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Unrated

Parag Parikh Tax Saver Fund - Regular Plan


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.30 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.57 Lakh

Suitability:

When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.

But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.

Like for all equity funds, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 2.51 -0.66 -0.72 6.33 14.15 28.89 29.91 -- -- -- --
S&P BSE 500 TRI 3.00 -1.33 -0.64 7.17 21.97 31.84 20.97 -- -- -- --
Equity: ELSS 2.73 -1.23 -1.06 6.81 20.42 29.73 18.06 -- -- -- --
Rank within category 23 4 11 27 38 22 4 -- -- -- --
Number of funds in category 38 38 38 38 38 38 38 35 33 29 27

As on 22-Jan-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Parag Parikh Tax Saver Fund - Regular Plan  | Invest Online
Unrated
Jul-19 29.91 -- -- 2.38 101
Axis Long Term Equity Fund
4 star
Dec-09 20.83 11.39 15.76 1.62 27,181
DSP Tax Saver Fund  | Invest Online
4 star
Jan-07 17.42 7.48 15.31 1.85 7,425
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
5 star
Dec-15 25.01 11.24 20.53 1.86 5,489
Tata India Tax Savings Fund  | Invest Online
4 star
Mar-96 15.01 5.88 14.12 2.04 2,481

Best & Worst Performance

Best (Period) Worst (Period)
Week 10.57 (01-Apr-2020 - 09-Apr-2020) -13.90 (16-Mar-2020 - 23-Mar-2020)
Month 13.46 (08-May-2020 - 08-Jun-2020) -29.21 (20-Feb-2020 - 23-Mar-2020)
Quarter 32.12 (03-Apr-2020 - 06-Jul-2020) -27.50 (23-Dec-2019 - 23-Mar-2020)
Year 31.65 (13-Jan-2020 - 12-Jan-2021) 11.66 (26-Jul-2019 - 27-Jul-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
S&P BSE 500 TRI* 10.60 22.83 0.26 0.30 -- --
Equity: ELSS* 7.85 22.37 0.14 0.16 0.95 -2.47
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

The Risk Measures have been calculated using calendar month returns for the last three years.

As on

* As on 31-Dec-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 23
Top 10 Stocks (%) 53.75
Top 5 Stocks (%) 29.75
Top 3 Sectors (%) 65.67
Portfolio P/B Ratio 3.55
Portfolio P/E Ratio 27.00

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 61,788 1,14,833
Giant (%) 41.75 51.95
Large (%) 9.94 15.52
Mid (%) 38.71 24.52
Small (%) 9.61 8.19
Tiny (%) -- 0.18

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
up ITC FMCG 18.91 8.00 0.00 7.86
up Bajaj Holdings & Inv Financial 11.93 10.09 4.01 5.99
equal Persistent Systems Technology 32.45 7.26 4.76 5.70
up Indian Energy Exchange Financial 36.64 5.13 0.00 5.13
up Hero Motocorp Automobile 26.72 5.81 4.75 5.07
up Wipro Technology 24.03 5.41 2.95 5.04
up Maruti Suzuki India Automobile 59.83 5.89 3.92 5.02
up Multi Commodity Exchange India Financial 33.83 4.89 0.00 4.89
up Tata Consultancy Services Technology 39.69 5.72 2.71 4.76
equal Central Depository Services Financial 36.45 5.60 3.50 4.29
equal Mphasis Technology 23.88 5.22 2.88 4.02
equal Zydus Wellness FMCG 215.13 6.17 3.10 3.81
up ICICI Bank Financial 26.46 5.08 2.30 2.94
equal HDFC Bank Financial 25.92 9.52 2.88 2.88
up Axis Bank Financial 55.59 5.21 2.53 2.88
equal Oracle Fin Ser Software Technology 17.85 4.79 0.00 2.38
equal Balkrishna Industries Automobile 33.77 3.77 2.36 2.36
equal ICRA Financial 28.85 5.15 0.67 2.32
equal Sun Pharmaceutical Inds. Healthcare 93.82 1.66 0.88 1.00
equal Cadila Healthcare Healthcare 27.83 2.10 0.96 0.96
equal Dr. Reddy's Lab Healthcare 52.02 2.01 0.89 0.89
equal Ipca Laboratories Healthcare 26.04 2.06 0.87 0.87
equal Lupin Healthcare -- 2.03 0.79 0.79

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Dec-2020

Fund Manager

— Rajeev Thakkar since 04-Jul-2019

Education: Mr.Thakkar is a Chartered Accountant, Cost Accountant, CFA, and CFP.

Experience: He has been associated with PPFAS AMC since 2013.

Interviews:

Funds Managed:

— Raj Mehta since 04-Jul-2019

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:

— Raunak Onkar since 04-Jul-2019

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:


-0.66%

Change from previous, NAV as on 22-Jan-2021

Growth: ₹ 14.2047


Investment Strategy

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)

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: PPFAS Mutual Fund
Launch Date: 24-Jul-2019
Return Since Launch: 26.34%
Benchmark: NIFTY 500 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 101 Cr (As on 31-Dec-2020)
Expense: 2.38% (As on 31-Dec-2020)
Risk Grade: --
Return Grade: --
Turnover: 4.60%

Contact Information

AMC: PPFAS Asset Management Pvt.Ltd.

Address: 81/82, 8th Floor, Sakhar Bhavan, Ramnath Goenka Marg, 230 Nariman Point Mumbai - 400021

Phone: 022-61406555 / 1800-266-7790

Fax: 022-61406590

Email: [email protected]

Website: http://www.amc.ppfas.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

Upcoming Video

Investors' Hangout

Understanding the new risk-o-meter

dateFriday, 29-Jan-2021
time12:30 PM - 01:00 PM