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parag parikh flexi cap fund direct growth
PPFAS Mutual Fund

Parag Parikh Flexi Cap Fund Direct-Growth

Equity: Flexi Cap - Growth (Open ended)
Parag Parikh Flexi Cap Fund Direct-GrowthNAV: 90.94 as on 09 Jul, 2026
Risk levelCategoryBenchmark
Copyright © 2026 sharpely. All rights reserved.
Factsheet
SEBI Riskometer: Very HighCategory: Equity: Flexi CapBenchmark: NIFTY 500 Total Return Index
NAV: ₹90.94+0.67%
10 Jul 2026
1 Week returns: -0.39 %
Category rank: 76/73
1 Month returns: 2.71 %
Category rank: 77/73
1 Year CAGR: -1.61 %
Category rank: 59/63
3 Years CAGR: 15.06 %
Category rank: 20/48
5 Years CAGR: 14.53 %
Category rank: 10/33
52 week high/low
₹85.26
₹95.77
AUM
143388.00
Expense Ratio
0.70
Inception
1369353.00
P/E
16.82
P/B
2.79
Max Drawdown
-0.31
Return 1M
2.71
Return 1Y
-1.61
Return 3Y
15.06
Return 5Y
14.53
Alpha
4.07
Sharpe
0.85

Key Talking Points

Important talking points about the scheme's performance, expense ratio and other factors — grouped by positive, negative, and neutral stance.
Positive
Scheme has outperformed the benchmark

The scheme has outperformed its benchmark (NIFTY 500 Total Return Index) with an alpha of 4.07% in the last 3 years

This measures the risk-adjusted outperformance of the scheme with respect to the benchmark calculated based on last 3 years of performance. Higher alpha implies higher outperformance (in the last 3 years)

What is Alpha (3Y)?

Relatively in line volatility

Volatility of scheme returns is significantly lower than average volatility of the category

This measures the volatility of monthly returns of the scheme (in the last 3 years) with respect to average volatility of the category. Higher number implies that scheme has been riskier that average category risk

What is Volatility (3Y)?

Relatively low expense ratio

Expense ratio of the scheme (0.7%) is lower than average expense ratio of the category (1.04%), excluding index funds and ETFs

This measures the relative expense of the scheme with respect to average expense ratio of the category. Investors should always prefer schemes with lower expense, everything else remaining the same

What is Expense ratio?

Negative
Not enough talking points with negative stance
Neutral
3-year performance has been average

3-year CAGR of 15.06% is between 25th and 75th percentile in its category - Equity: Flexi Cap

This is measured by percentile rank of the scheme in its category based on 3-year CAGR. Lower rank implies that scheme was a relative outperformer in its category

What is CAGR (3Y)?

Moderate performance consistency

The scheme was a top-quartile (25%) performer in 7.0 out of last 12 quarters

This is measured as the number of quarters, in the last 12 quarters, that the scheme was in the top quartile (25th percentile). Higher number implies that scheme has been a consistent performer

What is Consistency (quarterly)?

Scheme Overview

The scheme aims to achieve long-term capital appreciation by investing primarily in equity and equity related instruments.

Scheme Category Overview →

Fund Managers

Rajeev Thakkar
Since: 13 May 2013
View details
Raunak Onkar
Since: 13 May 2013
View details
Education
Mr.Onkar is an MMS (Finance) from the University of Mumbai.
Past Experience
He joined PPFAS as a research analyst. He was appointed as Head- research in the year 2011. He is working with the company as an Associate Fund Manager.
Raj Mehta
Since: 27 Jan 2016
View details
Education
Mr. Mehta is a Commerce Graduate from University of Mumbai (N.M. College) ; Fellow Member of Institute of Chartered Accountants of India (ICAI) ; CFA Charter Holder.
Past Experience
Beginning his career as an intern with PPFAS Mutual Fund in 2012, he swiftly moved up the ranks, and is currently part of the Fund Management team.
Rukun Tarachandani
Since: 16 May 2022
View details
Education
Mr. Tarachandani has done B Tech (Information Technology), PGPM (Finance), CFA and CQF.
Past Experience
Prior to joining PPFAS Mutual Fund, he has worked with Kotak Mutual Fund, Goldman Sachs, Unnati Investment Management & Research Group.
Tejas Soman
Since: 1 Sep 2025
View details
Education
Mr. Soman has done B.Com from University of Mumbai and Post Graduate Program in Securities Markets - From ‘NISM’
Past Experience
Prior to joining PPFAS Mutual Fund, he was associated with SBI MF, Yes Bank Limited, STCI Primary Dealership and PricewaterhouseCoopers
Mansi Kariya
Since: 22 Dec 2023
View details
Education
Ms. Karia has done B.Com, MS Finance and CFA
Past Experience
Prior to joining PPFAS AMC, she has worked with Insync and Zacks Investment Research
Aishwarya Dhar
Since: 1 Sep 2025
View details
Education
MBA - Finance
Past Experience
Prior to joining the PPFAS MF, she was associated with TATA AIA Life Insurance Co. Ltd, ManipalCigna Health Insurance Co. Ltd,

Key Scheme Details

Inception
23 May 2013
Expense Ratio
0.7%
AUM
₹1,43,388 Cr
Lock in
No lock in
Taxation
Equity
Min. Investment
₹1,000
Min. Addl Investment
-
Min. SIP Investment
₹1,000
Exit load
For units above 10% of the investment, exit load of 2% if redeemed within 365 days and 1% if redeemed after 365 days but

AMC Overview

PPFAS Mutual Fund background and AUM insights, category-wise distribution and historical AUM growth.

