Name: Parag Parikh Tax Saver Fund Direct Growth
Brand: PPFAS Mutual Fund

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Parag Parikh Tax Saver Fund Direct Growth
Equity
ELSS
Moderately High Risk
3Y Lock Inlock
59.02%
1Y return
-0.26% 1D
1M
6M
1Y
All
 NAV: 24 Sep 2021₹19.09
Min. SIP amount₹1,000
Rating3star
Fund size₹283.73 Cr
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Equity ELSS
Absolute returns
3M6M1YAll
Fund returns16.9%27.6%59.0%90.9%
Category averageNANA54.9%NA
Rank with in category2932NA
Understand termsinfo
Holdings (24)NameSectorInstrumentAssets
Bajaj Holdings & Investment Ltd.
FinancialEquity8.4%
ITC Ltd.
FMCGEquity8.0%
HCL Technologies Ltd.
TechnologyEquity5.5%
Tata Consultancy Services Ltd.
TechnologyEquity5.5%
Wipro Ltd.
TechnologyEquity5.4%
Indian Energy Exchange Ltd.
ServicesEquity5.2%
Hero Motocorp Ltd.
AutomobileEquity5.0%
Maruti Suzuki India Ltd.
AutomobileEquity4.5%
Balkrishna Industries Ltd.
AutomobileEquity3.7%
Persistent Systems Ltd.
TechnologyEquity3.5%
See All
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and consinfo
Category: Equity ELSS
thumb_up_altPros
1Y Returns are higher than the category average returns
Exit load is zero
thumb_down_altCons
Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
Age is less than 3 years
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
31 Aug 2021 - Present
1.16%
31 Jul 2021 - 31 Aug 2021
1.15%
30 Jun 2021 - 31 Jul 2021
1.15%
31 May 2021 - 30 Jun 2021
1.16%
30 Apr 2021 - 31 May 2021
1.18%
31 Mar 2021 - 30 Apr 2021
1.25%
28 Feb 2021 - 31 Mar 2021
1.19%
31 Jan 2021 - 28 Feb 2021
1.19%
31 Dec 2020 - 31 Jan 2021
1.17%
30 Nov 2020 - 31 Dec 2020
1.16%
31 Oct 2020 - 30 Nov 2020
1.15%
30 Sep 2020 - 31 Oct 2020
1.15%
31 Aug 2020 - 30 Sep 2020
1.13%
31 Jul 2020 - 31 Aug 2020
1.14%
30 Jun 2020 - 31 Jul 2020
1.16%
31 May 2020 - 30 Jun 2020
1.19%
30 Apr 2020 - 31 May 2020
1.19%
31 Mar 2020 - 30 Apr 2020
1.11%
29 Feb 2020 - 31 Mar 2020
1.09%
31 Jan 2020 - 29 Feb 2020
1.09%
31 Dec 2019 - 31 Jan 2020
1.09%
30 Nov 2019 - 31 Dec 2019
1.09%
31 Oct 2019 - 30 Nov 2019
1.11%
30 Sep 2019 - 31 Oct 2019
1.16%
31 Aug 2019 - 30 Sep 2019
1.20%
Expense ratio, exit load and taxExpense ratio: 1.16%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationUpto Rs. 1.5 lac will be tax free under 80C. Lockin of 3 years. Returns will be taxed at 10%.
Understand termsinfo
Check past data
Minimum investment amountsMin. for 1st investment₹500
Min. for 2nd investment onwards₹500
Min. for SIP₹1,000
Fund managementRajeev Thakkar
Jul 2019 - Present
View details
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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
Parag Parikh Flexi Cap Fund Direct Growth
Parag Parikh Flexi Cap Fund Regular Growth
Parag Parikh Tax Saver Fund Direct Growth
Parag Parikh Tax Saver Fund Regular Growth
Raunak Onkar
Jul 2019 - Present
View details
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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
Parag Parikh Flexi Cap Fund Direct Growth
Parag Parikh Flexi Cap Fund Regular Growth
Parag Parikh Tax Saver Fund Direct Growth
Parag Parikh Tax Saver Fund Regular Growth
Raj Mehta
Jul 2019 - Present
View details
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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
Parag Parikh Flexi Cap Fund Direct Growth
Parag Parikh Flexi Cap Fund Regular Growth
Parag Parikh Liquid Fund Regular Growth
Parag Parikh Liquid Fund Direct IDCW Monthly
Parag Parikh Liquid Fund Direct IDCW Daily
Parag Parikh Liquid Fund Direct IDCW Weekly
Parag Parikh Liquid Fund Regular IDCW Weekly
Parag Parikh Liquid Fund Direct Growth
Parag Parikh Tax Saver Fund Direct Growth
Parag Parikh Tax Saver Fund Regular Growth
Fund house & investment objective
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PPFAS Mutual Fund
Rank (total assets)#23 in India
Total AUM8,837.53 Cr
Date of Incorporation10 Oct 2012
Parag Parikh Tax Saver Fund Direct Growth is a Equity Mutual Fund Scheme launched by PPFAS Mutual Fund. This scheme was made available to investors 
Parag Parikh Tax Saver Fund Direct Growth is a Equity Mutual Fund Scheme launched by PPFAS Mutual Fund. This scheme was made available to investors on 10 Oct 2012. Rajeev Thakkar is the Current Fund Manager of Parag Parikh Tax Saver Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹8,838 Cr and the Latest NAV as of 24 Sep 2021 is ₹19.09.
The Parag Parikh Tax Saver Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 500. ...Read more
Investment Objective
The Scheme seeks to generate long-term capital appreciation through a diversified portfolio of equity and equity related instruments. (80% of total as
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)
...Read more
Fund benchmarkNIFTY 500 TRI
descriptionScheme Information Document(SID)
Fund house contact details
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Address
Great Western Building, 1st Floor, 130/132, S.B.S. Marg, Opp. Lion Gate, Fort, Mumbai 400001
Phone
022-61406555
Launch Date
10 Oct 2012
E-mail
[email protected]
Website
NA
PPFAS Mutual Fund
Asset Management Company
Custodian
DBS Bank Ltd.
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
Email
[email protected]
Website
www.camsonline.com
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	3M	6M	1Y	All
Fund returns	16.9%	27.6%	59.0%	90.9%
Category average	NA	NA	54.9%	NA
Rank with in category	2	9	32	NA

Name	Sector	Instrument	Assets
Bajaj Holdings & Investment Ltd.	Financial	Equity	8.4%
ITC Ltd.	FMCG	Equity	8.0%
HCL Technologies Ltd.	Technology	Equity	5.5%
Tata Consultancy Services Ltd.	Technology	Equity	5.5%
Wipro Ltd.	Technology	Equity	5.4%
Indian Energy Exchange Ltd.	Services	Equity	5.2%
Hero Motocorp Ltd.	Automobile	Equity	5.0%
Maruti Suzuki India Ltd.	Automobile	Equity	4.5%
Balkrishna Industries Ltd.	Automobile	Equity	3.7%
Persistent Systems Ltd.	Technology	Equity	3.5%

Min. for 1st investment	₹500
Min. for 2nd investment onwards	₹500

Rating	3
Fund size	₹283.73 Cr