Parag Parikh Flexi Cap Fund Direct Growth NAV today
AMFI: 122639ISIN: INF879O01027MUTF_IN: PARA_PARI_FLEX_17J17OLPPFAS Mutual FundFlexi Cap funds
NAV ₹89.9443down ₹0.41 (0.45%)
NAV for 21 Oct 2026, against 19 Oct 2026. Declared once a day.
- Fund sizeAssets under management. The money the fund manages for all its investors, across every plan, at the end of the month.
- ₹1,45,071 CrSep 2026
- Expense ratioTotal expense ratio. What the fund charges each year as a share of the money invested, taken out of the NAV every day, so the returns shown are already after it.
- 0.69%19 Oct 2026
- P/EP/E. What the fund pays for each rupee of yearly profit its companies earn: the total value of its shares divided by those companies' last four quarters of profit, each in proportion to what the fund holds. The profit leaves out one-off items (exceptional items and businesses sold or demerged), so one company's one-off gain cannot make the fund look cheap. A loss-making company lowers the profit. Shown when at least 80% of the fund's shares are counted.
- 16.030 Sep 2026
- Risk levelRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month.
- Very HighAug 2026
- HoldingsHoldings. The number of different securities in the fund's latest monthly portfolio: shares, bonds, money market paper and units of other funds, not cash, overnight lending or futures.
- 10030 Sep 2026
- LaunchedLaunch date. The day the fund first allotted units to investors, at the close of its new fund offer.
- 24 May 2013
Parag Parikh Flexi Cap Fund returns
Direct Growth plan
Over each window to 21 Oct 2026
| Over | ReturnTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). | BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back. | Rank in categoryRank in category. The fund's place among the funds of its category with a return over the same window, highest return first. | Category medianCategory median. The middle return of the funds in the category over the same window: half returned more, half less. | Middle halfMiddle half of the category. The returns of the fund a quarter of the way down the category and the fund a quarter of the way up, over the same window: half the category's funds returned between the two. |
|---|---|---|---|---|---|
| 1 week | +0.65% | −0.90% | – | – | – |
| 1 month | −0.65% | −4.45% | 1 of 47 | −5.21% | −5.8% to −4.6% |
| 3 months | −1.13% | −6.26% | 5 of 45 | −4.66% | −5.6% to −3.3% |
| 6 months | −2.44% | −4.61% | 27 of 45 | −1.95% | −4.5% to +0.7% |
| 1 year | −5.11% | −7.06% | 21 of 43 | −5.16% | −7.7% to −2.3% |
| 3 years | +12.40% | +9.29% | 14 of 37 | +10.47% | +8.7% to +13.7% |
| 5 years | +10.61% | +8.19% | 9 of 27 | +9.13% | +8.1% to +11.1% |
| 10 years | +16.57% | +12.42% | 2 of 19 | +12.62% | +11.6% to +14.2% |
₹10,000 put in on 28 May 2013 is ₹89,952 at the NAV of 21 Oct 2026Growth of ₹10,000. What ₹10,000 put in at the NAV of the first day would be worth at the latest NAV, after the fund's expenses and before tax and any exit load.Over a year and longer, a return is the yearly rate. Benchmark: Nifty 500 TRI, over the same days as the fund. Rank, median and middle half among the Direct plans of Flexi Cap funds, each fund's return to its latest NAV on or before 22 Oct 2026.
At the month end, 30 Sep 2026
| Over | FundTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). | BenchmarkBenchmark return. The change in the benchmark index's total return level over the same dates as the fund's return, as a yearly rate over a year and longer. |
|---|---|---|
| 1 year | −3.54% | −2.03% |
| 3 years | +12.21% | +9.50% |
| 5 years | +11.15% | +9.04% |
| 10 years | +16.91% | +12.76% |
| Since launch | +17.76% | +13.56% |
Benchmark: Nifty 500 TRI. Both as the fund house states them for the month.
Return in each calendar year
- Fund, Direct GrowthCalendar year return. The change in NAV from the last NAV of one year to the last NAV of the next.
- Nifty 500 TRIBenchmark return. The change in the benchmark index's total return level over the same dates as the fund's return, as a yearly rate over a year and longer.
