PPFAS Mutual Fund Appoints Vikas Gandhi as Chief Financial Officer

Mumbai, November 4, 2025 : PPFAS Mutual Fund, today, announced the appointment of Vikas Gandhi
as its new Chief Financial Officer (CFO), effective November 4, 2025.

Gandhi brings with him over 23 years of experience in
finance and accounting across the banking, mutual fund, insurance, and
financial services sectors. Prior to joining PPFAS Mutual Fund, he served as
Head – Finance & Accounts at Mirae Asset Mutual Fund and Group Companies.

Welcoming him, Neil Parag Parikh, Chairman
and CEO of PPFAS Mutual Fund, said, “We are excited to welcome Vikas to the
PPFAS family. His strong understanding of financial markets and regulatory
frameworks, along with his leadership skills, will be invaluable as we continue
to grow and evolve our business.”

As CFO, Gandhi will lead the company’s financial
strategy, including planning, budgeting, risk management, and treasury
operations. He will also focus on strengthening financial governance and
operational efficiency.

Commenting on his appointment, Gandhi said, “I am
honoured to join PPFAS Mutual Fund, an organisation known for its principled
approach and investor focus. I look forward to working with the team to drive
our strategic goals.”

A Chartered Accountant, Gandhi has previously worked
with several leading institutions, including Nippon India Mutual Fund, L&T
Mutual Fund, L&T Finance, ICICI Bank, Trust Investment Advisors, Reliance
Money Express, and Reliance Insurance Broking.

About PPFAS Mutual Fund:

PPFAS Mutual Fund (PPFAS MF) sponsored by Parag Parikh
Financial Advisory Services Ltd. (PPFAS Ltd.), a boutique investment advisory
firm incorporated in 1992. The Sponsor was among India’s earliest SEBI
Registered Portfolio Management Service (PMS) providers, having secured a
license in 1996. PPFAS Asset Management Private Limited (Investment Manager to
PPFAS Mutual Fund) is led by Mr. Neil Parag Parikh, the Chairman and CEO, since
May 2015. Before that, it was led by the Founder, (Late) Mr. Parag S. Parikh.

Disclaimer: In the preparation of the material
contained in this document, the Asset Management Company (AMC) has used
information that is publicly available, including information developed
in-house. Information gathered and material used in this document is believed
to be from reliable sources. We have included statements / opinions /
recommendations in this document, which contain words, or phrases such as
“will”, “expect”, “should”, “believe”
and similar expressions or variations of such expressions that are
“forward looking statements”. Actual results may differ materially
from those suggested by the forward looking statements due to risk or
uncertainties associated with our expectations with respect to, but not limited
to, exposure to market risks, general economic and political conditions in
India and other countries globally, which have an impact on our services and /
or investments, the monetary and interest policies of India, inflation,
deflation, unanticipated turbulence in interest rates, foreign exchange rates,
equity prices or other rates or prices etc. The AMC, the Mutual Fund, the trust
and any of its officers, directors, personnel, and employees, shall not be
liable for any loss, damage of any nature, including but not limited to direct,
indirect, punitive, special, exemplary, consequential, as also any loss of
profit in any way arising from the use of this material in any manner. The
recipient alone shall be fully responsible/are liable for any decision taken on
this material. 

Please click here for latest information on Product
label of Schemes: https://amc.ppfas.com/statutory-disclosures/product-labelling/

Sponsor: Parag Parikh Financial Advisory Services
Limited. [CIN: U67190MH1992PLC068970], 

Trustee: PPFAS Trustee Company Private Limited. [CIN:
U65100MH2011PTC221203], Investment Manager (AMC): PPFAS Asset Management
Private Limited. 

[CIN: U65100MH2011PTC220623]

Address: PPFAS Mutual Fund, 81/82, 8th Floor, Sakhar
Bhavan, Ramnath Goenka Marg, 230, Nariman Point, Mumbai – 400 021. Board line
No: 022 6140 6555

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