Previously Known As : Parag Parikh Tax Saver Fund
Parag Parikh Elss Tax Saver Fund Overview
Category ELSS (Tax Saving) Fund
BMSMONEY Rank 10
BMSMONEY Rating
Gro. Opt. As On: 29-10-2024
NAV ₹30.46(R) +0.16% ₹32.48(D) +0.16%
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) 33.2% 18.34% 23.27% -% -%
LumpSum (D) 34.66% 19.78% 24.79% -% -%
SIP (R) 24.64% 23.88% 24.69% -% -%
SIP (D) 26.03% 25.29% 26.2% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
1.25 0.69 1.13 7.31% 0.18
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
9.62% -11.4% -7.38% 0.66 6.83%
Top ELSS (Tax Saving) Fund
Fund Name Rank Rating
Motilal Oswal ELSS Tax Saver Fund 1
Sbi Long Term Equity Fund 2
Hdfc Taxsaver 3
JM ELSS Tax Saver Fund 4
ITI ELSS Tax Saver Fund 5
DSP ELSS Tax Saver Fund 6
Franklin India ELSS Tax Saver Fund 7

NAV Date: 29-10-2024

Scheme Name NAV Rupee Change Percent Change
Parag Parikh ELSS Tax Saver Fund- Regular Growth 30.46
0.0500
0.1600%
Parag Parikh ELSS Tax Saver Fund- Direct Growth 32.48
0.0500
0.1600%

Review Date: 29-10-2024

Parag Parikh ELSS Tax Saver Fund has exhibited good performance in the ELSS (Tax Saving) Fund category. The fund has rank of 10 out of 33 funds in the category. The fund has delivered return of 33.2% in 1 year, 18.34% in 3 years and 23.27% in 5 years. The category average for the same periods is 37.97%, 16.18% and 19.75% respectively, which shows very good return performance of fund in the category. The fund has exhibited standard deviation of 9.62, VaR of -11.4, Average Drawdown of -2.48, Semi Deviation of 6.83 and Max Drawdown of -7.38. The category average for the same parameters is 12.67, -14.08, -5.23, 8.83 and -12.31 respectively. The fund has very low risk in the category.

Key Points:

  1. An investment of ₹10,000 in Parag Parikh ELSS Tax Saver Fund direct growth option would have grown to ₹13466.0 in 1 year, ₹17186.0 in 3 years and ₹30261.0 in 5 years as of today (29-10-2024).
  2. An SIP of ₹1,000 per month in Parag Parikh ELSS Tax Saver Fund direct growth option would have grown to ₹13631.0 in 1 year, ₹51956.0 in 3 years and ₹114662.0 in 5 years as of today (29-10-2024).
  3. standard deviation of 9.62 and based on VaR one can expect to lose more than -11.4% of current value of fund in one year.
  4. Sharpe ratio of the fund is 1.25 which shows very good performance of fund in the elss (tax saving) fund category.
  5. The fund has R-square of 0.78, Beta of 0.66 and Jensen's Alpha of 7.31% which exhibit very good performance in the elss (tax saving) fund category .


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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % -3.54
-5.10
-8.25 | -1.34 4 | 40 Very Good
3M Return % 1.33
-1.35
-6.31 | 5.77 4 | 40 Very Good
6M Return % 12.39
10.63
1.79 | 19.88 12 | 40 Good
1Y Return % 33.20
37.97
21.07 | 63.94 30 | 40 Average
3Y Return % 18.34
16.18
7.79 | 24.73 8 | 33 Very Good
5Y Return % 23.27
19.75
13.16 | 31.88 4 | 33 Very Good
1Y SIP Return % 24.64
23.66
7.43 | 48.63 16 | 40 Good
3Y SIP Return % 23.88
24.07
17.27 | 38.29 15 | 33 Good
5Y SIP Return % 24.69
23.08
16.19 | 31.86 9 | 33 Very Good
Standard Deviation 9.62
12.67
9.62 | 15.47 1 | 33 Very Good
Semi Deviation 6.83
8.83
6.83 | 10.96 1 | 33 Very Good
Max Drawdown % -7.38
-12.31
-22.56 | -6.28 2 | 33 Very Good
VaR 1 Y % -11.40
-14.08
-20.17 | -11.38 2 | 33 Very Good
Average Drawdown % -2.48
-5.23
-9.24 | -2.48 1 | 33 Very Good
Sharpe Ratio 1.25
0.88
0.19 | 1.48 4 | 33 Very Good
Sterling Ratio 1.13
0.86
0.31 | 1.53 3 | 33 Very Good
Sortino Ratio 0.69
0.47
0.12 | 0.85 4 | 33 Very Good
Jensen Alpha % 7.31
1.99
-8.39 | 9.14 5 | 33 Very Good
Treynor Ratio 0.18
0.12
0.03 | 0.20 4 | 33 Very Good
Modigliani Square Measure % 26.32
19.11
8.58 | 28.03 3 | 33 Very Good
Alpha % 1.18
0.59
-7.52 | 9.35 14 | 33 Good
Return data last Updated On : Oct. 29, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Sept. 30, 2024
KPIs: Key Performance Indicators

