Parag Parikh ELSS Tax Saver Fund
ELSSVery HighOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹28.51-1.23%1 day
- Return since launch
- 15.9%
- 52-week range
- ₹27.72 — ₹32.68
- AUM
- ₹5,613 Cr
Parag Parikh ELSS Tax Saver Fund is a ELSS equity fund from PPFAS Mutual Fund with ₹5,613 Cr under management, launched in 2019. Over three years it has returned -1.0% a year, against 10.3% 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 -10.9% against -2.3% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | -11.4% | −9.9 pts | -1.5% | -3.3% |
| 2Y | -6.5% | −6.9 pts | 0.3% | -0.8% |
| 3Y | -1.0% | −11.3 pts | 10.3% | 2.5% |
| 5Y | 6.6% | −3.1 pts | 9.7% | 8.3% |
| 7Y | 11.9% | −1.2 pts | 13.0% | 11.6% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -2.9% | +0.9 pts | -3.8% | -4.3% |
| 3M | -2.7% | −1.4 pts | -1.3% | -1.7% |
| 6M | -0.7% | −7.6 pts | 6.8% | 5.7% |
| 1Y | -10.9% | −9.4 pts | -1.5% | -2.3% |
| 2Y | -5.5% | −2.2 pts | -3.2% | -3.9% |
| 3Y | 7.2% | −3.2 pts | 10.3% | 9.2% |
| 5Y | 8.9% | −0.8 pts | 9.7% | 8.6% |
| 7Y | 15.4% | +0.8 pts | 14.6% | 12.5% |
Since launch (4 Jul 2019): 15.9%
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 23 Sep 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 | -0.95 | 4.67 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.71 | 1.08 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.35 | 0.67 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.48 | 0.90 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 11.46 | 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 31 Aug 2026
Asset allocation
- Equity91.3%
- Debt0.3%
- Other8.5%
Market cap split
- Large75.8%
- Mid3.7%
- Small20.5%
- P/E
- 17.47
- P/B
- 2.12
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Bajaj Holdings & Investment Ltd. | Financial | 7.32% | ₹411 Cr | +6.60% | +6.66% | +7.83% |
| HDFC Bank Ltd. | Financial | 7.29% | ₹409 Cr | +7.76% | +7.40% | +7.95% |
| Power Grid Corporation Of India Ltd. | Energy | 6.41% | ₹360 Cr | +7.16% | +7.12% | +5.96% |
| Coal India Ltd. | Materials | 5.88% | ₹330 Cr | +6.79% | +6.18% | +5.57% |
| Maharashtra Scooters Ltd. | Automobile | 5.76% | ₹323 Cr | +5.45% | +5.48% | +7.21% |
| ICICI Bank Ltd. | Financial | 5.14% | ₹289 Cr | +4.62% | +4.91% | +4.97% |
| ITC Ltd. | Consumer Staples | 4.70% | ₹264 Cr | +5.35% | +5.11% | +5.18% |
| Kotak Mahindra Bank Ltd. | Financial | 4.55% | ₹255 Cr | +4.22% | +4.22% | +4.01% |
| HCL Technologies Ltd. | Technology | 4.48% | ₹251 Cr | +4.09% | +3.87% | +3.47% |
| Maruti Suzuki India Ltd. | Automobile | 3.84% | ₹216 Cr | +3.77% | +4.13% | +4.26% |
| Mahindra & Mahindra Ltd. | Automobile | 3.75% | ₹211 Cr | +3.53% | +3.70% | +3.61% |
| Axis Bank Ltd. | Financial | 3.70% | ₹208 Cr | +3.71% | +3.87% | +2.98% |
| Infosys Ltd. | Technology | 3.44% | ₹193 Cr | +3.56% | +3.41% | +3.57% |
| Bharti Airtel Ltd. | Communication | 3.38% | ₹190 Cr | +3.46% | +3.44% | +3.58% |
| Others | Others | 2.98% | ₹167 Cr | +0.14% | -0.02% | +5.38% |
