Digital Factsheet

Parag Parikh Conservative Hybrid Fund

An open-ended hybrid scheme investing predominantly in debt instruments

Factsheet - May 2026

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)
Base Expense Ratio (As on last business day of the month)	Regular Plan: 0.54%* Direct Plan: 0.24%* * For TER, Investors may refer to our website at https://amc.ppfas.com/statutory-disclosures/total-expense-ratio-TER/
AMFI Tier I 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

Management (AUM) as on May 31, 2026	₹ 3,344.68 Crores
Average AUM for the Month	₹ 3,348.19 Crores

Net Asset Value (NAV) as on May 29, 2026
Regular Plan	15.4938
Direct Plan	15.7286
Regular Plan - Monthly IDCW	10.5789
Direct Plan - Monthly IDCW	10.8179

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)*	4.86
*Modified Duration (Years)^#**	3.8410
*Yield to Maturity^{^#$}**	7.60%
*Macaulay duration (Years)^#**	4.0037
*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
Coal India Limited	Consumable Fuels	2.31%
Power Grid Corporation of India Limited	Power	2.08%
ITC Limited	Diversified FMCG	1.91%
Petronet LNG Limited	Gas	1.90%
REC Limited	Finance	0.95%
Swaraj Engines Limited	Industrial Products	0.71%
Indus Towers Limited	Telecom - Services	0.08%
Sub total		9.94%
^@Arbitrage and Special Situations		0.80%
Total		10.74%
Units issued by REITs & InvITs
Name	Industry	% of Net Assets
Embassy Office Parks REIT	Realty	5.08%
Brookfield India Real Estate Trust	Realty	4.96%
Mindspace Business Parks REIT	Realty	0.68%
Sub total		10.72%
Debt and Money Market Instruments
Name	Rating	% of Net Assets
Corporate Bond
7.49% Small Industries Development Bank of India NCD (MD 11/06/2029)	CRISIL AAA	2.22%
7.64% National Bank For Agriculture and Rural Development NCD (MD 06/12/2029)	ICRA AAA	1.49%
7.3763% Bajaj Finance NCD (MD 26/06/2028)	CRISIL AAA	1.47%
7.40 % National Bank For Agriculture and Rural Development NCD (MD 29/04/2030)	CRISIL AAA	1.47%
8.12% Bajaj Finance Ltd NCD (MD 10/09/27)	CRISIL AAA	0.75%
7.75% LIC Housing Finance Ltd NCD (MD23/08/29)	CRISIL AAA	0.74%
7.39% Small Industries Development Bank of India NCD (MD 21/03/2030)	CRISIL AAA	0.74%
7.60% Bajaj Finance Ltd NCD (MD 11/02/2030)	CRISIL AAA	0.73%
7.38% Bajaj Finance Ltd NCD (MD 28/06/2030)	CRISIL AAA	0.73%
7.03% National Bk Fin Infra tranch I NCD (MD8/4/30)	CRISIL AAA	0.73%
7.07% LIC Housing Finance NCD (MD 29/04/2030)	CRISIL AAA	0.73%
6.86% National Bk Fin Infra (MD 13/11/2030)	CRISIL AAA	0.72%
7.07% IndiGrid Inf NCD (20/06/2030)	CRISIL AAA	0.44%
7.87% IndiGRID Infra Trust (MD 24/02/2027)	CRISIL AAA	0.15%
7.7% IndiGRID Infra Trust (MD 06/05/2028)	CRISIL AAA	0.15%
Sub total		13.26%
Government securities/State Development Loans (SDLs)
7.08% Uttar Pradesh SDL (MD 17/02/2031)	Sovereign	4.41%
7.08% Karnataka SDL (MD 12/08/2031)	Sovereign	4.11%
7.72% Maharashtra SDL (MD 01/03/2031)	Sovereign	3.77%
7.38% Karnataka SDL (MD 04/09/2034)	Sovereign	2.79%
7.82% Tamilnadu SDL (MD 27/10/2032)	Sovereign	2.57%
7.93% Uttar Pradesh SDL (MD 24/03/2030)	Sovereign	2.28%
7.76% Maharashtra SDL (MD 04/10/2030)	Sovereign	2.27%
7.55% Gujarat SDL (MD 28/12/2030)	Sovereign	1.71%
6.78% Maharashtra SDL (MD 25/05/2031)	Sovereign	1.60%
7.61% Gujarat SDL (MD 03/08/2032)	Sovereign	1.50%
Other Government Securities	Sovereign	33.23%
Sub total		60.24%
Treasury Bills
364 Days Tbill (MD 30/07/2026)	Sovereign	0.15%
Sub total		0.15%
Mutual Fund Units
Parag Parikh Liquid Fund- Direct Plan- Growth		1.17%
Sub total		1.17%
Corporate Debt Market Development Fund A2
Corporate Debt Market Development Fund - Class A2 Units		0.27%
Sub total		0.27%
Reverse Repo / TREPS and Other Receivables and Payables
Reverse Repo / TREPS and Other Receivables and Payables	Debt and Money Market Instruments	3.45%
Sub total		3.45%
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)
25th May 2026	0.0532	0.0532	0.0421	0.0421	10.0000	10.5936	10.8326	10.6357	10.8858
27th Apr 2026	0.0544	0.0544	0.0335	0.0335	10.0000	10.6732	10.9213	10.7067	10.9757
30th Mar 2026	0.0858	0.0858	0.0972	0.0972	10.0000	10.5491	10.8114	10.6463	10.8972

Note: Pursuant to the payout of Dividend/Income Distribution cum Capital Withdrawal (IDCW), the Net Asset Value (NAV) of the scheme will fall to the extent of the payout and statutory levy, if any.

