Parag Parikh ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 20-12-2024
₹ 32.18
1D
Inception Returns
24.1%
/yr
About Parag Parikh ELSS Tax Saver Fund Direct Growth
Parag Parikh ELSS Tax Saver Fund Direct Growth is an equity fund. This fund was started on 26 July, 2019. The fund is managed by Rajeev Thakkar, Raj Mehta, Raunak Onkar. The fund could potentially beat inflation in the long-run.
Key Parameters
- Parag Parikh ELSS Tax Saver Fund Direct Growth has ₹4274 Cr worth of assets under management (AUM) as on Nov 2024 and is more than category average.
- The fund has an expense ratio 0.6.
Returns
Parag Parikh ELSS Tax Saver Fund Direct Growth has given a CAGR return of 24.11% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 22.86%, 19.99% and 24.38% respectively.
Holdings
Parag Parikh ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Consumer Cyclical, Utilities, Energy, Consumer Defensive, Health, Corporate, Industrial, Basic Materials. Its top holdings are HDFC Bank Ltd, Bajaj Holdings and Investment Ltd, Power Grid Corp Of India Ltd, Coal India Ltd, ITC Ltd
Taxation
As it is a elss (tax savings) mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Parag Parikh ELSS Tax Saver Fund Direct Growth
The investment objective of the Scheme is to generate long-term capital appreciation through a diversified portfolio of equity and equity related instruments. (80% of total assets in accordance with Equity Linked Saving Scheme, 2005 notified by Ministry of Finance) However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 1000.00. There is a lock in period for Parag Parikh ELSS Tax Saver Fund Direct Growth of 3 Years
Historical NAV & Returns
Annualised
▲
▼
19987 people have invested ₹ 8.7Cr in Parag Parikh ELSS Tax Saver Fund Direct Growth in the last three months
INDmoney Rank for Parag Parikh ELSS Tax Saver Fund Direct Growth
Powered by IND quant engine
3
/23
43% Performance
88% Risk Management
92% Cost
3 out of 23 among elss (tax savings)
Lower volatility within category
Lower probablity of downside risk
Protects capital during bear phase
Underperforms benchmarks during bull run
Parag Parikh ELSS Tax Saver Fund Direct Growth Overview
| Expense ratio | 0.62% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹4274 Cr |
| Inception Date | 26 July, 2019 |
| Min Lumpsum/SIP | ₹500/₹1000 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 9.46% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (20-Dec-24)
Fund Distribution
as on (30-Nov-24)
Large cap
69.6%
Small cap
7.8%
Mid cap
3.9%
Sector Allocation
Financial Services
38.8%
Tech
18%
Consumer Cyclical
13%
Utilities
9.1%
Energy
8.3%
Consumer Defensive
7.5%
Health
4.1%
Industrial
1%
Basic Materials
0.3%
All changes are between Sep'24 and Nov'24
- This fund’s returns stands at 0.49% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.60% as on Nov'24
- This fund outperformed Nifty 500 by 1.09% in Nov'24
- AUM of the fund stands at 4.3K Cr as of Nov'24
- AUM has remained same between Nov'24 and Oct'24
Top Stocks sold last month
Dr Reddy's Laboratories Ltd's allocation decreased from 1.01 % to 0.98 %
Mid Cap allocation has gone down from 4.4% to 3.9%
Large Cap allocation has gone up from 68.4% to 69.6%
Small Cap allocation has gone down from 8.5% to 7.8%
Debt allocation has gone down from 1.7% to 0.5%
Cash allocation has gone up from 17% to 18.1%
Top 3 Sectors in November were Financial Services, Tech & Consumer Cyclical
Nov'24
Financial Services
39%
Tech
18%
Consumer Cyclical
13%
Oct'24
Financial Services
39%
Tech
17%
Consumer Cyclical
14%
See all
Top Growth Drivers | 1M Return |
|---|---|
 HCL Technologies Ltd | 5.3% |
 Tata Consultancy Services Ltd | 4.9% |
 HDFC Bank Ltd | 3% |
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Rajeev Thakkar
Fund Manager of Parag Parikh ELSS Tax Saver Fund Direct Growth, since 26 July 2019
Top funds managed
Raj Mehta
Fund Manager of Parag Parikh ELSS Tax Saver Fund Direct Growth, since 26 July 2019
Top funds managed
Raunak Onkar
Fund Manager of Parag Parikh ELSS Tax Saver Fund Direct Growth, since 26 July 2019
Top funds managed
Fund House
PPFAS Asset Management Pvt. Ltd
Total Schemes
Total AUM
₹93.36K Cr
as on 29-Nov-2024
Address
PPFAS Asset Management Pvt. Ltd.,Great Western Building, 1st Floor,,130/132, S.B.S. Marg, Opp. Lion Gate,,Fort,
Phone
+912261406555
Website
swapnil@ppfas.com
Mutual Fund Insights
In the last 3 years, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 30.66% return, outperforming this fund by 10.67% per annum.
