Fund Return Policy
The Parag Parikh Flexi Cap Fund – Direct Plan was launched in September 2013 and has given average annual compounded returns of 38.66% since inception. The AUM of the fund is Rs 75956.22 crore as on July 31, 2024 The average Revised Interstate Council( RIC) fund is 10103.65 crore. The fundDirect plan for this fund has an expense ratio of 0.63% as of August 21, 2024. As at present, the NAV for Growth option is Rs. 86.21. The minimum amount of investment that can be made is Rs 1000, while for investing in the SIP you need Rs. 1000 besides the initial investment.
It has described a figure of average annualised rates of return around 19.41% and 27.49% in the last three and five year periods respectively. The fund resides under the PPFAS Mutual Funds Equity group. No exit load for redemption or swapping units within one year from the allotted date Free of charge swapping; no exit load for other redemptions within 365 days but at a 1% charge for any redemptions within 365-730 days.
The fund has an open-ended investment plan that means investors can redeem units at any time while they also have to bear any exit loads if any. It provides capital to a variety of financial assets, which includes cash and cash equivalents, debt and equity. Most of the equities mainly include stocks which are linked to the securities in the fund.
For the past three and five years, the fund managed a CAGR of 19.31% and 27.81% respectively.
Risk management for security
PPFAS Mutual Fund launched in 2012 focuses on banking, services, IT, consumer goods, automobile industries, while the maximum 10% of its fund is invested in any stock.
There are some managers, namely, Raunak Onkar, Rajeev Thakkar.
