Digital Factsheet

Parag Parikh Conservative Hybrid Fund

An open-ended hybrid scheme investing predominantly in debt instruments

Factsheet - October 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: 0.62%* Direct Plan: 0.32%* *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 / Additional Purchase Amount	New Purchase: ₹ 5000 and in multiples of ₹ 1 thereafter. Additional Purchase: ₹ 1000 and in multiples of ₹ 1 thereafter.
Minimum SIP Investment Amount	Monthly SIP: ₹ 1,000, Quarterly SIP: ₹ 3,000

Assets Under Management (AUM) as on Oct. 31, 2022	₹ 1,063.25 Crores
Average AUM for the Month	₹1,045.14 Crores

Net Asset Value (NAV) as on Oct. 31, 2022
Regular Plan	11.0066
Direct Plan	11.0542
Regular Plan - Monthly IDCW	10.1408
Direct Plan - Monthly IDCW	10.0427

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)*	5.27
Modified Duration (Years)*	4.1133
*Yield to Maturity^**	7.67%
Macaulay duration*	4.271
*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	2.33%
Power Grid Corporation of India Ltd	Power	2.24%
Indian Railway Finance Corporation Limited	Finance	2.13%
Bajaj Auto Ltd	Automobiles	2.12%
Petronet LNG Ltd	Gas	2.11%
ITC Ltd	Diversified FMCG	2.05%
Sub total		12.98%
Units issued by REITs & InvITs
Listed / awaiting listing on the stock exchanges
Name	Industry	% of Net Assets
Brookfield India REIT	Realty	3.73%
Embassy Office Parks REIT	Realty	2.47%
Mindspace Business Parks REIT	Realty	1.65%
Sub total		7.85%
Debt and Money Market Instruments
Name	Rating	% of Net Assets
a) Corporate Bond/NCD
7.70% India Grid Trust 06-May-2028	CRISIL AAA	0.46%
b) Government Securities
8% Kerala SDL (MD 11/04/2028)	Sovereign	2.87%
6.99% Telangana SDL (MD 10/06/2028)	Sovereign	2.74%
8.08% Tamilnadu SDL (MD 26/12/2028)	Sovereign	2.41%
8.16% Rajasthan SDL (MD 09/05/2028)	Sovereign	2.41%
7.92% Uttar Pradesh SDL (MD 24/01/2028)	Sovereign	2.38%
8.34% Punjab SDL (MD 30/05/2028)	Sovereign	1.94%
7.88% Madhya Pradesh SDL (MD 24/01/2028)	Sovereign	1.90%
7.63% Haryana SDL (MD 01/06/2028)	Sovereign	1.88%
8.33% Kerala SDL (MD 30/05/2028)	Sovereign	1.46%
8.42% Madhya Pradesh SDL (MD 08/08/2028)	Sovereign	1.46%
8.43% Punjab SDL (MD 05/12/2028)	Sovereign	1.46%
8.29% West Bengal SDL (MD 21/02/2028)	Sovereign	1.45%
8.05% Tamilnadu SDL (MD 18/04/2028)	Sovereign	1.44%
8.15% Tamil Nadu SDL (MD 09/05/2028)	Sovereign	1.44%
