Parag Parikh Flexi Cap Fund Direct Growth

Fund Overview

Fund Size

₹88,005 Cr

Expense Ratio

0.63%

ISIN

INF879O01027

Minimum SIP

₹1,000

Exit Load

2.00%

Inception Date

24 May 2013

About this fund

Parag Parikh Flexi Cap Fund Direct Growth is a Flexi Cap mutual fund schemes offered by PPFAS Mutual Fund. This fund has been in existence for 11 years, 10 months and 4 days, having been launched on 24-May-13.
As of 26-Mar-25, it has a Net Asset Value (NAV) of ₹86.39, Assets Under Management (AUM) of 88004.52 Crores, and an expense ratio of 0.63%.

Parag Parikh Flexi Cap Fund Direct Growth has given a CAGR return of 19.98% since inception.
The fund's asset allocation comprises around 77.24% in equities, 0.61% in debts, and 22.16% in cash & cash equivalents.
You can start investing in Parag Parikh Flexi Cap Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹1000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+15.81%

+6.60% (Cat Avg.)

3 Years

+18.41%

+13.98% (Cat Avg.)

5 Years

+32.14%

+24.12% (Cat Avg.)

10 Years

+18.19%

+12.64% (Cat Avg.)

Since Inception

+19.98%

— (Cat Avg.)

