The scheme will be managed by Rajeev Thakkar, Raunak Onkar, Raj Mehta, Rukun Tarachandani, Tejas Soman and Aishwarya Dhar.
Explaining the investment approach, Rukun Tarachandani, EVP and Fund Manager, PPFAS Mutual Fund, said the scheme may use strategies such as deploying single-stock and index futures when they trade at a discount to spot prices, merger-related arbitrage opportunities, and gradual rebalancing during index changes to improve execution efficiency. The fund may also take small opportunistic active positions around corporate actions, while keeping the overall active share below 10%.
PPFAS Mutual Fund is sponsored by Parag Parikh Financial Advisory Services Ltd., a boutique investment advisory firm incorporated in 1992 and among India’s earliest SEBI-registered portfolio management service providers. The asset management company is led by Neil Parag Parikh, following the legacy of its founder, the late Parag S. Parikh.
