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Parag Parikh Tax Saver Fund - Direct Plan - Growth

  • Regular
  • Direct
Category : ELSS
Fund House :
  • NAV
    : ₹ 20.1515 1.68%
    (as on 04th October, 2022)
Crisil Rank

Not Ranked

Rank not available for the fund
Risk-O-Meter
Very High

The fund has 87.64% investment in domestic equities of which 69.39% is in Large Cap stocks, 3.65% is in Mid Cap stocks, 12.93% in Small Cap stocks.

Suitable For : Investors who are looking to invest money for at least 3 years and looking for additional benefits of income tax saving apart from higher returns expectations. At the same time, these investors should also be ready for possibility of moderate losses in their investments and 3 year lock-in period.

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Returns (NAV as on 04th October, 2022)

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 27-Sep-22 10119.10 1.19% - 2.01% 53/55
1 Month 02-Sep-22 10192.80 1.93% - -0.46% 1/55
3 Month 04-Jul-22 11017.70 10.18% - 12.46% 44/55
6 Month 04-Apr-22 10178.40 1.78% - 0.40% 19/55
YTD 31-Dec-21 10356.80 3.57% - 1.71% 15/55
1 Year 04-Oct-21 10560.40 5.60% 5.60% 2.53% 15/55
2 Year 01-Oct-20 15959.70 59.60% 26.21% 30.51% 40/55
3 Year 04-Oct-19 19741.70 97.42% 25.42% 21.93% 16/54
Since Inception 24-Jul-19 20151.50 101.52% 24.48% 15.37% 2/51

SIP Returns (NAV as on 04th October, 2022)

Period Invested for ₹1000 SIP Started on Investments Latest Value Absolute Returns Annualised Returns
1 Year 04-Oct-21 12000 12632.35 5.27 % 9.91 %
2 Year 01-Oct-20 24000 28842.33 20.18 % 18.75 %
3 Year 04-Oct-19 36000 52000.82 44.45 % 25.39 %
 

Tax Treatment

You can not sell your investments in this fund for 3 years from the purchase date. Long term capital gain tax will be applicable when you sell your investments after 3 years. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh in a financial year. Any cess/surcharge is not included. However, you can claim a deduction on your taxable income under section 80c for your investments in this fund. (Current tax deductions are capped at 1.5 lakh per year).

Portfolio (Updated on 31st Aug,2022)

Portfolio Turnover Ratio : 10.33%  |   Category average turnover ratio is 56.42%  
Fund manager updated portfolio less frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for longer duration than peers)
Equity Holding : 87.64% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 87.64%
No of Stocks : 28 (Category Avg - 46.50) | Large Cap Investments : 69.39%| Mid Cap Investments : 3.65% | Small Cap Investments : 12.93% | Other : 1.67%

Top 10 Stocks in Portfolio

How to read this table?
Stock Invested in Sector Value(Mn) % of Total Holdings 1M Change 1Y Highest Holding 1Y Lowest Holding Quantity 1M Change in Qty
Housing Development Finance Corporation Ltd. Housing finance 597.7 8.15% 0.06% 8.15% (Aug 2022) 0% (Sep 2021) 2.44 L 13.00 k
Bajaj Holdings & Investment Ltd. Nbfc 582.7 7.94% 0.16% 9.01% (Nov 2021) 7.25% (Jun 2022) 1.07 L 5.00 k
ITC Limited Cigarettes 511.8 6.98% -0.14% 8.33% (Sep 2021) 6.98% (Aug 2022) 15.97 L 0.00
ICICI Bank Ltd. Banks 437.9 5.97% 0.03% 6.01% (May 2022) 3.45% (Sep 2021) 4.93 L 0.00
Coal India Ltd. Industrial minerals 414.4 5.65% 0.17% 5.65% (Aug 2022) 0% (Sep 2021) 17.65 L 0.00
Axis Bank Ltd. Banks 373.8 5.10% -0.20% 5.31% (Jan 2022) 3.34% (Sep 2021) 4.97 L 0.00
HCL Technologies Limited Computers - software 361.7 4.93% -0.02% 5.45% (Dec 2021) 4.69% (Apr 2022) 3.85 L 30.00 k
Power Grid Corporation of India Ltd. Power- transmission 359.3 4.90% -0.02% 5.37% (Nov 2021) 4.77% (Dec 2021) 15.65 L 0.00
Maharashtra Scooters Ltd. Auto ancillaries 350 4.77% 0.07% 5.06% (May 2022) 0% (Sep 2021) 84.24 k 2.57 k
Tata Consultancy Services Ltd. Computers - software 333.9 4.55% -0.50% 5.06% (Feb 2022) 4.34% (Apr 2022) 1.04 L 0.00
- indicates change in weight in the portfolio. # indicates a new entry.
Name Type of Instrument Weight (%)
TREPS TREPS 12.46%
Net Receivables Net Receivables -0.10%

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 30th September, 2022)

  • Standard Deviation

    Low volatility
    16.67vs20.38
    Category Avg
  • Beta

    Low volatility
    0.72vs0.9
    Category Avg
  • Sharpe Ratio

    Better risk adjusted returns
    0.95vs0.68
    Category Avg
  • Treynor's Ratio

    Better risk adjusted returns
    0.22vs0.16
    Category Avg
  • Jension's Alpha

    Better risk adjusted returns
    6.42vs2.03
    Category Avg

Alternative Funds (Category Peers)

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
Quant Tax Plan - Direct Plan - Growth 5 1787.29 0.47 17.77 3.34 12.81 42.22
HDFC Tax Saver Fund - Direct Plan - Growth 4 9787.51 -0.04 11.79 3.73 8.11 17.90
Kotak Tax Saver Fund - Direct Plan - Growth 4 2935.89 -0.69 12.12 -0.12 4.75 21.27
IDFC Tax Advantage (ELSS) Fund - Direct Plan - Growth 5 3851.42 0.01 12.29 -0.93 4.26 25.58
PGIM India ELSS Tax Saver Fund - Direct Plan - Growth 5 415.69 -0.53 9.18 -2.87 3.66 20.91
Tata India Tax Savings Fund - Direct Plan - Growth 3 3118.97 -1.04 11.87 -1.06 3.55 18.72
Sundaram Tax Saving Fund - Direct Plan - Growth 3 969.37 -0.87 11.85 0.56 3.41 21.06
SBI Long Term Equity Fund - Direct Plan - Growth 4 11204.25 -1.34 10.34 1.45 2.70 19.99
Franklin India Taxshield Fund - Direct - Growth 3 4862.16 -0.59 11.61 -0.09 2.23 18.21
Union Long Term Equity Fund - Direct Plan - Growth 4 553.06 -0.07 12.13 1.11 1.66 21.54

More Funds from

Out of 4 mutual fund schemes offered by this AMC, 1 is/are ranked 5 * , and 3 schemes are not ranked. See more about AMC

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
Parag Parikh Flexi Cap Fund - Direct Plan - Growth NA 25996.18 -1.15 7.21 -6.31 -3.92 25.18
Parag Parikh Liquid Fund - Direct Plan - Growth 5 1483.07 0.40 1.24 2.20 3.96 3.77
Parag Parikh Conservative Hybrid Fund - Direct Plan - Growth NA 999.09 -1.10 2.31 1.94 4.72 0.00
Parag Parikh Tax Saver Fund - Direct Plan - Growth NA 733.49 1.93 10.18 1.78 5.60 25.42

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