Parag Parikh Flexi Cap Fund

1. Fund Overview

Parag Parikh Flexi Cap Fund (PPFCF) is an open-ended dynamic equity scheme investing across large cap, mid cap, and small cap stocks. The fund aims to generate long-term capital growth through an actively managed portfolio of equity and equity-related securities, including Indian equities, foreign equities, and debt securities.

The Parag Parikh Flexi Cap Fund aims to foster substantial, long-term wealth creation through dynamic portfolio management. The fund’s primary focus is on cultivating a diverse array of equity and equity-linked securities, with the flexibility to invest across Indian and foreign equities, as well as debt instruments. This strategy is designed to capitalize on various market opportunities while maintaining a balanced approach to risk and return.

Parag Parikh Website

2. Key Features

• Flexible investment approach across market capitalizations
• Ability to invest in foreign equities
• Long-term investment horizon (minimum 5 years recommended)
• Actively managed portfolio

3. Fund Details

Parameter	Details
Fund Name	Parag Parikh Flexi Cap Fund (PPFCF)
Fund Type	Open-ended dynamic Equity scheme
Launch Date	May 24, 2013
Benchmark	Nifty 500 (TRI) NIFTY 50 (TRI)
Fund Size	INR 84,640.59 Crores
Net Asset Value (NAV) as on Nov 29, 2024	Regular Plan: 79.955 Direct Plan: 86.7639
Fund Managers	Mr. Rajeev Thakkar, Mr. Raunak Onkar, Mr. Raj Mehta, Mr. Rukun Tarachandani, Ms. Mansi Kariya

4. Asset Allocation

Asset Class	Allocation
Core Equity	65.83%
Arbitrage and Special Situations	1.02%
Overseas Securities, IDRs and ADRs	12.50%
Debt and Money Market Instruments	20.65%

5. Investment Strategy

The fund employs a flexible investment strategy, investing across market capitalizations and sectors. It also includes foreign equities in its portfolio, allowing for geographical diversification. The fund aims to generate long-term capital growth through active management

6. Fund Managers

1. Mr. Rajeev Thakkar – Equity Fund Manager (Since Inception)
2. Mr. Raunak Onkar – Dedicated Fund Manager for Overseas Securities (Since Inception)
3. Mr. Raj Mehta – Debt Fund Manager (Since January 27, 2016)
4. Mr. Rukun Tarachandani – Equity Fund Manager (Since May 16, 2022)
5. Ms. Mansi Kariya – Co-Fund Manager – Debt (Since December 22, 2023)

7. Expense Ratio

Regular Plan: 1.33%*
Direct Plan: 0.63%*
*Including additional expenses and GST on management fees. Total Expense ratio is as on last business day of the month

8. Portfolio Composition

Top 10 Holdings

Here are the Top 10 Holdings of the Parag Parikh Flexi Cap Fund :

Company Name	Industry	% of Net Assets
HDFC Bank Limited	Banks	8.42%
Power Grid Corporation of India Limited	Power	7.22%
Bajaj Holdings & Investment Limited	Finance	6.59%
Coal India Limited	Consumable Fuels	6.45%
ITC Limited	Diversified FMCG	5.58%
ICICI Bank Limited	Banks	5.18%
HCL Technologies Limited	IT – Software	4.08%
Maruti Suzuki India Limited	Automobiles	3.98%
Meta Platforms Registered Shares A	Computer Software	3.39%
Axis Bank Limited	Banks	3.44%

Here are the top 10 Debt and Money Market Instruments held by the Parag Parikh Flexi Cap Fund, presented in tabular format:

Instrument	Rating	% of Net Assets
Union Bank of India (26/11/2025)	ICRA A1+	0.55%
State Bank of India (11/02/2025)	CRISIL A1+	0.47%
Bank of Baroda (15/05/2025)	IND A1+	0.46%
Punjab National Bank (15/05/2025)	CRISIL A1+	0.34%
Canara Bank (02/09/2025)	CRISIL A1+	0.34%
ICICI Bank Limited (27/06/2025)	ICRA A1+	0.31%
Kotak Mahindra Bank Limited (22/08/2025)	CRISIL A1+	0.22%
Indian Bank (20/08/2025)	CRISIL A1+	0.22%
ICICI Bank Limited (14/11/2025)	ICRA A1+	0.22%
HDFC Bank Limited (11/07/2025)	CARE A1+	0.20%

These instruments are primarily Certificates of Deposit issued by various banks and financial institutions, all rated A1+, which is the highest short-term credit rating. The percentages represent each instrument’s proportion of the fund’s total net assets.

ere are the overseas investments of the Parag Parikh Flexi Cap Fund in tabular format:

Company	Industry	% of Net Assets
Meta Platforms Registered Shares A	Computer Software	3.39%
Alphabet Inc A	Computer Software	3.17%
Microsoft Corp	Computer Software	3.10%
Amazon Com Inc	Catalog/Specialty Distribution	2.84%

9. Sector Allocation

Sector	Allocation
Banks	20.09%
Finance	6.90%
Power	7.22%
Consumable Fuels	6.45%
Diversified FMCG	5.58%
IT – Software	6.12%
Automobiles	3.98%
Capital Markets	4.67%
Computer Software (Overseas)	9.66%
Others	29.33%

10. Quantitative Metrics

Metric	Value
Beta	0.72
Standard Deviation	11.05%
Sharpe Ratio	0.85
Portfolio Turnover (excl Equity Arbitrage)	12.12%
Portfolio Turnover (incl Equity Arbitrage)	22.07%

