Parag Parikh Flexi Cap Fund Direct Growth NAV at ₹89.3946 on 9 September; Top Five Holdings at 29.74%

Key Takeaways

• Parag Parikh Flexi Cap Fund Direct Growth recorded an NAV of ₹89.3946 on 9 September 2026, representing a one-day decline of approximately 0.69%.
• The scheme managed assets of approximately ₹1,48,429 crore, while the Direct Growth expense ratio stood at 0.69%.
• HDFC Bank, Power Grid Corporation, ITC, ICICI Bank and Coal India together accounted for 29.74% of the disclosed portfolio.
• The reported risk statistics included a beta of 0.62, standard deviation of 2.94, alpha of 3.61 and Sharpe ratio of 0.83.

Parag Parikh Flexi Cap Fund Direct Growth moved to an NAV of ₹89.3946 on 9 September 2026, down approximately 0.69% from the preceding valuation. The scheme belongs to the flexi-cap category, giving the portfolio freedom to invest across large-, mid- and small-cap companies rather than maintaining a predetermined allocation to each segment.

Scale remains one of the fund's most notable numerical features. Assets under management stood at approximately ₹1,48,429 crore. The Direct Growth expense ratio was 0.69%, while both the minimum SIP and minimum lump-sum investment were ₹1,000.

The portfolio's five largest disclosed holdings were HDFC Bank at 7.55%, Power Grid Corporation at 5.98%, ITC at 5.74%, ICICI Bank at 5.56% and Coal India at 4.91%. Together, these positions accounted for 29.74% of the portfolio. More than 70% was consequently spread across other securities and portfolio components. The mix also shows that the largest positions were distributed across financials, utilities, consumer businesses and energy rather than concentrated in a single industry.

Historical risk statistics provide another view of the portfolio. Beta stood at 0.62 and standard deviation at 2.94. Alpha was 3.61, with a Sharpe ratio of 0.83. Each measures a different part of past portfolio behaviour, and none establishes how the NAV will move in subsequent periods.

The scheme's exit-load structure is more graduated than that of many equity funds. Up to 10% of units can be redeemed without an exit load under the stated conditions. Applicable excess units attract a 2% load within 365 days and 1% after 365 days but within 730 days, with no exit load thereafter.