Parag Parikh ELSS lags benchmark for three years
In short
Parag Parikh ELSS Tax Saver Fund has fallen behind its benchmark over the last 1, 2 and 3 years, according to a market summary. It still has a five-star rating from research platforms like PrimeInvestor.
This matters because ELSS money is locked in for 3 years, so investors cannot exit quickly. The report does not say whether the fund will keep underperforming or recover.
What the reporting says
Parag Parikh ELSS Tax Saver Fund underperformed its benchmark over the past one, two and three years, according to a publisher summary. The fund still carries a five-star rating from research platforms such as PrimeInvestor, and the report says investors should weigh its long-term performance, portfolio strategy and risk controls. The ELSS lock-in period also remains a key factor, but the source does not say whether the underperformance changes the fund’s outlook.
Why it matters
Parag Parikh ELSS Tax Saver Fund underperformed its benchmark across the one-, two- and three-year periods, while still keeping a five-star rating in the cited research platforms. The report points investors to the fund’s long-term track record, portfolio strategy and risk controls rather than only recent returns. It also notes the three-year ELSS lock-in, but does not state any redemptions, AUM change or rating action.