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Top PPFAS Mutual Funds - SIP Schemes, Performance, Returns 2025

PPFAS Asset Management Private Limited (PPFAS AMC) is the investment manager behind Parag Parikh Mutual Funds, promoted by Parag Parikh Financial Advisory Services. As of mid-2025, its Equity Oriented Schemes carry an AUM of over ₹3,13,766 lakh (i.e. ~₹1,31,377 crs) across growth and ELSS strategies. The AMC runs 6 schemes covering categories like Flexi Cap, Liquid, ELSS, Hybrid, and Arbitrage. Its flagship Parag Parikh Flexi Cap Fund recently surpassed ₹1 lakh cr AUM, becoming India’s largest flexi-cap fund.

Top PPFAS Mutual Funds in 2025

Top PPFAS Mutual Funds in India (2025)

Here's the list of top Parag Parikh mutual funds across equity, debt, hybrid funds offered by PPFAS Asset Management Pvt. Ltd.

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Showing 1 - 6 of 6 results

last updated at 8:00 AM IST 
NameMFs (6)Sub CategorySub CategoryPlanPlanAUMAUMAMCAMCNAVNAVAbsolute Returns - 3MAbsolute Ret. - 3MAbsolute Returns - 1YAbsolute Ret. - 1YCAGR 3YCAGR 3YExpense RatioExpense RatioExit LoadExit LoadVolatilityVolatilitySharpe RatioSharpe Ratio
1.Parag Parikh Flexi Cap Fund
Parag Parikh Flexi Cap Fund
Flexi Cap Fund
Flexi Cap Fund
Growth
Growth
1,25,799.63
1,25,799.63
PPFAS Asset Management Pvt. Ltd.
PPFAS Asset Management Pvt. Ltd.
3.09
3.09
7.91
7.91
21.72
21.72
0.63
0.63
2.00
2.00
8.88
8.88
0.46
0.46
2.Parag Parikh ELSS Tax Saver Fund
Parag Parikh ELSS Tax Saver Fund
Equity Linked Savings Scheme (ELSS)
Equity Linked Savings Scheme (ELSS)
Growth
Growth
5,790.91
5,790.91
PPFAS Asset Management Pvt. Ltd.
PPFAS Asset Management Pvt. Ltd.
1.52
1.52
5.34
5.34
17.56
17.56
0.62
0.62
-
-
10.97
10.97
0.13
0.13
3.Parag Parikh Liquid Fund
Parag Parikh Liquid Fund
Liquid Fund
Liquid Fund
Growth
Growth
5,075.30
5,075.30
PPFAS Asset Management Pvt. Ltd.
PPFAS Asset Management Pvt. Ltd.
1.42
1.42
6.41
6.41
6.71
6.71
0.10
0.10
0.01
0.01
0.08
0.08
1.66
1.66
4.Parag Parikh Conservative Hybrid Fund
Parag Parikh Conservative Hybrid Fund
Conservative Hybrid Fund
Conservative Hybrid Fund
Growth
Growth
3,167.68
3,167.68
PPFAS Asset Management Pvt. Ltd.
PPFAS Asset Management Pvt. Ltd.
2.54
2.54
7.80
7.80
11.53
11.53
0.34
0.34
1.00
1.00
2.16
2.16
1.63
1.63
5.Parag Parikh Dynamic Asset Allocation Fund
Parag Parikh Dynamic Asset Allocation Fund
Dynamic Asset Allocation Fund
Dynamic Asset Allocation Fund
Growth
Growth
2,681.43
2,681.43
PPFAS Asset Management Pvt. Ltd.
PPFAS Asset Management Pvt. Ltd.
1.28
1.28
5.62
5.62
-
-
0.33
0.33
1.00
1.00
2.35
2.35
0.62
0.62
6.Parag Parikh Arbitrage Fund
Parag Parikh Arbitrage Fund
Arbitrage Fund
Arbitrage Fund
Growth
Growth
1,930.24
1,930.24
PPFAS Asset Management Pvt. Ltd.
PPFAS Asset Management Pvt. Ltd.
1.49
1.49
6.52
6.52
-
-
0.30
0.30
0.25
0.25
0.78
0.78
2.90
2.90

Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Mutual Fund Screener and is subject to real-time updates.

