Parag Parikh Conservative Hybrid Fund

An open-ended hybrid scheme investing predominantly in debt instruments

Factsheet - APRIL 2025

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: 0.64%* Direct Plan: 0.34%* *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 Apr 30, 2025	₹ 2,550.29 Crores
Average AUM for the Month	₹ 2,497.24 Crores

Net Asset Value (NAV) as on Apr 30, 2025
Regular Plan	14.8554
Direct Plan	15.0309
Regular Plan - Monthly IDCW	10.9215
Direct Plan - Monthly IDCW	11.0196

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)*	3.95
*Modified Duration (Years)^#**	3.1849
*Yield to Maturity^{^#$}**	6.66%
*Macaulay duration (Years)^#**	3.3002
*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	2.21%
ITC Limited	Diversified FMCG	1.98%
Coal India Limited	Consumable Fuels	1.98%
Power Grid Corporation of India Limited	Power	1.83%
Swaraj Engines Limited	Industrial Products	0.99%
Sub total		8.99%
Arbitrage and Special Situations
Name	Industry	% of Net Assets
Reliance Industries Limited	Petroleum Products	1.13%
UltraTech Cement Limited	Cement & Cement Products	1.12%
Kotak Mahindra Bank Limited	Banks	0.42%
Axis Bank Limited	Banks	0.31%
Tata Motors Limited	Automobiles	0.28%
ICICI Bank Limited	Banks	0.24%
Punjab National Bank	Banks	0.16%
Bank of Baroda	Banks	0.10%
GMR Airports Limited	Transport Infrastructure	0.05%
HDFC Bank Limited	Banks	0.05%
Steel Authority of India Limited	Ferrous Metals	0.03%
Tata Consultancy Services Limited	IT - Software	0.02%
Indian Oil Corporation Limited	Petroleum Products	0.01%
Jio Financial Services Limited	Finance	$0.00%
Sub total		3.92%
Total		12.91%
Units issued by REITs & InvITs
Listed / awaiting listing on the stock exchanges
Name	Industry	% of Net Assets
Embassy Office Parks REIT	Realty	4.25%
Brookfield India Real Estate Trust	Realty	4.07%
Mindspace Business Parks REIT	Realty	0.74%
Sub total		9.06%
Debt and Money Market Instruments
Name	Rating	% of Net Assets
Certificate of Deposit
Punjab National Bank (11/12/2025)	CRISIL A1+	2.07%
Axis Bank Limited (08/01/2026)	CRISIL A1+	1.87%
Kotak Mahindra Bank Limited (13/03/2026)	CRISIL A1+	1.11%
Axis Bank Limited (05/09/2025)	CRISIL A1+	0.96%
HDFC Bank Limited (18/12/2025)	CARE A1+	0.94%
HDFC Bank Limited (24/03/2026)	CRISIL A1+	0.92%
Kotak Mahindra Bank Limited (09/01/2026)	CRISIL A1+	0.37%
Indian Bank (19/01/2026)	CRISIL A1+	0.37%
Kotak Mahindra Bank Limited (28/11/2025)	CRISIL A1+	0.19%
Canara Bank (05/12/2025)	CRISIL A1+	0.19%
Punjab National Bank (08/01/2026)	CRISIL A1+	0.19%
Kotak Mahindra Bank Limited (15/01/2026)	CRISIL A1+	0.19%
Sub total		9.37%
Corporate Bond
7.70% REC Ltd NCD Ser 234A (MD 31/08/2026)	ICRA AAA	1.39%
7.51% SIDBI NCD Ser V (MD 12/06/2028)	CRISIL AAA	1.00%
7.68% SIDBI NCD Ser VIII (MD 09/07/2027)	CRISIL AAA	1.00%
7.50% NABARD Sr 24A NCD (MD 31/08/2026)	CRISIL AAA	0.99%
7.57% NABARD Sr 23G NCD (MD 19/03/2026)	CRISIL AAA	0.99%
7.58% Power Fin Corp NCD Sr222 (MD15/01/2026)	CRISIL AAA	0.98%
7.68% IRFC NCD Series 173 (MD 24/11/2026)	CRISIL AAA	0.79%
7.37% Power Fin Corp NCD Sr 230 (MD 22/05/2026)	CRISIL AAA	0.79%
7.59% Power Fin Corp NCD Sr 221B (MD 17/01/2028)	CRISIL AAA	0.60%
7.42% Power Fin Corp Ltd BS 246A NCD (MD 15/04/28)	CRISIL AAA	0.60%
7.77% REC Ltd NCD Ser 227 A (MD 30/09/2026)	CRISIL AAA	0.59%
7.70% NABARD Ser 25A NCD (MD 30/09/2027)	ICRA AAA	0.40%
7.62% NABARD NCD Sr 23I (MD 31/01/2028)	CRISIL AAA	0.40%
7.59% National Hsg Bank NCD MD(14/07/2027)	CRISIL AAA	0.20%
7.59% REC Ltd NCD Ser 232A (MD 31/05/2027)	CRISIL AAA	0.20%
7.87% IndiGRID Infra Trust Ser Y (MD 24/02/2027)	CRISIL AAA	0.20%
7.64% REC Ltd NCD Ser 225 (MD 30/06/2026)	CRISIL AAA	0.20%
7.7% IndiGRID Infra Trust Ser 3 (MD 06/05/2028)	CRISIL AAA	0.20%
7.58% NABARD Sr 23H NCD (MD 31/07/2026)	CRISIL AAA	0.20%
7.4% National Hsg Bank Ltd NCD (16/07/2026)	CRISIL AAA	0.20%
Sub total		11.92%
Government securities/State Development Loans (SDLs)
7.33% Maharashtra SDL (MD 31/05/2031)	Sovereign	2.03%
7.14% Karnataka SDL (MD 12/01/2032)	Sovereign	2.01%
7.76% Maharashtra SDL (MD 04/10/2030)	Sovereign	1.86%
7.7% Maharashtra SDL (MD 19/10/2030)	Sovereign	1.65%
7.83% Maharashtra SDL (MD 08/04/2030)	Sovereign	1.45%
7.72% Maharashtra SDL (MD 23/03/2032)	Sovereign	1.24%
7.78% Maharashtra SDL (MD 27/10/2030)	Sovereign	1.24%
7.7% Andhra Pradesh SDL (MD 22/02/2030)	Sovereign	1.23%
7.39% Tamilnadu SDL (MD 12/06/2032)	Sovereign	1.23%
6.9% Gujarat SDL (MD 31/03/2030)	Sovereign	1.19%
Other Government Securities	Sovereign	37.89%
Sub total		53.02%
Treasury Bills
364 Days Tbill (MD 21/11/2025)	Sovereign	0.19%
Sub total		0.19%
Mutual Fund Units
Parag Parikh Liquid Fund- Direct Plan- Growth		1.06%
Sub total		1.06%
Corporate Debt Market Development Fund A2
Corporate Debt Market Development Fund - Class A2 Units		0.25%
Sub total		0.25%
TREPS and Other Receivables and Payables
TREPS Including Cash & Cash Equivalent and Net Current Asset		2.22%
Sub total		2.22%
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)
Apr 28, 2025	0.0000	0.0000	0.0471	0.0471	10.0000	10.9202	11.0181	10.9673	11.0181
Apr 02, 2025	0.0594	0.0594	0.1083	0.1083	10.0000	10.8137	10.8616	10.9220	10.9209
Feb 24, 2025	0.0682	0.0682	0.0200	0.0200	10.0000	10.7097	10.7053	10.7296	10.7736

