Parag Parikh Flexi Cap Fund Delivers 482% in 10 Years; ₹10,000 SIP Grows to ₹33 Lakh

The Parag Parikh Flexi Cap Fund – Direct Plan – Growth has delivered consistent returns over the last decade. The fund has outperformed both its benchmark, NIFTY 500 TRI, and its category average across 3-year, 5-year and 10-year periods.

However, investors should remember that past performance does not guarantee future returns. Equity mutual funds carry market risks and require a long-term approach.

Parag Parikh Flexi Cap Fund Return Comparison (CAGR)

The fund has beaten both the benchmark and category average across all three timeframes.

Lump Sum Investment Growth

If an investor had invested ₹1 lakh:

• 3 Years: Grew to ₹1,76,694
• 5 Years: Grew to ₹2,33,242
• 10 Years: Grew to ₹5,80,877

This shows strong wealth creation over the long term.

SIP Investment Performance

A disciplined SIP has delivered impressive results:

• 3-Year SIP (₹10,000/month)
  ₹3.6 lakh invested → ₹4,40,121
• 5-Year SIP (₹10,000/month)
  ₹6 lakh invested → ₹8,95,398
• 10-Year SIP (₹10,000/month)
  ₹12 lakh invested → ₹32,83,346

The 10-year SIP return of 19.20% shows how regular investing can build significant wealth over time.

Fund Details

• Fund House: PPFAS Mutual Fund
• Launch Date: 24 May 2013
• Since Launch Return: 19.10% CAGR
• Fund Type: Open-ended
• AUM: ₹1,33,970 crore (as of 31 Jan 2026)
• Expense Ratio: 0.63%

Risk Measures

• Standard Deviation: 8.29%
• Sharpe Ratio: 1.68
• Sortino Ratio: 2.59
• Beta: 0.59
• Alpha: 8.07

A Sharpe ratio above 1 and positive alpha suggest good risk-adjusted returns. A beta below 1 indicates lower volatility compared to the broader market.

Sector Allocation

The fund is diversified but has higher exposure to:

• Financials – 26.13%
• Technology – 19.55%
• Consumer Discretionary – 9.70%
• Energy & Utilities – 6.20%
• Consumer Staples – 5.78%

Exposure to Industrials and Real Estate is relatively low.

Top Holdings

Major investments include:

• HDFC Bank – 8.04%
• Power Grid Corporation of India – 6.00%
• Coal India – 5.26%
• ITC – 5.05%
• ICICI Bank – 4.99%

The portfolio mainly focuses on strong large-cap companies, especially in the financial and energy sectors.

Also Read: How to Increase SIP Investments After a Pay Raise?

What Should Investors Keep in Mind?

• The fund is classified as Very High Risk.
• Equity markets can be volatile in the short term.
• Returns can fluctuate based on market conditions.
• Investment decisions should match your risk appetite and time horizon.

Conclusion

Parag Parikh Flexi Cap Fund has built a 10-year track record, delivering around 19% annual returns and turning a ₹10,000 SIP into nearly ₹33 lakh. While the long-term numbers are strong, investors should focus on disciplined investing, diversification and risk management before making any investment decision.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a private recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.