Parag Parikh Conservative Hybrid Fund Direct - Gro...
(Scheme Rating)
NAV as of Aug 28, 2024
14.310.02%
(Earn upto 0.30% Extra Returns with Direct Plan)
Fund Category:
Hybrid: Conservative Hybrid
Expense Ratio:
0.33%(0.82% Category
average)Fund Size:
Rs. 2,113.40 Cr(7.06% of Investment in Category)
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Parag Parikh Conservative Hybrid Fund Direct - Growth
(Scheme Rating)
NAV as of Aug 28, 2024
14.310.02%
Expense Ratio:
0.33%
Fund Size:
Rs. 2,113.40 Cr
Fund Category:
Hybrid: Conservative Hybrid
1. Current NAV: The Current Net Asset Value of the Parag Parikh Conservative Hybrid Fund - Direct Plan as of Aug 28, 2024 is Rs 14.31 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 19.73% (1yr), 12.23% (3yr) and 11.63% (since launch). Whereas, Category returns for the same time duration are: 14.55% (1yr), 8.91% (3yr) and 9.14% (5yr).
3. Fund Size: The Parag Parikh Conservative Hybrid Fund - Direct Plan currently holds Assets under Management worth of Rs 2113.4 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.33% for Direct plan as on Aug 08, 2024.
5. Exit Load: Parag Parikh Conservative Hybrid Fund - Direct Plan shall attract an Exit Load, "For units in excess of 10% of the investment,1% will be charged for redemption within 365 days"
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 1000.
Parag Parikh Conservative Hybrid Fund Direct - Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 1.12 4.52 7.59 19.73 12.23 - Category Avg 1.06 4.56 7.37 14.58 8.99 9.21 Rank within Category 14 19 19 3 5 - No. of funds within Category 31 31 31 31 31 27 - Loading...
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Return Comparison
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Parag Parikh Conservative Hybrid Fund Direct - Growth Fund Details
Investment Objective - The scheme seeks to generate regular income through investments predominantly in debt and money market instruments. The scheme also seeks to generate long term capital appreciation from the portion of equity investments under the scheme.
Fund House | PPFAS Mutual Fund |
Launch Date | May 26, 2021 |
Benchmark | CRISIL Hybrid 85+15 Conservative Index |
Return Since Launch | 11.63% |
Riskometer | Moderately High |
Type | Open-ended |
Risk Grade | Low |
Return Grade | Above Average |
Parag Parikh Conservative Hybrid Fund Direct - Growth Investment Details
Minimum Investment (Rs.) | 5,000.00 |
Minimum Additional Investment (Rs.) | 1,000.00 |
Minimum SIP Investment (Rs.) | 1,000.00 |
Minimum Withdrawal (Rs.) | 1,000.00 |
Exit Load For units in excess of 10% of the investment,1% will be charged for redemption within 365 days |
Portfolio Allocation
Equity
Debt
Asset Allocation
Loading...Asset Allocation History
Loading...EquityDebtCashSector Allocation
Loading...Market Cap Allocation
Loading...Concentration & Valuation Analysis
JUL 2024 JUN 2024 MAY 2024 APR 2024 MAR 2024 FEB 2024 Number of Holdings 144 140 142 139 126 132 Top 5 Company Holdings 14.1% 14.09% 13.71% 14.04% 13.9% 14.49% Top 10 Company Holdings 24.92% 24.83% 24.32% 24.68% 23.99% 24.77% Company with Highest Exposure Brookfield India Real Estate Trust REIT (3.57%) Brookfield India Real Estate Trust REIT (3.67%) Brookfield India Real Estate Trust REIT (3.69%) Brookfield India Real Estate Trust REIT (3.67%) Brookfield India Real Estate Trust REIT (3.8%) Brookfield India Real Estate Trust REIT (3.83%) Number of Sectors 6 6 6 6 6 6 Top 3 Sector Holdings 10.94% 10.44% 10.11% 10.26% 9.82% 10.45% Top 5 Sector Holdings 14.25% 13.72% 13.57% 13.78% 13.06% 13.83% Sector with Highest Exposure Energy (6.56%) Energy (6.28%) Energy (5.86%) Energy (6.1%) Energy (5.56%) Energy (5.77%)
Top Stock Holdings
Sector Holdings in MF
Debt Holdings in Portfolio
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) Petronet LNG Energy 2.9 13.92 26.26 66.20 Power Grid Corporation Of India Energy 2.53 19.74 16.88 76.95 Coal India Materials 2.21 8.89 59.34 129.42 ITC Consumer Staples 2.17 30.84 16.38 14.77 Bajaj Auto Automobile 2.04 37.69 286.76 131.70 NMDC Metals & Mining 1.28 11.13 20.11 82.35 Indraprastha Gas Energy 1.13 19.57 27.76 17.44 Swaraj Engines Capital Goods 0.93 28.76 115.37 64.91 HDFC Bank Financial 0.66 18.29 89.60 3.03 Kotak Mahindra Bank Financial 0.41 16.42 108.21 -0.33