Selection criteria: AMC: PPFAS Asset Management Private Limited | AUM: Sorted from Highest to Lowest ​

What are PPFAS Mutual Funds?

Parag Parikh Mutual Fund, managed by PPFAS Asset Management Private Limited, offers professionally managed investment schemes that pool money from investors to invest across equity, debt, and hybrid assets. Known for its long-term, value-driven philosophy, the fund house follows a disciplined approach focused on quality businesses, reasonable valuations, and global diversification. PPFAS Mutual Fund aims to create sustainable wealth by aligning investors’ interests with prudent portfolio management and a transparent, investor-first strategy.

Key Information About PPFAS Asset Management Private Limited

Here are the key details about PPFAS Asset Management Private Limited-

Category Details
AMC Name PPFAS Asset Management Private Limited (PPFAS AMC)
Setup / Incorporation Date Setup: 10 October 2012; Incorporated: 08 August 2011
Sponsor Parag Parikh Financial Advisory Services Pvt. Ltd.
Number of Schemes 6 schemes
AUM / Assets Under Management ~ ₹1,36,756.73 crs (as per recent data)
CEO / Managing Director Neil Parag Parikh
CIO / Equity Head Rajeev Thakkar
Trustee Company PPFAS Trustee Company Private Limited
Headquarters / Base Mumbai, India

Types of Funds Offered by PPFAS Mutual Fund

PPFAS Equity Funds

PPFAS Asset Management Company offers two equity-oriented schemes - Parag Parikh Flexi Cap Fund and Parag Parikh ELSS Tax Saver Fund. Both follow a value-investing philosophy, focusing on fundamentally strong companies across Indian and global markets. These funds aim for long-term capital appreciation, with the ELSS variant also providing tax benefits under Section 80C.

PPFAS Hybrid Fund

The AMC offers one hybrid scheme - Parag Parikh Conservative Hybrid Fund. This fund invests in a mix of equity and high-quality debt instruments to achieve a balance between growth and capital preservation. It is suitable for investors with a moderate risk appetite seeking stable returns with controlled volatility.

PPFAS Debt / Liquid Fund

PPFAS manages one debt-oriented scheme - Parag Parikh Liquid Fund. This fund focuses on short-term money market and debt instruments with high credit quality, offering liquidity and minimal risk. It serves as an efficient parking option for surplus cash while ensuring steady short-term returns.

Overview of the Top PPFAS Mutual Fund Schemes

Parag Parikh Flexi Cap Fund

Parag Parikh Flexi Cap Fund invests across large, mid, and small-cap companies in India and abroad. It follows a value-investing approach, focusing on quality businesses with strong fundamentals and reasonable valuations, aiming for long-term wealth creation through diversification and disciplined portfolio management.

Parag Parikh ELSS Tax Saver Fund

Parag Parikh ELSS Tax Saver Fund is an equity-linked savings scheme offering tax benefits under Section 80C. It invests primarily in equities across sectors and market caps, combining long-term growth potential with a mandatory three-year lock-in period to encourage disciplined investing.

Parag Parikh Liquid Fund

Parag Parikh Liquid Fund invests in high-quality money market instruments and short-term debt securities to offer high liquidity and capital protection. It is ideal for investors seeking a low-risk, short-duration investment option for parking surplus funds while earning better returns than savings accounts.

Parag Parikh Conservative Hybrid Fund

Parag Parikh Conservative Hybrid Fund combines equity and debt instruments to balance growth and stability. It aims to generate regular income with moderate capital appreciation, making it suitable for conservative investors who prefer steady returns and lower volatility in a single diversified portfolio.

Parag Parikh Dynamic Asset Allocation Fund

Parag Parikh Dynamic Asset Allocation Fund dynamically shifts between equity and debt based on market conditions. It seeks to optimise risk-adjusted returns through active asset allocation and disciplined rebalancing, appealing to investors who want flexibility and reduced exposure to market fluctuations.

How to Invest in PPFAS Mutual Funds?

