VR Logo

Unrated

Parag Parikh Tax Saver Fund - Direct Plan


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.41 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.44 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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 32.40 -1.86 -3.29 -3.20 7.13 16.49 41.45 -- -- -- --
S&P BSE 500 TRI 29.06 -2.96 -3.93 -5.18 4.30 13.54 39.43 -- -- -- --
Equity: ELSS 30.39 -2.90 -4.02 -4.73 4.63 14.33 40.72 -- -- -- --
Rank within category 14 1 4 6 3 8 19 -- -- -- --
Number of funds in category 38 38 38 38 38 38 38 35 34 29 1

As on 26-Nov-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 - Direct Plan  | Invest Online
Unrated
Jul-19 41.45 -- -- 0.98% 324
Axis Long Term Equity Fund - Direct Plan
4 star
Jan-13 34.72 22.21 20.05 0.74% 34,235
Mirae Asset Tax Saver Fund - Direct Plan  | Invest Online
5 star
Dec-15 43.35 25.22 23.24 0.43% 10,146
DSP Tax Saver Fund - Direct Plan  | Invest Online
4 star
Jan-13 44.28 22.70 17.98 0.81% 9,805
IDFC Tax Advantage (ELSS) Fund - Direct Plan
4 star
Jan-13 57.07 22.20 20.40 0.74% 3,518

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 10.60 01-Apr-2020 - 09-Apr-2020 -13.86 16-Mar-2020 - 23-Mar-2020
Month 13.58 08-May-2020 - 08-Jun-2020 -29.10 20-Feb-2020 - 23-Mar-2020
Quarter 32.50 03-Apr-2020 - 06-Jul-2020 -27.23 23-Dec-2019 - 23-Mar-2020
Year 91.51 23-Mar-2020 - 23-Mar-2021 13.05 26-Jul-2019 - 27-Jul-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
S&P BSE 500 TRI* 22.08 21.79 0.84 0.93 -- --
Equity: ELSS* 22.05 21.37 0.85 0.90 0.95 0.85
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-Oct-2021

Asset Allocation (%)

ajax-loader
Please wait...

Concentration & Valuation

Number of Stocks 26
Top 10 Stocks (%) 58.32
Top 5 Stocks (%) 33.31
Top 3 Sectors (%) 60.83
Portfolio P/B Ratio 3.54
Portfolio P/E Ratio 22.43

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,08,713 1,36,970
Giant (%) 47.57 53.06
Large (%) 26.72 14.68
Mid (%) 18.24 25.08
Small (%) 7.47 7.34
Tiny (%) -- 0.21

Value Research Fund Style

Sector Allocation vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
up Bajaj Holdings & Inv Financial 14.01 10.09 4.01 8.99
equal ITC FMCG 19.34 8.33 0.00 7.60
equal Indian Energy Exchange Services 86.71 6.40 0.00 6.40
up Maruti Suzuki India Automobile 51.58 5.89 3.92 5.26
up HCL Technologies Technology 26.06 5.47 0.00 5.06
up Tata Consultancy Services Technology 34.84 5.72 2.71 5.04
up Hero Motocorp Automobile 17.42 5.81 4.75 5.04
equal Power Grid Corporation Energy 8.74 5.31 0.00 5.00
up ICICI Bank Financial 23.61 5.08 2.30 4.98
up Wipro Technology 28.10 5.86 2.95 4.95
up Axis Bank Financial 20.29 5.21 2.53 4.72
equal Balkrishna Industries Automobile 29.37 4.50 1.69 3.49
equal Central Depository Services Financial 57.92 5.60 2.97 3.40
down Persistent Systems Technology 52.29 7.26 2.91 2.91
equal Multi Commodity Exchange Of India Services 46.50 5.52 0.00 2.57
down Mphasis Technology 42.90 5.22 2.28 2.52
up HDFC Bank Financial 24.13 9.52 2.05 2.43
equal CCL Products (I) FMCG 26.33 2.98 0.00 2.07
equal ICRA Services 35.78 5.15 0.67 1.78
up Motilal Oswal Financial Financial 8.81 1.02 0.00 1.02
equal Oracle Fin Ser Software Technology 19.27 4.79 0.00 1.02
equal Sun Pharmaceutical Industries Healthcare 29.53 1.66 0.76 0.85
equal Cadila Healthcare Healthcare 10.10 2.10 0.66 0.79
equal Dr. Reddy's Lab Healthcare 40.25 2.01 0.57 0.63
equal Lupin Healthcare -- 2.03 0.58 0.58

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-Oct-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:


-1.86%

Change from previous, NAV as on 26-Nov-2021

Growth: ₹ 18.6728


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: 30.51%
Benchmark: NIFTY 500 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 324 Cr (As on 31-Oct-2021)
Expense: 0.98% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: --
Turnover: 4.79%

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

Stocks or Equity Funds for the long term?

DateFriday, 10-Dec-2021
Time12:30 PM - 01:00 PM

attending You have reserved a spot