Parag Parikh Mutual Fund · Direct Growth · SEBI Category: Flexi Cap
Parag Parikh Flexi Cap Fund is India's largest flexi cap fund by AUM with over Rs.1.25 lakh crore in assets. It is unique among Indian flexi cap funds in that it regularly invests up to 35% of its assets in global stocks — primarily US-listed companies like Alphabet, Meta and other quality compounders. This international diversification is a deliberate strategy by fund manager Rajeev Thakkar, who has run the fund since its inception in May 2013 with an unchanged value-oriented philosophy.
The fund's domestic equity portion follows a stringent quality and valuation framework — it buys companies only when they trade at prices below their intrinsic value. This conservative approach combined with international diversification has historically resulted in a lower correlation with Indian equity indices, providing genuine diversification to investors who hold other India-only equity funds.
Rajeev Thakkar is CIO and the primary fund manager of Parag Parikh Flexi Cap Fund, supported by Raj Mehta and Rukun Tarachandani. Thakkar is one of India's most respected value investors, known for his patient, conviction-based approach and willingness to hold cash when opportunities are scarce. He has been managing this fund since its inception and is closely associated with its identity.
For current co-manager details and full biography, refer to the latest Parag Parikh Mutual Fund factsheet on AMFI or the AMC website.
Informational points to help you form your own view — not judgements or recommendations.
Live data. Current fund highlighted. Click any fund name for full analysis.
| Fund | NAV | AAUM | 1Y Return | 3Y CAGR | 5Y CAGR | Sharpe (3Y) |
|---|---|---|---|---|---|---|
| Parag Parikh Flexi Cap Fund ▲ | ₹89.66 | ₹1.33 L Cr Jan–Mar 2026 | -0.2% | +15.5% p.a. | +15.6% p.a. | 1.08 |
| HDFC Flexi Cap Fund | ₹2,118.50 | ₹95.5K Cr Jan–Mar 2026 | -0.3% | +17.8% p.a. | +17.7% p.a. | 1.08 |
| Kotak Flexicap Fund | ₹93.90 | ₹54.7K Cr Jan–Mar 2026 | 0.0% | +14.4% p.a. | +12.7% p.a. | 0.64 |
| SBI Flexicap Fund | ₹117.48 | ₹21.8K Cr Jan–Mar 2026 | -0.3% | +10.0% p.a. | +10.0% p.a. | 0.35 |
| Axis Flexi Cap Fund | ₹28.89 | ₹12.5K Cr Jan–Mar 2026 | -0.6% | +13.3% p.a. | +10.4% p.a. | 0.55 |
Calculated from 2,565 daily NAV records in RightAdvise DB. Last calculated: Jun 2026.
1M / 3M / 6M / 1Y — simple point-to-point return · 3Y / 5Y / 10Y — CAGR (compounded annual growth rate)
Based on all rolling windows in full NAV history. Dates show the start and end of each period.
Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.
Rolling returns show performance across every possible investment start date — not one cherry-picked number. Learn more →
How much the fund fell from its peak NAV — what investors actually experience during crashes. Calculated from full NAV history.
Calculated from actual NAV data. "Pre-inception" means the fund didn't exist during that period.
Calculated from 3 years of daily NAV — industry standard. Risk-free rate: 6.5% p.a. Last updated: Jun 2026. What do these mean? →
Our portfolio holdings page shows every stock the fund owns, sector allocation, and month-over-month changes — from official AMC disclosures.
See how Parag Parikh Flexi Cap Fund ranks against other Flexi Cap funds on returns, drawdown, Sharpe ratio and AAUM — side by side.
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