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Unrated

Parag Parikh Tax Saver Fund - Regular Plan


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.65 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.45 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 9.50 -0.44 -0.49 4.57 3.22 18.31 65.47 -- -- -- --
S&P BSE 500 TRI 8.85 -0.53 -0.69 2.39 0.07 20.24 68.45 -- -- -- --
Equity: ELSS 8.59 -0.64 -0.82 2.45 -0.26 19.87 61.52 -- -- -- --
Rank within category 13 11 10 3 4 22 11 -- -- -- --
Number of funds in category 38 38 38 38 38 38 38 35 33 29 27

As on 14-May-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 65.47 -- -- 2.48 200
Axis Long Term Equity Fund
4 star
Dec-09 52.25 12.22 15.23 1.85 28,239
DSP Tax Saver Fund  | Invest Online
4 star
Jan-07 68.41 13.13 16.04 1.79 8,176
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
5 star
Dec-15 75.33 15.83 20.65 1.97 7,251
Canara Robeco Equity Tax Saver Fund - Regular Plan  | Invest Online
5 star
Mar-93 62.28 16.16 16.52 2.34 2,044

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 11.66 26-Jul-2019 - 27-Jul-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
S&P BSE 500 TRI* 12.90 22.64 0.38 0.43 -- --
Equity: ELSS* 10.82 22.29 0.29 0.33 0.96 -1.73
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 30-Apr-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 24
Top 10 Stocks (%) 55.25
Top 5 Stocks (%) 32.27
Top 3 Sectors (%) 60.41
Portfolio P/B Ratio 3.35
Portfolio P/E Ratio 23.67

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 79,609 1,16,158
Giant (%) 48.95 51.00
Large (%) 9.74 16.48
Mid (%) 30.45 24.08
Small (%) 10.87 8.63
Tiny (%) -- 0.26

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 10.67 10.09 4.01 7.93
up ITC FMCG 19.71 8.00 0.00 7.83
up Wipro Technology 25.29 5.86 2.95 5.86
up Indian Energy Exchange Services 54.24 5.66 0.00 5.41
up Maruti Suzuki India Automobile 46.38 5.89 3.92 5.24
up Tata Consultancy Services Technology 34.80 5.72 2.71 5.15
up HCL Technologies Technology 22.16 5.42 0.00 5.14
up Hero Motocorp Automobile 19.25 5.81 4.75 5.02
equal Balkrishna Industries Automobile 31.12 4.33 1.69 4.07
equal Multi Commodity Exchange India Services 30.70 5.52 0.00 3.60
equal Central Depository Services Financial 43.29 5.60 2.97 3.28
up Axis Bank Financial 29.18 5.21 2.53 3.24
up ICICI Bank Financial 22.48 5.08 2.30 3.19
equal Persistent Systems Technology 38.55 7.26 3.03 3.03
up HDFC Bank Financial 24.03 9.52 2.33 2.84
equal ICRA Financial 37.64 5.15 0.67 2.79
up CCL Products (I) FMCG 23.30 2.35 0.00 2.35
equal Mphasis Technology 27.51 5.22 2.33 2.33
equal Oracle Fin Ser Software Technology 18.06 4.79 0.00 1.30
equal Cadila Healthcare Healthcare 34.21 2.10 0.66 1.04
equal Dr. Reddy's Lab Healthcare 44.28 2.01 0.57 0.91
equal Sun Pharmaceutical Inds. Healthcare 68.82 1.66 0.76 0.88
equal Lupin Healthcare 43.97 2.03 0.62 0.86
equal Ipca Laboratories Healthcare 25.60 2.06 0.42 0.42

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-Apr-2021

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 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:


-0.44%

Change from previous, NAV as on 14-May-2021

Growth: ₹ 15.1742


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 (₹) --
Lock-in Period 3 Years
Exit Load 0

Basic Details

Fund House: PPFAS Mutual Fund
Launch Date: 24-Jul-2019
Return Since Launch: 25.94%
Benchmark: NIFTY 500 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 200 Cr (As on 30-Apr-2021)
Expense: 2.48% (As on 30-Apr-2021)
Risk Grade: --
Return Grade: --
Turnover: 8.70%

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

Last Session

Investors' Hangout

With the resurgence of COVID-19, what should investors do?

DateFriday, 07-May-2021
Time12:30 PM - 01:00 PM

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