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  • PPFAS Mutual Fund :: Parag Parikh Flexi Cap Fund - Local fund with Global focus
    AUM (₹ Crores)
    58,900.51
    As on Feb. 29, 2024
    NAV (Direct Plan)
    74.8659
    As on Mar 28, 2024
    NAV (Regular Plan)
    69.3206
    As on Mar 28, 2024
    Insider Holdings
    408.22
    As on Feb. 29, 2024


    Local fund with Global focus

    Global advantage... without any tax disadvantage.*

    Parag Parikh Flexi Cap Fund (PPFCF) is one of only a handful of Indian mutual fund schemes to invest in a basket of Indian and foreign stocks.
    Five reasons why we have chosen to be different are:
    Most equity mutual fund schemes help investors diversify across industries within the same country. However, investors could still be affected if there are negative events throughout the country (such as war, drought, political turmoil etc.). Investing across countries helps to reduce this risk.
    Different markets perform well at different times and it is virtually impossible to predict who will be the next winner. Also, there will be times when the Indian stockmarket may underperform others. By diversifying abroad, we reduce the risk of our investors losing out when this happens.
    All stockmarkets do not always move at the same pace or in the same direction. Hence, investing across countries helps to reduce the volatility of the portfolio. Lower fluctuations in the Net Asset Value (NAV) mean greater peace of mind…
    There are several world-class companies which do not have Indian subsidiaries who are listed. 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.
    Sometimes, the Indian subsidiary of a multinational company may be very highly valued, and hence not investment-worthy. However, its parent company may be available at much more reasonable valuation. We can take advantage of such situations. We employ the same time-tested principles of value investing while choosing both, Indian and foreign stocks.


    We prefer to concentrate on stock-picking rather than forecast currency movements. However, we reduce the risk of our investors losing due to sharp currency appreciation of the Indian rupee, by hedging approximately 80% of our foreign exposure through Currency Contracts..

    As the Forward rate of the Indian Rupee is usually at a premium to the Spot Rate, our investors often earn an additional yield (Currently 5-6% per annum), irrespective of how the underlying stocks perform.

    Please note: This yield may or may not sustain in the future, as it depends on factors like interest rate & inflation differentials between two currencies, which cannot be predicted with much accuracy.

    First of all, we prefer countries where stockmarkets are well-developed, good governance is in place, financial statements are prepared in English and stockmarkets are liquid.

    Within these countries, we seek companies which are large, have operations in multiple countries and are reasonably valued.

    Currently, we are focusing on companies listed mainly in the USA as we have access to a large universe of companies which possess all these attributes.

    Yes. As 65% of the portfolio will be invested in Indian companies, our investors will pay a lower rate of tax, as shown in the table alongside.

    % 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

    *‘Tax disadvantage’ refers to higher ‘Capital Gains Tax’ paid by investors in other ‘global’ equity mutual fund schemes

    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.

    Parag Parikh Flexi Cap Fund
    riskometerThis 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 this scheme is suitable for them.


    Download SID/SAI and KIM here.

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


    Name of the Scheme

    Parag Parikh Flexi Cap Fund

    Investment Objective

    To seek to generate long term capital growth from an actively managed portfolio of equity and equity related securities.

    Type of the scheme

    An open-ended dynamic equity scheme investing across large cap, mid cap, small cap stocks.

    Date of Allotment

    May 24, 2013

    Minimum Application Amount

    New Purchase: ₹ 1,000;
    Additional Purchase: ₹ 1,000;
    Monthly SIP: ₹ 1,000;
    Quarterly SIP: ₹ 3,000;

    Expense Ratio *

    Please visit this link

    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.


    Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
    © PPFAS Asset Management Private Limited. All rights reserved.
    Sponsor: Parag Parikh Financial Advisory Services Limited. [CIN: U67190MH1992PLC068970], Trustee: PPFAS Trustee Company Private Limited. [CIN: U65100MH2011PTC221203], Investment Manager (AMC): PPFAS Asset Management Private Limited. [CIN: U65100MH2011PTC220623]