Investor Reference on WebNotes

PPFAS Direct vs Regular Plan

Sat, 16 May 2026 00:00:00 +0000

The PPFAS Direct Plan and Regular Plan are the two parallel plan variants offered by PPFAS Mutual Fund for each of its seven open-ended schemes under the SEBI Mutual Funds Regulations, 1996 framework introduced industry-wide on 1 January 2013. The two plans are economically identical at the unit-holder level on every dimension except the total expense ratio (TER), which is materially lower in the Direct Plan because the Direct Plan does not pay a trail commission to any AMFI ARN distributor. The TER differential between the two plans of Parag Parikh Flexi Cap Fund (PPFCF) , the flagship equity scheme, is approximately 69 basis points as of the latest factsheet, with the Direct Plan TER at around 0.63 per cent and the Regular Plan TER at around 1.32 per cent per annum.

PPFAS Exit Load Structure

Sat, 16 May 2026 00:00:00 +0000

The exit-load structure of PPFAS Mutual Fund denotes the per-scheme schedule of redemption charges applied to unit-holders who redeem or switch units before completing the prescribed minimum holding period for the source scheme. Exit loads in Indian mutual funds are governed by SEBI Mutual Funds Regulations, 1996 Regulation 51A, which caps exit loads at 5 per cent of the redemption amount and requires that the load proceeds be credited back to the scheme corpus rather than being retained as AMC income.

PPFAS TER History per Scheme

Sat, 16 May 2026 00:00:00 +0000

The TER history per scheme of PPFAS Mutual Fund denotes the time series of total expense ratio (TER) values reported by each of the seven active schemes managed by PPFAS Asset Management Private Limited , broken down by Direct Plan and Regular Plan, from the launch date of each scheme through to May 2026. The TER is the headline annual cost charged to the unit-holders of an open-ended mutual fund scheme and includes the AMC’s investment management fee, the trustee fee, the custodian and registrar fees, and (in the Regular Plan only) the distributor trail commission . It is capped industry-wide by SEBI Regulation 52 under the SEBI Mutual Funds Regulations, 1996 , which prescribes maximum TER values on an AUM-slab basis.