Parag Parikh Conservative Hybrid Fund

Invest Now

To generate regular income through investments predominantly in debt and money market instruments. The Scheme also seeks to generate long term capital appreciation from the portion of equity investments under the scheme. However, there is no assurance or guarantee that the investment objective of the Scheme will be realized.

Factsheet - May 2022

Name of the fund	Parag Parikh Conservative Hybrid Fund
Investment Objective	To generate regular income through investments predominantly in debt and money market instruments. The Scheme also seeks to generate long term capital appreciation from the portion of equity investments under the scheme. However, there is no assurance or guarantee that the investment objective of the Scheme will be realized.
Type of the scheme	An open ended hybrid scheme investing predominantly in debt instruments.
Date of Allotment	26th May 2021
Name of the Fund Managers	Mr. Rajeev Thakkar - Equity Fund Manager (Since Inception) Mr. Raunak Onkar - Equity Fund Manager (Since Inception) Mr. Raj Mehta - Debt Fund Manager (Since Inception) Mr. Rukun Tarachandani - Equity Fund Manager (Since May 16, 2022)
Month End Expense Ratio	Regular Plan: 0.61%* Direct Plan: 0.31%* *Including additional expenses and GST on management fees. Total Expense ratio is as on last business day of the month
Tier 1 Benchmark Index	CRISIL Hybrid 85+15 - Conservative Index TRI
Additional Benchmark	CRISIL 10 year GILT Index
Minimum Application Amount	New Purchase: ₹ 5000 and in multiples of 1 thereafter. Additional Purchase: ₹ 1000 and in multiples of 1 thereafter. Monthly SIP: ₹ 1000 and Quarterly SIP ₹ 3000

Assets Under Management (AUM) as on May. 31, 2022	₹ 862.050 Crores
Average AUM for the Month	₹ 848.090 Crores

Net Asset Value (NAV) as on May. 31, 2022
Regular Plan	10.6503
Direct Plan	10.6830
Regular Plan - Monthly IDCW	10.1243
Direct Plan - Monthly IDCW	10.028

Entry Load	Not Applicable
Exit Load	In respect of each purchase / switch-in of Units, 10% of the units (“the limit”) may be redeemed without any exit load from the date of allotment. Any redemption or switch-out in excess of the limit shall be subject to the following exit load: Exit load of 1.00% is payable if Units are redeemed / switched-out within 1 year from the date of allotment of units. No Exit Load is payable if Units are redeemed / switched-out after 1 year from the date of allotment.

Average Maturity (Years)*	5.79
Modified Duration (Years)*	4.4601
*Yield to Maturity^**	7.6400%
Macaulay duration*	4.6317
*Calculated on amount invest in debt securities (including accrued interest), deployment of funds in TREPS & Reverse Repo and net receivables/payables. ^YTM is calculated on the basis of annualised yield for all securities.

