Previously Known As : Parag Parikh Tax Saver Fund
Parag Parikh Elss Tax Saver Fund Overview
Category ELSS (Tax Saving) Fund
BMSMONEY Rank 2
Rating
Growth Option 18-07-2025
NAV ₹31.9(R) -0.48% ₹34.28(D) -0.47%
Returns 1Y 3Y 5Y 7Y 10Y
Lumpsum Regular 6.51% 21.26% 23.65% -% -%
Direct 7.68% 22.67% 25.14% -% -%
Nifty 500 TRI 1.27% 19.65% 22.21% 15.28% 13.78%
SIP (XIRR) Regular 9.31% 16.81% 18.75% -% -%
Direct 10.5% 18.15% 20.18% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
1.66 0.89 1.16 8.61% 0.26
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
9.72% -12.04% -9.56% 0.63 7.18%
Fund AUM As on: 30/06/2025 5195 Cr
Top ELSS (Tax Saving) Fund
Fund Name Rank Rating
Hdfc Taxsaver 1
Parag Parikh ELSS Tax Saver Fund 2
Motilal Oswal ELSS Tax Saver Fund 3
Sbi Long Term Equity Fund 4
Hsbc Tax Saver Equity Fund 5
Taurus ELSS tax saver fund 6
DSP ELSS Tax Saver Fund 7
Franklin India ELSS Tax Saver Fund 8

NAV Date: 18-07-2025

Scheme Name NAV Rupee Change Percent Change
Parag Parikh ELSS Tax Saver Fund- Regular Growth 31.9
-0.1500
-0.4800%
Parag Parikh ELSS Tax Saver Fund- Direct Growth 34.28
-0.1600
-0.4700%

Review Date: 18-07-2025

Beginning of Analysis

In the ELSS (Tax Saving) Fund category, Parag Parikh ELSS Tax Saver Fund is the second ranked fund. The category has total 35 funds. The 5 star rating shows an excellent past performance of the Parag Parikh ELSS Tax Saver Fund in ELSS (Tax Saving) Fund. The fund has a Jensen Alpha of 8.61% which is higher than the category average of 1.59%. Here the fund has shown very good performance in terms of risk adjusted returns. The fund has a Sharpe Ratio of 1.66 which is higher than the category average of 1.13.
The past performance of the fund may or may not be sustained in the future. The review is not investment advice nor is it a recommendation to buy or sell funds. The ranking is based on proprietary methodology developed by bmsmoney. The methodology is based on the past performance of the funds and does not guarantee future performance.
ELSS (Tax Saving) Mutual Funds are ideal for taxpayers seeking to save taxes under Section 80C while aiming for long-term wealth creation through equity investments. These funds offer a tax deduction of up to ₹1.5 lakh per financial year and have the shortest lock-in period of 3 years among all Section 80C options. However, being equity-oriented, they are subject to market risks and do not offer guaranteed returns. Investors should have a long-term investment horizon and a moderate to high risk tolerance to invest in ELSS funds. Additionally, the tax implications of long-term capital gains should be considered.

Parag Parikh ELSS Tax Saver Fund Return Analysis

The Parag Parikh ELSS Tax Saver Fund has delivered a mixed performance across various time horizons, showcasing both strengths and challenges when compared to its ELSS (Tax Saving) Fund peers and the Nifty 500 TRI benchmark. This analysis examines the fund’s returns over periods ranging from one month to ten years, alongside its Systematic Investment Plan (SIP) performance, highlighting its rankings within the ELSS (Tax Saving) Fund category and its ability to outperform or underperform the benchmark and category averages.