Here’s how you can identify and invest in top PPFAS Mutual Funds with Tickertape Mutual Fund Screener -

  1. Launch Tickertape Mutual Fund Screener.
  2. Add a filter “AMC” and select “PPFAS Asset Management Pvt Ltd”.
  3. Sort out the top PPFAS mutual funds based on over 50 fundamental and technical filters.
  4. After identifying the PPFAS mutual funds, that align with your investment thesis, click on “Place Order” to invest the PPFAS mutual funds.

With Tickertape Mutual Fund Screener, you can invest ‘lumpsum’ or start a ‘SIP’ in PPFAS mutual funds. Moreover, by connecting your portfolio , you can do a deep analysis of your portfolio and assess its performance.

Top PPFAS Mutual Fund Managers

Raunak Onkar

Raunak Onkar is a fund manager and Head of Research at PPFAS AMC, Raunak Onkar has been with the organisation since 2008. He plays a key role in equity research and portfolio strategy, co-managing the firm's equity. His investment philosophy centres on identifying quality businesses and maintaining conviction-led, patient investing.

Raj Mehta

Raj Mehta is an Executive Vice President and Fund Manager (Equity), Raj Mehta has grown with PPFAS since joining as an intern. With expertise in equity analysis and portfolio construction, he helps manage core equity schemes at the AMC. His disciplined approach supports the firm's long-term, fundamentals-driven investment philosophy.

Rukun Tarachandani

He’s an Executive Vice President and Fund Manager (Equity) at PPFAS AMC, Rukun Tarachandani brings extensive experience from leading institutions like Goldman Sachs and Kotak. He focuses on identifying scalable mid-cap and small-cap ideas, contributing to diversified portfolio management and bottom-up stock selection.

Risks Associated with PPFAS Mutual Funds

Concentrated Portfolio Exposure

PPFAS follows a focused investing strategy with limited stock holdings, which can amplify the impact of poor performance in a few companies.

Global Market Dependence

The Parag Parikh Flexi Cap Fund and other schemes invest internationally, making them vulnerable to foreign market downturns and geopolitical events.

Currency Fluctuation Risk

Since the AMC invests in global equities, changes in foreign exchange rates (especially USD-INR) can affect NAV and overall returns.

Value Trap Risk

The AMC’s value-investing approach may lead to longer holding periods in undervalued stocks that take time to realise potential.

Liquidity Risk in Debt Holdings

The debt portion of hybrid or dynamic allocation funds can face temporary liquidity issues during market stress or sudden rate hikes.

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Factors to Consider Before Investing in PPFAS Mutual Funds

Long-Term Investment Horizon

PPFAS schemes are built for long-term compounding; investors should be prepared to stay invested for 5+ years.

Global Allocation

Understanding Assess comfort with foreign exposure and associated currency volatility before investing in globally diversified schemes.

Low Portfolio Turnover

The AMC follows a buy-and-hold strategy, meaning portfolio changes are infrequent, suitable for patient investors.

Fund Manager Philosophy Alignment

Ensure your goals align with PPFAS's value-investing style, which may underperform during short-term momentum phases.

Limited Scheme Choice

With only six schemes, investors should ensure the available fund categories fit their financial objectives and risk profiles.

Tax Implications of Global Exposure

Returns from international holdings may be taxed differently; review cross-border taxation and double taxation rules.

Documents Required to Invest in PPFAS Mutual Fund

Here are a few documents you may require to invest in PPFAS Mutual Funds

For Individual Investors:

  1. PAN Card
  2. Aadhaar Card or other valid ID (Passport, Voter ID, or Driving License)
  3. Address Proof (Aadhaar, Passport, Utility Bill, or Bank Statement)
  4. Cancelled Cheque or Bank Statement showing IFSC and account number
  5. Two Passport-sized Photographs
  6. Signature Verification on the application or KYC form

For NRI Investors:

  1. PAN Card
  2. Valid Passport with Visa or Residence Permit
  3. Overseas Address Proof (Utility Bill or Bank Statement)
  4. NRE/NRO Bank Account Proof (Cancelled Cheque or Statement)
  5. Two Passport-sized Photographs

Note: For the latest and complete list of KYC and investment documents, please visit the official PPFAS AMC website.

