Explore the latest Parag Parikh Flexi Cap Fund NAV, historical NAV trends, returns, and performance analysis. Understand how the fund has grown over time and whether it is a good investment option for long-term wealth creation.
Rajat Kulshrestha
Head of Mutual Fund Distribution
Parag Parikh Flexi Cap Fund is an equity scheme that invests in stocks and shares of companies across different sectors. The scheme does not limit itself to any sectors or geography, but an average 65% of the corpus is invested in Indian equities to benefit from the tax treatments of equity schemes. The investment is done dynamically across stocks while allowing the fund manager to flexibly allocate funds according to the market conditions.
Parag Parikh allows you to view capitalisation through a different lens. While bull markets drive investors to chase quick market gains, schemes like Parag Parikh aim for long-term value-driven investing, helping investors with steady wealth creation. This article explores Parag Parikh Flexi Cap Fund NAV, its growth, and the historical timeline of the scheme’s NAV performance. Additionally, it examines CAGR and offers benchmark comparison to help understand the competitive market for equity funds.
NAV or Net Asset Value represents the market value of a single unit of the scheme, which changes on a daily basis. The Parag Parikh Flexi Cap Fund NAV is crucial in understanding the performance of the scheme over the years.
The NAV is calculated by adding the total market value of the scheme’s assets, which includes funds, bonds, and cash, and excluding the total liabilities, such as operational and management expenses. The result of this calculation is then divided by the total number of outstanding units. For most open-ended mutual funds, NAV is calculated and published at least once every business day.
For Example,
The net asset of the fund will be
₹100 crores - ₹5 crores = ₹95 crores
Now, assuming the fund has issued 5 crores units to investors
NAV= Net asset divided by the total outstanding units
NAV = 95 crores divided by 5 crores units = ₹19 per unit
So, the cost of each unit will be 19 rupees.
The NAV changes daily depending on the fund's assets and liabilities. If the asset becomes 110 crores after liabilities, then the NAV will be higher and lower if the market falls. Though NAV represents the market value of a unit, it does not directly determine the future returns. The percentage change of NAV is what helps investors understand and track the growth of a fund.
Nav is not only important, as it shows the value of each unit held by the investors, but also because when you invest or redeem funds, the transaction will be based on the prevailing NAV. Parag Parikh maintains a conservative and value-oriented approach even in 2026. The current Parag Parikh Flexi Cap Fund NAV as of February 17, 2026, for the direct plan is ₹93.13, and the regular plan is ₹85.13.
The following is a table of the Parag Parikh Flexi Cap Fund NAV over the past few days.
|
Date |
Direct |
Regular |
|
17.2.2026 |
93.1314 |
85.1360 |
|
16.2.2026 |
92.9584 |
84.9793 |
|
13.2.2026 |
92.0658 |
84.1678 |
|
12.2.2026 |
93.0507 |
85.0697 |
|
11.2.2026 |
93.8017 |
85.7578 |
|
10.2.2026 |
94.1421 |
86.0706 |
|
9.2.2026 |
94.1506 |
86.0799 |
It is significant to understand that the Parag Parikh Flexi Cap Fund NAV does not by itself determine a fund’s performance or help predict future returns, but instead helps investors track and evaluate the fund’s growth over the years to make an informed decision. A higher NAV does not make a fund better, and a lower NAV does not make it cheaper either, because what is important is the percentage growth of the NAV over the years.
The following table includes Parag Parikh Flexi Cap Fund's NAV over the years.
|
Year |
Date |
NAV (High) |
Date |
NAV (Low) |
Date |
NAV (High) |
Date |
NAV (Low) |
|
2026 |
6 Jan |
95.3244 |
13 Feb |
92.0638 |
5 Jan |
87.2060 |
13 Feb |
84.1679 |
|
2025 |
27 Oct |
95.7732 |
7 Apr |
82.0594 |
27 Oct |
87.7264 |
7 Apr |
75.4349 |
|
2024 |
16 Dec |
89.6441 |
3 Jan |
70.2262 |
26 Sept |
82.6680 |
3 Jan |
65.1372 |
|
2023 |
28 Dec |
70.3524 |
6 Jan |
50.5032 |
28 Dec |
65.2621 |
6 Jan |
47.2078 |
|
2022 |
13 Jan |
55.0629 |
17 Jan |
45.4330 |
13 Jan |
51.9828 |
17 Jan |
42.7013 |
|
2021 |
19 Oct |
55.3163 |
7 Jan |
37.0564 |
19 Oct |
52.3409 |
7 Jan |
35.3401 |
|
2020 |
30 Dec |
37.2520 |
24 Mar |
20.1555 |
30 Dec |
35.5338 |
24 Mar |
19.3715 |
The fund has long-term NAV appreciation. The NAV was around 20 during the market crash in March 2020, and around 25 by year-end 2020. The fund's peak NAV has grown from 50 in 2021 to 70 in 2023, and to near or in 80 and 90 in 2024 and 2025. Each year still has several quarters with declines, but the trend has remained upwards towards the higher numbers. As of early 2026, the NAV has already moved into 90 with consistent value creation in various market environments.
Like all equity mutual funds, Parag Parikh Flexi Cap Funds also experiences short-term NAV movements, as it is a fund that invests in a diversified portfolio of stocks across sectors. A short-term NAV is often influenced by market volatility and the daily fluctuations in the stock market.
