Parag Parikh Flexi Cap Fund currently leads the category with an AUM of ₹1.41 lakh crore, followed closely by HDFC Flexi Cap Fund at ₹1.01 lakh crore. While HDFC outperformed across the 1-year, 3-year, and 5-year periods, Parag Parikh Flexi Cap Fund delivered better returns over the 10-year horizon.