Parag Parikh Tax Saver Fund Direct Growth
EquityELSS (Tax Savings)Very High Risk
Direct
NAV (25-Jul-24)
Returns (Since Inception)
Fund Overview
Fund Size
₹3,731 Cr
Expense Ratio
0.61%
ISIN
INF879O01100
Minimum SIP
₹500
Exit Load
No Charges
Inception Date
26 Jul 2019
About this fund
As of 25-Jul-24, it has a Net Asset Value (NAV) of ₹31.46, Assets Under Management (AUM) of 3731.20 Crores, and an expense ratio of 0.61%.
- Parag Parikh Tax Saver Fund Direct Growth has given a CAGR return of 25.74% since inception.
- The fund's asset allocation comprises around 84.10% in equities, 2.05% in debts, and 13.85% 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
+35.99%
+37.41% (Cat Avg.)
3 Years
+22.01%
+19.51% (Cat Avg.)
Since Inception
+25.74%
— (Cat Avg.)
Portfolio Summaryas of 30th June 2024
| Equity | ₹3,138 Cr | 84.10% |
| Debt | ₹76.35 Cr | 2.05% |
| Others | ₹516.85 Cr | 13.85% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Clearing Corporation Of India Ltd | Cash - Repurchase Agreement | ₹346.15 Cr | 9.28% |
| HDFC Bank Ltd | Equity | ₹319.91 Cr | 8.57% |
| Bajaj Holdings and Investment Ltd | Equity | ₹290.4 Cr | 7.78% |
| Power Grid Corp Of India Ltd | Equity | ₹235.28 Cr | 6.31% |
| Coal India Ltd | Equity | ₹225.49 Cr | 6.04% |
| ICICI Bank Ltd | Equity | ₹197.53 Cr | 5.29% |
| ITC Ltd | Equity | ₹186.86 Cr | 5.01% |
| Maruti Suzuki India Ltd | Equity | ₹186.1 Cr | 4.99% |
| Maharashtra Scooters Ltd | Equity | ₹166.79 Cr | 4.47% |
| Axis Bank Ltd | Equity | ₹143.03 Cr | 3.83% |
| HCL Technologies Ltd | Equity | ₹133.02 Cr | 3.57% |
| Tata Consultancy Services Ltd | Equity | ₹132.62 Cr | 3.55% |
| Wipro Ltd | Equity | ₹127.08 Cr | 3.41% |
| Kotak Mahindra Bank Ltd | Equity | ₹96.43 Cr | 2.58% |
| Infosys Ltd | Equity | ₹95.91 Cr | 2.57% |
| Balkrishna Industries Ltd | Equity | ₹79.86 Cr | 2.14% |
| NMDC Ltd | Equity | ₹58.78 Cr | 1.58% |
| Motilal Oswal Financial Services Ltd | Equity | ₹50.37 Cr | 1.35% |
| Oracle Financial Services Software Ltd | Equity | ₹44.59 Cr | 1.20% |
| VST Industries Ltd | Equity | ₹42.7 Cr | 1.14% |
| Zydus Lifesciences Ltd | Equity | ₹40.29 Cr | 1.08% |
| Dr Reddy's Laboratories Ltd | Equity | ₹38.95 Cr | 1.04% |
| Indraprastha Gas Ltd | Equity | ₹38.6 Cr | 1.03% |
| CMS Info Systems Ltd | Equity | ₹35.02 Cr | 0.94% |
| Cipla Ltd | Equity | ₹30.58 Cr | 0.82% |
| UTI Asset Management Co Ltd | Equity | ₹28.2 Cr | 0.76% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹24.33 Cr | 0.65% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹24.04 Cr | 0.64% |
| Canara Bank | Cash - CD/Time Deposit | ₹23.99 Cr | 0.64% |
| Union Bank of India | Bond - Gov't Agency Debt | ₹23.94 Cr | 0.64% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹23.92 Cr | 0.64% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹23.86 Cr | 0.64% |
| ICICI Bank Ltd. | Bond - Corporate Bond | ₹23.82 Cr | 0.64% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹23.81 Cr | 0.64% |
| Indian Bank | Bond - Gov't Agency Debt | ₹23.76 Cr | 0.64% |
| Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited) | Cash - CD/Time Deposit | ₹23.48 Cr | 0.63% |
| Ipca Laboratories Ltd | Equity | ₹19.76 Cr | 0.53% |
| Central Depository Services (India) Ltd | Equity | ₹19.42 Cr | 0.52% |
| Multi Commodity Exchange of India Ltd | Equity | ₹19.14 Cr | 0.51% |
| Indian Energy Exchange Ltd | Equity | ₹15.86 Cr | 0.42% |
| CCL Products (India) Ltd | Equity | ₹10.43 Cr | 0.28% |
| ICRA Ltd | Equity | ₹9.73 Cr | 0.26% |
| Swaraj Engines Ltd | Equity | ₹9.15 Cr | 0.25% |
| E I D Parry India Ltd | Equity | ₹8.57 Cr | 0.23% |
| 364 DTB 09012025 | Bond - Gov't/Treasury | ₹4.82 Cr | 0.13% |
| Net Receivables / (Payables) | Cash | ₹3.27 Cr | 0.09% |
| Accelya Solutions India Ltd | Equity | ₹1.56 Cr | 0.04% |
Allocation By Market Cap (Equity)
Large Cap Stocks
65.37%
Mid Cap Stocks
7.55%
Small Cap Stocks
11.17%
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹1,190.02 Cr | 31.89% |
| Technology | ₹534.78 Cr | 14.33% |
| Consumer Cyclical | ₹441.9 Cr | 11.84% |
| Utilities | ₹273.88 Cr | 7.34% |
| Consumer Defensive | ₹239.98 Cr | 6.43% |
| Energy | ₹225.49 Cr | 6.04% |
| Healthcare | ₹129.59 Cr | 3.47% |
| Basic Materials | ₹67.35 Cr | 1.80% |
| Industrials | ₹35.02 Cr | 0.94% |
Risk & Performance Ratios
Standard Deviation
This fund
9.94%
Cat. avg.
