Parag Parikh ELSS Tax Saver Fund is an open-ended equity-linked savings scheme (ELSS) designed for long-term wealth creation along with tax-saving benefits under Section 80C. With a mandatory 3-year lock-in period and a diversified portfolio structure, this fund aims to deliver long-term capital appreciation by investing predominantly in equity and equity-related instruments.
An ELSS (Equity Linked Savings Scheme) is a mutual fund category that:
The uploaded document confirms that this fund qualifies as an ELSS, allowing eligible investors to claim tax deductions under Section 80C up to ₹1,50,000, subject to applicable conditions
| Parameter | Details |
|---|---|
| Scheme Name | Parag Parikh ELSS Tax Saver Fund |
| Category | ELSS (Equity Linked Savings Scheme) |
| Scheme Type | Open-ended equity-linked savings scheme with 3-year lock-in and tax benefits |
| Benchmark | Nifty 500 TRI (AMFI Tier-1 Benchmark) |
| Investment Objective | Generate long-term capital appreciation through diversified equity portfolio (min 80% equity) |
| Minimum Equity Allocation | 80% (as per ELSS guidelines) |
| Lock-in Period | 3 years from allotment date |
| Fund Managers | Rajeev Thakkar (Equity), Raunak Onkar (Co-Fund Manager), Raj Mehta / Mansi Kariya (Debt) |
The primary objective of the Parag Parikh ELSS Tax Saver Fund is:
“To generate long-term capital appreciation through a diversified portfolio of equity and equity-related instruments.”
The scheme invests a minimum of 80% of total assets in equity and equity-related securities. No guarantee of returns is provided.
1. We view equity investing as purchasing stakes in
businesses, rather than merely investing in pieces of paper
3. However much we like a Company, we avoid overpaying.
5. We stay away from periodic fads and fancies in the
stockmarket, whether they be businesses, sectors or themes
2. We like to partner with Managements who take care of the
interests of minority-shareholders.
4. We prefer purchasing cash generating, low debt businesses.
6. We do not shy away from parking money in cash / cash
equivalents in case we believe that valuations are stretched.
Primary Benchmark: Nifty 500 TRI (Total Return Index)
Benchmark Justification:
Nifty 500 TRI represents a broad representation of India’s equity market and aligns with the fund’s objective of diversified equity exposure.
The scheme may invest 0–20% in:
Permitted only if allowed by ELSS rules, primarily for hedging and portfolio balancing.
For updated detailed Performance data and key informations as on May 1, 2026
Visit Parag Parikh ELSS Tax Saver Fund Performance Page
It is an equity
fund investing
80% of its corpus in Indian Equities.
Tax benefit: Indian investors who opt for the old regime
of income tax, Investments in ELSS qualify for tax
deduction under
section 80C of the income
tax act up to 1.50 Lakh*
Lock in period: It
has the lowest
lock in than the
other tax-saving schemes.
Promotes the
‘Saving’ Habit: The
lock-in helps
embed a good
habit to stay invested
for a longer period.
The fund has exposure across:
This Fund is Ideal for:
Expense Ratio: Check latest factsheet.
Exit Load: Applicable after 3-year lock-in if specified; otherwise usually NIL
Load changes follow SEBI norms; updates shared publicly.
Taxation:
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| Investor Pain Point | How Parag Parikh ELSS Tax Saver Fund Addresses It |
|---|---|
| Long lock-in worries | 3-year lock-in is lowest among tax-saving instruments; professionally managed portfolio |
| Market volatility | Fund uses long-term approach + bottom-up research to reduce volatility impact |
| Lack of clarity on strategy | Clearly defined investment strategy with focus on sustainable businesses |
| Fear of frequent portfolio churn | Low portfolio turnover: 15.31% indicates stable investing approach |
| Need for transparency | Regular NAV disclosure and SEBI-compliant reporting processes |
A1: A mandatory 3-year lock-in from the date of unit allotment.
A2: Up to ₹1,50,000 under Section 80C (only under old regime).
A3: No. Only Growth Option is available.
A4: Redemption is allowed only after the 3-year lock-in.
A5: No. Mutual fund performance is market-linked and not guaranteed.
Parag Parikh ELSS Tax Saver Fund provides an excellent combination of tax-saving benefits and long-term equity growth potential. With a disciplined investment approach, experienced fund management, and a diversified strategy, it is positioned as a solid choice for investors seeking wealth creation with tax efficiency.
Disclaimer:- Mutual Fund investments are subject to market risks, please read scheme related documents carefully before investing.
📅 Last Updated on: January 11, 2026
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