PPFAS punches above its weight to have first active fund at Rs 1 trillion

India’s largest mutual fund (MF) players are typically backed by major banks, but the country’s biggest actively-managed scheme comes from a relatively lesser-known fund house outside mainstream market circles.

The Parag Parikh Flexi Cap Fund, the flagship scheme of Parag Parikh Financial Advisory Services (PPFAS) MF, recently became the first active scheme to cross ₹1 trillion in assets under management (AUM).

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