PPFAS Mutual Fund

PPFAS Asset Management Private Limited

Corporate Office: 81/82, 8th Floor, Sakhar Bhavan, Ramnath Goenka Marg, 230, Nariman Point, Mumbai 400 021.
Tel No.: 91-22-61406555 | Fax No.: 91-22-61406590 | Email: mf@ppfas.com | Website : www.amc.ppfas.com

Monthly Portfolio Statement of the Scheme/s of PPFAS MUTUAL FUND as on May 31, 2019

Name of the Scheme: Parag Parikh Long Term Equity Fund (An Open Ended Equity Scheme)
Market/ Fair
Sr.No. Name of the Instrument ISIN Industry + Quantity Value ( Rs. in % to NAV
Lakhs)

EQUITY & EQUITY RELATED

a) Listed / awaiting listing on Stock Exchanges
Core Equity
1 HDFC Bank Ltd INE040A01026 Banks 670,253.00 16,255.98 8.57%

2 Bajaj Holdings & Investment Ltd INE118A01012 Finance 370,081.00 12,939.51 6.82%

3 Hero Motocorp Ltd INE158A01026 Auto 362,666.00 9,720.36 5.12%

4 Persistent Systems Ltd INE262H01013 Software 1,506,388.00 8,766.42 4.62%

5 Axis Bank Ltd INE238A01034 Banks 841,179.00 6,799.25 3.58%

6 Balkrishna Industries Ltd INE787D01026 Auto Ancillaries 764,476.00 5,951.83 3.14%

7 ICICI Bank Ltd INE090A01021 Banks 1,400,467.00 5,933.78 3.13%

8 Zydus Wellness Ltd INE768C01010 Consumer Non Durables 396,938.00 5,248.91 2.77%

9 Mphasis Ltd(prev)Mphasis BFL Ltd INE356A01018 Software 509,711.00 5,065.76 2.67%

10 Maharashtra Scooters Ltd INE288A01013 Auto Ancillaries 107,222.00 4,607.06 2.43%

11 Lupin Ltd INE326A01037 Pharmaceuticals 484,000.00 3,608.46 1.90%

12 Dr.Reddys Laboratories Ltd INE089A01023 Pharmaceuticals 104,000.00 2,785.48 1.47%

13 Mahindra Holidays & Resorts India Ltd INE998I01010 Hotels, Resorts and Other Recreational Activities 1,223,273.00 2,778.05 1.46%

14 Indraprastha Gas Ltd INE203G01027 Gas 679,868.00 2,289.46 1.21%

15 IPCA Laboratories Ltd INE571A01020 Pharmaceuticals 236,663.00 2,220.25 1.17%

16 ICRA Ltd INE725G01011 Finance 65,649.00 1,938.32 1.02%

17 Sun Pharmaceuticals Industries Ltd INE044A01036 Pharmaceuticals 326,500.00 1,338.16 0.71%

Arbitrage
18 Housing Development Fin Corp Ltd INE001A01036 Finance 411,500.00 8,981.60 4.74%

19 Tata Steel Ltd INE081A01012 Ferrous Metal 934,741.00 4,564.34 2.41%

20 Maruti Suzuki India Ltd INE585B01010 Auto 64,950.00 4,461.97 2.35%

21 Century Textiles Industries Ltd. INE055A01016 Cement 341,400.00 3,504.81 1.85%

22 State Bank Of India Ltd INE062A01020 Banks 786,000.00 2,770.65 1.46%

23 Yes Bank Ltd INE528G01027 Banks 810,250.00 1,197.55 0.63%

24 YES BANK-27JUN2019 FUT # Banks -810,250.00 -1,182.15 -0.62%

25 SBIN-27JUN2019 FUT # Banks -786,000.00 -2,777.33 -1.46%

26 CENTURY TEX-27JUN2019 FUT # Cement -341,400.00 -3,507.54 -1.85%

27 MARUTI SUZUKI-27JUN2019 FUT # Auto -64,950.00 -4,466.77 -2.36%

28 TATA STEEL-27JUN2019 FUT # Ferrous Metals -934,741.00 -4,562.47 -2.41%

29 HDFC-27JUN2019 FUT # Finance -411,500.00 -9,007.12 -4.75%

Foreign Securities / ADRs / GDRs

30 Alphabet INC US02079K1079 Internet and Technology 22,681.00 17,703.34 9.33%

31 Suzuki Motor Corp (ADR) * US86959X1072 Auto 70,884.00 9,579.31 5.05%

32 Facebook INC US30303M1027 Internet and Technology 74,648.00 9,538.14 5.03%

33 Nestle SA-ADR * US6410694060 Packaged Foods 74,580.00 5,102.40 2.69%

34 Amazon Com INC US0231351067 Consumer Services 3,388.00 4,296.42 2.27%

35 3M CO US88579Y1010 Industrial Conglomerates 29,908.00 3,353.12 1.77%

36 CUR_USDINR-29JUL2019 FUT # Misc. -750,000.00 -526.20 -0.28%

37 CUR_USDINR-26JUN2019 FUT # Misc. -53,900,000.00 -37,678.80 -19.87%

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 b) Unlisted Nil Nil Nil

Total 173,300.70 91.37%

DEBT INSTRUMENTS
Listed / awaiting listing on Stock Exchanges Nil Nil
Privately Placed / Unlisted Nil Nil
Securitized Debt Instruments Nil Nil

