PPFAS Introduces Low-Cost Large-Cap Fund Benchmarked to Nifty 100

Parag Parikh Mutual Fund announced a new low-cost large-cap scheme designed for passive investors seeking index-like performance at reduced expense ratios. The fund will track the Nifty 100 index and aims to provide broad exposure to high-quality blue-chip companies. According to the fund house, the launch targets investors looking for simplicity and long-term wealth-building without active risk.