June 25, 2024
mayank
Parag Parikh ELSS Tax Saver Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 30.2963
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) Mansi Kariya
Education: Ms. Karia has done B.Com, MS Finance and CFA
Experience: Prior to joining PPFAS AMC, she has worked with Insync and Zacks Investment Research
4) 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.
5) 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 | 25.25% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 3,454 Cr |
| (As on 31-May-2024) | |
| Expense | 0.61% |
| (As on 31-May-2024) | |
| Risk Grade | Low |
| Return Grade | Above Average |
| Turnover | 8.23% |
Trailing Returns (%) of Parag Parikh ELSS Tax Saver Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Parag Parikh ELSS Tax Saver Dir | 13.41 | 0.79 | 3.77 | 8.72 | 14.37 | 36.09 | 22.85 | — | — | — |
| BSE 500 TRI | 15.25 | 0.27 | 3.96 | 11.76 | 17.54 | 39.92 | 19.47 | — | — | — |
| Equity: ELSS | 17.31 | 0.26 | 4.48 | 13.28 | 19.33 | 43.06 | 21.06 | — | — | — |
| Rank within category | 33 | 1 | 26 | 36 | 35 | 31 | 8 | — | — | — |
| Number of funds in category | 39 | 39 | 39 | 39 | 39 | 38 | 33 | 31 | 29 | 25 |
Peer Comparison of Parag Parikh ELSS Tax Saver Fund
| 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 ELSS Tax Saver Dir | 5 star | 36.09 | 22.85 | — | 0.61 | 3,454 | 25.25 | — | 4Y 11M | 8.23 |
| SBI Long Term Equity Dir | 5 star | 61.27 | 28.61 | 25.04 | 0.94 | 23,888 | 17.90 | — | 11Y 5M | 20.00 |
| Mirae Asset ELSS Tax Saver Dir | 4 star | 38.49 | 18.76 | 22.10 | 0.60 | 22,621 | 21.10 | — | 8Y 5M | 109.00 |
| DSP ELSS Tax Saver Dir | 4 star | 49.62 | 22.09 | 22.89 | 0.75 | 15,161 | 19.05 | — | 11Y 5M | 40.00 |
| HDFC ELSS Tax Saver Dir | 4 star | 49.71 | 27.31 | 20.55 | 1.13 | 14,753 | 16.29 | — | 11Y 5M | 34.74 |
Portfolio Analysis of Parag Parikh ELSS Tax Saver Fund
| No. of Stocks | 34 |
| Top 10 Stocks | 54.70% |
| Top 5 Stocks | 33.39% |
| Top 3 Sectors | 54.33% |
| Portfolio P/B Ratio | 2.24 |
| Portfolio P/E Ratio | 17.04 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,10,656 | 1,71,295 |
| Giant (%) | 67.54 | 51.97 |
| Large (%) | 14.43 | 19.53 |
| Mid (%) | 8.34 | 24.19 |
| Small (%) | 9.69 | 7.20 |
| Tiny (%) | — | 0.30 |
Chanakya’s Mutual Fund Guidance For Parag Parikh ELSS Tax Saver Fund
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