Nifty 500 TRI on WebNotes

Parag Parikh ELSS Tax Saver Fund

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

The Parag Parikh ELSS Tax Saver Fund is an open-ended equity-linked savings scheme of PPFAS Mutual Fund , launched on 4 July 2019 by PPFAS Asset Management Private Limited as the third open-ended scheme in the AMC’s product line, after the flagship Parag Parikh Flexi Cap Fund (24 May 2013) and the Parag Parikh Liquid Fund (9 May 2018). It was originally launched as the Parag Parikh Tax Saver Fund and subsequently renamed to Parag Parikh ELSS Tax Saver Fund to align with the AMFI and SEBI directive that all equity-linked savings schemes carry the standardised “ELSS” prefix in scheme nomenclature. The scheme is benchmarked to the Nifty 500 Total Return Index (Nifty 500 TRI ).

Parag Parikh Flexi Cap Fund

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

The Parag Parikh Flexi Cap Fund (commonly PPFCF) is the flagship equity mutual fund scheme of PPFAS Mutual Fund , formally an open-ended equity-oriented mutual fund scheme of the Flexi Cap category under the SEBI Mutual Funds Regulations 1996 framework. PPFCF was launched on 24 May 2013 by PPFAS Asset Management Private Limited and has been continuously managed by Rajeev Thakkar (Chief Investment Officer of PPFAS Mutual Fund) since its launch, with Raunak Onkar (Head of Research) and Raj Mehta (debt and overseas allocation) as co-fund managers.

PPFAS Scheme Benchmark Registry

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

The PPFAS scheme benchmark registry is a consolidated reference for the benchmark indices used by each open-ended scheme of PPFAS Mutual Fund . As of May 2026, the AMC operates seven open-ended schemes spanning equity (flexi-cap, ELSS, large-cap), debt (liquid), hybrid (conservative, dynamic asset allocation), and arbitrage categories. Each scheme is benchmarked to a SEBI-approved Total Return Index (TRI), in accordance with the SEBI Mutual Funds Regulations 1996 and the SEBI two-tier benchmark structure circular dated 27 October 2021 (effective 1 January 2022).

PPFCF benchmark mismatch debate (vs Nifty 500 TRI)

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

The PPFCF benchmark-mismatch debate concerns whether the Nifty 500 Total Return Index (TRI) is an appropriate benchmark for the Parag Parikh Flexi Cap Fund given the fund’s structural international-equity allocation. The Nifty 500 TRI is a domestic-Indian-equity-only benchmark that does not include any international constituent, while PPFCF allocates substantially to overseas equity (up to 35 per cent of corpus per mandate, currently 11 to 16 per cent following the post-2022 SEBI overseas-cap incident ). The structural mismatch between the benchmark composition and the fund composition has been the subject of ongoing industry and investor-community debate.