Parag Parikh ELSS Tax Saver Fund Direct Growth
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
- Parag Parikh ELSS Tax Saver Fund Direct Growth has ₹3731 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
- The fund has an expense ratio 0.6.
Returns
Parag Parikh ELSS Tax Saver Fund Direct Growth has given a CAGR return of 25.79% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 36.37% and 22.07% respectively.
Holdings
Parag Parikh ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Corporate, Tech, Consumer Cyclical, Utilities, Consumer Defensive, Energy, Government, Health, Basic Materials, Industrial. Its top holdings are HDFC Bank Ltd, Bajaj Holdings and Investment Ltd, Power Grid Corp Of India Ltd, Coal India Ltd, ICICI Bank Ltd
Taxation
As it is a elss (tax savings) mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Parag Parikh ELSS Tax Saver Fund Direct Growth
The investment objective of the Scheme is 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) However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 1000.00. There is a lock in period for Parag Parikh ELSS Tax Saver Fund Direct Growth of 3 Years
INDmoney Rank
Fund Overview
| Expense ratio | 0.61% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹3731 Cr |
| Inception Date | 26 July, 2019 |
| Min Lumpsum/SIP | ₹500/₹1000 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 4.77% |
| Risk |   Very High Risk |
Fund Distributionas on (30-Jun-24)
as on (30-Jun-24)
Returns for the month of Jun
Top Growth Drivers | 1M Return |
|---|---|
 Maharashtra Scooters Ltd | 4.7% |
 Wipro Ltd | 2% |
Parag Parikh ELSS Tax Saver Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹3731 Cr
Expense Ratio 0.61%
Frequently Asked Questions
Parag Parikh ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.99% | 3.99% |
6 Month Returns | 16.66% | 16.66% |
1 Year Returns | 36.37% | 36.37% |
3 Years Returns | 81.88% | 22.07% |
5 Years Returns | 0% | 0% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Parag Parikh ELSS Tax Saver Fund Direct Growth | 5.79 | 6.76 | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Parag Parikh ELSS Tax Saver Fund Direct Growth | 0.64 | 0.65 | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Parag Parikh ELSS Tax Saver Fund Direct Growth | 2.81 | 1.57 | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Parag Parikh ELSS Tax Saver Fund Direct Growth | 8.12 | 9.94 | - |