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 (26 May, 2021)*	10.59%	10.92%	7.80%	5.72%	14,855	15,031	13,434	12,446
April 30, 2024 to April 30, 2025 (Last 1 Year)	10.45%	10.78%	10.28%	12.58%	11,045	11,078	11,028	11,258
April 29, 2022 to April 30, 2025 (Last 3 Years)	11.47%	11.80%	9.01%	8.57%	13,860	13,984	12,961	12,803

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

Different plans shall have different expense structures.
Scheme returns shown are for direct and 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.

1 Year Rolling Return	Average	Maximum	Minimum	Std. Deviation
Parag Parikh Conservative Hybrid Fund - Reg - Growth	11.31%	19.36%	3.88%	4.32%
Parag Parikh Conservative Hybrid Fund - Dir - Growth	11.64%	19.72%	4.19%	4.33%
CRISIL Hybrid 85+15 Conservative Index	7.83%	13.91%	-0.31%	3.92%
3 Years Rolling Return	Average	Maximum	Minimum	Std. Deviation
Parag Parikh Conservative Hybrid Fund - Reg - Growth	11.18%	12.02%	10.37%	0.37%
Parag Parikh Conservative Hybrid Fund - Dir - Growth	11.51%	12.35%	10.70%	0.37%
CRISIL Hybrid 85+15 Conservative Index	7.68%	9.09%	6.86%	0.38%
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)	April 30, 2024 to April 30, 2025 (Last 1 Year)	April 29, 2022 to April 30, 2025 (Last 3 Years)
Total Amount Invested	4,80,000	1,20,000	3,60,000
Market value of Investment (Regular Plan)	6,05,676	1,25,910	4,32,750
Market value of Investment (Direct Plan)	6,09,614	1,26,113	4,34,854
(Regular Plan) Returns (Annualised) (%)	11.66%	9.36%	12.35%
(Direct Plan) Returns (Annualised) (%)	11.99%	9.69%	12.69%
CRISIL Hybrid 85+15 - ConservativeIndex Returns (Annualised) (%)	9.12%	9.62%	10.14%
Crisil 10 year Gilt Index Returns (Annualised) (%)	8.48%	12.91%	10.07%

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 Apr 30, 2025.

Scheme	Units	AUM (in Rs.)
Parag Parikh Conservative Hybrid Fund - Direct Plan Growth	3,11,503.80	46,82,182.37

We have our Skin in the Game
The combined holding of 'Insiders' in Parag Parikh Conservative Hybrid Fund amounts to ₹ 9.87 Crores
of AUM as at Apr 30, 2025. 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 - APRIL 2025

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: 0.64%* Direct Plan: 0.29%* *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 Apr 30, 2025	₹ 1,427.25 Crores
Average AUM for the Month	₹ 1,355.49 Crores

Net Asset Value (NAV) as on Apr 30, 2025
Regular Plan	11.1124
Direct Plan	11.1707

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)*	140.83
Modified Duration (Years)*	0.3594
*Yield to Maturity^{^$}**	6.48%
Macaulay duration (Years)*	0.3833
*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
HDFC Bank Limited	Banks	4.40%
Reliance Industries Limited	Petroleum Products	4.09%
Axis Bank Limited	Banks	3.13%
IDFC First Bank Limited	Banks	3.06%
ICICI Bank Limited	Banks	2.62%
Bank of Baroda	Banks	2.27%
Canara Bank	Banks	2.16%
Mahindra & Mahindra Limited	Automobiles	2.14%
Infosys Limited	IT - Software	2.07%
UltraTech Cement Limited	Cement & Cement Products	2.03%
Other Equity		38.82%
Total		66.79%
Debt and Money Market Instruments
Name	Rating	% of Net Assets
Certificate of Deposit
Small Industries Dev Bank of India (25/03/2026)	CARE A1+	3.30%
Canara Bank (03/09/2025)	CRISIL A1+	1.71%
Union Bank of India (04/12/2025)	ICRA A1+	1.68%
Punjab National Bank (11/12/2025)	CRISIL A1+	1.68%
HDFC Bank Limited (18/12/2025)	CARE A1+	1.68%
National Bank For Agriculture and Rural Development (20/01/2026)	CRISIL A1+	1.67%
Kotak Mahindra Bank Limited (13/03/2026)	CRISIL A1+	1.32%
Bank of Baroda (12/09/2025)	IND A1+	1.03%
Kotak Mahindra Bank Limited (09/01/2026)	CRISIL A1+	1.00%
National Bank For Agriculture and Rural Development (05/02/2026)	CRISIL A1+	1.00%
Axis Bank Limited (05/06/2025)	CRISIL A1+	0.35%
Sub total		16.42%
Treasury Bill
Name	Rating	% of Net Assets
364 Days Tbill (MD 15/08/2025)	Sovereign	0.34%
Sub total		0.34%
Mutual Fund Units
Parag Parikh Liquid Fund- Direct Plan- Growth		14.56%
Sub total		14.56%
TREPS and Other Receivables and Payables
TREPS Including Cash & Cash Equivalent and Net Current Asset		1.89%
Sub total		1.89%
Net Assets		100.00%

