Parag Parikh Tax Saver Fund Overview
Category ELSS (Tax Saving) Fund
BMSMONEY Rank 7
BMSMONEY Rating
Growth Option As On: 23-04-2024
NAV ₹26.77 (R) +0.34% ₹28.39 (D) +0.34%
Returns Gro. Opt. 1Y 3Y 5Y 7Y 10Y
LumpSum Reg. P 32.21% 21.9% -% -% -%
LumpSum Dir. P 33.66% 23.42% -% -% -%
SIP Reg. P 30.42% 19.41% -% -% -%
SIP Dir. P 31.85% 20.84% -% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
1.29 0.72 1.24 8.99% 0.2
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
10.06% -11.4% -7.38% 0.65 7.11%

NAV Date: 23-04-2024

Scheme Name NAV Rupee Change Percent Change
Parag Parikh Tax Saver Fund- Regular Growth 26.77
0.0900
0.3400%
Parag Parikh Tax Saver Fund- Direct Growth 28.39
0.1000
0.3400%

Review Date: March 28, 2024

The ELSS (Tax Saving) Fund category has 35 funds. Performance of the Parag Parikh Tax Saver Fund has been analyzed on 18 performance parameters. Out of six return parameters, the fund has one return parameter in first quartile; whereas five risk parameters (out of five) in first quartile. Similarly seven risk-adjusted performance parameters are in first quartile, the performance on different parameters provides has achieved seventh (out of 35 funds), which is very good rank in the ELSS (Tax Saving) Fund category.
Our ranking methodology employs a composite performance score, taking into account the fund's return, risk, and risk-adjusted performance from the past three years. This composite performance score is then crucial in ranking the funds within the respective category.

The Parag Parikh Tax Saver Fund has average return performance, as more than 50% 1 year and above return parameters are above average in ELSS (Tax Saving) Fund category. The details are provided below.'
    '
  1. 1 Month Return%: One month return shows funds performance in very short period of time, the Parag Parikh Tax Saver Fund has given return of -1.71% in last one month which is very poor as it is in the fourth quartile in ELSS (Tax Saving) Fund.
  2. 3 Month Return%: Three month return shows funds performance in short period of time, the Parag Parikh Tax Saver Fund has given return of 4.21% in last three month which is poor as it is in the below average in ELSS (Tax Saving) Fund.
  3. 1 Year Return%: The Parag Parikh Tax Saver Fund has given return of 35.19% in last one year which is very poor as it is in the fourth quartile in ELSS (Tax Saving) Fund. The one year return rank of Parag Parikh Tax Saver Fund is 28 in 35 funds. The investment of ₹ 10,000 in this fund would have become ₹ 13519.0 in one year.
  4. 3 Year Return%: The Parag Parikh Tax Saver Fund has given return of 21.68% in last three year which is very good as it is in the top quartile with return rank of 7 in 33 funds. in ELSS (Tax Saving) Fund.
  5. 1 Year SIP Return%: The Parag Parikh Tax Saver Fund has given return of 12.84% in last one year which is very poor as it is in the fourth quartile with rank of 27 in 35 funds. in ELSS (Tax Saving) Fund.
  6. 3 Year SIP Return%: The Parag Parikh Tax Saver Fund has given return of 19.52% in last three year which is good as it is above average with return rank of 13 in 33 funds. in ELSS (Tax Saving) Fund.
    7. '
'

