Parag Parikh Flexi Cap Fund is one such standout performer that has multiplied investor wealth over five times in just 10 years. Launched on May 24, 2013, the fund has delivered an 18.12% return (CAGR) over the past 10 years, making it one of the top-performing equity mutual funds. What does this mean in simple terms? A lump sum investment of Rs 10 lakh in 2013 would now be worth over Rs 52 lakh — an impressive feat in the world of equity investing.
When it comes to 10-year performance among flexi-cap funds, Parag Parikh Flexi Cap Fund – Direct Plan ranks second, just behind Quant Flexi Cap Fund, which holds the top spot. Yet, for investors who value consistency, sound investment strategy, and a long-term vision, Parag Parikh’s offering remains a solid contender.
Since inception, the fund has delivered an impressive 20.02% annualised return, reflecting its long-term wealth creation potential. The fund is benchmarked against the NIFTY 500 TRI and carries a ‘Very High’ risk rating on the riskometer. As of June 30, 2025, it manages assets worth Rs 1.10 lakh crore, making it one of the largest flexi-cap funds in India. The expense ratio for the direct plan stands at 0.63%, offering cost-effective access to a diversified portfolio.
Parag Parikh Flexi Cap Fund portfolio
The Parag Parikh Flexi Cap Fund maintains a concentrated portfolio with a strong tilt towards quality financial and utility businesses. Its top holdings include HDFC Bank (8.06%), Bajaj Holdings (6.93%), Power Grid Corporation (6.09%), Coal India (5.75%), and ICICI Bank (4.78%). These five stocks alone account for over 31% of the fund’s assets, reflecting the fund manager’s conviction in large, stable companies with strong fundamentals and steady cash flows.
Parag Parikh Flexi Cap Fund’s 3, 5 and 10-year returns
Parag Parikh Flexi Cap Fund has delivered a strong performance across timeframes, especially over the long term. Over the last 3 years, the fund has generated an impressive 23.99% annualised return, while the 5-year annualised return stands at 25.29%, reflecting consistent outperformance.
However, what truly stands out is its 10-year return of 18.12% CAGR. This decade-long track record underscores the fund’s ability to create wealth for patient investors, even through periods of volatility.
A lump sum investment of Rs 10 lakh in this fund made 10 years ago would have turned into Rs 52.7 lakh, earning 18.12% CAGR.
SIP returns in 10 years: 20.72%
Likewise, an SIP of Rs 10,000 per month would have grown to Rs 35.8 lakh in 10 years.
Don’t rely only on past returns — Look at the bigger picture
While returns are an important factor to consider, they only tell us how a mutual fund has performed in the past. They don’t guarantee how the fund will do in the future. Markets change, and so do returns. That’s why it’s equally important to look at other factors like the fund manager’s track record, risk level, investment strategy, expense ratio, and consistency of performance. A smart mutual fund investment is one that’s chosen after carefully weighing all these parameters — not just past returns.
Disclaimer: The above content is for informational purposes only. Mutual Fund investments are subject to market risks. Please consult your financial advisor before investing.