*Outstanding Derivative exposure - 67.01%

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)*	7.32%	7.70%	7.80%	7.69%	11,112	11,171	11,187	11,170
April 30, 2024 to April 30, 2025 (Last 1 Year)	7.15%	7.53%	7.71%	7.86%	10,715	10,753	10,771	10,786

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

Different plans shall have different expense structures.
Scheme returns shown are for direct and 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 (02 Nov, 2023)	April 30, 2024 to April 30, 2025 (Last 1 Year)
Total Amount Invested	1,80,000	1,20,000
Market value of Investment (Regular)	1,90,255	1,24,586
Market value of Investment (Direct)	1,90,789	1,24,822
(Regular) Returns (Annualised) (%)	7.25%	7.24%
(Direct) Returns (Annualised) (%)	7.63%	7.62%
Nifty 50 Arbitrage (TRI) Returns (Annualised) (%)	7.86%	8.06%
CRISIL 1 Year T-Bill Index Returns (Annualised) (%)	7.89%	8.06%

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 Apr 30, 2025.

Scheme	Units	AUM (in Rs.)
Parag Parikh Arbitrage Fund - Direct Plan Growth	64,392.06	7,19,303.85

We have our Skin in the Game
The combined holding of 'Insiders' in Parag Parikh Arbitrage Fund amounts to ₹ 61.28 Crores of AUM as at Apr 30, 2025.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 - APRIL 2025

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 Apr 30, 2025	₹ 1,919.67 Crores
Average AUM for the Month	₹ 1,840.45 Crores

Net Asset Value (NAV) as on Apr 30, 2025
Regular Plan	11.1964
Direct Plan	11.2359
Regular Plan - Monthly IDCW:	10.2090
Direct Plan - Monthly IDCW:	10.3679

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)*	4.05
*Modified Duration (Years)^#**	3.2089
*Yield to Maturity^{^#$}**	6.65%
*Macaulay duration (Years)^#**	3.3263
*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
Coal India Limited	Consumable Fuels	2.60%
Petronet LNG Limited	Gas	2.59%
Power Grid Corporation of India Limited	Power	2.55%
ITC Limited	Diversified FMCG	2.44%
Swaraj Engines Limited	Industrial Products	1.51%
Nesco Limited	Commercial Services & Supplies	0.94%
NIRLON LIMITED	Commercial Services & Supplies	0.16%
VST Industries Limited	Cigarettes & Tobacco Products	0.05%
Sub total		12.84%
Arbitrage
^@Reliance Industries Limited	Petroleum Products	4.59%
^@Bajaj Finance Limited	Finance	2.15%
^@UltraTech Cement Limited	Cement & Cement Products	1.67%
^@Kotak Mahindra Bank Limited	Banks	1.52%
^@Tata Motors Limited	Automobiles	1.43%
^@Axis Bank Limited	Banks	1.35%
^@HDFC Bank Limited	Banks	1.31%
^@ICICI Bank Limited	Banks	1.01%
^@Bharat Electronics Limited	Aerospace & Defense	0.65%
^@Titan Company Limited	Consumer Durables	0.57%
^@Others		6.86%
Sub total		23.11%
Total		35.95%
Certificate of Deposit
Indian Bank (04/12/2025)	CRISIL A1+	1.25%
Punjab National Bank (11/12/2025)	CRISIL A1+	1.25%
HDFC Bank Limited (18/12/2025)	CARE A1+	1.25%
Axis Bank Limited (08/01/2026)	CRISIL A1+	0.75%
Axis Bank Limited (16/07/2025)	CRISIL A1+	0.51%
Kotak Mahindra Bank Limited (28/11/2025)	CRISIL A1+	0.50%
Punjab National Bank (10/07/2025)	CRISIL A1+	0.26%
Kotak Mahindra Bank Limited (24/07/2025)	CRISIL A1+	0.26%
HDFC Bank Limited (04/11/2025)	CARE A1+	0.25%
Sub total		6.28%
Corporate Bond/NCD
7.42% Power Fin Corp Ltd BS 246A NCD (MD 15/04/28)	CRISIL AAA	1.85%
7.79% SIDBI NCD Ser IV of 23-24 (MD 19/04/2027)	CRISIL AAA	1.32%
7.68% IRFC NCD Series 173 (MD 24/11/2026)	CRISIL AAA	1.32%
7.59% REC Ltd NCD Ser 232A (MD 31/05/2027)	CRISIL AAA	1.06%
7.59% National Hsg Bank NCD MD(14/07/2027)	CRISIL AAA	0.79%
7.58% NABARD Sr 23H NCD (MD 31/07/2026)	CRISIL AAA	0.79%
7.37% Power Fin Corp NCD Sr 230 (MD 22/05/2026)	CRISIL AAA	0.79%
7.77% REC Ltd NCD Ser 227 A (MD 30/09/2026)	CRISIL AAA	0.53%
7.70% REC Ltd NCD Ser 234A (MD 31/08/2026)	ICRA AAA	0.53%
7.57% NABARD Sr 23G NCD (MD 19/03/2026)	CRISIL AAA	0.52%
7.4% National Hsg Bank Ltd NCD (16/07/2026)	CRISIL AAA	0.52%
7.25% NABARD Sr 23C NCD (MD 01/08/2025)	CRISIL AAA	0.52%
7.95% REC Ltd NCD (MD 12/03/2027)	CRISIL AAA	0.27%
7.70% NABARD Ser 25A NCD (MD 30/09/2027)	ICRA AAA	0.26%
7.87% IndiGRID Infra Trust Ser Y (MD 24/02/2027)	CRISIL AAA	0.26%
6.07% NABARD NCD Sr MIF 1B (MD 19/11/2027)	ICRA AAA	0.26%
Sub total		11.59%
Government securities/State Development Loans (SDLs)
7.39% Tamilnadu SDL (MD 12/06/2032)	Sovereign	2.17%
7.7% Maharashtra SDL (MD 08/03/2031)	Sovereign	1.37%
7.67% Tamilnadu SDL (MD 13/12/2030)	Sovereign	1.37%
7.33% Maharashtra SDL (MD 31/05/2031)	Sovereign	1.35%
6.98% Tamilnadu SDL (MD 14/07/2031)	Sovereign	1.33%
7.32% GOI (MD 13/11/2030)	Sovereign	1.10%
7.83% Maharashtra SDL (MD 08/04/2030)	Sovereign	1.10%
7.69% Maharashtra SDL (MD 15/03/2031)	Sovereign	1.10%
7.49% Maharashtra SDL (MD 12/04/2030)	Sovereign	1.08%
7.17% Tamilnadu SDL (MD 27/02/2033)	Sovereign	1.07%
Other Government Securities	Sovereign	25.73%
Sub total		38.77%
Treasury Bills
364 Days Tbill (MD 15/08/2025)	Sovereign	0.26%
364 Days Tbill (MD 21/11/2025)	Sovereign	0.25%
Sub total		0.51%
Mutual Fund Units
Parag Parikh Liquid Fund- Direct Plan- Growth		3.67%
Sub total		3.67%
TREPS and Other Receivables and Payables
TREPS Including Cash & Cash Equivalent and Net Current Asset		3.23%
Sub total		3.23%
Net Assets		100.00%