- Loss
Highest year to Dec 2021, +47.0%; lowest year to Dec 2022, −6.3%Above the benchmark in 9 of 12 years
Rolling returns
Per cent a year, every window from 28 May 2013 to 21 Oct 2026
Lowest to highestAverage
LowestLowest rolling return. The worst yearly return of any window of this length in the fund's history, one window starting on each day it priced.AverageAverage rolling return. The average of the yearly returns of every window of this length in the fund's history.HighestHighest rolling return. The best yearly return of any window of this length in the fund's history.Ended higherWindows that ended higher. The share of all the windows of this length in which the NAV ended above where it started.
1 year3,052 windows−21.3%+20.1%+100.1%89.3%
3 years2,563 windows+0.7%+19.0%+37.6%100.0%
5 years2,070 windows+4.1%+19.1%+33.9%100.0%
10 years838 windows+16.4%+18.9%+21.5%100.0%
Every 3, 5 and 10-year window ended higher than it started.
Parag Parikh Flexi Cap Fund SIP returns
₹10,000 on the 1st of every month, valued at the NAV of 21 Oct 2026
| Period | InvestedAmount invested. ₹10,000 on the 1st of every month, or the next day the fund priced, added up over the period. | Value todayValue today. What the units bought by every instalment are worth at the latest NAV. | Invested against value today | SIP returnSIP return (XIRR). The yearly rate that, applied to each monthly instalment from the day it was invested, gives the value of all the units today. | After stamp dutySIP return after stamp duty. The same SIP return with stamp duty of 0.005% taken from every instalment since 1 Jul 2020, so ₹10,000 buys ₹9,999.50 of units. | Stamp dutyStamp duty paid. The stamp duty on all the instalments, in rupees: 0.005% of each purchase made since 1 Jul 2020. |
|---|---|---|---|---|---|---|
| 1 year12 instalments | ₹1,20,000 | ₹1,17,936₹1,17,930 after stamp duty | −3.35% | −3.36% | ₹6 | |
| 3 years36 instalments | ₹3,60,000 | ₹3,81,641₹3,81,622 after stamp duty | +3.90% | +3.90% | ₹18 | |
| 5 years60 instalments | ₹6,00,000 | ₹7,85,799₹7,85,759 after stamp duty | +10.85% | +10.84% | ₹30 | |
| 10 years120 instalments | ₹12,00,000 | ₹28,47,909₹28,47,851 after stamp duty | +16.56% | +16.55% | ₹38 | |
| Since May 2013161 instalments | ₹16,10,000 | ₹54,48,373₹54,48,315 after stamp duty | +16.80% | +16.80% | ₹38 |
Risk ratios
NAV to 21 Oct 2026
Each bar runs from the lowest to the highest figure among the Direct plans of Flexi Cap funds (37 funds) over the same 3 years; the tick is their average and the dot this fund.
How much the NAV moves
Standard deviationStandard deviation. How far the fund's monthly returns spread around their average, stated as a yearly figure: the wider the spread, the more the NAV moves.10.09%
10.09%Lowest15.87%Average19.53%Highest
Downside deviationDownside deviation. Standard deviation counting only the months in which the fund lost money, stated as a yearly figure.5.62%
5.62%Lowest10.23%Average15.50%Highest
Sharpe ratioSharpe ratio. The monthly return above the 91-day Treasury bill yield, divided by its standard deviation and stated for a year: the extra return for each unit of movement in the NAV.0.62
−0.38Lowest0.40Average0.70Highest
Sortino ratioSortino ratio. The monthly return above the 91-day Treasury bill yield, divided by how far it fell below that yield and stated for a year: the extra return for each unit of movement on the way down.0.97
−0.46Lowest0.59Average1.13Highest
Against Nifty 500 TRI
BetaBeta. How much the fund's monthly return moved for each 1% move in its benchmark: 1 moves with it, below 1 moves less.0.59
0.59Lowest0.96Average1.11Highest
AlphaAlpha. The yearly return the fund made beyond what its beta to the benchmark accounts for.+4.12 pts
−13.17 ptsLowest+1.47 ptsAverage of 25 funds+8.30 ptsHighest
R-squaredR-squared. The share of the fund's monthly movement that its benchmark's movement explains, from 0 to 100.85.4
72.6Lowest90.4Average97.9Highest
CorrelationCorrelation. How closely the fund's monthly returns moved in step with its benchmark's, from minus 1 (always opposite) to 1 (always together).0.92
0.85Lowest0.95Average0.99Highest
Upside captureUpside capture. The fund's return in the months its benchmark rose, as a percentage of the benchmark's return in those months.72.8%
72.8%Lowest103.5%Average129.8%Highest
Downside captureDownside capture. The fund's return in the months its benchmark fell, as a percentage of the benchmark's fall in those months.43.7%
43.7%Lowest90.8%Average136.8%Highest
Information ratioInformation ratio. The fund's return above its benchmark, divided by how much that difference varied, as stated by the fund house.To 30 Sep 20260.27
Largest falls
| Largest over | FallLargest fall. The biggest drop in NAV from a high to the low that followed, before the NAV went back above that high. | High on | Low on | Back at the highBack at the high. The first day the NAV closed at or above the high it had fallen from. |
|---|---|---|---|---|
| 1 and 3 years | −10.98% | 27 Oct 2025 | 30 Mar 2026 | Not yet |
| 5 years | −17.75% | 15 Nov 2021 | 17 Jun 2022 | 28 Apr 2023 |
| 10 years and since May 2013 | −31.20% | 13 Feb 2020 | 24 Mar 2020 | 7 Jul 2020 |
Parag Parikh Flexi Cap Fund portfolio
Portfolio disclosed for 30 Sep 2026.
