Parag Parikh Conservative Hybrid Fund

An open-ended hybrid scheme investing predominantly in debt instruments

Factsheet - DECEMBER 2024

Name of the fund	Parag Parikh Conservative Hybrid Fund (PPCHF)
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 achieved.
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) Ms. Mansi Kariya - Co - Fund Manager-Debt (Since December 22, 2023)
Month End Expense Ratio	Regular Plan: 0.65%* Direct Plan: 0.35%* *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 Dec 31, 2024	₹ 2,347.16 Crores
Average AUM for the Month	₹ 2,337.05 Crores

Net Asset Value (NAV) as on Dec 31, 2024
Regular Plan	14.3234
Direct Plan	14.4784
Regular Plan - Monthly IDCW	10.7386
Direct Plan - Monthly IDCW	10.7681

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. Any exit load charged (net off GST, if any) shall be credited back to the Scheme.

Average Maturity (Years)*	3.87
*Modified Duration (Years)^#**	3.1068
*Yield to Maturity^{^#$}**	7.27%
*Macaulay duration (Years)^#**	3.2244
*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. # All the above ratios are computed excluding investment in CDMDF units $ Applicable for both regular and direct plan

Equity and Equity Related Instruments
Name	Industry	% of Net Assets
Petronet LNG Limited	Gas	2.46%
ITC Limited	Diversified FMCG	2.06%
Coal India Limited	Consumable Fuels	2.01%
Power Grid Corporation of India Limited	Power	1.99%
Swaraj Engines Limited	Industrial Products	0.78%
Sub total		9.30%
Arbitrage and Special Situations
Name	Industry	% of Net Assets
Reliance Industries Limited	Petroleum Products	0.87%
Kotak Mahindra Bank Limited	Banks	0.37%
Tata Motors Limited	Automobiles	0.35%
Axis Bank Limited	Banks	0.31%
ICICI Bank Limited	Banks	0.23%
Punjab National Bank	Banks	0.18%
Bank of Baroda	Banks	0.10%
HDFC Bank Limited	Banks	0.07%
GMR Airports Limited	Transport Infrastructure	0.05%
IndusInd Bank Limited	Banks	0.03%
Indian Oil Corporation Limited	Petroleum Products	0.03%
Steel Authority of India Limited	Ferrous Metals	0.03%
Jio Financial Services Limited	Finance	$0.00%
Sub total		2.62%
Special Situation
Name	Industry	% of Net Assets
Kesoram Industries Limited/ Ultratech Cement	Cement & Cement Products	1.18%
Sub total		1.18%
Total		13.10%
Units issued by REITs & InvITs
Listed / awaiting listing on the stock exchanges
Name	Industry	% of Net Assets
Brookfield India Real Estate Trust	Realty	4.03%
Embassy Office Parks REIT	Realty	2.42%
Mindspace Business Parks REIT	Realty	0.76%
Sub total		7.21%
Debt and Money Market Instruments
Name	Rating	% of Net Assets
Certificate of Deposit
Punjab National Bank (15/05/2025)	CRISIL A1+	2.28%
Axis Bank Limited (05/06/2025)	CRISIL A1+	2.06%
Kotak Mahindra Bank Limited (24/07/2025)	CRISIL A1+	1.43%
HDFC Bank Limited (24/06/2025)	CRISIL A1+	1.03%
HDFC Bank Limited (11/07/2025)	CARE A1+	1.02%
HDFC Bank Limited (25/07/2025)	CARE A1+	1.02%
Axis Bank Limited (05/09/2025)	CRISIL A1+	1.01%
ICICI Bank Limited (25/07/2025)	ICRA A1+	0.82%
Kotak Mahindra Bank Limited (09/05/2025)	CRISIL A1+	0.62%
Kotak Mahindra Bank Limited (15/05/2025)	CRISIL A1+	0.41%
Bank of Baroda (15/05/2025)	IND A1+	0.21%
Sub total		11.91%
Corporate Bond
6.88% REC Ltd Sr 190 A (MD 20/03/2025)	CRISIL AAA	1.49%
7.58% Power Fin Corp NCD Sr222 (MD15/01/2026)	CRISIL AAA	1.06%
7.57% NABARD Sr 23G NCD (MD 19/03/2026)	CRISIL AAA	1.06%
7.50% NABARD Sr 24A NCD (MD 31/08/2026)	CRISIL AAA	1.06%
7.68% IRFC NCD Series 173 (MD 24/11/2026)	CRISIL AAA	0.86%
7.37% Power Fin Corp NCD Sr 230 (MD 22/05/2026)	CRISIL AAA	0.85%
8.39% Power Finance Corp Ltd NCD SrC (MD19/04/25)	CRISIL AAA	0.64%
7.77% REC Ltd NCD Ser 227 A (MD 30/09/2026)	CRISIL AAA	0.64%
7.87% India Grid Trust Ser Y (MD 24/02/2027)	CRISIL AAA	0.21%
7.70% NABARD Ser 25A NCD (MD 30/09/2027)	ICRA AAA	0.21%
7.64% REC Ltd NCD Ser 225 (MD 30/06/2026)	CRISIL AAA	0.21%
7.58% NABARD Sr 23H NCD (MD 31/07/2026)	CRISIL AAA	0.21%
7.4% National Hsg Bank Ltd NCD (16/07/2026)	CRISIL AAA	0.21%
7.7% India Grid Trust Ser 3 (MD 06/05/2028)	CRISIL AAA	0.21%
Sub total		8.92%
Government securities/State Development Loans (SDLs)
7.33% Maharashtra SDL (MD 31/05/2031)	Sovereign	2.15%
7.14% Karnataka SDL (MD 12/01/2032)	Sovereign	2.13%
7.76% Maharashtra SDL (MD 04/10/2030)	Sovereign	1.98%
7.7% Maharashtra SDL (MD 19/10/2030)	Sovereign	1.75%
7.83% Maharashtra SDL (MD 08/04/2030)	Sovereign	1.54%
7.72% Maharashtra SDL (MD 23/03/2032)	Sovereign	1.32%
7.78% Maharashtra SDL (MD 27/10/2030)	Sovereign	1.32%
7.68% Gujarat SDL (MD 15/02/2030)	Sovereign	1.31%
7.7% Andhra Pradesh SDL (MD 22/02/2030)	Sovereign	1.31%
6.9% Gujarat SDL (MD 31/03/2030)	Sovereign	1.27%
Other Government Securities	Sovereign	40.04%
Sub total		56.12%
Treasury Bills
364 Days Tbill (MD 21/11/2025)	Sovereign	0.20%
Sub total		0.20%
Mutual Fund Units
Parag Parikh Liquid Fund- Direct Plan- Growth		0.62%
Sub total		0.62%
Corporate Debt Market Development Fund A2
Corporate Debt Market Development Fund - Class A2 Units		0.23%
Sub total		0.23%
TREPS and Other Receivables and Payables
TREPS Including Cash & Cash Equivalent and Net Current Asset		1.69%
Sub total		1.69%
Net Assets		100.00%

