New Delhi: PPFAS Mutual Fund, sponsored by Parag Parikh Financial Advisory Services, today widened its footprint by opening its first branch in the capital of India. The new branch is located at 903, 9th Floor, Mercantile House,15 KG Marg, New Delhi -110001.
Mr Aalok Mehta, Head – Investor Relations and Mr Mahesh Sarode, Head – Distribution, PPFAS Mutual Fund inaugurated the branch in the presence of New Delhi Staff.
Mr Neil Parag Parikh, Chairman and CEO, PPFAS Mutual Fund, said, “Opening our first branch in New Delhi is one step forward to our intention of expanding our ground presence and offer seamless services to our investors. New Delhi has always been a focussed market for us. Having a local branch in the city will help us to service our clients in NCR region.”
“We shall open more branches in other cities this year.” Mr Parikh further added.
PPFAS Mutual Fund is one of the fastest-growing fund houses in India as per a third party data. Since its inception, it offers overall three schemes. Parag Parikh Long Term Equity Fund, the flagship scheme of the fund house has the freedom to invest in India and up to 35 % in the global markets. Parag Parikh Liquid Fund enables investors to transact and invest in the existing flagship equity scheme through a systematic transfer plan (STP).
The fund house has launched its third scheme Parag Parikh Tax Saver Fund in the month of July 2019 this year. The investor in this scheme can avail Income Tax benefits up to Rs. 1.50 lakhs u/s 80C with a statutory lock-in period of 3 years.
Investors can transact and undertake various other activities using their Mobile and Web App, titled ‘PPFAS SelfInvest’.