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Fund Overview
Fund Size
₹1,47,405 Cr
Expense Ratio
0.69%
ISIN
INF879O01027
Minimum SIP
₹1,000
Exit Load
2.00%
Inception Date
24 May 2013
About this fund
Parag Parikh Flexi Cap Fund Direct Growth is a Flexi Cap mutual fund schemes offered by PPFAS Mutual Fund. This fund has been in existence for 13 years, 3 months and 27 days, having been launched on 24-May-13.
As of 17-Sep-26, it has a Net Asset Value (NAV) of ₹89.72, Assets Under Management (AUM) of 147404.51 Crores, and an expense ratio of 0.69%.
As of 17-Sep-26, it has a Net Asset Value (NAV) of ₹89.72, Assets Under Management (AUM) of 147404.51 Crores, and an expense ratio of 0.69%.
- Parag Parikh Flexi Cap Fund Direct Growth has given a CAGR return of 17.92% since inception.
- The fund's asset allocation comprises around 88.41% in equities, 0.21% in debts, and 11.38% in cash & cash equivalents.
- You can start investing in Parag Parikh Flexi Cap Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹1000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
-5.12%
— (Cat Avg.)
3 Years
+12.05%
+10.91% (Cat Avg.)
5 Years
+11.28%
+10.31% (Cat Avg.)
10 Years
+17.02%
+12.79% (Cat Avg.)
Since Inception
+17.92%
— (Cat Avg.)
Portfolio Summaryas of 31st August 2026
| Equity | ₹1,30,315.7 Cr | 88.41% |
| Debt | ₹309.74 Cr | 0.21% |
| Others | ₹16,779.07 Cr | 11.38% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| HDFC Bank Ltd | Equity | ₹11,253.9 Cr | 7.63% |
| ICICI Bank Ltd | Equity | ₹8,363.01 Cr | 5.67% |
| Power Grid Corp Of India Ltd | Equity | ₹8,223.36 Cr | 5.58% |
| ITC Ltd | Equity | ₹7,750.35 Cr | 5.26% |
| Bajaj Holdings and Investment Ltd | Equity | ₹7,571.11 Cr | 5.14% |
| Coal India Ltd | Equity | ₹7,394.59 Cr | 5.02% |
| Trp_010926 | Cash - Repurchase Agreement | ₹7,152.65 Cr | 4.85% |
| Kotak Mahindra Bank Ltd | Equity | ₹6,484.53 Cr | 4.40% |
| HCL Technologies Ltd | Equity | ₹6,123.21 Cr | 4.15% |
| Alphabet Inc Class A | Equity | ₹6,103.41 Cr | 4.14% |
| Mahindra & Mahindra Ltd | Equity | ₹5,856.68 Cr | 3.97% |
| Infosys Ltd | Equity | ₹4,845.81 Cr | 3.29% |
| Axis Bank Ltd | Equity | ₹4,377.36 Cr | 2.97% |
| Tata Consultancy Services Ltd | Equity | ₹4,246.95 Cr | 2.88% |
| Bharti Airtel Ltd | Equity | ₹4,126.07 Cr | 2.80% |
| Maruti Suzuki India Ltd | Equity | ₹3,946.91 Cr | 2.68% |
| Embassy Office Parks REIT | Equity - REIT | ₹3,653.08 Cr | 2.48% |
| Microsoft Corp | Equity | ₹3,539.08 Cr | 2.40% |
| Amazon.com Inc | Equity | ₹3,438.15 Cr | 2.33% |
| Meta Platforms Inc Class A | Equity | ₹3,219.6 Cr | 2.18% |
| Knowledge Realty Trust Units | Equity - REIT | ₹3,075.91 Cr | 2.09% |
| Cash Offset For Derivatives | Cash - General Offset | ₹2,783.13 Cr | 1.89% |
| Brookfield India Real Estate Trust | Equity - REIT | ₹2,355.12 Cr | 1.60% |
| Zydus Lifesciences Ltd | Equity | ₹2,236.99 Cr | 1.52% |
| Net Receivables / (Payables) | Cash | ₹-2,105.99 Cr | 1.43% |
| Cipla Ltd | Equity | ₹2,022.43 Cr | 1.37% |
| Indraprastha Gas Ltd | Equity | ₹1,730.94 Cr | 1.17% |
| Dr Reddy's Laboratories Ltd | Equity | ₹1,650.74 Cr | 1.12% |
| Zydus Wellness Ltd | Equity | ₹1,175.22 Cr | 0.80% |
| Indian Energy Exchange Ltd | Equity | ₹1,013.36 Cr | 0.69% |
| DLF Ltd | Equity | ₹947.42 Cr | 0.64% |