Holdings on 30 Sep 2026
| Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month. | Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | Held since. The first month end of the fund's current run of holding this position; marked "or earlier" where that month is the fund's first portfolio on record or the first after a gap in its portfolios. | ||||
|---|---|---|---|---|---|---|
| HDFC BankBanks | Shares | Large cap2nd | 7.75% | 11,249.14 | 15,87,29,224 | Jul 2023 |
| Power Grid Corporation of IndiaPower | Shares | Large cap32nd | 5.60% | 8,128.19 | 31,20,22,782 | Sep 2021 |
| ITCDiversified FMCG | Shares | Large cap17th | 5.49% | 7,970.27 | 30,33,40,607 | Jan 2021or earlier |
| Coal IndiaConsumable Fuels | Shares | Large cap30th | 5.39% | 7,822.53 | 18,40,59,455 | May 2022 |
| ICICI BankBanks | Shares | Large cap5th | 5.24% | 7,602.06 | 5,75,17,280 | Jan 2021or earlier |
| Bajaj Holdings & InvestmentFinance | Shares | Large cap91st | 4.96% | 7,189.73 | 66,64,560 | Jan 2021or earlier |
| Kotak Mahindra BankBanks | Shares | Large cap16th | 4.44% | 6,447.43 | 15,46,14,519 | Nov 2023 |
| Alphabet Inc AComputer Software: Programming, Data Processing | Foreign shares | 4.29% | 6,230.56 | 18,89,757 | May 2021 | |
| HCL TechnologiesIT - Software | Shares | Large cap19th | 3.96% | 5,739.64 | 4,66,63,705 | Jan 2021or earlier |
| Mahindra & MahindraAutomobiles | Shares | Large cap14th | 3.89% | 5,641.06 | 1,91,22,225 | Mar 2024 |
| InfosysIT - Software | Shares | Large cap9th | 2.93% | 4,248.74 | 4,27,39,573 | Mar 2023 |
| Bharti AirtelTelecom - Services | Shares | Large cap3rd | 2.91% | 4,222.21 | 2,40,30,808 | May 2024 |
| Axis BankBanks | Shares | Large cap15th | 2.85% | 4,128.19 | 3,36,72,018 | Jan 2021or earlier |
| Meta Platforms Registered Shares AComputer Software: Programming, Data Processing | Foreign shares | 2.83% | 4,107.11 | 5,91,056 | Jan 2021or earlier | |
| Tata Consultancy ServicesIT - Software | Shares | Large cap6th | 2.50% | 3,629.73 | 1,77,00,807 | Feb 2025 |
Weight is per cent of the fund's net assets; value in ₹ crore. 8 lines filed with no weight are listed without one.
