Parag Parikh Long Term Value Fund
AUM (₹ Crores)
987.31
As on Dec 29, 2017
No of Folios
15,923
As on Jan 17, 2018​
NAV (Direct Plan)
24.4898
As on Jan 17, 2018​
NAV (Regular Plan)
23.9032
As on Jan 17, 2018​
Insider Holdings
11.52%
As on December 31, 2017

Parag Parikh Long Term Value Fund is a diversified equity scheme. Offer Document is available in the 'Downloads' section.

Its investment universe is not restricted by any self-imposed limitations in terms of sector, market capitalisation, geography, etc. However, an average of 65% of its corpus will be invested in listed Indian equities, in order to benefit from the favourable Capital Gains tax treatment accorded to such schemes.

The domestic portion of the scheme will be managed by Mr. Rajeev Thakkar, while Raunak Onkar manages the foreign investment component. Raj Mehta is responsible for the 'fixed income' investment component.

This scheme is only suitable for 'true' long term investors....
However, if you are an investor:
  • Who knows the perils involved in instant gratification
  • For whom the term 'long term' means a minimum period of five years.
  • Who gets excited rather than repelled, when stock prices and valuations are low.
  • For whom purchasing a stock is no different from purchasing a business.
Then we urge you to partner with us, as this scheme has been designed with you in mind.

We will follow a simple (though not simplistic) investment process. As we will not pay mere lip service to value investing, it may mean that often we will be purchasing businesses which are going through a painful phase and are therefore unloved. Each of them will blossom at different points and that is why, there may be extended periods when you may feel that 'nothing is happening'. While some may regard us as boring, we are adamant that we will never sacrifice prudence for the sake of providing excitement.

Also, the fund managers will attempt to profit from various cognitive and emotional biases displayed by companies and market participants. In other words, along with the dissection of financial statements, there will also be an overlay of the study of human emotions.

Also, having strong conviction in the principle of compounding, we will offer our investors only the 'Growth Option” and not the 'Dividend Option'.

It is well known that to be successful in investing one must invest when others are fearful and divest when others are greedy. However, considering that Parag Parikh Long Term Value Fund is an open ended scheme, its ability to invest during bear markets will depend on your behaviour as investors. If investors desert us when prices are low, it will naturally constrain our ability to make investments when valuations are alluring.

Being an equity mutual fund scheme, we cannot guarantee any returns. However, what we can assure you is that we will manage your money prudently in order to help you get closer to achieving your long-term financial goals.
This scheme is not for you if...
  • You track mutual fund Net Asset Values everyday.
  • To you, the term 'Long Term” is merely a year or two.
  • You believe that investing should be 'exciting'
  • You fear, rather than welcome, stock market volatility
  • You believe you have the ability to time the market
  • You are impressed by fund managers who profess to be magicians
  • You prefer complex mutual fund products to simple ones.
  • You depend on periodic income in the form of mutual fund dividends
because, most likely, you will be disappointed!

Riskometer
riskometerThe 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 invest in Indian equities, foreign equities and related instruments and debt securities.

Investors should consult their financial advisers if in doubt about whether this scheme is suitable for them.

Download SID/SAI and KIM here.

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: 2.44%*
Direct Plan: 1.88%*$
* * Inclusive of GST on management fees & additional charge in respect of sales beyond T-15 cities. $ "Inclusive of Asset Management Company (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.
© 2018 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]