^@ Hedged by offsetting derivative position

Source: Internal sources

Dividend History - Monthly Income Distribution cum capital Withdrawal option (In INR)
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)
Dec 30, 2024	0.0506	0.0506	0.0587	0.0587	10.0000	10.7284	10.7578	10.7871	10.8084
Nov 25, 2024	0.0722	0.0722	0.0901	0.0901	10.0000	10.8022	10.8205	10.8923	10.8927
Oct 28, 2024	0.0895	0.0895	0.1261	0.1261	10.0000	10.8373	10.8352	10.9634	10.9247

Lumpsum Investment Performance (Compounded annual returns)
Date	Scheme		Tier I Benchmark	Additional Benchmark	Value of Investment of Rs. 10,000/-
Date	PPCHF (Regular)	PPCHF (Direct)	CRISIL Hybrid 85+15 Conservative Index	CRISIL 10 year Gilt Index	PPCHF (Regular)	PPCHF (Direct)	CRISIL Hybrid 85+15 Conservative Index	CRISIL 10 year Gilt Index
Since Inception (May 26, 2021)*	10.49%	10.82%	7.45%	4.82%	14,323	14,478	12,956	11,849
Dec 29, 2023 to Dec 31, 2024 (Last 1 Year)	12.38%	12.72%	9.78%	9.51%	11,249	11,283	10,986	10,960
Dec 31, 2021 to Dec 31, 2024 (Last 3 Years)	11.20%	11.53%	7.55%	5.87%	13,755	13,878	12,443	11,868

*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 future and is not a guarantee of any future returns
Data presented here is upto the last calendar month.
Greater than 1 year returns are CAGR returns.

1 Year Rolling Return	Average	Maximum	Minimum	Std. Deviation
Parag Parikh Conservative Hybrid Fund - Reg - Growth	11.46%	19.36%	3.88%	4.54%
Parag Parikh Conservative Hybrid Fund - Dir - Growth	11.80%	19.72%	4.19%	4.55%
CRISIL Hybrid 85+15 Conservative Index	7.73%	13.91%	-0.31%	4.13%
3 Years Rolling Return	Average	Maximum	Minimum	Std. Deviation
Parag Parikh Conservative Hybrid Fund - Reg - Growth	11.26%	12.02%	10.37%	0.38%
Parag Parikh Conservative Hybrid Fund - Dir - Growth	11.59%	12.35%	10.70%	0.38%
CRISIL Hybrid 85+15 Conservative Index	7.57%	8.03%	6.86%	0.24%
Returns are calculated since inception with daily rolling frequency for the 1 and 3 years period.

SIP Investment Performance (Assumption : 10,000/- is invested on the first of every month)
Date	Since Inception (26 May, 2021)	Dec 29, 2023 to Dec 31, 2024 (Last 1 Year)	Dec 31, 2021 to Dec 31, 2024 (Last 3 Years)
Total Amount Invested	4,40,000	1,20,000	3,60,000
Market value of Investment (Regular Plan)	5,44,292	1,25,464	4,31,748
Market value of Investment (Direct Plan)	5,47,528	1,25,671	4,33,847
(Regular Plan) Returns (Annualised) (%)	11.62%	8.55%	12.16%
(Direct Plan) Returns (Annualised) (%)	11.95%	8.87%	12.49%
CRISIL Hybrid 85+15 - ConservativeIndex Returns (Annualised) (%)	8.64%	7.80%	9.31%
Crisil 10 year Gilt Index Returns (Annualised) (%)	7.17%	9.08%	8.17%

Total number of units held in Parag Parikh Conservative Hybrid Fund as per SEBI vide its Master Circular For Mutual Funds dated June 27, 2024 (Alignment of interest of Designated Employees of Asset Management Companies (AMCs) with the Unitholders of the Mutual Fund Schemes) as at Dec 31, 2024.

Scheme	Units	AUM (in Rs.)
Parag Parikh Conservative Hybrid Fund - Direct Plan Growth	3,03,280.38	43,91,014.39

We have our Skin in the Game
The combined holding of 'Insiders' in Parag Parikh Conservative Hybrid Fund amounts to ₹ 9.52 Crores of AUM as at Dec 31, 2024. 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 Arbitrage Fund

Invest Now

An open ended scheme investing in arbitrage opportunities

Factsheet - DECEMBER 2024

Name of the fund	Parag Parikh Arbitrage Fund (PPAF)
Investment Objective	The investment objective of the scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and by investing the balance in debt and money market instruments. However, there is no assurance that the investment objective of the Scheme will be achieved and the Scheme does not assure or guarantee any returns.
Type of the scheme	An open ended scheme investing in arbitrage opportunities
Date of Allotment	2nd November 2023
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 Inception) Ms. Mansi Kariya - Co - Fund Manager - Debt (Since December 22, 2023)
Month End Expense Ratio	Regular Plan: 0.66%* 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	Nifty 50 Arbitrage (TRI)
Additional Benchmark	CRISIL 1 Year T-Bill Index
Minimum Application / Additional Purchase Amount	New Purchase: ₹ 1000 and in multiples of ₹ 1 thereafter. Additional Purchase: ₹ 1000 and in multiples of ₹ 1 thereafter.
Minimum SIP Investment Amount	Monthly SIP: ₹ 1,000, and Quarterly SIP: ₹ 3,000

Assets Under Management (AUM) as on Dec 31, 2024	₹ 1,157.98 Crores
Average AUM for the Month	₹ 1,137.31 Crores

Net Asset Value (NAV) as on Dec 31, 2024
Regular Plan	10.8561
Direct Plan	10.9003

Entry Load	Not Applicable
Exit Load	In respect of each purchase / switch-in of units, an Exit Load of 0.25% is payable if Units are redeemed/ switched-out within 30 days from the date of allotment. No Exit Load is payable if Units are redeemed / switched-out after 30 days from the date of allotment. Any exit load charged (net off GST, if any) shall be credited back to the Scheme. No exit load will be charged, in case of switch transactions between Plans. i.e Regular Plan and Direct Plan Any exit load charged (net off GST, if any) shall be credited back to the Scheme.