  • The fund has given a return of 0.57%, 5.02 and 8.04 in last one, three and six months respectively. In the same period the category average return was 1.83%, 6.33% and 6.31% respectively.
  • Parag Parikh ELSS Tax Saver Fund has given a return of 7.68% in last one year. In the same period the Nifty 500 TRI return was 1.27%. The fund has given 6.41% more return than the benchmark return.
  • The fund has given a return of 22.67% in last three years and rank 10th out of 35 funds in the category. In the same period the Nifty 500 TRI return was 19.65%. The fund has given 3.02% more return than the benchmark return.
  • Parag Parikh ELSS Tax Saver Fund has given a return of 25.14% in last five years and category average returns is 23.14% in same period. The fund ranked 10th out of 33 funds in the category. In the same period the Nifty 500 TRI return was 22.21%. The fund has given 2.93% more return than the benchmark return.
  • The fund has given a SIP return of 10.5% in last one year whereas category average SIP return is 8.0%. The fund one year return rank in the category is 8th in 41 funds
  • The fund has SIP return of 18.15% in last three years and ranks 10th in 35 funds. Motilal Oswal ELSS Tax Saver Fund has given the highest SIP return (26.65%) in the category in last three years.
  • The fund has SIP return of 20.18% in last five years whereas category average SIP return is 18.25%.

Parag Parikh ELSS Tax Saver Fund Risk Analysis

  • The fund has a standard deviation of 9.72 and semi deviation of 7.18. The category average standard deviation is 13.69 and semi deviation is 10.09.
  • The fund has a Value at Risk (VaR) of -12.04 and a maximum drawdown of -9.56. The category average VaR is -16.65 and the maximum drawdown is -17.44. The fund has a beta of 0.66 which shows that fund is less volatile than the benchmark.

Standard deviation measures the fund's return volatility and Semi deviation focuses on downside volatility. Value at Risk (VaR) is a measure of the risk of investments. Maximum Drawdown is the maximum loss from a peak to a trough of a portfolio. Beta measures the volatility of the fund compared to the benchmark. A beta of 1 indicates that the fund will move in line with the benchmark. A beta of more than 1 indicates that the fund will be more volatile than the benchmark and vice versa.


  • Very Good Performance in ELSS (Tax Saving) Fund Category
  • Good Performance in ELSS (Tax Saving) Fund Category
  • Poor Performance in ELSS (Tax Saving) Fund Category
  • Very Poor Performance in ELSS (Tax Saving) Fund Category

    • Investors beware: Mutual Fund investments are subject to market risks. Please read the scheme related documents carefully.

    Data Source: www.amfiindia.com

    SEBI Categorization


    KPIs* Fund Nifty 500 TRI Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % 0.48 1.73
    1.74
    		0.48 | 5.45 40 | 40 Poor
    3M Return % 4.74 6.22
    6.03
    		2.90 | 13.19 28 | 40 Average
    6M Return % 7.46 7.33
    5.70
    		0.41 | 9.78 9 | 40 Very Good
    1Y Return % 6.51 1.27
    0.92
    		-11.21 | 9.64 4 | 40 Very Good
    3Y Return % 21.26 19.65
    19.74
    		13.60 | 29.32 10 | 35 Good
    5Y Return % 23.65 22.21
    21.75
    		14.38 | 30.57 11 | 33 Good
    1Y SIP Return % 9.31
    6.80
    		-3.65 | 13.24 7 | 40 Very Good
    3Y SIP Return % 16.81
    15.52
    		7.82 | 25.10 11 | 35 Good
    5Y SIP Return % 18.75
    16.91
    		10.47 | 24.02 10 | 33 Good
    Standard Deviation 9.72
    13.69
    		9.72 | 18.98 1 | 35 Very Good
    Semi Deviation 7.18
    10.09
    		7.18 | 14.97 1 | 35 Very Good
    Max Drawdown % -9.56
    -17.44
    		-25.67 | -9.56 1 | 35 Very Good
    VaR 1 Y % -12.04
    -16.65
    		-24.68 | -11.12 2 | 35 Very Good
    Average Drawdown % -3.17
    -6.09
    		-10.68 | -3.17 1 | 35 Very Good
    Sharpe Ratio 1.66
    1.13
    		0.61 | 1.69 3 | 35 Very Good
    Sterling Ratio 1.16
    0.81
    		0.47 | 1.17 3 | 35 Very Good
    Sortino Ratio 0.89
    0.57
    		0.28 | 0.95 3 | 35 Very Good
    Jensen Alpha % 8.61
    1.59
    		-5.90 | 8.73 2 | 35 Very Good
    Treynor Ratio 0.26
    0.17
    		0.10 | 0.26 1 | 35 Very Good
    Modigliani Square Measure % 32.47
    22.64
    		14.24 | 32.47 1 | 35 Very Good
    Alpha % 2.37
    0.16
    		-5.88 | 9.81 10 | 35 Good
    Return data last Updated On : July 18, 2025.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : June 30, 2025
    KPIs: Key Performance Indicators

