Parag Parikh ELSS vs Axis, Mirae and Quant ELSS

Sat, 16 May 2026 00:00:00 +0000

The Parag Parikh ELSS Tax Saver Fund is the Equity Linked Savings Scheme (ELSS) of PPFAS Mutual Fund , launched on 4 July 2019 by the AMC’s then ELSS proposition team. ELSS schemes are open-ended diversified equity mutual funds with a statutory three-year lock-in period from the date of each investment and qualify for Section 80C deduction under the Income-tax Act, 1961 up to Rs 1.50 lakh per financial year (under the Old Tax Regime). The Parag Parikh ELSS Tax Saver Fund competes in the broader ELSS category with peer schemes including the Axis Mutual Fund Axis ELSS Tax Saver Fund (the long-standing category leader by AUM until 2024), the Mirae Asset Mutual Fund Mirae Asset ELSS Tax Saver Fund, and the Quant Mutual Fund Quant ELSS Tax Saver Fund.

ELSS Funds on WebNotes

Parag Parikh ELSS vs Axis, Mirae and Quant ELSS