Equity and Equity Related Instruments
Name	Industry	% of Net Assets
Coal India Ltd.	Consumable Fuels	2.65%
ITC Ltd.	Diversified FMCG	2.62%
Power Grid Corporation of India Ltd.	Power	2.50%
Bajaj Auto Ltd.	Automobiles	2.40%
Petronet LNG Ltd.	Gas	2.26%
Indian Railway Finance Corporation Ltd.	Finance	1.42%
Sub total		13.85%
Units issued by REITs & InvITs
Listed / awaiting listing on the stock exchanges
Name	Industry	% of Net Assets
Brookfield India REIT	Realty	3.75%
Embassy Office Parks REIT	Realty	2.50%
Mindspace Business Parks REIT	Realty	1.97%
Sub total		8.22%
Debt and Money Market Instruments
Name	Rating	% of Net Assets
a) Corporate Bond/NCD
7.70% India Grid Trust 06-May-2028	CRISIL AAA	0.57%
b) Government Securities
6.99% State Government of Telangana 10-JUN-2028	Sovereign	3.38%
8.16% State Government of Rajasthan 09-MAY-2028	Sovereign	2.97%
8.00% State Government of Kerala 11-APR-2028	Sovereign	2.95%
7.92% State Government of Uttar Pradesh 24-JAN-2028	Sovereign	2.94%
8.34% State Government of Punjab 30-MAY-2028	Sovereign	2.40%
7.88% State Government of Madhya Pradesh 24-JAN-2028	Sovereign	2.35%
8.43% State Government of Punjab 05-DEC-2028	Sovereign	1.81%
8.42% State Government of Madhya Pradesh 08-AUG-2028	Sovereign	1.81%
8.33% State Government of Kerala 30-MAY-2028	Sovereign	1.80%
8.15% State Government of Tamil Nadu 09-MAY-2028	Sovereign	1.78%
8.08% State Government of Maharashtra 26-DEC-2028	Sovereign	1.78%
8.08% State Government of Tamil Nadu 26-DEC-2028	Sovereign	1.78%
8.05% State Government of Tamil Nadu 18-APR-2028	Sovereign	1.78%
6.98% State Government of Telangana 22-APR-2028	Sovereign	1.69%
6.79% State Government of West Bengal 30-JUN-2028	Sovereign	1.67%
8.43% State Government of Goa 13-MAR-2029	Sovereign	1.20%
8.41% State Government of Kerala 06-JUN-2028	Sovereign	1.20%
8.45% State Government of Uttar Pradesh 27-FEB-2029	Sovereign	1.20%
8.37% State Government of Madhya Pradesh 05-DEC-2028	Sovereign	1.20%
8.20% State Government of Uttarakhand 09-MAY-2028	Sovereign	1.19%
7.99% State Government of Punjab 11-APR-2028	Sovereign	1.18%
7.69% State Government of Uttar Pradesh 27-JUL-2026	Sovereign	1.17%
7.65% State Government of Tamil Nadu 06-DEC-2027	Sovereign	1.16%
7.64% State Government of Rajasthan 01-NOV-2027	Sovereign	1.16%
7.50% State Government of Telangana 15-APR-2028	Sovereign	1.15%
7.15% State Government of Karnataka 09-OCT-2028	Sovereign	1.13%
6.82% State Government of Bihar 14-JUL-2028	Sovereign	1.11%
8.73% State Government of Uttar Pradesh 10-OCT-2028	Sovereign	0.61%
8.65% State Government of Rajasthan 03-OCT-2028	Sovereign	0.61%
8.63% State Government of Rajasthan 03-SEP-2028	Sovereign	0.61%
8.61% State Government of Punjab 14-NOV-2028	Sovereign	0.61%
8.56% State Government of Maharashtra 11-JUL-2028	Sovereign	0.61%
8.53% State Government of Gujarat 20-NOV-2028	Sovereign	0.61%
8.61% State Government of Tamil Nadu 03-SEP-2027	Sovereign	0.61%
8.49% State Government of Uttarakhand 21-AUG-2028	Sovereign	0.60%
8.45% State Government of Uttar Pradesh 27-JUN-2028	Sovereign	0.60%
8.43% State Government of Uttar Pradesh 06-MAR-2029	Sovereign	0.60%
8.39% State Government of Andhra Pradesh 23-MAY-2028	Sovereign	0.60%
8.39% State Government of Uttar Pradesh 13-MAR-2029	Sovereign	0.60%
8.34% State Government of Tamil Nadu 28-FEB-2028	Sovereign	0.60%
8.29% State Government of Haryana 14-MAR-2028	Sovereign	0.60%
8.28% State Government of Tamil Nadu 21-FEB-2028	Sovereign	0.60%
8.28% State Government of Gujarat 20-FEB-2029	Sovereign	0.60%
8.31% State Government of Jharkhand 13-FEB-2029	Sovereign	0.60%
8.25% State Government of Tamil Nadu 02-JAN-2029	Sovereign	0.60%
8.17% State Government of Gujarat 19-DEC-2028	Sovereign	0.60%
8.18% State Government of Tamil Nadu 19-DEC-2028	Sovereign	0.60%
8.19% State Government of Odisha 09-MAY-2028	Sovereign	0.59%
8.20% State Government of Jammu and Kashmir 30-JAN-2029	Sovereign	0.59%
8.21% State Government of West Bengal 23-JAN-2029	Sovereign	0.59%
8.13% State Government of Rajasthan 27-MAR-2028	Sovereign	0.59%
8.08% State Government of Gujarat 26-DEC-2028	Sovereign	0.59%
8.09% State Government of West Bengal 27-MAR-2028	Sovereign	0.59%
8.11% State Government of Chhattisgarh 31-JAN-2028	Sovereign	0.59%
7.96% State Government of Gujarat 27-APR-2026	Sovereign	0.59%
7.99% State Government of Uttar Pradesh 29-JUN-2026	Sovereign	0.59%
7.97% State Government of Assam 18-APR-2028	Sovereign	0.59%
7.98% State Government of Uttar Pradesh 11-APR-2028	Sovereign	0.59%
7.86% State Government of Haryana 27-DEC-2027	Sovereign	0.59%
7.65% State Government of Karnataka 06-DEC-2027	Sovereign	0.58%
7.64% State Government of Karnataka 08-NOV-2027	Sovereign	0.58%
7.52% State Government of Tamil Nadu 24-MAY-2027	Sovereign	0.58%
7.53% State Government of West Bengal 22-NOV-2027	Sovereign	0.58%
7.23% State Government of Rajasthan 14-JUN-2027	Sovereign	0.57%
7.20% State Government of Maharashtra 09-AUG-2027	Sovereign	0.57%
7.32% State Government of West Bengal 26-JUN-2029	Sovereign	0.57%
7.24% State Government of Haryana 18-MAR-2029	Sovereign	0.57%
7.13% State Government of Kerala 10-JUL-2029	Sovereign	0.56%
7.11% State Government of Tamil Nadu 31-JUL-2029	Sovereign	0.56%
7.09% State Government of Goa 28-AUG-2029	Sovereign	0.56%
6.83% State Government of West Bengal 07-JUL-2028	Sovereign	0.56%
6.53% State Government of Chhattisgarh 15-SEP-2028	Sovereign	0.55%
5.74% Government of India 15-NOV-2026	Sovereign	1.10%
Sub total		74.58%
c) TREPS and Other Receivables and Payables
TREPS Including Cash & Cash Equivalent and Net Current Asset		2.25%
d) Fixed Deposits
5.10% HDFC Bank Ltd. (Duration 367 Days)		0.17%
4.90% HDFC Bank Ltd. (Duration 365 Days)		0.12%
5.10% HDFC Bank Ltd. (Duration 365 Days)		0.12%
5.25% Axis Bank Ltd. (Duration 365 Days)		0.12%
Sub total		0.53%
Net Assets		100.00%

