Parag Parikh Flexi Cap Fund - Direct Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : Flexi Cap Fund

Fund House : PPFAS Mutual Fund

NAV

This number shows latest NAV (Net Asset Value) and change in the NAV from previous day. NAV is nothing but the unit price for the fund. You will be allocated number of units based on this price. NAV is declared once each day generally at the end of the day. Once you invest in mutual funds, your money is further invested in stocks and bonds by mutual fund managers. Mutual Fund NAV is the per unit latest value of all such stocks/bonds held in the portfolio

: ₹ 58.3362 -0.11%
(as on 31st May, 2023)

Crisil Rank

Not Ranked

Rank not available for the fund

Fund Size

: ₹ 33615.95 Cr

(13.31% of Investment in Category)

Expense Ratio

: 0.72%

(0.81% Category average)

Risk-O-Meter

Very High

Flexi Cap Fund :Flexi Cap Fund : The fund has 68.09% investment in domestic equities of which 56.58% is in Large Cap stocks, 3.22% is in Mid Cap stocks, 6.65% in Small Cap stocks.The fund has 0.49% investment in Debt, of which , 0.49% is in Low Risk securities.

Suitable For : Investors who are looking to invest money for at least 3-4 years and looking for high returns. At the same time, these investors should also be ready for possibility of moderate losses in their investments.

1M
3M
6M
1Y
2Y
5Y
ALL

This Scheme

VS

Benchmark
Nifty 500 TRI

4.79%

8.83%

-0.81%

12.74%

10.39%

12.35%

6.55%
NA
4.36%

8.49%

1.49%

14.12%

10.66%

12.89%

12.93%

NA
Gold

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VIP (Value Avg)

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Annualised Returns

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Returns (NAV as on 31st May, 2023)

Period Invested for	₹10000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	24-May-23	10182.70	1.83%	-	1.81%	14/35
1 Month	28-Apr-23	10418.30	4.18%	-	4.36%	21/35
3 Month	28-Feb-23	11222.30	12.22%	-	8.49%	2/35
6 Month	30-Nov-22	11108.10	11.08%	-	1.49%	1/33
YTD	30-Dec-22	11431.10	14.31%	-	4.44%	1/33
1 Year	31-May-22	11771.00	17.71%	17.71%	14.12%	3/30
2 Year	31-May-21	13283.80	32.84%	15.26%	10.66%	3/25
3 Year	29-May-20	22289.50	122.89%	30.56%	26.43%	5/24
5 Year	31-May-18	24013.60	140.14%	19.14%	12.89%	2/21
10 Year	31-May-13	58246.50	482.46%	19.26%	15.78%	2/16
Since Inception	24-May-13	58336.20	483.36%	19.24%	12.93%	2/35

Returns Calculator Detailed Returns Analysis

SIP Returns (NAV as on 31st May, 2023)

Period Invested for	₹1000 SIP Started on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	31-May-22	12000	13645.62	13.71 %	26.36 %
2 Year	31-May-21	24000	27538.5	14.74 %	13.84 %
3 Year	29-May-20	36000	48250.88	34.03 %	19.98 %
5 Year	31-May-18	60000	103250.26	72.08 %	21.86 %
10 Year	31-May-13	120000	324115.93	170.1 %	18.88 %

SIP Calculator Detailed Returns Analysis

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.|If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.

Portfolio (Updated on 30th Apr,2023)

Portfolio Turnover Ratio : 30.66% | Category average turnover ratio is 135.88%

Fund manager updated portfolio less frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for longer duration than peers)

Equity Holding : 68.09% | F&O Holdings : 0.00%| Foreign Equity Holdings : 17.15%| Total : 85.24%

No of Stocks : 41 (Category Avg - 53.29) | Large Cap Investments : 56.58%| Mid Cap Investments : 3.22% | Small Cap Investments : 6.65% | Other : 18.79%

Top 10 Stocks in Portfolio

How to read this table?

