Parag Parikh Mutual Fund

How to Invest in PPFAS Mutual Funds?

With Scripbox, mutual fund investments are extremely easy and can be done at a click of a mouse. By following the steps below, one can invest in mutual funds.

• Visit Scripbox and Begin the Investment Journey: Go to Scripbox website and on the homepage, click on the button “Let’s get started”. Doing so displays a list of investment options based on life goals. Investors can choose a financial goal(s) that best suit them to invest in mutual funds. Click on the “Continue” button to proceed with the mutual fund investment.
• Signup and Create an Account: In this step, one has to create a Scripbox account. Once the account is created, and the investor has logged in, investment details like payment options, and the amount of investment will be available. One has to enter the amount of investment. And then select the payment option. They can choose among “Every month SIP” for SIP investments or “One-time” payment for lumpsum investment depending on their cash flow. Also, a SIP calculator can be used to calculate their potential returns from SIP investment. Scripbox’s SIP calculator is available online and is free to use. Next, click on the “See Recommended Funds” button to proceed with the investment.
• Check the Plan and Fund Allocation: This step displays a list of mutual funds.  And the allocated amount for each of the mutual funds in the selected plan. Check all the details before proceeding ahead. By clicking on the option “I want to change Funds/ Amount”, one can change the fund and investment amount. Click on the “Next” button to make a payment.
• Bank Details and Money Transfer: This step requires the investor’s bank saving account and PAN details. Scripbox provides a secure environment. Also, the bank saving account details will only be used for investing and crediting the redemption proceeds only. The purchase is made at the mutual fund schemes NAV. The mutual fund schemes NAV is determined and announced every day by the fund house.

KYC Required to Invest in PPFAS Mutual Fund via Scripbox

KYC or Know Your Customer helps in identifying a client. SEBI prescribes the KYC requirements. Investors must be KYC compliant. Only then they can invest in SEBI registered mutual funds. A KYC form includes details of identity, demographics, address, financial status, and occupation of a person.

One can get their KYC online with Scripbox. Resident Indians and PIO residing in India would need the following documents required for KYC:

• Photograph
• Pan Card
• Address proof (Aadhar Card (Both Front & Back)/Driving License/Passport/Voter ID Card)
• Video Selfie: Record a video by facing the camera for 5 seconds
• KYC Authorisation Letter. (Please write on a while plain sheet of paper that “I authorise Scripbox to do my mutual fund KYC” & sign below it)

You can upload clear colour scanned copies of your KYC documents during the registration itself. Or,
If you are an existing Scripbox user, you can message on Scripbox’s WhatsApp number +91-8884448026 or email your KYC documents to help@scripbox.com.

How to Download Mutual Fund Investment Statement?

The following steps will guide you to download your Parag Parikh Mutual Fund investment statement using the Scripbox App:

• Firstly, use the Scripbox App login to your account.
• Then, under the ‘Profile’ tab and click on the ‘Investment History’ option to get all previous transactions.
• Finally, scroll down until you find ‘Email Me’ and click on it to get the statement in your email. Open your email and click on the link to download the mutual fund statement.

The Excel statement will have the following details in two different sheets:

• Orders Tab: The sheet includes transaction details like Fund Name, Folio Number, Investor Name, Investment Amount, Order NAV, STT, etc.
• Current Holding Tab: This sheet includes a summary of mutual funds in your portfolio and has details like Fund Name, Units, Current Value, Folio Number, and Purpose.

Top PPFAS Mutual Fund Managers

Explore: Top Fund Managers

Mr. Rajeev Thakkar

Mr Thakkar joined PPFAS Mutual Fund in 2001 and is currently the Chief Investment Officer and Equity Fund Manager. Till 2012, he was the Chief Executive Officer (CEO) of PPFAS (Sponsor Company). He has more than 26 years of experience. His experience is across managing fixed income portfolios, merchant banking, PMS operations and broking operations. At the fund house, he was previously managing the PMS portfolio of INR 300 crore value. Furthermore, Mr Thakkar holds a Bachelors in Commerce degree from Bombay University. He is also a Chartered Accountant and CFA Charter Holder and ICWA graduate.
He currently manages the Parag Parikh Long Term Equity Fund and Parag Parikh Tax Saver Fund.

Mr. Raunak Onkar

Mr Onkar started his career with PPFAS as an intern in 2009 and is currently the Head of Research at the fund house. He has good experience in the capital market industry. He has more than ten years of industry experience. Mr Onkar is managing the overseas investment of the Parag Parikh Long Term Equity Fund since its inception. He holds a B.SC IT degree from Bombay University and also an MMS degree in Finance from Bombay University.

Mr. Raj Mehta

Mr Mehta joined the fund house as an intern in 2012. He is currently part of the fund management team at PPFAS. He holds an ‘NSE Debt Market Module’ certificate that is issued by FIMMDA and NCFM. Mr Mehta actively participates in TV programs and is a featured columnist in few financial publications. Furthermore, he holds a B.Com and M.Com degree from Mumbai University. Mr Mehta is also a Chartered Accountant and CFA Charter holder. He currently manages the Parag Parikh Long Term Equity Fund, Parag Parikh Tax Saver Fund and Parag Parikh Liquid Fund.

Frequently Asked Questions

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