Parag Parikh Flexicap Fund crosses Rs 1 lakh crore AUM: Neil Parikh

Parag Parikh Flexicap Fund, the largest flexi cap fund based on assets managed, has crossed Rs 1 lakh crore Assets Under Management (AUM) today, said Neil Parikh, Chairman and CEO of PPFAS Mutual Fund.

The CEO considers the fund as the first actively managed scheme to do so in India, and he posted on the social media platform X, “I don’t normally talk about AUM or have any AUM-based targets in our organization, but today is special. PPFAS Flexicap crossed 1 lakh crore AUM today.. I believe it is the first actively managed scheme to do so in India.”



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He further went on to express heartfelt appreciation to the entire team at PPFAS, distribution partners, and most importantly, the investors who placed their trust in the fund over the years.

Parag Parikh Flexi Cap Fund (Formerly known as Parag Parikh Long Term Equity Fund) is an open-ended dynamic Equity scheme investing across large cap, midcap, smallcap stocks.

The investment objective of the scheme is to generate long-term capital growth from an actively managed portfolio primarily of equity and equity-related securities. The scheme shall invest in Indian equities, foreign equities and related instruments, and debt securities.

The scheme is managed by Rajeev Thakkar, Raunak Onkar, Raj Mehta, Rukun Tarachandani, and Mansi Kariya.

The minimum investment amount for a new purchase and an additional purchase is Rs 1,000, and for the monthly SIP it is Rs 1,000, whereas for the quarterly SIP it is Rs 3,000.

According to the last factsheet available, the scheme had an AUM of Rs 93,440.89 crore as on March 31, 2025, whereas the average AUM was recorded at Rs 90,727.45 crore.

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Based on the data available on the fund house website, the regular plan of the scheme has offered 19.04% return since inception, whereas the direct plan has offered 19.89% return.

A monthly SIP of Rs 10,000 in the regular plan since the inception of the fund would have been Rs 48.04 lakh with an annualised return of 18.93%, whereas the same amount invested in the direct plan since the inception would have been 51.03 lakh with an annualised return of 19.84%.