PPFAS MF launches Parag Parikh Large Cap Fund; aims for cost efficiency and low active share
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PPFAS Mutual Fund on Monday announced the launch of the Parag Parikh Large Cap Fund, an open-ended equity scheme that will predominantly invest in large-cap stocks. The new fund offer (NFO) opens today and will close on January 30, 2026. The scheme will reopen for continuous sale and repurchase on February 6, 2026.
The fund will be benchmarked against the Nifty 100 Total Return Index (TRI) and is the seventh scheme launched by PPFAS Mutual Fund since its inception, PPFAS Mutual Fund said in a release today.
According to the fund house, the scheme aims to provide cost-efficient and broad-based large-cap exposure, with an execution strategy designed to minimise trading and market impact costs. The portfolio positioning will remain close to the benchmark over time, using efficient instruments while maintaining a low active share.
“The scheme seeks to provide cost efficient, broad large-cap exposure with an implementation approach designed to manage trading and impact costs, while keeping portfolio positioning close to the scheme’s benchmark over time, using the efficient instruments and maintaining a small active share,” it said.
The minimum investment amount during the NFO is ₹1,000, with investments allowed in multiples of Re 1 thereafter. The scheme will have no entry or exit load and will be available under both direct and regular plans, offering growth and income distribution cum capital withdrawal (IDCW) options.
January 2026
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“Many investors seek large-cap exposure that is transparent, low-cost and consistent. This fund has been launched to meet that need by focusing on smart execution and cost efficiency, the benefits of which will be passed on to the end investor,” said Neil Parag Parikh, Chairman and CEO, PPFAS Mutual Fund.
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.