Previously Known As : Parag Parikh Tax Saver Fund
Parag Parikh Elss Tax Saver Fund Datagrid
Category ELSS (Tax Saving) Fund
BMSMONEY Rank 24
Rating
Growth Option 30-09-2026
NAV ₹28.15(R) +0.2% ₹30.66(D) +0.2%
Returns 1Y 3Y 5Y 7Y 10Y
Lumpsum Regular -10.49% 6.78% 8.74% 15.25% -%
Direct -9.48% 7.96% 10.02% 16.63% -%
Benchmark
SIP (XIRR) Regular -12.08% -1.67% 6.0% 11.38% -%
Direct -11.08% -0.52% 7.28% 12.79% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.39 0.18 0.43 0.83% 0.07
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
11.39% -15.29% -14.41% 0.67 8.48%
Fund AUM As on: 30/12/2025 5840 Cr
Top ELSS (Tax Saving) Fund
Fund Name Rank Rating
Motilal Oswal ELSS Tax Saver Fund 1
quant Elss Tax Saver Fund 2
SBI ELSS Tax Saver Fund 3
Baroda BNP Paribas ELSS Tax Saver Fund 4
HSBC Elss Tax Saver Fund 5
Whiteoak Capital Elss Tax Saver Fund 6
JM ELSS Tax Saver Fund 7
Nippon India ELSS Tax Saver Fund 8

NAV Date: 30-09-2026

Scheme Name NAV Rupee Change Percent Change
Parag Parikh ELSS Tax Saver Fund- Regular Growth 28.15
0.0500
0.2000%
Parag Parikh ELSS Tax Saver Fund- Direct Growth 30.66
0.0600
0.2000%

Review Date: 30-09-2026

Beginning of Analysis

Parag Parikh ELSS Tax Saver Fund is the second ranked fund in the ELSS (Tax Saving) Fund category. 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 0.83% which is higher than the category average of -0.29%. Here the fund has shown good performance in terms of risk adjusted returns. The fund has a Sharpe Ratio of 0.39 which is higher than the category average of 0.38.
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 -3.73%, -3.41 and 2.12 in last one, three and six months respectively. In the same period the category average return was -5.24%, -2.46% and 9.83% respectively.
  • Parag Parikh ELSS Tax Saver Fund has given a return of -9.48% in last one year. In the same period the Nifty 500 TRI return was -2.0%. The fund has given 7.48% less return than the benchmark return.
  • The fund has given a return of 7.96% in last three years and rank 31st out of thirty nine funds in the category. In the same period the Nifty 500 TRI return was 9.99%. The fund has given 2.03% less return than the benchmark return.
  • Parag Parikh ELSS Tax Saver Fund has given a return of 10.02% in last five years and category average returns is 10.2% in same period. The fund ranked 17th out of thirty one funds in the category. In the same period the Nifty 500 TRI return was 10.13%. The fund has given 0.11% less return than the benchmark return.
  • The fund has given a SIP return of -11.08% in last one year whereas category average SIP return is -2.81%. The fund one year return rank in the category is 38th in 41 funds
  • The fund has SIP return of -0.52% in last three years and ranks 33rd in 39 funds. Motilal Oswal ELSS Tax Saver Fund has given the highest SIP return (12.62%) in the category in last three years.
  • The fund has SIP return of 7.28% in last five years whereas category average SIP return is 9.39%.

