Parag Parikh Conservative Hybrid Fund

An open-ended hybrid scheme investing predominantly in debt instruments

Factsheet - AUGUST 2023

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: 0.63%* Direct Plan: 0.33%* *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 August 31, 2023	₹ 1,515.06 Crores
Average AUM for the Month	₹ 1,502.00 Crores

Net Asset Value (NAV) as on August 31, 2023
Regular Plan	11.8997
Direct Plan	11.9807
Regular Plan - Monthly IDCW	10.3987
Direct Plan - Monthly IDCW	10.3124

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)*	5.05
Modified Duration (Years)*	3.9532
*Yield to Maturity^**	7.52%
Macaulay duration*	4.1020
*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
Indian Railway Finance Corporation Ltd.	Finance	3.31%
Power Grid Corporation of India Ltd.	Power	1.97%
Coal India Ltd.	Consumable Fuels	1.90%
Bajaj Auto Ltd.	Automobiles	1.87%
ITC Ltd.	Diversified FMCG	1.82%
Petronet LNG Ltd.	Gas	1.55%
NMDC Ltd.	Minerals & Mining	1.10%
Sub total		13.52%
Arbitrage
Name	Industry	% of Net Assets
^@ICICI Bank Ltd.	Banks	0.60%
^@Tata Motors Ltd.	Automobiles	0.59%
^@Tech Mahindra Ltd.	IT - Software	0.14%
^@Ashok Leyland Ltd.	Agricultural, Commercial & Construction Vehicles	0.09%
Sub total		1.42%
Total		14.94%
Units issued by REITs & InvITs
Listed / awaiting listing on the stock exchanges
Name	Industry	% of Net Assets
Brookfield India REIT	Realty	3.88%
Embassy Office Parks REIT	Realty	2.93%
Mindspace Business Parks REIT	Realty	1.00%
Sub total		7.81%
Debt and Money Market Instruments
Name	Rating	% of Net Assets
Commercial Paper
HDFC Bank Ltd. CP (MD 23/11/2023)	CRISIL A1+	1.62%
Sub total		1.62%
Corporate Bond
7.05% NHB Taxable NCD (MD 18/12/2024)	CRISIL AAA	1.64%
7.7% India Grid Trust Ser 3 (MD 06/05/2028)	CRISIL AAA	0.33%
Sub total		1.97%
Government Securities
8.08% Tamilnadu SDL (MD 26/12/2028)	Sovereign	2.38%
7.83% Maharashtra SDL (MD 08/04/2030)	Sovereign	2.36%
7.76% Maharashtra SDL (MD 04/10/2030)	Sovereign	2.35%
7.7% Maharashtra SDL (MD 19/10/2030)	Sovereign	2.34%
8.37% Tamil Nadu SDL (MD 05/12/2028)	Sovereign	2.06%
8.36% Tamil Nadu SDL (MD 12/12/2028)	Sovereign	2.06%
7.78% Maharashtra SDL (MD 27/10/2030)	Sovereign	2.02%
7.68% Gujarat SDL (MD 15/02/2030)	Sovereign	2.00%
8.57% Gujarat SDL (MD 06/11/2028)	Sovereign	1.73%
8.18% Tamilnadu SDL (MD 19/12/2028)	Sovereign	1.70%
8.16% Rajasthan SDL (MD 09/05/2028)	Sovereign	1.70%
7.86% Maharashtra SDL (MD 08/06/2030)	Sovereign	1.69%
8% Kerala SDL (MD 11/04/2028)	Sovereign	1.68%
7.92% Uttar Pradesh SDL (MD 24/01/2028)	Sovereign	1.68%
7.7% Andhra Pradesh SDL (MD 22/02/2030)	Sovereign	1.67%
7.7% Andhra Pradesh SDL (MD 23/03/2030)	Sovereign	1.67%
8.34% Punjab SDL (MD 30/05/2028)	Sovereign	1.37%
7.38% GOI (MD 20/06/2027)	Sovereign	1.33%
7.63% Haryana SDL (MD 01/06/2028)	Sovereign	1.33%
8.48% Kerala SDL (MD 08/08/2030)	Sovereign	1.04%
8.42% Madhya Pradesh SDL (MD 08/08/2028)	Sovereign	1.03%
8.43% Punjab SDL (MD 05/12/2028)	Sovereign	1.03%
8.29% West Bengal SDL (MD 21/02/2028)	Sovereign	1.02%
8.33% Kerala SDL (MD 30/05/2028)	Sovereign	1.02%
8.15% Tamil Nadu SDL (MD 09/05/2028)	Sovereign	1.02%
8.08% Maharashtra SDL (MD 26/12/2028)	Sovereign	1.02%
6.98% Telangana SDL (MD 22/04/2028)	Sovereign	0.97%
6.79% West Bangal SDL (MD 30/06/2028)	Sovereign	0.96%
8.45% Uttar Pradesh SDL (MD 27/06/2028)	Sovereign	0.69%
8.5% Gujarat SDL (MD 28/11/2028)	Sovereign	0.69%
8.37% Madhya Pradesh SDL (MD 05/12/2028)	Sovereign	0.69%
