PPFAS Mutual Fund :: We have our skin in the game
AUM (₹ Crores)
1056.19
As on Apr 30, 2018
NAV (Direct Plan)
24.1905
As on May 23, 2018
NAV (Regular Plan)
23.5657
As on May 23, 2018
Insider Holdings
10.81%
As on April 30, 2018

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 April 30, 2018

    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.
    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.
    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.
    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.



Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
© 2018 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]