Parag Parikh ELSS Tax Saver Fund
ELSSVery HighOPEN-ENDED
- NAV as on 4 Nov 2026
- ₹28.91+0.28%1 day
- Return since launch
- 15.4%
- 52-week range
- ₹27.56 — ₹32.23
- AUM
- ₹5,401 Cr
Parag Parikh ELSS Tax Saver Fund is a ELSS equity fund from PPFAS Mutual Fund with ₹5,401 Cr under management, launched in 2019. Over three years it has returned -0.5% a year, against 10.5% for its category. The expense ratio is 1.83% and the SEBI riskometer reading is Very High.
Performance
Parag Parikh ELSS Tax Saver Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned -8.7% against -3.8% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | -6.8% | −4.4 pts | -2.4% | -1.0% |
| 2Y | -4.5% | −5.6 pts | 1.1% | 0.4% |
| 3Y | -0.5% | −11.1 pts | 10.5% | 2.3% |
| 5Y | 6.6% | −2.4 pts | 9.1% | 8.0% |
| 7Y | 11.6% | −0.9 pts | 12.5% | 11.2% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 3.2% | +0.4 pts | 2.8% | 3.1% |
| 3M | -3.7% | −0.1 pts | -3.7% | -4.1% |
| 6M | -1.7% | −3.0 pts | 1.3% | 0.9% |
| 1Y | -9.1% | −6.7 pts | -2.4% | -3.0% |
| 2Y | -2.3% | −2.4 pts | 0.1% | -0.5% |
| 3Y | 7.7% | −2.8 pts | 10.5% | 9.6% |
| 5Y | 8.9% | −0.2 pts | 9.1% | 8.1% |
| 7Y | 15.1% | +1.1 pts | 14.0% | 12.1% |
Since launch (4 Jul 2019): 15.4%
Calendar-year returns
Category average28.2%
36.2%
5.1%
27.4%
20.3%
5.0%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 5.0% | +0.6 pts | 4.5% |
| 2024 | 20.3% | 0.0 pts | 20.3% |
| 2023 | 27.4% | −4.4 pts | 31.8% |
| 2022 | 5.1% | +1.7 pts | 3.5% |
| 2021 | 36.2% | −3.6 pts | 39.9% |
| 2020 | 28.2% | +9.5 pts | 18.7% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
1.83%
Expense ratio as on 29 Oct 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.54%
- Brokerage
- 0.00%
- Transaction charges
- 0.00%
- Statutory levies
- 0.29%
- Exit load
- 0%
- Lock-in
- 3 years
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY 500 TRI
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | -1.51 | 5.22 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.71 | 1.04 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.14 | 0.54 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.20 | 0.79 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 11.65 | 17.94 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Parag Parikh ELSS Tax Saver Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity90.9%
- Debt0.3%
- Other8.8%
Market cap split
- Large75.8%
- Mid4.0%
- Small20.2%
- P/E
- 16.70
- P/B
- 2.01
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| HDFC Bank Ltd. | Financial | 7.57% | ₹409 Cr | +8.23% | +8.03% | +8.05% |
| Bajaj Holdings & Investment Ltd. | Financial | 7.05% | ₹381 Cr | +6.68% | +5.86% | +7.36% |
| Power Grid Corporation Of India Ltd. | Energy | 6.58% | ₹356 Cr | +6.98% | +7.68% | +6.05% |
| Coal India Ltd. | Materials | 6.46% | ₹349 Cr | +6.44% | +7.03% | +5.68% |
| Maharashtra Scooters Ltd. | Automobile | 5.50% | ₹297 Cr | +5.28% | +4.99% | +7.21% |
| ITC Ltd. | Consumer Staples | 5.02% | ₹271 Cr | +5.29% | +5.09% | +5.13% |