^@ Hedged by offsetting derivative position

Source: Internal sources

Source: Internal sources

Date	Scheme		Benchmark	Index	Value of Investment of Rs. 10,000/-
	PPDAAF (Regular)	PPDAAF (Direct)	CRISIL Hybrid 50+50 - Moderate Index	Nifty 50 TRI	PPDAAF (Regular)	PPDAAF (Direct)	CRISIL Hybrid 50+50 - Moderate Index	Nifty 50 TRI
Since Inception (27 Feb, 2024)*	10.12%	10.45%	9.49%	9.31%	11,196	11,236	11,121	11,101
April 30, 2024 to April 30, 2025 (Last 1 Year)	9.84%	10.17%	9.07%	9.01%	10,984	11,017	10,907	10,901

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

Different plans shall have different expense structures.
Scheme returns shown are for direct and 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.

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)
Apr. 28, 2025	NIL	NIL	NIL	NIL	10.0000	10.2130	10.3718	10.2130	10.3718
Apr. 02, 2025	0.1931	0.1931	0.1847	0.1847	10.0000	10.0803	10.2348	10.2650	10.4279
Feb. 24, 2025	0.0000	0.0000	0.0000	0.0000	10.0000	10.0376	10.1938	10.0376	10.1938

SIP Investment Performance (Assumption : 10,000/- is invested on the first of every month)
Date	Since Inception (27 Feb, 2024)	April 30, 2024 to April 30, 2025 (Last 1 Year)
Total Amount Invested	1,50,000	1,20,000
Market value of Investment (Regular Plan)	1,58,862	1,25,330
Market value of Investment (Direct Plan)	1,59,180	1,25,533
(Regular Plan) Returns (Annualised) (%)	9.09%	8.43%
(Direct Plan) Returns (Annualised) (%)	9.41%	8.76%
CRISIL Hybrid 50+50 - Moderate Index (Annualised) (%)	7.21%	6.04%
Nifty 50 TRI (Annualised) (%)	6.12%	4.53%

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 Apr 30, 2025.

Scheme	Units	AUM (in Rs.)
Parag Parikh Dynamic Asset Allocation Fund - Direct Plan Growth	73,467.74	8,25,476.30

We have our Skin in the Game
The combined holding of 'Insiders' in Parag Parikh Dynamic Asset Allocation Fund amounts to ₹ 15.35 Crores of AUM as at Apr 30, 2025..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 - APRIL 2025

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: 1.27%* 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 Apr 30, 2025	₹ 98,541.28 Crores
Average AUM for the Month	₹ 94,937.98 Crores

Net Asset Value (NAV) as on Apr 30, 2025
Regular Plan:	80.3227
Direct Plan:	87.4119

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	0.62
Standard Deviation	10.24%
Sharpe Ratio	1.17
Portfolio Turnover (excl Equity Arbitrage)	14.10%
Portfolio Turnover (incl Equity Arbitrage)	30.55%
- Above figures are annualised. - Risk free rate assumed to be 6.00% (FBIL Overnight MIBOR as on Apr 30, 2025)

