PPFAS Mutual Fund opens its first branch in New Delhi

PPFAS Mutual Fund opens its first branch in New Delhi

New Delhi, 28 August 2019:  PPFAS Mutual Fund, sponsored by Parag Parikh Financial Advisory Services, today widened its footprint by opening its first branch in the capital of India. The new branch is located at 903, 9th Floor, Mercantile House,15 KG Marg, New Delhi -110001.

Mr Aalok Mehta, Head - Investor Relations and Mr Mahesh Sarode, Head - Distribution, PPFAS Mutual Fund inaugurated the branch in the presence of New Delhi Staff. 

Mr Neil Parag Parikh, Chairman and CEO, PPFAS Mutual Fund, said, “Opening our first branch in New Delhi is one step forward to our intention of expanding our ground presence and offer seamless services to our investors. New Delhi has always been a focussed market for us. Having a local branch in the city will help us to service our clients in NCR region.”

“We shall open more branches in other cities this year.” Mr Parikh further added.

PPFAS Mutual Fund is one of the fastest-growing fund houses in India as per a third party data. Since its inception, it offers overall three schemes. Parag Parikh Long Term Equity Fund, the flagship scheme of the fund house has the freedom to invest in India and up to 35 % in the global markets. Parag Parikh  Liquid Fund enables investors to transact and invest in the existing flagship equity scheme through a systematic transfer plan (STP).

The fund house has launched its third scheme Parag Parikh Tax Saver Fund in the month of July 2019 this year. The investor in this scheme can avail Income Tax benefits up to Rs. 1.50 lakhs u/s 80C with a statutory lock-in period of 3 years.

Investors can transact and undertake various other activities using their Mobile and Web App, titled 'PPFAS SelfInvest'. 

About PPFAS Mutual Fund:

PPFAS Mutual Fund (PPFAS MF) has been sponsored by Parag Parikh Financial Advisory Services Pvt. Ltd. (PPFAS Pvt. Ltd.), a boutique investment advisory firm incorporated in 1992. The Sponsor was amongst India's earliest SEBI Registered Portfolio Management Service (PMS) providers, having secured a license in 1996. PPFAS Asset Management Private Limited (investment manager to PPFAS Mutual Fund) is led by Mr. Neil Parag Parikh, the Chairman and CEO, since May 2015. Prior to that, it was led by the Founder, (Late) Mr. Parag S. Parikh.

Risk Factors: All investments in mutual funds and securities are subject to market risks and the NAV of the scheme may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. There can be no assurance that a schemes investment objectives will be achieved. The past performance of the mutual funds managed by PPFAS Mutual Fund is not necessarily indicative of future performance of the schemes. The above are only the name of the scheme and do not in any manner indicate the quality of the schemes, their future prospects or returns.

Disclaimer: In the preparation of the material contained in this document, the Asset Management Company (AMC) has used information that is publicly available, including information developed in-house. Information gathered and material used in this document is believed to be from reliable sources. We have included statements / opinions / recommendations in this document, which contain words, or phrases such as “will”, “expect”, “should”, “believe” and similar expressions or variations of such expressions that are “forward looking statements”. Actual results may differ materially from those suggested by the forward looking statements due to risk or uncertainties associated with our expectations with respect to, but not limited to, exposure to market risks, general economic and political conditions in India and other countries globally, which have an impact on our services and / or investments, the monetary and interest policies of India, inflation, deflation, unanticipated turbulence in interest rates, foreign exchange rates, equity prices or other rates or prices etc. The AMC, the Mutual Fund, the trust and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of this material in any manner. The recipient alone shall be fully responsible/are liable for any decision taken on this material.