The Parag Parikh Tax Saver Fund has excellent risk performance, as all risk parameters are in the top quartile in ELSS (Tax Saving) Fund category. The details are provided below. '
    '
  1. Standard Deviation: It is a measure of the dispersion of a set of data from its mean. It is calculated as the square root of variance by determining the variation between each data point relative to the mean. The higher the standard deviation, the greater the risk. The Parag Parikh Tax Saver Fund has standard deviation of 10.06 which is very good as it is in the top quartile with risk rank of 1 in 33 funds. in ELSS (Tax Saving) Fund.
  2. Semi Deviation: It is a measure of the dispersion of a set of data from its mean. It is calculated as the square root of variance by determining the variation between each data point relative to the mean. The higher the semi-deviation, the greater the risk. It uses only negative returns for calculation. The Parag Parikh Tax Saver Fund has semi deviation of 7.11 which is very good as it is in the top quartile with risk rank of 1 in 33 funds. in ELSS (Tax Saving) Fund.
  3. Max Drawdown %: It is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained. The Parag Parikh Tax Saver Fund has max drawdown of -7.38% which is very good as it is in the top quartile with risk rank of 2 in 33 funds. in ELSS (Tax Saving) Fund.
  4. 1Y VaR at 95%: It is the maximum expected loss of an investment over a given time period with a given probability of confidence. The Parag Parikh Tax Saver Fund has 1Y VaR at 95% of -11.4% which is very good as it is in the top quartile with risk rank of 2 in 33 funds. in ELSS (Tax Saving) Fund.
  5. Average Drawdown %: It is the average of the drawdowns over a period of time. The Parag Parikh Tax Saver Fund has average drawdown of -2.58% which is very good as it is in the top quartile with risk rank of 1 in 33 funds. in ELSS (Tax Saving) Fund.
    6. '
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The Parag Parikh Tax Saver Fund has poor risk adjusted performance, as non of above risk adjusted paramerters are above average in ELSS (Tax Saving) Fund category. The details are provided below. '
    '
  1. Sterling Ratio: It is a measure of risk-adjusted return. The Parag Parikh Tax Saver Fund has Sterling Ratio of 1.24 which is very good as it is in the top quartile with risk rank of 4 in 33 funds. in ELSS (Tax Saving) Fund.
  2. Sortino Ratio: It is a measure of risk-adjusted return. The Parag Parikh Tax Saver Fund has Sortino Ratio of 0.72 which is very good as it is in the top quartile with risk rank of 2 in 33 funds. in ELSS (Tax Saving) Fund.
  3. Jensen Alpha %: It is a measure of risk-adjusted return. The Parag Parikh Tax Saver Fund has Jensen Alpha of 8.99% which is very good as it is in the top quartile with risk rank of 2 in 33 funds. in ELSS (Tax Saving) Fund.
  4. Treynor Ratio: It is a measure of risk-adjusted return. The Parag Parikh Tax Saver Fund has Treynor Ratio of 0.2 which is very good as it is in the top quartile with risk rank of 2 in 33 funds. in ELSS (Tax Saving) Fund.
  5. Modigliani Square Measure %: It is a measure of risk-adjusted return. The Parag Parikh Tax Saver Fund has Modigliani Square Measure of 28.05% which is very good as it is in the top quartile with risk rank of 2 in 33 funds. in ELSS (Tax Saving) Fund.
  6. Alpha %: It is a measure of risk-adjusted return. The Parag Parikh Tax Saver Fund has Alpha of 2.72% which is very good as it is in the top quartile with risk rank of 8 in 33 funds. in ELSS (Tax Saving) Fund.
    7. '
'


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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Better Than Cat. Avg In 1st Quartile In 4th Quartile
1M Return % 2.12
3.51
1.31 | 7.58 31 | 35
No
No
Yes
3M Return % 4.84
6.91
1.67 | 13.93 29 | 35
No
No
Yes
6M Return % 16.53
22.63
13.08 | 39.07 30 | 35
No
No
Yes
1Y Return % 32.21
40.10
24.62 | 60.56 31 | 35
No
No
Yes
3Y Return % 21.90
20.05
11.47 | 30.41 10 | 33
Yes
No
No
1Y SIP Return % 30.42
37.98
21.56 | 65.14 28 | 35
No
No
Yes
3Y SIP Return % 19.41
19.75
13.30 | 31.17 16 | 33
No
No
No
Standard Deviation 10.06
12.71
10.06 | 16.60 1 | 33
Yes
Yes
No
Semi Deviation 7.11
8.87
7.11 | 11.74 1 | 33
Yes
Yes
No
Max Drawdown % -7.38
-12.33
-22.81 | -6.28 2 | 33
Yes
Yes
No
VaR 1 Y % -11.40
-14.08
-20.17 | -11.38 2 | 33
Yes
Yes
No
Average Drawdown % -2.58
-4.86
-9.27 | -2.58 1 | 33
Yes
Yes
No
Sharpe Ratio 1.29
0.80
0.17 | 1.40 3 | 33
Yes
Yes
No
Sterling Ratio 1.24
0.85
0.35 | 1.55 4 | 33
Yes
Yes
No
Sortino Ratio 0.72
0.43
0.10 | 0.81 2 | 33
Yes
Yes
No
Jensen Alpha % 8.99
2.35
-7.38 | 15.75 2 | 33
Yes
Yes
No
Treynor Ratio 0.20
0.12
0.02 | 0.24 2 | 33
Yes
Yes
No
Modigliani Square Measure % 28.05
19.23
9.76 | 28.13 2 | 33
Yes
Yes
No
Alpha % 2.72
0.39
-8.49 | 13.92 8 | 33
Yes
Yes
No
Return data last Updated On : April 23, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : March 28, 2024
KPIs: Key Performance Indicators