8.08% Maharashtra SDL (MD 26/12/2028)	Sovereign	1.44%
6.98% Telangana SDL (MD 22/04/2028)	Sovereign	1.37%
6.79% West Bangal SDL (MD 30/06/2028)	Sovereign	1.36%
8.5% Gujarat SDL (MD 28/11/2028)	Sovereign	0.98%
8.41% Kerala SDL (MD 06/06/2028)	Sovereign	0.97%
8.45% Uttar Pradesh SDL (MD 27/06/2028)	Sovereign	0.97%
8.37% Madhya Pradesh SDL (MD 05/12/2028)	Sovereign	0.97%
8.45% Uttar Pradesh SDL (MD 27/02/2029)	Sovereign	0.97%
8.43% Goa SDL (MD 13/03/2029)	Sovereign	0.97%
8.15% Chhattisgarh SDL (MD 27/03/2028)	Sovereign	0.96%
7.99% Punjab SDL (MD 11/04/2028)	Sovereign	0.96%
8.2% Uttarakhand SDL (MD 09/05/2028)	Sovereign	0.96%
7.65% Tamil Nadu SDL (MD 06/12/2027)	Sovereign	0.95%
7.69% Uttar Pradesh SDL (MD 27/07/2026)	Sovereign	0.95%
7.64% Rajasthan SDL (MD 01/11/2027)	Sovereign	0.94%
7.5% Telangana SDL (MD 15/04/2028)	Sovereign	0.93%
7.15% Karnataka SDL (MD 09/10/2028)	Sovereign	0.92%
6.82% Bihar SDL (MD 14/07/2028)	Sovereign	0.91%
8.84 % Rajasthan SDL 12/09/2028	Sovereign	0.50%
8.72% Andhra Pradesh SDL (MD 24/02/2026)	Sovereign	0.49%
8.34% Tamil Nadu SDL (MD 28/02/2028)	Sovereign	0.49%
8.39% Andhra Pradesh SDL (MD 23/05/2028)	Sovereign	0.49%
8.56% Maharashtra SDL (MD 11/07/2028)	Sovereign	0.49%
8.61% Tamilnadu SDL (MD 03/09/2027)	Sovereign	0.49%
8.63% Rajasthan SDL (MD 03/09/2028)	Sovereign	0.49%
8.65% Rajasthan SDL (MD 03/10/2028)	Sovereign	0.49%
8.73% Uttar Pradesh SDL (MD 10/10/2028)	Sovereign	0.49%
8.53% Gujarat SDL (MD 20/11/2028)	Sovereign	0.49%
8.39% Uttar Pradesh SDL (MD 13/03/2029)	Sovereign	0.49%
8.43% Uttar Pradesh SDL (MD 06/03/2029)	Sovereign	0.49%
8.61% Punjab SDL (MD 14/11/2028)	Sovereign	0.49%
8.49% Uttarakhand SDL (MD 21/08/2028)	Sovereign	0.49%
8.4% Rajasthan SDL (MD 20/06/2028)	Sovereign	0.49%
8.4% Andhra Pradesh SDL (MD 20/06/2028)	Sovereign	0.49%
8.44% West Bengal SDL (MD 27/06/2028)	Sovereign	0.49%
8.07% Rajasthan SDL (MD 15/06/2026)	Sovereign	0.48%
8.09% West Bengal SDL (MD 15/06/2026)	Sovereign	0.48%
8.09% AndhraPradesh SDL(MD 15/06/2026)	Sovereign	0.48%
7.99% Uttar Pradesh SDL (MD 29/06/2026)	Sovereign	0.48%
8.38% Haryana SDL (MD 27/01/2026)	Sovereign	0.48%
8.28% Tamil Nadu SDL (MD 21/02/2028)	Sovereign	0.48%
8.11% Chattisgarh SDL (MD 31/01/2028)	Sovereign	0.48%
8.13% Rajasthan SDL (MD 27/03/2028)	Sovereign	0.48%
8.18% Tamilnadu SDL (MD 19/12/2028)	Sovereign	0.48%
8.17% Gujarat SDL (MD 19/12/2028)	Sovereign	0.48%
