PPFAS Mutual Fund :: We have our skin in the game
AUM (₹ Crores)
944.77
As on November 30, 2017
No of Folios
14,914
As on Dec 17, 2017​
NAV (Regular Plan)
22.8816
As on Dec 17, 2017​
NAV (Direct Plan)
23.4262
As on Dec 17, 2017​
Insider Holdings
11.64 %
As on November 30, 2017

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 Value 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 November 30, 2017

    Name Designation Number of units held
    Suneel Rasmikant Gautam Director 10323420
    Sahil P Parikh Director 1151204
    PPFAS Limited Sponsor Company 488172
    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 - 17462152
    PPFAS ASSET MANAGEMENT PVT LTD 11206398
    Rajeev Navinkumar Thakkar Director and CIO 4228270
    Neil Parag Parikh Chairman and CEO 1250851
    Kamlesh Mafatlal Somani Independent Director 96867
    Rajesh Bhojani Director 79545
    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 151788
    Jayant R Pai Head - Marketing 91623
    Raj Kirit Mehta Fund Manager - Debt 46820
    Raunak Onkar Dedicated Fund Manager for overseas investments 33812
    Shashi Menghraj Kataria Head - Accounts and taxation 18782
    Mahesh Vishvanath Sarode Head Investor Relations - Distributor Channel 18038
    Raju H Shelat Head - Operations 17058
    Ranbir D.Nayal Head - IT Infrastructure 4828
    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
    Vaibhav Sunil Kapur 114250
    Jignesh C Desai 23728
    Ashok Pandurang Kerkar 19304
    Nandan Madhiwalla 14328
    Usha Dalsukhbhai Galia 10889
    Neeta Milan Shukla 4572
    Ratnavathi Arun Puthran 3342
    Vinay Teli 3283
    Malang Ahmad Shaikh 2483
    Sanjay B Shroff 2120
    Madhavi D Dey 1685
    Shailendra Pandey 1564
    Bhavya Shah 1464
    Palak Kekul Dalal 1293
    Pritam Mahendra Kijbile 972
    Chittara Acharya 677
    Mitesh Shailesh Shah 658
    Arun Kumar Yadav 534
    Priyanka Yadav 366
    Makwana Yatin Sureshbhai 297
    Frenzina Fernandes 59
    Note: These holdings include those of the individual as well as his immediate/dependent family members.

Name of the Scheme

Parag Parikh Long Term Value 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*

Regular Plan: 2.56%*
Direct Plan: 1.99%*$
* Inclusive of GST on management fees & additional charge in respect of sales beyond T-15 cities. $" Inclusive of Asset Management Compnays (AMC) AUM for which we are not charging any management fees as per SEBI guideline"

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.
© 2017 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]