AUM Analysis

AUM distribution as on date:
Jun 30, 2026
Total AUM: ₹ 1,64,057 Cr
Equity
₹ 1,49,776 Cr
Hybrid
₹ 8,707 Cr
Debt
₹ 5,575 Cr
Dec 31, 2021Jan 31, 2022Feb 28, 2022Mar 31, 2022Apr 30, 2022May 31, 2022Jun 30, 2022Jul 31, 2022Aug 31, 2022Sep 30, 2022Oct 31, 2022Nov 30, 2022Dec 31, 2022Jan 31, 2023Feb 28, 2023Mar 31, 2023Apr 30, 2023May 31, 2023Jun 30, 2023Jul 31, 2023Aug 31, 2023Sep 30, 2023Oct 31, 2023Nov 30, 2023Dec 31, 2023Jan 31, 2024Feb 29, 2024Mar 31, 2024Apr 30, 2024May 31, 2024Jun 30, 2024Jul 31, 2024Aug 31, 2024Sep 30, 2024Oct 31, 2024Nov 30, 2024Dec 31, 2024Jan 31, 2025Feb 28, 2025Mar 31, 2025Apr 30, 2025May 31, 2025Jun 30, 2025Jul 31, 2025Aug 31, 2025Sep 30, 2025Oct 31, 2025Nov 30, 2025Dec 31, 2025Jan 31, 2026Feb 28, 2026Mar 31, 2026Apr 30, 2026May 31, 2026Jun 30, 2026
equity20,308 Cr20,819 Cr20,562 Cr22,316 Cr22,492 Cr23,265 Cr22,942 Cr25,275 Cr26,730 Cr26,802 Cr28,560 Cr29,447 Cr29,190 Cr30,391 Cr31,100 Cr32,646 Cr35,143 Cr37,606 Cr39,441 Cr41,697 Cr42,693 Cr44,850 Cr46,176 Cr50,628 Cr54,570 Cr57,795 Cr61,898 Cr63,734 Cr67,294 Cr69,838 Cr75,432 Cr79,973 Cr82,643 Cr86,803 Cr86,193 Cr89,026 Cr92,046 Cr94,276 Cr92,482 Cr98,347 Cr1,03,626 Cr1,09,162 Cr1,15,950 Cr1,18,819 Cr1,20,565 Cr1,25,362 Cr1,31,591 Cr1,35,649 Cr1,39,223 Cr1,39,738 Cr1,40,379 Cr1,34,778 Cr1,47,268 Cr1,47,725 Cr1,49,776 Cr
hybrid661 Cr693 Cr727 Cr781 Cr843 Cr862 Cr878 Cr919 Cr999 Cr1,030 Cr1,063 Cr1,110 Cr1,169 Cr1,212 Cr1,227 Cr1,361 Cr1,418 Cr1,438 Cr1,454 Cr1,491 Cr1,515 Cr1,579 Cr1,602 Cr1,824 Cr1,937 Cr2,093 Cr2,403 Cr2,668 Cr2,993 Cr3,341 Cr3,563 Cr3,894 Cr4,197 Cr4,423 Cr4,665 Cr4,816 Cr5,034 Cr5,212 Cr5,343 Cr5,517 Cr5,897 Cr6,349 Cr6,639 Cr7,105 Cr7,316 Cr7,528 Cr7,708 Cr7,844 Cr8,023 Cr8,094 Cr8,332 Cr8,006 Cr8,424 Cr8,546 Cr8,707 Cr
debt1,495 Cr1,519 Cr1,414 Cr1,327 Cr1,355 Cr1,372 Cr1,392 Cr1,426 Cr1,483 Cr1,520 Cr1,511 Cr1,477 Cr1,516 Cr1,496 Cr1,457 Cr1,382 Cr1,477 Cr1,570 Cr1,646 Cr1,726 Cr1,803 Cr1,992 Cr2,027 Cr2,007 Cr2,046 Cr2,054 Cr2,014 Cr2,050 Cr2,118 Cr2,159 Cr2,168 Cr2,246 Cr2,318 Cr2,457 Cr2,497 Cr2,361 Cr2,230 Cr2,257 Cr2,426 Cr2,494 Cr3,059 Cr3,426 Cr3,697 Cr3,853 Cr4,024 Cr3,867 Cr4,044 Cr5,075 Cr4,968 Cr4,068 Cr5,098 Cr5,171 Cr5,260 Cr5,524 Cr5,575 Cr
commodities-------------------------------------------------------
Total22,465 Cr23,031 Cr22,702 Cr24,424 Cr24,690 Cr25,499 Cr25,211 Cr27,620 Cr29,212 Cr29,353 Cr31,135 Cr32,034 Cr31,874 Cr33,099 Cr33,784 Cr35,390 Cr38,038 Cr40,615 Cr42,541 Cr44,914 Cr46,011 Cr48,420 Cr49,805 Cr54,460 Cr58,554 Cr61,943 Cr66,315 Cr68,453 Cr72,405 Cr75,338 Cr81,163 Cr86,113 Cr89,158 Cr93,683 Cr93,354 Cr96,203 Cr99,310 Cr1,01,745 Cr1,00,250 Cr1,06,358 Cr1,12,582 Cr1,18,937 Cr1,26,285 Cr1,29,777 Cr1,31,904 Cr1,36,757 Cr1,43,343 Cr1,48,568 Cr1,52,214 Cr1,51,899 Cr1,53,808 Cr1,47,955 Cr1,60,952 Cr1,61,795 Cr1,64,057 Cr