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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Better Than Cat. Avg In 1st Quartile In 4th Quartile
1M Return % 2.20 3.60 1.37 | 7.68 31 | 35
No
No
Yes
3M Return % 5.12 7.19 2.14 | 14.27 30 | 35
No
No
Yes
6M Return % 17.17 23.29 14.21 | 39.76 30 | 35
No
No
Yes
1Y Return % 33.66 41.61 26.46 | 62.31 31 | 35
No
No
Yes
3Y Return % 23.42 21.41 12.37 | 32.45 9 | 33
Yes
Yes
No
1Y SIP Return % 31.85 39.48 23.37 | 66.84 29 | 35
No
No
Yes
3Y SIP Return % 20.84 21.06 14.16 | 32.02 13 | 33
No
No
No
Standard Deviation 10.06 12.71 10.06 | 16.60 1 | 33
Yes
Yes
No
Semi Deviation 7.11 8.87 7.11 | 11.74 1 | 33
Yes
Yes
No
Max Drawdown % -7.38 -12.33 -22.81 | -6.28 2 | 33
Yes
Yes
No
VaR 1 Y % -11.40 -14.08 -20.17 | -11.38 2 | 33
Yes
Yes
No
Average Drawdown % -2.58 -4.86 -9.27 | -2.58 1 | 33
Yes
Yes
No
Sharpe Ratio 1.29 0.80 0.17 | 1.40 3 | 33
Yes
Yes
No
Sterling Ratio 1.24 0.85 0.35 | 1.55 4 | 33
Yes
Yes
No
Sortino Ratio 0.72 0.43 0.10 | 0.81 2 | 33
Yes
Yes
No
Jensen Alpha % 8.99 2.35 -7.38 | 15.75 2 | 33
Yes
Yes
No
Treynor Ratio 0.20 0.12 0.02 | 0.24 2 | 33
Yes
Yes
No
Modigliani Square Measure % 28.05 19.23 9.76 | 28.13 2 | 33
Yes
Yes
No
Alpha % 2.72 0.39 -8.49 | 13.92 8 | 33
Yes
Yes
No
Return data last Updated On : April 23, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : March 28, 2024
KPIs: Key Performance Indicators

Investment Period Regular Direct
Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
1D 0.34 ₹ 10034.0 0.34 ₹ 10034.0
1W 1.78 ₹ 10178.0 1.79 ₹ 10179.0
1M 2.12 ₹ 10212.0 2.2 ₹ 10220.0
3M 4.84 ₹ 10484.0 5.12 ₹ 10512.0
6M 16.53 ₹ 11653.0 17.17 ₹ 11717.0
1Y 32.21 ₹ 13221.0 33.66 ₹ 13366.0
3Y 21.9 ₹ 18114.0 23.42 ₹ 18802.0
5Y - ₹ - - ₹ -
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 30.4165 ₹ 13893.804 31.8547 ₹ 13979.916
3Y ₹ 36000 19.4145 ₹ 47887.02 20.8436 ₹ 48852.936
5Y ₹ 60000 - ₹ - - ₹ -
7Y ₹ 84000 - ₹ - - ₹ -
10Y ₹ 120000 - ₹ - - ₹ -
15Y ₹ 180000 - ₹ - - ₹ -


