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Parag Parikh Mutual Fund (Also known as PPFAS Mutual Fund)>
Parag Parikh Liquid Fund Direct Growth

Parag Parikh Liquid Fund Direct Growth

Debt

Direct

Liquid

About the Fund

Parag Parikh Liquid Fund Direct Growth is a debt fund. This fund was started on 11 May, 2018. The fund is managed by Raj Mehta. This fund is suitable to keep your money safe.

Key Parameters

Parag Parikh Liquid Fund Direct Growth has ₹2237 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
The fund has an expense ratio 0.2.

Returns

Parag Parikh Liquid Fund Direct Growth has given a CAGR return of 5.22% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.02%, 5.60% and 4.93% respectively.

Holdings

Parag Parikh Liquid Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Corporate, Government. Its top holdings are 91 DTB 02082024, Axis Bank Limited**, Indian Bank, Ntpc Limited, Union Bank Of India

Taxation

As it is a liquid mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

Investment objective of Parag Parikh Liquid Fund Direct Growth

To deliver reasonable market related returns with lower risk and high liquidity through judicious investments in money market and debt instruments.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Parag Parikh Liquid Fund Direct Growth has no lock in period.

Fund Performance

856 people have invested ₹ 15.2Cr in Parag Parikh Liquid Fund Direct Growth in the last three months

Fund Overview

Expense ratio	0.16%
Benchmark	CRISIL Liquid Fund TR INR
AUM	₹2237 Cr
Inception Date	11 May, 2018
Min Lumpsum/SIP	₹5000/₹1000
Exit Load	0.007%
Lock In	No Lock-in
TurnOver	204.87%
Risk	Low to Moderate Risk

Fund Distribution
as on (31-Dec-69)

Debt & Cash 99.8%

AAA

100%

Sector Allocation

Jun'24

May'24

Apr'24

Cash Equivalent

49.4%

Corporate

29.3%

Government

21.3%

All changes are between Oct'69 and Dec'69

as on (30-Jun-24)

Debt & Cash

Holdings	Weight%	1M Change
91 DTB 02082024	5.57%	0%
Axis Bank Limited**	4.46%	0%
Indian Bank	4.46%	0%
Ntpc Limited	4.46%	0%
Union Bank Of India	4.43%	0%

See all

Returns %
Fund Ratios
Overview

Funds	1Y Returns	3Y Returns	5Y Returns	Since Inception
Parag Parikh Liquid Fund Direct Growth	7%	5.6%	4.9%	5.2%
Edelweiss Liquid Fund Direct Growth	7.5%	6%	5.4%	6.8%
Mahindra Manulife Liquid Fund Direct Plan Growth	7.4%	6%	5.4%	6.1%
Aditya Birla Sun Life Liquid Direct Plan Growth	7.4%	6%	5.3%	6.9%

See all

Raj Mehta

Fund Manager of Parag Parikh Liquid Fund Direct Growth, since 11 May 2018

Top funds managed

Scheme	Annualised Returns(3Y)	Category Returns(3Y)
Parag Parikh Flexi Cap Direct Growth	20.01%	18.85%
Parag Parikh ELSS Tax Saver Fund Direct Growth	22.07%	19.51%
Parag Parikh Liquid Fund Direct Growth	5.6%	5.13%

Mutual Fund Insights

In the last 5 years, Quant Liquid Plan Growth Option Direct Plan has given 5.75% return, outperforming this fund by 0.82% per annum.

This fund expense ratio is slightly on the lower side within the category (liquid). Its expense ratio is 0.16% which is lower than the category average expense ratio of 0.27%.

Over the last 1 month, this fund has experienced a 5.8% growth in AUM moving from 2.11K Cr to 2.23K Cr.

In the last 1 year, Edelweiss Liquid Fund Direct Growth has given 7.47% return, outperforming this fund by 0.45%.

In the last 3 years, Aditya Birla Sun Life Liquid Direct Plan Growth has given 5.98% return, outperforming this fund by 0.38% per annum.

Parag Parikh Liquid Fund Direct Growth Highlights

Low to Moderate Risk

Investors understand that their principal will be at Low to Moderate Risk

About the fund

This fund has delivered an average annual returns of 5.22% since inception which is more than its category average return of 4.97%

AUM size ₹2237 Cr

This fund has AUM of ₹2237 Cr which is less than its category average of ₹ 13488 Cr

Expense Ratio 0.16%

This fund has an expense ratio of 0.16% which is less than its category average expense ratio of 0.24%

Frequently Asked Questions

The current NAV of Parag Parikh Liquid Fund Direct Growth is ₹1371.45 as on 25-Jul-2024.

Existing (Absolute + CAGR) as on 25-Jul-2024.

Parag Parikh Liquid Fund Direct Growth	Absolute Returns	CAGR Returns
1 Month Returns	0.57%	0.57%
6 Month Returns	3.52%	3.52%
1 Year Returns	7.02%	7.02%
3 Years Returns	17.74%	5.6%
5 Years Returns	27.22%	4.93%

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.

0.16% as on June 2024

₹2237 Cr as on June 2024

91 DTB 02082024(5.57%), Axis Bank Limited**(4.46%), Indian Bank(4.46%), Ntpc Limited(4.46%), Union Bank Of India(4.43%) as on June 2024

Cash Equivalent(58.93%), Corporate(24.43%), Government(16.64%) as on June 2024

Yield to Maturity is 6.94 as on June 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.

Modified Duration is 0.1 as on June 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.

AAA

100

Raj Mehta is the fund manager of Parag Parikh Liquid Fund Direct Growth

The Exit load of Parag Parikh Liquid Fund Direct Growth is 0.01%

Parag Parikh Liquid Fund Direct Growth