Fund Overview

Fund Size

Fund Size

₹2,761 Cr

Expense Ratio

Expense Ratio

0.73%

ISIN

ISIN

INF879O01100

Minimum SIP

Minimum SIP

₹500

Exit Load

Exit Load

No Charges

Inception Date

Inception Date

26 Jul 2019

About this fund

Parag Parikh Tax Saver Fund Direct Growth is a ELSS (Tax Savings) mutual fund schemes offered by PPFAS Mutual Fund. This fund has been in existence for 4 years, 6 months and 26 days, having been launched on 26-Jul-19.
As of 20-Feb-24, it has a Net Asset Value (NAV) of ₹28.43, Assets Under Management (AUM) of 2760.76 Crores, and an expense ratio of 0.73%.
  • Parag Parikh Tax Saver Fund Direct Growth has given a CAGR return of 25.64% since inception.
  • The fund's asset allocation comprises around 87.89% in equities, 0.00% in debts, and 12.11% in cash & cash equivalents.
  • You can start investing in Parag Parikh Tax Saver Fund Direct Growth with a SIP of ₹500 or a Lumpsum investment of ₹500.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+35.42%

+35.86%(Cat. Avg.)

3 Years

+24.33%

+18.92%(Cat. Avg.)

Since Inception

+25.64%

--%(Cat. Avg.)

Portfolio Summaryas of 31st January 2024

Equity2,426.37 Cr87.89%
Others334.4 Cr12.11%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
HDFC Bank LtdEquity220.18 Cr7.98%
Bajaj Holdings and Investment LtdEquity193.07 Cr6.99%
Clearing Corporation Of India LtdCash - Repurchase Agreement189.7 Cr6.87%
Coal India LtdEquity177.25 Cr6.42%
Power Grid Corp Of India LtdEquity161.16 Cr5.84%
HCL Technologies LtdEquity143.63 Cr5.20%
Maruti Suzuki India LtdEquity139.39 Cr5.05%
ICICI Bank LtdEquity139.17 Cr5.04%
ITC LtdEquity136.75 Cr4.95%
Tata Consultancy Services LtdEquity129.62 Cr4.70%
Axis Bank LtdEquity120.71 Cr4.37%
Wipro LtdEquity118.03 Cr4.28%
Maharashtra Scooters LtdEquity115.78 Cr4.19%
Infosys LtdEquity82.56 Cr2.99%
Balkrishna Industries LtdEquity60.7 Cr2.20%
Kotak Mahindra Bank LtdEquity59.22 Cr2.15%
NMDC LtdEquity54.61 Cr1.98%
Motilal Oswal Financial Services LtdEquity41.17 Cr1.49%
VST Industries LtdEquity39.55 Cr1.43%
UTI Asset Management Co LtdEquity34.3 Cr1.24%
Oracle Financial Services Software LtdEquity29.42 Cr1.07%
Zydus Lifesciences LtdEquity29 Cr1.05%
Cipla LtdEquity27.9 Cr1.01%
CMS Info Systems LtdEquity27.32 Cr0.99%
Dr Reddy's Laboratories LtdEquity27.26 Cr0.99%
HDFC Bank LimitedCash - Commercial Paper24.55 Cr0.89%
State Bank Of IndiaCash - CD/Time Deposit24.45 Cr0.89%
ICICI Bank LimitedCash - CD/Time Deposit24.31 Cr0.88%
Bank Of BarodaCash - CD/Time Deposit24.31 Cr0.88%
Kotak Mahindra Bank LimitedCash - CD/Time Deposit23.65 Cr0.86%
National Bank For Agriculture And Rural DevelopmentCash - CD/Time Deposit23.54 Cr0.85%
Net Receivables / (Payables)Cash-23.38 Cr0.85%
Axis Bank LimitedCash - CD/Time Deposit23.26 Cr0.84%
Ipca Laboratories LtdEquity19.6 Cr0.71%
Multi Commodity Exchange of India LtdEquity16.65 Cr0.60%
Central Depository Services (India) LtdEquity14.44 Cr0.52%
Indraprastha Gas LtdEquity13.97 Cr0.51%
Indian Energy Exchange LtdEquity12.96 Cr0.47%
CCL Products (India) LtdEquity11.84 Cr0.43%
ICRA LtdEquity9.16 Cr0.33%
NMDC Steel LtdEquity7.13 Cr0.26%
Swaraj Engines LtdEquity5.71 Cr0.21%
E I D Parry India LtdEquity5.51 Cr0.20%
Accelya Solutions India LtdEquity1.64 Cr0.06%

Allocation By Market Cap (Equity)

Large Cap Stocks

67.95%

Mid Cap Stocks

7.51%

Small Cap Stocks

12.43%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services861.04 Cr31.19%
Technology504.9 Cr18.29%
Consumer Cyclical321.58 Cr11.65%
Consumer Defensive188.13 Cr6.81%
Energy177.25 Cr6.42%
Utilities175.13 Cr6.34%
Healthcare103.75 Cr3.76%
Basic Materials67.25 Cr2.44%
Industrials27.32 Cr0.99%

Risk & Performance Ratios

Standard Deviation

This fund

9.92%

Cat. avg.

