9 November 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 and Registered Investment Advisors and inviting them to partner with PPFAS.
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.