Investment type
Parag Parikh ELSS Tax Saver Fund - Direct (G) is a mutual fund under the Tax Saving Funds category, managed by PPFAS Mutual Fund. It was launched on 08 Aug 2011, and has been active for over 14 years. As of 31 Mar 2025 the fund manages assets worth ₹5,557 Crores. The expense ratio is 0.62%.
This fund generated returns of 4.92% in the last 1 year. Since its inception, it has provided an average annual return of 22.41%.
The fund's investments are mainly concentrated in sectors like Banks, Debt, Finance, IT-Software and Automobiles.
The top five holdings in this fund include prominent companies such as Bajaj Holdings, HDFC Bank, Mah. Scooters, Power Grid Corpn and Coal India.
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.
ELSS funds carry moderate to high risk due to their equity exposure, though they also offer tax benefits.
Yes, if you want tax savings and are willing to invest in equities with a three-year lock-in period.
The minimum is three years, but staying invested longer can help maximize returns.
No, ELSS funds have a mandatory lock-in period of three years.
Expense ratios for ELSS funds can vary from 1% to 2%, which is typical for actively managed funds.
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