13.27%

Lower the better

Sharpe Ratio

This fund

1.77

Cat. avg.

1.15

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

2.30

Higher the better

Fund Managers

RM

Raj Mehta

Since July 2019

RT

Rajeev Thakkar

Since July 2019

RO

Raunak Onkar

Since July 2019

RT

Rukun Tarachandani

Since May 2022

MK

Mansi Kariya

Since December 2023

Additional Scheme Detailsas of 31st January 2024

ISININF879O01100Expense Ratio0.73%Exit LoadNo ChargesFund Size₹2,761 CrAge26 Jul 2019Lumpsum Minimum₹500Fund StatusOpen Ended Investment CompanyBenchmarkNifty 500 TR INR

Investment ObjectiveInvestment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Withdrawal within 1 year

Flat 15% tax on realised gains (STCG - short term capital gains)

Withdrawal after 1 year

10% tax on realised gains above Rs. 1 lakh per financial year (LTCG - long term capital gains)

Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar ELSS (Tax Savings) Funds

Fund nameExpense RatioExit LoadFund size
1Y
Tata India Tax Savings Fund Direct Growth

Very High Risk

0.7%0.0%₹3986.57 Cr30.0%
Tata India Tax Savings Fund Regular Growth

Very High Risk

1.8%0.0%₹3986.57 Cr28.5%
Axis Long Term Equity Fund Regular Growth

Very High Risk

1.5%0.0%₹33526.42 Cr28.5%
Parag Parikh Tax Saver Fund Direct Growth

Very High Risk

0.7%0.0%₹2760.76 Cr35.4%
Parag Parikh Tax Saver Fund Regular Growth

Very High Risk

1.8%0.0%₹2760.76 Cr33.9%
Shriram Long Term Equity Fund Direct Growth

Very High Risk

0.8%0.0%₹46.62 Cr38.7%
Shriram Long Term Equity Fund Regular Growth

Very High Risk

2.5%0.0%₹46.62 Cr36.4%
ITI Long Term Equity Fund Direct Growth

Very High Risk

0.5%0.0%₹266.71 Cr50.1%
ITI Long Term Equity Fund Regular Growth

Very High Risk

2.3%0.0%₹266.71 Cr47.4%
Sundaram Diversified Equity Regular Growth

Very High Risk

2.2%0.0%₹1602.72 Cr25.9%

About the AMC

PPFAS Mutual Fund

PPFAS Mutual Fund

Total AUM

₹58,665 Cr

Address

Great Western Building, 1st Floor, Mumbai, 400 001

Other Funds by PPFAS Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
Parag Parikh Arbitrage Fund Direct Growth

Low Risk

0.4%0.0%₹298.51 Cr-
Parag Parikh Liquid Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹2054.42 Cr6.8%
Parag Parikh Conservative Hybrid Fund Direct Growth

Moderately High risk

0.3%1.0%₹1794.87 Cr17.6%
Parag Parikh Flexi Cap Fund Direct Growth

Very High Risk

0.6%2.0%₹55034.05 Cr42.0%
Parag Parikh Tax Saver Fund Direct Growth

Very High Risk

0.7%0.0%₹2760.76 Cr35.4%

Risk Level

Your principal amount will be at Very High Risk

Very High Risk

Returns Calculator

Total investment of --

Would have become

--

----

A monthly SIP of ₹500 in this fund over the past 1 year(s) with a yearly stepup of 0% would be valued at ₹0 today.

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The NAV of Parag Parikh Tax Saver Fund Direct Growth, as of 20-Feb-2024, is ₹28.43.
The fund has generated 35.42% over the last 1 year and 24.33% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
The fund's allocation of assets is distributed as 87.89% in equities, 0.00% in bonds, and 12.11% in cash and cash equivalents.
The fund managers responsible for Parag Parikh Tax Saver Fund Direct Growth are:-
  1. Raj Mehta
  2. Rajeev Thakkar
  3. Raunak Onkar
  4. Rukun Tarachandani
  5. Mansi Kariya