This Scheme is Suitable for investors who can remain invested for minimum 5 years!

Parag Parikh Flexi Cap Fund

Local Fund with Global Focus

An open ended dynamic Equity scheme investing across
large cap, mid cap, small cap stocks!

Buy online now!

Why Parag Parikh Flexi Cap Fund invests in foreign stocks


Nothing is permanent: Stockmarkets are cyclical. What goes up today may come down tomorrow. Hence, concentrating all our investments in one market is not prudent, especially in today's times when it is fairly easy to invest globally via mutual funds.

'Country Risk' can bite you: Most mutual fund schemes help you diversify across industries within India. However, you could still be affected if there are negative events within (such as war, drought, political turmoil etc.). Investing across countries helps to reduce this risk.

Why miss out on nearly 98%?
India's market-capitalisation is currently around 2.18% of the global market-cap. as at June 22, 2020* Hence, by ignoring the rest of the universe, we could be missing out on several opportunities.
*Source: Financial Express

Different markets dance to different tunes
Local factors affect every market, and the stocks listed therein. This leads to periods of huge divergence between markets. Being exposed to more than one market may help capture some of this.

Table of Returns (In %)
Index Returns (Jan. 1, 2015 to Sept. 12, 2021) Returns (Jan. 1, 2012 to Dec. 31, 2014)
Dow Jones Industrial Average – USA 10.34 12.86
FTSE 100 Index – United Kingdom 1.15 4.83
Hang Seng Index – Hong Kong 0.75 7.74
IBOVESPA SAO PAULO Index – Brazil 15.14 -4.73
KOSPI Index - South Korea 6.61 1.62
Nifty 50 Index – India 12.03 21.34
Nikkei Index – Japan 7.25 27.40
*Source: Bloomberg

Reducing portfolio volatility: Diversifying across countries also helps to reduce the volatility of the portfolio. Lower fluctuations in the Net Asset Value (NAV) mean greater peace of mind…

Local markets may lack variety: There are several world-class companies which do not have Indian subsidiaries who are listed (Eg. Coca Cola, Nike, Samsung). Also, there are innovative companies making certain products/services for which there are no Indian substitutes. When we invest abroad, our investors get a chance to benefit from the performance of such global leaders.

For instance, the US market offers wider options to invest in software product companies or pharmaceutical innovator companies compared to the Indian stockmarket.

Valuations may differ: Surprisingly, a domestic subsidiary's Parent company may be available at a more attractive valuation abroad.

A representative sample is provided here:

Company PE Ratio (Overseas) PE Ratio (NSE)
Nestle 25.74 88.68
Pfizer 15.17 50.81
Suzuki 10.60 52.86
Cummins 15.53 39.09
ABB 72.81 170.29
*Source: Bloomberg | Date: September 12, 2021 | Illustrative Purposes only

In such a case, investors could diversify simply by purchasing the Company abroad. Also, in many cases, the Parent earns royalty from its foreign subsidiaries, and by owning the parent one could benefit from this.

Globally diverse...yet tax-friendly
As PPFCF invests a minimum of 65% in Indian equities, it enjoys the same Capital Gains Tax benefits as any other Indian equity scheme. Hence diversification does not result in any tax disadvantage.

Invest in Parag Parikh Flexi Cap Fund if you too want to benefit from international diversification

Is this Portfolio Tax-friendly?


Yes. As 66% of the portfolio will be invested in Indian companies, our investors will pay a lower rate of tax, as shown in the table along side


% Holding of Indian Equities


Particulars 65% and above Less than 65%
LTCG Tax 10% without indexation 20% after indexation
Qualifying period One year Three years
Holdings

Scheme Facts


The investment objective of the Scheme is to seek to generate long-term capital growth from an actively managed portfolio primarily of equity and Equity Related Securities. Scheme shall be investing in Indian equities, foreign equities and related instruments and debt securities.

Min. Application Amount

Lumpsum
New Purchase:
₹ 1,000 and in multiple of ₹ 1 thereafter.
Additional Purchase:
₹ 1,000 and in multiple of ₹ 1 thereafter.

Systematic Investment Plans
Monthly SIP:
₹ 1,000 and in multiple of ₹ 1 thereafter.
Quarterly SIP:
₹ 3,000 and in multiple of ₹ 1 thereafter.

Scheme Plans

Direct Plan: Do-It-Yourself and benefit from a lower 'Expense Ratio'.

Regular Plan: Choose this option if you would like one of our Distribution Partners to help you out.

For both the above plans scheme offers only "Growth Option" and no "Dividend option".

Entry/Exit Load

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.

Where do we invest?


Its investment universe is not restricted by any self-imposed limitations in terms of sector, market capitalisation, geography, etc. However, an average of 65% of its corpus will be invested in listed Indian equities, in order to benefit from the favourable Capital Gains tax treatment accorded to such schemes.

Industry Allocation

Holdings

As at July 31, 2022

Top Indian Holdings

NameSector% of Assets
Housing Development Finance Corporation LtdFinance 8.11%
Bajaj Holdings & Investment Ltd. Finance7.71%
ITC Ltd. Diversified FMCG 7.48%
ICICI Bank Ltd.Banks6.05%
Axis Bank Ltd. Banks 5.14%
Power Grid Corporation of India Ltd. Power 4.98%

Top Overseas Holdings

NameSector% of Assets
#Alphabet Inc (Google Class A) Internet & Technology 6.62%
#Microsoft CorporationInternet & Technology6.36%
#AMAZON.COM INC Consumer Services5.05%
#Meta Platforms Inc (Formerly Facebook Inc) Internet & Technology3.06%
#Suzuki Motor Corp (ADR)^ Automobiles0.59%
# Currency hedge to the extent of approximately 75% of exposure.

^ Traded on US OTC Markets. Underlying shares are listed on Tokyo Stock Exchange

As at July 31, 2022, 68.92% is invested in Indian equities and 21.68% is invested in foreign equities. The residual 9.14% is parked in TREPS etc. & Fixed Deposit Receipts (FDR). Scheme Factsheet here.

1,174,942

SIPs

(As on April 31, 2021)

₹ 24,594.84

AUM (Crs)

(As on July 31, 2022)

₹ 286.95 Cr.

Insider Holding

(As on July 31, 2022)

PPFAS SelfInvest


EMPOWERING YOU TO TRANSACT AS WELL AS VIEW YOUR HOLDINGS ONLINE 24 X 7

PPFAS-Selfinvest-Web-Mobile.png

Through this you can currently

  •   Create a new Folio (Currently it is available for only for investors who are KRA/KYC compliant before February 1, 2017)
  •   View your investments
  •   Make additional purchases, redeem and switch.
  •   Start a Systematic Investment Plan
  •   Fetch your Account Statement

  Web App   Andriod   iOS

Invest with us


649,002(and counting...) believers in long-term investing have chosen our scheme. Join Them! Buy Online!

Buy Online

Riskometer


This product is suitable for investors who are seeking*

The investment objective of the Scheme is 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.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Riskometer

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

Contact us

PPFAS Asset Management Private Limited

81/82, 8th Floor, Sakhar Bhavan, Ramnath Goenka Marg, 230, Nariman Point, Mumbai - 400 021. INDIA.

Write to us