The Economic Times

Parag Parikh Flexi Cap current underperformance not noteworthy; cash at 14-15%, HDFC Bank outlook unchanged: Rajeev Thakkar

PPFAS Mutual Fund CIO Rajeev Thakkar said the recent underperformance of Parag Parikh Flexi Cap Fund is neither unusual nor significant. He defended its long-term strategy, lower cash allocation, and private-bank exposure, including HDFC Bank. Thakkar said market volatility creates opportunities, while the fund avoids popular themes and sees potential in IT services amid AI disruption.