PPFAS investment firm on Sunday declared that it will stop accepted inflows into PPFAS Flexi cap Fund with a result from Feb 2. The moves comes once the capital markets regulator Sebi directed investment company homes to forestall taking recent subscriptions in schemes finance in overseas stocks.
The directive to prevent subscription is mainly on account of the investment company trade crossing the mandated limit of USD seven billion for overseas investments.
“To avoid breach of industry-wide overseas limit as allowed by the run, consistent to Sebi’s recommendation and Amfi clarification dated Gregorian calendar month thirty,2022, schemes aspiring to invest in overseas securities have to be compelled to prevent accepted result w.e.f Feb 2, 2022. Consequently, we’ll be stopping all sorts of subscriptions in Parag Parikh Flexi cap Fund,” the fund house same through a tweet.
Transactions among the fund received post the bring around a halt temporal arrangement of Gregorian calendar month one will not be accepted and processed. It, any, aforesaid that current SIP/ STPs (systematic investment plan/systematic transfer plans) won’t be affected.
This suspension is” temporary in nature and might continue entirely till more sweetening of limit by Regulators throughout this regard”.
PPFAS Flexi cap Fund invests up to thirty-five percent of its corpus in foreign stocks, primarily stocks of us technology firms. In June 2021, Sebi multiplied the overseas investment limit for an investment firm house to USD one billion from this USD 600 million. The overall investment company trade limit was capped at USD seven billion.
“Mutual funds can build overseas investments subject to a most of USD one billion per Investment Company, within the trade limit of USD seven billion,” Sebi had aforesaid.
The investment objective of the theme is to hunt to induce long capital growth from an associate degree actively managed portfolio primarily of equity associated Equity connected Securities.
Theme shall invest in Indian equities, foreign equities, and connected instruments and debt securities. Shopping for securities at a discount to intrinsic value will facilitate the creation of price for investors.
Our investment philosophy is to require a grip on such price stocks. It is documented that to realize success in finance one ought to invest once others area unit was fearful and divest once others area unit was greedy.
However, considering that Parag Parikh Flexi Cap Fund is an associate degree open complete theme, its ability to take a position throughout bear markets can deem your behavior as an investor.
If investors desert us once prices area unit low, it’s going to naturally constrain our ability to create investments once valuations area unit is beguiling.
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