Kolkata, January 22, 2026:
PPFAS Mutual Fund has announced the launch of the Parag Parikh Large Cap Fund, an open-ended equity scheme predominantly investing in large-cap stocks. The New Fund Offer (NFO) opened on January 19, 2026, and will close on January 30, 2026, with the scheme scheduled to reopen for continuous sale and repurchase on February 6, 2026.
Classified under the AMFI Large Cap category, the fund will be benchmarked against the Nifty 100 TRI. This marks the seventh offering from PPFAS Mutual Fund since its inception.
The fund aims to provide cost-efficient and diversified exposure to large-cap equities, while keeping portfolio positioning close to the benchmark over time. The investment approach focuses on minimising trading and impact costs, using efficient instruments and maintaining a small active share to enhance long-term outcomes for investors.
The minimum investment amount is ₹1,000, with additional investments allowed in multiples of ₹1. The scheme carries no entry or exit load. Both Direct and Regular plans will be available, offering Growth and Income Distribution cum Capital Withdrawal (IDCW) options.
Commenting on the launch, Neil Parag Parikh, Chairman and CEO, PPFAS Mutual Fund, said that many investors seek transparent, low-cost, and consistent large-cap exposure. He added that the fund has been designed with an emphasis on smart execution and cost efficiency, with the benefits intended to accrue directly to investors.
The fund will be managed by a team comprising Rajeev Thakkar, Raunak Onkar, Raj Mehta, Rukun Tarachandani, Tejas Soman, and Aishwarya Dhar.
Explaining the investment strategy, Rukun Tarachandani, EVP and Fund Manager, said the scheme may deploy select cost-efficient strategies such as using single-stock or index futures when available at a discount, merger-related arbitrage opportunities, and gradual rebalancing during index changes to achieve better execution. The fund may also take limited opportunistic active positions around corporate actions, while keeping the overall active share below 10%.
With its disciplined, low-cost approach and focus on large-cap stability, the Parag Parikh Large Cap Fund seeks to cater to investors looking for long-term, efficient participation in India’s leading companies.
