Parag Parikh ELSS Tax Saver Fund Direct - Growth
(Scheme Rating)
NAV as of Aug 29, 2024
32.540.17%
- Growth - Direct
(Earn upto 1.10% Extra Returns with Direct Plan)
Fund Category:
Equity: ELSS
Expense Ratio:
0.62%(0.84% Category
average)Fund Size:
Rs. 4,016.58 Cr(1.61% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Parag Parikh ELSS Tax Saver Fund Direct - Growth
(Scheme Rating)
NAV as of Aug 29, 2024
32.540.17%
Expense Ratio:
0.62%
Fund Size:
Rs. 4,016.58 Cr
Fund Category:
Equity: ELSS
1. Current NAV: The Current Net Asset Value of the Parag Parikh ELSS Tax Saver Fund - Direct Plan as of Aug 29, 2024 is Rs 32.54 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 38.92% (1yr), 22.8% (3yr), 26.35% (5yr) and 25.98% (since launch). Whereas, Category returns for the same time duration are: 41.97% (1yr), 19.87% (3yr) and 22.5% (5yr).
3. Fund Size: The Parag Parikh ELSS Tax Saver Fund - Direct Plan currently holds Assets under Management worth of Rs 4016.58 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.62% for Direct plan as on Aug 21, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 500 and minimum additional investment is Rs 500. Minimum SIP investment is Rs 1000.
Parag Parikh ELSS Tax Saver Fund Direct - Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 1.92 11.87 15.89 38.92 22.80 26.35 Category Avg 1.81 11.37 19.48 41.97 19.87 22.50 Rank within Category 18 18 34 26 9 7 No. of funds within Category 38 38 38 38 33 32 - Loading...
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Return Comparison
- This Fund
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Parag Parikh ELSS Tax Saver Fund Direct - Growth Fund Details
Investment Objective - The Scheme seeks 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)
Fund House | PPFAS Mutual Fund |
Launch Date | Jul 24, 2019 |
Benchmark | NIFTY 500 Total Return Index |
Return Since Launch | 26.01% |
Riskometer | Very High |
Type | Open-ended |
Risk Grade | Low |
Return Grade | Above Average |
Parag Parikh ELSS Tax Saver Fund Direct - Growth Investment Details
Minimum Investment (Rs.) | 500.00 |
Minimum Additional Investment (Rs.) | 500.00 |
Minimum SIP Investment (Rs.) | 1,000.00 |
Minimum Withdrawal (Rs.) | 500.00 |
Exit Load | 0% |
Portfolio Allocation
Asset Allocation
Asset Allocation History
Sector Allocation
Market Cap Allocation
Concentration & Valuation Analysis
JUL 2024 | JUN 2024 | MAY 2024 | APR 2024 | MAR 2024 | FEB 2024 | |
---|---|---|---|---|---|---|
Number of Holdings | 45 | 45 | 45 | 46 | 43 | 44 |
Top 5 Company Holdings | 34.25% | 33.99% | 33.39% | 32.27% | 31.93% | 32.84% |
Top 10 Company Holdings | 56.55% | 55.86% | 54.7% | 53.97% | 54.28% | 56.85% |
Company with Highest Exposure | Bajaj Holdings & Invest. (8.21%) | HDFC Bank (8.57%) | HDFC Bank (8.42%) | HDFC Bank (8.02%) | HDFC Bank (7.91%) | HDFC Bank (7.92%) |
Number of Sectors | 10 | 10 | 10 | 10 | 10 | 10 |
Top 3 Sector Holdings | 55.95% | 56.62% | 54.33% | 54.27% | 54.57% | 58.07% |
Top 5 Sector Holdings | 70.38% | 70.62% | 68.35% | 68.42% | 68.32% | 72.01% |
Sector with Highest Exposure | Financial (29.62%) | Financial (30.68%) | Financial (29.52%) | Financial (29.2%) | Financial (27.9%) | Financial (29.28%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) Bajaj Holdings & Invest. Financial 8.21 15.00 670.49 36.49 HDFC Bank Financial 8.04 18.29 89.60 3.03 Coal India Materials 6.31 8.89 59.34 129.42 Power Grid Corporation Of India Energy 6.16 19.74 16.88 76.95 ITC Consumer Staples 5.53 30.84 16.38 14.77 Maruti Suzuki India Automobile 5.2 26.67 467.02 29.44 ICICI Bank Financial 4.98 18.54 65.91 26.26 Maharashtra Scooters Automobile 4.65 53.84 181.20 43.07 Infosys Technology 3.74 30.12 64.20 36.38 HCL Technologies Technology 3.73 28.94 60.53 51.34