8.45% Uttar Pradesh SDL (MD 27/02/2029)	Sovereign	0.69%
8.43% Goa SDL (MD 13/03/2029)	Sovereign	0.69%
8.15% Chhattisgarh SDL (MD 27/03/2028)	Sovereign	0.68%
8.41% Kerala SDL (MD 06/06/2028)	Sovereign	0.68%
8.08% Karnataka SDL (MD 26/12/2028)	Sovereign	0.68%
8.2% Uttarakhand SDL (MD 09/05/2028)	Sovereign	0.68%
7.99% Punjab SDL (MD 11/04/2028)	Sovereign	0.67%
7.6% Maharashtra SDL (MD 15/04/2030)	Sovereign	0.67%
7.63% Maharashtra SDL (MD 11/05/2030)	Sovereign	0.67%
7.5% Telangana SDL (MD 15/04/2028)	Sovereign	0.66%
7.41% Andhra Pradesh SDL (MD 26/04/2030)	Sovereign	0.66%
7.15% Karnataka SDL (MD 09/10/2028)	Sovereign	0.65%
6.99% Telangana SDL (MD 10/06/2028)	Sovereign	0.65%
6.82% Bihar SDL (MD 14/07/2028)	Sovereign	0.64%
8.63% Rajasthan SDL (MD 03/09/2028)	Sovereign	0.35%
8.84 % Rajasthan SDL 12/09/2028	Sovereign	0.35%
8.7% Gujarat SDL (MD 19/09/2028)	Sovereign	0.35%
8.65% Rajasthan SDL (MD 03/10/2028)	Sovereign	0.35%
8.73% Uttar Pradesh SDL (MD 10/10/2028)	Sovereign	0.35%
8.53% Gujarat SDL (MD 20/11/2028)	Sovereign	0.35%
8.61% Punjab SDL (MD 14/11/2028)	Sovereign	0.35%
8.5% Andhra Pradesh SDL (MD 28/03/2029)	Sovereign	0.34%
8.11% Chattisgarh SDL (MD 31/01/2028)	Sovereign	0.34%
8.13% Rajasthan SDL (MD 27/03/2028)	Sovereign	0.34%
8.05% Tamilnadu SDL (MD 18/04/2028)	Sovereign	0.34%
8.39% Andhra Pradesh SDL (MD 23/05/2028)	Sovereign	0.34%
8.17% Gujarat SDL (MD 19/12/2028)	Sovereign	0.34%
8.08% Gujarat SDL (MD 26/12/2028)	Sovereign	0.34%
8.28% Gujarat SDL (MD 20/02/2029)	Sovereign	0.34%
8.39% Uttar Pradesh SDL (MD 13/03/2029)	Sovereign	0.34%
8.43% Uttar Pradesh SDL (MD 06/03/2029)	Sovereign	0.34%
7.98% Uttar Pradesh SDL (MD 11/04/2028)	Sovereign	0.34%
8.31% Jharkhand SDL (MD 13/02/2029)	Sovereign	0.34%
7.86% Haryana SDL (MD 27/12/2027)	Sovereign	0.34%
8.21% West Bengal SDL (MD 23/01/2029)	Sovereign	0.34%
8.09% West Bengal SDL (MD 27/03/2028)	Sovereign	0.34%
8.2% Jammu and Kashmir SDL (MD 30/01/2029)	Sovereign	0.34%
8.19% Odisha SDL (MD 09/05/2028)	Sovereign	0.34%
7.97% Assam SDL (MD 18/04/2028)	Sovereign	0.34%
8.29% Haryana SDL (MD 14/03/2028)	Sovereign	0.34%
8.25% Tamilnadu SDL (MD 02/01/2029)	Sovereign	0.34%
8.49% Uttarakhand SDL (MD 21/08/2028)	Sovereign	0.34%
8.4% Rajasthan SDL (MD 20/06/2028)	Sovereign	0.34%
8.4% Andhra Pradesh SDL (MD 20/06/2028)	Sovereign	0.34%
8.44% West Bengal SDL (MD 27/06/2028)	Sovereign	0.34%
7.72% Maharashtra SDL (MD 01/03/2031)	Sovereign	0.34%
7.24% Haryana SDL (MD 18/03/2029)	Sovereign	0.33%
7.11% Tamilnadu SDL (MD 31/07/2029)	Sovereign	0.33%
7.77% Andhra Pradesh SDL (MD 10/01/2028)	Sovereign	0.33%
7.13% Kerala SDL (MD 10/07/2029)	Sovereign	0.33%
7.32% West Bengal SDL (MD 26/06/2029)	Sovereign	0.33%
7.61% Maharashtra SDL (MD 11/05/2029)	Sovereign	0.33%
7.54% Andhra Pradesh SDL (MD 11/01/2029)	Sovereign	0.33%
6.53% Chattisgarh SDL (MD 15/09/2028)	Sovereign	0.32%
7.09% Goa SDL (MD 28/08/2029)	Sovereign	0.32%
6.83% West Bengal SDL (MD 07/07/2028)	Sovereign	0.32%
6.46% Rajasthan SDL (MD 12/08/2030)	Sovereign	0.31%
Sub total		70.20%
TREPS and Other Receivables and Payables
TREPS Including Cash & Cash Equivalent and Net Current Asset		3.08%
Sub total		3.08%
Fixed Deposits
6% HDFC Bank Ltd Margin FD (MD 28/05/2024)		0.10%
6% HDFC Bank Ltd Margin FD (MD 29/05/2024)		0.07%
6.6% HDFC Bank Ltd Margin FD (MD 01/06/2024)		0.07%
6.75% Axis Bank Margin FD (MD 30/05/2024)		0.07%
7.1% Axis Bank Margin FD (MD 14/02/2024)		0.07%
Sub total		0.38%
Net Assets		100.00%

