PPFAS Mutual Fund Announces Major Changes: New CFO, IDCW Option, Exit Window
PPFAS Asset Management has announced significant changes, starting with the resignation of Himanshoo Bohara as Chief Financial Officer and Whole-Time Director, effective September 29, 2025. All references to Bohara have been removed from the Statement of Additional Information (SAI) of PPFAS Mutual Fund.
Following Bohara's departure, PPFAS Mutual Fund has nominated Gaurav Rastogi as his successor. In addition, the Parag Parikh Flexi Cap Fund will now offer an Income Distribution cum Capital Withdrawal (IDCW) option, alongside the existing growth option. This new feature allows investors to choose between Payout and Reinvestment, with growth as the default selection.
To accommodate unitholders who may not agree with these changes, a 30-day exit window has been opened from October 1 to October 30, 2025. During this period, unitholders can redeem or switch units without incurring any exit load.
The resignation of Himanshoo Bohara and the introduction of the IDCW option mark significant changes for PPFAS Mutual Fund. The 30-day exit window provides unitholders with flexibility to reassess their investments in light of these changes.