Source: Internal sources

Dividend History - Monthly Income Distribution cum capital Withdrawal option
Record date/ Payout Date	Direct		Regular			Regular	Direct	Regular	Direct
Record date/ Payout Date	Retail	Corporate	Retail	Corporate	Face Value	NAV per Unit (Ex IDCW)	NAV per Unit (Ex IDCW)	NAV per Unit (Cum IDCW)	NAV per Unit (Cum IDCW)
30th May 2022	0.0002	0.0002	0.0000	0.0000	10	10.1331	10.0367	10.1331	10.0369
25th April 2022	0.0419	0.0419	0.0383	0.0383	10	10.1619	10.0623	10.2002	10.1042
28th March 2022	0.0445	0.0445	0.0414	0.0414	10	10.2104	10.1119	10.2518	10.1564

Lumpsum Investment Performance (Simple Annualised returns)
	Scheme	Tier I Benchmark	Additional Benchmark	Value of Investment of Rs. 10,000/-
Date	PPCHF (Regular)	CRISIL Hybrid 85+15 Conservative Index	CRISIL 10 year Gilt Index	PPCHF (Regular)	CRISIL Hybrid 85+15 Conservative Index	CRISIL 10 year Gilt Index
Since Inception (26 May, 2021)*	6.41%	1.86%	-4.01%	10,650	10,188	9,594
May 31, 2021 to May 31, 2022 (Last 1 year)	6.45%	1.82%	-3.88%	10,645	10,182	9,612

*Since inception returns are calculated on Rs. 10 (allotment price)
Note:
Different plans shall have different expense structures.
Scheme returns shown are for regular plan.
Past performance may or may not be sustained in the future.
Data presented here is upto the last calendar month.
Less than 1 year returns are annualised returns.
The scheme has not completed one year since the date of launch

Total number of units held in Parag Parikh Conservative Hybrid Fund as per SEBI Circular relating to Alignment of interest of Key Employees ('Designated Employees') of Asset Management Companies ('AMCs') with the unitholders of the Mutual Fund Schemes. (dated April 28, 2021 read with September 20, 2021) as at 31-05-2022

Scheme	Units	AUM (in Rs.)
Parag Parikh Conservative Hybrid Fund - Direct Plan Growth	46,303.86	4,94,793.60

We have our Skin in the Game
The combined holding of 'Insiders' in Parag Parikh Conservative Hybrid Fund amounts to ₹ 6.31 Crores of AUM as at May 31, 2022. For more details please visit the 'Scheme' section of our website

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

Parag Parikh Flexi Cap Fund

Invest Now

(Formerly known as Parag Parikh Long Term Equity Fund)
An open ended dynamic Equity scheme investing across large cap, mid cap, small cap stocks.