11. Performance

Lumpsum Investment Performance (Compounded annual returns)

Period	PPFCF (Regular)	PPFCF (Direct)	NIFTY 500 (TRI)	NIFTY 50 (TRI)
Since Inception (May 24, 2013)	19.77%	20.62%	15.97%	14.27%
Last 1 Year (Nov 30, 2023 to Nov 29, 2024)	28.56%	29.49%	27.29%	21.27%
Last 3 Years (Nov 30, 2021 to Nov 29, 2024)	16.74%	17.73%	16.89%	13.76%
Last 5 Years (Nov 29, 2019 to Nov 29, 2024)	24.60%	25.72%	19.44%	16.21%
Last 10 Years (Nov 28, 2014 to Nov 29, 2024)	17.85%	18.74%	13.85%	12.23%

SIP Investment Performance

SIP Investment Performance (Assumption : `10,000/- is invested on the first of every month):

Period	Total Amount Invested	Market Value (Regular Plan)	Market Value (Direct Plan)	Regular Plan Returns	Direct Plan Returns	NIFTY 500 (TRI) Returns	NIFTY 50 (TRI) Returns
Since Inception	₹13,90,000	₹48,29,083	₹51,21,076	20.04%	20.95%	16.52%	14.73%
Last 1 Year	₹1,20,000	₹1,32,378	₹1,32,904	19.80%	20.66%	13.28%	9.79%
Last 3 Years	₹3,60,000	₹5,13,703	₹5,20,474	24.55%	25.51%	21.42%	16.50%
Last 5 Years	₹6,00,000	₹11,06,888	₹11,35,974	24.78%	25.86%	22.00%	18.08%
Last 10 Years	₹12,00,000	₹35,14,016	₹36,98,074	20.38%	21.33%	16.83%	15.04%

Value of Rs. 10,000 Investment

Period	PPFCF (Regular)	PPFCF (Direct)	NIFTY 500 (TRI)	NIFTY 50 (TRI)
Since Inception	79,955	86,764	55,191	46,548
Last 1 Year	12,856	12,949	12,729	12,127
Last 3 Years	15,909	16,316	15,969	14,723
Last 5 Years	30,072	31,445	24,337	21,208
Last 10 Years	51,792	55,811	36,639	31,741

12. FAQs

1. What is the investment objective of Parag Parikh Flexi Cap Fund?

The Parag Parikh Flexi Cap Fund aims to generate long-term capital growth through an actively managed portfolio primarily of equity and equity-related securities. The scheme invests in Indian equities, foreign equities, and debt securities.

2. How has the Parag Parikh Flexi Cap Fund performed compared to its benchmark?

Since its inception on May 24, 2013, the Parag Parikh Flexi Cap Fund (Direct Plan) has delivered a CAGR of 20.62%, outperforming its benchmark Nifty 500 (TRI) which returned 15.97% during the same period.

3. Who are the fund managers of Parag Parikh Flexi Cap Fund?

The fund is managed by a team of experienced professionals, including Mr. Rajeev Thakkar (Equity Fund Manager), Mr. Raunak Onkar (Dedicated Fund Manager for Overseas Securities), Mr. Raj Mehta (Debt Fund Manager), Mr. Rukun Tarachandani (Equity Fund Manager), and Ms. Mansi Kariya (Co-Fund Manager – Debt).

4. What is the asset allocation strategy of Parag Parikh Flexi Cap Fund?

The fund follows a flexible asset allocation strategy, investing across market capitalizations and sectors. As of November 29, 2024, the fund’s allocation was: Core Equity (65.83%), Arbitrage and Special Situations (1.02%), Overseas Securities (12.50%), and Debt and Money Market Instruments (20.65%).

5. Does Parag Parikh Flexi Cap Fund invest in international stocks?

Yes, the fund invests in overseas securities. As of November 29, 2024, 12.50% of the fund’s assets were allocated to international stocks, including companies like Meta Platforms, Alphabet, Microsoft, and Amazon.

6. What is the expense ratio of Parag Parikh Flexi Cap Fund?

The factsheet does not provide specific information about the expense ratio. Investors should refer to the fund’s latest documents or contact the fund house for the most up-to-date expense ratio information.

7. How has the Parag Parikh Flexi Cap Fund performed in SIP investments?

The fund has shown strong performance in SIP investments. For example, a monthly SIP of ₹10,000 started at inception (May 24, 2013) would have grown to ₹51,21,076 (Direct Plan) by November 29, 2024, yielding an annualized return of 20.95%.

8. What is the minimum investment amount for Parag Parikh Flexi Cap Fund?

The factsheet does not specify the minimum investment amount. Investors should check the fund’s official website or contact the fund house for this information.

9. How does Parag Parikh Flexi Cap Fund manage risk?

The fund manages risk through diversification across market capitalizations, sectors, and geographies. It also maintains a portion of its portfolio in debt and money market instruments. The fund’s beta of 0.72 suggests lower volatility compared to the market.

10. Can investors switch between Regular and Direct plans of Parag Parikh Flexi Cap Fund?

Yes, investors can switch between Regular and Direct plans of the scheme. The fund’s exit load structure allows for switches between Regular and Direct plans without any exit load for existing and prospective investors.

Reader may also like:

Adani Enterprise (ADEL) Share Price Target

JSW Steel Share Price Target

Mutual Funds

Disclaimer:  No content on this website should be treated as investment advice. All the content offered on the website is for informational purposes only. Please contact your adviser before making an investment.