| ICICI Bank Ltd. | Financial | 4.86% | ₹262 Cr | +5.00% | +4.67% | +4.87% |
| Kotak Mahindra Bank Ltd. | Financial | 4.70% | ₹254 Cr | +4.27% | +4.09% | +4.11% |
| HCL Technologies Ltd. | Technology | 4.36% | ₹236 Cr | +3.67% | +4.07% | +3.24% |
| Axis Bank Ltd. | Financial | 3.63% | ₹196 Cr | +3.84% | +3.53% | +3.21% |
| Maruti Suzuki India Ltd. | Automobile | 3.53% | ₹190 Cr | +4.01% | +3.72% | +4.52% |
| Mahindra & Mahindra Ltd. | Automobile | 3.51% | ₹189 Cr | +3.52% | +3.52% | +3.79% |
| Bharti Airtel Ltd. | Communication | 3.41% | ₹184 Cr | +3.47% | +3.55% | +3.49% |
| Others | Others | 3.18% | ₹172 Cr | +0.46% | -0.42% | +5.82% |
| Infosys Ltd. | Technology | 3.13% | ₹169 Cr | +3.04% | +3.57% | +3.43% |
| CCL Products (India) Ltd. | Consumer Staples | 2.65% | ₹143 Cr | +2.96% | +2.77% | +1.99% |
| Embassy Office Parks REIT | Construction | 2.58% | ₹140 Cr | +2.51% | +2.57% | — |
| Brookfield India Real Estate Trust REIT | Construction | 2.53% | ₹137 Cr | +2.41% | +2.50% | — |
| CMS Info Systems Ltd. | Services | 2.48% | ₹134 Cr | +3.03% | +3.11% | +0.99% |
| Zydus Lifesciences Ltd. | Healthcare | 1.75% | ₹94.45 Cr | +1.62% | +1.35% | +1.31% |
| Tata Consultancy Services Ltd. | Technology | 1.73% | ₹93.33 Cr | +1.65% | +2.04% | +1.74% |
| Dr. Reddy's Laboratories Ltd. | Healthcare | 1.39% | ₹75.15 Cr | +1.48% | +1.45% | +1.25% |
| Cipla Ltd. | Healthcare | 1.37% | ₹74.02 Cr | +1.44% | +1.28% | +1.26% |
| Wipro Ltd. | Technology | 1.37% | ₹73.84 Cr | +1.42% | +1.76% | +2.10% |
| West Coast Paper Mills Ltd. | Consumer Staples | 1.29% | ₹69.81 Cr | +0.90% | +0.11% | — |
| Seshaasai Technologies Ltd. | Services | 1.18% | ₹63.96 Cr | +0.96% | — | — |
| Zydus Wellness Ltd. | Consumer Staples | 1.10% | ₹59.67 Cr | +1.20% | +0.94% | +0.92% |
| VST Industries Ltd. | Consumer Staples | 0.87% | ₹46.91 Cr | +1.07% | +0.88% | +0.12% |
| Indian Energy Exchange Ltd. | Services | 0.78% | ₹42.28 Cr | +0.88% | +0.86% | +0.98% |
| Sharda Motor Industries Ltd. | Automobile | 0.66% | ₹35.41 Cr | +0.54% | — | — |
| DLF Ltd. | Construction | 0.56% | ₹30.31 Cr | — | — | — |
| Knowledge Realty Trust | Construction | 0.52% | ₹28.09 Cr | — | — | — |
| Indraprastha Gas Ltd. | Energy | 0.48% | ₹25.72 Cr | +0.52% | +0.01% | — |
| E.I.D. - Parry (India) Ltd. | Consumer Staples | 0.45% | ₹24.18 Cr | +0.45% | +0.49% | +0.49% |
| Narayana Hrudayalaya Ltd. | Healthcare | 0.35% | ₹18.77 Cr | +0.37% | +0.32% | +0.32% |
| Sundrop Brands Ltd. | Consumer Staples | 0.26% | ₹14.12 Cr | +0.19% | +0.08% | — |
| Central Depository Services (India) Ltd. | Financial | 0.24% | ₹13.05 Cr | +0.24% | +0.22% | +0.27% |
| Swaraj Engines Ltd. | Capital Goods | 0.21% | ₹11.24 Cr | +0.23% | +0.20% | +0.23% |
| Reserve Bank of India | Financial | 0.18% | ₹9.84 Cr | +0.09% | +0.09% | +0.08% |
| Petronet LNG Ltd. | Energy | 0.11% | ₹5.69 Cr | +0.10% | — | — |
| Indus Towers Ltd. | Communication | 0.10% | ₹5.60 Cr | +0.10% | +0.08% | — |
| Mahanagar Gas Ltd. | Energy | 0.08% | ₹4.34 Cr | +0.09% | +0.01% | — |
