PPFAS Mutual Fund :: Parag Parikh Long Term Equity Fund - Local fund with Global focus
No of Folios
As on Mar 20, 2019​
AUM (₹ Crores)
As on Feb 28, 2019
NAV (Direct Plan)
As on Mar 20, 2019
NAV (Regular Plan)
As on Mar 20, 2019
Insider Holdings
7.11 %
As on Feb 28, 2019

Local fund with Global focus

Global advantage... without any tax disadvantage.*

Parag Parikh Long Term Equity Fund (PPLTEF) is one of only a handful of Indian mutual fund schemes to invest in a basket of Indian and foreign stocks.
Five reasons why we have chosen to be different are:
Most equity mutual fund schemes help investors diversify across industries within the same country. However, investors could still be affected if there are negative events throughout the country (such as war, drought, political turmoil etc.). Investing across countries helps to reduce this risk.
Different markets perform well at different times and it is virtually impossible to predict who will be the next winner. Also, there will be times when the Indian stockmarket may underperform others. By diversifying abroad, we reduce the risk of our investors losing out when this happens.
All stockmarkets do not always move at the same pace or in the same direction. Hence, investing across countries helps to reduce the volatility of the portfolio. Lower fluctuations in the Net Asset Value (NAV) mean greater peace of mind…
There are several world-class companies which do not have Indian subsidiaries who are listed. Also, there are innovative companies making certain products/services for which there are no Indian substitutes. When we invest abroad, our investors get a chance to benefit from the performance of such global leaders.
Sometimes, the Indian subsidiary of a multinational company may be very highly valued, and hence not investment-worthy. However, its parent company may be available at much more reasonable valuation. We can take advantage of such situations. We employ the same time-tested principles of value investing while choosing both, Indian and foreign stocks.

We prefer to concentrate on stock-picking rather than forecast currency movements. However, we reduce the risk of our investors losing due to sharp currency appreciation of the Indian rupee, by hedging approximately 80% of our foreign exposure through Currency Contracts..

As the Forward rate of the Indian Rupee is usually at a premium to the Spot Rate, our investors often earn an additional yield (Currently 5-6% per annum), irrespective of how the underlying stocks perform.

Please note: This yield may or may not sustain in the future, as it depends on factors like interest rate & inflation differentials between two currencies, which cannot be predicted with much accuracy.

First of all, we prefer countries where stockmarkets are well-developed, good governance is in place, financial statements are prepared in English and stockmarkets are liquid.

Within these countries, we seek companies which are large, have operations in multiple countries and are reasonably valued.

Currently, we are focusing on companies listed mainly in the USA as we have access to a large universe of companies which possess all these attributes.

Yes. As 65% of the portfolio will be invested in Indian companies, our investors will pay a lower rate of tax, as shown in the table alongside.

% Holding of Indian Equities

Particulars 65% and above Less than 65%
LTCG Tax 10% without indexation 20% after indexation
Qualifying period One year Three years

*‘Tax disadvantage’ refers to higher ‘Capital Gains Tax’ paid by investors in other ‘global’ equity mutual fund schemes

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 01st Feb, 2018*

Regular Plan: 2.00%*
Direct Plan: 1.25%*
* 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]