Parag Parikh Flexi Cap Fund is an Indian mutual fund which is among the most popular; it is a smart combination of Indian and global equity investments. It pursues a disciplined value-investing approach and is expected to create long-term wealth to investors. The fund would be ideal to individuals who would desire to establish a sound base in equity investment using only one diversified fund. When it comes to the Parag Parikh Flexi Cap Fund,
we will discuss to discuss Parag Parikh Flexi Cap Fund: Nav, direct growth, Performance and more
What is parag parikh flexi cap fund?
Parag Parikh Flexi Cap Fund (also known as PPFCF) is an open equity mutual fund, which is not restricted in terms of investing in large-cap, mid-cap, and small cap companies. The fact that it is a flexi-cap scheme implies that the scheme can make the changes based on the market requirements and investment opportunities. It is also involved in the international investment in selected companies, which will also enhance the diversification of risks and return potential.
The fund is operated by PPFAS mutual fund and it is designed to provide long term capital appreciation with a value-based investment philosophy.
The summary below gives a hint of the main statistics of the fund:
| Parameter | Details |
| Fund Category | Equity – Flexi Cap |
| Fund Type | Open-ended |
| Fund House | PPFAS Mutual Fund |
| Launch / Allotment Date | 24 May 2013 |
| Benchmark | NIFTY 500 Total Return Index (TRI) |
| Assets Under Management (AUM)** | Approx. ₹1.25 lakh crore+ |
| Minimum SIP Investment | ₹1,000 per month |
| Minimum Lumpsum Investment | ₹1,000 |
| Expense Ratio (Direct Plan)** | Around 0.60% – 0.70% |
| Exit Load | 2% (up to 1 year), 1% (1–2 years), 0% after 2 years |
| Risk Level | Very High |
The above values are indicative and they might vary with time.
Main characteristics of Parag Parikh Flexi Cap Fund
This fund is characterized by a number of features that make it different as compared to classically flexible capital funds:
1. Their factual flexibility is across market caps
The fund is invested in large-cap, mid-cap, and small-cap companies and may vary location with valuation and growth potential.
2. Indian + Global Portfolio
In contrast to other funds in the segment, PPFCF allocates some of its resources to multinationals all over the world like household US technology manufacturers. This provides access to the international growth without the need of having an independent international fund.
3. Value-Investing Approach
The fund takes a strategy of acquiring good businesses at good valuation and keeping them over several years, disregarding the short term market trends.
4. Attention to Long-Term Wealth Creation
Portfolio turnover is low which minimizes trading expenses and compounding benefits.
5. Tax-Efficient Structure
With global investments, over 65 percent is always invested in Indian shares hence the fund is subjected to taxation similar to an ordinary equity fund.
The fund has a set of high conviction companies rather than a large portfolio that is thinly spread in numerous companies.
Parag Parikh Flexi Cap Fund NAV
The Net Asset Value (NAV) is the market price of a unit of the mutual fund. The NAV also changes on a daily basis depending on the market dynamics and the valuation of the portfolio.
| Plan | Latest NAV (₹) |
| Direct Plan – Growth | ₹94.42 |
| Regular Plan – Growth | ₹86.45 |
2025 NAV Range Movement
| Plan Type | Lowest NAV (₹) | Highest NAV (₹) | Period |
| Direct Plan | ₹82.06 | ₹93.17 | April – June 2025 |
| Regular Plan | ₹75.43 | ₹85.52 | April – June 2025 |
NAV Long-Term Growth Trend
| Year | Approx. NAV (₹) |
| End of 2023 | ₹70.35 |
| Start of 2022 | ₹55.06 |
| End of 2020 | ₹37.25 |
Insight: These figures are a clear indication of a healthy compounding growth in the last five years.
Quarterly Performance Overview (July–September 2025)
| Performance Metric | Details |
| Quarterly NAV Trend | Positive upward movement |
| Market Influence | Value stocks recovery & global market rebound |
| Last 1-Year Return | ~10.77% |
| 3-Year Annualized Return (CAGR) | ~22% |
| 5-Year Annualized Return | ~22.06% |
Quarter Performance Summary
- Sustained steady growth even in the face of market shocks.
- Led by the revival in the banking, consumer goods, and technology industries.
- Increased moving power of value investing cycle back to favor.
Investment Objective
The main objective of Parag Parikh Flexi Cap Fund is to make long-term capital gains through investing in equity and equity related instruments. This comprises Indian and global stocks and a small proportion of debt to provide liquidity and stability.