| E I D Parry India Ltd | Equity | ₹842.41 Cr | 0.57% |
| Petronet LNG Ltd | Equity | ₹703.52 Cr | 0.48% |
| Bajaj Finance Limited September 2026 Future | Equity - Future | ₹-571.75 Cr | 0.39% |
| Parag Parikh Liquid Dir Gr | Mutual Fund - Open End | ₹565.33 Cr | 0.38% |
| Bajaj Finance Ltd | Equity | ₹564.44 Cr | 0.38% |
| Reliance Industries Limited September 2026 Future | Equity - Future | ₹-528.38 Cr | 0.36% |
| Reliance Industries Ltd | Equity | ₹518.59 Cr | 0.35% |
| Bharat Petroleum Corporation Limited | Cash - Commercial Paper | ₹498.06 Cr | 0.34% |
| Kotak Mahindra Bank Limited | Cash - CD/Time Deposit | ₹490.62 Cr | 0.33% |
| Export-Import Bank Of India | Cash - Commercial Paper | ₹441.76 Cr | 0.30% |
| Canara Bank | Cash - CD/Time Deposit | ₹441.53 Cr | 0.30% |
| National Bank For Agriculture And Rural Development (18/09/2026) | Cash - CD/Time Deposit | ₹398.86 Cr | 0.27% |
| Narayana Hrudayalaya Ltd | Equity | ₹380.66 Cr | 0.26% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹374.44 Cr | 0.25% |
| Mahanagar Gas Ltd | Equity | ₹367.74 Cr | 0.25% |
| Kotak Mahindra Bank Ltd. | Bond - Corporate Bond | ₹348.67 Cr | 0.24% |
| Tbill | Bond - Gov't/Treasury | ₹347.86 Cr | 0.24% |
| Central Depository Services (India) Ltd | Equity | ₹317.61 Cr | 0.22% |
| Small Industries Development Bank of India | Bond - Corporate Bond | ₹298.84 Cr | 0.20% |
| Canara Bank | Cash - CD/Time Deposit | ₹296.32 Cr | 0.20% |
| Indian Bank | Cash - CD/Time Deposit | ₹292.28 Cr | 0.20% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹250 Cr | 0.17% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹243.6 Cr | 0.17% |
| CMS Info Systems Ltd | Equity | ₹236.21 Cr | 0.16% |
| CIE Automotive India Ltd | Equity | ₹230.65 Cr | 0.16% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹219.44 Cr | 0.15% |
| Future on BANK Index | Equity Index - Future | ₹-214.28 Cr | 0.15% |
| Tbill | Bond - Gov't/Treasury | ₹200.83 Cr | 0.14% |
| Hindustan Petroleum Corporation Limited | Cash - Commercial Paper | ₹199.53 Cr | 0.14% |
| Rec Limited | Cash - Commercial Paper | ₹199.32 Cr | 0.14% |
| Small Industries Development Bank of India | Bond - Corporate Bond | ₹198.56 Cr | 0.13% |
| Bajaj Finance Limited | Cash - Commercial Paper | ₹197.92 Cr | 0.13% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹196.35 Cr | 0.13% |
| Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited) | Cash - CD/Time Deposit | ₹195.37 Cr | 0.13% |
| ICICI Bank Limited | Cash - CD/Time Deposit | ₹194.7 Cr | 0.13% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹185.27 Cr | 0.13% |
| Sun Pharmaceutical Industries Limited September 2026 Future | Equity - Future | ₹-180.88 Cr | 0.12% |
| Small Industries Dev Bank Of India | Cash - CD/Time Deposit | ₹171.74 Cr | 0.12% |
| Great Eastern Shipping Co Ltd | Equity | ₹165.84 Cr | 0.11% |
| Titan Co Ltd | Equity | ₹165.55 Cr | 0.11% |
| Hindustan Aeronautics Limited September 2026 Future | Equity - Future | ₹-155.72 Cr | 0.11% |
| Hindustan Aeronautics Ltd Ordinary Shares | Equity | ₹154.42 Cr | 0.10% |
| Maharashtra Scooters Ltd | Equity | ₹151.01 Cr | 0.10% |
| Hindustan Petroleum Corporation Limited | Cash - Commercial Paper | ₹149.59 Cr | 0.10% |
