PPFAS Mutual Fund and MTD-NGO Donate 5 nos. Dialysis Machines to Indira Gandhi Hospital aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.
Budget 2023 made the new income tax regime the default regime. Since this regime doesn’t give Section 80C benefits, ELSS, or tax-saving mutual funds, have lost their tax-benefit edge. Aside from taxpayers who would still opt for the old tax regime, it remains to be seen if ELSS funds can sell themselves purely on performance.
Parag Parikh Dynamic Asset Allocation Fund (DAAF) is the sixth scheme by PPFAS Mutual Fund. The new fund offer (NFO) will be available for subscription from February 20, 2024, to February 22, 2024.
The objective of the scheme is to generate income/long-term capital appreciation by investing in equity, equity derivatives, and fixed-income instruments. The allocation between equity instruments and fixed income will be managed dynamically to provide investors with long-term capital appreciation while managing downside risk.
Neil Parag Parikh, Chairman & CEO of PPFAS MF, advises investors to temper their expectations due to the unpredictable nature of equity markets. He highlights the popularity of SIPs among Indian investors and downplays the impact of elections on investment decisions. Parikh also discusses the attractiveness of overseas investments and warns of froth in the small and midcap space.