Parag Parikh Conservative Hybrid Fund

An open-ended hybrid scheme investing predominantly in debt instruments

Factsheet - AUGUST 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	May 26, 2021
Name of the Fund Managers	Mr. Rajeev Thakkar - Chief Investment Officer - Equity and Director (Since Inception) Mr. Raunak Onkar - Fund Manager & Research Head (Since Inception) Mr. Raj Mehta - Executive Vice President & Fund Manager - Equity (Since September 1, 2025) Mr. Rukun Tarachandani - Executive Vice President & Fund Manager - Equity (Since May 16, 2022) Mr. Tejas Soman - Chief Investment Officer - Debt (Since September 1, 2025) Ms. Mansi Kariya - Associate Vice President & 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 Aug. 31, 2025	₹ 2,954.69 Crores
Average AUM for the Month	₹ 2,944.64 Crores

Net Asset Value (NAV) as on Aug. 31, 2025
Regular Plan	15.0022
Direct Plan	15.1945
Regular Plan - Monthly IDCW	10.7544
Direct Plan - Monthly IDCW	10.9515

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)*	4.53
*Modified Duration (Years)^#**	3.5830
*Yield to Maturity^{^#$}**	6.88%
*Macaulay duration (Years)^#**	3.7363
*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; the Yield to Maturity (YTM) percentage presented are based on actual values and not indicative. # 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
ITC Limited	Diversified FMCG	2.07%
Power Grid Corporation of India Limited	Power	1.99%
Petronet LNG Limited	Gas	1.99%
Coal India Limited	Consumable Fuels	1.97%
REC Limited	Finance	1.00%
Swaraj Engines Limited	Industrial Products	0.84%
Sub total		9.86%
Arbitrage and Special Situations
Name	Industry	% of Net Assets
^@Kotak Mahindra Bank Limited	Banks	0.32%
^@UltraTech Cement Limited	Cement & Cement Products	1.05%
^@Reliance Industries Limited	Petroleum Products	0.94%
^@Tata Motors Limited	Automobiles	0.25%
^@Axis Bank Limited	Banks	0.24%
^@ICICI Bank Limited	Banks	0.20%
^@Punjab National Bank	Banks	0.11%
^@Bank of Baroda	Banks	0.07%
^@GMR Airports Limited	Transport Infrastructure	0.04%
^@HDFC Bank Limited	Banks	0.04%
^@Steel Authority of India Limited	Ferrous Metals	0.03%
^@Tata Consultancy Services Limited	IT - Software	0.02%
^@Jio Financial Services Limited	Finance	$0.00%
Sub total		3.31%
Total		13.17%
Units issued by REITs & InvITs
Listed / awaiting listing on the stock exchanges
Name	Industry	% of Net Assets
Embassy Office Parks REIT	Realty	4.29%
Brookfield India Real Estate Trust	Realty	4.20%
Mindspace Business Parks REIT	Realty	0.71%
Sub total		9.20%
Debt and Money Market Instruments
Name	Rating	% of Net Assets
Certificate of Deposit
Canara Bank (05/12/2025)	CRISIL A1+	0.17%
Punjab National Bank (08/01/2026)	CRISIL A1+	0.17%
Kotak Mahindra Bank Limited (15/01/2026)	CRISIL A1+	0.17%
Sub total		0.51%
Corporate Bond
6.64% Power Finance Corporation Ltd NCD (MD15/07/30)	CRISIL AAA	2.00%
7.40 % National Bank for Agriculture and Rural Development NCD (MD 29/04/2030)	CRISIL AAA	1.72%
7.3763% Bajaj Finance Ltd NCD (MD 26/06/2028)	CRISIL AAA	1.70%
6.89% Indian Railway Finance Corporation Ltd NCD (MD 19/07/2031)	CRISIL AAA	1.68%
7.58% REC Ltd NCD Ser 234B (MD 31/05/2029)	ICRA AAA	1.38%
7.64% National Bank For Agriculture and Rural Development NCD (MD 06/12/2029)	ICRA AAA	0.87%
7.75% LIC Housing Finance Ltd NCD (MD23/08/29)	CRISIL AAA	0.86%
8.12% Bajaj Finance Ltd NCD (MD 10/09/27)	CRISIL AAA	0.86%
7.47% Small Industries Development Bank of India NCD (MD 05/09/2029)	CRISIL AAA	0.86%
7.49% Small Industries Development Bank of India NCD (MD 11/06/2029)	CRISIL AAA	0.86%
7.51% Small Industries Development Bank of India NCD (MD 12/06/2028)	CRISIL AAA	0.86%
7.74% LIC Housing Finance Ltd NCD (MD 22/10/2027)	CRISIL AAA	0.86%
7.34% Small Industries Development Bank of India NCD (MD 26/02/2029)	CRISIL AAA	0.86%
7.38% Bajaj Finance Ltd NCD (MD 28/06/2030)	CRISIL AAA	0.85%
7.07% LIC Housing Finance Ltd NCD (MD 29/04/2030)	CRISIL AAA	0.84%
6.66% National Bank For Agriculture and Rural Development NCD (MD 12/10/2028)	ICRA AAA	0.84%
7.74% LIC Housing Finance Ltd NCD (MD 11/02/2028)	CRISIL AAA	0.69%
7.34% REC Ltd Sr 240 B (MD 30/04/2030)	CRISIL AAA	0.52%
7.42% Power Finance Corporation Ltd NCD (MD 15/04/28)	CRISIL AAA	0.51%
7.07% IndiGRID Infra Trust (20/06/2030)	CRISIL AAA	0.51%
8.37% REC Ltd NCD Ser 169 (MD 07/12/2028)	CRISIL AAA	0.35%
8.30% REC Ltd GOI Fully NCD (MD25/03/29)	CRISIL AAA	0.18%
7.95% LIC Housing Finance Ltd NCD (29/01/28)P27/08	CRISIL AAA	0.17%
7.87% IndiGRID Infra Trust (MD 24/02/2027)	CRISIL AAA	0.17%
7.7% IndiGRID Infra Trust (MD 06/05/2028)	CRISIL AAA	0.17%
Sub total		21.17%
Government securities/State Development Loans (SDLs)
7.33% Maharashtra SDL (MD 31/05/2031)	Sovereign	1.72%
7.14% Karnataka SDL (MD 12/01/2032)	Sovereign	1.70%
7.76% Maharashtra SDL (MD 04/10/2030)	Sovereign	1.58%
7.39% Tamilnadu SDL (MD 12/06/2032)	Sovereign	1.55%
8.43% Uttar Pradesh SDL (MD 06/03/2029)	Sovereign	1.42%
7.7% Maharashtra SDL (MD 19/10/2030)	Sovereign	1.41%
7.82% Tamilnadu SDL (MD 27/10/2032)	Sovereign	1.23%
7.78% Maharashtra SDL (MD 27/10/2030)	Sovereign	1.06%
7.7% Andhra Pradesh SDL (MD 22/02/2030)	Sovereign	1.05%
7.72% Maharashtra SDL (MD 23/03/2032)	Sovereign	1.05%
Other Government Securities	Sovereign	34.31%
Sub total		48.08%
Treasury Bills
364 Days Tbill (MD 21/11/2025)	Sovereign	0.17%
364 Days Tbill (MD 30/07/2026)	Sovereign	0.16%
Sub total		0.33%
Mutual Fund Units
Parag Parikh Liquid Fund- Direct Plan- Growth		1.10%
Sub total		1.10%
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		6.19%
Sub total		6.19%
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)
Aug 25, 2025	0.0480	0.0480	0.0727	0.0727	10.0000	10.7877	10.9850	10.8603	11.033
July 28, 2025	0.0445	0.0445	0.0662	0.0662	10.0000	10.9362	11.1075	11.0024	11.152
June 30, 2025	0.0710	0.0710	0.0764	0.0764	10.0000	10.9418	11.0880	11.0181	11.159

