Parag Parikh Flexi Cap Fund Direct Growth

Parag Parikh Flexi Cap Fund Direct Growth

Equity

Direct

Flexi Cap

NAV as on 12-12-2024

₹ 89.2

-0.2%

1D

Inception Returns

20.9%

/yr

About Parag Parikh Flexi Cap Fund Direct Growth

Parag Parikh Flexi Cap fund is the flagship fund of the PPFAS Mutual Fund and one of the most sought-after schemes in the flexi cap category. This fund invests in domestic stocks, US equities and debt. However, on average, 65% of its corpus is allocated to Indian stocks, allowing it to benefit from favourable capital gains tax treatment of equity. 


Parag Parikh Flexi Cap is one of the few funds in India that invest in a basket of domestic and foreign stocks. Through this unique investment approach, it aims to reduce portfolio volatility and country risk while offering a wide array of choices to investors. The fund’s stock selection is not limited by factors like sectors, market capitalisation and geographies.


Launched in 2013, it is an actively managed scheme with the aim to provide long-term capital growth. While PPFAS manages 6 schemes, its most popular fund remains Parag Parikh Flexi Cap. Its assets under management (AUM) of over Rs 65,000 crore account for over 80% of the total AUM of the fund house. The scheme has consistently outperformed the benchmark over three, five and 10 years. 


The senior management team of the fund house invests a significant portion of their available funds into the Parag Parikh Flexi Cap Fund since well ahead of the regulatory requirement for having ‘skin in the game’.


Fund Managers

Four fund managers oversee the Parag Parikh Flexi Cap fund. Rajeev Thakkar and Rukun Tarachandani manage the domestic equities portion of the fund, while Raunka Onkar oversees the foreign component. Raj Mehta manages the fixed-income portion.


Holdings

A large portion of Parag Parikh Flexi Cap Fund’s holdings are spread across banks, computer software, capital markets, power, finance, FMCG, consumable fuels, IT and automobiles. It also holds significant cash in its portfolio, allowing the fund managers the flexibility to pick the right stocks whenever opportunities arise. 


Suitability

Parag Parikh Flexi Cap fund has provided inflation beating returns over the years, and is more suitable for investors that have a long-term investment horizon of five or more years. Those with high-risk appetite and ability to withstand volatility should consider this fund. As part of its stock picking process, it does extensive fundamental research and valuation study. 


Investment Objective

This fund aims to create value and long-term capital growth for investors by investing in equity and equity-related securities. Parag Parikh Flexi Cap’s investment philosophy is to invest in value stocks that are available at a discount to their intrinsic value. 


The taxation on capital gains from equity funds depends on the holding period and the amount of the gain: Short-Term Capital Gains (STCG): If you sell your equity fund units within one year, you will be subject to a 20% tax on the gains. Long-Term Capital Gains (LTCG): If you hold your equity fund units for more than one year before selling, any gains exceeding ₹1.25 lakh will be taxed at 12.5%. Gains up to ₹1 lakh are exempt from taxes.


Minimum investment & lock-in period

Minimum investment for lump sum payment is ₹1,000 and for SIP is ₹1,000. Parag Parikh Flexi Cap Fund has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
280275 people have invested ₹ 234Cr in Parag Parikh Flexi Cap Fund Direct Growth in the last three months

INDmoney Rank for Parag Parikh Flexi Cap Fund Direct Growth

Powered by IND quant engine
4
/20
55% Performance
64% Risk Management
77% Cost
4 out of 20 among flexi cap
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Lower volatility within category
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Lower probablity of downside risk
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Protects capital during bear phase
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No bad points found for this fund.

Parag Parikh Flexi Cap Fund Direct Growth Overview

Expense ratio0.63%
Benchmark
S&P BSE 500 India TR INR
AUM₹81919 Cr
Inception Date24 May, 2013
Min Lumpsum/SIP₹1000/₹1000
Exit Load
2.0%
Lock InNo Lock-in
TurnOver
8.67%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (12-Dec-24)

Period
Parag Parikh Flexi Cap Fund Direct Growth
Nifty 500
flexi cap
1M
3%
4.1%
4.6%
3M
2.9%
-2.7%
-1.4%
6M
10.5%
5.9%
8.6%
1Y
29.8%
24.5%
29.4%
3Y
17.4%
15.3%
17.3%
5Y
26.8%
19.1%
20.1%

Fund Distribution

as on (31-Oct-24)