Avg maturity of the fund (Days)*	128.22
Modified Duration (Years)*	0.3245
*Yield to Maturity^{^$}**	7.23%
Macaulay duration (Years)*	0.3487
*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. $ Applicable for both regular and direct plan

Hedge Equity / Arbitrage*
Name	Industry	% of Net Assets
Reliance Industries Limited	Petroleum Products	7.39%
IndusInd Bank Limited	Banks	2.74%
Bank of Baroda	Banks	2.72%
Punjab National Bank	Banks	2.48%
Tata Power Company Limited	Power	2.31%
Bajaj Finance Limited	Finance	2.28%
Axis Bank Limited	Banks	2.27%
State Bank of India	Banks	2.22%
Bharat Electronics Limited	Aerospace & Defense	2.13%
GMR Airports Limited	Transport Infrastructure	2.12%
Other Equity		40.91%
Total		69.57%
Debt and Money Market Instruments
Name	Rating	% of Net Assets
Certificate of Deposit
Punjab National Bank (15/05/2025)	CRISIL A1+	2.10%
National Bank For Agriculture and Rural Development (20/06/2025)	CRISIL A1+	2.09%
HDFC Bank Limited (24/06/2025)	CRISIL A1+	2.08%
ICICI Bank Limited (25/07/2025)	ICRA A1+	2.07%
Canara Bank (03/09/2025)	CRISIL A1+	2.06%
Union Bank of India (04/12/2025)	ICRA A1+	2.02%
Axis Bank Limited (05/06/2025)	CRISIL A1+	1.67%
Kotak Mahindra Bank Limited (24/07/2025)	CRISIL A1+	1.66%
Bank of Baroda (15/05/2025)	IND A1+	1.26%
Axis Bank Limited (10/01/2025)	CRISIL A1+	0.43%
Kotak Mahindra Bank Limited (15/05/2025)	CRISIL A1+	0.42%
Sub total		17.86%
Treasury Bill
Name	Rating	% of Net Assets
364 Days Tbill (MD 15/08/2025)	Sovereign	0.41%
Sub total		0.41%
Mutual Fund Units
Parag Parikh Liquid Fund- Direct Plan- Growth		11.60%
Sub total		11.60%
TREPS and Other Receivables and Payables
TREPS Including Cash & Cash Equivalent and Net Current Asset		0.56%
Sub total		0.56%
Net Assets		100.00%

*Outstanding Derivative exposure - 69.98%

Source: Internal sources

Lumpsum Investment Performance (Compounded annual returns)
Date	Scheme		Benchmark	Index	Value of Investment of Rs. 10,000/-
Date	PPAF (Regular)	PPAF (Direct)	Nifty 50 Arbitrage (TRI)	CRISIL 1 Year T-Bill Index	PPAF (Regular)	PPAF (Direct)	Nifty 50 Arbitrage (TRI)	CRISIL 1 Year T-Bill Index
Since Inception (02 Nov, 2023)*	7.31%	7.68%	7.51%	7.43%	10,856	10,900	10,880	10,870
Jun 28, 2024 to Dec 31, 2024 (Last 6 Months)	6.73%	7.09%	6.80%	7.27%	10,343	10,361	10,347	10,370
Dec 29, 2023 to Dec 31, 2024 (Last 1 Year)	7.33%	7.71%	7.46%	7.43%	10,739	10,777	10,752	10,749

*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 (02 Nov, 2023)	Dec 29, 2023 to Dec 31, 2024 (Last 1 Year)
Total Amount Invested	1,40,000	1,20,000
Market value of Investment (Regular)	1,46,208	1,24,555
Market value of Investment (Direct)	1,46,530	1,24,791
(Regular) Returns (Annualised) (%)	7.16%	7.11%
(Direct) Returns (Annualised) (%)	7.54%	7.48%
Nifty 500 (TRI) Returns (Annualised) (%)	7.28%	7.21%
Nifty 50 (TRI) Returns (Annualised) (%)	6.81%	2.47%

Note: Performance, SIP & other parameters are not disclosed as fund has not completed 1 year.

Total number of units held in Parag Parikh Arbitrage Fund as per SEBI vide its Master Circular For Mutual Funds dated June 27, 2024 (Alignment of interest of Designated Employees of Asset Management Companies (AMCs) with the Unitholders of the Mutual Fund Schemes) as at Dec 31, 2024.

Scheme	Units	AUM (in Rs.)
Parag Parikh Arbitrage Fund - Direct Plan Growth	37,059.41	4,03,958.38

We have our Skin in the Game
The combined holding of 'Insiders' in Parag Parikh Arbitrage Fund amounts to ₹ 44.45 Crores of AUM as at Dec 31, 2024.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 Dynamic Asset Allocation Fund

Invest Now

An open ended dynamic asset allocation fund

Factsheet - DECEMBER 2024

Name of the fund	Parag Parikh Dynamic Asset Allocation Fund (PPDAAF)
Investment Objective	The investment objective of the Scheme is to generate income/ long-term capital appreciation by investing in equity, equity derivatives, fixed income instruments. The allocation between equity instruments and fixed income will be managed dynamically so as to provide investors with long term capital appreciation while managing downside risk. However, there is no assurance that the investment objective of the Scheme will be achieved and the Scheme does not assure or guarantee any returns.
Type of the scheme	An open ended dynamic asset allocation fund
Date of Allotment	27th February 2024
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 Inception) Ms. Mansi Kariya - Co - Fund Manager - Debt (Since Inception)
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 50+50 Moderate Index
Additional Benchmark	Nifty 50 TRI
Minimum Application / Additional Purchase Amount	Initial purchase - ₹ 5000 and any amount thereafter Additional Purchase: ₹ 500 and any amount thereafter
Minimum SIP Investment Amount	Monthly SIP: ₹ 1,000, and Quarterly SIP: ₹ 3,000

Assets Under Management (AUM) as on Dec 31, 2024	₹ 1,528.67Crores
Average AUM for the Month	₹ 1,461.39 Crores

Net Asset Value (NAV) as on Dec 31, 2024
Regular Plan	10.8620
Direct Plan	10.8896
Regular Plan - Monthly IDCW:	10.0926
Direct Plan - Monthly IDCW:	10.2474

Entry Load	Not Applicable
Exit Load	In respect of each purchase / switch-in of Units, 10% of the units ("thelimit") 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 thefollowing exit load: -Exit load of 1.00% is payable if Units are redeemed / switched-outwithin 1 year from the date of allotment of units. -No Exit Load is payable if Units are redeemed / switched-out after 1year from the date of allotment. Any exit load charged (net off GST, if any) shall be credited back to the Scheme.