Futures and options on 30 Sep 2026
| Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | |||
|---|---|---|---|
| Reliance Industries Limited October 2026 Future | −0.29% | −417.25 | −35,01,000 |
| Bajaj Finance Limited October 2026 Future | −0.26% | −373.19 | −38,64,000 |
| Sun Pharmaceutical Industries Limited October 2026 Future | −0.12% | −171.00 | −9,33,450 |
| Canara Bank October 2026 Future | −0.09% | −134.13 | −1,11,30,750 |
| Divi's Laboratories Limited October 2026 Future | −0.09% | −126.88 | −1,35,900 |
| Titan Company Limited October 2026 Future | −0.09% | −123.33 | −2,66,525 |
| State Bank of India October 2026 Future | −0.08% | −119.26 | −12,33,000 |
| UltraTech Cement Limited October 2026 Future | −0.06% | −86.82 | −79,200 |
| Hindalco Industries Limited October 2026 Future | −0.05% | −68.48 | −7,21,000 |
| Hindustan Aeronautics Limited October 2026 Future | −0.05% | −73.81 | −1,56,900 |
| Oil & Natural Gas Corporation Limited October 2026 Future | −0.05% | −66.36 | −29,43,000 |
| Tata Steel Limited October 2026 Future | −0.05% | −68.11 | −36,60,250 |
| Hindustan Unilever Limited October 2026 Future | −0.04% | −59.50 | −3,16,500 |
| Eicher Motors Limited October 2026 Future | −0.03% | −39.30 | −54,600 |
| IndusInd Bank Limited October 2026 Future | −0.03% | −44.38 | −4,92,100 |
Weight is per cent of the fund's net assets; value in ₹ crore. 8 lines filed with no weight are listed without one.
Cash and receivables on 30 Sep 2026
| Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | ||
|---|---|---|
| TRP_011026 | 4.09% | 5,930.20 |
| Net Receivables / (Payables) | −0.23% | −306.29 |
Weight is per cent of the fund's net assets; value in ₹ crore. 8 lines filed with no weight are listed without one.
- Largest holdingLargest holding. The share of the fund in its single largest position, cash and futures not counted as positions.
- 7.75%HDFC Bank
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions.
- 29.47%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions.
- 51.01%
- Top 10 sharesTop 10 shares. The share of the fund held in its ten largest shareholdings, bonds and fund units left out.
- 49.65%
- Effective holdingsEffective number of holdings. The number of equal-sized positions that would be as concentrated as the fund's actual weights.
- 25.8Taken over 96.14% of the fund
Asset allocation
Asset allocation. What the fund owns, by kind of asset, each as a share of its net assets; futures and options are shown beside it, not in it, since they are contracts rather than assets bought.- Indian shares73.50%
- Foreign shares11.90%
- Bonds and bills3.87%
- REIT and InvIT units6.27%
- Units of other funds0.60%
- Cash and receivables3.86%
- Futures and options, netFutures and options, net. The value of the shares or bonds the fund's contracts are written on, as a share of its net assets, a sold contract counted as a minus: a hedged fund's sold futures offset the shares it holds.−1.45%
- Futures and options, grossFutures and options, gross. The value the fund's contracts are written on, as a share of its net assets, counting each contract as a plus whichever way it faces.1.45%
Per cent of the fund's net assets.
Large, mid and small cap
Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month.- Large cap89.36%Category 53.86%
- Mid cap4.97%Category 20.36%
- Small cap5.67%Category 24.06%
Per cent of the fund's Indian shares. By the list for the six months to Jun 2026. Category is the average of 47 Flexi Cap funds.
Sector allocation
Sector weight. The fund's shares grouped by the business each company is in, less the futures sold on them, each group as a share of the fund's net assets.11sectors
- Financial Services26.24%Category 27.83%
- Foreign shares11.90%Category 0.32%
- Information Technology9.39%Category 4.76%
- Oil Gas & Consumable Fuels7.50%Category 3.17%
- Fast Moving Consumer Goods6.79%Category 4.15%
- Automobile And Auto Components6.46%Category 8.98%
- Power5.60%Category 2.10%
- Healthcare4.35%Category 9.56%
- Telecommunication3.09%Category 2.94%
- Realty2.45%Category 0.93%
- Services0.18%Category 2.68%
- Capital Goods0.01%Category 8.85%
Per cent of the fund's net assets, less the futures sold on its shares, Sep 2026. Foreign shares are one part, not split by sector. Category is the average of 47 Flexi Cap funds. Category average. The sector's weight, less the futures sold on it, averaged over the 47 Flexi Cap funds that disclosed a portfolio for Sep 2026. A fund holding none of the sector counts as 0.
