Latest news with #PPFASMutualFund


Economic Times
22-07-2025
- Business
- Economic Times
Can PPFAS Flexi Cap Fund handle Rs 1 lakh crore money? CEO Neil Parikh explains
PPFAS Mutual Fund addresses concerns about managing a large AUM, emphasizing that stock limits apply at the fund level, not the scheme level. One should always look at the fund-level Assets Under Management (AUM) and not the scheme-level AUM, as individual stock limits are applicable at the fund level, not at the scheme level, said Neil Parikh, Chairman and CEO of PPFAS Mutual Fund, while responding to questions on how the fund will handle a large AUM and whether they can continue delivering the same kind of CEO posted on social media platform X that, 'How will they handle such a large AUM? Look at fund level AUM and not scheme level AUM as individual stock limits are at fund level, not scheme. So the best stock idea can have good allocation in one scheme instead of allocating the same idea in multiple schemes- basically dilute your best idea with multiple equity schemes. Our overall equity AUM is still less than 5% market share of total MF equity AUM. So this is not a concern. What will change is that there will be a longer tail of small cap stocks so the number of stocks may increase over time. Can they continue delivering the same kind of returns with all this new money? - Only time will tell' How will they handle such a large AUM? - look at fund level AUM and not scheme level AUM as individual stock limits are at fund level, not scheme. So the best stock idea can have good allocation in one scheme instead of allocating the same idea in multiple schemes- basically… — NEIL PARIKH (@npparikh6) July 21, 2025 Also Read | MF Tracker: Will Invesco India PSU Equity Fund shine again after topping 3-year charts? Neil believes that the fund house's best stock ideas can be given adequate allocation in a single scheme, rather than spreading the same idea across multiple schemes—essentially diluting it with several equity fund house also pointed out that its overall equity AUM remains under 5% of the total equity AUM of the mutual fund industry, indicating there is still significant room to grow and that this is not a CEO added that what will change is the inclusion of more small-cap stocks, leading to a higher number of holdings over time. As for whether the fund house can continue to deliver the same level of returns with this new influx of money, the response was: only time will tell. This post by Neil Parikh came in response to a concern raised by an investor who has been investing in the PPFAS Flexi Cap Fund for the past five to six years. In response to another query regarding SEBI's new categorisation and rationalisation norms and whether PPFAS would consider launching a second scheme in the same category, Neil said, 'We will continue with one fund… not in favor of adding more complexities.'When asked how much the US exposure helped the Flexi Cap Fund, Parikh explained that foreign exposure helps lower portfolio volatility and provides downside protection. 'Overseas portfolio returns have been similar to or slightly lower than the Indian portfolio since inception,' he added. Also Read | Mutual funds slashes cash allocation by Rs 13,000 crore in June; PPFAS and Quant MF join trend In May, the CEO informed the investors that the fund has crossed Rs 1 lakh AUM and is the first actively managed scheme to do so in India. Based on the last available portfolio (June 2025), it had an AUM of Rs 1.10 lakh crore from Rs 1.03 lakh crore in May. According to June data, PPFAS Mutual Fund had Rs 23,598 crore cash in its kitty which was 21.62% of the total AUM. The fund house had an equity AUM of Rs 93,171 crore. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)


Time of India
22-07-2025
- Business
- Time of India
Can PPFAS Flexi Cap Fund handle Rs 1 lakh crore money? CEO Neil Parikh explains
One should always look at the fund-level Assets Under Management (AUM) and not the scheme-level AUM, as individual stock limits are applicable at the fund level, not at the scheme level, said Neil Parikh , Chairman and CEO of PPFAS Mutual Fund , while responding to questions on how the fund will handle a large AUM and whether they can continue delivering the same kind of returns. The CEO posted on social media platform X that, 'How will they handle such a large AUM? Explore courses from Top Institutes in Please select course: Select a Course Category Finance Project Management Leadership Technology Design Thinking Public Policy Cybersecurity Operations Management PGDM Digital Marketing Others Management Product Management Artificial Intelligence others Data Science CXO healthcare MCA Data Analytics Healthcare Data Science MBA Degree Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Fintech & Blockchain India Starts on undefined Get Details Skills you'll gain: Duration: 9 Months IIM Calcutta SEPO - IIMC CFO India Starts on undefined Get Details Look at fund level AUM and not scheme level AUM as individual stock limits are at fund level, not scheme. So the best stock idea can have good allocation in one scheme instead of allocating the same idea in multiple schemes- basically dilute your best idea with multiple equity schemes. Our overall equity AUM is still less than 5% market share of total MF equity AUM. So this is not a concern. What will change is that there will be a longer tail of small cap stocks so the number of stocks may increase over time. Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Glīd Technologies Delivers: The World's First Autonomous Dual-Mobile Road-to-Rail Platform - TechBullion TechBullion Can they continue delivering the same kind of returns with all this new money? - Only time will tell' How will they handle such a large AUM? - look at fund level AUM and not scheme level AUM as individual stock limits are at fund level, not scheme. So the best stock idea can have good allocation in one scheme instead of allocating the same idea in multiple schemes- basically… — NEIL PARIKH (@npparikh6) July 21, 2025 Live Events Also Read | MF Tracker: Will Invesco India PSU Equity Fund shine again after topping 3-year charts? Neil believes that the fund house's best stock ideas can be given adequate allocation in a single scheme, rather than spreading the same idea across multiple schemes—essentially diluting it with several equity offerings. The fund house also pointed out that its overall equity AUM remains under 5% of the total equity AUM of the mutual fund industry, indicating there is still significant room to grow and that this is not a concern. The CEO added that what will change is the inclusion of more small-cap stocks, leading to a higher number of holdings over time. As for whether the fund house can continue to deliver the same level of returns with this new influx of money, the response was: only time will tell. This post by Neil Parikh came in response to a concern raised by an investor who has been investing in the PPFAS Flexi Cap Fund for the past five to six years. In response to another query regarding SEBI's new categorisation and rationalisation norms and whether PPFAS would consider launching a second scheme in the same category, Neil said, 'We will continue with one fund… not in favor of adding more complexities.' When asked how much the US exposure helped the Flexi Cap Fund, Parikh explained that foreign exposure helps lower portfolio volatility and provides downside protection. 'Overseas portfolio returns have been similar to or slightly lower than the Indian portfolio since inception,' he added. Also Read | Mutual funds slashes cash allocation by Rs 13,000 crore in June; PPFAS and Quant MF join trend In May, the CEO informed the investors that the fund has crossed Rs 1 lakh AUM and is the first actively managed scheme to do so in India. Based on the last available portfolio (June 2025), it had an AUM of Rs 1.10 lakh crore from Rs 1.03 lakh crore in May. According to June data, PPFAS Mutual Fund had Rs 23,598 crore cash in its kitty which was 21.62% of the total AUM. The fund house had an equity AUM of Rs 93,171 crore. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)


Time of India
14-07-2025
- Business
- Time of India
Mutual funds slashes cash allocation by Rs 13,000 crore in June; PPFAS and Quant MF join trend
Mutual funds have reduced their overall cash allocation by Rs 13,000 crore on a monthly basis to Rs 2.04 lakh crore and the cash allocation as a percentage of total AUM also went down to 5.08% in June. PPFAS Mutual Fund and Quant Mutual Fund have reduced their cash allocation in the said period. The overall cash allocation in May was recorded at Rs 2.17 lakh crore and the total cash allocation as a percentage of total AUM was 5.66% in May. The total equity AUM in June was recorded at Rs 40.19 lakh crore. Also Read | Nearly 112 lakh SIPs closed in 2025: Should you worry about the negative net SIP trend? Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » Among the 45 fund houses now, four had over Rs 20,000 cash in their portfolios in the said period. SBI Mutual Fund , the largest fund house, had the highest cash allocation in its portfolio in June of Rs 34,654 crore which was 4.68% of the total AUM. ICICI Prudential Mutual Fund had Rs 28,196 crore cash in its portfolio in June, followed by HDFC Mutual Fund which had Rs 27,012 crore cash in its portfolio. PPFAS Mutual Fund had Rs 22,778 crore cash in its portfolio which was 19.65% of the total AUM in June against 21.62% in May. Live Events PPFAS in its monthly release said that, 'We have about 21.85% in cash holdings, debt & money market instruments and arbitrage positions which can be deployed in long term investments at appropriate levels.' Also Read | Parag Parikh Flexi Cap Fund increases stake in ITC, Coal India, and 10 other stocks in June Motilal Oswal Mutual Fund and Nippon India Mutual Fund had Rs 8,994 crore and Rs 7,960 crore cash in their respective portfolios. Quant Mutual Fund had Rs 6,531 crore cash in its portfolio which was 7.25% of the total AUM in June. This allocation was 10.35% in May and the fund house had Rs 9,028 crore cash in its portfolio. Mirae Asset Mutual Fund had Rs 2,600 crore cash in its portfolio in June which was 1.61% of the total AUM. Around 21 fund houses had less than Rs 1,000 crore cash in their portfolios of which 10 had less than Rs 100 crore cash. Trust Mutual Fund and Samco Mutual Fund had Rs 90.09 crore and Rs 62.14 crore cash respectively in their portfolios. Unifi Mutual Fund which is a new entrant in the mutual fund industry had Rs 29.74 crore cash in its portfolio. Zerodha Mutual Fund and Angel One Mutual Fund had Rs 0.69 crore and Rs 0.55 crore cash respectively in their portfolios. Also Read | Mazagon Dock and CONCOR among stocks bought and sold by mutual funds in June Based on cash as a percentage of AUM, Unifi Mutual Fund had the 25.46% cash as a percentage of AUM because of a small base as the fund house is a new entrant in the mutual fund industry. PPFAS Mutual Fund had 19.65% cash as a percentage of AUM, followed by WhiteOak Capital Mutual Fund had 12.65% cash as a percentage of AUM. Fund managers are allowed to keep a part of their portfolio in cash to meet events like redemptions or make investments when they see a possible opportunity in the market.


