Parag Parikh Flexi Cap fund (Growth)

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.

Investment Objective of Parag Parikh Flexi Cap Fund (Growth)

Parag Parikh Flexi Cap Fund (Growth) aims to provide long term growth and wealth appreciation. To achieve its investment objective, the fund invests in a diversified portfolio across various industries and/or sectors and/ or market capitalisation. It does not limit or restrict its investment in terms of any market capitalisation, sector, or geography. The fund managers actively manage the portfolio comprising 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 9 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 3rd April 2022 is Rs 49.47. 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 19.80% 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 1.81% on the units of the mutual funds at the NAV. 
• 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 3rd April 2022, the AUM of Parag Parikh Flexi Cap Fund (Growth) is Rs 20,129.662 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.

Review of Parag Parikh Flexi Cap Fund (Growth)

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.

Parag Parikh Flexi Cap Fund has 65% exposure in Indian equity and 30% exposure in international equity. The fund holds rank 3 and rank 2 on the basis of average 1 year rolling return – 26.85% and average 3 years rolling return – 24.65%. Returns were calculated based on 1 year and 3 years rolling returns rolled monthly for the last 4 years. Trailing returns have a recency bias and point to point returns are specific to the period in consideration. Rolling returns, on the other hand, measures the fund’s absolute and relative performance across all timescales, without bias. The fund is in top based on the quarterly outperformance count in the category. Out of 16 quarters the fund has outperformed the category average 13 times.

The fund has second highest information ratio in the category. The information ratio is used to evaluate the skill of a portfolio manager at generating returns more than a given benchmark. With the AUM value of 20129.66 Cr., the fund is in top 5 in the category. The top sectors of the fund are financial services, technology and communication services with 37.69%, 14.56% and 14.34%. 67% asset is in top 10 stocks.

1. With an existence of over 9 years, the fund has sufficient history for analysis. The track record is 9 years
2. With an AUM or relative size of Rs 20,129.662 cr, the fund is a leader within its category of diversified mutual funds.
3. 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.

Fund Performance of Parag Parikh Flexi Cap Fund (Growth)

Annualised Returns

Performance Ratio

Asset Allocation

Asset Allocation as per Asset Type

Asset Allocation As per Sector

Frequently Asked Questions

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