Introduction to Parag Parikh Mutual Funds:
PPFAS (Parag Parikh Financial Advisory Services Limited) Asset Management Pvt. Ltd. is a well-known Indian asset management company that offers mutual fund schemes to both Indian and overseas clients. PPFAS AMC is the PPFAS Mutual Fund’s registered asset manager. The mutual fund firm was established in 2012, and the first plan debuted in May 2013. The company’s SEBI registration number is MF/069/12.
PPFAS Mutual Funds now offers one equity scheme (Parag Parikh Flexi Cap Fund), one ELSS scheme (Parag Parikh Tax Saver Fund), one hybrid scheme (Parag Parikh Conservative Hybrid Fund), and one liquid scheme (Parag Parikh Liquid Fund). In India, investors can invest in PPFAS mutual funds both online and offline (through authorised distributors).
In 1983, Parag Parikh Securities Ltd. became Parag Parikh Financial Advisory Services Limited. It was registered as an equities brokerage house with the Bombay Stock Exchange. The company’s name was changed to Parag Parikh Financial Advisory Services Limited(PPFAS) in 1994 . In 1996, the company was the first in India to offer a Portfolio Management Service (PMS) called Cognito. PPFAS Limited has over two years of broad and diversified portfolio management experience in equities, fixed income, and mutual funds. Mutual fund houses, financial institutions, banks, overseas institutional investors, corporate houses, and individual investors are among the company’s clients.
Mr Neil Parikh, Mr Rajeev Thakkar, Mr Suneel Gautam, Mr Sahil Parikh, Mr Shashi Kataria, and Ms Dipti Neelakantan (Independent Director) serve on the board of directors of the PPFAS mutual fund .
PPFAS mutual fund provides a distinct market outlook. Unlike other mutual fund companies, they only provide one plan in each of the following categories: equity, ELSS, liquid, and hybrid. They think that if one fund is given complete attention, it will outperform all other funds in the category. Approximately 20% of the total Asset Under Management (AUM) is always kept in cash and cash equivalents by the fund company. This guarantees that they can enter the market when values are favourable.
The investor base of the PPFAS mutual fund has steadily increased. While there were just 1,726 investors in March 2014, that number has already increased to 655,738. (as of March, 2021). In addition, its SIP book size increased to INR 158.23 crore in March 2014, up from INR 0.05 crore in March 2014. The operational income of the fund house has climbed to INR 3,313.04 lakhs in March 2021, up from INR 1,876.12 lakhs in March 2020. Furthermore, the company’s Profit After Tax (PAT) has increased to INR 919.18 lakhs in the fiscal year 2020-21, up from 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 |
Best PPFAS Mutual Funds (As of Dec 18, 2022)
| Fund Name | Category | Fund Size (in Cr) | 1Y Returns | 3Y Returns | 5Y Returns |
| Parag Parikh Tax Saver Fund Direct-Growth | Equity | 880.81 | 8.85 | 25.52 | – |
| Parag Parikh Flexi Cap Fund Direct-Growth | Equity | 28,373.04 | -4.96 | 24.01 | 17.66 |
| Parag Parikh Liquid Fund Direct-Growth | Debt | 1,511.00 | 4.28 | 3.8 | – |
| Parag Parikh Conservative Hybrid Fund Direct-Growth | Hybrid | 1,082.77 | 6.37 | – | – |
Top Parag Parikh Mutual Funds Managers
- Mr Rajeev Thakkar
Mr Rajeev Thakkar is the Chief Investment Officer and Manager of the Equity Fund of PPFAS Mutual Fund. He holds a B. Com. from Bombay University, is a Chartered Accountant, a CFA Charter Holder, and a Graduate of ICWA. He began working for the organisation in 2001, and from 2011 to 2012, he served as the PPFAS Mutual Fund’s CEO. He has been managing 4 schemes with an AUM of Rs. 23,819 Cr since 2013 while employed at PPFAS AMC. Mr Thakkar has a wide range of experience in financial services and money management. His areas of competence include fixed-income portfolio management, broking, investment banking, and PMS operations.
- Mr Raunak Onkar
After completing his internship, Mr Raunak Onkar, BSc. IT (Bombay University) and MMS- Finance (Bombay University), joined PPFAS Limited in 2009. He now manages funds as a specialised fund manager for international investments and an associate fund manager. Since its debut in May 2013, he has been in charge of overseeing the PPFAS mutual fund’s international division. Mr Onkar has more than ten (10) years of equities and capital market expertise. At PPFAS Limited, he began as a research analyst. In 2011, he received a promotion to Head-Research. He now has an AUM of Rs. 1,495 Cr and oversees 4 different schemes while employed by the organisation as an Associate Fund Manager.
