Parag Parikh Conservative Hybrid Fund

An open-ended hybrid scheme investing predominantly in debt instruments

Factsheet - MAY 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 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) Ms. Mansi Kariya - Co - Fund Manager-Debt (Since December 22, 2023)
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 May 31, 2024	₹ 1,986.62 Crores
Average AUM for the Month	₹ 1,965.80 Crores

Net Asset Value (NAV) as on May 31, 2024
Regular Plan	13.5777
Direct Plan	13.7007
Regular Plan - Monthly IDCW	10.8476
Direct Plan - Monthly IDCW	10.763

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)*	3.94
*Modified Duration (Years)^#**	3.1561
*Yield to Maturity^^#**	7.49%
*Macaulay duration (Years)^#**	3.2779
*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

Equity and Equity Related Instruments
Name	Industry	% of Net Assets
Petronet LNG Limited	Gas	2.49%
Power Grid Corporation of India Limited	Power	2.40%
Coal India Limited	Consumable Fuels	2.22%
Bajaj Auto Limited	Automobiles	2.04%
ITC Limited	Diversified FMCG	1.99%
NMDC Limited	Minerals & Mining	1.47%
Indraprastha Gas Limited	Gas	0.97%
Swaraj Engines Limited	Industrial Products	0.77%
Sub total		14.35%
Arbitrage
Name	Industry	% of Net Assets
^@ HDFC Bank Limited	Banks	0.73%
^@ Kotak Mahindra Bank Limited	Banks	0.41%
^@ Tata Motors Limited	Automobiles	0.27%
^@ Steel Authority of India Limited	Ferrous Metals	0.14%
^@ Indian Oil Corporation Limited	Petroleum Products	0.10%
^@ HCL Technologies Limited	IT - Software	0.07%
^@ Balrampur Chini Mills Limited	Agricultural Food & other Products	0.01%
Sub total		1.73%
Total		16.08%
Units issued by REITs & InvITs
Listed / awaiting listing on the stock exchanges
Name	Industry	% of Net Assets
Brookfield India Real Estate Trust	Realty	3.69%
Embassy Office Parks REIT	Realty	2.71%
Mindspace Business Parks REIT	Realty	0.85%
Sub total		7.25%
Debt and Money Market Instruments
Name	Rating	% of Net Assets
Certificate of Deposit
Punjab National Bank (05/12/2024)	CRISIL A1+	2.42%
Axis Bank Limited (29/11/2024)	CRISIL A1+	1.46%
HDFC Bank Limited (28/02/2025)	CARE A1+	1.43%
HDFC Bank Limited (06/12/2024)	CRISIL A1+	0.97%
Kotak Mahindra Bank Limited (27/09/2024)	CRISIL A1+	0.74%
Kotak Mahindra Bank Limited (14/01/2025)	CRISIL A1+	0.72%
Kotak Mahindra Bank Limited (09/05/2025)	CRISIL A1+	0.70%
Axis Bank Limited (21/06/2024)	CRISIL A1+	0.50%
ICICI Bank Limited (29/10/2024)	ICRA A1+	0.49%
Kotak Mahindra Bank Limited (03/01/2025)	CRISIL A1+	0.48%
Sub total		9.91%
Corporate Bond
6.88% REC Limited (20/03/2025)	CRISIL AAA	1.75%
5.96% National Bank For Agriculture and Rural Development (06/02/2025)	ICRA AAA	1.74%
8.39% Power Finance Corporation Limited (19/04/2025)	CRISIL AAA	0.76%
5.63% National Bank For Agriculture and Rural Development (26/02/2025) **	ICRA AAA	0.74%
7.64% REC Limited (30/06/2026)	CRISIL AAA	0.25%
7.37% Power Finance Corporation Limited (22/05/2026)	CRISIL AAA	0.25%
7.7% India Grid Trust InvIT Fund (06/05/2028)	CRISIL AAA	0.25%
Sub total		5.74%
Government Securities
7.76% State Government Securities (04/10/2030)	Sovereign	2.31%
7.7% State Government Securities (19/10/2030)	Sovereign	2.05%
8.08% State Government Securities (26/12/2028)	Sovereign	1.81%
7.83% State Government Securities (08/04/2030)	Sovereign	1.80%
8.37% State Government Securities (05/12/2028)	Sovereign	1.57%
8.36% State Government Securities (12/12/2028)	Sovereign	1.57%
7.78% State Government Securities (27/10/2030)	Sovereign	1.54%
7.68% State Government Securities (15/02/2030)	Sovereign	1.53%
7.33% State Government Securities (31/05/2031)	Sovereign	1.51%
8.57% State Government Securities (06/11/2028)	Sovereign	1.31%
Other Government Securities	Sovereign	41.13%
Sub total		58.13%
Treasury Bills
364 Days Tbill (MD 09/01/2025)	Sovereign	0.24%
Sub total		0.24%
Mutual Fund Units
Parag Parikh Liquid Fund- Direct Plan- Growth		0.51%
Sub total		0.51%
Corporate Debt Market Development Fund A2
Corporate Debt Market Development Fund		0.22%
Sub total		0.22%
TREPS and Other Receivables and Payables
TREPS Including Cash & Cash Equivalent and Net Current Asset		1.92%
Sub total		1.92%
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)
27^thMay 2024	0.0688	0.0688	0.0529	0.0529	10	10.8541	13.7083	10.9070	13.5858
29^thApril 2024	0.1153	0.1153	0.1023	0.1023	10	10.7789	10.7080	10.8813	10.8233
26^thMar 2024	0.0667	0.0667	0.0747	0.0747	10	10.7422	10.6820	10.8170	10.7488

