Mutual fund industry is growing with rapid pace globally and domestically; the global mutual fund assets market was valued at approximate USD 55.85 Trillion. And in India Assets under management (AUM) is approximately 71.23 trillion. Purpose of this study is to analyse the most popular scheme of mutual fund that is Flexi cap. And our study is based on two highly preferred flexi-cap fund i.e. HDFC Flexi cap Fund and Parag Parikh flexi cap fund.