PPFAS Long Term Value Fund: Performance Through Market Cycles

The Core Philosophy

PPFAS Flexi Cap Fund has long been an outlier in the Indian mutual fund industry. Unlike peers who hug the benchmark, this fund follows a distinct value-investing philosophy.

“We buy businesses, not tickers. Our time horizon is measured in years, not quarters.”

Drawdown Protection

• 2020 Crash: While the Nifty 50 fell ~38%, PPFAS limited losses to ~29%.
• 2022 Correction: During the tech sell-off, the fund’s international exposure acted as a drag.

Conclusion

For the patient investor, the data suggests that the fund’s strategy of “low churn, high conviction” works.