Parag Parikh ELSS Tax Saver Fund Direct Growth
NAV as on 27-03-2025
₹ 32.41
1D
Inception Returns
22.8%
/yr
Historical NAV & Returns
Absolute
▲
▼
20304 people have invested ₹ 12.7Cr 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 ₹4477 Cr worth of assets under management (AUM) as on Feb 2025 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 22.83% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 15.63%, 19.10% and 30.80% respectively.
Holdings
Parag Parikh ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Corporate, Consumer Cyclical, Tech, Energy, Utilities, Consumer Defensive, Health, Government, Industrial, Basic Materials. Its top holdings are Bajaj Holdings and Investment Ltd, HDFC Bank Ltd, Coal India Ltd, Power Grid Corp Of 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 | S&P BSE 200 India TR INR |
| AUM | ₹4477 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
97% Risk Management
79% 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 (27-Mar-25)
Fund Distribution
as on (28-Feb-25)
Large cap
70.5%
Small cap
7.9%
Mid cap
2.5%
Sector Allocation
Financial Services
38.4%
Consumer Cyclical
17.6%
Tech
16.2%
Energy
7.5%
Utilities
7.3%
Consumer Defensive
6.2%
Health
5.5%
Industrial
0.9%
Basic Materials
0.3%
All changes are between Dec'24 and Feb'25
- AUM of the fund stands at 4.5K Cr as of Feb'25
- AUM decreased by 29.3 Cr between Feb'25 and Jan'25
Top Stocks bought last month
Mahindra & Mahindra Ltd's allocation increased from 2.01% to 3.21%
Kotak Mahindra Bank Ltd's allocation increased from 3.19% to 4.34%
Maruti Suzuki India Ltd's allocation increased from 3.83% to 4.25%
Top Stocks sold last month
Bajaj Holdings and Investment Ltd's allocation decreased from 8.94 % to 8.76 %
Power Grid Corp Of India Ltd's allocation decreased from 6.77 % to 5.91 %
Maharashtra Scooters Ltd's allocation decreased from 5.02 % to 5.02 %
Large Cap allocation has gone up from 70.4% to 70.5%
Small Cap allocation has gone down from 8.2% to 7.9%
Mid Cap allocation has gone down from 3.5% to 2.5%
Debt allocation has gone down from 0.6% to 0.1%
Cash allocation has gone up from 17.2% to 18.8%
Top 3 Sectors in February were Financial Services, Corporate & Tech
Feb'25
Financial Services
38%
Corporate
29%
Consumer Cyclical
18%
Jan'25
Financial Services
38%
Corporate
32%
Tech
18%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Narayana Hrudayalaya Ltd | 9.3% |
 Axis Bank Ltd | 7.8% |
 HDFC Bank Ltd | 6.2% |
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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
₹99.61K Cr
as on 28-Feb-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
In the last 3 years, SBI Long Term Equity Fund Direct Growth has given 24.75% return, outperforming this fund by 5.65% 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 1.3%.
In the last 1 year, DSP ELSS Tax Saver Fund Direct Plan Growth has given 18.26% return, outperforming this fund by 2.63%.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 39.75% return, outperforming this fund by 8.95% per annum.
Over the last 1 year, this fund has decreased expense ratio by 14.9% moving from 0.74 to 0.63.
Over the last 6 months, this fund has experienced a 7.8% growth in AUM moving from 4.15K Cr to 4.47K 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 22.83% since inception which is more than its category average return of 14.48%
Fund Allocations
This fund has an allocation of 81.13% in Equity, 0.11% in Debt and 18.76% in Cash related instruments
AUM size ₹4477 Cr
This fund has AUM of ₹4477 Cr which is more than its category average of ₹ 4477 Cr
Expense Ratio 0.63%
This fund has an expense ratio of 0.63% which is less than its category average expense ratio of 1.4%
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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 ₹32.41 as on 27-Mar-2025.
Existing (Absolute + CAGR) as on 27-Mar-2025.
Parag Parikh ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.71% | 3.71% |
6 Month Returns | -5.83% | -5.83% |
1 Year Returns | 15.63% | 15.63% |
3 Years Returns | 68.95% | 19.1% |
5 Years Returns | 282.84% | 30.8% |
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0.63% as on February 2025
₹4477 Cr as on February 2025
Bajaj Holdings and Investment Ltd(8.76%), HDFC Bank Ltd(8.42%), Coal India Ltd(6.06%), Power Grid Corp Of India Ltd(5.91%), Maharashtra Scooters Ltd(5.02%) as on February 2025
Financial Services(31.18%), Consumer Cyclical(14.3%), Tech(13.18%) as on February 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 | 6.17 | 6.34 | 7.91 |
As on February 2025
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 | 0.65 | 0.72 |
As on February 2025
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 | 0.17 | 1.04 | 1.12 |
As on February 2025
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 | 11.52 | 10.29 | 15.45 |
As on February 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 1.85 as on February 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.77 as on February 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%