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)*	9.98%	10.31%	7.29%	5.25%	15,002	15,195	13,501	12,436
August 30, 2024 to August 29, 2025 (Last 1 Year)	5.68%	5.99%	5.38%	7.77%	10,566	10,598	10,537	10,774
August 30, 2022 to August 29, 2025 (Last 3 Years)	10.81%	11.14%	8.49%	7.82%	13,606	13,728	12,771	12,534

Source: Scheme Performance - Internal Benchmark Performance - CRISIL
*Since inception returns are calculated on Rs. 10 (allotment price)
^^ Point-to-point returns for a ₹10,000 lump sum investment made on the specified initial date and redeemed on the specified final date reflect growth based on prevailing NAVs of the Direct and Regular Plan – Growth Options
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	11.08%	19.36%	3.88%	4.17%
Parag Parikh Conservative Hybrid Fund - Dir - Growth	11.41%	19.72%	4.19%	4.18%
CRISIL Hybrid 85+15 Conservative Index	7.91%	13.91%	-0.31%	3.75%
3 Years Rolling Return	Average	Maximum	Minimum	Std. Deviation
Parag Parikh Conservative Hybrid Fund - Reg - Growth	11.39%	12.68%	10.37%	0.53%
Parag Parikh Conservative Hybrid Fund - Dir - Growth	11.72%	13.02%	10.70%	0.54%
CRISIL Hybrid 85+15 Conservative Index	8.26%	10.58%	6.86%	1.05%
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)	August 30, 2024 to August 29, 2025 (Last 1 Year)	August 30, 2022 to August 29, 2025 (Last 3 Years)
Total Amount Invested	5,20,000	1,20,000	3,60,000
Market value of Investment	6,51,607	1,23,483	4,20,989
Market value of Investment (Direct)	6,56,219	1,23,682	4,23,038
(Regular) Returns (Annualised) (%)	10.41%	5.50%	10.47%
(Direct) Returns (Annualised) (%)	10.74%	5.82%	10.81%
Nifty 500 (TRI) Returns (Annualised) (%)	7.99%	4.95%	8.38%
Nifty 50 (TRI) Returns (Annualised) (%)	7.19%	5.61%	8.10%

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 Aug. 31, 2025.

Scheme	Units	AUM (in Rs.)
Parag Parikh Conservative Hybrid Fund - Direct Plan Growth	3,05,736.42	46,50,709.62

We have our Skin in the Game
The combined holding of 'Insiders' in Parag Parikh Conservative Hybrid Fund amounts to ₹ 10.06 Crores
of AUM as at Aug. 31, 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 - AUGUST 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 - Chief Investment Officer - Equity and Director (Since Inception) Mr. Raunak Onkar - Fund Manager & Research Head (Since Inception) Mr. Raj Mehta -Executive Vice President & Fund Manager - Equity (Since September 1, 2025) Mr. Rukun Tarachandani - Executive Vice President & Fund Manager - Equity (Since Inception) Mr. Tejas Soman -Chief Investment Officer - Debt (Since September 1, 2025) Ms. Aishwarya Dhar - Senior Manager & Fund Manager- Debt (Since September 1, 2025)
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 (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 Aug. 31, 2025	₹ 1,850.39 Crores
Average AUM for the Month	₹ 1,838.56 Crores

Net Asset Value (NAV) as on Aug. 31, 2025
Regular Plan	11.3150
Direct Plan	11.3875

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)*	171.94
Modified Duration (Years)*	0.4408
*Yield to Maturity^{^$}**	6.04%
Macaulay duration (Years)*	0.4684
*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; the Yield to Maturity (YTM) percentage presented are based on actual values and not indicative. $ Applicable for both regular and direct plan

Hedge Equity / Arbitrage*
Name	Industry	% of Net Assets
Reliance Industries Limited	Petroleum Products	3.74%
HDFC Bank Limited	Banks	3.65%
Axis Bank Limited	Banks	3.24%
ICICI Bank Limited	Banks	3.02%
State Bank of India	Banks	2.74%
IDFC First Bank Limited	Banks	2.48%
Mahindra & Mahindra Limited	Automobiles	2.22%
Bharti Airtel Limited	Telecom - Services	2.17%
NMDC Limited	Minerals & Mining	2.10%
Hindustan Aeronautics Limited	Aerospace & Defense	1.89%
Other Equity		39.33%
Total		66.58%
Debt and Money Market Instruments
Name	Rating	% of Net Assets
Certificate of Deposit
Bank of Baroda (25/05/2026)	IND A1+	2.58%
Union Bank of India (25/06/2026)	ICRA A1+	2.57%
Small Industries Development Bank of India (09/07/2026)	CARE A1+	2.56%
Axis Bank Limited (11/08/2026)	CRISIL A1+	2.55%
HDFC Bank Limited (18/12/2025)	CARE A1+	1.33%
Indian Bank (19/01/2026)	CRISIL A1+	1.32%
HDFC Bank Limited (24/06/2026)	CRISIL A1+	1.29%
National Bank For Agriculture and Rural Development (05/02/2026)	CRISIL A1+	0.79%
Sub total		14.99%
Commercial Paper
Name	Rating	% of Net Assets
REC Limited (10/06/2026)	CRISIL A1+	1.29%
National Bank For Agriculture and Rural Development (25/06/2026)	CRISIL A1+	1.28%
Bajaj Finance Limited (18/06/2026)	CRISIL A1+	1.28%
Sub total		3.85%
Treasury Bill
Name	Rating	% of Net Assets
364 Days Tbill (MD 29/01/2026)	Sovereign	0.53%
Sub total		0.53%
Mutual Fund Units
Parag Parikh Liquid Fund- Direct Plan- Growth		13.05%
Sub total		13.05%
TREPS and Other Receivables and Payables
TREPS Including Cash & Cash Equivalent and Net Current Asset		1.00%
Sub total		1.00%
Net Assets		100.00%

