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Fund Overview

Fund Size

Fund Size

₹3,454 Cr

Expense Ratio

Expense Ratio

1.71%

ISIN

ISIN

INF879O01092

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 Regular Growth is a ELSS (Tax Savings) mutual fund schemes offered by PPFAS Mutual Fund. This fund has been in existence for 4 years, 10 months and 17 days, having been launched on 26-Jul-19.
As of 11-Jun-24, it has a Net Asset Value (NAV) of ₹27.90, Assets Under Management (AUM) of 3454.03 Crores, and an expense ratio of 1.71%.
  • Parag Parikh Tax Saver Fund Regular Growth has given a CAGR return of 23.38% since inception.
  • The fund's asset allocation comprises around 82.44% in equities, 2.20% in debts, and 15.37% in cash & cash equivalents.
  • You can start investing in Parag Parikh Tax Saver Fund Regular 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

+32.63%

+37.83% (Cat Avg.)

3 Years

+20.40%

+18.61% (Cat Avg.)

Since Inception

+23.38%

(Cat Avg.)

Portfolio Summaryas of 31st May 2024

Equity2,847.33 Cr82.44%
Debt75.9 Cr2.20%
Others530.8 Cr15.37%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
Clearing Corporation Of India LtdCash - Repurchase Agreement366.12 Cr10.60%
HDFC Bank LtdEquity290.98 Cr8.42%
Bajaj Holdings and Investment LtdEquity245.02 Cr7.09%
Coal India LtdEquity222.48 Cr6.44%
Power Grid Corp Of India LtdEquity220.39 Cr6.38%
ICICI Bank LtdEquity174.74 Cr5.06%
ITC LtdEquity172.53 Cr5.00%
Maruti Suzuki India LtdEquity169.67 Cr4.91%
Maharashtra Scooters LtdEquity137.9 Cr3.99%
Axis Bank LtdEquity131.38 Cr3.80%
Tata Consultancy Services LtdEquity124.7 Cr3.61%
HCL Technologies LtdEquity120.67 Cr3.49%
Wipro LtdEquity108.16 Cr3.13%
Kotak Mahindra Bank LtdEquity89.9 Cr2.60%
Infosys LtdEquity86.12 Cr2.49%
Balkrishna Industries LtdEquity75.43 Cr2.18%
NMDC LtdEquity62.15 Cr1.80%
Motilal Oswal Financial Services LtdEquity45.48 Cr1.32%
VST Industries LtdEquity43.16 Cr1.25%
Zydus Lifesciences LtdEquity37.52 Cr1.09%
Oracle Financial Services Software LtdEquity33.64 Cr0.97%
Dr Reddy's Laboratories LtdEquity33.39 Cr0.97%
CMS Info Systems LtdEquity31.4 Cr0.91%
Indraprastha Gas LtdEquity30.56 Cr0.88%
Cipla LtdEquity29.89 Cr0.87%
UTI Asset Management Co LtdEquity25.61 Cr0.74%
Kotak Mahindra Bank LimitedCash - CD/Time Deposit24.28 Cr0.70%
National Bank For Agriculture And Rural DevelopmentCash - CD/Time Deposit24.18 Cr0.70%
Axis Bank LimitedCash - CD/Time Deposit23.9 Cr0.69%
Canara BankCash - CD/Time Deposit23.85 Cr0.69%
Union Bank of IndiaBond - Gov't Agency Debt23.8 Cr0.69%
Punjab National BankCash - CD/Time Deposit23.78 Cr0.69%
Bank Of BarodaCash - CD/Time Deposit23.71 Cr0.69%
ICICI Bank Ltd.Bond - Corporate Bond23.69 Cr0.69%
HDFC Bank LimitedCash - CD/Time Deposit23.67 Cr0.69%
Indian BankBond - Gov't Agency Debt23.62 Cr0.68%
Ipca Laboratories LtdEquity20.15 Cr0.58%
Multi Commodity Exchange of India LtdEquity17.71 Cr0.51%
Central Depository Services (India) LtdEquity16.92 Cr0.49%
Indian Energy Exchange LtdEquity13.45 Cr0.39%
CCL Products (India) LtdEquity10.1 Cr0.29%
ICRA LtdEquity9.37 Cr0.27%
Swaraj Engines LtdEquity7.82 Cr0.23%
E I D Parry India LtdEquity7.49 Cr0.22%
364 DTB 09012025Bond - Gov't/Treasury4.8 Cr0.14%
Net Receivables / (Payables)Cash-2.69 Cr0.08%
Accelya Solutions India LtdEquity1.45 Cr0.04%

