Parag Parikh Flexi Cap Fund Direct Growth NAV at ₹90.53 on 21 September; Top Five Holdings at 29.28%

Key Takeaways

• Parag Parikh Flexi Cap Fund Direct Growth recorded an NAV of ₹90.53 on 21 September 2026, up 0.75% for the day.
• Its latest one-year return was -5.12%, compared with a three-year CAGR of 12.04% and a five-year CAGR of 11.27%.
• HDFC Bank, ICICI Bank, Power Grid, ITC and Bajaj Holdings together represented 29.28% of the disclosed portfolio.

Parag Parikh Flexi Cap Fund Direct Growth NAV reached ₹90.53 on 21 September 2026, registering a 0.75% increase over the previous valuation. The scheme managed approximately ₹1,47,405 crore and had a Direct Growth expense ratio of 0.69%. Both the minimum SIP and minimum lump-sum investment were ₹1,000.

Performance varied considerably depending on the measurement period. The latest one-year return stood at -5.12%, whereas the three-year CAGR was 12.04%. Across five years, the annualised return was 11.27%. That placed the three-year figure 0.77 percentage points above the five-year CAGR, illustrating how the selected starting and ending dates influence historical return comparisons.

The largest disclosed equity position was HDFC Bank at 7.63%. ICICI Bank accounted for 5.67%, Power Grid for 5.58%, ITC for 5.26% and Bajaj Holdings for 5.14%. Combined, these five holdings represented 29.28% of the portfolio, leaving 70.72% distributed across the remaining holdings and portfolio components. HDFC Bank alone contributed just over one-quarter of the top-five weight.

Among the available historical risk statistics, alpha stood at 3.61, beta at 0.62, standard deviation at 2.94 and the Sharpe ratio at 0.83. These figures describe past portfolio behaviour over the observation period used for their calculation; they do not determine subsequent NAV movements.

As a flexi-cap scheme, the fund can allocate across large-, mid- and small-cap companies without maintaining a fixed proportion in each market-cap segment. Its exit-load structure also varies with the holding period: the disclosed schedule includes 2% for applicable redemptions within 365 days and 1% during days 366 to 730, subject to the scheme's stated unit-level conditions.