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February 15, 2020
PPFAS Mutual Fund sponsored by Parag Parikh Financial Advisory Services Private Limited opened two new branches in Bengaluru and Pune. In addition to the head office in Mumbai the fund house has now three branches overall. It had opened its first branch in New Delhi last year.PPFAS Mutual Fund expands footprint with plans to open seven branches this year in various cities across India.
Neil Parag Parikh Chairman and CEO PPFAS Mutual Fund
The new offices are located atclick here.
Neil Parag Parikh Chairman and CEO PPFAS Mutual Fund saidââIt is extremely heartening to see our âfundcamea long way since we began operations in 2013 in terms of the number of investors as well as the number of advisors. As such it is imperative that we plan out this growth in a structured and sustainable way. From a single office in Mumbai we have expanded our branch presence in three additional cities- New Delhi Bengaluru and Pune in the last 6 months.ââ
ââIt was important that we hadfeet on the streetin these growing markets for us in order to serve our investors and partners more effectively and promptly. Going forward in the coming year we hope to start operations in at leastfour more cities which are showing good traction for us- Chennai AhmedabadHyderabad and Kolkata. I hope this positive momentum continues for us and we can furtherexpand our âreach to welcome more investors and partnersto the PPFAS family. âMr. Parikh furtheradded. â
âSince its inception it offers overall three schemes. Parag Parikh Long Term Equity Fund the flagship scheme of the fund the 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 had launched its third scheme Parag Parikh Tax Saver Fund in July 2019 last 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.
âThe fund manages 2980.32 Crores of around One lakh Eighty Thousand investors as per the latest factsheet.
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 Indias 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.