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A relatively younger fund within the multi cap class and the most effective performer throughout time periods- Parag Parikh Long Term Equity Fund was launched in May 2013. The scheme has generated over 21% annualised returns within the final one 12 months, splendidly outshining the class common return of 6% in the identical time interval. In the 5 12 months interval, the scheme has given over 13% annualised returns to remain at the highest. SIP returns have been spectacular too. Three-year SIP has generated over 14% returns and five-year SIP has given over 13% annualised. Let’s decode how and the place the scheme invests to remain at the primary place.
USP
Th scheme was one of many earliest multi cap fund to speculate some portion in worldwide equities. The scheme can make investments as much as 35% in abroad equities. At current, the scheme invests round 28.59% in worldwide shares, namely-Amazon, Google Class C, Facebook, ADRs of Suzuki Motor Corp and Microsoft.
Top portfolio holdings
Amazon (8.51%), ITC (7.99%), Google (7.08%), Persistent Systems (6.29%) and Facebook (5.96) are the highest 5 shares held as on August 31 by the fund. The prime 10 equity holdings quantity to 58.71% of the portfolio. These embrace 4 abroad listings.
Top sectors
Top fove sectors the place the scheme is invested are- Internet & Technology (16.33%), Software (13.89%), Finance (13.73%), Consumer durables (10.63%) and Banks (10.20%). The prime three sectors comprise 43.95% of the portfolio.
The Portfolio Turnover (excluding arbitrage) was 6.72%. Parag Parikh Long Term Equity Fund is managed by Rajeev Thakkar (home equity portfolio), Raunak Onkar (abroad securities) and Raj Mehta (debt portion). The scheme manages AUM price ₹4,508 crore.
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