Should I invest in Parag Parikh ELSS Tax Saver Fund- Direct Growth?

We don't give personal investment advice. Parag Parikh ELSS Tax Saver Fund- Direct Growth is suitable for an investor whose:time horizon is **5+ years** — equity funds can drop 30-50% in bad years; horizons under 5 years materially raise the risk of selling at a lossrisk tolerance accepts seeing the portfolio fall sharply without panic-sellinggoal isn't capital preservation in the short termCross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 14.7%. 5-year CAGR: 14.28%.

Parag Parikh

Parag Parikh ELSS Tax Saver Fund- Direct Growth

Latest NAV

₹31.3409

As of

3 Jun 2026

1,686 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	+0.60%	+0.24%	+0.36	13 / 59	Q1
1W	-1.09%	-1.27%	+0.19	15 / 59	Q2
2W	+0.12%	+0.30%	-0.18	27 / 59	Q2
1M	-1.29%	-0.87%	-0.43	29 / 59	Q2
3M	-3.44%	+0.83%	-4.27	46 / 59	Q4
6M	-8.34%	-2.14%	-6.20	53 / 59	Q4
YTD	-8.58%	-1.56%	-7.02	51 / 59	Q4
1Y	-6.45%	+5.96%	-12.41	59 / 59	Q4
2Y	+3.65%	+5.58%	-1.93	28 / 58	Q2
3Y	+12.48%	+14.58%	-2.10	43 / 58	Q3
4Y	+13.78%	+14.85%	-1.07	32 / 51	Q3
5Y	+14.28%	+14.46%	-0.18	22 / 47	Q2
7Y	+17.80%	+15.51%	+2.29	12 / 45	Q2
10Y	—	—	—	—	—
Inception	+18.21%	+14.13%	+4.07	3 / 59	Q1

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2026 YTD	-8.58%	-4.44%	-4.13	45 / 53
2025	+5.84%	+3.70%	+2.14	20 / 53
2024	+21.37%	+20.13%	+1.24	20 / 53
2023	+28.81%	+30.82%	-2.01	26 / 51
2022	+6.58%	+3.78%	+2.80	12 / 47
2021	+37.53%	+39.32%	-1.78	19 / 50
2020	+29.61%	+18.42%	+11.19	5 / 50
2019	—	—	—	—

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+23.38%

72 windows

min -6.4% · max 81.5%

96% positive

3-Year rolling

+22.04%

48 windows

min 12.5% · max 33.8%

100% positive

Limited basis — fund is young, so this average may be skewed by which 3Y windows happen to be available.

5-Year rolling

+22.74%

23 windows

min 14.3% · max 29.4%

100% positive

Limited basis — fund is young, so this average may be skewed by which 5Y windows happen to be available.

7-Year rolling

—

Insufficient history

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

10.41%

3-year · annualised

Sharpe ratio

0.56

vs risk-free 6.5%

Sortino ratio

0.90

Downside-only deviation

Max drawdown

-14.75%

Oct 2025 → Mar 2026

% positive months

72.2%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in ELSS

Scheme	Fund house	NAV	As of
HDFC ELSS Tax saver - Growth Option - Direct Plan	HDFC	₹1,421.3430	3 Jun 2026
Nippon India ELSS Tax Saver Fund - Direct Plan Growth Plan - Growth Option	Nippon India	₹140.6038	3 Jun 2026
SBI ELSS Tax Saver FUND - DIRECT PLAN -GROWTH	SBI	₹458.2222	3 Jun 2026
ICICI Prudential ELSS Tax Saver Fund - Direct Plan - Growth	ICICI Prudential	₹990.7700	3 Jun 2026
Invesco India ELSS Tax Saver Fund - Direct Plan - Growth	Invesco	₹138.0800	3 Jun 2026
BANDHAN ELSS Tax Saver Fund - Direct Plan - Growth	Bandhan	₹173.1540	3 Jun 2026
quant ELSS Tax Saver Fund - Growth Option - Direct Plan	Quant	₹443.2149	3 Jun 2026
Aditya Birla Sun Life ELSS Tax Saver Fund - Growth - Direct Plan	Aditya Birla Sun Life	₹66.4800	3 Jun 2026
Motilal Oswal ELSS Tax Saver Fund - Direct Plan - Growth Option	Motilal Oswal	₹62.1822	3 Jun 2026
Franklin India ELSS Tax Saver Fund - Direct - Growth	Franklin India	₹1,537.4743	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹31.3409
2 Jun 2026	₹31.5260
1 Jun 2026	₹31.3370
29 May 2026	₹31.4160
27 May 2026	₹31.8354
26 May 2026	₹31.8729
25 May 2026	₹31.8921
22 May 2026	₹31.4621
21 May 2026	₹31.5128
20 May 2026	₹31.5286

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 03 Jun 2026, the NAV of Parag Parikh ELSS Tax Saver Fund- Direct Growth is ₹31.3409. It's a ELSS from Parag Parikh, run as a Direct plan Growth option. NAVs update once per business day from the AMFI feed.

