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5 star

Parag Parikh Tax Saver Fund - Regular Plan download report


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.88 Lakh

₹ 10000

Monthly SIP Grown to
₹ 5.08 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
Parag Parikh Tax Saver Fund Reg-G -0.04 0.66 0.82 4.97 4.96 0.42 10.69 23.32 -- -- --
S&P BSE 500 TRI 1.34 0.70 1.07 8.69 6.71 2.18 8.93 20.34 -- -- --
Equity: ELSS -1.30 0.53 0.79 7.33 6.70 -0.37 5.09 18.59 -- -- --
Rank within category 13 7 18 35 32 10 2 4 -- -- --
Number of funds in category 36 36 36 36 36 36 36 35 32 28 26

As on 08-Aug-2022

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
5 star
Jul-19 10.69 23.32 -- 2.24 618
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
5 star
Dec-15 4.63 21.65 14.82 1.66 11,495
DSP Tax Saver Fund
4 star
Jan-07 2.94 20.07 12.45 1.78 9,091
Canara Robeco Equity Tax Saver Fund - Regular Plan  | Invest Online
5 star
Mar-93 6.10 22.82 15.59 2.01 3,957
IDFC Tax Advantage (ELSS) Fund - Regular Plan  | Invest Online
4 star
Dec-08 8.26 23.97 13.26 1.96 3,917

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 89.32 23-Mar-2020 - 23-Mar-2021 5.70 15-Jul-2021 - 15-Jul-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Parag Parikh Tax Saver Fund Reg-G 22.69 18.25 1.05 1.09 0.74 6.78
S&P BSE 500 TRI 20.28 22.43 0.75 0.86 -- --
Equity: ELSS 18.78 21.76 0.70 0.77 0.94 -0.49
Rank within category 4 2 2 3 1 3
Number of funds in category 35 35 35 35 35 35

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

As on 31-Jul-2022

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 26
Top 10 Stocks (%) 56.87
Top 5 Stocks (%) 32.24
Top 3 Sectors (%) 59.28
Portfolio P/B Ratio 1.53
Portfolio P/E Ratio 16.68

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,17,077 1,34,619
Giant (%) 59.39 53.55
Large (%) 21.46 18.01
Mid (%) 9.70 22.43
Small (%) 9.44 6.34
Tiny (%) -- 0.19

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 Bajaj Holdings & Inv Financial 13.94 10.09 4.01 7.25
up HDFC Financial 19.00 7.14 0.00 7.14
equal ITC Consumer Staples 23.70 8.33 0.00 7.07
equal ICICI Bank Financial 20.99 6.01 2.30 5.65
up Axis Bank Financial 14.19 5.31 2.53 5.13
up Power Grid Corporation Energy 9.93 5.37 0.00 5.03
up HCL Technologies Technology 19.31 5.47 0.00 4.92
up Coal India Materials 7.65 4.90 0.00 4.90
equal Maharashtra Scooters Automobile 33.07 5.06 0.00 4.89
up Wipro Technology 20.70 5.86 2.95 4.89
equal Maruti Suzuki India Automobile 60.61 5.89 3.92 4.84
equal Tata Consultancy Services Technology 31.82 5.72 2.71 4.84
equal Hero Motocorp Automobile 23.63 5.81 3.93 4.13
equal Indian Energy Exchange Services 47.26 6.47 0.00 2.26
up Motilal Oswal Financial Ser. Financial 10.24 2.15 0.00 2.15
equal Balkrishna Industries Automobile 29.43 4.50 1.60 1.60
equal Central Depository Services Financial 40.04 5.60 1.47 1.47
equal CCL Products (I) Consumer Staples 27.46 2.98 0.00 1.09
equal Multi Commodity Exchange Of India Services 45.19 5.52 0.00 1.03
equal Dr. Reddy's Lab Healthcare 23.47 2.01 0.57 1.03
equal ICRA Services 33.98 5.15 0.67 1.00
equal Zydus Lifesciences Healthcare 8.15 2.10 0.66 0.99
equal Cipla Healthcare 33.38 1.01 0.00 0.89
equal Sun Pharmaceutical Industries Healthcare 56.17 1.66 0.76 0.86
equal Ipca Laboratories Healthcare 28.96 2.06 0.26 0.85

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 30-Jun-2022

Fund Manager

— Rukun Tarachandani since 16-May-2022

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.

Funds Managed:

— Raj Mehta since 04-Jul-2019

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.

Funds Managed:

— Raunak Onkar since 04-Jul-2019

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.

Funds Managed:


0.66%

Change from previous, NAV as on 08-Aug-2022

Growth: ₹ 18.8726


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

Min. Investment (₹) 500
Min. Addl Investment (₹) 500
Min. SIP Investment (₹) 1,000
Min. No of Cheques 6
Min. Withdrawal (₹) 500
Min. Balance (₹) --
Lock-in Period 3 Years
Exit Load 0

Basic Details

Fund House: PPFAS Mutual Fund
Launch Date: 24-Jul-2019
Return Since Launch: 23.20%
Benchmark: NIFTY 500 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 618 Cr (As on 30-Jun-2022)
Expense Ratio: 2.24% (As on 30-Jun-2022)
Risk Grade: Low
Return Grade: High
Turnover: 12.00%

Contact Information

AMC: PPFAS Asset Management Pvt.Ltd.

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

Phone: 91 22 6140 6555

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

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