PPFAS Mutual Fund

PPFAS Asset Management is backed by Parag Parikh Financial Advisory Services, which was established in 1992. It started its mutual fund business in October 2012. PPFAS is known for its focus on value investing and offers a limited range of schemes across equity, debt, hybrid, and arbitrage categories.

Here’s a quick overview of the Parag Parikh AMC:

Data as of 30 September, 2026.

Before investing in company stocks, PPFAS studies the company’s profits, debt, business strengths, and share price. It does not focus on short-term market trends or frequent trading. Instead, it uses research to find investments it can hold for the long term.

The fund house follows the idea of “skin in the game”. This means people associated with the fund house invest their own money in its schemes. The AMC believes that this approach helps align its interest with those of its investors. As per the September 2026 factsheet, fund house people held a total of ₹621.41 crore in Parag Parikh Flexi Cap Fund.

The AMC also claims that it does not want to continue growing its assets when the prices are not reasonable. It can stop accepting lump-sum investments in its flagship fund when it believes share prices are too high, while continuing to accept SIP investments. This reflects their investment approach. These rules may change, so check the latest details before you invest.

As per the September 2026 factsheet, Parag Parikh Mutual Fund House offers 7 schemes across 5 broad categories. Each category serves a different purpose. Here’s how the PPFAS mutual fund schemes are classified:

PPFAS AMC has a strong focus on equity investing, with its flagship Flexi Cap Fund investing across large-cap, mid-cap, and small-cap companies. Its equity offering also includes a tax-saving fund and a large-cap fund. The other schemes cater to different needs, including hybrid and arbitrage strategies, and managing short-term cash.

Parag Parikh has a relatively focused range of schemes. You should first understand the purpose and risk level of each category rather than simply choosing the funds with the highest returns.

Mutual funds, as investment products, have several levels of checks and oversight. The AMC invests the scheme’s money according to its stated objectives. The trustee checks that the fund is managed in the interest of investors. A custodian holds the scheme’s securities and other assets separately from the AMC’s own assets. This separation helps protect the scheme’s investments if the AMC runs into financial trouble.

The Securities and Exchange Board of India (SEBI) regulates this process. However, SEBI regulation doesn’t mean that all the schemes are risk-free or that you’ll get guaranteed returns. Market movements can still cause your investment to lose value. Before investing, read the scheme details and check its riskometer, investment objective, portfolio, and exit load rules.

To help you review its past performance, here’s a table of PPFAS mutual fund schemes that have beaten their respective category averages over the past 3 and 5 years.

3-year returns vs category comparison

5-year returns vs category comparison

You must note that the past returns show how a scheme performed over a particular period. They do not tell you what it will earn in the future. Use the performance-related information as one part of your research, alongside riskometer, portfolio, and your investment goals.

Before looking for the top PPFAS mutual funds, think about your investment goal and how long you can keep your money invested. You can follow this approach:

• Start with your financial goal: Saving for a long-term goal is different from keeping money aside for an expense next year. Both need different types of schemes.
• Check how much risk you can handle: Ask yourself whether you can stay invested if the value of your investment falls in the short term. Market conditions can impact the value of your SIP investment.
• Give your investment enough time: Equity funds carry higher market risk and are generally better suited to long investment periods. The scheme should match your time horizon.

Based on the above, pick a fund category suitable for your needs. Then compare the top PPFAS mutual funds in that category to choose from. Review the fund’s holdings, benchmark, expense ratio, exit load, fund manager, and other details before investing.

You can choose to set up PPFAS SIP plans or make a lump-sum payment through Millions. Just download the Millions app from the Google Play Store or the iOS App Store, and complete your KYC. Once done:

1. Log in to the Millions app and go to the ‘MF’ section.
2. Type ‘Parag Parikh Mutual Funds’ in the search box.
3. Browse the available schemes and select the one you want to explore.
4. Check the fund’s returns, holdings, NAV, riskometer, ranking, and other details before making a decision.
5. Once ready, click ‘One-time’ for lump-sum or ‘SIP’ for regular investments.
6. Enter the amount. If you choose SIP, select the frequency and debit date.
7. Check the details and tap ‘Invest Now’.
8. Authorize the payment using the OTP, and you’re set!

The minimum investment amount depends on the scheme. On Millions, the Parag Parikh Large Cap Fund has a minimum SIP amount of ₹1,000, while the Parag Parikh Conservative Hybrid Fund has a minimum lump-sum of ₹5,000. So check the ‘Scheme Snapshot’ section at the time of investing.

To understand how your investment can grow based on your monthly contributions, you can use the SIP Calculator. The calculator uses your investment period and expected return to compute how much your money could grow. However, actual returns may differ because other factors, such as costs, are involved.

For a lower expense ratio, you can consider Direct Plans over Regular Plans. Direct Plans don’t include distributor commissions, which generally means lower overall costs.