Mutual Funds Research

Parag Parikh Flexi Cap Fund: Key Facts

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(A) About

Parag Parikh Flexi Cap Fund is a diversified equity scheme. Its investment universe is not restricted by any self-imposed limitations in terms of sector, market capitalization, geography, etc.

However, an average of 65% of its corpus will be invested in listed Indian equities, in order to benefit from the favorable Capital Gains tax treatment accorded to such schemes.

The domestic portion of Parag Parikh Flexi Cap Fund will be managed by Mr. Rajeev Thakkar, while Mr Raunak Onkar manages the foreign investment component. Mr Raj Mehta is responsible for the 'fixed income' investment component.

Fund HousePPFAS Mutual Fund
CategoryEquity : Flexi cap
Asset Class Equity
Launch Date 05/05/2013
StatusOpen Ended Schemes
Return (as on 31-08-2022)18.47%
Assets (as on 2-09-2021)25,996 Cr

(B) Returns Generated by Parag Parikh Flexi cap Fund

Parag parikh fund - Return

(C) Risk Measures of Parag Parikh Fund

Parag parikh fund - Risk

(D) Investment Details of Parag Parikh Fund

Parag parikh fund - Investment Details

(E) Portfolio of Parag Parikh Fund

Parag parikh fund - Top 10 holding

(F) Asset Allocation of Parag Parikh Fund

Parag parikh fund - Sectors
Parag parikh fund - Asset Allocation
Parag parikh fund - Portfolio Aggregates

(G) About Fund Managers

(i) Rajeev Thakkar - Chief Investment officer and Equity Fund Manager

  • Having commenced his career in 1994, he possesses wide-ranging experience in the field of financial services. These also include - Investment banking, managing fixed income portfolios, broking operations and Portfolio Management Services (PMS) operations.
  • He joined PPFAS Limited in 2001 and besides serving as a Fund Manager for its PMS, also earned the post of Chief Executive Officer, which he held until 2012.
  • He currently serves as Chief Investment Officer of PPFAS Mutual Fund.
  • Education Qualification
    • B. Com (Bombay University), Chartered Accountant, CFA Charter Holder and Grad ICWA.

(ii) Raunak Onkar - Dedicated Fund Manager for overseas investments

  • He manages the overseas investment of the scheme since it's inception ie. May 2013.
  • Also he has more than 10 years of experience in the capital market. Raunak started his career with Parag Parikh Financial Advisory Service Limited, following his internship, in the year 2009. Later joined PPFAS as a research analyst. He is working with the company as an Associate Fund Manager.
  • Educational Qualifications
    • Bsc. IT (Bombay University) and MMS- Finance (Bombay University).

(iii) Raj Mehta - Debt Fund Manager

  • Beginning his career as an intern with PPFAS Mutual Fund in 2012, Raj swiftly moved up the ranks, and is also currently part of the Fund Management team.
  • Further, apart from being a Commerce graduate from University of Mumbai (N.M. College), he is also a Fellow Member of Institute of Chartered Accountants of India (ICAI) and a CFA Charter Holder. He has also earned a Certificate for the 'NSE Debt Market Module' issued jointly by FIMMDA and NCFM.
  • Educational Qualifications
    • B.Com, M.Com (Mumbai University), Chartered Accountant, CFA Charter Holder.

(H) Is it good to invest?

These funds provide investors the dual advantage of not only investing in the best-performing companies but also the option to exit from unattractive firms. As if the fund manager observes that a particular market segment in which he had invested has turned out to be unattractive over time, then the fund manager can change the allocation to some other lucrative and alternative segment.

Market capitalization plays a crucial role while selecting firms to invest in by the mutual fund houses. One cannot always make a decision purely based on market capitalization as other factors such as a company’s growth potential, track record, associated risks, etc., also matter a lot. As these funds invest across the market cap segments, they offer both growth and value to investors at the same time, striking a balance between risk and volatility in a single portfolio.

(I) Suitable for?

  • Flexi-cap funds are generally suitable for investors who are willing to invest their money for a period of 5 or more years to meet their long term financial goal.
  • One can expect returns that beat the inflation rates and higher than that of the fixed income options.
  • Owing to its flexible nature, it attracts the attention of investors and emerged as the second largest equity mutual fund category after large cap funds.

(J) Tax Benefits of investing in this fund

Capital Gain:

  • If the mutual fund units sold after 1 year from the date of investment, gains up to Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh taxed at the rate of 10%.
  • Further, if fund units are sold within 1 year from the date of investment, the entire amount of gain is taxed at the rate of 15%.

No tax is paid if you continue to hold the fund.

Dividends:

Dividends are added to the investors' income and taxed according to their respective tax slabs. Further, if an investor’s dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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References:  valueresearchonline.com, Industry's Publications, News Publications, Mutual Fund Company.

Disclaimer: The report only represents personal opinions and views of the author. No part of the report should be considered as recommendation for buying/selling any stock. Thus, the report & references mentioned are only for the information of the readers about the industry stated.

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