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  • PPFAS Mutual Fund :: Investmemt Process : Parag Parikh Long Term Equity Fund
    AUM (₹ Crores)
    4508.14
    As on August 31,2020
    NAV (Direct Plan)
    30.2630
    As on JUL 21, 2020
    NAV (Regular Plan)
    28.9962
    As on JUL 21, 2020
    Insider Holdings
    Rs. 156.41 Cr.
    As on August 31,2020

    In case of online applications, your money is usually debited as soon as you complete the application process. However, we often receive it only on the next working day (T+1) as all collections are pooled together and and sent to us at one stroke by our payment gateway provider.

    However, we currently offer the 'Direct Credit Facility' to Account Holders of the following Banks (Net Banking Transactions only...Not for Debit Card transactions):

    • HDFC Bank
    • ICICI Bank
    This ensures that monies transferred by the Account holders of these Banks in the usual course via the Payment Gateway, will reach us virtually instantaneously. Consequently, Units of PPLTEF can be allotted on the same day (for all Purchases undertaken prior to 1:00 PM).

    We intend to extend this facility to other Banks in due course.

    In case of other banks, you may choose to first transfer money via NEFT/RTGS to our Collection Accounts and then apply online, quoting the Unique Transaction Receipt (UTR) No. in your Application.

    Please contact us in case you have any queries in this regard.


    The timings provided below are further extended till further notice, as per SEBI communication dated April 30, 2020.
    Subscription Request (Fresh/Additional Purchase)
    Transaction Type Amount Cut off Time Credit confirmation Applicable NAV
    Application Received (Mon-Fri.)* Below Rs. 2 lakhs Before 1:00 PM N.A. Same day
    Application Received (Mon-Fri.)* Below Rs. 2 lakhs After 1:00 PM N.A. Next business day
    Application Received (Mon-Fri.)* Above Rs. 2 lakhs Before 1:00 PM Mandatory If credit is confirmed before 1:00 PM then that particular day.
    Application Received (Mon-Fri.)* Above Rs. 2 lakhs After 1:00 PM Mandatory Day and Time when Credit is confirmed – If received after 1:00 PM, then the next business day
    Application Received (Sat-Sun.) Below Rs. 2 lakhs Any Time N.A. Next business day
    Application Received (Sat-Sun.) Above Rs. 2 lakhs Any Time N.A. Day and Time when Credit is confirmed – If received before 1:00 PM then that particular day. If received after 1:00 PM, then the next business day
    * : Working Days only   All transactions submitted on non-working days will be processed on the next working day.    
    Redemption Request
    Transaction Type Amount Cut off Time Applicable NAV (Day 'T') Payout Schedule
    Redemption received (Mon–Fri)* Any Amount Before 1:00 PM Same day T+3 Working Days
    Redemption received (Sat.-Sun.) Any Amount Any time Next business day T+3 Working Days
    * : Working Days only   All transactions submitted on non-working days will be processed on the next working day.    
    Switch/Systematic Transfer Plan (STP)
    Transaction Type Amount Cut off Time Applicable NAV
    Liquid to PPLTEF Below Rs. 2 lakhs Before 1:00 PM* Liquid - Same day/Equity – Same day
    Liquid to PPLTEF Below Rs. 2 lakhs After 1:00 PM* Liquid – Next business day/ Equity – Next business day
    Liquid to PPLTEF Above Rs. 2 lakhs Before 1:00 PM* Liquid - Same day/Equity – Next business day
    Liquid to PPLTEF Above Rs. 2 lakhs After 1:00 PM* Liquid – Next business day/ Equity – T+2
    PPLTEF to Liquid   Before 1:00 PM* Equity – same day/Liquid – T+2 working days
    PPLTEF to Liquid   After 1:00 PM* Liquid – Next business day/ Equity – T+2
    * : Working Days only   All transactions submitted on non-working days will be processed on the next working day.  

    Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
    © 2020 PPFAS Asset Management Private Limited. All rights reserved.
    Sponsor: Parag Parikh Financial Advisory Services Limited. [CIN: U67190MH1992PLC068970], Trustee: PPFAS Trustee Company Private Limited. [CIN: U65100MH2011PTC221203], Investment Manager (AMC): PPFAS Asset Management Private Limited. [CIN: U65100MH2011PTC220623]