PPFAS launches Parag Parikh Large Cap Fund, NFO opens today; here are the details

PPFAS

• PPFAS Mutual Fund launches Parag Parikh Large Cap Fund NFO from Jan 19-30, 2026
• Fund invests in large-cap stocks, benchmarked to Nifty 100 TRI
• Minimum investment is Rs 1,000, with no entry or exit load

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PPFAS Mutual Fund has launched the Parag Parikh Large Cap Fund on January 19 , with the new fund offer (NFO) open for subscription till January 30, after which the scheme will reopen for continuous purchase and redemption from February 6.

The Parag Parikh Large Cap Fund is an open-ended equity scheme that will invest predominantly in large-cap stocks and will be benchmarked against the Nifty 100 Total Return Index (TRI). The launch marks PPFAS Mutual Fund’s entry into the large-cap segment and is the fund house’s seventh scheme since inception.

The Total Expense Ratio (TER) for the direct plan is 0.15 percent and the regular plan at 0.55 percent.

The minimum investment amount is Rs 1,000, with investments allowed in multiples of Re 1 thereafter. There is no entry or exit load. Both direct and regular plans will be available, offering growth and income distribution cum capital withdrawal options.

“Many investors seek large-cap exposure that is transparent, low-cost, and consistent. This fund has been launched to meet that need by focusing on smart execution and cost efficiency, the benefits of which will be passed to the end investor,” PPFAS Mutual Fund chairman and CEO  Neil Parag Parikh said.

The scheme will be managed by Rajeev Thakkar, Raunak Onkar, Raj Mehta, Rukun Tarachandani, Tejas Soman and Aishwarya Dhar.

According to the fund house, the idea is to give investors broad large-cap exposure at a low cost, while keeping the portfolio closely aligned with the benchmark. Rather than taking big stock-level calls, the focus will be on executing trades more efficiently and keeping costs in check.

The fund managers say they will use execution-led strategies. These include using single-stock and index futures when they are available at a discount to spot prices, taking part in merger-related opportunities within index stocks, and rebalancing gradually when the Nifty 100 constituents change instead of trading on a single day. The scheme may also take small, short-term positions around corporate actions such as demergers, while keeping overall active exposure limited.

The fund launch was announced in November, when Parag Parikh Financial Advisory Services (PPFAS) shared plans to introduce an actively managed large-cap fund in early 2026. The scheme is PPFAS’s first new equity launch in nearly five years and only the third such scheme after the Parag Parikh Flexi Cap Fund and the Parag Parikh ELSS Tax Saver Fund.