{"id":222036,"date":"2026-08-28T11:19:00","date_gmt":"2026-08-28T05:49:00","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=222036"},"modified":"2026-08-28T11:19:01","modified_gmt":"2026-08-28T05:49:01","slug":"parag-parikh-elss-tax-saver-fund-direct-growth-review-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/parag-parikh-elss-tax-saver-fund-direct-growth-review-2026\/","title":{"rendered":"Parag Parikh ELSS Tax Saver Fund Direct Growth Review 2026: NAV, Returns, Portfolio &#038; Should You Invest?"},"content":{"rendered":"<p><a href=\"https:\/\/univest.in\/mutual-funds\/parag-parikh-elss-tax-saver-fund-g-direct-plan\">Parag Parikh ELSS Tax Saver Fund Direct Growth Plan<\/a> has a NAV of \u20b931.8123 as of 27 August 2026 and an AUM of \u20b95,699 Cr. Its 1-year, 3-year and 5-year returns are -6.13%, 11.05% and 12.66% respectively. The fund is in the High Risk category, so our view is that it suits investors who can accept uneven short-term performance in exchange for a longer holding period within an ELSS structure.<\/p>\n<p>The mix of a large equity book, a 3-year lock-in and a portfolio led by banks and finance companies means the fund is better suited to investors who are comfortable with equity volatility and want tax-saving exposure with a multi-year horizon. The longer record is stronger than the recent year, which tells us the fund has not been smooth in the near term even though the broader compounding profile remains constructive.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/parag-parikh-elss-tax-saver-fund-direct-growth-review-2026\/#Quick_facts\" title=\"Quick facts\">Quick facts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/parag-parikh-elss-tax-saver-fund-direct-growth-review-2026\/#Performance\" title=\"Performance\">Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/parag-parikh-elss-tax-saver-fund-direct-growth-review-2026\/#Should_you_BUY_or_HOLD_Parag_Parikh_ELSS_Tax_Saver\" title=\"Should you BUY or HOLD Parag Parikh ELSS Tax Saver?\">Should you BUY or HOLD Parag Parikh ELSS Tax Saver?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/parag-parikh-elss-tax-saver-fund-direct-growth-review-2026\/#Peer_comparison\" title=\"Peer comparison\">Peer comparison<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/parag-parikh-elss-tax-saver-fund-direct-growth-review-2026\/#Portfolio_where_your_money_goes\" title=\"Portfolio: where your money goes\">Portfolio: where your money goes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/parag-parikh-elss-tax-saver-fund-direct-growth-review-2026\/#Who_should_invest\" title=\"Who should invest\">Who should invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/parag-parikh-elss-tax-saver-fund-direct-growth-review-2026\/#Tax_and_exit_load\" title=\"Tax and exit load\">Tax and exit load<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/parag-parikh-elss-tax-saver-fund-direct-growth-review-2026\/#Frequently_asked_questions\" title=\"Frequently asked questions\">Frequently asked questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/parag-parikh-elss-tax-saver-fund-direct-growth-review-2026\/#What_is_the_current_NAV_of_Parag_Parikh_ELSS_Tax_Saver_Fund_Direct_Growth_Plan\" title=\"What is the current NAV of Parag Parikh ELSS Tax Saver Fund Direct Growth Plan?\">What is the current NAV of Parag Parikh ELSS Tax Saver Fund Direct Growth Plan?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/parag-parikh-elss-tax-saver-fund-direct-growth-review-2026\/#What_are_the_funds_1-year_3-year_and_5-year_returns\" title=\"What are the fund\u2019s 1-year, 3-year and 5-year returns?\">What are the fund\u2019s 1-year, 3-year and 5-year returns?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/parag-parikh-elss-tax-saver-fund-direct-growth-review-2026\/#How_does_the_fund_compare_with_its_benchmark\" title=\"How does the fund compare with its benchmark?\">How does the fund compare with its benchmark?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/parag-parikh-elss-tax-saver-fund-direct-growth-review-2026\/#How_does_it_compare_with_the_peer_funds_listed_here\" title=\"How does it compare with the peer funds listed here?\">How does it compare with the peer funds listed here?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/parag-parikh-elss-tax-saver-fund-direct-growth-review-2026\/#What_is_the_minimum_SIP_amount\" title=\"What is the minimum SIP amount?\">What is the minimum SIP amount?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/parag-parikh-elss-tax-saver-fund-direct-growth-review-2026\/#Who_manages_the_fund_and_what_is_the_exit_load\" title=\"Who manages the fund and what is the exit load?