Tax saving funds provides inflation beating growth over the long term and is suitable for investment objectives with duration of 10-15 years or longer (minimum 5 years).
Explore a scientifically created Scripbox plan within this asset class.
Tax Saver Plan
Invest in a scientifically curated set of tax saving funds (ELSS) which are designed to help you save tax under Sec. 80C while offering the opportunity for growth in line with equity returns.
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
PPFAS Asset Management Pvt. Ltd manages assets worth 16,757 crores and was set up on 8 August 2011. It's current offering of mutual fund schemes includes 5 debt and 2 equity funds.
Invest in a scientifically curated set of tax saving funds (ELSS) which are designed to help you save tax under Sec. 80C while offering the opportunity for growth in line with equity returns.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
What Scripbox recommendations mean?
Recommended
Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.
Top Ranked
Neutral
Not Recommended
Track Record
We look at consistent and long historical performance for our analysis.
Fund Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Sub-asset Class View
We check if the sub-category of the fund is recommended by us.
Fund Performance
Consistency of performance over various tenures is analysed for a relative performance stack.
Track Record
We look at consistent and long historical performance for our analysis.
Fund Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Impact of Interest Rates
We check the relative interest rate risk of the sub-category of the fund. Lower the better.
Credit Attractiveness
We check the credit quality of the underlying instruments present in the fund. Higher the better.
Equity Funds
Debt Funds
About Parag Parikh Tax Saver Fund (G)
About Parag Parikh Tax Saver Fund (G)
Parag Parikh Tax Saver Fund (G) is a Tax Saving Equity fund and has delivered an annualised return of 33.3% over a period of 2 years. . The fund is managed by PPFAS Asset Management Pvt. Ltd. The fund managers are Rajeev Thakkar, Raj Mehta, Raunak Onkar
Parag Parikh Tax Saver Fund (G) Investment Objective
To seek to generate long-term capital appreciation through a diversified portfolio of equity and equity related instruments. . However, there is no assurance that the objective of the scheme will be realized.
Parag Parikh Tax Saver Fund (G) NAV,AUM,Risk
The Parag Parikh Tax Saver Fund (G) fund was launched on Jul 26, 2019. The NAV (Net Asset Value) of this Tax Saving Equity fund as of 2021-09-23 is ₹18.64. The total AUM (Asset Under Management) of the fund as of 24/09/2021 is ₹283.726. The category risk of the Parag Parikh Tax Saver Fund (G) fund is Very High Risk. The fund charges 2.46 % as expense ratio.
Parag Parikh Tax Saver Fund (G) Holdings
The fund’s highest allocation is towards Equity and has invested 81.3% in this asset class. The top three holdings of the fund are , treps , bajaj holdings and investment ltd , itc ltd , tata consultancy services ltd , hcl technologies ltd , wipro ltd , indian energy exchange ltd , hero motocorp ltd , maruti suzuki india ltd , balkrishna industries ltd , persistent systems ltd , central depository services (india) ltd , axis bank ltd , icici bank ltd , mphasis ltd , multi commodity exchange of india ltd , ccl products (india) ltd , hdfc bank ltd , icra ltd , oracle financial services software ltd , cadila healthcare ltd , sun pharmaceuticals industries ltd , lupin ltd , dr reddy's laboratories ltd , ipca laboratories ltd
Parag Parikh Tax Saver Fund (G) Sip
The minimum SIP (Systematic Investment Plan) amount for this is ₹1000 and you can increase this in multiples of ₹ 500. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 500.
Parag Parikh Tax Saver Fund (G) Investment volatility and Horizon
This fund is meant for investors with a minimum investment horizon of 5-7 years. Due to the asset class nature, expect volatility in your investments over the short term. The fund is benchmarked to IISL Nifty 500 TR INR
Parag Parikh Tax Saver Fund (G) Review
Parag Parikh Tax Saver Fund (G) has a score of 3 on a scale of 5. The fund scores 1 out of 5 based on historical performance.
As compared to the other funds in its category, Parag Parikh Tax Saver Fund (G) has a score of 2 out of 5
Scipbox has rated this fund 3 out of 5 based on consistency of performance over various years / tenures.
