Parag Parikh ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV: ₹ 28.74 as on 29-04-2024
Fund Performance
18742 people have invested ₹ 10.9Cr in Parag Parikh ELSS Tax Saver Fund Direct Growth in the last three months
INDmoney Rank
Powered by IND quant engine
2
/23
48% Performance
96% 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
About the Parag Parikh ELSS Tax Saver Fund Direct Growth
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 ₹3175 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 0.7.
Overview
 | 0.69% |
 Benchmark | S&P BSE 200 India TR INR |
 | ₹3175 Cr |
 | 26 July, 2019 |
 | ₹500/₹1000 |
 | 0% |
 | 3 Years |
 TurnOver | 4.77% |
Parag Parikh ELSS Tax Saver Fund Direct Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
64.6%
Small cap
10%
Mid cap
7.4%
Sector Allocation
Financial Services
35.5%
Tech
19.5%
Consumer Cyclical
13.3%
Utilities
8.5%
Consumer Defensive
8.1%
Energy
7.3%
Health
4.7%
Basic Materials
2.1%
Industrial
1.1%
Top Holdings of Parag Parikh ELSS Tax Saver Fund Direct Growth as on (31-Mar-24)
Equity Holdings34
Debt Holdings9
Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at -1.02% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund underperformed Nifty 500 by 0.56% in Mar'24
AUM Change
- AUM of the fund stands at 3.2K Cr as of Mar'24
- AUM increased by 177.7 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 ITC Ltd | 3.1% |
 Maruti Suzuki India Ltd | 1.1% |
Top Losers | 1M Return |
|---|---|
 HCL Technologies Ltd | -5.3% |
 Wipro Ltd | -4.2% |
 Bajaj Holdings & Investment Ltd | -3.1% |
Peer Analysis
Fund Manager
Raunak Onkar
Fund Manager of Parag Parikh ELSS Tax Saver Fund Direct Growth, since 26 July 2019
Top funds managed
Raj Mehta
Fund Manager of Parag Parikh ELSS Tax Saver Fund Direct Growth, since 26 July 2019
Top funds managed
Rajeev Thakkar
Fund Manager of Parag Parikh ELSS Tax Saver Fund Direct Growth, since 26 July 2019
Top funds managed
Parag Parikh ELSS Tax Saver Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 24.78% since inception which is more than its category average return of 15.77%
Fund Allocations
This fund has an allocation of 81.93% in Equity, 0.89% in Debt and 17.18% in Cash related instruments
AUM size ₹3175 Cr
This fund has AUM of ₹3175 Cr which is less than its category average of ₹ 3525 Cr
Expense Ratio 0.69%
This fund has an expense ratio of 0.69% 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 ₹28.74 as on 29-Apr-2024.
Existing (Absolute + CAGR) as on 29-Apr-2024.
Parag Parikh ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.24% | 3.24% |
6 Month Returns | 20.23% | 20.23% |
1 Year Returns | 34.52% | 34.52% |
3 Years Returns | 89.93% | 23.84% |
5 Years Returns | 0% | 0% |
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0.69% as on March 2024
₹3175 Cr as on March 2024
HDFC Bank Ltd(7.91%), Bajaj Holdings and Investment Ltd(6.61%), Power Grid Corp Of India Ltd(6.01%), Coal India Ltd(5.97%), Maruti Suzuki India Ltd(5.43%) as on March 2024
Financial Services(29.06%), Tech(15.95%), Consumer Cyclical(10.93%) as on March 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 | 7.3 | 7.58 | - |
As on March 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 | 0.59 | 0.66 | - |
As on March 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 | 3.3 | 1.62 | - |
As on March 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 | 7.29 | 10.06 | - |
As on March 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 3.54 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.59 as on March 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%