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Best Rated ELSS Tax Savings Mutual Fund SIPs, Gained Upto 65% In 3 Years: Crisil
ELSS or Equity Linked Savings Schemes are beneficial for investors who are interested in the equity markets, however, come under the taxation slab, as fixed by the government. By investing in the ELSS, one can get tax benefits with good returns, as the stock markets perform. However, these schemes will have a lock-in period of three years. So, one must check the portfolio and previous returns of the funds to get some security. However, the volatility of the stock markets will always impact your returns from the funds. One must note that the mutual fund option than the SIP option can fetch absolute and annualized returns for the funds.
Here two ELSS funds have been mentioned those are rated 5 star by reputed rating agency Crisil, considering their return, Expense Ratio (ER), invested stocks, further potential, etc.
Quant Tax Plan - Direct Plan-Growth
In the last 1 year SIP return (absolute return) stood at -7.18%, in the last 2 years it has fetched 28.07% returns, in the last 3 years it has given 64.94% returns, in the last 5 years, it has fetched 92.53% returns. Annualized return from its SIP was 25.8% in the past 2 years, and 35.34% in the past 3 years. However, this fund's annualized return has fallen by 13.02% in the past 1 year, as the stock markets were quite bearish.
In the last 1 year its mutual fund return stood at 6.03%, in the last 2 years it has fetched 131.42% returns, in the last 3 years it has given 127.53% returns, in the last 5 years it has given 148.83% returns. In the past 2 years, its annualized returns stood at 52.13%, much higher than the category average at 30.89%. Additionally, in the past 3 years, its annualized return has been quoted at 31.49%, higher than the category average of 14.21%.
Quant Tax Plan - NAV and AUM
Quant Tax Plan is an ELSS investment that has a NAV of Rs. 209.71, and the size - Of assets Under Management (AUM) of this fund is Rs. 1358.81 crore. Additionally, the Expense Ratio (ER) of this fund is 0.57%, while the category average is 1.09%, which is quite profitable for the investors.
Top 10 equity investments in this fund are, ITC Limited - Cigarettes, State Bank Of India, ICICI Bank Ltd., Ruchi Soya Industries Ltd. - Consumer food, Adani Enterprises Ltd. - Trading, Larsen & Toubro Ltd. - Engineering, designing, construction, Coal India Ltd., Adani Ports and Special Economic Zone Ltd., Vedanta Ltd. - Copper, and Ambuja Cements Ltd.
This above-mentioned fund has been best rated with 5 Star by rating agency Crisil.
(Data till June 20, 2022)
IDFC Tax Advantage (ELSS) Fund - Direct Plan-Growth
In the last 1 year SIP return (absolute return) stood at -8.97%, in the last 2 years it has fetched 15.89% returns, in the last 3 years it has given 34.64% returns, and in the last 5 years it has ticked 44.76% returns. Annualized return from its SIP was 14.88% in the past 2 years, and 20.30% in the past 3 years. However, this fund's annualized return has fallen by 16.17% in the past 1 year, due to a bearish market trend.
In the last 1 year its mutual fund return stood at 0.99%, in the last 2 years it has fetched 84.76% returns, in the last 3 years it has given 53.60% returns. In the past 2 years, its annualized returns stood at 35.87%, quoted marginally higher than the category average at 30.89%. Additionally, in the past 3 years, its annualized return has been quoted at 15.36%, while the category average was 14.21%.
IDFC Tax Advantage (ELSS) Fund - NAV and AUM
IDFC Tax Advantage (ELSS) Fund is a tax savings investment that has a NAV of Rs. 93.08, and the size - Of assets Under Management (AUM) of this fund is Rs. 3569.52 crore. However, the Expense Ratio (ER) of this fund is 0.77%, but the category average is 1.09%, much more profitable for investors. Additionally, the large fund size is also good for the high liquidity of the fund.
Top 10 equity investments in this fund are, ICICI Bank Ltd., Infosys Ltd., State Bank Of India, HDFC Bank Ltd., Reliance Industries Ltd., Tata Motors Ltd., VRL Logistic Ltd., Bharti Airtel Ltd., Greenpanel Industries Ltd. - Plywood boards, and Mahindra & Mahindra Ltd. - passenger/utility vehicles.
This above-mentioned fund has been best rated with 5 Star by rating agency Crisil.
(Data till June 20, 2022)
Disclaimer
Investing in equities/mutual funds/SIPs/ELSS/debts poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, and the author are not liable for any losses caused as a result of decisions based on the article.
