Parag Parikh Liquid Fund Regular Growth

About Parag Parikh Liquid Fund

The Scheme is an open-ended liquid scheme with primary investment objective to deliver market related returns with lower risk and high liquidity through investments in money market and debt instruments. Liquid funds are debt mutual schemes that invest money in very short-term market instruments such as T-Bills, CBLO and Government Securities.

Pros & Cons of Parag Parikh Liquid Fund

Parag Parikh Liquid Fund offers following features:

1. The Scheme is an alternative to bank fixed deposits, enabling investment to deploy money for short periods
2. It is a good option for investors seeking a highly liquid option with no exit load.
3. Although liquid scheme can invest in instruments up to a maturity of 91 days, the actual maturity is usually lower than that and thus high liquidity

Fund Information and Statistics of Parag Parikh Liquid Fund

i) Inception / Launch date

The Scheme was launched by Parag Parikh Mutual Fund on 9 May 2018 and is benchmarked against Crisil Liquid Fund Index.

ii) Risk level

Given that the scheme provide ready liquidity, income and tax-efficiency, investors could choose this option as an alternative to bank deposit and the scheme is low risk in nature.

iii) Redemption

The Scheme is open for repurchase/redemptions on all business days based on NAV based prices. Redemption proceeds are despatched within 10 business days from the date of the receipt of valid redemption request.

iv) Fund Manager

Mr. Raj Mehta serves as the Fund Manager for the scheme who is managing the scheme since inception.

v) Entry / Exit load

There is no entry load or exit load charged by the fund house for subscriptions and redemptions, respectively.

Tax benefits of investing in Parag Parikh Liquid Fund

Long term capital gains are taxed at the rate of 20% plus surcharge after indexation (if held for 36 months or more). Short term gains are added to income and subject to short term capital gain tax as per income tax slab under the Act plus surcharge. Dividend Distribution Tax is deducted at source by the fund house.

About PPFAS Mutual Fund

PPFAS Mutual Fund was set-up on 10 October 2012 and currently five schemes are being managed by the fund house. Mr. Neil Parag Parikh is the MD & CEO of the fund house. The fund house is promoted by Parag Parikh Financial Advisory Services Pvt Ltd. The fund house has launched only one equity scheme to fully concentrate on wealth creation.