Parag Parikh Flexi Cap Fund

Flexi CapDirect and Regular plans, Growth and IDCW options

Data as on 29-10-2026

Parag Parikh Flexi Cap Fund is a Flexi Cap fund run by PPFAS Mutual Fund. On 30-09-2026, it managed ₹1,45,071 Cr of investors' money. In the 3 years to 29-10-2026, its Direct plan returned 12.6% a year and its Regular plan returned 11.8% a year. Its benchmark, Nifty 500 TRI, returned 10.4% a year over the same 3 years.

NAV (Direct plan): ₹88.96; ▲ 0.18%29-10-2026
NAV (Regular plan): ₹80.98; ▲ 0.18%29-10-2026
Expense ratio: 0.69%Direct1.30%Regular; 0.69%; A year
Riskometer: Very High; Set by the fund house
3 year return: 12.6%Direct11.8%Regular; 12.6%; A year

Parag Parikh Flexi Cap Fund NAV Today

NAV on 29-10-2026: Direct Plan Growth ₹88.96 (up 0.18% that day); Regular Plan Growth ₹80.98 (up 0.18% that day).

This fund (Direct plan)

₹88.9623

Parag Parikh Flexi Cap Fund Returns vs Nifty 500 TRI

Returns as on 29-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

Trailing returns
Period	1M	3M	6M	1Y	3Y	5Y	10Y
This fund (Direct)	+0.27%	−2.25%	−2.67%	−6.97%	+12.57%	+10.85%	+16.65%
This fund (Regular)	+0.22%	−2.40%	−2.96%	−7.55%	+11.82%	+10.01%	+15.76%
Nifty 500 TRI	−0.68%	−5.86%	−3.43%	−7.58%	+10.42%	+8.86%	+12.55%
Flexi Cap average	−1.62%	−4.17%	+1.00%	−3.58%	+12.37%	+10.04%	+13.13%
Best in Flexi Cap	+0.85%	−0.17%	+8.85%	+6.40%	+18.32%	+15.53%	+18.28%
Worst in Flexi Cap	−6.55%	−8.89%	−7.46%	−10.21%	+6.61%	+3.93%	+9.31%
Rank in Flexi Cap	3/46	9/44	38/44	33/42	16/36	9/27	2/18

Category rows compare the Direct plans of 46 Flexi Cap funds. Rank 1 is the highest return.

Parag Parikh Flexi Cap Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular	Nifty 500 TRI
2026to date	−6.52%	−7.00%	−7.33%
2025	+8.55%	+7.84%	+7.76%
2024	+24.81%	+23.92%	+16.24%
2023	+37.64%	+36.57%	+26.91%
2022	−6.29%	−7.23%	+4.25%
2021	+46.97%	+45.51%	+31.60%

Parag Parikh Flexi Cap Fund Rolling Returns

The return of every holding period in the fund's history, not only the one that ends today

Rolling returns

Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 2,569 periods, one for each trading day from 30-05-2016 to 29-10-2026.

−10%0%10%20%30%40%

Mar 2014
to
Mar 2017Jan 2016
to
Jan 2019Oct 2017
to
Oct 2020Jul 2019
to
Jul 2022Apr 2021
to
Apr 2024Dec 2022
to
Dec 2025

Parag Parikh Flexi Cap Fund (Direct)Nifty 500 TRI

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	3,058	17.1%	−21.5%	100.1%	11%	11.3%	72%
2 years	2,816	17.3%	−6.4%	60.7%	1%	14.8%	86%
3 years	2,569	19.0%	0.7%	37.6%	0%	15.1%	95%
5 years	2,076	18.8%	4.1%	34.0%	0%	14.6%	100%
7 years	1,588	19.3%	14.6%	22.3%	0%	14.3%	100%
10 years	844	18.9%	16.5%	21.5%	0%	14.8%	100%

Every SIP holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	150	16.3%	−32.8%	64.9%	13%	12.4%	66%
2 years	138	16.2%	−15.3%	55.1%	3%	12.0%	82%
3 years	126	17.9%	−7.7%	42.1%	2%	15.0%	87%
5 years	102	19.5%	0.9%	29.3%	0%	15.4%	100%
7 years	78	20.4%	8.9%	25.4%	0%	15.4%	100%
10 years	42	20.2%	16.4%	22.2%	0%	15.4%	100%

Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat benchmark" counts the periods in which the fund did better than Nifty 500 TRI over the same days. Past returns do not promise future returns.

