Guides
A growing collection of how-to guides and reference notes.
- How to download AIS and TIS for PPFAS reconciliation
Step-by-step guide to downloading the Annual Information Statement (AIS) and the Taxpayer Information Summary (TIS) from the Income Tax e-filing portal, locating PPFAS Mutual Fund entries, understanding the SFT-reported data, and the AIS feedback mechanism.
- How to download a PPFAS ELSS Section 80C tax-proof certificate
Step-by-step guide to downloading the Section 80C investment proof certificate for Parag Parikh ELSS Tax Saver Fund subscriptions through selfinvest.ppfas.com, covering FY selection, the employer-acceptable format, the relationship with the broader capital-gains statement, and the timing of issuance during the financial year.
- How to download a PPFAS capital-gains statement for ITR
Step-by-step guide to downloading the financial-year capital-gains statement for Parag Parikh PPFAS Mutual Fund holdings through selfinvest.ppfas.com, covering the Section 112A LTCG and Section 111A STCG breakdown for equity-oriented schemes, the post-Finance-Act-2023 slab-rate treatment for debt-oriented schemes, ISIN-level reporting for ITR Schedule 112A, and reconciliation with the AIS.
- How to download a PPFAS account statement
Step-by-step guide to downloading account statements for Parag Parikh PPFAS Mutual Fund holdings through selfinvest.ppfas.com, covering the three statement variants (transaction-level, holding-level, statement of account), date-range selection, PDF and Excel formats, scheme-specific versus consolidated views, and the email-delivery alternative.
- How to contact the PPFAS investor desk
Step-by-step guide to contacting the Parag Parikh PPFAS Mutual Fund investor desk for queries, service requests, and complaints, covering email, phone, ISC branch visits, the SelfInvest portal's in-app channel, and typical response timelines.
- How to compute STCG on PPFAS equity schemes
Step-by-step guide to computing Section 111A short-term capital gains on Parag Parikh PPFAS equity-oriented mutual fund redemptions, covering the FIFO framework, the post-Finance-Act-2024 20 per cent rate (up from 15 per cent before 23 July 2024), the holding-period boundary, and a worked example.
- How to compute slab-rate tax on PPFAS Liquid Fund (post Finance Act 2023)
Step-by-step guide to computing slab-rate capital-gains tax on Parag Parikh Liquid Fund and other PPFAS debt-oriented schemes for investments made on or after 1 April 2023, covering the removal of indexation, the loss of long-term-versus-short-term distinction, the FIFO computation, ITR Schedule CG entries, and a worked example.
- How to compute LTCG on PPFCF with grandfathering
Step-by-step guide to computing Section 112A long-term capital gains on Parag Parikh Flexi Cap Fund (PPFCF) redemptions, covering the grandfathered-cost provision for units acquired on or before 31 January 2018, the post-Finance-Act-2024 Rs 1.25 lakh annual exemption and 12.5 per cent rate, the FIFO unit-allocation framework, and a worked example.
- How to complete video KYC for a PPFAS investment
Step-by-step guide to completing the video KYC pathway on selfinvest.ppfas.com for investors who cannot use Aadhaar e-KYC, covering scheduling, document preparation, the live video call with a PPFAS-authorised representative, in-person verification, and account activation.
- How to cancel a PPFAS SIP
Step-by-step guide to permanently cancelling a Systematic Investment Plan (SIP) on a PPFAS Mutual Fund scheme through selfinvest.ppfas.com, covering effective-date timing, the distinction between SIP cancellation and NACH mandate cancellation, last-installment behaviour, and the choice between cancel and pause.
- How to cancel a NACH mandate at PPFAS
Step-by-step guide to cancelling a NACH e-mandate (or UPI Autopay mandate) registered against a PPFAS folio through selfinvest.ppfas.com, covering the distinction between mandate cancellation and SIP cancellation, the bank-side revocation route, impact on running SIPs, and the post-cancellation re-registration process.
- How to add or update a nominee on a PPFAS folio
Step-by-step guide to registering, updating, or removing nominees on a PPFAS Mutual Fund folio through selfinvest.ppfas.com, covering up to three nominees with percentage allocation, the SEBI opt-out declaration, minor nominee guardianship, and post-April-2023 mandatory-nomination compliance.
