Parag Parikh Flexi Cap Fund
PPFAS Mutual Fund · Flexi Cap · Regular plan, growth option
NAV (₹), 1 Oct 2026
80.3771
1-day change
-0.65%
1Y return
-5.2%
3Y CAGR
11.2%
5Y CAGR
10.3%
Max drawdown, 5Y
−18.4%
NAV history month-end NAV, ₹ · 28 May 2013 to 1 Oct 2026
Returns vs Flexi Cap median (46 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | -2.8% | -5.6% |
| 3 months | -2.4% | -3.0% |
| 6 months | 1.9% | 9.3% |
| Year to date | -7.7% | -3.5% |
| 1 year | -5.2% | -0.9% |
| 3 years (CAGR) | 11.2% | 9.7% |
| 5 years (CAGR) | 10.3% | 8.7% |
| 7 years (CAGR) | 17.9% | 13.3% |
| 10 years (CAGR) | 16.0% | 12.0% |
| Since first NAV (CAGR) | 16.9% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 16.5% | 10.0% |
| 3Y rolling median | 18.2% | 15.0% |
| 3Y rolling worst | 0.1% | -4.0% |
| 3Y periods positive | 100% | 99% |
| 3Y periods ahead of benchmark | 97% | 41% |
| 5Y rolling median | 17.9% | 14.6% |
| 5Y rolling worst | 3.4% | 0.8% |
| 5Y periods ahead of benchmark | 100% | 14% |
Benchmark: Nifty 500 (proxy: Motilal Oswal Nifty 500 Index Fund, price return).
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 10.1% | 15.6% |
| Sharpe ratio | 0.47 | 0.29 |
| Sortino ratio | 0.73 | 0.41 |
| Beta | 0.60 | 0.96 |
| Alpha (ann.) | 2.7% | 1.1% |
| Upside capture | 68.22 | 99.18 |
| Downside capture | 53.28 | 97.41 |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −31.3% | −30.0% |
| Maximum drawdown, last 10Y | −31.3% | −36.7% |
| Maximum drawdown, last 5Y | −18.4% | −20.5% |
| Current drawdown | −8.4% | −7.2% |
| Recovery time of worst fall | 105 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Market context from Integrato Market Intelligence
This scheme invests mainly in the market below, which is also close to how many of them are benchmarked. Where that market stands today:
21,857.75 −0.97%
NSE close, 1 Oct 2026
- P/E 21.6: higher than 1% of days since 2023 (median 24.1)
- 1Y −3.9% · 3Y +8.9% p.a. · 5Y +8.6% p.a. (index fund NAV, after costs)
- −9.3% from its 52-week high
Index levels and P/E: NSE daily index closing values; gold and silver: IBJA rates; returns: growth NAV of an index fund or ETF tracking the market (AMFI), so they are after that fund's costs. Context only: a market's level or valuation does not tell you how any scheme will perform. Explore all markets.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 1.31% a year and the Direct plan's 0.69%, a gap of 0.62%; over the last 3 years the Direct plan returned 0.75 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹15,14,170.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Recent disclosure changes last 120 days, as disclosed via AMFI
- 1 Oct 2026: TER increased from 1.30% to 1.31% (AMFI TER disclosure)
- 30 Sep 2026: TER reduced from 1.31% to 1.30% (AMFI TER disclosure)
- 28 Sep 2026: TER increased from 1.30% to 1.31% (AMFI TER disclosure)
- 16 Sep 2026: TER reduced from 1.31% to 1.30% (AMFI TER disclosure)
- 15 Sep 2026: TER increased from 1.30% to 1.31% (AMFI TER disclosure)
- 11 Sep 2026: TER reduced from 1.31% to 1.30% (AMFI TER disclosure)
- 9 Sep 2026: TER increased from 1.30% to 1.31% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Rajeev Thakkar | 24 May 2013 | |
| Rukun Tarachandani | 16 May 2022 | |
| Raj Mehta | 1 Sep 2025 | |
| Raunak Onkar | 24 May 2013 | |
| Tejas Soman | 1 Sep 2025 | |
| Mansi Kariya | 22 Dec 2023 | |
| Aishwarya Dhar | 1 Sep 2025 |
Objective: The investment objective of the Scheme is to seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities, foreign equities and related instruments and debt securities.
