EquityELSSRegularGrowthVery High

Parag Parikh ELSS Tax Saver Fund

Q: What is the NAV of Parag Parikh ELSS Tax Saver Fund?

As of 05 Oct 2026, the NAV of Parag Parikh ELSS Tax Saver Fund is ₹28.01 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Parag Parikh ELSS Tax Saver Fund delivered?

Parag Parikh ELSS Tax Saver Fund has returned -11.32% over 1 year, +6.98% per year over 3 years, +8.54% per year over 5 years and +15.37% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of Parag Parikh ELSS Tax Saver Fund?

Parag Parikh ELSS Tax Saver Fund charges an expense ratio of 1.83% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Parag Parikh ELSS Tax Saver Fund?

Parag Parikh ELSS Tax Saver Fund's largest holdings are Bajaj Holdings & Investment Limited (7.3%), HDFC Bank Limited (7.3%), Power Grid Corporation of India Limited (6.4%), Coal India Limited (5.9%) and Maharashtra Scooters Limited (5.8%). Holdings are disclosed monthly and change over time.

Q: How risky is Parag Parikh ELSS Tax Saver Fund?

Parag Parikh ELSS Tax Saver Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 11.2% and its worst peak-to-trough fall in our sample was -29.7%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 0.04 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Parag Parikh ELSS Tax Saver Fund's 0.04 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of Parag Parikh ELSS Tax Saver Fund?

Parag Parikh ELSS Tax Saver Fund is benchmarked against the NIFTY500(TRI). Its alpha and beta on this page are measured against that index.

Q: Who manages Parag Parikh ELSS Tax Saver Fund?

Parag Parikh ELSS Tax Saver Fund is managed by Rajeev Thakkar, Raunak Onkar, Rukun Tarachandani, Raj Mehta, Tejas Soman and Aishwarya Dhar at PPFAS.

Q: How is Parag Parikh ELSS Tax Saver Fund taxed?

Parag Parikh ELSS Tax Saver Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

PPFAS Mutual Fund · Best ELSS (Tax Saving) Mutual Funds

NAV

₹28.01

+0.24% 1D

as of 05 Oct 2026

This is the Regular plan of Parag Parikh ELSS Tax Saver Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

Compare SIP calculator

Performance

-11.61%absolute

52-week rangePrev NAV ₹27.94

Latest ₹28.01

Low ₹27.726th percentile of its 52-week rangeHigh ₹32.68

Scorecard

★★★★☆4/5 vs 51 ELSS peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within ELSS (same plan and option).

PerformanceBelow avg

3Y CAGR +6.98% · ranks 38 of 49 ELSS funds

RiskLow

Volatility 11.2% vs 14.8% category avg

CostAverage

1.8% expense vs 2.0% category avg

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Less volatile than its ELSS peers (11.2% vs 14.8%)
Consistent — positive in 100% of rolling 3-year windows

Concerns

Trails the ELSS average on 3M/6M/1Y — 1Y by 9.33pp
3-year return (+6.98%) trails the ELSS average (+9.84%)
5-year return (+8.54%) trails the ELSS average (+9.63%)
Ranks #50 of 50 on 1-year return in its ELSS cohort
Weaker risk-adjusted returns — Sharpe 0.04 below the ELSS average of 0.21

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.83%

Category 2.03%▼0.20%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

15.71

Category —

Excess return per unit of total volatility (rf = 6.5%)

0.04

Category 0.21▼0.17

Scheme Info

Definitions

Plan

Regular · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

3 yrs

Exit Load

None

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹1,000

Smallest one-time (lumpsum) investment the scheme accepts

₹500

NIFTY500(TRI)

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

26 Jul 2019

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-3.87%

Absolute return over the last 3 months (not annualized)

-5.82%

Absolute return over the last 6 months (not annualized)

-0.72%

Absolute return since 1 Jan of this year (not annualized)

-12.44%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

-11.32%

3-year annualized return (CAGR)

+6.98%

5-year annualized return (CAGR)

+8.54%

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+15.37%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

11.24%

Excess return per unit of total volatility (rf = 6.5%)

0.04

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

0.06

Largest peak-to-trough decline over full history

-29.68%

Benchmark ratios (vs Nifty 500 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 500 TRI

