PPFAS Mutual Fund

PPFAS (Parag Parikh Financial Advisory Services Limited) Asset Management Pvt. Ltd. is a renowned Indian asset management company offering mutual fund schemes to Indian and foreign investors. PPFAS AMC is the registered asset manager of PPFAS Mutual Fund. The mutual fund house was founded in 2012, and the first scheme was launched in May 2013. Its SEBI registration number is MF/069/12.

PPFAS Mutual Fund currently provides one equity scheme (Parag Parikh Flexi Cap Fund), one ELSS scheme (Parag Parikh Tax Saver Fund), one hybrid fund (Parag Parikh Conservative Hybrid Fund), and one liquid fund (Parag Parikh Liquid Fund).  Investors can invest in PPFAS mutual funds both online and offline (through empanelled distributors) in India.

Best PPFAS Mutual Funds

Fund Name
Category
Rating
Fund Size (in Cr)
1Y Returns
3Y Returns
5Y Returns
Parag Parikh Tax Saver Fund Equity 5 848 11.6 25.8 -
Parag Parikh Flexi Cap Fund Equity 5 27,712 -3.9 24.3 17.1
Parag Parikh Liquid Fund Debt 2 1,511 4.4 3.8 -
Parag Parikh Conservative Hybrid Fund Hybrid - 1,063 7.6 - -

Parag Parikh Financial Advisory Services Limited originated as Parag Parikh Securities Ltd. in 1983. It was registered with the Bombay Stock Exchange as an equity brokerage house. In 1994, the name of the company was changed to Parag Parikh Financial Advisory Services Limited (PPFAS). The company was the first in India to launch a Portfolio Management Service or PMS named Cognito in 1996. PPFAS Limited has a rich and diverse experience of over two years in portfolio management in equity, fixed income, and mutual funds. The company’s clientele includes mutual fund houses, financial institutions, banks, foreign institutional investors, corporate houses, and individual investors. 

PPFAS mutual fund’s board of directors include Mr Neil Parikh, Mr Rajeev Thakkar, Mr Suneel Gautam, Mr Sahil Parikh, Mr Shashi Kataria, and Ms Dipti Neelakantan (Independent Director). 

PPFAS mutual fund has a unique perspective of the market. Unlike other mutual fund houses, they provide only one scheme each in equity, ELSS, liquid, and hybrid. They believe that if full attention is given to one fund, it will outperform all other funds in the category. The fund house always keeps about 20% of the total Asset Under Management (AUM) as cash and cash equivalent.  This ensures that they can tap into the market when the valuations are attractive. 

PPFAS mutual fund has witnessed a steady jump in its investor base. While the total number of investors in March 2014 was a modest 1,726, it has now grown to 655,738 (as of March, 2021). Also, its SIP book size has grown to INR 158.23 in March 2014, compared to INR 0.05 crore in March 2014. The fund house’s operating income has increased to INR 3,313.04 lakhs in March 2021, as against INR 1,876.12 lakhs in March 2020. Moreover, the company’s Profit After Tax or PAT has expanded to INR 919.18 lakhs in the financial year 2020-21, compared to INR 369.12 lakhs in 2019-20. 

PPFAS AMC Ltd Key Information

Mutual Fund Name PPFAS Mutual Fund
Founded on  10th October 2012
Sponsor Parag Parikh Financial Advisory Services Ltd.
Trustee PPFAS Trustee Company Private Limited
Board of Directors Rajeev Thakkar 

Neil Parikh 

Sahil Parikh 

Suneel Gautam 

Shashi Kataria

Company Secretary & Compliance Officer Sonakshi Mahendra
Chief Executive Officer  Mr Neil Parikh
Chief Information Officer  Mr Rajeev Thakkar
Auditors CVK & Associates 

Chartered Accountants

Registered Office 81/82, 8th Floor, Sakhar Bhavan, Ramnath Goenka Marg, 230, Nariman Point, Mumbai – 400 021, Maharashtra, INDIA
Contact Information Tel: 91 22 6140 6555 