Date NAV Regular Growth NAV Direct Growth
23-04-2024 26.7741 28.3875
22-04-2024 26.6838 28.2909
19-04-2024 26.4111 27.9993
18-04-2024 26.306 27.887
16-04-2024 26.4443 28.0319
15-04-2024 26.5195 28.1109
12-04-2024 26.8064 28.4124
09-04-2024 26.8805 28.4885
08-04-2024 26.8797 28.4867
05-04-2024 26.765 28.3626
04-04-2024 26.6718 28.263
03-04-2024 26.602 28.1882
02-04-2024 26.5609 28.1439
01-04-2024 26.6154 28.2007
28-03-2024 26.3474 27.9134
27-03-2024 26.1518 27.7054
26-03-2024 26.2189 27.7756
22-03-2024 26.3068 27.8654
21-03-2024 26.2273 27.7804
20-03-2024 25.9823 27.52
19-03-2024 25.9413 27.4758
18-03-2024 26.1912 27.7396
15-03-2024 26.223 27.7708
14-03-2024 26.3724 27.9282
13-03-2024 26.1676 27.7105
12-03-2024 26.6811 28.2535
11-03-2024 26.6772 28.2485
07-03-2024 26.8912 28.4716
06-03-2024 26.8973 28.4772
05-03-2024 26.8734 28.4511
04-03-2024 26.957 28.5387
01-03-2024 26.8548 28.428
29-02-2024 26.6437 28.2037
28-02-2024 26.4826 28.0323
27-02-2024 26.8064 28.3742
26-02-2024 26.7433 28.3066
23-02-2024 26.8041 28.3684
22-02-2024 26.8047 28.3682
21-02-2024 26.5824 28.1321
20-02-2024 26.8669 28.4323
19-02-2024 26.8136 28.375
16-02-2024 26.8336 28.3936
15-02-2024 26.6891 28.2399
14-02-2024 26.5426 28.0841
13-02-2024 26.3706 27.9012
12-02-2024 26.1419 27.6584
09-02-2024 26.3655 27.8925
08-02-2024 26.3904 27.918
07-02-2024 26.4592 27.9899
06-02-2024 26.4925 28.0244
05-02-2024 26.2399 27.7563
02-02-2024 26.2147 27.7272
01-02-2024 25.9897 27.4883
31-01-2024 25.8625 27.353
30-01-2024 25.5698 27.0427
29-01-2024 25.675 27.153
25-01-2024 25.4008 26.8598
24-01-2024 25.5392 27.0054
23-01-2024 25.2436 26.692
19-01-2024 25.6557 27.1246
18-01-2024 25.3213 26.7702
17-01-2024 25.4301 26.8844
16-01-2024 25.7896 27.2637
15-01-2024 25.9204 27.4011
12-01-2024 25.6124 27.0731
11-01-2024 25.3993 26.8471
10-01-2024 25.3413 26.7849
09-01-2024 25.3297 26.7719
08-01-2024 25.2679 26.7057
05-01-2024 25.4489 26.8947
04-01-2024 25.4081 26.8507
03-01-2024 25.3092 26.7454
02-01-2024 25.4161 26.8576
01-01-2024 25.3667 26.8046
29-12-2023 25.2836 26.7144
28-12-2023 25.3106 26.7421
27-12-2023 25.2135 26.6387
26-12-2023 25.1392 26.5594
22-12-2023 25.0772 26.4908
21-12-2023 24.8543 26.2545
20-12-2023 24.7968 26.1929
19-12-2023 25.1912 26.6088
18-12-2023 25.1716 26.5873
15-12-2023 25.2422 26.6595
14-12-2023 25.0925 26.5006
13-12-2023 24.8697 26.2645
12-12-2023 24.7886 26.178
11-12-2023 24.8507 26.2428
08-12-2023 24.8671 26.2578
07-12-2023 24.8765 26.2669
06-12-2023 24.7263 26.1075
05-12-2023 24.6177 25.9921
04-12-2023 24.5337 25.9026
01-12-2023 24.1765 25.5232
30-11-2023 24.1118 25.4541
29-11-2023 24.0524 25.3907
28-11-2023 23.838 25.1636
24-11-2023 23.7899 25.1098
23-11-2023 23.797 25.1165
22-11-2023 23.7693 25.0866
21-11-2023 23.751 25.0665
20-11-2023 23.6836 24.9946
17-11-2023 23.6896 24.9987
16-11-2023 23.6935 25.002
15-11-2023 23.6353 24.9399
13-11-2023 23.4407 24.7331
10-11-2023 23.2477 24.5272
09-11-2023 23.2133 24.4902
08-11-2023 23.2239 24.5007
07-11-2023 23.165 24.4378
06-11-2023 23.1312 24.4014
03-11-2023 22.9471 24.205
02-11-2023 22.8639 24.1166
01-11-2023 22.7136 23.9574
31-10-2023 22.8561 24.1069
30-10-2023 22.8674 24.1181
27-10-2023 22.8464 24.0938
26-10-2023 22.617 23.8511
25-10-2023 22.8432 24.089
23-10-2023 22.9752 24.2267
20-10-2023 23.251 24.5153
19-10-2023 23.2421 24.5053