Parag Parikh Flexi Cap Fund Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	Parag Parikh Flexi Cap Fund (Direct)This fund	Nifty 500 TRI
Return (CAGR)	−6.97%	−7.34%
Standard deviation	9.20%	14.48%
Sharpe ratio	-1.33	-0.87
Sortino ratio	-1.78	-1.16
Maximum drawdown	−10.8% (30-03-2026)	−14.7% (30-03-2026)
Beta	0.56	1.00
Alpha	−4.97%	0.00%

From daily NAVs, 29-10-2025 to 29-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Measure	Parag Parikh Flexi Cap Fund (Direct)This fund	Nifty 500 TRI
Return (CAGR)	+12.57%	+10.22%
Standard deviation	9.75%	14.30%
Sharpe ratio	0.67	0.29
Sortino ratio	0.95	0.40
Maximum drawdown	−11.0% (30-03-2026)	−18.6% (28-02-2025)
Beta	0.60	1.00
Alpha	+3.89%	0.00%

From daily NAVs, 27-10-2023 to 29-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Measure	Parag Parikh Flexi Cap Fund (Direct)This fund	Nifty 500 TRI
Return (CAGR)	+10.85%	+8.81%
Standard deviation	11.35%	14.36%
Sharpe ratio	0.45	0.21
Sortino ratio	0.62	0.28
Maximum drawdown	−17.8% (17-06-2022)	−18.6% (28-02-2025)
Beta	0.67	1.00
Alpha	+3.00%	0.00%

From daily NAVs, 29-10-2021 to 29-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Measure	Parag Parikh Flexi Cap Fund (Direct)This fund	Nifty 500 TRI
Return (CAGR)	+16.65%	+12.51%
Standard deviation	11.99%	16.04%
Sharpe ratio	0.94	0.44
Sortino ratio	1.30	0.59
Maximum drawdown	−31.2% (24-03-2020)	−38.1% (23-03-2020)
Beta	0.61	1.00
Alpha	+6.88%	0.00%

From daily NAVs, 28-10-2016 to 29-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Measure	Parag Parikh Flexi Cap Fund (Direct)This fund	Nifty 500 TRI
Return (CAGR)	+17.69%	+13.26%
Standard deviation	11.74%	15.90%
Sharpe ratio	1.00	0.46
Sortino ratio	1.39	0.61
Maximum drawdown	−31.2% (24-03-2020)	−38.1% (23-03-2020)
Beta	0.59	1.00
Alpha	+7.39%	0.00%

From daily NAVs, 28-05-2013 to 29-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Drawdowns

How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.

−40%−30%−20%−10%0%

2014201620182020202220242026

Parag Parikh Flexi Cap Fund (Direct)Nifty 500 TRI

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
Parag Parikh Flexi Cap Fund (Direct)	−31.2%	13-02-2020	24-03-2020	07-07-2020	3 months	−7.1%
Nifty 500 TRI	−38.1%	17-01-2020	23-03-2020	06-11-2020	7 months	−8.8%

From the Direct plan's daily NAV since 28-05-2013, adjusted for unit splits, and Nifty 500 TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

Parag Parikh Flexi Cap Fund vs Other Flexi Cap Funds

The five Flexi Cap funds with the best three year return, and this fund. Direct plans.

Fund name	Rank	AUM (Cr)	Exp. ratio	1Y return	3Y return	3Y alpha	3Y beta	3Y Sharpe	3Y Sortino
ITI Flexi Cap Fund	1/36	1,588	0.88%	+6.40%	+18.32%	+7.73%	1.09	0.76	1.02	Compare
Bank of India Flexi Cap Fund	2/36	3,098	0.89%	+1.91%	+18.16%	+7.73%	1.14	0.69	0.92	Compare
Motilal Oswal Flexi Cap Fund	3/36	13,446	1.19%	−3.83%	+16.84%	+6.55%	1.02	0.64	0.89	Compare
360 One Flexicap Fund	4/36	2,246	0.92%	+1.77%	+16.69%	+6.74%	1.01	0.70	0.96	Compare
Invesco India Flexi Cap Fund	5/36	5,437	0.88%	−2.73%	+16.68%	+6.64%	1.04	0.69	0.96	Compare
Parag Parikh Flexi Cap Fund	16/36	1,45,071	0.69%	−6.97%	+12.57%	+3.89%	0.60	0.67	0.95

AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.