| Export-Import Bank Of India | Cash - Commercial Paper | ₹149.47 Cr | 0.10% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹146.08 Cr | 0.10% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹145.92 Cr | 0.10% |
| ICRA Ltd | Equity | ₹141.29 Cr | 0.10% |
| Canara Bank | Equity | ₹141.25 Cr | 0.10% |
| State Bank of India | Equity | ₹130.7 Cr | 0.09% |
| State Bank of India Future Sept 26 | Equity - Future | ₹-129.87 Cr | 0.09% |
| Divi's Laboratories Ltd | Equity | ₹128.66 Cr | 0.09% |
| UltraTech Cement Ltd | Equity | ₹128.53 Cr | 0.09% |
| Divi's Laboratories Limited September 2026 Future | Equity - Future | ₹-125.73 Cr | 0.09% |
| Ntpc Limited | Cash - Commercial Paper | ₹124.53 Cr | 0.08% |
| Ultratech Cement Limited September 2026 Future | Equity - Future | ₹-114.84 Cr | 0.08% |
| Titan Company Limited October 2026 Future | Equity - Future | ₹-107.12 Cr | 0.07% |
| India (Republic of) | Bond - Short-term Government Bills | ₹104.99 Cr | 0.07% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹99.98 Cr | 0.07% |
| HDFC Bank Ltd. | Bond - Corporate Bond | ₹99.66 Cr | 0.07% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹98.78 Cr | 0.07% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹98.73 Cr | 0.07% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹97.41 Cr | 0.07% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹97.19 Cr | 0.07% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹97.18 Cr | 0.07% |
| Sundaram Finance Limited | Cash - Commercial Paper | ₹93.21 Cr | 0.06% |
| Hindalco Industries Limited September 2026 Future | Equity - Future | ₹-86.84 Cr | 0.06% |
| Hindalco Industries Ltd | Equity | ₹85.94 Cr | 0.06% |
| S-Oil Future Sept 26 | Equity - Future | ₹-77.75 Cr | 0.05% |
| Oil & Natural Gas Corp Ltd | Equity | ₹77.29 Cr | 0.05% |
| Tata Steel Ltd | Equity | ₹67.48 Cr | 0.05% |
| Tata Steel Limited September 2026 Future | Equity - Future | ₹-67.07 Cr | 0.05% |
| Future on Unilever | Equity - Future | ₹-63.64 Cr | 0.04% |
| Hindustan Unilever Ltd | Equity | ₹62.27 Cr | 0.04% |
| Bharat Electronics Limited September 2026 Future | Equity - Future | ₹-61.62 Cr | 0.04% |
| Bharat Electronics Ltd | Equity | ₹61.54 Cr | 0.04% |
| Titan Company Limited September 2026 Future | Equity - Future | ₹-60.86 Cr | 0.04% |
| Grasim Industries Ltd | Equity | ₹54.95 Cr | 0.04% |
| Grasim Industries Limited September 2026 Future | Equity - Future | ₹-54.38 Cr | 0.04% |
| IndusInd Bank Ltd | Equity | ₹50.03 Cr | 0.03% |
| Bank of Baroda | Bond - Corporate Bond | ₹49.88 Cr | 0.03% |
| Bajaj Finance Limited | Cash - Commercial Paper | ₹49.39 Cr | 0.03% |
| Power Finance Corp Ltd. | Cash - Commercial Paper | ₹49.33 Cr | 0.03% |
| Axis Bank Ltd | Cash - CD/Time Deposit | ₹49.25 Cr | 0.03% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹48.59 Cr | 0.03% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹47.32 Cr | 0.03% |
| Eicher Motors Limited September 2026 Future | Equity - Future | ₹-43.86 Cr | 0.03% |
| Eicher Motors Ltd | Equity | ₹43.43 Cr | 0.03% |
| Tvs Motor Company Limited September 2026 Future | Equity - Future | ₹-42.11 Cr | 0.03% |
| TVS Motor Co Ltd | Equity | ₹42.09 Cr | 0.03% |
| Bajaj Finserv Ltd | Equity | ₹36.07 Cr | 0.02% |
| Bajaj Finserv Limited September 2026 Future | Equity - Future | ₹-35.78 Cr | 0.02% |