Conclusion

PPFAS Mutual Fund stands out for its value-driven investment philosophy, global diversification, and transparent fund management approach. With a focus on long-term wealth creation, it caters to disciplined investors. To explore, compare, and track all PPFAS schemes with real-time data, use Tickertape’s Mutual Fund Screener for detailed insights and analysis.

Frequently Asked Questions on PPFAS Mutual Funds

  1. How to start a PPFAS mutual fund SIP online?

    Here’s how you can start a SIP in PPFAS Mutual Funds,

    1. Launch Tickertape Mutual Fund Screener.
    2. Select the PPFAS Mutual Funds that aligns with your investment goals.
    3. Click on “Place Order” and select the option “SIP”. Enter the SIP amount and confirm “OK”

    Your order will be placed.

  2. How to calculate PPFAS mutual fund returns?

    Here’s how you can calculate returns on your PPFAS mutual fund investement -
    Absolute Return = ((Current NAV - Initial NAV) / Initial NAV) * 100

    With this formula you can measure how much your investment has grown in total. Moreover, you can also use Tickertape Mutual Fund Screener to get latest data on the PPFAS mutual fund’s performance.

  3. Does PPFAS offer tax-free mutual fund schemes?

    PPFAS offers tax-saving options, particularly through its Equity Linked Savings Scheme (ELSS). While the returns are subject to long-term capital gains tax, these funds allow investors to claim tax deductions under Section 80C of the Income Tax Act.

    Disclaimer: You can check the latest information about PPFAS ELSS funds on Tickertape Mutual Fund Screener.

  4. How do I cancel/stop PPFAS mutual fund SIP?

    To cancel PPFAS mutual fund SIP, please refer to the official website.

    Disclaimer: Please do your own research or consult your financial advisor before making financial decision.

  5. How to withdraw money from PPFAS mutual funds?

    Here’s how to withdraw/redeem from PPFAS mutual fund on Tickertape Mutual Fund Screener -

    1. Step 1 - Select the PPFAS mutual fund you want to redeem
    2. Step 2 - It will automatically redirect you to smallcase app. There you’ve to login to your smallcase account using your registered email or broker login.
    3. Step 3 - Go to the “Investments” or “Portfolio” tab from the bottom navigation bar.
    4. Step 4 - Find the PPFAS mutual fund you want to withdraw under “Mutual Funds” section (or “My Investments”),
    5. Step 5 - Tap on the mutual fund name to open its details page.
    6. Step 6 - Choose the ‘Redeem’ option. It will start the withdrawal process.
    7. Step 7 - Select withdrawal type - By Amount, By Units, or Full Redemption.
    8. Step 8 - Confirm your bank account details.
    9. Step 9 - Tap on ‘Redeem’ / ‘Confirm’ to confirm redemption.

  6. What are the redemption charges of the PPFAS mutual funds?

    PPFAS mutual funds do not levy any redemption charges. However, an exit load may apply if units are redeemed within a specified period from the date of investment. You can check the latest specific scheme details for charges on Tickertape Mutual Fund Screener.

  7. Which are the top-performing PPFAS mutual funds?

    Here are the top PPFAS mutual funds based on their 5Y CAGR:

    1. Parag Parikh Flexi Cap Fund
    2. Parag Parikh ELSS Tax Saver Fund
    3. Parag Parikh Liquid Fund
    4. Parag Parikh Conservative Hybrid Fund
    5. Parag Parikh Dynamic Asset Allocation Fund

    Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.

  8. How to increase the SIP amount in PPFAS mutual funds?

    You can do it from your broker account or from PPFAS mutual fund official website.

  9. How to choose the best PPFAS mutual funds before investing?

    Here’s how to choose the best PPFAS mutual fund for investing -

    1. Assess your risk tolerance.
    2. Analyse the fund’s performance on Tickertape Mutual Fund Screener.
    3. Compare the expense ratio.
    4. Evaluate portfolio diversification across sectors, market caps, and asset classes.
    5. Understand tax implications as equity and debt funds are taxed differently.
    6. Check for exit load and lock-in period.


    Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.