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PPFAS Mutual Fund Launches Conservative Hybrid Fund: NFO Closes On May 21

12 May 2021
3 minutes

PPFAS Mutual Fund is launching a new fund offer for Parag Parikh Conservative Hybrid Fund. The NFO is opening for subscription on May 7 and closing on May 21.

Investment Objective

Parag Parikh Conservative Hybrid Fund aims to generate regular income for its investors through its investments in debt and money market instruments. The fund will also seek to generate long-term capital appreciation from its equity investments.

Indicative Asset Allocation

Types of Instruments  Normal allocation  (% of total assets)  Risk Profile
Minimum Maximum
Debt securities and money market instruments 75% 90% Low to Medium
Equity and related instruments 10% 25% Medium to High
Units issued by REITs and InvITs 0% 10% Medium to High

Fund Details

Scheme name Parag Parikh Conservative Hybrid Fund
Type of scheme An open-ended hybrid scheme investing primarily in debt instruments. 
NFO Dates May 7, 2021, to May 21, 2021
Fund Managers
  • Rajeev Thakkar: CIO & Equity Fund Manager
  • Raj Mehta: Debt Fund Manager
  • Raunak Onkar: Equity Fund Manager
Initial Purchase Rs.5,000 and in multiples of Re. 1/- after that.  
Additional Purchase Rs.1,000 and in multiples of Re. 1/- after that.
Minimum Redemption Amount Rs. 1,000 or 1 units or account balance, whichever is lower
Load a) Entry Load: Not Applicable 

b) Exit Load: 

Nil%: If 10% of the investment is redeemed/switched out within 12 months from the date of unit allotment

1%: If more than 10% of units are redeemed within 12 months

NIL: For redemption / switch-out of units after 1 year from the date of allotment

Plans Direct and Regular
Options
  1. Growth
  2. Income Distribution cum Capital Withdrawal (IDCW):
  • Monthly Reinvestment of Income Distribution cum capital withdrawal option
  • Monthly Payout of Income Distribution cum capital withdrawal option 
SIP Amount Monthly (Minimum 6 instalments) Minimum SIP Amount: Monthly – Rs. 1000 

Quarterly: Rs. 3000

Benchmark

CRISIL Hybrid 85+15 – Conservative Index TRI

The index tracks a debt-oriented hybrid portfolio; 15% of S&P BSE 200 and 85% of CRISIL Composite Bond Fund Index.

Fund Managers

Raj Mehta: Raj has collectively over 6 years of experience in investment research. He started his career with PPFAS Asset Management Pvt Ltd as an intern in 2012. Following which he joined the company as a Research Analyst in 2013.

He is a Commerce Graduate from the University of Mumbai, a fellow member of the Institute of Chartered Accountants of India (ICAI), and a CFA Charter Holder. He is also a certificate holder of the FIMMDA-NSE Debt Market module issued by NCFM.

Schemes managed by him are:

  • The debt component of Parag Parikh Flexi Cap Fund since 2016
  • Parag Parikh Liquid Fund and Parag Parikh Tax Saver Fund

Rajeev Thakkar: Rajeev Thakkar possesses relevant experience of over two decades in various segments of the financial markets such as investment banking, corporate finance, securities broking, and fund management.

Rajeev Thakkar has over 18 years of experience in various segments of the financial markets such as investment banking, corporate finance, securities broking, and fund management.

His fund management career commenced in 2003 when he was appointed the Fund Manager for PPFAS Portfolio Management Service’s flagship scheme titled “Cognito”. 

Schemes managed by him are:

  • Parag Parikh Flexi Cap Fund
  • Parag Parikh Tax Saver Fund

Raunak Onkar: Mr Onkar heads the research department. He started his career at PPFAS as part of his internship during MBA. He holds an MMS (Finance) degree from the University of Mumbai.

Schemes managed by him are:

  • Overseas investments of Parag Parikh Flexi Cap Fund
  • Co- Fund Manager for Parag Parikh Tax Saver Fund

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