Portfolio Summaryas of 28th February 2025

Equity	₹67,970.89 Cr	77.24%
Debt	₹535.69 Cr	0.61%
Others	₹19,497.95 Cr	22.16%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Clearing Corporation Of India Ltd	Cash - Repurchase Agreement	₹9,924.53 Cr	11.28%
HDFC Bank Ltd	Equity	₹7,416.94 Cr	8.43%
Bajaj Holdings and Investment Ltd	Equity	₹6,156.3 Cr	7.00%
Coal India Ltd	Equity	₹5,268.28 Cr	5.99%
Power Grid Corp Of India Ltd	Equity	₹4,853.92 Cr	5.52%
ICICI Bank Ltd	Equity	₹4,212.75 Cr	4.79%
ITC Ltd	Equity	₹3,997.17 Cr	4.54%
Kotak Mahindra Bank Ltd	Equity	₹3,758.94 Cr	4.27%
Maruti Suzuki India Ltd	Equity	₹3,605.35 Cr	4.10%
Meta Platforms Inc Class A	Equity	₹3,455.64 Cr	3.93%
HCL Technologies Ltd	Equity	₹2,946.44 Cr	3.35%
Alphabet Inc Class A	Equity	₹2,803.91 Cr	3.19%
Axis Bank Ltd	Equity	₹2,768.11 Cr	3.15%
Mahindra & Mahindra Ltd	Equity	₹2,602.85 Cr	2.96%
Microsoft Corp	Equity	₹2,546.18 Cr	2.89%
Amazon.com Inc	Equity	₹2,546.07 Cr	2.89%
Cash Offset For Derivatives	Cash - General Offset	₹1,608.48 Cr	1.83%
Infosys Ltd	Equity	₹1,570.65 Cr	1.78%
Dr Reddy's Laboratories Ltd	Equity	₹1,106.66 Cr	1.26%
Balkrishna Industries Ltd	Equity	₹1,095.72 Cr	1.25%
Cipla Ltd	Equity	₹1,091.59 Cr	1.24%
Zydus Lifesciences Ltd	Equity	₹1,006.3 Cr	1.14%
Future on Reliance Industries Ltd	Equity - Future	₹-782.92 Cr	0.89%
Reliance Industries Ltd	Equity	₹778.5 Cr	0.88%
Motilal Oswal Financial Services Ltd	Equity	₹709.37 Cr	0.81%
Indian Energy Exchange Ltd	Equity	₹689.31 Cr	0.78%
ICICI Bank Ltd.	Cash - CD/Time Deposit	₹569.49 Cr	0.65%
Punjab National Bank	Cash - CD/Time Deposit	₹567.06 Cr	0.64%
Union Bank Of India	Cash - CD/Time Deposit	₹473.37 Cr	0.54%
Bank Of Baroda	Cash - CD/Time Deposit	₹467.81 Cr	0.53%
Net Receivables / (Payables)	Cash	₹-442.91 Cr	0.50%
Multi Commodity Exchange of India Ltd	Equity	₹398.19 Cr	0.45%
Axis Bank Limited	Cash - CD/Time Deposit	₹364.63 Cr	0.41%
National Bank For Agriculture And Rural Development	Cash - CD/Time Deposit	₹351.05 Cr	0.40%
Indian Bank	Cash - CD/Time Deposit	₹330.85 Cr	0.38%
Canara Bank	Cash - CD/Time Deposit	₹288.87 Cr	0.33%
Narayana Hrudayalaya Ltd	Equity	₹288.31 Cr	0.33%
HDFC Bank Limited	Cash - CD/Time Deposit	₹286.65 Cr	0.33%
364 DTB 04122025	Bond - Gov't/Treasury	₹285.77 Cr	0.32%
Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited)	Cash - CD/Time Deposit	₹283.26 Cr	0.32%
Canara Bank	Cash - CD/Time Deposit	₹283.15 Cr	0.32%
National Bank For Agriculture And Rural Development	Cash - CD/Time Deposit	₹280.95 Cr	0.32%
ICICI Bank Limited	Cash - CD/Time Deposit	₹268.45 Cr	0.31%
Ipca Laboratories Ltd	Equity	₹261.17 Cr	0.30%
Central Depository Services (India) Ltd	Equity	₹250.9 Cr	0.29%
Future on Bajaj Finance Ltd	Equity - Future	₹-242.41 Cr	0.28%
Bajaj Finance Ltd	Equity	₹241.09 Cr	0.27%
Bank Of Baroda	Cash - CD/Time Deposit	₹216.22 Cr	0.25%
National Bank For Agriculture And Rural Development	Cash - Commercial Paper	₹195.36 Cr	0.22%
Indian Bank	Cash - CD/Time Deposit	₹193.08 Cr	0.22%
Kotak Mahindra Bank Limited	Cash - CD/Time Deposit	₹193.03 Cr	0.22%
Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited)	Cash - CD/Time Deposit	₹189.1 Cr	0.21%
HDFC Bank Limited	Cash - CD/Time Deposit	₹189.02 Cr	0.21%
Punjab National Bank	Cash - CD/Time Deposit	₹187.77 Cr	0.21%
E I D Parry India Ltd	Equity	₹173.27 Cr	0.20%
HDFC Bank Limited	Cash - CD/Time Deposit	₹170.31 Cr	0.19%
ITC Hotels Ltd	Equity	₹162.16 Cr	0.18%
ICRA Ltd	Equity	₹152.74 Cr	0.17%
Axis Bank Limited	Cash - CD/Time Deposit	₹147.08 Cr	0.17%
Axis Bank Limited	Cash - CD/Time Deposit	₹143.32 Cr	0.16%
National Bank For Agriculture And Rural Development	Cash - CD/Time Deposit	₹122.2 Cr	0.14%
Axis Bank Limited	Cash - CD/Time Deposit	₹119.46 Cr	0.14%
HDFC Bank Limited	Cash - CD/Time Deposit	₹117.81 Cr	0.13%
Future on Tata Consultancy Services Ltd	Equity - Future	₹-108.03 Cr	0.12%
Tata Consultancy Services Ltd	Equity	₹106.92 Cr	0.12%
364 DTB 21112025	Bond - Gov't/Treasury	₹105.01 Cr	0.12%
Bank Of Baroda	Cash - CD/Time Deposit	₹98.69 Cr	0.11%
Indian Bank	Cash - CD/Time Deposit	₹98.32 Cr	0.11%
364 DTB 07082025	Bond - Gov't/Treasury	₹97.22 Cr	0.11%
Kotak Mahindra Bank Limited	Cash - CD/Time Deposit	₹97.08 Cr	0.11%
HDFC Bank Limited	Cash - CD/Time Deposit	₹96.49 Cr	0.11%
Axis Bank Limited	Cash - CD/Time Deposit	₹96.48 Cr	0.11%
HDFC Bank Limited	Cash - CD/Time Deposit	₹95.15 Cr	0.11%
Axis Bank Ltd.	Cash - CD/Time Deposit	₹94.9 Cr	0.11%
Kotak Mahindra Bank Limited (26/11/2025)	Cash - CD/Time Deposit	₹94.7 Cr	0.11%
Canara Bank	Cash - CD/Time Deposit	₹94.53 Cr	0.11%
Union Bank Of India	Cash - CD/Time Deposit	₹94.52 Cr	0.11%
Union Bank Of India	Cash - CD/Time Deposit	₹94.51 Cr	0.11%
Bank Of Baroda	Cash - CD/Time Deposit	₹93.82 Cr	0.11%
Kotak Mahindra Bank Limited	Cash - CD/Time Deposit	₹93.79 Cr	0.11%
Union Bank Of India	Cash - CD/Time Deposit	₹93.73 Cr	0.11%
Maharashtra Scooters Ltd	Equity	₹74.02 Cr	0.08%
Tata Motors Ltd	Equity	₹56.43 Cr	0.06%
Future on Larsen & Toubro Ltd	Equity - Future	₹-48.95 Cr	0.06%
Larsen & Toubro Ltd	Equity	₹48.45 Cr	0.06%
Future on Bharti Airtel Ltd	Equity - Future	₹-48.26 Cr	0.05%
Bharti Airtel Ltd	Equity	₹47.88 Cr	0.05%
364 DTB 27112025	Bond - Gov't/Treasury	₹47.68 Cr	0.05%
Indian Bank	Cash - CD/Time Deposit	₹47.53 Cr	0.05%
Future on Tata Motors Ltd	Equity - Future	₹-38.9 Cr	0.04%
Future on Jio Financial Services Ltd	Equity - Future	₹-38.64 Cr	0.04%
Jio Financial Services Ltd	Equity	₹38.2 Cr	0.04%
Future on Punjab National Bank	Equity - Future	₹-30 Cr	0.03%
Punjab National Bank	Equity	₹29.85 Cr	0.03%
Future on Hindalco Industries Ltd	Equity - Future	₹-25.4 Cr	0.03%
Hindalco Industries Ltd	Equity	₹25.31 Cr	0.03%
Future on State Bank of India	Equity - Future	₹-24.71 Cr	0.03%
State Bank of India	Equity	₹24.44 Cr	0.03%
Future on Oil & Natural Gas Corp Ltd	Equity - Future	₹-24.42 Cr	0.03%
ICICI Bank Limited	Cash - CD/Time Deposit	₹24.26 Cr	0.03%
Oil & Natural Gas Corp Ltd	Equity	₹24.15 Cr	0.03%
Future on Bharat Electronics Ltd	Equity - Future	₹-23.6 Cr	0.03%
Bharat Electronics Ltd	Equity	₹23.44 Cr	0.03%
Future on Hindustan Unilever Ltd	Equity - Future	₹-21.33 Cr	0.02%