^@ Hedged by offsetting derivative position

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)
28 ^thAug 2023	0.0525	0.0525	0.0611	0.0611	10	10.3759	10.2895	10.4369	10.3421
31^st July 2023	0.0621	0.0621	0.0471	0.0471	10	10.3984	10.3016	10.4455	10.3637
26^th Jun 2023	0.0461	0.0461	0.0501	0.0501	10	10.2731	10.1896	10.3232	10.2358

Lumpsum Investment Performance (Compounded annual 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 (May 26, 2021)*	7.98%	5.77%	2.63%	11,900	11,355	10,606
August 30, 2022 to August 31, 2023 (Last 1 year)	7.90%	7.39%	6.88%	10,792	10,741	10,689

*Since inception returns are calculated on Rs. 10 (allotment price)
Note:

Different plans shall have different expense structures.
Scheme returns shown are for regular plans.
Past performance may or may not be sustained in the future.
Data presented here is upto the last calendar month.
Greater than 1 year returns are CAGR returns.

SIP Investment Performance (Assumption : 10,000/- is invested on the first of every month)
Date	Since Inception from May 26, 2021	August 30, 2022 to August 31, 2023 (Last 1 year)
Total Amount Invested	2,80,000	1,20,000
Market value of Investment (Regular Plan)	3,09,045	1,26,119
(Regular Plan) Returns (Annualised) (%)	8.42%	9.61%
CRISIL Hybrid 85+15 - Conservative Index Returns (Annualised) (%)	6.64%	9.09%
Crisil 10 year Gilt Index Returns (Annualised) (%)	4.97%	8.05%

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 31-08-2023.

Scheme	Units	AUM (in Rs.)
Parag Parikh Conservative Hybrid Fund - Direct Plan Growth	1,57,232.49	18,83,283.54

We have our Skin in the Game
The combined holding of 'Insiders' in Parag Parikh Conservative Hybrid Fund amounts to ₹ 7.95 Crores of AUM as at August 31, 2023. 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 - AUGUST 2023

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: 1.47%* Direct Plan: 0.67%* *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 August 31, 2023	₹ 40,760.38 Crores
Average AUM for the Month	₹ 39,960.05 Crores

Net Asset Value (NAV) as on August 31, 2023
Regular Plan:	57.0238
Direct Plan:	61.3231

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. Above exit load structure is applicable prospectively, for all investments (including SIP/STP and SWP registered) with effect from 15th Nov 2021.