Portfolio Disclosure
Core Equity
Name	Industry	% of Net Assets
HDFC Bank Limited	Banks	8.36%
Bajaj Holdings & Investment Limited	Finance	6.46%
Power Grid Corporation of India Limited	Power	6.04%
Coal India Limited	Consumable Fuels	5.80%
ICICI Bank Limited	Banks	5.07%
ITC Limited	Diversified FMCG	4.55%
Kotak Mahindra Bank Limited	Banks	4.43%
Maruti Suzuki India Limited	Automobiles	3.76%
Mahindra & Mahindra Limited	Automobiles	3.28%
Axis Bank Limited	Banks	3.28%
HCL Technologies Limited	IT - Software	2.98%
Infosys Limited	IT - Software	1.42%
Cipla Limited	Pharmaceuticals & Biotechnology	1.26%
Zydus Lifesciences Limited	Pharmaceuticals & Biotechnology	1.26%
Dr. Reddy's Laboratories Limited	Pharmaceuticals & Biotechnology	1.25%
Balkrishna Industries Limited	Auto Components	1.14%
Indian Energy Exchange Limited	Capital Markets	0.85%
Motilal Oswal Financial Services Limited	Capital Markets	0.57%
Multi Commodity Exchange of India Limited	Capital Markets	0.50%
Narayana Hrudayalaya Limited	Healthcare Services	0.36%
Central Depository Services (India) Limited	Capital Markets	0.30%
IPCA Laboratories Limited	Pharmaceuticals & Biotechnology	0.26%
EID Parry India Limited	Food Products	0.25%
ICRA Limited	Capital Markets	0.16%
Maharashtra Scooters Limited	Finance	0.09%
Swaraj Engines Limited	Industrial Products	0.02%
Total		63.70%
Arbitrage and Special Situations
^@Reliance Industries Limited	Petroleum Products	0.92%
^@Bajaj Finance Limited	Finance	0.25%
^@Tata Consultancy Services Limited	IT - Software	0.20%
^@Bharti Airtel Limited	Telecom - Services	0.15%
^@Jio Financial Services Limited	Finance	0.14%
^@Others		0.87%
Sub total		2.53%
Total		66.23%
Overseas Securities, IDRS and ADRs
Meta Platforms Registered Shares A	Computer Software	2.78%
Alphabet Inc A	Computer Software	2.57%
Microsoft Corp	Computer Software	2.48%
Amazon Com Inc	Catalog/Specialty Distribution	2.17%
Total		10.00%
Debt and Money Market Instruments
Certificate of Deposit	Rating
ICICI Bank Limited (14/11/2025)	ICRA A1+	0.59%
Punjab National Bank (05/12/2025)	CRISIL A1+	0.59%
National Bank For Agriculture and Rural Development (22/01/2026)	CRISIL A1+	0.51%
Union Bank of India (26/11/2025)	ICRA A1+	0.49%
National Bank For Agriculture and Rural Development (20/01/2026)	CRISIL A1+	0.46%
Indian Bank (04/12/2025)	CRISIL A1+	0.34%
Axis Bank Limited (15/07/2025)	CRISIL A1+	0.30%
Canara Bank (02/09/2025)	CRISIL A1+	0.30%
HDFC Bank Limited (10/10/2025)	CARE A1+	0.30%
Kotak Mahindra Bank Limited (11/12/2025)	CRISIL A1+	0.29%
Canara Bank (12/12/2025)	CRISIL A1+	0.29%
Indian Bank (06/03/2026)	CRISIL A1+	0.29%
ICICI Bank Limited (27/06/2025)	ICRA A1+	0.28%
Bank of Baroda (13/01/2026)	IND A1+	0.24%
Bank of Baroda (12/09/2025)	IND A1+	0.22%
Bank of Baroda (12/12/2025)	IND A1+	0.22%
Indian Bank (20/08/2025)	CRISIL A1+	0.20%
Kotak Mahindra Bank Limited (22/08/2025)	CRISIL A1+	0.20%
Kotak Mahindra Bank Limited (04/12/2025)	CRISIL A1+	0.20%
HDFC Bank Limited (04/12/2025)	CRISIL A1+	0.20%
Punjab National Bank (08/01/2026)	CRISIL A1+	0.19%
Bank of Baroda (09/01/2026)	IND A1+	0.19%
Canara Bank (04/03/2026)	CRISIL A1+	0.19%
Punjab National Bank (18/03/2026)	CRISIL A1+	0.19%
HDFC Bank Limited (24/03/2026)	CRISIL A1+	0.17%
Axis Bank Limited (10/10/2025)	CRISIL A1+	0.15%
Axis Bank Limited (07/01/2026)	CRISIL A1+	0.15%
Axis Bank Limited (09/10/2025)	CRISIL A1+	0.12%
HDFC Bank Limited (18/12/2025)	CARE A1+	0.12%
Union Bank of India (18/12/2025)	IND A1+	0.12%
Bank of Baroda (05/05/2025)	IND A1+	0.10%
HDFC Bank Limited (22/08/2025)	CARE A1+	0.10%
Axis Bank Limited (22/08/2025)	CRISIL A1+	0.10%
HDFC Bank Limited (31/10/2025)	CRISIL A1+	0.10%
Axis Bank Limited (13/11/2025)	CRISIL A1+	0.10%
Kotak Mahindra Bank Limited (26/11/2025)	CRISIL A1+	0.10%
Canara Bank (04/12/2025)	CRISIL A1+	0.10%
Union Bank of India (04/12/2025)	ICRA A1+	0.10%
Union Bank of India (05/12/2025)	ICRA A1+	0.10%
Kotak Mahindra Bank Limited (15/01/2026)	CRISIL A1+	0.10%
Union Bank of India (16/01/2026)	ICRA A1+	0.10%
Indian Bank (19/01/2026)	CRISIL A1+	0.10%
Canara Bank (03/02/2026)	CRISIL A1+	0.10%
Kotak Mahindra Bank Limited (13/03/2026)	CRISIL A1+	0.10%
Axis Bank Limited (04/02/2026)	CRISIL A1+	0.07%
Indian Bank (06/11/2025)	CRISIL A1+	0.05%
Union Bank of India (29/01/2026)	IND A1+	0.05%
ICICI Bank Limited (25/07/2025)	ICRA A1+	0.02%
Sub total		9.69%
Mutual Fund Units
Parag Parikh Liquid Fund- Direct Plan- Growth		0.31%
Sub total		0.31%
T-Bill	Rating
364 Days Tbill (MD 04/12/2025)	Sovereign	0.29%
364 Days Tbill (MD 29/01/2026)	Sovereign	0.19%
364 Days Tbill (MD 21/11/2025)	Sovereign	0.11%
364 Days Tbill (MD 07/08/2025)	Sovereign	0.10%
364 Days Tbill (MD 27/11/2025)	Sovereign	0.05%
TREPS Including Cash & Cash Equivalent and Net Current Asset	Cash & Cash Equivalent	13.03%
Sub total		13.77%
Total		23.77%
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 (24 May, 2013)*	19.06%	19.91%	15.11%	13.85%	80,323	87,412	53,710	47,062
April 30, 2024 to April 30, 2025 (Last 1 Year)	12.79%	13.57%	5.95%	9.01%	11,279	11,357	10,595	10,901
April 29, 2022 to April 30, 2025 (Last 3 Years)	18.90%	19.85%	15.33%	13.78%	16,824	17,234	15,351	14,742
April 30, 2020 to April 30, 2025 (Last 5 Years)	27.35%	28.48%	23.63%	21.16%	33,523	35,030	28,897	26,127
April 30, 2015 to April 30, 2025 (Last 10 Years)	17.07%	17.96%	13.80%	12.88%	48,421	52,213	36,475	33,606