\">Who manages the fund and what is the exit load?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/parag-parikh-elss-tax-saver-fund-direct-growth-review-2026\/#Bottom_line\" title=\"Bottom line\">Bottom line<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/parag-parikh-elss-tax-saver-fund-direct-growth-review-2026\/#Explore_mutual_funds_with_Univest\" title=\"Explore mutual funds with Univest\">Explore mutual funds with Univest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/parag-parikh-elss-tax-saver-fund-direct-growth-review-2026\/#RIA_disclosure\" title=\"RIA disclosure\">RIA disclosure<\/a><\/li><\/ul><\/nav><\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Quick_facts\"><\/span>Quick facts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Particulars<\/th>\n<th>Details<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>NAV<\/td>\n<td>\u20b931.8123<\/td>\n<\/tr>\n<tr>\n<td>AUM<\/td>\n<td>\u20b95,699 Cr<\/td>\n<\/tr>\n<tr>\n<td>Expense Ratio<\/td>\n<td>0.62%<\/td>\n<\/tr>\n<tr>\n<td>Launch Date<\/td>\n<td>24 Jul 2019<\/td>\n<\/tr>\n<tr>\n<td>Min SIP<\/td>\n<td>\u20b91000<\/td>\n<\/tr>\n<tr>\n<td>Risk Category<\/td>\n<td>High Risk<\/td>\n<\/tr>\n<tr>\n<td>Benchmark<\/td>\n<td>Nifty 50<\/td>\n<\/tr>\n<tr>\n<td>Fund Category<\/td>\n<td>Equity &#8211; ELSS &#8211; Growth<\/td>\n<\/tr>\n<tr>\n<td>Exit Load<\/td>\n<td>No exit load<\/td>\n<\/tr>\n<tr>\n<td>Fund Managers<\/td>\n<td>Rajeev Thakkar, Raunak Onkar, Rukun Tarachandani and Raj Mehta<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The fund is managed by Rajeev Thakkar, Raunak Onkar, Rukun Tarachandani and Raj Mehta.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 27 Aug 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Performance\"><\/span>Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Period<\/th>\n<th>Fund return<\/th>\n<th>Benchmark return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1M<\/td>\n<td>-0.33%<\/td>\n<td>0.44%<\/td>\n<\/tr>\n<tr>\n<td>3M<\/td>\n<td>1.26%<\/td>\n<td>2.31%<\/td>\n<\/tr>\n<tr>\n<td>1Y<\/td>\n<td>-6.13%<\/td>\n<td>-2.53%<\/td>\n<\/tr>\n<tr>\n<td>3Y<\/td>\n<td>11.05%<\/td>\n<td>6.72%<\/td>\n<\/tr>\n<tr>\n<td>5Y<\/td>\n<td>12.66%<\/td>\n<td>7.06%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The recent pattern is mixed. Over 1 month and 3 months, the fund has been positive to mildly negative, but the benchmark has been a bit steadier in both windows. That tells us the fund has not offered a clear short-term edge recently, even though the decline over 1 year is narrower than the recovery seen over longer periods.<\/p>\n<p>The 1-year return is still negative, which matters because it shows the fund has had a difficult trailing year even after earlier gains. But the 3-year and 5-year numbers are clearly better than the benchmark, so the longer-term picture is more supportive than the latest annual figure on its own.<\/p>\n<p>We also see a meaningfully uneven path in the underlying return pattern over time. The fund has gone through phases of improvement and pullback, which is consistent with an active equity portfolio that can move around before compounding settles in. For investors, that means the fund\u2019s return journey is not linear, but the longer horizon has been more rewarding than the recent one.<\/p>\n<p>On balance, the fund has been ahead of the benchmark over 3 years and 5 years, while lagging over 1 year. That split is important: the longer record suggests resilience in compounding, but the latest period reminds us that even a stronger multi-year profile can experience a weak stretch.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 27 Aug 2026<\/small><\/p>\n<section class=\"univest-mf-premium-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;border:1px solid #d8e3f0;background:#f7faff\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Should_you_BUY_or_HOLD_Parag_Parikh_ELSS_Tax_Saver\"><\/span>Should you BUY or HOLD Parag Parikh ELSS Tax Saver?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A fund&#8217;s past returns alone don&#8217;t tell you whether you should buy it today or continue holding it.<\/p>\n<p>The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.<\/p>\n<p><strong>Already holding Parag Parikh ELSS Tax Saver? Thinking of investing now?