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PPFAS Mutual Fund: NAV, Performance & Latest MF Schemes

PPFAS is a unique fund house that draws its inspiration from the Hammurabi Code. King Hammurabi (18th Century BC) is recognised as the world’s first coder of social laws. Hammurabi’s law stated that if a house collapses, causing the occupant’s death, it is the builder’s liability, and he must be executed. To demonstrate this conviction in their asset management methodology, the management motivated company insiders to buy units in the Parag Parikh Flexi Cap Fund. Presently, company insiders hold 4.653 Crore units, and the total amount they have invested is INR 156.41 Crores. The management believes that when their own stake is involved in the fund, they will take informed decision and never indulge in reckless behaviour.

The promoter of PPFAS Asset Management Company (PPFAS AMC) is Parag Parikh Financial Advisory Services Pvt. Ltd. (PPFAS Ltd.). PPFAS Ltd. is a 1992-incorporated boutique investment advisory firm. It is also one of the oldest SEBI Registered Portfolio Management Service (PMS) providers in India.

The PPFAS mutual fund’s investment methodology is much different from other mutual fund houses operating in India. While most other companies run after algorithms, momentum, and technical analysis, PPFAS mutual fund relies on conventional metrics like cash flow, debt, price-earnings, etc., to pick stocks with tremendous growth potential.

Another unique thing about PPFAS mutual fund is that it stops accepting lump sum deposits from the public when equity valuations are extremely high. Generally, when the market is at its peak, retail investors get carried away and pour in money. While eventually, the market consolidates, investors grapple with monumental losses. PPFAS mutual fund’s innovative fund management style intends to reduce losses and generate profits consistently.

PPFAS AMC is headed by Mr Neil Parag Parikh, who is the Chairman and Chief Executive Officer of the company. He holds 15,61,216 units in the Parag Parikh Flexi Cap Fund. The Investment Manager of PPFAS Mutual Fund is PPFAS Asset Management Private Limited. The company was registered on 08/08/2011. Parag Parikh Financial Advisory Services Private
Limited holds 100% shares in the company.

PPFAS mutual fund’s Asset Under Management (AUM) grew to INR 2,871.87 Crore in the financial year 2019-20 from INR 1,961.51 Crore in the previous financial year. In the financial year 2018-19, the AMC had 80,289 investors investing in its various mutual fund schemes. The figure increased to 1,84,789 in the financial year 2019-20.

PPFAS Asset Management Private Limited’s operating income increased to INR 1,832.12 lakhs in the financial year 2019-20 from INR 1,538.31 lakhs in the previous year. The AMC’s Profit before Depreciation, Tax and Exceptional & Extraordinary items grew to INR 638.29 lakhs from 618.53 lakh. And the Reserves & Surplus increased to INR 3,061.16 lakhs from 2,715.15 lakhs.

Important Information About PPFAS Mutual Fund

Mutual Fund NamePPFAS Mutual Fund
Investment ManagerPPFAS Asset Management Private Limited
Established10th October 2012
Date of Incorporation8th August 2011
Sponsor Parag Parikh Financial Advisory Services Limited 81/82, 8th Floor, Sakhar
Bhavan, Ramnath Goenka
Marg, 230 Nariman Point,
Mumbai-400021
TrusteePPFAS Trustee Company Private Limited
Chairman and Director, PPFAS Asset Management Private LimitedNeil Parag Parikh
Chief Executive OfficerNeil Parag Parikh
DirectorRajeev Thakkar Shashi Kataria
Independent DirectorsKamlesh Somani Rajesh Bhojani Arindam Ghosh
Chief Financial OfficerShashi Kataria
Compliance OfficerPriya Hariani
Investor Service OfficerAalok Mehta
Statutory AuditorsCVK & Associates, Chartered Accountants 2, Samarth Apartments, D S Babrekar Road,
Off Gokhale Road (North), Dadar (West),
Mumbai 400 028
Tel. No: +91-22-24468717,+ 91-22-24451488
Fax. No: +91-22-24466139
BankersHDFC Bank Limited 81/82, 8th Floor, Sakhar Bhavan, Ramnath Goenka Marg, 230 Nariman Point – 400021
Registered Address, PPFAS Asset Management Pvt.Ltd.81/82, 8th Floor, Sakhar Bhavan, Ramnath Goenka Marg, 230 Nariman Point Mumbai – 400021
Phone 22-61406555 / 1800-266-7790
Fax022-61406590
Emailmf@ppfas.com
Websitehttp://www.amc.ppfas.com
Registrar & Transfer AgentComputer Age Management Services Ltd. Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002 Phone: 1800-3010-6767 / 1800-419-7676 Fax: 044-30407101 Email: enq_h@camsonline.com Website: www.camsonline.com

