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PPFAS Mutual Funds: Fund Performance, NAV, Returns & Schemes 2026

PPFAS Asset Management Private Limited is the investment manager of PPFAS Mutual Fund and is sponsored by Parag Parikh Financial Advisory Services Limited. As of August 2026, the AMC offered seven schemes across flexi-cap, large-cap, ELSS, liquid, conservative hybrid, arbitrage and dynamic asset allocation categories. Its flagship Parag Parikh Flexi Cap Fund had an AUM of ₹1,47,404.51 cr as of 31 August 2026, making it one of India's largest actively managed equity schemes.

Top PPFAS Mutual Funds - SIP Schemes, Performance, Returns 2026

Top PPFAS Mutual Funds in India (2025)

Here's the list of top Parag Parikh mutual funds across equity, debt, hybrid funds offered by PPFAS Asset Management Pvt. Ltd.

Created by

@82600328260032

Showing 1 - 7 of 7 results

last updated at 8:00 AM IST 
NameMFs (7)↓↓Sub CategorySub Category↓↓PlanPlan↓↓AUMAUM↓↓AMCAMC↓↓NAVNAV↓↓Absolute Returns - 3MAbsolute Ret. - 3M↓↓Absolute Returns - 1YAbsolute Ret. - 1Y↓↓CAGR 3YCAGR 3Y↓↓Base Exp. RatioBase Exp. Ratio↓↓Exit LoadExit Load↓↓VolatilityVolatility↓↓Sharpe RatioSharpe Ratio↓
1.Parag Parikh Flexi Cap Fund
Parag Parikh Flexi Cap Fund
Flexi Cap Fund
Flexi Cap Fund
Growth
Growth
1,45,070.50
1,45,070.50
PPFAS Asset Management Pvt. Ltd.
PPFAS Asset Management Pvt. Ltd.
88.93
88.93
-1.56
-1.56
-4.55
-4.55
12.42
12.42
0.53
0.53
2.00
2.00
9.14
9.14
-0.98
-0.98
2.Parag Parikh ELSS Tax Saver Fund
Parag Parikh ELSS Tax Saver Fund
Equity Linked Savings Scheme (ELSS)
Equity Linked Savings Scheme (ELSS)
Growth
Growth
5,400.57
5,400.57
PPFAS Asset Management Pvt. Ltd.
PPFAS Asset Management Pvt. Ltd.
30.43
30.43
-4.39
-4.39
-11.18
-11.18
8.06
8.06
0.54
0.54
-
-
11.07
11.07
-1.51
-1.51
3.Parag Parikh Liquid Fund
Parag Parikh Liquid Fund
Liquid Fund
Liquid Fund
Growth
Growth
5,228.31
5,228.31
PPFAS Asset Management Pvt. Ltd.
PPFAS Asset Management Pvt. Ltd.
1,578.44
1,578.44
1.58
1.58
6.48
6.48
6.70
6.70
0.09
0.09
0.01
0.01
0.15
0.15
-0.99
-0.99
4.Parag Parikh Conservative Hybrid Fund
Parag Parikh Conservative Hybrid Fund
Conservative Hybrid Fund
Conservative Hybrid Fund
Growth
Growth
3,453.72
3,453.72
PPFAS Asset Management Pvt. Ltd.
PPFAS Asset Management Pvt. Ltd.
15.98
15.98
-0.73
-0.73
3.11
3.11
9.16
9.16
0.24
0.24
1.00
1.00
2.68
2.68
-0.49
-0.49
5.Parag Parikh Arbitrage Fund
Parag Parikh Arbitrage Fund
Arbitrage Fund
Arbitrage Fund
Growth
Growth
2,749.88
2,749.88
PPFAS Asset Management Pvt. Ltd.
PPFAS Asset Management Pvt. Ltd.
12.19
12.19
1.47
1.47
6.45
6.45
-
-
0.19
0.19
0.25
0.25
1.39
1.39
1.39
1.39
6.Parag Parikh Dynamic Asset Allocation Fund
Parag Parikh Dynamic Asset Allocation Fund
Dynamic Asset Allocation Fund
Dynamic Asset Allocation Fund
Growth
Growth
2,574.82
2,574.82
PPFAS Asset Management Pvt. Ltd.
PPFAS Asset Management Pvt. Ltd.
11.73
11.73
-0.97
-0.97
2.35
2.35
-
-
0.23
0.23
1.00
1.00
2.88
2.88
-0.71
-0.71
7.Parag Parikh Large Cap Fund
Parag Parikh Large Cap Fund
Large Cap Fund
Large Cap Fund
Growth
Growth
866.24
866.24
PPFAS Asset Management Pvt. Ltd.
PPFAS Asset Management Pvt. Ltd.
9.04
9.04
-5.38
-5.38
-
-
-
-
0.14
0.14
-
-
15.31
15.31
-1.21
-1.21
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Analyse PPFAS Mutual Funds Further

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Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Mutual Fund Screener and is subject to real-time updates.

Selection criteria: AMC: PPFAS Asset Management Private Limited | AUM: Sorted from Highest to Lowest ​

What are PPFAS Mutual Funds?

Parag Parikh Mutual Fund, managed by PPFAS Asset Management Private Limited, offers professionally managed investment schemes that pool money from investors to invest across equity, debt, and hybrid assets. Known for its long-term, value-driven philosophy, the fund house follows a disciplined approach focused on quality businesses, reasonable valuations, and global diversification. PPFAS Mutual Fund aims to create sustainable wealth by aligning investors’ interests with prudent portfolio management and a transparent, investor-first strategy.

Key Information About PPFAS Asset Management Private Limited

Here are the key details about PPFAS Asset Management Private Limited-

Category Details
AMC Name PPFAS Asset Management Private Limited (PPFAS AMC)
Setup / Incorporation Date Setup: 10 October 2012; Incorporated: 08 August 2011
Sponsor Parag Parikh Financial Advisory Services Pvt. Ltd.
Number of Schemes 6 schemes
AUM / Assets Under Management ~ ₹1,36,756.73 crs (as per recent data)
CEO / Managing Director Neil Parag Parikh
CIO / Equity Head Rajeev Thakkar
Trustee Company PPFAS Trustee Company Private Limited
Headquarters / Base Mumbai, India

Types of Funds Offered by PPFAS Mutual Fund

PPFAS Equity Funds

PPFAS Asset Management Company offers two equity-oriented schemes - Parag Parikh Flexi Cap Fund and Parag Parikh ELSS Tax Saver Fund. Both follow a value-investing philosophy, focusing on fundamentally strong companies across Indian and global markets. These funds aim for long-term capital appreciation, with the ELSS variant also providing tax benefits under Section 80C.

PPFAS Hybrid Fund

The AMC offers one hybrid scheme - Parag Parikh Conservative Hybrid Fund. This fund invests in a mix of equity and high-quality debt instruments to achieve a balance between growth and capital preservation. It is suitable for investors with a moderate risk appetite seeking stable returns with controlled volatility.

PPFAS Debt / Liquid Fund

PPFAS manages one debt-oriented scheme - Parag Parikh Liquid Fund. This fund focuses on short-term money market and debt instruments with high credit quality, offering liquidity and minimal risk. It serves as an efficient parking option for surplus cash while ensuring steady short-term returns.

Overview of the Top PPFAS Mutual Fund Schemes

Parag Parikh Flexi Cap Fund

Parag Parikh Flexi Cap Fund invests across large, mid, and small-cap companies in India and abroad. It follows a value-investing approach, focusing on quality businesses with strong fundamentals and reasonable valuations, aiming for long-term wealth creation through diversification and disciplined portfolio management.

Parag Parikh ELSS Tax Saver Fund

Parag Parikh ELSS Tax Saver Fund is an equity-linked savings scheme offering tax benefits under Section 80C. It invests primarily in equities across sectors and market caps, combining long-term growth potential with a mandatory three-year lock-in period to encourage disciplined investing.

Parag Parikh Liquid Fund

Parag Parikh Liquid Fund invests in high-quality money market instruments and short-term debt securities to offer high liquidity and capital protection. It is ideal for investors seeking a low-risk, short-duration investment option for parking surplus funds while earning better returns than savings accounts.

Parag Parikh Conservative Hybrid Fund

Parag Parikh Conservative Hybrid Fund combines equity and debt instruments to balance growth and stability. It aims to generate regular income with moderate capital appreciation, making it suitable for conservative investors who prefer steady returns and lower volatility in a single diversified portfolio.

Parag Parikh Dynamic Asset Allocation Fund

Parag Parikh Dynamic Asset Allocation Fund dynamically shifts between equity and debt based on market conditions. It seeks to optimise risk-adjusted returns through active asset allocation and disciplined rebalancing, appealing to investors who want flexibility and reduced exposure to market fluctuations.

How to Invest in PPFAS Mutual Funds?

Here’s how you can identify and invest in top PPFAS Mutual Funds with Tickertape Mutual Fund Screener -

  1. Launch Tickertape Mutual Fund Screener.
  2. Add a filter “AMC” and select “PPFAS Asset Management Pvt Ltd”.
  3. Sort out the top PPFAS mutual funds based on over 50 fundamental and technical filters.
  4. After identifying the PPFAS mutual funds, that align with your investment thesis, click on “Place Order” to invest the PPFAS mutual funds.

With Tickertape Mutual Fund Screener, you can invest ‘lumpsum’ or start a ‘SIP’ in PPFAS mutual funds. Moreover, by connecting your portfolio , you can do a deep analysis of your portfolio and assess its performance.

Top PPFAS Mutual Fund Managers

Raunak Onkar

Raunak Onkar is a fund manager and Head of Research at PPFAS AMC, Raunak Onkar has been with the organisation since 2008. He plays a key role in equity research and portfolio strategy, co-managing the firm's equity. His investment philosophy centres on identifying quality businesses and maintaining conviction-led, patient investing.

Raj Mehta

Raj Mehta is an Executive Vice President and Fund Manager (Equity), Raj Mehta has grown with PPFAS since joining as an intern. With expertise in equity analysis and portfolio construction, he helps manage core equity schemes at the AMC. His disciplined approach supports the firm's long-term, fundamentals-driven investment philosophy.

Rukun Tarachandani

He’s an Executive Vice President and Fund Manager (Equity) at PPFAS AMC, Rukun Tarachandani brings extensive experience from leading institutions like Goldman Sachs and Kotak. He focuses on identifying scalable mid-cap and small-cap ideas, contributing to diversified portfolio management and bottom-up stock selection.

Risks Associated with PPFAS Mutual Funds

Equity Concentration

Parag Parikh Flexi Cap Fund managed ₹1.47 lakh cr as of August 2026, making portfolio deployment increasingly important. Large positions can magnify the impact of stock-specific corrections even within a diversified flexi-cap structure.

Foreign Market Risk

Parag Parikh Flexi Cap Fund can invest in overseas equities, exposing investors to foreign-market movements and currency fluctuations. Changes in US valuations or rupee-dollar movements can therefore influence returns alongside the fund’s domestic holdings.

Interest Rate Risk

Parag Parikh Conservative Hybrid Fund had a modified duration of 3.55 years and portfolio YTM of 7.36% in August 2026. Changes in bond yields can therefore affect the debt portion of its NAV.

Arbitrage Risk

Parag Parikh Arbitrage Fund had 71.01% outstanding derivative exposure in August 2026. Its returns depend on cash-futures spreads, which can narrow during certain market conditions and reduce available arbitrage opportunities.

Liquidity Risk

Parag Parikh Liquid Fund invests in short-term debt and money-market securities, but these instruments are not risk-free. During stressed markets, liquidity can weaken, potentially affecting valuations, reinvestment opportunities and redemption management.

Return Variability

Returns vary substantially across PPFAS schemes. In August 2026, Parag Parikh Conservative Hybrid Fund delivered 5.94% over one year under the direct plan, while its five-year CAGR stood at 9.62%.

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Factors to Consider Before Investing in PPFAS Mutual Funds

Scheme Category

PPFAS offers equity, liquid, ELSS, conservative hybrid and arbitrage strategies, among others. Investors should first identify whether a scheme’s asset allocation and objective match their intended horizon rather than comparing PPFAS funds solely by returns.

Fund Size

Parag Parikh Flexi Cap Fund had ₹1,47,404.51 cr in AUM as of August 2026. At this scale, investors can monitor how effectively the fund deploys incremental flows without materially altering its investment approach.

Portfolio Strategy

Parag Parikh Flexi Cap Fund combines Indian equities, foreign equities and debt securities. Investors should understand how this cross-market strategy affects sector exposure, currency sensitivity and diversification compared with a domestic-only equity fund.

Duration Exposure

For debt-oriented schemes, portfolio duration is an important consideration. Parag Parikh Conservative Hybrid Fund’s modified duration was 3.55 years in August 2026, indicating meaningful sensitivity to interest-rate movements.

Expense Ratio

Costs differ across PPFAS schemes and plans. In August 2026, Parag Parikh Conservative Hybrid Fund charged 0.54% under the regular plan and 0.24% under the direct plan, affecting net returns over longer holding periods.

Exit Load

Exit-load structures vary by scheme. Parag Parikh Conservative Hybrid Fund charged 1% on redemptions beyond the permitted limit within one year, while Parag Parikh Arbitrage Fund charged 0.25% within 30 days.

Documents Required to Invest in PPFAS Mutual Fund

Here are a few documents you may require to invest in PPFAS Mutual Funds

For Individual Investors:

  1. PAN Card
  2. Aadhaar Card or other valid ID (Passport, Voter ID, or Driving License)
  3. Address Proof (Aadhaar, Passport, Utility Bill, or Bank Statement)
  4. Cancelled Cheque or Bank Statement showing IFSC and account number
  5. Two Passport-sized Photographs
  6. Signature Verification on the application or KYC form

For NRI Investors:

  1. PAN Card
  2. Valid Passport with Visa or Residence Permit
  3. Overseas Address Proof (Utility Bill or Bank Statement)
  4. NRE/NRO Bank Account Proof (Cancelled Cheque or Statement)
  5. Two Passport-sized Photographs

Note: For the latest and complete list of KYC and investment documents, please visit the official PPFAS AMC website.

Conclusion

PPFAS Mutual Fund stands out for its value-driven investment philosophy, global diversification, and transparent fund management approach. Investors comparing schemes such as the Parag Parikh Large Cap Fund can use Tickertape’s Mutual Fund Screener to assess portfolio composition, risk, costs, and historical performance.

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Frequently Asked Questions on PPFAS Mutual Funds

  1. How to start a PPFAS Mutual Fund SIP online?

    You can start a SIP through the Parag Parikh Mutual Fund website, smallcase or Tickertape after completing your KYC. Select a scheme, set your SIP amount, frequency and duration, and make your payment online.

  2. How to calculate PPFAS mutual fund returns?

    You can calculate returns using the formula: (Current Value – Invested Amount) ÷ Invested Amount × 100. Alternatively, investors can check the latest PPFAS NAV and CAGR-based performance on the AMC website or Tickertape’s Mutual Fund Screener.

  3. Does PPFAS Mutual Fund offer tax-free mutual fund schemes?

    PPFAS offers the Parag Parikh Equity Linked Savings Scheme (ELSS), earlier associated with the Parag Parikh Long Term Equity Fund name. Eligible investments may qualify for Section 80C deductions, subject to prevailing tax rules.

  4. How can I cancel the ongoing SIP in a PPFAS Mutual Fund scheme?

    You can cancel your SIP by logging into the Parag Parikh AMC website or the investment platform used. Select the SIP, choose the cancellation option and confirm the request before the applicable processing cut-off.

  5. How to withdraw money from PPFAS Mutual Fund?

    You can make withdrawals online through the AMC website or investment platform. Investors holding schemes such as Parag Parikh Flexi Cap can select the fund, enter the redemption amount and submit the request.

  6. What are the redemption charges of the PPFAS Mutual Fund?

    Exit-load rules vary across PPFAS schemes and holding periods. Investors in the Parag Parikh Flexi Cap Fund, for example, should check the latest Scheme Information Document for applicable redemption charges before submitting a withdrawal request.

  7. Which are the top-performing funds of PPFAS Mutual Fund?

    Here are some PPFAS mutual funds based on their 5Y CAGR:

    1. Parag Parikh Flexi Cap Fund
    2. Parag Parikh ELSS Tax Saver Fund
    3. Parag Parikh Liquid Fund
    4. Parag Parikh Conservative Hybrid Fund
    5. Parag Parikh Dynamic Asset Allocation Fund

  8. How to increase the SIP amount in PPFAS Mutual Funds?

    You can increase your SIP by setting up an additional SIP with a higher amount or opting for a Step-Up SIP, which automatically increases your contribution each year. This helps investors gradually scale their investments in line with income growth.

  9. How to choose the best PPFAS Mutual Funds before investing?

    Investors can compare performance history, portfolio composition, expense ratio, risk and investment horizon before evaluating a Parag Parikh Mutual Fund scheme. Tickertape’s Mutual Fund Screener can also help compare risk-adjusted returns and underlying holdings.

Disclaimer: This article is for informational purposes only. The content of the article including securities/investment products mentioned if any, should not in any manner be construed as an investment advice, recommendation, offer, solicitation to buy/hold/sell any securities/investment products. The securities quoted if any, are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered financial advisor before investing.