Parag Parikh ELSS Tax Saver Fund vs UTI - Dividend Yield Fund
Direct Plan, Growth option · Data as on 30-10-2026
Parag Parikh ELSS Tax Saver Fund is an ELSS fund and UTI - Dividend Yield Fund is a Dividend Yield fund. In the 3 years to 30-10-2026, Parag Parikh ELSS Tax Saver Fund (Direct) returned 8.6% a year and UTI - Dividend Yield Fund (Direct) returned 12.8% a year. Parag Parikh ELSS Tax Saver Fund charges 0.65% a year and UTI - Dividend Yield Fund 1.54% (Direct plans). Their portfolios overlap 40.3%: they hold 19 of the same securities.
Parag Parikh ELSS Tax Saver Fund
ELSS
- 3 year return
- 8.6%
- Expense ratio
- 0.65%
- NAV
- ₹30.85
UTI - Dividend Yield Fund
Dividend Yield
- 3 year return
- 12.8%
- Expense ratio
- 1.54%
- NAV
- ₹182.77
Which is better, Parag Parikh ELSS Tax Saver or UTI - Dividend Yield? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Parag Parikh ELSS Tax Saver returned more over 5 years: 10.3% a year against 10.1%.
- UTI - Dividend Yield returned more over 3 years: 12.8% a year against 8.6%.
- Parag Parikh ELSS Tax Saver costs less: 0.65% a year against 1.54% (Direct plans).
- Parag Parikh ELSS Tax Saver swung less over 3 years: a standard deviation of 11.1% a year against 12.5%.
- Parag Parikh ELSS Tax Saver fell less in its worst fall since 26-07-2019: −29.5% against −32.4%.
- Parag Parikh ELSS Tax Saver is the larger fund: ₹5,401 Cr against ₹3,582 Cr.
- Their portfolios overlap 40.3%: 19 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Parag Parikh ELSS Tax Saver Fund | UTI - Dividend Yield Fund |
|---|---|---|
| Fund house | PPFAS Mutual Fund | UTI Mutual Fund |
| Category | ELSS | Dividend Yield |
| AUM | ₹5,401 Cr (30-09-2026) | ₹3,582 Cr (30-09-2026) |
| NAV | ₹30.85 (Direct) | ₹182.77 (Direct) |
| Expense ratio (Direct) | 0.65% | 1.54% |
| Expense ratio (Regular) | 1.83% | 1.99% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | Nifty 500 TRI |
| Launch date | 24-07-2019 | 01-06-2005 |
| Minimum investment | ₹500 | Regular Plan-Growth- Rs.5000, Regular Plan-Reinvestment of IDCW- Rs.5000, Regular Plan-Payout of IDCW- Rs.5000, Direct Plan-Growth- Rs.5000, Direct Plan-Reinvestment of IDCW- Rs.5000, Direct Plan-Payout of IDCW- Rs.5000, |
| Lock in | 3 years | None |
| Fund managers | Rajeev Thakkar, Raunak Onkar, Rukun Tarachandani, Raj Mehta, Tejas Soman, Aishwarya Dhar | Amit Premchandani FM 1, Not Applicable FM 2, Not Applicable FM 3, Not Applicable FM 4, Not Applicable FM 5 |
| Exit load | NIL | 1% if redeemed before 1 year from the date of allotment. Nil if redeemed on or after 1 year from the date of allotment |
Parag Parikh ELSS Tax Saver vs UTI - Dividend Yield: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Parag Parikh ELSS Tax Saver Fund (Direct) | +0.63% | −4.15% | −3.36% | −11.32% | +8.55% | +10.30% | -- |
| UTI - Dividend Yield Fund (Direct) | +0.07% | −5.33% | −3.41% | −6.51% | +12.82% | +10.06% | +13.18% |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | -- |
| Dividend Yield average | −1.57% | −5.69% | −3.24% | −5.57% | +12.14% | +12.06% | -- |
Category average: the average of the 50 ELSS funds and the 12 Dividend Yield funds, same plan type.