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    KPIs* Fund Nifty 500 TRI Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % 0.57 1.73 1.83 0.55 | 5.60 40 | 41
    3M Return % 5.02 6.22 6.33 3.19 | 13.55 28 | 41
    6M Return % 8.04 7.33 6.31 1.19 | 10.73 7 | 41
    1Y Return % 7.68 1.27 2.04 -9.75 | 10.57 4 | 41
    3Y Return % 22.67 19.65 21.05 15.52 | 30.88 10 | 35
    5Y Return % 25.14 22.21 23.14 15.91 | 32.56 10 | 33
    1Y SIP Return % 10.50 8.00 -2.13 | 14.14 8 | 41
    3Y SIP Return % 18.15 16.82 9.69 | 26.65 10 | 35
    5Y SIP Return % 20.18 18.25 12.42 | 25.54 9 | 33
    Standard Deviation 9.72 13.69 9.72 | 18.98 1 | 35
    Semi Deviation 7.18 10.09 7.18 | 14.97 1 | 35
    Max Drawdown % -9.56 -17.44 -25.67 | -9.56 1 | 35
    VaR 1 Y % -12.04 -16.65 -24.68 | -11.12 2 | 35
    Average Drawdown % -3.17 -6.09 -10.68 | -3.17 1 | 35
    Sharpe Ratio 1.66 1.13 0.61 | 1.69 3 | 35
    Sterling Ratio 1.16 0.81 0.47 | 1.17 3 | 35
    Sortino Ratio 0.89 0.57 0.28 | 0.95 3 | 35
    Jensen Alpha % 8.61 1.59 -5.90 | 8.73 2 | 35
    Treynor Ratio 0.26 0.17 0.10 | 0.26 1 | 35
    Modigliani Square Measure % 32.47 22.64 14.24 | 32.47 1 | 35
    Alpha % 2.37 0.16 -5.88 | 9.81 10 | 35
    Return data last Updated On : July 18, 2025.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : June 30, 2025
    KPIs: Key Performance Indicators

    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.


    Date Parag Parikh Elss Tax Saver Fund NAV Regular Growth Parag Parikh Elss Tax Saver Fund NAV Direct Growth
    18-07-2025 31.902 34.2849
    17-07-2025 32.0548 34.4481
    16-07-2025 32.1197 34.5167
    15-07-2025 32.0993 34.4939
    14-07-2025 31.9709 34.3549
    11-07-2025 31.9628 34.343
    10-07-2025 32.1654 34.5597
    09-07-2025 32.2815 34.6834
    08-07-2025 32.256 34.655
    07-07-2025 32.3452 34.7498
    04-07-2025 32.3778 34.7816
    03-07-2025 32.3152 34.7133
    02-07-2025 32.422 34.8271
    01-07-2025 32.3443 34.7425
    30-06-2025 32.3936 34.7945
    27-06-2025 32.4195 34.8192
    26-06-2025 32.2861 34.6749
    25-06-2025 32.0563 34.4271
    24-06-2025 31.8756 34.232
    23-06-2025 31.7225 34.0664
    20-06-2025 31.9218 34.2774
    19-06-2025 31.6225 33.9551
    18-06-2025 31.7511 34.0921

    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.