Mutual fund · Flexi Cap· NAV-verified
Parag Parikh Flexi Cap Fund
₹1,45,070 cr across 57 positions, as filed for 2026-09-30. Returns are the fund's AMFI growth-plan NAV; holdings and behavior come from its filed monthly portfolios.
Returns, against the category
Q2 FY27: −4% over 1 year against the median Flexi Cap fund's +1%.
| Over | Quarter | 1 year | 3 years (ann.) | 5 years (ann.) |
|---|---|---|---|---|
| Parag Parikh Flexi Cap Fund | −1% | −4% | +11% | +10% |
| Median Flexi Cap fund | −2% | +1% | +10% | +9% |
+37%Q3 FY24+40%Q4 FY24+36%Q1 FY25+40%Q2 FY25+24%Q3 FY25+14%Q4 FY25+13%Q1 FY26+3%Q2 FY26+8%Q3 FY26−1%Q4 FY26−4%Q1 FY27−4%Q2 FY27
What moved the fund, last 12 filed months
Contribution = the fund's filed weight each month × that stock's price move in its own filings, in percentage points of NAV. Corporate-action months are left out.
| Stock | 12 months | Latest month |
|---|---|---|
| Alphabet Inc A | +2.2 pp | +0.1 pp |
| Coal India Limited | +0.7 pp | +0.3 pp |
| Kotak Mahindra Bank Limited | +0.7 pp | −0.0 pp |
| Axis Bank Limited | +0.5 pp | −0.2 pp |
| Amazon Com Inc | +0.4 pp | −0.1 pp |
| Stock | 12 months | Latest month |
|---|---|---|
| HDFC Bank Limited | −2.1 pp | −0.0 pp |
| ITC Limited | −2.0 pp | +0.1 pp |
| Infosys Limited | −1.0 pp | −0.4 pp |
| Tata Consultancy Services Limited | −0.9 pp | −0.4 pp |
| Bajaj Holdings & Investment Limited | −0.8 pp | −0.4 pp |
Holdings, as filed for 2026-09-30
| Holding | Sector | % of fund | Value | Held for | Vs avg cost |
|---|---|---|---|---|---|
| HDFC Bank | Financial Services | 7.75% | ₹11,249 cr | 39 mo | -13% |
| Power Grid Corporation of India Limited | Power | 5.60% | ₹8,128 cr | 59 mo | +5% |
| ITC Limited | Fast Moving Consumer Goods | 5.49% | ₹7,970 cr | 79 mo | -18% |
| Coal India | Oil, Gas & Consumable Fuels | 5.39% | ₹7,823 cr | 53 mo | +20% |
| ICICI Bank | Financial Services | 5.24% | ₹7,602 cr | 86 mo | +27% |
| Bajaj Holdings & Investment Limited | Financial Services | 4.96% | ₹7,190 cr | 86 mo | +72% |
| Kotak Mahindra Bank Limited | Financial Services | 4.44% | ₹6,447 cr | 35 mo | +14% |
| HCL Technologies Limited | Information Technology | 3.96% | ₹5,740 cr | 69 mo | +2% |
| M & M | Automobile and Auto Components | 3.89% | ₹5,641 cr | 31 mo | -3% |
| Infosys | Information Technology | 2.93% | ₹4,249 cr | 42 mo | -25% |
| Bharti Airtel Limited | Telecommunication | 2.91% | ₹4,222 cr | 29 mo | -8% |
| Axis Bank | Financial Services | 2.85% | ₹4,128 cr | 86 mo | +46% |
| Tata Consultancy Services Limited | Information Technology | 2.50% | ₹3,630 cr | 20 mo | -26% |
| DLF Limited | Realty | 2.45% | ₹3,557 cr | 5 mo | -0% |
| Maruti Suzuki India Limited | Automobile and Auto Components | 2.40% | ₹3,487 cr | 46 mo | +15% |
How this fund actually behaves
Computed from every filed monthly portfolio (86 months of filings) by the research pipeline.
| Holding patience | Median months a position is held (25th–75th band) | 10 mo (5–17) |
| Win rate on exits | Closed positions sold above entry, and the payoff ratio (95 exits) | 68% · payoff 3.9× |
| Loser handling | Cuts losers vs averages down, from 12 months of filings | Averages down |
| Entry valuation discipline | Median P/E paid on entries over 36 months; share above 50× | 31× · 30% over 50× |
| Portfolio valuation today | Weighted P/E and P/B of the current book at filed prices | 22.2× P/E · 4.1× P/B · 1% loss-makers |
| Churn | Stocks entered and exited in 12 months, of 57 positions | 33 in · 61 out |
| Concentration | Top 10 holdings' share; effective number of positions | 50% · ~18 effective |