PPFAS clarified that its upcoming Large Cap Fund will be a low-cost, Nifty 100-based offering aimed at investors seeking index-like returns with selective active advantages.
PPFAS will introduce three new international equity FoFs over the next year, launching two passive funds and one actively managed fund.
Discipline and being true to its label have helped the fund in the past. However, going forward, its large size and SEBI restrictions on investment in overseas stocks could be challenges.
Parag Parikh Mutual Fund’s flagship equity fund, which is part of the MC30 (Moneycontrol’s curated basket of 30 investment-worthy schemes), reopens for subscriptions today while a decision on enhancing international investing limits is awaited.
Watch accompanying videos of Mint Stressed Assets Investment Conference 2016 wherein various corporates gave their views on stressed assets and how should one really play the game there.
Renowned value investor Parag Parikh was killed in a car accident in Omaha, Nebraska, in the US Sunday, where he was attending the annual shareholder meeting of Warren Buffett's Berkshire Hathaway corporation.
Index offers a very small sample comprising companies that may not be the best choices if assessed on parameters such as business fundamentals and valuations
Discussing the merit and demerit of the just-imposed higher exit load, the twitterrati engaged in a virtual war with some saying the move will curb misselling and deter short term deserters, and others describing it as an exercise to pay higher fees to distributors.
Parag Parikh, executive director and chief executive officer, Gammon Infra is optimistic of a better year ahead. He says the company‘s projects- the Godavari Bridge, the Pravara project as well as the Patna Highways, will be commissioned in FY15.
For doing Rs 1,000 crore revenues in FY14, Gammon Infra has to do around Rs 250 crore revenues each quarter, which seems challenging with big ticket orders being hard to come by and those in kitty should be completed on time.
Parag Parikh, ED & CFO of Gammon Infra believes that the new exit norms are a welcome move by CCEA. He told CNBC-TV18 that it is not a solution for projects, which are not viable fundamentally. However, substitution is open for all viable commissioned projects, he added.
Parag Parikh made a success of his portfolio management scheme. He is now looking to repeat his performance with a new mutual fund.
In an interview to CNBC-TV18, Parag Parikh, ED & CFO, Gammon Infrastructure spoke about the new projects of the company and how their execution has increased the debt levels.
Gammon Infrastructure bagged order worth Rs 871 crore for four laning of Sidhi - Singrauli stretch from Madhya Pradesh Road Development Corporation on BOT basis.
In May this year, Gammon Infrastructure had announced plans to raise close to Rs 200 crore from a rights issue. Chief financial officer of the company, Parag Parikh tells CNBC-TV18 that they plan to completely retire the debt of the company through this issue.
Gammon Infra expects average toll collections from Mumbai-Nashik toll road from Rs 16.75 lakhs a day to over Rs 30 lakhs a day.
In an interview to CNBC-TV18's Mitali Mukherjee, Jayant Pai, Vice President, Parag Parikh Financial Advisory Services (PPFAS) and Archana Bhingarde, CEO, Hi Q Financial Planners advices on the tax saving plans for a better and brighter future.
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The infrastructure space is in the news today with talk about new orders being handed out by NHAI this week. The projects are valued at more than Rs 3,500 crore, says Parag Parikh, CFO, Gammon Infrastructure.
Parag Parikh, chief financial officer of Gammon Infrastructure said that he expects the growth in cash profit to continue going forward.