Parag Parikh Flexi Cap Fund Direct Growth NAV Edges Lower to ₹89.31 on 15 September; 3-Year CAGR at 11.98%

Key Takeaways

• Parag Parikh Flexi Cap Fund Direct Growth NAV declined 0.29% to ₹89.31 on 15 September 2026.
• Its one-year return stood at -4.04%, compared with an 11.98% three-year CAGR and an 11.61% five-year CAGR.
• The scheme managed approximately ₹147,405 crore and carried a Direct Growth expense ratio of 0.69%.
• HDFC Bank, ICICI Bank, Power Grid Corporation, ITC and Bajaj Holdings together represented 29.28% of the disclosed portfolio.

Parag Parikh Flexi Cap Fund Direct Growth NAV stood at ₹89.31 on 15 September 2026 after edging 0.29% lower for the day. The latest one-year return was -4.04%. Extend the measurement period to three years and the historical picture changes considerably, with the annualised return coming in at 11.98%.

Across five years, the scheme recorded a CAGR of 11.61%. That was 0.37 percentage points below the three-year figure. The contrast with the one-year return was much wider, reflecting the different starting NAVs captured by each trailing period rather than a consistent annual rate of return.

Fund size stood at approximately ₹147,405 crore and the Direct Growth expense ratio was 0.69%. Minimum SIP and minimum lump-sum investment were both ₹1,000. The scheme has an operating history of around 13 years, allowing both three-year and five-year performance to be measured across completed periods.

HDFC Bank remained the largest disclosed holding at 7.63%, followed by ICICI Bank at 5.67% and Power Grid Corporation at 5.58%. ITC accounted for 5.26%, with Bajaj Holdings at 5.14%. Together, these five positions represented 29.28% of the portfolio, leaving 70.72% spread across the remaining holdings and other portfolio components.

Historical risk statistics included a beta of 0.62 and standard deviation of 2.94. Alpha stood at 3.61 and the Sharpe ratio at 0.83. The scheme also follows a tiered exit-load structure, with the applicable charge varying according to the holding period. These measures and costs provide context around the fund's historical record without determining future NAV movement.