Parag Parikh, the fund house behind India’s largest active equity fund— Parag Parikh Flexi Cap Fund  (₹1.33 lakh crore AUM)—is launching a new Large Cap Fund . As a rule, we do not recommend investing in NFOs . Most new fund launches are designed to gather AUM rather than solve a genuine investor problem. This fund, however, is neither thematic nor quant “slop.” Instead, it positions itself as a Passive++ strategy . Let’s unpack what that means—and whether it fits into your p

As the Indian mutual fund industry matures, a surge of thematic and passive NFOs reveals a troubling pattern—products engineered for AUM growth rather than long-term investor compounding. This piece explains how Fund Slop is created, marketed, and how investors can spot it.