Factsheet - May 2022

Name of the fund	Parag Parikh Flexi Cap Fund
Investment Objective	To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities, foreign equities and related instruments and debt securities.
Type of the scheme	An open ended dynamic Equity scheme investing across large cap, mid cap, small cap Stocks.
Date of Allotment	May 24, 2013
Name of the Fund Managers	Mr. Rajeev Thakkar - Equity Fund Manager (Since Inception) Mr. Raunak Onkar - Dedicated Fund Manager for Overseas Securities (Since Inception) Mr. Raj Mehta - Debt Fund Manager (Since January 27, 2016) Mr. Rukun Tarachandani - Equity Fund Manager (Since May 16, 2022)
Month End Expense Ratio	Regular Plan: 1.94%* Direct Plan: 0.79%* *Including additional expenses and GST on management fees. Total Expense ratio is as on last business day of the month
Tier 1 Benchmark Index	NIFTY 500 (TRI)
Additional Benchmark	NIFTY 50 (TRI)
Minimum Application Amount	New Purchase: ₹ 1,000 Additional Purchase: ₹ 1,000 Monthly SIP:₹ 1,000, Quarterly SIP: ₹ 3,000

Assets Under Management (AUM) as on May. 31, 2022	₹ 22,647.04 Crores
Average AUM for the Month	₹ 21,572.67 Crores

Net Asset Value (NAV) as on May. 31, 2022
Regular Plan: 46.604	Direct Plan: 49.5594

Entry Load	Not Applicable
Exit Load	In respect of each purchase / switch-in of Units, 10% of the units ("the limit") may be redeemed without any exit load from the date of allotment. Any redemption or switch-out in excess of the limit shall be subject to the following exit load: 2.00% if the investment is redeemed on or before 365 days from the date of allotment of units. 1.00% if the investment is redeemed after 365 days but on or before 730 days from the date of allotment of units. No Exit Load will be charged if investment is redeemed after 730 days from the date of allotment of units. No exit load will be charged, in case of switch transactions between Regular Plan and Direct Plan of the Scheme for existing as well as prospective investors.

Beta	0.77
Standard Deviation	18.79%
Sharpe Ratio	0.98
Portfolio Turnover (excl Equity Arbitrage)	18.48%
Portfolio Turnover (incl Equity Arbitrage)	24.21%
- Above figures are annualised. - Risk free rate assumed to be 4.27% (FBIL Overnight MIBOR as on 31st May, 2022)

Portfolio Disclosure
Core Equity
Name	Industry	% of Net Assets
ITC Ltd.	Diversified FMCG	8.96%
Bajaj Holdings & Investment Ltd.	Finance	7.98%
Housing Development Finance Corporation Ltd.	Finance	6.08%
ICICI Bank Ltd.	Banks	6.04%
Hero MotoCorp Ltd.	Automobiles	5.13%
HCL Technologies Ltd.	IT - Software	5.11%
Axis Bank Ltd.	Banks	4.97%
Power Grid Corporation of India Ltd.	Power	4.91%
Indian Energy Exchange Ltd.	Capital Markets	3.80%
Central Depository Services (I) Ltd.	Capital Markets	2.66%
Motilal Oswal Financial Services Ltd.	Capital Markets	1.90%
Multi Commodity Exchange of India Ltd.	Capital Markets	1.51%
Balkrishna Industries Ltd.	Auto Components	1.27%
Dr. Reddy's Laboratories Ltd.	Pharmaceuticals & Biotechnology	1.05%
Zydus Lifesciences Ltd.	Pharmaceuticals & Biotechnology	1.04%
Cipla Ltd.	Pharmaceuticals & Biotechnology	0.99%
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals & Biotechnology	0.96%
IPCA Laboratories Ltd.	Pharmaceuticals & Biotechnology	0.86%
ICRA Ltd.	Capital Markets	0.73%
Oracle Financial Services Software Ltd.	IT - Software	0.61%
Coal India Ltd.	Consumable Fuels	0.16%
Maharashtra Scooters Ltd.	Finance	0.14%
Total		66.86%
Overseas Securities, IDRs and ADRs
#Alphabet Inc (Google Class A)	Internet & Technology	6.93%
#Microsoft Corporation	Internet & Technology	6.68%
#Amazon.Com Inc	Consumer Services	5.06%
#Meta Platforms Inc (Formerly Facebook Inc)	Internet & Technology	3.96%
#Suzuki Motor Corp (ADR)^	Automobiles	0.58%
Total		23.21%
Debt and Money Market Instruments
FDR		0.26%
TREPS Including Cash & Cash Equivalent and Net Current Asset		9.67%
Net Assets		100.00%

