Rating : ★ ★ ★ ★ ★
Parag Parikh Tax Saver Fund Direct Growth
ELSS Fund
Fund Type
Open Ended
Investment Plan
Growth
Expense Ratio
1%
Asset Size
1526.97 Cr.
(As of 30 Apr, 2023)
Benchmark
Nifty 500 TRI Index
Riskometer
Investors understand that their principal will be at Very High Risk.
Objective
The investment objective of the Scheme is 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) However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.
Fund manager
Raj Mehta
Exit load
N / A
Minimum sip
₹0
Minimum investment
₹500
Top Holdings
This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.
Company
Assets
Housing Development Finance Corp Ltd
8.09%
Bajaj Holdings and Investment Ltd
7.78%
ITC Ltd
7.12%
ICICI Bank Ltd
5.94%
Sector Allocation
About the Scheme Type
ELSS or Equity Linked Saving Schemes can help you with a two-fold benefit of saving your taxes and growing your money. ELSSare open-ended Equity Mutual Funds, investments in which qualify for tax exemptions under section 80C of the Income Tax Act of 1961. The scheme invests at least 80% of its total assets in equity and equity-linked instruments and comes with a mandatory lock-in period of 3 years. Returns from ELSS investments over and above 1 lac rupees are subject to LTCG (Long-Term Capital Gains) Tax at 10%.Given that these funds are passively managed, it also reduces the expense ratio and other fees making them cost efficient.
Ratings
This fund is rated 5 stars by Morning Star Ratings.
★ ★ ★ ★ ★
Overview of PPFAS Asset Management Pvt. Ltd
Incorporated in 1992, PPFAS Asset Management (PPFAS AMC), promoted by Parag Parikh Financial Advisory Services Pvt. Ltd. (PPFAS Ltd.), is a boutique investment advisory firm. PPFAS Ltd. is also amongst India's earliest SEBI Registered Portfolio Management Service (PMS) providers.
PPFAS Mutual Fund’s mission - “To help clients achieve their long-term financial goals through prudent fund management.” While many say they focus on the long-term we go beyond mere words. PPFAS Mutual Fund is guided by the 'Law Of The Farm' which states that everything takes its own time and hastening the process will be counterproductive. This is reflected in our relatively long holding periods.
We, at PPFAS Mutual Fund, believe that investing should not be a complicated process. Hence, we strive for simplicity in our scheme design, investing process and our operations. While investing involves individuals, we accord more importance to the investing process than to personalities. We constantly remind ourselves that fund management is a profession rather than merely a business. Hence, we never lose sight of our fiduciary duty to our clients. We, at PPFAS Mutual Fund, are also convinced that an educated investor is an empowered investor and we strive to bring about this empowerment through simple, yet effective communication.