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Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Parag Parikh ELSS Tax Saver Fund Direct - Growth 32.49 4,016.58 1.81 38.85 22.84 26.48 Quant ELSS Tax Saver Fund Direct-Growth 447.82 11,065.42 -0.80 53.29 28.15 38.46 SBI Long Term Equity Fund Direct Plan-Growth 479.38 27,527.24 1.20 57.83 29.19 28.52 Bank of India ELSS Tax Saver Direct-Growth 202.10 1,484.56 -0.94 54.30 23.17 30.58 HDFC ELSS Tax Saver Direct Plan-Growth 1,470.12 16,145.24 1.49 47.93 26.70 24.37
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
Low Volatality
10.02VS13.16Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
Low Volatality
0.66VS0.89Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Better risk-adjusted returns
1.58VS1.19Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Better risk-adjusted returns
24.09VS17.53Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Better risk-adjusted returns
6.25VS2.46Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Better average monthly returns
21.39VS21.05Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Fund Manager
- R.T.Rajeev ThakkarSince Jul 20194 schemes
- R.O.Raunak OnkarSince Jul 20194 schemes
- R.M.Raj MehtaSince Jul 20195 schemes
- R.T.Rukun TarachandaniSince May 20224 schemes
- M.K.Mansi KariyaSince Dec 20235 schemes
Mr.Thakkar is a Chartered Accountant, Cost Accountant, CFA, and CFP. He has been associated with PPFAS AMC since 2013.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Parag Parikh Conservative Hybrid Fund Direct - Growth Conservative Hybrid 14.31 2,113.40 19.73 Parag Parikh Flexi Cap Fund Direct-Growth Flexi Cap 85.53 75,956.22 40.61 Parag Parikh Dynamic Asset Allocation Fund Direct - Growth Dynamic Asset Allocation 10.82 Unrated 888.24 - Parag Parikh Arbitrage Fund Direct - Growth Arbitrage 10.65 Unrated 892.32 - Mr.Onkar is an MMS (Finance) from the University of Mumbai. He joined PPFAS as a research analyst. He was appointed as Head- research in the year 2011. He is working with the company as an Associate Fund Manager.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Parag Parikh Conservative Hybrid Fund Direct - Growth Conservative Hybrid 14.31 2,113.40 19.73 Parag Parikh Flexi Cap Fund Direct-Growth Flexi Cap 85.53 75,956.22 40.61 Parag Parikh Dynamic Asset Allocation Fund Direct - Growth Dynamic Asset Allocation 10.82 Unrated 888.24 - Parag Parikh Arbitrage Fund Direct - Growth Arbitrage 10.65 Unrated 892.32 - Mr. Mehta is a Commerce Graduate from University of Mumbai (N.M. College) ; Fellow Member of Institute of Chartered Accountants of India (ICAI) ; CFA Charter Holder. Beginning his career as an intern with PPFAS Mutual Fund in 2012, he swiftly moved up the ranks, and is currently part of the Fund Management team.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Parag Parikh Conservative Hybrid Fund Direct - Growth Conservative Hybrid 14.31 2,113.40 19.73 Parag Parikh Flexi Cap Fund Direct-Growth Flexi Cap 85.53 75,956.22 40.61 Parag Parikh Liquid Fund Direct - Growth Liquid 1,379.88 2,245.78 7.03 Parag Parikh Dynamic Asset Allocation Fund Direct - Growth Dynamic Asset Allocation 10.82 Unrated 888.24 - Parag Parikh Arbitrage Fund Direct - Growth Arbitrage 10.65 Unrated 892.32 - Mr. Tarachandani has done B Tech (Information Technology), PGPM (Finance), CFA and CQF. Prior to joining PPFAS Mutual Fund, he has worked with Kotak Mutual Fund, Goldman Sachs, Unnati Investment Management & Research Group.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Parag Parikh Conservative Hybrid Fund Direct - Growth Conservative Hybrid 14.31 2,113.40 19.73 Parag Parikh Flexi Cap Fund Direct-Growth Flexi Cap 85.53 75,956.22 40.61 Parag Parikh Dynamic Asset Allocation Fund Direct - Growth Dynamic Asset Allocation 10.82 Unrated 888.24 - Parag Parikh Arbitrage Fund Direct - Growth Arbitrage 10.65 Unrated 892.32 - Ms. Karia has done B.Com, MS Finance and CFA Prior to joining PPFAS AMC, she has worked with Insync and Zacks Investment Research