Sector allocation month by month
| 13 months | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financial Services15 companies | 26.24% | 26.91% | 25.95% | 27.00% | 25.75% | 25.39% | 25.19% | 26.06% | 26.35% | 26.76% | 26.85% | 27.17% | |
| Foreign sharesComputer Software: Programming, Data Processing ##, Computer Software: Prepackaged Software ##, Catalog/Specialty Distribution ## | 11.90% | 11.05% | 11.07% | 10.66% | 12.07% | 11.82% | 10.59% | 10.51% | 11.73% | 11.16% | 11.51% | 11.50% | |
| Information Technology3 companies | 9.39% | 10.32% | 10.30% | 8.93% | 9.20% | 9.25% | 7.99% | 6.91% | 6.97% | 5.71% | 5.28% | 3.32% | |
| Oil Gas & Consumable Fuels6 companies | 7.50% | 6.91% | 6.43% | 6.77% | 6.73% | 6.43% | 6.12% | 5.18% | 5.26% | 4.85% | 4.70% | 5.00% | |
| Fast Moving Consumer Goods5 companies | 6.79% | 6.63% | 7.14% | 7.46% | 7.07% | 6.72% | 6.17% | 6.15% | 6.29% | 5.72% | 5.70% | 5.94% | |
| Automobile And Auto Components5 companies | 6.46% | 6.81% | 6.61% | 6.41% | 6.28% | 6.41% | 6.65% | 7.25% | 7.34% | 7.80% | 7.72% | 7.68% | |
| Power1 company | 5.60% | 5.58% | 5.98% | 6.23% | 6.41% | 6.99% | 7.16% | 6.92% | 6.00% | 6.06% | 5.91% | 6.01% | |
| Healthcare6 companies | 4.35% | 4.28% | 4.26% | 4.50% | 4.45% | 4.13% | 4.12% | 4.17% | 4.03% | 4.01% | 4.10% | 3.93% | |
| Telecommunication2 companies | 3.09% | 2.82% | 3.05% | 2.96% | 2.77% | 2.86% | 2.95% | 2.97% | 3.13% | 3.36% | 3.45% | 3.46% | |
| Realty1 company | 2.45% | 0.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Services2 companies | 0.18% | 0.28% | 0.38% | 0.43% | 0.39% | 0.40% | 0.39% | 0.35% | 0.22% | 0.15% | 0.02% | 0.02% | |
| Capital Goods4 companies | 0.01% | 0.00% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.00% | 0.01% |
Per cent of the fund's net assets, less the futures sold on its shares, at each month end, Oct 2025 to Sep 2026; the line runs from Sep 2025.
Bought and sold
Sep 2026 against Aug 2026, position by position.
Positions changed, month by month
- New
- Added
- Trimmed
- Sold out
- New positionsNew positions. Holdings in this month's portfolio that were not in the month before.
- 281.88% of the fund
- Sold outSold out. Holdings in last month's portfolio that are gone from this one, other than a bond or deposit repaid on its due date.
- 422.18% of the fund before
- MaturedMatured. Bonds and deposits whose repayment date fell between the two portfolios, so they were repaid rather than sold. One sold in its last days reads the same.
- 16
- Added toAdded to. Holdings with more units than the month before. Where the fund states no units, a weight that rose by more than a tenth.
- 15
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth.
- 17
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price.
- 63
- Traded at leastTraded at least. The smaller of the weight bought in new positions and the weight sold out of old ones, cash left out: the least the fund must have bought and sold in the month.
- 1.88%
- Weight that movedWeight that moved. Half the sum of every position's change in weight between the two month ends, new and sold positions included; price moves alone raise it.
