PPFAS Mutual Fund With effect from Tuesday, Parag Parikh Flexi Cap Fund withdraws its temporary suspension for acceptance of transactions under the scheme. The decision to lift the temporary suspension will be modified by the regulators of RBI and SEBI due to the indefinite inviolability on foreign investment limits.
In a statement last week, PPFAS Mutual Fund said, “Investors are hereby informed that, the RBI and SEBI will revise the foreign investment limit by PPFAS Asset Management Pvt Ltd for an indefinite period of time/when and by how much.” Amid the invisibility. ‘Scheme’) with effect from March 15, 2022.”
Further, the inflows received from the effective date shall be deployed in domestic securities as per the asset allocation of the scheme and shall not amount to any fundamental feature change in the scheme.
PPFAS Mutual Fund said, “It may be noted that from the effective date mentioned above all transactions will be accepted and processed as per SEBI rules and regulations.”
Parag Parikh Flexi Cap Fund is a diversified equity scheme and its investment is not restricted by any self-imposed limits in terms of sector, market capitalization, geography etc.
The main investment objective of the scheme is to generate long term capital growth primarily from an actively managed portfolio of equity and equity related securities. The scheme can be invested in Indian equities, foreign equities and related instruments and debt securities.
Notably, to benefit from the favorable capital gains tax treatment of such schemes, an average of 65% of its corpus is invested in listed Indian equities.
Don’t miss a story! Stay connected and informed with Mint.
download
Our App Now!!