Lumpsum Investment Performance (Compounded annual returns)
Date	Scheme		AMFI 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)*	9.13%	9.46%	6.69%	4.67%	15,494	15,729	13,836	12,569
May 30, 2025 to May 29, 2026 (Last 1 Year)	2.99%	3.30%	1.78%	-0.03%	10,298	10,329	10,178	9,997
May 31, 2023 to May 29, 2026 (Last 3 Years)	9.96%	10.29%	7.44%	5.99%	13,293	13,413	12,401	11,906
May 31, 2021 to May 29, 2026 (Last 5 Years)	9.15%	9.47%	6.70%	4.72%	15,485	15,719	13,827	12,593

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	10.28%	19.36%	2.81%	4.18%
Parag Parikh Conservative Hybrid Fund - Dir - Growth	10.60%	19.72%	3.13%	4.19%
CRISIL Hybrid 85+15 Conservative Index	7.54%	13.91%	-0.31%	3.56%
3 Years Rolling Return	Average	Maximum	Minimum	Std. Deviation
Parag Parikh Conservative Hybrid Fund - Reg - Growth	11.31%	12.68%	9.91%	0.55%
Parag Parikh Conservative Hybrid Fund - Dir - Growth	11.64%	13.02%	10.24%	0.55%
CRISIL Hybrid 85+15 Conservative Index	8.42%	10.58%	6.86%	0.92%
Returns are calculated since inception with daily rolling frequency for 1 year and 3 years period. (PPCHF).

SIP Investment Performance (Assumption : 10,000/- is invested on the first of every month)
Date	Since Inception (26 May, 2021)	May 30, 2025 to May 29, 2026 (Last 1 Year)	May 31, 2023 to May 29, 2026 (Last 3 Years)	May 31, 2021 to May 29, 2026 (Last 5 Years)
Total Amount Invested	6,10,000	1,20,000	3,60,000	6,00,000
Market value of Investment	7,63,637	1,21,509	4,00,895	7,48,143
Market value of Investment (Direct)	7,70,080	1,21,711	4,02,855	7,54,351
(Regular) Returns (Annualised) (%)	8.80%	2.38%	7.15%	8.79%
(Direct) Returns (Annualised) (%)	9.13%	2.70%	7.48%	9.12%
CRISIL Hybrid 85+15 - Conservative Index Returns (Annualised) (%)	6.74%	1.61%	5.77%	6.74%
Crisil 10 year Gilt Index Returns (Annualised) (%)	5.65%	0.22%	5.06%	5.68%

Total number of units held in Parag Parikh Conservative Hybrid Fund as per SEBI vide its Master Circular For Mutual Funds dated March 20, 2026 (Alignment of interest of Designated Employees of Asset Management Companies (AMCs) with the Unitholders of the Mutual Fund Schemes) as at May 31, 2026.

Scheme	Units	AUM (in Rs.)
Parag Parikh Conservative Hybrid Fund - Direct Plan Growth	2,54,527.19	40,07,835.61

We have our Skin in the Game
The combined holding of 'Insiders' in Parag Parikh Conservative Hybrid Fund amounts to ₹ 11.28 Crores
of AUM as at May 31, 2026. 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 - May 2026

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)
Base Expense Ratio (As on last business day of the month)	Regular Plan: 0.53%* Direct Plan: 0.19%* * For TER, Investors may refer to our website at https://amc.ppfas.com/statutory-disclosures/total-expense-ratio-TER/
AMFI Tier I 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 May 31, 2026	₹ 2,510.12 Crores
Average AUM for the Month	₹ 2,448.39 Crores

Net Asset Value (NAV) as on May 29, 2026
Regular Plan	11.7738
Direct Plan	11.8808

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)*	92.38
Modified Duration (Years)*	0.2330
*Yield to Maturity^{^$}**	6.91%
Macaulay duration (Years)*	0.2505
*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
ICICI Bank Limited	Banks	5.73%
HDFC Bank Limited	Banks	5.56%
Axis Bank Limited	Banks	4.97%
Reliance Industries Limited	Petroleum Products	4.74%
Bharti Airtel Limited	Telecom - Services	4.43%
Kotak Mahindra Bank Limited	Banks	3.90%
Bharat Heavy Electricals Limited	Electrical Equipment	3.28%
Mahindra & Mahindra Limited	Automobiles	2.76%
Tata Steel Limited	Ferrous Metals	2.38%
State Bank of India	Banks	2.07%
Other Equity		27.28%
Total		67.10%
Debt and Money Market Instruments
Name	Rating	% of Net Assets
Certificate of Deposit
Small Industries Development Bank of India (09/07/2026)	CARE A1+	1.98%
Axis Bank Limited (11/08/2026)	CRISIL A1+	1.96%
Canara Bank (08/01/2027)	CRISIL A1+	1.90%
Indian Bank (12/01/2027)	CRISIL A1+	1.90%
National Bank For Agriculture and Rural Development (27/01/2027)	CRISIL A1+	1.89%
Small Industries Development Bank of India (26/02/2027)	CRISIL A1+	1.88%
HDFC Bank Limited (11/09/2026)	CRISIL A1+	0.98%
Bank of Baroda (25/11/2026)	IND A1+	0.96%
Sub total		13.45%
Commercial Paper
Name	Rating	% of Net Assets
ICICI Securities Limited (15/06/2026)	CRISIL A1+	0.99%
Bajaj Finance Limited (18/06/2026)	CRISIL A1+	0.99%
Sub total		1.98%
Treasury Bill
364 Days Tbill (MD 15/01/2027)	Sovereign	0.38%
Sub total		0.38%
Mutual Fund Units
Parag Parikh Liquid Fund- Direct Plan- Growth		15.25%
Sub total		15.25%
TREPS and Other Receivables and Payables
Reverse Repo / TREPS and Other Receivables and Payables	Debt and Money Market Instruments	1.84%
Sub total		1.84%
Net Assets		100.00%