AMC Details

AMC
PPFAS Mutual Fund
CEO
Neil Parag Parikh(Chief Executive Officer)
CIO
Rajeev Thakkar(Chief Investment Officer-Equity)
IRO
Aalok Mehta
Trustee
PPFAS Trustee Company Pvt.Ltd.
Address
702-705, 7th Floor, 349 Business Point Commercial Premises Co-op. Society Ltd.,, Western Express Highway,, Andheri (East), , Mumbai

Frequently Asked Questions

What is the current NAV of Parag Parikh Flexi Cap Fund Direct-Growth?
The current NAV (Net Asset Value) of Parag Parikh Flexi Cap Fund Direct-Growth is ₹ 90.9438 as of 1783641. NAV is declared at the end of each business day after market close and reflects the per-unit value of the fund after deducting expenses.
What is the AUM of Parag Parikh Flexi Cap Fund Direct-Growth?
The Assets Under Management (AUM) of Parag Parikh Flexi Cap Fund Direct-Growth is ₹ 1.43 L Cr in the Equity: Flexi Cap category. A larger AUM generally reflects higher investor confidence. For mid and small cap funds, very large AUM can sometimes limit agility in portfolio positioning.
What is the expense ratio of Parag Parikh Flexi Cap Fund Direct-Growth?
The expense ratio of Parag Parikh Flexi Cap Fund Direct-Growth is 0.70%. This annual fee is deducted daily from the NAV — over Parag Parikh Flexi Cap Fund Direct-Growth's history, the fund has delivered a since-inception CAGR of 18.30% after expenses. Direct plans always carry a lower expense ratio than Regular plans — the difference in expense ratio directly adds to your NAV growth over time.
Who is the fund manager of Parag Parikh Flexi Cap Fund Direct-Growth?
The fund manager details for Parag Parikh Flexi Cap Fund Direct-Growth are available in the Scheme Overview section. The fund is managed by PPFAS Mutual Fund. Fund manager experience and tenure are important qualitative factors when evaluating a mutual fund.
What is the benchmark of Parag Parikh Flexi Cap Fund Direct-Growth?
The benchmark index for Parag Parikh Flexi Cap Fund Direct-Growth is NIFTY 500 Total Return Index. All performance evaluation of Parag Parikh Flexi Cap Fund Direct-Growth is measured relative to NIFTY 500 Total Return Index. The fund manager's goal is to generate alpha (returns above the benchmark) while managing downside risk. Parag Parikh Flexi Cap Fund Direct-Growth has generated an alpha of 4.07% relative to its benchmark.
When was Parag Parikh Flexi Cap Fund Direct-Growth launched?
The launch (inception) date of Parag Parikh Flexi Cap Fund Direct-Growth is available in the Scheme Overview section. A longer track record spanning multiple bull and bear market cycles is an important criterion when evaluating a mutual fund.
What is the minimum investment in Parag Parikh Flexi Cap Fund Direct-Growth?
The minimum SIP and lumpsum investment details for Parag Parikh Flexi Cap Fund Direct-Growth are available in the Scheme Overview section. SIPs let you invest a fixed amount regularly, averaging your purchase cost over time and reducing market timing risk.
What is the exit load on Parag Parikh Flexi Cap Fund Direct-Growth?
The exit load on Parag Parikh Flexi Cap Fund Direct-Growth is 1.00%. Exit load is charged on redemption to discourage early withdrawal. Always factor in the exit load when comparing the net redemption value.
What category does Parag Parikh Flexi Cap Fund Direct-Growth belong to?
Parag Parikh Flexi Cap Fund Direct-Growth belongs to the Equity: Flexi Cap category of mutual funds. SEBI has classified mutual funds into well-defined categories to help investors choose based on risk appetite and investment horizon. The maximum historical drawdown of Parag Parikh Flexi Cap Fund Direct-Growth has been -0.31%, reflecting its worst peak-to-trough decline.
Is Parag Parikh Flexi Cap Fund Direct-Growth a direct or regular plan?
Parag Parikh Flexi Cap Fund Direct-Growth is available in both Direct and Regular plan variants. Direct plans always offer a lower expense ratio — the savings from no distributor commission compound meaningfully over a long investment horizon.