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PPFAS Mutual Fund (MF) has launched the Parag Parikh Conservative Hybrid Fund, an open-ended hybrid scheme investing predominantly in debt instruments. The NFO opens for subscription on May 07, 2021, and closes on May 21, 2021. The Entry load is not applicable for the scheme. In respect of each purchase / switch-in of Units, 10% of the units (‘the limit’) may be redeemed without any exit load from the date of allotment. Any redemption or switch-out in excess of the limit shall be subject to the following exit load:  Exit load of 1.00% is payable, if Units are redeemed / switched-out within 1 year from the date of allotment of units and no Exit Load is payable if Units are redeemed / switched-out after 1 year from the date of allotment. The minimum subscription amount is 5000 and in multiples of Re 1 thereafter.

The performance of the Scheme would be benchmarked against CRISIL Hybrid 85+15-Conservative Index TRI and Rajeev Thakkar, Raunak Onkar and Raj Mehta are the Fund Managers of the Scheme.

The investment objective of the scheme is to generate regular income through investments predominantly in debt and money market instruments. The Scheme also seeks to generate long term capital appreciation from the portion of equity investments under the scheme.