New Delhi, June 15 -- Parag Parikh Flexi Cap Fund and HDFC Flexi Cap Fund are two of the largest and most popular flexi cap mutual funds in India. Parag Parikh Flexi Cap Fund currently leads the category with an AUM of Rs.1,41,447 crores, while HDFC Flexi Cap Fund follows closely with assets worth Rs.1,01,822 crores.

While Parag Parikh's NAV stands at Rs.89.29 and HDFC's at Rs.2,155.38, a higher per unit cost (NAV) does not necessarily mean a fund is better or more expensive to invest in. What matters more is how efficiently the fund has generated returns relative to the risk taken.

So, when it comes to performance, risk-adjusted returns, and long-term wealth creation, which of these two flexi cap giants comes out on top? Let's find out...