- How to access the PPFAS YouTube channel and video content
Step-by-step guide to finding, subscribing to, and navigating the official PPFAS Mutual Fund YouTube channel for investor-education videos, Annual Unitholders' Meet recordings, fund manager interviews, podcast appearances, and explainer content.
- How to access the Consolidated Account Statement (CAS) for PPFAS holdings
Step-by-step guide to accessing the monthly Consolidated Account Statement (CAS) that includes PPFAS Mutual Fund holdings, covering the NSDL-issued and CDSL-issued versions, email-delivery configuration, on-demand download via NSDL/CDSL portals or CAMS Online, and cross-AMC reconciliation.
- How to access archived PPFAS Annual Unitholders' Meet recordings
Step-by-step guide to finding and navigating the archived recordings of past PPFAS Annual Unitholders' Meets on the PPFAS YouTube channel, covering the chronological archive, key thematic searches, timestamp navigation, and the value of historical AUM viewing for understanding PPFAS philosophy evolution.
- Extreme Loss Margin (ELM)
Extreme Loss Margin is an additional layer of initial margin on Indian derivatives and cash equity positions, calibrated by SEBI to cover statistically extreme adverse moves beyond the standard scenario-based margin coverage.
- Exposure margin (additional margin on Indian derivatives)
Exposure margin is the second-layer initial margin levied by Indian clearing corporations on top of SPAN margin, computed as a fixed percentage of contract notional value, designed to cover residual tail risk beyond SPAN scenarios.
- Exchange-Traded Funds in India
Encyclopedic reference on Exchange-Traded Funds (ETFs) in India, the exchange-listed passive-investment vehicles that track specific indices and are traded on Indian stock exchanges (NSE, BSE) like individual stocks. Covers the SEBI regulatory framework, the operational mechanics including the AP (Authorised Participant) and creation-redemption framework, the major Indian ETFs across equity, debt, gold, and international categories, the comparison with traditional index funds, and the role of ETFs in retail and institutional Indian portfolios.
- Deutsche Bank AG, Mumbai Branch (Custodian, India)
Encyclopedic reference on Deutsche Bank AG, Mumbai Branch, in its role as a SEBI-registered custodian of securities serving Indian mutual funds, AIFs, foreign portfolio investors, and other regulated entities. Covers the custodian function in Indian financial services, Deutsche Bank's India operations history, the specific role as custodian for PPFAS Mutual Fund and other AMCs, the operational framework, and the regulatory and operational context.
- Cognito Portfolio Management Service (PPFAS)
Encyclopedic reference on Cognito, the discretionary Portfolio Management Service launched in October 1996 by Parag Parikh Financial Advisory Services Limited (PPFAS Ltd) under SEBI's Portfolio Manager regulations. Covers the historical context of one of India's earliest portfolio management services, the foundational role Cognito played in shaping the PPFAS investment philosophy that later carried into the AMC's mutual fund schemes, the operational framework, the founder-and-manager succession arc from Parag Parikh to Rajeev Thakkar in 2003, the strategic closure to new clients around the 2012-2013 AMC launch, and the continuing operation of legacy Cognito portfolios under PPFAS Ltd.
- Alternative Investment Fund (AIF) in India
Encyclopedic reference on Alternative Investment Funds (AIFs) in India, the SEBI-regulated privately-pooled investment vehicles for sophisticated and institutional investors. Covers the SEBI (Alternative Investment Funds) Regulations 2012 framework, the three-category structure (Category I venture capital and social impact, Category II private equity and debt, Category III hedge funds), the Rs 1 crore minimum-investment threshold, the tax framework, the industry's growth from 2012 onwards, and the comparison with mutual funds and Portfolio Management Services.
- ACE MF database
Encyclopedic reference on ACE MF, the institutional mutual fund research and analytics database operated by ACE Equity (part of Accord Fintech / Dion Global Solutions), serving Indian financial professionals, distributors, advisers, and AMCs with comprehensive mutual fund data, portfolio analytics, and screening tools.