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)*	10.67%	7.17%	4.00%	13,578	12,322	11,255
May 31, 2023 to May 31, 2024 (Last 1 Year)	16.44%	10.41%	6.59%	11,649	11,044	10,661
May 31, 2021 to May 31, 2024 (Last 3 Years)	10.70%	7.18%	4.08%	13,570	12,314	11,277

*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.

SIP Investment Performance (Assumption : 10,000/- is invested on the first of every month)
Date	Since Inception from May 26, 2021	April 28, 2023 to April 30, 2024 (Last 1 Year)	May 31, 2021 to May 31, 2024 (Last 3 Years)
Total Amount Invested	3,70,000	1,20,000	3,60,000
Market value of Investment (Regular Plan)	4,48,570	1,30,689	4,34,992
(Regular Plan) Returns (Annualised) (%)	12.58%	16.94%	12.69%
CRISIL Hybrid 85+15 - Conservative Index Returns (Annualised) (%)	8.66%	11.44%	8.74%
CRISIL 10 year Gilt Index Returns (Annualised) (%)	6.43%	8.91%	6.56%

Total number of units held in Parag Parikh Conservative Hybrid Fund as per SEBI vide its Master Circular dated May 19, 2023 (Alignment of interest of Designated Employees of Asset Management Companies (AMCs) with the Unitholders of the Mutual Fund Schemes) as at May 31, 2024.

Scheme	Units	AUM (in Rs.)
Parag Parikh Conservative Hybrid Fund - Direct Plan Growth	263,950.62	3,609,920.68

We have our Skin in the Game
The combined holding of 'Insiders' in Parag Parikh Conservative Hybrid Fund amounts to ₹ 8.93 Crores of AUM as at May 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

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An open ended scheme investing in arbitrage opportunities

Factsheet - MAY 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 realized 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: 0.65%* Direct Plan: 0.30%* *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 Total Return Index (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 May 31, 2024	₹ 718.42 Crores
Average AUM for the Month	₹ 638.66 Crores

Net Asset Value (NAV) as on May 31, 2024
Regular Plan	10.4292
Direct Plan	10.4504

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)*	70.27
Modified Duration (Years)*	0.1776
*Yield to Maturity^**	7.02%
Macaulay duration (Years)*	0.1904
*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.

Hedge Equity / Arbitrage*
Name	Industry	% of Net Assets
HDFC Bank Limited	Banks	7.47%
Kotak Mahindra Bank Limited	Banks	2.83%
Bharat Electronics Limited	Aerospace & Defense	2.75%
NTPC Limited	Power	2.66%
Larsen & Toubro Limited	Construction	2.51%
Reliance Industries Limited	Petroleum Products	2.26%
Oil & Natural Gas Corporation Limited	Oil	2.20%
Bank of Baroda	Banks	2.19%
Tata Motors Limited	Automobiles	2.00%
Axis Bank Limited	Banks	1.90%
Other Equity		50.35%
Sub total		79.12%
Debt and Money Market Instruments
Name	Rating	% of Net Assets
Certificate of Deposit
ICICI Bank Limited (29/10/2024)	ICRA A1+	2.03%
HDFC Bank Limited (28/02/2025)	CARE A1+	1.32%
Axis Bank Limited (21/06/2024)	CRISIL A1+	0.69%
Axis Bank Limited (10/01/2025)	CRISIL A1+	0.67%
Sub total		4.70%
Treasury Bill
Name	Rating	% of Net Assets
364 Days Tbill (MD 24/10/2024)	Sovereign	0.68%
Sub total		0.68%
Mutual Fund Units
Parag Parikh Liquid Fund- Direct Plan- Growth		11.45%
Sub total		11.45%
TREPS and Other Receivables and Payables
TREPS Including Cash & Cash Equivalent and Net Current Asset		4.05%
Sub total		4.05%
Net Assets		100.00%

*Outstanding Derivative exposure - 79.65%

Source: Internal sources

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 dated May 19, 2023 (Alignment of interest of Designated Employees of Asset Management Companies (AMCs) with the Unitholders of the Mutual Fund Schemes) as at May 31, 2024.

