PPFAS Mutual Fund plans to come out with liquid fund, ELSS

As part of its expansion plan, PPFAS Mutual Fund is planning to launch a liquid fund and an equity-linked saving scheme (ELSS) in the near future.

However, the fledgling fund house, whose current assets under management (AUM) stood at Rs 750 crore, will continue to run its diversified equity scheme Parag Parikh Long Term Value Fund as it flagship plan.

"We are contemplating to come out with a liquid fund and an ELSS in the near future. Currently, we are at the planning stage and shall share their details with you soon," PPFAS MF chief executive Neil Parag Parikh told

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