Fundalysisby DARKHORSESTOCKS

Scheme

Parag Parikh Flexi Cap Fund

Holds 63 companies worth ₹1,32,978 Cr in Sept 2026.

  • Fund house

    PPFASThe fund house that runs this scheme.

  • AUM

    ₹1,45,071 CrParag Parikh Flexi Cap Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 1.6% on Aug 2026, ₹1,47,405 Cr.

  • Largest holding

    HDFC BankHDFC Bank is 7.8% of this scheme's NAV.

  • Fund manager

    Rajeev ThakkarRuns it since 24 May 2013, as the fund house dates it. With Raunak Onkar (fund manager), Raj Mehta (fund manager), Rukun Tarachandani (fund manager), Mansi Kariya (fund manager), Aishwarya Dhar (fund manager), Tejas Soman (fund manager).

Overview(8 Oct 2026)

Fund managers7

  1. Rajeev ThakkarFund manager, equity · May 2013 · 25y · CA CFA CMA B.Com
  2. Raunak OnkarFund manager, equity · May 2013 · 14y · MMS
  3. Raj MehtaFund manager, equity · Jan 2016 · 13y · CA CFA M.Com B.Com
  4. Rukun TarachandaniFund manager, equity · May 2022 · 11y · CFA B.Tech
  5. Mansi KariyaFund manager, debt · Dec 2023 · 18y · CFA B.Com
  6. Aishwarya DharFund manager, debt · Sept 2025 · 14y · MBA
  7. Tejas SomanFund manager, debt · Sept 2025 · 13y

    Key facts

    Benchmark
    NIFTY500(TRI)
    Risk
    Very High
    Expense
    Regular 1.31% · Direct 0.69%
    Exit load
    2% within 365 days
    Started
    24 May 2013
    Minimum
    ₹1,000

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

    What changed(41 changes)

    Oct 2026

    1 change
    1. Expense ratio
      8 OctRegular 1.3% → 1.31%

    Aug 2026

    3 changes

    Jun 2026

    9 changes

    Source.Its filings at NSE, since Jan 2025.

    Fund managers over time(May 2013 – now)

    1. Rajeev Thakkar
    2. Raunak Onkar
    3. Raj Mehta
    4. Rukun Tarachandani
    5. Mansi Kariya
    6. Aishwarya Dhar
    7. Tejas Soman
    MainCoSlice2014201620182020202220242026
    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 – Oct 2026)

    Every change to the expense ratio, newest first.
    40 changesRegularDirectΔ pt
    8 Oct 20261.31%0.69%0
    25 Aug 20261.30%0.69%0.01
    3 Aug 20261.29%0.68%0.01
    2 Aug 20261.30%0.69%0.07
    21 Jun 20261.24%0.62%0.03
    18 Jun 20261.24%0.65%0.02
    15 Jun 20261.22%0.63%0.01
    14 Jun 20261.21%0.62%0.12
    10 Jun 20261.33%0.74%0.05
    8 Jun 20261.28%0.69%0.07
    7 Jun 20261.21%0.62%0.35
    3 Jun 20261.56%0.97%0.28
    1 Jun 20261.28%0.69%0.07
    28 May 20261.21%0.62%0.20
    26 May 20261.41%0.82%0.17
    25 May 20261.24%0.65%0.03
    24 May 20261.21%0.62%0.06
    21 May 20261.27%0.68%0.08
    20 May 20261.35%0.76%0.03
    19 May 20261.32%0.73%0.02
    18 May 20261.30%0.71%0.03
    17 May 20261.27%0.68%0.01
    13 May 20261.28%0.69%0.03
    11 May 20261.31%0.72%0.02
    7 May 20261.33%0.74%0.01
    6 May 20261.34%0.75%0.04
    4 May 20261.38%0.79%0.02
    3 May 20261.36%0.77%0.27
    28 Apr 20261.63%1.04%0.25
    23 Apr 20261.38%0.79%0.05
    22 Apr 20261.43%0.84%0.13
    20 Apr 20261.30%0.71%0.03
    15 Apr 20261.33%0.74%0.12
    14 Apr 20261.21%0.62%0.20
    8 Apr 20261.41%0.82%0.13
    5 Apr 20261.28%0.69%0.07
    29 Mar 20261.27%0.62%0.01
    24 May 20251.28%0.63%0.01
    2 Apr 20251.27%0.62%0.01
    14 Jan 20251.33%0.63%–
    Direct plan, 8 Oct 2026
    0.69%
    Regular plan 1.31% · Exit load 2% within 365 days
    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 Oct 2026)

    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.

    Risk, type and benchmark

    Riskometer
    Very High
    At launch
    Very High
    Type
    An open-ended dynamic equity scheme investing across large cap, mid cap, small cap stocks.
    Benchmark
    NIFTY500(TRI)

    Asset allocation it may hold% of NAV

    1. Equity and equity related instruments
      Allowed65–100%Holds91.7%
    2. Money Market Instruments and Other liquid instruments, Gold and Silver ETFs and Units issued by InvITs
      Allowed0–35%
    3. Foreign Equity and equity related instruments including Overseas Mutual Funds/ Overseas ETFs
      Allowed0–35%

    Holds in Sept 2026.91.7% equity · 8.3% debt and cash

    How to invest(8 Oct 2026)

    Buying

    To start
    ₹1,000, then in multiples of ₹1
    To add
    ₹1,000, then in multiples of ₹1
    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 every month (incase the date selected falls on a non-business day, the transaction will be eff ected on the nextbusiness of the scheme.); STP - Any date/day (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 - 1, SWP - 1, STP - 1
    Instalments
    SIP - Monthly - 6; Quarterly - 4, SWP - Monthly - 12, STP - Daily/ Weekly/Monthly-6; Fortnightly / Quarterly - 4

    Selling and switching

    To redeem
    ₹1,000
    Switch minimum
    Minimum Switch in - Rs. 1000 and in multiples of Re. 1 thereafter Minimum Switch Out -Rs. 1000 and in multiples of Re. 1 thereafter or Nil (No such requirement for switch in/switch out unit as per Scheme Information Document (SID) of the scheme) units
    Switch multiples
    ₹1

    Scheme details(8 Oct 2026)

    What it is

    Category
    Flexi Cap Fund
    Offer
    13 May 2013 to 21 May 2013
    Started
    24 May 2013
    Reopened
    28 May 2013
    Plans
    Regular Plan - Growth Option · Direct Plan - Growth Option · Regular Plan - Payout of IDCW Option · Direct Plan - Payout of IDCW Option · Regular Plan - Reinvestment of IDCW Option · Direct Plan - 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/E /FCF/13/04/0001