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Unrated

Parag Parikh Tax Saver Fund - Direct Plan


Analyst's Choice?

Suitability:

When you invest for five years or above, you can expect gains that comfortably beat the inflation rate and are also higher than fixed income options. In addition, you get tax exemption on the invested amount under Section 80C of the Indian income tax laws. As per this section, total investments of upto 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 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 paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 2.12 0.13 1.39 3.70 5.80 -- -- -- -- -- --
Equity: ELSS 2.65 0.18 1.59 3.21 7.43 -- -- -- -- -- --
Rank within category 31 24 30 12 29 -- -- -- -- -- --
Number of funds in category 38 38 38 38 37 36 35 34 29 27 1

As on 17-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 6.42 (23-Aug-2019 - 23-Sep-2019) -1.87 (08-Nov-2019 - 10-Dec-2019)
Quarter 9.12 (05-Aug-2019 - 04-Nov-2019) 1.79 (23-Sep-2019 - 23-Dec-2019)
Year -- ( - ) -- ( - )

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
Equity: ELSS* 13.10 13.33 0.55 0.82 0.96 -0.35
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-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 20
Top 10 Stocks (%) 55.46
Top 5 Stocks (%) 34.53
Top 3 Sectors (%) 63.67
Portfolio P/B Ratio 2.79
Portfolio P/E Ratio 21.28

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 59,152 98,037
Giant (%) 39.19 52.66
Large (%) 23.47 14.56
Mid (%) 24.12 24.99
Small (%) 13.22 8.12
Tiny (%) -- 0.23

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 HDFC Bank Financial 29.93 9.49 8.98 9.49
up Bajaj Holdings & Inv Financial 11.54 9.29 7.72 9.29
up Hero Motocorp Automobile 13.49 5.48 4.82 5.48
up Mphasis Technology 15.47 5.18 2.88 5.18
up Persistent Systems Technology 15.60 5.19 4.77 5.09
equal ICICI Bank Financial 66.86 5.08 4.75 4.75
equal Axis Bank Financial 46.94 5.06 4.28 4.28
up Zydus Wellness FMCG 50.90 4.12 3.10 4.02
equal Mahindra Holidays & Resorts Services 45.20 4.81 3.96 3.96
up Wipro Technology 14.51 3.96 2.95 3.92
equal Maruti Suzuki India Automobile 37.39 4.82 3.92 3.92
up Tata Consultancy Services Technology 25.67 3.88 2.71 3.88
equal Central Depository Services Financial 24.10 4.82 3.73 3.73
equal Balkrishna Industries Automobile 26.92 3.77 3.51 3.51
up Cadila Healthcare Healthcare 19.94 2.10 1.56 2.10
up Dr. Reddy's Lab Healthcare 18.40 2.01 1.55 2.01
up Lupin Healthcare 110.60 1.96 1.54 1.96
equal Ipca Laboratories Healthcare 26.08 2.06 1.84 1.84
equal Sun Pharmaceutical Inds. Healthcare 25.19 1.62 1.33 1.33
equal ICRA Financial 31.28 1.69 1.15 1.15

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-2019

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:


0.13%

Change from previous, NAV as on 17-Jan-2020

Growth: ₹ 11.0951


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: 10.95%
Benchmark: NIFTY 500 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 25 Cr (As on 31-Dec-2019)
Expense: 1.09% (As on 30-Nov-2019)
Risk Grade: --
Return Grade: --
Turnover: --

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: 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

Value Investing

Evaluating a company's financial health from the Cash Flow Statement

dateSaturday, 25-Jan-2020
time12:30 PM - 01:00 PM