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Parag Parikh Conservative Hybrid Fund Direct - Growth Conservative Hybrid 14.31 2,113.40 19.73 Parag Parikh Flexi Cap Fund Direct-Growth Flexi Cap 85.53 75,956.22 40.61 Parag Parikh Liquid Fund Direct - Growth Liquid 1,379.88 2,245.78 7.03 Parag Parikh Dynamic Asset Allocation Fund Direct - Growth Dynamic Asset Allocation 10.82 Unrated 888.24 - Parag Parikh Arbitrage Fund Direct - Growth Arbitrage 10.65 Unrated 892.32 -
More PPFAS Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Parag Parikh Flexi Cap Fund Direct-Growth | 66,383.82 | 4.51 | 9.00 | 16.30 | 37.86 | 22.07 | |
Parag Parikh ELSS Tax Saver Fund Direct - Growth | 3,454.03 | 3.99 | 8.09 | 12.78 | 34.33 | 22.72 | |
Parag Parikh Liquid Fund Direct - Growth | 2,159.25 | 0.59 | 1.76 | 3.53 | 6.99 | 5.47 | |
Parag Parikh Conservative Hybrid Fund Direct - Growth | 1,986.62 | 1.66 | 4.22 | 8.68 | 18.08 | 11.43 | |
Parag Parikh Arbitrage Fund Direct - Growth | 718.42 | 0.64 | 2.05 | 4.09 | - | - | |
Parag Parikh Dynamic Asset Allocation Fund Direct - Growth | 635.51 | 1.55 | 4.78 | - | - | - |
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1. Parag Parikh ELSS Tax Saver Fund - Direct Plan is Open-ended ELSS Equity scheme which belongs to PPFAS Mutual Fund House.
2. The fund was launched on Jul 24, 2019.
Investment objective & Benchmark
1. The investment objective of the fund is that " The Scheme seeks 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) "
2. It is benchmarked against NIFTY 500 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 84.11% in equities, 15.87% in debts and 0.02% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 56.55% of the assets, the top 3 sectors constitute around 55.95% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Parag Parikh ELSS Tax Saver Fund Direct - Growth
1. Short-term Capital Gain Tax - STCG is not applicable on ELSS schemes since these have a lock-in period of 3 years.
2. Investment into ELSS schemes qualify for tax deduction under Section 80C of the Indian Income Tax Act.
3. Gains of more than Rs. 1 lakh after completion of 3 years will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
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FAQs about Parag Parikh ELSS Tax Saver Fund Direct - Growth
- Is it safe to invest in Parag Parikh ELSS Tax Saver Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Parag Parikh ELSS Tax Saver Fund - Direct Plan comes under Very High risk category.
- What is the category of Parag Parikh ELSS Tax Saver Fund - Direct Plan?Parag Parikh ELSS Tax Saver Fund - Direct Plan belongs to the Equity : ELSS category of funds.
- How Long should I Invest in Parag Parikh ELSS Tax Saver Fund - Direct Plan?The suggested investment horizon of investing into Parag Parikh ELSS Tax Saver Fund - Direct Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Parag Parikh ELSS Tax Saver Fund - Direct Plan?The Parag Parikh ELSS Tax Saver Fund - Direct Plan is managed by Rajeev Thakkar (Since Jul 04, 2019) , Raunak Onkar (Since Jul 04, 2019) , Raj Mehta (Since Jul 04, 2019) , Rukun Tarachandani (Since May 16, 2022) and Mansi Kariya (Since Dec 22, 2023).
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