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Fund Overview
Fund Size
₹2,494 Cr
Expense Ratio
0.16%
ISIN
INF879O01068
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
11 May 2018
About this fund
Parag Parikh Liquid Fund Direct Growth is a Liquid mutual fund schemes offered by PPFAS Mutual Fund. This fund has been in existence for 6 years, 6 months and 10 days, having been launched on 11-May-18.
As of 20-Nov-24, it has a Net Asset Value (NAV) of ₹1401.31, Assets Under Management (AUM) of 2493.52 Crores, and an expense ratio of 0.16%.
As of 20-Nov-24, it has a Net Asset Value (NAV) of ₹1401.31, Assets Under Management (AUM) of 2493.52 Crores, and an expense ratio of 0.16%.
- Parag Parikh Liquid Fund Direct Growth has given a CAGR return of 5.30% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 0.00% in debts, and 99.77% in cash & cash equivalents.
- You can start investing in Parag Parikh Liquid Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.
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
+7.06%
+5.80% (Cat Avg.)
3 Years
+6.00%
+5.37% (Cat Avg.)
5 Years
+5.01%
+4.39% (Cat Avg.)
Since Inception
+5.30%
— (Cat Avg.)
Portfolio Summaryas of 15th November 2024
| Others | ₹2,493.52 Cr | 100.00% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Clearing Corporation Of India Ltd | Cash - Repurchase Agreement | ₹156.7 Cr | 6.28% |
| 91 DTB 03012025 | Bond - Gov't/Treasury | ₹148.74 Cr | 5.97% |
| 91 DTB 13022025 | Bond - Gov't/Treasury | ₹123.07 Cr | 4.94% |
| State Bank Of India (06/02/2025) | Cash | ₹123.04 Cr | 4.93% |
| Bank Of Baroda (07/02/2025) | Cash | ₹123 Cr | 4.93% |
| Kotak Mahindra Bank Limited (03/01/2025) | Cash | ₹99.07 Cr | 3.97% |
| Punjab National Bank (07/01/2025) | Cash | ₹98.99 Cr | 3.97% |
| Axis Bank Limited (14/01/2025) | Cash | ₹98.86 Cr | 3.96% |
| Union Bank Of India (17/01/2025) | Cash | ₹98.8 Cr | 3.96% |
| National Bank For Agriculture And Rural Development (17/01/2025) | Cash | ₹98.8 Cr | 3.96% |
| 91 DTB 21112024 | Bond - Gov't/Treasury | ₹74.93 Cr | 3.01% |
| 91 DTB 28112024 | Bond - Gov't/Treasury | ₹74.84 Cr | 3.00% |
| 182 DTB 23012025 | Bond - Gov't/Treasury | ₹74.12 Cr | 2.97% |
| Icici Bank Limited (31/01/2025) | Cash | ₹73.91 Cr | 2.96% |
| Canara Bank (25/11/2024) | Cash | ₹49.92 Cr | 2.00% |
| 91 DTB 05122024 | Bond - Gov't/Treasury | ₹49.84 Cr | 2.00% |
| ICICI Bank Ltd. | Bond - Corporate Bond | ₹49.82 Cr | 2.00% |
| 191 DTB 12/12/2024 | Bond - Gov't/Treasury | ₹49.78 Cr | 2.00% |
| India (Republic of) | Bond - Short-term Government Bills | ₹49.71 Cr | 1.99% |
| 364 DTB 09012025 | Bond - Gov't/Treasury | ₹49.53 Cr | 1.99% |
| 91 DTB 09012025 | Bond - Gov't/Treasury | ₹49.53 Cr | 1.99% |
| Hdfc Bank Limited (09/01/2025) | Cash | ₹49.48 Cr | 1.98% |
| 364 DTB | Bond - Gov't/Treasury | ₹49.47 Cr | 1.98% |
| 91 DTB 23012025 | Bond - Gov't/Treasury | ₹49.41 Cr | 1.98% |
| Canara Bank (16/01/2025) | Cash | ₹49.41 Cr | 1.98% |
| 182 DTB 30012025 | Bond - Gov't/Treasury | ₹49.35 Cr | 1.98% |
| 191 DTB 30012025 | Bond - Gov't/Treasury | ₹49.35 Cr | 1.98% |
| 182 DTB 06022025 | Bond - Gov't/Treasury | ₹49.29 Cr | 1.98% |
| Hdfc Bank Limited (03/02/2025) | Cash | ₹49.24 Cr | 1.97% |
| Indian Bank (14/02/2025) | Cash | ₹49.13 Cr | 1.97% |
| Net Receivables / (Payables) | Cash - Collateral | ₹-43.98 Cr | 1.76% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹25 Cr | 1.00% |
| Axis Bank Ltd. | Bond - Corporate Bond | ₹24.94 Cr | 1.00% |
| 364 DTB 05122024 | Bond - Gov't/Treasury | ₹24.92 Cr | 1.00% |
| Hdfc Bank Limited (06/12/2024) | Cash | ₹24.91 Cr | 1.00% |
| Canara Bank (16/12/2024) | Cash | ₹24.86 Cr | 1.00% |
| 182 Day T-Bill 19.12.24 | Bond - Gov't/Treasury | ₹24.86 Cr | 1.00% |
| Kotak Mahindra Bank Limited (15/01/2025) | Cash | ₹24.71 Cr | 0.99% |