Avg maturity of the fund (Years)*	4.02
*Modified Duration (Years)^#**	3.1752
*Yield to Maturity^{^#$}**	7.27%
*Macaulay duration (Years)^#**	3.2982
*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. # All the above ratios are computed excluding investment in CDMDF units $ Applicable for both regular and direct plan

Equity and Equity Related Instruments
Listed / awaiting listing on the stock exchanges
Name	Industry	% of Net Assets
ITC Limited	Diversified FMCG	3.02%
Coal India Limited	Consumable Fuels	3.02%
Petronet LNG Limited	Gas	3.01%
Power Grid Corporation of India Limited	Power	3.00%
Swaraj Engines Limited	Industrial Products	1.37%
NIRLON LIMITED	Commercial Services & Supplies	0.19%
VST Industries Limited	Cigarettes & Tobacco Products	0.08%
Sub total		13.69%
Arbitrage and Special Situations
Bajaj Finance Limited	Petroleum Products	4.99%
Tata Motors Limited	Finance	2.19%
Kotak Mahindra Bank Limited	Automobiles	2.06%
Axis Bank Limited	Banks	1.35%
IndusInd Bank Limited	Banks	1.08%
Bharat Electronics Limited	Banks	0.85%
State Bank of India	Aerospace & Defense	0.76%
ICICI Bank Limited	Banks	0.72%
Titan Company Limited	Banks	0.65%
HDFC Life Insurance Company Limited	Consumer Durables	0.57%
Others		6.67%
Sub total		21.89%
Special Situation
Kesoram Industries Limited/ Ultratech Cement	Cement & Cement Products	2.04%
Sub total		2.04%
Total		37.62%
Certificate of Deposit
Axis Bank Limited (16/07/2025)	CRISIL A1+	1.89%
Punjab National Bank (15/05/2025)	CRISIL A1+	1.59%
HDFC Bank Limited (24/06/2025)	CRISIL A1+	1.58%
ICICI Bank Limited (25/07/2025)	ICRA A1+	1.57%
Indian Bank (04/12/2025)	CRISIL A1+	1.53%
Kotak Mahindra Bank Limited (15/05/2025)	CRISIL A1+	0.64%
Bank of Baroda (15/05/2025)	IND A1+	0.32%
Punjab National Bank (10/07/2025)	CRISIL A1+	0.31%
Kotak Mahindra Bank Limited (24/07/2025)	CRISIL A1+	0.31%
HDFC Bank Limited (04/11/2025)	CARE A1+	0.31%
Sub total		10.05%
Corporate Bond/NCD
7.68% IRFC NCD Series 173 (MD 24/11/2026)	CRISIL AAA	1.64%
7.59% National Hsg Bank NCD MD(14/07/2027)	CRISIL AAA	0.99%
7.58% NABARD Sr 23H NCD (MD 31/07/2026)	CRISIL AAA	0.98%
7.37% Power Fin Corp NCD Sr 230 (MD 22/05/2026)	CRISIL AAA	0.98%
8.39% Power Finance Corp Ltd NCD SrC (MD19/04/25)	CRISIL AAA	0.66%
7.77% REC Ltd NCD Ser 227 A (MD 30/09/2026)	CRISIL AAA	0.66%
6.88% REC Ltd Sr 190 A (MD 20/03/2025)	CRISIL AAA	0.65%
7.4% National Hsg Bank Ltd NCD (16/07/2026)	CRISIL AAA	0.65%
7.25% NABARD Sr 23C NCD (MD 01/08/2025)	CRISIL AAA	0.65%
7.95% REC Ltd NCD (MD 12/03/2027)	CRISIL AAA	0.33%
7.87% India Grid Trust Ser Y (MD 24/02/2027)	CRISIL AAA	0.33%
Sub total		8.52%
Government securities/State Development Loans (SDLs)
7.67% Tamilnadu SDL (MD 13/12/2030)	Sovereign	1.68%
7.7% Maharashtra SDL (MD 08/03/2031)	Sovereign	1.68%
7.33% Maharashtra SDL (MD 31/05/2031)	Sovereign	1.65%
6.98% Tamilnadu SDL (MD 14/07/2031)	Sovereign	1.62%
7.83% Maharashtra SDL (MD 08/04/2030)	Sovereign	1.35%
7.69% Maharashtra SDL (MD 15/03/2031)	Sovereign	1.34%
7.49% Maharashtra SDL (MD 12/04/2030)	Sovereign	1.33%
8.22% Karnataka SDL (MD 30/01/2031)	Sovereign	1.03%
7.72% Maharashtra SDL (MD 23/03/2032)	Sovereign	1.01%
7.73% Andhra Pradesh SDL (MD 23/03/2032)	Sovereign	1.01%
7.72% Maharashtra SDL (MD 01/03/2031)	Sovereign	1.01%
7.65% TELANGANA SDL (MD 15/02/2032)	Sovereign	1.01%
7.63% Maharashtra SDL (MD 11/05/2030)	Sovereign	1.00%
7.45% TELANGANA SDL (MD 02/08/2030)	Sovereign	1.00%
Other Government Securities	Sovereign	20.46%
Sub total		38.18%
Treasury Bills
364 Days Tbill (MD 15/08/2025)	Sovereign	0.31%
364 Days Tbill (MD 21/11/2025)	Sovereign	0.31%
Sub total		0.62%
Mutual Fund Units
Parag Parikh Liquid Fund- Direct Plan- Growth		3.73%
Sub total		3.73%
TREPS and Other Receivables and Payables
TREPS Including Cash & Cash Equivalent and Net Current Asset		1.28%
Sub total		1.28%
Net Assets		100.00%

^@ Hedged by offsetting derivative position

Source: Internal sources

Dividend History - Monthly Income Distribution cum capital Withdrawal option (In INR)
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)
Dec. 30, 2024	0.0066	0.0066	0.0036	0.0036	10.0000	10.0803	10.2348	10.0838	10.2414
Nov. 25, 024	0.2131	0.2131	0.2118	0.2118	10.0000	10.0803	10.2348	10.2921	10.4478
Oct. 28, 2024	0.1186	0.1186	0.1058	0.1058	10.0000	10.2195	10.3721	10.3253	10.4907

PPFAS

Total number of units held in Parag Parikh Dynamic Asset Allocation Fund as per SEBI vide its Master Circular For Mutual Funds dated June 27, 2024 (Alignment of interest of Designated Employees of Asset Management Companies (AMCs) with the Unitholders of the Mutual Fund Schemes) as at Dec 31,2024.

Scheme	Units	AUM (in Rs.)
Parag Parikh Dynamic Asset Allocation Fund - Direct Plan Growth	34,309.80	3,73,619.82

We have our Skin in the Game
The combined holding of 'Insiders' in Parag Parikh Dynamic Asset Allocation Fund amounts to ₹ 8.88 Crores of AUM as at Dec 31, 2024.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 - DECEMBER 2024

Name of the fund	Parag Parikh Flexi Cap Fund (PPFCF)
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) Ms. Mansi Kariya - Co - Fund Manager - Debt (Since December 22, 2023)
Month End Expense Ratio	Regular Plan: 1.33%* Direct Plan: 0.63%* *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 Dec 31, 2024	₹ 87,539.41 Crores
Average AUM for the Month	₹ 87,119.23 Crores

Net Asset Value (NAV) as on Dec 31, 2024
Regular Plan:	80.7436
Direct Plan:	87.6730

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. Any exit load charged (net off GST, if any) shall be credited back to the Scheme.