8.08% Gujarat SDL (MD 26/12/2028)	Sovereign	0.48%
8.28% Gujarat SDL (MD 20/02/2029)	Sovereign	0.48%
7.98% Uttar Pradesh SDL (MD 11/04/2028)	Sovereign	0.48%
8.31% Jharkhand SDL (MD 13/02/2029)	Sovereign	0.48%
7.86% Haryana SDL (MD 27/12/2027)	Sovereign	0.48%
8.21% West Bengal SDL (MD 23/01/2029)	Sovereign	0.48%
8.09% West Bengal SDL (MD 27/03/2028)	Sovereign	0.48%
8.2% Jammu and Kashmir SDL (MD 30/01/2029)	Sovereign	0.48%
8.34% Uttar Pradesh SDL (MD 28/02/2028)	Sovereign	0.48%
8.19% Odisha SDL (MD 09/05/2028)	Sovereign	0.48%
7.97% Assam SDL (MD 18/04/2028)	Sovereign	0.48%
8.29% Haryana SDL (MD 14/03/2028)	Sovereign	0.48%
8.25% Tamilnadu SDL (MD 02/01/2029)	Sovereign	0.48%
7.96% Gujarat SDL (MD 27/04/2026)	Sovereign	0.48%
8.02% Telangana SDL (MD 11/05/2026)	Sovereign	0.48%
8.02% Telangana SDL (MD 25/05/2026)	Sovereign	0.48%
7.52% Tamilnadu SDL (MD 24/05/2027)	Sovereign	0.47%
7.55% Karnataka SDL (MD 25/10/2027)	Sovereign	0.47%
7.64% Karnataka SDL (MD 08/11/2027)	Sovereign	0.47%
7.75% Gujarat SDL (MD 13/12/2027)	Sovereign	0.47%
7.65% Karnataka SDL (MD 06/12/2027)	Sovereign	0.47%
7.77% Andhra Pradesh SDL (MD 10/01/2028)	Sovereign	0.47%
7.53% West Bengal SDL (MD 22/11/2027)	Sovereign	0.47%
7.2% Maharashtra SDL (MD 09/08/2027)	Sovereign	0.46%
7.24% Haryana SDL (MD 18/03/2029)	Sovereign	0.46%
7.11% Tamilnadu SDL (MD 31/07/2029)	Sovereign	0.46%
7.09% Goa SDL (MD 28/08/2029)	Sovereign	0.46%
7.13% Kerala SDL (MD 10/07/2029)	Sovereign	0.46%
7.32% West Bengal SDL (MD 26/06/2029)	Sovereign	0.46%
7.23% Rajasthan SDL (MD 14/06/2027)	Sovereign	0.46%
6.53% Chattisgarh SDL (MD 15/09/2028)	Sovereign	0.45%
6.83% West Bengal SDL (MD 07/07/2028)	Sovereign	0.45%
7.38% Government of India 20-JUN-2027	Sovereign	1.41%
Sub total		75.36%
c) TREPS and Other Receivables and Payables
TREPS Including Cash & Cash Equivalent and Net Current Asset		2.94%
d) Fixed Deposits
5.10% HDFC Bank Ltd FD (MD 29/05/2023)		0.14%
5.25% Axis Bank Margin FD (MD 30/05/2023)		0.09%
5.10% HDFC Bank Ltd FD (MD 30/05/2023)		0.09%
5.10% HDFC Bank Ltd FD (MD 01/06/2023)		0.09%
Sub total		0.41%
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)
31st Oct. 2022	0.0540	0.0540	0.0512	0.0512	10	10.1408	10.0427	10.1920	10.0966
26th Sept 2022	0.0000	0.0000	0.0000	0.0000	10	10.0429	9.9461	10.0429	9.9461
29th Aug 2022	0.1515	0.1515	0.1495	0.1495	10	10.1792	10.0789	10.3287	10.2304

