PPFAS Mutual Fund, founded in 2013, is sponsored by Parag Parikh Financial Advisory Services Limited, established in 1992 by Late Parag Parikh, a highly regarded stock market investor.
PPFAS Mutual Fund believes in having a limited suite of offerings and offers only 4 unique schemes including one of the largest equity schemes in India: Parag Parikh Flexi Cap Fund (AUM: ₹40,000+ crore)
Neil Parikh, the son of Parag Parikh (after whom the mutual fund is named), serves as the Chairman and Chief Executive Officer. Rajeev Thakkar is the CIO (Chief Investment Officer) at PPFAS Mutual Fund and is popular for his ‘value investing’ approach.
As of February 2024
Schemes
5
AUM
₹68,221 Cr
AUM growth
₹2,057 Cr
Fund managers
5
Name | Fund size | Expense Ratio | 1 Y | 3 Y |
---|---|---|---|---|
Parag Parikh Flexi Cap Fund Direct Growth Flexi Cap Very High Risk | ₹63,933 Cr | 0.56% | 37.4% | 22.9% |
Parag Parikh Tax Saver Fund Direct Growth ELSS (Tax Savings) Very High Risk | ₹3,360 Cr | 0.72% | 33.3% | 22.4% |
Parag Parikh Liquid Fund Direct Growth Liquid Low to Moderate Risk | ₹2,117 Cr | 0.17% | 6.9% | 5.4% |
Parag Parikh Arbitrage Fund Direct Growth Arbitrage Fund Low Risk | ₹433 Cr | 0.36% | % | % |
Parag Parikh Conservative Hybrid Fund Direct Growth Conservative Allocation Moderately High risk | ₹1,940 Cr | 0.35% | 16.7% | % |
Raj Mehta
₹68,391 Cr
AUM
6
Schemes
₹66,254 Cr
AUM
5
Schemes
₹66,254 Cr
AUM
5
Schemes
Rukun Tarachandani
₹66,254 Cr
AUM
5
Schemes
Mansi Kariya
₹68,391 Cr
AUM
6
Schemes
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Mutual fund name | PPFAS Mutual Fund |
Asset management company name | PPFAS Asset Management Private Ltd |
AMC Setup Date | 10 October 2012 |
AMC Incorporation Date | 8 August 2011 |
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 | Mr. Neil Parikh |
CIO | Mr. Rajeev Thakkar |
Compliance Officer | Ms. Priya Hariani |
Investor Service Officer | Mr. Aalok Mehta |
Updated as of | February 2024 |