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Parag Parikh Tax Saver Fund - Regular Plan - Growth

  • Regular
  • Direct
Category : ELSS
Fund House :
  • NAV
    : ₹ 20.4758 -0.32%
    (as on 02nd December, 2022)
Crisil Rank
Very good performance among peers
Risk-O-Meter
Very High

The fund has 88.1% investment in domestic equities of which 68.6% is in Large Cap stocks, 3.66% is in Mid Cap stocks, 12.6% 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 02nd December, 2022)

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 25-Nov-22 10007.30 0.07% - 1.38% 59/59
1 Month 02-Nov-22 10083.00 0.83% - 2.11% 54/59
3 Month 02-Sep-22 10770.80 7.71% - 4.52% 1/58
6 Month 02-Jun-22 11217.40 12.17% - 12.89% 36/58
YTD 31-Dec-21 10845.20 8.45% - 5.83% 22/58
1 Year 02-Dec-21 11021.40 10.21% 10.21% 6.88% 17/58
2 Year 02-Dec-20 15545.10 55.45% 24.68% 24.40% 18/58
3 Year 02-Dec-19 19200.90 92.01% 24.27% 20.05% 14/58
Since Inception 24-Jul-19 20475.80 104.76% 23.76% 14.16% 2/57

SIP Returns (NAV as on 02nd December, 2022)

Period Invested for ₹1000 SIP Started on Investments Latest Value Absolute Returns Annualised Returns
1 Year 02-Dec-21 12000 13106 9.22 % 17.47 %
2 Year 02-Dec-20 24000 28861.64 20.26 % 18.83 %
3 Year 02-Dec-19 36000 52202.36 45.01 % 25.67 %
 

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 Oct,2022)

Portfolio Turnover Ratio : 8.87%  |   Category average turnover ratio is 47.59%  
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 : 88.10% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 88.10%
No of Stocks : 29 (Category Avg - 46.31) | Large Cap Investments : 68.6%| Mid Cap Investments : 3.66% | Small Cap Investments : 12.6% | Other : 3.24%

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
Bajaj Holdings & Investment Ltd. Nbfc 710.2 8.37% -0.49% 9.01% (Nov 2021) 7.25% (Jun 2022) 1.07 L 0.00
Housing Development Finance Corporation Ltd. Housing finance 628.1 7.40% -0.16% 8.15% (Aug 2022) 0% (Nov 2021) 2.54 L 0.00
ITC Limited Cigarettes 556.9 6.57% -0.33% 8.04% (Jan 2022) 6.57% (Oct 2022) 15.97 L 0.00
ICICI Bank Ltd. Banks 512 6.04% -0.05% 6.09% (Sep 2022) 4.74% (Nov 2021) 5.63 L 20.00 k
Axis Bank Ltd. Banks 486.9 5.74% 0.62% 5.74% (Oct 2022) 4.58% (Nov 2021) 5.37 L 0.00
Maharashtra Scooters Ltd. Auto ancillaries 456.5 5.38% -0.26% 5.64% (Sep 2022) 0% (Nov 2021) 86.81 k 0.00
HCL Technologies Limited Computers - software 449.7 5.30% 0.06% 5.45% (Dec 2021) 4.69% (Apr 2022) 4.32 L 0.00
Coal India Ltd. Industrial minerals 434.1 5.12% 0.25% 5.65% (Aug 2022) 0% (Nov 2021) 17.65 L 0.00
Power Grid Corporation of India Ltd. Power- transmission 426.6 5.03% -0.13% 5.37% (Nov 2021) 4.77% (Dec 2021) 18.70 L 0.00
Tata Consultancy Services Ltd. Computers - software 399.1 4.71% -0.17% 5.06% (Feb 2022) 4.34% (Apr 2022) 1.25 L 0.00
- indicates change in weight in the portfolio. # indicates a new entry.
Name Type of Instrument Weight (%)
TREPS TREPS 11.97%
Net Receivables Net Receivables -0.07%

Risk Ratios

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

  • Standard Deviation

    Low volatility
    16.67vs20.38
    Category Avg
  • Beta

    Low volatility
    0.72vs0.89
    Category Avg
  • Sharpe Ratio

    Better risk adjusted returns
    1.03vs0.7
    Category Avg
  • Treynor's Ratio

    Better risk adjusted returns
    0.24vs0.16
    Category Avg
  • Jension's Alpha

    Better risk adjusted returns
    7.23vs2.46
    Category Avg

Alternative Funds (Category Peers)

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
Quant Tax Plan - Growth 5 2126.60 2.65 6.95 17.36 15.22 38.62
HDFC Tax Saver Fund - Growth 5 10065.81 3.55 7.59 16.30 14.40 17.86
Tata India Tax Savings Fund - Regular Plan - Growth 3 3190.55 3.35 6.81 15.26 10.98 17.11
SBI Long Term Equity Fund - Regular Plan - Growth 4 11599.86 3.62 7.24 15.91 10.42 19.65
IDFC Tax Advantage (ELSS) Fund - Regular Plan - Growth 5 3986.13 2.33 5.61 12.14 9.69 23.79
Nippon India Tax Saver Fund - Growth 3 12051.94 3.38 5.87 14.00 9.59 15.33
PGIM India ELSS Tax Saver Fund - Growth 4 437.12 2.83 6.57 12.90 9.27 20.18
Kotak Tax Saver Fund - Growth 4 3062.89 2.45 5.59 14.70 9.18 18.96
Franklin India Taxshield Fund - Growth 3 5003.82 3.11 7.49 15.33 9.16 18.14
Quantum Tax Saving Fund - Growth 3 112.95 3.10 5.15 11.66 8.92 15.71

More Funds from

Out of 4 mutual fund schemes offered by this AMC, 2 is/are ranked 5 * , and 2 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 - Growth NA 27712.07 2.20 3.13 6.77 -2.09 23.23
Parag Parikh Liquid Fund - Growth 5 1511.04 0.50 1.37 2.58 4.29 3.71
Parag Parikh Conservative Hybrid Fund - Regular Plan - Growth NA 1063.25 1.88 1.79 5.32 7.09 0.00
Parag Parikh Tax Saver Fund - Regular Plan - Growth 5 848.19 0.83 7.71 12.17 10.21 24.27

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