Parag Parikh ELSS Tax Saver vs UTI - Dividend Yield: Year-wise Returns
| Year | Parag Parikh ELSS Tax SaverParag Parikh ELSS Tax Saver | UTI - Dividend YieldUTI - Dividend Yield | Nifty 500 TRI |
|---|---|---|---|
| 2026to date | −10.70% | −7.46% | −7.51% |
| 2025 | +6.19% | +5.95% | +7.76% |
| 2024 | +21.78% | +25.42% | +16.24% |
| 2023 | +28.82% | +36.27% | +26.91% |
| 2022 | +6.58% | −4.74% | +4.25% |
| 2021 | +37.97% | +39.66% | +31.60% |
Parag Parikh ELSS Tax Saver vs UTI - Dividend Yield: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 1,048 of them, one for each trading day from 26-07-2022 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Parag Parikh ELSS Tax Saver Fund (Direct)
UTI - Dividend Yield Fund (Direct)
Nifty 500 TRI
to
Nov 2022Aug 2020
to
Aug 2023May 2021
to
May 2024Jan 2022
to
Jan 2025Oct 2022
to
Oct 2025Jun 2023
to
Jun 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Parag Parikh ELSS Tax Saver | 0.0 | 0.0 | 3.4 | 10.2 | 27.7 | 39.2 | 19.5 | 21.2% | 22.2% | 7.4% | 37.5% | 83% |
| UTI - Dividend Yield | 0.0 | 0.0 | 0.0 | 5.3 | 39.5 | 51.1 | 4.0 | 19.9% | 20.5% | 10.8% | 31.4% | 75% |
| Nifty 500 TRI | 0.0 | 0.0 | 1.8 | 18.0 | 53.1 | 19.8 | 7.3 | 18.1% | 17.9% | 8.8% | 33.5% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty 500 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 26-07-2019. Past returns do not promise future returns.
Parag Parikh ELSS Tax Saver vs UTI - Dividend Yield: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 26-07-2019 to 30-10-2026: 88 instalments, ₹8,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Parag Parikh ELSS Tax SaverParag Parikh ELSS Tax Saver Fund (Direct) | ₹8,80,000 | ₹14,35,056 | ₹5,55,056 | 13.1% |
| UTI - Dividend YieldUTI - Dividend Yield Fund (Direct) | ₹8,80,000 | ₹14,54,772 | ₹5,74,772 | 13.5% |
Parag Parikh ELSS Tax SaverParag Parikh ELSS Tax Saver Fund (Direct)
UTI - Dividend YieldUTI - Dividend Yield Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Parag Parikh ELSS Tax Saver vs UTI - Dividend Yield: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Parag Parikh ELSS Tax Saver Fund (Direct) | UTI - Dividend Yield Fund (Direct) |
|---|---|---|
| Return (CAGR) | −11.32% | −6.51% |
| Standard deviation | 11.05% | 11.35% |
| Sharpe ratio | -1.50 | -1.04 |
| Sortino ratio | -1.96 | -1.35 |
| Maximum drawdown | −13.7% (31-03-2026) | −12.0% (31-03-2026) |
| Beta | 0.70 | 0.76 |
| Alpha | −7.73% | −2.21% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Parag Parikh ELSS Tax Saver Fund (Direct) | UTI - Dividend Yield Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.55% | +12.82% |
| Standard deviation | 11.15% | 12.51% |
| Sharpe ratio | 0.23 | 0.54 |
| Sortino ratio | 0.31 | 0.75 |
| Maximum drawdown | −14.8% (31-03-2026) | −18.2% (28-02-2025) |
| Beta | 0.72 | 0.85 |
| Alpha | −0.47% | +3.24% |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Parag Parikh ELSS Tax Saver Fund (Direct) | UTI - Dividend Yield Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.30% | +10.06% |
| Standard deviation | 11.32% | 12.92% |
| Sharpe ratio | 0.40 | 0.33 |
| Sortino ratio | 0.55 | 0.45 |
| Maximum drawdown | −14.8% (31-03-2026) | −18.6% (20-06-2022) |
| Beta | 0.73 | 0.85 |
| Alpha | +2.31% | +1.69% |
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Parag Parikh ELSS Tax Saver Fund (Direct) | UTI - Dividend Yield Fund (Direct) |
|---|---|---|
| Return (CAGR) | +16.76% | +12.69% |
| Standard deviation | 13.40% | 14.29% |
| Sharpe ratio | 0.87 | 0.46 |
| Sortino ratio | 1.18 | 0.63 |
| Maximum drawdown | −29.5% (23-03-2020) | −32.7% (23-03-2020) |
| Beta | 0.71 | 0.85 |
| Alpha | +5.40% | +0.89% |
From daily NAVs, 26-07-2019 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Parag Parikh ELSS Tax Saver Fund (Direct)