Allocation By Market Cap (Equity)

Large Cap Stocks

64.27%

Mid Cap Stocks

7.51%

Small Cap Stocks

10.65%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services1,060.56 Cr30.70%
Technology474.74 Cr13.74%
Consumer Cyclical390.82 Cr11.31%
Utilities250.94 Cr7.27%
Consumer Defensive225.8 Cr6.54%
Energy222.48 Cr6.44%
Healthcare120.96 Cr3.50%
Basic Materials69.64 Cr2.02%
Industrials31.4 Cr0.91%

Risk & Performance Ratios

Standard Deviation

This fund

9.65%

Cat. avg.

12.52%

Lower the better

Sharpe Ratio

This fund

1.35

Cat. avg.

0.97

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

1.80

Higher the better

Fund Managers

RM

Raj Mehta

Since July 2019

Rajeev Thakkar

Rajeev Thakkar

Since July 2019

Raunak Onkar

Raunak Onkar

Since July 2019

RT

Rukun Tarachandani

Since May 2022

MK

Mansi Kariya

Since December 2023

Additional Scheme Detailsas of 31st May 2024

ISININF879O01092Expense Ratio1.71%Exit LoadNo ChargesFund Size₹3,454 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%₹4196.77 Cr36.5%
Tata India Tax Savings Fund Regular Growth

Very High Risk

1.8%0.0%₹4196.77 Cr35.0%
Axis Long Term Equity Fund Regular Growth

Very High Risk

1.5%0.0%₹34895.64 Cr28.9%
Parag Parikh Tax Saver Fund Direct Growth

Very High Risk

0.6%0.0%₹3454.03 Cr34.1%
Parag Parikh Tax Saver Fund Regular Growth

Very High Risk

1.7%0.0%₹3454.03 Cr32.6%
Shriram Long Term Equity Fund Direct Growth

Very High Risk

0.8%0.0%₹49.62 Cr42.3%
Shriram Long Term Equity Fund Regular Growth

Very High Risk

2.3%0.0%₹49.62 Cr40.0%
ITI Long Term Equity Fund Direct Growth

Very High Risk

0.5%0.0%₹325.14 Cr60.0%
ITI Long Term Equity Fund Regular Growth

Very High Risk

2.3%0.0%₹325.14 Cr57.1%
Sundaram Diversified Equity Regular Growth

Very High Risk

2.2%0.0%₹1577.96 Cr28.1%

About the AMC

Total AUM

₹71,926 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

0.3%0.0%₹573.46 Cr-
Parag Parikh Liquid Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹2159.25 Cr7.0%
Parag Parikh Conservative Hybrid Fund Direct Growth

Moderately High risk

0.3%1.0%₹1986.62 Cr17.6%
Parag Parikh Flexi Cap Fund Direct Growth

Very High Risk

0.6%2.0%₹63933.76 Cr38.3%
Parag Parikh Tax Saver Fund Direct Growth

Very High Risk

0.6%0.0%₹3454.03 Cr34.1%

Risk Level

Your principal amount will be at Very High Risk

Very High Risk
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The NAV of Parag Parikh Tax Saver Fund Regular Growth, as of 11-Jun-2024, is ₹27.90.
The fund has generated 32.63% over the last 1 year and 20.40% 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 82.44% in equities, 2.20% in bonds, and 15.37% in cash and cash equivalents.
The fund managers responsible for Parag Parikh Tax Saver Fund Regular Growth are:-
  1. Raj Mehta
  2. Rajeev Thakkar
  3. Raunak Onkar
  4. Rukun Tarachandani
  5. Mansi Kariya