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Parag Parikh Tax Saver Fund Direct Growth

Equity
ELSS
Moderately High Risk
3Y Lock In
25.73%
3Y annualised
+0.72% 1D
1M
6M
1Y
3Y
All
NAV: 16 Aug 2022₹19.92
Min. SIP amount₹1,000
Rating5
Fund size₹680.09Cr

Returns and rankings

Category: Equity ELSS
Annualised returns
Absolute returns
6M1Y3YAll
Fund returnsNA14.5%25.7%25.2%
Category averageNA54.9%14.2%NA
Rank with in categoryNA34NA
Understand terms

Holdings (27)

NameSectorInstrumentAssets
Housing Development Finance Corpn. Ltd.FinancialEquity8.1%
Bajaj Holdings & Investment Ltd.FinancialEquity7.8%
ITC Ltd.Consumer StaplesEquity7.1%
ICICI Bank Ltd.FinancialEquity5.9%
Coal India Ltd.EnergyEquity5.5%
Axis Bank Ltd.FinancialEquity5.3%
Tata Consultancy Services Ltd.TechnologyEquity5.0%
Wipro Ltd.TechnologyEquity5.0%
HCL Technologies Ltd.TechnologyEquity5.0%
Power Grid Corporation of India Ltd.EnergyEquity4.9%
See All

Pros and cons

Category: Equity ELSS

Pros

Cons

Exit load is zero
1Y annualised returns lower than category average by 40.4%
Lower expense ratio: 0.84%
Lock-in period: 3Y
3Y annualised returns higher than category average by 11.5%
Consistently top ranked fund
Higher alpha: 8.07 The fund has generated returns higher than benchmark - NIFTY 500 TRI - in the last 3Y

Expense ratio, exit load and tax

Expense ratio: 0.84%

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

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

Fund house & investment objective

Fund house contact details

Address
81/82, 8th Floor, Sakhar Bhavan,Ramnath Goenka Marg,230 Nariman Point Mumbai 400021
Phone
022-61406555 / 1800-266-7790
Launch Date
10 Oct 2012
Website
NA
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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FAQs

How to Invest in Parag Parikh Tax Saver Fund Direct Growth?

You can easily invest in Parag Parikh Tax Saver Fund Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps:

  • Log on to your Groww account
  • Search for Parag Parikh Tax Saver Fund Direct Growth from the search box
  • In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete
  • Once you are done with that, you can start investing in Parag Parikh Tax Saver Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Parag Parikh Tax Saver Fund Direct Growth provide?

The Parag Parikh Tax Saver Fund Direct Growth has been there from 24 Jul 2019 and the average annual returns provided by this fund is 14.53% since its inception.

How much expense ratio is charged by Parag Parikh Tax Saver Fund Direct Growth?

The term Expense Ratio used for Parag Parikh Tax Saver Fund Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund.

The Expense Ratio of Parag Parikh Tax Saver Fund Direct Growth is 0.84% as of 17 Aug 2022...

What is the AUM of Parag Parikh Tax Saver Fund Direct Growth?

The AUM, short for Assets Under Management of Parag Parikh Tax Saver Fund Direct Growth is ₹680.09Cr as of 17 Aug 2022.

How to Redeem Parag Parikh Tax Saver Fund Direct Growth?

If you want to sell your Parag Parikh Tax Saver Fund Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of Parag Parikh Tax Saver Fund Direct Growth?

You can select either SIP or Lumpsum investment of Parag Parikh Tax Saver Fund Direct Growth based on your investment objective and risk tolerance.

What is the NAV of Parag Parikh Tax Saver Fund Direct Growth?

The NAV of Parag Parikh Tax Saver Fund Direct Growth is ₹19.92 as of 16 Aug 2022.

What is the PE and PB ratio of Parag Parikh Tax Saver Fund Direct Growth?

The PE ratio ratio of Parag Parikh Tax Saver Fund Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

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