Scheme	Units	AUM (in Rs.)
Parag Parikh Arbitrage Fund - Direct Plan Growth	12,947.67	135,302.96

We have our Skin in the Game
The combined holding of 'Insiders' in Parag Parikh Arbitrage Fund amounts to ₹ 15.53 Crores of AUM as at May 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

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An open ended dynamic asset allocation fund

Factsheet - MAY 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 realized 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: 0.61%* Direct Plan: 0.31%* *Including additional expenses and GST on management fees. Total Expense ratio is as on last business day of the month
Tier 1 Benchmark Index	CRISIL Hybrid 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 May 31, 2024	₹ 635.51 Crores
Average AUM for the Month	₹ 556.29 Crores

Net Asset Value (NAV) as on May 31, 2024
Regular Plan	10.282
Direct Plan	10.29
Regular Plan - Monthly IDCW:	10.1546
Direct Plan - Monthly IDCW:	10.1798

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)*	4.34
*Modified Duration (Years)^#**	3.3708
*Yield to Maturity^{^#}**	7.44%
*Macaulay duration (Years)^#**	3.5031
*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

Equity and Equity Related Instruments
Listed / awaiting listing on the stock exchanges
Name	Industry	% of Net Assets
Petronet LNG Limited	Gas	3.01%
Coal India Limited	Consumable Fuels	3.01%
Power Grid Corporation of India Limited	Power	2.99%
ITC Limited	Diversified FMCG	2.96%
Swaraj Engines Limited	Industrial Products	2.58%
VST Industries Limited	Cigarettes & Tobacco Products	2.02%
Sub total		16.57%
Arbitrage
Name	Industry	% of Net Assets
^@ HDFC Bank Limited	Banks	5.90%
^@ Tata Motors Limited	Automobiles	4.56%
^@ Kotak Mahindra Bank Limited	Banks	2.10%
^@ Zee Entertainment Enterprises Limited	Entertainment	1.67%
^@ Reliance Industries Limited	Petroleum Products	1.64%
^@ Bharat Electronics Limited	Aerospace & Defense	1.45%
^@ State Bank of India	Banks	1.33%
^@ NTPC Limited	Power	1.27%
^@ Bajaj Finance Limited	Finance	0.97%
^@ Axis Bank Limited	Banks	0.87%
^@ Others		10.91%
Sub total		32.67%
Total		49.24%
Certificate of Deposit
Punjab National Bank (31/01/2025)	CRISIL A1+	1.50%
HDFC Bank Limited (28/02/2025)	CARE A1+	1.49%
Sub total		2.99%
Corporate Bond/NCD
8.39% Power Finance Corporation Limited (19/04/2025)	CRISIL AAA	1.58%
7.25% National Bank For Agriculture and Rural Development (01/08/2025)	CRISIL AAA	1.56%
6.88% REC Limited (20/03/2025)	CRISIL AAA	1.56%
7.95% REC Limited (12/03/2027)	CRISIL AAA	0.79%
7.58% National Bank For Agriculture and Rural Development (31/07/2026)	CRISIL AAA	0.78%
Sub total		6.27%
Government Securities
7.7% State Government Securities (08/03/2031)	Sovereign	4.00%
7.49% State Government Securities (12/04/2030)	Sovereign	3.17%
8.22% State Government Securities (30/01/2031)	Sovereign	2.46%
7.63% State Government Securities (11/05/2030)	Sovereign	2.39%
7.45% State Government Securities (02/08/2030)	Sovereign	2.37%
8.37% State Government Securities (06/03/2029)	Sovereign	1.64%
7.83% State Government Securities (08/04/2030)	Sovereign	1.61%
7.76% State Government Securities (04/10/2030)	Sovereign	1.60%
7.69% State Government Securities (15/03/2031)	Sovereign	1.60%
7.7% State Government Securities (06/12/2029)	Sovereign	1.60%
7.68% State Government Securities (25/10/2030)	Sovereign	1.60%
6.95% State Government Securities (17/02/2031)	Sovereign	1.54%
6.52% State Government Securities (16/12/2030)	Sovereign	1.51%
8.68% State Government Securities (24/10/2030)	Sovereign	0.84%
7.86% State Government Securities (08/06/2030)	Sovereign	0.80%
7.77% State Government Securities (01/06/2031)	Sovereign	0.80%
7.75% State Government Securities (08/04/2030)	Sovereign	0.80%
7.38% State Government Securities (26/04/2030)	Sovereign	0.79%
6.98% State Government Securities (14/07/2031)	Sovereign	0.77%
6.53% State Government Securities (02/12/2030)	Sovereign	0.75%
6.33% State Government Securities (22/07/2030)	Sovereign	0.75%
Sub total		33.39%
Treasury Bills
364 Days Tbill (MD 16/01/2025)	Sovereign	0.75%
Sub total		0.75%
Mutual Fund Units
Parag Parikh Liquid Fund- Direct Plan- Growth		4.93%
Sub total		4.93%
TREPS and Other Receivables and Payables
TREPS Including Cash & Cash Equivalent and Net Current Asset		2.43%
Sub total		2.43%
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)
27 ^th May 2024	0.0337	0.0337	0.0531	0.0531	10	10.1719	10.1968	10.2250	10.2305
29 ^th April 2024	0.0761	0.0761	0.0741	0.0741	10	10.1077	10.1109	10.1818	10.187
26 ^thMarch 2024	NIL	NIL	NIL	NIL	NIL	NIL	NIL	NIL	NIL

