ICRA at PPFCF

Sat, 16 May 2026 00:00:00 +0000

ICRA Limited (Investment Information and Credit Rating Agency of India) has been a periodic holding in the Parag Parikh Flexi Cap Fund portfolio. ICRA is one of the principal Indian credit-rating agencies, alongside CRISIL (the larger competitor majority-owned by S&P Global) and CARE Ratings, operating in the structurally oligopolistic Indian credit-rating industry that is regulated under the SEBI (Credit Rating Agencies) Regulations 1999. The investment thesis at PPFAS Mutual Fund reflects the broader value-investing framework applied to a specialty-financial-services business with durable competitive advantages.

Specialty Financial Services on WebNotes

ICRA at PPFCF