Three Top-Performing PPFAS Mutual Fund Schemes 

  1. Parag Parikh Flexi Cap Fund (formerly known as Parag Parikh Long Term Equity Fund)

The Parag Parikh Flexi Cap Fund, with a NAV of 38.8948 (Regular Growth) (as on 13th April, 2021), is the top-performing fund in the ‘Equity: Flexi Cap’ category. This open-ended fund was launched on 28th May 2013 and has given trailing returns of 70.41% in one year (as on 13th April, 2021). The fund considers the NIFTY 500 TRI as its benchmark. 

Key Information

Minimum InvestmentINR 1,000
Minimum Additional InvestmentINR 1,000
Minimum SIP InvestmentINR 1,000
Minimum WithdrawalINR 1,000
Exit Load2% for redemption before 365 days; 1% for withdrawals between 366 amd 730 days; Nil for redemption after 731 days
Return Since Inception (28th May 2013):18.81% (as on 13th April, 2021)
AssetsINR 8,182 Crore (as on 31st March, 2021)
Expense Ratio1.86% (as on 28th February, 2021)

2. Parag Parikh Liquid Fund

The Parag Parikh Liquid Fund, with a NAV of 1,150.8854 (Regular Growth) (as on 14th April, 2021), is the top-performing fund in the ‘Debt: Liquid’ category. This open-ended fund was launched on 11th May 2018 and has given trailing returns of 3.10% in one year (as on 12th April, 2021). The fund considers the CRISIL Liquid TRI as its benchmark. 

Key Information

Minimum InvestmentINR 5,000
Minimum Additional InvestmentINR 1,000
Minimum SIP InvestmentINR 1,000
Minimum WithdrawalINR 1,000
Exit LoadNil for redemption after 6 days
Return Since Inception (11th May 2018):4.92% (as on 14th April, 2021)
AssetsINR 1,243 Crore (as on 31st March, 2021)
Expense Ratio0.26% (as on 28th February, 2021)

3. Parag Parikh Tax Saver Fund

The Parag Parikh Tax Saver Fund, with a NAV of 14.5112 (Regular Growth) (as on 14th April, 2021), is the top-performing fund in the ‘Equity: ELSS’ category. This open-ended fund was launched on 24th July 2019 and has given trailing returns of 59.68% in one year (as on 12th April, 2021). The fund considers the NIFTY 500 TRI as its benchmark. 

Key Information

Minimum InvestmentINR 500
Minimum Additional InvestmentINR 500
Minimum SIP InvestmentINR 1,000
Minimum WithdrawalINR 500
Exit LoadNil (Lock-in period – 3 years)
Return Since Inception (24th July 2019):24.12% (as on 13th April, 2021)
AssetsINR 179 Crore (as on 31st March, 2021)
Expense Ratio2.38% (as on 28th February, 2021)

How Can You Invest in PPFAS Mutual Fund Via EduFund?

EduFund is a one-stop app for investing in the top-rated schemes of PPFAS mutual fund. All transactions on EduFund are secured with international-standard authentication and encryption. Hence, hackers or malware can never infringe upon your financial privacy.

Investing in PPFAS mutual fund is a straightforward six-step process:

Step-1: Open Google Play Store or Apple App Store, type ‘EduFund,’ and download the app.

Step-2: Create an account by entering details such as name, email, and mobile phone number.

Step-3: Browse the various PPFAS mutual fund schemes, view the Net Asset Value (NAV), check the returns, expense ratio, nature (open-ended/ close-ended), date of launch, returns since inception, and other details. Choose the scheme that best suits your financial goals.

Step 4: Choose an amount to invest. You can start with a lump sum of INR 5,000 or a SIP (Systematic Investment Plan) of INR 500. EduFund provides you with two options – Growth and Dividend. The dividend option will suit you more if you want to get a regular income. In contrast, the growth option is better if you are investing for getting a lump sum amount after a few years. 