| CCL Products (India) Ltd. | Consumer Staples | 2.70% | ₹151 Cr | +2.67% | +2.49% | +1.61% |
| CMS Info Systems Ltd. | Services | 2.62% | ₹147 Cr | +3.39% | +3.25% | +0.97% |
| Embassy Office Parks REIT | Construction | 2.51% | ₹141 Cr | +2.48% | +0.05% | — |
| Brookfield India Real Estate Trust REIT | Construction | 2.48% | ₹139 Cr | +2.34% | +1.69% | — |
| Tata Consultancy Services Ltd. | Technology | 1.95% | ₹109 Cr | +1.86% | +1.98% | +1.90% |
| Zydus Lifesciences Ltd. | Healthcare | 1.68% | ₹94.39 Cr | +1.58% | +1.31% | +1.33% |
| Wipro Ltd. | Technology | 1.53% | ₹85.95 Cr | +1.82% | +1.73% | +2.23% |
| Cipla Ltd. | Healthcare | 1.38% | ₹77.49 Cr | +1.39% | +1.29% | +1.35% |
| Dr. Reddy's Laboratories Ltd. | Healthcare | 1.25% | ₹70.36 Cr | +1.43% | +1.37% | +1.28% |
| Seshaasai Technologies Ltd. | Services | 1.19% | ₹66.70 Cr | +0.69% | — | — |
| Zydus Wellness Ltd. | Consumer Staples | 1.10% | ₹61.72 Cr | +1.07% | +0.77% | +0.83% |
| West Coast Paper Mills Ltd. | Consumer Staples | 1.03% | ₹57.98 Cr | +0.84% | +0.03% | — |
| VST Industries Ltd. | Consumer Staples | 0.86% | ₹48.43 Cr | +1.07% | +0.85% | +0.12% |
| Indian Energy Exchange Ltd. | Services | 0.85% | ₹47.62 Cr | +0.92% | +0.87% | +0.85% |
| Sharda Motor Industries Ltd. | Automobile | 0.56% | ₹31.30 Cr | +0.52% | — | — |
| E.I.D. - Parry (India) Ltd. | Consumer Staples | 0.50% | ₹28.18 Cr | +0.48% | +0.50% | +0.54% |
| Knowledge Realty Trust | Construction | 0.49% | ₹27.36 Cr | — | — | — |
| Indraprastha Gas Ltd. | Energy | 0.47% | ₹26.58 Cr | +0.51% | +0.01% | — |
| Narayana Hrudayalaya Ltd. | Healthcare | 0.36% | ₹19.99 Cr | +0.36% | +0.34% | +0.33% |
| DLF Ltd. | Construction | 0.36% | ₹19.93 Cr | — | — | — |
| Central Depository Services (India) Ltd. | Financial | 0.26% | ₹14.48 Cr | +0.23% | +0.23% | +0.27% |
| Sundrop Brands Ltd. | Consumer Staples | 0.22% | ₹12.08 Cr | +0.20% | +0.02% | — |
| Swaraj Engines Ltd. | Capital Goods | 0.20% | ₹11.32 Cr | +0.22% | +0.20% | +0.23% |
| The Great Eastern Shipping Company Ltd. | Energy | 0.18% | ₹10.19 Cr | +0.34% | +0.31% | — |
| Reserve Bank of India | Financial | 0.17% | ₹9.80 Cr | +0.09% | +0.09% | +0.09% |
| Petronet LNG Ltd. | Energy | 0.11% | ₹6.01 Cr | — | — | — |
| Indus Towers Ltd. | Communication | 0.10% | ₹5.83 Cr | +0.12% | +0.08% | — |
| Mahanagar Gas Ltd. | Energy | 0.08% | ₹4.39 Cr | +0.08% | 0.00% | — |
| ICRA Ltd. | Services | 0.05% | ₹2.85 Cr | +0.06% | +0.06% | +0.07% |
| Nesco Ltd. | Construction | 0.03% | ₹1.57 Cr | +0.03% | +0.03% | +0.04% |
| CIE Automotive India Ltd. | Metals & Mining | 0.02% | ₹1.36 Cr | +0.03% | +0.03% | — |
| Siyaram Silk Mills Ltd. | Textiles | 0.02% | ₹1.08 Cr | +0.04% | — | — |
| 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 |
|---|---|---|---|
| Others | 0.38% | -0.48% | -0.86% |
| Knowledge Realty Trust | 0.00% | 0.49% | +0.49% |
| Power Grid Corporation Of India Ltd. | 6.81% | 6.41% | -0.40% |
| ITC Ltd. | 5.09% | 4.70% | -0.39% |
| Kotak Mahindra Bank Ltd. | 4.17% | 4.55% | +0.38% |
| Maharashtra Scooters Ltd. | 5.39% | 5.76% | +0.37% |
