India's Best Fund Managers 2020

Rajeev Thakkar, PPFAS Mutual Fund | India's Best Fund Managers

Rajeev Thakkar, CIO, PPFAS MF, chases opportunities across borders but maintains an expansive checklist

Faisal Magray

In hindsight, it seems I timed things quite well,” quips Rajeev Thakkar, the soft-spoken, low-key CIO of Parag Parikh Financial Advisory Services (PPFAS) Mutual Fund. He ranks fifth in the five-year category, in the annual best fund manager ranking compiled by Outlook Business-Value Research. Thakkar has generated compounded return of 10.66%, managing assets worth Rs.24.24 billion as of December 31, 2019. But he plays it down saying, “The growth percentage looks high since our base is very, very low… Our equity fund is roughly Rs.27 billion today and our liquid fund included, we are at Rs.31 billion. In a Rs.27 trillion AUM (assets under management) industry, we are a rounding error.”