Parag Parikh Long Term Equity Fund, (PLTEF) the flagship equity scheme of PPFAS Mutual Fund, has completed seven years on 24th May 2020. Currently, the fund house has around two lakh forty thousand investors and manages assets of Rs. 2925.43 crores.
The Scheme classifies itself as a 'Multi-Cap' scheme. Its investment universe is not bound by any market-capitalisation or sectoral restrictions. It can also participate in 'special situations' / 'arbitrage' opportunities arising in India. It also has the freedom to invest in stocks listed overseas.
Neil Parag Parikh, Chairman and CEO, PPFAS Mutual Fund said, "On our 7th anniversary, I thank all our investors, partners, advisors and media for their trust and support. We remember our Founder, Mr. Parag Parikh on this occasion as he was instrumental in laying the foundation and culture at PPFAS. I am proud that we have stuck to our values and philosophies and have never compromised on those. I believe we have managed to ‘walk the talk’ by being honest in our actions, transparent in our communication and disciplined in our investment process. This feels like just the beginning and we have a long journey ahead.”
Also, consistent with our preference for 'digital over terrestrial', we aim to increase our penetration with the help of our Mobile App. and Web App. titled 'PPFAS SelfInvest'. Mr. Parikh further added.
PPFAS Mutual Fund is also regarded as one of the most accessible Fund houses. Besides having an active presence on social media, it is the only fund house in India to conduct an AGM (Annual General Meetings) for its unitholders.
PPFAS Mutual Fund offers only three schemes. The flagship scheme Parag Parikh Long Term Equity Fund invests in both the Indian and overseas market. The fund house launched a liquid fund in 2018 and added Parag Parikh Tax Saver Fund, an ELSS with Statutory 3-year lock-in to the product’s basket last year.