Parag Parikh Flexi Cap Fund Direct Growth NAV at ₹88.84 on 30 September; 5-Year CAGR at 11.11%

Key Takeaways

• Parag Parikh Flexi Cap Fund Direct Growth recorded a NAV of ₹88.84 on 30 September 2026, up 0.13% for the day.
• The one-year return stood at -3.95%, compared with a three-year CAGR of 12.17% and a five-year annualised return of 11.11%.
• The scheme managed approximately ₹147,405 crore and carried a Direct Growth expense ratio of 0.69%.
• HDFC Bank remained the largest disclosed equity holding at 7.63%, followed by ICICI Bank and Power Grid Corporation.

Parag Parikh Flexi Cap Fund Direct Growth recorded a NAV of ₹88.84 on 30 September 2026, marking a 0.13% increase over the previous valuation. The scheme operates under a flexi cap mandate, allowing its portfolio to invest across large-, mid- and small-cap companies without maintaining a predetermined allocation to each market-cap segment. This gives the fund scope to change its company-size mix as portfolio positioning evolves.

The latest return data showed a clear difference between the shorter and longer measurement periods. The one-year return stood at -3.95%, whereas the three-year CAGR was 12.17%. Over five years, the annualised return was 11.11%. The three-year figure was 1.06 percentage points higher than the five-year reading, with both remaining substantially above the latest one-year return.

Fund size stood at approximately ₹147,405 crore. The Direct Growth expense ratio was 0.69%, and the minimum investment requirement was ₹1,000 for both SIPs and lump-sum purchases. The scheme had a 13-year operating history in the latest profile. Its scale places it among the largest funds in the current 20-scheme set.

HDFC Bank represented 7.63% of the disclosed portfolio, followed by ICICI Bank at 5.67%, Power Grid Corporation at 5.58%, ITC at 5.26% and Bajaj Holdings at 5.14%. These five equity positions together accounted for 29.28%. Historical risk statistics included beta of 0.62 and a Sharpe ratio of 0.83. Both figures describe past portfolio behaviour rather than future NAV direction.