Parag Parikh ELSS Tax Saver Fund – Direct Growth

Equity · ELSS
 · ★★★★★
₹ 1,000
Min SIP
₹ 500
Min Lumpsum
0.72 %
Expense Ratio
★★★★★
Rating
2,997
Fund Size (in Cr)
5 Years
Fund Age
Mutual Fund SIP Calculator
Monthly Investment
Max: ₹1,00,000
Investment Period
Yrs
Max: 3 yrs
  • Invested Amount
    --
  • Wealth Gained
    --
  • Expected Amount
    --

Scheme Performance

Returns and Ranks ( as on 18 March 2024 )
1Y1Y 3Y3Y 5Y5Y MaxMax
Trailing Returns 35% 23.1% - 24.6%
Category Average 39.9% 18.9% 17.1% -

Scheme Allocation

By Holding
By Sector
By Asset
7.92%
6.36%
Others
67.16%
View all Holdings
Holdings Sector Instrument Asset
HDFC Bank Banks Equity 7.92%
Bajaj Holdings Finance Equity 7.29%
Coal India Mining & Mineral products Equity 6.36%
Power Grid Corpn Power Generation & Distribution Equity 6.12%
Maruti Suzuki Automobile Equity 5.15%
HCL Technologies IT - Software Equity 5.06%
ICICI Bank Banks Equity 5.05%
ITC Tobacco Products Equity 4.99%
TCS IT - Software Equity 4.64%
Wipro IT - Software Equity 4.27%
Axis Bank Banks Equity 4.06%
Mah. Scooters Finance Equity 3.84%
Infosys IT - Software Equity 2.78%
Kotak Mah. Bank Banks Equity 2.23%
Balkrishna Inds Tyres Equity 1.84%
NMDC Mining & Mineral products Equity 1.8%
VST Industries Tobacco Products Equity 1.31%
Motil.Oswal.Fin. Stock/ Commodity Brokers Equity 1.24%
Zydus Lifesci. Pharmaceuticals Equity 1.2%
Oracle Fin.Serv. IT - Software Equity 1.16%
Cipla Pharmaceuticals Equity 1.02%
UTI AMC Finance Equity 0.97%
Dr Reddy's Labs Pharmaceuticals Equity 0.95%
Indraprastha Gas Gas Distribution Equity 0.91%
CMS Info Systems Miscellaneous Equity 0.91%
Ipca Labs. Pharmaceuticals Equity 0.7%
Multi Comm. Exc. Miscellaneous Equity 0.61%
C D S L Miscellaneous Equity 0.52%
Indian Energy Ex Miscellaneous Equity 0.42%
CCL Products Plantation & Plantation Products Equity 0.37%
ICRA Credit Rating Agencies Equity 0.33%
Swaraj Engines Capital Goods-Non Electrical Equipment Equity 0.25%
EID Parry Sugar Equity 0.24%
NMDC Steel Steel Equity 0.08%
Accelya Solution IT - Software Equity 0.05%
Banks
19.26%
IT-Software
17.96%
Debt
13.4%
Finance
11.13%
Consumable Fuels
6.36%
Others
31.89%
View all Sectors
Sectors Asset
Banks 19.26%
IT-Software 17.96%
Debt 13.4%
Finance 11.13%
Consumable Fuels 6.36%
Power 6.12%
Automobiles 5.15%
Diversified FMCG 4.99%
Capital Markets 4.09%
Pharmaceuticals & Biotech 3.87%
Auto Components 1.84%
Minerals & Mining 1.8%
CigaretteS & Tobacco Prod 1.31%
Gas 0.91%
Commercial Services & Sup 0.91%
Agricultural Food & other 0.37%
Industrial Products 0.25%
Fertilisers & Agrochemica 0.24%
Ferrous Metals 0.08%
Cash & Others -0.04%
Equity
86.64%
Reverse Repos
6.82%
Certificate of Deposit
5.6%
Commercial Paper
0.82%
T-Bills
0.16%

Advance Ratio

8.15
Alpha
2.86
SD
0.66
Beta
1.61
Sharpe

Exit Load

Exit Load Nil

Fund Objective

PPFAS Mutual Fund’s Parag Parikh Tax Saver Fund Direct-Growth is a Tax Saver mutual fund. It is an open-ended equity-linked savings plan with a mandatory 3-year lock-in period and tax benefits. This plan was introduced on 04/07/2019 and is handled by Raj Mehta, Rajeev Thakkar, Raunak Onkar, and Rukun Tarachandani.

The fund invests 81.66% of its assets in domestic equities, with 63.67% in large-cap stocks, 3.75% in mid-cap stocks, and 10.8% in small-cap stocks.

The objective of the Scheme is to achieve long-term capital appreciation by constructing a diversified portfolio of equities and equity-related products. (80% of the total assets are in compliance with the Equity Linked Saving Scheme, 2005, announced by the Ministry of Finance).

Pros & Cons

Pros

Cons

Exit load is zero. Lock in period – 3 Years.
Low expense ratio.  
1 year and 3 year annualised returns higher than category average.  
Provides regular income for the investors.  

 

How to invest in Parag Parikh Tax Saver Fund?

5paisa streamlines the Parag Parikh Tax Saver Fund investment, and documentation is no longer necessary. Simply follow the steps given below:

Step 1: Log in to your 5Paisa Account. In case you do not have one, register and create a new 5Paisa account in 3 easy steps. Alternatively, you can also download the 5Paisa app on your smartphone for Android or IOS and log in from your device.
Step 2: Search for the PPFAS Mutual Fund scheme that you wish to invest in
Step 3: Select the suitable option as per your specific requirement and risk appetite
Step 4: Select the investment type from SIP (Systematic Investment Plan) or Lumpsum investment
Step 5: Put the amount that you’d like to invest and proceed with the payment option by clicking on the ‘Invest Now button

This completes the investment process on the 5Paisa platform. Once your payment is successfully debited, you can see the PPFAS Mutual Fund reflected in your 5Paisa account In approximately 3-4 working days. If you selected the SIP option, the amount chosen would get deducted every month starting from the initial payment date.

