Parag Parikh Flexi Cap Fund – Inflows Fall 77% as Fund Deploys Cash Into New Opportunities

Expert Analysis:

• Sharp decline in inflows: Estimated monthly inflows into Parag Parikh Flexi Cap Fund fell from nearly ₹3,950 Cr in March to ₹900 Cr in September 2026, a decline of approximately 77%. However, inflows remained positive.

• Cash deployment increases: Cash and cash equivalents declined from 18.94% of the portfolio in March to 9.77% in September, as the fund deployed capital into selected investment opportunities.

• Portfolio changes: DLF was the largest addition to core equity holdings in September, at 1.81% of AUM. The fund also added to Mahindra & Mahindra, Indus Towers and Bharti Airtel, while increasing its exposure to REITs and InvITs.

• Performance remains mixed: The fund's regular plan delivered a one-year return of -4.14%, compared with -2.03% for the Nifty 500 TRI benchmark, but outperformed over three, five and ten years.