Fundalysisby DARKHORSESTOCKS

Scheme

Parag Parikh ELSS Tax Saver Fund

Holds 46 companies worth ₹5,214 Cr in Sept 2026.

  • Fund house

    PPFASThe fund house that runs this scheme.

  • AUM

    ₹5,401 CrParag Parikh ELSS Tax Saver Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 3.8% on Aug 2026, ₹5,613 Cr.

  • Largest holding

    HDFC BankHDFC Bank is 7.6% of this scheme's NAV.

  • Fund manager

    Raj MehtaRuns it since 24 Jul 2019, as the fund house dates it. With Rajeev Thakkar (fund manager), Raunak Onkar (fund manager), Rukun Tarachandani (fund manager), Aishwarya Dhar (fund manager), Tejas Soman (fund manager).

Overview(8 Sept 2026)

Fund managers6

  1. Raj MehtaFund manager, equity · Jul 2019 · 13y · CA CFA M.Com B.Com
  2. Rajeev ThakkarFund manager · Jul 2019 · 25y · CA CFA CMA B.Com
  3. Raunak OnkarFund manager · Jul 2019 · 14y · MMS
  4. Rukun TarachandaniFund manager · May 2022 · 11y · CFA B.Tech
  5. Aishwarya DharFund manager, debt · Sept 2025 · 14y · MBA
  6. Tejas SomanFund manager · Sept 2025 · 13y

    Key facts

    Benchmark
    NIFTY500(TRI)
    Risk
    Very High
    Expense
    Regular 1.83% · Direct 0.65%
    Exit load
    Nil
    Started
    24 Jul 2019
    Minimum
    ₹500

    Source.Its Scheme Summary Document as of 8 Sept 2026 at AMFI.

    What changed(26 changes)

    Aug 2026

    1 change
    1. Expense ratio
      3 AugRegular 1.81% → 1.83%Direct 0.63% → 0.65%

    Jun 2026

    2 changes

    May 2026

    9 changes

    Source.Its filings at NSE, since Jan 2025.

    Fund managers over time(Jul 2019 – now)

    1. Raj Mehta
    2. Rajeev Thakkar
    3. Raunak Onkar
    4. Rukun Tarachandani
    5. Aishwarya Dhar
    6. Tejas Soman
    7. Mansi Kariya
    MainCoSlice2020202120222023202420252026
    Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

    Costs(Jan 2025 – Sept 2026)

    Every change to the expense ratio, newest first.
    24 changesRegularDirectΔ pt
    3 Aug 20261.83%0.65%0.02
    21 Jun 20261.81%0.63%0.01
    15 Jun 20261.76%0.64%0.01
    28 May 20261.76%0.63%0.01
    26 May 20261.76%0.64%0.03
    25 May 20261.79%0.67%0.04
    17 May 20261.76%0.63%0.07
    13 May 20261.82%0.70%0.06
    11 May 20261.76%0.64%0.09
    7 May 20261.85%0.73%0
    6 May 20261.86%0.73%0.07
    3 May 20261.79%0.66%0.09
    28 Apr 20261.87%0.75%0.01
    27 Apr 20261.89%0.76%0.13
    26 Apr 20261.76%0.63%0.27
    23 Apr 20262.02%0.90%0.16
    22 Apr 20262.19%1.06%0.37
    20 Apr 20261.81%0.69%0.02
    8 Apr 20261.80%0.67%0.03
    5 Apr 20261.76%0.64%0.01
    18 Mar 20261.73%0.63%0.01
    24 May 20251.72%0.62%0.01
    2 Apr 20251.71%0.61%0.02
    14 Jan 20251.73%0.63%–
    Direct plan, 3 Aug 2026
    0.65%
    Regular plan 1.83% · Exit load nil
    Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

    Objective and risk(8 Sept 2026)

    Objective

    The investment objective of the Scheme is to generate long-term capital appreciation through a diversified portfolio of equity and equity related instruments. (80% of total assets in accordance with Equity Linked Saving Scheme, 2005 notified by Ministry of Finance) However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

    Risk, type and benchmark

    Riskometer
    Very High
    At launch
    Very High
    Type
    An open ended scheme with attributes in accordance with Equity Linked Saving Scheme, 2005 notified by Ministry of Finance
    Benchmark
    NIFTY500(TRI)

    Asset allocation it may hold% of NAV

    1. Equity and Equity related instruments
      Allowed80–100%Holds96.6%
    2. Money Market Instruments / InvITs / Gold ETFs / Silver ETFs / Other Liquid Instruments / Units of Domestic Mutual Funds
      Allowed0–20%

    Holds in Sept 2026.96.6% equity · 3.4% debt and cash

    How to invest(8 Sept 2026)

    Buying

    To start
    ₹500, then in multiples of ₹500
    To add
    ₹500, then in multiples of ₹500
    Systematic
    SIP - Monthly/Quarterly, SWP - Monthly, STP -Daily/Weekly/Fortnightly/Monthly/Quarterly
    Dates
    SIP - Any date within Month or Quarter (up to a maximum of 6 dates per application); SWP - 1st, 5th,10th, 15th, 20th and 25th under Monthly frequency; STP - Any date/day (Please refer Scheme Information Document of the scheme for more details)
    Minimum
    SIP - Monthly: 1000/Quarterly : 3000, SWP - Monthly : 1000, STP -Daily/Weekly/Monthly: 500 Fortnightly:1000 /Quarterly : 3000, then sIP - 500, SWP - 1, STP - 500
    Instalments
    SIP - Monthly - 6; Quarterly - 4, SWP - Monthly - 12, STP - Daily/ Weekly/Monthly-6; Fortnightly / Quarterly - 4

    Selling and switching

    To redeem
    Rs. 500 or account balance whichever is lower in respect of each option. or 1 Unit units
    Switch minimum
    Minimum Switch in - Rs. 500 and in multiples of Re. 500 thereafter Minimum Switch Out -Rs. 500 or account balance whichever is lower in respect of each option. or Minimum Switch in: Nil (No such requirement for switch in unit as per Scheme Information Document (SID) of the scheme) Minimum Switch out :1 Unit units
    Switch multiples
    ₹500

    Scheme details(8 Sept 2026)

    What it is

    Category
    ELSS
    Offer
    4 Jul 2019 to 18 Jul 2019
    Started
    24 Jul 2019
    Reopened
    26 Jul 2019
    Plans
    Regular Plan - Growth Option · Direct Plan - Growth Option
    Face value
    ₹10
    Listed
    No

    How it is run

    Swing pricing
    No
    Side-pocketing
    No
    Custodian
    Deutsche Bank AG
    Auditor
    M. M Nissim & Co. LLP (Statutory Auditor)
    Registrar
    Computer Age Management Services Limited (CAMS)
    SEBI code
    PPFA/O/E /ELS/19/02/0003