-2.03%

Sensitivity to Nifty 500 TRI moves; 1 = moves with the index

0.70

How much of the fund's movement Nifty 500 TRI explains

90.5%

Excess return per unit of beta (market risk)

0.40

Active return over the benchmark per unit of tracking error

-0.50

Annualized std dev of fund-minus-benchmark returns

5.91%

Fund's share of benchmark gains in up months (100 = matches index)

69.9%

Fund's share of benchmark losses in down months (lower is better)

70.3%

Computed vs the Nifty 500 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (ELSS)

Period	Fund	Category avg.	Diff
1M abs	-3.87%	-4.73%	+0.86%
3M abs	-5.82%	-3.96%	-1.86%
6M abs	-0.72%	+8.62%	-9.34%
1Y CAGR	-11.32%	-1.99%	-9.33%
3Y CAGR	+6.98%	+9.84%	-2.86%
5Y CAGR	+8.54%	+9.63%	-1.09%

Category average across peers in ELSS (up to 49 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 49 peers in ELSS

1Y return

-11.32%

Beats 0% · rank #50

3Y return

+6.98%

Beats 22.9% · rank #38

5Y return

+8.54%

Beats 39% · rank #26

Sharpe

0.04

Beats 22.9% · rank #38

Sortino

0.06

Beats 22.9% · rank #38

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹6.87L

Absolute

+14.43%

XIRR

+5.51%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Parag Parikh ELSS Tax Saver Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty 500 TRI	Diff
2026part	-12.44%	-7.18%	-5.26%
2025	+5.04%	+7.94%	-2.90%
2024	+20.45%	+16.43%	+4.02%
2023	+27.37%	+27.43%	-0.06%
2022	+5.14%	+4.34%	+0.80%
2021	+36.25%	+31.59%	+4.66%
2020	+28.20%	+18.33%	+9.87%
2019part	+7.96%	—	—

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

History points

1,771

Expense ratio

1.83%

AUM

₹5,584Cr

Portfolio turnover

1989%

Exit load

NIL

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

15.7

P/B ratio

2.7

Avg market cap

₹3,68,062Cr

P/E & P/B are portfolio-weighted harmonic means across 38 of 42 equity holdings (84% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · ELSS

Compare all


Parag Parikh ELSS Tax Saver FundThis fund PPFAS · Regular · Growth	★★★★☆	-11.32%	+6.98%	+8.54%	—	1.83%	₹5,584Cr
SBI Long Term Advantage Fund - Series V SBI · Regular · Growth	★★★★★	-1.21%	+19.11%	+13.78%	—	1.38%	₹345.73Cr
Motilal Oswal ELSS Tax Saver Fund Motilal Oswal · Regular · Growth	★★★☆☆	+5.53%	+19.09%	+15.16%	—	2.10%	₹4,627Cr
Bank of India Mid Cap Tax Fund Series 1 Bank of India · Regular · Growth	★★★★☆	+8.41%	+14.33%	+10.89%	—	1.38%	₹62.74Cr
JM ELSS - Tax Saver Fund JM Financial · Regular · Growth	★★★☆☆	+3.76%	+14.32%	+11.79%	—	2.68%	₹220.95Cr
HSBC ELSS Tax saver Fund HSBC · Regular · Growth	★★★★☆	+0.84%	+14.16%	—	—	1.99%	₹3,957Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap77.7%
Mid cap2.0%
Small cap20.3%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity91.30%
Real Estate / REITs5.48%
Cash & Equivalents2.96%
Debt0.26%