PPFAS

Total number of units held in Parag Parikh Dynamic Asset Allocation Fund as per SEBI vide its Master Circular dated May 19, 2023 (Alignment of interest of Designated Employees of Asset Management Companies (AMCs) with the Unitholders of the Mutual Fund Schemes) as at May 31, 2024.

Scheme	Units	AUM (in Rs.)
Parag Parikh Dynamic Asset Allocation Fund - Direct Plan Growth	6,351.84	65,259.86

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

We have our Skin in the Game
The combined holding of 'Insiders' in Parag Parikh Dynamic Asset Allocation Fund amounts to ₹ 3.02 Crores of AUM as at May 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

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

Factsheet -MAY 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: 1.37%* Direct Plan: 0.62%* *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 May 31, 2024	₹ 66,383.82 Crores
Average AUM for the Month	₹ 65,634.86 Crores

Net Asset Value (NAV) as on May 31, 2024
Regular Plan:	71.9157
Direct Plan:	77.7696

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 15^th Nov 2021. Any exit load charged (net off GST, if any) shall be credited back to the Scheme.

Beta	0.72
Standard Deviation	11.09%
Sharpe Ratio	1.09
Portfolio Turnover (excl Equity Arbitrage)	2.82%
Portfolio Turnover (incl Equity Arbitrage)	20.33%
- Above figures are annualised. - Risk free rate assumed to be 6.76% (FBIL Overnight MIBOR as on May 31, 2024)