*Outstanding Derivative exposure -67.67%

Source: Internal sources

Lumpsum Investment Performance (Compounded annual returns)
Date	Scheme		AMFI Tier I 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)*	6.55%	6.93%	7.30%	6.29%	11,774	11,881	11,988	11,698
May 30, 2025 to May 29, 2026 (Last 1 Year)	5.60%	5.98%	6.65%	3.97%	10,559	10,596	10,663	10,396

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)
	Since Inception (02 Nov, 2023)	May 30, 2025 to May 29, 2026 (Last 1 Year)
Total Amount Invested	3,10,000	1,20,000
Market value of Investment (Regular)	3,35,526	1,23,356
Market value of Investment (Direct)	3,37,142	1,23,593
(Regular) Returns (Annualised) (%)	6.09%	5.31%
(Direct) Returns (Annualised) (%)	6.46%	5.69%
Nifty 50 Arbitrage (TRI) Returns (Annualised) (%)	6.99%	6.21%
CRISIL 1 Year T-Bill Index Returns (Annualised) (%)	5.48%	3.57%

Total number of units held in Parag Parikh Arbitrage Fund as per SEBI vide its Master Circular For Mutual Funds dated March 20, 2026 (Alignment of interest of Designated Employees of Asset Management Companies (AMCs) with the Unitholders of the Mutual Fund Schemes) as at May 31, 2026.

Scheme	Units	AUM (in Rs.)
Parag Parikh Arbitrage Fund - Direct Plan Growth	1,03,062.30	12,27,914.89

We have our Skin in the Game
The combined holding of 'Insiders' in Parag Parikh Arbitrage Fund amounts to ₹ 393.08 Crores of AUM as at May 31, 2026For 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 - May 2026

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)
Base Expense Ratio (As on last business day of the month )	Regular Plan: 1.05%* Direct Plan: 0.53%* * For TER, Investors may refer to our website at https://amc.ppfas.com/statutory-disclosures/total-expense-ratio-TER/
AMFI Tier I Benchmark Index	NIFTY 500 (TRI)
Additional Benchmark	NIFTY 50 (TRI)
Minimum Application / Additional Purchase Amount	New Purchase: ₹ 1,000 Additional Purchase: ₹ 1,000
Minimum SIP Investment Amount	Monthly SIP: ₹ 1,000, Quarterly SIP: ₹ 3,000

Assets Under Management (AUM) as on May 31, 2026	₹ 1,41,446.73 Crores
Average AUM for the Month	₹ 1,41,756.89 Crores

Net Asset Value (NAV) as on May 29, 2026
Regular Plan - Growth:	82.1884
Direct Plan - Growth:	90.0589
Regular Plan - Monthly IDCW:	82.1882
Direct Plan - Monthly IDCW:	90.0588

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	0.60
Standard Deviation	9.90%
Sharpe Ratio	0.89
Portfolio Turnover (excl Equity Arbitrage)	17.17%
Portfolio Turnover (incl Equity Arbitrage)	41.55%
- Above figures are annualised. - Risk free rate assumed to be 5.52% (FBIL Overnight MIBOR as on May 31, 2026)

