PPFAS Mutual Fund: An Overview of Products, Forms, Support

Q: How long does PPFAS Mutual Fund redemption take?

For Equity Mutual fund, you'll get your funds T+3 working days . (e.g. If you redeem unit Monday, fund credited in your account Thursday.) For Liquid fund, you'll get your funds T+1 working days. (e.g. If you redeem unit Monday, fund credited in your account Tuesday.)

You are an investor in the PPFAS Mutual Fund, and there are you may have any queries regarding your portfolio. This article aims to assist you with resolving your question.

Contents

About Company PPFAS Mutual Fund – Key Information Fund Manager Rajeev Thakkar Raj Mehta PPFAS Mutual Fund SIP Performance PPFAS Mutual Fund Service How to Cancel PPFAS SIP?PPFAS Mutual Fund Redemption How I change nominee for PPFAS Mutual Fund?Transmission of Units How to Update Email ID and Mobile number of PPFAS Mutual Fund Steps to update the Email ID and Mobile number are as follows:FAQs How long does PPFAS Mutual Fund redemption take?How do I check my PPFAS Mutual Fund redemption status?Can I withdraw profit from PPFAS Fund?What is PPFAS Asset Mutual Fund Interest Rate?

About Company

In 1983, Parag Parikh Securities Ltd. changed its name to Parag Parikh Financial Advisory Services Limited. It was listed as an equities brokerage business with the Bombay Stock Exchange. The business was renamed Parag Parikh Financial Advisory Services Limited in 1994. (PPFAS). PPFAS Limited has more than two years of rich, varied expertise managing equity, fixed income, and mutual fund portfolios.

The mutual fund house was established in 2012, and the first scheme was launched in May 2013.

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PPFAS Mutual Fund – Key Information

Founded on	10 Oct 2012
Sponsor	Parag Parikh Financial Advisory Services Ltd.
CEO	Mr Neil Parikh
Registarar	CAMS

Fund Manager

Rajeev Thakkar

Since almost two decades, Mr. Rajeev has a connection to the PPFAS fund house. In 2007, he was appointed Chief Investment Officer (CIO). Along with managing funds for equity, he is also an associate director.

Narsee Monjee Institute of Management Studies is where Mr. Rajeev received his commerce bachelor's degree. He holds chartered accounting, cost accounting, and financial analyst designations. He also has a certificate in Treasury and Forex Management.

Raj Mehta

Since 2016, Mr. Raj has been a member of the PPFAS fund house. He presently manages the Parag Parikh Long Term Equity Fund. In 2012, he began working for the fund house as a research trainee. In 2013, he was promoted to Research Analyst.

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At the Narsee Monjee College of Commerce and Economics, Mr. Raj pursues B.com and M.com degrees. He is also a Chartered Financial Analyst and Chartered Accountant.

PPFAS Mutual Fund SIP Performance

List of PPFAS Mutual Fund best Equity Scheme:

SIP Date 1st every month – Valuation Date 1 Dec 2022

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PPFAS Mutual Fund Service

How to Cancel PPFAS SIP?

The option to cancel or stop SIP in various ways. Investors should be aware that SIP is a non-committal investment. No charges or fines can be assessed if an investor chooses to end the plan during the middle.

There are a variety of methods to end SIP on the internet.

AMC Online Platform
Offline submit Cancellation Form/letter to AMC Office or Registrar Office.
By contacting your Financial Advisor

For more details on PPFAS SIP cancellation PDF download or online process, check this article

PPFAS Mutual Fund Redemption

You can redeem PPFAS Mutual Fund units online or offline method. The redemption process can be completed anytime during the day using an easy way.

If you're already registered, log in to the PPFAS MF website.

After logging in,
Click Transact Now,
then select Redemption option
Select your folio number first
then select scheme
Select Value section
click one option All unit or Specify amount
Confirm Transaction

After completing transaction received email & sms for transaction confirmation.

PPFAS Mutual Fund Redemption Process Download pdf

How I change nominee for PPFAS Mutual Fund?

Mutual Fund nomination refers to the appointment of a person to take responsibility for your investments in the fund following your passing away.

The nominee's nomination will ensure that, after your death, your Mutual Fund holdings will be transferred to the nominee.

The preliminary information you must fill in on the form of nomination are:

Name of the nominee
Date of birth of the nominee (If minor)
Nominee’s relationship with the investor
Address of the nominee
Percentage share of each nominee (if there is more than 1 nominee), etc.

You can add up to 3 nominees in PPFAS Mutual Fund folio and specify the percentage share that each nominee will receive in the event of your death.

If you don't specify the percentage of your share, the Mutual Fund units will be equally distributed to all nominees named on the nomination form.

Transmission of Units

Transfer of Units is a method by which units owned by the unitholder who died are handed over to the nominee or the legal descendants or legal heirs of the unitholder who died, as the situation requires.

Transmission Request Form for Transmission of Units in favour of the Nominee(s).
Death Certificate of the deceased unitholder(s) in original OR photocopy duly attested by a Notary Public or a Gazetted Officer.
Copy of Birth Certificate, in case the Nominee is a minor.
Copy of PAN Card of the Nominee(s) / Guardian (in case the Nominee is a minor)
KYC Acknowledgment OR KYC Form of the Nominee(s) / Guardian (where Nominee is a Minor)
The Cancelled cheque with the Nominee’s name pre-printed OR Copy of the Nominee’s recent Bank Statement/Passbook (which cannot be more than 3 months old).

How to Update Email ID and Mobile number of PPFAS Mutual Fund

It is possible to change your mobile number & Email ID on PPFAS Mutual Fund online and also offline.

Login to your folio account online & “My Profile” section. User is given the option of changing the mobile no & email id.

Note: User will receive OTPs for both their email & mobile. Without OTP you can't update.

Steps to update the Email ID and Mobile number are as follows:

Login to your PPFAS MF Account
On the extreme top right of the menu bar, click on “My Profile” under your name
Under the Folio Details (2^nd Tab), the user has the option to change the phone number, and email id.

Note: User will get OTPs on their both the email id’s.

FAQs

For Equity Mutual fund, you'll get your funds T+3 working days. (e.g. If you redeem unit Monday, fund credited in your account Thursday.)

For Liquid fund, you'll get your funds T+1 working days. (e.g. If you redeem unit Monday, fund credited in your account Tuesday.)

When you complete redemption process, you received transaction confirmation message. Means your transaction is accepted. If any problem in your transaction you received sms & mail related issue.

You can withdraw your profit from a PPFAS Mutual Fund scheme. If you invested in ELSS then check lock-in period completed or not.

check this article – ELSS Fund Redemption Process

PPFAS Mutual Fund does not pay any interest. PPFAS Mutual Fund is not provide a fixed income product. Mutual Fund returns vary 5% to 20% over a 3-7 year period, depending on market conditions.