Parag Parikh Mutual Fund is an offering of Parakh Parikh Financial Advisory Services Limited (PPFAS). The mutual fund offering was launched in 2013 while the AMC in itself has been around since 1992 having been founded by the Late Parag Parikh. Parag Parikh Financial Advisory Limited is chaired by Neil Parag Parikh who also helms the role of CEO and Rajeev Thakur, operating as CIO and Equity Fund Manager. In this article, we take a look at a comprehensive overview of PPFAS Mutual Fund for NRIs, different schemes, NAV, performance, and more.
Also read: Tata Mutual Fund for NRIs – A Comprehensive Overview of Schemes, NAV, and Performance
Overview of PPFAS Mutual Fund for NRIs
The mutual fund offering under Parag Parikh Mutual Fund (PPFAS)is managed by Parag Parikh Financial Advisory Services Limited. PPFAS Mutual Fund for NRIs offers four scheme offers for investors across equity, debt, and hybrid categories. The scheme is open for both residents and NRIs.
Also read: UTI Mutual Fund for NRIs – A Comprehensive Overview of Schemes, NAV, and Performance
Can NRIs invest in PPFAS Mutual Funds?
Yes, NRIs can easily invest in PPFAS mutual funds after getting their Mutual Fund KYC done and linked to their NRO/NRE Bank accounts. They can invest in various mutual fund schemes and generate good returns in the long term. This helps NRIs to build a fund that can match their investment goals and secure their future for any long-term financial needs.
The FEMA Act, RBI rules, and SEBI guidelines govern the rules and regulations regarding NRI investments in mutual funds which is why it has a slightly different procedure than that of resident individuals. Keeping in check with the FEMA Act, the funds on offer for NRIs from the US & Canada to NRIs from other countries may vary at times.
Also read: Best Mutual Funds for NRI in India 2023
How can NRIs invest in PPFAS Asset Management Private Limited?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any – Water/electricity bills, postpaid mobile/internet bills, rent agreements, driving licenses, etc.
- Passport – front and back
- Passport size photograph
- Signature
- Onboarding: After KYC, you need to share the following details to complete the onboarding process and start investing in PPFAS Mutual Fund for NRIs
- Onboarding: After KYC, you need to share the following details to complete the onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the last 3 months
- Nominee details
Top Performing PPFAS Equity Mutual Funds for NRIs
| Fund Name | Fund Size (In Crores) | Expense Ratio | Current NAV (INR) | 1 YR | 3 YR |
| Parag Parikh Flexi Cap Growth for NRI | 40,760 Cr | 1.5% | 57.85 | 22.09% | 22.41% |
Also read: Best Equity Mutual Funds for NRIs to Invest in 2023
Top Performing PPFAS Debt Mutual Funds for NRIs
| Fund Name | Fund Size (In Crores) | Expense Ratio | Current NAV (INR) | 1 YR | 3 YR |
| Parag Parikh Liquid Fund Growth for NRI | 1,927 Cr | 0.3% | 1291.15 | 6.42% | 4.44% |
Also read: Best Debt Mutual Funds in India 2023 for Residents and NRIs
Top Performing PPFAS Hybrid Mutual Funds for NRIs
| Fund Name | Fund Size (In Crores) | Expense Ratio | Current NAV (INR) | 1 YR | Since Inception |
| Parag Parikh Conservative Hybrid Fund Growth for NRI | 1,570 Cr | 0.6% | 12.21 | 12.02% | 9.07% |
Also read: Best SIP to Invest in 2023 – Top 10 SIP Mutual Fund Plans for NRIs
Top Performing PPFAS Tax Savings Mutual Funds for NRIs
| Fund Name | Fund Size (In Crores) | Expense Ratio | Current NAV (INR) | 1 YR | 3 YR |
| Parag Parikh Tax Saver Fund Growth for NRI | 1,932 Cr | 1.9% | 23.00 | 17.80% | 22.40% |
Also read: List of Top Performing Liquid Funds for NRIs in 2023
Customer Care Details
For any query regarding any schemes offered by PPFAS Mutual Fund, you can contact the following address:
- Registered Address: 81/82, 8th Floor, Sakhar Bhavan, Ramnath Goenka Marg, 230 Nariman Point, Mumbai – 400021. Branch Timing (9 am – 6 pm)
- Phone no: 91 22 6140 6555
- Email: [email protected]
How to Invest in PPFAS Mutual Funds as NRI?