| DLF Ltd. | 0.00% | 0.36% | +0.36% |
| Bajaj Holdings & Investment Ltd. | 7.02% | 7.32% | +0.30% |
| HDFC Bank Ltd. | 7.58% | 7.29% | -0.29% |
| Axis Bank Ltd. | 3.45% | 3.70% | +0.25% |
| Bharti Airtel Ltd. | 3.63% | 3.38% | -0.25% |
| CMS Info Systems Ltd. | 2.80% | 2.62% | -0.18% |
| CCL Products (India) Ltd. | 2.84% | 2.70% | -0.14% |
| The Great Eastern Shipping Company Ltd. | 0.32% | 0.18% | -0.14% |
| Seshaasai Technologies Ltd. | 1.05% | 1.19% | +0.14% |
| Maruti Suzuki India Ltd. | 3.97% | 3.84% | -0.13% |
| Coal India Ltd. | 5.97% | 5.88% | -0.09% |
| West Coast Paper Mills Ltd. | 0.95% | 1.03% | +0.08% |
| Zydus Wellness Ltd. | 1.18% | 1.10% | -0.08% |
| Mahindra & Mahindra Ltd. | 3.83% | 3.75% | -0.08% |
| Indian Energy Exchange Ltd. | 0.92% | 0.85% | -0.07% |
| Zydus Lifesciences Ltd. | 1.61% | 1.68% | +0.07% |
| Infosys Ltd. | 3.37% | 3.44% | +0.07% |
| Tata Consultancy Services Ltd. | 1.89% | 1.95% | +0.06% |
| HCL Technologies Ltd. | 4.53% | 4.48% | -0.05% |
| Cipla Ltd. | 1.42% | 1.38% | -0.04% |
| Embassy Office Parks REIT | 2.47% | 2.51% | +0.04% |
| Brookfield India Real Estate Trust REIT | 2.44% | 2.48% | +0.04% |
| VST Industries Ltd. | 0.90% | 0.86% | -0.04% |
| E.I.D. - Parry (India) Ltd. | 0.47% | 0.50% | +0.03% |
| Wipro Ltd. | 1.50% | 1.53% | +0.03% |
| Sharda Motor Industries Ltd. | 0.53% | 0.56% | +0.03% |
| Sundrop Brands Ltd. | 0.19% | 0.22% | +0.03% |
| Dr. Reddy's Laboratories Ltd. | 1.23% | 1.25% | +0.02% |
| Central Depository Services (India) Ltd. | 0.24% | 0.26% | +0.02% |
| Narayana Hrudayalaya Ltd. | 0.37% | 0.36% | -0.01% |
| ICICI Bank Ltd. | 5.13% | 5.14% | +0.01% |
| Petronet LNG Ltd. | 0.10% | 0.11% | +0.01% |
| Reserve Bank of India | 0.17% | 0.17% | 0.00% |
| CIE Automotive India Ltd. | 0.02% | 0.02% | 0.00% |
| Indus Towers Ltd. | 0.10% | 0.10% | 0.00% |
| Indraprastha Gas Ltd. | 0.47% | 0.47% | 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% |
| Swaraj Engines Ltd. | 0.20% | 0.20% | 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% |
| ICRA Ltd. | 0.05% | 0.05% | 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 | ₹2,116 Cr | 2.38% | 9.0% | 8.9% | 14.6% |
 Motilal Oswal ELSS Tax Saver Fund | ₹5,134 Cr | 2.08% | 17.2% | 12.9% | 18.3% |
 HSBC ELSS Tax saver Fund | ₹4,229 Cr | 1.99% | 5.7% | 8.3% | 13.2% |
 WhiteOak Capital ELSS Tax Saver Fund | ₹507 Cr | 2.59% | 2.8% | 7.1% | — |
 ITI ELSS Tax Saver Fund | ₹463 Cr | 2.57% | 6.8% | 6.9% | 12.9% |
 JM ELSS - Tax Saver Fund | ₹248 Cr | 2.69% | 12.5% | 9.3% | 14.1% |
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−0.74% absolute | ₹60,000 | ₹59,556 | −0.74% | |
| 1 year−10.94% annualised | ₹1,20,000 | ₹1,13,121 | −5.73% | |
| 3 years7.17% annualised | ₹3,60,000 | ₹4,02,714 | 11.87% | |
| 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 ₹28.51 as on 24 Sep 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 -11.4% over 1 year, -1.0% 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 ₹1,60,807 Cr under management.