- 7.11%
Changes in Sep 2026
| What changed. New: not held the month before. Added or trimmed: more or fewer units than the month before, or, where no units are stated, a weight that moved by more than a tenth. Sold out: held the month before, gone now. Matured: a bond or deposit whose repayment date fell between the two portfolios, so it was repaid rather than sold (one sold in its last days reads the same). | Change in weight. The holding's weight this month less its weight the month before, in percentage points; a price move alone changes it. | ||||
|---|---|---|---|---|---|
| DLF | Added | 2.45% | 0.64% | +1.81 pts | +3,90,63,519 |
| Bharat Petroleum Corporation Limited (24/09/2026) | Matured | – | 0.34% | −0.34 pts | – |
| National Bank For Agriculture and Rural Development (18/09/2026) | Matured | – | 0.27% | −0.27 pts | – |
| HDFC Bank Limited (10/09/2026) | Matured | – | 0.25% | −0.25 pts | – |
| Kotak Mahindra Bank Limited (24/09/2026) | Matured | – | 0.24% | −0.24 pts | – |
| Parag Parikh Liquid Fund | Added | 0.60% | 0.38% | +0.22 pts | +19,05,194 |
| Small Industries Dev Bank of India (24/09/2026) | Matured | – | 0.20% | −0.20 pts | – |
| Bajaj Holdings & Investment | Added | 4.96% | 5.14% | −0.18 pts | +1,62,404 |
| Axis Bank Limited (01/09/2026) | Matured | – | 0.17% | −0.17 pts | – |
| Export Import Bank of India (10/12/2026) | New | 0.17% | 0.00% | +0.17 pts | +5,000 |
| Punjab National Bank (01/10/2026) | New | 0.17% | 0.00% | +0.17 pts | +5,000 |
| Indus Towers | Added | 0.18% | 0.02% | +0.16 pts | +62,79,680 |
| Hindustan Petroleum Corporation Limited (15/09/2026) | Matured | – | 0.14% | −0.14 pts | – |
| REC Limited (21/09/2026) | Matured | – | 0.14% | −0.14 pts | – |
| Bank of Baroda (15/12/2026) | Sold out | – | 0.13% | −0.13 pts | −4,000 |
Weights are per cent of the fund's net assets; a change in weight is in percentage points. Securities only: 60 futures, options and cash lines that changed are not listed.
Portfolio overlap
Funds holding the most of the same securities, by weight.
Closest funds in the category
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. | Shared holdings. The number of securities both funds hold, cash and futures left out. | |
|---|---|---|
| Bandhan Flexi Cap FundBandhan Mutual Fund | 39.18% | 22 |
| Taurus Flexi Cap FundTaurus Mutual Fund | 36.28% | 15 |
| Shriram Flexi Cap FundShriram Mutual Fund | 31.93% | 22 |
| HDFC Flexi Cap FundHDFC Mutual Fund | 30.33% | 21 |
| Sundaram Flexicap FundSundaram Mutual Fund | 30.25% | 17 |
| Franklin India Flexi Cap FundFranklin Templeton Mutual Fund | 29.05% | 18 |
| DSP Flexi Cap FundDSP Mutual Fund | 28.83% | 15 |
| Tata Flexi Cap FundTata Mutual Fund | 27.78% | 17 |
| Canara Robeco Flexi Cap FundCanara Robeco Mutual Fund | 26.68% | 22 |
| Quantum Flexi Cap FundQuantum Mutual Fund | 26.46% | 12 |
Portfolios for Sep 2026. Overlap is per cent of the portfolio the two funds hold in common.
Overlap with the fund house's other funds
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. | |
|---|---|
| Parag Parikh ELSS Tax Saver FundPPFAS Mutual Fund | 71.05% |
| Parag Parikh Large Cap FundPPFAS Mutual Fund | 36.70% |
As the fund house states it, for Sep 2026.
Parag Parikh Flexi Cap Fund expense ratio and exit load
Per cent of the money invested, a year. Each month shows its last day filed; the parts were redefined from Apr 2026.
- Regular over directDirect and regular plan cost gap. The regular plan's expense ratio less the direct plan's: what buying through a distributor costs each year, since both plans own the same portfolio.
- 0.61 ptsA year, on 19 Oct 2026
- Direct, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies.
- 0.69%Over the last 30 days filed
- Regular, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies.
- 1.30%Over the last 30 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan highest 1.43%, Oct 2018.Direct plan lowest 0.56%, Feb 2024.
What the expense ratio is made of
| Part | Direct | Regular |
|---|---|---|
| Base expense ratioBase expense ratio. The part of the expense ratio that pays the fund house and the distributor, before brokerage, transaction costs, levies and GST. | 0.53% | 1.05% |
| Brokerage | 0.01% | 0.01% |
| Transaction costs | None | None |
| Statutory levies | 0.15% | 0.24% |
Per cent of assets a year, filed for 19 Oct 2026. The parts add up to that day's total.