Parag Parikh ELSS Tax Saver Fund- Direct Growth has NAV history starting from 26 Jul 2019, a track record of about 6 years 10 months. That's enough history to evaluate the fund across one or two market cycles. Look at rolling returns rather than point-to-point to judge consistency.

Parag Parikh ELSS Tax Saver Fund- Direct Growth is managed by Parag Parikh. It's classified by AMFI under the 'ELSS' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Parag Parikh ELSS Tax Saver Fund- Direct Growth has delivered a absolute return of -6.45% — -12.41 pp behind the ELSS category average of 5.96%. The fund ranks #59 of 59 in its category — the bottom (Q4) quartile.

Over the trailing 3-year window, Parag Parikh ELSS Tax Saver Fund- Direct Growth has delivered a CAGR of 12.48% — -2.1 pp behind the ELSS category average of 14.58%. The fund ranks #43 of 58 in its category — the third (Q3) quartile.

Over the trailing 5-year window, Parag Parikh ELSS Tax Saver Fund- Direct Growth has delivered a CAGR of 14.28% — -0.18 pp behind the ELSS category average of 14.46%. The fund ranks #22 of 47 in its category — the second (Q2) quartile.

₹1 lakh invested in Parag Parikh ELSS Tax Saver Fund- Direct Growth exactly 5 years ago would be worth approximately ₹194,953 today — a multiplier of 1.95×, based on the 5-year CAGR of 14.28%. The category average over the same window would have grown ₹1 lakh to ₹196,497.

A ₹10,000 monthly SIP in Parag Parikh ELSS Tax Saver Fund- Direct Growth over the last 5 years — total invested ₹600,000 — would be worth ₹773,572 today. That's an XIRR (money-weighted annualised return) of 10.09%.

Parag Parikh ELSS Tax Saver Fund- Direct Growth doesn't yet have 10 years of NAVs. Over the longest available window (5-year SIP), ₹10,000/month would have grown to ₹773,572 — XIRR 10.09%.

On a 5-year basis, Parag Parikh ELSS Tax Saver Fund- Direct Growth ranks #22 out of 47 funds in the ELSS category — that places it in the second quartile (Q2) — above the median. The category average return over the same window is 14.46%; this fund delivered 14.28%.

The worst peak-to-trough decline Parag Parikh ELSS Tax Saver Fund- Direct Growth has experienced over the last 5-year window is 14.75% — its NAV fell from a high on 23 Oct 2025 to a low on 31 Mar 2026. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 5-year rolling windows, Parag Parikh ELSS Tax Saver Fund- Direct Growth averaged 22.74% (best 29.35%, worst 14.28%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is 0.70 — reasonable risk-adjusted performance.

In calendar year 2025, Parag Parikh ELSS Tax Saver Fund- Direct Growth returned 5.84% — beating the ELSS category average of 3.70% by 2.14 pp. It ranked #20 of 53 in its category that year.

Parag Parikh ELSS Tax Saver Fund- Direct Growth is classified as an Equity fund (at least 65% equity exposure). Tax rules (post Budget 2024): if you hold 12 months or more, gains are Long-Term and taxed at 12.5% on the amount exceeding ₹1.25 lakh per financial year. Held for under 12 months, gains are Short-Term and taxed at 20%. The ₹1.25 L exemption is per PAN per FY across all equity LTCG.

We don't give personal investment advice. Parag Parikh ELSS Tax Saver Fund- Direct Growth is suitable for an investor whose:

time horizon is **5+ years** — equity funds can drop 30-50% in bad years; horizons under 5 years materially raise the risk of selling at a loss
risk tolerance accepts seeing the portfolio fall sharply without panic-selling
goal isn't capital preservation in the short term

Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 14.7%. 5-year CAGR: 14.28%.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.