Beta	0.64
Standard Deviation	11.70%
Sharpe Ratio	1.24
Portfolio Turnover (excl Equity Arbitrage)	3.72%
Portfolio Turnover (incl Equity Arbitrage)	42.93%
- Above figures are annualised. - Risk free rate assumed to be 6.69% (FBIL Overnight MIBOR as on 31st Aug., 2023)

Portfolio Disclosure
Core Equity
Name	Industry	% of Net Assets
HDFC Bank Ltd.	Banks	8.01%
Bajaj Holdings & Investment Ltd.	Finance	6.92%
ITC Ltd.	Diversified FMCG	6.55%
Axis Bank Ltd.	Banks	5.61%
ICICI Bank Ltd.	Banks	5.48%
Coal India Ltd.	Consumable Fuels	5.20%
HCL Technologies Ltd.	IT - Software	5.18%
Power Grid Corporation of India Ltd.	Power	4.92%
Maruti Suzuki India Ltd.	Automobiles	4.17%
Motilal Oswal Financial Services Ltd.	Capital Markets	1.72%
Infosys Ltd.	IT - Software	1.66%
NMDC Ltd.	Minerals & Mining	1.58%
Indian Energy Exchange Ltd.	Capital Markets	1.37%
Central Depository Services (India) Ltd.	Capital Markets	1.34%
Cipla Ltd.	Pharmaceuticals & Biotechnology	1.12%
Zydus Lifesciences Ltd.	Pharmaceuticals & Biotechnology	1.11%
Multi Commodity Exchange of India Ltd.	Capital Markets	1.03%
Dr. Reddy's Laboratories Ltd.	Pharmaceuticals & Biotechnology	0.92%
IPCA Laboratories Ltd.	Pharmaceuticals & Biotechnology	0.76%
Balkrishna Industries Ltd.	Auto Components	0.70%
ICRA Ltd.	Capital Markets	0.61%
UTI Asset Management Company Ltd.	Capital Markets	0.56%
Oracle Financial Services Software Ltd.	IT - Software	0.42%
NMDC Steel Ltd.	Ferrous Metals	0.37%
Maharashtra Scooters Ltd.	Finance	0.14%
Total		67.45%
Arbitrage
^@Bajaj Finance Ltd	Finance	0.79%
^@IndusInd Bank Ltd	Banks	0.36%
^@Hindustan Unilever Ltd	Diversified FMCG	0.13%
^@Tech Mahindra Ltd	IT - Software	0.12%
^@Tata Motors Ltd	Automobiles	0.07%
^@Bank of Baroda	Banks	0.06%
^@Tata Consultancy Services Ltd	IT - Software	0.05%
^@Reliance Industries Ltd	Petroleum Products	0.02%
^@HDFC Life Insurance Company Ltd	Insurance	0.01%
^@Canara Bank	Banks	0.01%
^@United Spirits Ltd	Beverages	0.01%
Sub total		1.61%
Total		69.06%
Overseas Securities, IDRS and ADRs
^#Alphabet Inc (Google Class A)	Internet and Technology	5.17%
^#Microsoft Corporation	Internet and Technology	4.87%
^#Amazon.Com Inc	Consumer Services	3.81%
^#Meta Platforms Registered Shares A	Internet and Technology	3.55%
Total		17.40%
Debt and Money Market Instruments
Certificate of Deposit	Rating
Bank of Baroda CD (MD 30/11/2023)	IND A1+	0.06%
National Bank For Agriculture and Rural Development CD (MD 23/01/2024)	CRISIL A1+	0.06%
State Bank of India CD (MD 17/05/2024)	CARE A1+	0.06%
Axis Bank Ltd. CD (MD 17/05/2024)	CRISIL A1+	0.06%
Kotak Mahindra Bank Ltd. CD (MD 22/05/2024)	CRISIL A1+	0.06%
ICICI Bank Ltd. CD (MD 13/06/2024)	ICRA A1+	0.06%
Total		0.36%
Commercial Paper	Rating
HDFC Bank Ltd. CP (MD 22/04/2024)	CRISIL A1+	0.06%
Total		0.06%
FDR	Cash & Cash Equivalent	0.55%
364 Days Tbill (MD 06/06/2024)	Sovereign	0.01%
TREPS Including Cash & Cash Equivalent and Net Current Asset	Cash & Cash Equivalent	12.56%
Sub total		13.11%
Net Assets		100.00%

