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Watch: Neil Parikh of PPFAS Mutual Fund speaks on NFO of Parag Parikh Tax Saver Fund

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Parag Parikh Tax Saver Fund is an open-ended equity linked savings scheme (ELSS). It has a statutory lock-in period of three years. The new fund offer will close on July 18. The scheme will reopen for investment on July 26. The minimum initial investment in the scheme will be Rs 500 and in multiples of Rs 500 thereafter. It will be benchmarked against Nifty 500 TRI and will be managed by Rajeev Thakkar, Raunak Onkar and Raj Mehta.

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