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

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. 

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.

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:

Asset Allocation of Parag Parikh Flexi Cap Fund- Growth

The Parag Parikh Flexi Cap Fund-Growth has invested in the following sectors:

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.

1. With an existence of over 8 years, the fund has sufficient history for analysis. The track record is 8 years
2. With an AUM or relative size of Rs 10,277 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.

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