PPFAS Minimum SIP and Lump-Sum Amounts per Scheme

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The PPFAS minimum SIP and lump-sum amounts per scheme denote the minimum initial subscription, minimum subsequent subscription and minimum SIP installment amounts applicable to the seven active schemes of PPFAS Mutual Fund under the AMC’s published Scheme Information Documents (SIDs) and Key Information Memoranda (KIMs) as of May 2026. The minimums are uniform across the AMC’s in-house PPFAS SelfInvest portal and through PPFAS schemes on third-party platforms such as Zerodha Coin, Groww, Kuvera, ET Money, INDmoney, Angel One and others, subject to platform-specific minimums that some platforms may impose at a higher level.

The minimum amounts are designed to support broad retail-investor participation while preserving operational efficiency. The flagship Parag Parikh Flexi Cap Fund has a notably low minimum SIP and lump-sum amount of Rs 1,000, in keeping with the AMC’s accessibility-oriented stance and its stance on not chasing AUM through high minimum-amount barriers to entry. SIP and lump-sum amounts in multiples of Rs 1 thereafter are permitted, providing flexibility to investors.

This article catalogues the published minimum amounts for each of the seven schemes and discusses the operational and regulatory framework that governs them.

Parag Parikh Flexi Cap Fund (PPFCF)

Parag Parikh Flexi Cap Fund, the AMC’s flagship scheme launched on 24 May 2013, has the following minimum amounts as of May 2026:

  • Initial lump-sum subscription: Rs 1,000 (and any amount thereafter in multiples of Rs 1).
  • Subsequent lump-sum subscription: Rs 1,000 (and any amount thereafter in multiples of Rs 1).
  • Minimum SIP installment: Rs 1,000 (monthly, quarterly).
  • SIP top-up: Available subject to scheme-specific terms.

The Rs 1,000 minimum amount is among the lower minimums in the Indian flexi-cap mutual fund category and reflects the AMC’s accessibility-oriented stance. PPFCF AUM had crossed Rs 1 lakh crore in May 2025 (per PPFCF AUM trajectory) and was Rs 1,60,952 crore as of 15 May 2026.

Note that during the period from 2 February 2022 to 17 June 2022 fresh lump-sum and SIP/STP registrations were suspended in PPFCF following the breach of the SEBI mutual fund overseas investment cap. Ongoing SIPs were not affected during the suspension. Partial resumption took effect from 17 June 2022 within the headroom available as on 1 February 2022.

Parag Parikh Liquid Fund

Parag Parikh Liquid Fund, launched on 9 May 2018, has the following minimum amounts as of May 2026:

  • Initial lump-sum subscription: Rs 5,000 (and any amount thereafter in multiples of Rs 1).
  • Subsequent lump-sum subscription: Rs 1,000 (and any amount thereafter in multiples of Rs 1).
  • Minimum SIP installment: Rs 1,000 (monthly, quarterly, weekly options).
  • Minimum redemption: Rs 1,000 or all units of the folio.

The Liquid Fund’s minimum amounts reflect its operational character as a short-term cash-management vehicle. The fund is benchmarked against the CRISIL Liquid Debt B-I Index and is co-managed by Tejas Soman (per Tejas Soman), Aishwarya Dhar (per Aishwarya Dhar) and Mansi Kariya (per Mansi Kariya).

Parag Parikh ELSS Tax Saver Fund

Parag Parikh ELSS Tax Saver Fund, launched on 4 July 2019, has the following minimum amounts as of May 2026:

  • Initial lump-sum subscription: Rs 500 (and any amount thereafter in multiples of Rs 500).
  • Subsequent lump-sum subscription: Rs 500 (and any amount thereafter in multiples of Rs 500).
  • Minimum SIP installment: Rs 500 (monthly, quarterly).
  • Three-year lock-in: Statutory lock-in of three years from the date of each subscription.

