January 22, 2026
RA Jainee
Parag Parikh ELSS Tax Saver Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 33.82 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | — |
| Min. Investment (Rs.) | 500 |
| Min. SIP Investment (Rs.) | 1000 |
| Min. No of Cheques | 6 |
| Benchmark | NIFTY 500 TRI |
| AUM Rs. | 5,915 Cr |
| (As on 31-Dec-2025) | |
| Expense | 0.62% |
| 1 Year Return (%) | 7.35 |
| 3 Year Return (%) | 17.33 |
| 5 Year Return (%) | 18.36 |
| 10 Year Return (%) | — |
| Return Since Launch | 20.64% |
⚖️ Sahifund Review – Parag Parikh ELSS Tax Saver Fund ✔
PLUS: Stability, track record, cost efficiency
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MINUS: Large AUM, large-cap bias, momentum lag
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Sahifund View (Decisive Line):
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
ELSS funds are suitable for investors:
1. Seeking tax savings u/s 80C through a diversified equity portfolio
2. Aiming for long-term wealth creation
3. With a 5+ year investment horizon
4. Who are at ease with the market’s ups and downs
Note:
• Invest only through SIP
• The fund has a lock-in-period of 3 years
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) 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.
3) 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.
Fund Manager:
4) 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.
5) Aishwarya Dhar
Education: MBA – Finance
Experience: Prior to joining the PPFAS MF, she was associated with TATA AIA Life Insurance Co. Ltd, ManipalCigna Health Insurance Co. Ltd,
6) Tejas Soman
Education: Mr. Soman has done B.Com from University of Mumbai and Post Graduate Program in Securities Markets – From ‘NISM’
Experience: Prior to joining PPFAS Mutual Fund, he was associated with SBI MF, Yes Bank Limited, STCI Primary Dealership and PricewaterhouseCoopers
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 of Parag Parikh ELSS Tax Saver Fund
| Fund House | PPFAS Mutual Fund |
| Launch Date | 24-Jul-19 |
| Return Since Launch | 20.64% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets (RS) | 5,915 Cr |
| (As on 31-Dec-2025) | |
| Expense | 0.62% |
| (As on 31-Dec-2025) | |
| Risk Grade | Low |
| Return Grade | Average |
| Turnover | 14.52% |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Parag Parikh ELSS Tax Saver Dir | -2.08 | -0.21 | -1.57 | -3.14 | -1.33 | 7.35 | 17.33 | 18.36 | — | — |
| BSE 500 TRI | -2.10 | -0.49 | -1.32 | -0.88 | 0.78 | 8.72 | 15.63 | 15.38 | — | — |
| Equity: ELSS | -2.01 | -0.52 | -1.52 | -1.66 | -0.19 | 6.65 | 17.16 | 16.42 | — | — |
| Rank within category | 25 | 5 | 25 | 34 | 32 | 21 | 14 | 7 | — | — |
| Number of funds in category | 40 | 40 | 40 | 40 | 40 | 39 | 36 | 33 | 30 | 28 |
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 | 7.35 | 17.33 | 18.36 | 0.62 | 5,915 | 20.64 | — | 6Y 5M | 14.52 |
| SBI ELSS Tax Saver Dir | 5 star | 7.47 | 23.55 | 20.74 | 0.92 | 32,609 | 16.18 | — | 13Y | 12.00 |
| DSP ELSS Tax Saver Dir | 4 star | 11.30 | 20.50 | 19.30 | 0.67 | 17,609 | 17.63 | — | 13Y | 35.00 |
| HDFC ELSS Tax Saver Dir | 5 star | 12.60 | 21.29 | 21.04 | 1.08 | 17,163 | 15.19 | — | 13Y | 16.48 |
| Bandhan ELSS Tax Saver Dir | 4 star | 9.39 | 16.19 | 18.90 | 0.66 | 7,333 | 17.24 | — | 13Y | 33.00 |
Portfolio Analysis of Parag Parikh ELSS Tax Saver Fund
| No. of Stocks | 34 |
| Top 10 Stocks | 54.15% |
| Top 5 Stocks | 31.81% |
| Top 3 Sectors | 58.64% |
| Portfolio P/B Ratio | 2.38 |
| Portfolio P/E Ratio | 19.11 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,30,382 | 2,10,955 |
| Giant (%) | — | — |
| Large (%) | 79.56 | 64.28 |
| Mid (%) | 3.70 | 18.72 |
| Small (%) | 16.74 | 19.21 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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