PPFAS Schemes on Third-Party Platforms

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PPFAS Mutual Fund schemes on third-party platforms refers to the availability of PPFAS Mutual Fund’s seven active schemes for purchase, redemption and SIP registration through Indian fintech distribution platforms operated by entities other than the AMC itself. The principal third-party platforms hosting PPFAS schemes include Zerodha Coin (per Zerodha), Groww, Kuvera, ET Money, Paytm Money, Upstox, INDmoney, Angel One, 5Paisa and mStock among others. The same schemes are also available through the AMC’s in-house PPFAS SelfInvest portal and through industry utilities including the Mutual Fund Utility, CAMS Online and MF Central.

The third-party platform distribution of PPFAS schemes is operationally important because it provides a significant fraction of the AMC’s retail-investor inflows. The platforms typically offer direct-plan access, which corresponds to the lower-expense-ratio class of units that does not include distributor commissions and is consistent with the broader direct plan adoption in India phenomenon.

This article catalogues the principal third-party platforms hosting PPFAS schemes, the transaction mechanics, the relationship to the AMC’s in-house distribution and the broader industry-utility ecosystem.

Platforms

Zerodha Coin

Zerodha Coin (operated by Zerodha Broking Limited) is among the largest direct-plan-only mutual fund distribution platforms in India. Coin provides access to direct plans of all SEBI-registered Indian mutual fund schemes including the seven PPFAS schemes. Users transacting through Coin hold their units in demat form linked to a Zerodha trading and demat account. Coin is free for users (no platform fee) and provides SIP registration, lump-sum purchase, redemption and switch facilities.

Groww

Groww (operated by Nextbillion Technology Private Limited) is one of the largest Indian mutual fund distribution platforms by AUM. Groww provides direct-plan access to PPFAS schemes alongside stock broking, US stock investing and other services. Groww has a user-friendly mobile-first interface that has been particularly successful in onboarding new retail investors.

Kuvera

Kuvera (operated by Arevuk Advisory Services Private Limited) is a direct-plan-only mutual fund advisory and distribution platform. Kuvera provides goal-based investing tools, portfolio review and direct-plan SIP/lump-sum facilities for PPFAS schemes alongside other AMC schemes.

ET Money

ET Money (operated by Times Internet Limited) is a mutual fund distribution and personal-finance platform offering PPFAS schemes alongside other AMC schemes. ET Money provides SIP registration, lump-sum, redemption and switch facilities.

Paytm Money

Paytm Money (operated by Paytm Money Limited, a SEBI-registered stock broker and AMFI-registered mutual fund distributor) provides direct-plan access to PPFAS schemes. Paytm Money is integrated with the broader Paytm ecosystem for funding and KYC.

Upstox

Upstox (operated by RKSV Securities India Private Limited) provides direct-plan mutual fund access including PPFAS schemes alongside stock broking and derivatives.

INDmoney

INDmoney (operated by IND Money Private Limited) provides direct-plan mutual fund access alongside US stock investing, portfolio analytics and personal-finance tools. INDmoney has notably published PPFCF portfolio commentary including the analysis of the AMC’s April 2026 portfolio update.

Angel One

Angel One (operated by Angel One Limited) provides direct-plan mutual fund access alongside stock broking, derivatives and other capital-markets services.

5Paisa

5Paisa provides direct-plan mutual fund access alongside stock broking and derivatives.

mStock

mStock (operated by Mirae Asset Capital Markets India Pvt Ltd, the broking arm of Mirae Asset) provides direct-plan mutual fund access alongside stock broking.

Other platforms

Additional platforms hosting PPFAS schemes include smaller and emerging fintech distribution platforms, RIA platforms, AMFI-registered distributor portals and the smallcase MF basket platform.

Direct plan availability

All seven active PPFAS schemes are available in direct-plan form on the principal third-party platforms:

Regular-plan units (intermediated by distributors) are also available through some platforms but the direct-plan economics are typically more favourable to retail investors who do not require distributor advice. See regular vs direct plan mutual fund.

Transaction mechanics

Transaction mechanics on third-party platforms broadly follow industry-standard patterns:

Purchase

Lump-sum purchases on third-party platforms are submitted before the SEBI-defined cut-off times (see PPFAS NAV publication and cut-off for cut-off times by scheme type) and are allotted at the same-day NAV (subject to the SEBI NAV applicability rule 2021 requiring funds to be realised by the AMC before NAV applicability). Platforms typically support IMPS and UPI funding alongside NEFT and debit card payments.

SIP registration

Systematic Investment Plans (SIPs) on third-party platforms are registered through OTM (One Time Mandate) or eNACH bank mandates. The mandate authorises periodic auto-debits from the investor’s registered bank account. Modification or cancellation of SIPs is supported through the same platforms.

