Parag Parikh Liquid Fund

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Parag Parikh Liquid Fund (PPLF) is an open-ended scheme whose primary investment objective is to deliver reasonable (non-guaranteed) 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 with no exit load.
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 Dividend	Record Date
Growth	NA	NA	NA
Dividend	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, ₹ 1,000 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 ₹ 6000/-

Minimum unit holder's account balance or minimum amount of application at the time of SWP enrollment in the Transferor Scheme should be ₹ 12000/-

Collection Account for Liquid Fund

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

Bank Name	Branch	A/c Number	Name of Account	IFSC Code
AXIS Bank	Fort Branch, Mumbai	918020038138452	PARAG PARIKH LIQUID FUND COLLECTION A/C	UTIB0000004
DBS	Nariman Point	811200177764	PARAG PARIKH LIQUID FUND COLLECTION A/C	DBSS0IN0811
HDFC Bank	Fort Branch	57500000144502	PARAG PARIKH LIQUID FUND COLLECTION A/C	HDFC0000060
ICICI Bank	Free Press House, 215 Nariman Point, Mumbai 400 021.	000405116530	PARAG PARIKH LIQUID FUND COLLECTION A/C	ICIC0000004
State Bank of India	Capital Market Branch, Mumbai	37669770012	PARAG PARIKH LIQUID FUND COLLECTION A/C	SBIN0011777

Expense Ratio

Direct: 0.15% p.a. *
Regular: 0.25% p.a. *
* Exclusive of GST on management fees.

Load Structure

Entry Load: Nil | Exit Load: Nil

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, 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 Long Term Equity Fund (PPLTEF) since January 2016.