PPFAS MF November 2025 portfolio: What it means for long-term investors

Parag Parikh Financial Advisory Services (PPFAS) Mutual Fund, known for its disciplined and value-oriented approach, maintained its characteristic strategic equity allocation in November 2025. The fund’s allocation highlights consistency in strategy despite shifting market conditions.

As per ACE MF November 2025 data, domestic equities accounted for 63.7% of the fund’s total assets of ₹1,48,568 crore.

1. The aggregate portfolio maintains a primary focus on equities, with total holdings across both domestic and international markets.

Domestic equities lead the allocation, accounting for ₹94,633.81 crore, or 63.70 % of the total AUM. This figure is closely followed by overseas equities, which represent ₹14,935.39 crore, or 10.05%, underscoring the fund house’s unique global diversification strategy.

Additionally, investments in REITs & InvITs make up a smaller portion, totaling ₹1,212.74 crore (0.82 %).

2. A significant part of the portfolio is dedicated to defensive and fixed-income assets, positioning the fund strategically amid prevailing market valuations.

The largest component of this defensive block is Certificate of Deposit (CD), holding ₹16,287.04 crore or 10.96%. This is complemented by ₹11,782.24 crore (7.93%) held in Cash & Cash Equivalents, providing ample liquidity for opportunistic deployment.

3. The remainder of the fixed-income allocation is distributed across various high-quality instruments: Government Securities account for ₹3,307.12 crore(2.23%). Commercial Paper (CP) holds ₹2,787.84 crore (1.88%). Treasury Bills make up ₹1,967.59 crore (1.32%). Corporate Debt has a modest exposure of ₹598.53 crore (0.40%).

4. The final minor allocations include ₹1,038.44 crore (0.70%) in Domestic Mutual Fund Units and a nominal amount of ₹17.64 crore (0.01%) in Alternative Investment Fund (AIF) units.

PPFAS Mutual Fund – Asset Allocation (November 2025)

What it means for long-term investors

For long-term investors, this portfolio shows a steady and consistent approach. It leans on equities for growth, adds global exposure for balance, and keeps enough liquidity to handle market ups and downs without changing its core strategy.