# PPFAS CIO warns equity investors seeking FD-like certainty 2026-08-08T14:08:44+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet PPFAS Asset Management CIO Rajeev Thakkar has told unitholders that investors seeking fixed-deposit-like certainty from equity investments should reconsider their expectations. "The only way to guarantee a bank FD return is to make a bank FD," Thakkar said in a note, as he addressed concerns over the recent subdued performance of the Parag Parikh Flexi Cap Fund. Thakkar pointed out that equity returns come with volatility and that the possibility of higher returns is tied to accepting that uncertainty. He noted that the fund's cash allocation, which had peaked at around 25% during market exuberance in 2024, has fallen to about 14-15% as valuations moderate in parts of the market. PPFAS expects to deploy more cash as attractive opportunities emerge. ## Coverage - businesstoday.in - livemint.com Tags: equity investing, fixed deposits, flexi cap fund, market volatility, PPFAS, Rajeev Thakkar Canonical: https://indianopinion.org/ppfas-cio-rajeev-thakkar-no-fd-like-returns-in-equities/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/ppfas-cio-rajeev-thakkar-no-fd-like-returns-in-equities/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.