Parag Parikh Flexi Cap Direct Growth
Equity
Direct
Flexi Cap
NAV: ₹ 77.7 as on 15-05-2024
About the Fund
Parag Parikh Flexi Cap Fund is a unique diversified equity scheme that invests in a broad range of stocks across various sectors, market capitalizations, and geographies. The fund seeks to generate long-term capital growth from an actively managed portfolio of equity and equity-related securities, foreign equities, debt securities, and related instruments.It's worth noting that Parag Parikh Flexi Cap Fund invests an average of 65% of its corpus in listed Indian equities, allowing it to benefit from favorable capital gains tax treatment of equity. The fund's investment universe is not restricted by any limitations such as market capitalisation or geographies, offering investors a wider choice of investment opportunities.The fund seeks to benefit from its unique investment approach to reduce portfolio volatility and country risk while allowing winners to rotate in and out of the portfolio.
Key Parameters
- Parag Parikh Flexi Cap Direct Growth has ₹63934 Cr worth of assets under management (AUM) as on Apr 2024 and is more than category average.
- The fund has an expense ratio 0.6.
Fund Performance
212204 people have invested ₹ 177.5Cr in Parag Parikh Flexi Cap Direct Growth in the last three months
Overview
 | 0.56% |
 Benchmark | S&P BSE 500 India TR INR |
 | ₹63934 Cr |
 | 24 May, 2013 |
 | ₹1000/₹1000 |
 Exit Load | 2% |
 | No Lock-in |
 TurnOver | 9.11% |
Parag Parikh Flexi Cap Direct Growth Distribution as on (30-Apr-24)
Size breakup
Large cap
69.9%
Small cap
8.1%
Mid cap
7.1%
Sector Allocation
Financial Services
40.5%
Consumer Cyclical
12.2%
Tech
11.2%
Communication
8.7%
Utilities
8.7%
Consumer Defensive
5.9%
Energy
5.8%
Health
4.5%
Basic Materials
2.5%
Industrial
0%
Top Holdings of Parag Parikh Flexi Cap Direct Growth as on (30-Apr-24)
Equity Holdings48
Debt Holdings20
Gainers & Losers Returns for the month of Apr
Top Growth Drivers | 1M Return |
|---|---|
 Motilal Oswal Financial Services Ltd | 14% |
 Power Grid Corporation of India Ltd | 12.8% |
 Axis Bank Ltd | 6.1% |
Monthly Changes Updates
All changes are between Feb'24 and Apr'24
Fund Performance
- This fund’s returns stands at 2.80% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.46% as on Apr'24
- This fund outperformed Nifty 500 by 0.34% in Apr'24
AUM Change
- AUM of the fund stands at 60.6K Cr as of Apr'24
- AUM has remained same between Apr'24 and Mar'24
Fund Portfolio Changes
Mutual Fund Insights
In the last 5 years, Quant Flexi Cap Fund Growth Option Direct Plan has given 33.26% return, outperforming this fund by 8.22% per annum.
Over the last 1 year, this fund has decreased expense ratio by 25.3% moving from 0.75 to 0.56.
In the last 1 year, JM Flexicap Fund (Direct) Growth Option has given 64.51% return, outperforming this fund by 28.39%.
Over the last 6 months, this fund has experienced a 45.2% growth in AUM moving from 44.03K Cr to 63.93K Cr.
This fund has one of the lowest expense ratio in the category (flexi cap). Its expense ratio is 0.56% which is lower than the category average expense ratio of 1.16%.
In the last 3 years, JM Flexicap Fund (Direct) Growth Option has given 31.16% return, outperforming this fund by 8.52% per annum.
INDmoney Rank
Powered by IND quant engine
2
/18
51% Performance
76% Risk Management
83% Cost
2 out of 18 among flexi cap
Pros
Consistently beats benchmark
Lower volatility within category
Lower probablity of downside risk
Cons
No bad points found for this fund.
Peer Analysis
Fund Manager
Raj Mehta
Fund Manager of Parag Parikh Flexi Cap Direct Growth, since 27 January 2016
Top funds managed
Raunak Onkar
Fund Manager of Parag Parikh Flexi Cap Direct Growth, since 24 May 2013
Top funds managed
Rajeev Thakkar
Fund Manager of Parag Parikh Flexi Cap Direct Growth, since 24 May 2013
Top funds managed
Parag Parikh Flexi Cap Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 20.48% since inception which is more than its category average return of 18%
Fund Allocations
This fund has an allocation of 84.38% in Equity, 1.83% in Debt and 13.79% in Cash related instruments
AUM size ₹63934 Cr
This fund has AUM of ₹63934 Cr which is more than its category average of ₹ 7427 Cr
Expense Ratio 0.56%
This fund has an expense ratio of 0.56% which is less than its category average expense ratio of 1.33%
Frequently Asked Questions
The current NAV of Parag Parikh Flexi Cap Direct Growth is ₹77.7 as on 15-May-2024.
Existing (Absolute + CAGR) as on 15-May-2024.
Parag Parikh Flexi Cap Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.74% | 0.74% |
6 Month Returns | 18.19% | 18.19% |
1 Year Returns | 36.12% | 36.12% |
3 Years Returns | 84.47% | 22.64% |
5 Years Returns | 205.69% | 25.04% |
With INDmoney, the process of investing is very simple and involves zero commission.
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- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.56% as on April 2024
₹63934 Cr as on April 2024
HDFC Bank Ltd(8.06%), Power Grid Corp Of India Ltd(6.42%), Bajaj Holdings and Investment Ltd(6.2%), Maruti Suzuki India Ltd(5.54%), ICICI Bank Ltd(5.26%) as on April 2024
Financial Services(34.21%), Consumer Cyclical(10.3%), Tech(9.42%) as on April 2024
The alpha ratio for the Parag Parikh Flexi Cap Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Parag Parikh Flexi Cap Direct Growth | 9.38 | 5.57 | 7.95 |
As on April 2024
The alpha for Parag Parikh Flexi Cap Direct Growth is calculated against S&P BSE 500 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Parag Parikh Flexi Cap Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Parag Parikh Flexi Cap Direct Growth | 0.6 | 0.7 | 0.75 |
As on April 2024
The Beta for Parag Parikh Flexi Cap Direct Growth is calculated with S&P BSE 500 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Parag Parikh Flexi Cap Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Parag Parikh Flexi Cap Direct Growth | 3.5 | 1.4 | 1.13 |
As on April 2024
The sharpe ratio for Parag Parikh Flexi Cap Direct Growth is calculated with S&P BSE 500 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Parag Parikh Flexi Cap Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Parag Parikh Flexi Cap Direct Growth | 7.32 | 11.21 | 15.9 |
As on April 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 2.52 as on April 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.25 as on April 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Raj Mehta, Raunak Onkar, Rajeev Thakkar are the fund managers of Parag Parikh Flexi Cap Direct Growth
The Exit load of Parag Parikh Flexi Cap Direct Growth is 2%