Fax: 91 22 6140 6590 

E: email@ppfas.com 

Web: www.ppfas.com

PPFAS Mutual Fund Managers

Mr Rajeev Thakkar

Mr Rajeev Thakkar, B. Com (Bombay University), Chartered Accountant, CFA Charter Holder and Grad ICWA, is the Chief Investment Officer and Equity Fund Manager at PPFAS Mutual Fund. He joined the company in 2001 and was the Chief Executive Officer of PPFAS Mutual Fund until 2012. He has been working with PPFAS AMC since 2013 and currently manages 4 schemes with an AUM of ₹23,819 Cr. Mr Thakkar has diverse experience in money management and financial services. His expertise includes investment banking, broking, fixed income portfolio management, and PMS operations.  

Mr Raunak Onkar

Mr Raunak Onkar, Bsc. IT (Bombay University) and MMS- Finance (Bombay University), joined PPFAS Limited in 2009 after finishing his internship. Presently, he is an associate fund manager and the dedicated fund manager for overseas investments. He has been managing the PPFAS mutual fund’s overseas segment since it was launched in May 2013. Mr Onkar has over ten (10) years of experience in the equity and capital market. His initial role was Research Analyst at PPFAS Limited. He was subsequently promoted to Head-Research in 2011. He is working with the company as an Associate Fund Manager and manages 4 different schemes with an AUM of ₹1,495 Cr.

Mr Raj Mehta

Mr Raj Mehta, B.Com, M.Com (Mumbai University), Chartered Accountant, CFA Charter Holder, joined PPFAS Mutual Fund as an intern in 2012. Presently, he works as a Debt Fund Manager. He currently manages 6 schemes with an AUM of ₹25,211 Cr. He is an ICAI (Institute of Chartered Accountants of India) Fellow Member. He has also been awarded with the certificate by NCFM and FIMMDA for completing the ‘NSE Debt Market Module.’ He is regularly invited to various TV programs and is a columnist in some reputed financial publications.

How to Invest in PPFAS Mutual Fund?

The process of investing in PPFAS Mutual Funds is easy and convenient on the 5Paisa platform. As one of the country’s largest investing platforms, 5Paisa allows you to easily add PPFAS and other mutual funds to your portfolio. Here are the steps you need to follow to invest in PPFAS  Mutual Fund online:

  • Step 1: Log in to your 5Paisa Account. In case you do not have one, register and create a new 5Paisa account in 3 easy steps. Alternatively, you can also download the 5Paisa app on your smartphone for Android or IOS and log in from your device. 
  • Step 2: Search for the PPFAS Mutual Fund scheme that you wish to invest in
  • Step 3: Select the suitable option as per your specific requirement and risk appetite
  • Step 4: Select the investment type from SIP (Systematic Investment Plan) or Lumpsum investment
  • Step 5: Put the amount that you’d like to invest and proceed with the payment option by clicking on the ‘Invest Now button

This completes the investment process on the 5Paisa platform. Once your payment is successfully debited, you can see the PPFAS Mutual Fund reflected in your 5Paisa account In approximately 3-4 working days. If you selected the SIP option, the amount chosen would get deducted every month starting from the initial payment date.

Top PPFAS Mutual Funds to Invest

Here are the top PPFAS mutual fund investment options you can look at that have provided high returns to investors-

Parag Parikh Flexi Cap Fund

Parag Parikh Flexi Cap Fund Direct-Growth is an open-ended dynamic equity scheme investing across large cap, mid-cap, and small-cap stocks. The fund’s investment objective is to generate long-term capital growth from an actively managed portfolio of equity and equity-related securities. 

On average, the fund invests over 65% of its assets in stocks of listed Indian companies in getting the benefits w.r.t. favourable capital gains taxation under Direct Taxes. The fund believes in compounding and provides only the Growth option to investors.

Parag Parikh Flexi Cap Fund Direct-Growth fund is ideally suitable for investors seeking investment for a minimum period of 5 years and aims to provide long-term capital appreciation. The fund is co-managed by Mr Raj Mehta, Mr Raunak Onkar and Mr Rajeev Thakkar.

