Parag Parikh Tax Saver Fund Direct Growth is a Equity Mutual Fund Scheme launched by PPFAS Mutual Fund. This scheme was introduced to investors on 04 Jul 2019. Rajeev Thakkar is the Current Fund Manager of Parag Parikh Tax Saver Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹19 Cr and the Latest NAV as of 18 Oct 2019 is ₹10.59.
The Parag Parikh Tax Saver Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 500. Nil.
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)
Tax Implications
Upto Rs. 1.5 lac will be tax free under 80C. Lockin of 3 years. Returns will be taxed at 10%.
Scheme Information Document(SID)
₹500
Min for First Investment
₹500
Min for Second Investment