The Rs 500 minimum amount is consistent with industry conventions for ELSS mutual fund India schemes, where the standard minimum is set at Rs 500 to align with the smallest typical 80C deduction units. Subscriptions are eligible for tax deduction under Section 80C of the Income Tax Act 1961 up to Rs 1.50 lakh per financial year. The three-year lock-in is statutory.

As of April 2026 the ELSS Tax Saver Fund AUM was Rs 5,260.64 crore.

Parag Parikh Conservative Hybrid Fund

Parag Parikh Conservative Hybrid Fund, launched on 28 May 2021 following the 7 to 21 May 2021 NFO, has the following minimum amounts as of May 2026:

  • Initial lump-sum subscription: Rs 5,000 (and any amount thereafter in multiples of Rs 1).
  • Subsequent lump-sum subscription: Rs 1,000 (and any amount thereafter in multiples of Rs 1).
  • Minimum SIP installment: Rs 1,000 (monthly, quarterly).

The Conservative Hybrid Fund is a 10 to 25 per cent equity allocation hybrid scheme with the balance in debt securities. It is benchmarked against the CRISIL Hybrid 85+15 Conservative Index TRI.

Parag Parikh Arbitrage Fund

Parag Parikh Arbitrage Fund, launched on 27 October 2023 following the 23 to 27 October 2023 NFO, has the following minimum amounts as of May 2026:

  • Initial lump-sum subscription: Rs 5,000 (and any amount thereafter in multiples of Rs 1).
  • Subsequent lump-sum subscription: Rs 1,000 (and any amount thereafter in multiples of Rs 1).
  • Minimum SIP installment: Rs 1,000 (monthly, quarterly).

The Arbitrage Fund is benchmarked against the Nifty 50 Arbitrage Index TRI. As of mid-2026 the Arbitrage Fund AUM was approximately Rs 2,059 crore.

The Arbitrage Fund is taxed as an equity-oriented mutual fund for capital gains purposes since it maintains 65 per cent minimum equity exposure through arbitrage instruments. See arbitrage mutual fund India for the broader category context and PPFAS arbitrage fund taxation for taxation details.

Parag Parikh Dynamic Asset Allocation Fund (PPDAAF)

Parag Parikh Dynamic Asset Allocation Fund, launched on 22 February 2024 following the 20 to 22 February 2024 NFO, has the following minimum amounts as of May 2026:

  • Initial lump-sum subscription: Rs 5,000 (and any amount thereafter in multiples of Rs 1).
  • Subsequent lump-sum subscription: Rs 1,000 (and any amount thereafter in multiples of Rs 1).
  • Minimum SIP installment: Rs 1,000 (monthly, quarterly).

The Dynamic Asset Allocation Fund (PPDAAF) is benchmarked against the CRISIL Hybrid 50+50 Moderate Index. It is co-managed by Rajeev Thakkar, Raunak Onkar, Raj Mehta, Rukun Tarachandani and Mansi Kariya.

Parag Parikh Large Cap Fund (PPLCF)

Parag Parikh Large Cap Fund, launched on 4 February 2026 following the 19 to 30 January 2026 NFO and reopening for continuous purchase on 6 February 2026, has the following minimum amounts as of May 2026:

  • Initial lump-sum subscription: Rs 5,000 (and any amount thereafter in multiples of Rs 1) during NFO; Rs 1,000 in continuous purchase mode.
  • Subsequent lump-sum subscription: Rs 1,000 (and any amount thereafter in multiples of Rs 1).
  • Minimum SIP installment: Rs 1,000 (monthly, quarterly).

The Large Cap Fund is benchmarked against the Nifty 100 Total Return Index. It is co-managed by Rajeev Thakkar, Raunak Onkar, Raj Mehta, Rukun Tarachandani, Tejas Soman and Aishwarya Dhar. The KIM is published at https://amc.ppfas.com/pplcf/pdf/KIM_Parag_Parikh_Large_Cap_Fund.pdf.

