Disclosure of Insider Holdings — Parag Parikh Flexi Cap Fund

Total number of units held in Parag Parikh Flexi Cap Fund - Direct Plan Growth as per SEBI Master Circular for Mutual Funds dated June 27, 2024 relating to Alignment of interest of Key Employees ('Designated Employees') of Asset Management Companies ('AMCs') with the unitholders of the Mutual Fund as at 31-05-2026 = 1413621.260 units.

At PPFAS Mutual Fund, we are inspired by The Hammurabi Code.

Read about The Hammurabi Code here.

Around 18th Century BC lived a King named Hammurabi who instituted a social law now known as the Hammurabi's code. It is the one of the first evidence of law ever written down. One of the principle features of the code was about the builder - If a builder built a house for a man & the house collapses to cause the death of the owner, then the builder has to be put to death.

Such a punishment seems incredibly harsh especially when there can be many reasons for the collapse. But with such a heavy downside in place, the builder has absolutely no incentive to cut corners in constructing the house. He has to use the best materials & the best building techniques to build the best possible house which will last for a long time. The builder literally has his own skin in the success & longevity of the building.

This type of a system ensures a very strict moral obligation & not just a professional responsibility. How could this same moral obligation be translated to the fund management business?

Details of Insider Holdings as at May 31, 2026

Name	Designation	Number of units held
Sahil P Parikh	Director	74,48,837
Hitesh Dharmasinh Gajaria	Director	21,11,580
Parag Parikh Financial Advisory Services Limited	Sponsor Company	10,08,790
Hemangini Rajeev Thakkar	Head - Business Development (Alternatives)	8,52,854
Khushboo Joshi	Chief Wealth Officer	3,13,944
Jayant R. Pai	Financial Planner	1,90,145
Neeta Milan Shukla	Senior Manger Investor Relations.	40,032
Mansi Hiteshkumar Vyas	Chief Financial Officer	18,835
Palak Kekul Dalal	Senior Manager - Product	9,104
Rohil Gandhi	Principal Officer & Fund Manager	8,302
Kajal Patel	Tax Consultant	5,551
Pratham Aggarwal	Product Research Analyst	5,357
Ami Doctor	Relationship Manager - Wealth	5,060
Manasi Kadam	Deputy Manager	3,654
Deepika Ravindra More	Manager	3,224
Pravin Shankar Kolge	Deputy Manager	3,014
Pritam Mahendra Kijbile	Office Boy	2,300
Rajdeep Kiritsinh Jadeja	Company Secretary & Compliance Officer	2,134
Sachin Pawar	Office Boy	2,092
Jimmy Pascol Tuscano	Senior Manager	2,046
Amit Tukaram Ghadi	IT - Executive	2,038
Ishan Parekh	Client Advisor	1,053
Nandita Singh	Assistant Manager-Customer Support	437
Ishita Pandey	Client Advisor	389
Sakshi Waikar	Executive	258
Govind Harbirpal Singh	Client Avisor - Research	232
Milind Dattaram Chavan	Office Boy	198
Dakshata Dasharath Sugadare	Assistant Manager - Operatiosn (PMS )	33
Siddhant Shah	Equity - Dealer	26
Sarthak	Deputy Manager- Product	21

Note: These holdings include those of the individual as well as his immediate/dependent family members.

Details of Holding of PPFAS AMC, its directors and promoter group

Name	Designation	Number of units held
PPFAS ASSET MANAGEMENT PVT LTD	AMC Company	2,37,76,714
Neil P. Parikh	Chairman & Chief Executive Officer	62,83,179
Geeta Parag Parikh	Promoter	57,66,310
Rajeev Thakkar	Chief Investment Officer - Equity and Director	41,60,654
Subrata K Mitra	Independent Director	44,379
Raman Jokhakar	Independent Director	41,870
PPFAS Mutual Fund	PPFAS Mutual Fund	1,990
V Ramesh	Independent Director	102

Note: Holdings of Late Mr. Parag S. Parikh are transmitted to Geeta Parag Parikh.

Details of PPFAS IFSC Company, its directors and employees

Name	Designation	Number of units held
Nirmal Bari	Director & Principal Officer	13,146
Akshay Falgunia	Fund Manager	2,966
Purvesh Pandit	Complaince Officer & Company Secretary	2,299

Note: Holdings of Late Mr. Parag S. Parikh are transmitted to Geeta Parag Parikh.

