In one of my recent blogs I had asked my readers to keep money ready and get their KYC done so as to invest in PPFAS AMC’s new fund offering (NFO). I got a call from them yesterday that they have received SEBI approval for their scheme and the NFO will come out in the next few weeks. You can check the mail of the Fund Manager Mr Jayant Pai to me.
I would suggest the following procedure:-
(a) Have your KYC status OK. You can check your status at this site. KNOW YOUR KYC STATUS.
(b) If your status is not OK, it could be because of two reasons, one is you have not applied so far. In that case download this form and fill it up and deposit as per instructions. FRESH KYC APPLICATION FORM.
(c) You had your KYC form filled before 01 Jan 2012. In that case you need to fill up CHANGE IN DETAIL FORM. Fill up only part B of the form and forward.
(d) Download the form from PPFASAMC website. They will upload it in a few days.
(e) Make the first investment offline. Form + Cheque to be deposited at any of the designated CAMS centres. LOCATION OF CAM CENTRES IN INDIA. Their toll free helpline is 1800-200-2267.
(f) In case there is no CAMS centre in your town, send the cheque and form by post directly to PPFAS Corporate Office at PPFAS Mutual Fund,Great Western Building, 1st Floor, 130/132, S. B. S. Marg, Diagonally opposite Lion Gate, Fort, Mumbai – 400 001.
(g) After the first investment all others can be done on line through their website www.amc.ppfas.com.
If you choose to invest online through the PPFAS AMC website, your investment will automatically be channelised into the ‘Direct Plan’ option which will will give you the benefit of a lower expense ratio as compared to the ‘Regular / Distributor Plan’
As of now, the minimum subscription amount for lumpsum as well as SIP investments is Rs. 1000/- (Rs. One Thousand only) and in multiples of Rs. 1/- thereafter. We are offering monthly and quarterly options and the SIP dates on offer are : 1st and 10th.
Please shall you detail me more about PPFAS LONG TERM VALUE FUND – features
Dear Dhiraviyam
PPFAS Long term value fund is a mutual fund scheme. It is only one scheme launched by the Asset Management Company (AMC) called PPFAS. It is a fund for long term value investors. If you want to invest for 5 years or more then only invest in this fund.
You can read my earlier blogs on the same fund. The strategy of the fund is to identify value stocks which have been temporarily neglected by the market and will do well in future.