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

Different plans shall have different expense structures.
Scheme returns shown are for direct and 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)	April 30, 2024 to April 30, 2025 (Last 1 Year)	April 29, 2022 to April 30, 2025 (Last 3 Years)	April 30, 2020 to April 30, 2025 (Last 5 Years)	April 30, 2015 to April 30, 2025 (Last 10 Years)
Total Amount Invested	14,40,000	1,20,000	3,60,000	6,00,000	12,00,000
Market value of Investment (Regular)	49,02,000	1,23,628	4,85,998	10,03,082	33,32,416
Market value of Investment (Direct)	52,10,114	1,24,089	4,92,208	10,28,136	35,08,210
(Regular) Returns (Annualised) (%)	18.98%	5.71%	20.54%	20.70%	19.40%
(Direct) Returns (Annualised) (%)	19.89%	6.45%	21.45%	21.72%	20.35%
Nifty 500 (TRI) Returns (Annualised) (%)	15.18%	-0.85%	15.65%	17.50%	15.49%
Nifty 50 (TRI) Returns (Annualised) (%)	14.05%	4.65%	14.08%	15.56%	14.48%

3 Years Rolling Return	Average	Maximum	Minimum	Std. Deviation
Parag Parikh Flexi Cap Fund - Reg - Growth	18.08%	36.29%	0.07%	5.83%
Parag Parikh Flexi Cap Fund - Direct - Growth	18.97%	37.64%	0.74%	6.01%
Tier I Benchmark Index - Nifty 500 TRI	14.71%	33.50%	-6.31%	5.87%
5 Years Rolling Return	Average	Maximum	Minimum	Std. Deviation
Parag Parikh Flexi Cap Fund - Reg - Growth	18.06%	32.75%	3.44%	4.92%
Parag Parikh Flexi Cap Fund - Direct - Growth	18.95%	33.93%	4.09%	5.06%
Tier I Benchmark Index - Nifty 500 TRI	14.03%	28.87%	-1.05%	4.60%
10 Years Rolling Return	Average	Maximum	Minimum	Std. Deviation
Parag Parikh Flexi Cap Fund - Reg - Growth	18.56%	20.60%	16.35%	0.92%
Parag Parikh Flexi Cap Fund - Direct - Growth	19.44%	21.48%	17.23%	0.92%
Tier I Benchmark Index - Nifty 500 TRI	14.98%	17.02%	11.71%	1.19%
- 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 Apr 30, 2025.

Scheme	Units	AUM (in Rs.)
Parag Parikh Flexi Cap Fund - Direct Plan	15,56,287.82	13,60,38,073.82

We have our Skin in the Game
The combined holding of 'Insiders' in Parag Parikh Flexi Cap Fund amounts to ₹ 504.30 Crores of AUM as at Apr 30, 2025.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 - APRIL 2025

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 Apr 30, 2025	₹ 5,084.67 Crores
Average AUM for the Month	₹ 4,925.15 Crores

Net Asset Value (NAV) as on Apr 30, 2025
Regular Plan	30.5390
Direct Plan	32.7426

Entry Load	Not Applicable
Exit Load	NIL

Beta	0.65
Standard Deviation	10.46%
Sharpe Ratio	1.10
Portfolio Turnover	16.42%
- Above figures are annualised. - Risk free rate assumed to be 6.00% (FBIL Overnight MIBOR as on Apr 30, 2025)

Core Equity
Name	Industry	% of Net Assets
HDFC Bank Limited	Banks	8.24%
Bajaj Holdings & Investment Limited	Finance	7.98%
Power Grid Corporation of India Limited	Power	6.39%
Coal India Limited	Consumable Fuels	5.84%
Maharashtra Scooters Limited	Finance	5.66%
ICICI Bank Limited	Banks	5.03%
ITC Limited	Diversified FMCG	4.97%
Kotak Mahindra Bank Limited	Banks	4.44%
HCL Technologies Limited	IT - Software	4.06%
Infosys Limited	IT - Software	3.96%
Maruti Suzuki India Limited	Automobiles	3.84%
Mahindra & Mahindra Limited	Automobiles	3.50%
Axis Bank Limited	Banks	3.20%
Wipro Limited	IT - Software	2.34%
Tata Consultancy Services Limited	IT - Software	2.31%
Balkrishna Industries Limited	Auto Components	1.30%
Zydus Lifesciences Limited	Pharmaceuticals & Biotechnology	1.30%
Cipla Limited	Pharmaceuticals & Biotechnology	1.28%
Dr. Reddy's Laboratories Limited	Pharmaceuticals & Biotechnology	1.25%
CMS Info System Limited	Commercial Services & Supplies	0.62%
Motilal Oswal Financial Services Limited	Capital Markets	0.55%
EID Parry India Limited	Food Products	0.40%
Multi Commodity Exchange of India Limited	Capital Markets	0.38%
Narayana Hrudayalaya Limited	Healthcare Services	0.36%
Indian Energy Exchange Limited	Capital Markets	0.33%
IPCA Laboratories Limited	Pharmaceuticals & Biotechnology	0.29%
Central Depository Services (India) Limited	Capital Markets	0.27%
Swaraj Engines Limited	Industrial Products	0.25%
CCL Products (India) Limited	Agricultural Food & other Products	0.21%
VST Industries Limited	Cigarettes & Tobacco Products	0.14%
ICRA Limited	Capital Markets	0.06%
Total		80.75%
Debt and Money Market Instruments
Certificate of Deposit	Rating
Axis Bank Limited (15/07/2025)	CRISIL A1+	0.97%
Union Bank of India (26/11/2025)	ICRA A1+	0.95%
Bank of Baroda (13/01/2026)	IND A1+	0.94%
Kotak Mahindra Bank Limited (15/01/2026)	CRISIL A1+	0.94%
HDFC Bank Limited (24/03/2026)	CRISIL A1+	0.93%
Punjab National Bank (10/07/2025)	CRISIL A1+	0.49%
Kotak Mahindra Bank Limited (24/07/2025)	CRISIL A1+	0.48%
ICICI Bank Limited (25/07/2025)	ICRA A1+	0.48%
Indian Bank (20/08/2025)	CRISIL A1+	0.48%
Canara Bank (02/09/2025)	CRISIL A1+	0.48%
Canara Bank (03/09/2025)	CRISIL A1+	0.48%
ICICI Bank Limited (14/11/2025)	ICRA A1+	0.47%
Indian Bank (04/12/2025)	CRISIL A1+	0.47%
Punjab National Bank (08/01/2026)	CRISIL A1+	0.47%
National Bank For Agriculture and Rural Development (20/01/2026)	CRISIL A1+	0.47%
National Bank For Agriculture and Rural Development (22/01/2026)	CRISIL A1+	0.47%
HDFC Bank Limited (06/02/2026)	CRISIL A1+	0.47%
National Bank For Agriculture and Rural Development (17/02/2026)	ICRA A1+	0.47%
Sub total		10.91%
Treasury Bill
364 Days Tbill (MD 21/11/2025)	Sovereign	0.10%
TREPS Including Cash & Cash Equivalent and Net Current Asset	Debt and Money Market Instruments	8.24%
Sub total		8.34%
Total		19.25%
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)*	21.34%	22.81%	17.59%	15.55%	30,539	32,743	25,484	23,033
April 30, 2024 to April 30, 2025 (Last 1 Year)	12.91%	14.15%	5.95%	9.01%	11,291	11,415	10,595	10,901
April 29, 2022 to April 30, 2025 (Last 3 Years)	18.31%	19.71%	15.33%	13.78%	16,577	17,172	15,351	14,742
April 30, 2020 to April 30, 2025 (Last 5 Years)	26.93%	28.47%	23.63%	21.16%	32,967	35,013	28,897	26,127

