--- title: ๐Ÿ’ฐ Parag Parikh ELSS Tax Saver Fund canonical_url: https://sanchaykaro.com/parag-parikh-elss-tax-saver-fund/ last_updated: 2026-03-24T12:13:41+00:00 plugin_version: 1.2.1 --- # ๐Ÿ’ฐ Parag Parikh ELSS Tax Saver Fund When it comes to saving tax and creating long-term wealth, ELSS (Equity Linked Savings Schemes) remain one of the smartest investment options available for every investor. Among all, the **Parag Parikh ELSS Tax Saver Fund** stands out as one of the best-performing ELSS funds to invest in **2026**. --- ๐Ÿ” What is an ELSS Fund? ----------------------- An **ELSS (Equity Linked Savings Scheme)** is a type of mutual fund that allows you to save up to **โ‚น1.5 lakh per year** under Section 80C of the Income Tax Act while investing in equity markets for potential long-term growth. **Key features:** - Lock-in period of only **3 years** โ€“ the shortest among all tax-saving options like PPF (15 years) or NSC (5 years) - At least **80% invested in equities** - Option to invest via **[SIP](https://apirrabbit.com/api/v1/master/LandingPage?arn=ARN-301757 "SIP") (as low as โ‚น500)** or lump sum [](https://sanchaykaro.com/parag-parikh-elss-tax-saver-fund/)--- ๐ŸŒŸ Why Choose Parag Parikh ELSS Tax Saver Fund? ---------------------------------------------- ### ๐Ÿ“Š Current Fund Snapshot (as of March 2026) ParameterValue**NAV**โ‚น28.88 โ€“ โ‚น29.31 (as of mid-March 2026) **AUM (Fund Size)**โ‚น5,721 โ€“ โ‚น5,768 Crore **Expense Ratio**1.72% โ€“ 1.73% (Regular Plan) **Launch Date**July 4, 2019**Fund Age**6 years 8 months**Benchmark**NIFTY 500 TRI **Risk Level**Very High --- ### ๐Ÿ“ˆ Performance Track Record **Trailing Returns (as of March 2026)** PeriodParag Parikh ELSSCategory Average1 Month-4.94% to -5.77%-5.84%3 Months-7.94%-7.59%6 Months-9.76% to -10.20%-7.89%1 Year-0.02% to 2.02%3.12% to 6.08%3 Years**14.43% to 14.71%**14.82% to 15.16%5 Years**14.70% to 15.97%**12.30% to 13.55%**Since Inception (2019):** **17.52% to 18.72% CAGR** --- ### ๐Ÿ›ก๏ธ Risk Metrics: Why This Fund Stands Out Risk RatioParag Parikh ELSSCategory AverageWhat It Means**Standard Deviation**9.5312.65Lower volatility โ€“ more stable returns **Beta**0.700.96-1.01Less sensitive to market ups & downs **Sharpe Ratio**0.88-0.910.82Better risk-adjusted returns **Sortino Ratio**1.47Category range 0.89-2.59Good downside protection > โœ… **Key Takeaway:** This fund is **less volatile than most ELSS peers** while delivering competitive returns. The **low beta of 0.70** means when markets fall, this fund falls less . > > --- > > ### ๐Ÿ“Š Where Does Your Money Go? > > **Asset Allocation (as of February 2026)** > > Asset TypePercentageLarge Cap Stocks70.39%Small Cap Stocks15.13%Mid Cap Stocks2.34%Debt & Cash~12%**Top 5 Holdings** > > StockSectorAllocationHDFC Bank Ltd.Banking7.4% โ€“ 7.7%Bajaj Holdings & Investment Ltd.Finance6.6%Coal India Ltd.Mining6.2% โ€“ 6.3%Power Grid Corporation of India Ltd.Power6.1% โ€“ 7.1%Maharashtra Scooters Ltd.Finance5.5%**Top Sectors** > > - Financial Services: ~27% > - Automobile: ~14% > - Technology: ~11% > - Consumer Staples: ~10% > --- > > ### ๐Ÿ‘ฅ Experienced Fund Management Team > > Managed by the **same trusted team** behind the famous Parag Parikh Flexi Cap Fund: > > Fund ManagerQualification & Experience**Rajeev Thakkar**Chartered Accountant, CFA, CFP โ€“ with PPFAS since 2013 **Raunak Onkar**MMS (Finance), Head of Research**Raj Mehta**Chartered Accountant, CFA**Rukun Tarachandani**B.Tech, PGPM (Finance), CFA, CQF**Tejas Soman**B.Com, PGPSM from NISM**Aishwarya Dhar**MBA (Finance) --- > > ## ๐Ÿ’ก Who Should Invest? > > โœ… **Salaried individuals** looking for tax-saving with growth potential > โœ… **First-time investors** wanting to start equity investment through SIP > โœ… **Long-term investors** with a 3+ year investment horizon > โœ… **Anyone seeking professional fund management** with proven track record > โœ… **Old tax regime taxpayers** who can claim Section 80C benefits > > --- > > ## ๐Ÿ“‹ Tax Benefits in 2026 โ€“ Important Update > > ### Section 80C Deduction > > - **Up to โ‚น1.5 lakh deduction** available under **Old Tax Regime only** > - **Maximum tax saved:** Up to **โ‚น46,800** (30% bracket + 4% cess) > - **New Tax Regime:** No 80C deduction available > ### Tax on Returns (LTCG) > > ConditionTax RateGains up to โ‚น1.25 lakh/year**Tax-free** Gains above โ‚น1.25 lakh/year**12.5%** ### Lock-in Period > > - **3 years** โ€“ shortest among all 80C options > - After lock-in, you can hold or redeem with **0% exit load** > --- > > ## ๐Ÿ“ˆ How Much Can Your Money Grow? > > ### Lumpsum Example > > Periodโ‚น10,000 Investment Grows ToReturns3 Yearsโ‚น15,375**53.75% absolute** (15.40% CAGR) 5 Yearsโ‚น21,252**112.52% absolute** (16.25% CAGR) Since Inceptionโ‚น30,840**208.40% absolute** (18.66% CAGR) ### SIP Example (โ‚น5,000/month) > > PeriodTotal InvestmentValue After PeriodXIRR Return3 Yearsโ‚น1,80,000โ‚น2,06,090+~14.5%5 Yearsโ‚น3,00,000โ‚น4,13,531+~15.97%--- > > ## ๐Ÿ’ฐ Smart Investment Strategy for 2026 > > ### 1๏ธโƒฃ Choose Your Tax Regime Wisely > > - **Old Tax Regime:** Claim 80C deduction โ€“ ELSS makes sense > - **New Tax Regime:** No tax benefit โ€“ consider flexi-cap funds without lock-in > ### 2๏ธโƒฃ Start with SIP > > - Minimum SIP: **โ‚น500 โ€“ โ‚น1,000** per month > - Disciplined investing reduces market timing risk > ### 3๏ธโƒฃ Stay Invested Beyond Lock-in > > - 3 years is just the minimum โ€“ longer holding periods (5-10 years) historically deliver better returns > --- > > ## ๐Ÿ“ฑ How to Invest? > > You can start investing in **Parag Parikh ELSS Tax Saver Fund** with just **โ‚น500 per month** via SIP. > > ### ๐ŸŽ‰ Good News! > > The **SanchayKaro Investment App** is officially LIVE! > > Now track & invest in mutual funds anytime, anywhere. > Download now ๐Ÿ‘‡ > > ๐Ÿ“ฒ **Android:** [https://play.google.com/store/apps/details?id=com.rrabbit.sanchaykaro&pcampaignid=web\_share](https://play.google.com/store/apps/details?id=com.rrabbit.sanchaykaro&pcampaignid=web_share) > ๐Ÿ“ฒ **Apple:** > > **Smart Investment. Simple Process. Secure Platform.** ๐Ÿ”’๐Ÿ“ˆ > > --- > > ## ๐Ÿ Final Thoughts > > The **Parag Parikh ELSS Tax Saver Fund** offers the perfect blend of: > > - โœ… **Tax savings** (up to โ‚น46,800 under Old Regime) > - โœ… **Wealth creation** (14-16% CAGR over 3-5 years) > - โœ… **Professional management** (same team as Parag Parikh Flexi Cap) > - โœ… **Lower volatility** (beta 0.70 vs category average 0.96) > If you want to **reduce your tax burden** and **build long-term wealth**, this fund deserves a place in your **2026 portfolio**. > > --- > > **โœจ Invest smart. Save tax. Grow wealth.** > *Start your journey today with Parag Parikh ELSS Tax Saver Fund!* > > --- > > \*Disclaimer: Mutual fund investments are subject to market risks. Please read all scheme-related documents carefully before investing. Past performance is not indicative of future returns. Tax benefits are subject to change under the [Income Tax Act, 1961](https://www.incometaxindia.gov.in/income-tax-act). Consult your financial advisor before making investment decisions.\*