MONEY MARKET INSTRUMENTS

Bills Rediscounting Nil Nil
Commercial Papers (CP) / Certificate Of Deposit (CD) Nil Nil
Treasury Bills Nil Nil
Tri-Party Repo 11,926.11 6.29%
FIXED DEPOSIT
HDFC Bank Ltd. (maturity not exceeding 91 days) 900.00 0.47%
TERM DEPOSITS PLACED AS MARGIN
HDFC Bank Ltd. (maturity not exceeding 91 days) 2,999.98 1.58%

OTHERS
Cash Margin for Derivative Transactions 1,035.14 0.55%
Total 16,861.23 8.89%

NET RECEIVABLE / PAYABLE -496.03 -0.26%

Grand Total 189,665.90 100.00%

Notes:
(1) Total NPAs provided for and its percentage to NAV: Nil
(2) Total value and percentage of illiquid Equity Shares: Nil
(3) Plan wise per unit Net Asset Value are as follows:
Plan / Option May 02, 2019 (Rs.) May 31, 2019 (Rs.)
Direct Plan 25.8902 25.8935
Regular Plan 25.0615 25.0495
Face Value per unit = Rs.10/-
(4) No Dividend declared during the period ended May 31, 2019
(5) No Bonus declared during the period ended May 31, 2019
(6) Total outstanding exposure in derivative instruments as on May 31, 2019: Rs.(6,370,838,679.60)
For details on derivatives positions for the period ended May 31, please refer to derivatives disclosure table
(7) Total investment in Foreign Securities / ADRs / GDRs as on May 31, 2019: Rs.4,957,272,300.09
(8) Total Commission paid in the month of May 2019:2,702,890.25
(9) Total Brokerage paid for Buying/ Selling of Investment for May 2019 is Rs.1,566,018.47
(10) Portfolio Turnover Ratio (Including Equity Arbitrage): 221.16%
(11) Portfolio Turnover Ratio (Excluding Equity Arbitrage):4.25%
(12) Repo in Corporate Debt: Nil

# Derivative Position
+ Industry Classification as recommended by AMFI
* Traded on US OTC Markets

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 PPFAS Mutual Fund

PPFAS Asset Management Private Limited

Corporate Office: 81/82, 8th Floor, Sakhar Bhavan, Ramnath Goenka Marg, 230, Nariman Point, Mumbai 400 021.
Tel No.: 91-22-61406555 | Fax No.: 91-22-61406590 | Email: mf@ppfas.com | Website : www.amc.ppfas.com

Parag Parikh Long Term Equity Fund (An Open Ended Equity Scheme)

DETAILS OF INVESTMENT IN DERIVATIVE INSTRUMENTS OF PARAG PARIKH LONG TERM EQUITY FUND AS ON MAY 31,
2019

A. Hedging Positions through Futures as on May 31, 2019

Sr. No. Underlying Long / Short Future Price when Current Price of the Margin maintained
Purchased Contract (Rs. In lakhs)

(a) Equity Future

1 CENTURYTEX27JUN2019 -341,400 1,048.84 1,027.40
2 HDFC27JUN2019 -411,500 2,171.30 2,188.85
3 MARUTI27JUN2019 -64,950 7,130.45 6,877.25
4 SBIN27JUN2019 -786,000 359.14 353.35
5 TATASTEEL27JUN2019 -934,741 503.14 488.10 1,035.14
6 YESBANK27JUN2019 -810,250 151.27 145.90
(b) Currency Future
1 CUR_USDINR-26JUN2019 FUT -53,900,000 69.99 69.91
2 CUR_USDINR-29JUL2019 FUT -750,000 70.23 70.16

Total %age of existing assets hedged through futures: 13.43%

Note: In addition to this, 26.14% of our Portfolio is in Foreign Securities (USD) and 1.29% is in Foreign Currency (USD). 73.44% of total Foreign Portfolio
(USD) is hedged through Currency Derivatives to avoid currency risk.

