EquityLarge Cap FundRegularGrowthVery High

Parag Parikh Large Cap Fund

Q: What is the NAV of Parag Parikh Large Cap Fund?

As of 05 Oct 2026, the NAV of Parag Parikh Large Cap Fund is ₹9.05 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Parag Parikh Large Cap Fund delivered?

Parag Parikh Large Cap Fund has returned -9.48% 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.

Q: What is the expense ratio of Parag Parikh Large Cap Fund?

Parag Parikh Large Cap Fund charges an expense ratio of 0.72% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Parag Parikh Large Cap Fund?

Parag Parikh Large Cap Fund's largest holdings are HDFC Bank Limited (8.0%), ICICI Bank Limited (7.7%), Reliance Industries Limited (6.4%), Bharti Airtel Limited (4.1%) and Larsen & Toubro Limited (3.5%). Holdings are disclosed monthly and change over time.

Q: How risky is Parag Parikh Large Cap Fund?

Parag Parikh Large Cap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 15.2% and its worst peak-to-trough fall in our sample was -13.9%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of Parag Parikh Large Cap Fund?

Parag Parikh Large Cap Fund is benchmarked against the NIFTY100(TRI). Its alpha and beta on this page are measured against that index.

Q: Who manages Parag Parikh Large Cap Fund?

Parag Parikh Large Cap Fund is managed by Rajeev Thakkar, Rukun Tarachandani, Raj Mehta, Raunak Onkar, Tejas Soman and Aishwarya Dhar at PPFAS.

Q: How is Parag Parikh Large Cap Fund taxed?

Parag Parikh Large Cap 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.

PPFAS Mutual Fund · Best Large Cap Mutual Funds

NAV

₹9.05

+0.54% 1D

as of 05 Oct 2026

This is the Regular plan of Parag Parikh Large Cap Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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Performance

-9.48%absolute

52-week rangePrev NAV ₹9.00

Latest ₹9.05

Low ₹8.7124th percentile of its 52-week rangeHigh ₹10.11

Scorecard

Not rated

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. Not rated — this fund has no full year of NAV history yet. A rating needs at least a 1-year return to rank its performance against peers.

Performance—

Not enough Large Cap Fund peers to rank yet

RiskHigh

Volatility 15.2% vs 13.3% category avg

CostLow

0.7% expense vs 2.3% category avg

Consistency—

Not enough history for a rolling 3Y view

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Low expense ratio (0.72%) vs the Large Cap Fund average of 2.25%

Concerns

Trails the Large Cap Fund average on 1M/3M/6M
More volatile than its Large Cap Fund peers (15.2% vs 13.3%)

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.72%

Category 2.25%▼1.53%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

18.32

Category —

Excess return per unit of total volatility (rf = 6.5%)

—

Category 0.12

Scheme Info

Definitions

Plan

Regular · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

Exit Load

None

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹1,000

Smallest one-time (lumpsum) investment the scheme accepts

₹1,000

NIFTY100(TRI)

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

06 Feb 2026

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-5.47%

Absolute return over the last 3 months (not annualized)

-6.25%

Absolute return over the last 6 months (not annualized)

+2.06%

Absolute return since 1 Jan of this year (not annualized)

-9.48%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

—

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

-9.48%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

15.23%

Excess return per unit of total volatility (rf = 6.5%)

—

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

—

Largest peak-to-trough decline over full history

-13.86%

Benchmark ratios (vs Nifty 100 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 100 TRI

—

Sensitivity to Nifty 100 TRI moves; 1 = moves with the index

—

How much of the fund's movement Nifty 100 TRI explains

—

Excess return per unit of beta (market risk)

—

Active return over the benchmark per unit of tracking error

—

Annualized std dev of fund-minus-benchmark returns

—

Fund's share of benchmark gains in up months (100 = matches index)

—

Fund's share of benchmark losses in down months (lower is better)

—

Computed vs the Nifty 100 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Large Cap Fund)

Period	Fund	Category avg.	Diff
1M abs	-5.47%	-4.91%	-0.56%
3M abs	-6.25%	-4.84%	-1.41%
6M abs	+2.06%	+4.06%	-2.00%
1Y CAGR	—	-5.06%	—
3Y CAGR	—	+8.18%	—
5Y CAGR	—	+6.84%	—

Category average across peers in Large Cap Fund (up to 34 funds with data), 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.

