Fund Overview
Fund Size
₹78,490 Cr
Expense Ratio
0.63%
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 11 years, 3 months and 27 days, having been launched on 24-May-13.
As of 19-Sep-24, it has a Net Asset Value (NAV) of ₹87.53, Assets Under Management (AUM) of 78490.29 Crores, and an expense ratio of 0.63%.
As of 19-Sep-24, it has a Net Asset Value (NAV) of ₹87.53, Assets Under Management (AUM) of 78490.29 Crores, and an expense ratio of 0.63%.
- Parag Parikh Flexi Cap Fund Direct Growth has given a CAGR return of 21.09% since inception.
- The fund's asset allocation comprises around 82.41% in equities, 1.44% in debts, and 16.15% 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
+36.66%
+40.10% (Cat Avg.)
3 Years
+18.36%
+18.45% (Cat Avg.)
5 Years
+27.70%
+22.70% (Cat Avg.)
10 Years
+19.14%
+14.97% (Cat Avg.)
Since Inception
+21.09%
— (Cat Avg.)
Portfolio Summaryas of 31st August 2024
| Equity | ₹64,679.97 Cr | 82.41% |
| Debt | ₹1,132.97 Cr | 1.44% |
| Others | ₹12,677.35 Cr | 16.15% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Clearing Corporation Of India Ltd | Cash - Repurchase Agreement | ₹10,123.22 Cr | 12.90% |
| HDFC Bank Ltd | Equity | ₹6,261.59 Cr | 7.98% |
| Power Grid Corp Of India Ltd | Equity | ₹5,289.75 Cr | 6.74% |
| Bajaj Holdings and Investment Ltd | Equity | ₹5,208.02 Cr | 6.64% |
| ITC Ltd | Equity | ₹4,432.38 Cr | 5.65% |
| Coal India Ltd | Equity | ₹4,387.29 Cr | 5.59% |
| ICICI Bank Ltd | Equity | ₹4,067.8 Cr | 5.18% |
| Maruti Suzuki India Ltd | Equity | ₹3,774.33 Cr | 4.81% |
| HCL Technologies Ltd | Equity | ₹3,279.8 Cr | 4.18% |
| Axis Bank Ltd | Equity | ₹2,778.94 Cr | 3.54% |
| Meta Platforms Inc Class A | Equity | ₹2,584.17 Cr | 3.29% |
| Alphabet Inc Class A | Equity | ₹2,571.46 Cr | 3.28% |
| Microsoft Corp | Equity | ₹2,564.44 Cr | 3.27% |
| Amazon.com Inc | Equity | ₹2,045.36 Cr | 2.61% |
| Kotak Mahindra Bank Ltd | Equity | ₹1,962.49 Cr | 2.50% |
| Motilal Oswal Financial Services Ltd | Equity | ₹1,740.9 Cr | 2.22% |
| Infosys Ltd | Equity | ₹1,697.58 Cr | 2.16% |
| Central Depository Services (India) Ltd | Equity | ₹1,377.43 Cr | 1.75% |
| Multi Commodity Exchange of India Ltd | Equity | ₹1,292.01 Cr | 1.65% |
| Balkrishna Industries Ltd | Equity | ₹1,185.4 Cr | 1.51% |
| NMDC Ltd | Equity | ₹919.6 Cr | 1.17% |
| Indian Energy Exchange Ltd | Equity | ₹900.18 Cr | 1.15% |
| Zydus Lifesciences Ltd | Equity | ₹866.1 Cr | 1.10% |
| Dr Reddy's Laboratories Ltd | Equity | ₹824.46 Cr | 1.05% |
| Indraprastha Gas Ltd | Equity | ₹748.14 Cr | 0.95% |
| Cipla Ltd | Equity | ₹690.78 Cr | 0.88% |
| Cash Offset For Derivatives | Cash - General Offset | ₹550.74 Cr | 0.70% |
| Ipca Laboratories Ltd | Equity | ₹490.42 Cr | 0.62% |
| India (Republic of) | Bond - Short-term Government Bills | ₹292.64 Cr | 0.37% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹284.87 Cr | 0.36% |
| Canara Bank | Cash - CD/Time Deposit | ₹278.68 Cr | 0.36% |
| Bajaj Finance Limited September 2024 Future | Equity - Future | ₹-269.74 Cr | 0.34% |
