Highest AUM Scheme: Parag Parikh Flexi Cap Fund: If we look at the preferences of the investors, then Parag Parikh Flexi Cap Fund can also be called the megastar of the Indian mutual fund industry. This is because the total amount of this equity schemeAsset under management (AUM) has reached Rs 81,571 crore.Hardly would investors have invested so much money in any other mutual fund scheme as they have invested in this one. That means this fund can be included in the most favorite mutual fund schemes of investors. Investment figures show thatHow strong is the trust of investors on this scheme. What is the reason for this confidence? The answer to this question lies in the performance of the scheme.
Excellent track record of returns
The main reason for the popularity of Parag Parikh Flexi Cap Fund is its excellent track record of returns, which has consistently outperformed its benchmark (NIFTY 500 TRI) and broader indices like Nifty 50 TRI. Analysis of data shows that any investor who has invested in this fund for 7 years or more since the launch of the scheme, would have got an average annual compounded return (CAGR) of more than 17%. For this reason, this fund has become one of the favorite schemes of investors. Value Research has also confirmed the quality of the scheme by giving it a 5 star rating.
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How much return did the scheme give on lump sum investment?
– Returns since launch (Direct Plan): 21.04%
– 10 Year Return (Direct Plan): 19.39%
– 5 Year Return (Direct Plan): 27.53%
– 3 Year Return (Direct Plan): 18.88%
– 1 Year Return (Direct Plan): 39.96%
Return on SIP investment in the scheme (Direct Plan)
SIP returns since launch: 21.6% (annulized)
– 10 year SIP return: 21.94% (annulized)
– 5 year SIP return: 27.67% (annulized)
– 3 Year SIP Return: 27.75% (Annualized)
– 1 year SIP return: 35.27% (annulized)
Current value of Rs 10 thousand SIP
Value of Rs 10,000 SIP in 5 years: Rs 11,86,387 (Investment Rs 6 lakh)
Value of Rs 10 thousand SIP in 10 years: Rs 38,22,373 (investment Rs 12 lakh)
10 thousand rupees SIP value since launch (in 11 years): Rs 46,95,757 (Investment Rs 13.2 lakh)
It is clear from the above figures that this fund has given excellent returns to its investors in every period since its launch.
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Fund’s investment strategy
The main objective of Parag Parikh Flexi Cap Fund is to achieve long term capital growth. It is a diversified equity scheme, in which 65% or more is always invested in India listed equities. Due to this investment strategy, investors get all the tax benefits applicable to any equity fund by investing in it. However, since it is an equity fund, there is more risk in it. That is why its risk level on the riskometer is ‘Very High’.
asset allocation
Parag Parikh Flexi Cap Fund had invested 82.41% in equity, 17.21% in debt and 0.38% in cash and cash equivalents till August 31, 2024. The share of large cap in its equity investment was 87.4%, mid cap was 12.05% and small cap was only 0.55%.
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Fund’s top holdings
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HDFC Bank: 7.98%
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Power Grid Corporation of India : 6.74%
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Bajaj Holdings & Investment : 6.64%
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ITC: 5.65%
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Coal India :5.59%
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ICICI Bank: 5.18%
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Maruti Suzuki India : 4.81%
minimum investment
– New Purchase: Rs 1,000
– Monthly SIP: Rs 1,000
– Quarterly SIP: Rs 3,000
exit load
– Exit load 2% on withdrawal of investment before 365 days
– Exit load 1% on withdrawal of investment between 365 to 730 days
– No exit load after 730 days.
Fund Managers: Rajeev Thakkar and Rukun Tarachandani (Domestic Equity Portfolio), Raunak Omkar (International Investments), Raj Mehta (Debt Investments).
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Who is this fund suitable for?
Parag Parikh Flexi Cap Fund is suitable for investors who intend to invest in equities with a diversified portfolio for a tenure of 5 years or more. This fund can give you better returns than fixed income assets while beating inflation on long-term investments. However, investors will have to be prepared to face the ups and downs in the market during this period.
(Disclaimer: The purpose of this article is only to provide information, not to advise investment in any fund. Investments made in equity mutual funds are directly affected by the ups and downs of the stock market. Any investment decision should be taken by your investment advisor. Do it only after taking the opinion of.)