Parag Parikh ELSS Tax Saver Fund Direct Growth

Parag Parikh ELSS Tax Saver Fund Direct Growth

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Equity
Direct
Elss (Tax Savings)
NAV: ₹ 29.24 as on 23-05-2024

About the Fund

Parag Parikh ELSS Tax Saver Fund Direct Growth is an equity fund. This fund was started on 26 July, 2019. The fund is managed by Raunak Onkar, Raj Mehta, Rajeev Thakkar. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Parag Parikh ELSS Tax Saver Fund Direct Growth has ₹3361 Cr worth of assets under management (AUM) as on Apr 2024 and is less than category average.
  2. The fund has an expense ratio 0.6.
Fund Performance
zero opening, trading, fund transfer fee
17683 people have invested ₹ 9.8Cr in Parag Parikh ELSS Tax Saver Fund Direct Growth in the last three months

Overview

Expense ratio
Expense ratio
0.61%
Benchmark
Benchmark
S&P BSE 200 India TR INR
AUM
AUM
₹3361 Cr
Inception Date
Inception Date
26 July, 2019
Min Lumpsum/SIP
Min Lumpsum/SIP
₹500/₹1000
Exit Load
Exit Load
0%
Lock In
Lock In
3 Years
TurnOver
TurnOver
4.77%

Parag Parikh ELSS Tax Saver Fund Direct Growth Distribution as on (30-Apr-24)

  • Equity 82.1%

  • Debt & Cash 17.9%

Size breakup

Large cap
64.2%
Small cap
10.6%
Mid cap
7.3%
Sector Allocation

Apr'24

Mar'24

Feb'24

Financial Services
37.1%
Tech
17.6%
Consumer Cyclical
13.1%
Utilities
9%
Consumer Defensive
8%
Energy
7.2%
Health
4.4%
Basic Materials
2.5%
Industrial
1.1%

Top Holdings of Parag Parikh ELSS Tax Saver Fund Direct Growth as on (30-Apr-24)

  • Equity

  • Debt & Cash

Equity Holdings34
Debt Holdings12

Monthly Changes Updates

All changes are between Feb'24 and Apr'24
Fund Performance
Apr'24
Mar'24
Feb'24
Fund Returns
2.76%
-1.02%
3.11%
Nifty 500
2.46%
-0.47%
1.58%
  • This fund’s returns stands at 2.76% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.46% as on Apr'24
  • This fund outperformed Nifty 500 by 0.29% in Apr'24
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 3.4K Cr
₹ 3.2K Cr
₹ 3K Cr
  • AUM of the fund stands at 3.4K Cr as of Apr'24
  • AUM increased by 185.8 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

INDmoney Rank

Powered by IND quant engine
2
/23
42% Performance
93% Risk Management
74% Cost
2 out of 23 among elss (tax savings)

Pros

Consistently beats benchmark
Lower volatility within category
Lower probablity of downside risk

Cons

Underperforms benchmarks during bull run

Fund Manager

Raunak Onkar
Raunak Onkar
Fund Manager of Parag Parikh ELSS Tax Saver Fund Direct Growth, since 26 July 2019
Raj Mehta
Raj Mehta
Fund Manager of Parag Parikh ELSS Tax Saver Fund Direct Growth, since 26 July 2019
Rajeev Thakkar
Rajeev Thakkar
Fund Manager of Parag Parikh ELSS Tax Saver Fund Direct Growth, since 26 July 2019

Parag Parikh ELSS Tax Saver Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 24.73% since inception which is more than its category average return of 15.9%
Fund Allocations

Fund Allocations

This fund has an allocation of 82.13% in Equity, 2.24% in Debt and 15.62% in Cash related instruments
AUM size ₹3361 Cr

AUM size ₹3361 Cr

This fund has AUM of ₹3361 Cr which is less than its category average of ₹ 3661 Cr
Expense Ratio 0.61%

Expense Ratio 0.61%

This fund has an expense ratio of 0.61% which is less than its category average expense ratio of 1.48%

Frequently Asked Questions

The current NAV of Parag Parikh ELSS Tax Saver Fund Direct Growth is ₹29.24 as on 23-May-2024.
Existing (Absolute + CAGR) as on 23-May-2024.
Parag Parikh ELSS Tax Saver Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.77%
2.77%
6 Month Returns
15.9%
15.9%
1 Year Returns
33.45%
33.45%
3 Years Returns
83.11%
22.34%
5 Years Returns
0%
0%
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  • Select your bank account and proceed with Payment.
0.61% as on April 2024
₹3361 Cr as on April 2024
HDFC Bank Ltd(8.02%), Bajaj Holdings and Investment Ltd(6.74%), Power Grid Corp Of India Ltd(6.39%), Coal India Ltd(5.9%), ICICI Bank Ltd(5.22%) as on April 2024
Financial Services(30.46%), Tech(14.49%), Consumer Cyclical(10.8%) as on April 2024
The alpha ratio for the Parag Parikh ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Parag Parikh ELSS Tax Saver Fund Direct Growth
6.6
7.1
-
As on April 2024
The alpha for Parag Parikh ELSS Tax Saver Fund Direct Growth is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Parag Parikh ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Parag Parikh ELSS Tax Saver Fund Direct Growth
0.58
0.66
-
As on April 2024
The Beta for Parag Parikh ELSS Tax Saver Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Parag Parikh ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Parag Parikh ELSS Tax Saver Fund Direct Growth
3.17
1.64
-
As on April 2024
The sharpe ratio for Parag Parikh ELSS Tax Saver Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Parag Parikh ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Parag Parikh ELSS Tax Saver Fund Direct Growth
7.03
10.07
-
As on April 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 3.57 as on April 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.45 as on April 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Raunak Onkar, Raj Mehta, Rajeev Thakkar are the fund managers of Parag Parikh ELSS Tax Saver Fund Direct Growth
The Exit load of Parag Parikh ELSS Tax Saver Fund Direct Growth is 0%