which companies this fund invests in

As on 31 Aug 2026 · AMC disclosure

Bajaj Holdings & Investment Limited

7.32%

HDFC Bank Limited

7.29%

Power Grid Corporation of India Limited

6.41%

Coal India Limited

5.88%

Maharashtra Scooters Limited

5.76%

ICICI Bank Limited

5.14%

ITC Limited

4.70%

Kotak Mahindra Bank Limited

4.55%

HCL Technologies Limited

4.48%

Maruti Suzuki India Limited

3.84%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Parag Parikh Flexi Cap Fund PPFAS · Flexi Cap Fund	76.6%! of 84% equity	★★★★★	0.69%	+11.96%
Taurus ELSS Tax Saver Fund Taurus · ELSS	50.8%	★★☆☆☆	2.06%	+10.58%
HDFC Nifty Top 20 Equal Weight Index Fund HDFC · Index Funds	45.6%	★☆☆☆☆	0.36%	—
UTI - Equity Savings Fund UTI · Equity Savings	44.4% of 67% equity	★★★★☆	1.04%	+7.86%
ICICI Prudential Nifty Top 15 Equal Weight Index Fund ICICI Prudential · Index Funds	43.7%	★☆☆☆☆	0.48%	—
Shriram Balanced Advantage Fund Shriram · Dynamic Asset Allocation or Balanced Advantage	43.7% of 69% equity	★☆☆☆☆	0.90%	+5.86%
DSP Large Cap Fund DSP · Large Cap Fund	42.5%	★★★★☆	1.21%	+10.00%
Bandhan Flexi Cap Fund Bandhan · Flexi Cap Fund	42.4%!	★★☆☆☆	1.52%	+9.66%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-29.7%13 Feb 2020 → 23 Mar 2020
Fell over 39 days, back to the old high on 24 Jul 2020 — 4 months under water after the low.
-15.2%23 Oct 2025 → 31 Mar 2026
Still below that high — 5 months down, and no recovery yet.
-12.8%18 Oct 2021 → 20 Jun 2022
Fell over 8 months, back to the old high on 08 Sep 2022 — 3 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹5,584Cr

April - June 2026

-2%

since January - March 2026

+₹170.50Cr

est. net flow, last quarter

At or near its largest, ₹5,712Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

PPFAS Mutual Fund is run by PPFAS Asset Management, part of Parag Parikh Financial Advisory Services, and launched its first scheme in 2013. It is known for a value-oriented, low-churn approach, a deliberately small number of schemes, and holding overseas equities alongside Indian ones.

Launched

09 Oct 2012

Total AUM

₹1,60,807Cr+5.6% QoQ

Avg AUM · April - June 2026

Website

amc.ppfas.com

Fund Managers

RTRajeev ThakkarManaging since 24 Jul 2019

Role

Chief Investment Officer and Equity Fund Manager

Education

B. Com. (Bombay University) Chartered Accountant CFA Charter Holder Grad ICWA

Experience

Till March 2012 he was acting as a Chief Executive Officer of PPFAS (Sponsor Company). He joined the company in 2001. He started his career in the year Parag 1994 and he has experience of working in areas like; merchant banking, managing fixed income portfolio, broking operations, PMS operations for over two decades. He was functioning as a Fund Manager for PMS service of PPFAS managing a portfolio of around Rs. 300 crores. He is acting as a Chief Investment Officer and Equity Fund Manager to the Company. He has more than 10 years of experience in the capital market. ELSS Tax Saver He started his career with Parag Parikh Financial Advisory Services Limited, following his internship, in the year 2009. 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 Dedicated Fund Manager for the Overseas Investment.

Funds managed (5)

All schemes Rajeev Thakkar runs →

RORaunak OnkarManaging since 24 Jul 2019

Role

Dedicated Fund Manager for Overseas Investments and Head - Research

Education

Bsc. IT (Bombay University) MMS- Finance (Bombay University)

Experience

He has more than 10 years of experience in the capital market. He started his career with Parag Parikh Financial Advisory Services Limited, following his internship, in the year 2009. 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 Dedicated Fund Manager for the Overseas Investment.

Funds managed (3)

All schemes Raunak Onkar runs →

RTRukun TarachandaniManaging since 16 May 2022

Role

Executive Vice President & Fund Manager - Equity

Total experience

10 Years

Education

Post Graduate Diploma in Management (Specialization: Finance)

Experience

He is appointed as an Additional Fund Manager - Equity with effect from May 16, 2022. Mr. Rukun Tarachandani

Funds managed (1)

Parag Parikh Arbitrage Fund

All schemes Rukun Tarachandani runs →

RMRaj MehtaManaging since 01 Sep 2025

Role

Executive Vice President & Fund Manager - Debt

Education

B.Com (Mumbai University), M.Com (Mumbai University), Chartered Accountant, CFA Level III Pass. Post Graduate Diploma in Management (Specialization: Finance)

Experience

He is appointed as a Debt Fund Manager of the Parag Parikh Flexi Cap Fund w.e.f 27th January 2016. He has collectively over 8 years of Parikh Conservative Hybrid experience in investment research. He started his career with PPFAS Asset Management Pvt Ltd as an intern in 2012. Following which, he joined the company as a Research Analyst in 2013. He is appointed as an Additional Fund Manager - Equity with effect from May 16, 2022.