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Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Parag Parikh Conservative Hybrid Fund Direct - Growth 14.31 2,113.40 1.05 19.59 12.25 - SBI Conservative Hybrid Fund Direct-Growth 75.44 10,106.55 0.64 15.23 11.37 12.40 Kotak Debt Hybrid Fund Direct -Growth 64.45 2,677.08 1.81 19.80 12.59 13.87 ICICI Prudential Income Optimizer Fund (FOF) Direct- Growth 63.52 274.80 1.22 16.27 12.21 11.78 SBI Retirement Benefit Fund - Conservative Hybrid Plan Direct - Growth 15.53 276.22 0.62 17.83 12.36 -
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
Low Volatality
3.34VS4.00Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
Low Volatality
0.40VS0.57Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Better risk-adjusted returns
1.84VS1.07Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Better risk-adjusted returns
15.35VS7.52Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Better risk-adjusted returns
4.14VS1.31Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Better average monthly returns
11.66VS9.68Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Fund Manager
- R.T.Rajeev ThakkarSince May 20214 schemes
- R.O.Raunak OnkarSince May 20214 schemes
- R.M.Raj MehtaSince May 20215 schemes
- R.T.Rukun TarachandaniSince May 20224 schemes
- M.K.Mansi KariyaSince Dec 20235 schemes
Mr.Thakkar is a Chartered Accountant, Cost Accountant, CFA, and CFP. He has been associated with PPFAS AMC since 2013.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Parag Parikh ELSS Tax Saver Fund Direct - Growth ELSS 32.49 4,016.58 38.92 Parag Parikh Flexi Cap Fund Direct-Growth Flexi Cap 85.53 75,956.22 40.61 Parag Parikh Dynamic Asset Allocation Fund Direct - Growth Dynamic Asset Allocation 10.82 Unrated 888.24 - Parag Parikh Arbitrage Fund Direct - Growth Arbitrage 10.65 Unrated 892.32 - Mr.Onkar is an MMS (Finance) from the University of Mumbai. He joined PPFAS as a research analyst. He was appointed as Head- research in the year 2011. He is working with the company as an Associate Fund Manager.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Parag Parikh ELSS Tax Saver Fund Direct - Growth ELSS 32.49 4,016.58 38.92 Parag Parikh Flexi Cap Fund Direct-Growth Flexi Cap 85.53 75,956.22 40.61 Parag Parikh Dynamic Asset Allocation Fund Direct - Growth Dynamic Asset Allocation 10.82 Unrated 888.24 - Parag Parikh Arbitrage Fund Direct - Growth Arbitrage 10.65 Unrated 892.32 - Mr. Mehta is a Commerce Graduate from University of Mumbai (N.M. College) ; Fellow Member of Institute of Chartered Accountants of India (ICAI) ; CFA Charter Holder. Beginning his career as an intern with PPFAS Mutual Fund in 2012, he swiftly moved up the ranks, and is currently part of the Fund Management team.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Parag Parikh ELSS Tax Saver Fund Direct - Growth ELSS 32.49 4,016.58 38.92 Parag Parikh Flexi Cap Fund Direct-Growth Flexi Cap 85.53 75,956.22 40.61 Parag Parikh Liquid Fund Direct - Growth Liquid 1,379.88 2,245.78 7.03 Parag Parikh Dynamic Asset Allocation Fund Direct - Growth Dynamic Asset Allocation 10.82 Unrated 888.24 - Parag Parikh Arbitrage Fund Direct - Growth Arbitrage 10.65 Unrated 892.32 - Mr. Tarachandani has done B Tech (Information Technology), PGPM (Finance), CFA and CQF. Prior to joining PPFAS Mutual Fund, he has worked with Kotak Mutual Fund, Goldman Sachs, Unnati Investment Management & Research Group.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Parag Parikh ELSS Tax Saver Fund Direct - Growth ELSS 32.49 4,016.58 38.92 Parag Parikh Flexi Cap Fund Direct-Growth Flexi Cap 85.53 75,956.22 40.61 Parag Parikh Dynamic Asset Allocation Fund Direct - Growth Dynamic Asset Allocation 10.82 Unrated 888.24 - Parag Parikh Arbitrage Fund Direct - Growth Arbitrage 10.65 Unrated 892.32 - Ms. Karia has done B.Com, MS Finance and CFA Prior to joining PPFAS AMC, she has worked with Insync and Zacks Investment Research
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Parag Parikh ELSS Tax Saver Fund Direct - Growth ELSS 32.49 4,016.58 38.92 Parag Parikh Flexi Cap Fund Direct-Growth Flexi Cap 85.53 75,956.22 40.61 Parag Parikh Liquid Fund Direct - Growth Liquid 1,379.88 2,245.78 7.03 Parag Parikh Dynamic Asset Allocation Fund Direct - Growth Dynamic Asset Allocation 10.82 Unrated 888.24 - Parag Parikh Arbitrage Fund Direct - Growth Arbitrage 10.65 Unrated 892.32 -
