Parag Parikh Dynamic Asset Allocation Fund
This is the Regular plan of Parag Parikh Dynamic Asset Allocation Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is distributed monthly and reinvested in more units, which is why this NAV sits below the growth plan of the same fund.
This is the IDCW (dividend) option — it pays its earnings out as dividends rather than reinvesting them, so every payout steps the NAV down and the return figures below leave those payouts out. Your actual return was higher by whatever was distributed. That’s expected for a payout plan, not missing data.
View the Growth plan for compounded returnsPerformance
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk and benchmark ratios
Fund vs category average (Dynamic Asset Allocation or Balanced Advantage)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -0.73% | — | — |
| 3M abs | -1.46% | — | — |
| 6M abs | -0.51% | — | — |
| 1Y CAGR | -3.00% | — | — |
| 3Y CAGR | — | — | — |
| 5Y CAGR | — | — | — |
Category average across peers in Dynamic Asset Allocation or Balanced Advantage, same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
12 monthly installments of ₹10,000 into Parag Parikh Dynamic Asset Allocation Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | Nifty 50 TRI | Diff | |
|---|---|---|---|---|
| 2026part | -3.92% | -12.85% | +8.93% | |
| 2025 | +2.57% | +11.97% | -9.40% | |
| 2024part | +1.14% | — | — |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.
Taxation
Taxed as equityThis is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.
Flat, on the whole gain
On gains above ₹1.25 L per financial year
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Debt56.80%
- Equity22.47%
- Real Estate / REITs13.53%
- Cash & Equivalents4.49%
- Other2.71%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹2,726Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.
Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.
AMC Profile
PPFAS Mutual Fund is run by PPFAS Asset Management, part of Parag Parikh Financial Advisory Services, and launched its first scheme in 2013. It is known for a value-oriented, low-churn approach, a deliberately small number of schemes, and holding overseas equities alongside Indian ones.
Fund Managers
RTRajeev ThakkarManaging since 27 Feb 2024
Chief Investment Officer and Equity Fund Manager
B. Com. (Bombay University) Chartered Accountant CFA Charter Holder Grad ICWA
Till March 2012 he was acting as a Chief Executive Officer of PPFAS (Sponsor Company). He joined the company in 2001. He started his career in the year Parag 1994 and he has experience of working in areas like; merchant banking, managing fixed income portfolio, broking operations, PMS operations for over two decades. He was functioning as a Fund Manager for PMS service of PPFAS managing a portfolio of around Rs. 300 crores. He is acting as a Chief Investment Officer and Equity Fund Manager to the Company. He has more than 10 years of experience in the capital market. ELSS Tax Saver He started his career with Parag Parikh Financial Advisory Services Limited, following his internship, in the year 2009. 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 Dedicated Fund Manager for the Overseas Investment.
RORaunak OnkarManaging since 27 Feb 2024
Dedicated Fund Manager for Overseas Investments and Head - Research
Bsc. IT (Bombay University) MMS- Finance (Bombay University)
He has more than 10 years of experience in the capital market. He started his career with Parag Parikh Financial Advisory Services Limited, following his internship, in the year 2009. 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 Dedicated Fund Manager for the Overseas Investment.
RTRukun TarachandaniManaging since 27 Feb 2024
Executive Vice President & Fund Manager - Equity
10 Years
Post Graduate Diploma in Management (Specialization: Finance)
He is appointed as an Additional Fund Manager - Equity with effect from May 16, 2022. Mr. Rukun Tarachandani
RMRaj MehtaManaging since 01 Sep 2025
Executive Vice President & Fund Manager - Debt
B.Com (Mumbai University), M.Com (Mumbai University), Chartered Accountant, CFA Level III Pass. Post Graduate Diploma in Management (Specialization: Finance)
He is appointed as a Debt Fund Manager of the Parag Parikh Flexi Cap Fund w.e.f 27th January 2016. He has collectively over 8 years of Parikh Conservative Hybrid experience in investment research. He started his career with PPFAS Asset Management Pvt Ltd as an intern in 2012. Following which, he joined the company as a Research Analyst in 2013. He is appointed as an Additional Fund Manager - Equity with effect from May 16, 2022.
