PPFAS AMC on WebNotes

History of PPFAS (1979 to present)

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The history of PPFAS spans more than four and a half decades, from the 1979 founding of a Mumbai-based stock-broking and advisory practice by Parag Parikh at the age of twenty-five, through the 1992 incorporation of the practice as Parag Parikh Financial Advisory Services Limited , the 1996 launch of the Cognito discretionary Portfolio Management Service , the 2011 incorporation of PPFAS Asset Management Private Limited , the 2012 set-up of the mutual fund trust, the 2013 launch of the Parag Parikh Long Term Value Fund (subsequently renamed twice and now the Parag Parikh Flexi Cap Fund ), the watershed of the founder’s death in May 2015, the succession of Neil Parag Parikh as Chairman and CEO, and the subsequent expansion of the scheme range to seven active funds by February 2026. In May 2025 the flagship became the first actively managed equity scheme in India to cross Rs 1 lakh crore in AUM.

PPFAS Asset Management Private Limited

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PPFAS Asset Management Private Limited is the SEBI-registered asset management company (AMC) that operates PPFAS Mutual Fund . The AMC was incorporated on 8 August 2011 under the Companies Act, 1956 as a private limited company, predating the formal setup of PPFAS Mutual Fund (the trust) by approximately 14 months. The AMC is the operational entity that conducts day-to-day management of the seven active mutual fund schemes of PPFAS Mutual Fund, employs the investment-management and operations teams, and discharges the regulatory and disclosure obligations imposed on AMCs under the SEBI Mutual Funds Regulations 1996 .

PPFAS custodian, RTA and auditor relationships

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The third-party service provider relationships of PPFAS Mutual Fund, comprising the custodian , the Registrar and Transfer Agent (RTA) and the statutory auditor, are core elements of the operational infrastructure that allows PPFAS Asset Management Private Limited to discharge its investment management responsibilities for the seven active schemes of PPFAS Mutual Fund . The three principal service providers are Deutsche Bank AG (Mumbai branch) as custodian, Computer Age Management Services Limited (CAMS ) as the Registrar and Transfer Agent, and M.M. Nissim and Co. LLP as the statutory auditor.

PPFAS Group Structure

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The PPFAS group structure denotes the integrated set of corporate entities, operating divisions and educational platforms that together constitute the PPFAS franchise in India. The core consists of three legally distinct entities arranged in the standard three-tier Indian mutual fund framework prescribed under the SEBI Mutual Funds Regulations, 1996 : the broking and advisory firm Parag Parikh Financial Advisory Services Limited (PPFAS Ltd) as sponsor; the asset management company PPFAS Asset Management Private Limited as the SEBI-registered investment manager; and PPFAS Trustee Company Private Limited as the trustee for the mutual fund trust. The mutual fund itself, PPFAS Mutual Fund , is a Trust constituted under the Indian Trusts Act, 1882.

PPFAS Mutual Fund

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PPFAS Mutual Fund is an Indian asset management company , formally constituted as PPFAS Asset Management Private Limited (the AMC) and sponsored by Parag Parikh Financial Advisory Services Limited (PPFAS Ltd, the sponsor). The fund house is among the most distinctively positioned AMCs in India, operating a deliberately small scheme portfolio of seven active funds anchored by the Parag Parikh Flexi Cap Fund (PPFCF), a globally diversified equity scheme that combines Indian equities with a substantial allocation to international stocks (predominantly US-listed mega-cap technology and financial companies) alongside a cash and arbitrage overlay.