Hindustan Unilever Ltd	Equity	₹21.09 Cr	0.02%
Future on IndusInd Bank Ltd	Equity - Future	₹-20.09 Cr	0.02%
IndusInd Bank Ltd	Equity	₹20 Cr	0.02%
Future on Sun Pharmaceuticals Industries Ltd	Equity - Future	₹-19.7 Cr	0.02%
Sun Pharmaceuticals Industries Ltd	Equity	₹19.46 Cr	0.02%
Tata Motors Limited March 2025 Future	Equity - Future	₹-18.09 Cr	0.02%
Future on NTPC Ltd	Equity - Future	₹-12.57 Cr	0.01%
NTPC Ltd	Equity	₹12.52 Cr	0.01%
Swaraj Engines Ltd	Equity	₹12.37 Cr	0.01%
Future on Bandhan Bank Ltd	Equity - Future	₹-11.72 Cr	0.01%
Bandhan Bank Ltd	Equity	₹11.66 Cr	0.01%
Future on GMR Airports Ltd	Equity - Future	₹-11.6 Cr	0.01%
GMR Airports Ltd	Equity	₹11.57 Cr	0.01%
Future on Bajaj Finserv Ltd	Equity - Future	₹-11.49 Cr	0.01%
Bajaj Finserv Ltd	Equity	₹11.42 Cr	0.01%
Future on DLF Ltd	Equity - Future	₹-8.83 Cr	0.01%
DLF Ltd	Equity	₹8.81 Cr	0.01%
Biocon Limited March 2025 Future	Equity - Future	₹-7.81 Cr	0.01%
Biocon Ltd	Equity	₹7.79 Cr	0.01%
Titan Co Ltd	Equity	₹6.35 Cr	0.01%
Titan Company Limited March 2025 Future	Equity - Future	₹-5.36 Cr	0.01%
Future on Hero MotoCorp Ltd	Equity - Future	₹-4.91 Cr	0.01%
Hero MotoCorp Ltd	Equity	₹4.86 Cr	0.01%
Future on Bharat Heavy Electricals Ltd	Equity - Future	₹-4.11 Cr	0.00%
Bharat Heavy Electricals Ltd	Equity	₹4.09 Cr	0.00%
Future on Hindustan Copper Ltd	Equity - Future	₹-2.53 Cr	0.00%
Hindustan Copper Ltd	Equity	₹2.52 Cr	0.00%
Future on Godrej Properties Ltd	Equity - Future	₹-1.71 Cr	0.00%
Godrej Properties Ltd	Equity	₹1.7 Cr	0.00%
Steel Authority Of India Ltd	Equity	₹1.64 Cr	0.00%
Future on Steel Authority Of India Ltd	Equity - Future	₹-1.64 Cr	0.00%
Future on PI Industries Ltd	Equity - Future	₹-1.59 Cr	0.00%
PI Industries Ltd	Equity	₹1.58 Cr	0.00%
Future on Tata Steel Ltd	Equity - Future	₹-1.36 Cr	0.00%
Tata Steel Ltd	Equity	₹1.36 Cr	0.00%
Future on HDFC Life Insurance Co Ltd	Equity - Future	₹-1.21 Cr	0.00%
HDFC Life Insurance Co Ltd	Equity	₹1.2 Cr	0.00%
Titan Company Limited April 2025 Future	Equity - Future	₹-1.04 Cr	0.00%
Indus Towers Limited March 2025 Future	Equity - Future	₹-0.94 Cr	0.00%
Indus Towers Ltd Ordinary Shares	Equity	₹0.93 Cr	0.00%
Future on Jindal Steel & Power Ltd	Equity - Future	₹-0.75 Cr	0.00%
Jindal Steel & Power Ltd	Equity	₹0.75 Cr	0.00%
The Indian Hotels Company Limited April 2025 Future	Equity - Future	₹-0.58 Cr	0.00%
Indian Hotels Co Ltd	Equity	₹0.57 Cr	0.00%
Future on GAIL (India) Ltd	Equity - Future	₹-0.44 Cr	0.00%
GAIL (India) Ltd	Equity	₹0.44 Cr	0.00%
Future on JSW Steel Ltd	Equity - Future	₹-0.26 Cr	0.00%
JSW Steel Ltd	Equity	₹0.26 Cr	0.00%
Future on InterGlobe Aviation Ltd	Equity - Future	₹-0.2 Cr	0.00%
InterGlobe Aviation Ltd	Equity	₹0.2 Cr	0.00%
Future on United Spirits Ltd	Equity - Future	₹-0.18 Cr	0.00%
United Spirits Ltd	Equity	₹0.18 Cr	0.00%
Future on Tata Communications Ltd	Equity - Future	₹-0.1 Cr	0.00%
Tata Communications Ltd	Equity	₹0.1 Cr	0.00%
Future on Havells India Ltd	Equity - Future	₹-0.07 Cr	0.00%
Havells India Ltd	Equity	₹0.07 Cr	0.00%

