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PPFAS Mutual Fund :: New Investor

New Investor

Now, just use your fingers instead of your feet. Few points to note:

  • Eligible applicants: Adult Indian Resident and Non-Resident Individuals who are KRA Compliant.
  • Guardians who are KRA Complaint. As per current SEBI Regulations, the Minor's name should be entered as the First Holder. Second / third holders /Nominations are not permitted in the case of such applications.
  • Your Online Transaction Password (PPIN) and Account Statement will sent to your registered e-mail ID within two working days of your online application. PPIN will be sent directly to 'Direct Plan' applicants only. 'Regular Plan' applicants should route PPIN request through their distributors.
Please proceed to create a new Folio only if you are KRA/KYC complaint before February 1, 2017. In case you have completed your KRA/KYC after that date, then you need to be CKYC compliant too in order to be eligible to create the new folio.

Please note: Citi Bank and Indusind Bank Debit Cards not eligible

  I agree to the relevant Terms & Conditions before proceeding to create a New Folio.


In case of online purchases, the following Regulations apply:

In case of applications below Rs. 2 lakhs:
Units will be allotted either as per the time stamp of your 'Purchase Confirmation' on the camsonline.com website. Units will be alloted based on the same day's NAV if the application is made prior to 3:00 PM.

In case the application amount is equal to or over Rs. 2 lakhs:
As per current SEBI Regulations, the Net Asset Value (NAV) of the units being allotted will depend on the date and exact time of actual credit of the application money into our 'Scheme Collection Account'.

This credit usually happens one working day after the amount is debited from the applicant's bank account (T+1) but may get delayed further due to technical / operational reasons, on rare occasions.

Examples :

Amounts received upto the SEBI mandated cut-off time of 3:00 PM will receive the NAV of the day of credit. If the credit occurs after 3:00 PM, units as per the next working day's NAV.

For instance, Rs. 10 lakhs is debited from the Applicant's Account at 1:00 PM on January 4, 2017. However, we receive the amount from Billdesk, our payment gateway provider at 3:05 PM on January 5, 2017. In such a case, all those who have invested Rs. 2 lakhs and above will receive units as per the NAV of January 6, 2017 (and not January 4th or 5th).

However, if we receive this same sum from Billdesk at 1:00 PM on January 5, 2017 the applicant will receive the NAV of January 5th.

Please note : As per current convention, Billdesk aggregates all amounts received during a given day and sends the cumulative amount to our Scheme Collection Account on 'T+1 working day'. This system is not peculiar to our Mutual Fund. It is the same for equity schemes of other mutual funds too. As and when this system speeds up, all Funds will benefit.

In case you encounter any problem whilst undertaking the initial purchase, please write in to mf@ppfas.com, mentioning the full name, PAN of the First Applicant. Also, please attach the evidence of the amount being debited from your Bank Account, if applicable.

We will resolve your grievance within two working days.

1. You may invest either through the Direct Plan OR through the Regular Plan with the help of any of our distribution partners.

2. Download the Application Forms here.

Paying through NEFT? Click here for Bank details.

1, Our Registrar, CAMS, has a policy of not sending the Online Password (PPIN) to applicants opting for units in 'Demat' Form. Hence you will have to undertake all further purchases through the offline route.

2, Also, though units of 'Parag Parikh Long Term Value Fund' will be offered on the NSE MFSS and BSE StAR platforms soon, unitholders who have currently chosen the 'Direct Plan' will not be able to purchase further units nor redeem them through the Stock Exchanges in their existing folio. This is because all transactions for our units will only be conducted under the 'Regular Plan'. Hence you will have to approach your Depository Participant (DP) directly if you want to redeem.

Also, though the cut-off time for submission to your DP is the same as that of CAMS (3:00 PM), any delay by the DP in communicating your redemption request to CAMS, could result in you not receiving that day's NAV. Neither PPFAS Mutual Fund, nor CAMS will be responsible for such delays, on your DP's part. Hence, as a matter of abundant precaution, we suggest you submit your redemption request to your DP by 2:00 PM.

If you opt for the Direct Plan then: Fill all fields carefully. If you require any assistance, you may contact your Relationship Manager or call us on 61406537.

