Parag Parikh Tax Saver Fund Overview
Category ELSS (Tax Saving) Fund
BMSMONEY Rank 11
BMSMONEY Rating
Gro. Opt. As On: 26-07-2024
NAV ₹29.98(R) +1.31% ₹31.88(D) +1.31%
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) 36.06% 21.04% 24.57% -% -%
LumpSum (D) 37.55% 22.53% 26.1% -% -%
SIP (R) 40.1% 26.11% 25.32% -% -%
SIP (D) 41.62% 27.55% 26.82% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
1.37 0.76 1.26 8.34% 0.21
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
9.99% -11.4% -7.38% 0.65 7.16%
Top ELSS (Tax Saving) Fund
Fund Name Rank Rating
SBI Long Term Equity Fund 1
HDFC Taxsaver 2
Quant Tax Plan 3
Motilal Oswal Long Term Equity Fund (Moflte) 4
Bank Of India Tax Advantage Fund 5
JM Tax Gain Fund 6
ITI Long Term Equity Fund 7
Franklin India Taxshield 8

NAV Date: 26-07-2024

Scheme Name NAV Rupee Change Percent Change
Parag Parikh Tax Saver Fund- Regular Growth 29.98
0.3900
1.3100%
Parag Parikh Tax Saver Fund- Direct Growth 31.88
0.4100
1.3100%

Review Date: 26-07-2024

Parag Parikh Tax Saver Fund has shown good performance in the ELSS (Tax Saving) Fund category. The fund has rank of 11 out of 35 funds in the category. The fund has delivered return of 36.06% in 1 year, 21.04% in 3 years and 24.57% in 5 years. The category average for the same periods is 39.91%, 20.18% and 21.58% respectively, which shows good return performance of fund in the category. The fund has exhibited standard deviation of 9.99, VaR of -11.4, Average Drawdown of -2.58, Semi Deviation of 7.16 and Max Drawdown of -7.38. The category average for the same parameters is 12.71, -14.08, -5.57, 9.01 and -12.33 respectively. The fund has very low risk in the category.

Key Points:

  1. An investment of ₹10,000 in Parag Parikh Tax Saver Fund direct growth option would have grown to ₹13755.0 in 1 year, ₹18397.0 in 3 years and ₹31888.0 in 5 years as of today (26-07-2024).
  2. An SIP of ₹1,000 per month in Parag Parikh Tax Saver Fund direct growth option would have grown to ₹14552.0 in 1 year, ₹53541.0 in 3 years and ₹116318.0 in 5 years as of today (26-07-2024).
  3. standard deviation of 9.99 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 1.37 which shows very good performance of fund in the elss (tax saving) fund category.
  5. The fund has R-square of 0.74, Beta of 0.65 and Jensen's Alpha of 8.34% 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 % 5.19
3.56
1.50 | 6.29 3 | 35 Very Good
3M Return % 10.62
11.56
8.82 | 16.41 23 | 35 Average
6M Return % 16.77
20.14
15.39 | 27.68 30 | 35 Poor
1Y Return % 36.06
39.91
24.44 | 56.46 22 | 35 Average
3Y Return % 21.04
20.18
11.54 | 28.89 12 | 33 Good
5Y Return % 24.57
21.58
15.49 | 35.49 5 | 32 Very Good
1Y SIP Return % 40.10
48.01
33.64 | 64.79 31 | 35 Poor
3Y SIP Return % 26.11
28.05
20.20 | 39.75 21 | 33 Average
5Y SIP Return % 25.32
24.53
17.21 | 36.79 12 | 32 Good
Standard Deviation 9.99
12.71
9.99 | 16.36 1 | 33 Very Good
Semi Deviation 7.16
9.01
7.16 | 11.67 1 | 33 Very Good
Max Drawdown % -7.38
-12.33
-22.81 | -6.28 2 | 33 Very Good
VaR 1 Y % -11.40
-14.08
-20.17 | -11.38 2 | 33 Very Good
Average Drawdown % -2.58
-5.57
-11.96 | -2.58 1 | 33 Very Good
Sharpe Ratio 1.37
0.95
0.28 | 1.59 3 | 33 Very Good
Sterling Ratio 1.26
0.93
0.36 | 1.67 4 | 33 Very Good
Sortino Ratio 0.76
0.51
0.17 | 0.91 3 | 33 Very Good
Jensen Alpha % 8.34
2.63
-8.40 | 13.97 4 | 33 Very Good
Treynor Ratio 0.21
0.14
0.04 | 0.23 4 | 33 Very Good
Modigliani Square Measure % 28.69
20.91
10.22 | 30.40 2 | 33 Very Good
Alpha % 1.47
0.58
-7.65 | 12.32 12 | 33 Good
Return data last Updated On : July 26, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : April 30, 2024
KPIs: Key Performance Indicators

