Parag Parikh Flexi Cap fund’s CIO Rajeev Thakkar addresses recent underperformance, saying the portfolio’s cash levels are falling and the outlook for returns is improving. He indicates the fund’s cash position is currently about 14–15%, down from a prior peak of around 25%, which implies redeployment of capital into investments.
The outlets framing the comments focus on two themes: performance relative to expectations and portfolio positioning. NDTV reports Thakkar’s explanation that the underperformance is connected to the fund’s earlier posture, including having higher cash levels, and that the current lower cash balance supports a more constructive return outlook. While the specific interpretation of “underperformance” is not detailed beyond the CIO’s assessment, the core update across the coverage is the shift in cash allocation and the stated improvement in prospects.
