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  • PPFAS Mutual Fund :: We have our skin in the game
    No of Folios
    108,809
    As on Sep 20, 2019​
    AUM (₹ Crores)
    2,066.68
    As on August 30, 2019
    NAV (Direct Plan)
    26.3088
    As on Sep 20, 2019
    NAV (Regular Plan)
    25.3923
    As on Sep 20, 2019
    Insider Holdings
    5.78 %
    As on August 30, 2019

    We have our skin in the game

    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 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 August 31, 2019

      Name Designation Number of units held
      Suneel Rasmikant Gautam Director 1,03,75,861
      Sahil P Parikh Director 11,61,362
      PPFAS Pvt. Ltd. Sponsor Company 4,88,171
      Jignesh C Desai Others 23,810
      Ratnavathi Arun Puthran Others 4,616
      Neeta Milan Shukla Others 4,185
      Sanjay B Shroff Others 2,926
      G Prithvinath Reddy Others 1,879
      Deepali Rathore Others 1,299
      Pritam Mahendra Kijbile Others 1,053
      Frenzina Fernandes Others 77
      Note: These holdings include those of the individual as well as his immediate/dependent family members.
      Name Designation Number of units held
      Geeta Parag Parikh - 1,55,71,156
      PPFAS ASSET MANAGEMENT PVT LTD 1,20,65,690
      Rajeev Navinkumar Thakkar Director and CIO 44,25,359
      Neil Parag Parikh Chairman and CEO 13,54,385
      Kamlesh Mafatlal Somani Independent Director 1,29,001
      Rajesh Bhojani Director 1,00,793
      Arindam Ghosh Director 57,943
      Note: Holdings of Late Mr.Parag S. parikh are transmitted to Geeta Parag Parikh.
      Name Designation Number of units held
      Aalok Ramesh Mehta Head - Investor Relations 1,44,824
      Jayant R Pai Head - Marketing 1,43,737
      Raunak Onkar Dedicated Fund Manager for overseas investments 93,999
      Raj Kirit Mehta Fund Manager - Debt 80,099
      Mahesh Vishvanath Sarode Head Investor Relations - Distributor Channel 63,799
      Raju H Shelat Head - Operations 26,387
      Shashi Menghraj Kataria COO,CFO and Director 15,988
      Ranbir D.Nayal Head - IT Infrastructure 1,682
      Priya Hariani Compliance Officer 1,108
      Note: These holdings include those of the individual as well as his immediate/dependent family members.
      Name Number of units held
      Ashok Pandurang Kerkar 27,895
      Usha Dalsukhbhai Galia 24,784
      Palak Kekul Dalal 21,125
      Shailendra Pandey 9,764
      Yashodhan Nerurkar 4,182
      Mansi 4,080
      Abhishek Goenka 3,340
      Mansi Riki Kariya 3,181
      Ninad Chandrakant Bhosle 3,173
      Madhavi D Dey 2,234
      Bhavya Shah 1,961
      Rohil A Gandhi 1,716
      Saransh Banga 1,371
      Sheetal Dhariya 1,159
      Priyanka Yadav 871
      Hemant Bhandare 602
      NARENDRA KALA 391
      Kamal Billimoria 376
      Makwana Yatin Sureshbhai 296
      Vinay Teli 168
      Aditi Avinash Pandere 117
      Lunar Chandrakant Sutar 77
      Varun Suhas Dhanawde 39
      Note: These holdings include those of the individual as well as his immediate/dependent family members.

    Riskometer
    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.

    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 1st April, 2019*

    Regular Plan: 1.96%*
    Direct Plan: 1.21%*
    * 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.



    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]