The top holdings of the Parag Parikh Flexi Cap Fund remained concentrated in large-cap financials and defensives.
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.
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.
Thinking of putting money in a PMS product? Here is what you should keep in mind.
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.