Mint
01-06-2025
- Business
- Mint
Parag Parikh Mutual Fund's Rajeev Thakkar turns to debt: What's driving the shift in his personal portfolio?
Rajeev Thakkar, chief investment officer of PPFAS Mutual Fund (Parag Parikh Financial Advisory Services), oversees assets exceeding ₹1 trillion. Thakkar, 52, has built a solid track record over the years, with the Parag Parikh Flexicap Fund becoming the largest fund in its category. Incidentally, this is also the fund that Thakkar uses for his own equity investments. In this interaction with Mint for the 'Guru Portfolio series', Thakkar shares how he manages his personal investment portfolio and why his equity allocation has reduced. How has your personal investing and portfolio evolved over the past five years? Over the past five years, my portfolio has seen a shift, especially in the last one to two years. We've been cautious as a fund house, largely due to elevated valuations in the market, and this cautious approach has reflected in my personal investments as well. Most of my investments over the past 18–24 months have been in hybrid and arbitrage funds. Given my historically high exposure to equities and the fact that now am in my 50s, I have started rebalancing by allocating more to hybrids and arbitrage products. Also Read: What makes Mirae Asset's Swarup Mohanty paranoid about his retirement corpus Why have you taken a more cautious investment approach recently? Given that valuations are elevated, while stocks may deliver slightly better returns than bonds, I have opted for a more balanced approach. Within hybrids, I have allocated to a dynamic asset allocation fund. It also offers a long-term capital gains tax benefit: if the holding period is more than 24 months, capital gains are taxed at a flat 12.5%. What does your asset allocation look like? On debt allocation, it has increased significantly. It was 4-5% around 2020, but has now grown to around 12-13%. If I include the contingency and retirement funds, the fixed income component moves closer to 20%. Overall, there's been a clear rise in allocations toward hybrids and debt instruments. Gold has largely been in the form of jewellery. I haven't had explicit exposure to gold, but on auspicious days, some buying and some gifting happen for ceremonial reasons. The balance 80% is still in equities. Also Read: How Capitalmind's Deepak Shenoy covered shortfall in his son's education goalWhat did your portfolio look like five years ago? Can you give some context? Five years ago, debt was very limited. That period— around March to May 2020—coincided with the covid lows. Valuations were extremely attractive then, and even some of my debt allocation was tactically moved into equities. At that time, the portfolio was heavily tilted towards equities. How heavy was the equity allocation back then? It was quite high—equity allocation could have been around 95%. How has your portfolio performed? It has delivered 14% returns over the past year and 29% annualized returns over a five-year period. What is the current split between large-cap, mid-cap, and small-cap stocks in your equity portfolio? As a fund manager, I have publicly stated that valuations in the small- and mid-cap segments have generally been more elevated compared to large-cap companies. Because of this, the exposure to mid- and small-cap stocks in my equity portfolio, which is through the flexicap fund, is currently in the single digits (4%). The bulk of the fund's portfolio—60%—is invested in large-cap stocks. About 10% is in international stocks, and the balance is in cash. Also Read: Inside Edelweiss MF CEO Radhika Gupta's plan to build over ₹10-crore—and how she's investing to get there How has your international exposure changed? This allocation has been coming down over the years due to the RBI-imposed limits on mutual fund investments abroad. Recently, Parag Parikh Financial Services (PPFAS) set up a subsidiary in the Gift City, which will offer both inbound funds, as well as outbound funds for Indian residents to invest in global stocks. So, hopefully, I will be able to use that and invest some additional money internationally. What has been your approach to insurance? Now that my savings have built up adequately, there's no longer a need to continue term insurance coverage. I am in the last three years of my term cover. Even my health insurance coverage is slightly lower than the typical amount. Given this scenario, I've been building an emergency corpus—particularly for health or unexpected needs in post-retirement period—again through hybrids and arbitrage funds. How much coverage do you want to build for this post-retirement emergency fund? I have reached the basic target to meet my post-retirement lifestlyle needs. But I also need to build a post-retirement contingency fund as my personal medical cover is small in size. I have employer cover, but that would not come in handy in post-retirement period. For this emergency fund, which I am planning for health and other contingencies post-retirement, my goal is to accumulate a corpus of around ₹10 crore. How much is your family involved in investment decisions? My wife is also a finance professional working in the mutual fund industry, but is on the risk-management side. My family is very well aware of what is happening in my investment portfolio, but any investment decisions are largely left to me. My daughter, who is now 20, has also become a keen investor and manages a small portfolio of her own. Since a young age, she has been a regular at our annual general meetings with unitholders. She is an avid reader and also watches investment-related content we put out on YouTube regularly. She has already been to Berkshire Hathaway meetings multiple times, where she has had the opportunity to listen to investing greats such as Warren Buffet and Charlie Munger.


