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 18.46% 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 0.77% as of 24 Sep 2023...

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 ₹1,932.37Cr as of 24 Sep 2023.

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 ₹24.33 as of 22 Sep 2023.

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).

Parag Parikh Tax Saver Fund Direct Growth - NAV, Mutual Fund Performance & Portfolio

Parag Parikh Tax Saver Fund Direct Growth
Equity
ELSS
Moderately High Risk
3Y Lock In
25.89%
3Y annualised
-0.25% 1D
1M
6M
1Y
3Y
All
 NAV: 22 Sep 2023₹24.33
Min. SIP amount₹1,000
Rating5
Fund size₹1,932.37Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
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
Annualised returns
Absolute returns
6M1Y3YAll
Fund returnsNA18.5%25.9%23.8%
Category averageNA14.8%23.7%NA
Rank with in categoryNA1014NA
Understand terms
Holdings (34)NameSectorInstrumentAssets
HDFC Bank Ltd.
FinancialEquity8.0%
Bajaj Holdings & Investment Ltd.
FinancialEquity7.0%
Maharashtra Scooters Ltd.
AutomobileEquity5.7%
Axis Bank Ltd.
FinancialEquity5.5%
ICICI Bank Ltd.
FinancialEquity5.5%
Coal India Ltd.
EnergyEquity5.2%
Maruti Suzuki India Ltd.
AutomobileEquity5.2%
HCL Technologies Ltd.
TechnologyEquity5.0%
Tata Consultancy Services Ltd.
TechnologyEquity4.9%
Power Grid Corporation Of India Ltd.
EnergyEquity4.9%
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 cons
Category: Equity ELSS
Pros
Cons
Exit load is zero
Lock-in period: 3Y
Lower expense ratio: 0.77%
Consistently higher annualised returns than category average for the past 1Y and 3Y
Higher alpha: 8.98
The fund has generated returns higher than benchmark - NIFTY 500 Total Return Index - in the last 3Y 
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 2023 - Present
0.77%
31 Jul 2023 - 31 Aug 2023
0.77%
30 Jun 2023 - 31 Jul 2023
0.78%
31 May 2023 - 30 Jun 2023
0.78%
30 Apr 2023 - 31 May 2023
0.80%
31 Mar 2023 - 30 Apr 2023
0.78%
28 Feb 2023 - 31 Mar 2023
0.80%
31 Jan 2023 - 28 Feb 2023
0.81%
31 Dec 2022 - 31 Jan 2023
0.82%
31 Dec 2022 - 31 Dec 2022
0.82%
30 Nov 2022 - 31 Dec 2022
0.83%
30 Nov 2022 - 30 Nov 2022
0.83%
30 Nov 2022 - 30 Nov 2022
0.83%
31 Oct 2022 - 30 Nov 2022
0.88%
31 Oct 2022 - 31 Oct 2022
0.88%
31 Oct 2022 - 31 Oct 2022
0.88%
30 Sep 2022 - 31 Oct 2022
0.84%
30 Sep 2022 - 30 Sep 2022
0.84%
30 Sep 2022 - 30 Sep 2022
0.84%
31 Aug 2022 - 30 Sep 2022
0.84%
31 Aug 2022 - 31 Aug 2022
0.84%
31 Jul 2022 - 31 Aug 2022
0.84%
31 Jul 2022 - 31 Jul 2022
0.84%
30 Jun 2022 - 31 Jul 2022
0.84%
30 Jun 2022 - 30 Jun 2022
0.84%
31 May 2022 - 30 Jun 2022
0.84%
31 May 2022 - 31 May 2022
0.84%
30 Apr 2022 - 31 May 2022
0.84%
30 Apr 2022 - 30 Apr 2022
0.84%
31 Mar 2022 - 30 Apr 2022
0.87%
31 Mar 2022 - 31 Mar 2022
0.87%
28 Feb 2022 - 31 Mar 2022
0.98%
28 Feb 2022 - 28 Feb 2022
0.98%
31 Jan 2022 - 28 Feb 2022
0.98%
31 Dec 2021 - 31 Jan 2022
0.99%
30 Nov 2021 - 31 Dec 2021
0.99%
31 Oct 2021 - 30 Nov 2021
0.98%
30 Sep 2021 - 31 Oct 2021
1.16%
31 Aug 2021 - 30 Sep 2021
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: 0.77%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns 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 amountsMin. for 1st investment₹500
Min. for 2nd investment onwards₹500
Min. for SIP₹1,000
Fund managementRajeev 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
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
Parag Parikh Conservative Hybrid Fund Direct Growth
Parag Parikh Conservative Hybrid Fund Regular Growth
Parag Parikh Conservative Hybrid Fund Regular IDCW Monthly
Parag Parikh Conservative Hybrid Fund Direct IDCW Monthly
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
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
Parag Parikh Conservative Hybrid Fund Direct Growth
Parag Parikh Conservative Hybrid Fund Regular Growth
Parag Parikh Conservative Hybrid Fund Regular IDCW Monthly
Parag Parikh Conservative Hybrid Fund Direct IDCW Monthly
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
Parag Parikh Flexi Cap Fund Direct Growth
Parag Parikh Flexi Cap Fund Regular Growth
Parag Parikh Liquid Fund Regular Growth
Parag Parikh Liquid Fund Regular IDCW Monthly
Parag Parikh Liquid Fund Direct IDCW Monthly
Parag Parikh Liquid Fund Direct IDCW Daily
Parag Parikh Liquid Fund Regular 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
Parag Parikh Conservative Hybrid Fund Direct Growth
Parag Parikh Conservative Hybrid Fund Regular Growth
Parag Parikh Conservative Hybrid Fund Regular IDCW Monthly
Parag Parikh Conservative Hybrid Fund Direct IDCW Monthly
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
Kotak Equity Arbitrage Fund Regular IDCW Monthly
Kotak Equity Arbitrage Fund Regular Growth
Kotak Equity Arbitrage Fund Direct IDCW Monthly
Kotak Equity Arbitrage Fund Direct Growth
Parag Parikh Flexi Cap Fund Direct Growth
Parag Parikh Flexi Cap Fund Regular Growth
Kotak Equity Arbitrage Fund Direct IDCW Bimonthly
Kotak Equity Arbitrage Fund Regular IDCW Bimonthly
Kotak Equity Arbitrage Direct IDCW Fortnightly
Kotak Equity Arbitrage Regular IDCW Fortnightly
Parag Parikh Tax Saver Fund Direct Growth
Parag Parikh Tax Saver Fund Regular Growth
Parag Parikh Conservative Hybrid Fund Direct Growth
Parag Parikh Conservative Hybrid Fund Regular Growth
Parag Parikh Conservative Hybrid Fund Regular IDCW Monthly
Parag Parikh Conservative Hybrid Fund Direct IDCW Monthly
Fund house & investment objective
PPFAS Mutual Fund
Rank (total assets)#23 in India
Total AUM₹46,010.87Cr
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 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 ₹46,011 Cr and the Latest NAV as of 22 Sep 2023 is ₹24.33.
The Parag Parikh Tax Saver Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is set to ₹1,000. Minimum Lumpsum Investment is ₹500.
;
Investment ObjectiveThe 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)
;
Fund benchmarkNIFTY 500 Total Return Index
Scheme Information Document(SID)
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
E-mail
[email protected]
Website
PPFAS Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
Email
[email protected]
Website
www.camsonline.com
Compare funds
Parag Parikh Tax Saver Fund Direct Growth
VS
Add mutual fund to compare

