Parag Parikh Tax Saver Fund Direct - Growth is a Tax Saver mutual fund scheme from PPFAS Mutual Fund. This scheme was launched on 24 Jul 2019 and is currently managed by its fund managers Raj Mehta and Rajeev Thakkar. It has an AUM of ₹18.50 Crores and the latest NAV decalared is ₹10.594 as on 18 Oct 2019 at 9:25 pm.
Parag Parikh Tax Saver Fund Direct - Growth scheme return performance is 5.80% since scheme launch. The min. SIP amount to invest in this scheme is ₹500.
24 Jul 2019
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)
About Fund Category
Having a statutory lock-in period of 3 years, ELSS Funds enable long term wealth accumulation along with the benefit of tax saving. Investing in ELSS Funds makes you eligible to claim a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act 1961.