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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % -3.45 -5.04 -8.06 | -1.27 4 | 41
3M Return % 1.61 -1.11 -6.06 | 6.09 4 | 41
6M Return % 13.00 11.22 2.32 | 20.59 12 | 41
1Y Return % 34.66 39.52 22.72 | 65.90 30 | 40
3Y Return % 19.78 17.50 8.64 | 26.25 7 | 33
5Y Return % 24.79 21.12 14.12 | 34.01 4 | 33
1Y SIP Return % 26.03 25.07 8.86 | 50.44 16 | 40
3Y SIP Return % 25.29 25.42 18.49 | 39.90 15 | 33
5Y SIP Return % 26.20 24.47 17.10 | 33.89 9 | 33
Standard Deviation 9.62 12.67 9.62 | 15.47 1 | 33
Semi Deviation 6.83 8.83 6.83 | 10.96 1 | 33
Max Drawdown % -7.38 -12.31 -22.56 | -6.28 2 | 33
VaR 1 Y % -11.40 -14.08 -20.17 | -11.38 2 | 33
Average Drawdown % -2.48 -5.23 -9.24 | -2.48 1 | 33
Sharpe Ratio 1.25 0.88 0.19 | 1.48 4 | 33
Sterling Ratio 1.13 0.86 0.31 | 1.53 3 | 33
Sortino Ratio 0.69 0.47 0.12 | 0.85 4 | 33
Jensen Alpha % 7.31 1.99 -8.39 | 9.14 5 | 33
Treynor Ratio 0.18 0.12 0.03 | 0.20 4 | 33
Modigliani Square Measure % 26.32 19.11 8.58 | 28.03 3 | 33
Alpha % 1.18 0.59 -7.52 | 9.35 14 | 33
Return data last Updated On : Oct. 29, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Sept. 30, 2024
KPIs: Key Performance Indicators

Investment Period Regular Direct
Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
1D 0.16 ₹ 10,016.00 0.16 ₹ 10,016.00
1W -0.65 ₹ 9,935.00 -0.63 ₹ 9,937.00
1M -3.54 ₹ 9,646.00 -3.45 ₹ 9,655.00
3M 1.33 ₹ 10,133.00 1.61 ₹ 10,161.00
6M 12.39 ₹ 11,239.00 13.00 ₹ 11,300.00
1Y 33.20 ₹ 13,320.00 34.66 ₹ 13,466.00
3Y 18.34 ₹ 16,573.00 19.78 ₹ 17,186.00
5Y 23.27 ₹ 28,467.00 24.79 ₹ 30,261.00
7Y ₹ ₹
10Y ₹ ₹
15Y ₹ ₹

Disclaimer: Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Returns for periods above 1 year are annualised.

Investment Period Invested Amount Regular Direct
XIRR % Current Value of Invested Amount XIRR % Current Value of Invested Amount
1Y ₹ 12000 24.64 ₹ 13,547.14 26.03 ₹ 13,631.46
3Y ₹ 36000 23.88 ₹ 50,957.86 25.29 ₹ 51,956.10
5Y ₹ 60000 24.69 ₹ 110,574.48 26.20 ₹ 114,661.50
7Y ₹ 84000 ₹ ₹
10Y ₹ 120000 ₹ ₹
15Y ₹ 180000 ₹ ₹


Date Parag Parikh Elss Tax Saver Fund NAV Regular Growth Parag Parikh Elss Tax Saver Fund NAV Direct Growth
29-10-2024 30.4596 32.4782
28-10-2024 30.4103 32.4247
25-10-2024 30.3909 32.401
24-10-2024 30.5583 32.5786
23-10-2024 30.685 32.7126
22-10-2024 30.6577 32.6826
21-10-2024 31.0518 33.1017
18-10-2024 31.0569 33.1041
17-10-2024 30.8588 32.892
16-10-2024 31.0845 33.1316
15-10-2024 31.2224 33.2776
14-10-2024 31.1041 33.1504
11-10-2024 30.9991 33.0356
10-10-2024 31.0434 33.0818
09-10-2024 30.9112 32.9399
08-10-2024 30.7867 32.8063
07-10-2024 30.5437 32.5463
04-10-2024 30.8919 32.9144
03-10-2024 31.131 33.1682
01-10-2024 31.6298 33.6976
30-09-2024 31.5765 33.6398

Fund Launch Date: 04/Jul/2019
Fund Category: ELSS (Tax Saving) Fund
Investment Objective: To seek to generate long term capital growthfrom an actively managed portfolio primarilyof equity and equity related Securities
Fund Description: An open-ended Equity linked savingscheme with a statutory lock in of 3years and tax benefit
Fund Benchmark: Nifty 500 (Total Return Index)
Source: Fund FactSheet

Disclaimer: NO INVESTMENT ADVICE. The Content is for informational purposes only.