PPFAS mutual fund to start accepting fresh inflows from March 15

Parag Parikh Flexicap mutual fund: However, as the overseas investment curbs are yet to be lifted, all the incremental flows will be deployed only in domestic stocks

Parag Parikh Flexicap Scheme, which had closed subscription after the overseas investment limit of the mutual fund industry got exhausted, will start accepting fresh inflows from March 15.

However, as the overseas investment curbs are yet to be lifted, all the incremental flows will be deployed only in domestic stocks.

In a note to unitholders, Rajeev Thakkar, CIO and director of PPFAS Mutual Fund said over time the weightage of foreign stocks for the scheme will come down. But as and when overseas investment limits are increased, the scheme will rebalance the portfolio as per the then prevailing situation and