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
Housing Development Finance Corporation Ltd.	Housing finance company	26708.2	7.95%	-0.12%	8.45% (Nov 2022)	6.08% (May 2022)	96.23 L	0.00
ITC Limited	Diversified fmcg	25830.4	7.68%	0.24%	9.18% (Jun 2022)	7.12% (Dec 2022)	6.07 Cr	0.00
Bajaj Holdings & Investment Ltd.	Holding company	24802.8	7.38%	0.55%	9.02% (Sep 2022)	6.83% (Mar 2023)	36.22 L	13.27 k
ICICI Bank Ltd.	Private sector bank	19918.4	5.93%	-0.16%	6.27% (Nov 2022)	5.53% (Jan 2023)	2.17 Cr	0.00
Microsoft Corp	Foreign equity	18018	5.36%	0.02%	6.68% (May 2022)	4.84% (Jan 2023)	7.22 L	6.93 k
Axis Bank Ltd.	Private sector bank	16790.7	4.99%	-0.37%	5.94% (Dec 2022)	4.97% (May 2022)	1.95 Cr	0.00
HCL Technologies Limited	Computers - software & consulting	16402.1	4.88%	-0.27%	5.83% (Nov 2022)	4.88% (Apr 2023)	1.54 Cr	5.65 L
Alphabet Inc	Foreign equity	16216.9	4.82%	0.04%	7.1% (Jun 2022)	4.47% (Feb 2023)	18.42 L	38.27 k
Power Grid Corporation of India Ltd.	Power - transmission	15130.8	4.50%	-0.10%	5.25% (Oct 2022)	4.5% (Apr 2023)	6.38 Cr	0.00
Coal India Ltd.	Coal	14783.1	4.40%	-0.27%	5.05% (Dec 2022)	0.16% (May 2022)	6.34 Cr	-0.50 Cr

- indicates change in weight in the portfolio. # indicates a new entry.

Detailed Portfolio Analysis

No of Debt Holding 7 (Category Avg - 0.68) | Modified Duration 4.60 Years (Category Avg - 2.33)| Yield to Maturity - -- (Category Avg - 7.07%)

Type of Holdings

Security Type	% Weight	Category Average
GOI	0.00%	0.01%
CD	0.42%	0.01%
T-Bills	0.00%	0.05%
CP	0.07%	0.00%
NCD & Bonds	0.00%	0.05%

Investment / Portfolio Grades

Security Type	% Weight	Category Average
Government Backed	0.00%	0.00%
Low Risk	0.49%	0.06%
Moderate Risk	0.00%	0.00%
High Risk	0.00%	0.00%
Very High Risk	0.00%	0.00%
Others	0.00%	0.00%

Detailed Portfolio Analysis

Name	Type of Instrument	Weight (%)
TREPS	TREPS	12.94%
Net Receivables	Net Receivables	0.70%
FD - Axis Bank Ltd.	FD	0.15%
FD - Axis Bank Ltd.	FD	0.07%
FD - Axis Bank Ltd.	FD	0.07%

Detailed Portfolio Analysis

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 30th April, 2023)

Standard Deviation
Standard Deviation value gives an idea about how volatile fund returns has been in the past 3 years. Lower value indicates more predictable performance. So if you are comparing 2 funds (lets say Fund A and Fund B) in the same category. If Fund A and Fund B has given 9% returns in last 3 years, but Fund A standard deviation value is lower than Fund B. So you can say that there is a higher chance that Fund A will continue giving similar returns in future also whereas Fund B returns may vary.

Low volatility

14.09vs15.72

Category Avg
Beta
Beta value gives idea about how volatile fund performance has been compared to similar funds in the market. Lower beta implies the fund gives more predictable performance compared to similar funds in the market. So if you are comparing 2 funds (lets say Fund A and Fund B) in the same category. If Fund A and Fund B has given 9% returns in last 3 years, but Fund A beta value is lower than Fund B. So you can say that there is a higher chance that Fund A will continue giving similar returns in future also whereas Fund B returns may vary.