Redemption and switch

Redemption and switch requests are processed through the platforms and forwarded to the AMC’s RTA (CAMS) for execution. Proceeds are typically credited to the investor’s registered bank account within the AMC’s TAT (see PPFAS service standards and TAT).

KYC

All transactions require completion of KYC compliance, typically through CAMS KRA, NSDL or CVL KRA. KYC documentation typically includes PAN, Aadhaar, address proof and a video-KYC or in-person verification. The detailed treatment is in PPFAS folio number and KYC requirements.

Folio numbers

Transactions on third-party platforms typically create or operate on CAMS-issued folio numbers. The same folio can be used across multiple platforms, since CAMS is the common RTA for PPFAS Mutual Fund.

Relationship to in-house PPFAS SelfInvest

The AMC’s in-house direct-plan distribution operates through PPFAS SelfInvest at selfinvest.ppfas.com. SelfInvest is available as a web application and as iOS and Android mobile apps, with the PPFAS CashFlex companion app launched on 21 June 2024 for liquid and arbitrage scheme transactions.

The relationship between SelfInvest and third-party platforms is one of co-existence rather than competition. SelfInvest provides direct in-house access; third-party platforms provide multi-AMC distribution through unified accounts. Both routes provide direct-plan access to the same underlying scheme units. Investors typically choose between SelfInvest and third-party platforms based on:

  • Whether they hold investments across multiple AMCs (favouring multi-AMC platforms).
  • Whether they have existing trading or demat accounts at brokers that provide mutual fund distribution (favouring those brokers’ platforms).
  • Whether they value the additional features of multi-AMC platforms (consolidated portfolio views, goal-based investing tools, tax-loss harvesting analytics).
  • Whether they prefer the AMC’s own platform for direct relationship management.

Industry utilities

Investors may also access PPFAS schemes through industry utilities that operate independently of both the AMC and third-party fintech distribution platforms:

MFU (Mutual Fund Utility)

MFU mutual fund utility is the industry’s common-platform utility operated by MF Utilities India Private Limited (a joint venture of multiple AMCs). MFU provides a Common Account Number (CAN) facility allowing investors to transact across multiple AMCs through a single platform.

CAMS

CAMS is the AMC’s RTA and operates CAMS Online at cams.online, providing access to PPFAS scheme transactions and folio management. CAMS Online supports MyCAMS and the CAMS RTA portal.

MF Central

MF Central is a joint platform of the two principal Indian RTAs (CAMS and KFin) providing a consolidated single-pane-of-glass view of mutual fund investments. PPFAS schemes are accessible through MF Central since CAMS is the AMC’s RTA.

BSE StAR MF

BSE StAR MF is the BSE’s mutual fund transaction platform used principally by distributors and intermediaries. PPFAS schemes are available on BSE StAR MF.

Operational considerations

Minimum investments

The minimum SIP and lump-sum amounts for PPFAS schemes apply uniformly across third-party platforms. Detailed minimums are in PPFAS minimum SIP and lump-sum amounts. The PPFCF minimum is Rs 1,000 for both lump-sum and SIP.

NAV applicability rules under the SEBI NAV applicability rule 2021 are uniform across third-party platforms. NAV applicability depends on the realisation of funds by the AMC before the relevant cut-off time. See PPFAS NAV publication and cut-off for details.

Service standards

The AMC’s service standards and TAT (per PPFAS service standards and TAT) apply uniformly to transactions submitted through third-party platforms, since the underlying operations are processed by the AMC and its RTA CAMS irrespective of submission platform.

Customer service

The AMC’s customer-service and grievance-redressal channels (per PPFAS customer service and grievance redressal) are available to investors transacting through third-party platforms. The toll-free number 1800 266 7790 and email mf@ppfas.com are accessible to all PPFAS unitholders regardless of transaction route.

Recent developments

The 2025-26 cycle has seen continued evolution of third-party platform distribution:

See also

External references

References

  1. PPFAS Asset Management Pvt Ltd. “Investor Desk.” https://amc.ppfas.com/investor-desk/
  2. PPFAS Asset Management Pvt Ltd. “SelfInvest.” https://amc.ppfas.com/investor-desk/ppfas-selfinvest/
  3. AMFI Member page for PPFAS. https://www.amfiindia.com/member/64
  4. Upstox PPFAS funds: https://upstox.com/mutual-funds/explore/ppfas-funds/
  5. INDmoney PPFAS Flexi Cap April 2026 portfolio update: https://www.indmoney.com/blog/mutual-funds/ppfas-flexi-cap-april-2026-portfolio-update

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WebNotes Editorial Team

The WebNotes Editorial Team covers Indian capital markets, payments infrastructure and retail investor procedures. Every article is fact-checked against primary sources, principally SEBI circulars and master directions, NPCI specifications and the official support documentation published by the intermediary in question. Drafts go through a second-pair-of-eyes review and a separate compliance read before publication, and revisions are tracked against the SEBI and NPCI rule changes referenced in the methodology section.

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