SIP frequencies

PPFAS Mutual Fund supports the following SIP frequencies across the seven schemes:

  • Daily: Available for select schemes through some platforms.
  • Weekly: Available for select schemes.
  • Monthly: Standard frequency available across all schemes.
  • Quarterly: Available across all schemes.
  • Half-yearly and yearly: Available for select schemes through some platforms.

The monthly frequency is by far the most popular among PPFAS unitholders, consistent with the broader Indian mutual fund industry’s SIP practice.

STP and SWP minimums

In addition to lump-sum and SIP minimums, PPFAS schemes support STP (Systematic Transfer Plan) and SWP (Systematic Withdrawal Plan) facilities with their own minimums:

  • Minimum STP installment: Rs 1,000 per installment (subject to source-scheme minimum balance).
  • Minimum SWP installment: Rs 1,000 per installment (subject to source-scheme minimum balance).

STP and SWP facilities can be operated through the PPFAS SelfInvest portal and through third-party platforms.

Operational framework

Multiples of Rs 1

For all schemes except the ELSS, subsequent contributions can be in multiples of Rs 1 above the minimum amount. The ELSS scheme uses Rs 500 multiples consistent with industry convention.

Registered bank account

All SIP installments are auto-debited from the investor’s registered bank account through OTM (One Time Mandate) or eNACH instructions. Modification of the bank account requires a separate request with prescribed TAT (per PPFAS service standards and TAT).

KYC and PAN

All subscriptions require completed KYC including PAN and Aadhaar linkage. Details are in PPFAS folio number and KYC requirements.

Folio numbers

Subscriptions are credited to CAMS-issued folio numbers. Multiple SIP and lump-sum entries by the same investor in the same scheme are typically consolidated into a single folio. Details are in PPFAS folio number and KYC requirements.

Subscriptions are allotted at the NAV applicable per the SEBI NAV applicability rule 2021, which requires the funds to be realised by the AMC before NAV applicability. Details by scheme type are in PPFAS NAV publication and cut-off.

Service standards

The TAT for subscription, redemption, switch, SIP modification, bank-account change and nomination operations is defined in PPFAS service standards and TAT.

Comparison with industry minimums

The PPFAS minimum amounts compare with industry conventions as follows:

  • PPFCF Rs 1,000: Lower than the typical Rs 5,000 minimum for flagship flexi-cap schemes at many large AMCs; comparable to or lower than minimums at other accessibility-oriented AMCs.
  • ELSS Rs 500: Standard industry minimum for ELSS schemes.
  • Liquid, Hybrid, Arbitrage, DAAF, Large Cap Rs 5,000 initial: Standard industry minimum.
  • SIP Rs 1,000 for most schemes: Higher than the Rs 500 minimum SIPs at some AMCs; the PPFCF SIP minimum was historically Rs 1,000.

The minimums reflect the AMC’s balance between accessibility and operational efficiency.

Recent developments

The 2025-26 cycle has seen continued operation of the minimum-amount framework:

  • January-February 2026: The Parag Parikh Large Cap Fund NFO operated with Rs 5,000 minimum subscription consistent with industry practice; the continuous-purchase regime from 6 February 2026 reduced the subsequent subscription minimum to Rs 1,000.
  • May 2026: PPFCF reached Rs 1,60,952 crore in AUM with the Rs 1,000 minimum continuing to support broad retail-investor participation.
  • Throughout 2026: Continued operation of monthly SIPs with the Rs 1,000 minimum across all schemes (Rs 500 for ELSS).

See also

External references

References

  1. PPFAS Asset Management Pvt Ltd. Scheme Information Documents (SIDs) and Key Information Memoranda (KIMs) for the seven active schemes.
  2. PPFAS Asset Management Pvt Ltd. “Schemes.” https://amc.ppfas.com/schemes/
  3. PPFAS Asset Management Pvt Ltd. “Parag Parikh Large Cap Fund KIM.” https://amc.ppfas.com/pplcf/pdf/KIM_Parag_Parikh_Large_Cap_Fund.pdf
  4. AMFI Member page for PPFAS. https://www.amfiindia.com/member/64

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