Stated asset allocation: Equity and equity related instruments : 65%-100% Money Market Instruments and Other liquid instruments, Gold and Silver ETFs and Units issued by InvITs : 0%-35% ,Foreign Equity and equity related instruments including Overseas Mutual Funds/ Overseas ETFs : 0%-35% “For detailed asset allocation, please refer to the Scheme Information Document (SID) available on the website.”
Benchmark (tier 1): NIFTY500(TRI)
Exit load: In respect of each purchase / switch-in of Units, 10% of the units (the limit) may be redeemed without any exit load from the date of allotment.Any redemption or switch-out in excess of the limit shall be subject to the following exit load:2.00% if the investment is redeemed on or before 365 days from the date of allotment of units. 1.00% if the investment is redeemed after 365 days but on or before 730 days from the date of allotment of units. No Exit Load will be charged if investment is redeemed after 730 days from the date of allotment of units. No exit load will be charged, in case of sw…
Minimum application: ₹1,000
Allotment date: 24 May 2013
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Regular plan | 1.31% | 2.19% |
| AUM, whole scheme (₹ crore) | 1,45,071 | 4,704 |
| Riskometer | Very High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | -4.1% | -2.0% TRI |
| Return, 3 years (AMFI) | 11.5% | 9.5% TRI |
| Return, 5 years (AMFI) | 10.3% | 9.0% TRI |
| Month-ends above category median (3Y CAGR) | 88% | 48% median |
| Month-ends in category top quartile (3Y) | 64% | 18% median |
| 7Y rolling CAGR, median (monthly windows) | 18.3% | 13.6% median |
Official benchmark: Nifty 500 TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Flexi Cap Regular plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Nifty 500 proxy | Difference |
|---|---|---|---|
| 2026 YTD | -7.7% | -7.8% | +0.1% |
| 2025 | 7.8% | 7.7% | +0.2% |
| 2024 | 23.9% | 15.6% | +8.3% |
| 2023 | 36.6% | 26.5% | +10.0% |
| 2022 | -7.2% | 3.8% | −11.0% |
| 2021 | 45.5% | 30.6% | +14.9% |
| 2020 | 32.3% | 17.2% | +15.1% |
| 2019 | 14.4% | n/a | – |
| 2018 | -0.4% | n/a | – |
| 2017 | 29.4% | n/a | – |
Benchmark proxy: Motilal Oswal Nifty 500 Index Fund (Direct plan NAV, price return), which carries its own costs. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,14,890 | -7.8% |
| 3 years | ₹3,60,000 | ₹3,74,637 | 2.6% |
| 5 years | ₹6,00,000 | ₹7,62,466 | 9.5% |
| 10 years | ₹12,00,000 | ₹26,91,165 | 15.4% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
AMC: PPFAS Mutual Fund
Category: Flexi Cap
Plan / option: Regular · Growth
AMFI scheme code: 122640
ISIN: INF879O01019
First NAV in MFIC data: 28 May 2013
History: 13.3 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| Motilal Oswal Large Cap Fund | Large Cap | 0.95 | n/a |
| Motilal Oswal Large Cap Fund | Large Cap | 0.95 | n/a |
| Bandhan Business Cycle Fund | Sectoral/Thematic | 0.93 | n/a |
| Parag Parikh ELSS Tax Saver Fund | ELSS | 0.92 | 6.5% |
| Bajaj Finserv Large & Mid Cap Fund | Large & Mid Cap | 0.92 | n/a |
| WhiteOak Capital ESG Best-In-Class Strategy Fund | Sectoral/Thematic | 0.92 | n/a |
Questions about Parag Parikh Flexi Cap Fund
- What is the latest NAV of Parag Parikh Flexi Cap Fund?
