June 26, 2024
mayank
Parag Parikh Liquid Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 1,363.6713
Weekly NAV IDCW: Rs 1,001.1522
Monthly NAV IDCW: Rs 1,003.1532
Parag Parikh Liquid Fund Suitable For Which Investors?
“Liquid funds invest in bonds having maturity of up to three months. They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don’t need for a few weeks up to a year. You can expect to earn better returns than what you would get from a bank account.
The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital. Though rare, there have been few instances when liquid funds have incurred losses.
Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy of Parag Parikh Liquid Fund
The Scheme seeks to deliver reasonable market related returns with lower risk and high liquidity through judicious investments in money market and debt instruments.
Fund Manager:
1) 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.
2) 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
Parag Parikh Liquid Fund 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 | Exit load of 0.0070% if redeemed within 1 day |
| 0.0065% if redeemed within 2 days | |
| 0.0060% if redeemed within 3 days | |
| 0.0055% if redeemed within 4 days | |
| 0.0050% if redeemed within 5 days | |
| 0.0045% if redeemed within 6 days. |
Basic Details of Parag Parikh Liquid Fund
| Fund House | PPFAS Mutual Fund |
| Launch Date | 11-May-18 |
| Return Since Launch | 5.19% |
| Benchmark | CRISIL Liquid Debt A-I Index |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | RS 2,159 Cr |
| (As on 31-May-2024) | |
| Expense | 0.16% |
| (As on 31-May-2024) | |
| Risk Grade | — |
| Return Grade | Low |
Trailing Returns (%) of Parag Parikh Liquid Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Parag Parikh Liquid Dir | 3.40 | 0.02 | 0.57 | 1.76 | 3.52 | 6.98 | 5.49 | 4.91 | — | — |
| CCIL T Bill Liquidity Weight | 2.21 | 0.02 | 0.40 | 1.15 | 2.29 | 4.47 | 3.44 | 3.29 | — | — |
| Debt: Liquid | 3.58 | 0.01 | 0.59 | 1.85 | 3.72 | 7.30 | 5.76 | 5.20 | — | — |
| Rank within category | 35 | 6 | 35 | 34 | 35 | 34 | 34 | 31 | — | — |
| Number of funds in category | 36 | 37 | 37 | 37 | 36 | 35 | 35 | 34 | 30 | 29 |
Peer Comparison of Parag Parikh Liquid 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 | |
| Parag Parikh Liquid Dir | 1 star | 6.98 | 5.49 | 4.91 | 0.16 | 2,159 | 5.19 | 0.01 (1) | 6Y 1M |
| ABSL Liquid Dir | 5 star | 7.40 | 5.86 | 5.34 | 0.21 | 44,331 | 6.91 | 0.01 (1) | 11Y 5M |
| Axis Liquid Dir | 4 star | 7.38 | 5.83 | 5.30 | 0.17 | 36,518 | 6.86 | 0.01 (1) | 11Y 5M |
| Nippon India Liquid Dir | 4 star | 7.38 | 5.82 | 5.30 | 0.20 | 33,604 | 6.88 | 0.01 (1) | 11Y 5M |
| UTI Liquid Dir | 4 star | 7.36 | 5.82 | 5.27 | 0.18 | 28,029 | 6.83 | 0.01 (1) | 11Y 5M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 30 | 58 |
| Macaulay Duration (yrs) | 0.12 | 0.10 |
| Average Maturity (yrs) | 0.13 | 0.10 |
| Yield to Maturity (%) | 6.98 | 7.05 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Parag Parikh Liquid Fund
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