Parag Parikh Flexi Cap Fund Expense Ratio and Costs

What each plan charges a year, in force from 13-10-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Flexi Cap median	Cost rank (1 = cheapest)
Direct	0.53%	0.01%	0.00%	0.15%	0.69%	0.96%	3/46
Regular	1.05%	0.01%	0.00%	0.24%	1.30%	2.19%	1/46

The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Flexi Cap funds' plans of the same type are sorted from the lowest total expense ratio to the highest.

Direct vs Regular: what the gap cost

Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.

Over the last	Regular	Direct	Direct earned more by	₹1 lakh became (Regular)	₹1 lakh became (Direct)
1 year	−7.55%	−6.97%	0.58%	₹92,450	₹93,030
3 years	11.82%	12.57%	0.75% a year	₹1,39,817	₹1,42,649
5 years	10.01%	10.85%	0.84% a year	₹1,61,124	₹1,67,370
10 years	15.76%	16.65%	0.89% a year	₹4,32,101	₹4,66,495

Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.

Parag Parikh Flexi Cap Fund SIP Calculator

What a one-time or monthly investment in this fund would be worth today, from its own NAV history

Growth of an investment

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 28-05-2013 to 29-10-2026: 162 instalments, ₹16,20,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planParag Parikh Flexi Cap Fund (Direct)	₹16,20,000	₹54,77,858	₹38,57,858	16.6%
Regular planParag Parikh Flexi Cap Fund (Regular)	₹16,20,000	₹51,16,713	₹34,96,713	15.8%
Nifty 500 TRI	₹16,20,000	₹40,11,161	₹23,91,161	12.6%
Category averageCategory average, 46 Flexi Cap funds	₹16,20,000	₹45,59,325	₹29,39,325	14.2%

₹0₹20.0 L₹40.0 L₹60.0 L

2014201620182020202220242026

Direct planParag Parikh Flexi Cap Fund (Direct)Regular planParag Parikh Flexi Cap Fund (Regular)Nifty 500 TRICategory averageCategory average, 46 Flexi Cap fundsAmount invested

From each plan's published NAV (Growth option), the benchmark's TRI and the category average, over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.

Parag Parikh Flexi Cap Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

84.0%Equity

Asset	Fund	Category
Equity	84.0%	94.3%
Cash and others	12.2%	4.6%
Debt	3.9%	1.1%

Market cap of stocks

Market cap	Fund	Category
Large Cap	64.3%	51.2%
Mid Cap	3.6%	19.0%
Small Cap	4.2%	21.9%
Foreign stocks	11.9%	0.3%

Share of the whole fund. Category: the average of the Flexi Cap funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.

Parag Parikh Flexi Cap Fund Sector Allocation

Sector allocation of the fund's stocks as on 30-09-2026

Largest sectors

Banks20.3%
IT - Software9.4%
Computer Software: Programming, Data Processing7.1%
Automobiles6.3%
Power5.6%
Diversified FMCG5.5%
Consumable Fuels5.4%
Finance5.1%
Pharmaceuticals & Biotechnology4.1%
Telecom - Services3.1%

The ten largest of 20 sectors. The other 10 add up to 12.2%.

Sector changes

Sector	July 2026	August 2026	September 2026	Change
Banks	20.0%	20.7%	20.3%	+0.3%
IT - Software	10.3%	10.3%	9.4%	−0.9%
Computer Software: Programming, Data Processing	6.5%	6.3%	7.1%	+0.6%
Automobiles	6.6%	6.7%	6.3%	−0.3%
Power	6.0%	5.6%	5.6%	−0.4%

Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.

