PPFAS Mutual Fund Launches Parag Parikh Large Cap Fund: NFO Closes Jan 30

• PPFAS Mutual Fund introduces its seventh scheme, the Parag Parikh Large Cap Fund, an open-ended equity scheme focusing on large-cap stocks.
• The New Fund Offer (NFO) for the scheme will conclude on January 30, with continuous sale and repurchase reopening on February 6.
• The fund aims to provide cost-efficient, broad-based exposure to large-cap equities, using the Nifty 100 Total Return Index (TRI) as its benchmark.
• It emphasizes managing trading and market impact costs, maintaining a low active share, and offers a minimum investment of ₹1,000 with no entry or exit load.
• Managed by a team including Rajeev Thakkar and Rukun Tarachandani, the fund will employ strategies like using index futures and merger arbitrage to achieve cost-efficient exposure.

Why It Matters: PPFAS Mutual Fund launches a new large-cap equity fund offering cost-efficient, benchmark-aligned exposure.