December 23, 2025
RA Jainee
Parag Parikh Flexi Cap Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 94.9471
NAV IDCW: Rs 94.9468
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.
This is a flexi-cap fund where the fund management team has complete freedom to invest in companies of different sizes, depending on where it expects maximum gains. This versatility makes flexi-cap funds most suitable for equity fund investors, as the job of stock selection is left completely to the fund manager, which is the very idea of investing in a mutual fund.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
The scheme aims to achieve long-term capital appreciation by investing primarily in equity and equity related instruments.
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) 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.
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) Aishwarya Dhar
Education: MBA – Finance
Experience: Prior to joining the PPFAS MF, she was associated with TATA AIA Life Insurance Co. Ltd, ManipalCigna Health Insurance Co. Ltd,
5) Mansi Kariya
Education: Ms. Karia has done B.Com, MS Finance and CFA
Experience: Prior to joining PPFAS AMC, she has worked with Insync and Zacks Investment Research
6) Tejas Soman
Education: Mr. Soman has done B.Com from University of Mumbai and Post Graduate Program in Securities Markets – From ‘NISM’
Experience: Prior to joining PPFAS Mutual Fund, he was associated with SBI MF, Yes Bank Limited, STCI Primary Dealership and PricewaterhouseCoopers
Investment Details
| Min. Investment (Rs) | 1,000 |
| 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) | 1 |
| Lock-in Period | NA |
| Exit Load | For units in excess of 10% of the investment, 2% will be charged for redemption within 365 days |
| For units in excess of 10% of the investment, 1% will be charged for redemption after 366 days and within 730 days |
Basic Details of Parag Parikh Flexi Cap Fund
| Fund House | PPFAS Mutual Fund |
| Launch Date | 24-May-13 |
| Return Since Launch | 19.58% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | ₹ 1,29,783 Cr |
| (As on 30-Nov-2025) | |
| Expense | 0.63% |
| (As on 30-Nov-2025) | |
| Risk Grade | Low |
| Return Grade | Above Average |
| Turnover | 12.67% |
Trailing Returns (%) of Parag Parikh Flexi Cap Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Parag Parikh Flexi Cap Dir | 8.30 | 0.56 | 0.57 | 0.91 | 3.85 | 9.23 | 22.67 | 21.43 | 21.76 | 18.36 |
| BSE 500 TRI | 7.60 | 0.77 | 0.33 | 2.15 | 4.20 | 7.89 | 16.44 | 17.73 | 16.02 | 15.04 |
| Equity: Flexi Cap | 5.10 | 0.79 | 0.22 | 1.29 | 3.74 | 5.11 | 17.85 | 17.96 | 16.16 | 14.98 |
| Rank within category | 25 | 95 | 35 | 68 | 52 | 18 | 7 | 10 | 1 | 1 |
| Number of funds in category | 94 | 113 | 111 | 107 | 100 | 92 | 71 | 54 | 42 | 35 |
Peer Comparison of Parag Parikh Flexi Cap 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 Flexi Cap Dir | 5 star | 9.23 | 22.67 | 21.43 | 0.63 | 1,29,783 | 19.58 | 2.00 (365) | 12Y 6M | 12.67 |
| HDFC Flexi Cap Dir | 5 star | 12.34 | 22.50 | 25.45 | 0.67 | 94,069 | 16.96 | 1.00 (365) | 12Y 11M | 12.51 |
| SBI Focused Dir | 4 star | 17.14 | 19.68 | 18.56 | 0.75 | 42,773 | 16.14 | 0.25 (30) | 12Y 11M | 37.00 |
| HDFC Focused Dir | 5 star | 12.15 | 22.66 | 26.58 | 0.62 | 26,230 | 15.81 | 1.00 (365) | 12Y 11M | 13.75 |
| ICICI Pru Flexicap Dir | 4 star | 11.72 | 21.31 | — | 0.76 | 20,055 | 18.28 | 1.00 (365) | 4Y 5M | 25.00 |
Portfolio Analysis of Parag Parikh Flexi Cap Fund
| No. of Stocks | 88 |
| Top 10 Stocks | 47.08% |
| Top 5 Stocks | 28.20% |
| Top 3 Sectors | 54.65% |
| Portfolio P/B Ratio | 3.42 |
| Portfolio P/E Ratio | 18.86 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 7,07,186 | 1,83,488 |
| Giant (%) | 83.36 | 49.57 |
| Large (%) | 11.29 | 21.41 |
| Mid (%) | 4.03 | 23.80 |
| Small (%) | 1.32 | 6.21 |
| Tiny (%) | — | 0.79 |
Chanakya’s Mutual Fund Guidance For Parag Parikh Flexi Cap Fund
Parag Parikh Flexi Cap Fund, managed by PPFAS Mutual Fund, aims to deliver long-term capital appreciation by investing in equity and equity-related instruments across market capitalisations. Launched in May 2013, the fund has built a strong track record with returns since launch of ~19.6%, outperforming its benchmark NIFTY 500 TRI across most long-term periods.
The fund is known for its conservative portfolio construction, low churn (turnover ~12.7%), and strong focus on large, high-quality businesses. With assets of nearly Rs. 1.30 lakh crore, it remains one of the largest flexi-cap funds in India. The investment philosophy is driven by the experienced fund management team led by Rajeev Thakkar, supported by a deep research bench. While short-term returns may occasionally lag aggressive peers, the fund has consistently delivered superior risk-adjusted returns, making it suitable for investors with a 5-year-plus horizon, preferably through SIPs.
Alternatives to the Most Subscribed Equity Fund
Investors looking for options similar to Parag Parikh Flexi Cap Fund may consider the following well-established alternatives:
| Fund Name | 1Y Returns (%) | 3Y Returns (%) | 5Y Returns (%) | Expense Ratio (%) | AUM (Rs Cr) | Exit Load |
|---|---|---|---|---|---|---|
| HDFC Flexi Cap Fund (Direct) | 12.34 | 22.50 | 25.45 | 0.67 | 94,069 | 1% (365 days) |
| HDFC Focused Fund (Direct) | 12.15 | 22.66 | 26.58 | 0.62 | 26,230 | 1% (365 days) |
| SBI Focused Equity Fund (Direct) | 17.14 | 19.68 | 18.56 | 0.75 | 42,773 | 0.25% (30 days) |
| ICICI Prudential Flexi Cap Fund (Direct) | 11.72 | 21.31 | — | 0.76 | 20,055 | 1% (365 days) |
Key takeaway:
-
Choose Parag Parikh Flexi Cap for stability, downside protection and long-term consistency.
-
Opt for HDFC or SBI peers if you prefer relatively higher churn and return aggression.
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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