Parag Parikh ELSS Tax Saver Fund Risk Analysis

  • The fund has a standard deviation of 11.39 and semi deviation of 8.48. The category average standard deviation is 15.39 and semi deviation is 11.37.
  • The fund has a Value at Risk (VaR) of -15.29 and a maximum drawdown of -14.41. The category average VaR is -22.63 and the maximum drawdown is -18.27. The fund has a beta of 0.67 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 Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % -3.83 -5.85
    -5.28
    		-7.43 | -1.82 6 | 40 Very Good
    3M Return % -3.70 -3.73
    -2.68
    		-6.21 | 3.18 24 | 40 Average
    6M Return % 1.53 8.21
    9.26
    		1.53 | 21.07 40 | 40 Poor
    1Y Return % -10.49 -2.03
    -2.13
    		-10.49 | 10.06 40 | 40 Poor
    3Y Return % 6.78 9.52
    9.17
    		2.32 | 19.15 31 | 39 Poor
    5Y Return % 8.74 9.04
    9.01
    		4.16 | 15.45 18 | 31 Average
    7Y Return % 15.25 14.22
    13.81
    		9.14 | 23.61 7 | 30 Very Good
    1Y SIP Return % -12.08
    -3.81
    		-13.71 | 13.63 37 | 40 Poor
    3Y SIP Return % -1.67
    1.94
    		-3.26 | 11.30 34 | 39 Poor
    5Y SIP Return % 6.00
    8.18
    		3.04 | 17.18 25 | 31 Poor
    7Y SIP Return % 11.38
    11.85
    		6.44 | 19.20 20 | 30 Average
    Standard Deviation 11.39
    15.39
    		11.39 | 21.29 1 | 39 Very Good
    Semi Deviation 8.48
    11.37
    		8.48 | 15.53 1 | 39 Very Good
    Max Drawdown % -14.41
    -18.27
    		-28.24 | -14.41 2 | 39 Very Good
    VaR 1 Y % -15.29
    -22.63
    		-38.55 | -15.29 1 | 39 Very Good
    Average Drawdown % 6.56
    8.11
    		4.32 | 11.51 34 | 39 Poor
    Sharpe Ratio 0.39
    0.38
    		-0.05 | 0.72 20 | 39 Good
    Sterling Ratio 0.43
    0.43
    		0.12 | 0.68 18 | 39 Good
    Sortino Ratio 0.18
    0.19
    		0.02 | 0.36 20 | 39 Good
    Jensen Alpha % 0.83
    -0.29
    		-8.12 | 6.11 15 | 38 Good
    Treynor Ratio 0.07
    0.07
    		-0.01 | 0.12 18 | 38 Good
    Modigliani Square Measure % 5.94
    6.01
    		-0.84 | 11.01 20 | 38 Good
    Alpha % -2.32
    -0.82
    		-8.52 | 6.66 27 | 38 Average
    Return data last Updated On : Sept. 30, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : June 30, 2026
    KPIs: Key Performance Indicators

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    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % -3.73 -5.85 -5.24 -7.34 | -1.77 6 | 41 Very Good
    3M Return % -3.41 -3.73 -2.46 -6.07 | 3.56 25 | 41 Average
    6M Return % 2.12 8.21 9.83 1.97 | 21.80 39 | 41 Poor
    1Y Return % -9.48 -2.03 -1.05 -9.48 | 11.16 41 | 41 Poor
    3Y Return % 7.96 9.52 10.35 3.75 | 20.56 31 | 39 Poor
    5Y Return % 10.02 9.04 10.20 4.96 | 16.84 17 | 31 Average
    7Y Return % 16.63 14.22 15.03 10.68 | 25.42 7 | 30 Very Good
    1Y SIP Return % -11.08 -2.81 -12.99 | 14.95 38 | 41 Poor
    3Y SIP Return % -0.52 3.06 -1.63 | 12.62 33 | 39 Poor
    5Y SIP Return % 7.28 9.39 4.83 | 18.61 24 | 31 Average
    7Y SIP Return % 12.79 13.11 8.36 | 20.89 17 | 30 Average
    Standard Deviation 11.39 15.39 11.39 | 21.29 1 | 39 Very Good
    Semi Deviation 8.48 11.37 8.48 | 15.53 1 | 39 Very Good
    Max Drawdown % -14.41 -18.27 -28.24 | -14.41 2 | 39 Very Good
    VaR 1 Y % -15.29 -22.63 -38.55 | -15.29 1 | 39 Very Good
    Average Drawdown % 6.56 8.11 4.32 | 11.51 34 | 39 Poor
    Sharpe Ratio 0.39 0.38 -0.05 | 0.72 20 | 39 Good
    Sterling Ratio 0.43 0.43 0.12 | 0.68 18 | 39 Good
    Sortino Ratio 0.18 0.19 0.02 | 0.36 20 | 39 Good
    Jensen Alpha % 0.83 -0.29 -8.12 | 6.11 15 | 38 Good
    Treynor Ratio 0.07 0.07 -0.01 | 0.12 18 | 38 Good
    Modigliani Square Measure % 5.94 6.01 -0.84 | 11.01 20 | 38 Good
    Alpha % -2.32 -0.82 -8.52 | 6.66 27 | 38 Average
    Return data last Updated On : Sept. 30, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : June 30, 2026
    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
    30-09-2026 28.1489 30.6601
    29-09-2026 28.0939 30.5992
    28-09-2026 28.2883 30.8099
    25-09-2026 28.6198 31.168
    24-09-2026 28.5142 31.0519
    23-09-2026 28.8698 31.4382
    22-09-2026 28.8079 31.3698
    21-09-2026 28.8862 31.4541
    18-09-2026 28.8144 31.3729
    17-09-2026 28.6323 31.1736
    16-09-2026 28.5903 31.1268
    15-09-2026 28.4806 31.0064
    11-09-2026 28.6618 31.1997
    10-09-2026 28.7054 31.2462
    09-09-2026 28.7015 31.2409
    08-09-2026 28.935 31.4941
    07-09-2026 29.0492 31.6173
    04-09-2026 29.1349 31.7075
    03-09-2026 29.1784 31.7538
    02-09-2026 29.1692 31.7428
    01-09-2026 29.3267 31.9133
    31-08-2026 29.2691 31.8495

    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.