Parag Parikh ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 21-11-2024
₹ 31.78
▲0.2%
1D
Inception Returns
24.4%
/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 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 ₹4274 Cr worth of assets under management (AUM) as on Oct 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 24.35% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 27.68%, 18.24% and 24.25% respectively.
Holdings
Parag Parikh ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Consumer Cyclical, Utilities, Corporate, Energy, Consumer Defensive, Health, 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
▲
▼
19715 people have invested ₹ 8.5Cr 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
4
/23
41% Performance
87% Risk Management
81% Cost
4 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 | Redeeming 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 (21-Nov-24)
Fund Distribution
as on (31-Oct-24)
Large cap
68.4%
Small cap
8.5%
Mid cap
4.4%
Sector Allocation
Financial Services
39.1%
Tech
16.7%
Consumer Cyclical
13.8%
Utilities
9.2%
Energy
8.2%
Consumer Defensive
7.6%
Health
4.1%
Industrial
1.1%
Basic Materials
0.3%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -4.24% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
- This fund outperformed Nifty 500 by 2.28% in Oct'24
- AUM of the fund stands at 4.3K Cr as of Oct'24
- AUM decreased by 88.2 Cr between Oct'24 and Sep'24
Top Stocks bought last month
Motilal Oswal Financial Services Ltd's allocation increased from 1.43% to 1.8%
ITC Ltd's allocation increased from 5.33% to 5.69%
HDFC Bank Ltd's allocation increased from 8.2% to 8.5%
Top Stocks sold last month
Bajaj Holdings and Investment Ltd's allocation decreased from 8.24 % to 8.22 %
Maharashtra Scooters Ltd's allocation decreased from 5.67 % to 5.2 %
Maruti Suzuki India Ltd's allocation decreased from 4.83 % to 4.12 %
Mid Cap allocation has gone down from 5.1% to 4.4%
Large Cap allocation has gone up from 68% to 68.4%
Small Cap allocation has gone down from 9.7% to 8.5%
Cash allocation has gone up from 16.5% to 17%
Debt allocation has gone up from 0.7% to 1.7%
Top 3 Sectors in October were Corporate, Financial Services & Tech
Oct'24
Financial Services
39%
Tech
17%
Consumer Cyclical
14%
Sep'24
Corporate
41%
Financial Services
38%
Tech
16%
See all
Loading...
We are taking more time than usual
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
₹93.75K Cr
as on 31-Oct-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
Over the last 1 year, this fund has decreased expense ratio by 19.5% moving from 0.77 to 0.62.
In the last 3 years, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 24.69% return, outperforming this fund by 6.44% per annum.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 31.42% return, outperforming this fund by 7.17% per annum.
Over the last 6 months, this fund has experienced a 27.2% growth in AUM moving from 3.36K Cr to 4.27K Cr.
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 51.38% return, outperforming this fund by 23.7%.
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 1.29%.
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 24.35% since inception which is more than its category average return of 15.59%
Fund Allocations
This fund has an allocation of 81.3% in Equity, 1.67% in Debt and 17.03% in Cash related instruments
AUM size ₹4274 Cr
This fund has AUM of ₹4274 Cr which is more than its category average of ₹ 3983 Cr
Expense Ratio 0.62%
This fund has an expense ratio of 0.62% which is less than its category average expense ratio of 1.47%
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 ₹31.78 as on 21-Nov-2024.
Existing (Absolute + CAGR) as on 21-Nov-2024.
Parag Parikh ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -3.58% | -3.58% |
6 Month Returns | 10.7% | 10.7% |
1 Year Returns | 27.68% | 27.68% |
3 Years Returns | 65.32% | 18.24% |
5 Years Returns | 196.13% | 24.25% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.62% as on October 2024
₹4274 Cr as on October 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 October 2024
Financial Services(31.76%), Tech(13.59%), Consumer Cyclical(11.18%) as on October 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 | 4.63 | 6.03 | 7.32 |
As on October 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 | 0.72 | 0.66 | 0.72 |
As on October 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 | 2.19 | 1.24 | 1.18 |
As on October 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 | 10.49 | 10.16 | 15.31 |
As on October 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 2.32 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.58 as on October 2024. 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%