# Currency hedge to the extent of approximately 87.46% of exposure.
^ Traded on US OTC Markets. Underlying shares are listed on Tokyo Stock Exchange

Lumpsum Investment Performance (Compounded annual returns)
	Scheme	Tier I Benchmark	Additional Benchmark	Value of Investment of Rs. 10,000/-
Date	PPFCF (Regular)	NIFTY 500 (TRI)	NIFTY 50 (TRI)	PPFCF (Regular)	NIFTY 500 (TRI)	NIFTY 50 (TRI)
Since Inception (May 24, 2013)*	18.59%	14.34%	13.39%	46,604	33,511	31,082
May 31, 2021 to May 31, 2022 (Last 1 year)	11.72%	8.08%	7.90%	11,172	10,808	10,790
May 31, 2019 to May 31, 2022 (Last 3 year)	22.97%	14.25%	13.03%	18,605	14,917	14,447
May 31, 2017 to May 31, 2022 (Last 5 year)	18.04%	12.40%	12.97%	22,922	17,949	18,403

*Since inception returns are calculated on Rs. 10 (allotment price)
Note:
Different plans shall have different expense structures.
Scheme returns shown are for regular plan.
Past performance may or may not be sustained in the future.
Greater than 1 year returns are CAGR returns.
Data presented here is upto the last calendar month.

SIP Investment Performance (Assumption : 10,000/- is invested on the first of every month)
Date	Since Inception from June 1, 2013	May 31, 2021 to May 31, 2022 (Last 1 year)	May 31, 2019 to May 31, 2022 (Last 3 year)	May 31, 2017 to May 31, 2022 (Last 5 year)
Total Amount Invested	10,90,000	1,20,000	3,60,000	6,00,000
Market value of Investment (Regular Plan)	25,72,117	1,17,315	5,13,738	9,95,991
(Regular Plan) Returns (Annualised) (%)	18.16%	-4.14%	24.56%	20.40%
Nifty 500 (TRI) Returns (Annualised) (%)	13.92%	-3.67%	19.69%	14.80%
Nifty 50 (TRI) Returns (Annualised) (%)	13.39%	-2.17%	18.06%	14.59%

*Since inception returns are calculated on Rs. 10 (allotment price)
Note:
Different plans shall have different expense structures.
Scheme returns shown are for regular plan.
Past performance may or may not be sustained in the future.
Greater than 1 year returns are CAGR returns.
Data presented here is upto the last calendar month.

Source: Internal sources

Note: Fresh investment in foreign securities have been temporarily suspended from Feb. 2, 2022 as advised by SEBI pursuant to email dated January 28, 2022 and AMFI Clarification dated January 30, 2022, in order to avoid breach of industry-wide overseas limits as allowed by RBI and in terms of SEBI Circular no. SEBI/HO/IMD/IMD-II/DOF3/P/CIR/2021/571 dated June 03, 2021.

Total number of units held in Parag Parikh Flexi Cap Fund as per SEBI Circular relating to Alignment of interest of Key Employees ('Designated Employees') of Asset Management Companies ('AMCs') with the unitholders of the Mutual Fund Schemes. (dated April 28, 2021 read with September 20, 2021) as at 31-05-2022

Scheme	Units	AUM (in Rs.)
Parag Parikh Flexi Cap Fund - Direct Plan	2,29,710.04	1,13,50,683.32

We have our Skin in the Game
The combined holding of 'Insiders' in Parag Parikh Flexi Cap Fund amounts to ₹ 281.63 Crores of AUM as at May 31, 2022. For more details please visit the 'Scheme' section of our website

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

Parag Parikh Tax Saver Fund

Invest Now

An open ended equity linked savings scheme with a statutory lock in of 3 years and tax benefit.

