PPFAS Asset Management Company has got Sebi's nod to launch its Long Term Value Fund.
The company today said that it got the requisite regulatory approvals from Sebi to launch its diversified equity fund. The fund would not have bias towards sectoral or market-cap, said the company in a note.
The scheme is likely to be launched in May. "We will begin our road shows in specific cities before launching the fund next month. We are not looking at aggressive marketing but instead will focus on delivering investment performance," said Rajeev Thakkar, CEO of PPFAS Asset Management Private Limited.
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