Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Mutual Funds

| More

PPFAS Mutual Fund Plans to Open Seven Branches this Year

Posted On: 2020-02-16 16:57:17 (Time Zone: IST)

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 said, "It is extremely heartening to see our fund came a 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."

"It was important that we had 'feet on the street' in 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 least four more cities which are showing good traction for us- Chennai, Ahmedabad Hyderabad and Kolkata. I hope this positive momentum continues for us and we can further expand our reach, to welcome more investors and partners to the PPFAS family." Mr. Parikhfurther added.

Since 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'.

The fund manages 2980.32 Crores of around One lakh Eighty Thousand investors as per the latest factsheet.

Click here to send ur comments or to

Other Headlines:

Samco Mutual Fund targets 10% of total MFDs in Telangana Market by Year End

Edelweiss AMC launches Edelweiss NIFTY PSU Bond Plus SDL Index Fund - 2027

'Mangoes as a Metaphor' in L&T Mutual Fund's 'Investing Ke Aam Tarikey' campaign

Samco Mutual Fund introduces 'Stress Tested Investing', to launch truly Active Funds with high active share

UTI Flexi Cap Fund declares Income Distribution Cum Capital Withdrawal

First International Fund by IDFC Mutual Fund - NFO opens on 29 July, 2021

TRUST Asset Management announces the launch of TRUSTMF Short Term Fund

Edelweiss AMC converting its IPO-focused Maiden Opportunities Fund into an open-ended Fund

L&T Mutual Fund launches 'Late Lateef 2021'

Edelweiss Mutual Fund Launches Edelweiss NIFTY PSU Bond Plus SDL Index Fund - 2026 NFO on March 10, 2021

L&T Mutual Fund launches L&T FMP Series XX - Plan A

Axis Mutual Fund launches 'Axis Banking ETF'

Franklin Templeton provides an update on winding up of 6 Fixed Income Schemes

Principal Asset Management launches Principal Large Cap Fund

Principal Asset Management launches Investor Education Campaign, #ItihasGawahHai

Union Asset Management Company (Union AMC) Announces Launch of Union Medium Duration Fund

Mahindra Mutual Fund Launches 'Mahindra Top 250 Nivesh Yojana,' an equity scheme focused on large & mid cap companies

Aditya Birla Sun Life Mutual Fund launches Aditya Birla Sun Life Banking ETF

UTI Mastershare Unit Scheme - 3 decades of history in Wealth Creation

SAMCO's RankMF launches SmartSIP

Edelweiss Asset Management launches - Retirement Plan

Leading the way, ETMONEY pioneers Instant SIP set up through its platform for millions of Indian investors

ITI Asset Management Company launches ITI Multi Cap Fund

ICICI Prudential Bharat Consumption Fund NFO open for subscription

BNP Paribas launches Dynamic Equity Fund

Kotak Mahindra and L&T win big at CNBC-TV18's Mutual Fund Awards 2018

More than 96% Consumers not Aware of Direct Plans of Mutual Funds, says Survey

Shriram Asset Management Company Ltd to launch 'Shriram Multicap Fund'

CLEARFUNDS makes investing in Direct Mutual Funds 'FREE'

HDFC TaxSaver Fund declares dividend of Rs. 7

HDFC Long Term Advantage Fund declares dividend of Rs. 4

BOI AXA MIDCAP TAX FUND - Series 1 NFO Closes on 9 February, 2018

Ashburton Investments to merge India Equity Opportunities Fund with IIFL AMC's fund

Bharat 22 is a good investment option for individual investors: Angel Broking

Indiabulls Mutual Fund Launches Tax Savings Fund

Angel Broking's ARQ Mutual Fund recommendations outperforms Index

Ambit Alpha Fund crosses INR 1,000 crore in AUM

DSP BlackRock launches DSP BlackRock Equity Savings Fund, NFO opens on March 8, 2016

Birla Sun Life Mutual Fund introduces 100% paperless, Aadhaar-based eKYC

Axis MF launches Axis Children's Gift Fund, an open-ended balanced scheme

Motilal Oswal MOSt Shares Gold Exchange Traded Fund Fixes Record Date for Winding up of the Scheme

Kotak Tax Saver Fund announces Dividend of Rs. 0.10

Kotak Bond Short Term Plan announces Dividend

ICICI Prudential Mutual Fund launches an open ended equity fund

BSE StAR MF crosses turnover of Rs. 282 crore

Goldman Sachs Nifty Exchange Traded Scheme (NIFTY BEES) Board approves Dividend of Rs. 7

Goldman Sachs Banking Index Exchange Traded Scheme (BANK BEES) Board approves Dividend of Rs. 11

Goldman Sachs S&P CNX Nifty Shariah Index Exchange Traded Scheme (SHARIA BEES) Board approves Dividend of Rs. 2

Goldman Sachs Nifty Junior Exchange Traded Scheme (JUNIOR BEES) Board approves Dividend of Rs. 1

SHARIA BEES Board Meeting on Feb 24, 2014 to consider Dividend

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020