For the month of May 31, 2019 following were the Hedging transactions through futures which have been squared off / expired:

Sr. No. Total Number of contracts where Total Number of Gross Notional Value Gross Notional Value Net Profit/(Loss)
futures were bought contracts where of Contracts where of Contracts where value on all
futures were sold futures were bought futures were sold Contracts combined
(Rs.in lakhs) (Rs.in lakhs) (Rs.in lakhs)

1 57,764 57,764 63,399.60 63,350.03 (49.57)

Note: Derivatives positions are taken to hedge against currency fluctuation and towards arbitrage trades.

B. Other than Hedging Position through Future as on May 31, 2019: Nil

C. Hedging Position through Put Options as on May 31, 2019: Nil

D. Other than Hedging Position through Options as on May 31, 2019: Nil

E. Hedging Positions through swaps as on May 31, 2019: Nil

Statutory Information: PPFAS Mutual Fund has been set up as a Trust and Settlor/ Sponsor is Parag Parikh Financial Advisory Services
Private Limited. Trustees: PPFAS Trustee Company Private Limited. Investment Manager: PPFAS Asset Management Private Limited.

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Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

Page 4 /13
-49.57

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 Liquid Portfolio

PPFAS Mutual Fund

PPFAS Asset Management Private Limited

Corporate Office: 81/82, 8th Floor, Sakhar Bhavan, Ramnath Goenka Marg, 230, Nariman Point, Mum
Tel No.: 91-22-61406555 | Fax No.: 91-22-61406590 | Email: mf@ppfas.com | Website : www.amc.

Monthly Portfolio Statement of the Scheme/s of PPFAS MUTUAL FUND as on May 31,

Name of the Scheme: Parag Parikh Liquid Fund (An Open Ended Liquid Scheme)

Sr.No. Name Of the Instrument ISIN Industry /Rating

A DEBT INSTRUMENTS
(i) Listed / awaiting listing on Stock Exchanges
(ii) Privately Placed / Unlisted
(iii) Securitized Debt Instruments
Total (A)

B MONEY MARKET INSTRUMENTS

(i) Government Securities
07.28% GOVT STOCK - 03/06/2019 IN0020130038 Sovereign
7.86% RAJASTHAN SDL 2019 23/06/2019 IN2920160057 Sovereign
Total (B)
(ii) Commercial Papers (CP) / Certificate Of Deposit (CD)
IOCL CP 17 Jun 2019 INE242A14LH5 ICRA A1+
HDFC Ltd CP 27 Jun 2019 INE001A14UD5 ICRA A1+
NTPC LTD CP 12 Jul 2019 INE733E14369 ICRA A1+
NABARD CP 31 Jul 2019 INE261F14FM6 ICRA A1+
Total of CP & CD
(iii) Treasury bills
91 Days T Bill - 11 07 2019 IN002019X029 Sovereign
182 Days T Bill - 06 06 2019 IN002018Y367 Sovereign
91 Days T Bill - 04 07 2019 IN002019X011 Sovereign
91 Days T Bill - 01 08 2019 IN002019X052 Sovereign
182 Days T Bill - 15 08 2019 IN002018Y466 Sovereign
91 Days T Bill - 22 08 2019 IN002019X086 Sovereign
91 Days T Bill - 29 08 2019 IN002019X094 Sovereign
91 Days T Bill - 13 06 2019 IN002018X542 Sovereign
91 Days T Bill - 27 06 2019 IN002018X567 Sovereign
91 Days T Bill - 18 07 2019 IN002019X037 Sovereign
364 Days T Bill - 25 07 2019 IN002018Z174 Sovereign
182 Days T Bill - 08 08 2019 IN002018Y458 Sovereign
Total of T-Bills
(iv) Tri-Party Repo ^
Total (B)

C TERM DEPOSITS PLACED AS MARGIN ^

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 Liquid Portfolio
HDFC Bank Ltd. (91 Days FD - MD 18 Jun 2019)
HDFC Bank Ltd. (368 Days FD - MD 04 Oct 2019)

Total (C)

D OTHERS ^
Net Current Assets

Total (D)

Grand Total (A+B+C+D)

Notes:
(1) Total NPAs provided for and its percentage to NAV: Nil

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 Liquid Portfolio
(2) Option wise per unit Net Asset Value and Dividend History are as follows:

Options
Direct Plan
Parag Parikh Liquid Fund-Direct Plan Growth
Parag Parikh Liquid Fund-Direct Plan Daily Dividend
Parag Parikh Liquid Fund-Direct Plan Weekly Dividend
Parag Parikh Liquid Fund-Direct Plan Monthly Dividend
Regular Plan
Parag Parikh Liquid Fund-Regular Plan Growth
Parag Parikh Liquid Fund-Regular Plan Daily Dividend
Parag Parikh Liquid Fund-Regular Plan Weekly Dividend
Parag Parikh Liquid Fund-Regular Plan Monthly Dividend

(3) Dividend:
RECORD DATE DAILY DIVIDEND (DIRECT) DIVIDEND PER DIVIDEND PER
UNIT(HUF & UNIT(OTHERS)
INDIVIDUALS)
05/19 LFDDZ 3.71124147 3.43662896

