PPFAS Mutual Fund changes the scheme name

India Infoline News Service | Mumbai | September 16, 2016 14:59 IST

“We have changed the scheme name to pay homage to our founder, late Parag Parikh, whose vision and actions have been instrumental in where we stand today. Given his standing and image in the industry, it has the potential to ensure better connect and recall among investors, as compared to the acronym.” said Neil Parikh, Chairman and CEO, PPFAS Mutual Fund.

PPFAS Mutual Fund, promoted by Parag Parikh Financial Advisory Services Pvt. Ltd. (PPFAS) has changed the name of its flagship scheme PPFAS Long Term Value Fund with effect from today, September 16, 2016. The only scheme offered by PPFAS Mutual Fund will now be known as Parag Parikh Long Term Value Fund.
Previous name New name
PPFAS Long Term Value Fund Parag Parikh Long Term Value Fund
 
Neil Parikh, Chairman and CEO, PPFAS Mutual Fund Said, “We have changed the scheme name to pay homage to our founder, late Parag Parikh, whose vision and actions have been instrumental in where we stand today. Given his standing and image in the industry, it has the potential to ensure better connect and recall among investors, as compared to the acronym.”
 
“I am happy to announce the change just before our AGMs scheduled in Bengaluru, Chennai and Mumbai. We would explain the rationale to our unit-holders in a face to face conversation. Since inception PPFAS Mutual Fund conducts AGMs for its unit-holders wherein the management put themselves up for scrutiny to any questions related to the scheme, fund house etc. that the Investors may have at the event.” Mr. Parikh further added.
 
Parag Parikh Long Term Value Fund is a diversified equity oriented scheme with ability to invest in stocks of large and small size companies across sectors, both, in India and abroad. Besides this, it can also participates in special situations or arbitrage opportunities as and when they arise. It is positioned as an all-encompassing equity scheme. You need to read scheme offer document to know detailed information about this scheme.
 
As on August 31, 2016 AUM of the scheme is Rs 687.45 crores out of which 12.81 percent is invested by the promoter group, management and employees of the fund house.

 

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