*Outstanding Derivative exposure - 66.85%

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)*	7.01%	7.38%	7.58%	7.31%	11,315	11,388	11,425	11,373
August 30, 2024 to August 29, 2025 (Last 1 Year)	6.63%	7.00%	7.65%	7.06%	10,661	10,698	10,763	10,704

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)	August 30, 2024 to August 29, 2025 (Last 1 Year)
Total Amount Invested	2,20,000	1,20,000
Market value of Investment (Regular)	2,34,165	1,24,038
Market value of Investment (Direct)	2,34,962	1,24,272
(Regular) Returns (Annualised) (%)	6.72%	6.39%
(Direct) Returns (Annualised) (%)	7.10%	6.76%
Nifty 50 Arbitrage (TRI) Returns (Annualised) (%)	7.44%	7.46%
CRISIL 1 Year T-Bill Index Returns (Annualised) (%)	7.11%	6.70%

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 Aug. 31, 2025.

Scheme	Units	AUM (in Rs.)
Parag Parikh Arbitrage Fund - Direct Plan Growth	70,410.95	8,01,881.71

We have our Skin in the Game
The combined holding of 'Insiders' in Parag Parikh Arbitrage Fund amounts to ₹ 85.77 Crores of AUM as at Aug. 31, 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 - AUGUST 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 - Chief Investment Equity and Director (Since Inception) Mr. Raunak Onkar - Fund Manager & Research Head (Since Inception) Mr. Raj Mehta - Executive Vice President Fund Manager - Equity (Since September) Mr. Rukun Tarachandani - Executive Vice & Fund Manager - Equity (Since Inception) Mr. Tejas Soman - Chief Investment Officer (Since September 1, 2025) Ms. Mansi Kariya - Associate Vice President 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 Aug. 31, 2025	₹ 2,510.44 Crores
Average AUM for the Month	₹ 2,465.88 Crores

Net Asset Value (NAV) as on Aug. 29, 2025
Regular Plan	11.2786
Direct Plan	11.3303
Regular Plan - Monthly IDCW:	10.1836
Direct Plan - Monthly IDCW:	10.3725

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)*	4.50
*Modified Duration (Years)^#**	3.5482
*Yield to Maturity^{^#$}**	6.85%
*Macaulay duration (Years)^#**	3.6997
*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; the Yield to Maturity (YTM) percentage presented are based on actual values and not indicative. # All the above ratios are computed excluding investment in CDMDF units $ Applicable for both regular and direct plan

Equity and Equity Related Instruments
Listed / awaiting listing on the stock exchanges
Name	Industry	% of Net Assets
ITC Limited	Diversified FMCG	2.58%
Petronet LNG Limited	Gas	2.48%
Power Grid Corporation of India Limited	Power	2.48%
Coal India Limited	Consumable Fuels	2.48%
Nesco Limited	Commercial Services & Supplies	1.27%
Swaraj Engines Limited	Industrial Products	1.14%
REC Limited	Finance	1.00%
NIRLON LIMITED	Commercial Services & Supplies	0.13%
VST Industries Limited	Cigarettes & Tobacco Products	0.04%
Sub total		13.60%
Arbitrage
^@Reliance Industries Limited	Petroleum Products	3.50%
^@Bajaj Finance Limited	Finance	1.95%
^@Axis Bank Limited	Banks	1.95%
^@Kotak Mahindra Bank Limited	Banks	1.73%
^@UltraTech Cement Limited	Cement & Cement Products	1.39%
^@HDFC Bank Limited	Banks	1.20%
^@Tata Motors Limited	Automobiles	1.14%
^@Eternal Limited	Retailing	1.02%
^@ICICI Bank Limited	Banks	0.77%
^@DLF Limited	Realty	0.72%
^@Others		7.34%
Sub total		22.71%
Total		36.31%
Debt and Money Market Instruments
Corporate Bond/NCD
6.64% Power Finance Corporation NCD (MD15/07/30)	CRISIL AAA	1.57%
7.48% National Bank For Agriculture and Rural Development NCD (MD 15/09/2028)	CRISIL AAA	1.42%
7.42% Power Finance Corporation NCD (MD 15/04/28)	CRISIL AAA	1.41%
7.95% LIC Housing Finance Ltd NCD (29/01/28)	CRISIL AAA	1.02%
7.49% Small Industries Development Bank of India NCD (MD 11/06/2029)	CRISIL AAA	1.01%
7.51% Small Industries Development Bank of India NCD (MD 12/06/2028)	CRISIL AAA	1.01%
7.74% LIC Housing Finance Ltd NCD (MD 11/02/2028)	CRISIL AAA	1.01%
7.40 % National Bank For Agriculture and Rural Development NCD (MD 29/04/2030)	CRISIL AAA	1.01%
7.57% LIC Housing Finance Ltd NCD (MD 18/10/2029)	CRISIL AAA	1.01%
7.34% Small Industries Development Bank of India NCD (MD 26/02/2029)	CRISIL AAA	1.01%
7.3763% Bajaj Finance Ltd NCD (MD 26/06/2028)	CRISIL AAA	1.00%
7.2337% Bajaj Finance Ltd NCD (MD 28/06/2027)	CRISIL AAA	1.00%
7.38% Bajaj Finance Ltd NCD (MD 28/06/2030)	CRISIL AAA	1.00%
6.89% Indian Railway Finance Corporation Ltd NCD (MD 19/07/2031)	CRISIL AAA	0.99%
7.64% National Bank For Agriculture and Rural Development NCD (MD 06/12/2029)	ICRA AAA	0.41%
7.58% REC Ltd NCD Ser 234B (MD 31/05/2029)	ICRA AAA	0.41%
7.34% REC Ltd Sr 240 B (MD 30/04/2030)	CRISIL AAA	0.40%
7.07% IndiGRID Infra Trust (20/06/2030)	CRISIL AAA	0.40%
8.37% REC Ltd NCD Ser 169 (MD 07/12/2028)	CRISIL AAA	0.21%
7.95% REC Ltd NCD (MD 12/03/2027)	CRISIL AAA	0.20%
7.87% IndiGRID Infra Trust (MD 24/02/2027)	CRISIL AAA	0.20%
6.07% National Bank For Agriculture and Rural Development NCD (MD 19/11/2027)	ICRA AAA	0.20%
Sub total		17.90%
Government securities/State Development Loans (SDLs)
7.17% Tamilnadu SDL (MD 27/02/2033)	Sovereign	1.79%
7.39% Tamilnadu SDL (MD 12/06/2032)	Sovereign	1.62%
7.67% Tamilnadu SDL (MD 13/12/2030)	Sovereign	1.03%
7.7% Maharashtra SDL (MD 08/03/2031)	Sovereign	1.03%
7.33% Maharashtra SDL (MD 31/05/2031)	Sovereign	1.01%
6.98% Tamilnadu SDL (MD 14/07/2031)	Sovereign	1.00%
Other Government Securities	Sovereign	29.01%
Sub total		36.49%
Treasury Bills
364 Days Tbill (MD 29/01/2026)	Sovereign	0.39%
364 Days Tbill (MD 21/11/2025)	Sovereign	0.20%
364 Days Tbill (MD 30/07/2026)	Sovereign	0.19%
Sub total		0.78%
Mutual Fund Units
Parag Parikh Liquid Fund- Direct Plan- Growth		3.87%
Sub total		3.87%
TREPS and Other Receivables and Payables
TREPS Including Cash & Cash Equivalent and Net Current Asset		4.65%
Sub total		4.65%
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)*	8.33%	8.66%	8.02%	8.04%	11,279	11,330	11,231	11,234
August 30, 2024 to August 29, 2025 (Last 1 Year)	4.33%	4.65%	1.46%	-2.01%	10,431	10,463	10,146	9,799