Exit load, in the fund house's words
In respect of each purchase / switch-in of Units, 10% of the units (the limit) may be redeemed without any exit load from the date of allotment.Any redemption or switch-out in excess of the limit shall be subject to the following exit load:2.00% if the investment is redeemed on or before 365 days from the date of allotment of units. 1.00% if the investment is redeemed after 365 days but on or before 730 days from the date of allotment of units. No Exit Load will be charged if investment is redeemed after 730 days from the date of allotment of units. No exit load will be charged, in case of switch transactions between Regular Plan and Direct Plan of the Scheme for existing as well as prospective investors.MoreLess
Buying and selling
- Lump-sum purchases
- Accepted
- Minimum investmentMinimum investment. The smallest amount the plan accepts for a first purchase.
- ₹1,000
- Minimum top-up
- ₹1,000
- Minimum redemption
- ₹1,000
- SIP
- Accepted
- SIP minimum
- Monthly: 1000 /Quarterly : 3000
- SIP instalments, at least
- Monthly - 6; Quarterly - 4
- STP, transfers to another fund
- Not accepted
- SWP, regular withdrawals
- Accepted
- Switches
- Accepted
- Lock-inLock-in. The time after each purchase during which those units cannot be sold.
- None
- SIP dates
- Any date within Month or Quarter (up to a maximum of 6 dates per application)
As listed for this plan on 23 Oct 2026.
Parag Parikh Flexi Cap Fund AUM
₹ crore, every plan of the fund together.
- Average assetsAverage assets under management. The money the fund managed, averaged over every day of the quarter, added up across its plans.
- ₹1,47,064 CrQuarter to Sep 2026
- In the direct plansShare of assets in the direct plans. The direct plans' average assets for the quarter as a percentage of the fund's total; the rest is in the regular plans, bought through distributors.
- 67.0%Of the quarter's average
Average assets by quarter, by plan
- Regular plans
- Direct plans
The latest quarter is the largest since the quarter to Jun 2013.
Assets at each month end
Highest ₹1,48,429 Cr, Jul 2026.Lowest ₹1,619 Cr, Feb 2019.
Parag Parikh Flexi Cap Fund managers
Managers now
| Manager | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | Portfolio changed after the handover. How much of the portfolio was different three months after the manager took over: half the sum of every holding's change in weight, with each side's holdings scaled to add up to 100 so a move into cash does not count. | Portfolio changed before the handover. The same measure over the three months before the manager took over, since portfolios change anyway. | Assets the manager runs. The latest monthly size of every fund the manager runs now, added up; a fund run with others counts in full for each of its managers, and the line under it counts only the funds they run alone. | ||
|---|---|---|---|---|---|---|---|---|
| Rajeev Thakkarfor Equity | May 2013 | +17.91%a year | +13.43% | +4.48 pts | – | – | 6 | ₹1,60,074 Cr |
| Rukun Tarachandani | May 2022 | +15.73%a year | +12.99% | +2.74 pts | 9.1% | 11.2% | 6 | ₹1,60,074 Cr |
| Raj Mehtafor Equity | Jan 2016this role since Sep 2025 | +17.28%a year | +13.85% | +3.43 pts | – | – | 6 | ₹1,60,074 Cr |
| Raunak Onkarfor Overseas Equity | May 2013 | +17.91%a year | +13.43% | +4.48 pts | – | – | 6 | ₹1,60,074 Cr |
| Tejas Somanfor Debt | Sep 2025 | −0.62%a year | −0.90% | +0.28 pts | 10.7% | 8.0% | 7 | ₹1,65,302 Cr |
| Mansi Kariyafor Debt | Dec 2023 | +9.92%a year | +6.72% | +3.21 pts | 10.2% | 6.4% | 4 | ₹1,56,285 Cr |
| Aishwarya Dharfor Debt | Sep 2025 | −0.62%a year | −0.90% | +0.28 pts | 10.7% | 8.0% | 5 | ₹1,59,316 Cr |
Returns are the direct plan's growth NAV, from the day each took over to the latest NAV, beside the benchmark over the same days.
