SIP is best investment option for everyone: Neil Parikh
Chandigarh: “While the Systematic Investment Plan (SIP)
is the best investment option for everyone, who wants to invest money in
stocks; investing in International Stocks is just a click away with the help of
PPFAS schemes,” says Neil Parag Parikh, Chairman & CEO, PPFAS Mutual Fund.
Neil was in Chandigarh recently to address the Financial and Investment
Advisors. He said, “Chandigarh, the
wealthiest city of India has a great potential for investment in Mutual Funds. We will
continue partnering with like-minded distributors and investors.”
PPFAS Mutual
Fund, sponsored by Parag Parikh Financial Advisory Services Private Limited,
manages money using value investing principles. It has about 1.25 Lakh
investors and currently manages assets of Rs 2537 crore. Chandigarh,
Haryana and Punjab together constitute around 4 % of the Assets Under
Management as well as the Unit holder base.
Its flagship
scheme, Parag Parikh Long Term Equity Fund, is one of a handful of Indian
mutual fund schemes that invest in a basket of Indian and foreign stocks. As
per the latest fact sheet, It has generated a return of 15.8% per year for its
investors, since inception in May 2013.
Apart from
its flagship, PPFAS Mutual Fund also offers two other schemes. Parag Parikh Tax Saver (PPTSF), an
Equity Linked Savings Scheme, offering income tax benefits under section 80C,
with a statutory lock in of 3 years. Parag Parikh Liquid Fund is a scheme
focused on offering relatively safe returns, which also doubles up as a
platform to help investors initiate investments into PPLTEF through the
Systematic Transfer Plan (STP) route.
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