Beta	0.71
Standard Deviation	11.04%
Sharpe Ratio	0.78
Portfolio Turnover (excl Equity Arbitrage)	12.86%
Portfolio Turnover (incl Equity Arbitrage)	22.95%
- Above figures are annualised. - Risk free rate assumed to be 7.15% (FBIL Overnight MIBOR as on Dec 31, 2024)

Portfolio Disclosure
Core Equity
Name	Industry	% of Net Assets
HDFC Bank Limited	Banks	8.04%
Bajaj Holdings & Investment Limited	Finance	7.22%
Power Grid Corporation of India Limited	Power	6.54%
Coal India Limited	Consumable Fuels	5.76%
ITC Limited	Diversified FMCG	5.47%
ICICI Bank Limited	Banks	4.93%
HCL Technologies Limited	IT - Software	4.10%
Maruti Suzuki India Limited	Automobiles	3.77%
Kotak Mahindra Bank Limited	Banks	3.41%
Axis Bank Limited	Banks	3.32%
Infosys Limited	IT - Software	2.00%
Mahindra & Mahindra Limited	Automobiles	1.99%
Motilal Oswal Financial Services Limited	Capital Markets	1.46%
Balkrishna Industries Limited	Auto Components	1.39%
Dr. Reddy's Laboratories Limited	Pharmaceuticals & Biotechnology	1.06%
Zydus Lifesciences Limited	Pharmaceuticals & Biotechnology	0.98%
Cipla Limited	Pharmaceuticals & Biotechnology	0.92%
Indian Energy Exchange Limited	Capital Markets	0.92%
IPCA Laboratories Limited	Pharmaceuticals & Biotechnology	0.69%
Multi Commodity Exchange of India Limited	Capital Markets	0.68%
Central Depository Services (India) Limited	Capital Markets	0.45%
EID Parry India Limited	Fertilizers & Agrochemicals	0.23%
ICRA Limited	Capital Markets	0.22%
Narayana Hrudayalaya Limited	Healthcare Services	0.19%
Maharashtra Scooters Limited	Finance	0.09%
Swaraj Engines Limited	Industrial Products	0.02%
Total		65.85%
Arbitrage and Special Situations
^@Reliance Industries Limited	Petroleum Products	0.85%
^@Bajaj Finance Limited	Finance	0.22%
^@Bharat Electronics Limited	Aerospace & Defense	0.04%
^@Punjab National Bank	Banks	0.04%
^@Bharti Airtel Limited	Telecom - Services	0.04%
^@Others		0.17%
Sub total		1.36%
Total		67.21%
Overseas Securities, IDRS and ADRs
Alphabet Inc A	Computer Software	3.48%
Meta Platforms Registered Shares A	Computer Software	3.38%
Microsoft Corp	Computer Software	3.02%
Amazon Com Inc	Catalog/Specialty Distribution	2.94%
Total		12.82%
Debt and Money Market Instruments
Certificate of Deposit	Rating
Bank of Baroda (15/05/2025)	IND A1+	0.67%
ICICI Bank Limited (14/11/2025)	ICRA A1+	0.54%
Union Bank of India (26/11/2025)	ICRA A1+	0.53%
State Bank of India (11/02/2025)	CRISIL A1+	0.45%
Punjab National Bank (05/12/2025)	CRISIL A1+	0.43%
Axis Bank Limited (15/07/2025)	CRISIL A1+	0.41%
Indian Bank (04/12/2025)	CRISIL A1+	0.37%
Punjab National Bank (15/05/2025)	CRISIL A1+	0.33%
Canara Bank (02/09/2025)	CRISIL A1+	0.33%
HDFC Bank Limited (10/10/2025)	CARE A1+	0.32%
Kotak Mahindra Bank Limited (11/12/2025)	CRISIL A1+	0.32%
Canara Bank (12/12/2025)	CRISIL A1+	0.32%
ICICI Bank Limited (27/06/2025)	ICRA A1+	0.30%
National Bank For Agriculture and Rural Development (24/06/2025)	CRISIL A1+	0.22%
Indian Bank (20/08/2025)	CRISIL A1+	0.22%
Kotak Mahindra Bank Limited (22/08/2025)	CRISIL A1+	0.22%
Kotak Mahindra Bank Limited (04/12/2025)	CRISIL A1+	0.21%
HDFC Bank Limited (04/12/2025)	CRISIL A1+	0.21%
HDFC Bank Limited (11/07/2025)	CARE A1+	0.19%
Axis Bank Limited (05/06/2025)	CRISIL A1+	0.17%
Axis Bank Limited (10/10/2025)	CRISIL A1+	0.16%
National Bank For Agriculture and Rural Development (20/06/2025)	CRISIL A1+	0.14%
HDFC Bank Limited (24/06/2025)	CRISIL A1+	0.14%
Axis Bank Limited (09/10/2025)	CRISIL A1+	0.13%
Bank of Baroda (05/05/2025)	IND A1+	0.11%
Kotak Mahindra Bank Limited (09/05/2025)	CRISIL A1+	0.11%
Indian Bank (23/05/2025)	CRISIL A1+	0.11%
Kotak Mahindra Bank Limited (24/07/2025)	CRISIL A1+	0.11%
HDFC Bank Limited (22/08/2025)	CARE A1+	0.11%
Axis Bank Limited (22/08/2025)	CRISIL A1+	0.11%
HDFC Bank Limited (31/10/2025)	CRISIL A1+	0.11%
Axis Bank Limited (13/11/2025)	CRISIL A1+	0.11%
Kotak Mahindra Bank Limited (26/11/2025)	CRISIL A1+	0.11%
Canara Bank (04/12/2025)	CRISIL A1+	0.11%
Union Bank of India (04/12/2025)	ICRA A1+	0.11%
Union Bank of India (05/12/2025)	ICRA A1+	0.11%
Indian Bank (06/11/2025)	CRISIL A1+	0.05%
National Bank For Agriculture and Rural Development (17/01/2025)	CRISIL A1+	0.03%
ICICI Bank Limited (25/07/2025)	ICRA A1+	0.03%
Total		8.76%
T-Bill	Rating
364 Days Tbill (MD 16/01/2025)	Sovereign	0.34%
364 Days Tbill (MD 04/12/2025)	Sovereign	0.32%
364 Days Tbill (MD 21/11/2025)	Sovereign	0.12%
364 Days Tbill (MD 07/08/2025)	Sovereign	0.11%
364 Days Tbill (MD 09/01/2025)	Sovereign	0.07%
364 Days Tbill (MD 27/11/2025)	Sovereign	0.05%
TREPS Including Cash & Cash Equivalent and Net Current Asset	Cash & Cash Equivalent	10.20%
Sub total		11.21%
Net Assets		100.00%