  • Equity 78.3%

  • Debt & Cash 21.7%

Large cap
59.8%

Mid cap
3.8%

Small cap
3.2%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
40.6%
Tech
11.3%
Consumer Cyclical
10.4%
Utilities
9.3%
Communication
8.5%
Energy
8.2%
Consumer Defensive
7%
Health
4.2%
Basic Materials
0.3%
Industrial
0.1%
Real Estate
0%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-2.97%
3.18%
1.16%
Nifty 500
-6.52%
2.04%
0.97%
  • This fund’s returns stands at -2.97% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
  • This fund outperformed Nifty 500 by 3.54% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 82.4K Cr
₹ 82.4K Cr
₹ 76K Cr
  • AUM of the fund stands at 82.4K Cr as of Oct'24
  • AUM has remained same between Oct'24 and Sep'24
Top Stocks bought last month
Coal India Ltd's allocation increased from 6.04% to 6.49%
Coal India Ltd's allocation increased from 6.04% to 6.49%
HDFC Bank Ltd's allocation increased from 8.13% to 8.41%
HDFC Bank Ltd's allocation increased from 8.13% to 8.41%
ICICI Bank Ltd's allocation increased from 5.11% to 5.32%
ICICI Bank Ltd's allocation increased from 5.11% to 5.32%
Top Stocks sold last month
Power Grid Corp Of India Ltd's allocation decreased from 7.29 % to 7.08 %
Power Grid Corp Of India Ltd's allocation decreased from 7.29 % to 7.08 %
Bajaj Holdings and Investment Ltd's allocation decreased from 6.72 % to 6.67 %
Bajaj Holdings and Investment Ltd's allocation decreased from 6.72 % to 6.67 %
Maruti Suzuki India Ltd's allocation decreased from 4.89 % to 4.11 %
Maruti Suzuki India Ltd's allocation decreased from 4.89 % to 4.11 %
Mid Cap allocation has gone down from 5.5% to 4.6%
Mid Cap allocation has gone down from 5.5% to 4.6%
Large Cap allocation has gone down from 59.7% to 59.3%
Large Cap allocation has gone down from 59.7% to 59.3%
Small Cap allocation has gone down from 4.3% to 3.7%
Small Cap allocation has gone down from 4.3% to 3.7%
Debt allocation has gone up from 0.9% to 0.9%
Debt allocation has gone up from 0.9% to 0.9%
Cash allocation has gone up from 17.8% to 19.6%
Cash allocation has gone up from 17.8% to 19.6%

Top 3 Sectors in October were Financial Services, Corporate & Tech

Oct'24
Financial Services
41%
Tech
11%
Consumer Cyclical
10%
Sep'24
Financial Services
40%
Corporate
17%
Tech
11%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
102
99
101
Top 5 Company Concentration
34.3%
33.7%
32.6%
Company having highest exposure
HDFC Bank Ltd (8.4%)
HDFC Bank Ltd (8.1%)
HDFC Bank Ltd (8%)
No of Sectors
13
13
13
Top 5 Sectors Concentration
80.1%
89.7%
91.1%
Sector having highest exposure
Financial Services (40.6%)
Financial Services (40.2%)
Financial Services (40.4%)
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Raunak Onkar
Raunak Onkar
Fund Manager of Parag Parikh Flexi Cap Fund Direct Growth, since 24 May 2013
Raj Mehta
Raj Mehta
Fund Manager of Parag Parikh Flexi Cap Fund Direct Growth, since 27 January 2016
Rajeev Thakkar
Rajeev Thakkar
Fund Manager of Parag Parikh Flexi Cap Fund Direct Growth, since 24 May 2013
Fund House
PPFAS Asset Management Pvt. Ltd
Total Schemes
Total AUM
₹93.75K Cr
as on 31-Oct-2024
Address
PPFAS Asset Management Pvt. Ltd.,Great Western Building, 1st Floor,,130/132, S.B.S. Marg, Opp. Lion Gate,,Fort,
Phone
+912261406555
Website
swapnil@ppfas.com

Mutual Fund Insights

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In the last 1 year, Motilal Oswal Flexicap Fund Direct Plan Growth has given 53.71% return, outperforming this fund by 23.72%.
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This fund with AUM at ₹81918.71Cr is among the largest funds in the flexi cap category.
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This fund expense ratio is slightly on the lower side within the category (flexi cap). Its expense ratio is 0.63% which is lower than the category average expense ratio of 1.16%.
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In the last 3 years, JM Flexicap Fund (Direct) Growth Option has given 28.28% return, outperforming this fund by 10.78% per annum.
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Over the last 6 months, this fund has experienced a 28.1% growth in AUM moving from 63.93K Cr to 81.91K Cr.
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In the last 5 years, Quant Flexi Cap Fund Growth Option Direct Plan has given 33.6% return, outperforming this fund by 6.67% per annum.
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Over the last 15 months, this fund has decreased expense ratio by 7.4% moving from 0.68 to 0.63.

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 20.85% since inception which is more than its category average return of 20.23%
Fund Allocations

Fund Allocations

This fund has an allocation of 78.31% in Equity, 0.33% in Debt and 21.36% in Cash related instruments
AUM size ₹81919 Cr

AUM size ₹81919 Cr

This fund has AUM of ₹81919 Cr which is more than its category average of ₹ 8795 Cr
Expense Ratio 0.63%

Expense Ratio 0.63%

This fund has an expense ratio of 0.63% which is less than its category average expense ratio of 1.34%

Frequently Asked Questions for Parag Parikh Flexi Cap Fund Direct Growth

The current NAV of Parag Parikh Flexi Cap Fund Direct Growth is ₹89.2 as on 12-Dec-2024.
Existing (Absolute + CAGR) as on 12-Dec-2024.
Parag Parikh Flexi Cap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.02%
3.02%
6 Month Returns
10.47%
10.47%
1 Year Returns
29.81%
29.81%
3 Years Returns
61.86%
17.41%
5 Years Returns
227.51%
26.78%
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0.63% as on November 2024
₹81919 Cr as on November 2024
HDFC Bank Ltd(8.41%), Power Grid Corp Of India Ltd(7.08%), Bajaj Holdings and Investment Ltd(6.67%), Coal India Ltd(6.49%), ITC Ltd(5.64%) as on November 2024
Financial Services(31.25%), Tech(9.11%), Consumer Cyclical(8.26%) as on November 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
8.92
3.48
8.3
As on November 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
0.58
0.71
0.75
As on November 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
2.46
1.01
1.2
As on November 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
7.99
11.05
15.94
As on November 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 1.69 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.13 as on November 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Raunak Onkar, Raj Mehta, 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%