The generally accepted normal range of cash proportion held by MFs is 1- 5 percent. However, only eight among the top 20 MF houses are currently holding cash below 5 percent of their AUM.
Parag Parikh Flexi Cap Fund is one of the best-performing equity mutual funds. It is part of the MC30, Moneycontrol’s curated basket of best mutual funds. Neil Parag Parikh says that keeping the fund shut until fresh overseas investment limits are announced would have meant missing domestic equity market opportunities. However, reopening the fund may also mean the ratio of domestic and foreign equity will get altered.
PPFAS Asset Management's CIO Rajeev Thakkar told Moneycontrol that the fund house would launch this scheme mostly in the first week of July 2019.
The name change is s per the new guidelines laid by the Securities and Exchange Board of India on Oct 6.
In Ramesh Damani's special show Wizards of Dalal Street on CNBC-TV18, Rajeev Thakkar, CIO & Director at Parag Parikh Mutual Fund shares details of how the portfolio management services company came to be in the mutual funds business and his learnings from ace investor Parag Parikh.
Parag Parikh Mutual Fund will take a call on investments in Noida Toll Bridge Company at a meeting held today, the fund house stated in a letter to the investors.