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)
Aug 25, 2025	0.0662	0.0662	0.0815	0.0815	10.000	10.2224	10.4117	10.3039	10.4779
Jul 28, 2025	0.0074	0.0074	0.0200	0.0200	10.000	10.3384	10.5106	10.3583	10.5180
Jun 30, 2025	NIL	NIL	NIL	NIL	10.000	10.3124	10.4689	10.3124	10.4689

SIP Investment Performance (Assumption : 10,000/- is invested on the first of every month)
Date	Since Inception (27 Feb, 2024)	August 30, 2024 to August 29, 2025 (Last 1 Year)
Total Amount Invested	1,90,000	1,20,000
Market value of Investment (Regular Plan)	2,00,012	1,23,022
Market value of Investment (Direct Plan)	2,00,526	1,23,226
(Regular Plan) Returns (Annualised) (%)	6.40%	4.77%
(Direct Plan) Returns (Annualised) (%)	6.73%	5.09%
CRISIL Hybrid 50+50 - Moderate Index (Annualised) (%)	5.28%	3.67%
Nifty 50 TRI (Annualised) (%)	4.78%	3.29%

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 Aug. 31, 2025.

Scheme	Units	AUM (in Rs.)
Parag Parikh Dynamic Asset Allocation Fund - Direct Plan Growth	82,252.40	9,33,778.41

We have our Skin in the Game
The combined holding of 'Insiders' in Parag Parikh Dynamic Asset Allocation Fund amounts to ₹ 22.34 Crores of AUM as at Aug. 31, 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 - AUGUST 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. 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 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 - Chief Investment Officer Equity and Director (Since Inception) Mr. Raunak Onkar - Fund Manager & Research Head (Since Inception) Mr. Raj Mehta - Executive Vice President & Fund Manager - Equity (Since September 1, 2025) Mr. Rukun Tarachandani - Executive Vice President & Fund Manager - Equity (Since May 16, 2022) Mr. Tejas Soman - Chief Investment Officer - Debt (Since September 1, 2025) Ms. Mansi Kariya - Associate Vice President & Fund Manager- Debt (Since December 22, 2023) Ms. Aishwarya Dhar - Senior Manager & Fund Manager- Debt (Since September 1, 2025)
Month End Expense Ratio	Regular Plan: 1.28%* Direct Plan: 0.63%* *Including additional expenses and GST on management fees. Total Expense ratio is as on last business day of the month
Tier 1 Benchmark Index	NIFTY 500 (TRI)
Additional Benchmark	NIFTY 50 (TRI)
Minimum Application / Additional Purchase Amount	New Purchase: ₹ 1,000 Additional Purchase: ₹ 1,000
Minimum SIP Investment Amount	Monthly SIP: ₹ 1,000, Quarterly SIP: ₹ 3,000

Assets Under Management (AUM) as on Aug. 31, 2025	₹ 1,15,040.08 Crores
Average AUM for the Month	₹ 1,14,569.14 Crores

Net Asset Value (NAV) as on Aug. 29, 2025
Regular Plan:	83.5088
Direct Plan:	91.0737

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	0.59
Standard Deviation	8.90%
Sharpe Ratio	1.50
Portfolio Turnover (excl Equity Arbitrage)	16.02%
Portfolio Turnover (incl Equity Arbitrage)	37.38%
- Above figures are annualised. - Risk free rate assumed to be 5.54% (FBIL Overnight MIBOR as on Aug. 31, 2025)

