June 25, 2024
mayank
Parag Parikh Conservative Hybrid Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 13.8840
NAV IDCW Monthly: Rs 10.8340
Suitable For Which Investors?
“Conservative hybrid funds invest roughly a quarter of your money in equity shares and the rest in bonds. These funds are suitable for those who cannot withstand too much volatility in the value of their investments and are content with moderate returns which are slightly higher than returns from fixed income options.
They may also suit those looking for a regular income from their accumulation. The debt portion of these funds provides a moderate, but steady stream of income. The small equity allocation though adds a bit of volatility, but helps boost returns to keep up with the rate of inflation over the long term.
Invest only if your investment horizon is three years or more. To derive dependable income with some degree of inflation protection, invest your accumulated savings in these funds gradually over at least a few months, and then maintain a withdrawal rate in the range of 4-6 per cent of the value of your investment every year.”
Fund’s Investment Strategy:
The scheme seeks to generate regular income through investments predominantly in debt and money market instruments. The scheme also seeks to generate long term capital appreciation from the portion of equity investments under the scheme.
Fund Manager:
1) Rajeev Thakkar
Education: Mr.Thakkar is a Chartered Accountant, Cost Accountant, CFA, and CFP.
Experience: He has been associated with PPFAS AMC since 2013.
2) Raunak Onkar
Education: Mr.Onkar is an MMS (Finance) from the University of Mumbai.
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.
3) Rukun Tarachandani
Education: Mr. Tarachandani has done B Tech (Information Technology), PGPM (Finance), CFA and CQF.
Experience: Prior to joining PPFAS Mutual Fund, he has worked with Kotak Mutual Fund, Goldman Sachs, Unnati Investment Management & Research Group.
4) Raj Mehta
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.
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.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days |
Basic Details
| Fund House | PPFAS Mutual Fund |
| Launch Date | 26-May-21 |
| Return Since Launch | 11.23% |
| Benchmark | CRISIL Hybrid 85+15 Conservative Index |
| Riskometer | Moderately High |
| Type | Open-ended |
| Assets | Rs 1,987 Cr |
| (As on 31-May-2024) | |
| Expense | 0.33% |
| (As on 31-May-2024) | |
| Risk Grade | Low |
| Return Grade | Above Average |
| Turnover | — |
Trailing Returns (%) of Parag Parikh Conservative Hybrid Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Parag Parikh Conservative Hybrid Dir | 8.20 | 0.03 | 1.16 | 3.94 | 8.65 | 18.41 | 11.41 | — | — | — |
| VR MIP TRI | 6.61 | 0.12 | 1.79 | 4.36 | 7.54 | 15.80 | 9.72 | — | — | — |
| Hybrid: Conservative Hybrid | 6.87 | 0.12 | 1.70 | 4.45 | 7.44 | 14.82 | 9.74 | — | — | — |
| Rank within category | 6 | 31 | 26 | 23 | 8 | 5 | 5 | — | — | — |
| Number of funds in category | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 27 | 25 | 23 |
Peer Comparison of Parag Parikh Conservative Hybrid Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Parag Parikh Conservative Hybrid Dir | 5 star | 18.41 | 11.41 | — | 0.33 | 1,987 | 11.23 | 1.00 (365) | 3Y | — |
| SBI Conservative Hybrid Dir | 5 star | 15.61 | 11.32 | 11.70 | 0.61 | 9,824 | 10.32 | 1.00 (365) | 11Y 5M | — |
| ICICI Pru Regular Savings Dir | 4 star | 15.26 | 10.52 | 10.69 | 0.91 | 3,338 | 10.88 | 1.00 (365) | 11Y 5M | 25.00 |
| HDFC Hybrid Debt Dir | 4 star | 16.68 | 11.30 | 11.07 | 1.24 | 3,182 | 10.24 | 1.00 (365) | 11Y 5M | — |
| Kotak Debt Hybrid Dir | 5 star | 18.58 | 12.29 | 13.17 | 0.49 | 2,478 | 11.31 | 1.00 (180) | 11Y 5M | 24.23 |
Portfolio Analysis of Parag Parikh Conservative Hybrid Fund
| Number of Stocks | 15 |
| Number of Bonds | 117 |
| Average Maturity (yrs) | 3.94 |
| Top 10 Holdings | 24.32% |
| Portfolio P/B Ratio | 3.41 |
| Portfolio P/E Ratio | 14.17 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,45,617 | 2,28,367 |
| Giant (%) | 61.94 | 59.93 |
| Large (%) | 9.14 | 16.29 |
| Mid (%) | 24.07 | 18.05 |
| Small (%) | 4.85 | 11.22 |
| Tiny (%) | — | 1.47 |
| Fund | Category | |
| Number of Securities | 142 | 58 |
| Macaulay Duration (yrs) | 3.28 | 4.53 |
| Average Maturity (yrs) | 3.94 | 8.02 |
| Yield to Maturity (%) | 7.49 | 7.48 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Parag Parikh Conservative Hybrid Fund
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