Parag Parikh ELSS Tax Saver Fund
An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit
At least 80% of the Parag Parikh ELSS Tax Saver Fund's corpus will be invested in equities of small, medium and large-sized Companies based in India.
It is free to invest in any sector or industry within India which appears to be attractively valued and also participate in buy-backs & and avail of 'special situations' opportunities within India.
It is an open-ended Equity Linked Savings Scheme (ELSS) with a statutory lock-in of 3 years and tax benefit from the date of investment for every investment instalment. indian investors who invest in this Scheme are eligible for Income Tax deduction u/s 80C upto a sum of Rs. 1.50 lakhs^. However, this is not a ceiling. Amounts beyond that can also be invested in the Scheme.
^Please consult your financial advisor for any tax related information applicable to your investments
While the income tax relief is certainly beneficial to many, the Scheme's other attributes mean that it could also be attractive to those who have exhausted this limit.
Also, we have always maintained that equity investments are best suited for investors who can remain invested for at least five years. The three year lock-in in Parag Parikh ELSS Tax Saver Fund is much lower than this, and therefore should not deter you.
We strongly believe that the following principles of value investing will help us create value for our unitholders.
Through quantitative screening, scrutinising public filings etc.
Involving the industry, peers, historical financial data, etc.
Historical and peer valuation is combined with internal estimates of intrinsic value
In line with internal prudential guidelines and Regulatory stipulations.