| CIE Automotive India Ltd. | Metals & Mining | 0.05% | ₹2.47 Cr | +0.03% | +0.03% | — |
| ICRA Ltd. | Services | 0.05% | ₹2.46 Cr | +0.05% | +0.06% | +0.07% |
| Nesco Ltd. | Construction | 0.03% | ₹1.58 Cr | +0.03% | +0.03% | +0.03% |
| Siyaram Silk Mills Ltd. | Textiles | 0.02% | ₹0.99 Cr | +0.02% | — | — |
| Siyaram Silk Mills Ltd Pref. Shares 9.00 24/08/2029 | Textiles | 0.00% | ₹0.07 Cr | — | — | — |
| Siyaram Silk Mills Ltd Pref. Shares 9.00 24/08/2031 | Textiles | 0.00% | ₹0.05 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Coal India Ltd. | 5.88% | 6.46% | +0.58% |
| Others | -0.48% | 0.00% | +0.48% |
| ITC Ltd. | 4.70% | 5.02% | +0.32% |
| Maruti Suzuki India Ltd. | 3.84% | 3.53% | -0.31% |
| Infosys Ltd. | 3.44% | 3.13% | -0.31% |
| ICICI Bank Ltd. | 5.14% | 4.86% | -0.28% |
| HDFC Bank Ltd. | 7.29% | 7.57% | +0.28% |
| Bajaj Holdings & Investment Ltd. | 7.32% | 7.05% | -0.27% |
| West Coast Paper Mills Ltd. | 1.03% | 1.29% | +0.26% |
| Maharashtra Scooters Ltd. | 5.76% | 5.50% | -0.26% |
| Mahindra & Mahindra Ltd. | 3.75% | 3.51% | -0.24% |
| Tata Consultancy Services Ltd. | 1.95% | 1.73% | -0.22% |
| DLF Ltd. | 0.36% | 0.56% | +0.20% |
| The Great Eastern Shipping Company Ltd. | 0.18% | 0.00% | -0.18% |
| Power Grid Corporation Of India Ltd. | 6.41% | 6.58% | +0.17% |
| Wipro Ltd. | 1.53% | 1.37% | -0.16% |
| Kotak Mahindra Bank Ltd. | 4.55% | 4.70% | +0.15% |
| CMS Info Systems Ltd. | 2.62% | 2.48% | -0.14% |
| Dr. Reddy's Laboratories Ltd. | 1.25% | 1.39% | +0.14% |
| HCL Technologies Ltd. | 4.48% | 4.36% | -0.12% |
| Sharda Motor Industries Ltd. | 0.56% | 0.66% | +0.10% |
| Axis Bank Ltd. | 3.70% | 3.63% | -0.07% |
| Embassy Office Parks REIT | 2.51% | 2.58% | +0.07% |
| Zydus Lifesciences Ltd. | 1.68% | 1.75% | +0.07% |
| Indian Energy Exchange Ltd. | 0.85% | 0.78% | -0.07% |
| Brookfield India Real Estate Trust REIT | 2.48% | 2.53% | +0.05% |
| E.I.D. - Parry (India) Ltd. | 0.50% | 0.45% | -0.05% |
| CCL Products (India) Ltd. | 2.70% | 2.65% | -0.05% |
| Sundrop Brands Ltd. | 0.22% | 0.26% | +0.04% |
| Knowledge Realty Trust | 0.49% | 0.52% | +0.03% |
| Bharti Airtel Ltd. | 3.38% | 3.41% | +0.03% |
| CIE Automotive India Ltd. | 0.02% | 0.05% | +0.03% |
| Central Depository Services (India) Ltd. | 0.26% | 0.24% | -0.02% |
| Cipla Ltd. | 1.38% | 1.37% | -0.01% |
| Swaraj Engines Ltd. | 0.20% | 0.21% | +0.01% |
| Seshaasai Technologies Ltd. | 1.19% | 1.18% | -0.01% |
| VST Industries Ltd. | 0.86% | 0.87% | +0.01% |
| Indraprastha Gas Ltd. | 0.47% | 0.48% | +0.01% |
| Narayana Hrudayalaya Ltd. | 0.36% | 0.35% | -0.01% |
| Reserve Bank of India | 0.17% | 0.18% | +0.01% |
| Indus Towers Ltd. | 0.10% | 0.10% | 0.00% |
| Petronet LNG Ltd. | 0.11% | 0.11% | 0.00% |
| Nesco Ltd. | 0.03% | 0.03% | 0.00% |
| Mahanagar Gas Ltd. | 0.08% | 0.08% | 0.00% |
| Siyaram Silk Mills Ltd. | 0.02% | 0.02% | 0.00% |
| ICRA Ltd. | 0.05% | 0.05% | 0.00% |
| Zydus Wellness Ltd. | 1.10% | 1.10% | 0.00% |
| Siyaram Silk Mills Ltd Pref. Shares 9.00 24/08/2029 | 0.00% | 0.00% | 0.00% |