NRIs can now download the SBNRI App and choose to invest in different mutual fund schemes from PPFAS Mutual Funds for NRIs in India with ease. You can also get detailed investment advice from experts at SBNRI. Also, visit our blog and YouTube channel for more details.
SBNRI is an authorized Mutual Fund Distributor platform & registered with the Association of Mutual Funds in India (AMFI). ARN No. 246671. NRIs willing to invest in mutual funds in India can download the SBNRI App to choose from 2,000+ mutual fund schemes or can connect with the SBNRI wealth team to better understand Mutual Fund investments.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions. SBNRI does not intend to predict future returns, please read all related documents before investing.
FAQs
Can NRIs invest in PPFAS Mutual Funds?
- Yes, NRIs can invest in PPFAS Mutual Funds on a full repatriation and non-repatriation basis as long as they adhere to the Foreign Exchange Management Act (FEMA) guidelines. NRIs need to complete the KYC to invest in mutual funds in India.
How can NRI buy Mutual Funds from Parag Parikh Financial Advisory Services Limited?
- Step 1: Set up an NRI Account: As per FEMA guidelines, after attaining the NRI status, you can’t park your money in a regular resident savings account in India and need to open an NRE or NRO account. Once the account is activated, you can start investing.
- Step 2: Get Your KYC Done: You need to complete the KYC process before starting investment in PPFAS mutual funds for NRIs in India.
Are PPFAS Mutual Fund for NRIs schemes safe to invest in?
- Mutual funds are subject to market conditions and all market-linked investments come with a degree of risk. However, you can choose from low-risk to high-risk mutual funds to invest in as per your risk appetite and investing goals.
Which PPFAS Mutual Fund scheme is best for the short term?
- Generally, a short-term investment is ideal for up to 3 years. If you are planning short-term investment, consider PPFAS Mutual fund debt funds for NRIs. If your investment is up to three months, PPFAS Mutual Fund liquid funds for NRIs are ideal for you.
What is the taxation on PPFAS Debt Mutual Funds?
- The debt mutual fund tax has been changed with effect from April 1, 2023, after the Budget 2023 brought certain amendments. Debt mutual funds will no longer be allowed to avail of indexation benefits from FY 23-24. Any gains made on debt mutual funds investment will now attract taxation on applicable slab rates of the investor’s income bracket.
What are Debt funds vs. Equity Funds?
- Debt funds are mutual funds that invest money into fixed-income securities, corporate bonds, treasury bills, commercial papers, and more. On the other hand equity funds invest the money into stocks/shares of the company.
Are PPFAS debt mutual funds safer than PPFAS equity mutual funds?
- Debt funds invest in fixed-income securities, corporate bonds, treasury bills, commercial papers, and more while equity funds invest in stocks/shares of the company. This makes debt funds a relatively safer option as an investment than equity funds.
Are PPFAS equity mutual funds safer for NRIs?
- Equity mutual funds have high volatility and can be risky for investors. However, overseeing the returns generated by equity mutual funds for the past 15 years, these funds can be a great investment vehicle and offer great wealth-generation opportunities for NRIs.
Is PPFAS equity mutual funds safer than FD?
- Fixed deposits have a risk-free fixed income and are safer than equity mutual funds. However, as per the returns and growth opportunity, equity mutual funds look to be a better investment option for investors, residents, and NRIs alike.
What is the PPFAS liquid fund taxation for NRI?
- NRIs are liable to pay taxes on the capital gain earned from Liquid funds. The short-term capital gains for sell of liquid funds for a period under 3 years of holding are taxed at investor’s slab rates. After the Budget 2023 amendments, long-term capital gains won’t enjoy any indexation benefit and will be charged as per the investor’s slab rates removing the LTCG benefits altogether.
Can I invest from the USA in the PPFAS Mutual Fund?
- Yes an NRI can invest from the USA in India in various mutual fund schemes offered by PPFAS Mutual Fund for NRIs provided it complies with the FEMA Act, RBI guidelines, and SEBI guidelines.
Can NRI invest in SIP in the PPFAS Mutual Fund in India?
- Yes, an NRI can invest in India through the SIP route in PPFAS Mutual Fund Schemes for NRIs. SIP stands for Systematic Investment Plan.