RECORD DATE DAILY DIVIDEND (REGULAR) DIVIDEND PER DIVIDEND PER

UNIT(HUF & UNIT(OTHERS)
INDIVIDUALS)
05/19 LFDD 3.64873211 3.37874490

RECORD DATE WEEKLY DIVIDEND (DIRECT) DIVIDEND PER DIVIDEND PER

UNIT(HUF & UNIT(OTHERS)
INDIVIDUALS)
2019-05-06 LFWDZ 0.70983157 0.65730772
2019-05-13 LFWDZ 0.82485207 0.76381731
2019-05-20 LFWDZ 0.84696933 0.78429801
2019-05-27 LFWDZ 0.85796945 0.79448417

RECORD DATE WEEKLY DIVIDEND (REGULAR) DIVIDEND PER DIVIDEND PER

UNIT(HUF & UNIT(OTHERS)
INDIVIDUALS)
2019-05-06 LFWD 0.69810216 0.64644623
2019-05-13 LFWD 0.81101563 0.75100470
2019-05-20 LFWD 0.83322413 0.77156988
2019-05-27 LFWD 0.84410296 0.78164373

RECORD DATE MONTHLY DIVIDEND (DIRECT) DIVIDEND PER DIVIDEND PER

UNIT(HUF & UNIT(OTHERS)
INDIVIDUALS)
2019-05-27 LFMDZ 3.25162464 3.01102133

RECORD DATE MONTHLY DIVIDEND (REGULAR) DIVIDEND PER DIVIDEND PER

UNIT(HUF & UNIT(OTHERS)
INDIVIDUALS)
2019-05-27 LFMD 3.19817463 2.96152635

For more details on Dividend history visit our website on following path: https://amc.ppfas.com/schemes/parag-parikh-liq
Face Value per unit = Rs.1000/-
(4) No Bonus declared during the period ended May 31, 2019

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 Liquid Portfolio
(5) Total outstanding exposure in derivative instruments as on May 31, 2019: Nil
(6) Total investment in Foreign Securities / ADRs / GDRs as on May 31, 2019: Nil
(7) Details of transactions of "Credit Default Swap" for half year ended May 31, 2019 : Nil.
(8) Repo in Corporate Debt: Nil
(9) Portfolio Classification by Asset Class(%) :
T Bills
Goverment Securities
Commercial Papers (CP) / Certificate Of Deposit (CD)
Cash,Cash Equivalents and Net Current Assets including CBLO

(10) Portfolio Classification by Rating Class(%) :

Sovereign
A1+
Cash,Cash Equivalents and Net Current Assets including CBLO

(11) Average Portfolio Maturity : 33.96

(12) There is no Thinly Traded/Non Traded Securities for the period.

^ Cash and Cash Equivalents

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 Liquid Portfolio

Limited
arg, 230, Nariman Point, Mumbai 400 021.
as.com | Website : www.amc.ppfas.com

TUAL FUND as on May 31, 2019

pen Ended Liquid Scheme)

Market/ Fair
Quantity Value (Rs. in % to NAV
Lacs.)

Nil Nil
Nil Nil
Nil Nil
0.00 0.00

1,000,000 1,000.05 3.73

1,000,000 1,000.56 3.73
2,000.60 7.46

500,000 498.53 1.86

500,000 497.68 1.86
500,000 496.19 1.85
500,000 494.77 1.84
1,987.17 7.41

2,000,000 1,986.18 7.41

1,500,000 1,498.75 5.59
1,500,000 1,491.48 5.56
1,500,000 1,484.86 5.54
1,500,000 1,481.55 5.52
1,500,000 1,479.72 5.52
1,500,000 1,478.02 5.51
1,000,000 997.99 3.72
1,000,000 995.56 3.71
1,000,000 991.96 3.70
1,000,000 990.91 3.69
1,000,000 988.76 3.69
15,865.75 59.16
7,602.52 28.35
27,456.04 102.37

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 Liquid Portfolio
100.00 0.37
100.00 0.37

200.00 0.75

-835.93 -3.12

-835.93 -3.12

26,820.10 100.00

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 Liquid Portfolio

May 2, 2019 May 31, 2019

(Rs.) (Rs.)

1063.2669 1068.4031
1000.2000 1000.2000
1001.3262 1001.6557
1003.3270 1003.6569

1062.1084 1067.1543
1000.2000 1000.2000
1001.3209 1001.6446
1003.3217 1003.6460

20.23584015 18.73849329
20.23584015 18.73849329
com/schemes/parag-parikh-liquid-fund/dividend/ 0.00000000 0.00000000

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 Liquid Portfolio

59.16%
7.46%
7.41%
25.97%

66.62%
7.41%
25.97%

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