Documentation

Research: Parag Parikh Comparison

This page is the product-ready version of the comparison: it anchors the public fund side to an exact 10-year window and then places our research run beside it with the full strategy context that matters to an operator.

Exact 10-year coverage
The benchmark window is calendar-accurate: 2016-06-29 to 2026-06-29. That is the highlight, because it avoids cherry-picked start dates and gives the product a clean public comparison frame.

Public benchmark

SchemeParag Parikh Flexi Cap Fund - Direct Plan - Growth
BenchmarkAMFI Tier I Benchmark Index - Nifty 500 TRI
AllotmentMay 24, 2013
10-year NAV move17.4234 to 90.0430
10-year CAGR17.85%
AUM reference141,446.73 crore as of May 31, 2026

Our research run

StrategyCombined NIFTY 500 backtest
Window2016-01-01 to 2026-06-29
ModePoint-in-time universe, monthly rebalance, yfinance data
Gross CAGR26.30%
Net-of-tax CAGR23.68%
Risk noteMax drawdown -29.45% net-of-tax, Sharpe 1.11 net-of-tax

Return comparison

The chart below compares annualized return, not total return. That is the cleanest way to compare an exact 10-year public fund series with a slightly longer internal research run.

Parag Parikh Flexi Cap Fund Direct Plan
Exact 10-year CAGR
17.85%
NAV 17.4234 on 2016-06-29 to 90.0430 on 2026-06-29
Combined strategy report
Gross CAGR
26.30%
Internal report window: 2016-01-01 to 2026-06-29
Combined strategy report
Net-of-tax CAGR
23.68%
Costs and Indian equity taxes modeled in the backtest

Why this belongs in the product

  • It gives the user a public benchmark on an exact calendar window.
  • It keeps the research run visible with strategy labels, costs, taxes, and risk.
  • It avoids the weak version of the story where a comparison is built on a hand-picked month.

Source note

Public fund data comes from the PPFAS scheme page, PPFAS factsheet, and the public NAV history API for scheme code 122639. Internal strategy data comes from the combined backtest report.

Official sources: Scheme page and scheme AUM/NAV page.