Parag Parikh Liquid Fund

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Parag Parikh Liquid Fund (PPLF) is An Open ended Liquid scheme. A Relatively Low Interest Rate Risk and Relatively low Credit Risk whose primary investment objective is to deliver reasonable market related returns with lower risk and high liquidity through judicious investments in money market and debt instruments. However, there is no assurance that the investment objective of the scheme will be realized and the scheme does not assure or guarantee any returns.

PPLF is a suitable option for investors who are seeking a low risk savings solution for short periods (usually, less than a year).

The key advantages of PPLF are:

It is a credible alternative to bank fixed deposits, enabling you to invest to deploy money for short periods.
It is a good option for those seeking a highly liquid option.
No exit load levied after six days.
You could use the proceeds from PPLF to systematically undertake transfers or Switches into other scheme/s offered by PPFAS Mutual Fund.

Plans offered by the Scheme

Direct Plan (i.e., investments not routed through distributor)
Regular Plan

Options	Sub-Options/ Facilities	Frequency of Income Distribution cum Capital Withdrawal Option	Record Date
Growth	NA	NA	NA
Income Distribution cum Capital Withdrawal Option	Daily Re-investment	Daily	All days for which NAV is published on www.amfiindia.com and http://amc.ppfas.com websites.
	Weekly Re-investment	Weekly	Every Monday
	Monthly Re-investment and Payout	Monthly	Last Monday of the Month

The Trustee/AMC reserves the right to change the record date from time to time

Subscription amount

Purchase	Additional Purchase
₹ 5,000 and in multiple of Re. 1 thereafter.	₹ 1,000 and in multiple of Re. 1 thereafter.

Please draw all cheques in favour of 'Parag Parikh Liquid Fund'

Minimum amount for monthly SIP, Rs. 1,000 and in multiple of Re. 1 thereafter and for Quarterly SIP, Rs. 3,000 and in multiple of Re. 1 thereafter

Minimum unit holder's account balance or minimum amount of application at the time of STP enrollment in the Transferor Scheme should be Rs. 6,000/- for Daily, Weekly, Fortnightly and Monthly option and Rs. 12,000/- for Quarterly option.

Minimum unit holder's account balance or minimum amount of application at the time of SWP enrollment in the Transferor Scheme should be Rs. 12,000/-

Collection Account for Liquid Fund

In case you desire to transfer funds via NEFT/RTGS, the Bank details are provided below:

Please note : The Bank Accounts mentioned below, pertain only to Parag Parikh Liquid Fund. Please do not deposit the Application Money for any other Scheme.

We will be compelled to reject such erroneous Applications and refund the amount within five working days.

Bank Name	Type of Account	A/c Number	Name of Account	IFSC Code
AXIS Bank	COLLECTION	918020038138452	PARAG PARIKH LIQUID FUND COLLECTION A/C	UTIB0000004
HDFC Bank	COLLECTION	57500000144502	PARAG PARIKH LIQUID FUND COLLECTION A/C	HDFC0000060
ICICI Bank	COLLECTION	000405116530	PARAG PARIKH LIQUID FUND COLLECTION A/C	ICIC0000004
Kotak Mah Bank	COLLECTION	3113187781	PARAG PARIKH LIQUID FUND COLLECTION A/C	KKBK0000958
State Bank of India	COLLECTION	37669770012	PARAG PARIKH LIQUID FUND COLLECTION A/C	SBIN0011777
Yes Bank	COLLECTION	000485700001305	PPFAS MUTUAL FUND COLLECTION ACCOUNT	YESB0000004

Expense Ratio

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Load Structure

Mutual Fund shall levy exit load on investors who exit the Liquid Fund within 7 days of their investment on a graded basis. As per SEBI norms, the Exit Load to be charged is as follows:

Investor Exit upon subscription	Exit Load as a % of redemption proceeds
Day 1	0.0070%
Day 2	0.0065%
Day 3	0.0060%
Day 4	0.0055%
Day 5	0.0050%
Day 6	0.0045%
Day 7 Onwards	0.0000%

Asset allocation

Sr. No.	Type of Instruments	Normal allocation (% of Net Assets)	Risk Profile
1	Money Market instruments (including cash, repo, CPs, CDs, Treasury Bills, TREPs/CBLO and Government Securities with maturity/residual maturity up to 91 days)	80-100	Low
2	Debt instruments (including Floating rate debt instruments and securitised debt with maturity/residual maturity up to 91 days)	0-20	Low to Medium

Portfolio Characteristics

The Scheme shall make investment in/ purchase debt and money market securities with maturity of up to 91 days only.

In case of securities with put and call options (daily or otherwise) the residual maturity shall not be greater than 91 days.

Inter-scheme transfers of Debt and Money Market Instruments in the Scheme shall be carried out in respect of securities with the maturity of up to 91 days.

The Scheme shall not engage into securities lending and borrowing.

Fund Manager

Mr. Raj Mehta will serve as the Fund Manager for the Scheme. He is a Chartered Accountant and CFA Charterholder, and is associated with PPFAS Mutual Fund since 2012. He is currently acting as Debt Fund Manager for Parag Parikh Flexi Cap Fund (PPFCF) since January 2016.