MonitorDirect · GrowthWatch before adding
Parag Parikh ELSS Tax Saver Fund
PPFAS Mutual FundEquity Scheme - ELSS7.3 years
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)
- NAV
- 30.7616
- 29 Oct 2026
- 1Y
- -12.2%
- Trailing CAGR
- Upside capture
- +80%
- Vs NIFTY 500 TRI
- Downside capture
- +49%
- Lower is better
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · The fund beat the category median in 81% of rolling 3-year windows.
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
Prefer peers if · Prefer Baroda BNP Paribas ELSS Tax Saver Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
7.3 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
0.65% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -29.5%. Ask whether you can hold through a similar fall.
Vs category
Pass
81% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Watch
Aishwarya Dhar · 1.2 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / lock-in
Watch
ELSS locks each installment for 3 years. Useful only if 80C is open on the old regime - otherwise locked equity.
Portfolio concentration
Watch
Top 10 holdings ≈ 55.7% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 30%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
ELSS lock-in
Every installment locks for 3 years. Only useful if 80C is still open on the old regime - otherwise it is locked equity, not a tax cut.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y-12.2%
- 3Y+8.5%
- 5Y+10.2%
- 10Yn/a
- SI+16.7%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-9.2%
- 3Y-0.8%
- 5Y+7.2%
- 10Yn/a
- Since inception
- +16.7%
- Calendar-day CAGR
- Excess 1Y
- -5.1%
- Category median, same plan and option
- 3Y win rate
- +81%
- Windows beating the median
- 3Y percentile
- 25
- Vs comparable share classes
- SIP 3Y XIRR
- -0.8%
- Simulated monthly SIP
- Worst rolling 3Y
- +7.4%
- 1049 daily-ending windows
- Median rolling 3Y
- +22.2%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 560 daily-ending windows
Official benchmark
Date-aligned against NIFTY 500 TRI. Capture ratios use common month-end observations through 30 Oct 2026.
- 1Y excess
- -4.6%
- Fund minus TRI
- 3Y excess
- -1.9%
- Fund minus TRI
- Upside capture
- +80%
- Benchmark-up months
- Downside capture
- +49%
- Lower is better
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -29.5%
- Worst peak-to-trough
- Current
- -12.7%
- Below last peak
- Current spell
- 371 days
- Days below latest peak
- Time below peak
- +83%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 8 days
- 111 recovered episodes
- Longest recovery
- 120 days
- Trough to prior peak
13 Feb 2020 – 21 Jul 2020
Trough 23 Mar 2020 · recovered in 120 days
-29.5%
23 Oct 2025 – open
Trough 31 Mar 2026 · not recovered
-14.7%
18 Oct 2021 – 17 Aug 2022
Trough 20 Jun 2022 · recovered in 58 days
-12.0%
26 Sept 2024 – 6 Jun 2025
Trough 4 Mar 2025 · recovered in 94 days
-10.9%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
25
Vs category
18
Consistency
72
Risk-adjusted
65
Drawdown
26
Mean
41
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
- Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
Supporting reads
- The fund beat the category median in 81% of rolling 3-year windows.
- Risk-adjusted return sits above the documented risk-free proxy.
Portfolio
30 Sept 2026 · 47 holdings · top 10 are 55.7%.
- Top 5
- 33.2%
- Top 10
- 55.7%
- Largest holding
- 7.6%
- Effective holdings
- 23.4
HDFC Bank Ltd
Financial
7.6%
Bajaj Holdings & Investment Ltd
Financial
7.0%
Power Grid Corporation of India Ltd
Energy & Utilities
6.6%
Coal India Ltd
Materials
6.5%
Maharashtra Scooters Ltd
Consumer Discretionary
5.5%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
29 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
28 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
27 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
26 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
22 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
21 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
19 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
16 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
24 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
22 Sept 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Baroda BNP Paribas ELSS Tax Saver Fund
Baroda BNP Paribas Mutual Fund
- 1Y
- -3.2%
- 3Y
- +14.2%
- Vol
- 13.9%
- Max DD
- -17.3%
- Sharpe
- 0.53
- 3Y win
- +99%
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Higher TER
HDFC Long Term Advantage Plan
HDFC Mutual Fund
- 1Y
- +36.1%
- 3Y
- +21.2%
- Vol
- 16.6%
- Max DD
- -39.6%
- Sharpe
- 0.71
- 3Y win
- +95%
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
Quant ELSS Tax Saver Fund
quant Mutual Fund
- 1Y
- +3.2%
- 3Y
- +14.8%
- Vol
- 17.0%
- Max DD
- -36.1%
- Sharpe
- 0.80
- 3Y win
- +84%
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown · Higher TER
NAVI ELSS TAX SAVER NIFTY50 INDEX FUND
Navi Mutual Fund
- 1Y
- -11.3%
- 3Y
- +7.3%
- Vol
- 12.7%
- Max DD
- -15.5%
- Sharpe
- 0.33
- 3Y win
- 0%
- Lower volatility
- Shallower drawdown
Caveat: Lower trailing returns
Aditya Birla Sun Life ELSS Tax Saver Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- -7.3%
- 3Y
- +11.0%
- Vol
- 14.6%
- Max DD
- -35.1%
- Sharpe
- 0.53
- 3Y win
- +50%
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown · Higher TER