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  • PPFAS Mutual Fund :: We have our skin in the game
    No of Folios
    88,050
    As on May 24, 2019​
    AUM (₹ Crores)
    1,827.44
    As on April 30, 2019
    NAV (Direct Plan)
    25.7751
    As on May 24, 2019
    NAV (Regular Plan)
    24.9387
    As on May 24, 2019
    Insider Holdings
    6.65 %
    As on April 30, 2019

    We have our skin in the game

    At PPFAS Mutual Fund, we are inspired by The Hammurabi Code.

    Around 18th Century BC lived a King named Hammurabi who instituted a social law now known as the Hammurabi's code. It is the one of the first evidence of law ever written down. One of the principle features of the code was about the builder - If a builder built a house for a man & the house collapses to cause the death of the owner, then the builder has to be put to death.

    Such a punishment seems incredibly harsh especially when there can be many reasons for the collapse. But with such a heavy downside in place, the builder has absolutely no incentive to cut corners in constructing the house. He has to use the best materials & the best building techniques to build the best possible house which will last for a long time. The builder literally has his own skin in the success & longevity of the building.

    This type of a system ensures a very strict moral obligation & not just a professional responsibility. How could this same moral obligation be translated to the fund management business?

    Ideally, in the fund management profession, the only way to instill a sense of accountability is to ensure that the Fund Management team is investing their own monies along with those of the clients'. At PPFAS Mutual Fund, this ideal transcends into reality, as the key stakeholders in the Fund have invested a substantial portion of their equity investments in Parag Parikh Long Term Equity Fund.

    Having our own skin in the game demonstrates the willingness to link our financial well-being with yours. This also places an implicit onus on us to make optimum use of our time & abilities in order to enhance the scheme's performance and eschew the reckless behaviour that fund managers are sometimes accused of.

    By investing in our scheme and disclosing it every month, we are going beyond the extant Regulations. We believe that this one disclosure will serve to inspire greater confidence among our unitholders, than thousands of tomes of assurances ever can.

    Details of Insider Holdings as at April 30, 2019

      Name Designation Number of units held
      Suneel Rasmikant Gautam Director 1,02,58,253
      Sahil P Parikh Director 11,66,954
      PPFAS Pvt. Ltd. Sponsor Company 4,88,171
      Jignesh C Desai Others 23,810
      Ratnavathi Arun Puthran Others 4,384
      Neeta Milan Shukla Others 3,914
      Sanjay B Shroff Others 2,613
      Pritam Mahendra Kijbile Others 1,642
      G Prithvinath Reddy Others 1,333
      Deepali Rathore Others 713
      Note: These holdings include those of the individual as well as his immediate/dependent family members.
      Name Designation Number of units held
      Geeta Parag Parikh - 1,53,77,522
      PPFAS ASSET MANAGEMENT PVT LTD 1,20,65,690
      Rajeev Navinkumar Thakkar Director and CIO 44,05,157
      Neil Parag Parikh Chairman and CEO 13,29,548
      Kamlesh Mafatlal Somani Independent Director 1,13,507
      Rajesh Bhojani Director 96,919
      Arindam Ghosh Director 57,943
      Note: Holdings of Late Mr.Parag S. parikh are transmitted to Geeta Parag Parikh.
      Name Designation Number of units held
      Aalok Ramesh Mehta Head - Investor Relations 1,97,674
      Jayant R Pai Head - Marketing 1,37,232
      Raunak Onkar Dedicated Fund Manager for overseas investments 83,062
      Raj Kirit Mehta Fund Manager - Debt 82,294
      Mahesh Vishvanath Sarode Head Investor Relations - Distributor Channel 59,479
      Raju H Shelat Head - Operations 24,355
      Shashi Menghraj Kataria COO,CFO and Director 13,652
      Ranbir D.Nayal Head - IT Infrastructure 1,682
      Priya Hariani Compliance Officer 1,108
      Note: These holdings include those of the individual as well as his immediate/dependent family members.
      Name Number of units held
      Ashok Pandurang Kerkar 27,689
      Usha Dalsukhbhai Galia 21,040
      Palak Kekul Dalal 17,998
      Shailendra Pandey 8,515
      Madhavi D Dey 4,089
      Mansi 3,499
      Yashodhan Nerurkar 3,367
      Abhishek Goenka 3,225
      Mansi Riki Kariya 3,181
      Malang Ahmad Shaikh 3,013
      Ninad Chandrakant Bhosle 2,314
      Bhavya Shah 1,961
      Vinay Teli 1,587
      Rohil A Gandhi 1,210
      Saransh Banga 944
      Priyanka Yadav 871
      Sheetal Dhariya 848
      Hemant Bhandare 369
      Makwana Yatin Sureshbhai 296
      NARENDRA KALA 80
      Lunar Chandrakant Sutar 77
      Aditi Avinash Pandere 39
      Varun Suhas Dhanawde 39
      Note: These holdings include those of the individual as well as his immediate/dependent family members.

    Name of the Scheme

    Parag Parikh Long Term Equity Fund

    Investment Objective

    To seek to generate long term capital growth from an actively managed portfolio of equity and equity related securities.

    Type of the scheme

    An Open Ended Equity Scheme

    Date of Allotment

    May 24, 2013

    Minimum Application Amount

    New Purchase: ₹ 1,000;
    Additional Purchase: ₹ 1,000;
    Monthly SIP: ₹ 1,000;
    Quarterly SIP: ₹ 3,000;

    Expense Ratio with effect from 1st April, 2019*

    Regular Plan: 1.96%*
    Direct Plan: 1.21%*
    * Exclusive of GST on management fees.

    Entry Load

    Not Applicable

    Exit Load

     2.00 % if the investment is redeemed on or before 365 days from the date of allotment of units
     1.00 % if the investment is redeemed after 365 days but on or before 730 days from the date of allotment of units.
     No Exit Load will be charged if investment is redeemed after 730 days from the date of allotment of units.



    Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
    © 2019 PPFAS Asset Management Private Limited. All rights reserved.
    Sponsor: Parag Parikh Financial Advisory Services Private Limited. [CIN: U67190MH1992PTC068970], Trustee: PPFAS Trustee Company Private Limited. [CIN: U65100MH2011PTC221203], Investment Manager (AMC): PPFAS Asset Management Private Limited. [CIN: U65100MH2011PTC220623]