Funds managed (6)

All schemes Raj Mehta runs →

TSTejas SomanManaging since 01 Sep 2025

Role

Chief Investm ent Officer - Debt & Fund Manage r - Debt

Experience

Mr. Tejas Soman has spent over a decade in the fixed income markets. Prior to PPFAS, He worked with SBI Funds Management Ltd. as a Fund Manager, where he managed a range of fixed income portfolios. He has also worked with Yes Bank in its primary dealership unit, STCI Primary Dealership, and PricewaterhouseCoopers in tax and regulatory advisory. He holds his post-graduation in securities markets from National Institute of Securities Markets (NISM).

ADAishwarya DharManaging since 01 Sep 2025

Role

Senior Manager Debt Dealer & Fund Manager Debt)

Experience

Ms. Aishwarya has started her career with Tata AIA Life Insurance Co. Ltd as Executive Finance from September 2012 till May 2015 and handled Accounts Payable & Procurement. She had further joined the Debt Dealing team in Manipal Cigna Health Insurance Co. Ltd. as Deputy Manager - Dealer Portfolio from June 2015 till March 2021. She had a total experience of 8 Years and 6 months in the Financial Service Industry. Ms. Aishwarya Dhar was appointed as a Debt Dealer for the Schemes of the PPFAS Mutual Fund in March 2021. She was appointed as Fund Manager - Debt with effect from September 1, 2025

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Rajeev Thakkar Raunak Onkar Raj Mehta

Top holdings

Bajaj Holdings & Investment Limited HDFC Bank Limited Power Grid Corporation of India Limited Coal India Limited Maharashtra Scooters Limited ICICI Bank Limited ITC Limited Kotak Mahindra Bank Limited HCL Technologies Limited Maruti Suzuki India Limited Mahindra & Mahindra Limited Axis Bank Limited

PPFAS in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

Run SIP calculator Add to compare

Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About ELSS (tax-saving) funds

ELSS funds are equity funds that qualify for a Section 80C deduction (up to ₹1.5 lakh a year) under the old tax regime. They carry a 3-year lock-in — the shortest of any 80C option.

Frequently asked questions

What is the NAV of Parag Parikh ELSS Tax Saver Fund?

As of 05 Oct 2026, the NAV of Parag Parikh ELSS Tax Saver Fund is ₹28.01 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Parag Parikh ELSS Tax Saver Fund delivered?

Parag Parikh ELSS Tax Saver Fund has returned -11.32% over 1 year, +6.98% per year over 3 years, +8.54% per year over 5 years and +15.37% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Parag Parikh ELSS Tax Saver Fund?

Parag Parikh ELSS Tax Saver Fund charges an expense ratio of 1.83% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Parag Parikh ELSS Tax Saver Fund?

Parag Parikh ELSS Tax Saver Fund's largest holdings are Bajaj Holdings & Investment Limited (7.3%), HDFC Bank Limited (7.3%), Power Grid Corporation of India Limited (6.4%), Coal India Limited (5.9%) and Maharashtra Scooters Limited (5.8%). Holdings are disclosed monthly and change over time.

How risky is Parag Parikh ELSS Tax Saver Fund?

Parag Parikh ELSS Tax Saver Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 11.2% and its worst peak-to-trough fall in our sample was -29.7%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of 0.04 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Parag Parikh ELSS Tax Saver Fund's 0.04 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of Parag Parikh ELSS Tax Saver Fund?

Parag Parikh ELSS Tax Saver Fund is benchmarked against the NIFTY500(TRI). Its alpha and beta on this page are measured against that index.

Who manages Parag Parikh ELSS Tax Saver Fund?

Parag Parikh ELSS Tax Saver Fund is managed by Rajeev Thakkar, Raunak Onkar, Rukun Tarachandani, Raj Mehta, Tejas Soman and Aishwarya Dhar at PPFAS.

How is Parag Parikh ELSS Tax Saver Fund taxed?

Parag Parikh ELSS Tax Saver Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.