January 11, 2024
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Parag Parikh Flexi Cap Fund’s AUM crosses Rs 50000 crore in December
Parag Parikh Flexi Cap Fund, a flagship scheme of Parag Parikh Mutual Fund, crossed Rs 50,000 crore in assets under management in December. The scheme manages assets worth Rs 52,684.28 crore as on December, according to Amfi. The AUM of the scheme has grown by around 80 per cent in 2023.
Launched in May 2013, the flexi cap scheme has completed 10.62 years.
Returns:
The scheme offered 19.34% since inception. The scheme offered 19.47% in 10 years, 22.77% in five years, and 22.34% in three years. In the 10-, five-, and three-year horizons, the benchmark (Nifty 500 – TRI) offered 16.26%, 17.60%, and 18.96% respectively. This shows that the scheme has managed to beat its benchmark during these horizons.
According to the scheme information document, the scheme manages 2,250,238 folios as on September 30,2023.
Performance:
Based on yearly returns since the inception (nearly 11 years), the scheme has managed to beat its benchmark eight times. The scheme outperformed its benchmark in 2013, 2014, 2015, 2018, 2019, 2020, 2021, and 2023. The scheme underperformed in 2016, 2017, and 2022.
Quicklinks
- Staffavailable.com
- BigGaddi.com
- ChanakyaMFGuidance.com
- Magajmari.com
- AnalysisLibrary.com
- Calls for the Day