In case you desire to transfer funds via NEFT, the details of our scheme 'Collection Account' are:
Bank Name Branch A/c Number Name of Account RTGS/NEFT/IFSC Code
HDFC Bank Ltd. Manekji Wadia Bldg,
Ground Floor,
Nanik Motwani Marg,
Fort,
Mumbai-400001
00600350114382 Parag Parikh Long Term Value Fund HDFC0000060
ICICI Bank Free Press House,
Free Press Journal Road,
Nariman Point,
Mumbai-400020
000405105807 Parag Parikh Long Term Value Fund ICIC0000004
Please attach the printout of the relevant 'NEFT Payment Confirmation Receipt (This should contain the UTR Number) and a cancelled cheque with name pre-printed (evidencing your bank account) along with your application before submitting to CAMS or to PPFAS Mutual Fund's office.

In case of applications below Rs. 2 lakhs:

Units will be allotted either as per the date of NEFT debit in your bank account or the date and time of the CAMS time stamp, whichever is later.

For instance, if you effect a payment of Rs. 10000/- on 26/03/2014 vide NEFT and submit your duly completed application to CAMS before 3:00 PM on the same day, you will receive units based on the NAV of 26/03/2014. However, if you submit the same to CAMS on 27/03/14, you will receive units as per the NAV of 27/03/14.

In case the application amount is equal to or over Rs. 2 lakhs:

Units will be allotted, as per the date of credit in our abovementioned HDFC Bank account or the date and time of the CAMS time stamp, whichever is later. This may differ from the date that the amount is debited from your Account.

For instance, if you effect a payment of Rs. 2,00,000/- on 26/03/2014 vide NEFT and submit your duly completed application to CAMS before 3:00 PM on the same day, but we receive the credit for this amount on 27/03/2014, then you will receive units based on the NAV of 27/03/2014.

You may submit the duly filled form either to:

Mr. Aalok Mehta (Head - Investor Relations), PPFAS Mutual Fund, 81/82, 8th Floor, Sakhar Bhavan, Ramnath Goenka Marg, 230, Nariman Point, Mumbai - 400 021.

OR

The CAMS office closest to you. List of CAMS offices.

We have entered into an arrangement with On-Dot Couriers and Ciy Sprints Couriers for collecting application forms of Parag Parikh Long Term Value Fund from your office / residence in Pune and delivering them to the nearest CAMS Investor Service Centre. Know more here.

You can now transact in Parag Parikh Long Term Value Fund on Stock Exchanges

BSE StAR MF Platform:

  • PP001RG-GR Regular Plan: Subscription above 2 Lakhs
  • PP001RG-GR-L1: Subscription below 2 Lakhs & Redemption (in units) so no upper Limit
  • PP001ZG-GR Direct Plan: Direct Plan schemes are for Redemption only.
NSE MFSS Platform:

  • DBTCR: Subscription above 2 Lakhs
  • EQITY: Subscription below 2 Lakhs & Redemption (in units) so no upper Limit
  • Direct Plan schemes are for Redemption only.

Call your stockbroker/mutual fund distributor for the same...

Keen to invest in Parag Parikh Long Term Value Fund but unable to do so, as you are not KYC/KRA compliant? Well, here's some good news...

Now you can complete your Aadhar based eKYC process online and seamlessly proceed to invest in our scheme.

Step by step process:
  • Visit our online purchase portal here
  • Fill in your PAN No. to check if you are a KYC/KRA Compliant
  • If not, proceed for the eKYC with your Aadhar No., Mobile and Email id
  • Follow the necessary steps to complete the process
  • Once you are done with the process, you will be redirected to the online application form.
Points to note:
  • You will need to upload an image of your signature (.png or .jpg file) in the eKYC portal. Hence, keep it ready before you begin.
  • You will receive a One-Time-Password (OTP) at two stages during the eKYC process.
  • You can subscribe to our units by paying either through your Net Banking or Debit Card.
  • SEBI circular currently permits investment of ₹ 50,000/- per Financial Year per Mutual Fund for Aadhaar based eKYC using OTP verification.
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