NAV is usually subject to temporary ups and downs based on the stock price movements and global trends, so a short-term NAV can be considered normal.
An equity-oriented scheme like Parag Parikh Flexi Cap Fund might suit Long-term investors who are risk-tolerant, as the scheme focuses on delivering long-term growth and return with an actively managed portfolio consisting of equity and equity-related securities.
Compound Annual Growth Rate or CAGR is a performance measurement tool that provides you with a smoothed annual rate of returns by assuming it grew steadily every year.
In simple terms, it refers to the compounding effect where long-term results are achieved through small, consistent efforts, and by sometimes insignificant daily actions.
CAGR helps compare performance across funds and benchmarks by showing a consistent annual rate figure without year-to-year volatility.
Benchmark is the standard against which the fund’s performance is compared, which is determined by the Fund houses themselves. Parag Parikh Flexi Cap Fund’s benchmark is Nifty 500, which serves as a standard index to compare the fund's market performance.
The following is a table that shows the CAGR of the fund and compares it to the Nifty 500 benchmark.
|
Year |
Flexi Cap |
Nifty 500 |
Flexi Cap Avg |
|
3 Year |
20.61 |
15.73 |
17.07 |
|
5 Year |
18.05 |
13.04 |
14.24 |
From the above table, it can be said that the fund has outperformed its benchmark and category average over 3 years, which indicates that the fund has achieved its long-term growth objective.
Below is a comparison table that compares Parag Parikh Flexi Cap Fund’s expense ratio and returns with those of its competitors.
|
Fund Name |
AUM (₹ Crores) |
Expense Ratio |
1 Year Return |
3 Year Return |
5 Year Return |
|
Parag Parikh Flexi Cap Fund |
₹1,33,970 |
0.63% |
8.33% |
20.6% |
18.32% |
|
HDFC Flexi Cap Fund |
₹97,452 |
0.65% |
17.77% |
23.02% |
21.11% |
|
Quant Flexi Cap Fund |
₹6,221 |
0.71% |
13.19% |
19.09% |
21.75% |
|
Bank of India Flexi Cap Fund |
₹2,167 |
0.53% |
19.29% |
23.72% |
20.77% |
|
JM Flexicap Fund |
₹5,152 |
0.62% |
5.9% |
21.47% |
18.27% |
|
Edelweiss Flexi Cap Fund |
₹3,133 |
0.43% |
17.69% |
20.89% |
17.32% |
|
Franklin India Flexi Cap Fund |
₹19,528 |
0.92% |
13.05% |
19.76% |
16.74% |
|
HSBC Flexi Cap Fund |
₹5,318 |
1.19% |
16.84% |
20.01% |
15.73% |
|
Aditya Birla Sun Life Flexi Cap Fund |
₹24,700 |
0.86% |
19.26% |
19.56% |
15.3% |
|
Kotak Flexicap Fund |
₹56,479 |
0.60% |
20.93% |
18.73% |
14.98% |
Looking at the comparison table above, Parag Parikh Flexi Cap Fund has delivered a 1-year return of 8.33% and a 3-year annualised return of 20.6%, along with a 5-year return of 18.32%. While its short-term (1-year) performance is relatively moderate compared to some peers, its medium- to long-term returns remain competitive within the flexi cap category.
The fund’s expense ratio of 0.63% is on the lower side compared to many competing funds, indicating cost efficiency for investors. Lower expenses can help improve net returns over the long term.
Overall, Parag Parikh Flexi Cap Fund may be suitable for investors seeking long-term wealth creation and who are willing to remain invested through market cycles to benefit from its long-term growth potential.
Parag Parikh Flexi Cap Fund has demonstrated consistent long-term NAV growth while maintaining a value-oriented and flexible investment strategy. Although short-term NAV movements are inevitable in equity markets, the fund’s historical trend, competitive CAGR performance against the Nifty 500 benchmark, and relatively low expense ratio highlight its potential as a long-term wealth creation vehicle.
For investors who understand that Parag Parikh Flexi Cap Fund NAV alone does not determine returns and are willing to stay invested through market cycles, the fund may serve as a disciplined and cost-efficient option within the flexi cap category.
Also Read:
- Parag Parikh Flexi Cap Fund Review 2026: NAV, Returns
- Parag Parikh Flexi Cap Fund Returns: SIP & Lump Sum Returns Analysis
The current NAV or Net Asset Value of the Fund as of February 17 is:
The Parag Parikh Flexi Cap Fund has generated:
The expense ratio of the fund is 0.63%, which is slightly lower than its competitors, indicating that the fund provides cost-efficiency to investors.
The fund offers two types of plans, which include the direct plan for investors who invest directly in the fund house and the regular plan for investors who invest through distributors and advisors.
The fund may be more suitable for long-term investors who prefer long-term growth over short-term fluctuations and who are risk-tolerant.
Head of Mutual Fund Distribution
Rajat Kulshrestha brings over seven years of experience in public markets, specialising in fundamental analysis and valuation frameworks. In his role as Mutual Fund Distribution Head, he oversees portfolio strategy, asset allocation decisions, and fund evaluation processes. On this blog, he offers structured, research-oriented perspectives on SME-listed companies, aiming to enhance financial literacy and analytical depth among market participants.
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