- Mr Raj Mehta
Mr Raj Mehta holds a CFA charter and holds a B.Com. and M.Com. from Mumbai University, joined PPFAS Mutual Fund in 2012 as an intern. He is currently employed as a Debt Fund Manager. He presently oversees 6 schemes totalling Rs. 25,211 Cr in AUM. He is a Fellow Member of the Institute of Chartered Accountants of India (ICAI). Additionally, he received a certificate from NCFM and FIMMDA for finishing the “NSE Debt Market Module.” He frequently receives invitations to appear on various TV shows and writes a column for certain reputable financial newspapers.
How To Invest In Parag Parikh Mutual Funds?
Kuvera allows you to invest in direct mutual funds without paying fees. Since it is completely free and assists you in selecting the ideal investment for your financial objectives, it is the greatest platform for mutual fund investing.
Follow these instructions to invest in mutual funds through Kuvera:
Step 1: Register at kuvera.in
Step 2: Complete the KYC procedures and link your bank account
Step 3: In the Explore section, click on MF to select Parag Parikh Mutual Funds for investment
Step 4: Choose the best solution based on your unique requirements and risk tolerance.
Step 5: Decide whether to make a lump sum investment or a systematic investment plan.
Step 6: Enter the amount you wish to invest and select the appropriate payment method by clicking the “Buy Now” button.
KYC Required To Invest In Parag Parikh Mutual Funds / Kuvera
Know Your Customer or KYC, aids with client identification. The KYC criteria are set out by SEBI. Investors must follow KYC regulations. They cannot invest in SEBI-registered mutual funds before that time. A KYC form contains information on a person’s identity, demographics, address, financial situation, and occupation.
With Kuvera, one may obtain their KYC online. Indian citizens who are residents and PIOs who are living in India will need the following paperwork for KYC:
- Photograph
- Pan Card
- Address verification (front and back of Aadhar card) or Driving License/ Passport/Voter ID card
- Video Selfie: Take a 5-second video selfie while looking into the camera
- Sign the KYC Authorisation Letter
Your KYC papers can be uploaded in clear, colour scans at the time of registration.
How to Download Parag Parikh Mutual Funds Investment Statement?
Logging onto CAMSonline allows you to get account statements from Asset Management Companies (AMCs) for your mutual fund investments. CAMS is an acronym for Computer Age Management Services, a Registrar & Transfer (R & R&T) Agency registered with SEBI.
- Log in to CAMSonline and select ‘Investor Services’ from the top menu.
- Then, on the left side of the menu, select the ‘Mailback Services’ tab. Choose ‘Consolidated Account Statement – CAMS+Karvy+FTAMIL+SBFS’ next.
- After that, you must provide a valid email address and select a password.
- The password should not be the same as the password for your email account; CAMS will only use this password to encrypt the file emailed to you.
- After that, the account statements will be delivered to your registered email address within an hour.
- To open and see the file, you must enter the password you created earlier. You can also request a single folio statement instead of a CAS.
- You can do so by selecting the ‘Single Folio Account Statement’ option from the drop-down menu.
This website will also include information on Short-Term Capital Gains (STCG) and Long-Term Capital Gains (LTCG). Please keep in mind that CAMSonline may also request your PAN.
Top PPFAS Mutual Funds
Here are the best PPFAS mutual fund investment alternatives that have delivered investors great returns.
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Parag Parikh Flexi Cap Fund
The Parag Parikh Flexi Cap Fund Direct-Growth is an open-ended dynamic equity fund that invests in large, mid and small-cap firms. The fund’s investment goal is to achieve long-term capital growth by investing in a portfolio of equities and equity-related securities that is actively managed.
On average, the fund invests more than 65% of its assets in equities of publicly traded Indian firms to take advantage of favourable capital gains taxation under Direct Taxes. The fund believes in compounding and offers investors just the Growth option.
Mr Raj Mehta, Mr Raunak Onkar, and Mr Rajeev Thakkar co-manage the fund.
The fund has produced annualised returns of 25.18% over the previous three years and 18.2% over the last five years. The minimum amount necessary to invest in Parag Parikh Tax Saver Fund in a lump sum is Rs.1000, while the minimum amount required to invest in SIP is Rs.1,000.