Economic Times
15-05-2025
- Business
- Economic Times
Mutual funds use inflows to stuff another Rs 17,300 crore in their cash bag
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Amid rise in equity markets and slowing equity inflows, the cash pile of mutual funds has increased by Rs 17,361 crore on a monthly basis to Rs 2.23 lakh crore in April from Rs 2.05 lakh crore in cash allocation as a % of total AUM was 5.86% in March which went up to 6.12% in April. The total equity AUM in April was recorded at Rs 36.48 lakh the 44 fund houses, seven had over Rs 10,000 cash in their portfolios. SBI Mutual Fund , the largest fund house, had the highest cash allocation in its portfolio in April of Rs 38,043 crore which was 5.47% of the total Prudential Mutual Fund had Rs 30,591 crore cash in its portfolio, followed by HDFC Mutual Fund had Rs 25,697 crore cash in its portfolio which was 6.68% of the total AUM. PPFAS Mutual Fund had Rs 24,426 crore cash in its portfolio which was 23.57% of the total AUM. Axis Mutual Fund and Motilal Oswal Mutual Fund had Rs 15,826 crore and Rs 12,683 crore cash in their respective portfolios. Quant Mutual Fund had Rs 10,862 crore in its portfolio which was 13.05% of its total AUM. The fund house in its monthly release mentioned that, 'The high cash levels in most of the schemes have been deployed in select small caps and their portfolio remains tilted towards large and mega large caps and overall liquidity of the portfolio is good.'Kotak Mutual Fund had around Rs 6,804 crore cash in its portfolio, followed by Franklin Templeton Mutual Fund which had Rs 5,876 crore cash in its portfolio. Mirae Asset Mutual Fund had around Rs 1,591 crore cash in its portfolio which was 1.06% of the total Mutual Fund had Rs 1,055 crore cash in its portfolio, followed by Mahindra Manulife Mutual Fund which had Rs 850 crore cash in its Bhattacharya of Edelweiss Mutual Fund told ET Now that the rally in the market which has happened from roughly about Jan, Feb, mid to now, broadly reflects coming out of macro uncertainty and still kind of lower than all-time highs.'We have held very little cash in our portfolios. But we think that the macro-based rally is broadly done. Going forward, it will be closely related with regards to earnings estimates coming back and forth which we think will take a couple of quarters more, broadly by the second half of fiscal year 26 when earnings start to kick in gear,' he 21 AMCs had less than Rs 1,000 crore cash in its portfolio in the said period, of which six had less than Rs 100 crore cash including two AMCs which had less than Rs 10 crore cash in their on cash as a percentage of AUM, PPFAS Mutual Fund had 23.57% cash as a percentage of AUM, followed by Motilal Oswal Mutual Fund which had 14.50% cash as a percentage of cash in Quant Mutual Fund's portfolio was 13.05% as a percentage of AUM. SBI Mutual Fund had the highest equity AUM of Rs 6.57 lakh crore in April, followed by ICICI Prudential Mutual Fund and HDFC Mutual Fund which had Rs 4.02 lakh crore and Rs 3.59 lakh crore equity AUM managers are allowed to keep a part of their portfolio in cash to meet events like redemptions or make investments when they see a possible opportunity in the is experiencing high volatility due to global cues such as geo politics and trade tariffs, slowing earnings cycles, valuations coming off from highs etc. and the valuations have cooled-off in the last few months, although still remains high, according to a release by ICICI Prudential Mutual fund house believes that strong fundamentals coupled with high valuations creates a strong case for investing in Hybrid and Multi asset allocation schemes and they prefer large-caps over mid and smallcap schemes due to reasonable valuations plus possibility of FPIs making a comeback which may result in outperformance.: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)