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PPFAS Mutual Fund

PPFAS Asset Management Private Ltd. is the asset manager of PPFAS Mutual Fund, established back in 2012. The AMC is registered as a trust under the Indian Trust Act, 1882. It is registered with SEBI vide registration code MF/069/12.

As of March 2022, the AMC offers more than six schemes and has an asset under management of Rs. 23113.6 Crore.

PPFAS AMC abides by the “Law of the Farm”. The law relates to farming, where a farmer can only reap fruitful produce slowly and steadily while practising with effort and discipline. The company has relatively prolonged holding periods, a reflection of this law.

The AMC prides itself of having a different and unique approach to asset management than other companies.

For instance, the company only offers 1 equity scheme. It believes that they can invest in a plethora of areas through this single product. They refrain from launching more schemes as it might create confusion among clients and become perplexing when choosing a fund to invest in.

Secondly, it does not have a sales team. The company does not subscribe to attracting investors by heavily promoting its products. It has a small team of Relationship Managers who seek to establish a robust and long-term relation with the clients. They do not conclude their services once an investor completes the purchase. The official will clear any queries and doubts that their clients have, anytime.

The company boasts of its investment management team and maintains that their approach to performance and asset management is the ideal way to market and sell their products.

Thirdly, it does not utilise the modern factors like algorithms, technical analysis, and momentum to curate a portfolio. Instead, the company uses age-old factors like low debt, cash flow, etc. PPFAS does not seek to attract investors that look for fund managers who have an aggressive approach to the market.

Fourthly, the mutual fund does not accept one-time investments during bullish times. It says that investing during such time may return high profits but it can also backfire.

Fifthly, PPFAS AMC believes that the interest of clients should be similar to those of their employees and management. Hence, their workforce also invests a considerable amount of their investable surplus in the company’s equity fund.

The only two PPFAS Mutual Funds available are:

I. Parag Parikh Long Term Equity Fund

Parag Parikh Long Term Equity Fund is an open-ended equity fund for those looking for an investment horizon of at least 5 years.

The scheme was launched in 24 May 2013 and has an asset under management of Rs. 1,896.65 Crore as of 31 May 2019.

Industry allocation

  • 15.28% in banks
  • 14.36% in internet and technology
  • 13.44% in arbitrage and special situation
  • 10.17% in auto
  • 8.63% in debt and money market instruments
  • 7.84% in finance
  • 7.29% in software
  • 5.57% in auto ancillaries
  • 5.25% in pharmaceuticals
  • 2.77% in consumer non-durables
  • 2.69% in packaged foods
  • 2.27% in consumer services
  • 1.77% in industrial conglomerates
  • 1.46% in hotels, resorts, etc.
  • 1.21% in gas

Portfolio disclosure

  • Core equity

HDFC Bank Ltd. holds the majority portion of the net assets with 8.57%. Bajaj Holdings & Investment Ltd. has 6.82%, Hero Motocorp Ltd. 5.12%, Persistent Systems Ltd. 4.62%, and Axis Bank Ltd. 3.58%.

Other firms with the core equity of this scheme are ICICI Bank Ltd., Indraprastha Gas Ltd., Zydus Wellness Ltd., Sun Pharmaceuticals Industries Ltd., etc.

  • Arbitrage

4.74% of the net assets belong to HDFC, 2.41% by Tata Steel, 2.35% by Maruti Suzuki India Ltd., 1.85% by Century Textiles Ltd., 1.46% by State Bank Of India Ltd., and 0.63% by Yes Bank Ltd.

  • Overseas securities, IDRS and ADRs

Alphabet Inc. holds 9.33% of the net assets while 5.05% goes towards Suzuki Motor Corp, 5.03% to Facebook Inc., 2.69% to Nestle SA, 2.27% to Amazon Inc., and 1.77 to 3M Co.

  • <Debt and money market instruments

6.57% of the net assets of the Parag Parikh Long Term Equity Fund are invested in TREPS including cash and cash equivalent.

II. Parag Parikh Liquid Fund

Parag Parikh Liquid Fund is an open-ended liquid scheme offering low risk and high liquidity by investing in debt and money market instruments.

This scheme was launched in 11 May 2008 and has an asset under management worth Rs. 268.20 Crore as of 31 May 2019.

