Parag Parikh ELSS Tax Saver Fund
PPFAS Mutual Fund·ELSS - Tax Saver Fund·vs Nifty 500 TRI
The fund maintains a concentrated, quality-focused approach with over half its portfolio in the top ten holdings, signaling conviction in large-cap stability. The manager's recent trimming of banking exposure through exits like Axis Bank and REC while retaining HDFC and ICICI suggests selective preference within financials. Small additions in auto ancillaries and textiles hint at tactical rebalancing, though the heavy tilt toward banks, finance, and IT keeps the portfolio aligned with domestic growth narratives favored by quality-conscious investors.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹31.1519 | — | — | — | — | — | — |
| Regular Growth | ₹28.7278 | -2.77% | -6.36% | -10.43% | -7.01% | +11.36% | +13.62% |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
46
Top 5 Weight
34.74%
Top 10 Weight
56.35%
Active Share
—
Large Cap
67.76%
Gini
0.548
What Changed2026-03-31 → 2026-04-30
Holdings: 51 → 47+2 added−6 removed13 weight shifts ≥ 0.1%
| Stock | Weight |
|---|---|
| Sharda Motor Industries Ltd. | 0.09% |
| Siyaram Silk Mills Limited | 0.02% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Limited INE040A01034 | 7.93% |
| 2 | Power Grid Corporation of India Limited INE752E01010 | 7.73% |
| 3 | Coal India Limited INE522F01014 | 7.04% |
| 4 | Bajaj Holdings & Investment Limited INE118A01012 | 6.45% |
| 5 | ITC Limited INE154A01025 | 5.59% |
| 6 | Maharashtra Scooters Limited INE288A01013 | 5.15% |
| 7 | ICICI Bank Limited INE090A01021 | 4.58% |
| 8 | Kotak Mahindra Bank Limited INE237A01036 | 4.16% |
| 9 | HCL Technologies Limited INE860A01027 | 3.95% |
| 10 | Maruti Suzuki India Limited INE585B01010 | 3.77% |
| 11 | Axis Bank Limited INE238A01034 | 3.61% |
| 12 | Infosys Limited INE009A01021 | 3.57% |
| 13 | Mahindra & Mahindra Limited INE101A01026 | 3.54% |
| 14 | Bharti Airtel Limited INE397D01024 | 3.52% |
| 15 | CMS Info System Limited INE925R01014 | 3.19% |
| 16 | CCL Products (India) Limited INE421D01022 | 2.83% |
| 17 | Embassy Office Parks REIT INE041025011 | 2.43% |
| 18 | Brookfield India Real Estate Trust INE0FDU25010 | 2.36% |
| 19 | TRP_040526 nan | 2.34% |
| 20 | Tata Consultancy Services Limited INE467B01029 | 2.00% |
Sector Allocation
Banks20.3%
Finance11.6%
IT - Software11.3%
Power7.7%
Automobiles7.3%
Consumable Fuels7.0%
Diversified FMCG5.6%
Realty4.8%
Pharmaceuticals & Biotechnology4.0%
Telecom - Services3.6%
Top 10 sectors by % to NAV. Excludes derivatives.