MonitorDirect · GrowthWatch before adding
Parag Parikh Flexi Cap Fund
PPFAS Mutual FundEquity Scheme - Flexi Cap Fund13.4 years
The scheme aims to achieve long-term capital appreciation by investing primarily in equity and equity related instruments.
- NAV
- 88.9623
- 29 Oct 2026
- 1Y
- -7.0%
- Trailing CAGR
- Upside capture
- +82%
- Vs NIFTY 500 TRI
- Downside capture
- +46%
- Lower is better
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · The fund beat the category median in 88% of rolling 3-year windows.
Fits if · Three-year return is above the category median.
Prefer peers if · Prefer Bajaj Finserv Flexi Cap Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
13.4 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
0.69% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -31.2%. Ask whether you can hold through a similar fall.
Vs category
Pass
88% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Watch
Aishwarya Dhar · 1.2 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 51.8% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 31%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y-7.0%
- 3Y+12.5%
- 5Y+10.9%
- 10Y+16.6%
- SI+17.7%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-4.8%
- 3Y+3.3%
- 5Y+10.5%
- 10Y+16.3%
- Since inception
- +17.7%
- Calendar-day CAGR
- Excess 1Y
- -2.4%
- Category median, same plan and option
- 3Y win rate
- +88%
- Windows beating the median
- 3Y percentile
- 65
- Vs comparable share classes
- SIP 3Y XIRR
- +3.3%
- Simulated monthly SIP
- Worst rolling 3Y
- +0.7%
- 2569 daily-ending windows
- Median rolling 3Y
- +19.0%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 2076 daily-ending windows
Official benchmark
Date-aligned against NIFTY 500 TRI. Capture ratios use common month-end observations through 30 Oct 2026.
- 1Y excess
- +0.6%
- Fund minus TRI
- 3Y excess
- +2.1%
- Fund minus TRI
- Upside capture
- +82%
- Benchmark-up months
- Downside capture
- +46%
- Lower is better
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -31.2%
- Worst peak-to-trough
- Current
- -7.1%
- Below last peak
- Current spell
- 367 days
- Days below latest peak
- Time below peak
- +83%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 12 days
- 198 recovered episodes
- Longest recovery
- 333 days
- Trough to prior peak
13 Feb 2020 – 7 Jul 2020
Trough 24 Mar 2020 · recovered in 105 days
-31.2%
19 Oct 2021 – 28 Apr 2023
Trough 17 Jun 2022 · recovered in 315 days
-17.9%
30 Nov 2015 – 11 Jul 2016
Trough 12 Feb 2016 · recovered in 150 days
-12.5%
30 Aug 2018 – 23 Sept 2019
Trough 25 Oct 2018 · recovered in 333 days
-12.2%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
65
Vs category
35
Consistency
77
Risk-adjusted
73
Drawdown
22
Mean
55
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
- Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
Supporting reads
- The fund beat the category median in 88% of rolling 3-year windows.
- Three-year return is above the category median.
- Risk-adjusted return sits above the documented risk-free proxy.
Portfolio
31 Aug 2026 · 113 holdings · top 10 are 51.8%.
- Top 5
- 29.3%
- Top 10
- 51.8%
- Largest holding
- 7.6%
- Effective holdings
- 26.3
HDFC Bank Ltd
Financial
7.6%
ICICI Bank Ltd
Financial
5.7%
Power Grid Corporation of India Ltd
Energy & Utilities
5.6%
ITC Ltd
Consumer Staples
5.3%
Bajaj Holdings & Investment Ltd
Financial
5.1%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
29 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
28 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
27 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
26 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
22 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
21 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
19 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
16 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
24 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
22 Sept 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Bajaj Finserv Flexi Cap Fund
Bajaj Finserv Mutual Fund
- 1Y
- -0.3%
- 3Y
- +15.8%
- Vol
- 13.1%
- Max DD
- -17.5%
- Sharpe
- 0.69
- 3Y win
- +100%
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Higher TER
BANK OF INDIA FLEXI CAP FUND
Bank of India Mutual Fund
- 1Y
- +3.1%
- 3Y
- +18.6%
- Vol
- 16.6%
- Max DD
- -23.7%
- Sharpe
- 1.09
- 3Y win
- +100%
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Higher TER
ITI Flexi Cap Fund
ITI Mutual Fund
- 1Y
- +6.5%
- 3Y
- +18.5%
- Vol
- 15.4%
- Max DD
- -21.4%
- Sharpe
- 1.00
- 3Y win
- +100%
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Higher TER
UNIFI FLEXI CAP FUND
Unifi Mutual Fund
- 1Y
- +2.5%
- 3Y
- n/a
- Vol
- 12.9%
- Max DD
- -13.2%
- Sharpe
- -0.09
- 3Y win
- n/a
- Shallower drawdown
- Higher win rate vs category
Caveat: Higher volatility · Higher TER · Lower trailing returns
Nippon India Flexi Cap Fund
Nippon India Mutual Fund
- 1Y
- -7.8%
- 3Y
- +9.4%
- Vol
- 14.8%
- Max DD
- -19.8%
- Sharpe
- 0.35
- 3Y win
- +60%
- Shallower drawdown
- Lower TER
Caveat: Higher volatility · Lower trailing returns