PPFAS Asset Management Private Ltd. is the asset manager of PPFAS Mutual Fund, established back in 2012. The AMC is registered as a trust under the Indian Trust Act, 1882. It is registered with SEBI vide registration code MF/069/12.
PPFAS AMC abides by the “Law of the Farm”. The law relates to farming, where a farmer can only reap fruitful produce slowly and steadily while practising with effort and discipline. The company has relatively prolonged holding periods, a reflection of this law.
The AMC prides itself of having a different and unique approach to asset management than other companies.
For instance, the company only offers 1 equity scheme. It believes that they can invest in a plethora of areas through this single product. They refrain from launching more schemes as it might create confusion among clients and become perplexing when choosing a fund to invest in.
Secondly, it does not have a sales team. The company does not subscribe to attracting investors by heavily promoting its products. It has a small team of Relationship Managers who seek to establish a robust and long-term relation with the clients. They do not conclude their services once an investor completes the purchase. The official will clear any queries and doubts that their clients have, anytime.
The company boasts of its investment management team and maintains that their approach to performance and asset management is the ideal way to market and sell their products.
Thirdly, it does not utilise the modern factors like algorithms, technical analysis, and momentum to curate a portfolio. Instead, the company uses age-old factors like low debt, cash flow, etc. PPFAS does not seek to attract investors that look for fund managers who have an aggressive approach to the market.
Fourthly, the mutual fund does not accept one-time investments during bullish times. It says that investing during such time may return high profits but it can also backfire.
Fifthly, PPFAS AMC believes that the interest of clients should be similar to those of their employees and management. Hence, their workforce also invests a considerable amount of their investable surplus in the company’s equity fund.
The only two PPFAS Mutual Funds available are:
I. Parag Parikh Long Term Equity Fund
Parag Parikh Long Term Equity Fund is an open-ended equity fund for those looking for an investment horizon of at least 5 years.
Portfolio disclosure
HDFC Bank Ltd. holds the majority portion of the net assets with 8.57%. Bajaj Holdings & Investment Ltd. has 6.82%, Hero Motocorp Ltd. 5.12%, Persistent Systems Ltd. 4.62%, and Axis Bank Ltd. 3.58%.
Other firms with the core equity of this scheme are ICICI Bank Ltd., Indraprastha Gas Ltd., Zydus Wellness Ltd., Sun Pharmaceuticals Industries Ltd., etc.
4.74% of the net assets belong to HDFC, 2.41% by Tata Steel, 2.35% by Maruti Suzuki India Ltd., 1.85% by Century Textiles Ltd., 1.46% by State Bank Of India Ltd., and 0.63% by Yes Bank Ltd.
Alphabet Inc. holds 9.33% of the net assets while 5.05% goes towards Suzuki Motor Corp, 5.03% to Facebook Inc., 2.69% to Nestle SA, 2.27% to Amazon Inc., and 1.77 to 3M Co.
6.57% of the net assets of the Parag Parikh Long Term Equity Fund are invested in TREPS including cash and cash equivalent.
II. Parag Parikh Liquid Fund
Parag Parikh Liquid Fund is an open-ended liquid scheme offering low risk and high liquidity by investing in debt and money market instruments.
Portfolio disclosure
Sovereign 91 days treasury bills have the majority potion of the nest assets in this section. 182 days and 364 days greasy bills are the other instruments.
Government securities
Sovereign 7.86% RAJASTHAN SDL and 07.28% GOVT STOCK are the two government securities, each with 3.73% net assets.
A1+ commercial papers and certificate of deposits belong to Indian Oil Corporation Ltd., HDFC Ltd., NTPC LTD., and NABARD.
25.22% of the nets assets of Parag Parikh Liquid Fund is invested in TREPS including net receivables/payables.
0.38% of the net assets are invested in 7.40% HDFC fixed deposit and 0.37% in 6.25% HDFC fixed deposit.
PPFAS Asset Management Private Ltd. is a wholly-owned subsidiary of Parag Parikh Financial Advisory Services Private Ltd. (PPFAS). PPFAS provides portfolio management and financial advisory services.