^@ Hedged by offsetting derivative position

Lumpsum Investment Performance (Compounded annual returns)
Date	Scheme	Scheme	Tier I Benchmark	Additional Benchmark	Value of Investment of Rs. 10,000/-
Date	PPFCF (Regular)	PPFCF (Direct)	Nifty 500 (TRI)	Nifty 50 (TRI)	PPFCF (Regular)	PPFCF (Direct)	Nifty 500 (TRI)	Nifty 50 (TRI)
Since Inception (May 24, 2013)*	19.70%	20.56%	15.71%	13.96%	80,744	87,673	54,437	45,610
Dec 29, 2023 to Dec 31, 2024 (Last 1 Year)	23.70%	24.59%	16.10%	10.00%	12,392	12,481	11,624	11,009
Dec 31, 2021 to Dec 31, 2024 (Last 3 Years)	16.21%	17.18%	15.41%	12.16%	15,700	16,099	15,379	14,114
Dec 31, 2019 to Dec 31, 2024 (Last 5 Years)	24.73%	25.84%	18.97%	15.52%	30,224	31,599	23,859	20,587
Dec 31, 2014 to Dec 31, 2024 (Last 10 Years)	17.47%	18.36%	13.94%	12.41%	50,121	54,020	36,903	32,241

*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 future and is not a guarantee of any future returns
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 (24 May, 2013)	Dec 29, 2023 to Dec 31, 2024 (Last 1 Year)	Dec 31, 2021 to Dec 31, 2024 (Last 3 Years)	Dec 31, 2019 to Dec 31, 2024 (Last 5 Years)	Dec 31, 2014 to Dec 31, 2024 (Last 10 Years)
Total Amount Invested	14,00,000	1,20,000	3,60,000	6,00,000	12,00,000
Market value of Investment (Regular)	48,86,752	1,30,773	5,12,704	10,97,282	35,06,633
Market value of Investment (Direct)	51,84,778	1,31,290	5,19,446	11,25,947	36,90,711
(Regular) Returns (Annualised) (%)	19.95%	17.04%	24.34%	24.38%	20.33%
(Direct) Returns (Annualised) (%)	20.86%	17.88%	25.30%	25.45%	21.27%
Nifty 500 (TRI) Returns (Annualised) (%)	16.10%	6.16%	19.51%	20.81%	16.39%
Nifty 50 (TRI) Returns (Annualised) (%)	14.23%	2.47%	14.32%	16.73%	14.49%

3 Years Rolling Return	Average	Maximum	Minimum	Std. Deviation
Parag Parikh Flexi Cap Fund - Reg - Growth	18.12%	36.29%	0.07%	5.93%
Parag Parikh Flexi Cap Fund - Direct - Growth	19.00%	37.64%	0.74%	6.11%
Tier I Benchmark Index - Nifty 500 TRI	14.74%	33.50%	-6.31%	5.97%
5 Years Rolling Return	Average	Maximum	Minimum	Std. Deviation
Parag Parikh Flexi Cap Fund - Reg - Growth	17.67%	26.77%	3.44%	4.68%
Parag Parikh Flexi Cap Fund - Direct - Growth	18.55%	27.92%	4.09%	4.81%
Tier I Benchmark Index - Nifty 500 TRI	13.70%	23.41%	-1.05%	4.38%
10 Years Rolling Return	Average	Maximum	Minimum	Std. Deviation
Parag Parikh Flexi Cap Fund - Reg - Growth	18.87%	20.60%	17.47%	0.66%
Parag Parikh Flexi Cap Fund - Direct - Growth	19.74%	21.48%	18.36%	0.65%
Tier I Benchmark Index - Nifty 500 TRI	15.41%	17.02%	13.53%	0.75%
- Returns are calculated since inception with daily rolling frequency for the 3, 5 and 10 years period. (PPFCF)

Source: Internal sources
Value of Rs 100 invested in Scheme/Benchmark indices

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 vide its Master Circular For Mutual Funds dated June 27, 2024 (Alignment of interest of Designated Employees of Asset Management Companies (AMCs) with the Unitholders of the Mutual Fund Schemes) as at Dec 31, 2024.

Scheme	Units	AUM (in Rs.)
Parag Parikh Flexi Cap Fund - Direct Plan	14,70,547.98	12,89,27,352.26

We have our Skin in the Game
The combined holding of 'Insiders' in Parag Parikh Flexi Cap Fund amounts to ₹ 472.37 Crores of AUM as at Dec 31, 2024For 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 ELSS Tax Saver Fund

Invest Now

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

Factsheet - DECEMBER 2024

Name of the fund	Parag Parikh ELSS Tax Saver Fund (PPTSF)
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) Ms. Mansi Kariya - Co - Fund Manager - Debt (Since December 22, 2023)
Month End Expense Ratio	Regular Plan: 1.73%* Direct Plan: 0.63%* *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 Dec 31, 2024	₹ 4,506.61 Crores
Average AUM for the Month	₹ 4,485.10 Crores

Net Asset Value (NAV) as on Dec 31, 2024
Regular Plan	30.4538
Direct Plan	32.5338

Entry Load	Not Applicable
Exit Load	NIL

Beta	0.66
Standard Deviation	9.99%
Sharpe Ratio	0.94
Portfolio Turnover	15.10%
- Above figures are annualised. - Risk free rate assumed to be 7.15% (FBIL Overnight MIBOR as on Dec 31, 2024)