Allocation By Market Cap (Equity)

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹26,891.41 Cr	30.56%
Consumer Cyclical	₹10,166.74 Cr	11.55%
Technology	₹7,170.19 Cr	8.15%
Communication Services	₹6,308.48 Cr	7.17%
Energy	₹6,070.93 Cr	6.90%
Utilities	₹4,866.88 Cr	5.53%
Consumer Defensive	₹4,018.44 Cr	4.57%
Healthcare	₹3,781.29 Cr	4.30%
Basic Materials	₹206.68 Cr	0.23%
Industrials	₹87.83 Cr	0.10%
Real Estate	₹10.51 Cr	0.01%

Risk & Performance Ratios

Fund Managers

Raj Mehta

Since January 2016

Rajeev Thakkar

Since May 2013

Raunak Onkar

Since May 2013

Rukun Tarachandani

Since May 2022

Mansi Kariya

Since December 2023

Additional Scheme Detailsas of 28th February 2025

ISIN

INF879O01027

Expense Ratio

0.63%

Exit Load

2.00%

Fund Size

₹88,005 Cr

Age

11 years 10 months

Lumpsum Minimum

₹1,000

Fund Status

Open Ended Investment Company

Benchmark

Nifty 500 TR INR

Investment Objective

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.

Tax Treatment

Capital Gains Taxation:

Dividend Taxation:

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Flexi Cap Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Kotak Flexicap Fund Regular Growth Very High Risk	1.5%	1.0%	₹45433.37 Cr	9.4%
Baroda BNP Paribas Flexi Cap Fund Direct Growth Very High Risk	1.0%	1.0%	₹1102.59 Cr	8.4%
Baroda BNP Paribas Flexi Cap Fund Regular Growth Very High Risk	2.2%	1.0%	₹1102.59 Cr	7.1%
JM Flexicap Fund Regular Growth Very High Risk	1.7%	1.0%	₹4899.24 Cr	8.7%
ITI Flexi Cap Fund Direct Growth Very High Risk	0.2%	1.0%	₹1200.60 Cr	8.7%
ITI Flexi Cap Fund Regular Growth Very High Risk	2.0%	1.0%	₹1200.60 Cr	6.8%
Parag Parikh Flexi Cap Fund Regular Growth Very High Risk	1.3%	2.0%	₹88004.52 Cr	15.0%
Parag Parikh Flexi Cap Fund Direct Growth Very High Risk	0.6%	2.0%	₹88004.52 Cr	15.8%
Motilal Oswal Flexicap Fund Direct Growth Very High Risk	0.9%	1.0%	₹11171.69 Cr	20.4%
Motilal Oswal Flexicap Fund Regular Growth Very High Risk	1.7%	1.0%	₹11171.69 Cr	19.4%

About the AMC

PPFAS Mutual Fund

+91 22 61406555

https://amc.ppfas.com/

Total AUM

₹98,085 Cr

Address

Great Western Building, 1st Floor, Mumbai, 400 001

Other Funds by PPFAS Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Parag Parikh Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹1285.51 Cr	7.4%
Parag Parikh Liquid Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹2486.50 Cr	7.0%
Parag Parikh Conservative Hybrid Fund Direct Growth Moderately High risk	0.3%	1.0%	₹2426.01 Cr	10.3%
Parag Parikh Flexi Cap Fund Direct Growth Very High Risk	0.6%	2.0%	₹88004.52 Cr	15.8%
Parag Parikh Tax Saver Fund Direct Growth Very High Risk	0.6%	0.0%	₹4477.32 Cr	17.0%

Risk Level

Your principal amount will be at Very High Risk

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Still got questions?
We're here to help.

What is the current NAV of Parag Parikh Flexi Cap Fund Direct Growth?

The NAV of Parag Parikh Flexi Cap Fund Direct Growth, as of 26-Mar-2025, is ₹86.39.

What are the returns of Parag Parikh Flexi Cap Fund Direct Growth?

The fund has generated 15.81% over the last 1 year and 18.41% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of Parag Parikh Flexi Cap Fund Direct Growth?

The fund's allocation of assets is distributed as 77.24% in equities, 0.61% in bonds, and 22.16% in cash and cash equivalents.

Who manages the Parag Parikh Flexi Cap Fund Direct Growth?

The fund managers responsible for Parag Parikh Flexi Cap Fund Direct Growth are:-

Raj Mehta
Rajeev Thakkar
Raunak Onkar
Rukun Tarachandani
Mansi Kariya

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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Fund Overview

Fund Size

₹88,005 Cr

Expense Ratio

0.63%

ISIN

INF879O01027

Minimum SIP

₹1,000

Exit Load

2.00%

Inception Date

24 May 2013

Risk Level

Your principal amount will be at Very High Risk