Parag Parikh ELSS Tax Saver Fund
The Scheme seeks 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)
Growthvine rating: 5/5 — ranked #3 of 39 in category.
Fund basics
| Category | Equity: ELSS |
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| NAV | ₹30.08 (as of 2026-11-11) |
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| AUM | ₹5,401 Cr |
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| Expense ratio | 1.54% |
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| Riskometer | Very High |
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| Fund manager | Rajeev Thakkar |
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| Exit load | 0 |
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Performance & risk
| 5-year annualised return | 8.92% |
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| Sharpe ratio | 0.14 |
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| Standard deviation | 11.65% |
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| Max drawdown | −29.68% |
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| Alpha | -1.51 |
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| Beta | 0.71 |
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Over 5 years, captured 73.2% of Nifty 500's upside and 59.6% of its downside.
Market cap allocation
| Large cap | 75.8% |
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| Mid cap | 4.0% |
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| Small cap | 20.2% |
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Concentration
| Top 5 holdings | 33.2% |
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| Top 10 holdings | 55.7% |
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| Total holdings | 41 |
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| Index overlap | 27.4% |
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| Active share | 72.6% |
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Top holdings
- HDFC Bank Ltd. — 7.6%
- Bajaj Holdings & Investment Limited — 7.1%
- POWER GRID CORPORATION OF INDIA LIMITED — 6.6%
- Coal India Limited — 6.5%
- Maharashtra Scooters Ltd. — 5.5%
- ITC Ltd — 5.0%
- ICICI Bank Ltd. — 4.9%
- Kotak Mahindra Bank Ltd. — 4.7%
- HCL Technologies Ltd — 4.4%
- AXIS Bank Ltd. — 3.6%
Top sectors
- Banking & Financial — 21.8%
- Finance & Investments — 12.6%
- Software & Services — 10.6%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −5.9% | Q4 (Bottom) | #39 of 39 |
| 2025 | 5.0% | Q2 | #16 of 38 |
| 2024 | 20.4% | Q2 | #17 of 38 |
| 2023 | 27.4% | Q2 | #18 of 35 |
| 2022 | 5.1% | Q2 | #10 of 30 |