| Indus Towers Ltd Ordinary Shares | Equity | ₹33.66 Cr | 0.02% |
| HDFC Bank Ltd. | Bond - Corporate Bond | ₹24.94 Cr | 0.02% |
| Icici Securities Limited (Earlier Icici Brokerage Services Limited) | Cash - Commercial Paper | ₹24.88 Cr | 0.02% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹24.63 Cr | 0.02% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹24.58 Cr | 0.02% |
| IDFC First Bank Ltd | Equity | ₹24.08 Cr | 0.02% |
| Ashok Leyland Limited September 2026 Future | Equity - Future | ₹-23.82 Cr | 0.02% |
| Ashok Leyland Ltd | Equity | ₹23.62 Cr | 0.02% |
| Nesco Ltd | Equity | ₹20.19 Cr | 0.01% |
| Swaraj Engines Ltd | Equity | ₹16.88 Cr | 0.01% |
| Jsw Steel Limited September 2026 Future | Equity - Future | ₹-15.93 Cr | 0.01% |
| JSW Steel Ltd | Equity | ₹15.71 Cr | 0.01% |
| Ultratech Cement Limited October 2026 Future | Equity - Future | ₹-15.3 Cr | 0.01% |
| Tata Consumer Future Sept 26 | Equity - Future | ₹-4.2 Cr | 0.00% |
| Tata Consumer Products Ltd | Equity | ₹4.17 Cr | 0.00% |
| Cash | Cash | ₹1.61 Cr | 0.00% |
| Lupin Ltd | Equity | ₹1.12 Cr | 0.00% |
| Lupin Future Sept 26 | Equity - Future | ₹-1.11 Cr | 0.00% |
| Mahindra & Mahindra Limited 3600 Call September 2026 Option | Equity - Option (Call) | ₹-0.55 Cr | 0.00% |
| Cenergy Holdings SA Future Sept 26 | Equity - Future | ₹-0.28 Cr | 0.00% |
| JSW Energy Ltd | Equity | ₹0.28 Cr | 0.00% |
| Maruti Suzuki India Limited 14200 Call September 2026 Option | Equity - Option (Call) | ₹-0.19 Cr | 0.00% |
| Maruti Suzuki India Limited 14500 Call September 2026 Option | Equity - Option (Call) | ₹-0.14 Cr | 0.00% |
| Coal India Limited 425 Call September 2026 Option | Equity - Option (Call) | ₹-0.13 Cr | 0.00% |
| Power Grid Corporation Of India Limited 285 Call September 2026 Option | Equity - Option (Call) | ₹-0.12 Cr | 0.00% |
| Dr. Reddy's Laboratories Limited 1260 Call September 2026 Option | Equity - Option (Call) | ₹-0.1 Cr | 0.00% |
| Cipla Limited 1500 Call September 2026 Option | Equity - Option (Call) | ₹-0.11 Cr | 0.00% |
| Cipla Limited 1480 Call September 2026 Option | Equity - Option (Call) | ₹-0.1 Cr | 0.00% |
| Dr. Reddy's Laboratories Limited 1240 Call September 2026 Option | Equity - Option (Call) | ₹-0.08 Cr | 0.00% |
| Cipla Limited 1520 Call September 2026 Option | Equity - Option (Call) | ₹-0.08 Cr | 0.00% |
| Coal India Limited 430 Call September 2026 Option | Equity - Option (Call) | ₹-0.02 Cr | 0.00% |
| Power Grid Corporation Of India Limited 290 Call September 2026 Option | Equity - Option (Call) | ₹-0.01 Cr | 0.00% |
Allocation By Market Cap (Equity)
Large Cap Stocks
65.20%
Mid Cap Stocks
8.00%
Small Cap Stocks
5.95%
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹40,619.76 Cr | 27.56% |
| Technology | ₹18,755.06 Cr | 12.72% |
| Consumer Cyclical | ₹13,740.33 Cr | 9.32% |
| Communication Services | ₹13,482.74 Cr | 9.15% |
| Utilities | ₹10,322.31 Cr | 7.00% |
| Consumer Defensive | ₹8,992 Cr | 6.10% |
| Energy | ₹8,693.99 Cr | 5.90% |
| Healthcare | ₹6,605.87 Cr | 4.48% |
| Basic Materials | ₹1,195.01 Cr | 0.81% |
| Real Estate | ₹947.42 Cr | 0.64% |
| Industrials | ₹661.83 Cr | 0.45% |
Risk & Performance Ratios
Standard Deviation
This fund
9.94%
Cat. avg.