Details of Holding of directors of PPFAS Trustee Company Pvt. Ltd. and its employees

Name	Designation	Number of units held
Suneel Gautam	Associate Director	1,10,05,269
Burjor Nariman	Independent Director	52,376
PPFAS TRUSTEE COMPANY PRIVATE LIMITED	Trustee Company	2,215

Note: These holdings include those of the individual as well as his immediate/dependent family members.

Details of Holding of the Key Employees of the company

Name	Designation	Number of units held
Aalok Ramesh Mehta	Head of Investor Relations & Direct Channel	3,70,138
Raunak Onkar	Fund Manager & Head Research	3,62,588
Sanjay Shroff	Head- Adminstration	1,56,319
Mahesh Sarode	Head - Distribution Channel (West)	1,03,744
Raj Kirit Mehta	Executive Vice President & Fund Manager - Equity	60,816
Mansi Kariya	Associate Vice President & Fund Manager- Debt	55,360
Shailendra Pandey	Chief Marketing Officer and Head - Corporate Communications	31,117
Prithvinath Gaddam	Associate Vice President- Research	25,042
JIGNESH DESAI	Head - Operations (RTA) & Principal Officer	23,810
Rukun Tarachandani	Executive Vice President & Fund Manager - Equity	17,245
Pratik Rathi	Senior Manager - Research	16,055
Aarti Noela Marianus	Head - Distribution Channel (South)	12,416
Abhishek Goenka	Associate Vice President- Research	11,051
CHANDRASEKARAN VAIDHYANATHAN	Manager - Research	8,921
Akshay Upadhyay	Chief Technology Officer	8,498
Ranbir D.Nayal	Chief Information Security Officer	8,022
JITENDRA CHAWLA	Head - Client Relations And Distribution (North)	6,663
JINAL B JAIN	Manager - Research	5,323
Sanjana Jadhav	Head - Human Resources	3,802
S Prawin Visesh	Senior Manager- Research	3,033
Shreeratan Chandak	Associate Vice President -Institutional Sales	2,196
Shubham Gupta	Chief Risk Officer	2,036
Priya Hariani	Chief Compliance Officer & Company Secretary	1,962
Vikas Gandhi	Chief Financial Officer & Director	1,702
Aishwarya Shashi Dhar	Senior Manager & Fund Manager - Debt	583
Shantanu Bawari	Manager - Research	468
Vatsal Kapadia	Manager - Research	424
Jitendra Motwani	Chief Operating Officer	393

Note: These holdings include those of the individual as well as his immediate/dependent family members.