Factsheet - May 2022

Name of the fund	Parag Parikh Tax Saver Fund
Investment Objective	The investment objective of the Scheme is to generate long-term capital appreciation through a diversified portfolio of equity and equity related instruments. (80% of total assets in accordance with Equity Linked Saving Scheme, 2005 notified by Ministry of Finance) However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.
Type of the scheme	An open ended equity linked savings scheme with a statutory lock in of 3 years and tax benefit.
Date of Allotment	July 24, 2019
Name of the Fund Managers	Mr. Rajeev Thakkar - Equity Fund Manager (Since Inception) Mr. Raunak Onkar - Co Fund Manager (Since Inception) Mr. Raj Mehta - Debt Fund Manager (Since Inception) Mr. Rukun Tarachandani - Equity Fund Manager (Since May 16, 2022)
Month End Expense Ratio	Regular Plan: 2.24%* Direct Plan: 0.84%* *Including additional expenses and GST on management fees. Total Expense ratio is as on last business day of the month
Tier 1 Benchmark Index	NIFTY 500 (TRI)
Additional Benchmark	NIFTY 50 (TRI)
Minimum Application Amount	New Purchase: ₹ 500 and in multiples of ₹ 500 Additional Purchase: ₹ 500 and in multiples of ₹ 500 Monthly SIP: ₹ 1,000, Quarterly SIP: ₹ 3,000

Assets Under Management (AUM) as on May. 31, 2022	₹ 618.01 Crores
Average AUM for the Month	₹ 588.49 Crores

Net Asset Value (NAV) as on May. 31, 2022
Regular Plan: 18.3557	Direct Plan: 19.0216

Entry Load	Not Applicable
Exit Load	Not Applicable

Portfolio Turnover	13.00%
- Above figures are annualised. - Since the fund has not completed 3 years, other quantitative indicators are not shown as per AMFI Best Practice Guidelines.

Core Equity
Name	Industry	% of Net Assets
Bajaj Holdings & Investment Ltd.	Finance	7.93%
ITC Ltd.	Diversified FMCG	6.99%
Housing Development Finance Corporation Ltd.	Finance	6.06%
ICICI Bank Ltd.	Banks	6.01%
Power Grid Corporation of India Ltd.	Power	5.07%
Maharashtra Scooters Ltd.	Finance	5.06%
Wipro Ltd.	IT - Software	5.00%
Tata Consultancy Services Ltd.	IT - Software	4.98%
Axis Bank Ltd.	Banks	4.96%
HCL Technologies Ltd.	IT - Software	4.96%
Maruti Suzuki India Ltd.	Automobiles	4.55%
Hero MotoCorp Ltd.	Automobiles	4.21%
Indian Energy Exchange Ltd.	Capital Markets	2.77%
Coal India Ltd.	Consumable Fuels	2.72%
Motilal Oswal Financial Services Ltd.	Capital Markets	2.00%
Balkrishna Industries Ltd.	Auto Components	1.74%
Central Depository Services (I) Ltd.	Capital Markets	1.66%
Multi Commodity Exchange of India Ltd.	Capital Markets	1.08%
ICRA Ltd.	Capital Markets	1.06%
Zydus Lifesciences Ltd.	Pharmaceuticals & Biotechnology	1.04%
Dr. Reddy's Laboratories Ltd.	Pharmaceuticals & Biotechnology	1.03%
CCL Products (India) Ltd.	Agricultural Food & other Products	1.01%
Cipla Ltd.	Pharmaceuticals & Biotechnology	0.96%
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals & Biotechnology	0.89%
IPCA Laboratories Ltd.	Pharmaceuticals & Biotechnology	0.85%
Oracle Financial Services Software Ltd.	IT - Software	0.40%
Total		84.99%
Debt and Money Market Instruments
TREPS Including Cash & Cash Equivalent and Net Current Asset		15.01%
Net Assets		100.00%

Lumpsum Investment Performance (Compounded annual returns)
	Scheme	Tier I Benchmark	Additional Benchmark	Value of Investment of Rs. 10,000/-
Date	PPTSF (Regular)	NIFTY 500 (TRI)	NIFTY 50 (TRI)	PPTSF (Regular)	NIFTY 500 (TRI)	NIFTY 50 (TRI)
Since Inception (24 July, 2019)*	23.71%	17.64%	15.83%	18,356	15,900	15,212
May 31, 2021 to May 31, 2022 (Last 1 year)	15.71%	8.08%	7.90%	11,571	10,808	10,790

*Since inception returns are calculated on Rs. 10 (allotment price)
Note:
Different plans shall have different expense structures.
Scheme returns shown are for regular plan.
Past performance may or may not be sustained in the future.
Greater than 1 year returns are CAGR returns.
Data presented here is upto the last calendar month.