Portfolio Disclosure
Core Equity
Name	Industry	% of Net Assets
HDFC Bank Limited	Banks	7.93%
Bajaj Holdings & Investment Limited	Finance	5.90%
Power Grid Corporation of India Limited	Power	5.89%
Coal India Limited	Consumable Fuels	5.28%
ICICI Bank Limited	Banks	4.95%
ITC Limited	Diversified FMCG	4.61%
Kotak Mahindra Bank Limited	Banks	3.99%
Maruti Suzuki India Limited	Automobiles	3.53%
Bharti Airtel Limited	Telecom - Services	3.48%
Mahindra & Mahindra Limited	Automobiles	3.43%
Axis Bank Limited	Banks	2.97%
HCL Technologies Limited	IT - Software	2.37%
Dr. Reddy's Laboratories Limited	Pharmaceuticals & Biotechnology	1.27%
Zydus Lifesciences Limited	Pharmaceuticals & Biotechnology	1.26%
Cipla Limited	Pharmaceuticals & Biotechnology	1.24%
Infosys Limited	IT - Software	1.19%
Indian Energy Exchange Limited	Capital Markets	0.89%
Balkrishna Industries Limited	Auto Components	0.83%
Zydus Wellness Limited	Food Products	0.77%
Multi Commodity Exchange of India Limited	Capital Markets	0.51%
EID Parry India Limited	Food Products	0.43%
Narayana Hrudayalaya Limited	Healthcare Services	0.30%
Central Depository Services (India)	Capital Markets	0.28%
ICRA Limited	Capital Markets	0.16%
Maharashtra Scooters Limited	Finance	0.11%
IPCA Laboratories Limited	Pharmaceuticals & Biotechnology	0.03%
Nesco Limited	Commercial Services & Supplies	0.02%
Swaraj Engines Limited	Industrial Products	0.02%
Sub Total		63.64%
Arbitrage and Special Situations
^@Reliance Industries Limited	Petroleum Products	0.74%
^@Bajaj Finance Limited	Finance	0.19%
^@Tata Consultancy Services Limited	IT - Software	0.15%
^@Jio Financial Services Limited	Finance	0.14%
^@Larsen & Toubro Limited	Construction	0.09%
^@Others		0.62%
Sub total		1.93%
Total		65.57%
Overseas Securities, IDRS and ADRs
Meta Platforms Registered Shares A	Computer Software	3.35%
Alphabet Inc A	Computer Software	3.08%
Microsoft Corp	Computer Software	2.85%
Amazon Com Inc	Catalog/Specialty Distribution	2.42%
Total		11.70%
Debt and Money Market Instruments
Embassy Office Parks REIT	Realty	0.46%
Brookfield India Real Estate Trust	Realty	0.09%
Mindspace Business Parks REIT	Realty	0.03%
Total		0.58%
Debt and Money Market Instruments
Certificate of Deposit	Rating
ICICI Bank Limited (14/11/2025)	ICRA A1+	0.52%
Punjab National Bank (05/12/2025)	CRISIL A1+	0.51%
National Bank For Agriculture and Rural Development (22/01/2026)	CRISIL A1+	0.40%
Small Industries Development Bank of India (05/05/2026)	CRISIL A1+	0.40%
HDFC Bank Limited (24/06/2026)	CRISIL A1+	0.33%
Union Bank of India (25/06/2026)	ICRA A1+	0.33%
Canara Bank (02/09/2025)	CRISIL A1+	0.26%
Kotak Mahindra Bank Limited (11/12/2025)	CRISIL A1+	0.26%
Canara Bank (12/12/2025)	CRISIL A1+	0.26%
Indian Bank (06/03/2026)	CRISIL A1+	0.25%
Axis Bank Limited (11/06/2026)	CRISIL A1+	0.25%
Indian Bank (28/07/2026)	CRISIL A1+	0.25%
Bank of Baroda (09/01/2026)	IND A1+	0.21%
Bank of Baroda (13/01/2026)	IND A1+	0.21%
Bank of Baroda (25/05/2026)	IND A1+	0.21%
Axis Bank Limited (11/08/2026)	CRISIL A1+	0.20%
Bank of Baroda (12/09/2025)	IND A1+	0.20%
National Bank For Agriculture and Rural Development (20/01/2026)	CRISIL A1+	0.19%
HDFC Bank Limited (19/05/2026)	CRISIL A1+	0.19%
Bank of Baroda (23/07/2026)	IND A1+	0.19%
Union Bank of India (26/11/2025)	ICRA A1+	0.17%
Kotak Mahindra Bank Limited (04/12/2025)	CRISIL A1+	0.17%
Punjab National Bank (08/01/2026)	CRISIL A1+	0.17%
Union Bank of India (16/01/2026)	ICRA A1+	0.17%
Canara Bank (04/03/2026)	CRISIL A1+	0.17%
Punjab National Bank (18/03/2026)	CRISIL A1+	0.17%
Indian Bank (06/05/2026)	CRISIL A1+	0.17%
HDFC Bank Limited (24/03/2026)	CRISIL A1+	0.15%
Axis Bank Limited (25/06/2026)	CRISIL A1+	0.14%
Small Industries Development Bank of India (13/01/2026)	CARE A1+	0.13%
Small Industries Development Bank of India (09/07/2026)	CARE A1+	0.12%
Union Bank of India (18/12/2025)	IND A1+	0.11%
HDFC Bank Limited (10/10/2025)	CARE A1+	0.09%
HDFC Bank Limited (31/10/2025)	CRISIL A1+	0.09%
Kotak Mahindra Bank Limited (26/11/2025)	CRISIL A1+	0.09%
Canara Bank (04/12/2025)	CRISIL A1+	0.09%
Union Bank of India (05/12/2025)	ICRA A1+	0.09%
Axis Bank Limited (08/01/2026)	CRISIL A1+	0.09%
Union Bank of India (10/01/2026)	IND A1+	0.09%
Kotak Mahindra Bank Limited (15/01/2026)	CRISIL A1+	0.09%
Punjab National Bank (16/01/2026)	CARE A1+	0.08%
Indian Bank (19/01/2026)	CRISIL A1+	0.08%
Canara Bank (30/01/2026)	CRISIL A1+	0.08%
Canara Bank (03/02/2026)	CRISIL A1+	0.08%
Kotak Mahindra Bank Limited (13/03/2026)	CRISIL A1+	0.08%
Axis Bank Limited (12/06/2026)	CRISIL A1+	0.08%
Axis Bank Limited (04/02/2026)	CRISIL A1+	0.06%
Indian Bank (06/11/2025)	CRISIL A1+	0.04%
Indian Bank (04/12/2025)	CRISIL A1+	0.04%
Indian Bank (08/01/2026)	CRISIL A1+	0.04%
Union Bank of India (29/01/2026)	IND A1+	0.04%
Sub total		8.88%
Commercial Paper
National Bank For Agriculture and Rural Development (25/06/2026)	CRISIL A1+	0.37%
Bajaj Finance Limited (18/06/2026)	CRISIL A1+	0.25%
Bajaj Finance Limited (06/05/2026)	CRISIL A1+	0.17%
Bajaj Finance Limited (26/05/2026)	CRISIL A1+	0.17%
Bajaj Finance Limited (07/05/2026)	CRISIL A1+	0.08%
Sub total		1.04%
Mutual Fund Units
Parag Parikh Liquid Fund- Direct Plan- Growth		0.44%
Sub total		0.44%
T-Bill	Rating
364 Days Tbill (MD 04/12/2025)	Sovereign	0.26%
364 Days Tbill (MD 29/01/2026)	Sovereign	0.17%
364 Days Tbill (MD 21/11/2025)	Sovereign	0.09%
364 Days Tbill (MD 30/07/2026)	Sovereign	0.09%
364 Days Tbill (MD 16/04/2026)	Sovereign	0.08%
364 Days Tbill (MD 27/11/2025)	Sovereign	0.04%
TREPS Including Cash & Cash Equivalent and Net Current Asset	Cash & Cash Equivalent	11.06%
Sub total		11.79%
Total		22.15%
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)*	18.88%	19.72%	14.92%	13.56%	83,509	91,074	55,117	47,625
August 30, 2024 to August 29, 2025 (Last 1 Year)	5.34%	6.06%	-4.42%	-2.01%	10,533	10,604	9,559	9,799
August 30, 2022 to August 29, 2025 (Last 3 Years)	20.16%	21.06%	14.67%	12.49%	17,350	17,744	15,080	14,236
August 31, 2020 to August 29, 2025 (Last 5 Years)	21.94%	22.99%	20.36%	17.92%	26,943	28,124	25,248	22,786
August 31, 2015 to August 29, 2025 (Last 10 Years)	17.67%	18.56%	14.18%	13.23%	50,896	54,906	37,663	34,668

