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  • PPFAS Mutual Fund :: We have our skin in the game
    AUM (₹ Crores)
    48,293.88
    As on Nov. 30, 2023
    NAV (Direct Plan)
    68.9547
    As on Dec 08, 2023
    NAV (Regular Plan)
    63.9917
    As on Dec 08, 2023
    Insider Holdings
    366.06
    As on Nov. 30, 2023

    We have our skin in the game


    Parag Parikh Flexi Cap Fund
    ₹ 366.06 Cr.
    Parag Parikh Liquid Fund
    ₹ 49.17 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 October 31, 2023

      Name Designation Number of units held
      Suneel Rasmikant Gautam Director 1,09,98,027
      Hitesh Dharmasinh Gajaria Director 23,39,338
      Sahil P Parikh Director 11,50,136
      PARAG PARIKH FINANCIAL ADVISORY SERVICES LTD Sponsor Company 10,08,790
      Neeta Milan Shukla Others 13,444
      Rohil A Gandhi Others 8,302
      Pritam Mahendra Kijbile Others 1,535
      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 2,37,76,714
      Geeta Parag Parikh - 65,80,522
      Rajeev Navinkumar Thakkar Director and CIO 48,88,988
      Neil Parag Parikh Chairman and CEO 19,76,671
      Rajesh Bhojani Director 1,36,801
      Subrata Kumar Mitra Director 32,918
      Note: Holdings of Late Mr.Parag S. parikh are transmitted to Geeta Parag Parikh.
      Name Designation Number of units held
      Dhaval Sumantrai Desai Director 4,10,912
      Burjor Dorab Nariman Director 39,853
      V RAMESH Director 102
      Note: These holdings include those of the individual as well as his immediate/dependent family members.
      Name Designation Number of units held
      Raunak Onkar Dedicated Fund Manager for overseas investments 2,36,786
      Jayant R Pai Chief Marketing Officer 1,83,726
      Aalok Ramesh Mehta Chief Sales Officer - Direct Channel and Head Investor Relations 1,70,801
      Mahesh Vishvanath Sarode Head Investor Relations - Distributor Channel 70,210
      Shashi Menghraj Kataria COO,CFO and Director 37,941
      Raj Kirit Mehta Fund Manager - Debt 36,213
      Raju H Shelat Head - Back Office Operations 30,109
      Rukun R Tarachandani Fund Manager - Equity 6,631
      Priya Hariani Chief Compliance Officer and Company Secretary 1,962
      Ranbir D.Nayal Chief Information Security Officer and Head - IT 1,682
      Shubham Gupta Chief Risk Officer 297
      Note: These holdings include those of the individual as well as his immediate/dependent family members.
      Name Number of units held
      Ratnavathi Arun Puthran 53,377
      Ashok Pandurang Kerkar 51,562
      Usha Dalsukhbhai Galia 35,059
      Saransh Banga 28,571
      Paresh Ashok Kerkar 27,955
      Jignesh C Desai 23,810
      Shailendra Pandey 21,037
      Sanjay B Shroff 15,028
      Mansi 11,236
      Parminder Singh Surendar Singh Saini 10,543
      Prithvinath Reddy Gaddam 8,036
      Madhavi D Dey 6,473
      Vinay Teli 4,669
      Mansi Riki Kariya 4,329
      Ankur Pal 3,278
      Priyank Soni 3,275
      Digamber Singh Bisht 3,045
      Biju Abraham Verghese 2,887
      Janhavi Udyavar 2,412
      Priyanka Mangesh Shetye 2,286
      D Megalingam 2,165
      Abimanue A 2,036
      Lunar Chandrakant Sutar 1,922
      R Karthika 1,838
      Oly Das 1,608
      Nikhila K 1,246
      Sudhakaran Gopalan 1,231
      Priyanka Yadav 1,229
      Sneh Bhatia 1,033
      Kavita Sahadeo Kamble 834
      Chandrashekhar Vishram Navrat 776
      Akhil Anilkumar 766
      Ninad Chandrakant Bhosle 748
      Aditi Avinash Pandere 710
      Harikrishna Ramabadraiah Theerupari 689
      Vrutti Mehta 567
      Akshay Ashok Bhatuse 529
      Premprakash Dubey 510
      Manisha Jeetendra Singh 508
      Paresh Dilipkumar Shukla 467
      Sonal Vinod Makwana 429
      Shweta Jayant Garud 410
      Prasanna Vilas Patil 323
      Era Naynish Kadam 319
      Dayanand Balasaheb Parkale 306
      Makwana Yatin Sureshbhai 296
      R Venkataramana 254
      Arun Yadav 196
      Sagarkumar Anilbhai Pandya 169
      Aarti Santosh Kharade 133
      NARENDRA KALA 129
      Sanket Sahadev Yadav 123
      Shrikant P Pancholi 101
      Sharmin Amin Virani 83
      Apala Bose 48
      Vivek V Patankar 25
      Nisha Pravinbhai Kachhela 23
      Anoka 19
      Rahul Rana 15
      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 ELSS 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]