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.

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. 

Top 10 PPFAS Mutual Funds Schemes –

Fund Name
Category
Risk
1Y Returns
Rating
Fund Size (in Cr)
Parag Parikh Flexi Cap Fund – Direct Growth Equity Very High 3.29 5 22,647
Parag Parikh Liquid Fund – Direct Growth Debt Low 3.49 2 1,372
Parag Parikh Conservative Hybrid Fund-Dir Growth Hybrid Moderately High 6.64 - 862
Parag Parikh Tax Saver Fund – Direct Growth Equity Very High 10.25 - 618

PPFAS Mutual Fund – 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 – Top 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. 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.    

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 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.

Frequently Asked Questions About PPFAS Mutual Fund

1. What is 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.

2. How many PPFAS mutual fund schemes are currently in operation?

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). 

3. Who are the top fund managers of PPFAS Mutual Fund?

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