- Category: Equity
- Scheme Type: Equity-Direct Growth
- Fund Type: Open-ended
- NAV: ₹52.3356, as of November 18, 2022
- Avg AUM: ₹₹27,712.07 Crores, as of November 18, 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. 1000/-
- 1Y Returns: -4.96%
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Parag Parikh Liquid Fund
Parag Parikh Liquid Fund (Growth) belongs to the debt category and has provided 3.8% annualised returns over the last three years. The fund’s primary investment goal is to provide adequate market-related returns to investors with low risk and good liquidity through safe investments in money market and debt instruments.
Mr Raj Mehta manages the fund, which is best suited for clients wishing to invest for 1-4 years. The asset type of this product is less volatile than equity and is expected to produce consistent but moderate growth.
The Parag Parikh Liquid Fund (G) was established on May 11, 2018, and is classified as Low to Moderate Risk. The minimum amount necessary to invest in Parag Parikh Tax Saver Fund in a lump sum is Rs. 5000, while the minimum amount required to invest in SIP is Rs.1,000.
- Category: Debt
- Scheme Type: liquid- Growth
- Fund Type: Open-ended
- Risk Category: Low to moderate risk
- NAV: Rs.1226.8539, as of November 18, 2022
- Avg AUM: Rs.1,511.04, as of November 18, 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. 5000/
- 1Y Returns 4.28% as of November 18, 2022
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Parag Parikh Tax Saver Fund
Parag Parikh Tax Saver Fund Direct belongs to the equities category of PPFAS funds and has provided investors with annualised returns of 25.52% over the previous three years. The fund’s primary investing goal is to achieve long-term capital appreciation through a diverse portfolio of equities and equity-related assets.
The Parag Parikh Tax Saver Fund (G) is primarily intended for investors with a 5-7 year investment horizon. Investors in Parag Parikh Tax Saver Fund (G) might expect volatility in their investments due to the asset class’s nature.
- Category: Equity
- Scheme Type: Tax saver Growth
- Fund Type: Open-ended
- NAV: Rs. 21.2964, as of November 18, 2022
- Avg AUM: Rs. 848.19 as of November 18, 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 ₹500.0
- 1Y Returns: 8.85% as of November 18, 2022
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Parag Parikh Conservative Hybrid Fund
Another famous fund from the AMC is the Parag Parikh Conservative Hybrid Fund Direct-Growth, which belongs to the hybrid type of PPFAS mutual funds. The fund primarily invests in debt securities and has produced an annualised return of 6.37% over the last year.
The primary goal of the fund is to provide regular income through investments mostly in debt and money market instruments, as well as long-term capital appreciation from the scheme’s equity assets. The fund, however, makes no promise or guarantee that the scheme’s investment goal will be met.
The Parag Parikh Conservative Hybrid Fund (G) was initially established on May 26, 2021, and the fund’s category risk is Moderately High. The minimum amount necessary to invest in Parag Parikh Tax Saver Fund in lump sum is Rs. 5000, while the minimum amount required to invest in SIP is Rs.1,000.
- Category: Hybrid
- Scheme Type: Hybrid-Direct Growth
- Fund Type: Open-ended
- Risk category– Moderately high risk
- NAV: 10.0633 as of November 18, 2022
- Avg AUM: ₹ 877.920 as of November 18, 2022
- Fund Manager: Mr Rajeev Thakkar, Mr Raunak Onkar, Mr Raj Mehta
- SIP (Minimum Amount): INR 1000/-
- Minimum Investment Amount lumpsum: INR. 5000/-
FAQs
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Is PPFAS Mutual Fund A Good Investment?
PPFAS was founded in 1992 and has over 28 years of expertise in the industry.
PPFAS Mutual Fund has a unique approach to investing. It is based on the ‘Law of the Farm’ method. This suggests that everything takes its own time, and hurrying will have the opposite effect. The AMC has a reasonably long holding time in accordance with the plan. The fund manager believes in straightforward investment strategies.
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Which PPFAS Mutual Fund Is The Most Suitable?
What comprises the market’s best performing funds may not be the ideal investment for all investors. An investor must select funds that fit their investment objectives and time horizon. Investors should also be able to handle the fund’s risk.
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How Do I Withdraw From A PPFAS Mutual Fund?
To withdraw funds from PPFAS Mutual Fund, go to the nearest PPFAS Mutual Fund office and fill out a form. They may also go to the PPFAS Mutual Fund website and redeem the investment by entering the folio number. They can also withdraw their PPFAS Mutual Fund assets through the original web platform where they invested.
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