| Bajaj Finance Ltd | Equity | ₹268.03 Cr | 0.34% |
| ICICI Bank Limited | Cash - CD/Time Deposit | ₹258.99 Cr | 0.33% |
| ICRA Ltd | Equity | ₹253.18 Cr | 0.32% |
| Net Receivables / (Payables) | Cash | ₹-244.08 Cr | 0.31% |
| Union Bank of India | Bond - Gov't Agency Debt | ₹193.97 Cr | 0.25% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹193.22 Cr | 0.25% |
| E I D Parry India Ltd | Equity | ₹187.41 Cr | 0.24% |
| Indian Bank | Bond - Gov't Agency Debt | ₹186.19 Cr | 0.24% |
| UTI Asset Management Co Ltd | Equity | ₹183.73 Cr | 0.23% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹170.18 Cr | 0.22% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹164.2 Cr | 0.21% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹141.81 Cr | 0.18% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹140.63 Cr | 0.18% |
| Kotak Mahindra Bank Ltd. | Bond - Corporate Bond | ₹121.29 Cr | 0.15% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹117.82 Cr | 0.15% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹117.76 Cr | 0.15% |
| Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited) | Cash - CD/Time Deposit | ₹95.08 Cr | 0.12% |
| Indian Bank | Cash - CD/Time Deposit | ₹94.8 Cr | 0.12% |
| India (Republic of) | Bond - Short-term Government Bills | ₹94.13 Cr | 0.12% |
| Kotak Mahindra Bank Ltd. | Bond - Corporate Bond | ₹93.11 Cr | 0.12% |
| HDFC Bank Ltd. | Bond - Corporate Bond | ₹93.06 Cr | 0.12% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹93.06 Cr | 0.12% |
| Maharashtra Scooters Ltd | Equity | ₹78.09 Cr | 0.10% |
| Kotak Mahindra Bank Limited | Cash - CD/Time Deposit | ₹72.99 Cr | 0.09% |
| 364 DTB 09012025 | Bond - Gov't/Treasury | ₹58.6 Cr | 0.07% |
| Bharat Electronics Limited September 2024 Future | Equity - Future | ₹-33.58 Cr | 0.04% |
| Bharat Electronics Ltd | Equity | ₹33.44 Cr | 0.04% |
| Tech Mahindra Limited September 2024 Future | Equity - Future | ₹-33.09 Cr | 0.04% |
| Tech Mahindra Ltd | Equity | ₹32.89 Cr | 0.04% |
| Tata Motors Ltd | Equity | ₹32.21 Cr | 0.04% |
| Tata Motors Limited September 2024 Future | Equity - Future | ₹-32.05 Cr | 0.04% |
| Indusind Bank Limited September 2024 Future | Equity - Future | ₹-29.72 Cr | 0.04% |
| IndusInd Bank Ltd | Equity | ₹29.57 Cr | 0.04% |
| Bharti Airtel Limited September 2024 Future | Equity - Future | ₹-26.51 Cr | 0.03% |
| Bharti Airtel Ltd | Equity | ₹26.42 Cr | 0.03% |
| ICICI Bank Limited | Cash - CD/Time Deposit | ₹23.4 Cr | 0.03% |
| Hindalco Industries Limited September 2024 Future | Equity - Future | ₹-21.65 Cr | 0.03% |
| Mahindra & Mahindra Limited September 2024 Future | Equity - Future | ₹-21.55 Cr | 0.03% |
| Hindalco Industries Ltd | Equity | ₹21.5 Cr | 0.03% |
| Mahindra & Mahindra Ltd | Equity | ₹21.41 Cr | 0.03% |
| Nifty 50 Index 22000 Call December 2024 Option | Equity Index - Option (Call) | ₹19.19 Cr | 0.02% |
| Swaraj Engines Ltd | Equity | ₹16.1 Cr | 0.02% |
| Bandhan Bank Limited September 2024 Future | Equity - Future | ₹-13.68 Cr | 0.02% |