^# Currency hedge to the extent of approximately 68.82% of exposure.
^@ Hedged by offsetting derivative position

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)*	18.46%	14.64%	13.47%	57,024	40,725	36,643
August 30, 2022 to August 31, 2023 (Last 1 year)	18.42%	11.39%	9.50%	11,848	11,142	10,953
August 31, 2020 to August 31, 2023 (Last 3 years)	22.53%	23.10%	20.58%	18,398	18,655	17,532
August 31, 2018 to August 31, 2023 (Last 5 years)	17.23%	12.33%	11.83%	22,148	17,893	17,495
August 30, 2013 to August 31, 2023 (Last 10 years)	19.44%	16.31%	14.79%	59,198	45,362	39,760

*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	August 30, 2022 to August 31, 2023 (Last 1 year)	August 31, 2020 to August 31, 2023 (Last 3 years)	August 31, 2018 to August 31, 2023 (Last 5 years)	August 30, 2013 to August 31, 2023 (Last 10 years)
Total Amount Invested	12,40,000	1,20,000	3,60,000	6,00,000	12,00,000
Market value of Investment (Regular Plan)	33,20,155	1,35,726	4,64,535	10,13,491	30,90,690
(Regular Plan) Returns (Annualised) (%)	18.07%	25.22%	17.29%	21.11%	18.00%
Nifty 500 (TRI) Returns (Annualised) (%)	14.49%	19.72%	15.83%	17.38%	14.43%
Nifty 50 (TRI) Returns (Annualised) (%)	13.52%	13.48%	13.41%	15.45%	13.50%

*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 31-08-2023

Scheme	Units	AUM (in Rs.)
Parag Parikh Flexi Cap Fund - Direct Plan	7,19,154.81	4,40,44,852.62

We have our Skin in the Game
The combined holding of 'Insiders' in Parag Parikh Flexi Cap Fund amounts to ₹ 332.26 Crores of AUM as at August 31, 2023For 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

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

Factsheet - AUGUST 2023

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: 1.87%* Direct Plan: 0.77%* *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 August 31, 2023	₹ 1,932.37 Crores
Average AUM for the Month	₹ 1,877.54 Crores

Net Asset Value (NAV) as on August 31, 2023
Regular Plan: 22.3490	Direct Plan: 23.5290

Entry Load	Not Applicable
Exit Load	NIL

Beta	0.57
Standard Deviation	10.43%
Sharpe Ratio	1.49
Portfolio Turnover	3.19%
- Above figures are annualised. -Risk free rate assumed to be 6.69% (FBIL Overnight MIBOR as on 31^st Aug., 2023)

