Chandigarh, 7 Nov, 2019: “Investing in International Stocks is now just a click away,” said Mr Neil Parag Parikh, Chairman and CEO, PPFAS Mutual Fund. He was in Chandigarh to address Independent Financial Advisors (IFAs) and Registered Investment Advisors (RIAs) and inviting them to partner with PPFAS Mutual Fund in its investing journey.
Mr Parikh continued, “Chandigarh, the wealthiest town of India has a great potential for investment in Mutual Funds. We will continue partnering with like-minded distributors and investors. Our closest office is in Delhi, however, our Registrar & Transfer Agent, CAMS, whose office is located in Chandigarh, doubles up as our collection agent for Application Forms and also responds to queries posed by our investors and distributors”.
PPFAS Mutual Fund, sponsored by Parag Parikh Financial Advisory Services Private Limited, manages money using value investing principles. It has about 1.25 Lakh investors and currently manages assets of around Rs 2537 crore. Chandigarh, Haryana and Punjab together constitute around 4 % of the Assets Under Management (AUM) as well as the Unit holder base.
Its flagship scheme, Parag Parikh Long Term Equity Fund (PPLTEF), is one of a handful of Indian mutual fund schemes that invest in a basket of Indian and foreign stocks. As per the latest fact sheet, It has generated a return of 15.8% per year (CAGR) for its investors, since inception in May 2013.
Apart from its flagship, PPFAS Mutual Fund also offers two other schemes. Parag Parikh Tax Saver (PPTSF), an Equity Linked Savings Scheme, offering income tax benefits under section 80C, with a statutory lock in of 3 years. Parag Parikh Liquid Fund is a scheme focused on offering relatively safe returns, which also doubles up as a platform to help investors initiate investments into PPLTEF through the Systematic Transfer Plan (STP) route.
PPFAS Mutual Fund is also regarded as one of the most accessible Fund houses. Besides having an active presence on social media, it is the only fund house in India to conduct an AGM (Annual General Meeting) for its unitholders.
Its mobile and Web App, titled PPFAS ‘Self Invest’ frees investors from the confines of their desktop and empowers them to seamlessly transact and view their holdings on demand, from their Android and iOS (Apple) enabled devices.