Monthly investment (₹)

Period

Invested

₹70.00K

Current value

₹67.49K

Absolute

-3.58%

XIRR

-13.52%

Value vs. invested

ValueInvested

7 monthly installments of ₹10,000 into Parag Parikh Large Cap Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

History points

163

Expense ratio

0.72%

AUM

₹718.11Cr

Exit load

NIL

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

18.3

P/B ratio

4.1

Avg market cap

₹5,42,654Cr

P/E & P/B are portfolio-weighted harmonic means across 97 of 106 equity holdings (97% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This 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.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

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.

Peer comparison · Large Cap Fund

Compare all


Parag Parikh Large Cap FundThis fund PPFAS · Regular · Growth	—	—	—	—	—	0.72%	₹718.11Cr
Taurus Large Cap Fund Taurus · Regular · Growth	★★☆☆☆	+6.58%	+13.11%	+9.84%	—	2.73%	₹49.42Cr
quant Large Cap Fund quant · Regular · Growth	★★★☆☆	+2.14%	+11.72%	—	—	2.87%	₹3,172Cr
Invesco India Large Cap Fund Invesco · Regular · Growth	★★★☆☆	-1.38%	+11.49%	+8.77%	—	2.18%	—
Bandhan Large Cap Fund Bandhan · Regular · Growth	★★★☆☆	-3.23%	+10.69%	+8.16%	—	2.21%	₹2,004Cr
Bank of India Large Cap Fund Bank of India · Regular · Growth	★★★☆☆	+0.37%	+10.47%	+7.41%	—	2.74%	₹212.41Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap95.4%
Mid cap4.4%
Small cap0.2%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity100.10%
Other0.06%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Axis Nifty 100 Index Fund Axis · Index Funds	99.4%	★★★★☆	0.26%	+7.57%
HDFC NIFTY 100 Index Fund HDFC · Index Funds	99.4%	★★★☆☆	0.35%	+7.44%
Zerodha Nifty 100 ETF Zerodha · Other ETFs	99.4%	—	0.28%	—
Nippon India ETF Nifty 100 Nippon India · Other ETFs	99.4%	—	0.51%	+7.29%
Bandhan Nifty 100 Index Fund Bandhan · Index Funds	99.3%	★★★★☆	0.18%	+7.65%
Invesco India Multi Asset Allocation Fund Invesco · Multi Asset Allocation	85.0% of 37% equity	★★★☆☆	0.54%	—
Bandhan Nifty 50 Index Fund Bandhan · Index Funds	81.2%	★★★☆☆	0.16%	+5.91%
Franklin India NSE Nifty 50 Index Fund Franklin Templeton · Index Funds	81.2%	★★★☆☆	0.31%	+5.88%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-13.9%11 Feb 2026 → 31 Mar 2026
Still below that high — 2 months down, and no recovery yet.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹718.11Cr

April - June 2026

+164%

since January - March 2026

At or near its largest, ₹718.11Cr in April - June 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.

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.

Launched

09 Oct 2012

Total AUM

₹1,60,807Cr+5.6% QoQ

Avg AUM · April - June 2026

Website

amc.ppfas.com

Fund Managers

RTRajeev ThakkarManaging since 04 Feb 2026

Role

Chief Investment Officer and Equity Fund Manager

Education

B. Com. (Bombay University) Chartered Accountant CFA Charter Holder Grad ICWA

Experience

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.

