Parag Parikh ELSS Tax Saver Fund on WebNotes

Parag Parikh ELSS Tax Saver Fund

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

The Parag Parikh ELSS Tax Saver Fund is an open-ended equity-linked savings scheme of PPFAS Mutual Fund , launched on 4 July 2019 by PPFAS Asset Management Private Limited as the third open-ended scheme in the AMC’s product line, after the flagship Parag Parikh Flexi Cap Fund (24 May 2013) and the Parag Parikh Liquid Fund (9 May 2018). It was originally launched as the Parag Parikh Tax Saver Fund and subsequently renamed to Parag Parikh ELSS Tax Saver Fund to align with the AMFI and SEBI directive that all equity-linked savings schemes carry the standardised “ELSS” prefix in scheme nomenclature. The scheme is benchmarked to the Nifty 500 Total Return Index (Nifty 500 TRI ).

Parag Parikh ELSS Tax Saver Fund and Section 80C Eligibility

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

The Parag Parikh ELSS Tax Saver Fund is the PPFAS Mutual Fund Equity Linked Savings Scheme (ELSS), launched on 4 July 2019 and originally registered as the Parag Parikh Tax Saver Fund. The scheme is eligible for Section 80C deduction of up to Rs 1.5 lakh per assessee per financial year under the Income-tax Act, 1961 , subject to compliance with the Equity Linked Savings Scheme, 2005 (Notification No. 226/2005 dated 3 November 2005) issued by the Department of Economic Affairs, Ministry of Finance, and the SEBI Mutual Funds Regulations 1996 ELSS category framework.

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.

PPFAS Scheme Launch Timeline 2013 to 2026

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

The PPFAS scheme launch timeline from 2013 to 2026 denotes the chronological sequence in which the open-ended mutual fund schemes of PPFAS Mutual Fund were launched, renamed and re-categorised between 24 May 2013 and 4 February 2026. It is a reference chronology that sets out the launch date and original product name of each of the seven schemes presently managed by PPFAS Asset Management Private Limited , the regulatory context under which two of those schemes were renamed under the SEBI scheme rationalisation circular 2017 , and the comparative category positioning at the time of each launch.