PPFAS Mutual Fund :: Scheme Name Change : Parag Parikh Long Term Equity Fund
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

Announcement - Scheme Name Change

Dear Investors,


In light of a recent SEBI circular on Scheme Categorisation and Rationalisation, we have changed the name of our Scheme from Parag Parikh Long Term Value Fund to Parag Parikh Long Term Equity Fund.

The gist of the Circular was that Mutual Fund houses should not clutter the offering landscape and should have fewer schemes which are 'true to label'. Also, fund houses can offer only one scheme in each category.

While this does not effect us much, considering we offer only one equity scheme, the Fund, in consultation with the Board of Directors, Trustees and interaction with the Regulator decided to classify itself as a 'Multi Cap' Fund.

There is no change in the investment objective or pattern or nature of the fund. The new name is effective from Friday, February 16, 2018.

Please click here to read the relevant Addendum.

Our Chairman and CEO, Mr. Neil Parag Parikh underscores the prime motivators behind this move:

  • To pay homage to our Founder, Mr. Parag Parikh whose vision and actions have been instrumental in where we stand today.
  • Given Mr. Parag Parikh's standing and image in the industry, we believe it has the potential to ensure better connect and recall among investors and distributors as compared to a bland acronym.
We assure you that apart from the name, there is no change in any of the Scheme's attributes.

Warm Regards,
PPFAS Mutual Fund

riskometerThe investment objective of the Scheme is to seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities, foreign equities and related instruments and debt securities.

Investors should consult their financial advisers if in doubt about whether this scheme is suitable for them.

Download SID/SAI and KIM here.

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]