| Bandhan Bank Ltd | Equity | ₹13.57 Cr | 0.02% |
| Biocon Limited September 2024 Future | Equity - Future | ₹-13.29 Cr | 0.02% |
| Biocon Ltd | Equity | ₹13.2 Cr | 0.02% |
| Reliance Industries Limited September 2024 Future | Equity - Future | ₹-12.69 Cr | 0.02% |
| Reliance Industries Ltd | Equity | ₹12.61 Cr | 0.02% |
| Bharat Heavy Electricals Limited September 2024 Future | Equity - Future | ₹-6.68 Cr | 0.01% |
| Bharat Heavy Electricals Ltd | Equity | ₹6.64 Cr | 0.01% |
| Hindustan Unilever Limited September 2024 Future | Equity - Future | ₹-6.46 Cr | 0.01% |
| Hindustan Unilever Ltd | Equity | ₹6.42 Cr | 0.01% |
| Idfc Limited September 2024 Future | Equity - Future | ₹-5.81 Cr | 0.01% |
| Titan Company Limited September 2024 Future | Equity - Future | ₹-5.77 Cr | 0.01% |
| IDFC Ltd | Equity | ₹5.76 Cr | 0.01% |
| Titan Co Ltd | Equity | ₹5.74 Cr | 0.01% |
| Dlf Limited September 2024 Future | Equity - Future | ₹-5.68 Cr | 0.01% |
| DLF Ltd | Equity | ₹5.65 Cr | 0.01% |
| Hindustan Copper Limited September 2024 Future | Equity - Future | ₹-4.78 Cr | 0.01% |
| Hindustan Copper Ltd | Equity | ₹4.76 Cr | 0.01% |
| Accelya Solutions India Ltd | Equity | ₹4.44 Cr | 0.01% |
| Pi Industries Limited September 2024 Future | Equity - Future | ₹-2.37 Cr | 0.00% |
| PI Industries Ltd | Equity | ₹2.36 Cr | 0.00% |
| Tata Steel Limited September 2024 Future | Equity - Future | ₹-1.52 Cr | 0.00% |
| Tata Steel Ltd | Equity | ₹1.51 Cr | 0.00% |
| Hdfc Life Insurance Company Limited September 2024 Future | Equity - Future | ₹-1.47 Cr | 0.00% |
| HDFC Life Insurance Co Ltd | Equity | ₹1.46 Cr | 0.00% |
| Jindal Steel & Power Limited September 2024 Future | Equity - Future | ₹-0.85 Cr | 0.00% |
| Jindal Steel & Power Ltd | Equity | ₹0.85 Cr | 0.00% |
| Bajaj Finserv Limited September 2024 Future | Equity - Future | ₹-0.81 Cr | 0.00% |
| Bajaj Finserv Ltd | Equity | ₹0.8 Cr | 0.00% |
| Larsen & Toubro Limited September 2024 Future | Equity - Future | ₹-0.45 Cr | 0.00% |
| Larsen & Toubro Ltd | Equity | ₹0.44 Cr | 0.00% |
| Tata Consultancy Services Limited September 2024 Future | Equity - Future | ₹-0.32 Cr | 0.00% |
| Tata Consultancy Services Ltd | Equity | ₹0.32 Cr | 0.00% |
| United Spirits Limited September 2024 Future | Equity - Future | ₹-0.21 Cr | 0.00% |
| United Spirits Ltd | Equity | ₹0.21 Cr | 0.00% |
Allocation By Market Cap (Equity)
Large Cap Stocks
57.53%
Mid Cap Stocks
5.41%
Small Cap Stocks
7.70%
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹26,345.48 Cr | 33.57% |
| Technology | ₹7,579.47 Cr | 9.66% |
| Consumer Cyclical | ₹7,158.64 Cr | 9.12% |
| Utilities | ₹6,037.88 Cr | 7.69% |
| Communication Services | ₹5,182.04 Cr | 6.60% |
| Consumer Defensive | ₹4,439 Cr | 5.66% |
| Energy | ₹4,399.9 Cr | 5.61% |
| Healthcare | ₹2,884.95 Cr | 3.68% |
| Basic Materials | ₹1,137.99 Cr | 1.45% |
| Industrials | ₹40.52 Cr | 0.05% |
| Real Estate | ₹5.65 Cr | 0.01% |
Risk & Performance Ratios
Standard Deviation
This fund
10.80%
Cat. avg.