Parag Parikh Flexi Cap Fund Portfolio Holdings

As on 30-09-2026 · 77 holdings · from the fund house's monthly portfolio

Holdings	Sector / Rating	Weight%	1M change
HDFC Bank Limited	Banks	7.75%	0.0%
Power Grid Corporation of India Limited	Power	5.60%	0.0%
ITC Limited	Diversified FMCG	5.49%	0.0%
Coal India Limited	Consumable Fuels	5.39%	0.0%
ICICI Bank Limited	Banks	5.24%	0.0%
Bajaj Holdings & Investment Limited	Finance	4.96%	+2.5%
Kotak Mahindra Bank Limited	Banks	4.44%	0.0%
Alphabet Inc A	Computer Software: Programming, Data Processing	4.29%	0.0%
HCL Technologies Limited	IT - Software	3.96%	0.0%
Mahindra & Mahindra Limited	Automobiles	3.89%	+7.2%
Infosys Limited	IT - Software	2.93%	0.0%
Bharti Airtel Limited	Telecom - Services	2.91%	+5.5%
Axis Bank Limited	Banks	2.85%	0.0%
Meta Platforms Registered Shares A	Computer Software: Programming, Data Processing	2.83%	0.0%
Tata Consultancy Services Limited	IT - Software	2.50%	0.0%
Embassy Office Parks REIT	Realty	2.49%
Microsoft Corp	Computer Software: Prepackaged Software	2.48%	0.0%
DLF Limited	Realty	2.45%	+284.9%
Maruti Suzuki India Limited	Automobiles	2.40%	0.0%
Amazon Com Inc	Catalog/Specialty Distribution	2.30%	+0.3%
Knowledge Realty Trust	Realty	2.18%
Brookfield India Real Estate Trust	Realty	1.60%
Zydus Lifesciences Limited	Pharmaceuticals & Biotechnology	1.54%	0.0%
Cipla Limited	Pharmaceuticals & Biotechnology	1.33%	0.0%
Dr. Reddy's Laboratories Limited	Pharmaceuticals & Biotechnology	1.23%	+1.1%
Indraprastha Gas Limited	Gas	1.22%	+5.5%
Zydus Wellness Limited	Food Products	0.78%	0.0%
Indian Energy Exchange Limited	Capital Markets	0.62%	0.0%
Petronet LNG Limited	Gas	0.60%	+29.9%
Parag Parikh Liquid Fund- Direct Plan- Growth		0.60%
EID Parry India Limited	Food Products	0.52%	+3.5%
Export Import Bank of India (14/12/2026) · Commercial paper	CRISIL A1+	0.31%
Canara Bank (18/12/2026) · Certificate of deposit	CRISIL A1+	0.31%
Mahanagar Gas Limited	Gas	0.29%	+15.3%
Narayana Hrudayalaya Limited	Healthcare Services	0.25%	0.0%
364 Days Tbill (MD 15/10/2026) · Treasury bill	Sovereign	0.24%
Kotak Mahindra Bank Limited (18/12/2026)	CRISIL A1+	0.21%
Indian Bank (22/01/2027) · Certificate of deposit	CRISIL A1+	0.20%
Central Depository Services (India) Limited	Capital Markets	0.20%	0.0%
Indus Towers Limited	Telecom - Services	0.18%	+725.3%
Export Import Bank of India (10/12/2026) · Commercial paper	CRISIL A1+	0.17%
National Bank For Agriculture and Rural Development (19/01/2027) · Certificate of deposit	ICRA A1+	0.17%
CIE Automotive India Limited	Auto Components	0.17%	+10.9%
Punjab National Bank (01/10/2026) · Certificate of deposit	IND A1+	0.17%
CMS Info System Limited	Commercial Services & Supplies	0.15%	0.0%
National Bank For Agriculture and Rural Development (14/01/2027) · Certificate of deposit	CRISIL A1+	0.15%
364 Days Tbill (MD 15/01/2027) · Treasury bill	Sovereign	0.14%
Small Industries Dev Bank of India (13/10/2026) · Certificate of deposit	CRISIL A1+	0.14%
Kotak Mahindra Bank Limited (08/01/2027)	CRISIL A1+	0.14%
Canara Bank (11/11/2026) · Certificate of deposit	CRISIL A1+	0.14%
Bajaj Finance Limited (26/10/2026) · Commercial paper	ICRA A1+	0.14%
ICICI Bank Limited (27/01/2027)	ICRA A1+	0.13%
National Bank For Agriculture and Rural Development (22/01/2027) · Certificate of deposit	ICRA A1+	0.10%
National Bank For Agriculture and Rural Development (28/01/2027) · Certificate of deposit	CRISIL A1+	0.10%
Maharashtra Scooters Limited	Finance	0.10%	+2.0%
ICRA Limited	Capital Markets	0.08%	0.0%
Bank of Baroda (05/02/2027) · Certificate of deposit	CARE A1+	0.07%
Bank of Baroda (04/02/2027) · Certificate of deposit	CARE A1+	0.07%
Bharat Petroleum Corporation Limited (11/12/2026) · Commercial paper	CRISIL A1+	0.07%
ICICI Securities Limited (11/12/2026) · Commercial paper	CRISIL A1+	0.07%
364 Days Tbill (MD 01/07/2027) · Treasury bill	Sovereign	0.07%
HDFC Bank Limited (13/11/2026) · Certificate of deposit	CARE A1+	0.07%
Small Industries Dev Bank of India (10/11/2026) · Certificate of deposit	CARE A1+	0.07%
HDFC Bank Limited (22/01/2027) · Certificate of deposit	CARE A1+	0.07%
Indian Oil Corporation Limited (08/12/2026) · Commercial paper	CRISIL A1+	0.07%
Sundaram Finance Limited (17/08/2027) · Commercial paper	CRISIL A1+	0.06%
Power Finance Corporation Limited (18/11/2026) · Commercial paper	CRISIL A1+	0.03%
Small Industries Dev Bank of India (11/06/2027) · Certificate of deposit	CRISIL A1+	0.03%
Punjab National Bank (05/02/2027) · Certificate of deposit	CRISIL A1+	0.03%
Axis Bank Limited (27/11/2026)	CRISIL A1+	0.03%
Nesco Limited	Commercial Services & Supplies	0.03%	+85.3%
Bajaj Finance Limited (04/11/2026) · Commercial paper	ICRA A1+	0.03%
Canara Bank (30/11/2026) · Certificate of deposit	CRISIL A1+	0.02%
Bank of Baroda (07/12/2026) · Certificate of deposit	IND A1+	0.02%
Bank of Baroda (25/11/2026) · Certificate of deposit	IND A1+	0.02%
Swaraj Engines Limited	Industrial Products	0.01%	0.0%
Bajaj Finance Limited (27/08/2027) · Commercial paper	CRISIL A1+	0.01%

