14%, more than 32 percentage points above the category average.
- Franklin India Flexi Cap Fund (76.87%) and HDFC Flexi Cap Fund (75.69%) rounded out the top three, both also well above 75% in large-caps.
- Motilal Oswal Flexi Cap Fund carried the lowest large-cap allocation in the cohort, roughly 20.6 percentage points below the category average (around 37.8%).
- ICICI Prudential Flexicap Fund sat closest to the middle of the group at 65.23% in large-caps, while ABSL Flexi Cap Fund was also below average and UTI and SBI were only slightly above it.
Why it matters: Two funds in the same 'flexi-cap' category can behave like completely different products — Parag Parikh's 91% large-cap tilt behaves almost like a large-cap fund, while Motilal Oswal's ~38% functions closer to a mid/small-cap strategy. Investors comparing flexi-cap options need to check the actual large-cap share to avoid accidental overlap with existing large-cap holdings or unintended mid-cap exposure.
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