Core Equity
Name	Industry	% of Net Assets
HDFC Bank Limited	Banks	7.88%
Power Grid Corporation of India Limited	Power	6.41%
ITC Limited	Diversified FMCG	5.84%
Coal India Limited	Consumable Fuels	5.66%
ICICI Bank Limited	Banks	5.11%
Bajaj Holdings & Investment Limited	Finance	4.48%
Kotak Mahindra Bank Limited	Banks	4.12%
HCL Technologies Limited	IT - Software	3.60%
Mahindra & Mahindra Limited	Automobiles	3.45%
Infosys Limited	IT - Software	3.06%
Axis Bank Limited	Banks	3.02%
Maruti Suzuki India Limited	Automobiles	2.82%
Bharti Airtel Limited	Telecom - Services	2.74%
Tata Consultancy Services Limited	IT - Software	2.54%
Zydus Lifesciences Limited	Pharmaceuticals & Biotechnology	1.47%
Cipla Limited	Pharmaceuticals & Biotechnology	1.39%
Dr. Reddy's Laboratories Limited	Pharmaceuticals & Biotechnology	1.32%
Indraprastha Gas Limited	Gas	1.00%
Zydus Wellness Limited	Food Products	0.79%
Indian Energy Exchange Limited	Capital Markets	0.75%
EID Parry India Limited	Food Products	0.44%
Narayana Hrudayalaya Limited	Healthcare Services	0.27%
The Great Eastern Shipping Company Limited	Transport Services	0.22%
Central Depository Services (India) Limited	Capital Markets	0.20%
CMS Info System Limited	Commercial Services & Supplies	0.16%
ICRA Limited	Capital Markets	0.11%
Maharashtra Scooters Limited	Finance	0.08%
Mahanagar Gas Limited	Gas	0.07%
Indus Towers Limited	Telecom - Services	0.03%
CIE Automotive India Limited	Auto Components	0.01%
Swaraj Engines Limited	Industrial Products	0.01%
Nesco Limited	Commercial Services & Supplies	0.01%
Sub Total		69.06%
^@Arbitrage and Special Situations		0.74%
Total		69.80%
Overseas Securities, IDRS and ADRs
Alphabet Inc A	Computer Software	4.83%
Amazon Com Inc	Catalog/Specialty Distribution	2.51%
Meta Platforms Registered Shares A	Computer Software	2.51%
Microsoft Corp	Computer Software	2.22%
Total		12.07%
Units issued by REITs & InvITs
Embassy Office Parks REIT	Realty	2.52%
Brookfield India Real Estate Trust	Realty	1.55%
Mindspace Business Parks REIT	Realty	0.03%
Total		4.10%
Debt and Money Market Instruments
Certificate of Deposit	Rating
Kotak Mahindra Bank Limited (24/09/2026)	CRISIL A1+	0.47%
Axis Bank Limited (11/08/2026)	CRISIL A1+	0.44%
Canara Bank (12/06/2026)	CRISIL A1+	0.42%
HDFC Bank Limited (10/09/2026)	CRISIL A1+	0.35%
National Bank For Agriculture and Rural Development (18/09/2026)	CRISIL A1+	0.35%
Kotak Mahindra Bank Limited (18/12/2026)	CRISIL A1+	0.34%
Union Bank of India (25/06/2026)	ICRA A1+	0.33%
Canara Bank (18/12/2026)	CRISIL A1+	0.31%
HDFC Bank Limited (24/06/2026)	CRISIL A1+	0.28%
Canara Bank (11/11/2026)	CRISIL A1+	0.27%
Union Bank of India (12/06/2026)	ICRA A1+	0.25%
Bank of Baroda (23/07/2026)	IND A1+	0.23%
Indian Bank (28/07/2026)	CRISIL A1+	0.21%
Small Industries Development Bank of India (24/09/2026)	CRISIL A1+	0.21%
Small Industries Development Bank of India (13/10/2026)	CRISIL A1+	0.21%
Indian Bank (30/10/2026)	CRISIL A1+	0.21%
Indian Bank (22/01/2027)	CRISIL A1+	0.20%
Indian Bank (12/06/2026)	CRISIL A1+	0.19%
Bank of Baroda (16/10/2026)	IND A1+	0.17%
National Bank For Agriculture and Rural Development (19/01/2027)	ICRA A1+	0.17%
Punjab National Bank (05/02/2027)	CRISIL A1+	0.17%
National Bank For Agriculture and Rural Development (14/01/2027)	CRISIL A1+	0.15%
HDFC Bank Limited (12/06/2026)	CARE A1+	0.14%
Punjab National Bank (15/12/2026)	CRISIL A1+	0.14%
Bank of Baroda (15/12/2026)	IND A1+	0.14%
Kotak Mahindra Bank Limited (08/01/2027)	CRISIL A1+	0.14%
ICICI Bank Limited (27/01/2027)	ICRA A1+	0.13%
Axis Bank Limited (25/06/2026)	CRISIL A1+	0.12%
Bank of Baroda (25/11/2026)	IND A1+	0.12%
Small Industries Development Bank of India (16/12/2026)	CARE A1+	0.12%
Indian Bank (03/06/2026)	CRISIL A1+	0.11%
Indian Bank (05/06/2026)	CRISIL A1+	0.11%
Small Industries Development Bank of India (09/07/2026)	CARE A1+	0.11%
National Bank For Agriculture and Rural Development (22/01/2027)	ICRA A1+	0.10%
National Bank For Agriculture and Rural Development (28/01/2027)	CRISIL A1+	0.10%
Axis Bank Limited (11/06/2026)	CRISIL A1+	0.09%
Bank of Baroda (16/09/2026)	IND A1+	0.09%
Canara Bank (15/06/2026)	CRISIL A1+	0.07%
Axis Bank Limited (10/08/2026)	CRISIL A1+	0.07%
HDFC Bank Limited (21/09/2026)	CRISIL A1+	0.07%
HDFC Bank Limited (13/11/2026)	CRISIL A1+	0.07%
Small Industries Development Bank of India (10/11/2026)	CARE A1+	0.07%
HDFC Bank Limited (22/01/2027)	CRISIL A1+	0.07%
Bank of Baroda (04/06/2026)	CARE A1+	0.04%
Axis Bank Limited (27/11/2026)	CRISIL A1+	0.03%
Sub total		8.18%
Commercial Paper
National Bank For Agriculture and Rural Development (25/06/2026)	CRISIL A1+	0.32%
Export Import Bank of India (21/08/2026)	CRISIL A1+	0.28%
ICICI Securities Limited (15/06/2026)	CRISIL A1+	0.09%
Small Industries Development Bank of India (05/06/2026)	CRISIL A1+	0.07%
Kotak Securities Limited (04/06/2026)	CRISIL A1+	0.04%
Bajaj Finance Limited (18/06/2026)	CRISIL A1+	0.04%
ICICI Securities Limited (04/06/2026)	CRISIL A1+	$0.00%
Sub total		0.84%
Mutual Fund Units
Parag Parikh Liquid Fund- Direct Plan- Growth		0.46%
Treasury Bill	Rating
364 Days Tbill (MD 15/10/2026)	Sovereign	0.24%
364 Days Tbill (MD 15/01/2027)	Sovereign	0.14%
364 Days Tbill (MD 30/07/2026)	Sovereign	0.08%
TREPS Including Cash & Cash Equivalent and Net Current Asset	Debt and Money Market Instruments	4.09%
Sub total		4.45%
Total		14.03%
Net Assets		100.00%

