PPFAS Mutual Fund :: Parag Parikh Long Term Value Fund - Key Features
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

Key Features of the Scheme

Investment Objective:
The 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 be investing in Indian equities, foreign equities and related instruments and debt securities. Buying securities at a discount to intrinsic value will help to create value for investors. Our investment philosophy is to invest in such value stocks. Long Term refers to an investment horizon of 5 years and more.
Benchmark:
Nifty 500
Entry Load: Not Applicable.
Upfront commission shall be paid directly by the investor to the ARN Holder (AMFI registered Distributor) based on the investors' assessment of various factors including the service rendered by the ARN Holder.
Exit Load:
Redemption: 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.

Switch: Not applicable.
Minimum Application Amount
  • New Purchase: Rs. 1,000 and in multiple of Re. 1 thereafter.
  • Additional Purchase: Rs. 1,000 and in multiple of Re. 1 thereafter.
  • In case of monthly SIP , Rs. 1,000 and in multiple of Re. 1 thereafter.
  • In case of quarterly SIP Rs. 3,000 and in multiple of Re. 1 thereafter.
Asset Allocation
The corpus of the Scheme will be invested primarily in equity and equity related instruments. The Scheme may invest a part of its corpus in debt and money market instruments, in order to manage its liquidity requirements from time to time, and under certain circumstances, to protect the interests of the Unit holders. Scheme may invest in permitted foreign securities. Under normal circumstances, the asset allocation (% of Net Assets) of the Scheme's portfolio will be as follows.

Type of Instruments Minimum allocations
(% of net assets)
Maximum allocations
(% of net assets)
Risk Profile
Equity and equity related instruments 65 100 Medium to high risk
Debt Securities, Money Market Securities 0 35 Low to medium risk
Foreign Equity and equity related instruments 0 35 Medium to high risk
Investments in securitised debt, if undertaken, shall not exceed 25% of the net asset of the scheme. From time to time, the Scheme may hold cash. For further details, please refer to the Scheme Information Document.

The Scheme may seek investment opportunity in the Foreign Securities (including ADR/ GDR/ foreign equity and equity related instruments), in accordance with guidelines stipulated in this regard by SEBI and RBI from time to time. Under normal circumstances, exposure to foreign securities subject to regulatory limits shall not be more than 35% of the Scheme's net assets. In addition to the instruments stated in the table above, the Scheme may enter into repos/ reverse repos as may be permitted by RBI. From time to time, the Scheme may hold cash. A part of the net assets may be invested in the Collateralised Borrowing & Lending Obligations (CBLO) or repo. In the event that the asset allocation of the scheme should deviate from the ranges as stated in asset allocation table above, then the portfolio of the scheme will be rebalanced by the fund manager for the position indicated in the asset allocation table above within a maximum period of 30 working days from the date of said deviation.
Focus on the long term
Investments would be made with a long term perspective. The 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. The Fund Manager will follow an active investment strategy primarily based on fundamental research driven bottom up stock selection approach. Since Investing requires disciplined risk management, the AMC would incorporate safeguards seeking to control risks in the portfolio construction process. Such safeguards would include reasonable diversification of the portfolio, which the AMC aims to achieve by spreading the investments over a range of industries, sectors and market capitalizations.
Who manages the Scheme?

Name and Age Educational Qualifications Experience (last 10 years) Fund Managed
Rajeev Thakkar
Rajeev Thakkar
(Equity Fund Manager)
45 Years
B. Com.(Bombay University)

Chartered Accountant

CFA Charter Holder

Grad ICWA
Till March 2012 he was acting as a Chief Executive Officer of PPFAS (Sponsor Company).

He has joined the company in 2001.

He started his career in the year 1994 and he has experience of working in areas like; merchant banking, managing fixed income portfolio, broking operations, PMS operations.

He was functioning as a Fund Manager for PMS service of PPFAS managing a portfolio of around Rs. 300 crores.

He is acting as a Chief Investment Officer and Fund Manager to the Company.
He managed PMS Scheme of PPFAS (with a corpus of around Rs. 300 crores.
Raunak OnkarRaunak Onkar (Dedicated Fund Manager for overseas investments)
32 Years
Bsc. IT (Bombay University)

MMS- Finance (Bombay University)
He has more than 8 years of experience in the capital market. He started his career with Parag Parikh Financial Advisory Service Limited, following his internship, in the year 2009.

He joined PPFAS as a research analyst. He was appointed as Head- research in the year 2011.

He is working with the company as an Associate Fund Manager.
He manages the overseas investment of the scheme since it's inception ie. May 2013
Raj MehtaRaj Mehta
(Debt Fund Manager)
28 Years
B.Com (Mumbai University)

M.Com (Mumbai University)

Chartered Accountant

CFA Charter Holder
He has collectively over 5 years of experience in investment research.

He started his career with PPFAS Asset Management Pvt Ltd as an intern in 2012. Following which, he joined the company as a Research Analyst in 2013.

He is a Commerce graduate from University of Mumbai, a fellow member of Institute of Chartered Accountants of India (ICAI) and a CFA Charter Holder. He is also a certificate holder of FIMMDA-NSE Debt Market module issued by NCFM.
He is managing the debt component of the scheme since 1 Year 3 months.
Plans offered by the scheme
  • Direct Plan (i.e., investments not routed through a distributor)
  • Regular Plan
For both the above plans scheme offers only “Growth Option” and no "Dividend option".

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]