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

Different plans shall have different expense structures.
Scheme returns shown are for direct and 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)	April 30, 2024 to April 30, 2025 (Last 1 Year)	April 29, 2022 to April 30, 2025 (Last 3 Years)	April 30, 2020 to April 30, 2025 (Last 5 Years)
Total Amount Invested	7,00,000	1,20,000	3,60,000	6,00,000
Market value of Investment	12,87,809	1,23,902	4,70,832	9,86,380
Market value of Investment (Direct)	13,43,755	1,24,637	4,79,858	10,21,851
(Regular) Returns (Annualised) (%)	20.85%	6.15%	18.27%	20.01%
(Direct) Returns (Annualised) (%)	22.33%	7.32%	19.63%	21.46%
Nifty 500 (TRI) Returns (Annualised) (%)	18.00%	-0.85%	15.65%	17.50%
Nifty 50 (TRI) Returns (Annualised) (%)	16.00%	4.65%	14.08%	15.56%

3 Years Rolling Return	Average	Maximum	Minimum	Std. Deviation
Parag Parikh ELSS Tax Saver Fund - Regular - Growth	22.31%	35.78%	14.07%	3.93%
Parag Parikh ELSS Tax Saver Fund - Direct - Growth	23.85%	37.51%	15.42%	4.01%
Tier I Benchmark Index - Nifty 500 TRI	19.55%	33.50%	10.85%	3.99%
5 Years Rolling Return	Average	Maximum	Minimum	Std. Deviation
Parag Parikh ELSS Tax Saver Fund - Regular - Growth	24.21%	30.79%	21.52%	2.06%
Parag Parikh ELSS Tax Saver Fund - Direct - Growth	25.73%	32.36%	23.01%	2.08%
Tier I Benchmark Index - Nifty 500 TRI	20.96%	28.87%	16.89%	2.67%
- 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 Apr 30, 2025.

Scheme	Units	AUM (in Rs.)
Parag Parikh ELSS Tax Saver Fund - Direct Plan	1,89,526.69	62,05,595.90

We have our Skin in the Game
The combined holding of 'Insiders' in Parag Parikh ELSS Tax Saver Fund amounts to ₹ 65.02 Crores of AUM as at Apr 30, 2025.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 - APRIL 2025

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: 0.20%* Direct Plan: 0.10%* *Including additional expenses and GST on management fees. Total Expense ratio is as on last business day of the month
Scheme Rating	[ICRA]A1+mfs/CareA1+mfs
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 Apr. 30, 2025	₹ 3,059.11 Crores
Average AUM for the Month	₹ 2,881.47 Crores

Plan	Direct	Regular
Growth	1443.9540	1433.8066
Daily Reinvestment of Income Distribution cum capital withdrawal option	1000.5405	1000.5404
Weekly Reinvestment of Income Distribution cum capital withdrawal option	1001.3015	1001.2956
Monthly Income Distribution cum capital withdrawal option	1003.3020	1003.2965

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)
Apr 28, 2025	4.6104	4.6104	4.5386	4.5386	1,000	1,003	1,003	1007.5386	1007.6104
Apr 02, 2025	7.4737	7.4737	7.3716	7.3716	1,000	1,003	1,003	1010.3716	1010.4737
Feb 24, 2025	5.3339	5.3339	5.2561	5.2561	1,000	1,003	1,003	1008.2561	1008.3339

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.