SIP Investment Performance (Assumption : 10,000/- is invested on the first of every month)
Date	Since Inception from July 24, 2019	May 31, 2021 to May 31, 2022 (Last 1 year)
Total Amount Invested	3,50,000	1,20,000
Market value of Investment (Regular Plan)	5,01,015	1,23,481
(Regular Plan) Returns (Annualised) (%)	25.60%	5.45%
Nifty 500 (TRI) Returns (Annualised) (%)	20.24%	-3.67%
Nifty 50 (TRI) Returns (Annualised) (%)	18.56%	-2.17%

*Since inception returns are calculated on Rs. 10 (allotment price)
Note:
Different plans shall have different expense structures.
Scheme returns shown are for regular plan.
Past performance may or may not be sustained in the future.
Greater than 1 year returns are CAGR returns.
Data presented here is upto the last calendar month.

Total number of units held in Parag Parikh Tax Saver Fund as per SEBI Circular relating to Alignment of interest of Key Employees ('Designated Employees') of Asset Management Companies ('AMCs') with the unitholders of the Mutual Fund
Schemes. (dated April 28, 2021 read with September 20, 2021) as at 31-05-2022

Scheme	Units	AUM (in Rs.)
Parag Parikh Tax Saver Fund - Direct Plan	61,978.81	11,73,524.67

We have our Skin in the Game
The combined holding of 'Insiders' in Parag Parikh Tax Saver Fund amounts to ₹ 16.01 Crores of AUM as at May 31, 2022. For more details please visit the 'Scheme' section of our website

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

Parag Parikh Liquid Fund

Invest Now

An open ended Liquid Scheme

Factsheet - May 2022

Name of the fund	Parag Parikh Liquid Fund
Investment Objective	To deliver reasonable market related returns with lower risk and high liquidity through judicious investments in money market and debt instruments. (Non Guaranteed)
Type of the scheme	An Open ended Liquid scheme. A Relatively Low Interest Rate Risk and Relatively low Credit Risk
Date of Allotment	May 11, 2018
Name of the Fund Managers	Mr. Raj Mehta - (Since Inception)
Month End Expense Ratio	Regular Plan: 0.26%* Direct Plan: 0.16%* *Including additional expenses and GST on management fees. Total Expense ratio is as on last business day of the month
Tier 1 Benchmark Index	CRISIL Liquid Fund AI Index
Additional Benchmark	CRISIL 1 Year T-Bill index
Minimum Application Amount	New Purchase: ₹ 5,000 Additional Purchase: ₹ 1,000 Monthly SIP: ₹ 1,000 Quarterly SIP: ₹ 3,000/-

Assets Under Management (AUM) as on May. 31, 2022	₹ 1,371.97 Crores
Average AUM for the Month	₹ 1,359.14 Crores

Plan	Direct	Regular
Growth	1198.1517	1193.173
Daily Reinvestment of Income Distribution cum capital withdrawal option	1000.5404	1000.5404
Weekly Reinvestment of Income Distribution cum capital withdrawal option	1001.1121	1001.1091
Monthly Income Distribution cum capital withdrawal option	1003.1125	1003.1095

Record date/ Payout Date	Direct		Regular			Regular	Direct	Regular	Direct
Dividend History - Monthly Income Distribution cum capital Withdrawal option
Record date/ Payout Date	Retail	Corporate	Retail	Corporate	Face Value	NAV per Unit (Ex IDCW)	NAV per Unit (Ex IDCW)	NAV per Unit (Cum IDCW)	NAV per Unit (Cum IDCW)
30th May 2022	3.1422	3.1422	3.0476	3.0476	1,000	1,003	1,003	1,006.0476	1,006.1422
25th Apr. 2022	2.6814	2.6814	2.6043	2.6043	1,000	1,003	1,003	1,005.6043	1,005.6814
31st Mar. 2022	2.7200	2.7200	2.6438	2.6438	1,000	1,003	1,003	1,005.6438	1,005.7200

Entry Load	Not Applicable
Exit Load
* For purpose of levying exit load, if subscription (application & funds) is received within cut-off time on a day, Day 1 shall be considered to be the same day, else the day after the date of allotment of units shall be considered as Day 1.