15.51%
Lower the better
Sharpe Ratio
This fund
0.75
Cat. avg.
0.50
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.75
Higher the better
Fund Managers
RM
Raj Mehta
Since September 2025
Rajeev Thakkar
Since May 2013
Raunak Onkar
Since May 2013
RT
Rukun Tarachandani
Since May 2022
Tejas Soman
Since September 2025
MK
Mansi Kariya
Since December 2023
AD
Aishwarya Dhar
Since September 2025
Additional Scheme Detailsas of 31st August 2026
ISIN INF879O01027 | Expense Ratio 0.69% | Exit Load 2.00% | Fund Size ₹1,47,405 Cr | Age 13 years 3 months | Lumpsum Minimum ₹1,000 | Fund Status Open Ended Investment Company | Benchmark Nifty 500 TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Flexi Cap Funds
About the AMC
PPFAS Mutual Fund
Total AUM
₹1,70,790 Cr
Address
Great Western Building, 1st Floor, Mumbai, 400 001
Other Funds by PPFAS Mutual Fund
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Parag Parikh Large Cap Fund Direct Growth Very High Risk | 0.4% | 0.0% | ₹860.10 Cr | - |
| Parag Parikh Dynamic Asset Allocation Fund Direct Growth Moderately High risk | 0.4% | 1.0% | ₹2574.82 Cr | 3.6% |
| Parag Parikh Arbitrage Fund Direct Growth Low Risk | 1.0% | 0.0% | ₹2798.93 Cr | 6.6% |
| Parag Parikh Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹6721.83 Cr | 6.4% |
| Parag Parikh Conservative Hybrid Fund Direct Growth Moderately High risk | 0.3% | 1.0% | ₹3481.42 Cr | 4.9% |
| Parag Parikh Flexi Cap Fund Direct Growth Very High Risk | 0.7% | 2.0% | ₹147404.51 Cr | -5.1% |
| Parag Parikh Tax Saver Fund Direct Growth Very High Risk | 0.7% | 0.0% | ₹5613.32 Cr | -10.7% |
Risk Level
Your principal amount will be at Very High Risk
Take control of your wealth
Related Articles
Still got questions?
We're here to help.
What is the current NAV of Parag Parikh Flexi Cap Fund Direct Growth?
The NAV of Parag Parikh Flexi Cap Fund Direct Growth, as of 17-Sep-2026, is ₹89.72.
What are the returns of Parag Parikh Flexi Cap Fund Direct Growth?
The fund has generated -5.12% over the last 1 year and 12.05% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of Parag Parikh Flexi Cap Fund Direct Growth?
The fund's allocation of assets is distributed as 88.41% in equities, 0.21% in bonds, and 11.38% in cash and cash equivalents.
Who manages the Parag Parikh Flexi Cap Fund Direct Growth?
The fund managers responsible for Parag Parikh Flexi Cap Fund Direct Growth are:-
- Raj Mehta
- Rajeev Thakkar
- Raunak Onkar
- Rukun Tarachandani
- Tejas Soman
- Mansi Kariya
- Aishwarya Dhar
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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Pvt. Ltd. is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
