Fund Details
Parag Parikh Tax Saver Fund Direct Growth
| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 1.16% |
| NAV | ₹14.47 (22 Jan 2021) |
|---|---|
| Fund Started | 04 Jul 2019 |
| Fund Size | ₹101 Cr |
Returns
Comparison
1. Risk-adjusted returns are higher compared to the category
2. Exit load is zero
3. 1Y Returns are higher than the category average returns
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. Age is less than 3 years
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| ITC Ltd. | FMCG | Equity | 7.9% |
| Bajaj Holdings & Investment Ltd. | Financial | Equity | 6.0% |
| Persistent Systems Ltd. | Technology | Equity | 5.7% |
| Indian Energy Exchange Ltd. | Financial | Equity | 5.1% |
| Hero Motocorp Ltd. | Automobile | Equity | 5.1% |
| Wipro Ltd. | Technology | Equity | 5.0% |
| Maruti Suzuki India Ltd. | Automobile | Equity | 5.0% |
| Multi Commodity Exchange India | Financial | Equity | 4.9% |
| Tata Consultancy Services Ltd. | Technology | Equity | 4.8% |
| Central Depository Services (India) Ltd. | Financial | Equity | 4.3% |
Fund Managers
Parag Parikh Tax Saver Fund Direct Growth Details
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 04 Jul 2019. 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 ₹101 Cr and the Latest NAV as of 22 Jan 2021 is ₹14.47.
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.
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%.