UTI - Dividend Yield Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Parag Parikh ELSS Tax Saver Fund (Direct) | −29.5% | 13-02-2020 | 23-03-2020 | 21-07-2020 | 4 months | −12.4% |
| UTI - Dividend Yield Fund (Direct) | −32.4% | 15-01-2020 | 23-03-2020 | 18-08-2020 | 5 months | −10.3% |
| Nifty 500 TRI | −38.1% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −8.8% |
From daily values since 26-07-2019, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Parag Parikh ELSS Tax Saver Fund (Direct)
UTI - Dividend Yield Fund (Direct)
Nifty 500 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Parag Parikh ELSS Tax Saver Fund (Direct)
UTI - Dividend Yield Fund (Direct)
Nifty 500 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Parag Parikh ELSS Tax Saver Fund (Direct)
UTI - Dividend Yield Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Parag Parikh ELSS Tax Saver Fund (Direct) | 80% | 49% | 7.77% |
| UTI - Dividend Yield Fund (Direct) | 93% | 82% | 5.96% |
From month-end values since 26-07-2019. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Parag Parikh ELSS Tax Saver vs UTI - Dividend Yield: Portfolio Overlap
From each fund's latest monthly portfolio: Parag Parikh ELSS Tax Saver Fund, September 2026; UTI - Dividend Yield Fund, September 2026
Holdings in common
- Overlap
- 40.3%
- Held by both
- 19
- Only in Parag Parikh ELSS Tax Saver
- 27
- Only in UTI - Dividend Yield
- 44
| Security | % of Parag Parikh ELSS Tax Saver | % of UTI - Dividend Yield |
|---|---|---|
| HDFC Bank Limited | 7.57% | 8.11% |
| ICICI Bank Limited | 4.86% | 5.72% |
| Kotak Mahindra Bank Limited | 4.70% | 3.03% |
| Bharti Airtel Limited | 3.41% | 2.94% |
| Mahindra & Mahindra Limited | 3.51% | 2.84% |
| Axis Bank Limited | 3.63% | 2.48% |
| Infosys Limited | 3.13% | 2.36% |
| Power Grid Corporation of India Limited | 6.58% | 2.33% |
| Maruti Suzuki India Limited | 3.53% | 2.07% |
| Coal India Limited | 6.46% | 2.02% |
| ITC Limited | 5.02% | 1.83% |
| Tata Consultancy Services Limited | 1.73% | 1.72% |
| Cipla Limited | 1.37% | 1.73% |
| Embassy Office Parks REIT | 2.58% | 0.73% |
| DLF Limited | 0.56% | 1.22% |
| Brookfield India Real Estate Trust | 2.53% | 0.54% |
| Knowledge Realty Trust | 0.52% | 2.03% |
| Dr. Reddy's Laboratories Limited | 1.39% | 0.46% |
| Mahanagar Gas Limited | 0.08% | 1.29% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40.3% means 40.3% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Parag Parikh ELSS Tax Saver Fund
| Security | % of fund |
|---|---|
| Bajaj Holdings & Investment Limited | 7.05% |
| Maharashtra Scooters Limited | 5.50% |
| HCL Technologies Limited | 4.36% |
| CCL Products (India) Limited | 2.65% |
| CMS Info System Limited | 2.48% |
Largest holdings only in UTI - Dividend Yield Fund
| Security | % of fund |
|---|---|
| EQ - STATE BANK OF INDIA | 3.28% |
| EQ - TECH MAHINDRA LTD. | 3.08% |
| EQ - TORRENT PHARMACEUTICALS LTD. | 2.01% |
| EQ - NTPC LTD. | 1.96% |
| EQ - AJANTA PHARMA LTD. | 1.81% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Parag Parikh ELSS Tax Saver | UTI - Dividend Yield |
|---|---|---|
| Equity | 90.9% | 91.6% |
| Debt | 0.3% | 0.6% |
| Cash and others | 8.8% | 7.8% |
Market cap of stocks
| Market cap | Parag Parikh ELSS Tax Saver | UTI - Dividend Yield |
|---|---|---|
| Large Cap | 68.9% | 62.1% |
| Mid Cap | 3.6% | 11.9% |
| Small Cap | 18.4% | 15.8% |
| Not on AMFI's list | 0.0% | 1.7% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Parag Parikh ELSS Tax Saver | UTI - Dividend Yield |
|---|---|---|
| Banks | 20.8% | 22.6% |
| Finance | 12.6% | 1.4% |
| IT - Software | 10.6% | 10.2% |
| Automobiles | 7.0% | 8.0% |
| Pharmaceuticals & Biotechnology | 4.5% | 7.5% |
| Power | 6.6% | 4.3% |
| Consumable Fuels | 6.5% | 2.0% |
| Consumer Durables | 0.0% | 4.5% |
The six largest sectors of each fund's stocks, % of the fund.