^@ Hedged by offsetting derivative position

Lumpsum Investment Performance (Compounded annual returns)
Date	Scheme	Scheme	AMFI 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)*	17.56%	18.39%	14.12%	12.46%	82,188	90,059	55,829	46,125
May 30, 2025 to May 29, 2026 (Last 1 Year)	-0.33%	0.31%	0.28%	-3.85%	9,967	10,031	10,028	9,616
May 31, 2023 to May 29, 2026 (Last 3 Years)	14.79%	15.59%	13.92%	9.54%	15,121	15,438	14,778	13,140
May 31, 2021 to May 29, 2026 (Last 5 Years)	14.53%	15.46%	12.49%	9.88%	19,702	20,507	18,007	16,012
May 31, 2016 to May 29, 2026 (Last 10 Years)	16.94%	17.84%	14.03%	12.54%	47,813	51,612	37,165	32,593

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)	May 30, 2025 to May 29, 2026 (Last 1 Year)	May 31, 2023 to May 29, 2026 (Last 3 Years)	May 31, 2021 to May 29, 2026 (Last 5 Years)	May 31, 2016 to May 29, 2026 (Last 10 Years)
Total Amount Invested	15,70,000	1,20,000	3,60,000	6,00,000	12,00,000
Market value of Investment (Regular)	51,43,129	1,17,102	4,02,074	8,13,967	28,97,665
Market value of Investment (Direct)	54,95,614	1,17,492	4,06,528	8,31,190	30,49,749
(Regular) Returns (Annualised) (%)	16.78%	-4.52%	7.35%	12.19%	16.82%
(Direct) Returns (Annualised) (%)	17.68%	-3.91%	8.10%	13.04%	17.77%
Nifty 500 (TRI) Returns (Annualised) (%)	13.64%	-1.78%	6.30%	10.51%	13.60%
Nifty 50 (TRI) Returns (Annualised) (%)	11.85%	-9.28%	2.82%	7.26%	11.62%

3 Years Rolling Return	Average	Maximum	Minimum	Std. Deviation
Parag Parikh Flexi Cap Fund - Reg - Growth	18.35%	36.29%	0.07%	5.60%
Parag Parikh Flexi Cap Fund - Direct - Growth	19.23%	37.64%	0.74%	5.77%
AMFI Tier I Benchmark Index - Nifty 500 TRI	14.95%	33.50%	-6.31%	5.62%
5 Years Rolling Return	Average	Maximum	Minimum	Std. Deviation
Parag Parikh Flexi Cap Fund - Reg - Growth	18.46%	32.75%	3.44%	4.89%
Parag Parikh Flexi Cap Fund - Direct - Growth	19.36%	33.93%	4.09%	5.02%
AMFI Tier I Benchmark Index - Nifty 500 TRI	14.66%	28.87%	-1.05%	4.81%
10 Years Rolling Return	Average	Maximum	Minimum	Std. Deviation
Parag Parikh Flexi Cap Fund - Reg - Growth	18.22%	20.60%	16.35%	0.90%
Parag Parikh Flexi Cap Fund - Direct - Growth	19.10%	21.48%	17.23%	0.89%
AMFI Tier I Benchmark Index - Nifty 500 TRI	14.83%	17.02%	11.71%	1.04%
- 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 March 20, 2026 (Alignment of interest of Designated Employees of Asset Management Companies (AMCs) with the Unitholders of the Mutual Fund Schemes) as at May 31, 2026.

