PPFAS Mutual Fund and MTD-NGO Donate 5 nos. Dialysis Machines to Indira Gandhi Hospital aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.
Budget 2023 made the new income tax regime the default regime. Since this regime doesn’t give Section 80C benefits, ELSS, or tax-saving mutual funds, have lost their tax-benefit edge. Aside from taxpayers who would still opt for the old tax regime, it remains to be seen if ELSS funds can sell themselves purely on performance.
Parag Parikh Dynamic Asset Allocation Fund (DAAF) is the sixth scheme by PPFAS Mutual Fund. The new fund offer (NFO) will be available for subscription from February 20, 2024, to February 22, 2024.
The objective of the scheme is to generate income/long-term capital appreciation by investing in equity, equity derivatives, and fixed-income instruments. The allocation between equity instruments and fixed income will be managed dynamically to provide investors with long-term capital appreciation while managing downside risk.
Neil Parag Parikh, Chairman & CEO of PPFAS MF, advises investors to temper their expectations due to the unpredictable nature of equity markets. He highlights the popularity of SIPs among Indian investors and downplays the impact of elections on investment decisions. Parikh also discusses the attractiveness of overseas investments and warns of froth in the small and midcap space.
NFO: PPFAS Mutual Fund launches Parag Parikh Dynamic Asset Allocation Fund – Check details financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Equity-linked tax savings schemes, the only pure equity investment in the Section 80C basket of eligible tax saving instruments, got net inflows of just Rs 3773 crore last year, the third least flows among 11 equity fund categories. The 3-year lock-in was the impediment.
Speaking about the launch of the Instant Access Facility, Neil Parag Parikh, Chairman and CEO of PPFAS Asset Management, said, "At PPFAS AMC, we are committed to providing our investors with the best possible investment experience. The Instant Access Facility is a step in that direction, providing investors greater flexibility and convenience in managing their investments. Currently, the IAF shall be available on the PPFAS SelfInvest Website. Subsequently, the AMC may offer the same through other electronic/digital platforms."
At its annual unitholders’ meet, the management team of the Warren Buffet-inspired PPFAS Mutual Fund answered questions on valuations, its stock picks, high cash holding, and its IPO plans.
PPFAS Asset Management Private Limited (Investment Manager to PPFAS Mutual Fund) is led by Neil Parag Parikh, the Chairman and CEO, since May 2015. Before that, it was led by the Founder, (Late) Parag S. Parikh.