More PPFAS Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Parag Parikh Flexi Cap Fund Direct-Growth | 58,900.52 | 0.48 | 8.52 | 17.05 | 41.81 | 23.37 | |
Parag Parikh ELSS Tax Saver Fund Direct - Growth | 2,997.16 | 1.28 | 7.64 | 15.18 | 34.78 | 23.66 | |
Parag Parikh Liquid Fund Direct - Growth | 2,014.41 | 0.57 | 1.73 | 3.42 | 6.87 | 5.11 | |
Parag Parikh Conservative Hybrid Fund Direct - Growth | 1,862.59 | 1.29 | 5.57 | 8.59 | 18.39 | - | |
Parag Parikh Arbitrage Fund Direct - Growth | 370.76 | 0.63 | 2.07 | - | - | - | |
Parag Parikh Dynamic Asset Allocation Fund Direct - Growth | 169.77 | - | - | - | - | - |
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1. Parag Parikh Conservative Hybrid Fund - Direct Plan is Open-ended Conservative Hybrid Hybrid scheme which belongs to PPFAS Mutual Fund House.
2. The fund was launched on May 26, 2021.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate regular income through investments predominantly in debt and money market instruments. The scheme also seeks to generate long term capital appreciation from the portion of equity investments under the scheme. "
2. It is benchmarked against CRISIL Hybrid 85+15 Conservative Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 15.18% in equities, 75.06% in debts and 2.75% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 16.33% of the assets, the top 3 sectors constitute around 10.94% of the assets.
3. The fund largely follows a Blend oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
4. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
Tax Implications on Parag Parikh Conservative Hybrid Fund Direct - Growth
Hybrid funds which usually invest 65% or more in equity & equity-related instruments will be taxed like Equity funds and those which invest up to 35% in equity & equity-related instruments will be taxed like the new taxation structure of debt funds. Also, the hybrid funds which invest between 35-65% in equity & equity-related instruments will be taxed as per the old taxation structure of debt funds. Generally, tax implications are based on the average asset allocation of the last 12 months in which the fund has invested. However, since the market is dynamic, asset allocation towards equity may increase or decrease depending on the prevailing market & economic conditions. So, the tax treatment of the given fund will vary accordingly and will be determined by its asset allocation. Below are the tax implications from the equity as well as debt side:
For Hybrid funds with 65% and above allocation in equity & equity related instruments:
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of up to Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
For Hybrid funds with 35-65% allocation in equity & equity related instruments:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
For Hybrid funds with 0-35% allocation in equity & equity related instruments:
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
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FAQs about Parag Parikh Conservative Hybrid Fund Direct - Growth
- Is it safe to invest in Parag Parikh Conservative Hybrid Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Parag Parikh Conservative Hybrid Fund - Direct Plan comes under Moderately High risk category.
- What is the category of Parag Parikh Conservative Hybrid Fund - Direct Plan?Parag Parikh Conservative Hybrid Fund - Direct Plan belongs to the Hybrid : Conservative Hybrid category of funds.
- How Long should I Invest in Parag Parikh Conservative Hybrid Fund - Direct Plan?The suggested investment horizon of investing into Parag Parikh Conservative Hybrid Fund - Direct Plan is 1 – 3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Parag Parikh Conservative Hybrid Fund - Direct Plan?The Parag Parikh Conservative Hybrid Fund - Direct Plan is managed by Rajeev Thakkar (Since May 07, 2021) , Raunak Onkar (Since May 07, 2021) , Raj Mehta (Since May 07, 2021) , Rukun Tarachandani (Since May 16, 2022) and Mansi Kariya (Since Dec 22, 2023).
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