News From Press Parag Parikh MF looks to double SIP folios in two years

Parag Parikh MF looks to double SIP folios in two years

Source: PTI/ET Apr 11, 2016

Parag Parikh Financial Advisory Services Mutual Fund (PPFAS MF) is looking to double its systematic investment plan (SIP) folios over the next two years and will shortly kick off an SIP awareness campaign.

Moreover, the fund house is looking at increasing its assets under management (AUM) from Rs 650 crore to Rs 750 crore over the next one year.

"We are currently focusing on SIP and as of now we are adding 3,087 folios under SIP on a monthly basis as on March 31, 2016 from 1,64 ..

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