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)*	6.92%	3.96%	-1.19%	11,007	10,572	9,830
October 29, 2021 to October 31, 2022 (Last 1 year)	5.94%	1.97%	-0.96%	10,598	10,198	9,904

*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.

SIP Investment Performance (Assumption : 10,000/- is invested on the first of every month)
Date	Since Inception (26 May, 2021)	October 29, 2021 to October 31, 2022 (Last 1 year)
Total Amount Invested	1,80,000	1,20,000
Market value of Investment (Regular Plan)	1,89,321	1,23,967
(Regular Plan) Returns (Annualised) (%)	6.59%	6.20%
CRISIL Hybrid 85+15 - Conservative Index Returns (Annualised) (%)	3.49%	3.54%
Crisil 10 year Gilt Index Returns (Annualised) (%)	-0.53%	0.17%

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 31-10-2022

Scheme	Units	AUM (in Rs.)
Parag Parikh Conservative Hybrid Fund - Direct Plan Growth	65,314.61	7,22,000.57

We have our Skin in the Game
The combined holding of 'Insiders' in Parag Parikh Conservative Hybrid Fund amounts to ₹6.58 Crores of AUM as at October 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 - October 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: 1.66%* Direct Plan:0.76%* *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 / Additional Purchase Amount	New Purchase: ₹ 1,000 Additional Purchase: ₹ 1,000
Minimum SIP Investment Amount	Monthly SIP: ₹ 1,000, Quarterly SIP: ₹ 3,000

Assets Under Management (AUM) as on Oct. 31, 2022	₹ 27,712.05 Crores
Average AUM for the Month	₹ 27,006.45 Crores

Net Asset Value (NAV) as on Oct. 31, 2022
Regular Plan:	48.6352
Direct Plan:	51.9464

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	0.78
Standard Deviation	19.50%
Sharpe Ratio	0.84
Portfolio Turnover (excl Equity Arbitrage)	14.02%
Portfolio Turnover (incl Equity Arbitrage)	14.51%
- Above figures are annualised. -Risk free rate assumed to be 6.25% (FBIL Overnight MIBOR as on 31st Oct., 2022)

Portfolio Disclosure
Core Equity
Name	Industry	% of Net Assets
Bajaj Holdings & Investment Ltd.	Finance	8.83%
Housing Development Finance Corporation Ltd.	Finance	7.99%
ITC Ltd.	Diversified FMCG	7.64%
ICICI Bank Ltd.	Banks	6.16%
Axis Bank Ltd.	Banks	5.87%
HCL Technologies Ltd.	IT - Software	5.58%
Power Grid Corporation of India Ltd.	Power	5.25%
Coal India Ltd.	Consumable Fuels	4.43%
Hero MotoCorp Ltd.	Automobiles	4.04%
Indian Energy Exchange Ltd.	Capital Markets	2.23%
Central Depository Services (I) Ltd.	Capital Markets	2.12%
Motilal Oswal Financial Services Ltd.	Capital Markets	1.88%
Multi Commodity Exchange of India Ltd.	Capital Markets	1.38%
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals & Biotechnology	1.16%
Zydus Lifesciences Ltd.	Pharmaceuticals & Biotechnology	1.13%
Dr. Reddy's Laboratories Ltd.	Pharmaceuticals & Biotechnology	1.06%
IPCA Laboratories Ltd.	Pharmaceuticals & Biotechnology	0.99%
NMDC Ltd.	Minerals & Mining	0.98%
Balkrishna Industries Ltd.	Auto Components	0.87%
Cipla Ltd.	Pharmaceuticals & Biotechnology	0.86%
ICRA Ltd.	Capital Markets	0.63%
Oracle Financial Services Software Ltd.	IT - Software	0.44%
NMDC Steel Limited	Miscelleneous	0.26%
Maharashtra Scooters Ltd.	Finance	0.15%
Total		71.93%
Overseas Securities, IDRs and ADRs
Alphabet Inc (Google Class A)	Internet & Technology	5.18%
Microsoft Corporation	Internet & Technology	5.03%
Amazon.Com Inc	Consumer Services	3.96%
Meta Platforms Inc	Internet & Technology	1.75%
Suzuki Motor Corporation *	Automobiles	0.57%
Total		16.49%
Debt and Money Market Instruments
FDR	Debt and Money Market Instruments	0.53%
TREPS Including Cash & Cash Equivalent and Net Current Asset	Debt and Money Market Instruments	11.05%
Net Assets		100.00%

# Currency hedge to the extent of approximately 90% of exposure.
^ Traded on US OTC Markets. Underlying shares are listed on Tokyo Stock Exchange
* Yet to be Listed