Step-5: When you invest in a scheme, the units get credited to your EduFund account within four (4) days. You can check the current value, NAV, balance, and other details in the app. You can also invest more, withdraw money, or switch to another fund. In case you need further help, EduFund’s expert advisors are available to help you with the selection process. 

Step-6: You are all set to witness the growth of your capital. 

Three Best Performing Fund Managers at PPFAS Mutual Fund

Mr Rajeev Thakkar

Mr Rajeev Thakkar, Chief Investment Officer and Equity Fund Manager, PPFAS mutual fund, joined the company in 2001. His professional journey started in 1994. He has extensive experience in asset management and capital markets. His specialities include investment banking, fixed income, Portfolio Management Services, and broking operations. Before joining PPFAS AMC, he worked as Manager Fixed Income Securities at DIL Vikas Finance Limited for two years. He also worked with Prime Securities as Manager of Investment Banking for five years. Mr Thakkar did his schooling at St. Xavier’s High School and Bachelor of Commerce from Narsee Monjee College of Commerce and Economics. He is also a Chartered Accountant (The Institute of Chartered Accountants of India) and CFA Charter (CFA Institute, USA). Mr Thakkar manages the Parag Parikh Flexi Cap Fund.

Mr Raunak Onkar

Mr Raunak Onkar, Research Head, PPFAS mutual fund, joined the company in January 2012. Before joining PPFAS AMC, he worked with Parag Parikh Financial Advisory Services Limited as an Analyst and Intern (Research Trainee) between May 2008 and January 2012. He has more than ten years of experience in Equity Research, Portfolio Management, Research, Capital Markets, Valuation, Business Analysis, Investments, Finance, Hedging, Asset Management, and Mutual Funds. His educational qualifications include a Bachelor of Science Information Technology and a Masters in Management Studies Finance (University of Mumbai). 

Mr Raj Mehta

Mr Raj Mehta, Fund Manager, PPFAS mutual fund, joined the company in August 2012 as a Research Trainee. Before joining PPFAS AMC, he worked with K.P. Mehta & Co. as an Article Assistant. His specialities include Equity Research Analysis, Financial Analysis, Financial Modelling, Auditing, Accounting, and Taxations. Mr Mehta did B.Com and M.Com from Narsee Monjee College of Commerce and Economics. He is also a CFA Charterholder and Chartered Accountant. He participates in various TV channels and writes for several financial publications. 

Why Should You Invest in PPFAS Mutual Fund?

PPFAS is a unique mutual fund house that offers only three schemes. They identify value-oriented stocks with solid fundamentals and invest. The best thing about PPFAS mutual fund’s flagship scheme Flexi Cap Fund is that it invests in high-quality Indian and international companies that have delivered steady returns irrespective of market conditions. The fund managers at PPFAS AMC have a consistent track record of generating gravity-defying returns. Another exciting thing about PPFAS mutual fund is that it stops accepting lump sum public deposits when they find that the valuations are too stretched. Hence, you should consider investing in a PPFAS mutual fund scheme if you want to make decent profits over the long term.

Select EduFund For Investing in PPFAS Mutual Fund

EduFund brings PPFAS mutual fund schemes at your fingertips. You can start investing with as little as INR 5,000 and benefit from the market upswings. 

EduFund offers you the following distinct features:

  • Customised Financial Plans – EduFund tracks all mutual fund schemes offered by mutual fund houses in India. It uses over 1 lakh data points and 400 financial situations to display the best mutual fund schemes for you. For every financial goal, you can get a personalised investment plan exclusively for you.
  • Talk to a Financial Counsellor – EduFund’s financial counsellor employ time-tested methods to help you find the best scheme that suits your financial profile and goals. You can get free counselling about all your fund-related queries.
  • Explore International Instruments – Besides Indian mutual funds, EduFund also provides you access to US Dollar ETFs and International mutual funds. You do not need any special account to invest in international financial instruments. EduFund’s app is a one-stop destination for everything related to investments.
  • Get Free Calculators – Your goals are unique. EduFund simplifies the more challenging task of calculation. You may use various free tools like the SIP calculator, College Savings Calculator, etc., to easily figure out the amount you will need to fulfil your goals and select the right mutual fund.

EduFund uses bank-like security protocols to ensure 100% safe transactions.

Download the EduFund app now and earn from the economy’s growth.

EduFund

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