Parag Parikh Flexi Cap fund (Growth) is recommended for investment within diversified mutual funds.
Diversified funds provides inflation beating growth over the long term and is suitable for investment objectives with duration of 10-15 years or longer (minimum 5 years).
No single fund can achieve what a plan can. Learn why
Scheme Information
Investment Objective
The investment objective of the scheme is to seek to generate long-term capital growth from an actively managed portfolio primarily of equity and equity related securities.
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
PPFAS Asset Management Pvt. Ltd manages assets worth 13,222 crores and was set up on 8 August 2011. It's current offering of mutual fund schemes includes 5 debt and 2 equity funds.
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Recommended
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Top Ranked
Neutral
Not Recommended
Track Record
We look at consistent and long historical performance for our analysis.
Fund Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Sub-asset Class View
We check if the sub-category of the fund is recommended by us.
Fund Performance
Consistency of performance over various tenures is analysed for a relative performance stack.
Track Record
We look at consistent and long historical performance for our analysis.
Fund Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Impact of Interest Rates
We check the relative interest rate risk of the sub-category of the fund. Lower the better.
Credit Attractiveness
We check the credit quality of the underlying instruments present in the fund. Higher the better.
Equity Funds
Debt Funds
Parag Parikh Flexi Cap Fund-Growth is an open-ended dynamic and diversified equity mutual fund scheme. It invests in large-cap, mid-cap, and small-cap stocks of Indian as well as foreign companies. On average, the fund invests 65% of its assets in stocks of listed Indian companies. Such an investment benefits the scheme w.r.t. Favourable capital gains taxation under Direct Taxes. The fund strongly believes in the principle of compounding and hence provides only the Growth option. The fund is more suitable for an investor who is seeking investment for a minimum period of 5 years. The fund aims to provide long-term capital appreciation. The fund is co-managed by Mr. Rajeev Thakkar, Mr. Raj Mehta, and Mr. Raunak Onkar
Parag Parikh Flexi Cap Fund – Growth Investment Objective
The investment objective of the scheme is to generate long-term capital growth from an actively managed portfolio primarily of equity and equity-related securities. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.
It aims to achieve a diversified portfolio across various industries and/or sectors and/ or market capitalization. It does not limit or restrict its investment in terms of any market capitalization, sector, or geography. The fund managers actively manage the portfolio comprising of equity and equity-related securities along with debt and money market instruments. The fund invests 35% of its corpus in debt and similar instruments.
Parag Parikh Flexi Cap Fund – Growth Scheme Details
On 24th May 2013 Parag Parikh Mutual Fund had launched Parag Parikh Flexi Cap Fund- Growth. In existence for 17 years, the fund continues to provide a consistent long-term appreciation of the capital invested, to its investors in line with its investment objectives.
NAV and Returns – The NAV of the fund as of 29th June 2021 is Rs 42.91. The risk-o-meter of the fund is very high risk. Hence, an investor must understand that their principal amount of investment will be at very high risk. Owing to the nature class of the fund, an investor may expect volatility in the short term. Parag Parikh Flexi Cap Fund-Growth has delivered a return of 19.70% since its inception.
Minimum Investment – The fund requires a minimum SIP investment of Rs 1,000. However, the minimum amount for a lump sum investment is Rs 5,000
Expense Ratio and Exit Load – The fund charges an expense ratio of 2.04% on the units of the mutual funds at the NAV.
Expense Ratio
Redeemed or Switched
2%
Investment redeemed or switched on or before 365 days from the date of allotment of units
1%
Investment redeemed or switched after 365 days but on or before 730 days from the date of allotment of units
NIL
Investment redeemed or switched after 730 days from the date of allotment of units.
