Parag Parikh ELSS Tax Saver Fund Direct Growth

Equity
ELSS
Moderately High Risk
3Y Lock In
24.85%
3Y annualised
-0.22% 1D
1M
6M
1Y
3Y
All
NAV: 27 Feb 2024₹28.37
Min. SIP amount₹1,000
Rating5
Fund size₹2,760.76Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become (%)

Returns and rankings

Category: Equity ELSS
Annualised returns
Absolute returns
6M1Y3YAll
Fund returnsNA35.8%24.9%25.4%
Category averageNA38.1%19.3%NA
Rank with in categoryNA246NA
Understand terms

Holdings (42)

NameSectorInstrumentAssets
FinancialEquity7.98%
FinancialEquity6.99%
EnergyEquity6.42%
EnergyEquity5.84%
TechnologyEquity5.20%
AutomobileEquity5.05%
FinancialEquity5.04%
Consumer StaplesEquity4.95%
TechnologyEquity4.70%
FinancialEquity4.37%
See All

Pros and cons

Category: Equity ELSS

Pros

Cons

Exit load is zero
1Y annualised returns lower than category average by 2.34%
Lower expense ratio: 0.72%
Lock-in period: 3Y
3Y annualised returns higher than category average by 5.53%
Higher alpha: 7.99 The fund has generated returns higher than benchmark - NIFTY 500 Total Return Index - in the last 3Y

Expense ratio, exit load and tax

Expense ratio: 0.72%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹500
Min. for 2nd investment onwards₹500
Min. for SIP₹1,000

Fund management

Rajeev Thakkar
Jul 2019 - Present
View details

Education
Mr.Thakkar is a Chartered Accountant, Cost Accountant, CFA, and CFP.
Experience
He has been associated with PPFAS AMC since 2013.
Also manages these schemes

Raunak Onkar
Jul 2019 - Present
View details

Education
Mr.Onkar is an MMS (Finance) from the University of Mumbai.
Experience
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.
Also manages these schemes

Raj Mehta
Jul 2019 - Present
View details

Education
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.
Experience
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.
Also manages these schemes

Rukun Tarachandani
May 2022 - Present
View details

Education
Mr. Tarachandani has done B Tech (Information Technology), PGPM (Finance), CFA and CQF.
Experience
Prior to joining PPFAS Mutual Fund, he has worked with Kotak Mutual Fund, Goldman Sachs, Unnati Investment Management & Research Group.
Also manages these schemes

Mansi Kariya
Dec 2023 - Present
View details

Education
Ms. Karia has done B.Com, MS Finance and CFA
Experience
Prior to joining PPFAS AMC, she has worked with Insync and Zacks Investment Research
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
81/82, 8th Floor, Sakhar Bhavan,Ramnath Goenka Marg,230 Nariman Point Mumbai 400021
Phone
91 22 6140 6555
Launch Date
10 Oct 2012
Website
PPFAS Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,

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