| National Bank For Agriculture And Rural Development (23/01/2025) | Cash | ₹24.67 Cr | 0.99% |
| Union Bank Of India (24/01/2025) | Cash | ₹24.67 Cr | 0.99% |
| 364 Days T - Bill- 06/02/2025 | Bond - Gov't/Treasury | ₹24.64 Cr | 0.99% |
| Punjab National Bank (06/02/2025) | Cash | ₹24.6 Cr | 0.99% |
| Corporate Debt Market Development Fund - Class A2 Units | Mutual Fund - Open End | ₹5.61 Cr | 0.23% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash | ₹1,210.06 Cr | 48.53% |
| Bond - Gov't/Treasury | ₹1,015.65 Cr | 40.73% |
| Cash - Repurchase Agreement | ₹156.7 Cr | 6.28% |
| Bond - Corporate Bond | ₹99.76 Cr | 4.00% |
| Bond - Short-term Government Bills | ₹49.71 Cr | 1.99% |
| Cash - Collateral | ₹-43.98 Cr | 1.76% |
| Mutual Fund - Open End | ₹5.61 Cr | 0.23% |
Risk & Performance Ratios
Standard Deviation
This fund
0.39%
Cat. avg.
0.61%
Lower the better
Sharpe Ratio
This fund
-1.98
Cat. avg.
-1.36
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
-0.11
Higher the better
Fund Managers
RM
Raj Mehta
Since May 2018
MK
Mansi Kariya
Since December 2023
Additional Scheme Detailsas of 15th November 2024
ISIN INF879O01068 | Expense Ratio 0.16% | Exit Load No Charges | Fund Size ₹2,494 Cr | Age 6 years 6 months | Lumpsum Minimum ₹5,000 | Fund Status Open Ended Investment Company | Benchmark CRISIL Liquid Debt A-I 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 Liquid Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Canara Robeco Liquid Fund Regular Growth Low to Moderate Risk | 0.2% | 0.0% | ₹3795.59 Cr | 7.4% |
| Navi Liquid Fund Regular Growth Low to Moderate Risk | 0.2% | 0.0% | ₹66.48 Cr | 6.9% |
| Motilal Oswal Liquid Fund Regular Growth Low to Moderate Risk | 0.4% | 0.0% | ₹788.53 Cr | 6.9% |
| Motilal Oswal Liquid Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹788.53 Cr | 7.1% |
| Kotak Nifty 1D Rate Liquid ETF Low Risk | 0.2% | - | ₹622.00 Cr | 5.8% |
| Invesco India Liquid Fund Regular Growth Low to Moderate Risk | 0.2% | 0.0% | ₹14805.38 Cr | 7.4% |
| TrustMF Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹307.19 Cr | 7.4% |
| 360 ONE Liquid Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹860.86 Cr | 7.3% |
| 360 ONE Liquid Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹860.86 Cr | 7.2% |
| TrustMF Liquid Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹307.19 Cr | 7.2% |
About the AMC
PPFAS Mutual Fund
Total AUM
₹92,592 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% | ₹1093.46 Cr | 7.9% |
| Parag Parikh Liquid Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹2493.52 Cr | 7.1% |
| Parag Parikh Conservative Hybrid Fund Direct Growth Moderately High risk | 0.3% | 1.0% | ₹2296.30 Cr | 15.1% |
| Parag Parikh Flexi Cap Fund Direct Growth Very High Risk | 0.6% | 2.0% | ₹81918.72 Cr | 29.6% |
| Parag Parikh Tax Saver Fund Direct Growth Very High Risk | 0.6% | 0.0% | ₹4273.94 Cr | 27.7% |
Risk Level
Your principal amount will be at Low to Moderate Risk
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What is the current NAV of Parag Parikh Liquid Fund Direct Growth?
The NAV of Parag Parikh Liquid Fund Direct Growth, as of 20-Nov-2024, is ₹1401.31.
What are the returns of Parag Parikh Liquid Fund Direct Growth?
The fund has generated 7.06% over the last 1 year and 6.00% 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 Liquid Fund Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 0.00% in bonds, and 99.77% in cash and cash equivalents.
Who manages the Parag Parikh Liquid Fund Direct Growth?
The fund managers responsible for Parag Parikh Liquid Fund Direct Growth are:-
- Raj Mehta
- 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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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.