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  • PPFAS Mutual Fund :: We have our skin in the game
    AUM (₹ Crores)
    33,615.95
    As on Apr. 30, 2023
    NAV (Direct Plan)
    58.2626
    As on Jun 02, 2023
    NAV (Regular Plan)
    54.2828
    As on Jun 02, 2023
    Insider Holdings
    348.14
    As on Apr. 30, 2023

    We have our skin in the game


    Parag Parikh Flexi Cap Fund
    ₹ 348.14 Cr.
    Parag Parikh Liquid Fund
    ₹ 52.87 Cr.


    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 Flexi Cap 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, 2023

      Name Designation Number of units held
      Hitesh Dharmasinh Gajaria Director 18,88,404
      Sahil P Parikh Director 11,30,518
      PARAG PARIKH FINANCIAL ADVISORY SERVICES LTD Sponsor Company 10,08,790
      Neeta Milan Shukla Others 12,822
      Rohil A Gandhi Others 8,302
      Pritam Mahendra Kijbile Others 1,643
      Note: These holdings include those of the individual as well as his immediate/dependent family members.
      Name Designation Number of units held
      PPFAS ASSET MANAGEMENT PVT LTD 2,30,00,080
      Geeta Parag Parikh - 1,55,61,960
      Rajeev Navinkumar Thakkar Director and CIO 48,81,423
      Neil Parag Parikh Chairman and CEO 18,63,069
      Rajesh Bhojani Director 1,32,293
      Shashi Menghraj Kataria COO,CFO and Director 35,452
      Subrata Kumar Mitra Director 5,038
      V RAMESH Director 102
      Note: Holdings of Late Mr.Parag S. parikh are transmitted to Geeta Parag Parikh.
      Name Designation Number of units held
      Suneel Rasmikant Gautam Director 1,09,97,928
      Dhaval Sumantrai Desai Director 4,10,912
      Burjor Dorab Nariman Director 39,853
      Note: These holdings include those of the individual as well as his immediate/dependent family members.
      Name Designation Number of units held
      Jayant R Pai Chief Marketing Officer 1,83,726
      Aalok Ramesh Mehta Chief Sales Officer - Direct Channel and Head Investor Relations 1,67,461
      Raunak Onkar Dedicated Fund Manager for overseas investments 1,34,785
      Mahesh Vishvanath Sarode Head Investor Relations - Distributor Channel 71,210
      Raj Kirit Mehta Fund Manager - Debt 35,219
      Raju H Shelat Head - Back Office Operations 30,109
      Priya Hariani Chief Compliance Officer and Company Secretary 1,962
      Ranbir D.Nayal Chief Information Security Officer and Head - IT 1,682
      Note: These holdings include those of the individual as well as his immediate/dependent family members.
      Name Number of units held
      Ratnavathi Arun Puthran 71,781
      Palak Kekul Dalal 50,630
      Ashok Pandurang Kerkar 48,655
      Usha Dalsukhbhai Galia 34,897
      Paresh Ashok Kerkar 27,458
      Saransh Banga 26,353
      Jignesh C Desai 23,810
      Sanjay B Shroff 14,471
      Shailendra Pandey 13,855
      Priyank Soni 11,051
      Mansi 10,705
      Madhavi D Dey 6,222
      Mansi Riki Kariya 4,329
      Prithvinath Reddy Gaddam 3,302
      Ankur Pal 3,128
      Parminder Singh Surendar Singh Saini 3,127
      Biju Abraham Verghese 2,713
      Janhavi Udyavar 2,262
      D Megalingam 2,165
      Himanshu Dixit 2,000
      Priyanka Mangesh Shetye 1,987
      Abimanue A 1,737
      R Karthika 1,640
      Vinay Teli 1,436
      Priyanka Yadav 1,229
      Sneh Bhatia 1,033
      Lunar Chandrakant Sutar 940
      Sudhakaran Gopalan 730
      Aditi Avinash Pandere 710
      Ninad Chandrakant Bhosle 665
      Chandrashekhar Vishram Navrat 603
      Harikrishna Ramabadraiah Theerupari 582
      Premprakash Dubey 410
      Manisha Jeetendra Singh 408
      Sonal Vinod Makwana 329
      Era Naynish Kadam 319
      Shweta Jayant Garud 311
      Aarti Santosh Kharade 310
      Makwana Yatin Sureshbhai 296
      Kavita Sahadeo Kamble 270
      Shaivalbhai Bhadreshbhai Shah 164
      Dayanand Balasaheb Parkale 141
      Shrikant P Pancholi 101
      R Venkataramana 91
      Vivek V Patankar 25
      Valerian Francis Fernandes 24
      Nisha Pravinbhai Kachhela 23
      Anoka 19
      Sharmin Amin Virani 18
      Abhishek Goenka 12
      Note: These holdings include those of the individual as well as his immediate/dependent family members.

    Parag Parikh Flexi Cap Fund
    riskometerThis product is suitable for investors who are seeking*
    The 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 the product is suitable for them.


    Parag Parikh Liquid Fund
    riskometer This product is suitable for investors who are seeking*
    • Income over short term
    • Investments in Debt/money market instruments


    *Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
    Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

    Parag Parikh Tax Saver Fund
    riskometerThis product is suitable for investors who are seeking*
  • Long term capital appreciation
  • Investment predominantly in equity and equity related securities.


  • *Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

    Parag Parikh Conservative Hybrid Fund
    riskometerThis product is suitable for investors who are seeking*
  • To generate regular income through investments predominantly in debt and money market instruments.
  • Long term capital appreciation from the portion of equity investments under the scheme.


  • *Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

    Download SID/SAI and KIM here.

    Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
    Buy it here!


    Name of the Scheme

    Parag Parikh Flexi Cap 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 dynamic equity scheme investing across large cap, mid cap, small cap stocks.

    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 *

    Please visit this link

    Entry Load

    Not Applicable

    Exit Load*

     In respect of each purchase / switch-in of Units, 10% of the units (“the limit”) may be redeemed without any exit load from the date of allotment.
     Any redemption or switch-out in excess of the limit shall be subject to the following 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.
      No exit load will be charged, in case of switch transactions between Regular Plan and Direct Plan of the Scheme for existing as well as prospective investors.
      * Above exit load structure is applicable prospectively, for all investments (including SIP/STP and SWP registered) with effect from 15th Nov 2021.



    Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
    © PPFAS Asset Management Private Limited. All rights reserved.
    Sponsor: Parag Parikh Financial Advisory Services Limited. [CIN: U67190MH1992PLC068970], Trustee: PPFAS Trustee Company Private Limited. [CIN: U65100MH2011PTC221203], Investment Manager (AMC): PPFAS Asset Management Private Limited. [CIN: U65100MH2011PTC220623]