Parag Parikh Flexi Cap Regular Growth

Diversified

Equity

India Super Value

Others

Aggressive growth Investor Profile

Investor Profile

1–7 yearsInvestment Horizon

HNI, UHNI, Retail Investor, Mass AffluentTarget Segments

SEBI registered equity mutual fund suitable for all investor categoriesRegulatory Fit

Parag Parikh Flexi Cap Fund invests across all company sizes in India for flexible growth.

What This Strategy Does

Parag Parikh Flexi Cap Reg Gr is an equity flexi-cap fund which captures India's ₹200 trillion consumption and digital economy opportunity through a multi-cap portfolio construction approach, deploying capital across financials, technology, and consumer sectors to achieve broad-based earnings growth.

CW Expert Research Notes

Resilient Downside Protection

The fund has demonstrated consistent downside protection across market cycles, outperforming its benchmark in 8 out of the past 12 years.

Differentiated Portfolio Construction

The fund's differentiated portfolio construction, with a bias towards large-cap stocks and overweight positions in the technology and financial services sectors, sets it apart from peers.

Earnings Delivery Catalyst

The fund's exposure to companies with strong earnings delivery potential, driven by structural trends in sectors like technology and financial services, could act as a catalyst for outperformance.

Performance and Risk Analysis

Historical returns, volatility patterns, and how this fund has performed relative to its benchmark.

Fund Performance

-1.0% AnnuallyAlpha

+15.6% vs +9.9% benchmarkSince Inception

+11.9% vs +6.3% benchmark3Y Annualized

+11.0% vs +6.5% benchmark5Y Annualized

Parag Parikh Flexi Cap Regular Growth

Benchmark Index

Benchmark Performance Comparison

Parag Parikh Flexi Cap Fund

NIFTY 50

Risk Profile

Standard Deviation11.6%

Maximum Drawdown-10.1% | Jan 2026

Sharpe Ratio-0.10

Beta0.62

Upside Capture76%

Detailed Risks

Market Risk

Potential global recession triggered by aggressive monetary tightening could undermine Indian economic growth, impacting fund's domestic exposure.

Liquidity Risk

Fund's significant mid-cap tilt could face liquidity strain during periods of heightened volatility, hindering rebalancing.

Concentration Risk

Concentrated exposure to Indian financials like HDFC Bank faces asset quality risks from rising rates and economic slowdown.

Specific Strategy Risk

Regulatory changes to India's foreign investment rules could disrupt fund's ability to access domestic opportunities.

Strategy Details

A closer look at the investment thesis, portfolio construction, and current holdings.

Core Investment Theme

Delivers flexibility that matters during market transitions. By investing across capitalizations without constraints, this approach allows fund managers to rotate capital toward the best risk-reward opportunities—whether that's defensiveness in large caps during uncertainty or growth capture in smaller companies during expansions. The impact is adaptability that can smooth portfolio returns across varying market conditions. Suitable for investors seeking a dynamic, all-cap strategy.

Broader Market View

Market Outlook

Equity markets appear to be in the early stages of a recovery phase, offering an attractive entry point as consumption and earnings normalize. Sectors geared towards domestic demand such as consumer, financials and industrials stand to benefit from this environment, although margin pressures and cyclicality pose risks.

Why This Strategy is Attractive Now

This strategy appears well-positioned for the current market landscape with exposure across consumer cyclicals, defensives, financials and technology. The portfolio's diversification across around 70 holdings, including market leaders, coupled with a moderate risk profile, aligns it with the normalization theme while providing flexibility.

Investment Style & Process

Investment Style

The portfolio exhibits characteristics of a Quality Growth strategy, emphasizing companies with durable competitive advantages, consistent earnings growth, and reasonable valuations across large and mid-cap market segments.

Why it Makes Sense

A Quality Growth approach can provide exposure to secular growth trends while moderating valuation risk, an appealing balance amid economic normalization and elevated market volatility.

High-Level Investment Process

Sourcing: The strategy appears to favor companies with sustainable competitive advantages, pricing power, and high returns on capital, identified through fundamental research and quantitative screening. Selection: The process suggests a preference for businesses capable of compounding earnings at an attractive rate relative to their valuations, emphasizing quality characteristics like high margins and low leverage. Construction: Portfolio construction is consistent with managing exposures across sectors while allowing high-conviction ideas to establish meaningful weights, indicating an emphasis on diversification and risk management.

Portfolio Holdings Overview

SectoralAllocation

Utilities8.79%

Consumers17.91%

Financial Services29.92%

Capital Goods1.09%

Energy & Infra12.06%

Technology13.26%

Services16.96%

Geographic Allocation

Domestic86.08713%

International13.91287%

Top Stock Holdings

CompanySectorAllocation

HDFC Bank LtdFinancial Services7.94%

Power Grid Corp Of India LtdUtilities6.99%

Coal India LtdEnergy & Infra5.95%

ITC LtdConsumers5.43%

ICICI Bank LtdFinancial Services4.92%

Alphabet Inc Class AServices4.90%

Bajaj Holdings and Investment LtdFinancial Services4.41%

Trp_040526Utilities4.27%

Kotak Mahindra Bank LtdFinancial Services4.03%

Mahindra & Mahindra LtdConsumers3.52%

Operational & Regulatory Details

What it costs to invest, transaction mechanics, and regulatory disclosures you should know.

Costs and Fees

Total Expense Ratio (TER)1.27%

Exit Load2

Regulatory & Tax Information

INF879O01019

ISIN

DailyDealing Frequency

BSE 500 India TR INRBenchmark

LTCG | >1Year 12.5%% on gain above 1.25 Lakh

STCG | <1Year 20%%

Tax Implications (India)