Parag Parikh Flexi Cap Fund Stocks Bought and Sold

All changes are between August 2026 and September 2026

Stocks bought and sold in September 2026

Bajaj Holdings & Investment Limited	Added	+2.5%	4.96%
Mahindra & Mahindra Limited	Added	+7.2%	3.89%
Bharti Airtel Limited	Added	+5.5%	2.91%
DLF Limited	Added	+284.9%	2.45%
Amazon Com Inc	Added	+0.3%	2.30%
Dr. Reddy's Laboratories Limited	Added	+1.1%	1.23%
Indraprastha Gas Limited	Added	+5.5%	1.22%
Petronet LNG Limited	Added	+29.9%	0.60%
EID Parry India Limited	Added	+3.5%	0.52%
Mahanagar Gas Limited	Added	+15.3%	0.29%
Indus Towers Limited	Added	+725.3%	0.18%
CIE Automotive India Limited	Added	+10.9%	0.17%
The Great Eastern Shipping Company Limited	Sold out	−100%	was 0.11%
Maharashtra Scooters Limited	Added	+2.0%	0.10%
Nesco Limited	Added	+85.3%	0.03%

A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.

What Parag Parikh Flexi Cap Fund bought and sold

Parag Parikh Flexi Cap Fund Portfolio Overlap

Funds with the most similar portfolios, across every fund house and category

Fund	Overlap	Holdings in common
Parag Parikh ELSS Tax Saver FundELSS · PPFAS	71.1%	38	Compare
Taurus Elss Tax Saver FundELSS · Taurus	45.4%	13	Compare
UTI - Dividend Yield FundDividend Yield · UTI	43.2%	19	Compare
HDFC NIFTY Top 20 Equal Weight Index FundIndex · HDFC	40.9%	11	Compare
Taurus Large Cap FundLarge Cap · Taurus	40.9%	14	Compare
Mirae Asset Nifty Top 20 Equal Weight ETFETF · Mirae Asset	40.9%	11	Compare
DSP Large Cap FundLarge Cap · DSP	39.9%	14	Compare
ICICI Prudential Nifty50 Value 20 ETFETF · ICICI Prudential	39.3%	11	Compare

Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.

Parag Parikh Flexi Cap Fund Overview

Fund facts from the scheme summary document, as on 16-10-2026

Expense ratio (Direct): 0.69%
Expense ratio (Regular): 1.30%
Category: Flexi Cap
Risk: Very High
Benchmark: Nifty 500 TRI
Launch date: 24-05-2013
Minimum investment: ₹1,000
Minimum additional investment: ₹1,000
AUM: ₹1,45,070.50 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 122639
ISIN (Direct): INF879O01027
Scheme code (Regular): 122640
ISIN (Regular): INF879O01019
NAV history: From 28-05-2013, 13.4 years

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 on or before 730 days.

