PPFAS Mutual Fund :: We have our skin in the game
No of Folios
67,544
As on Feb 19, 2019​
AUM (₹ Crores)
1530.6
As on Jan 31, 2019
NAV (Direct Plan)
24.6488
As on Feb 19, 2019
NAV (Regular Plan)
23.8964
As on Feb 19, 2019
Insider Holdings
7.31 %
As on Jan 31, 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 January 31, 2019

    Name Designation Number of units held
    Suneel Rasmikant Gautam Director 1,02,19,565
    Sahil P Parikh Director 11,99,933
    PPFAS Pvt. Ltd. Sponsor Company 4,88,171
    Jignesh C Desai Others 23,810
    Ratnavathi Arun Puthran Others 4,205
    Neeta Milan Shukla Others 3,914
    Sanjay B Shroff Others 2,377
    Deepali Rathore Others 616
    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 - 1,50,83,505
    PPFAS ASSET MANAGEMENT PVT LTD 1,18,66,511
    Rajeev Navinkumar Thakkar Director and CIO 43,89,675
    Neil Parag Parikh Chairman and CEO 13,11,980
    Kamlesh Mafatlal Somani Independent Director 96,867
    Rajesh Bhojani Director 93,933
    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 1,86,522
    Jayant R Pai Head - Marketing 1,34,841
    Raunak Onkar Dedicated Fund Manager for overseas investments 72,381
    Raj Kirit Mehta Fund Manager - Debt 70,067
    Mahesh Vishvanath Sarode Head Investor Relations - Distributor Channel 56,207
    Raju H Shelat Head - Operations 24,000
    Shashi Menghraj Kataria COO,CFO and Director 11,877
    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 25,396
    Usha Dalsukhbhai Galia 20,051
    Palak Kekul Dalal 15,637
    Shailendra Pandey 7,566
    Madhavi D Dey 3,615
    Mansi 3,338
    Mansi Riki Kariya 3,181
    Malang Ahmad Shaikh 2,972
    Abhishek Goenka 2,968
    Yashodhan Nerurkar 2,908
    Bhavya Shah 1,961
    Ninad Chandrakant Bhosle 1,807
    Vinay Teli 1,769
    Pritam Mahendra Kijbile 1,562
    Priyanka Yadav 871
    G Prithvinath Reddy 860
    Rohil A Gandhi 854
    Sheetal Dhariya 457
    Makwana Yatin Sureshbhai 296
    Hemant Bhandare 251
    NARENDRA KALA 41
    Aditi Avinash Pandere 39
    Varun Suhas Dhanawde 39
    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: 1.25%*
* 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]