<\/strong><\/p>\n<p><a href=\"https:\/\/univest.in\/mutual-funds\" style=\"font-weight:700;text-decoration:none\">Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium<\/a><\/p>\n<\/section>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Peer_comparison\"><\/span>Peer comparison<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Fund<\/th>\n<th>1Y return<\/th>\n<th>3Y return<\/th>\n<th>5Y return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/parag-parikh-elss-tax-saver-fund-g-direct-plan\">Parag Parikh ELSS Tax Saver Fund Direct Growth Plan<\/a><\/td>\n<td>-6.13%<\/td>\n<td>11.05%<\/td>\n<td>12.66%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/quant-elss-tax-saver-fund-g-direct-plan\">Quant ELSS Tax Saver Fund Direct Growth Plan<\/a><\/td>\n<td>17.32%<\/td>\n<td>17.30%<\/td>\n<td>17.17%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/motilal-oswal-elss-tax-saver-fund-g-direct-plan\">Motilal Oswal ELSS Tax Saver Fund Direct Growth Plan<\/a><\/td>\n<td>16.88%<\/td>\n<td>23.56%<\/td>\n<td>18.74%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/jm-elss-tax-saver-fund-g-direct-plan\">JM ELSS-Tax Saver Fund Direct Growth Plan<\/a><\/td>\n<td>11.59%<\/td>\n<td>18.01%<\/td>\n<td>16.00%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/sundaram-lt-micro-cap-tax-adv-fund-sr-iv-g-direct-plan\">Sundaram LT Micro Cap Tax Adv Fund-Sr IV- Direct Growth Plan<\/a><\/td>\n<td>11.17%<\/td>\n<td>13.92%<\/td>\n<td>17.45%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/edelweiss-elss-tax-saver-fund-g-direct-plan\">Edelweiss ELSS Tax saver Fund Direct Growth Plan<\/a><\/td>\n<td>10.75%<\/td>\n<td>15.77%<\/td>\n<td>13.86%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The current fund\u2019s 1-year return trails all five peers listed here, while its 3-year and 5-year returns are also lower than the stronger peer figures shown above. That does not change the fact that the fund\u2019s own longer history is better than its latest year, but it does show that other ELSS options have compounded faster across the available time periods.<\/p>\n<p>For us, the main takeaway is that the short-term and longer-term comparisons point in different directions. The fund looks weak on recent numbers, yet its own 3-year and 5-year record is not far removed from a steady compounding profile. This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 27 Aug 2026<\/small><\/p>\n<div class=\"univest-peer-login-cta\" style=\"margin:20px 0;padding:16px 18px;border:1px solid #d8e3f0;border-radius:8px;background:#f7faff\">\n<p style=\"margin:0\"><strong>Want to know more?<\/strong> <a href=\"https:\/\/univest.in\/user\/log-in\" style=\"font-weight:700;text-decoration:none\">Log in to Univest<\/a> for more mutual fund insights.<\/p>\n<\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Portfolio_where_your_money_goes\"><\/span>Portfolio: where your money goes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The market-cap mix is tilted toward large-cap stocks at 70.57%, with small-cap at 18.64%, other-cap at 8.61% and mid-cap at 2.18%. That means the portfolio is still anchored by larger businesses, even though it leaves room for smaller companies to influence returns.<\/p>\n<table>\n<thead>\n<tr>\n<th>Sector<\/th>\n<th>Allocation<\/th>\n<th>Top holdings<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>BANK<\/td>\n<td>23.55%<\/td>\n<td>KOTAK MAHINDRA BANK LIMITED (9.65%), HDFC BANK LIMITED (6.73%)<\/td>\n<\/tr>\n<tr>\n<td>FINANCE<\/td>\n<td>21.36%<\/td>\n<td>MULTI COMMODITY EXCHANGE OF INDIA LTD. (7.11%), BAJAJ HOLDINGS &amp; INVESTMENT LIMITED (5.65%)<\/td>\n<\/tr>\n<tr>\n<td>IT<\/td>\n<td>9.44%<\/td>\n<td>HCL TECHNOLOGIES LIMITED (3.31%), INFOSYS LIMITED (2.96%)<\/td>\n<\/tr>\n<tr>\n<td>AUTOMOBILE &amp; ANCILLARIES<\/td>\n<td>7.39%<\/td>\n<td>MARUTI SUZUKI INDIA LIMITED (3.47%), MAHINDRA &amp; MAHINDRA LIMITED (3.16%)<\/td>\n<\/tr>\n<tr>\n<td>POWER<\/td>\n<td>6.55%<\/td>\n<td>POWER GRID CORPORATION OF INDIA LIMITED (5.78%), INDIAN ENERGY EXCHANGE LIMITED (0.77%)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The two biggest sectors, Bank and Finance, together account for a large share of the portfolio, so financials are likely to have greater influence on the fund\u2019s behaviour than any other theme. Bank at 23.55% is only slightly larger than Finance at 21.36%, which tells us the portfolio is concentrated in a narrow set of economically sensitive areas rather than spread evenly across sectors.<\/p>\n<p>That concentration is moderated by the large-cap base, which can help keep the portfolio anchored even when smaller holdings move sharply. At the same time, the 18.64% small-cap allocation and 8.61% other-cap exposure can add some extra movement around the edges. Our view is that this structure can support upside participation, but it may also make the fund more uneven than a pure large-cap portfolio.