Chennai, 18th November 2017: PPFAS Mutual Fund is an Equity Mutual Fund house believing in value-investing. It aims to strengthen its distribution network through a series of meetings with IFAs, Distributors' associations and other channels, while visiting Chennai for its 4th Annual General Meeting. Currently, Chennai is the third largest market in terms of the total number of folios.
Since its inception, the Fund has been reaching out to unitholders through their Annual General Meetings. The choice of cities is determined by the number of Folios, with the top three making the cut each year. Currently they are being held in Mumbai, Chennai and Bengaluru.
The events are open only to unit-holders, distributors and selected invitees.
Neil Parikh, Chairman and CEO, PPFAS Mutual Fund said, "Chennai is a city full of great potential for investment in Mutual Fund and we will continue partnering with like-minded people. We held an AGM last year and have received a warm welcome by the investors and distributors in Chennai. Chennai has always been an important market for us. Over time, we will expand our reach to include more and more number of places in Tamil Nadu. We follow a conservative philosophy where capital preservation is of paramount importance. Earning a reasonable and sustainable returns on our investments is next. Coupled together, I am confident our investment strategy and philosophy will help our investors and distributors achieve their financial goals."
PPFAS Mutual Fund believes in the 'Value investing' school and its precepts are mirrored in the investment process and portfolio choices. In line with its preference for 'keeping it simple' it offers only one scheme, titled 'Parag Parikh Long Term Value Fund' which is an open ended equity oriented scheme with flexibility to invest in overseas equity as well.
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