Fund Manager – The fund is co-managed by Mr. Rajeev Thakkar, Mr. Raj Mehta, and Mr. Raunak Onkar. Mr. Rajeev Thakkar comes with an experience of 15 years in various capital market segments such as corporate finance, investment banking, and securities broking. He has been managing the fund since 13th May 2003. Mr. Raj Mehta has been managing the fund since 27th January 2016. He possesses a wide range of experience in the field of financial services such as investment banking, management of fixed income portfolio, and Portfolio Management Services (PMS) operations. Mr. Raunak Onkar was the Head of research and analysis at PPFAS. Currently, he is an associate fund manager at PPFAS.
The domestic investment component of the fund’s portfolio is being managed by Rajeev Thakkar. Mr. Raunak Onkar manages the foreign investment component of the fund. Mr. Raj Mehta is responsible for managing the fixed income investment component of the fund’s portfolio..
Other Details – No lock-in period for the scheme. An investor can redeem any number of units at anytime. As of 29th June 2021, the AUM of Parag Parikh Flexi Cap Fund-Growth is Rs 10,277 cr. The fund benchmarks to IISL Nifty 500 TR INR. This fund is meant for investors with a minimum investment horizon of 5 years and more. The fund was formerly known as Parag Parikh Long Term Equity Reg Gr.
1 Year Return
60.70%
3 Years Return
21.60%
5 Years Return
20.01%
Returns Updated as of 29th June 2021
Parag Parikh Flexi Cap Fund- Growth Top Stock Holdings
The Parag Parikh Flexi Cap Fund-Growth has invested its assets majorly in the stocks of the following companies:
Company
Percentage of Holding (As of 29th June 2021)
Bajaj Holdings and Investment Limited
8.10%
ITC Limited
8.10%
Microsoft Corp
7.20%
Facebook Inc
6.20%
Persistent Systems Limited
5.70%
Indian Energy Exchange Limited
5.10%
TREPS Dated- 01st June 2021
5%
Hero Motocorp Limited
5%
HCL Technologies Limited SHS Dematerialised
4.90%
Asset Allocation of Parag Parikh Flexi Cap Fund- Growth
The Parag Parikh Flexi Cap Fund-Growth has invested in the following sectors:
Sector
Percentage of Holding (As of 29th June 2021)
Financial Services
29.40%
Technology
23%
Communication Services
14.80%
Consumer Cyclical
14.20%
Consumer Defensive
8.10%
Healthcare
4.50%
Parag Parikh Flexi Cap Fund – Growth Review
Parag Parikh Flexi Cap Fund-Growth is recommended by Scripbox within the diversified mutual fund category. Diversified mutual funds provide inflation-beating growth over the long term and are suitable for an investment goal of capital appreciation. Diversified mutual funds achieve their goal through a diversified investment of their corpus in various sectors and market capitalization. Moreover, the fund is suitable for an investment duration of 10-15 years or longer to fulfill those investment goals.
With an existence of over 8 years, the fund has sufficient history for analysis. The track record is 8 years
With an AUM or relative size of Rs 10,277 cr, the fund is a leader within its category of diversified mutual funds.
Over a period of time, the funds have been performing well consistently by achieving benchmark beating returns. The returns earned are similar to other funds in the same category of mutual funds.
How Scripbox Algorithmically Selects Mutual Funds?
Scripbox uses time-tested principles, historical data, and valid assumptions about asset classes. We combine them with a rigorous process to finalize which asset classes make the most sense for specific types of objectives, considering the time needed to achieve them.
Once we select an asset class, our algorithm goes to work to select the best financial products.
The algorithm scores financial products on multiple parameters, giving relevant weights to each of the listed parameters, such as:
Track record of the product – how long has it been around?
Assets under management – how big is it – for example, the size of a mutual fund
Liquidity – how easy is it to move in or out of the product?
Consistency of performance – how much have the returns fluctuated?
The risk associated with the product – what risks impact the product?
Quality of underlying assets – we assess how risky the underlying assets are – for example, by considering bond ratings in the case of debt funds
With such a scientific and detailed approach Scripbox ensures:
