Portfolio of the Parag Parikh Flexi Cap fund: The Open-End Share Program which allows an investor to diversify their portfolio through overseas equity investments underwent three major changes in August 2022. First, the program improved its cash component from 9.40 % to 10.08%, second the flagship program added NDMC to its portfolio and the third development is the reduction of overseas exposure from 21.68% to 20.37%.

Here we list the details regarding the latest 3 changes to the portfolio of the Parag Parikh Flexi Cap Fund:

1]Increase in the cash component: According to the open-ended equity fund’s datasheet, the cash component increased in the month of August 2022. Now, after August, its cash exposure stands at 10.08%, which s amounted to 9.40% after July 2022. Therefore, the flagship program increased the cash exposure by around 0.68% in August 2022. Assets under management (AUM) under the Parag Parikh Flexi Cap Fund at the end of August now amounts to 25,996.18 which amounted to 24,594.84 crores after the end of July.

2]Added NDMC to Wallet: The open-ended equity fund added NDMC to its portfolio in August, which is the only addition to Parag Parikh Flexi Cap Fund’s portfolio.

3]Reduced exposure to global equities: In August 2022, Parag Parikh Flexi Cap Fund reduced its exposure to international equities. At the end of July 2022, the global equity exposure of this perpetual global equity plan was 21.68%, compared to 20.37% at the end of August 2022. This means that the plan has reduced its equity exposure global and increased domestic cash and equity participation. However, he increased his stake in Amazon and Maruti.

Since its inception in May 2013, Parag Parikh Flexi Cap Fund has yielded a CAGR of 18.45% whereas over the past three years, this open-ended equity fund has yielded a CAGR of 24.34%. Since May 2013, the Nifty 500 and Nifty 50 indices have returned around 18.45% and 13.90% respectively. Therefore, this equity program has generated an alpha return since its inception.

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