Core Equity
Name	Industry	% of Net Assets
Bajaj Holdings & Investment Limited	Finance	8.94%
HDFC Bank Limited	Banks	8.24%
Power Grid Corporation of India Limited	Power	6.77%
Coal India Limited	Consumable Fuels	6.03%
ITC Limited	Diversified FMCG	5.53%
ICICI Bank Limited	Banks	5.04%
Maharashtra Scooters Limited	Finance	5.02%
HCL Technologies Limited	IT - Software	4.21%
Infosys Limited	IT - Software	3.87%
Maruti Suzuki India Limited	Automobiles	3.83%
Wipro Limited	IT - Software	3.31%
Axis Bank Limited	Banks	3.25%
Kotak Mahindra Bank Limited	Banks	3.19%
Tata Consultancy Services Limited	IT - Software	3.09%
Mahindra & Mahindra Limited	Automobiles	2.01%
Balkrishna Industries Limited	Auto Components	1.60%
Motilal Oswal Financial Services Limited	Capital Markets	1.29%
Dr. Reddy's Laboratories Limited	Pharmaceuticals & Biotechnology	1.12%
Cipla Limited	Pharmaceuticals & Biotechnology	1.03%
Zydus Lifesciences Limited	Pharmaceuticals & Biotechnology	0.99%
CMS Info System Limited	Commercial Services & Supplies	0.77%
IPCA Laboratories Limited	Pharmaceuticals & Biotechnology	0.66%
Multi Commodity Exchange of India Limited	Capital Markets	0.44%
Central Depository Services (India) Limited	Capital Markets	0.40%
Indian Energy Exchange Limited	Capital Markets	0.35%
CCL Products (India) Limited	Agricultural Food & other Products	0.29%
Narayana Hrudayalaya Limited	Healthcare Services	0.24%
EID Parry India Limited	Fertilizers & Agrochemicals	0.22%
Swaraj Engines Limited	Industrial Products	0.21%
VST Industries Limited	Cigarettes & Tobacco Products	0.19%
ICRA Limited	Capital Markets	0.09%
Total		82.22%
Debt and Money Market Instruments
Certificate of Deposit	Rating
HDFC Bank Limited (11/07/2025)	CARE A1+	1.07%
Axis Bank Limited (15/07/2025)	CRISIL A1+	1.07%
Union Bank of India (26/11/2025)	ICRA A1+	1.04%
Kotak Mahindra Bank Limited (09/05/2025)	CRISIL A1+	0.54%
Bank of Baroda (15/05/2025)	IND A1+	0.54%
Punjab National Bank (15/05/2025)	CRISIL A1+	0.54%
National Bank For Agriculture and Rural Development (20/06/2025)	CRISIL A1+	0.54%
Punjab National Bank (10/07/2025)	CRISIL A1+	0.53%
Kotak Mahindra Bank Limited (24/07/2025)	CRISIL A1+	0.53%
ICICI Bank Limited (25/07/2025)	ICRA A1+	0.53%
Indian Bank (20/08/2025)	CRISIL A1+	0.53%
Canara Bank (02/09/2025)	CRISIL A1+	0.53%
Canara Bank (03/09/2025)	CRISIL A1+	0.53%
ICICI Bank Limited (14/11/2025)	ICRA A1+	0.52%
Indian Bank (04/12/2025)	CRISIL A1+	0.52%
Total		9.56%
Treasury Bill
364 Days Tbill (MD 09/01/2025)	Sovereign	0.11%
364 Days Tbill (MD 21/11/2025)	Sovereign	0.10%
TREPS Including Cash & Cash Equivalent and Net Current Asset	Debt and Money Market Instruments	8.01%
Net Assets		100.00%

Lumpsum Investment Performance (Compounded annual returns)
Date	Scheme	Tier I Benchmark	Additional Benchmark	Value of Investment of Rs. 10,000/-
Date	PPTSF (Regular)	PPTSF (Direct)	Nifty 500 (TRI)	Nifty 50 (TRI)	PPTSF (Regular)	PPTSF (Direct)	Nifty 500 (TRI)	Nifty 50 (TRI)
Since Inception (24 July, 2019)*	22.70%	24.20%	19.04%	15.89%	30,454	32,534	25,829	22,322
Dec 29, 2023 to Dec 31, 2024 (Last 1 Year)	20.27%	21.59%	16.10%	10.00%	12,045	12,178	11,624	11,009
Dec 31, 2021 to Dec 31, 2024 (Last 3 Years)	17.26%	18.67%	15.41%	12.16%	16,130	16,721	15,379	14,114
Dec 31, 2019 to Dec 31, 2024 (Last 5 Years)	22.99%	24.50%	18.97%	15.52%	28,175	29,943	23,859	20,587

*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 future and is not a guarantee of any future returns
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 (24 July, 2019)	Dec 29, 2023 to Dec 31, 2024 (Last 1 Year)	Dec 31, 2021 to Dec 31, 2024 (Last 3 Years)	Dec 31, 2019 to Dec 31, 2024 (Last 5 Years)
Total Amount Invested	6,60,000	1,20,000	3,60,000	6,00,000
Market value of Investment	12,43,109	1,28,955	4,93,685	10,65,310
Market value of Investment (Direct)	12,94,137	1,29,748	5,03,300	11,04,535
(Regular) Returns (Annualised) (%)	23.07%	14.11%	21.60%	23.15%
(Direct) Returns (Annualised) (%)	24.57%	15.39%	23.00%	24.65%
Nifty 500 (TRI) Returns (Annualised) (%)	20.49%	6.16%	19.51%	20.81%
Nifty 50 (TRI) Returns (Annualised) (%)	16.61%	2.47%	14.32%	16.73%

3 Years Rolling Return	Average	Maximum	Minimum	Std. Deviation
Parag Parikh ELSS Tax Saver Fund - Regular - Growth	23.08%	35.78%	16.58%	3.52%
Parag Parikh ELSS Tax Saver Fund - Direct - Growth	24.64%	37.51%	18.00%	3.59%
Tier I Benchmark Index - Nifty 500 TRI	20.33%	33.50%	13.17%	3.56%
5 Years Rolling Return	Average	Maximum	Minimum	Std. Deviation
Parag Parikh ELSS Tax Saver Fund - Regular - Growth	24.04%	25.44%	22.55%	0.79%
Parag Parikh ELSS Tax Saver Fund - Direct - Growth	25.56%	26.98%	24.05%	0.80%
Tier I Benchmark Index - Nifty 500 TRI	21.13%	23.41%	18.76%	1.41%
- Returns are calculated since inception with daily rolling frequency for the 3 and 5 years period. (PPTSF)

Total number of units held in Parag Parikh ELSS Tax Saver Fund as per SEBI vide its Master Circular For Mutual Funds dated June 27, 2024 (Alignment of interest of Designated Employees of Asset Management Companies (AMCs) with the Unitholders of the Mutual Fund Schemes) as at Dec 31, 2024.

Scheme	Units	AUM (in Rs.)
Parag Parikh ELSS Tax Saver Fund - Direct Plan	2,11,761.99	68,89,421.03

We have our Skin in the Game
The combined holding of 'Insiders' in Parag Parikh ELSS Tax Saver Fund amounts to ₹ 64.64 Crores of AUM as at Dec 31, 2024..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 - DECEMBER 2024

Name of the fund	Parag Parikh Liquid Fund (PPLF)
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 achieved 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 - Debt Fund Manager (Since Inception) Ms. Mansi Kariya - Co - Fund Manager - Debt (Since December 22, 2023)
Month End Expense Ratio	Regular Plan: 0.27%* Direct Plan: 0.17%* *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 Dec. 31, 2024	₹ 2,230.31 Crores
Average AUM for the Month	₹ 2,308.18 Crores

Plan	Direct	Regular
Growth	1411.7698	1402.3061
Daily Reinvestment of Income Distribution cum capital withdrawal option	1000.5405	1000.5404
Weekly Reinvestment of Income Distribution cum capital withdrawal option	1001.3867	1001.3835
Monthly Income Distribution cum capital withdrawal option	1003.3869	1003.3841

Record date/ Payout Date	Direct		Regular			Regular	Direct	Regular	Direct
Dividend History - Monthly Income Distribution cum capital Withdrawal option (In INR)
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)
Dec 30, 2024	6.2076	6.2076	6.1104	6.1104	1,000	1,003	1,003	1009.1104	1009.2076
Nov 25, 2024	5.1208	5.1208	5.0438	5.0438	1,000	1,003	1,003	1008.0438	1008.1208
Oct 28, 2024	5.0786	5.0786	5.0014	5.0014	1,000	1,003	1,003	1008.0014	1008.0786

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. Any exit load charged (net off GST, if any) shall be credited back to the Scheme.