Average Maturity (Days)	43.71
Modified duration (Years)	0.1124
Yield to Maturity	4.59%
Macaulay Duration (Years)	0.1172
* Computed on the invested amount

Source: Internal sources

Debt and Money Market Instruments
Name	Rating	% of Net Assets
a) Treasury Bills
91 DAY T-BILL 28-Jul-2022	Sovereign	14.47%
91 DAY T-BILL 04-Aug-2022	Sovereign	10.12%
91 DAY T-BILL 07-Jul-2022	Sovereign	9.07%
91 DAY T-BILL 13-Jul-2022	Sovereign	9.06%
91 DAY T-BILL 21-Jul-2022	Sovereign	9.05%
91 DAY T-BILL 02-Jun-2022	Sovereign	7.29%
91 DAY T-BILL 16-Jun-2022	Sovereign	5.46%
91 DAY T-BILL 30-Jun-2022	Sovereign	5.45%
91 DAY T-BILL 11-Aug-2022	Sovereign	5.42%
b) Government Securities
8.15% Government of India 11-JUN-2022	Sovereign	7.30%
c) State Government Securities
8.92% State Government of Punjab 22-Aug-2022	Sovereign	6.61%
8.37% State Government of Odisha 29-Aug-2022	Sovereign	1.84%
8.85% State Government of Maharashtra 18-Jul-2022	Sovereign	0.73%
d) Commercial Paper
NTPC Ltd. 22-Jul-2022	CRISIL A1+	0.72%
e) Certificate of Deposit
HDFC Bank Ltd. 25-Jul-2022	A1+	0.72%
f) TREPS and Other Receivables and Payables
TREPS Including Cash & Cash Equivalent and Net Current Asset		6.00%
g) Fixed Deposits
5.00% HDFC Bank Ltd. (Duration 367 Days)		0.18%
3.75% HDFC Bank Ltd. (Duration 365 Days)		0.15%
4.90% HDFC Bank Ltd. (Duration 365 Days)		0.15%
4.90% HDFC Bank Ltd. (Duration 367 Days)		0.07%
4.90% HDFC Bank Ltd. (Duration 365 Days)		0.07%
5.10% HDFC Bank Ltd. (Duration 365 Days)		0.07%
Net Assets		100.00%

Lumpsum Investment Performance (Compounded annual returns)
	Scheme	Tier I Benchmark	Additional Benchmark	Value of Investment of Rs. 10,000/-
Date	PPLF (Regular)	CRISIL Liquid Fund AI Index	CRISIL 1 year T-bill Index	PPLF (Regular)	CRISIL Liquid Fund AI Index	CRISIL 1 year T-bill Index
Since Inception (11 May, 2018)*	4.45%	5.04%	5.49%	11,932	12,209	12,422
May 24, 2022 to May 31, 2022 (Last 7 Days)	3.97%	4.83%	3.52%	10,008	10,009	10,007
May 16, 2022 to May 31, 2022 (Last 15 days)	4.36%	4.89%	5.22%	10,018	10,020	10,021
April 29, 2022 to May 31, 2022 (Last 1 Month)	3.22%	3.71%	-6.12%	10,028	10,033	9,946
May 31, 2021 to May 31, 2022 (Last 1 year)	3.27%	3.66%	2.78%	10,327	10,366	10,278
May 31, 2019 to May 31, 2022 (Last 3 year)	3.79%	4.27%	4.77%	11,181	11,339	11,502

*Since inception returns are calculated on Rs. 1000 (allotment price)
Note:
Different plans shall have different expense structures. Scheme returns shown are for regular plan.
Past performance may or may not be sustained in the future.
Greater than 1 year returns are CAGR returns.
Data presented here is upto the last calendar month.
Less than 1 year returns are simple annualised returns.

Total number of units held in Parag Parikh Liquid Fund as per SEBI Circular relating to Alignment of interest of Key Employees ('Designated Employees') of Asset Management Companies ('AMCs') with the unitholders of the Mutual Fund Schemes. (dated April 28, 2021 read with September 20, 2021) as at 31-05-2022

Scheme	Units	AUM (in Rs.)
Parag Parikh Liquid Fund Direct Plan Growth	702.62	8,41,935.47

We have our Skin in the Game
The combined holding of 'Insiders' in Parag Parikh Liquid Fund amounts to ₹ 29.90 Crores of AUM as at May 31, 2022. For more details please visit the 'Scheme' section of our website

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

Digital Factsheet - February 2022

Parag Parikh Flexi Cap Fund

An open-ended dynamic equity scheme investing across large cap, mid cap, small cap stocks.

Parag Parikh Liquid Fund

An Open Ended Liquid Scheme

Parag Parikh Tax Saver Fund

An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit

Parag Parikh Conservative Hybrid Fund

An open-ended hybrid scheme investing predominantly in debt instruments

Investor Helpline:

1800-266-7790 [Toll-free]
[email protected] [For queries/complaints]

Distributor Helpline:

1800-266-8909 [Toll-free]
[email protected] [For queries/complaints]