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PPFAS Mutual Fund

PPFAS Mutual Fund is offered by PPFAS Asset Management (PPFAS AMC) which is promoted by Parag Parikh Financial Advisory Services Pvt. Ltd. (PPFAS Ltd.). PPFAS Ltd. is one of the first Portfolio Management Service (PMS) providers which is registered under SEBI.

Types of Mutual Funds Offered by PPFAS Asset Management (PPFAS AMC):

PPFAS Asset Management (PPFAS AMC) offers two types of funds. They are as follows:

  • Equity Fund
  • Liquid Fund

Equity Funds offered by PPFAS Asset Management (PPFAS AMC):

PPFAS Asset Management (PPFAS AMC) offers only one equity fund. This fund is called the Parag Parikh Long Term Equity Fund.

  1. Parag Parikh Long Term Equity Fund
  2. Fund Type

    Open-ended Equity Scheme

    Date of Allotment

    24 May 2013

    Entry Load

    Not Applicable

    Exit Load

    • Nil - if the investment is reclaimed after 730 days from the date of allotment
    • 2% - if the investment is reclaimed within 365 days from the date of allotment
    • 1% - if the investment is reclaimed after 365 days but within 730 days from the date of allotment

    Benchmark Index

    Nifty 500

    Fund Manager

    • Domestic investment - Mr. Rajeev Thakkar
    • Foreign investment - Mr. Raunak Onkar
    • Fixed Income component - Mr. Raj Mehta

    Risk Factor

    Moderately High Risk

    Investment Objective of Parag Parikh Long Term Equity Fund

    The main objective of the Parag Parikh Long Term Equity Fund is to generate long-term capital growth through investments made in equity and Equity Related Securities. This comprises of investments made in foreign equities, Indian equities, and related instruments and debt securities.

    Who is the Parag Parikh Long Term Equity Fund for?

    The Parag Parikh Long Term Equity Fund is a product which is suitable for investors who are seeking to generate long-term capital gains through actively managed portfolio of equity and Equity Related Securities.

Liquid Funds offered by PPFAS Asset Management (PPFAS AMC):

PPFAS Asset Management (PPFAS AMC) offers only one liquid fund. This fund is called the Parag Parikh Liquid Fund.

  1. Parag Parikh Liquid Fund
  2. Fund Type

    Open-ended Liquid Scheme

    Date of Allotment

    11 May 2018

    Entry Load

    Not Applicable

    Exit Load

    Nil

    Benchmark Index

    CRISIL Liquid Fund Index

    Fund Manager

    Mr. Raj Mehta

    Risk Factor

    Low Risk

    Investment Objective of Parag Parikh Liquid Fund

    The main objective of the Parag Parikh Liquid Fund is to deliver reasonable returns related to market with a risk which is lower and liquidity which is higher. This is ensured through prudent investments in money market and debt instruments. However, the delivery of returns is not guaranteed and the realisation of the investment objectives is not assured.

    Who is Parag Parikh Liquid Fund for?

    The Parag Parikh Liquid Fund is a product which is suitable for investors who are seeking a low risk solution for savings for a short period of time. Usually, the time period is less than a year.

Who is Eligible for PPFAS Asset Management (PPFAS AMC) Mutual Funds?

An individual will be eligible to invest in PPFAS Asset Management (PPFAS AMC) Mutual Funds if he or she falls under any one of the following categories:

  • Companies
  • NRIs
  • Partnership firms
  • Resident individuals
  • Trusts
  • Insurance companies
  • Banking companies
  • Hindu Undivided Families
  • Foreign Institutional Investors (FIIs)
  • Public financial institutions
  • Pension funds
  • Parents or lawful guardians on behalf of minors

Documents Required for PPFAS Asset Management (PPFAS AMC) Mutual Funds

PPFAS Asset Management requires you to provide the following documents in order to invest in mutual funds:

  • Application forms: You are required to fill up 3 application forms. One form to open an MF account, one form to choose an SIP, and one form to transfer funds electronically from your bank account. All the forms are to be duly filled up and submitted.
  • KYC documents: KYC individual form and a passport-sized photograph of the individual are to be submitted.
  • Identity proof: A photo Identity proof has to be provided as ID proof. Photo Identity proofs like PAN Card, Aadhaar Card, Voter’s ID, Driving License, or Passport is to be provided for identity verification.
  • Address proof: A valid address proof is to be provided to PPFAS Asset Management for verification. You can submit your Aadhaar Card, Passport, Voter’s ID, Ration Card, Driving License, utility bills like telephone bill, electricity bill, or gas bill, bank account statement, passbook, flat maintenance bill, insurance copy, or registered sale/lease agreement of residence as an address proof.
  • Third-party declaration: If the investment is being made on behalf of a minor, a third-party declaration form is to be duly filled, signed, and submitted to PPFAS Asset Management.

How to invest in PPFAS Asset Management (PPFAS AMC) Mutual Funds online?

PPFAS Asset Management offers the facility of investing in PPFAS Asset Management (PPFAS AMC) Mutual Fund through their official website. To invest online you have to follow these steps:

  1. Visit the official website: https://amc.ppfas.com.
  2. The homepage will have the ‘Existing Investor’ and ‘New Investor’ options on the top-right corner of the page.
  3. Click on the ‘New Investor’ button to proceed.
  4. You will be redirected to a new page where you have to read and agree to the Terms and Conditions and create a new folio by clicking on the ‘Create a Folio Here’ button. However, the applicant has to be KYC compliant as per the company guidelines. If the investor is not KYC compliant, the Aadhaar based eKYC is to be completed before creating the folio.
  5. Create a new folio using your name, email ID, and mobile number.
  6. You can login using the newly generated credentials and make an online payment to invest in PPFAS Asset Management (PPFAS AMC) Mutual Funds.
  7. Once the payment is made you will be redirected to a payment confirmation page which can be printed for future reference.

Why choose PPFAS Mutual Funds?

PPFAS Mutual Funds is a great option for investment because PPFAS Ltd. is amongst the earliest SEBI-Registered Portfolio Management Service (PMS) providers and their sole mission is to help their clients achieve their long-term financial goals.

Frequently Asked Questions

  • Is it compulsory to be KYC Compliant?
  • Yes, it is compulsory for the investor to be KYC compliant. Not being KYC compliant will not allow the investor to create a folio. Not being able to create a folio also means that the individual will not be able to make an investment.

  • Is there a fee which is to be made to create a new folio?
  • No. Creating a new folio is absolutely free.

  • Is it safe to make an online payment?
  • Yes, making an online payment is very safe. Most website servers use the Secure Sockets Layer (SSL) technology to ensure the security of data transmission over the internet. It is an end-to-end technology which ensures complete security and confidentiality of the transmitted data.

  • Can I make an investment on behalf of a minor?
  • Yes, you can make an investment on behalf of a minor provided the minor is the first and the sole folio account holder. Joint accounts cannot be considered with the minor as the first holder or the joint holder.

  • Can a local guardian of a minor make an investment on behalf of a minor?
  • The guardian of the minor, as mentioned in the folio, has to be the birth parent (father or mother) or a legally appointed guardian (ruled by a court), in order to be eligible to invest on behalf of a minor.

  • What are the different plans/options available in the PLTVF?
  • Currently, the Parag Parikh Long Term Equity Fund scheme offers only the Growth Option.

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