Portfolio Disclosure
Core Equity
Name	Industry	% of Net Assets
HDFC Bank Limited	Banks	8.42%
Power Grid Corporation of India Limited	Power	6.35%
Bajaj Holdings & Investment Limited	Finance	6.03%
ITC Limited	Diversified FMCG	5.45%
Coal India Limited	Consumable Fuels	5.35%
Maruti Suzuki India Limited	Automobiles	5.16%
ICICI Bank Limited	Banks	5.07%
Axis Bank Limited	Banks	4.14%
HCL Technologies Limited	IT - Software	3.73%
Kotak Mahindra Bank Limited	Banks	2.56%
Motilal Oswal Financial Services Limited	Capital Markets	2.33%
Balkrishna Industries Limited	Auto Components	1.92%
NMDC Limited	Minerals & Mining	1.85%
Central Depository Services (India) Limited	Capital Markets	1.50%
Multi Commodity Exchange of India Limited	Capital Markets	1.36%
Zydus Lifesciences Limited	Pharmaceuticals & Biotechnology	1.16%
Indian Energy Exchange Limited	Capital Markets	1.02%
Infosys Limited	IT - Software	1.00%
Dr. Reddy's Laboratories Limited	Pharmaceuticals & Biotechnology	0.98%
Cipla Limited	Pharmaceuticals & Biotechnology	0.91%
Indraprastha Gas Limited	Gas	0.87%
IPCA Laboratories Limited	Pharmaceuticals & Biotechnology	0.61%
Oracle Financial Services Software Limited	IT - Software	0.60%
UTI Asset Management Company Limited	Capital Markets	0.42%
ICRA Limited	Capital Markets	0.36%
EID Parry India Limited	Fertilizers & Agrochemicals	0.23%
Maharashtra Scooters Limited	Finance	0.09%
Swaraj Engines Limited	Industrial Products	0.02%
Accelya Solutions India Limited	IT - Software	0.01%
Total		69.50%
Arbitrage and Special Situations
^@ Bajaj Finance Ltd	Finance	0.39%
^@ Zee Entertainment Enterprises Ltd	Entertainment	0.14%
^@ Tata Consultancy Services Ltd	IT - Software	0.07%
^@ Indusind Bank Ltd	Banks	0.06%
^@ Bharat Electronics Limited	Aerospace & Defense	0.05%
Others		0.31%
Sub total		1.02%
Total		70.52%
Overseas Securities, IDRS and ADRs
Alphabet Inc (Google Class A)	Computer Software	4.06%
Microsoft Corporation	Computer Software	3.83%
Meta Platforms Registered Shares A	Computer Software	3.47%
Amazon.Com Inc	Catalog/Specialty Distribution	3.03%
Total		14.39%
Index / Stock Options
Nifty 50 Index 22000 Call December 2024 Option		0.02%
Total		0.02%
Debt and Money Market Instruments
Certificate of Deposit	Rating
Canara Bank (22/01/2025)	CRISIL A1+	0.29%
Punjab National Bank (31/01/2025)	CRISIL A1+	0.29%
Union Bank of India (31/01/2025)	IND A1+	0.29%
Bank of Baroda (20/02/2025)	IND A1+	0.29%
Indian Bank (13/03/2025)	CRISIL A1+	0.28%
ICICI Bank Limited (29/10/2024)	ICRA A1+	0.26%
National Bank For Agriculture and Rural Development (17/01/2025)	CRISIL A1+	0.25%
Kotak Mahindra Bank Limited (29/01/2025)	CRISIL A1+	0.18%
HDFC Bank Limited (28/01/2025)	CARE A1+	0.18%
Axis Bank Limited (30/01/2025)	CRISIL A1+	0.18%
Kotak Mahindra Bank Limited (09/05/2025)	CRISIL A1+	0.14%
Indian Bank (23/05/2025)	CRISIL A1+	0.14%
Kotak Mahindra Bank Limited (14/01/2025)	CRISIL A1+	0.11%
Axis Bank Limited (28/11/2024)	CRISIL A1+	0.07%
HDFC Bank Limited (09/01/2025)	IND A1+	0.07%
National Bank For Agriculture and Rural Development (13/11/2024)	CRISIL A1+	0.04%
Axis Bank Limited (10/01/2025)	CRISIL A1+	0.04%
ICICI Bank Limited (27/02/2025)	ICRA A1+	0.04%
HDFC Bank Limited (28/02/2025)	CARE A1+	0.04%
Total		3.18%
T-Bill	Rating
364 Days Tbill (MD 16/01/2025)	Sovereign	0.43%
364 Days Tbill (MD 09/01/2025)	Sovereign	0.09%
364 Days Tbill (MD 06/06/2024)	Sovereign	0.01%
TREPS Including Cash & Cash Equivalent and Net Current Asset	Cash & Cash Equivalent	11.36%
Sub total		11.89%
Net Assets		100.00%

^@ 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)*	19.59%	15.94%	14.19%	71,916	51,066	43,184
May 31, 2023 to May 31, 2024 (Last 1 Year)	32.21%	35.06%	22.95%	13,231	13,517	12,302
May 31, 2021 to May 31, 2024 (Last 3 Years)	19.89%	18.08%	14.44%	17,239	16,470	14,991
May 31, 2019 to May 31, 2024 (Last 5 Years)	23.45%	17.83%	14.93%	28,709	22,732	20,072
May 30, 2014 to May 31, 2024 (Last 10 Years)	18.27%	15.06%	13.42%	53,660	40,712	35,269

*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 from May 24, 2013	May 31, 2023 to May 31, 2024 (Last 1 Year)	May 31, 2021 to May 31, 2024 (Last 3 Years)	May 31, 2019 to May 31, 2024 (Last 5 Years)	May 30, 2014 to May 31, 2024 (Last 10 Years)
Total Amount Invested	13,30,000	1,20,000	3,60,000	6,00,000	12,00,000
Market value of Investment (Regular Plan)	42,88,267	1,39,794	5,00,205	11,11,935	34,05,249
(Regular Plan) Returns (Annualised) (%)	19.80%	31.96%	22.58%	24.95%	19.79%
Nifty 500 (TRI) Returns (Annualised) (%)	16.52%	32.81%	21.45%	22.38%	16.52%
Nifty 50 (TRI) Returns (Annualised) (%)	14.64%	20.81%	15.90%	18.14%	14.68%

*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.

