According to a notice cum addendum, Parag Parikh Flexi Cap Fund will invest 65-100% in equity and equity-related instruments, 0-35% in money market instruments and other liquid instruments, gold and silver ETFs and units issued by InvITs and 0-35% in foreign equity and equity-related instruments, including overseas mutual funds/overseas ETFs.
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Parag Parikh ELSS Tax Saver Fund will now invest 80-100% in equity and equity-related instruments and 0-20% in money market instruments/InvITs/Gold ETFs/silver ETFs/other liquid instruments/units of domestic mutual funds. Earlier, this allocation was 80-100% in equity and equity-related instruments and 0-20% in debt and money market instruments.
The largecap fund, Parag Parikh Large Cap Fund, after allocating 80-100% in equity and equity related securities of largecap companies, will allocate 0-20% in equities and equity related securities of other than largecap companies, equity & equity related securities of foreign companies including overseas mutual funds/ overseas ETFs and 0-20% in money market instruments / InvITs / gold ETFs / silver ETFs / Other liquid instruments/units of domestic mutual funds.
In case of Parag Parikh Arbitrage Fund, this fund under normal circumstances will now allocate 65-100% in equities and equity derivatives (equity hedged exposure) and 0-35% in certificate of deposits and government securities with maturities up to 1 year, units of domestic mutual fund schemes and overnight debt securities, gold and silver ETFs/ ETCDs.
Under defensive circumstances, the fund will allocate 0-65% in equities and equity derivatives (equity hedged exposure) and 35-100% in certificate of deposits and government securities with maturities up to 1 year, units of domestic mutual fund schemes and overnight debt securities, gold and silver ETFs/ ETCDs.Parag Parikh Conservative Hybrid Fund will allocate 75-90% in debt securities (including securitised debt) and money market instruments, 10-25% in equities and equity-related instruments including REITs, 0-10% in units issued by InvITs, and 0-15% in gold and silver ETFs, ETCDs.
The fund house also informed about a change in nomenclature of three funds. In the case of Parag Parikh ELSS Tax Saver Fund, the existing nomenclature is an open-ended equity-linked saving scheme with a statutory lock-in of 3 years and tax benefit, whereas the revised nomenclature will be an open-ended scheme with attributes in accordance with the Equity Linked Saving Scheme, 2005, notified by the Ministry of Finance.
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In case of Parag Parikh Dynamic Asset Allocation Fund, the existing nomenclature of an open-ended dynamic asset allocation fund will be revised to an open-ended dynamic asset allocation fund investing in debt and equity instruments only. Parag Parikh Arbitrage Fund, whose existing nomenclature is an open-ended scheme investing in arbitrage opportunities, will be revised to an open-ended scheme investing in arbitrage opportunities with no investment in InvITs permitted.
The fund house also mentioned several factors that may affect the price of gold/commodity/silver.
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