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PPFAS Mutual Fund launches Parag Parikh Dynamic Asset Allocation Fund

Staff Reporter –

PPFAS Mutual Fund today announced the launch of the Parag Parikh Dynamic Asset Allocation Fund, an open-ended dynamic asset allocation fund. The new fund offer (NFO) will be available for subscription from February 20, 2024, to February 22, 2024. The investment objective of the Scheme is to generate income/longterm capital appreciation by investing in equity, equity derivatives, fixed income instruments. The allocation between equity instruments and fixed income will be managed dynamically so as to provide investors with long term capital appreciation while managing downside risk.

The minimum investment in the scheme shall be Rs 5,000 and subsequent investments can be any amount thereafter. The scheme will reopen on February 28, 2024.

The performance of the scheme will be benchmarked against the Tier I Benchmark Index – CRISIL Hybrid 50+50 Moderate Index. The scheme will be managed by Rajeev Thakkar, Raunak Onkar, Raj Mehta, Rukun Tarachandani and Mansi Kariya.

Mr. Neil Parag Parikh, Chairman and CEO of PPFAS Asset Management Private Limited (Investment Manager to PPFAS Mutual Fund) said, “Parag Parikh Dynamic Asset Allocation Fund is a unique offering which fills a gap in our product offering. Given the indexation benefit offered, Investors could consider the Scheme as a relatively tax-friendly option, meant for their debt allocation.”

Both Direct and Regular Plans will offer Growth and Income Distribution cum Capital Withdrawal Options.

Parag Parikh Dynamic Asset Allocation will be the sixth scheme by the fund house since its inception in May 2013.Most of the schemes in the Balanced Advantage Fund or Dynamic Asset Allocation Fund category are equity-oriented, however, the scheme will maintain the equity allocation between 35% and 65% to avail indexation benefits.

No exit load will be levied for the 10% of units from the date of allotment, however, 1% load will be applicable if redeemed within one year of the date of allotment for the beyond 10% of the units. No exit load will be levied if redemption is made after 1 year from the date of allotment of units.

Any exit load charged (net off GST, if any) shall be credited back to the Scheme.

For Scheme Information Document (SID) and other details, please visit.
https://amc.ppfas.com/downloads/kim-sid-and-sai/

About PPFAS Mutual Fund: PPFAS Mutual Fund (PPFAS MF) is sponsored by Parag Parikh Financial Advisory Services Limited (PPFAS Ltd.), a boutique investment advisory firm incorporated in 1992. The Sponsor was among India’s 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. Before that, it was led by the Founder, (Late) Mr. Parag S. Parikh.
*Latest Factsheet Link

 

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