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  #1  
Old 13th May 2013, 06:45 PM
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Default PPFAS Mutual Fund NFO



Is anyone planning to invest?

PPFAS Mutual Fund :: Invest through eNFO!
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  #2  
Old 14th May 2013, 03:42 PM
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This is an interesting NFO.

This fund will be managed by PPFAS AMC, which is promoted by PPFAS Ltd.

For those who don't know, PPFAS is acronym for Parag Parikh Financial Advisory Services.

PPFAS Ltd. claims to be one of India's earliest SEBI Registered Portfolio Management Service (PMS) providers.

According to this article, they are currently managing Rs 350 crore, which is a significant amount.

Quote:
We have Rs 350 crore assets under management in PMS.
PPFAS Mutual Fund: Media: I'll change the rules of the game in the mutual fund industry: Parag Parikh

PPFAS AMC claims that its mutual fund will be different from others mutual funds in the market.

Here are some of ways in which the AMC claims it will be different:

1. First and foremost, PPFAS AMC will be launching just one equity mutual fund scheme - "PPFAS Long Term Value Fund". The idea is to avoid creating any confusion in the minds of the investors.

This may be the first as well as the last NFO from this AMC. .

- The fund's investment decisions will be based only on fundamental analysis. Technical analysis and other methods will have no role to play.

- The AMC will not have a sales team, but will have a "small team of relationship managers".

(Nowadays there isn't much of a difference between the two. The relationship managers at most of the financial firms are nothing more than sales people).

- The AMC will not offer any upfront commission to distributors. A trail commission of 50 basis points will be offered.

- The management of the AMC and the fund and the employees of the two will be encouraged to invest in the mutual fund too and their investments will be disclosed to the public.

- There will be no exit load for the scheme.

- There will be no dividend option, only a growth option.

The fund will have an expense ratio of 2% for the direct plan and 2.5% for the regular plan.

Asset allocation for the scheme will be as follows:

India equities: 65%-100%.
Debt and money market instruments: 0%-35%.
Overseas equity investments: 0%-35%.

I am not sure what kind of expertise PPFAS has in overseas investments. A 35% upper limit for overseas investments looks too high to me.

Also, overseas investments will expose investors to currency risks.

It would have been better if the company had offered a second scheme with no overseas exposure. I am sure there are many investors who want to invest only in India.

e.g. NRIs can directly in foreign equities and thus may not like the idea of their money being rerouted into overseas investments via an Indian mutual fund.
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  #3  
Old 24th November 2013, 07:11 PM
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Parag Parikh’s PPFAS Mutual Fund Doubles AUM & Outperforms Peers



– Parag Parikh

I plan to continue further investment here.

Last edited by magnet : 24th November 2013 at 07:21 PM.
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  #4  
Old 25th November 2013, 02:03 AM
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Valuer research link -

Equity: Large & Mid Cap - Fund Selector - Returns - Value Research Online
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  #5  
Old 25th November 2013, 09:08 AM
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Quote:
Originally Posted by Atiker View Post
Atiker your post meant there are many MF which gave much better return than ppfas.
But what entice me is the corpus is smallest of all. So if they stick to quality, chances of appreciation is much high.when corpus becomes big there is too much churning and see how hdfc top 200 performed in last 3-4 years where even winners are churn out early.
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Old 25th November 2013, 10:33 AM
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Quote:
Originally Posted by magnet View Post
But what entice me is the corpus is smallest of all.So if they stick to quality chances of appreciation is much high.when corpus becomes big there is too much churning and see how hdfc top 200 performed in last 3-4 years where even winners are churn out early.
So is there a reason why corpus of this fund wouldn't become bigger? i.e. if it does well, obviously more people would buy and less would sell and it would be become bigger.

Also, I am not sure if the main reason why hdfc top 200 has not done well in the last 3-4 years is the corpus. Though that's one reason, the main reason I think is that most big cap funds always do very similar to the market unless it's a bull market. In a bull market, they may outperform the index big but in other markets, they perform very similar to how the index does. The index hasn't done well in the last 3-4 years & hence most of the big cap funds are doing similarly.
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