12.92%
Lower the better
Sharpe Ratio
This fund
1.19
Cat. avg.
0.97
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.85
Higher the better
Fund Managers
RM
Raj Mehta
Since January 2016
Rajeev Thakkar
Since May 2013
Raunak Onkar
Since May 2013
RT
Rukun Tarachandani
Since May 2022
MK
Mansi Kariya
Since December 2023
Additional Scheme Detailsas of 31st August 2024
ISIN | INF879O01027 | Expense Ratio | 0.63% | Exit Load | 2.00% | Fund Size | ₹78,490 Cr | Age | 24 May 2013 | 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:
- If units are sold after 1 year from the date of investment: Gains up to INR 1.25 lakh in a financial year are exempt from tax. Any gains exceeding INR 1.25 lakh are taxed at a rate of 12.5%.
- If units are sold within 1 year from the date of investment: The entire amount of gain is taxed at a rate of 20%.
- Holding the units: No tax is applicable as long as you continue to hold the units.
Dividend Taxation:
Dividends are added to the investor’s income and taxed according to their respective tax slabs. Additionally, if an investors dividend income exceeds INR 5,000 in a financial year, the fund house deducts a 10% Tax Deducted at Source (TDS) before distributing the dividend.
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
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Kotak Flexicap Fund Regular Growth Very High Risk | 1.4% | 1.0% | ₹52955.61 Cr | 33.1% |
| Baroda BNP Paribas Flexi Cap Fund Direct Growth Very High Risk | 0.9% | 1.0% | ₹1393.45 Cr | 41.6% |
| Baroda BNP Paribas Flexi Cap Fund Regular Growth Very High Risk | 2.1% | 1.0% | ₹1393.45 Cr | 39.9% |
| JM Flexicap Fund Regular Growth Very High Risk | 1.8% | 1.0% | ₹4228.30 Cr | 55.8% |
| ITI Flexi Cap Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹1228.13 Cr | 50.4% |
| ITI Flexi Cap Fund Regular Growth Very High Risk | 2.1% | 1.0% | ₹1228.13 Cr | 47.8% |
| Parag Parikh Flexi Cap Fund Regular Growth Very High Risk | 1.3% | 2.0% | ₹78490.29 Cr | 35.7% |
| Parag Parikh Flexi Cap Fund Direct Growth Very High Risk | 0.6% | 2.0% | ₹78490.29 Cr | 36.7% |
| Motilal Oswal Flexicap Fund Direct Growth Very High Risk | 0.9% | 1.0% | ₹11728.02 Cr | 56.6% |
| Motilal Oswal Flexicap Fund Regular Growth Very High Risk | 1.7% | 1.0% | ₹11728.02 Cr | 55.3% |
About the AMC
Total AUM
₹85,262 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 Arbitrage Fund Direct Growth Low Risk | 0.3% | 0.0% | ₹971.38 Cr | - |
| Parag Parikh Liquid Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹2372.18 Cr | 7.0% |
| Parag Parikh Conservative Hybrid Fund Direct Growth Moderately High risk | 0.3% | 1.0% | ₹2219.94 Cr | 16.1% |
| Parag Parikh Flexi Cap Fund Direct Growth Very High Risk | 0.6% | 2.0% | ₹78490.29 Cr | 36.7% |
| Parag Parikh Tax Saver Fund Direct Growth Very High Risk | 0.6% | 0.0% | ₹4152.25 Cr | 34.9% |
Risk Level
Your principal amount will be at Very High Risk
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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 19-Sep-2024, is ₹87.53.
What are the returns of Parag Parikh Flexi Cap Fund Direct Growth?
The fund has generated 36.66% over the last 1 year and 18.36% 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 82.41% in equities, 1.44% in bonds, and 16.15% 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
- Mansi Kariya
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 Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 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.