Parag Parikh Flexi Cap Fund Direct Growth

Parag Parikh Flexi Cap Fund Direct Growth

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Equity
Direct
Flexi Cap
NAV: ₹ 80.58 as on 13-06-2024

About the Fund

Parag Parikh Flexi Cap Fund is a unique diversified equity scheme that invests in a broad range of stocks across various sectors, market capitalizations, and geographies. The fund seeks to generate long-term capital growth from an actively managed portfolio of equity and equity-related securities, foreign equities, debt securities, and related instruments.

It's worth noting that Parag Parikh Flexi Cap Fund invests an average of 65% of its corpus in listed Indian equities, allowing it to benefit from favorable capital gains tax treatment of equity. The fund's investment universe is not restricted by any limitations such as market capitalisation or geographies, offering investors a wider choice of investment opportunities.

The fund seeks to benefit from its unique investment approach to reduce portfolio volatility and country risk while allowing winners to rotate in and out of the portfolio.

Key Parameters

  1. Parag Parikh Flexi Cap Fund Direct Growth has ₹63934 Cr worth of assets under management (AUM) as on Apr 2024 and is more than category average.
  2. The fund has an expense ratio 0.6.

Returns

Parag Parikh Flexi Cap Fund Direct Growth has given a CAGR return of 20.77% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 37.72%, 21.93% and 25.33% respectively.

Holdings

Parag Parikh Flexi Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Corporate, Consumer Cyclical, Tech, Communication, Utilities, Consumer Defensive, Energy, Health, Government, Basic Materials, Industrial. Its top holdings are HDFC Bank Ltd, Power Grid Corp Of India Ltd, Bajaj Holdings and Investment Ltd, ITC Ltd, Coal India Ltd

Taxation

As it is a flexi cap mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of Parag Parikh Flexi Cap Fund Direct Growth

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.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 1000.00. Parag Parikh Flexi Cap Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
223683 people have invested ₹ 191.9Cr in Parag Parikh Flexi Cap Fund Direct Growth in the last three months

INDmoney Rank

Powered by IND quant engine
2
/18
55% Performance
78% Risk Management
80% Cost
2 out of 18 among flexi cap

Pros

Consistently beats benchmark
Lower volatility within category
Lower probablity of downside risk

Cons

No bad points found for this fund.

Overview

Expense ratio
Expense ratio
0.62%
Benchmark
Benchmark
S&P BSE 500 India TR INR
AUM
AUM
₹63934 Cr
Inception Date
Inception Date
24 May, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹1000/₹1000
Exit Load
Exit Load
2%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
9.11%

Parag Parikh Flexi Cap Fund Direct Growth Distribution as on (30-Apr-24)

  • Equity 84.4%

  • Debt & Cash 15.6%

Size breakup

Large cap
70.3%
Small cap
7.4%
Mid cap
7.2%
Sector Allocation

Apr'24

Mar'24

Feb'24

Financial Services
40.5%
Consumer Cyclical
12.2%
Tech
11.2%
Communication
8.7%
Utilities
8.7%
Consumer Defensive
5.9%
Energy
5.8%
Health
4.5%
Basic Materials
2.5%
Industrial
0%

Monthly Changes Updates

All changes are between Feb'24 and Apr'24
Fund Performance
Apr'24
Mar'24
Feb'24
Fund Returns
2.80%
0.10%
3.91%
Nifty 500
2.46%
-0.47%
1.58%
  • This fund’s returns stands at 2.80% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.46% as on Apr'24
  • This fund outperformed Nifty 500 by 0.34% in Apr'24
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 60.6K Cr
₹ 60.6K Cr
₹ 58.9K Cr
  • AUM of the fund stands at 60.6K Cr as of Apr'24
  • AUM has remained same between Apr'24 and Mar'24
Fund Portfolio Changes

Top Holdings of Parag Parikh Flexi Cap Fund Direct Growth as on (31-May-24)

