PPFAS Mutual Fund CFO Resigns; IDCW Option Introduced in Parag Parikh Flexi Cap Fund

PPFAS Mutual Fund has announced two key updates. First, the resignation of Mr Himanshoo Bohara, Chief Financial Officer (CFO) and Whole-Time Director of PPFAS Asset Management, effective September 29, 2025. Second, the introduction of an Income Distribution cum Capital Withdrawal (IDCW) option in its flagship scheme, the Parag Parikh Flexi Cap Fund.

As of September 2025, PPFAS manages assets worth ₹1,31,785.5 crore, with the Flexi Cap Fund being one of its most popular offerings, known for its long-term value investing approach.

Change in Parag Parikh Flexi Cap Fund: IDCW Option Added

Until now, the Parag Parikh Flexi Cap Fund was available only with Growth options across both direct and regular plans. With this update, the fund will now also include an IDCW option, providing unitholders with additional flexibility.

Under this IDCW facility, investors will be able to choose between:

• Payout of IDCW – receiving income directly
• Reinvestment of IDCW – reinvesting distributions back into the fund

The Growth option will remain the default choice for investors.

SEBI-Mandated Exit Window

Since this change alters the fundamental attributes of the scheme, SEBI regulations require that investors unwilling to continue with the new terms be offered an exit option. Accordingly, PPFAS has announced a 30-day exit window, running from October 1 to October 30, 2025. During this period, unitholders can redeem or switch units without an exit load.

Conclusion

The resignation of Mr Himanshoo Bohara marks a leadership change at PPFAS AMC. At the same time, the addition of the IDCW option in the Parag Parikh Flexi Cap Fund provides investors with greater flexibility in managing their returns. For long-term investors aligned with the fund’s value-driven philosophy, this update may enhance choice without altering the core strategy of the scheme.

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