Scheme	Units	AUM (in Rs.)
Parag Parikh Flexi Cap Fund - Direct Plan	14,13,621.26	12,67,70,020.71

We have our Skin in the Game
The combined holding of 'Insiders' in Parag Parikh Flexi Cap Fund amounts to ₹ 588.05 Crores of AUM as at May 31, 2026.For more details please visit the 'Scheme' section of our website

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

Parag Parikh ELSS Tax Saver Fund

Invest Now

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

Factsheet - May 2026

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)
Base Expense Ratio (As on last business day of the month)	Regular Plan: 1.54%* Direct Plan: 0.54%* * For TER, Investors may refer to our website at https://amc.ppfas.com/statutory-disclosures/total-expense-ratio-TER/
AMFI Tier I Benchmark Index	NIFTY 500 (TRI)
Additional Benchmark	NIFTY 50 (TRI)
Minimum Application / Additional Purchase Amount	New Purchase: ₹ 500 and in multiples of ₹ 500 Additional Purchase: ₹ 500 and in multiples of ₹ 500
Minimum SIP Investment Amount	Monthly SIP: ₹ 1,000, Quarterly SIP: ₹ 3,000

Assets Under Management (AUM) as on May 31, 2026	₹ 5,539.59 Crores
Average AUM for the Month	₹ 5,586.05 Crores

Net Asset Value (NAV) as on May 29, 2026
Regular Plan	28.9572
Direct Plan	31.4160

Entry Load	Not Applicable
Exit Load	NIL

Beta	0.70
Standard Deviation	11.43%
Sharpe Ratio	0.49
Portfolio Turnover	23.33%
- Above figures are annualised. - Risk free rate assumed to be 5.52% (FBIL Overnight MIBOR as on May 31, 2026)

Core Equity
Name	Industry	% of Net Assets
HDFC Bank Limited	Banks	7.76%
Power Grid Corporation of India Limited	Power	7.16%
Coal India Limited	Consumable Fuels	6.79%
Bajaj Holdings & Investment Limited	Finance	6.60%
Maharashtra Scooters Limited	Finance	5.45%
ITC Limited	Diversified FMCG	5.35%
ICICI Bank Limited	Banks	4.62%
Kotak Mahindra Bank Limited	Banks	4.22%
HCL Technologies Limited	IT - Software	4.09%
Maruti Suzuki India Limited	Automobiles	3.77%
Axis Bank Limited	Banks	3.71%
Infosys Limited	IT - Software	3.56%
Mahindra & Mahindra Limited	Automobiles	3.53%
Bharti Airtel Limited	Telecom - Services	3.46%
CMS Info System Limited	Commercial Services & Supplies	3.39%
CCL Products (India) Limited	Agricultural Food & other Products	2.67%
Tata Consultancy Services Limited	IT - Software	1.86%
Wipro Limited	IT - Software	1.82%
Zydus Lifesciences Limited	Pharmaceuticals & Biotechnology	1.58%
Dr. Reddy's Laboratories Limited	Pharmaceuticals & Biotechnology	1.43%
Cipla Limited	Pharmaceuticals & Biotechnology	1.39%
VST Industries Limited	Cigarettes & Tobacco Products	1.07%
Zydus Wellness Limited	Food Products	1.07%
Indian Energy Exchange Limited	Capital Markets	0.92%
West Coast Paper Mills Limited	Paper, Forest & Jute Products	0.84%
Seshaasai Technologies Limited	Financial Technology (Fintech)	0.69%
Sharda Motor Industries Ltd.	Auto Components	0.52%
Indraprastha Gas Limited	Gas	0.51%
EID Parry India Limited	Food Products	0.48%
Narayana Hrudayalaya Limited	Healthcare Services	0.36%
The Great Eastern Shipping Company Limited	Transport Services	0.34%
Central Depository Services (India) Limited	Capital Markets	0.23%
Swaraj Engines Limited	Industrial Products	0.22%
Sundrop Brands Ltd	Agricultural Food & other Products	0.20%
Indus Towers Limited	Telecom - Services	0.12%
Mahanagar Gas Limited	Gas	0.08%
ICRA Limited	Capital Markets	0.06%
Nesco Limited	Commercial Services & Supplies	0.03%
CIE Automotive India Limited	Auto Components	0.03%
Siyaram Silk Mills Limited	Textiles & Apparels	0.02%
Total		92.00%
Units issued by REITs & InvITs
Embassy Office Parks REIT	Realty	2.48%
Brookfield India Real Estate Trust	Realty	2.34%
Total		4.82%
Debt and Money Market Instruments
Treasury Bill
364 Days Tbill (MD 15/01/2027)	Sovereign	0.17%
364 Days Tbill (MD 30/07/2026)	Sovereign	0.09%
Sub total		0.26%
Reverse Repo / TREPS and Other Receivables and Payables
Reverse Repo / TREPS and Other Receivables and Payables	Debt and Money Market Instruments	2.92%
Sub total		2.92%
Total		3.18%
Net Assets		100.00%

Lumpsum Investment Performance (Compounded annual returns)
Date	Scheme		AMFI 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)*	16.79%	18.18%	15.28%	12.62%	28,957	31,416	26,489	22,574
May 30, 2025 to May 29, 2026 (Last 1 Year)	-7.58%	-6.57%	0.28%	-3.85%	9,244	9,345	10,028	9,616
May 31, 2023 to May 29, 2026 (Last 3 Years)	11.00%	12.22%	13.92%	9.54%	13,674	14,130	14,778	13,140
May 31, 2021 to May 29, 2026 (Last 5 Years)	12.80%	14.14%	12.49%	9.88%	18,254	19,363	18,007	16,012