As of 31 May 2019, the net asset value of this scheme is:

  • Growth – Rs. 1068.40 through direct plan and Rs. 1067.15 through regular plan.
  • Daily dividend – Rs. 1000.20 through direct and regular plan.
  • Weekly dividend - Rs. 1001.65 through direct plan and Rs. 1001.64 through regular plan.
  • Monthly dividend – Rs. 1003.65 through direct plan and Rs. 1003.64 through regular plan.

Asset allocation

59.16% of the net assets are invested in treasury bills, 25.97% in collateralized borrowing and lending obligation (CBLO), fixed deposit, net receivables, net payables, 7.46% in government securities, and 7.41% in commercial papers.

Portfolio disclosure

  • Debt and money market instruments

Sovereign 91 days treasury bills have the majority potion of the nest assets in this section. 182 days and 364 days greasy bills are the other instruments.

Government securities

Sovereign 7.86% RAJASTHAN SDL and 07.28% GOVT STOCK are the two government securities, each with 3.73% net assets.

  • Commercial papers and certificate of deposits

A1+ commercial papers and certificate of deposits belong to Indian Oil Corporation Ltd., HDFC Ltd., NTPC LTD., and NABARD.

  • TREPS and other receivables and payables

25.22% of the nets assets of Parag Parikh Liquid Fund is invested in TREPS including net receivables/payables.

  • Fixed deposits

0.38% of the net assets are invested in 7.40% HDFC fixed deposit and 0.37% in 6.25% HDFC fixed deposit.

PPFAS Asset Management Private Ltd. is a wholly-owned subsidiary of Parag Parikh Financial Advisory Services Private Ltd. (PPFAS). PPFAS provides portfolio management and financial advisory services.

List of PPFAS Mutual Fund in India

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
Parag Parikh Tax Saver Fund
EquityModerately High23.8%5₹2,137
Parag Parikh ELSS Tax Saver Fund
EquityModerately High34.3%5₹2,997
Parag Parikh Flexi Cap Fund
EquityVery High41.1%5₹58,900
Parag Parikh Liquid Fund
DebtLow to Moderate6.9%1₹2,014
Parag Parikh Arbitrage Fund
HybridLowNA--₹370
Parag Parikh Conservative Hybrid Fund
HybridModerately High17.7%--₹1,862
Parag Parikh Dynamic Asset Allocation Fund
HybridModerateNA--₹169
View All

Key information about PPFAS Asset Management Private Ltd

Mutual fund namePPFAS Mutual Fund
Asset management company namePPFAS Asset Management Private Ltd
AMC Setup Date10 October 2012
AMC Incorporation Date8 August 2011
Sponsor nameParag Parikh Financial Advisory Services Ltd
Trustee organisationPPFAS Trustee Company Pvt. Ltd
Name of trusteesMr. P. A. Balasubramanian (Independent Director) Mr. Rajan Mehta (Independent Director) Mr. Dhaval Desai (Independent Director) Mr. Suneel Gautam (Associate Director)
CEOMr. Neil Parikh
CIOMr. Rajeev Thakkar
Compliance OfficerMs. Priya Hariani
Investor Service OfficerMr. Aalok Mehta

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How can you invest in PPFAS Mutual Funds?

Invest in PPFAS Mutual Fund by following the few simple steps mentioned below:

Step 1. Register to create a new Groww account or log-in if you already have one.

Step 2. Upload your photo identity proof documents like Passport, PAN, Voter ID, Driving License, Aadhaar, Central or State Government ID card, etc.

Step 3. Upload your proof of address documents like any identity KYC document with your permanent address, etc.

Step 4. Choose your preferred investment horizon.

Step 5. Select from one of the available risk levels - low, mid, or high.

Step 6. Pick the PPFAS Mutual Fund you want to invest in.

Step 7. Click on “Invest One Time” if you want to invest a lump sum amount; click “Start SIP” if you want to invest via SIP.

The PPFAS Mutual Fund in India you have invested in will appear in your Groww account within 3 to 4 working days.

Top Fund Managers

1. Mr. Rajeev Thakkar

Mr. Rajeev Thakkar has been with PPFAS Mutual Fund since 2001. He became the Chief Investment Officer in 2007. He also serves as an Associate Director and Fund Manager of Equity at the firm.

At present, he drives an AuM of Rs. 1,896 Lakh invested in the Parag Parikh Long Term Equity Fund.

Mr. Thakkar was initially involved in assisting the equity research team on the broking side of operations and also manages PMS. He has been instrumental for the company when it introduced web-based broking services.

