Parag Parikh Large Cap Fund NFO Opens Today
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Mumbai, Jan 21: Parag Parikh Large Cap Fund, a new fund offer (NFO) by PPFAS Mutual Fund, opened on January 19 and closes on January 30; the scheme reopens on February 06. This scheme will be the seventh offering by the fund house since its inception.
The scheme seeks to provide cost efficient, broad large-cap exposure with an implementation approach designed to manage trading and impact costs, while keeping portfolio positioning close to the scheme’s benchmark over time, using the efficient instruments and maintaining a small active share.
The minimum investment shall be Rs 1,000 and in multiples of Re 1 thereafter. There won’t be any entry or exit load. Both Direct and Regular Plans will offer Growth and Income Distribution cum Capital Withdrawal Options.
Neil Parag Parikh, Chairman and CEO, PPFAS Mutual Fund said, " Many investors seek large-cap exposure that is transparent, low-cost, and consistent. This fund has been launched to meet that need by focusing on smart execution and cost efficiency, the benefits of which will be passed to the end investor.”
Rajeev Thakkar, Raunak Onkar, Raj Mehta, Rukun Tarachandani, Tejas Soman and Aishwarya Dhar will manage the scheme.
