COMPARE
Parag Parikh ELSS Tax Saver Fund- Direct Growth vs Sundaram Long Term Micro Cap Tax Advantage Fund Series III Direct Plan - Growth
Parag Parikh ELSS Tax Saver Fund- Direct Growth and Sundaram Long Term Micro Cap Tax Advantage Fund Series III are both in the ELSS category, from PPFAS Asset Management Pvt. Ltd. and Sundaram Asset Management Company Ltd respectively. Parag Parikh ELSS Tax Saver Fund- Direct Growth has posted a higher 3-year rolling CAGR. Parag Parikh ELSS Tax Saver Fund- Direct Growth has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Parag Parikh ELSS Tax Saver Fund- Direct Growth has the lower direct-plan expense ratio, by 0.39 percentage points.
| Parag Parikh ELSS Tax Saver Fund- Direct Growth | Sundaram Long Term Micro Cap Tax Advantage Fund Series III Direct Plan - Growth | |
|---|---|---|
| Category | ELSS | ELSS |
| AMC | PPFAS Asset Management Pvt. Ltd. | Sundaram Asset Management Company Ltd |
| Benchmark | Nifty 500 TRI | NIFTY Smallcap 100 TRI |
| NAV | ₹30.54 (2026-10-28) | ₹33.9936 (2026-10-28) |
| AUM | ₹5,423.16 Cr | ₹70.11 Cr |
| Expense Ratio (Direct) | 0.65% | 1.04% |
| Inception | 2019-07-04 | 2016-08-08 |
Returns
Parag Parikh ELSS Tax Saver Fund- Direct Growth leads on 3-year rolling CAGR (22.5% vs Sundaram Long Term Micro Cap Tax Advantage Fund Series III's 19.7%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
Risk metrics aren't shown for debt funds. Their NAV starts near Rs 10 and compounds steadily, so CAGR, beta and drawdown measure the arithmetic rather than the manager.
Portfolio Analytics
Sundaram Long Term Micro Cap Tax Advantage Fund Series III carries the higher portfolio P/E ratio (a rougher proxy for how richly the underlying holdings are valued) - see the table below for the full comparison.
| Parag Parikh ELSS Tax Saver Fund- Direct Growth | Sundaram Long Term Micro Cap Tax Advantage Fund Series III Direct Plan - Growth | |
|---|---|---|
| P/E Ratio | 17.8397 | 24.4326 |
| P/B Ratio | - | 6.1101 |
| Dividend Yield | 2.2993% | 0.6817% |
| Active Share | 72.69% | - |
| Portfolio Turnover | 20.14% | - |
| YTM | 5.84% | - |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
Parag Parikh ELSS Tax Saver Fund- Direct Growth has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, Parag Parikh ELSS Tax Saver Fund- Direct Growth or Sundaram Long Term Micro Cap Tax Advantage Fund Series III?
Parag Parikh ELSS Tax Saver Fund- Direct Growth's 3-year rolling CAGR of 22.5% is higher than Sundaram Long Term Micro Cap Tax Advantage Fund Series III's 19.7%. Parag Parikh ELSS Tax Saver Fund- Direct Growth sits in the 96th percentile of its category on this metric, versus the 71st percentile for Sundaram Long Term Micro Cap Tax Advantage Fund Series III - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, Parag Parikh ELSS Tax Saver Fund- Direct Growth or Sundaram Long Term Micro Cap Tax Advantage Fund Series III?
Parag Parikh ELSS Tax Saver Fund- Direct Growth's direct-plan expense ratio is 0.39 percentage points lower than Sundaram Long Term Micro Cap Tax Advantage Fund Series III's. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Why don't Parag Parikh ELSS Tax Saver Fund- Direct Growth and Sundaram Long Term Micro Cap Tax Advantage Fund Series III show risk metrics like Sharpe ratio or alpha?
Risk metrics aren't shown for debt funds. Their NAV starts near Rs 10 and compounds steadily, so CAGR, beta and drawdown measure the arithmetic rather than the manager. This is a deliberate methodology choice, not missing data - risk metrics like alpha and Sharpe ratio are most meaningful for actively-managed funds where a manager makes decisions that can add or subtract value versus a benchmark. For a fund that mechanically tracks an index, the equivalent useful metric is tracking error (how closely it follows its index), not alpha.
Which has higher AUM, Parag Parikh ELSS Tax Saver Fund- Direct Growth or Sundaram Long Term Micro Cap Tax Advantage Fund Series III?
Parag Parikh ELSS Tax Saver Fund- Direct Growth has ₹5,423 Cr in assets under management, versus ₹70 Cr for Sundaram Long Term Micro Cap Tax Advantage Fund Series III. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which fund has a longer track record, Parag Parikh ELSS Tax Saver Fund- Direct Growth or Sundaram Long Term Micro Cap Tax Advantage Fund Series III?
Sundaram Long Term Micro Cap Tax Advantage Fund Series III launched on 2016-08-08, making it older than Parag Parikh ELSS Tax Saver Fund- Direct Growth (launched 2019-07-04). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.