PPFAS Mutual Fund launches Parag Parikh Tax Saver Fund

Mutual Fund
Jul 4, 2019 by Advisorkhoj Team | Mutual Fund | 2 Downloaded

NFO period: 04th July – 18th July, 2019

Highlights of the NFO:

  • Scheme type – An open-ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit

  • Investment objective – The investment objective of the scheme is to generate long-term capital appreciation through a diversified portfolio of equity and equity related instruments (80% of total assets in accordance with Equity Linked Saving Scheme, 2005 notified by Ministry of Finance). However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.

  • Product suitability – The product is suitable for investors who are seeking long term capital appreciation by investing predominantly in equity and equity related securities.

  • Minimum Application Amount – First investment is Rs. 500/- and in multiples of Rs. 500/- thereafter

  • Plan/ Options available – Regular Plan & Direct Plan having only one option viz; Growth option.

  • Fund Managers – Mr. Rajeev Thakkar, Mr. Raunak Onkar and Mr. Raj Mehta

  • Benchmark – NIFTY 500 (TRI)

  • Maturity – 3 years from the date of allotment

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)

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