3 Year Rolling Return	Average	Maximum	Minimum	Std. Deviation
Parag Parikh Flexi Cap Fund - Reg - Growth	18.11%	36.29%	0.07%	6.13%
Tier I Benchmark Index - Nifty 500 TRI	14.52%	33.50%	-6.31%	6.10%
5 Year Rolling Return	Average	Maximum	Minimum	Std. Deviation
Parag Parikh Flexi Cap Fund - Reg - Growth	16.92%	24.11%	3.44%	4.20%
Tier I Benchmark Index - Nifty 500 TRI	13.01%	21.17%	-1.05%	3.93%
10 Year Rolling Return	Average	Maximum	Minimum	Std. Deviation
Parag Parikh Flexi Cap Fund - Reg - Growth	19.22%	20.60%	18.23%	0.54%
Tier I Benchmark Index - Nifty 500 TRI	15.71%	17.02%	14.00%	0.67%
- Returns are calculated since inception with daily rolling frequency for the 3, 5 and 10 year 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 dated May 19, 2023 (Alignment of interest of Designated Employees of Asset Management Companies (AMCs) with the Unitholders of the Mutual Fund Schemes) as at May 31, 2024.

Scheme	Units	AUM (in Rs.)
Parag Parikh Flexi Cap Fund - Direct Plan	1,260,354.97	97,962,224.60

We have our Skin in the Game
The combined holding of 'Insiders' in Parag Parikh Flexi Cap Fund amounts to ₹ 424.50 Crores of AUM as at May 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 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 - MAY 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: 1.71%* Direct Plan: 0.61%* *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 May 31, 2024	₹ 3,454.03 Crores
Average AUM for the Month	₹ 3,420.39 Crores

Net Asset Value (NAV) as on May 31, 2024
Direct Plan	28.78
Regular Plan	27.1135

Entry Load	Not Applicable
Exit Load	NIL

Beta	0.64
Standard Deviation	9.65%
Sharpe Ratio	1.21
Portfolio Turnover	8.23%
- Above figures are annualised. - Risk free rate assumed to be 6.76% (FBIL Overnight MIBOR as on May 31, 2024)

Core Equity
Name	Industry	% of Net Assets
HDFC Bank Limited	Banks	8.42%
Bajaj Holdings & Investment Limited	Finance	7.09%
Coal India Limited	Consumable Fuels	6.44%
Power Grid Corporation of India Limited	Power	6.38%
ICICI Bank Limited	Banks	5.06%
ITC Limited	Diversified FMCG	5.00%
Maruti Suzuki India Limited	Automobiles	4.91%
Maharashtra Scooters Limited	Finance	3.99%
Axis Bank Limited	Banks	3.80%
Tata Consultancy Services Limited	IT - Software	3.61%
HCL Technologies Limited	IT - Software	3.49%
Wipro Limited	IT - Software	3.13%
Kotak Mahindra Bank Limited	Banks	2.60%
Infosys Limited	IT - Software	2.49%
Balkrishna Industries Limited	Auto Components	2.18%
NMDC Limited	Minerals & Mining	1.80%
Motilal Oswal Financial Services Limited	Capital Markets	1.32%
VST Industries Limited	Cigarettes & Tobacco Products	1.25%
Zydus Lifesciences Limited	Pharmaceuticals & Biotechnology	1.09%
Oracle Financial Services Software Limited	IT - Software	0.97%
Dr. Reddy's Laboratories Limited	Pharmaceuticals & Biotechnology	0.97%
CMS Info System Limited	Commercial Services & Supplies	0.91%
Indraprastha Gas Limited	Gas	0.88%
Cipla Limited	Pharmaceuticals & Biotechnology	0.87%
UTI Asset Management Company Limited	Capital Markets	0.74%
IPCA Laboratories Limited	Pharmaceuticals & Biotechnology	0.58%
Multi Commodity Exchange of India Limited	Capital Markets	0.51%
Central Depository Services (India) Limited	Capital Markets	0.49%
Indian Energy Exchange Limited	Capital Markets	0.39%
CCL Products (India) Limited	Agricultural Food & other Products	0.29%
ICRA Limited	Capital Markets	0.27%
Swaraj Engines Limited	Industrial Products	0.23%
EID Parry India Limited	Fertilizers & Agrochemicals	0.22%
Accelya Solutions India Limited	IT - Software	0.04%
Total		82.41%
Debt and Money Market Instruments
Certificate of Deposit	Rating
Kotak Mahindra Bank Limited (25/10/2024)	CRISIL A1+	0.70%
National Bank For Agriculture and Rural Development (13/11/2024)	CRISIL A1+	0.70%
Axis Bank Limited (10/01/2025)	CRISIL A1+	0.69%
Canara Bank (22/01/2025)	CRISIL A1+	0.69%
Union Bank of India (31/01/2025)	IND A1+	0.69%
Punjab National Bank (06/02/2025)	ICRA A1+	0.69%
Bank of Baroda (20/02/2025)	IND A1+	0.69%
ICICI Bank Limited (27/02/2025)	ICRA A1+	0.69%
HDFC Bank Limited (28/02/2025)	CARE A1+	0.69%
Indian Bank (13/03/2025)	CRISIL A1+	0.68%
Total		6.91%
Treasury Bill
364 Days Tbill (MD 09/01/2025)	Sovereign	0.14%
TREPS Including Cash & Cash Equivalent and Net Current Asset	Cash & Cash Equivalent	10.54%
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)*	22.79%	19.98%	16.66%	27,114	24,230	21,135
May 31, 2023 to May 31, 2024 (Last 1 Year)	27.95%	35.06%	22.95%	12,803	13,517	12,302
May 31, 2021 to May 31, 2024 (Last 3 Years)	19.54%	18.08%	14.44%	17,092	16,470	14,991