Details of Holding of the Other Employees of the company

Name	Number of units held
Nalin Luis Moniz	3,75,701
Ashok Pandurang Kerkar	56,561
Usha Galia	43,668
SARANSH BANGA	35,451
PARESH ASHOK KERKAR	29,776
Parminder Saini	16,745
sonal makwana	16,661
Vinay Teli	14,407
Nilesh Parmar	11,891
Vrutti Mehta	11,140
S RADHAKISHAN RAO	9,782
Madhavi Dey	9,469
Ninad Bhosle	8,940
R Karthika	8,594
Shivin Kumar	8,589
Kalpana Prajapati	6,923
Priyanka Mangesh Shetye	5,174
Nikhila Rao	5,059
Lunar Sutar	4,946
Shaival Shah	4,544
R VENKATARAMANA	4,415
Shubham Pravin Jain	4,176
Kavita Kamble	3,997
Janhavi N. Udyavar	3,834
Rahul Naik	3,790
D Megalingam	3,662
Sushil Kumar	3,444
Biju Abraham Verghese	3,418
Sudhakaran G	3,362
Digamber Singh Bisht	3,305
Hema Sundar Koneti	2,953
Abin Babu Varghese	2,885
Abhijeet Karamunge	2,762
Sanil Jain	2,738
Vishal V Pai	2,677
Sonam Chaudhary	2,606
Parul chauhan	2,512
Narendra Phulchand Kala	2,396
Valerian Francis Fernandes	2,387
Laxmi	2,237
Sagarkumar Anilbhai Pandya	2,119
Priyanka Yadav	1,998
ABIMANUE ASOKAN	1,963
Romika Srivastava	1,947
Prajakta T Barve	1,918
Arun Kumar Yadav	1,904
Aditi Pandere	1,898
NIKESH DILIPBHAI GAJIWALA	1,744
Suheth Menon	1,625
Ratnavathi A Puthran	1,565
Anitha Sabu	1,550
Darsh Thakker	1,521
Sanket Yadav	1,455
Anilkumar Rajkishor Prajapati	1,447
Muthulakshmi Sudalaimuthu	1,386
Harikrishna Theerupari	1,328
Anshveer Chhabra	1,262
Ankur pal	1,232
Paresh D Shukla	1,196
Sheetal Kulkarni	1,167
Johnson Correia	1,164
Prasanna Patil	1,112
MANISHA JEETENDRA SINGH	1,049
Hardik Trivedi	997
Pooja Rawat	989
Akash Parshuram Patil	940
SAMEER GHUME	939
AMITH R	910
DEVENDRA PANDEY	766
Mohit Soni	743
Aarti Santosh Kharade	697
Cyriac Thachara	678
Agnisha Chatterjee	664
Nirvan Daga	663
Sonali Sisodiya	649
Gopi R	634
Abhishek Tyagi	615
Vijay Sukhdeo Thakkar	586
koustav mondal	585
Akshata Nilesh Nadkar	583
Maroti Pawar	574
Hrishikesh Surendra Bavdankar	572
Preeti Gunaji	565
Sweta Poojari	538
Chacko Jose Joy	529
NIDHI KANTILAL CHHEDA	501
Rajesh Kumar	475
Satyam Mishra	461
Nisha Kachhela	450
Chandrashekhar Navrat	429
Sushma Ganesh Jethe	411
Steven Issac Gunwantnoor	409
WAMAN LINGAYAT	407
Pranoy Haldankar	399
AARTI KAUSTUBH MODAK	387
AKASH MANOJKUMAR PARMAR	381
Shrikant Pancholi	351
Poojashree Rajesh	338
Dhaval Kishor Rathod	331
Aman Anand	323
Naynish Kadam	319
Pankaj Kumar Jha	313
Yatin Makwana	296
Andrea D'mello	296
Manali Rane	276
Pallavi Singh	261
Priyanka Dabhane	261
RUPAL B MAGAR	241
Ruchita Vijay Lokhande	237
KRISHNA KANTA LALL	222
Shubham Dave	179
Brijesh Barbhaya	161
Sam Domnic G	153
Pinal Solanki	152
Anuja Deshmukh	152
Sanket Kumar	151
Anjali Manoj Mistri	143
Ragava Saranya Raghu	140
VAIBHAV DATTATRAY MORE	131
TANUSHREE. KRISHNAMOORTHY	130
Trupti Mohan Sawant	119
PANKAJ PANDEY	109
Deepak Vishwakarma	106
Jaimin Harshad Bhatt	100
Sandeep Vaidande	79
TUSHAR DILIP KAMERKAR	77
SANGEET GANDHI	76
Aakash Anil Manjrekar	75
Priyanka	71
Ritu Arun Kumar Tripathi	64
Shubham Hire	54
Nitesh Jain	54
Varun Mahakal	33
Vivek Patankar	25
Lachhu Chawla	12
ARJUN DALUI	12
Aakash Tanwar	11
PARTHA BARMA	11
SINGH ARUNKUMAR	11
Manjunath N	10

Note: These holdings include those of the individual as well as his immediate/dependent family members.

Ideally, in the fund management profession, the only way to instill a sense of accountability is to ensure that the Fund Management team is investing their own monies along with those of the clients'. At PPFAS Mutual Fund, this ideal transcends into reality, as the key stakeholders in the Fund have invested a substantial portion of their equity investments in Parag Parikh Flexi Cap Fund.

Having our own skin in the game demonstrates the willingness to link our financial well-being with yours. This also places an implicit onus on us to make optimum use of our time & abilities in order to enhance the scheme's performance and eschew the reckless behaviour that fund managers are sometimes accused of.

By investing in our scheme and disclosing it every month, we are going beyond the extant Regulations. We believe that this one disclosure will serve to inspire greater confidence among our unitholders, than thousands of times of assurances ever can.

Parag Parikh Flexi Cap Fund