Low volatility

0.68vs0.93

Category Avg
Sharpe Ratio
Sharpe ratio indicates how much risk was taken to generate the returns. Higher the value means, fund has been able to give better returns for the amount of risk taken. It is calculated by subtracting the risk-free return, defined as an Indian Government Bond, from the fund's returns, and then dividing by the standard deviation of returns. For example, if fund A and fund B both have 3-year returns of 15%, and fund A has a Sharpe ratio of 1.40 and fund B has a Sharpe ratio of 1.25, you can chooses fund A, as it has given higher risk-adjusted return.

Better risk adjusted returns

1.43vs0.94

Category Avg
Treynor's Ratio
Treynor's ratio indicates how much excess return was generated for each unit of risk taken. Higher the value means, fund has been able to give better returns for the amount of risk taken. It is calculated by subtracting the risk-free return, defined as an Indian Government Bond, from the fund's returns, and then dividing by the beta of returns. For example, if fund A and fund B both have 3-year returns of 15%, and fund A has a Treynor's ratio of 1.40 and fund B has a Treynor's ratio of 1.25, then you can chooses fund A, as it has given higher risk-adjusted return.

Better risk adjusted returns

0.29vs0.16

Category Avg
Jension's Alpha
Alpha indicates how fund generated additional returns compared to a benchmark. Let's say if a fund A benchmarks its returns with Nifty50 returns then alpha equal to 1.0 indicates the fund has beaten the nifty returns by 1%, so the higher the alpha, the better.

Better risk adjusted returns

8.58vs-0.63

Category Avg

Alternative Funds (Category Peers)

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
JM Flexi Cap Fund - Direct - Growth	5	284.69	5.36	9.27	4.12	22.07	29.18
HDFC Flexi Cap Fund - Direct Plan - Growth	5	33221.69	3.24	7.48	1.50	20.69	34.55
Quant Flexi Cap Fund - Direct Plan - Growth	NA	1333.54	1.58	8.99	-2.25	17.61	41.89
Invesco India Flexi Cap Fund - Direct Plan - Growth	NA	945.04	5.00	9.24	3.09	17.37	0.00
Navi Flexi Cap Fund - Direct Plan - Growth	3	207.85	5.13	8.18	1.75	16.89	27.06
ICICI Prudential Flexicap Fund - Direct Plan - Growth	NA	11093.41	4.63	8.08	2.05	16.81	0.00
Mahindra Manulife Flexi Cap Fund - Direct Plan - Growth	NA	938.64	4.36	9.54	3.62	16.76	0.00
Edelweiss Flexi Cap Fund - Direct Plan - Growth	4	1117.87	4.39	8.28	1.99	16.51	28.90
DSP Flexi Cap Fund - Direct Plan - Growth	3	7847.24	5.24	7.97	3.74	15.97	25.80
Kotak Flexi Cap Fund - Direct Plan - Growth	3	37216.56	3.43	8.10	1.47	15.19	24.74

Detailed Comparison

More Funds from PPFAS Mutual Fund

Out of 4 mutual fund schemes offered by this AMC, 2 is/are ranked 5 * , and 2 schemes are not ranked. See more about AMC

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
Parag Parikh Flexi Cap Fund - Direct Plan - Growth	NA	33615.95	4.30	12.35	11.21	18.58	30.65
Parag Parikh Tax Saver Fund - Direct Plan - Growth	5	1526.97	3.17	7.03	3.91	17.43	31.74
Parag Parikh Liquid Fund - Direct Plan - Growth	5	1477.40	0.59	1.67	3.19	5.91	4.12
Parag Parikh Conservative Hybrid Fund - Direct Plan - Growth	NA	1418.11	0.76	4.18	4.31	9.69	0.00