TSTejas SomanManaging since 01 Sep 2025
Chief Investm ent Officer - Debt & Fund Manage r - Debt
Mr. Tejas Soman has spent over a decade in the fixed income markets. Prior to PPFAS, He worked with SBI Funds Management Ltd. as a Fund Manager, where he managed a range of fixed income portfolios. He has also worked with Yes Bank in its primary dealership unit, STCI Primary Dealership, and PricewaterhouseCoopers in tax and regulatory advisory. He holds his post-graduation in securities markets from National Institute of Securities Markets (NISM).
MKMansi KariyaManaging since 27 Feb 2024
Associate Vice President & Fund Manager- Debt
Ms. Kariya is a Fund Manager - Debt with effect from December 22, 2023 She had joined PPFAS Asset Management Private Limited in 2018 as Debt Dealer. In her previous roles, she has also worked as a research associate and senior executive debt products for 3.5 years.
Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.
Explore from here
PPFAS in the news
Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.
PPFAS AMC announces addition of new branch office
Investment Guru India · 10d ago
PPFAS and SBI MF among 6 mutual funds with over Rs 10,000 crore cash in August
The Economic Times · 17d ago
PPFAS Tax Saver vs Flexi Cap Fund: Same stocks but different returns. Which one performed better and why
livemint.com · 25d ago
PPFAS Flexi Cap, Large Cap funds can now invest in gold, silver ETFs: What changes for investors
Business Today · 01 Sep 2026
Overlapping 39 stocks: How Rajeev Thakkar’s two PPFAS equity schemes stand apart
Business Today · 31 Aug 2026
PPFAS Mutual Fund announces feature changes across 5 funds, including flexicap, largecap
livemint.com · 29 Aug 2026
PPFAS Mutual Fund announces feature changes across 5 funds, including flexicap, largecap
The Economic Times · 28 Aug 2026
PPFAS GIFT reduces minimum investment in its two outbound passive funds to $500
The Economic Times · 25 Aug 2026
Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
About Balanced Advantage funds
Balanced advantage (dynamic asset allocation) funds move between equity and debt based on market valuations, adding more stocks when they look cheap and trimming when they look dear. The goal is a smoother ride.
Frequently asked questions
What is the NAV of Parag Parikh Dynamic Asset Allocation Fund?
As of 01 Oct 2026, the NAV of Parag Parikh Dynamic Asset Allocation Fund is ₹9.95 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Parag Parikh Dynamic Asset Allocation Fund delivered?
Parag Parikh Dynamic Asset Allocation Fund has returned -3.00% over 1 year and -0.12% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of Parag Parikh Dynamic Asset Allocation Fund?
Parag Parikh Dynamic Asset Allocation Fund charges an expense ratio of 0.76% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of Parag Parikh Dynamic Asset Allocation Fund?
Parag Parikh Dynamic Asset Allocation Fund's largest holdings are Brookfield India Real Estate Trust (5.6%), Embassy Office Parks REIT (5.5%), 7.21% Tamilnadu SDL (MD 21/01/2032) (3.9%), 7.12% Tamilnadu SDL (MD 18/02/2032) (3.9%) and 7.72% Maharashtra SDL (MD 01/03/2031) (3.0%). Holdings are disclosed monthly and change over time.
How risky is Parag Parikh Dynamic Asset Allocation Fund?
Parag Parikh Dynamic Asset Allocation Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 3.9% and its worst peak-to-trough fall in our sample was -6.4%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What is the benchmark of Parag Parikh Dynamic Asset Allocation Fund?
Parag Parikh Dynamic Asset Allocation Fund is benchmarked against the CRISIL Hybrid 50+50 Moderate Index. Its alpha and beta on this page are measured against that index.
Who manages Parag Parikh Dynamic Asset Allocation Fund?
Parag Parikh Dynamic Asset Allocation Fund is managed by Rajeev Thakkar, Raunak Onkar, Rukun Tarachandani, Raj Mehta, Tejas Soman and Mansi Kariya at PPFAS.
How is Parag Parikh Dynamic Asset Allocation Fund taxed?
Parag Parikh Dynamic Asset Allocation Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.