Parag Parikh Tax Saver Fund Direct Growth+0.46%

19.54%
1 Year Return
Equity
ELSS
3.0star
6M
1Y
All

Fund Details

Parag Parikh Tax Saver Fund Direct Growth

RiskModerately High
Min SIP Amount₹1000
Expense Ratio1.13%
NAV12.69 (23 Oct 2020)
Fund Started04 Jul 2019
Fund Size70 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Parag Parikh Tax Saver Fund Direct Growth
19.5%
NA
NA
21.0%
Category Average
3.0%
2.4%
7.3%
-
Rank within category
2
NA
NA
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    Estimated Value
    as per Historical Returns
    0
    with 19.5% annual returns

    Comparison

    Data not available
    Pros
    1. Risk-adjusted returns are higher compared to the category
    2. Exit load is zero
    Cons
    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

    NameSectorInstrument% Assets
    Persistent Systems Ltd.TechnologyEquity7.3%
    ITC Ltd.FMCGEquity6.3%
    Central Depository Services (India) Ltd.FinancialEquity5.6%
    Mphasis Ltd.TechnologyEquity5.2%
    Zydus Wellness Ltd.FMCGEquity5.1%
    Wipro Ltd.TechnologyEquity5.0%
    Multi Commodity Exchange IndiaFinancialEquity4.9%
    Hero Motocorp Ltd.AutomobileEquity4.8%
    Tata Consultancy Services Ltd.TechnologyEquity4.8%
    Indian Energy Exchange Ltd.FinancialEquity4.8%
    See All

    Fund Managers

    addRajeev Thakkar
    Education
    Mr.Thakkar is a Chartered Accountant, Cost Accountant, CFA, and CFP.
    Experience
    He has been associated with PPFAS AMC since 2013.
    Funds Managed
    addRaunak Onkar
    Education
    Mr.Onkar is an MMS (Finance) from the University of Mumbai.
    Experience
    His has been associated with PPFAS Limited for quite a few years.
    Funds Managed
    addRaj Mehta
    Education
    Mr. Mehta is a B.Com and M.Com from Mumbai University, CA and CFA Level III Pass.
    Experience
    Prior to joining PPFAS AMC as a Research Analyst he was associated with the AMC as an intern since 2012. He has collectively over 3 years of experience in investment research.
    Funds Managed

    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 ₹70 Cr and the Latest NAV as of 23 Oct 2020 is ₹12.69.

    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%.

    Scheme Information Document(SID)

    ₹500
    Min for First Investment
    ₹500
    Min for Second Investment
    Nil
    Exit Load

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    About PPFAS Mutual Fund

    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
    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,
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