  • Equity

  • Debt & Cash

Equity Holdings60
Debt Holdings21

Mutual Fund Insights

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In the last 1 year, Bank of India Flexi Cap Fund Direct Growth has given 67.71% return, outperforming this fund by 28.53%.
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Over the last 1 month, this fund has increased expense ratio by 8.8% moving from 0.57 to 0.62.
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In the last 5 years, Quant Flexi Cap Fund Growth Option Direct Plan has given 33.84% return, outperforming this fund by 8.54% per annum.
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This fund has one of the lowest expense ratio in the category (flexi cap). Its expense ratio is 0.62% which is lower than the category average expense ratio of 1.17%.
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Over the last 6 months, this fund has experienced a 45.2% growth in AUM moving from 44.03K Cr to 63.93K Cr.
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In the last 3 years, JM Flexicap Fund (Direct) Growth Option has given 31.15% return, outperforming this fund by 9.14% per annum.

Fund Manager

Raj Mehta
Raj Mehta
Fund Manager of Parag Parikh Flexi Cap Fund Direct Growth, since 27 January 2016
Raunak Onkar
Raunak Onkar
Fund Manager of Parag Parikh Flexi Cap Fund Direct Growth, since 24 May 2013
Rajeev Thakkar
Rajeev Thakkar
Fund Manager of Parag Parikh Flexi Cap Fund Direct Growth, since 24 May 2013

Parag Parikh Flexi Cap Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 20.77% since inception which is more than its category average return of 20.34%
Fund Allocations

Fund Allocations

This fund has an allocation of 84.38% in Equity, 1.83% in Debt and 13.79% in Cash related instruments
AUM size ₹63934 Cr

AUM size ₹63934 Cr

This fund has AUM of ₹63934 Cr which is more than its category average of ₹ 7777 Cr
Expense Ratio 0.62%

Expense Ratio 0.62%

This fund has an expense ratio of 0.62% which is less than its category average expense ratio of 1.36%

Frequently Asked Questions

The current NAV of Parag Parikh Flexi Cap Fund Direct Growth is ₹80.58 as on 13-Jun-2024.
Existing (Absolute + CAGR) as on 13-Jun-2024.
Parag Parikh Flexi Cap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
4.66%
4.66%
6 Month Returns
16.54%
16.54%
1 Year Returns
37.72%
37.72%
3 Years Returns
81.27%
21.93%
5 Years Returns
209.25%
25.33%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.62% as on May 2024
₹63934 Cr as on May 2024
HDFC Bank Ltd(8.42%), Power Grid Corp Of India Ltd(6.35%), Bajaj Holdings and Investment Ltd(6.03%), ITC Ltd(5.45%), Coal India Ltd(5.35%) as on May 2024
Financial Services(34.21%), Consumer Cyclical(10.3%), Tech(9.42%) as on May 2024
The alpha ratio for the Parag Parikh Flexi Cap Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Parag Parikh Flexi Cap Fund Direct Growth
8.14
5.71
8.44
As on May 2024
The alpha for Parag Parikh Flexi Cap Fund Direct Growth is calculated against S&P BSE 500 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Parag Parikh Flexi Cap Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Parag Parikh Flexi Cap Fund Direct Growth
0.59
0.71
0.75
As on May 2024
The Beta for Parag Parikh Flexi Cap Fund Direct Growth is calculated with S&P BSE 500 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Parag Parikh Flexi Cap Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Parag Parikh Flexi Cap Fund Direct Growth
3.08
1.3
1.16
As on May 2024
The sharpe ratio for Parag Parikh Flexi Cap Fund Direct Growth is calculated with S&P BSE 500 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Parag Parikh Flexi Cap Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Parag Parikh Flexi Cap Fund Direct Growth
7.3
11.09
15.85
As on May 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 2.31 as on May 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.4 as on May 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Raj Mehta, Raunak Onkar, Rajeev Thakkar are the fund managers of Parag Parikh Flexi Cap Fund Direct Growth
The Exit load of Parag Parikh Flexi Cap Fund Direct Growth is 2%