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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.