*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 from July 24, 2019	May 31, 2023 to May 31, 2024 (Last 1 Year)	May 31, 2021 to May 31, 2024 (Last 3 Years)
Total Amount Invested	5,90,000	1,20,000	3,60,000
Market value of Investment (Regular Plan)	10,43,346	1,35,953	4,85,684
(Regular Plan) Returns (Annualised) (%)	23.44%	25.55%	20.46%
Nifty 500 (TRI) Returns (Annualised) (%)	22.65%	32.81%	21.45%
Nifty 50 (TRI) Returns (Annualised) (%)	18.34%	20.81%	15.90%

*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.

3 Year Rolling Return	Average	Maximum	Minimum	Std. Deviation
Parag Parikh ELSS Tax Saver Fund - Regular - Growth	24.23%	35.78%	19.54%	3.19%
Tier I Benchmark Index - Nifty 500 TRI	21.11%	33.50%	14.98%	3.59%
- Returns are calculated since inception with daily rolling frequency for the 3 year period. (PPTSF)

Total number of units held in Parag Parikh ELSS Tax Saver Fund as per SEBI vide its Master Circular dated May 19, 2023 (Alignment of interest of Designated Employees of Asset Management Companies (AMCs) with the Unitholders of the Mutual Fund Schemes) as at May 31, 2024.

Scheme	Units	AUM (in Rs.)
Parag Parikh ELSS Tax Saver Fund - Direct Plan	179,815.89	5,167,495.03

We have our Skin in the Game
The combined holding of 'Insiders' in Parag Parikh ELSS Tax Saver Fund amounts to ₹ 56.98 Crores of AUM as at May 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 - MAY 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 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 - Debt Fund Manager (Since Inception) Ms. Mansi Kariya - Co - Fund Manager - Debt (Since December 22, 2023)
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 May 31, 2024	₹ 2,159.25 Crores
Average AUM for the Month	₹ 2,171.20 Crores

Plan	Direct	Regular
Growth	1357.3926	1349.0816
Daily Reinvestment of Income Distribution cum capital withdrawal option	1000.5405	1000.5404
Weekly Reinvestment of Income Distribution cum capital withdrawal option	1001.754	1001.7429
Monthly Income Distribution cum capital withdrawal option	1003.7553	1003.7442

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)
27^th May 2024	₹ 5.3555	₹ 5.3555	₹ 5.2783	₹ 5.2783	1,000	1,003	1,003	1008.2783	1008.3555
29^th April 2024	₹ 6.6650	₹ 6.6650	₹ 6.5717	₹ 6.5717	1,000	1,003	1,003	1009.5717	1009.6650
26^th Mar 2024	₹ 5.5153	₹ 5.5153	₹ 5.4360	₹ 5.4360	1,000	1,003	1,003	1008.4360	1008.5153

