PPFAS Mutual Fund plans to list by 2030, once all employee stock options are fully vested, said Chairman and CEO Neil Parikh at the 12th annual unitholders' meet in Mumbai. Listing earlier, he explained, would create a steep tax burden for employees, undermining the goal of broad-based ownership. Advertisement

The announcement comes amid speculation over a possible IPO, fuelled by rising valuations in the unlisted asset management space.

Separately, the fund house unveiled plans to launch a Largecap Fund aimed at investors seeking broad diversification, predictable returns, and low costs — without the high conviction or tracking error associated with active strategies.

“We launch funds only where we see a genuine investor need and meaningful differentiation. Largecap fits that princip

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