PPFAS Mutual Fund announces appointment of Tejas Soman as CIO - Debt

PPFAS Mutual Fund has appointed Tejas Soman as its Chief Investment Officer - Debt, a move aimed at strengthening the fund house’s fixed income capabilities as it seeks to expand in the segment, the fund house said in a release.

Soman, who has spent over 12 years in the debt markets, joins from SBI Funds Management Pvt. Ltd., where he managed a range of fixed income portfolios. He has also worked with Yes Bank in its primary dealership unit, STCI Primary Dealership, and PricewaterhouseCoopers in tax and regulatory advisory, the release said.

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"I welcome Tejas to our PPFAS family. His leadership will be crucial as we continue building thoughtful debt strategies for our investors,” said Neil Parag Parikh, Chairman and CEO of PPFAS Mutual Fund.

"From a very small base of a liquid fund on the fixed income side, PPFAS's offerings now include hybrid funds as well. Tejas coming on board our investment team to oversee the Fixed Income segment brings greater focus to both the Fixed Income segment as well as the Equity segment. We will work closely as a team to enable clients to reach their financial goals via prudent fund management,” said Rajeev Thakkar, Chief Investment Officer and Director, PPFAS Mutual Fund.

"The strength of PPFAS Mutual Fund lies in its core belief of simplicity and transparency. I am confident that, together, we will remain steadfast in our fiduciary responsibility of managing money through disciplined processes and a strong risk management approach,” said Soman about his new role.

The fund house’s current product line-up comprises Parag Parikh Flexi Cap Fund (An open-ended dynamic equity scheme investing across large cap, mid cap, small cap stocks), Parag Parikh ELSS Tax Saver Fund (An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit), Parag Parikh Conservative Hybrid Fund (An open-ended hybrid scheme investing predominantly in debt instruments).

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Parag Parikh Dynamic Asset Allocation Fund (An open ended dynamic asset allocation fund), Parag Parikh Arbitrage Fund (An open ended scheme investing in arbitrage opportunities), and Parag Parikh Liquid Fund (An open ended liquid scheme with a relatively low interest rate risk and relatively low credit risk), are some of the other offerings by the fund house.

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