3 Year return

24.51%
Launched on July 2019 (5 years)

Investment Details

₹1000

Minimum SIP Amount

₹500

Minimum one time investment

Fund has 3 years period

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Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹2760.76 Cr.

Expense Ratio

0.73% (inclusive of GST)

Exit Load

Nil

Ratings

3.5

Ratings by other agencies

5
5
0

Tax Implications

Withdrawal within 1 year

Not applicable as these investments cannot be sold before the 3 year lock-in period

Withdrawal after 1 year

10% tax on gains over ₹1 Lakh per financial year

Fund Holdings

Holdings

PPFAS Mutual Fund Managers

RT

Rajeev Thakkar

Fund Manager since Apr 2022

Fund House Details

PPFAS Mutual Fund Asset management company

AUM ₹53,017.75 Cr.
No. of Schemes 9
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by PPFAS Mutual Fund

List of mutual fund schemes by AMC

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 NA
Expense Ratio 0.73%
Fund Manager Rajeev Thakkar
Fund Size ₹2760.76 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 1800266779091 22 6140 6555
Email [email protected]
Website https://amc.ppfas.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

FAQs

What is today's NAV of Parag Parikh ELSS Tax Saver Fund Direct Growth?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Parag Parikh ELSS Tax Saver Fund Direct Growth Feb 23 2024 is 28.3684

What is the AUM of Parag Parikh ELSS Tax Saver Fund Direct Growth?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Parag Parikh ELSS Tax Saver Fund Direct Growth is 2760.76 crore.

What is the expense ratio of Parag Parikh ELSS Tax Saver Fund Direct Growth?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Parag Parikh ELSS Tax Saver Fund Direct Growth is 0.73%

What are the returns of Parag Parikh ELSS Tax Saver Fund Direct Growth since inception?

The Parag Parikh ELSS Tax Saver Fund Direct Growth was launched on Jul 04 2019. The fund has delivered a CAGR of 25.51 since inception.

What is the minimum SIP amount to invest in Parag Parikh ELSS Tax Saver Fund Direct Growth?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Parag Parikh ELSS Tax Saver Fund Direct Growth is 1000.

How do I invest in Parag Parikh ELSS Tax Saver Fund Direct Growth?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. 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.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. 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 Direct Growth?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Parag Parikh ELSS Tax Saver Fund Direct Growth?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. 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 Direct Growth?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.