Otto Money

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 portfolio....

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.

Discover the power of Specialised Investment Funds in India. Learn how Specialised Investment Funds offer hedge-fund-like flexibility with mutual fund-like benefits.