- It tries to increase wealth in a number of years
- Unsuitable among short-term investors
- Best suited in long term financial objectives such as retirement, child education and wealth building
Performance Overview
Parag Parikh Flexi Cap Fund has had excellent performance in the long term and has performed better than its benchmark index and most of other competing flexi-cap funds. It has provided high returns within 3-year, 5-year and 10-year returns.
Indicative Performance Summary
| Time Period | Fund Returns (Approx.) | Benchmark Returns (Approx.) |
| 1-Year | 10–12% | 8–9% |
| 3-Year CAGR | 18–22% | 13–15% |
| 5-Year CAGR | 15–18% | 12–14% |
| 10-Year CAGR | 17–20% | 13–15% |
Note: The history does not assure of the future.
- The Reason Performance has Been Good.
- Introduction to international technology firms.
- Powerful risk-management culture.
- Purchasing low-priced stocks rather than motion stocks.
- Allocation of cash in high cost markets.
Portfolio Allocation & Asset Mix
The fund portfolio normally includes Indian equities, foreign equities and a minor proportion in cash and debt.
Sample Allocation Structure
| Asset Type | Approximate Allocation |
| Indian Equity | 60–70% |
| International Equity | 10–15% |
| Debt / Arbitrage / Cash | 20–25% |
Top Holdings & Sector Allocation
Sample Top Company Holdings
| Company Name | Type |
| HDFC Bank | Indian Bank |
| ICICI Bank | Indian Bank |
| ITC | Indian FMCG |
| Bharti Airtel | Telecom |
| Maruti Suzuki | Automobile |
| Microsoft | Global Technology |
| Alphabet | Global Technology |
| Meta | Global Technology |
| Amazon | Global E-commerce |
Major Sector Exposure
| Sector | Weight (Approx.) |
| Banking & Financial Services | 28–32% |
| Technology & Internet | 20–25% |
| FMCG & Consumer | 10–15% |
| Auto & Ancillaries | 5–8% |
| Miscellaneous | Remaining |
Risk Profile & Volatility
The risk level is Very High as this is an equity fund and is globally exposed.
Risks to Consider
- In the short run NAV can be unstable.
- Due to currency fluctuations, international holdings get hit.
- The growth cycles may not perform well in a value-investing style.
- Small-cap allocation might not be as flexible with high AUM size.
Who Should Invest
- Investor with goals of 5 years or more
- Individuals who are not afraid of market volatility
- SIP investors seeking to create wealth disciplinarily
- Investors that are interested in one-fund core portfolio
Who Should Avoid
- Short-term traders
- Conservative risk profiles
- Individuals who desire assured returns
Expense Ratio, Exit Load & Taxation
| Detail | Value |
| Expense Ratio (Direct Plan) | ~0.60–0.70% |
| Expense Ratio (Regular Plan) | Higher than direct |
| Minimum SIP | ₹1,000 |
| Minimum Lumpsum | ₹1,000 |
Exit Load Structure
| Time of Redemption | Exit Load |
| Within 1 year | 2% |
| 1–2 years | 1% |
| After 2 years | No load |
Tax Rules
| Type | Tax |
| STCG (sold < 1 year) | 15% tax |
| LTCG (sold > 1 year) | 10% over ₹1 lakh gain |
Pros & Cons
Pros
- Good long term performance history.
- Professional management
- Indian fund global diversification
- Efficient global exposure in terms of taxes
- Appropriate as a core portfolio fund
Cons
- High risk and volatility
- Unsuitable as a short term investment
- Big AUM can restrict flexibility of small stocks
- Value style can be a poor performer in the momentum market
Investing in Parag Parikh Flexi Cap Fund
You can invest through:
- AMC official site in the Direct Plan.
- Investment applications and online brokers.
- depending on strategy- SIP / lump sum option.
Suggested Strategy
| Investment Type | Recommendation |
| SIP | Best for long-term disciplined wealth building |
| Lump-Sum | Ideal during market corrections |
Alternatives to Compare
| Fund Name | Category |
| HDFC Flexi Cap Fund | Flexi-Cap |
| Quant Flexi Cap Fund | Flexi-Cap |
| Motilal Oswal Flexi Cap Fund | Flexi-Cap |
| UTI Flexi Cap Fund | Flexi-Cap |
Conclusion
Parag Parikh Flexi Cap Fund is regarded as one of the most powerful long term equity mutual funds in India. The combination of its value-investing strategy, international investment exposure, accomplished leadership and its track record of stability makes it an appropriate core investment in a mutual fund. However, investors should be ready for market volatility and remain patient for long-term compounding.
FAQs
Yes, if they are willing to stay invested for 5–7 years and understand equity market fluctuations.
₹1,000 per month.
Yes, 10–15% typically is allocated to international companies.
Five years or longer.
No, it carries high volatility and is not meant for short horizons.
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