Parag Parikh ELSS Tax Saver Fund Direct Growth
NAV as on 17-04-2025
₹ 32.23
▲0.9%
1D
Inception Returns
22.6%
/yr
Historical NAV & Returns
Absolute
▲
▼
19446 people have invested ₹ 12.8Cr in Parag Parikh ELSS Tax Saver Fund Direct Growth in the last three months
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 Raj Mehta, Rajeev Thakkar, Raunak Onkar. The fund could potentially beat inflation in the long-run.
Key Parameters
- Parag Parikh ELSS Tax Saver Fund Direct Growth has ₹4906 Cr worth of assets under management (AUM) as on Mar 2025 and is less 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 22.64% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 14.98%, 18.20% and 28.44% respectively.
Holdings
Parag Parikh ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Corporate, Consumer Cyclical, Tech, Government, Utilities, Energy, Consumer Defensive, Health, Industrial, Basic Materials. Its top holdings are Bajaj Holdings and Investment Ltd, HDFC Bank Ltd, Power Grid Corp Of India Ltd, Coal India Ltd, Maharashtra Scooters 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 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
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
Parag Parikh ELSS Tax Saver Fund Direct Growth Overview
| Expense ratio | 0.63% |
Benchmark | Nifty 500 TR INR |
| AUM | ₹4906 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 |
INDmoney Rank for Parag Parikh ELSS Tax Saver Fund Direct Growth
Powered by IND quant engine
1
/23
50% Performance
99% Risk Management
80% Cost
1 out of 23 among elss (tax savings)
Consistently beats benchmark
Lower volatility within category
Lower probablity of downside risk
Underperforms benchmarks during bull run
Trailing Returns
as on (17-Apr-25)
Fund Distribution
as on (31-Mar-25)
Large cap
69.4%
Small cap
8.7%
Mid cap
2.3%
Sector Allocation
Financial Services
38.4%
Consumer Cyclical
18%
Tech
15.8%
Utilities
7.8%
Energy
7.4%
Consumer Defensive
6%
Health
5.5%
Industrial
0.8%
Basic Materials
0.4%
All changes are between Jan'25 and Mar'25
- This fund’s returns stands at 5.36% whereas the fund’s underlying benchmark Nifty 500 returns stands at 7.25% as on Mar'25
- This fund underperformed Nifty 500 by 1.89% in Mar'25
- AUM of the fund stands at 4.9K Cr as of Mar'25
- AUM increased by 428.4 Cr between Mar'25 and Feb'25
Top Stocks bought last month
Maharashtra Scooters Ltd's allocation increased from 5.02% to 5.74%
Power Grid Corp Of India Ltd's allocation increased from 5.91% to 6.25%
Kotak Mahindra Bank Ltd's allocation increased from 4.34% to 4.52%
Top Stocks sold last month
Bajaj Holdings and Investment Ltd's allocation decreased from 8.76 % to 8.62 %
HDFC Bank Ltd's allocation decreased from 8.42 % to 8.11 %
Coal India Ltd's allocation decreased from 6.06 % to 5.96 %
Large Cap allocation has gone down from 70.5% to 69.4%
Small Cap allocation has gone up from 7.9% to 8.7%
Mid Cap allocation has gone down from 2.5% to 2.3%
Debt allocation has gone down from 0.1% to 0.1%
Cash allocation has gone up from 18.8% to 19.3%
Top 3 Sectors in March were Financial Services, Corporate & Consumer Cyclical
Mar'25
Financial Services
38%
Corporate
35%
Consumer Cyclical
18%
Feb'25
Financial Services
38%
Corporate
29%
Consumer Cyclical
18%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Bajaj Holdings and Investment Ltd | 8.62% | 0% | |
 HDFC Bank Ltd | 8.11% | 0% | |
 Power Grid Corp Of India Ltd | 6.25% | 0.1% | |
 Coal India Ltd | 5.96% | 0% | |
 Maharashtra Scooters Ltd | 5.74% | 3% |
See all
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
Parag Parikh ELSS Tax Saver Fund Direct Growth | 14.98% | 18.2% | 28.44% | 22.64% |
 LIC MF ELSS Tax Saver -Direct Plan Growth Option | 17.32% | 15.43% | 23.11% | 15.03% |
 DSP ELSS Tax Saver Fund Direct Plan Growth | 17.15% | 18.85% | 28.1% | 18.11% |
 SBI Long Term Equity Fund Direct Growth | 9.01% | 23.27% | 29.53% | 16.53% |
See all
Top Growth Drivers | 1M Return |
|---|---|
 Maharashtra Scooters Ltd | 19.5% |
 Power Grid Corporation of India Ltd | 14.4% |
 Bajaj Holdings & Investment Ltd | 0.2% |
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Raj Mehta
Fund Manager of Parag Parikh ELSS Tax Saver Fund Direct Growth, since 26 July 2019
Top funds managed
Rajeev Thakkar
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
₹1L Cr
as on 31-Mar-2025
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
Over the last 1 year, this fund has decreased expense ratio by 8.7% moving from 0.69 to 0.63.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 36.03% return, outperforming this fund by 7.59% per annum.
In the last 3 years, SBI Long Term Equity Fund Direct Growth has given 23.27% return, outperforming this fund by 5.08% per annum.
This fund has one of the lowest expense ratio in the category (elss (tax savings)). Its expense ratio is 0.63% which is lower than the category average expense ratio of 1.29%.
In the last 1 year, LIC MF ELSS Tax Saver -Direct Plan Growth Option has given 17.32% return, outperforming this fund by 2.34%.
Over the last 1 month, this fund has experienced a 9.6% growth in AUM moving from 4.47K Cr to 4.90K Cr.
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 22.64% since inception which is more than its category average return of 14.73%
Fund Allocations
This fund has an allocation of 80.6% in Equity, 0.1% in Debt and 19.31% in Cash related instruments
AUM size ₹4906 Cr
This fund has AUM of ₹4906 Cr which is less than its category average of ₹ 4910 Cr
Expense Ratio 0.63%
This fund has an expense ratio of 0.63% which is less than its category average expense ratio of 1.41%
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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 ₹32.23 as on 17-Apr-2025.
Existing (Absolute + CAGR) as on 17-Apr-2025.
Parag Parikh ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.48% | 4.48% |
6 Month Returns | -2.01% | -2.01% |
1 Year Returns | 14.98% | 14.98% |
3 Years Returns | 65.14% | 18.2% |
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0.63% as on March 2025
₹4906 Cr as on March 2025
Bajaj Holdings and Investment Ltd(8.62%), HDFC Bank Ltd(8.11%), Power Grid Corp Of India Ltd(6.25%), Coal India Ltd(5.96%), Maharashtra Scooters Ltd(5.74%) as on March 2025
Financial Services(30.93%), Consumer Cyclical(14.47%), Tech(12.74%) as on March 2025
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 | 7.79 | 6.58 | 10.05 |
As on March 2025
The alpha for Parag Parikh ELSS Tax Saver Fund Direct Growth is calculated against Nifty 500 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 | 0.72 | 0.65 | 0.64 |
As on March 2025
The Beta for Parag Parikh ELSS Tax Saver Fund Direct Growth is calculated with Nifty 500 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 | 0.68 | 1.11 | 1.89 |
As on March 2025
The sharpe ratio for Parag Parikh ELSS Tax Saver Fund Direct Growth is calculated with Nifty 500 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 | 12.21 | 10.53 | 11.82 |
As on March 2025
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 2.01 as on March 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.76 as on March 2025. It tells the consistency of the fund in generating superior risk-adjusted performance
Raj Mehta, Rajeev Thakkar, 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%