Parag Parikh Flexi Cap Fund’s AUM crosses Rs 50,000 crore in December
Parag Parikh Flexi Cap Fund, a flagship scheme of Parag Parikh Mutual Fund, crossed Rs 50,000 crore in assets under management in December, an analysis of AUM trend by ETMutualFunds showed. The scheme manages assets worth Rs 52,684.28 crore as on December, according to Amfi. The AUM of the scheme has grown by around 80 per cent in 2023.
Launched in May 2013, the flexi cap scheme has completed 10.62 years. The scheme offered 19.34% since inception. The scheme offered 19.47% in 10 years, 22.77% in five years, and 22.34% in three years. In the 10-, five-, and three-year horizons, the benchmark (Nifty 500 — TRI) offered 16.26%, 17.60%, and 18.96% respectively. This shows that the scheme has managed to beat its benchmark during these horizons.
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View Details»According to the scheme information document, the scheme manages 2,250,238 folios as on September 30,2023.
Based on yearly returns since the inception (nearly 11 years), the scheme has managed to beat its benchmark eight times. The scheme outperformed its benchmark in 2013, 2014, 2015, 2018, 2019, 2020, 2021, and 2023. The scheme underperformed in 2016, 2017, and 2022.
A monthly SIP of Rs 10,000 made in the fund since inception would have now grown to Rs 37.72 lakh with a XIRR of 19.40%. A 10-year SIP would have offered 19.34% returns. A five-year SIP would have offered XIRR of around 24.30%. In the three-year horizon, the scheme has offered 21.41% SIP returns.
A lumpsum investment of Rs 1 lakh was made in the fund at the time of launch would have grown to Rs 6.54 lakh with a CAGR of 19.34%. A lumpsum investment in the scheme would have offered a CAGR return of 19.47% in 10
