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Parag Parikh Long Term Equity Fund, the highest performing fairness mutual fund scheme has added Indian Energy Exchange (IEX) to its portfolio. The disclosure was made within the month-to-month reality sheet for July. Parag Parikh Long Term Equity Fund is an open-ended multicap fund. It has given the best annualised SIP returns of 14.93% and 14.05% within the final three and 5 years. The scheme manages property value ₹4,014 crore s on July 31. The scheme is managed by Rajeev Thakkar (fairness), Raunak Onkar (abroad securities) and Raj Mehta (debt).
The scheme has 0.66% of its property in IEX, the newly added inventory. IEX is the primary and largest vitality trade in India offering a nationwide, automated buying and selling platform for bodily supply of electrical energy, Renewable Energy Certificates and Energy Saving Certificates.
As on July 31, the scheme has 27.19% of its portfolio in abroad shares. The prime 5 holdings of the scheme are- Amazon (8.71%), Alphabet (7.52%), Persistent Systems (6.77%), ITC (6.03%) and HDFC Bank (5.88%).
The scheme invests 66.18% in Indian equities. The residual 6.63% is parked in TREPS and many others. & Fixed Deposit Receipts (FDR).
The prime 10 fairness holdings of Parag Parikh Long Term Equity Fund quantity to 60.85% of the portfolio. These embody 4 abroad listings.
Software, Internet & Technology and Banks make up the highest three sectors, comprising 42.56% of the portfolio.
3.73% of the scheme’s AUM is held by insiders.
The Portfolio Turnover (excluding arbitrage) was 4.17%.
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