Other funds they run
| Fund | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | ||
|---|---|---|---|---|---|
| Parag Parikh ELSS Tax Saver FundRajeev Thakkar | Jul 2019 | +17.11%a year | +14.18% | +2.94 pts | ₹5,401 Cr |
| Parag Parikh Conservative Hybrid FundRajeev Thakkar | May 2021 | +9.04%a year | – | – | ₹3,454 Cr |
| Parag Parikh Arbitrage FundRajeev Thakkar | Nov 2023 | +6.96%a year | – | – | ₹2,750 Cr |
| Parag Parikh Dynamic Asset Allocation FundRajeev Thakkar | Feb 2024 | +6.30%a year | – | – | ₹2,533 Cr |
| Parag Parikh Large Cap FundRajeev Thakkar | Feb 2026 | −7.35%over 252 days | −7.44% | +0.09 pts | ₹866 Cr |
| Parag Parikh ELSS Tax Saver FundRukun Tarachandani | May 2022 | +13.20%a year | +12.99% | +0.20 pts | ₹5,401 Cr |
| Parag Parikh Conservative Hybrid FundRukun Tarachandani | May 2022 | +9.61%a year | – | – | ₹3,454 Cr |
| Parag Parikh Arbitrage FundRukun Tarachandani | Nov 2023 | +6.96%a year | – | – | ₹2,750 Cr |
| Parag Parikh Dynamic Asset Allocation FundRukun Tarachandani | Feb 2024 | +6.30%a year | – | – | ₹2,533 Cr |
| Parag Parikh Large Cap FundRukun Tarachandani | Feb 2026 | −7.35%over 252 days | −7.44% | +0.09 pts | ₹866 Cr |
Up to ten funds a manager, largest first. Returns are the direct plan's.
Changes to the fund
Newest first.
2026
- 1 AprExpenseExpense ratio stated under the new rules: a base ratio, with brokerage, levies and GST on top
Risk level by month
| Months | FundRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month. | BenchmarkBenchmark's risk level. The riskometer level of the fund's benchmark index for the same month, on the same six-step scale as the fund's own. |
|---|---|---|
| Oct 2021 to Aug 202659 months | Very High | Very HighNifty 500 TRI |
The riskometer at each month end, the fund's and its benchmark's. A month with none on record is left out.
Fund details
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. Scheme shall invest in Indian equities, foreign equities and related instruments and debt securities.
Asset allocation
Equity and equity related instruments : 65%-100% Money Market Instruments and Other liquid instruments, Gold and Silver ETFs and Units issued by InvITs : 0%-35% ,Foreign Equity and equity related instruments including Overseas Mutual Funds/ Overseas ETFs : 0%-35% “For detailed asset allocation, please refer to the Scheme Information Document (SID) available on the website.”
Type of scheme
An open-ended dynamic equity scheme investing across large cap, mid cap, small cap stocks.
- BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back.
- NIFTY500(TRI)
- Risk level at launchRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month.
- Very High
- New fund offer
- 13 May 2013 to 21 May 2013
- Units first allotted
- 24 May 2013
- Open for sale again
- 28 May 2013
- Price at the offer
- ₹10 a unit
- Minimum at the offer
- ₹1,000
Plans and codes
| Plan | AMFI code | ISIN | ISIN, reinvestment | MUTF_IN | First NAV |
|---|---|---|---|---|---|
| Direct Growth | 122639 | INF879O01027 | PARA_PARI_FLEX_17J17OL | 28 May 2013 | |
| Regular Growth | 122640 | INF879O01019 | PARA_PARI_FLEX_F4GBLK | 28 May 2013 | |
| Direct IDCW | 153964 | INF879O01308 | 31 Oct 2025 | ||
| Regular IDCW | 153965 | INF879O01324 | PARA_PARI_FLEX_4RIUJD | 31 Oct 2025 |
This fund
- Scheme information document (opens in a new tab)The fund's objective, terms, costs and risks in full
Factsheet
- Download Factsheet (opens in a new tab)PPFAS Mutual Fund, Sep 2026
Statement of additional information
- SAI PPFAS Mutual Fund (opens in a new tab)PPFAS Mutual Fund, Oct 2026
Annual report
- Annual Report (opens in a new tab)PPFAS Mutual Fund, Mar 2026
- Abridged Annual Report (opens in a new tab)PPFAS Mutual Fund, Mar 2026
Riskometer disclosure
- Product label of the schemes September 2026 (opens in a new tab)PPFAS Mutual Fund, Sep 2026
Portfolio overlap disclosure
- Portfolio Overlap 30 Sept 2026 (opens in a new tab)PPFAS Mutual Fund, Sep 2026