PPFAS Mutual Fund assures no dramatic change in portfolio of its multi cap fund
Parag Parikh Long Term Equity Fund has given 24% returns in the last one year
3-year SIP in PPFAS's multi cap fund has given 18% annualised returns and a 5-year SIP has fetched 16%
PPFAS Mutual Fund assures to run the Parag Parikh long Term Equity Fund in the same manner with no or little disruptions. Why is this scheme important? Parag Parikh long Term Equity Fund is a seven-year old fund which has since ever outperformed much larger and older funds in the category. "One of the advantages of running very few schemes is to navigate regulatory risk. Each mutual fund is allowed to launch one scheme per category. All other categories are open for us to reclassify to the category to run the scheme in the same way as we are running it currently. We will make sure that there are no disruptions or very little disruptions," said Neil Parikh, CEO, PPFAS Mutual Fund during the online AGM held on October 24.