SUBSCRIBE NEWSLETTER
  • Change Language
  • English
  • Hindi
  • Marathi
  • Gujarati
  • Punjabi
  • Tamil
  • Telugu
  • Bengali
  • NFO News PPFAS Mutual Fund launches Parag Parikh Liquid Fund

    PPFAS Mutual Fund launches Parag Parikh Liquid Fund

    This will help PPFAS investors to execute STP in PPFAS Long Term Equity Fund.
    Team Cafemutual Apr 23, 2018

    To facilitate systematic transfer plan in PPFAS MF’s flagship fund PPFAS Long Term Equity Fund, PPFAS Mutual Fund today announced the launch of a new scheme ‘Parag Parikh Liquid Fund’.

    The investment objective of the scheme is to generate reasonable return with lower risk and high liquidity through judicious investments in money market and debt instruments.

    The scheme will invest 80-100 per cent in money market instruments including cash, repo, CPs, CDs, Treasury Bills, CBLO and government securities with maturity up to 91 days. It would further allocate 0-20 per cent in debt residual maturity up to 91 days.

    Neil Parag Parikh, Chairman and CEO, PPFAS Mutual Fund said, "We have received constant feedback from our investors and partners for the need of a liquid scheme. It will enable them to transact and invest in our existing flagship equity scheme- Parag Parikh Long Term Equity Fund through STP (Systematic Transfer Plan) route”.

    The minimum initial investment in the scheme is Rs. 5000 and the minimum additional purchase would be Rs.1000. Raj Mehta would manage this fund.

     

    Have a query or a doubt?
    Need a clarification or more information on an issue?
    Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

    Click to clap
    Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.
    0 Comment
    Be the first to comment.
    Login or Sign up to post comments.
    More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

    Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.