PPFAS Mutual Fund :: We have our skin in the game

We have our skin in the game

Total number of units held by 'Insiders' in the scheme as at 30-04-2018 = 4.737 crore units of Rs. 10 each.
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The market value of these holdings as on 23-05-2018 is Rs. 114.59 crores. . This amounts to 10.73% of the current AUM.

At PPFAS Mutual Fund, we are inspired by The Hammurabi Code.

Read about The Hammurabi Code here.

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 Long Term Equity 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, 2018

Details of Holding of PPFAS Sponsor Company, its directors and employees

Name	Designation	Number of units held
Suneel Rasmikant Gautam	Director	10237326
Sahil P Parikh	Director	1211428
PPFAS Pvt. Ltd.	Sponsor Company	488172
Vaibhav Sunil Kapur	Others	119182
Jignesh C Desai	Others	23728
Neeta Milan Shukla	Others	4466
Ratnavathi Arun Puthran	Others	3657
Sanjay B Shroff	Others	2538
Nikhil Hule	Others	1148
Deepali Rathore	Others	126
Frenzina Fernandes	Others	59

Note:

These holdings include those of the individual as well as his immediate/dependent family members.

Details of Holding of PPFAS AMC,its directors and promoter group

Name	Designation	Number of units held
Geeta Parag Parikh	-	17337294
PPFAS ASSET MANAGEMENT PVT LTD		11210744
Rajeev Navinkumar Thakkar	Director and CIO	4299704
Neil Parag Parikh	Chairman and CEO	1278347
Kamlesh Mafatlal Somani	Independent Director	96867
Rajesh Bhojani	Director	84792
Arindam Ghosh	Director	57943

Note:

Holdings of Late Mr.Parag S. parikh are transmitted to Geeta Parag Parikh.

Details of Holding of the Key Employees of the company

Name	Designation	Number of units held
Aalok Ramesh Mehta	Head - Investor Relations	168967
Jayant R Pai	Head - Marketing	114669
Raj Kirit Mehta	Fund Manager - Debt	56248
Raunak Onkar	Dedicated Fund Manager for overseas investments	42106
Mahesh Vishvanath Sarode	Head Investor Relations - Distributor Channel	30370
Raju H Shelat	Head - Operations	17683
Shashi Menghraj Kataria	COO,CFO and Director	6877
Ranbir D.Nayal	Head - IT Infrastructure	1683
Priya Hariani	Compliance Officer	503

Note:

These holdings include those of the individual as well as his immediate/dependent family members.

Details of Holding of the Other Employees of the company

Name	Number of units held
Ashok Pandurang Kerkar	22162
Palak Kekul Dalal	14612
Usha Dalsukhbhai Galia	13449
Malang Ahmad Shaikh	2649
Mansi	2594
Madhavi D Dey	2273
Shailendra Pandey	1986
Bhavya Shah	1464
Pritam Mahendra Kijbile	1057
Chittara Acharya	677
Priyanka Yadav	366
Vinay Teli	298
Makwana Yatin Sureshbhai	297

Note:

These holdings include those of the individual as well as his immediate/dependent family members.

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: 1.50%^*
* 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.

Parag Parikh Long Term Equity Fund

We have our skin in the game

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