Parag Parikh ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 21-02-2025
₹ 31.39
▲0.5%
1D
Inception Returns
22.9%
/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, Raunak Onkar, Rajeev Thakkar. The fund could potentially beat inflation in the long-run.
Key Parameters
- Parag Parikh ELSS Tax Saver Fund Direct Growth has ₹4572 Cr worth of assets under management (AUM) as on Jan 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 22.89% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 11.09%, 17.89% and 23.21% respectively.
Holdings
Parag Parikh ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Corporate, Consumer Cyclical, Tech, Utilities, Energy, Consumer Defensive, Health, Industrial, Government, Basic Materials. Its top holdings are Bajaj Holdings and Investment Ltd, HDFC Bank 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 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
Historical NAV & Returns
Absolute
▲
▼
20449 people have invested ₹ 11.5Cr 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
1
/23
52% Performance
96% Risk Management
57% 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
Parag Parikh ELSS Tax Saver Fund Direct Growth Overview
| Expense ratio | 0.63% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹4572 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 (21-Feb-25)
Fund Distribution
as on (31-Jan-25)
Large cap
70.9%
Small cap
7.8%
Mid cap
2.7%
Sector Allocation
Financial Services
38%
Tech
17.6%
Consumer Cyclical
15.4%
Utilities
8.2%
Energy
7.3%
Consumer Defensive
7.3%
Health
4.9%
Industrial
0.9%
Basic Materials
0.3%
All changes are between Nov'24 and Jan'25
- AUM of the fund stands at 4.5K Cr as of Jan'25
- AUM has remained same between Jan'25 and Dec'24
Top Stocks bought last month
Dr Reddy's Laboratories Ltd's allocation increased from 1.01% to 1.12%
Top Stocks sold last month
Ipca Laboratories Ltd's allocation decreased from 5.26 % to 0.66 %
ICICI Bank Ltd.'s allocation decreased from 0.64 % to 0.52 %
Small Cap allocation has gone up from 7.8% to 8.2%
Mid Cap allocation has gone down from 3.9% to 3.5%
Large Cap allocation has gone up from 69.6% to 70.4%
Top 3 Sectors in January were Financial Services, Corporate & Tech
Jan'25
Financial Services
38%
Corporate
32%
Tech
18%
Dec'24
Financial Services
38%
Corporate
32%
Tech
18%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Maruti Suzuki India Ltd | 5.5% |
 Kotak Mahindra Bank Ltd | 3.4% |
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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
Rajeev Thakkar
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
₹99.4K Cr
as on 31-Jan-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 6 months, this fund has experienced a 13.8% growth in AUM moving from 4.01K Cr to 4.57K Cr.
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 3 years, SBI Long Term Equity Fund Direct Growth has given 23.61% return, outperforming this fund by 5.71% per annum.
In the last 1 year, LIC MF ELSS Tax Saver -Direct Plan Growth Option has given 12.82% return, outperforming this fund by 1.73%.
Over the last 1 year, this fund has decreased expense ratio by 14.9% moving from 0.74 to 0.63.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 29.27% return, outperforming this fund by 6.06% 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 22.89% since inception which is more than its category average return of 14.48%
Fund Allocations
This fund has an allocation of 81.64% in Equity, 0.1% in Debt and 18.26% in Cash related instruments
AUM size ₹4572 Cr
This fund has AUM of ₹4572 Cr which is less than its category average of ₹ 4780 Cr
Expense Ratio 0.63%
This fund has an expense ratio of 0.63% which is less than its category average expense ratio of 1.37%
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 ₹31.39 as on 21-Feb-2025.
Existing (Absolute + CAGR) as on 21-Feb-2025.
Parag Parikh ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -0.47% | -0.47% |
6 Month Returns | -1.65% | -1.65% |
1 Year Returns | 11.09% | 11.09% |
3 Years Returns | 63.86% | 17.89% |
5 Years Returns | 183.92% | 23.21% |
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0.63% as on January 2025
₹4572 Cr as on January 2025
Bajaj Holdings and Investment Ltd(8.57%), HDFC Bank Ltd(8.09%), Power Grid Corp Of India Ltd(6.52%), Coal India Ltd(6.21%), ITC Ltd(5.04%) as on January 2025
Financial Services(30.66%), Consumer Cyclical(14.19%), Tech(13.98%) as on January 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 | 6.86 | 5.83 | 7.89 |
As on January 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 | 0.77 | 0.66 | 0.72 |
As on January 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 | 0.94 | 1.11 | 1.14 |
As on January 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 | 10.13 | 10.09 | 15.37 |
As on January 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 2.05 as on January 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.62 as on January 2025. It tells the consistency of the fund in generating superior risk-adjusted performance
Raj Mehta, Raunak Onkar, Rajeev Thakkar 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%