Parag Parikh Tax Saver Fund Direct Growth
Parag Parikh Tax Saver Fund Direct Growth

Parag Parikh Tax Saver Fund Direct Growth

Compare
Equity
Direct
Elss (Tax Savings)

NAV: ₹ 21.3 as on 06-12-2022

Fund Performance
zero opening, trading, fund transfer fee
5397 people have invested ₹ 2.3Cr in mutual fund in the last three months

INDmoney Rank

Powered by IND quant engine
2
/24
56% Performance
90% Risk Management
65% Cost
2 out of 24 among elss (tax savings)
Pros
Generated Consistent Returns
Consistently beats benchmark
Lower volatility within category
Cons
Underperforms benchmarks during bull run

Fund Performance

Return
1M
3M
6M
1Y
3Y
This Fund
0.8%
6.4%
13.4%
13.6%
26%
Benchmark
2%
3.9%
14.3%
7.3%
18.1%
Category
-1.8%
2.4%
13.4%
13%
8.5%
About the Fund

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

Key parameters

1) Parag Parikh Tax Saver Fund Direct Growth has a NAV of 21.27 as on 06-12-2022.

2) Parag Parikh Tax Saver Fund Direct Growth has 848 Cr worth of assets under management (AUM) as on 31-10-2022 and is less than category average.

3) The fund has an expense ratio 0.83 %.

Fund Overview

Expense ratio
Expense ratio
0.83%
Benchmark
Benchmark
S&P BSE 200 India TR INR
AUM
AUM
₹848 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
7.57%

Fund Distribution

  • Equity 88.1%
  • Debt & Cash 11.9%
Size breakup
Large cap
68.6%
Small cap
13.1%
Mid cap
6%

Sector Allocation

Oct'22

Sep'22

Aug'22

Financial Services

38.4%

Tech

16.7%

Consumer Cyclical

15.2%

Consumer Defensive

8.7%

Energy

5.8%

Utilities

5.7%

Health

5.6%

Industrial

2.3%

Basic Materials

1.5%

Top Holdings

  • All
  • Equity
  • Debt & Cash
Total Holdings29
Equity Holdings28
Debt Holdings1

What changed

in last one month
  • Scheme
  • Portfolio
AUM increased by 79.1 Cr in last 1M
Oct'22 return outperformed benchmark

Change in AUM

Oct'22
₹ 848.2 Cr
Sep'22
₹ 769.1 Cr
Aug'22
₹ 733.5 Cr

Fund Returns vs Benchmark

Oct'22
6.16%
5.37%
Sep'22
-0.00%
Aug'22
3.08%
3.22%
Fund Return
Benchmark Return

Concentration Analysis

Fund
Oct'22
Oct'22
Aug'22
No of Holdings
29
29
29
Top 5 Company Concentration
34.1%
35.1%
34.7%
Company having highest exposure
Bajaj Holdings and Investment Ltd (8.4%)
Bajaj Holdings and Investment Ltd (8.9%)
Housing Development Finance Corp Ltd (8.1%)
No of Sectors
10
10
10
Top 5 Sectors Concentration
81.6%
81%
83%
Sector having highest exposure
Financial Services (33.9%)
Financial Services (34.2%)
Financial Services (34.2%)

Fund Manager

Raj Mehta

Raj Mehta

Managing this fund since 26 July 2019

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Parag Parikh Tax Saver Fund Direct Growth
25.82%
17.73%
Parag Parikh Liquid Fund Direct Growth
3.82%
1.29%
Parag Parikh Flexi Cap Direct Growth
24.67%
17.59%
Rajeev Thakkar

Rajeev Thakkar

Managing this fund since 26 July 2019

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Parag Parikh Tax Saver Fund Direct Growth
25.82%
17.73%
Parag Parikh Flexi Cap Direct Growth
24.67%
17.59%
Raunak Onkar

Raunak Onkar

Managing this fund since 26 July 2019

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Parag Parikh Tax Saver Fund Direct Growth
25.82%
17.73%
Parag Parikh Flexi Cap Direct Growth
24.67%
17.59%
Rukun Tarachandani

Rukun Tarachandani

Managing this fund since 16 May 2022

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Parag Parikh Tax Saver Fund Direct Growth
25.82%
17.73%
Parag Parikh Flexi Cap Direct Growth
24.67%
17.59%

AMC details

Address
PPFAS Asset Management Pvt. Ltd.,Great Western Building, 1st Floor,,130/132, S.B.S. Marg, Opp. Lion Gate,,Fort,
Phone
+912261406555
Fund House
PPFAS Asset Management Pvt. Ltd

Fund Highlights

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 25.1% since inception which is more than its category average return of 13.78%
Fund Allocations

Fund Allocations

This fund has an allocation of 88.11% in Equity, 0% in Debt and 11.89% in Cash related instruments
AUM size ₹848 Cr

AUM size ₹848 Cr

This fund has AUM of ₹848 Cr which is less than its category average of ₹ 2695 Cr
Expense Ratio 0.83%

Expense Ratio 0.83%

This fund has an expense ratio of 0.83% which is less than its category average expense ratio of 1.59%

Frequently Asked Questions

The current NAV of Parag Parikh Tax Saver Fund Direct Growth is 21.27.
Existing (Absolute + CAGR)
Parag Parikh Tax Saver Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.09%
1.09%
6 Month Returns
13.39%
13.39%
1 Year Returns
11.84%
11.84%
3 Years Returns
99.16%
25.82%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • 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.
0.83 as on November 2022
848 Cr as on November 2022
Bajaj Holdings and Investment Ltd(8.37%),Housing Development Finance Corp Ltd(7.4%),ITC Ltd(6.57%),ICICI Bank Ltd(6.04%),Axis Bank Ltd(5.74%) as on November 2022
Financial Services(33.87%),Tech(14.73%),Consumer Cyclical(13.43%) as on November 2022
The alpha ratio for the Parag Parikh Tax Saver Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Parag Parikh Tax Saver Fund Direct Growth
5.33
8.99
-
As on month end.
The alpha for Parag Parikh 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 Tax Saver Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Parag Parikh Tax Saver Fund Direct Growth
0.66
0.73
-
As on month end.
The Beta for Parag Parikh 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 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 Tax Saver Fund Direct Growth
0.81
1.12
-
As on month end.
The sharpe ratio for Parag Parikh 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 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 Tax Saver Fund Direct Growth
11.8
18.36
-
As on month end.
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.
1.62
0.68
Raj Mehta,Rajeev Thakkar,Raunak Onkar,Rukun Tarachandani are the fund managers of Parag Parikh Tax Saver Fund Direct Growth
The Exit load of Parag Parikh Tax Saver Fund Direct Growth is 0%

Mutual Fund execution provided by

Technology facilitation Services provided by Finzoom Investment Advisors Pvt. Ltd. - Advisory unit. SEBI Registered Investment Advisor: INA100012190 | BASL Registration No. 1154 | BSE StarMF Platform code: 24801

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.