NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹30.91
-0.53%
NAV as on 17 Dec 24, 12:00 AM
very high risk
elss (tax savings)
elss
NAV as on 17 Dec 24, 12:00 AM
very high risk
elss (tax savings)
elss
22.44%p.a.
Last 1Y
18.70%p.a.
Last 3Y
23.75%p.a.
Last 5Y
23.02%p.a.
Since Inception
About Parag Parikh ELSS Tax Saver Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Parag Parikh ELSS Tax Saver Fund Growth scheme from PPFAS Asset Management Pvt. Ltd. It is a ELSS (Tax Savings) mutual fund scheme that predominantly invests in ELSS (Tax Savings) stocks of companies. Launched on Jul 2019, Parag Parikh ELSS Tax Saver Fund Growth is ELSS (Tax Savings) fund of its category with 4,273.94 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category ELSS (Tax Savings) funds.
- Parag Parikh ELSS Tax Saver Fund Growth delivered 22.4% annual returns during the last year. It has delivered 23.0% average annual returns since the fund was launched.
- Parag Parikh ELSS Tax Saver Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in elss
Fund Objective
The investment objective of the Scheme is 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) However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.
Top 10 Holdings
HDFC Bank Ltd
8.50%
Bajaj Holdings and Investment Ltd
8.22%
Power Grid Corp Of India Ltd
7.13%
Coal India Ltd
6.65%
ITC Ltd
5.69%
ICICI Bank Ltd
5.36%
Maharashtra Scooters Ltd
5.20%
Maruti Suzuki India Ltd
4.12%
HCL Technologies Ltd
3.77%
Axis Bank Ltd
3.55%
Fund Managers
- Raj Mehta (Jul 2019 - Present)
- Rajeev Thakkar (Jul 2019 - Present)
- Raunak Onkar (Jul 2019 - Present)
- Rukun Tarachandani (May 2022 - Present)
- Mansi Kariya (Dec 2023 - Present)
Key Information
View Scheme Document
Parag Parikh ELSS Tax Saver Fund Growth SIP Calculator
If invested
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For a period of
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₹0 (+0.0%)
This Fund
₹0 (+0.0%)
Fixed Deposit
NRI Mutual Fund Tax on Parag Parikh ELSS Tax Saver Fund Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in Parag Parikh ELSS Tax Saver Fund Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Parag Parikh ELSS Tax Saver Fund Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
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Frequently Asked Questions
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