18-10-2023 23.3358 24.6033
17-10-2023 23.4522 24.7253
16-10-2023 23.3523 24.6193
13-10-2023 23.2732 24.5336
12-10-2023 23.2638 24.523
11-10-2023 23.247 24.5045
10-10-2023 23.1019 24.3509
09-10-2023 22.8821 24.1185
06-10-2023 22.9956 24.236
05-10-2023 22.8714 24.1043
04-10-2023 22.8039 24.0325
03-10-2023 22.9812 24.2186
29-09-2023 23.1208 24.3628
27-09-2023 23.1645 24.4073
26-09-2023 23.1283 24.3685
25-09-2023 23.1633 24.4045
22-09-2023 23.0961 24.3316
21-09-2023 23.1551 24.3931
20-09-2023 23.3185 24.5645
18-09-2023 23.4252 24.6754
15-09-2023 23.4189 24.6665
14-09-2023 23.2921 24.5323
13-09-2023 23.2216 24.4573
12-09-2023 23.165 24.3969
11-09-2023 23.2878 24.5255
08-09-2023 23.1006 24.3262
07-09-2023 23.0282 24.2492
06-09-2023 22.8346 24.0447
05-09-2023 22.8755 24.087
04-09-2023 22.7957 24.0023
01-09-2023 22.5523 23.7438
31-08-2023 22.349 23.529
30-08-2023 22.3104 23.4878
29-08-2023 22.2623 23.4365
28-08-2023 22.2145 23.3854
25-08-2023 22.0522 23.2125
24-08-2023 22.1197 23.2829
23-08-2023 22.1242 23.2869
22-08-2023 22.0494 23.2075
21-08-2023 21.9942 23.1487
18-08-2023 21.8523 22.9973
17-08-2023 21.929 23.0773
16-08-2023 22.0761 23.2314
14-08-2023 22.0091 23.1595
11-08-2023 21.9781 23.1248
10-08-2023 22.0266 23.1751
09-08-2023 22.1247 23.2777
08-08-2023 22.0782 23.2281
07-08-2023 22.094 23.244
04-08-2023 22.0447 23.19
03-08-2023 21.9102 23.0479
02-08-2023 21.9878 23.1289
01-08-2023 22.1784 23.3287
31-07-2023 22.1833 23.3331
28-07-2023 22.0346 23.1746
27-07-2023 22.068 23.209
26-07-2023 22.0818 23.2229
25-07-2023 21.9993 23.1354
24-07-2023 21.9686 23.1024
21-07-2023 21.9876 23.1203
20-07-2023 22.1745 23.3162
19-07-2023 22.0479 23.1824
18-07-2023 22.0091 23.1409
17-07-2023 22.0308 23.163
14-07-2023 21.9467 23.0725
13-07-2023 21.7512 22.8663
12-07-2023 21.7537 22.8683
11-07-2023 21.7139 22.8257
10-07-2023 21.6806 22.7901
07-07-2023 21.7989 22.9123
06-07-2023 21.943 23.0631
05-07-2023 21.8903 23.0071
04-07-2023 21.7894 22.9003
03-07-2023 21.7039 22.8098
30-06-2023 21.6585 22.7601
28-06-2023 21.4182 22.5062
27-06-2023 21.3157 22.3978
26-06-2023 21.2357 22.3131
23-06-2023 21.1534 22.2246
22-06-2023 21.263 22.3392
21-06-2023 21.3392 22.4185
20-06-2023 21.2733 22.3486
19-06-2023 21.171 22.2404
16-06-2023 21.199 22.2679
15-06-2023 21.1654 22.232
14-06-2023 21.2012 22.2688
13-06-2023 21.1688 22.2342
12-06-2023 21.0814 22.1417
09-06-2023 21.0384 22.0946
08-06-2023 21.1204 22.1801
07-06-2023 21.2363 22.3012
06-06-2023 21.146 22.2056
05-06-2023 21.1309 22.1891
02-06-2023 21.1002 22.1549
01-06-2023 21.0734 22.126
31-05-2023 21.1769 22.2341
30-05-2023 21.1763 22.2328
29-05-2023 21.1581 22.213
26-05-2023 21.0856 22.1349
25-05-2023 20.9136 21.9538
24-05-2023 20.9074 21.9465
23-05-2023 20.8256 21.86
22-05-2023 20.7575 21.7879
19-05-2023 20.5936 21.6139
18-05-2023 20.5547 21.5724
17-05-2023 20.6173 21.6375
16-05-2023 20.7366 21.7622
15-05-2023 20.791 21.8186
12-05-2023 20.8006 21.8266
11-05-2023 20.8281 21.8549
10-05-2023 20.7779 21.8015
09-05-2023 20.7385 21.7596
08-05-2023 20.6851 21.7029
05-05-2023 20.557 21.5665
04-05-2023 20.6533 21.667
03-05-2023 20.6035 21.6141
02-05-2023 20.6643 21.6772
28-04-2023 20.5454 21.5499
27-04-2023 20.4142 21.4117
26-04-2023 20.3256 21.3181
25-04-2023 20.2508 21.239
24-04-2023 20.2605 21.2486

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.