Quick workshop reminder: The next Money and You workshop is scheduled on Saturday, October 8, 2016 in Mumbai. Since there are just a few seats, you might want to give your name in advance. Click here to know details.
Know your Fund – Parag Parikh Long Term Value Fund
Unovest, recently, as a part of the ongoing series on Know your Fund, covered Parag Parikh Long Term Value Fund.
This funds comes from the PPFAS Mutual Fund which came in existence in May 2013 and has just completed a little over 3 years. It stands out for some of its characteristics which, in the context of current industry behaviour, appear eccentric.
The fund house offers only ONE scheme that is the Parag Parikh Long Term Value Fund. There is only growth option available – no dividend or bonus option.
The scheme benchmarks itself to the Nifty 500, the broad market index that is correct for its multicap character.
It also is one of the few funds to have a mandate to invest in domestic as well as international equity/stocks. And yes, the logo of the fund house is a Turtle.
The fund was known as PPFAS Long Term Value Fund till about just a couple of weeks ago. Investors are keen to know whether it means any change in the way the fund operates.
Thankfully, it is ONLY a name change and nothing else. As the fund house communication mentioned it was a way to pay tribute to its founder Mr. Parag Parikh.
Unovest got in touch with Rajeev Thakkar, Fund Manager, CIO and a Director with PPFAS Mutual Fund to share with us the core characteristics and insights about the Parag Parikh Long Term Value Fund.
Click here to read the complete coverage.
Arbitrage Funds – Should you invest?
Several investors have been flocking to invest in arbitrage funds?
Why? Is that a compelling investment proposition?
Do they really make sense?
We go through it all in this coverage on Arbitrage Funds.
Click here to read the post.
In other news, if you have been an investor in regular plans, starting October 1, your account statement will now tell you the amount of commissions paid out from your investment and the expense ratio of the funds you are invested in.
Well, I say, why wait? You can come to know it to a reasonable approximation right now on Unovest. Just upload your portfolio through the CAMS consolidated statement and let the magic unfold. Click here to know more.
Cut in small savings rate: The small savings rate including that of PPF, Senior Citizens Schemes and Sukanya Samriddhi has been reduced by 0.1% from October 1, 2016. That takes PPF rate to 8% and SCSS to 8.5%.
Well, even inflation is dropping. So net, net you are still better off. Here’s a post on the previous rate cut on why you need not worry.
Between you and me: Let there be no doubt that a real advisor adds value. How much you pay for it is another matter. What’s your view?