Parag Parikh Dynamic Asset Allocation Fund
PPFAS Mutual Fund·Dynamic Asset Allocation Fund·vs CRISIL Hybrid 50+50
The manager has shifted toward defensive positioning with debt now exceeding 55 percent, signaling caution in the near term. The heavy sovereign allocation of 46 percent coupled with controlled equity exposure reflects a preference for stability over growth, while selective realty exposure through REITs provides inflation-hedging diversification. The modest rotation—adding cement and housing finance while trimming speculative debt—suggests conviction in selective quality over broad-based equity participation in this uncertain environment.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Primary | ₹11.5747 | +0.22% | +0.31% | +1.10% | +3.00% | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
110
Top 5 Weight
20.96%
Top 10 Weight
34.92%
Active Share
—
Large Cap
18.82%
Gini
0.534
What Changed2026-03-31 → 2026-04-30
Holdings: 111 → 113+3 added−2 removed12 weight shifts ≥ 0.1%
| Stock | Weight |
|---|---|
| Ambuja Cements Limited | 0.04% |
| 6.77% Maharashtra SDL (MD 25/02/2030) | 0.91% |
| 7.07% LIC Hsg Fin Tr 455 NCD (MD 29/04/2030) | 0.90% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Embassy Office Parks REIT INE041025011 | 5.09% |
| 2 | Brookfield India Real Estate Trust INE0FDU25010 | 5.08% |
| 3 | Parag Parikh Liquid Fund- Direct Plan- Growth INF879O01068 | 3.96% |
| 4 | 7.12% Tamilnadu SDL (MD 18/02/2032) IN3120250722 | 3.63% |
| 5 | Coal India Limited INE522F01014 | 3.20% |
| 6 | Reliance Industries Limited INE002A01018 | 3.07% |
| 7 | 7.72% Maharashtra SDL (MD 01/03/2031) IN2220220171 | 2.81% |
| 8 | Power Grid Corporation of India Limited INE752E01010 | 2.74% |
| 9 | HDFC Bank Limited INE040A01034 | 2.71% |
| 10 | ITC Limited INE154A01025 | 2.63% |
| 11 | 7.6% Karnataka SDL (MD 04/01/2033) IN1920220168 | 2.59% |
| 12 | Petronet LNG Limited INE347G01014 | 2.56% |
| 13 | 7.61% Gujarat SDL (MD 03/08/2032) IN1520220071 | 1.86% |
| 14 | 7.64% NABARD Sr 25B NCD (MD 06/12/2029) INE261F08EJ7 | 1.84% |
| 15 | 7.01% Gujarat SDL (MD 03/09/2031) IN1520250136 | 1.82% |
| 16 | 7.08% Uttar Pradesh SDL (MD 17/02/2031) IN3320200295 | 1.82% |
| 17 | 6.95% Tamilnadu SDL (MD 17/02/2031) IN3120200362 | 1.82% |
| 18 | Bharti Airtel Limited INE397D01024 | 1.74% |
| 19 | 7.55% Gujarat SDL (MD 28/12/2030) IN1520220170 | 1.49% |
| 20 | 7.39% Tamilnadu SDL (MD 12/06/2032) IN3120240111 | 1.47% |
Sector Allocation
Sovereign46.1%
Realty10.4%
CRISIL AAA6.9%
Banks4.1%
Consumable Fuels3.2%
Petroleum Products3.1%
Power2.7%
Diversified FMCG2.6%
Gas2.6%
ICRA AAA1.8%
Top 10 sectors by % to NAV. Excludes derivatives.