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)	May 30, 2025 to May 29, 2026 (Last 1 Year)	May 31, 2023 to May 29, 2026 (Last 3 Years)	May 31, 2021 to May 29, 2026 (Last 5 Years)
Total Amount Invested	8,30,000	1,20,000	3,60,000	6,00,000
Market value of Investment	13,42,721	1,12,137	3,73,626	7,47,139
Market value of Investment (Direct)	14,11,684	1,12,783	3,80,365	7,71,752
(Regular) Returns (Annualised) (%)	13.71%	-12.10%	2.44%	8.73%
(Direct) Returns (Annualised) (%)	15.13%	-11.12%	3.63%	10.04%
Nifty 500 (TRI) Returns (Annualised) (%)	14.11%	-1.78%	6.30%	10.51%
Nifty 50 (TRI) Returns (Annualised) (%)	11.00%	-9.28%	2.82%	7.26%

3 Years Rolling Return	Average	Maximum	Minimum	Std. Deviation
Parag Parikh ELSS Tax Saver Fund - Regular - Growth	20.86%	35.78%	11.02%	4.35%
Parag Parikh ELSS Tax Saver Fund - Direct - Growth	22.34%	37.51%	12.24%	4.47%
AMFI Tier I Benchmark Index - Nifty 500 TRI	18.82%	33.50%	10.85%	3.72%
5 Years Rolling Return	Average	Maximum	Minimum	Std. Deviation
Parag Parikh ELSS Tax Saver Fund - Regular - Growth	21.72%	30.79%	12.90%	4.11%
Parag Parikh ELSS Tax Saver Fund - Direct - Growth	23.19%	32.36%	14.24%	4.17%
AMFI Tier I Benchmark Index - Nifty 500 TRI	19.65%	28.87%	11.74%	3.73%
- 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 March 20, 2026 (Alignment of interest of Designated Employees of Asset Management Companies (AMCs) with the Unitholders of the Mutual Fund Schemes)
as at May 31, 2026.

Scheme	Units	AUM (in Rs.)
Parag Parikh ELSS Tax Saver Fund - Direct Plan	1,85,563.41	58,14,999.89

We have our Skin in the Game
The combined holding of 'Insiders' in Parag Parikh ELSS Tax Saver Fund amounts to ₹ 63.98 Crores of AUM as at May 31, 2026.For more details please visit the 'Scheme' section of our website

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

Parag Parikh Liquid Fund

Invest Now

An Open ended Liquid scheme. A Relatively Low Interest Rate Risk and Relatively low Credit Risk

Factsheet - May 2026

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)
Base Expense Ratio (As on last business day of the month )	Regular Plan: 0.17%* Direct Plan: 0.09%* * For TER, Investors may refer to our website at https://amc.ppfas.com/statutory-disclosures/total-expense-ratio-TER/
AMFI Tier I Benchmark Index	CRISIL Liquid Debt A-I Index
Additional Benchmark	CRISIL 1 Year T-Bill index
Minimum Application / Additional Purchase Amount	New Purchase: ₹ 5,000 Additional Purchase: ₹ 1,000
Minimum SIP Investment Amount	Monthly SIP: ₹ 1,000, Quarterly SIP: ₹ 3,000

Assets Under Management (AUM) as on May 31, 2026	₹ 5,523.65 Crores
Average AUM for the Month	₹ 5,409.39 Crores

Plan	Direct	Regular
Growth	1541.2662	1528.8011
Daily Reinvestment of Income Distribution cum capital withdrawal option	1000.5405	1000.5404
Weekly Reinvestment of Income Distribution cum capital withdrawal option	1002.0713	1002.0566
Monthly Income Distribution cum capital withdrawal option	1004.0734	1004.0587

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)
25th May 2026	4.1809	4.1809	4.1113	4.1113	1,000	1,003	1,003	1007.1113	1007.1809
27th Apr 2026	6.6165	6.6165	6.5458	6.5458	1,000	1,003	1,003	1009.5458	1009.6165
30th Mar 2026	5.5632	5.5632	5.4663	5.4663	1,000	1,003	1,003	1008.4663	1008.5632

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)	39.89
Modified duration (Years)^#	0.0999
Yield to Maturity^#^$	6.41%
Macaulay Duration (Years)^#	0.1066
Credit Risk Value (CRV)^@	12.23
*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. ^@CRV is calculated as per PRC matrix

Source: Internal sources

Treasury Bills

Name

Rating

% of Net Assets

91 Days Tbill (MD 23/07/2026)

Sovereign

5.39%

182 Days Tbill (MD 09/07/2026)

Sovereign

4.77%

91 Days Tbill (MD 20/08/2026)

Sovereign

3.13%

182 Days Tbill (MD 17/07/2026)

Sovereign

2.79%

91 Days Tbill (MD 09/07/2026)

Sovereign

1.80%

91 Days Tbill (MD 28/08/2026)

Sovereign

0.89%

364 Days Tbill (MD 09/07/2026)

Sovereign

0.54%

182 Days Tbill (MD 23/07/2026)

Sovereign

0.27%

Sub Total

19.58%

Government Securities

7.63% GOI (MD17/06/2059)-Strips (C)-(MD17/06/2026)

Sovereign

0.81%

6.80% GOI (MD15/12/2060)-Strips (C)-(MD15/06/2026)

Sovereign

0.46%

Sub Total

1.27%

Non Convertible Debentures

7.4% National Housing Bank Ltd NCD (16/07/2026)

CRISIL AAA

0.91%

Sub Total

0.91%

Commercial Paper

Bajaj Finance Limited (19/06/2026)

