Parag Parikh Tax Saver Fund
NAV Growth: Rs 22.1417
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.
But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
The Scheme seeks 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)
Fund Manager:
1) Rajeev Thakkar
Education: Mr.Thakkar is a Chartered Accountant, Cost Accountant, CFA, and CFP.
Experience: He has been associated with PPFAS AMC since 2013.
2) Rukun Tarachandani
Education: Mr. Tarachandani has done B Tech (Information Technology), PGPM (Finance), CFA and CQF.
Experience: Prior to joining PPFAS Mutual Fund, he has worked with Kotak Mutual Fund, Goldman Sachs, Unnati Investment Management & Research Group.
3) Raj Mehta
Education: Mr. Mehta is a Commerce Graduate from University of Mumbai (N.M. College) ; Fellow Member of Institute of Chartered Accountants of India (ICAI) ; CFA Charter Holder.
Experience: Beginning his career as an intern with PPFAS Mutual Fund in 2012, he swiftly moved up the ranks, and is currently part of the Fund Management team.
4) Raunak Onkar
Education: Mr.Onkar is an MMS (Finance) from the University of Mumbai.
Experience: He joined PPFAS as a research analyst. He was appointed as Head- research in the year 2011. He is working with the company as an Associate Fund Manager.
Investment Details
Min. Investment (Rs) | 500 |
Min. Addl Investment (Rs) | 500 |
Min. SIP Investment (Rs) | 1,000 |
Min. Withdrawal (Rs) | 500 |
Min. No of Cheques | 6 |
Min. Balance (Rs) | — |
Lock-in Period | 3 Years |
Exit Load | 0 |
Basic Details
Fund House | PPFAS Mutual Fund |
Launch Date | 24-Jul-19 |
Return Since Launch | 22.69% |
Benchmark | NIFTY 500 TRI |
Riskometer | Very High |
Type | Open-ended |
Assets | Rs 1,642 Cr |
(As on 31-May-2023) | |
Expense | 0.80% |
(As on 30-Apr-2023) | |
Risk Grade | Low |
Return Grade | High |
Turnover | 4.09% |
Parag Parikh Tax Saver Fund Trailing Returns (%)
Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
Parag Parikh Tax Saver Dir | 6.77 | 0.21 | 1.44 | 5.81 | 4.79 | 19.29 | 30.37 | — | — | — |
S&P BSE 500 TRI | 3.47 | 0.31 | 3.10 | 8.80 | 1.03 | 16.74 | 26.48 | — | — | — |
Equity: ELSS | 5.53 | 0.34 | 3.46 | 8.55 | 3.11 | 19.22 | 26.44 | — | — | — |
Rank within category | 10 | 30 | 38 | 36 | 9 | 17 | 3 | — | — | — |
Number of funds in category | 36 | 38 | 38 | 37 | 35 | 34 | 34 | 31 | 29 | 25 |
Parag Parikh Tax Saver Fund Peer Comparison
Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
Parag Parikh Tax Saver Dir | 5 star | 19.29 | 30.37 | — | 0.80 | 1,642 | 22.69 | — | 3yrs 10mo | 4.09 |
Mirae Asset Tax Saver Dir | 5 star | 16.31 | 28.74 | 16.41 | 0.45 | 15,838 | 18.90 | — | 7yrs 5mo | 82.00 |
SBI LT Eqt Dir | 4 star | 25.78 | 29.08 | 13.79 | 1.07 | 13,538 | 14.40 | — | 10yrs 5mo | 15.00 |
DSP Tax Saver Dir | 4 star | 17.59 | 27.61 | 14.81 | 0.78 | 10,877 | 16.50 | — | 10yrs 5mo | 34.00 |
Canara Robeco Eqt Tax Saver Dir | 5 star | 18.74 | 27.62 | 16.30 | 0.56 | 5,473 | 15.33 | — | 10yrs 5mo | 24.00 |
Portfolio Analysis
No. of Stocks | 30 |
Top 10 Stocks | 56.73% |
Top 5 Stocks | 32.54% |
Top 3 Sectors | 57.66% |
Portfolio P/B Ratio | 2.09 |
Portfolio P/E Ratio | 16.96 |
Portfolio Breakup
Fund | Category | |
Average Mkt Cap (Rs Cr) | 1,53,386 | 1,60,245 |
Giant (%) | 68.83 | 55.65 |
Large (%) | 12.81 | 18.29 |
Mid (%) | 5.17 | 21.89 |
Small (%) | 13.19 | 7.29 |
Tiny (%) | — | 0.35 |
Chanakya’s Mutual Fund Guidance For Parag Parikh Tax Saver Fund
Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.
Apply Online: https://selfinvest.ppfas.com/investor/new?
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