3 Year return
19.31%Investment Details
Calculate Returns
Based on past performance of this fund
Risk Involved
Your principal will be at
Very High Risk
Asset Under Management
₹4273.94 Cr.
Expense Ratio
0.62% (inclusive of GST)
Exit Load
Nil
Tax Implications
Withdrawal after 3 years:
12.5% tax on gains above ₹1.25 lakh per financial year
Fund Holdings
PPFAS Mutual Fund Managers
RT
Rajeev Thakkar
Fund Manager since Feb 2024
Fund House Details
PPFAS Mutual Fund Asset management company
Peer Comparison
Comparison with other similar funds
Funds
|
3 Y Returns
|
ARQ Rating
|
---|---|---|
SBI Long Term Equity Fund |
23.57% |
5 |
Quant ELSS Tax Saver Fund |
19.62% |
3.5 |
Bank of India ELSS Tax Saver |
18.83% |
3 |
Schemes by PPFAS Mutual Fund
List of mutual fund schemes by AMC
Hybrid . Conservative Hybrid Fund
Parag Parikh Conservative Hybrid Fund Direct Plan Growth
Hybrid . Conservative Hybrid Fund
Parag Parikh Conservative Hybrid Fund Direct Plan Monthly IDCW Payout
Hybrid . Conservative Hybrid Fund
Parag Parikh Conservative Hybrid Fund Direct Plan Monthly IDCW Reinvestment
Hybrid . Arbitrage Fund
Parag Parikh Arbitrage Fund Direct Plan Growth
Hybrid . Dynamic Asset Allocation or Balanced Advantage
Parag Parikh Dynamic Asset Allocation Fund Direct Plan Growth
About Parag Parikh Tax Saver Fund Direct Growth
Parag Parikh Tax Saver Fund Direct Growth is a mutual fund scheme offered by Parag Parikh Financial Advisory Services (PPFAS). With at least 80% of its assets invested in the Indian equity market, it is categorised as an equity-linked savings scheme (ELSS) that gives you tax benefits under Section 80C of the Income Tax Act, 1961. The tax-saver fund is also open-ended, meaning you can invest in it at any time. However, it has a lock-in period of 3 years.
Investment Objective of the Scheme
Parag Parikh Tax Saver Fund Direct Growth aims to offer investors the benefit of capital appreciation over the long term by investing predominantly in equity and related assets. It follows the principles of value investing and intends to generate returns by identifying and investing in undervalued stocks.
Key Features of The Fund
5-year return | 24.89% |
Expense Ratio | 0.62% |
Fund Manager | Rajeev Thakkar |
Fund Size | ₹4273.94 Cr |
Risk Profile | Very High |
Is This Scheme Right for Me?
Since this is a tax saver fund, it may be a suitable option for you if you want to benefit from tax savings while simultaneously earning market-linked returns. The amount you invest in this mutual fund is deductible from your total income up to Rs. 1.5 lakh (in the year of investment). However, please keep in mind that the fund has a lock-in period of 3 years, so it will only be ideal for you if you do not wish to redeem your investments within this period.
AMC Contact Details
Name | PPFAS Mutual Fund |
Launch Date | 1983 |
Addresss | 81/82, 8th Floor, Sakhar Bhavan, Ramnath Goenka Marg, 230, Nariman Point, Mumbai - 400 021 |
Contact | 18002667790 91 22 6140 6555 |
mf@ppfas.com | |
Website | https://amc.ppfas.com/ |
Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.
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FAQs
What is today's NAV of Parag Parikh ELSS Tax Saver Fund?
What is the AUM of Parag Parikh ELSS Tax Saver Fund?
What is the expense ratio of Parag Parikh ELSS Tax Saver Fund?
What are the returns of Parag Parikh ELSS Tax Saver Fund since inception?
What is the minimum SIP amount to invest in Parag Parikh ELSS Tax Saver Fund?
How do I invest in Parag Parikh ELSS Tax Saver Fund?
- Make sure you are logged in to Angel One.
- Select the type of investment: SIP or one-time.
- In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
- Proceed by clicking the pay button and choosing your mode of payment.
- Your portfolio will be updated with this investment in 3-5 working days.
How to start an SIP in Parag Parikh ELSS Tax Saver Fund?
- Click on the ‘Invest’ button.
- Enter your desired SIP amount and the SIP date.
- You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
- Choose your payment method between UPI and Net Banking.
- Make your payment.
- Your SIP is created.
How do I automate an SIP in Parag Parikh ELSS Tax Saver Fund?
- Once you create an SIP, click on ‘Set up autopay’
- Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
- Once you verify the OTP, your mandate request will be created.
How can I withdraw/redeem my investment in Parag Parikh ELSS Tax Saver Fund?
- Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
- Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
- Verify the details on the ‘Confirm withdraw’ screen.
- Select the bank account in which you want to receive the funds.
- You will receive your funds within three working days of placing the order.
- You can track your order in the ‘Orders’ section.