12.52%
Lower the better
Sharpe Ratio
This fund
1.57
Cat. avg.
0.97
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.80
Higher the better
Fund Managers
Raj Mehta
Since July 2019
Rajeev Thakkar
Since July 2019
Raunak Onkar
Since July 2019
Rukun Tarachandani
Since May 2022
Mansi Kariya
Since December 2023
Additional Scheme Detailsas of 30th June 2024
ISIN | INF879O01100 | Expense Ratio | 0.61% | Exit Load | No Charges | Fund Size | ₹3,731 Cr | Age | 26 Jul 2019 | Lumpsum Minimum | ₹500 | Fund Status | Open Ended Investment Company | Benchmark | Nifty 500 TR INR |
Investment 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 name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Tata India Tax Savings Fund Direct Growth Very High Risk | 0.7% | 0.0% | ₹4551.18 Cr | 34.0% |
| Tata India Tax Savings Fund Regular Growth Very High Risk | 1.8% | 0.0% | ₹4551.18 Cr | 32.5% |
| Axis Long Term Equity Fund Regular Growth Very High Risk | 1.5% | 0.0% | ₹37106.30 Cr | 29.4% |
| Parag Parikh Tax Saver Fund Direct Growth Very High Risk | 0.6% | 0.0% | ₹3731.20 Cr | 36.0% |
| Parag Parikh Tax Saver Fund Regular Growth Very High Risk | 1.7% | 0.0% | ₹3731.20 Cr | 34.5% |
| Shriram Long Term Equity Fund Direct Growth Very High Risk | 0.8% | 0.0% | ₹54.22 Cr | 41.8% |
| Shriram Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹54.22 Cr | 39.5% |
| ITI Long Term Equity Fund Direct Growth Very High Risk | 0.5% | 0.0% | ₹363.38 Cr | 55.5% |
| ITI Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹363.38 Cr | 52.7% |
| Sundaram Diversified Equity Regular Growth Very High Risk | 2.2% | 0.0% | ₹1649.12 Cr | 25.5% |
About the AMC
Total AUM
₹74,696 Cr
Address
Great Western Building, 1st Floor, Mumbai, 400 001
Other Funds by PPFAS Mutual Fund
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y |
|---|---|---|---|---|
| Parag Parikh Arbitrage Fund Direct Growth Low Risk | 0.3% | 0.0% | ₹786.45 Cr | - |
| Parag Parikh Liquid Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹2237.28 Cr | 7.0% |
| Parag Parikh Conservative Hybrid Fund Direct Growth Moderately High risk | 0.3% | 1.0% | ₹2073.47 Cr | 18.9% |
| Parag Parikh Flexi Cap Fund Direct Growth Very High Risk | 0.6% | 2.0% | ₹71700.48 Cr | 37.6% |
| Parag Parikh Tax Saver Fund Direct Growth Very High Risk | 0.6% | 0.0% | ₹3731.20 Cr | 36.0% |
Risk Level
Your principal amount will be at Very High Risk
Unlock Expert Insights!
Related Articles
Still got questions?
We're here to help.
What is the current NAV of Parag Parikh Tax Saver Fund Direct Growth?
What are the returns of Parag Parikh Tax Saver Fund Direct Growth?
What is the portfolio composition of Parag Parikh Tax Saver Fund Direct Growth?
Who manages the Parag Parikh Tax Saver Fund Direct Growth?
- Raj Mehta
- Rajeev Thakkar
- Raunak Onkar
- Rukun Tarachandani
- Mansi Kariya
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.