Core Equity
Name	Industry	% of Net Assets
HDFC Bank Ltd	Banks	7.99%
Bajaj Holdings & Investment Ltd.	Finance	7.02%
Maharashtra Scooters Ltd.	Finance	5.67%
Axis Bank Ltd.	Banks	5.52%
ICICI Bank Ltd.	Banks	5.48%
Coal India Ltd.	Consumable Fuels	5.20%
Maruti Suzuki India Ltd.	Automobiles	5.16%
HCL Technologies Ltd.	IT - Software	5.02%
Tata Consultancy Services Ltd.	IT - Software	4.94%
Power Grid Corporation of India Ltd.	Power	4.89%
Wipro Ltd.	IT - Software	4.03%
ITC Ltd.	Diversified FMCG	3.63%
Infosys Ltd	IT - Software	2.89%
VST Industries Ltd	Cigarettes & Tobacco Products	1.82%
NMDC Ltd.	Minerals & Mining	1.58%
UTI Asset Management Company Ltd	Capital Markets	1.43%
CMS Infosystems Ltd.	Commercial Services & Supplies	1.33%
Cipla Ltd.	Pharmaceuticals & Biotechnology	1.11%
Motilal Oswal Financial Services Ltd.	Capital Markets	1.10%
Dr. Reddy's Laboratories Ltd.	Pharmaceuticals & Biotechnology	1.04%
Zydus Lifesciences Ltd.	Pharmaceuticals & Biotechnology	1.01%
IPCA Laboratories Ltd.	Pharmaceuticals & Biotechnology	0.79%
Indian Energy Exchange Ltd.	Capital Markets	0.57%
Balkrishna Industries Ltd.	Auto Components	0.55%
CCL Products (India) Ltd.	Agricultural Food & other Products	0.55%
ICRA Ltd.	Capital Markets	0.50%
Central Depository Services (India) Ltd.	Capital Markets	0.48%
Multi Commodity Exchange of India Ltd.	Capital Markets	0.43%
NMDC Steel Ltd.	Ferrous metals	0.33%
Oracle Financial Services Software Ltd.	IT - Software	0.16%
Total		82.22%
Debt and Money Market Instruments
Certificate of Deposit	Rating
National Bank For Agri & Rural CD (MD 23/01/2024)	CRISIL A1+	1.26%
ICICI Bank Ltd. CD (MD 13/06/2024)	ICRA A1+	1.22%
Axis Bank Ltd. CD (MD 19/06/2024)	CRISIL A1+	1.22%
Total		3.70%
Commercial Paper	Rating
HDFC Bank Ltd. CP (MD 22/04/2024)	CRISIL A1+	1.23%
Total		1.23%
TREPS Including Cash & Cash Equivalent and Net Current Asset	Cash & Cash Equivalent	12.85%
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 (July 24, 2019)*	21.63%	17.40%	15.28%	22,349	19,323	17,933
August 30, 2022 to August 31, 2023 (Last 1 year)	16.87%	11.39%	9.50%	11,692	11,142	10,953
August 31, 2020 to August 31, 2023 (Last 3 years)	23.98%	23.10%	20.58%	19,057	18,655	17,532

*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.
Greater than 1 year returns are CAGR returns.

SIP Investment Performance (Assumption : 10,000/- is invested on the first of every month)
Date	Since Inception from July 24, 2019	August 30, 2022 to August 31, 2023 (Last 1 year)	August 31, 2020 to August 31, 2023 (Last 3 years)
Total Amount Invested	5,00,000	1,20,000	3,60,000
Market value of Investment (Regular Plan)	7,78,921	1,32,010	4,69,170
(Regular Plan) Returns (Annualised) (%)	21.65%	19.11%	17.99%
Nifty 500 (TRI) Returns (Annualised) (%)	18.78%	19.72%	15.83%
Nifty 50 (TRI) Returns (Annualised) (%)	16.40%	13.48%	13.41%

*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

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 31-08-2023.

Scheme	Units	AUM (in Rs.)
Parag Parikh Tax Saver Fund - Direct Plan	1,09,675.79	25,76,042.88

We have our Skin in the Game
The combined holding of 'Insiders' in Parag Parikh Tax Saver Fund amounts to ₹ 46.10 Crores of AUM as at August 31, 2023.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 - AUGUST 2023

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. However, there is no assurance that the investment objective of the scheme will be realized and the scheme does not assure or guarantee any returns.
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 Debt A-I 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 August 31, 2023	₹ 1,803.06 Crores
Average AUM for the Month	₹ 1,770.89 Crores

Plan	Direct	Regular
Growth	1289.9206	1282.9838
Daily Reinvestment of Income Distribution cum capital withdrawal option	1000.5405	1000.5404
Weekly Reinvestment of Income Distribution cum capital withdrawal option	1001.5698	1001.5615
Monthly Income Distribution cum capital withdrawal option	1003.5707	1003.5627

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)
28^th Aug 2023	₹ 4.9424	₹ 4.9424	₹ 4.8642	₹ 4.8642	1,000	1,003	1,003	1007.8642	1007.9424
31^st July 2023	₹ 6.3362	₹ 6.3362	₹ 6.2394	₹ 6.2394	1,000	1,003	1,003	1009.2394	1009.3362
26^th Jun 2023	₹ 4.9631	₹ 4.9631	₹ 4.8858	₹ 4.8858	1,000	1,003	1,003	1007.8858	1007.9631

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)	45.87
Modified duration (Years)	0.1153
Yield to Maturity	6.73%
Macaulay Duration (Years)	0.1231
* Computed on the invested amount