Avg maturity of the fund (days)	44.66
Modified duration (Years)^#	0.1125
Yield to Maturity^#^$	6.35%
Macaulay Duration (Years)^#	0.1196
* 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 05/06/2025)	Sovereign	2.44%
182 Days Tbill (MD 03/07/2025)	Sovereign	2.43%
91 Days Tbill (MD 01/08/2025)	Sovereign	2.42%
91 Days Tbill (MD 01/05/2025)	Sovereign	1.63%
364 Days Tbill (MD 02/05/2025)	Sovereign	1.63%
364 Days Tbill (MD 19/06/2025)	Sovereign	1.62%
91 Days Tbill (MD 11/07/2025)	Sovereign	1.62%
91 Days Tbill (MD 17/07/2025)	Sovereign	1.61%
91 Days Tbill (MD 24/07/2025)	Sovereign	1.61%
182 Days Tbill (MD 29/05/2025)	Sovereign	1.46%
182 Days Tbill (MD 01/05/2025)	Sovereign	0.82%
182 Days Tbill (MD 12/06/2025)	Sovereign	0.81%
91 Days Tbill (MD 26/06/2025)	Sovereign	0.81%
Sub Total		20.91%
Government Securities
5.91% Kerala SDL (MD 20/05/2025)	Sovereign	3.27%
5.95% Tamilnadu SDL (MD 13/05/2025)	Sovereign	0.82%
Sub Total		4.09%
Commercial Paper
Indian Oil Corporation Limited (27/06/2025)	ICRA A1+	3.24%
NTPC Limited (30/07/2025)	ICRA A1+	3.22%
Bajaj Finance Limited (27/05/2025)	CRISIL A1+	2.44%
Bharat Petroleum Corporation Limited (10/06/2025)	CRISIL A1+	2.43%
National Bank For Agriculture and Rural Development (14/05/2025)	ICRA A1+	1.63%
National Bank For Agriculture and Rural Development (26/05/2025)	CRISIL A1+	1.63%
Export Import Bank of India (03/06/2025)	CRISIL A1+	1.62%
Hindustan Petroleum Corporation Limited (10/06/2025)	CRISIL A1+	1.62%
Hindustan Petroleum Corporation Limited (25/06/2025)	CRISIL A1+	1.62%
Small Industries Dev Bank of India (02/07/2025)	CRISIL A1+	1.62%
National Bank For Agriculture and Rural Development (09/07/2025)	ICRA A1+	1.61%
National Bank For Agriculture and Rural Development (10/06/2025)	ICRA A1+	0.81%
National Bank For Agriculture and Rural Development (11/07/2025)	ICRA A1+	0.81%
Sub Total		24.30%
Certificate of Deposit
Union Bank of India (07/05/2025)	IND A1+	4.08%
Bank of Baroda (09/07/2025)	IND A1+	4.04%
Canara Bank (15/05/2025)	CRISIL A1+	3.26%
Punjab National Bank (15/05/2025)	CRISIL A1+	3.26%
HDFC Bank Limited (27/05/2025)	CRISIL A1+	2.44%
Axis Bank Limited (15/07/2025)	CRISIL A1+	2.42%
Indian Bank (19/05/2025)	CRISIL A1+	1.63%
Axis Bank Limited (05/06/2025)	CRISIL A1+	1.62%
Bank of Baroda (06/06/2025)	IND A1+	1.62%
Kotak Mahindra Bank Limited (11/06/2025)	CRISIL A1+	1.62%
HDFC Bank Limited (11/06/2025)	CRISIL A1+	1.62%
Punjab National Bank (10/07/2025)	CRISIL A1+	1.61%
HDFC Bank Limited (11/07/2025)	CARE A1+	1.61%
Punjab National Bank (24/07/2025)	CRISIL A1+	1.61%
ICICI Bank Limited (25/07/2025)	ICRA A1+	1.61%
Kotak Mahindra Bank Limited (02/05/2025)	CRISIL A1+	0.82%
Canara Bank (08/05/2025)	CRISIL A1+	0.82%
Kotak Mahindra Bank Limited (09/05/2025)	CRISIL A1+	0.82%
HDFC Bank Limited (09/05/2025)	CARE A1+	0.82%
Kotak Mahindra Bank Limited (15/05/2025)	CRISIL A1+	0.82%
Axis Bank Limited (16/05/2025)	CRISIL A1+	0.82%
Canara Bank (28/05/2025)	CRISIL A1+	0.81%
Kotak Mahindra Bank Limited (06/06/2025)	CRISIL A1+	0.81%
Axis Bank Limited (06/06/2025)	CRISIL A1+	0.81%
Indian Bank (09/06/2025)	CRISIL A1+	0.81%
Bank of Baroda (11/06/2025)	IND A1+	0.81%
Indian Bank (16/06/2025)	CRISIL A1+	0.81%
Punjab National Bank (16/06/2025)	CRISIL A1+	0.81%
HDFC Bank Limited (17/06/2025)	CRISIL A1+	0.81%
Union Bank of India (17/06/2025)	ICRA A1+	0.81%
National Bank For Agriculture and Rural Development (24/06/2025)	CRISIL A1+	0.81%
ICICI Bank Limited (27/06/2025)	ICRA A1+	0.81%
Axis Bank Limited (16/07/2025)	CRISIL A1+	0.81%
Kotak Mahindra Bank Limited (24/07/2025)	CRISIL A1+	0.81%
Bank of Baroda (25/07/2025)	IND A1+	0.81%
Sub Total		50.31%
Corporate Debt Market Development Fund A2
Corporate Debt Market Development Fund - Class A2 Units		0.20%
TREPS and Other Receivables and Payables
TREPS Including Cash & Cash Equivalent and Net Current Asset		0.19%
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	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)*	5.30%	5.41%	5.83%	6.14%	14,338	14,440	14,847	15,152
April 23, 2025 to April 30, 2025 (Last 7 Days)	5.53%	5.63%	5.74%	7.88%	10,553	10,563	10,574	10,788
April 15, 2025 to April 30, 2025 (Last 15 Days)	5.70%	5.80%	5.90%	8.16%	10,570	10,580	10,590	10,816
March 31, 2025 to April 30, 2025 (Last 1 Month)	6.65%	6.76%	6.95%	11.83%	10,665	10,676	10,695	11,183
January 31, 2025 to April 30, 2025 (Last 3 Month)	6.86%	6.96%	7.17%	8.71%	10,167	10,170	10,175	10,212
October 31, 2024 to April 30, 2025 (Last 6 Month)	6.79%	6.90%	7.09%	7.86%	10,337	10,342	10,352	10,390
April 30, 2024 to April 30, 2025 (Last 1 Year)	6.90%	7.01%	7.21%	7.86%	10,690	10,701	10,721	10,786
April 29, 2022 to April 30, 2025 (Last 3 Years)	6.40%	6.51%	6.84%	6.64%	12,051	12,087	12,200	12,133
April 30, 2020 to April 30, 2025 (Last 5 Years)	5.09%	5.19%	5.54%	5.45%	12,819	12,883	13,093	13,043

*Since inception returns are calculated on Rs. 1000 (allotment price)
Note:

Different plans shall have different expense structures.
Scheme returns shown are for direct and 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 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 Apr 30, 2025.

Scheme	Units	AUM (in Rs.)
Parag Parikh Liquid Fund Direct Plan Growth	2,950.36	42,60,874.66

We have our Skin in the Game
The combined holding of 'Insiders' in Parag Parikh Liquid Fund amounts to ₹ 63.94 Crores of AUM as at Apr 30, 2025. 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 - April 2025

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]