Fundalysisby DARKHORSESTOCKS

Scheme

Parag Parikh Dynamic Asset Allocation Fund

Holds 29 companies worth ₹915 Cr in Sept 2026.

  • Fund house

    PPFASThe fund house that runs this scheme.

  • AUM

    ₹2,533 CrParag Parikh Dynamic Asset Allocation Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 1.6% on Aug 2026, ₹2,575 Cr.

  • Largest holding

    Brookfield India Real Estate TrustBrookfield India Real Estate Trust is 5.6% of this scheme's NAV.

  • Fund manager

    Mansi KariyaRuns it since 27 Feb 2024, as the fund house dates it. With Raj Mehta (fund manager), Rajeev Thakkar (fund manager), Raunak Onkar (fund manager), Rukun Tarachandani (fund manager), Tejas Soman (fund manager).

Overview(8 Sept 2026)

Fund managers6

  1. Mansi KariyaFund manager, debt · Feb 2024 · 18y · CFA B.Com
  2. Raj MehtaFund manager, equity · Feb 2024 · 13y · CA CFA M.Com B.Com
  3. Rajeev ThakkarFund manager · Feb 2024 · 25y · CA CFA CMA B.Com
  4. Raunak OnkarFund manager · Feb 2024 · 14y · MMS
  5. Rukun TarachandaniFund manager, equity · Feb 2024 · 11y · CFA B.Tech
  6. Tejas SomanFund manager · Sept 2025 · 13y

    Key facts

    Benchmark
    CRISIL Hybrid 50+50 Moderate Index
    Risk
    Moderately High
    Expense
    Regular 0.76% · Direct 0.41%
    Exit load
    1% within 1 year
    Started
    27 Feb 2024
    Minimum
    ₹5,000

    Source.Its Scheme Summary Document as of 8 Sept 2026 at AMFI.

    What changed(24 changes)

    Sept 2026

    1 change
    1. Expense ratio
      8 SeptRegular 0.75% → 0.76%Direct 0.4% → 0.41%

    Aug 2026

    1 change
    1. Expense ratio
      3 AugRegular 0.62% → 0.75%Direct 0.27% → 0.4%

    Jun 2026

    2 changes

    Source.Its filings at NSE, since Jan 2025.

    Fund managers over time(Feb 2024 – now)

    1. Mansi Kariya
    2. Raj Mehta
    3. Rajeev Thakkar
    4. Raunak Onkar
    5. Rukun Tarachandani
    6. Tejas Soman
    MainCoSlice20252026
    Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

    Costs(Jan 2025 – Sept 2026)

    Every change to the expense ratio, newest first.
    23 changesRegularDirectΔ pt
    8 Sept 20260.76%0.41%0.01
    3 Aug 20260.75%0.40%0.13
    21 Jun 20260.62%0.27%0.01
    18 Jun 20260.62%0.28%0.01
    28 May 20260.61%0.27%0
    26 May 20260.62%0.27%0.13
    25 May 20260.74%0.40%0.13
    24 May 20260.61%0.27%0.92
    21 May 20261.54%1.19%0.58
    20 May 20260.95%0.61%0.21
    19 May 20261.17%0.82%0.11
    18 May 20261.06%0.71%0.44
    3 May 20260.61%0.27%0.60
    28 Apr 20261.21%0.87%0.43
    27 Apr 20260.78%0.44%0.17
    26 Apr 20260.61%0.27%0.93
    23 Apr 20261.54%1.20%0.10
    22 Apr 20261.45%1.10%0.47
    20 Apr 20260.97%0.63%0.35
    15 Apr 20260.63%0.28%0.01
    6 Apr 20260.61%0.27%0.07
    18 Mar 20260.64%0.34%0.01
    14 Jan 20250.63%0.33%–
    Direct plan, 8 Sept 2026
    0.41%
    Regular plan 0.76% · Exit load 1% within 1 year
    Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

    Objective and risk(8 Sept 2026)

    Objective

    The investment objective of the Scheme is to generate income/long-term capital appreciation by investing in equity, equity derivatives, fixed income instruments. The allocation between equity instruments and fixed income will be managed dynamically so as to provide investors with long term capital appreciation while managing downside risk. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns.

    Risk, type and benchmark

    Riskometer
    Moderately High
    At launch
    Moderate
    Type
    An open ended dynamic asset allocation fund investing in debt and equity instruments only
    Benchmark
    CRISIL Hybrid 50+50 Moderate Index

    Asset allocation it may hold% of NAV

    1. Equities & Equity related instruments
      Allowed0–100%Holds36.1%
    2. Risk Profile - Very High Debt securities & Money Market instruments including units of Debt oriented mutual fund schemes
      Allowed0–100%

    Holds in Sept 2026.36.1% equity · 63.9% debt and cash

    How to invest(8 Sept 2026)

    Buying

    To start
    ₹5,000, then any amount thereafter
    To add
    ₹500, then any amount thereafter
    Systematic
    SIP - Monthly/Quarterly, SWP - Monthly, STP -Daily/Weekly/Fortnightly/Monthly/Quarterly
    Dates
    SIP - Any date within Month or Quarter (up to a maximum of 6 dates per application); SWP - 1st, 5th,10th, 15th, 20th and 25th of the month; STP - Daily- On all days between Monday to Friday, Weekly-Any day of the week, Fortnightly-Any date within 15 days, Monthly-- Any date within Month (up to a maximum of 6 dates per application) and Quarterly-Any date within Quarter (up to a maximum of 6 dates per application). (Please refer Scheme Information Document of the scheme for more details)
    Minimum
    SIP - Monthly: 1000 /Quarterly : 3000, SWP - Monthly : 1000, STP -Daily/Weekly/Monthly: 1000 Fortnightly:1500 /Quarterly : 3000, then sIP - Any amount thereafter, SWP - Any amount thereafter, STP - Any amount thereafter
    Instalments
    SIP - Monthly - 6; Quarterly - 4, SWP - Monthly - 12, STP - Daily/ Weekly/Monthly-6; Fortnightly / Quarterly - 4

    Selling and switching

    To redeem
    Re.1 or 1 unit in respect of each option or 1 Unit units
    Switch minimum
    Minimum amount for fresh investments through switch in- Rs. 5000 and Any amount thereafter & additional investment through switch in - Rs. 500 and any amount thereafter. Minimum Switch Out - Rs. 500 and Any amount thereafter in respect of each option. or Minimum Switch in: Nil (No such requirement for switch in unit as per Scheme Information Document (SID) of the scheme) Minimum Switch out : NA units
    Switch multiples
    Any amount thereafter

    Scheme details(8 Sept 2026)

    What it is

    Category
    Dynamic Asset Allocation Fund
    Offer
    20 Feb 2024 to 22 Feb 2024
    Started
    27 Feb 2024
    Reopened
    28 Feb 2024
    Plans
    Regular Plan - Growth Option · Direct Plan - Growth Option · Regular Plan - Monthly Payout of IDCW Option · Direct Plan - Monthly Payout of IDCW Option · Regular Plan - Monthly Reinvestment of IDCW Option · Direct Plan - Monthly Reinvestment of IDCW Option.
    Face value
    ₹10
    Listed
    No

    How it is run

    Swing pricing
    No
    Side-pocketing
    No
    Custodian
    Deutsche Bank AG
    Auditor
    M. M. Nissim & Co. LLP (Statutory Auditor)
    Registrar
    Computer Age Management Services Limited (CAMS)
    SEBI code
    PPFA/O/H/DAA/24/01/0006