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)*	18.23%	14.80%	13.82%	48,635	36,827	33,968
October 29, 2021 to October 31, 2022 (Last 1 year)	-3.24%	3.52%	3.30%	9,675	10,354	10,332
October 31, 2019 to October 31, 2022 (Last 3 years)	22.74%	18.03%	16.23%	18,499	16,452	15,709
October 31, 2017 to October 31, 2022 (Last 5 years)	16.51%	12.29%	13.16%	21,482	17,858	18,558

*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 May 24, 2013	October 29, 2021 to October 31, 2022 (Last 1 year)	October 31, 2019 to October 31, 2022 (Last 3 years)	October 31, 2017 to October 31, 2022 (Last 5 years)
Total Amount Invested	1,140,000	1,20,000	3,60,000	6,00,000
Market value of Investment (Regular Plan)	27,36,570	1,21,160	4,90,843	9,76,689
(Regular Plan) Returns (Annualised) (%)	17.64%	1.80%	21.21%	19.57%
Nifty 500 (TRI) Returns (Annualised) (%)	14.70%	10.81%	21.90%	16.81%
Nifty 50 (TRI) Returns (Annualised) (%)	14.11%	11.47%	20.30%	16.25%

*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 were temporarily suspended from February 2, 2022. Further, SEBI vide its letter SEBI/HO/OW/IMD-II/DOF3/P/25095/2022 dated June 17, 2022 has permitted the AMCs to resume subscription and make investments in overseas funds / securities upto the headroom available without breaching the overseas investment limit as of February 01, 2022.

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 31-10-2022

Scheme	Units	AUM (in Rs.)
Parag Parikh Flexi Cap Fund - Direct Plan	3,17,974.98	1,65,17,655.23

We have our Skin in the Game
The combined holding of 'Insiders' in Parag Parikh Flexi Cap Fund amounts to ₹ 304.16 Crores of AUM as at October 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 - October 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: 2.23%* Direct Plan: 0.83%* *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 / Additional Purchase Amount	New Purchase: ₹ 500 and in multiples of ₹ 500 Additional Purchase: ₹ 500 and in multiples of ₹ 500
Minimum SIP Investment Amount	Monthly SIP: ₹ 1,000, Quarterly SIP: ₹ 3,000

Assets Under Management (AUM) as on Oct. 31, 2022	₹ 848.19 Crores
Average AUM for the Month	₹ 809.77 Crores

Net Asset Value (NAV) as on Oct. 31, 2022
Regular Plan: 20.2436	Direct Plan: 21.0999

Entry Load	Not Applicable
Exit Load	NIL

Beta	0.74
Standard Deviation	18.41%
Sharpe Ratio	0.91
Portfolio Turnover	8.87%
- Above figures are annualised.

