Parag Parikh Flexi Cap Fund
The scheme aims to achieve long-term capital appreciation by investing primarily in equity and equity related instruments.
Growthvine rating: 5/5 — ranked #1 of 53 in category.
Fund basics
| Category | Equity: Flexi Cap |
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| NAV | ₹80.38 (as of 2026-10-01) |
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| AUM | ₹1,48,429 Cr |
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| Expense ratio | 1.05% |
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| Riskometer | Very High |
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| Fund manager | Rajeev Thakkar |
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| 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 |
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Performance & risk
| 5-year annualised return | 10.31% |
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| Sharpe ratio | 0.73 |
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| Standard deviation | 9.93% |
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| Max drawdown | −31.26% |
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| Alpha | 3.48 |
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| Beta | 0.6 |
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Over 5 years, captured 76.2% of Nifty 500's upside and 58.5% of its downside.
Market cap allocation
| Large cap | 82.4% |
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| Mid cap | 10.1% |
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| Small cap | 7.5% |
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Concentration
| Top 5 holdings | 29.3% |
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| Top 10 holdings | 51.0% |
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| Total holdings | 63 |
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| Index overlap | 29.3% |
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| Active share | 70.7% |
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Top holdings
- HDFC Bank Ltd. — 7.6%
- ICICI Bank Ltd. — 5.7%
- POWER GRID CORPORATION OF INDIA LIMITED — 5.6%
- ITC Ltd — 5.3%
- Bajaj Holdings & Investment Limited — 5.1%
- Coal India Limited — 5.0%
- TRP_010926 — 4.8%
- Kotak Mahindra Bank Ltd. — 4.4%
- HCL Technologies Ltd — 4.2%
- Alphabet Inc — 4.1%
Top sectors
- Banking & Financial — 21.9%
- Global Equity — 11.1%
- Software & Services — 10.3%
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | −7.7% | Q4 (Bottom) | #41 of 50 |
| 2025 | 7.8% | Q1 (Top) | #9 of 43 |
| 2024 | 23.9% | Q1 (Top) | #11 of 42 |
| 2023 | 36.6% | Q1 (Top) | #3 of 36 |
| 2022 | −7.2% | Q4 (Bottom) | #28 of 30 |