3 Tax Saving Funds Have Given Returns Above 24.5% In 3 Years

In three 3 years IDFC Tax Advantage Fund, Parag Parikh Tax Saver Fund and Quant Tax Plan has given returns above 24.5%. All 3 schemes have given higher returns than the S&P BSE 500 TRI (benchmark) return of 17.58% over the same period on annualised basis. All the three schemes have been ranked 1 by Crisil rating agency. Check the details below.

IDFC Tax Advantage Fund

IDFC Tax Advantage Fund is an equity linked saving scheme that has given annualised return of 24.73%. In one year the scheme has given annualised return of 7.56 % and in 5 year 12.33%. However in one year, 3 years and 5-year the scheme has given has given absolute returns of 6.26%, 88.13% and 70.10% respectively. It has 92.77% exposure to equity, 7.19% to cash and equivalents and 0.04 % to debt instruments. Financial (25.50%), Automobile (10.93%) and Technology(9.99%) are its top 3 sector holdings in its portfolio among the 15 sector investments it has done. ICICI Bank, Infosys, State Bank of India, HDFC Bank and Reliance are its top five stocks having combined weightage of 25.59%.

Parag Parikh Tax Saver Fund
Parag Parikh Tax Saver Fund has given annualised return of 25.66%. In one year the scheme has given annualised return of 12.67 %, the scheme has not completed 5 years yet. In one year and 3 years the scheme has given has given absolute returns of 10.38% and 90.67% respectively. It has 81.08% exposure to equity, 18.93% to debt and negative cash holding of 0.01%. Financial (28.9%), Automobile (10.66%) and Technology(14.92%) are its top 3 sector holdings in its portfolio among the 9 sector investments it has done. Housing development Finance, Bajaj Holdings, ICICI Bank, Axis Bank and ITC are its top five stocks having combined weightage of 31.73%.

Quant Tax Plan
Quant Tax Plan has given the highest annualised return of 39.03% in three years. In one year the scheme has given annualised return of 9.27% and in 5 year 21.31%. However in one year, 3 years and 5-year the scheme has given has given absolute returns of 7.21%, 153.90% and 143.90%% respectively. It has 98.01% exposure to equity and 1.99% to cash and equivalents. Financial (22.08%), Consumer Staples (17.06) and Energy (14.88%) are its top 3 sector holdings in its portfolio among the 15 sector investments it has done. ITC, State Bank of India, HDFC Bank, Reliance and Ambuja Cements are its top five stocks having combined weightage of 33.95%.

Equity linked savings schemes (ELSS) are popularly known as Tax saving mutual funds that come in with a mandatory lock-in period of 3-years. So if you choose to invest in such a scheme beware to choose carefully, else you would end up with losses. Note that ELSS are extremely risky funds as they have high equity proportion in the portfolio. So, please note the investment risk is extremely high. We are merely sharing the facts about the funds and not providing any recommendations.

Disclaimer

Mutual fund investments are subject to market risk. The above-mentioned information is purely informational and doesn't guarantee any return. Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.