Parag Parikh Dynamic Asset Allocation Fund Direct Growth

Parag Parikh Dynamic Asset Allocation Fund Direct Growth is a hybrid fund. This fund was started on 20 February, 2024. The fund is managed by Rajeev Thakkar, Raj Mehta, Raunak Onkar. This fund gives you the benefit of diversification.

1. Parag Parikh Dynamic Asset Allocation Fund Direct Growth has ₹1529 Cr worth of assets under management (AUM) as on Jan 2025 and is less than category average.
2. The fund has an expense ratio 0.3.
   

Parag Parikh Dynamic Asset Allocation Fund Direct Growth has given a CAGR return of 8.61% since inception. Over the last 1 year the fund has given a CAGR return of 8.63%.

Parag Parikh Dynamic Asset Allocation Fund Direct Growth has allocated its funds majorly in Government, Cash Equivalent, Energy, Financial Services, Corporate, Consumer Cyclical, Utilities, Basic Materials, Consumer Defensive, Industrial, Communication, Real Estate, Tech, Health.

As it is a dynamic asset allocation mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Long term gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

The investment objective of the Scheme is to generate income/ long-term capital appreciation by investing in equity, equity derivatives, fixed income instruments. The allocation between equity instruments and fixed income will be managed dynamically so as to provide investors with long term capital appreciation while managing downside risk. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Parag Parikh Dynamic Asset Allocation Fund Direct Growth has no lock in period.