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)	46.03
Modified duration (Years)^#	0.1155
Yield to Maturity^#	6.98%
Macaulay Duration (Years)^#	0.1235
* Computed on the invested amount # All the above ratios are computed excluding investment in CDMDF units

Source: Internal sources

Treasury Bills
Name	Rating	% of Net Assets
91 Days Tbill (MD 02/08/2024)	Sovereign	5.72%
182 Days Tbill (MD 18/07/2024)	Sovereign	4.59%
182 Days Tbill (MD 06/06/2024)	Sovereign	3.47%
91 Days Tbill (MD 27/06/2024)	Sovereign	3.46%
91 Days Tbill (MD 04/07/2024)	Sovereign	3.45%
91 Days Tbill (MD 19/07/2024)	Sovereign	3.44%
182 Days Tbill (MD 08/08/2024)	Sovereign	3.43%
91 Days Tbill (MD 25/07/2024)	Sovereign	2.48%
91 Days Tbill (MD 20/06/2024)	Sovereign	2.31%
182 Days Tbill (MD 11/07/2024)	Sovereign	2.30%
91 Days Tbill (MD 12/07/2024)	Sovereign	1.15%
182 Days Tbill (MD 22/08/2024)	Sovereign	1.14%
Sub Total		36.94%
Government Securities
8.97% State Government Securities (23/07/2024)	Sovereign	3.02%
Non Convertible Debentures
9.30% Power Grid Corporation of India Limited (28/06/2024)	CRISIL AAA	1.16%
Non Convertible Debentures
NTPC Limited (29/07/2024)	CRISIL A1+	4.58%
National Housing Bank (28/08/2024)	ICRA A1+	4.55%
National Bank For Agriculture and Rural Development (31/07/2024)	ICRA A1+	2.29%
National Bank For Agriculture and Rural Development (14/08/2024)	CRISIL A1+	2.28%
Sub Total		13.70%
Certificate of Deposit
Punjab National Bank (01/07/2024)	ICRA A1+	4.60%
Canara Bank (12/07/2024)	CRISIL A1+	4.59%
Axis Bank Limited (22/07/2024)	CRISIL A1+	4.59%
Indian Bank (24/07/2024)	CRISIL A1+	4.58%
Union Bank of India (27/08/2024)	IND A1+	4.55%
ICICI Bank Limited (13/06/2024)	ICRA A1+	3.47%
HDFC Bank Limited (14/06/2024)	CARE A1+	3.46%
Bank of Baroda (16/08/2024)	IND A1+	3.42%
Kotak Mahindra Bank Limited (07/06/2024)	CRISIL A1+	2.31%
Kotak Mahindra Bank Limited (26/06/2024)	CRISIL A1+	2.30%
ICICI Bank Limited (12/06/2024)	ICRA A1+	1.16%
Bank of Baroda (20/08/2024)	IND A1+	1.14%
Sub Total		40.17%
Corporate Debt Market Development Fund A2
Corporate Debt Market Development Fund		0.24%
TREPS and Other Receivables and Payables
TREPS Including Cash & Cash Equivalent and Net Current Asset		4.77%
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)*	5.06%	5.62%	5.88%	13,491	13,932	14,136
May 24, 2024 to May 31, 2024 (Last 7 Days)	6.65%	6.92%	7.47%	10,013	10,013	10,014
May 16, 2024 to May 31, 2024 (Last 15 Days)	7.03%	7.27%	7.78%	10,029	10,030	10,032
April 30, 2024 to May 31, 2024 (Last 1 Month)	6.87%	7.06%	7.33%	10,058	10,060	10,062
May 31, 2023 to May 31, 2024 (Last 1 Year)	6.84%	7.28%	7.08%	10,686	10,730	10,710
May 31, 2021 to May 31, 2024 (Last 3 Years)	5.30%	5.75%	5.35%	11,677	11,829	11,696
May 31, 2019 to May 31, 2024 (Last 5 Years)	4.79%	5.28%	5.53%	12,642	12,939	13,089

*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 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.
Less than 1 year returns are simple annualised returns.

Total number of units held in Parag Parikh Liquid Fund as per SEBI vide its Master Circular dated May 19, 2023 (Alignment of interest of Designated Employees of Asset Management Companies (AMCs) with the Unitholders of the Mutual Fund Schemes) as at May 31, 2024.

Scheme	Units	AUM (in Rs.)
Parag Parikh Liquid Fund Direct Plan Growth	2,769.90	3,759,129.76

We have our Skin in the Game
The combined holding of 'Insiders' in Parag Parikh Liquid Fund amounts to ₹ 60.19 Crores of AUM as at May 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 - May 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 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]