<\/p>\n<p>Within the visible sector mix, IT, Automobile &amp; Ancillaries and Power are all materially smaller than Bank and Finance. That means they are more likely to shape diversification than dominate returns. The most important portfolio influence therefore appears to come from financials, especially the bank and finance sleeves together.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 27 Aug 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Who_should_invest\"><\/span>Who should invest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This fund is better suited to investors who are comfortable with High Risk equity exposure and who can stay invested beyond the 3-year lock-in. The recent 1-year decline shows that near-term volatility is part of the journey, while the 3-year and 5-year figures suggest the fund can recover better over a longer horizon.<\/p>\n<p>It may appeal to investors who want tax-saving equity exposure and are willing to accept that the benchmark and peers have recently shown stronger short-term numbers. The main trade-off is between the fund\u2019s longer-term compounding potential and the possibility of weak stretches in the shorter term. A patient investor with a multi-year horizon is a better fit than someone looking for steady year-to-year consistency.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Tax_and_exit_load\"><\/span>Tax and exit load<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding period<\/th>\n<th>Tax rate<\/th>\n<th>Description<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Units held less than 1 year<\/td>\n<td>20%<\/td>\n<td>Short-term capital gains tax<\/td>\n<\/tr>\n<tr>\n<td>Units held more than 1 year<\/td>\n<td>12.5%<\/td>\n<td>Long-term capital gains tax<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Exit load:<\/strong> No exit load.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 27 Aug 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Frequently_asked_questions\"><\/span>Frequently asked questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_is_the_current_NAV_of_Parag_Parikh_ELSS_Tax_Saver_Fund_Direct_Growth_Plan\"><\/span>What is the current NAV of Parag Parikh ELSS Tax Saver Fund Direct Growth Plan?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The current NAV is \u20b931.8123 as of 27 August 2026.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_are_the_funds_1-year_3-year_and_5-year_returns\"><\/span>What are the fund\u2019s 1-year, 3-year and 5-year returns?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The fund\u2019s 1-year return is -6.13%, the 3-year return is 11.05% and the 5-year return is 12.66%.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"How_does_the_fund_compare_with_its_benchmark\"><\/span>How does the fund compare with its benchmark?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>It has lagged the benchmark over 1 year, but it has been ahead over 3 years and 5 years. The benchmark returns are -2.53%, 6.72% and 7.06% for those periods.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"How_does_it_compare_with_the_peer_funds_listed_here\"><\/span>How does it compare with the peer funds listed here?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Its 1-year return is below the five peer funds shown, and its 3-year and 5-year returns are also lower than those peers\u2019 stronger figures. That makes the recent peer comparison softer than the longer-term one.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_is_the_minimum_SIP_amount\"><\/span>What is the minimum SIP amount?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The minimum SIP amount is \u20b91000.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Who_manages_the_fund_and_what_is_the_exit_load\"><\/span>Who manages the fund and what is the exit load?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The fund is managed by Rajeev Thakkar, Raunak Onkar, Rukun Tarachandani and Raj Mehta. It has no exit load.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Bottom_line\"><\/span>Bottom line<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The fund\u2019s recent year has been weak, but its 3-year and 5-year records are stronger and sit above the benchmark over those horizons. Against the peer set shown here, the return profile is softer on available numbers, which keeps the case for the fund more dependent on long-term patience than on short-term momentum. The portfolio is anchored by large caps, but financials carry the heaviest influence, so the fund may move with that sector more than a broadly diversified equity scheme.