PPFAS Mutual Fund has 2500+ Distributors in West Bengal: Chairman & CEO Neil Parag Parikh

PPFAS Mutual Fund welcomed over 2,500 distributors in West Bengal in the last ten years, said Mr. Neil Parag Parikh, Chairman & CEO of PPFAS Mutual Fund, in a press meet organised by the fund house on 6 October in Kolkata. The fund house commenced its operation in May 2013 and merely four distributors were associated then. This marks a significant milestone for the company and is a testament to its strong commitment to partnering with distributors to help investors in the state achieve their financial goals.

“We are grateful to our distributors in West Bengal for their continued support and partnership. Their expertise and reach are essential to helping us reach investors across the state. We are committed to providing the best services to our distributors.” Mr. Parikh further added.
“We will be launching the Parag Parikh Arbitrage Fund; the new fund offer (NFO) opens on 23rd October 2023 and closes on 27th October 2023. We are here for a distributor meeting and looking forward to connecting with them again.” Mr. Parikh further added.

As per the press briefing by Mr. Parikh, PPFAS’s new Arbitrage fund will provide better tax saving benefits than conventional liquid funds for HNI and individuals in higher tax brackets. The fund is open ended with exit load for first one month. The fund’s expense ratio for direct plan is 0.35% and 0.70% for regular plan.

PPFAS Mutual Fund has been growing rapidly in recent years. The company’s assets under management (AUM) have grown from Rs. 152.45 crores in June 2013 to Rs. 46,010.87 crores as per the August 2023 factsheet. The company’s growth has been driven by its focus on providing high-quality investment products and services. PPFAS Mutual Fund is known for its transparent investment philosophy and clear communication.

The company’s expansion plans in West Bengal are in line with its overall growth strategy. PPFAS Mutual Fund is committed to providing its investors with the best possible investment experience and the company believes that expanding its presence in West Bengal will help it achieve this goal.

PPFAS Mutual Fund completed 10 years in May 2023. It currently offers four schemes: Parag Parikh Flexi Cap Fund (An open-ended dynamic Equity scheme investing across large-cap, mid-cap, and small-cap stocks), Parag Parikh Tax Saver Fund (An open-ended equity-linked savings scheme with a statutory lock-in of 3 years and tax benefit), Parag Parikh Conservative Hybrid Fund (An open-ended hybrid scheme investing predominantly in debt instruments), Parag Parikh Liquid Fund (An open-ended Liquid scheme with a Relatively Low Interest Rate Risk and Relatively low Credit Risk)