New Delhi, Nov. 25 -- As a fund house, PPFAS (Parag Parikh Financial Advisory Services) Mutual Fund has long avoided the industry trend of launching frequent schemes to chase assets- an otherwise common practice in the mutual fund (MF) industry.

That's why its announcement of a proposed large-cap fund drew unusual attention, with investors questioning how it would stand apart when all large-cap funds draw from the same top 100 stocks by market capitalization.

At its unitholders' meeting on 22 November, the fund house finally laid out the fund's strategy, positioning and what it will-and will not-attempt to do.

According to PPFAS MF, the proposed large-cap fund is not meant for investors seeking concentrated sector bets or active stock ...