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Fund Overview

Fund Size

Fund Size

₹2,050 Cr

Expense Ratio

Expense Ratio

0.17%

ISIN

ISIN

INF879O01068

Minimum SIP

Minimum SIP

₹1,000

Exit Load

Exit Load

No Charges

Inception Date

Inception Date

11 May 2018

About this fund

Parag Parikh Liquid Fund Direct Growth is a Liquid mutual fund schemes offered by PPFAS Mutual Fund. This fund has been in existence for 5 years, 11 months and 6 days, having been launched on 11-May-18.
As of 17-Apr-24, it has a Net Asset Value (NAV) of ₹1346.54, Assets Under Management (AUM) of 2050.35 Crores, and an expense ratio of 0.17%.
  • Parag Parikh Liquid Fund Direct Growth has given a CAGR return of 5.14% since inception.
  • The fund's asset allocation comprises around 0.00% in equities, 0.00% in debts, and 99.74% in cash & cash equivalents.
  • You can start investing in Parag Parikh Liquid Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.

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

+6.95%

+6.12%(Cat. Avg.)

3 Years

+5.25%

+4.80%(Cat. Avg.)

5 Years

+4.89%

+4.25%(Cat. Avg.)

Since Inception

+5.14%

--%(Cat. Avg.)

Portfolio Summaryas of 31st March 2024

Others2,050.35 Cr100.00%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
Clearing Corporation Of India LtdCash - Repurchase Agreement113.33 Cr5.53%
Indian BankCash - CD/Time Deposit99.98 Cr4.88%
Union Bank Of IndiaCash - CD/Time Deposit99.98 Cr4.88%
ICICI Bank LimitedCash - CD/Time Deposit99.4 Cr4.85%
Canara BankCash - CD/Time Deposit99.24 Cr4.84%
Axis Bank LimitedCash - CD/Time Deposit99.1 Cr4.83%
Punjab National BankCash - CD/Time Deposit74.98 Cr3.66%
182 DTB 04042024Bond - Gov't/Treasury74.96 Cr3.66%
91 DTB 11042024Bond - Gov't/Treasury74.86 Cr3.65%
India (Republic of)Bond - Short-term Government Bills74.77 Cr3.65%
91 DTB 02052024Bond - Gov't/Treasury74.58 Cr3.64%
364 DTB 09052024Bond - Gov't/Treasury74.48 Cr3.63%
India (Republic of)Bond - Short-term Government Bills74.38 Cr3.63%
India (Republic of)Bond - Short-term Government Bills74.19 Cr3.62%
182 DTB 06062024Bond - Gov't/Treasury74.08 Cr3.61%
India (Republic of)Bond - Short-term Government Bills73.88 Cr3.60%
India (Republic of)Bond - Short-term Government Bills73.79 Cr3.60%
182 DTB 13062024Bond - Gov't/Treasury64.12 Cr3.13%
National Bank For Agriculture And Rural DevelopmentCash - Commercial Paper49.99 Cr2.44%
182 DTB 11042024Bond - Gov't/Treasury49.91 Cr2.43%
HDFC Bank LimitedCash - Commercial Paper49.84 Cr2.43%
Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited)Cash - CD/Time Deposit49.84 Cr2.43%
364 DTB 25042024Bond - Gov't/Treasury49.78 Cr2.43%
HDFC Bank LimitedCash - Commercial Paper49.76 Cr2.43%
Bank Of BarodaCash - CD/Time Deposit49.68 Cr2.42%
Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited)Cash - CD/Time Deposit49.61 Cr2.42%
National Bank For Agriculture And Rural DevelopmentCash - Commercial Paper24.88 Cr1.21%
National Bank for Agriculture and Rural DevelopmentCash - Commercial Paper24.85 Cr1.21%
Bank Of BarodaCash - CD/Time Deposit24.84 Cr1.21%
Punjab National BankCash - CD/Time Deposit24.8 Cr1.21%
Bank Of BarodaCash - CD/Time Deposit24.76 Cr1.21%
India (Republic of)Bond - Short-term Government Bills24.73 Cr1.21%
Corporate Debt Market Development Fund #Mutual Fund - Open End5.24 Cr0.26%
Net Receivables / (Payables)Cash3.74 Cr0.18%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

InstrumentsAmount sortHoldings sort
Cash - CD/Time Deposit796.21 Cr38.83%
Bond - Gov't/Treasury536.77 Cr26.18%
Bond - Short-term Government Bills395.75 Cr19.30%
Cash - Commercial Paper199.31 Cr9.72%
Cash - Repurchase Agreement113.33 Cr5.53%
Mutual Fund - Open End5.24 Cr0.26%
Cash3.74 Cr0.18%

Risk & Performance Ratios

Standard Deviation

This fund

0.46%

Cat. avg.

0.50%

Lower the better

Sharpe Ratio

This fund

-2.18

Cat. avg.

-1.87

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

-0.98

Higher the better

Fund Managers

RM

Raj Mehta

Since May 2018

MK

Mansi Kariya

Since December 2023

Additional Scheme Detailsas of 31st March 2024

ISININF879O01068Expense Ratio0.17%Exit LoadNo ChargesFund Size₹2,050 CrAge11 May 2018Lumpsum Minimum₹5,000Fund StatusOpen Ended Investment CompanyBenchmarkCRISIL Liquid Debt A-I TR INR

Investment ObjectiveInvestment 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

Withdrawal (irrespective of holding period)

Realised Gain (capital gains) are taxed at your marginal income tax rate

Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

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About the AMC

Total AUM

₹66,165 Cr

Address

Great Western Building, 1st Floor, Mumbai, 400 001

Other Funds by PPFAS Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
Parag Parikh Arbitrage Fund Direct Growth

Low Risk

0.4%0.0%₹433.97 Cr-
Parag Parikh Liquid Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹2050.35 Cr6.9%
Parag Parikh Conservative Hybrid Fund Direct Growth

Moderately High risk

0.3%1.0%₹1888.61 Cr17.1%
Parag Parikh Flexi Cap Fund Direct Growth

Very High Risk

0.6%2.0%₹60559.43 Cr39.8%
Parag Parikh Tax Saver Fund Direct Growth

Very High Risk

0.7%0.0%₹3174.82 Cr32.9%

Risk Level

Your principal amount will be at Low to Moderate Risk

Low to Moderate Risk
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The NAV of Parag Parikh Liquid Fund Direct Growth, as of 17-Apr-2024, is ₹1346.54.
The fund has generated 6.95% over the last 1 year and 5.25% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
The fund's allocation of assets is distributed as 0.00% in equities, 0.00% in bonds, and 99.74% in cash and cash equivalents.
The fund managers responsible for Parag Parikh Liquid Fund Direct Growth are:-
  1. Raj Mehta
  2. Mansi Kariya