Source: Scheme Performance - Internal Benchmark Performance - CRISIL
*Since inception returns are calculated on Rs. 10 (allotment price)
^^Point-to-point returns for a ₹10,000 lump sum investment made on the specified initial date and redeemed on the specified final date reflect growth based on prevailing NAVs of the Direct and Regular Plan – Growth Options
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)	August 30, 2024 to August 29, 2025 (Last 1 Year)	August 30, 2022 to August 29, 2025 (Last 3 Years)	August 31, 2020 to August 29, 2025 (Last 5 Years)	August 31, 2015 to August 29, 2025 (Last 10 Years)
Total Amount Invested	14,80,000	1,20,000	3,60,000	6,00,000	12,00,000
Market value of Investment (Regular)	51,36,663	1,24,183	4,73,209	9,54,734	33,06,380
Market value of Investment (Direct)	54,68,643	1,24,625	4,79,002	9,77,229	34,81,149
(Regular) Returns (Annualised) (%)	18.71%	6.62%	18.66%	18.68%	19.26%
(Direct) Returns (Annualised) (%)	19.62%	7.32%	19.53%	19.63%	20.22%
Nifty 500 (TRI) Returns (Annualised) (%)	14.87%	1.97%	13.53%	15.19%	15.26%
Nifty 50 (TRI) Returns (Annualised) (%)	13.58%	3.41%	11.53%	13.05%	14.03%

3 Years Rolling Return	Average	Maximum	Minimum	Std. Deviation
Parag Parikh Flexi Cap Fund - Reg - Growth	18.23%	36.29%	0.07%	5.78%
Parag Parikh Flexi Cap Fund - Direct - Growth	19.12%	37.64%	0.74%	5.95%
Tier I Benchmark Index - Nifty 500 TRI	14.85%	33.50%	-6.31%	5.82%
5 Years Rolling Return	Average	Maximum	Minimum	Std. Deviation
Parag Parikh Flexi Cap Fund - Reg - Growth	18.40%	32.75%	3.44%	5.06%
Parag Parikh Flexi Cap Fund - Direct - Growth	19.30%	33.93%	4.09%	5.20%
Tier I Benchmark Index - Nifty 500 TRI	14.46%	28.87%	-1.05%	4.91%
10 Years Rolling Return	Average	Maximum	Minimum	Std. Deviation
Parag Parikh Flexi Cap Fund - Reg - Growth	18.39%	20.60%	16.35%	0.94%
Parag Parikh Flexi Cap Fund - Direct - Growth	19.27%	21.48%	17.23%	0.94%
Tier I Benchmark Index - Nifty 500 TRI	14.84%	17.02%	11.71%	1.16%
- 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 Aug. 31, 2025.

Scheme	Units	AUM (in Rs.)
Parag Parikh Flexi Cap Fund - Direct Plan	15,42,092.49	14,11,33,382.39

We have our Skin in the Game
The combined holding of 'Insiders' in Parag Parikh Flexi Cap Fund amounts to ₹ 532.79 Crores of AUM as at Aug. 31, 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 -AUGUST 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 - Chief Investment Officer Equity and Director (Since Inception) Mr. Raunak Onkar - Fund Manager & Research Head (Since Inception) Mr. Raj Mehta - Executive Vice President & Fund Manager - Equity (Since September 1, 2025) Mr. Rukun Tarachandani - Executive Vice President & Fund Manager - Equity (Since May 16, 2022) Mr. Tejas Soman - Chief Investment Officer - Debt (Since September 1, 2025) Ms. Aishwarya Dhar - Senior Manager & Fund Manager- Debt (Since September 1, 2025)
Month End Expense Ratio	Regular Plan: 1.72%* 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: ₹ 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 Aug. 31, 2025	₹ 5,524.49 Crores
Average AUM for the Month	₹ 5,539.07 Crores

Net Asset Value (NAV) as on Aug. 29, 2025
Regular Plan	31.2362
Direct Plan	33.6116

Entry Load	Not Applicable
Exit Load	NIL

Beta	0.67
Standard Deviation	9.79%
Sharpe Ratio	1.17
Portfolio Turnover	14.44%
- Above figures are annualised. - Risk free rate assumed to be 5.54% (FBIL Overnight MIBOR as on Aug. 31, 2025)

Core Equity
Name	Industry	% of Net Assets
HDFC Bank Limited	Banks	7.95%
Bajaj Holdings & Investment Limited	Finance	7.83%
Maharashtra Scooters Limited	Finance	7.21%
Power Grid Corporation of India Limited	Power	5.96%
Coal India Limited	Consumable Fuels	5.57%
ITC Limited	Diversified FMCG	5.18%
ICICI Bank Limited	Banks	4.97%
Maruti Suzuki India Limited	Automobiles	4.26%
Kotak Mahindra Bank Limited	Banks	4.01%
Mahindra & Mahindra Limited	Automobiles	3.61%
Bharti Airtel Limited	Telecom - Services	3.58%
Infosys Limited	IT - Software	3.57%
HCL Technologies Limited	IT - Software	3.47%
Axis Bank Limited	Banks	2.98%
Wipro Limited	IT - Software	2.23%
Tata Consultancy Services Limited	IT - Software	1.90%
CCL Products (India)	Agricultural Food & other Products	1.61%
Cipla Limited	Pharmaceuticals & Biotechnology	1.35%
Zydus Lifesciences Limited	Pharmaceuticals & Biotechnology	1.33%
Dr. Reddy's Laboratories Limited	Pharmaceuticals & Biotechnology	1.28%
Balkrishna Industries Limited	Auto Components	1.02%
CMS Info System Limited	Commercial Services & Supplies	0.97%
Indian Energy Exchange Limited	Capital Markets	0.85%
Zydus Wellness Limited	Food Products	0.83%
EID Parry India Limited	Food Products	0.54%
Multi Commodity Exchange of India Limited	Capital Markets	0.42%
Narayana Hrudayalaya Limited	Healthcare Services	0.33%
Central Depository Services (India)	Capital Markets	0.27%
Swaraj Engines Limited	Industrial Products	0.23%
VST Industries Limited	Cigarettes & Tobacco Products	0.12%
ICRA Limited	Capital Markets	0.07%
Nesco Limited	Commercial Services & Supplies	0.04%
IPCA Laboratories Limited	Pharmaceuticals & Biotechnology	0.03%
Total		85.57%
Debt and Money Market Instruments
Certificate of Deposit	Rating
Bank of Baroda (13/01/2026)	IND A1+	0.89%
Kotak Mahindra Bank Limited (15/01/2026)	CRISIL A1+	0.89%
Axis Bank Limited (05/02/2026)	CRISIL A1+	0.88%
HDFC Bank Limited (24/03/2026)	CRISIL A1+	0.88%
Small Industries Development Bank of India (05/05/2026)	CRISIL A1+	0.87%
Union Bank of India (25/06/2026)	ICRA A1+	0.86%
ICICI Bank Limited (14/11/2025)	ICRA A1+	0.45%
Indian Bank (04/12/2025)	CRISIL A1+	0.45%
Punjab National Bank (08/01/2026)	CRISIL A1+	0.44%
Small Industries Development Bank of India (13/01/2026)	CARE A1+	0.44%
National Bank For Agriculture and Rural Development (20/01/2026)	CRISIL A1+	0.44%
HDFC Bank Limited (06/02/2026)	CRISIL A1+	0.44%
Kotak Mahindra Bank Limited (18/02/2026)	CRISIL A1+	0.44%
National Bank For Agriculture and Rural Development (17/02/2026)	ICRA A1+	0.44%
Axis Bank Limited (11/06/2026)	CRISIL A1+	0.43%
Bank of Baroda (23/07/2026)	IND A1+	0.43%
Sub total		9.67%
Commercial Paper
Bajaj Finance Limited (18/06/2026)	CRISIL A1+	0.86%
REC Limited (10/06/2026)	CRISIL A1+	0.43%
National Bank For Agriculture and Rural Development (25/06/2026)	CRISIL A1+	0.43%
Sub total		1.72%
Treasury Bill
364 Days Tbill (MD 29/01/2026)	Sovereign	0.18%
364 Days Tbill (MD 21/11/2025)	Sovereign	0.09%
364 Days Tbill (MD 30/07/2026)	Sovereign	0.09%
Sub total		0.36%
Reverse Repo / TREPS and Other Receivables and Payables
TRP_010825	Debt and Money Market Instruments	2.68%
Sub total		2.68%
Total		14.43%
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)*	20.51%	21.97%	17.06%	14.87%	31,236	33,612	26,152	23,308
August 30, 2024 to August 29, 2025 (Last 1 Year)	2.07%	3.19%	-4.42%	-2.01%	10,206	10,318	9,559	9,799
August 30, 2022 to August 29, 2025 (Last 3 Years)	17.79%	19.14%	14.67%	12.49%	16,342	16,911	15,080	14,236
August 31, 2020 to August 29, 2025 (Last 5 Years)	21.66%	23.12%	20.36%	17.92%	26,635	28,274	25,248	22,786