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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % 5.29 3.65 1.60 | 6.34 3 | 35
3M Return % 10.91 11.86 9.08 | 16.66 21 | 35
6M Return % 17.39 20.78 16.31 | 28.51 30 | 35
1Y Return % 37.55 41.42 26.33 | 58.34 21 | 35
3Y Return % 22.53 21.54 12.42 | 29.75 13 | 33
5Y Return % 26.10 22.94 16.48 | 37.72 6 | 32
1Y SIP Return % 41.62 49.61 35.65 | 65.93 30 | 35
3Y SIP Return % 27.55 29.41 21.08 | 40.65 20 | 33
5Y SIP Return % 26.82 25.87 18.11 | 38.88 12 | 32
Standard Deviation 9.99 12.71 9.99 | 16.36 1 | 33
Semi Deviation 7.16 9.01 7.16 | 11.67 1 | 33
Max Drawdown % -7.38 -12.33 -22.81 | -6.28 2 | 33
VaR 1 Y % -11.40 -14.08 -20.17 | -11.38 2 | 33
Average Drawdown % -2.58 -5.57 -11.96 | -2.58 1 | 33
Sharpe Ratio 1.37 0.95 0.28 | 1.59 3 | 33
Sterling Ratio 1.26 0.93 0.36 | 1.67 4 | 33
Sortino Ratio 0.76 0.51 0.17 | 0.91 3 | 33
Jensen Alpha % 8.34 2.63 -8.40 | 13.97 4 | 33
Treynor Ratio 0.21 0.14 0.04 | 0.23 4 | 33
Modigliani Square Measure % 28.69 20.91 10.22 | 30.40 2 | 33
Alpha % 1.47 0.58 -7.65 | 12.32 12 | 33
Return data last Updated On : July 26, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : April 30, 2024
KPIs: Key Performance Indicators

Investment Period Regular Direct
Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
1D 1.31 ₹ 10,131.00 1.31 ₹ 10,131.00
1W 0.66 ₹ 10,066.00 0.67 ₹ 10,067.00
1M 5.19 ₹ 10,519.00 5.29 ₹ 10,529.00
3M 10.62 ₹ 11,062.00 10.91 ₹ 11,091.00
6M 16.77 ₹ 11,677.00 17.39 ₹ 11,739.00
1Y 36.06 ₹ 13,606.00 37.55 ₹ 13,755.00
3Y 21.04 ₹ 17,732.00 22.53 ₹ 18,397.00
5Y 24.57 ₹ 29,997.00 26.10 ₹ 31,888.00
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 40.10 ₹ 14,463.00 41.62 ₹ 14,552.34
3Y ₹ 36000 26.11 ₹ 52,508.38 27.55 ₹ 53,541.47
5Y ₹ 60000 25.32 ₹ 112,213.62 26.82 ₹ 116,317.80
7Y ₹ 84000 ₹ ₹
10Y ₹ 120000 ₹ ₹
15Y ₹ 180000 ₹ ₹


Date NAV Regular Growth NAV Direct Growth
26-07-2024 29.9797 31.8757
25-07-2024 29.592 31.4625
24-07-2024 29.6332 31.5053
23-07-2024 29.7499 31.6285
22-07-2024 29.7831 31.6628
19-07-2024 29.7247 31.5979
18-07-2024 29.9532 31.8399
16-07-2024 29.8698 31.7493
15-07-2024 29.8383 31.7149
12-07-2024 29.7781 31.6481
11-07-2024 29.5738 31.43
10-07-2024 29.5108 31.3621
09-07-2024 29.6427 31.5014
08-07-2024 29.471 31.3179
05-07-2024 29.4034 31.2433
04-07-2024 29.4825 31.3264
03-07-2024 29.2163 31.0427
02-07-2024 28.9225 30.7295
01-07-2024 28.8747 30.6778
28-06-2024 28.6611 30.4481
27-06-2024 28.6114 30.3945
26-06-2024 28.5 30.2752

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

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