- The NAV of the Regular plan (growth option) was ₹80.3771 on 1 Oct 2026, as published by AMFI.
- Which category is Parag Parikh Flexi Cap Fund in?
- It is classified as Flexi Cap in AMFI's daily NAV file; a Flexi Cap scheme invests at least 65% in equities without fixed limits across company sizes. MFIC compares it with 46 Flexi Cap schemes (Regular plans).
- What returns has Parag Parikh Flexi Cap Fund delivered?
- Over one year the NAV changed by -5.2%. The 3-year CAGR is 11.2% (category median 9.7%) and the 5-year CAGR is 10.3% (category median 8.7%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 18.2%, the lowest was 0.1%, and 100% of 3-year periods ended with a gain. It was ahead of Nifty 500 (index-fund proxy) in 97% of those periods.
- What was the largest fall in Parag Parikh Flexi Cap Fund's NAV?
- The largest peak-to-trough fall in its available history was 31.3%; within the last five years it was 18.4% (category median 20.5%).
- How volatile is Parag Parikh Flexi Cap Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 10.1%, which is below the Flexi Cap category median of 15.6%.
- What would a monthly SIP in Parag Parikh Flexi Cap Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 5 years (60 instalments, ₹6,00,000 invested) would have been worth about ₹7,62,466 on 1 Oct 2026, an annualised return (XIRR) of 9.5%. This uses the Regular plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of Parag Parikh Flexi Cap Fund?
- The total expense ratio of the Regular plan is 1.31% a year, as disclosed to AMFI (median of Flexi Cap Regular plans: 2.19%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is Parag Parikh Flexi Cap Fund?
- Assets under management of the whole scheme were ₹1,45,071 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of Parag Parikh Flexi Cap Fund?
- AMFI lists the scheme's riskometer as “Very High”, and its benchmark's as “Very High”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of Parag Parikh Flexi Cap Fund and how has it compared?
- Its official benchmark is the Nifty 500 TRI. Over 3 years AMFI reports a return of 11.5% for this plan against 9.5% for the benchmark total return index; over 5 years 10.3% against 9.0%. Past performance does not indicate future results.
- How often has Parag Parikh Flexi Cap Fund beaten its category?
- At 88% of the 120 month-ends compared over the last 10 years, its 3-year return was above the median of Flexi Cap schemes (Regular plans); it was in the top quarter at 64% of them. A typical scheme would show about 50%.
- Who manages Parag Parikh Flexi Cap Fund?
- According to its Scheme Summary Document, Parag Parikh Flexi Cap Fund is managed by Rajeev Thakkar (since 24 May 2013), Rukun Tarachandani (since 16 May 2022), Raj Mehta (since 1 Sep 2025), Raunak Onkar (since 24 May 2013), Tejas Soman (since 1 Sep 2025), Mansi Kariya (since 22 Dec 2023), Aishwarya Dhar (since 1 Sep 2025).
- What is the exit load of Parag Parikh Flexi Cap Fund?
- As stated in its scheme documents: In respect of each purchase / switch-in of Units, 10% of the units (the limit) may be redeemed without any exit load from the date of allotment.Any redemption or switch-out in excess of the limit shall be subject to the following exit load:2.00% if the investment is redeemed on or before 365 days from the date of allotment of units. 1.00% if the investment is redeemed after 365 days but on or before 730 days from the date of allotment of units. No Exit Load will be charged if investment is redeemed after 730 days from the date of allotment of units. No exit load will be charged, in case of sw… Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in Parag Parikh Flexi Cap Fund?
- The minimum application amount is ₹1,000. SIP details: SIP - Monthly: 1000 /Quarterly : 3000, SWP - Monthly : 1000, STP -Daily/Weekly/Monthly: 1000 Fortnightly:1500 /Quarterly : 3000.
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by -4.6% and the Regular plan's by -5.2%. The Regular plan includes the services of a distributor.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Regular plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.