Source: Internal sources

Treasury Bills
Name	Rating	% of Net Assets
91 Days Tbill (MD 09/11/2023)	Sovereign	8.21%
182 Days Tbill (MD 23/11/2023)	Sovereign	8.19%
91 Days Tbill (MD 12/10/2023)	Sovereign	6.88%
91 Days Tbill (MD 19/10/2023)	Sovereign	6.87%
91 Days Tbill (MD 26/10/2023)	Sovereign	6.86%
91 Days Tbill (MD 02/11/2023)	Sovereign	6.85%
91 Days Tbill (MD 05/10/2023)	Sovereign	5.79%
91 Days Tbill (MD 07/09/2023)	Sovereign	5.54%
182 Days Tbill (MD 14/09/2023)	Sovereign	5.53%
182 Days Tbill (MD 22/09/2023)	Sovereign	5.53%
91 Days Tbill (MD 30/11/2023)	Sovereign	4.09%
182 Days Tbill (MD 05/10/2023)	Sovereign	2.76%
91 Days Tbill (MD 17/11/2023)	Sovereign	2.73%
182 Days Tbill (MD 29/09/2023)	Sovereign	2.48%
364 Days Tbill (MD 28/09/2023)	Sovereign	2.21%
364 Days Tbill (MD 12/10/2023)	Sovereign	1.38%
Sub Total		81.90%
Government Securities
9.39% Tamilnadu SDL (MD 20/11/2023)	Sovereign	2.79%
Sub Total		2.79%
Commercial Paper
National Bank For Agri & Rural CP (MD 04/09/2023)	ICRA A1+	1.39%
HDFC Bank Ltd. CP (MD 18/10/2023)	CRISIL A1+	1.37%
Sub Total		2.76%
Certificate of Deposit
Bank of Baroda CD (MD 12/09/2023)	IND A1+	1.38%
ICICI Bank Ltd. CD (MD 11/09/2023)	ICRA A1+	1.38%
State Bank of India CD (MD 12/09/2023)	CARE A1+	1.38%
Axis Bank Ltd. CD (MD 07/09/2023)	CRISIL A1+	1.38%
Kotak Mahindra Bank Ltd. CD (MD 30/11/2023)	CRISIL A1+	1.36%
Sub Total		6.88%
TREPS and Other Receivables and Payables
TREPS Including Cash & Cash Equivalent and Net Current Asset		5.02%
Fixed Deposits
6.5% HDFC Bank Ltd Margin FD (MD 19/12/2023)		0.14%
6.05% HDFC Bank Ltd Margin FD (MD 04/10/2023)		0.11%
5.5% HDFC Bank Ltd Margin FD (MD 09/10/2023)		0.11%
7.25% HDFC Bank Ltd Margin FD (MD 18/07/2024)		0.11%
5.5% HDFC Bank Ltd Margin FD (MD 10/10/2023)		0.06%
6.6% HDFC Bank Ltd Margin FD (MD 08/02/2024)		0.06%
6.6% HDFC Bank Ltd Margin FD (MD 22/04/2024)		0.06%
Sub Total		0.65%
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 Debt A-I Index	CRISIL 1 year T-bill Index	PPLF (Regular)	CRISIL Liquid Debt A-I Index	CRISIL 1 year T-bill Index
Since Inception (May 11, 2018)*	4.81%	5.38%	5.68%	12,830	13,207	13,408
August 24, 2023 to August 31, 2023 (Last 7 Days)	6.62%	6.96%	8.41%	10,013	10,013	10,016
August 16, 2023 to August 31, 2023 (Last 15 days)	6.51%	6.80%	5.50%	10,027	10,028	10,023
July 31, 2022 to August 31, 2023 (Last 1 Month)	6.38%	6.76%	5.72%	10,054	10,057	10,049
August 31, 2022 to August 31, 2023 (Last 1 year)	6.28%	6.79%	6.39%	10,628	10,679	10,639
August 31, 2020 to August 31, 2023 (Last 3 years)	4.32%	4.75%	4.49%	11,352	11,494	11,408
August 31, 2018 to August 31, 2023 (Last 5 years)	4.72%	5.27%	5.71%	12,593	12,931	13,205

*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 31-08-2023

Scheme	Units	AUM (in Rs.)
Parag Parikh Liquid Fund Direct Plan Growth	1,728.50	22,29,167.47

We have our Skin in the Game
The combined holding of 'Insiders' in Parag Parikh Liquid Fund amounts to ₹ 50.10 Crores of AUM as at August 31, 2023. 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 - August 2023

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] or 91-22-6140-6538
[email protected] [For queries/complaints]