Description

Introduction of IDCW (Income Distribution cum Capital Withdrawal) option under Parag Parikh Flexi Cap Fund of PPFAS Mutual Fund on NSE MF Invest Platform effective October 31, 2025.

Summary

NSE has announced the introduction of Income Distribution & Capital Withdrawals (IDCW) option under Parag Parikh Flexi Cap Fund of PPFAS Mutual Fund on the NSE MF Invest Platform, effective October 31, 2025. This change introduces four new ISIN codes covering both Regular and Direct plans with IDCW Payout and Reinvestment options for this open-ended dynamic equity scheme.

Key Points

  • Four new IDCW options introduced for Parag Parikh Flexi Cap Fund
  • Effective date: October 31, 2025
  • Available on NSE MF Invest Platform
  • Covers both Regular Plan and Direct Plan variants
  • Includes both IDCW Payout and IDCW Reinvestment options
  • All schemes classified under Equity category
  • Change approved by PPFAS Trustee Company Private Limited per SEBI regulations

Scheme Details

The following four scheme options are being introduced:

  1. Parag Parikh Flexi Cap Fund - Regular Plan - IDCW Reinvestment

    • ISIN: INF879O01324
    • Category: Equity

  2. Parag Parikh Flexi Cap Fund - Regular Plan - IDCW Payout

    • ISIN: INF879O01316
    • Category: Equity

  3. Parag Parikh Flexi Cap Fund - Direct Plan - IDCW Reinvestment

    • ISIN: INF879O01308
    • Category: Equity

  4. Parag Parikh Flexi Cap Fund - Direct Plan - IDCW Payout

    • ISIN: INF879O01290
    • Category: Equity

Regulatory Changes

This change in fundamental attributes has been approved in accordance with:

  • Regulation 18(15A) of SEBI (Mutual Funds) Regulations, 1996
  • Regulation 25(26) of SEBI (Mutual Funds) Regulations, 1996
  • Enabling provisions of the Scheme Information Document (SID)

Fund Information

Parag Parikh Flexi Cap Fund is an open-ended dynamic equity scheme investing across large cap, mid cap, and small cap stocks. The scheme invests in both Indian and foreign equities and related instruments and debt securities.

Investment Objective: To generate long-term capital growth from an actively managed portfolio primarily of equity and equity-related securities.

Investment Philosophy: Buying securities at a discount to intrinsic value to create value for investors through value stock investing.

Investment Horizon: Long-term (5 years and more) - the scheme is not suitable for investment horizons of less than 5 years.

Important Dates

  • Circular Issue Date: October 30, 2025
  • Effective Date: October 31, 2025

Impact Assessment

This is a low-impact operational update that expands investment options for NSE MF Invest Platform users. Exchange members are only required to take note of the new scheme options. The introduction of IDCW options provides investors with additional flexibility to choose between capital appreciation (existing growth options) and periodic income distribution. No action is required from members beyond awareness of the new product availability on the platform.

Impact Justification

Operational update introducing new investment options for an existing mutual fund scheme on NSE platform. Does not affect stock trading or impose compliance requirements on members beyond awareness.