| Fund Name | Category | Risk | NAV | Expense Ratio | 1Y Returns | 3Y Returns | 5Y Returns | Rating | Fund Size (in Cr) | Exit Load |
|---|---|---|---|---|---|---|---|---|---|---|
Parag Parikh Flexi Cap Fund | Equity | Very High | 94.10 | 0.63 | 5.6% | 22.0% | 20.9% | 5 | ₹1,25,799 | For units above 10% of the investment, exit load of 2% if redeemed within 365 days and 1% if redeemed after 365 days but on or before 730 days. See more |
Parag Parikh ELSS Tax Saver Fund | Equity | Moderately High | 34.24 | 0.62 | 4.3% | 17.8% | 20.0% | 5 | ₹5,790 | - |
Parag Parikh Conservative Hybrid Fund | Hybrid | Moderately High | 15.54 | 0.34 | 7.2% | 11.4% | NA | 5 | ₹3,096 | For units in excess of 10% of the investment,1% will be charged for redemption within 365 days See more |
Parag Parikh Liquid Fund | Debt | Low to Moderate | 1,497.98 | 0.1 | 6.4% | 6.7% | 5.5% | 1 | ₹4,044 | Exit load of 0.0070% if redeemed within 1 day, 0.0065% if redeemed within 2 days, 0.0060% if redeemed within 3 days, 0.0055% if redeemed within 4 days, 0.0050% if redeemed within 5 days, 0.0045% if redeemed within 6 days. See more |
Parag Parikh Arbitrage Fund | Hybrid | Low | 11.59 | 0.3 | 6.6% | NA | NA | -- | ₹1,930 | Exit load of 0.25%, if redeemed within 30 days. |
Parag Parikh Dynamic Asset Allocation Fund | Hybrid | Moderate | 11.48 | 0.33 | 5.4% | NA | NA | -- | ₹2,681 | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year. See more |
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| Mutual fund name | PPFAS Mutual Fund | |||
| Asset management company name | PPFAS Mutual Fund | |||
| AMC Setup Date | 10 Oct 2012 | |||
| AMC Incorporation Date | 10 Oct 2012 | |||
| Sponsor name | Parag Parikh Financial Advisory Services Ltd | |||
| Trustee organisation | PPFAS Trustee Company Pvt.Ltd. | |||
| Name of trustees | Mr. P. A. Balasubramanian (Independent Director) | Mr. Rajan Mehta (Independent Director) | Mr. Dhaval Desai (Independent Director) | Mr. Suneel Gautam (Associate Director) |
| CEO | Neil Parag Parikh(Chief Executive Officer) | |||
| CIO | Rajeev Thakkar(Chief Investment Officer-Equity) | |||
| Compliance Officer | Ms. Priya Hariani | |||
| Investor Service Officer | Mr. Aalok Mehta | |||
| Total AUM (as of end of last quarter) | ₹1,48,568.37Cr | |||
| Address | 702-705, 7th Floor, 349 Business Point Commercial Premises Co-op. Society Ltd.,Western Express Highway,Andheri (East), Mumbai 400069 |
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Invest in PPFAS Mutual Fund by following the few simple steps mentioned below:
Step 1. Register to create a new Groww account or log-in if you already have one.
Step 2. Upload your photo identity proof documents like Passport, PAN, Voter ID, Driving License, Aadhaar, Central or State Government ID card, etc.
Step 3. Upload your proof of address documents like any identity KYC document with your permanent address, etc.
Step 4. Choose your preferred investment horizon.
Step 5. Select from one of the available risk levels - low, mid, or high.
Step 6. Pick the PPFAS Mutual Fund you want to invest in.
Step 7. Click on “Invest One Time” if you want to invest a lump sum amount; click “Start SIP” if you want to invest via SIP.
The PPFAS Mutual Fund in India you have invested in will appear in your Groww account within 3 to 4 working days.
Now let us jump and check about these top 6 mutual fund schemes.
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 22.03% & 20.9%. The Parag Parikh Flexi Cap Fund comes under the Equity category of PPFAS Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Parag Parikh Flexi Cap Fund is ₹1,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹1,25,799Cr |
| 1Y Returns | 5.6% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 17.77% & 19.98%. The Parag Parikh ELSS Tax Saver Fund comes under the Equity category of PPFAS Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Parag Parikh ELSS Tax Saver Fund is ₹500 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹5,790Cr |
| 1Y Returns | 4.3% |
Fund Performance: The Parag Parikh Conservative Hybrid Fund comes under the Hybrid category of PPFAS Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Parag Parikh Conservative Hybrid Fund is ₹5,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹3,096Cr |
| 1Y Returns | 7.2% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.69% & 5.55%. The Parag Parikh Liquid Fund comes under the Debt category of PPFAS Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Parag Parikh Liquid Fund is ₹5,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹4,044Cr |
| 1Y Returns | 6.4% |
Fund Performance: The Parag Parikh Arbitrage Fund comes under the Hybrid category of PPFAS Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Parag Parikh Arbitrage Fund is ₹1,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹1,930Cr |
| 1Y Returns | 6.6% |
Fund Performance: The Parag Parikh Dynamic Asset Allocation Fund comes under the Hybrid category of PPFAS Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Parag Parikh Dynamic Asset Allocation Fund is ₹5,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹2,681Cr |
| 1Y Returns | 5.4% |
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