Parag Parikh ELSS Tax Saver vs UTI - Dividend Yield: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Parag Parikh ELSS Tax Saver Fund | UTI - Dividend Yield Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.65% | 1.54% |
| Base expense ratio (Direct) | 0.54% | 1.23% |
| Total expense ratio (Regular) | 1.83% | 1.99% |
| Base expense ratio (Regular) | 1.54% | 1.64% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Parag Parikh ELSS Tax Saver with
Parag Parikh ELSS Tax Saver Fund vs UTI - Dividend Yield Fund: Frequently Asked Questions
What is the difference between Parag Parikh ELSS Tax Saver Fund and UTI - Dividend Yield Fund?
Parag Parikh ELSS Tax Saver Fund is an ELSS fund, UTI - Dividend Yield Fund is a Dividend Yield fund, run by PPFAS Mutual Fund and UTI Mutual Fund. Their portfolios overlap 40.3%. Parag Parikh ELSS Tax Saver Fund charges 0.65% a year and UTI - Dividend Yield Fund 1.54%.
Which has given higher returns, Parag Parikh ELSS Tax Saver Fund or UTI - Dividend Yield Fund?
Over 1 year: Parag Parikh ELSS Tax Saver Fund −11.32%, UTI - Dividend Yield Fund −6.51%. Over 3 years: Parag Parikh ELSS Tax Saver Fund +8.55% a year, UTI - Dividend Yield Fund +12.82% a year. Over 5 years: Parag Parikh ELSS Tax Saver Fund +10.30% a year, UTI - Dividend Yield Fund +10.06% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Parag Parikh ELSS Tax Saver Fund or UTI - Dividend Yield Fund?
Parag Parikh ELSS Tax Saver Fund charges less: 0.65% a year against 1.54%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Parag Parikh ELSS Tax Saver Fund and UTI - Dividend Yield Fund overlap?
40.3%. They hold 19 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, KOTAKBANK. From each fund's latest monthly portfolio.
Which is riskier, Parag Parikh ELSS Tax Saver Fund or UTI - Dividend Yield Fund?
On SEBI's riskometer, Parag Parikh ELSS Tax Saver Fund is rated Very High and UTI - Dividend Yield Fund Very High. Over 3 years, the standard deviation of daily returns was 11.15% and 12.51% a year.
Which is better for SIP, Parag Parikh ELSS Tax Saver Fund or UTI - Dividend Yield Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,33,921 in Parag Parikh ELSS Tax Saver Fund (XIRR 7.2% a year) and ₹7,75,540 in UTI - Dividend Yield Fund (XIRR 9.4% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Parag Parikh ELSS Tax Saver Fund and UTI - Dividend Yield Fund?
Yes. 40.3% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Parag Parikh ELSS Tax Saver Fund and UTI - Dividend Yield Fund?
Parag Parikh ELSS Tax Saver Fund: Rajeev Thakkar, Raunak Onkar, Rukun Tarachandani, Raj Mehta, Tejas Soman, Aishwarya Dhar. UTI - Dividend Yield Fund: Amit Premchandani FM 1, Not Applicable FM 2, Not Applicable FM 3, Not Applicable FM 4, Not Applicable FM 5.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.