- Account Aggregator (AA) framework in India
Encyclopedic reference on the Account Aggregator (AA) framework in India, the consent-based data-sharing architecture operated under RBI's NBFC-AA licensing that allows individuals to securely share their financial data across regulated financial entities (banks, mutual funds, insurance, NBFCs) with explicit consent. Covers the framework's 2016 RBI introduction, the operational mechanics, the Account Aggregator entities, the integration with the Indian financial-services ecosystem, and the implications for retail investors.
- Aadhaar
Encyclopedic reference on Aadhaar, the 12-digit unique identity number issued to Indian residents by the Unique Identification Authority of India (UIDAI) under the Aadhaar Act, 2016. Covers the enrolment framework with biometric and demographic data capture, the authentication and e-KYC API ecosystem used by SEBI-registered intermediaries (mutual funds, brokers, banks), the Section 139AA Income Tax Act PAN-Aadhaar linkage mandate, the Supreme Court Puttaswamy judgments and constitutional limits, the Digital Personal Data Protection Act 2023 framework, and the operational role of Aadhaar in Indian financial services.
- Why PPFAS launched a semi-passive Large Cap Fund
Encyclopedic reference on the rationale for the February 2026 launch of the Parag Parikh Large Cap Fund (PPLCF) by PPFAS Mutual Fund. Covers the New Fund Offer context (NFO 19 January to 30 January 2026, allotment 4 February 2026), the semi-passive construction rationale tracking the Nifty 100 Total Return Index with Smart Execution Strategies active overlay, the positioning as a lower-cost alternative to PPFCF for cost-conscious large-cap investors, the domestic-only exposure framework for capacity-constrained PPFCF investors, the cap-driven structural drivers and the scheme management team.
- Why PPFAS Does Not Run Sectoral, Thematic, Close-Ended or SIF Schemes
Encyclopedic reference on the strategic decision by PPFAS Mutual Fund not to launch sectoral funds, thematic funds, close-ended funds, fund-of-funds, exchange-traded funds, gold funds, international fund-of-funds or specialised investment funds (SIFs), explaining the stated rationale: sectoral schemes concentrate idiosyncratic risk inconsistent with diversification, thematic schemes are subject to category-rotation risk and AUM volatility, close-ended schemes constrain liquidity for retail investors and require capital lock-up, SIFs require substantial minimum-investment thresholds of Rs 10 lakh that are inconsistent with the retail-investor focus of the franchise, and the comparison with category-completion-oriented peers such as ICICI Prudential, SBI Funds, Aditya Birla Sun Life and Nippon India that operate the full product matrix.
- Value investing at PPFAS
Encyclopedic reference on value investing as practised at PPFAS Mutual Fund. Traces the doctrine from Benjamin Graham's Security Analysis and The Intelligent Investor through Warren Buffett and Charlie Munger, and explains how PPFAS applies the framework across the Parag Parikh Flexi Cap Fund and other schemes through intrinsic value estimation, margin of safety discipline, long-term ownership, and tax-aware low-turnover portfolio management. Covers foundation, application, case studies, comparison with the broader Indian mutual fund industry, and recent debates.
- Value Investing and Behavioral Finance (2009) by Parag Parikh
Encyclopedic reference on Value Investing and Behavioral Finance: Insights into Indian Stock Market Realities (2009) by Parag Parikh, published by Tata McGraw-Hill (ISBN 978-0-07-007763-8). The book is the founder of PPFAS Mutual Fund's principal application of behavioural finance to Indian equity investing and remains a foundational reference for the PPFAS investment philosophy and the value-investing community in India.
- Trail commission in mutual funds
Encyclopedic reference on trail commission paid to mutual fund distributors in India. Covers the trail-commission framework as an ongoing recurring fee paid by AMCs to distributors on the daily AUM under each distributor's ARN, the SEBI regulatory framework under Regulation 52 and the September 2018 ban on upfront commissions, the rate structure varying by scheme category, the embedding in the regular-plan TER and the direct-vs-regular plan TER differential, the AMFI ARN-validity requirement, the distributor-remuneration-disclosure framework, the operational mechanics of commission accrual and payment, and the implications for distributor business models in the contemporary direct-plan-adoption environment.
- Total Expense Ratio of Indian mutual funds
Encyclopedic reference on the Total Expense Ratio (TER) framework for Indian mutual funds under SEBI Regulation 52, including slab structure, components, the 2018 revision, B30 incentive, and the direct-plan differential.