Source: Scheme Performance - Internal Benchmark Performance - CRISIL
*Since inception returns are calculated on Rs. 10 (allotment price)
^^Point-to-point returns for a ₹10,000 lump sum investment made on the specified initial date and redeemed on the specified final date reflect growth based on prevailing NAVs of the Direct and Regular Plan – Growth Options
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)	August 30, 2024 to August 29, 2025 (Last 1 Year)	August 30, 2022 to August 29, 2025 (Last 3 Years)	August 31, 2020 to August 29, 2025 (Last 5 Years)
Total Amount Invested	7,40,000	1,20,000	3,60,000	6,00,000
Market value of Investment	13,56,964	1,22,557	4,52,805	9,24,038
Market value of Investment (Direct)	14,19,261	1,23,277	4,61,319	9,56,190
(Regular) Returns (Annualised) (%)	19.54%	4.03%	15.53%	17.34%
(Direct) Returns (Annualised) (%)	21.00%	5.17%	16.85%	18.74%
Nifty 500 (TRI) Returns (Annualised) (%)	17.04%	1.97%	13.53%	15.19%
Nifty 50 (TRI) Returns (Annualised) (%)	14.79%	3.41%	11.53%	13.05%

3 Years Rolling Return	Average	Maximum	Minimum	Std. Deviation
Parag Parikh ELSS Tax Saver Fund - Regular - Growth	22.21%	35.78%	14.07%	3.78%
Parag Parikh ELSS Tax Saver Fund - Direct - Growth	23.64%	37.51%	15.42%	3.86%
Tier I Benchmark Index - Nifty 500 TRI	19.47%	33.50%	10.85%	3.84%
5 Years Rolling Return	Average	Maximum	Minimum	Std. Deviation
Parag Parikh ELSS Tax Saver Fund - Regular - Growth	24.44%	30.79%	21.01%	2.12%
Parag Parikh ELSS Tax Saver Fund - Direct - Growth	25.95%	32.36%	22.46%	2.14%
Tier I Benchmark Index - Nifty 500 TRI	21.66%	28.87%	16.89%	2.66%
- 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 Aug. 31, 2025.

Scheme	Units	AUM (in Rs.)
Parag Parikh ELSS Tax Saver Fund - Direct Plan	1,91,630.99	64,89,563.54

We have our Skin in the Game
The combined holding of 'Insiders' in Parag Parikh ELSS Tax Saver Fund amounts to ₹ 67.85 Crores of AUM as at Aug. 31, 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 - AUGUST 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. Tejas Soman - Chief Investment Officer - Debt (Since September 1, 2025) Ms. Mansi Kariya - Associate Vice President & Fund Manager- Debt (Since December 22, 2023) Ms. Aishwarya Dhar - Senior Manager & Fund Manager- Debt (Since September 1, 2025)
Month End Expense Ratio	Regular Plan: 0.21%* Direct Plan: 0.11%* *Including additional expenses and GST on management fees. Total Expense ratio is as on last business day of the month
Tier 1 Benchmark Index	CRISIL Liquid Debt A-I Index
Additional Benchmark	CRISIL 1 Year T-Bill index
Minimum Application / Additional Purchase Amount	New Purchase: ₹ 5,000 Additional Purchase: ₹ 1,000
Minimum SIP Investment Amount	Monthly SIP: ₹ 1,000, Quarterly SIP: ₹ 3,000

Assets Under Management (AUM) as on August 31, 2025	₹ 4,024.38 Crores
Average AUM for the Month	₹ 3,929.83 Crores

Plan	Direct	Regular
Growth	1473.0802	1462.2365
Daily Reinvestment of Income Distribution cum capital withdrawal option	1000.5405	1000.5404
Weekly Reinvestment of Income Distribution cum capital withdrawal option	1001.8695	1001.8525
Monthly Income Distribution cum capital withdrawal option	1003.8713	1003.8544

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)
Aug 25, 2025	4.2547	4.2547	4.1777	4.1777	1,000	1,003	1,003	1007.1777	1007.2547
July 28, 2025	4.3684	4.3684	4.2910	4.2910	1,000	1,003	1,003	1007.2910	1007.3684
June 30, 2025	5.8781	5.8781	5.7815	5.7815	1,000	1,003	1,003	1008.7815	1008.8781

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)	44.69
Modified duration (Years)^#	0.1132
Yield to Maturity^#^$	5.74%
Macaulay Duration (Years)^#	0.1197
* Computed on the invested amount # All the above ratios are computed excluding investment in CDMDF units $ Applicable for both regular and direct plan; the Yield to Maturity (YTM) percentage presented are based on actual values and not indicative.

