This 2-Year-Old ELSS Fund Has Given 27.52% Annual Average Returns; Check Details

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Parag Parikh Tax Saver Fund - Direct Plan-Growth

Parag Parikh Tax Saver Fund – Direct Plan-Growth

As mentioned before, it is a less than 3-year-old tax saver ELSS mutual fund launched on 24 July 2019. It’s an open-ended equity medium size fund of its category scheme from the house of PPFAS Mutual Fund. The scheme’s assets under management are Rs 432.03 and the recently declared NAV on 17th March 2022 is Rs 19.0415. The fund’s expense ratio is 0.98%, which is less than its category average expense ratio of 1.06%. It is currently managed by Raj Mehta, Rajeev Thakkar, and Raunak Onkar.

As the fund is less than 3 years old, it is not yet rated by the rating agency CRISIL or any other. It is a moderately-risky fund when it comes to investing. As the fund is a tax saver ELSS mutual fund, investors who want to invest in this fund with the aim to save tax and diversify the portfolio as well as generate good long-term capital gain can opt for the fund. However, investors should also be prepared for the risk of losses as well as a three-year lock-in period when you invest in this fund. It is an equity fund which makes it a risky fund as well. The minimum investment for a lump sum payment is Rs 500, whereas the minimum investment for a SIP is Rs 1000.

Indian investors who invest in this Scheme are eligible for Income Tax deduction u/s 80C up to a sum of Rs. 1.50 lakhs.

Absolute And Annualised Returns

Absolute And Annualised Returns

Lump-Sum Investment Returns

In the last 1-year, it has offered 27.67%, and since its launch, it delivered 27.52% average annual returns.

Investment Tenure Absolute Returns Annualised Returns
1 Year 27.67% 27.67%
2 Year 109.52% 44.75%
Since Inception 90.42% 27.52%

SIP Investment Returns

SIP Tenure Absolute Returns Annualised Returns
1 Year 8.35% 15.89%
2 Year 37.45% 34.01%

Portfolio

Portfolio

The fund has an equity allocation of 86.6 percent, with 58.97 percent in big-cap stocks, 3.49 percent in mid-level stocks, and 18.2 percent in small-cap stocks. The Financial, Automobile, Technology, Consumer Staples, and Services sectors account for the majority of the fund’s holdings.

In comparison to other funds in the category, it has less exposure to the Financial and Automobile industries.

ITC Ltd., Bajaj Holdings & Investment Ltd., Power Grid Corpn. of India Ltd., Tata Consultancy Services Ltd., and ICICI Bank Ltd. are the fund’s top five holdings.



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