Parag Parikh Flexi Cap Fund Growth Direct Plan

Parag Parikh Flexi Cap Fund – Growth – Direct Plan is a large-cap mutual fund scheme that invests predominantly in equity and equity-related instruments of large-cap companies. The fund aims to generate long-term wealth increments by following a disciplined investment approach and maintaining a varied index. The fund is ideal for investors looking for high returns over at least 3-4 years and willing to take very high risks.

Parag Parikh Flexi Cap Fund Direct-Growth scheme return performance in last 1 year is 20.25%, in last 3 years is 122.82% and 483.21% since scheme launch. The min. SIP amount to invest in this scheme is ₹1000.

Taxation

The fund is subject to a long-term capital gain tax of 10% if the funds are sold after one year from the investment date. The tax rate is applicable only if the total long-term capital gain exceeds INR 1 lakh in a financial year. Short-term capital gain tax is applicable at 15% if they are sold within one year from the investment date.

Holdings

The fund has 68.09% investment in domestic equities, of which 56.58% is in large-cap stocks, and 3.22% is in mid-cap stocks. The fund also has a 0.49% investment in debt instruments, of which 14.27% is in government securities. The top 10 holdings of the fund as of February 28, 2023, are:

• Housing Development Finance Coproration Ltd. – 7.95%
• ITC Limited – 7.68%
• Bajaj Holdings and Investments Ltd. – 8.38%
• ICICI Bank Ltd. – 5.93%
• Microsoft Corp – 5.36%
• Axis Bank Ltd. – 4.99%
• HCL Technologies Ltd. – 4.88%
• Alphabet Inc – 4.82%
• Powergrid Corporation of India Ltd. – 4.50%
• Coal India Ltd. – 4.40%

Investment Objective

The primary aim of Parag Parikh Flexi Cap Fund – Growth – Direct Plan is to generate long-term capital growth by investing in a diversified portfolio primarily made up of equity and equity-related securities of large-cap companies, including derivatives. Nevertheless, the fund is not guaranteed to achieve its investment objective.

Minimum Investment and lockin period

The minimum investment amount for Parag Parikh Flexi Cap Fund – Growth – Direct Plan is INR 500 for both lump sum and systematic investment plan (SIP) modes. The minimum additional investment amount is INR 100. The minimum withdrawal amount is INR 1,000. The scheme does not have any lock-in period. However, an exit load of 1% is applicable if the units are redeemed or switched out within one year from the date of allotment.

AMC Information

In order to assist its investors in achieving their long-term financial goals through careful fund management, PPFAS Mutual Fund was founded in 2012. The fund house has produced a sizable number of investor folios thanks to an excellent combination of clever product offers, an easy investing process, and effective communication. It provides mutual fund plans in the categories of equity, debt, and tax reduction. The fund company is committed to creating value for its investors by adhering to the principles of value investing and maintaining relatively extended holding periods.