	6M	1Y	3Y	All
Fund returns	NA	18.5%	25.9%	23.8%
Category average	NA	14.8%	23.7%	NA
Rank with in category	NA	10	14	NA

Name	Sector	Instrument	Assets
HDFC Bank Ltd.	Financial	Equity	8.0%
Bajaj Holdings & Investment Ltd.	Financial	Equity	7.0%
Maharashtra Scooters Ltd.	Automobile	Equity	5.7%
Axis Bank Ltd.	Financial	Equity	5.5%
ICICI Bank Ltd.	Financial	Equity	5.5%
Coal India Ltd.	Energy	Equity	5.2%
Maruti Suzuki India Ltd.	Automobile	Equity	5.2%
HCL Technologies Ltd.	Technology	Equity	5.0%
Tata Consultancy Services Ltd.	Technology	Equity	4.9%
Power Grid Corporation Of India Ltd.	Energy	Equity	4.9%

Rank (total assets)	#23 in India
Total AUM	₹46,010.87Cr

Date of Incorporation	10 Oct 2012

Fund benchmark	NIFTY 500 Total Return Index

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

Rating	5
Fund size	₹1,932.37Cr

Parag Parikh Tax Saver Fund Direct Growth

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (34)

Disclaimer

Pros and cons

Pros

Cons

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 0.77%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Rajeev ThakkarJul 2019 - PresentView details

Raunak OnkarJul 2019 - PresentView details

Raj MehtaJul 2019 - PresentView details

Rukun TarachandaniMay 2022 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Rajeev Thakkar
Jul 2019 - Present
View details

Raunak Onkar
Jul 2019 - Present
View details

Raj Mehta
Jul 2019 - Present
View details

Rukun Tarachandani
May 2022 - Present
View details