Parag Parikh Flexi Cap Fund: Best Flexi Cap Mutual Fund for 2024

Introduction

When as an investor you intend to invest in some mutual funds then there are already many mutual funds available in the market. Some have some pros and cons and others have some pros and cons. So this creates a confusing situation among investors regarding which to choose.

We understand investors’ this confusing situation. So to make it easier for you to select the mutual fund; we have come up with an exciting mutual fund scheme as Parag Parikh Flexi Cap Mutual Funds. We will put the insights of this scheme covering its financial attributes, past performance if any, what they have in this plan, etc that can surely assist you in making your investment decision.

 

Parag Parikh Flexi Cap Mutual Funds: Complete Overview

Life is too uncertain today that was never before. At the times of running worldly life, humans have very little time for their lives. Too many uncertainties in life have questioned the man about his financial security today and in the seeds of the time. Sometimes men’s life is challenged by Geo-Political conflicts like Wars, sometimes due to some chronic disease, or untimely sudden death, or if not from these then from natural disasters like earthquakes, Tsunami, Landslides, etc. So this uncertainty gave rise to investing in some financial schemes to minimize the damage if caused untimely.

One such scheme is Parag Parikh Flexi Cap Mutual Funds. The scheme was launched on 24 May 2013. It is a growth-oriented scheme that indicates a strategy focused on capital appreciation over the long term. This scheme provides two plans Parag Parikh Flexi Cap Mutual Funds-Regular Plan and Parag Parikh Flexi Cap Mutual Funds-Direct Plan-Growth.

The AUM under this scheme is Rs.63933.76 crores. It has 71.06% investment in domestic equities of which 47.9% is in Large-Cap stocks, 6.23% is in Mid-Cap stocks, and 7.67% in Small Cap stocks. The scheme has 3.64% investment in Debt, of which 0.55% is in Government securities, and 3.09% is in Low Risk securities.

 

 

Parag Parikh Flexi Cap Mutual Funds: Scheme Overview

Parag Parikh Flexi Cap Mutual Funds has an exit load of 2.0%  if the fund is sold before 365 days, and 1.0% if the fund is sold before 730 days. The expense ratio is 1.37% as of 30 April, 2024 (category average is 1.95%).

VRO	-
Expense ratio	1.37% as of 30 April, 2024
Exit load	2.0%  if the fund is sold before 365 days, and 1.0% if the fund is sold before 730 days
AUM (Fund size)	Rs.63933.76 crores
Lock-in	No
Benchmark	NIFTY 500 TRI
Min. investment	Rs. 1000
Risk	Very High
Short-term capital gains (STCG)	15% if redeemed within 1 year of investment
Long-term capital gains (LTCG)	After 1 year, pay a tax of 10% on returns of ₹1 lakh+ in a financial year

 

 

Is Parag Parikh Flexi Cap Mutual Funds for Me?

Now an important question arising in your mind would be if this scheme is for me. Then this section will let you know for whom this scheme is meant.

Parag Parikh Flexi Cap Mutual Funds is good for such investors who want to invest their money for at least 36 months or more and seek high returns. Also, investors should be ready for the probability of losses in their investments if things don’t go well as expected.

 

The Objective of the Parag Parikh Flexi Cap Mutual Funds

The objective of the Parag Parikh Flexi Cap Mutual Funds is to produce long-term capital development from an effectively overseen portfolio basically of equity and equity-related securities.

 

 

Peers of Parag Parikh Flexi Cap Mutual Funds

Equity/ Flexi Cap Funds	1 Y Returns	3 Y Returns	Fund Size (Cr)
HDFC Retirement Savings Fund Equity Plan Regular-Growth	36.79	22.66	5044.10
ICICI Prudential India Equity FOF -Growth	45.62	22.85	110.39
JM Flexicap Fund-Growth	59.60	29.04	2472.06

 

Returns/ Performance of Parag Parikh Flexi Cap Mutual Funds

1. Annualised Return

The annualised return of the scheme for the year 2019 is 15.48%, for 2020 is 33.99%, for 2021 is 45.52%, for 2022 is -6.29%, and for 2023 is 37.86%.

 

 

2. CAGR Analysis

The CAGR of the scheme for the last few years has been mentioned below:

Year	CAGR (%)
1	42.95
3	24.02
5	24.52
9	18.38

 

 

Top Stock Holdings of Parag Parikh Flexi Cap Mutual Funds

Stocks	Assets(%)	P/E	Return 1 Year %
HDFC Bank	8.06	18.66	-2.99
Bajaj Holdings & Invest.	6.2	12.83	16.28
Maruti Suzuki India	5.54	29.95	30.55

 

Parag Parikh Flexi Cap Mutual Funds Managers

1. Rajeev Thakkar

2. Raunak Onkar

3. Raj Mehta

4. Rukun Tarachandani

5. Mansi Kariya
   
   

 

Conclusion

Concluding investors should carefully consider their investment objective, time horizon, and risk tolerance. In this blog, we have brought insights into the Parag Parikh Flexi Cap Mutual Funds and its past performance. That will give you an idea about its market strategies, fund-making success ratio, etc. Factors such as performance, risk analysis, portfolio, and funds allocation should be wisely calculated. You are advised to consult your financial expert before making any decision in financial investments.

Hope this blog helped you with the information that you were seeking.

Disclaimer: This Mutual Funds Analysis is only for informational purposes and should not be considered as investment advice. Always do your research and consult with a financial advisor.