Funds managed (5)

All schemes Rajeev Thakkar runs →

RTRukun TarachandaniManaging since 04 Feb 2026

Role

Executive Vice President & Fund Manager - Equity

Total experience

10 Years

Education

Post Graduate Diploma in Management (Specialization: Finance)

Experience

He is appointed as an Additional Fund Manager - Equity with effect from May 16, 2022. Mr. Rukun Tarachandani

Funds managed (1)

Parag Parikh Arbitrage Fund

All schemes Rukun Tarachandani runs →

RMRaj MehtaManaging since 04 Feb 2026

Role

Executive Vice President & Fund Manager - Debt

Education

B.Com (Mumbai University), M.Com (Mumbai University), Chartered Accountant, CFA Level III Pass. Post Graduate Diploma in Management (Specialization: Finance)

Experience

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.

Funds managed (6)

All schemes Raj Mehta runs →

RORaunak OnkarManaging since 04 Feb 2026

Role

Dedicated Fund Manager for Overseas Investments and Head - Research

Education

Bsc. IT (Bombay University) MMS- Finance (Bombay University)

Experience

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.

Funds managed (2)

All schemes Raunak Onkar runs →

TSTejas SomanManaging since 04 Feb 2026

Role

Chief Investm ent Officer - Debt & Fund Manage r - Debt

Experience

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).

ADAishwarya DharManaging since 04 Feb 2026

Role

Senior Manager Debt Dealer & Fund Manager Debt)

Experience

Ms. Aishwarya has started her career with Tata AIA Life Insurance Co. Ltd as Executive Finance from September 2012 till May 2015 and handled Accounts Payable & Procurement. She had further joined the Debt Dealing team in Manipal Cigna Health Insurance Co. Ltd. as Deputy Manager - Dealer Portfolio from June 2015 till March 2021. She had a total experience of 8 Years and 6 months in the Financial Service Industry. Ms. Aishwarya Dhar was appointed as a Debt Dealer for the Schemes of the PPFAS Mutual Fund in March 2021. She was appointed as Fund Manager - Debt with effect from September 1, 2025

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

Fund managers

Rajeev Thakkar Raj Mehta Raunak Onkar

Top holdings

HDFC Bank Limited ICICI Bank Limited Reliance Industries Limited Bharti Airtel Limited Larsen & Toubro Limited State Bank of India Infosys Limited Axis Bank Limited Kotak Mahindra Bank Limited Mahindra & Mahindra Limited Bajaj Finance Limited ITC Limited

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.

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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 Large Cap funds

Large cap funds invest mainly in India's 100 biggest listed companies. They tend to be steadier than mid- and small-cap funds, with more modest but more dependable growth.

Frequently asked questions

What is the NAV of Parag Parikh Large Cap Fund?

As of 05 Oct 2026, the NAV of Parag Parikh Large Cap Fund is ₹9.05 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Parag Parikh Large Cap Fund delivered?

Parag Parikh Large Cap Fund has returned -9.48% 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 Large Cap Fund?

Parag Parikh Large Cap Fund charges an expense ratio of 0.72% 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 Large Cap Fund?

Parag Parikh Large Cap Fund's largest holdings are HDFC Bank Limited (8.0%), ICICI Bank Limited (7.7%), Reliance Industries Limited (6.4%), Bharti Airtel Limited (4.1%) and Larsen & Toubro Limited (3.5%). Holdings are disclosed monthly and change over time.

How risky is Parag Parikh Large Cap Fund?

Parag Parikh Large Cap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 15.2% and its worst peak-to-trough fall in our sample was -13.9%. 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 Large Cap Fund?

Parag Parikh Large Cap Fund is benchmarked against the NIFTY100(TRI). Its alpha and beta on this page are measured against that index.

Who manages Parag Parikh Large Cap Fund?

Parag Parikh Large Cap Fund is managed by Rajeev Thakkar, Rukun Tarachandani, Raj Mehta, Raunak Onkar, Tejas Soman and Aishwarya Dhar at PPFAS.

How is Parag Parikh Large Cap Fund taxed?

Parag Parikh Large Cap 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.