PPFAS Asset Management Pvt Ltd, the asset management company of PPFAS Mutual Fund, traces its roots to Parag Parikh Financial Advisory Services Ltd founded in 1992 by the late Mr. Parag Parikh, with the AMC established around 2012–13 and currently led by Neil Parikh as Chairman and CEO. As of March 2024, PPFAS managed over ₹64,300 crore across six schemes, and in May 2025 its flagship Parag Parikh Flexi Cap Fund crossed the ₹1 lakh crore AUM mark, becoming India’s largest actively managed equity flexi-cap fund, highlighting strong investor trust and scalability. The company follows an asset-light business model, generating revenue primarily through mutual fund management fees linked to AUM, along with advisory, commission, and interest income, which together create a diversified and stable revenue base. With incremental AUM adding directly to topline with minimal cost increases, PPFAS benefits from high operating leverage, strong margins, and long-term profitability, supported by consi...