Tax on Parag Parikh Flexi Cap Fund returns

Parag Parikh Flexi Cap Fund is taxed as an equity fund: 65% or more of it is in Indian stocks.
Units sold within 1 year: the gain is taxed at 20%.
Units held longer: gains above ₹1.25 lakh in a financial year, across all your equity funds and shares, are taxed at 12.5%.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.

Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.

All plans and options

Plan	Option	NAV	As on
direct	Growth	₹88.9623	29-10-2026
direct	Monthly IDCW Payout	₹88.9626	29-10-2026
regular	Growth	₹80.9818	29-10-2026
regular	Monthly IDCW Payout	₹80.9819	29-10-2026

About Parag Parikh Flexi Cap Fund

Parag Parikh Flexi Cap Fund is a mutual fund from PPFAS Mutual Fund. Its category is Flexi Cap. It was launched on 24-05-2013. Its benchmark is Nifty 500 TRI. At the end of September 2026 it held 77 securities.

Fund Manager

Rajeev Thakkar
Fund manager of Parag Parikh Flexi Cap Fund, since 24-05-2013
Rukun Tarachandani
Fund manager of Parag Parikh Flexi Cap Fund, since 16-05-2022
Raj Mehta
Fund manager of Parag Parikh Flexi Cap Fund, since 01-09-2025
Raunak Onkar
Fund manager of Parag Parikh Flexi Cap Fund, since 24-05-2013
Tejas Soman
Fund manager of Parag Parikh Flexi Cap Fund, since 01-09-2025
Mansi Kariya
Fund manager of Parag Parikh Flexi Cap Fund, since 22-12-2023
Aishwarya Dhar
Fund manager of Parag Parikh Flexi Cap Fund, since 01-09-2025

See all funds of PPFAS Mutual Fund

AUM change

September 2026: ₹1,45,070.50 Cr; −1.58% from August 2026
August 2026: ₹1,47,404.51 Cr; −0.69% from July 2026
July 2026: ₹1,48,429.00 Cr; +3.52% from June 2026

AUM moves with money invested or taken out, and with the value of what the fund holds.

Compare Parag Parikh Flexi Cap Fund with Other Funds

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Frequently Asked Questions for Parag Parikh Flexi Cap Fund

What is the current NAV of Parag Parikh Flexi Cap Fund?

The Direct plan NAV is ₹88.9623. The Regular plan NAV is ₹80.9818, as on 29-10-2026.

What are the returns of Parag Parikh Flexi Cap Fund?

The Direct plan returned −6.97% in 1 year, +12.57% a year over 3 years, +10.85% a year over 5 years. The Regular plan returned −7.55% in 1 year, +11.82% a year over 3 years, +10.01% a year over 5 years. These figures are as on 29-10-2026.

What is the expense ratio of Parag Parikh Flexi Cap Fund?

The Direct plan charges 0.69% a year. The Regular plan charges 1.30% a year. This is the figure the fund house reported to AMFI, in force from 13-10-2026.

What is the AUM of Parag Parikh Flexi Cap Fund?

Parag Parikh Flexi Cap Fund managed ₹1,45,070.50 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of Parag Parikh Flexi Cap Fund?

At the end of September 2026 the largest holdings were HDFCBANK (7.75%), POWERGRID (5.60%), ITC (5.49%), COALINDIA (5.39%), ICICIBANK (5.24%). The fund held 77 securities in all.

What did Parag Parikh Flexi Cap Fund buy and sell in September 2026?

It sold out of 1: The Great Eastern Shipping Company Limited. It added shares in 14.

How do I invest in Parag Parikh Flexi Cap Fund?

Through PPFAS Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹1,000. You can invest once or through a monthly SIP.

Who is the fund manager of Parag Parikh Flexi Cap Fund?

Rajeev Thakkar (since 24-05-2013), Rukun Tarachandani (since 16-05-2022), Raj Mehta (since 01-09-2025), Raunak Onkar (since 24-05-2013), Tejas Soman (since 01-09-2025), Mansi Kariya (since 22-12-2023), Aishwarya Dhar (since 01-09-2025).

Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.

This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.