Over the last 6 months, this fund has experienced a 23.7% growth in AUM moving from 3.45K Cr to 4.27K Cr.
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 53% return, outperforming this fund by 30.13%.
Over the last 1 year, this fund has decreased expense ratio by 19.5% moving from 0.77 to 0.62.
This fund has one of the lowest expense ratio in the category (elss (tax savings)). Its expense ratio is 0.62% which is lower than the category average expense ratio of 1.28%.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 32.24% return, outperforming this fund by 7.86% per annum.
Parag Parikh ELSS Tax Saver Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 24.11% since inception which is more than its category average return of 15.66%
Fund Allocations
This fund has an allocation of 81.37% in Equity, 0.53% in Debt and 18.1% in Cash related instruments
AUM size ₹4274 Cr
This fund has AUM of ₹4274 Cr which is more than its category average of ₹ 3948 Cr
Expense Ratio 0.62%
This fund has an expense ratio of 0.62% which is less than its category average expense ratio of 1.45%
Frequently Asked Questions for Parag Parikh ELSS Tax Saver Fund Direct Growth
The current NAV of Parag Parikh ELSS Tax Saver Fund Direct Growth is ₹32.18 as on 20-Dec-2024.
Existing (Absolute + CAGR) as on 20-Dec-2024.
Parag Parikh ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.82% | 0.82% |
6 Month Returns | 7.12% | 7.12% |
1 Year Returns | 22.86% | 22.86% |
3 Years Returns | 72.75% | 19.99% |
5 Years Returns | 197.63% | 24.38% |
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0.62% as on November 2024
₹4274 Cr as on November 2024
HDFC Bank Ltd(8.5%), Bajaj Holdings and Investment Ltd(8.22%), Power Grid Corp Of India Ltd(7.13%), Coal India Ltd(6.65%), ITC Ltd(5.69%) as on November 2024
Financial Services(31.53%), Tech(14.67%), Consumer Cyclical(10.56%) as on November 2024
The alpha ratio for the Parag Parikh ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Parag Parikh ELSS Tax Saver Fund Direct Growth | 4.58 | 5.81 | 7.62 |
As on November 2024
The alpha for Parag Parikh ELSS Tax Saver Fund Direct Growth is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Parag Parikh ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Parag Parikh ELSS Tax Saver Fund Direct Growth | 0.73 | 0.67 | 0.72 |
As on November 2024
The Beta for Parag Parikh ELSS Tax Saver Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Parag Parikh ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Parag Parikh ELSS Tax Saver Fund Direct Growth | 1.78 | 1.29 | 1.19 |
As on November 2024
The sharpe ratio for Parag Parikh ELSS Tax Saver Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Parag Parikh ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Parag Parikh ELSS Tax Saver Fund Direct Growth | 10.08 | 10.07 | 15.29 |
As on November 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 2.42 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.5 as on November 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Rajeev Thakkar, Raj Mehta, Raunak Onkar are the fund managers of Parag Parikh ELSS Tax Saver Fund Direct Growth
The Exit load of Parag Parikh ELSS Tax Saver Fund Direct Growth is 0%