What is the expense ratio of the Parag Parikh Tax Saver Fund?

The expense ratio is a measure of the yearly cost of the mutual fund’s management services. The Expense Ratio, which is calculated as a percentage of the fund’s AUM, reduces the return of each unit. Choose a fund with a low-cost ratio if you want to retain a bigger portion of your returns.

Who should invest in the Parag Parikh Tax Saver Fund?

● The Parag Parikh Tax Saver Fund is suitable for investors who are looking to save on taxes: This fund provides tax benefits under Section 80C of the Income Tax Act, making it an attractive option for investors who are looking to reduce their tax liability.
● Those investors who want to keep their money in the market for at least 3 years and who, in addition to greater return expectations, want to minimise their income tax liability can invest in Parag Parikh Tax Saver Fund. Also, these investors must be willing to commit to a 3 holding period and the prospect of modest losses on their investments.
● It’s important to note that this fund may not be suitable for all investors, and investors should consider their risk tolerance, and investment goals, and consult a financial advisor before making an investment decision.

What are the benefits of investing in the Parag Parikh Tax Saver Fund?

Some benefits of investing in the Parag Parikh Tax Saver Fund fund include:

● Tax benefits

Investments in the Parag Parikh Tax Saver Fund are eligible for tax deductions up to ₹1.5 lakhs per financial year under Section 80C of the Income Tax Act. This, however, is not the cap. Gains will be taxed at a flat rate of 10%. *As per Income Tax Rules prevailing for the Financial Year 2022-23.

● Diversification

By investing in a mix of stocks, the fund provides diversification and reduces the risk of investing in a single stock.

● Long-term growth potential

Equity investments have the potential to provide higher returns over the long term, compared to fixed-income investments.

● Professional management

The fund is managed by experienced investment professionals who make investment decisions based on in-depth research and analysis.

Fund Managers

Rajeev Thakkar

Risk-O-Meter

Peer Comparison

Fund Name

AMC Contact Details

PPFAS Mutual Fund
AUM:
53,017 Cr
Address:
81/82,8th Floor,sakhar Bhavan,Ramnath Goenka Marg,230,Nariman Point Mumbai 400021
Contact:
022-61406555
Email ID:
Priyah@ppfas.com

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Frequently Asked Questions

How to invest in Parag Parikh ELSS Tax Saver Fund – Direct Growth ?

You can invest in Parag Parikh ELSS Tax Saver Fund – Direct Growth in a quick and simple process. Follow the below steps;
  • Login to your 5paisa account, Go to the Mutual Funds section.
  • Search for Parag Parikh ELSS Tax Saver Fund – Direct Growth in the search box.
  • Click on "Start SIP" if you wish to do a SIP or click on “One-time” if you wish to invest a lumpsum amount then click on "Invest Now"

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

The NAV of Parag Parikh ELSS Tax Saver Fund – Direct Growth is ₹27.7 as of 18 March 2024.

How to redeem Parag Parikh ELSS Tax Saver Fund – Direct Growth holding ?

You can go to your holding on the app and click on the fund name you will get two options Invest More and Redeem; click on redeem and enter the amount or units you desire to redeem or you can tick on “Redeem all units”.

What is the minimum sip amount of Parag Parikh ELSS Tax Saver Fund – Direct Growth?

The minimum SIP amount of Parag Parikh ELSS Tax Saver Fund – Direct Growth is ₹1000

What are the top sectors Parag Parikh ELSS Tax Saver Fund – Direct Growth has invested in?

The top sectors Parag Parikh ELSS Tax Saver Fund – Direct Growth has invested in are
  1. Banks - 19.26%
  2. IT-Software - 17.96%
  3. Debt - 13.4%
  4. Finance - 11.13%
  5. Consumable Fuels - 6.36%

Can I make investments in both the SIP and Lump Sum schemes of Parag Parikh ELSS Tax Saver Fund – Direct Growth?

Yes, You can select both SIP or Lumpsum investment of Parag Parikh ELSS Tax Saver Fund – Direct Growth based on your investment objective and risk tolerance.

How much returns have Parag Parikh ELSS Tax Saver Fund – Direct Growth generated ?

The Parag Parikh ELSS Tax Saver Fund – Direct Growth has delivered 24.6% since inception

What is the expense ratio of Parag Parikh ELSS Tax Saver Fund – Direct Growth ?

The expense ratio of Parag Parikh ELSS Tax Saver Fund – Direct Growth is 0.72 % as of 18 March 2024.

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

The AUM of Parag Parikh ELSS Tax Saver Fund – Direct Growth is ₹53,017 Cr as of 18 March 2024

What are the top stock holdings of Parag Parikh ELSS Tax Saver Fund – Direct Growth?

The top stock holdings of Parag Parikh ELSS Tax Saver Fund – Direct Growth are
  1. HDFC Bank - 7.92%
  2. Bajaj Holdings - 7.29%
  3. Coal India - 6.36%
  4. Power Grid Corpn - 6.12%
  5. Maruti Suzuki - 5.15%

How can I redeem my investments in Parag Parikh ELSS Tax Saver Fund – Direct Growth?

Step 1: Visit the fund house's website
Step 2: Log in to your account by adding Folio No. and M-Pin
Step 3: Click on Widhrawal > Redemption
Step 4: Select Parag Parikh ELSS Tax Saver Fund – Direct Growth in Scheme, enter the redemption amount, and click on submit button.
Invest Now