Core Equity
Name	Industry	% of Net Assets
Bajaj Holdings & Investment Ltd.	Finance	8.37%
Housing Development Finance Corporation Ltd.	Finance	7.40%
ITC Ltd.	Diversified FMCG	6.57%
ICICI Bank Ltd.	Banks	6.04%
Axis Bank Ltd.	Banks	5.74%
Maharashtra Scooters Ltd.	Finance	5.38%
HCL Technologies Ltd.	IT - Software	5.30%
Coal India Ltd.	Consumable Fuels	5.12%
Power Grid Corporation of India Ltd.	Power	5.03%
Tata Consultancy Services Ltd.	IT - Software	4.71%
Wipro Ltd.	IT - Software	4.40%
Maruti Suzuki India Ltd.	Automobiles	3.97%
Hero MotoCorp Ltd.	Automobiles	2.96%
CMS INFOSYSTEMS LTD.	Commercial Services & Supplies	1.98%
Motilal Oswal Financial Services Ltd.	Capital Markets	1.86%
Indian Energy Exchange Ltd.	Capital Markets	1.45%
NMDC Ltd.	Minerals & Mining	1.32%
Central Depository Services (I) Ltd.	Capital Markets	1.17%
Balkrishna Industries Ltd.	Auto Components	1.06%
CCL Products (India) Ltd.	Agricultural Food & other Products	1.04%
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals & Biotechnology	1.03%
Zydus Lifesciences Ltd.	Pharmaceuticals & Biotechnology	1.02%
Cipla Ltd.	Pharmaceuticals & Biotechnology	1.01%
Dr. Reddy's Laboratories Ltd.	Pharmaceuticals & Biotechnology	0.95%
IPCA Laboratories Ltd.	Pharmaceuticals & Biotechnology	0.91%
Multi Commodity Exchange of India Ltd.	Capital Markets	0.88%
ICRA Ltd.	Capital Markets	0.82%
NMDC Steel Limited	Miscellaneous	0.35%
Oracle Financial Services Software Ltd.	IT - Software	0.26%
Total		88.10%
Debt and Money Market Instruments
TREPS Including Cash & Cash Equivalent and Net Current Asset	Debt and Money Market Instruments	11.90%
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)*	24.04%	18.59%	16.80%	20,244	17,474	16,624
October 29, 2021 to October 31, 2022 (Last 1 year)	10.09%	3.52%	3.30%	11,015	10,354	10,332
October 31, 2019 to October 31, 2022 (Last 3 years)	23.43%	18.03%	16.23%	18,814	16,452	15,709

*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	October 29, 2021 to October 31, 2022 (Last 1 year)	October 31, 2019 to October 31, 2022 (Last 3 years)
Total Amount Invested	400,000	120,000	360,000
Market value of Investment (Regular Plan)	607,237	130,995	526,734
(Regular Plan) Returns (Annualised) (%)	25.93%	17.42%	26.36%
Nifty 500 (TRI) Returns (Annualised) (%)	21.39%	10.81%	21.90%
Nifty 50 (TRI) Returns (Annualised) (%)	19.76%	11.47%	20.30%

*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 31-10-2022

Scheme	Units	AUM (in Rs.)
Parag Parikh Tax Saver Fund - Direct Plan	68,842.30	14,52,565.68

We have our Skin in the Game
The combined holding of 'Insiders' in Parag Parikh Tax Saver Fund amounts to ₹26.45 Crores of AUM as at October 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. A Relatively Low Interest Rate Risk and Relatively low Credit Risk

Factsheet - October 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 / Additional Purchase Amount	New Purchase: ₹ 5,000 Additional Purchase: ₹ 1,000
Minimum SIP Investment Amount	Monthly SIP: ₹ 1,000, Quarterly SIP: ₹ 3,000/-

Assets Under Management (AUM) as on Oct. 31, 2022	₹ 1,511.04 Crores
Average AUM for the Month	₹ 1,523.19 Crores

Plan	Direct	Regular
Growth	1223.253	1217.6719
Daily Reinvestment of Income Distribution cum capital withdrawal option	1000.5404	1000.5404
Weekly Reinvestment of Income Distribution cum capital withdrawal option	1001.0000	1001.0000
Monthly Income Distribution cum capital withdrawal option	1003.0000	1003.0000

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)
31st Oct. 2022	5.3914	5.3914	5.2972	5.2972	1,000	1,003	1,003	1,008.2972	1,008.3914
26th Sept. 2022	3.7327	3.7327	3.6584	3.6584	1,000	1,003	1,003	1,006.6584	1,006.7327
29th Aug 2022	4.8986	4.8986	4.8051	4.8051	1,000	1,003	1,003	1007.8051	1007.8986

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)	44.05
Modified duration (Years)	0.1120
Yield to Maturity	6.26%
Macaulay Duration (Years)	0.1182
* Computed on the invested amount