CRISIL A1+

4.51%

Small Industries Development Bank of India (23/06/2026)

CRISIL A1+

4.51%

Tata Capital Limited (28/08/2026)

CRISIL A1+

4.00%

National Bank For Agriculture and Rural Development (09/06/2026)

CRISIL A1+

3.62%

National Bank For Financing Infrastructure And Development (04/08/2026)

IND A1+

3.58%

Small Industries Development Bank of India (09/07/2026)

CRISIL A1+

3.14%

National Bank For Agriculture and Rural Development (17/06/2026)

CRISIL A1+

2.71%

Kotak Securities Limited (21/08/2026)

CRISIL A1+

2.67%

Export Import Bank of India (21/08/2026)

CRISIL A1+

1.78%

HDFC Securities Limited (25/08/2026)

CRISIL A1+

1.78%

National Bank For Agriculture and Rural Development (15/06/2026)

CRISIL A1+

1.35%

Tata Capital Limited (20/07/2026)

CRISIL A1+

0.45%

Sub Total

34.10%

Certificate of Deposit

Punjab National Bank (11/06/2026)

CRISIL A1+

4.52%

Canara Bank (14/08/2026)

CRISIL A1+

4.46%

Indian Bank (11/06/2026)

CRISIL A1+

4.07%

Bank of Baroda (17/06/2026)

IND A1+

4.06%

Union Bank of India (12/06/2026)

ICRA A1+

2.71%

Punjab National Bank (23/06/2026)

CRISIL A1+

2.71%

HDFC Bank Limited (24/08/2026)

CRISIL A1+

2.67%

HDFC Bank Limited (12/06/2026)

CARE A1+

2.26%

Bank of Baroda (23/07/2026)

IND A1+

2.24%

Canara Bank (12/06/2026)

CRISIL A1+

1.81%

Indian Bank (19/06/2026)

CRISIL A1+

1.81%

Union Bank of India (19/06/2026)

ICRA A1+

1.35%

Axis Bank Limited (24/06/2026)

CRISIL A1+

1.35%

Union Bank of India (23/06/2026)

ICRA A1+

0.90%

Indian Bank (16/07/2026)

CRISIL A1+

0.90%

Union Bank of India (23/07/2026)

ICRA A1+

0.90%

Axis Bank Limited (18/08/2026)

CRISIL A1+

0.89%

Union Bank of India (01/06/2026)

ICRA A1+

0.45%

Bank of Baroda (04/06/2026)

CARE A1+

0.45%

HDFC Bank Limited (24/06/2026)

CRISIL A1+

0.45%

Union Bank of India (24/07/2026)

ICRA A1+

0.45%

Bank of Baroda (17/08/2026)

IND A1+

0.45%

Axis Bank Limited (12/06/2026)

CRISIL A1+

0.27%

Sub Total

42.13%

Corporate Debt Market Development Fund - Class A2 Units

0.24%

Reverse Repo / TREPS and Other Receivables and Payables

Debt and Money Market Instruments

1.77%

Net Assets

100.00%

Lumpsum Investment Performance (Compounded Annual returns)
Date	Scheme		AMFI 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)*	5.41%	5.51%	5.86%	5.90%	15,288	15,413	15,827	15,874
May 24, 2026 to May 31, 2026 (Last 7 days)	6.28%	6.37%	6.37%	1.78%	10,012	10,012	10,012	10,003
May 16, 2026 to May 31, 2026 (Last 15 Days)	5.89%	5.98%	5.91%	0.27%	10,024	10,025	10,024	10,001
April 30, 2026 to May 31, 2026 (Last 1 Month)	5.75%	5.84%	5.54%	1.62%	10,049	10,050	10,047	10,014
February 28, 2026 to May 31, 2026 (Last 3 Month)	6.53%	6.62%	6.24%	2.66%	10,165	10,167	10,157	10,067
November 30, 2025 to May 31, 2026 (Last 6 Month)	6.24%	6.34%	6.08%	3.34%	10,311	10,316	10,303	10,166
May 31, 2025 to May 31, 2026 (Last 1 Year)	6.05%	6.15%	6.02%	3.98%	10,605	10,615	10,602	10,398
May 31, 2023 to May 31, 2026 (Last 3 Years)	6.58%	6.69%	6.82%	6.34%	12,109	12,145	12,190	12,026
May 31, 2021 to May 31, 2026 (Last 5 Years)	5.76%	5.86%	6.08%	5.60%	13,232	13,298	13,438	13,134

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 March 20, 2026 (Alignment of interest of Designated Employees of Asset Management Companies (AMCs) with the Unitholders of the Mutual Fund Schemes) as at May 31, 2026.

Scheme	Units	AUM (in Rs.)
Parag Parikh Liquid Fund Direct Plan Growth	2,519.16	38,83,437.69

We have our Skin in the Game
The combined holding of 'Insiders' in Parag Parikh Liquid Fund amounts to ₹ 1,427.70 Crores of AUM as at May 31, 2026. 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.

Outlook

We continue to look at individual investments on their own merits and will not hesitate to invest if an opportunity looks attractive. As usual, our investment stance does not depend much on the macro-economic situation but is focussed on individual companies. We have about 14.77% in cash holdings, debt & money market instruments and arbitrage positions which can be deployed in long term investments at appropriate levels.

Investor Helpline:

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