| Siyaram Silk Mills Ltd Pref. Shares 9.00 24/08/2031 | 0.00% | 0.00% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹4,538 Cr | 2.30% | 6.9% | 7.2% | 13.2% |
 Quant ELSS Tax Saver Fund | ₹13,103 Cr | 2.16% | 11.1% | 7.3% | 12.3% |
 Motilal Oswal ELSS Tax Saver Fund | ₹4,890 Cr | 2.10% | 9.0% | 9.1% | 16.1% |
 HSBC ELSS Tax saver Fund | ₹3,974 Cr | 1.99% | 3.3% | 6.5% | 12.0% |
 WhiteOak Capital ELSS Tax Saver Fund | ₹481 Cr | 2.58% | 4.2% | 6.5% | — |
 JM ELSS - Tax Saver Fund | ₹240 Cr | 2.68% | 7.0% | 6.7% | 12.4% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
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 managers
- Aishwarya DharMBA - FinancePrior to joining the PPFAS MF, she was associated with TATA AIA Life Insurance Co. Ltd, ManipalCigna Health Insurance Co. Ltd,
- Raj MehtaMr. 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.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.
- Rajeev ThakkarMr.Thakkar is a Chartered Accountant, Cost Accountant, CFA, and CFP.He has been associated with PPFAS AMC since 2013.
- Raunak OnkarMr.Onkar is an MMS (Finance) from the University of Mumbai.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.
- Rukun TarachandaniMr. Tarachandani has done B Tech (Information Technology), PGPM (Finance), CFA and CQF.Prior to joining PPFAS Mutual Fund, he has worked with Kotak Mutual Fund, Goldman Sachs, Unnati Investment Management & Research Group.
- Tejas SomanMr. Soman has done B.Com from University of Mumbai and Post Graduate Program in Securities Markets - From ‘NISM’Prior to joining PPFAS Mutual Fund, he was associated with SBI MF, Yes Bank Limited, STCI Primary Dealership and PricewaterhouseCoopers
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months−1.66% absolute | ₹60,000 | ₹59,004 | −1.66% | |
| 1 year−9.08% annualised | ₹1,20,000 | ₹1,14,259 | −4.78% | |
| 3 years7.71% annualised | ₹3,60,000 | ₹4,06,181 | 12.83% | |
| 5 years8.92% annualised | ₹6,00,000 | ₹7,58,254 | 26.38% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of Parag Parikh ELSS Tax Saver Fund?
The NAV of Parag Parikh ELSS Tax Saver Fund is ₹28.91 as on 4 Nov 2026.
What is the expense ratio of Parag Parikh ELSS Tax Saver Fund?
The expense ratio of Parag Parikh ELSS Tax Saver Fund is 1.83% per year.
What is the minimum SIP amount for Parag Parikh ELSS Tax Saver Fund?
You can start a SIP in Parag Parikh ELSS Tax Saver Fund with ₹3,000 a month.
What returns has Parag Parikh ELSS Tax Saver Fund given?
Parag Parikh ELSS Tax Saver Fund has returned -6.8% over 1 year, -0.5% over 3 years and 6.6% over 5 years (annualised).
Is there a lock-in or exit load on Parag Parikh ELSS Tax Saver Fund?
Lock-in: 3 years. Exit load: 0%.
How risky is Parag Parikh ELSS Tax Saver Fund?
Parag Parikh ELSS Tax Saver Fund is rated Very High on the SEBI riskometer and belongs to the ELSS category.
Which fund house manages Parag Parikh ELSS Tax Saver Fund?
Parag Parikh ELSS Tax Saver Fund is managed by PPFAS Mutual Fund, which runs 7 schemes with ₹1,69,069 Cr under management.