PPFAS MF Launches Parag Parikh Large Cap Fund Aiming for Low Costs

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AuthorKavya Nair|Published at:
PPFAS MF Launches Parag Parikh Large Cap Fund Aiming for Low Costs
Overview

PPFAS Mutual Fund has launched the Parag Parikh Large Cap Fund, an open-ended equity scheme focused on large-cap stocks. The fund aims to offer investors cost-efficient, broad-based large-cap exposure with minimal trading and impact costs. It will maintain a low active share and track the Nifty 100 TRI benchmark.

New Fund Offer Details

PPFAS Mutual Fund unveiled its seventh scheme, the Parag Parikh Large Cap Fund, on Monday. The new fund offer (NFO) opened today and will run until January 30, 2026, with the scheme reopening for transactions on February 6, 2026.

Investment Strategy and Objectives

The fund aims to provide investors with transparent, low-cost, and consistent large-cap exposure. Neil Parag Parikh, Chairman and CEO of PPFAS Mutual Fund, stated the fund's launch caters to investor demand for such offerings, with benefits passed on to end-investors through smart execution and cost efficiency. The investment strategy emphasizes minimizing trading and market impact costs, keeping the portfolio positioning close to its benchmark, the Nifty 100 Total Return Index (TRI). Fund managers may deploy strategies like using futures at discounts, arbitrage opportunities, and gradual rebalancing during index changes to enhance execution efficiency. Opportunistic active positions will be taken, but overall active share is expected to remain below 10%.

Investment Accessibility

The minimum investment during the NFO period is ₹1,000, with subsequent investments allowed in multiples of Re 1. The scheme will not charge any entry or exit loads and will be available in both direct and regular plans, offering growth and IDCW (Income Distribution cum Capital Withdrawal) options. The fund will be managed by Rajeev Thakkar, Raunak Onkar, Raj Mehta, Rukun Tarachandani, Tejas Soman, and Aishwarya Dhar.

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