Parag Parikh Mutual Fund or PPFAS Asset Management Company has been incorporated in the year 1992 by its promoter company Parag Parikh Financial Advisory Services Pvt Ltd. With the expertise in portfolio management services, Parag Parikh Mutual Fund offers a wide range of schemes in each category carefully designed to meet the investment objective of the fund. When it comes to long-term capital appreciation, Parag Parikh Mutual Fund offers many equity mutual fund schemes that can help you build a significant corpus. Parag Parikh Flexi Cap Fund can be the best choice for you to grow your investment corpus by investing in a diversified portfolio of equities. Let’s know more about Parag Parikh Flexi Cap Fund Direct Growth
Parag Parikh Flexi Cap Fund Direct Growth:
Parag Parikh Flexi Cap Fund Direct Growth is an open-ended dynamic equity mutual fund scheme that invests in equities of various sectors across market capitalization. The fund aims to deliver a higher return and capital appreciation over the long term. The fund invests in large-cap, mid-cap, and small-cap companies of various sectors. Large caps bring in stability and growth over the long run. Mid-cap and small-cap stocks in the portfolio increase the return potential of the fund. Investing across capitalization diversifies the investment, reduces the overall risk, and increases the return potential.
The asset under management of this fund is INR 22,647.04 Cr as of 31st May 2022 and the net asset value (NAV) of the fund is INR 46.05 as of 16th June 2022.
Past performance of Parag Parikh Flexi Cap Fund Direct Growth
The fund was launched in 2013 and has delivered consistent performance since its inception. Let’s take a look at the past performance of the fund:
| Scheme Name | Return | Expense Ratio | |||
| 1 year | 3 years | 5 years | Since Inception | ||
| Parag Parikh Flexi Cap Fund Direct Growth | -17.85% | 19.41% | 18.01% | 18.36% | 0.79% |
Portfolio of Parag Parikh Flexi Cap Fund Direct Growth
This equity fund invests the majority of its corpus into consumer staples, financial, services, technology, and automobile sectors. Let’s take a look at the top holdings of the funds.
Top holdings of Portfolio of Parag Parikh Flexi Cap Fund Direct Growth as of 31st May 2022
| Company | Sector | % Assets |
| ITC | Consumer Staples | 8.96 |
| Bajaj Holdings & Inv | Financial | 7.98 |
| Alphabet Inc Class A | Services | 6.93 |
| Microsoft Corporation (US) | Technology | 6.68 |
| HDFC | Financial | 6.08 |
| ICICI Bank | Financial | 6.04 |
| Hero Motocorp | Automobile | 5.13 |
| HCL Technologies | Technology | 5.11 |
| Amazon. com Inc. (USA) | Services | 5.06 |
| Axis Bank | Financial | 4.97 |
| Power Grid Corporation | Energy | 4.91 |
| Facebook Co | Services | 3.96 |
| Indian Energy Exchange | Services | 3.8 |
| Central Depository Services | Financial | 2.66 |
| Motilal Oswal Financial Ser. | Financial | 1.9 |
| Multi Commodity Exchange Of India | Services | 1.51 |
| Balkrishna Industries | Automobile | 1.27 |
| Dr. Reddy’s Lab | Healthcare | 1.05 |
| Zydus Lifesciences | Healthcare | 1.04 |
| Cipla | Healthcare | 0.99 |
| Sun Pharmaceutical Industries | Healthcare | 0.96 |
| Ipca Laboratories | Healthcare | 0.86 |
| ICRA | Services | 0.73 |
| Oracle Fin Ser Software | Technology | 0.61 |
| Suzuki Motor Corporation (Japan) (ADS/ADR) | Automobile | 0.58 |
Let’s take a look at the portfolio allocation into various market capitalizations.
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 3,79,238 | 1,46,834 |
| Giant (%) | 68.25 | 53.24 |
| Large (%) | 18.18 | 19.21 |
| Mid (%) | 10.85 | 21.57 |
| Small (%) | 2.72 | 6.42 |
| Tiny (%) | — | 0.29 |
Parag Parikh Flexi Cap Fund Direct Growth tops the chart when it comes to consistency in delivering the return in comparison to other funds in the category. The fund has outperformed the benchmark. Though past performance is not the indication of future returns, consistency can be considered for investment decisions. The expense ratio of the fund is also comparatively on the lower side which can have a positive on the returns.
It is quite easy to invest in Parag Parikh Flexi Cap Fund Direct Growth. You can start the investment in a lump sum or through a systematic investment plan of INR 1,000 monthly. As it is an open-ended equity fund, you can redeem it easily anytime. However, to reap a higher return, it is important to have a long-term investment perspective.
Parag Parikh Flexi Cap Fund Direct Growth is one of the best equity fund options that you can consider investing in for long-term goals. If you are expecting stability and capital appreciation, this equity fund is a great option to grow your investment corpus.