Source: Internal sources

Treasury Bills
Name	Rating	% of Net Assets
91 Days Tbill (MD 25/09/2025)	Sovereign	2.48%
182 Days Tbill (MD 23/10/2025)	Sovereign	2.47%
91 Days Tbill (MD 06/11/2025)	Sovereign	2.46%
91 Days Tbill (MD 28/11/2025)	Sovereign	2.45%
91 Days Tbill (MD 30/10/2025)	Sovereign	1.85%
91 Days Tbill (MD 11/09/2025)	Sovereign	1.24%
91 Days Tbill (MD 18/09/2025)	Sovereign	1.24%
91 Days Tbill (MD 02/10/2025)	Sovereign	1.24%
91 Days Tbill (MD 09/10/2025)	Sovereign	1.24%
182 Days Tbill (MD 16/10/2025)	Sovereign	1.23%
91 Days Tbill (MD 16/10/2025)	Sovereign	1.23%
91 Days Tbill (MD 13/11/2025)	Sovereign	1.23%
182 Days Tbill (MD 18/09/2025)	Sovereign	0.62%
Sub Total		20.98%
Non Convertible Debentures
7.59% Power Finance Corporation Limited (03/11/2025)	CRISIL AAA	1.25%
8.11% REC Limited (07/10/2025)	CRISIL AAA	1.24%
5.45% NTPC Limited (15/10/2025)	CRISIL AAA	1.24%
Sub Total		3.73%
Commercial Paper
Export Import Bank of India (24/10/2025)	CRISIL A1+	6.16%
LIC Housing Finance Limited (11/09/2025)	CRISIL A1+	2.48%
National Bank For Agriculture and Rural Development (23/10/2025)	ICRA A1+	2.46%
Small Industries Development Bank of India (24/10/2025)	CARE A1+	1.85%
National Bank For Agriculture and Rural Development (19/09/2025)	CRISIL A1+	1.24%
Indian Oil Corporation Limited (19/09/2025)	CRISIL A1+	1.24%
Indian Oil Corporation Limited (22/09/2025)	ICRA A1+	1.24%
Bajaj Finance Limited (22/09/2025)	CRISIL A1+	1.24%
Indian Oil Corporation Limited (04/11/2025)	CRISIL A1+	1.23%
Indian Oil Corporation Limited (07/11/2025)	CRISIL A1+	1.23%
Indian Oil Corporation Limited (04/09/2025)	CRISIL A1+	0.62%
Bajaj Finance Limited (19/09/2025)	CRISIL A1+	0.62%
Bajaj Finance Limited (14/10/2025)	ICRA A1+	0.62%
National Bank For Agriculture and Rural Development (20/10/2025)	CRISIL A1+	0.62%
Export Import Bank of India (10/11/2025)	CRISIL A1+	0.61%
Sub Total		23.46%
Certificate of Deposit
Small Industries Development Bank of India (09/10/2025)	CARE A1+	4.94%
Union Bank of India (23/09/2025)	ICRA A1+	3.71%
Canara Bank (03/10/2025)	CRISIL A1+	3.71%
Bank of Baroda (03/10/2025)	IND A1+	3.09%
HDFC Bank Limited (20/10/2025)	CRISIL A1+	3.08%
Bank of Baroda (03/11/2025)	IND A1+	3.08%
Kotak Mahindra Bank Limited (28/11/2025)	CRISIL A1+	3.06%
Axis Bank Limited (08/10/2025)	CRISIL A1+	2.47%
Indian Bank (16/10/2025)	CRISIL A1+	2.47%
Axis Bank Limited (17/10/2025)	CRISIL A1+	2.47%
Canara Bank (04/11/2025)	CRISIL A1+	2.46%
HDFC Bank Limited (10/10/2025)	CARE A1+	1.85%
Indian Bank (06/11/2025)	CRISIL A1+	1.84%
Union Bank of India (16/09/2025)	ICRA A1+	1.24%
HDFC Bank Limited (19/09/2025)	CARE A1+	1.24%
Indian Bank (03/10/2025)	CRISIL A1+	1.24%
Axis Bank Limited (09/10/2025)	CRISIL A1+	1.23%
Indian Bank (20/10/2025)	CRISIL A1+	1.23%
Axis Bank Limited (13/11/2025)	CRISIL A1+	1.23%
Punjab National Bank (15/09/2025)	CARE A1+	0.62%
HDFC Bank Limited (18/09/2025)	CARE A1+	0.62%
Bank of Baroda (18/09/2025)	IND A1+	0.62%
Punjab National Bank (29/09/2025)	CARE A1+	0.62%
HDFC Bank Limited (01/10/2025)	CRISIL A1+	0.62%
Bank of Baroda (13/10/2025)	IND A1+	0.62%
Small Industries Development Bank of India (07/11/2025)	CARE A1+	0.61%
Canara Bank (19/11/2025)	CRISIL A1+	0.61%
Sub Total		50.58%
Corporate Debt Market Development Fund A2
Corporate Debt Market Development Fund - Class A2 Units		0.25%
Reverse Repo / TREPS and Other Receivables and Payables
TRP_010825		1.00%
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)*	5.33%	5.44%	5.84%	6.11%	14,622	14,731	15,146	15,433
August 24, 2025 to August 31, 2025 (Last 7 Days)	5.24%	5.34%	5.39%	2.53%	10,010	10,010	10,010	10,005
August 16, 2025 to August 31, 2025 (Last 15 Days)	5.45%	5.55%	5.53%	2.89%	10,022	10,023	10,023	10,012
July 31, 2025 to August 31, 2025 (Last 1 Month)	5.42%	5.52%	5.58%	3.26%	10,046	10,047	10,047	10,028
May 31, 2025 to August 31, 2025 (Last 3 Months)	5.67%	5.77%	5.80%	4.32%	10,143	10,145	10,146	10,109
February 28, 2025 to August 31, 2025 (Last 6 Months)	6.28%	6.38%	6.44%	6.85%	10,316	10,322	10,324	10,345
August 31, 2024 to August 31, 2025 (Last 1 Year)	6.59%	6.70%	6.83%	7.05%	10,659	10,670	10,683	10,705
August 31, 2022 to August 31, 2025 (Last 3 Years)	6.59%	6.70%	6.98%	6.98%	12,112	12,149	12,247	12,246
August 31, 2020 to August 31, 2025 (Last 5 Years)	5.28%	5.39%	5.68%	5.59%	12,938	13,003	13,181	13,130

Source: Scheme Performance - Internal Benchmark Performance - CRISIL
*Since inception returns are calculated on Rs. 1000 (allotment price)
^^ Point-to-point returns for a ₹10,000 lump sum investment made on the specified initial date and redeemed on the specified final date reflect growth based on prevailing NAVs of the Direct and Regular Plan – Growth Options
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.

Potential Risk Class (PRC) of Parag Parikh Liquid Fund

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 August 31, 2025.

Scheme	Units	AUM (in Rs.)
Parag Parikh Liquid Fund Direct Plan Growth	2,867.66	42,24,927.31

We have our Skin in the Game
The combined holding of 'Insiders' in Parag Parikh Liquid Fund amounts to ₹ 79.90 Crores of AUM as at Aug. 31, 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 -August 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]