Overview
Parag Parikh ELSS Tax Saver Fund Direct Growth
PPFAS Mutual Fund
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)
Investments in Parag Parikh ELSS Tax Saver Fund Direct Growth are subject to market risks. Please read the offer document carefully before investing to understand the potential market risks and rewards.
Latest NAV
₹ 32.6464
Fund Size (AUM)
₹4905.72 Cr
Risk
Moderately High (Risk rating: 4/10)
Minimum Investment
Lumpsum: ₹ 500
SIP: ₹1000
Launch Date
24-Jul-2019
Expense Ratio
0.63%
Exit Load
Nil
Benchmark
NIFTY 500 Total Return Index
Standard Deviation
10.52
History
Performance & Ratios
1-Year SIP Return
-2.89%
3-Year SIP Return
16.75%
5-Year SIP Return
20.48%
Mean Return
19.92%
Alpha
6.73
Beta
0.65
Sharpe Ratio
1.12
Sortino Ratio
1.78
Information Ratio
0.6
Returns
| 1Y | 3Y | 5Y | All Time | |
|---|---|---|---|---|
| Fund Returns | 16.5% | 18.89% | 29.92% | 27.45% |
| Category Average | 8.98% | 15.47% | 24.59% | N/A |
| Rank Within Category | 5 | 7 | 5 | N/A |
Holdings (48)
| Company | Sector | Instrument | Assets |
|---|---|---|---|
| Bajaj Holdings & Investment Ltd. | Financial | Equity | 8.62% |
| HDFC Bank Ltd. | Financial | Equity | 8.11% |
| Power Grid Corporation Of India Ltd. | Energy | Equity | 6.25% |
| Coal India Ltd. | Energy | Equity | 5.96% |
| Maharashtra Scooters Ltd. | Automobile | Equity | 5.74% |
| ICICI Bank Ltd. | Financial | Equity | 4.93% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 4.52% |
| ITC Ltd. | Consumer Staples | Equity | 4.48% |
| Infosys Ltd. | Technology | Equity | 3.81% |
| HCL Technologies Ltd. | Technology | Equity | 3.8% |
Holdings Analysis
Peer Comparison
Peer Comparison
| Fund Name | AUM (₹ Cr) | 1Y Return (%) | 3Y Return (%) | Expense Ratio (%) | Rating |
|---|---|---|---|---|---|
| SBI Long Term Equity Fund Direct Plan Growth | 27730.33 | 10.73 | 23.93 | 0.95 | N/A |
| Motilal Oswal ELSS Tax Saver Fund Direct Growth | 3816.77 | 12.31 | 23.88 | 0.7 | N/A |
| HDFC ELSS Tax Saver Fund Direct Plan Growth | 15555.71 | 17.21 | 22.66 | 1.11 | N/A |
| Parag Parikh ELSS Tax Saver Fund Direct Growth | 4905.72 | 16.5 | 18.89 | 0.63 | N/A |
| Quantum ELSS Tax Saver Fund Direct Growth | 209.18 | 13.07 | 18.26 | 0.89 | N/A |
SIP, STP & SWP Details
Systematic Investment Plan (SIP):
Frequency: Monthly
Min Amount: ₹ 1000
Multiplier: 500
Systematic Transfer Plan (STP):
Frequency: MONTHLY
Dates: Any day of the month
Min Amount: ₹ 500
Min Installments: 6
Systematic Withdrawal Plan (SWP):
Frequency: MONTHLY
Dates: 1, 5, 10, 15, 20, 25
Min Amount: ₹ 1000
Min Installments: 12
AMC Details
Asset Management Company
PPFAS Mutual Fund
PPFAS Mutual Fund started their mutual fund on 10/10/2012 and its managing total assets of ₹821 Cr. Its ranked at 34 as per total assets at end of 30th Sep 2017. PPFAS Mutual Fund employs robust strategies to manage market risks, but investments remain subject to market risks. Please read the fund’s documentation for detailed risk management policies.
Parag Parikh Asset Management was launched on 10th October 2012 an is promoted by arag Parikh Financial Advisory Services Pvt. Ltd, a financial advisory firm incorporated in 1992. The mission of this mutual fund is to provide prudent fund management so that investors can attain their long-term financial goals.
The tagline of the company is 'There's only one right way'. They believe in simplifying the process of investing for their clients and that is their main motive.
It provides a host of mutual funds to investors and they also invest in various schemes across different market capitalization.Their simplistic way of managing funds and providing transparent service to investors makes them popular in the mutual fund industry.
Launch Date
2012-10-10T00:00:00.717Z
Total AUM
₹ 100250.21 Cr
Address
702-705, 7th Floor, 349 Business Point Commercial Premises Co-op. Society Ltd.,Western Express Highway,Andheri (East), Mumbai 400069
Phone
022 6906 6100, 91 22 6140 6555
Website
Sub Type
Contra
Sub Type Info
Contra funds follow Contrarian strategy which means investing in stocks in contrast to the prevailing sentiment. Minimum investment in equity is 65%.
Tax Impact
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Stamp Duty
0.005% (from July 1st, 2020)
Fund Manager Details
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Parag Parikh ELSS Tax Saver Fund Direct Growth
PPFAS Mutual Fund
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Frequently Asked Questions
How is the overall rating calculated?
The overall rating for Parag Parikh ELSS Tax Saver Fund Direct Growth is an aggregate score based on performance metrics (returns over 1, 3, and 5 years), risk-adjusted returns (Sharpe and Sortino ratios), and consistency relative to its category. Ratings are on a scale of 1 to 5, with 5 being the highest.
What are the top stocks of Parag Parikh ELSS Tax Saver Fund Direct Growth?
The top stocks held by Parag Parikh ELSS Tax Saver Fund Direct Growth include Bajaj Holdings & Investment Ltd., HDFC Bank Ltd., Power Grid Corporation Of India Ltd..
Which industries does Parag Parikh ELSS Tax Saver Fund Direct Growth invest in?
Parag Parikh ELSS Tax Saver Fund Direct Growth primarily invests in the following industries: Financial, Energy, Automobile.
Who are the fund managers of Parag Parikh ELSS Tax Saver Fund Direct Growth?
The fund managers of Parag Parikh ELSS Tax Saver Fund Direct Growth are Rajeev Thakkar and Raunak Onkar and Raj Mehta and Rukun Tarachandani and Mansi Kariya.
How many years has the fund manager been managing Parag Parikh ELSS Tax Saver Fund Direct Growth?
Rajeev Thakkar:
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Raunak Onkar:
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Raj Mehta:
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Rukun Tarachandani:
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Mansi Kariya:
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What is the minimum investment for Parag Parikh ELSS Tax Saver Fund Direct Growth?
The minimum investment for Parag Parikh ELSS Tax Saver Fund Direct Growth is ₹500 for lumpsum investments and ₹1000 for SIPs.
What are the average 1-year returns for Parag Parikh ELSS Tax Saver Fund Direct Growth?
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What are the average 3-year returns for Parag Parikh ELSS Tax Saver Fund Direct Growth?
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What is the expense ratio of Parag Parikh ELSS Tax Saver Fund Direct Growth, and how does it compare to its category?
The expense ratio of Parag Parikh ELSS Tax Saver Fund Direct Growth is 0.63%. The average expense ratio for similar funds in the Equity is Calculating....