Mr. Thakkar holds a B.Com degree from Narsee Monjee Institute of Management Studies and also has a certificate in Forex Management and Treasury from ICFAI. He is also a Chartered Account, Cost Accountant and Chartered Financial Analyst.

Mr. Thakkar has extensive knowledge in securities broking, corporate finance, investment banking, and managing equity investments.

2. Mr. Raunak Onkar

Mr. Raunak Onkar is currently the Head of Research and Fund Manager of Overseas Securities at PPFAS Asset Management Private Ltd. since 2012. He also manages the Parag Parikh Long Term Equity Fund.

He initially joined the company as a Research Trainee in 2008. In 2009, he became an Analyst for the Research Team.

Mr. Onkar holds a B.Sc in Information Technology and an MMS in Finance degree from the University of Mumbai.

3. Mr. Raj Mehta

Mr. Raj Mehta is currently a Fund Manager at PPFAS Mutual Fund since 2016. He manages an AuM of Rs. 2,164 Crore invested in the Parag Parikh Liquid Fund and Parag Parikh Long Term Equity Fund.

He began his career as an Article Assistant in K. P. Mehta & Co. in 2007. Mr. Mehta joined PPFAS as a Research Trainee in 2012. In 2013, he was promoted to Research Analyst.

He holds a B.Com and M.Com degree from the Narsee Monjee College of Commerce and Economics. Mr. Mehta is also a Chartered Accountant and Chartered Financial Analyst from the CFA Institute.

Explore Other AMC's Schemes

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  2. Nippon India Small Cap Fund
  3. Canara Robeco Small Cap Fund
  4. Mirae Asset Emerging Bluechip Fund
  5. Axis Long Term Equity Fund
  6. Axis Small Cap Fund
  7. SBI Contra Fund
  8. SBI Equity Hybrid Fund Regular Growth
  9. Axis Midcap Fund
  10. Kotak Emerging Equity Fund

Let's have a closer look

Now let us jump and check about these top 7 mutual fund schemes.

Parag Parikh Tax Saver Fund Direct Growth

Fund Performance: The Parag Parikh Tax Saver Fund comes under the Equity category of PPFAS Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Parag Parikh Tax Saver Fund is ₹500 and for SIP, it is ₹1,000.

Min Investment Amt₹500
AUM₹2,137Cr
1Y Returns23.8%

Parag Parikh ELSS Tax Saver Fund Direct Growth

Fund Performance: The Parag Parikh ELSS Tax Saver Fund comes under the Equity category of PPFAS Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Parag Parikh ELSS Tax Saver Fund is ₹500 and for SIP, it is ₹1,000.

Min Investment Amt₹500
AUM₹2,997Cr
1Y Returns34.3%

Parag Parikh Flexi Cap Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 22.8% & 23.44%. The Parag Parikh Flexi Cap Fund comes under the Equity category of PPFAS Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Parag Parikh Flexi Cap Fund is ₹1,000 and for SIP, it is ₹1,000.

Min Investment Amt₹1,000
AUM₹58,900Cr
1Y Returns41.1%

Parag Parikh Liquid Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.13% & 4.86%. The Parag Parikh Liquid Fund comes under the Debt category of PPFAS Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Parag Parikh Liquid Fund is ₹5,000 and for SIP, it is ₹1,000.

Min Investment Amt₹5,000
AUM₹2,014Cr
1Y Returns6.9%

Parag Parikh Arbitrage Fund Direct Growth

Fund Performance: The Parag Parikh Arbitrage Fund comes under the Hybrid category of PPFAS Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Parag Parikh Arbitrage Fund is ₹1,000 and for SIP, it is ₹1,000.

Min Investment Amt₹1,000
AUM₹370Cr
1Y ReturnsNA

Parag Parikh Conservative Hybrid Fund Direct Growth

Fund Performance: The Parag Parikh Conservative Hybrid Fund comes under the Hybrid category of PPFAS Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Parag Parikh Conservative Hybrid Fund is ₹5,000 and for SIP, it is ₹1,000.

Min Investment Amt₹5,000
AUM₹1,862Cr
1Y Returns17.7%

Parag Parikh Dynamic Asset Allocation Fund Direct Growth

Fund Performance: The Parag Parikh Dynamic Asset Allocation Fund comes under the Hybrid category of PPFAS Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Parag Parikh Dynamic Asset Allocation Fund is ₹5,000 and for SIP, it is ₹1,000.

Min Investment Amt₹5,000
AUM₹169Cr
1Y ReturnsNA

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