A color wheel includes a carrier, a color filter assembly mounted coaxially on the central boss and formed by a plurality of annularly arranged filter segments, a press cover connected to the carrier to press the filter segments against the carrier, and a limiting element. The color filter assembly defines inner and outer peripheries, upper and lower surfaces extending between the inner and outer peripheries, and an engaging element projecting axially from one of the upper and lower surfaces. The limiting element projects axially toward the engaging element from one of the carrier and the press cover to engage the engaging element so as to prevent the color filter assembly from displacing radially from an axis of the carrier due to a centrifugal force.