<\/p>\n<p class=\"univest-posted-at\" style=\"font-size:14px;color:#666;margin:20px 0 8px\">Published on 28 August 2026 at 10:44 AM IST<\/p>\n<section class=\"univest-login-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;background:#eef5ff;border:1px solid #cddff7;text-align:center\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Explore_mutual_funds_with_Univest\"><\/span>Explore mutual funds with Univest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Review mutual fund data, compare performance and explore fund insights on Univest.<\/p>\n<p><a href=\"https:\/\/univest.in\/user\/log-in\" style=\"display:inline-block;padding:11px 20px;border-radius:6px;background:#1f4e79;color:#fff !important;text-decoration:none;font-weight:700\">Explore Univest<\/a><\/p>\n<\/section>\n<section class=\"univest-disclaimer\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"RIA_disclosure\"><\/span>RIA disclosure<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.<\/p>\n<\/section>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"InvestmentFund\",\"name\":\"Parag Parikh ELSS Tax Saver Fund Direct Growth Plan\",\"identifier\":\"parag-parikh-elss-tax-saver-fund-g-direct-plan\",\"category\":\"Equity\",\"dateCreated\":\"24 Jul 2019\",\"isAccessibleForFree\":true,\"additionalProperty\":[{\"@type\":\"PropertyValue\",\"name\":\"NAV\",\"value\":31.8123,\"valueReference\":\"as of 27 Aug 2026\"},{\"@type\":\"PropertyValue\",\"name\":\"AUM\",\"value\":\"5699 Cr\"},{\"@type\":\"PropertyValue\",\"name\":\"Expense Ratio\",\"value\":\"0.62\"},{\"@type\":\"PropertyValue\",\"name\":\"Benchmark\",\"value\":\"Nifty 50\"},{\"@type\":\"PropertyValue\",\"name\":\"1Y Return\",\"value\":-6.1272},{\"@type\":\"PropertyValue\",\"name\":\"3Y Return\",\"value\":11.0452},{\"@type\":\"PropertyValue\",\"name\":\"5Y Return\",\"value\":12.6559},{\"@type\":\"PropertyValue\",\"name\":\"Fund Managers\",\"value\":\"Rajeev Thakkar, Raunak Onkar, Rukun Tarachandani, Raj Mehta\"}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the current NAV of Parag Parikh ELSS Tax Saver Fund Direct Growth Plan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The current NAV is \u20b931.8123 as of 27 August 2026.\"}},{\"@type\":\"Question\",\"name\":\"What are the fund\u2019s 1-year, 3-year and 5-year returns?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund\u2019s 1-year return is -6.13%, the 3-year return is 11.05% and the 5-year return is 12.66%.\"}},{\"@type\":\"Question\",\"name\":\"How does the fund compare with its benchmark?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It has lagged the benchmark over 1 year, but it has been ahead over 3 years and 5 years. The benchmark returns are -2.53%, 6.72% and 7.06% for those periods.\"}},{\"@type\":\"Question\",\"name\":\"How does it compare with the peer funds listed here?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Its 1-year return is below the five peer funds shown, and its 3-year and 5-year returns are also lower than those peers\u2019 stronger figures. That makes the recent peer comparison softer than the longer-term one.\"}},{\"@type\":\"Question\",\"name\":\"What is the minimum SIP amount?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The minimum SIP amount is \u20b91000.\"}},{\"@type\":\"Question\",\"name\":\"Who manages the fund and what is the exit load?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund is managed by Rajeev Thakkar, Raunak Onkar, Rukun Tarachandani and Raj Mehta. It has no exit load.\"}}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"Person\",\"name\":\"{{ANALYST_NAME}}\",\"affiliation\":{\"@type\":\"Organization\",\"name\":\"Uniapps Investment Adviser Pvt. Ltd.\"},\"description\":\"Uniapps Investment Adviser Pvt. Ltd. \u2014 SEBI Registered Investment Adviser INA000017639\"}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Parag Parikh ELSS Tax Saver Fund Direct Growth Plan had a NAV of \u20b931.8123 as of 27 August 2026, AUM of \u20b95,699 Cr, and 1Y\/3Y\/5Y returns of -6.13%\/11.05%\/12.66%.<\/p>\n","protected":false},"author":29,"featured_media":222035,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3841],"tags":[],"class_list":["post-222036","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["222035"],"rank_math_title":["Parag Parikh ELSS Review 2026: NAV &amp; Returns"],"rank_math_description":["Parag Parikh ELSS Tax Saver Fund Direct Growth Plan NAV \u20b931.8123; 1Y return -6.13%, 3Y 11.05%, 5Y 12.66% as of 27 Aug 2026."],"rank_math_focus_keyword":["Parag Parikh 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