Average Maturity (Days)	30.84
Modified duration (Years)^#	0.0766
Yield to Maturity^#^$	6.88%
Macaulay Duration (Years)^#	0.0819
* Computed on the invested amount # All the above ratios are computed excluding investment in CDMDF units $ Applicable for both regular and direct plan

Source: Internal sources

Treasury Bills
Name	Rating	% of Net Assets
91 Days Tbill (MD 03/01/2025)	Sovereign	6.72%
182 Days Tbill (MD 23/01/2025)	Sovereign	3.35%
91 Days Tbill (MD 13/02/2025)	Sovereign	3.34%
91 Days Tbill (MD 27/02/2025)	Sovereign	3.33%
91 Days Tbill (MD 09/01/2025)	Sovereign	2.24%
364 Days Tbill (MD 09/01/2025)	Sovereign	2.24%
364 Days Tbill (MD 16/01/2025)	Sovereign	2.24%
91 Days Tbill (MD 23/01/2025)	Sovereign	2.23%
91 Days Tbill (MD 30/01/2025)	Sovereign	2.23%
182 Days Tbill (MD 30/01/2025)	Sovereign	2.23%
182 Days Tbill (MD 06/02/2025)	Sovereign	2.23%
91 Days Tbill (MD 21/02/2025)	Sovereign	2.22%
91 Days Tbill (MD 06/03/2025)	Sovereign	2.22%
91 Days Tbill (MD 13/03/2025)	Sovereign	2.21%
364 Days Tbill (MD 06/02/2025)	Sovereign	1.11%
Sub Total		40.14%
Certificate of Deposit
State Bank of India (06/02/2025)	CRISIL A1+	5.57%
Bank of Baroda (07/02/2025)	IND A1+	5.56%
Axis Bank Limited (14/01/2025)	CRISIL A1+	4.47%
Union Bank of India (17/01/2025)	IND A1+	4.47%
National Bank For Agriculture and Rural Development (17/01/2025)	CRISIL A1+	4.47%
Punjab National Bank (20/02/2025)	CRISIL A1+	4.44%
ICICI Bank Limited (31/01/2025)	ICRA A1+	3.34%
Indian Bank (10/03/2025)	CRISIL A1+	3.32%
HDFC Bank Limited (09/01/2025)	IND A1+	2.24%
Canara Bank (16/01/2025)	CRISIL A1+	2.24%
HDFC Bank Limited (03/02/2025)	CRISIL A1+	2.23%
Indian Bank (14/02/2025)	CRISIL A1+	2.22%
Kotak Mahindra Bank Limited (03/01/2025)	CRISIL A1+	1.12%
Kotak Mahindra Bank Limited (15/01/2025)	CRISIL A1+	1.12%
National Bank For Agriculture and Rural Development (23/01/2025)	CRISIL A1+	1.12%
Union Bank of India (24/01/2025)	ICRA A1+	1.12%
Canara Bank (03/02/2025)	CRISIL A1+	1.11%
Punjab National Bank (06/02/2025)	ICRA A1+	1.11%
HDFC Bank Limited (20/02/2025)	ICRA A1+	1.11%
Canara Bank (27/02/2025)	CRISIL A1+	1.11%
Canara Bank (28/02/2025)	CRISIL A1+	1.11%
Axis Bank Limited (05/03/2025)	CRISIL A1+	1.11%
Sub Total		55.71%
Corporate Debt Market Development Fund A2
Corporate Debt Market Development Fund - Class A2 Units		0.26%
TREPS and Other Receivables and Payables
TREPS Including Cash & Cash Equivalent and Net Current Asset		3.89%
Net Assets		100.00%
All data/information mentioned above are as on December 31, 2024.

Lumpsum Investment Performance (Compounded annual returns)
Date	Scheme	Tier I Benchmark	Additional Benchmark	Value of Investment of Rs. 10,000/-
Date	PPLF (Regular)	PPLF (Direct)	CRISIL Liquid Debt A-I Index	CRISIL 1 year T-bill Index	PPLF (Regular)	PPLF (Direct)	CRISIL Liquid Debt A-I Index	CRISIL 1 year T-bill Index
Since Inception (11 May, 2018)*	5.22%	5.33%	5.76%	6.02%	14,023	14,118	14,506	14,746
Dec. 24, 2024 to Dec. 31, 2024 (Last 7 Days)	7.64%	7.74%	7.90%	6.27%	10,015	10,015	10,015	10,012
Dec. 16, 2024 to Dec. 31, 2024 (Last 15 Days)	6.65%	6.75%	6.92%	4.00%	10,027	10,028	10,028	10,016
Nov. 30, 2024 to Dec. 31, 2024 (Last 1 Month)	6.57%	6.67%	6.74%	5.77%	10,056	10,057	10,057	10,049
Sep. 30, 2024 to Dec. 31, 2024 (Last 3 Months)	6.58%	6.68%	6.86%	6.40%	10,166	10,168	10,173	10,161
Jun. 30, 2024 to Dec. 31, 2024 (Last 6 Months)	6.70%	6.80%	7.00%	7.27%	10,338	10,343	10,353	10,367
Dec. 31, 2023 to Dec. 31, 2024 (Last 1 Year)	6.92%	7.03%	7.28%	7.43%	10,694	10,705	10,730	10,745
Dec. 31, 2021 to Dec. 31, 2024 (Last 3 Years)	6.01%	6.12%	6.46%	6.16%	11,916	11,951	12,068	11,967
Dec. 31, 2019 to Dec. 31, 2024 (Last 5 Years)	4.94%	5.05%	5.41%	5.57%	12,733	12,796	13,019	13,115

Total number of units held in Parag Parikh Liquid Fund as per SEBI vide its Master Circular For Mutual Funds dated June 27, 2024 (Alignment of interest of Designated Employees of Asset Management Companies (AMCs) with the Unitholders of the Mutual Fund Schemes) as at Dec 31, 2024.

Scheme	Units	AUM (in Rs.)
Parag Parikh Liquid Fund Direct Plan Growth	3,110.17	43,90,848.30

We have our Skin in the Game
The combined holding of 'Insiders' in Parag Parikh Liquid Fund amounts to ₹ 62.35 Crores of AUM as at Dec 31, 2024. 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 - December 2024

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 ELSS 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]