The fund has given 25.18% annualised returns in the past 3 years and 18.2% in the last 5 years. The minimum amount required to invest in Parag Parikh Tax Saver Fund via lump sum is 500 and via SIP is 1000

  • Category: Equity
  • Scheme Type: Equity-Direct Growth
  • Fund Type: Open-ended
  • NAV: 49.9775, as of July 29, 2022
  • Avg AUM: ₹ 22,323.99 Crores, as of June 30 2022
  • Risk category: High risk
  • Fund Manager: Mr Raunak Onkar, Mr Raj Mehta, Mr Rajeev Thakkar
  • SIP (Minimum Amount): INR 1000/- 
  • SIP Frequency: Monthly
  • Minimum Investment Amount lumpsum: INR. 500/-
Min Investment Amt ₹1,000
AUM ₹27,712 Cr
1Y Returns -3.9%

Parag Parikh Liquid Fund

The Parag Parikh Liquid Fund (Growth) belongs to the debt category of the PPFAS mutual fund and has given 3.81% annualised returns in the past three years. The key investment objective of the fund is to deliver reasonable market-related returns to investors with lower risk and high liquidity through safe investments in the money market and debt instruments. (Non-Guaranteed).

The fund is managed by Mr Raj Mehta and is best suited for investors looking to invest for 1-4 years. This fund’s asset class is less volatile than equity and is likely to provide stable but slow growth. 

Parag Parikh Liquid Fund (G) was first launched on May 11, 2018, and belongs to Low to Moderate Risk. The minimum amount required to invest in Parag Parikh Tax Saver Fund via lump sum is 500 and via SIP is 1000

  • Category: Debt
  • Scheme Type: liquid- Growth
  • Fund Type: Open-ended
  • Risk Category: Low to moderate risk
  • NAV:1206.7519, as of July 29, 2022
  • Avg AUM:  ₹ 1,391.68, as of June. 30, 2022
  • Fund Manager: Mr Rajeev Thakkar, Mr Raunak Onkar, Mr Raj Mehta, Mr Rukun Tarachandani
  • SIP (Minimum Amount): INR 1000/- 
  • SIP Frequency: Monthly
  • Minimum Investment Amount lumpsum: INR. 500/
Min Investment Amt ₹5,000
AUM ₹1,511 Cr
1Y Returns 4.4%

Parag Parikh Tax Saver Fund

The  Parag Parikh Tax Saver Fund Direct belongs to the equity category of PPFAS funds and has given 24% annualised returns to the investors in the last three years. The key investment objective of the fund is to generate long-term capital appreciation through a diversified portfolio of equity and equity-related instruments.

Parag Parikh Tax Saver Fund (G) is primarily meant for investors with a minimum investment horizon of 5-7 years. Due to the asset class nature, Parag Parikh Tax Saver Fund (G) investors can expect volatility in their investments over the short term. 

The minimum amount required to invest in Parag Parikh Tax Saver Fund via lump sum is 500 and via SIP is 1000

  • Category: Equity
  • Scheme Type: Tax saver Growth
  • Fund Type: Open-ended
  • NAV: ₹ 19.2819, as of July 29, 2022
  • Avg AUM: ₹ 617.75
  • Fund Manager: Mr Rajeev Thakkar, Mr Raunak Onkar, Mr Raj Mehta, Mr Rukun Tarachandani
  • SIP (Minimum Amount): INR 1000/- 
  • SIP Frequency: Monthly
  • Minimum Investment Amount lumpsum: INR. 500/-
Min Investment Amt ₹500
AUM ₹848 Cr
1Y Returns 11.6%

Parag Parikh Conservative Hybrid Fund

Belonging to the hybrid category of PPFAS mutual funds, Parag Parikh Conservative Hybrid Fund Direct-Growth is another popular fund from the AMC. The fund invests primarily in debt instruments and has given an 8.3% annualised return for 1 year.

The key objective of the fund is to generate regular income through investments predominantly in debt and money market instruments and also generate long-term capital appreciation from the equity investments portion under the scheme. However, the fund gives no assurance or guarantee that the scheme’s investment objective will be realised.

