Rs 10000/month SIP in Parag Parikh Flexi Cap Fund grows to Rs 34 lakh in 10 years

Parag Parikh Flexi Cap Fund is a mutual fund scheme that helps Indian investors get exposure to overseas stocks. With a total assets under management (AUM) of Rs 63,933.76 Crores, the Parag Parikh Flexi Cap Fund has achieved a CAGR of 19.65 % since its debut in 2013, beating benchmarks like the Nifty 500 and Nifty 50. Even a monthly SIP in PPFCF has generated a return of 19.88% since inception.

PPFCF was launched on May 24, 2013, and after ten years, the SIP of Rs 10000 has grown to Rs 34.19 lakh, as of April 30, 2024. The minimum SIP investment amount for a monthly SIP is Rs 1,000, while for a quarterly SIP, it is Rs 3000.

Parag Parikh Flexi Cap Fund SIP Returns Calculation

Total Amount Invested: Rs 12,10,000 (Since Inception from May 24, 2013)

Market value of Investment (Regular Plan): Rs 34,19,737 ( As of April 30, 2024)

As of April 30, 2024, the Parag Parikh Flexi Cap Fund has a 1-year return of 36.06%. The CAGR of PPFCF since commencement (May 24, 2013) is 19.65% as opposed to 14.30% for Nifty 50. The last 10-year return of PPFCF is almost 19.18%.

PPFCF is a flexi-cap mutual fund that invest a portion of AUM in foreign equities and caters to individuals who want to lower risk and increase returns on their investments by focusing on overseas markets. The Parag Parikh Flexi Cap Fund stands out from other plans due to its exposure to foreign companies. The PPFCF is an equity-oriented open-ended plan that invests in big, medium, and small-cap firms in domestic and international markets.

Currently, the Parag Parikh Flexi Cap Fund has four foreign stocks instead of the five foreign firms it once did. Of the PPFCF’s total AUM, 14.13% is made up of foreign stocks. PPFCF holds foreign investment in stocks of Amazon (3.11%), Microsoft Corporation (3.72%), Alphabet (3.98%), and Meta Platforms (3.32%) as of April 2024.

Making consistent contributions to mutual fund schemes fosters the development of a savings habit. To invest in mutual fund schemes and maintain consistent savings without being affected by market fluctuations, the most effective method is to use a Systematic Investment Plan (SIP). SIPs for mutual funds can assist in avoiding the need to time the market. Indian investors have the chance to diversify their domestic portfolio with foreign companies that are leaders in their respective sectors by investing through SIP in PPFCF.