Parag Parikh Flexi Cap Fund Crosses ₹1 Lakh Crore AUM: ₹10,000 SIP Turned Over ₹51 Lakh Since Inception

The Parag Parikh Flexi Cap Fund, managed by PPFAS Mutual Fund, has reached a significant landmark by becoming India’s first actively managed equity mutual fund scheme to surpass ₹1 lakh crore in Assets Under Management (AUM). This achievement was officially shared by Neil Parikh, Chairman and CEO of PPFAS, through a post on the social media platform X.

A Note of Gratitude to Stakeholders

Neil Parikh expressed deep gratitude towards the entire PPFAS team, distribution partners, and investors who have shown a long-term commitment to the fund. He acknowledged that it is the collective trust and effort of all stakeholders that have enabled the fund to achieve this unprecedented scale.

About the Parag Parikh Flexi Cap Fund

Previously known as the Parag Parikh Long Term Equity Fund, the scheme is an open-ended dynamic equity fund that invests across large-cap, mid-cap, and small-cap segments. This flexible investment approach allows the fund manager to adapt to changing market dynamics and pursue opportunities across the market spectrum.

The fund is often regarded for its long-term orientation, value-conscious investing style, and a relatively concentrated portfolio, which sets it apart from many peers.