Parag Parikh Conservative Hybrid Fund (G) was first launched on May 26, 2021, and the category risk of the fund is Moderately High risk. The minimum amount required to invest in Parag Parikh Tax Saver Fund via lump sum is 500 and via SIP is 1000

  • Category: Hybrid
  • Scheme Type: Hybrid-Direct Growth
  • Fund Type: Open-ended
  • Risk category– Moderately high risk
  • NAV: 10.0633 as of July 29, 2022
  • Avg AUM:  ₹ 877.920, as of June 30, 2022
  • Fund Manager: Mr Rajeev Thakkar, Mr Raunak Onkar, Mr Raj Mehta, Mr Rukun Tarachandani
  • SIP (Minimum Amount): INR 1000/- 
  • SIP Frequency: Monthly
  • Minimum Investment Amount lumpsum: INR. 500/-
Min Investment Amt ₹5,000
AUM ₹1,063 Cr
1Y Returns 7.6%

Frequently Asked Questions

You can invest in PPFAS Mutual Fund online directly through the 5Paisa platform. Alternatively, they can invest in PPFAS Mutual Fund through the fund houses’ website or any other online platform or mobile application.

As per SEBI’s/AMC vide SEBI Circular no. CIR/IMD/DF/21/2012 dated September 13, 2012, all mutual funds are required to provide a separate direct investment plan, i.e. investments not routed through a distributor, both in existing and new schemes. In line with this circular, PPFAS Mutual Fund has launched separate plans under its flagship scheme Parag Parikh Flexi Cap Fund, for direct investments, known as ‘direct plans.

The ‘Direct PPFAS Plan’ has a lower expense ratio than the ‘Regular PPFAS Plan’ in the same scheme since there is no commission to be paid to the distributor under this plan.

If you are an offline investor subscribing under the direct plan of the PPFAS scheme, you will have to indicate the Scheme Name followed by the words’ Direct Plan’. For instance, Parag Parikh Flexi Cap Fund – Direct Plan. You can also mention “Direct” in the ARN column of the application form.

If you are an online investor, you have two different options-

  • If you have routed your initial investment through a distributor, any additional investment will automatically be routed through the regular plan
  • If you wish to invest through the direct plan, you should click on the direct plan option before proceeding, and this will be treated as an investment in a new folio.

You can stop their SIP in PPFAS Mutual Fund online. To do this, you need to directly visit the PPFAS Mutual Fund website, log in with the folio number, and stop the SIP. Alternatively, you can log in to the platform where they started the PPFAS Mutual Fund investment and stop the SIP.

Here is the list of documents needed to incur a PPFAS mutual fund for the first time-

  • KYC documents of all holders
  • Bank account proof
  • Power of Attorney (notarised)
  • PIO/OCI card
  • Board resolution/Authorisation to invest
  • List of authorised signatories (with specimen signature)
  • Overseas auditors certificate

Yes. With 5Paisa, you can easily invest in the PPFAS Mutual Fund of your choice at zero commission. In addition, investing with 5Paisa is fully safe and gives you benefits such as:

  • Professional management of funds
  • Complete transparency for liquidity
  • Simple SIP or lump sum investment process 
  • You can invest in PPFAS mutual funds by starting a SIP as low as INR 1000
  • Gives you the flexibility to choose from a wide range of options

Yes, you can easily increase the SIP amount at any time. To do so, you need to follow the below procedure-

  • Go to the SIP section and select the SIP that you want to increase/revise the amount for
  • Once you have selected the SIP of your choice, choose the EDIT SIP option
  • Update the SIP amount, frequency, or instalment date as per your preference
  • Once you have updated the details, you will receive a notification about the revisions to your SIP

PPFAS (Parag Parikh Financial Advisory Services Limited) Asset Management Pvt. Ltd. is a renowned Indian asset management company offering mutual fund schemes to Indian and foreign investors.

PPFAS Mutual Fund currently provides one equity scheme (Parag Parikh Flexi Cap Fund), one ELSS scheme (Parag Parikh Tax Saver Fund), one hybrid fund (Parag Parikh Conservative Hybrid Fund), and one liquid fund (Parag Parikh Liquid Fund).

Mr Rajeev Thakkar, Mr Raunak Onkar, and Mr Raj Mehta are the top fund managers of PPFAS Mutual Fund.

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