Source: Internal sources

Debt and Money Market Instruments
Name	Rating	% of Net Assets
a) Treasury Bills
182 Days Tbill (MD 03/11/2022)	Sovereign	8.27%
182 Days Tbill (MD 10/11/2022)	Sovereign	8.26%
91 Days Tbill (MD 08/12/2022)	Sovereign	8.22%
91 Days Tbill (MD 05/01/2023)	Sovereign	8.18%
91 Days Tbill (MD 12/01/2023)	Sovereign	8.17%
91 Days Tbill (MD 19/01/2023)	Sovereign	8.16%
91 Days Tbill (MD 15/12/2022)	Sovereign	6.57%
182 Days Tbill (MD 29/12/2022)	Sovereign	4.92%
182 Days Tbill (MD 01/12/2022)	Sovereign	4.28%
91 Days Tbill (MD 01/12/2022)	Sovereign	3.95%
b) Government Securities
6.84% Government of India 19-Dec-2022	Sovereign	2.65%
c) State Government Securities
8.57% Haryana SDL (MD 23/01/2023)	Sovereign	6.65%
9.01% West Bengal SDL (MD 21/11/2022)	Sovereign	6.63%
8.9% Punjab SDL (MD 19/12/2022)	Sovereign	3.32%
8.93% Kerala SDL (MD 19/12/2022)	Sovereign	1.00%
8.68% Bihar SDL (MD 09/01/2023)	Sovereign	0.66%
d) Commercial Paper
HDFC Ltd CP (MD 29/11/2022)	CRISIL A1+	0.66%
Export Import Bank of India CP (MD 06/01/2023)	CRISIL A1+	0.65%
e) Certificate of Deposit
Kotak Mahindra Bank Limited CD (MD 25/11/2022)	CRISIL A1+	0.66%
Axis Bank Limited CD (MD 16/01/2023)	CRISIL A1+	0.65%
f) TREPS and Other Receivables and Payables
TREPS Including Cash & Cash Equivalent and Net Current Asset		6.85%
g) Fixed Deposits
5% HDFC Bank Ltd FD (MD 19/12/2022)		0.17%
6.05% HDFC Bank Ltd FD (MD 04/10/2023)		0.13%
5.5% HDFC Bank Ltd Margin FD (MD 09/10/2023)		0.13%
5.5% HDFC Bank Ltd Margin FD (MD 10/10/2023)		0.07%
5.10% HDFC Bank Ltd FD (MD 22/04/2023)		0.07%
4.9% HDFC Bank Ltd FD (MD 08/11/2022)		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)*	4.50%	5.08%	5.43%	12,177	12,486	12,670
October 24, 2022 to October 31, 2022 (Last 7 Days)	5.65%	6.48%	6.15%	10,011	10,012	10,012
October 16, 2022 to October 31, 2022 (Last 15 days)	5.66%	6.12%	7.68%	10,023	10,025	10,032
September 30, 2022 to October 31, 2022 (Last 1 Month)	5.55%	6.04%	4.00%	10,047	10,051	10,034
October 31, 2021 to October 31, 2022 (Last 1 year)	4.04%	4.52%	3.40%	10,404	10,452	10,340
October 31, 2019 to October 31, 2022 (Last 3 years)	3.67%	4.16%	4.37%	11,144	11,302	11,370

*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 31-10-2022

Scheme	Units	AUM (in Rs.)
Parag Parikh Liquid Fund Direct Plan Growth	927.30	11,34,311.49

We have our Skin in the Game
The combined holding of 'Insiders' in Parag Parikh Liquid Fund amounts to ₹42.01 Crores of AUM as at October 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.

There was a time when it seemed futile to bother to move money out of the savings account to a liquid fund. In some cases, savings bank account interest rates were higher than the prevailing interest rates for treasury bills and commercial paper.

In case you have not noticed, central banks the world over have been increasing their interest rates. In India, yields on 3 month treasury bills have increased from a low of about 2.70%@ in May 2020 to about 6.50%@ now.

It may no longer be profitable to be lethargic and let money lie idle in the savings bank account. You may consider shifting your idle funds inthe savings and current account to a liquid fund.

Rajeev Thakkar

Chief Investment Officer and Director
Monday, November 7, 2022

Investor Helpline:

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

Distributor Helpline:

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