These 2 CRISIL Rated 4 Star ELSS SIP Offered More Than 51% Returns In 3 Years

Mutual funds are one of the more intriguing investment alternatives, but many also want to avoid taxes, so they select Equity Linked Saving Scheme (ELSS) funds, which are a modified form of mutual funds. These two ELSS funds have performed well in long-term investment, and also, outperformed the category average. Check out the details here.

Canara Robeco Equity Tax Saver - Direct Plan-Growth

NAV	Fund Size	Expense Ratio
Rs 121.18	Rs 3208.77 Cr	0.73%

NAV as on 22 February 2022

Canara Robeco Equity Tax Saver Direct-Growth is an Open-ended ELSS mutual fund scheme from Canara Robeco Mutual Fund company. It is a medium-sized fund of its category launched on 02 January 2013. Under the Direct-Growth scheme of the fund, it has Rs 3,209 Cr of AUM (asset under management) as of 31 January 2022. The fund's expense ratio is less than its category average expense ratio and what most other ELSS funds charge. Shridatta Bhandwaldar and Vishal Mishra are the fund managers.

 

The fund invests 96.61% of its assets in Indian equities, with 65.61% in large caps, 12.61% in mid-caps, and 6.07% in small caps. The fund has the majority of its money invested in the Financial, Technology, Automobile, Construction, Energy sectors. It has taken less exposure in the Financial, Technology sectors compared to other funds in the category.

Returns

Canara Robeco Equity Tax Saver Direct-Growth scheme return performance in last 1 year is 21.05%, in last 3 years, the has offered is 94.29% absolute returns and 302.73% absolute returns since scheme launch. The fund has given good returns on more than 2 years of investment compared to its category average returns in the same investment period. The minimum SIP amount to invest in this scheme is Rs 500.

Lump-Sum Investment Returns

1-Year	2-Year	3-Year	5-Year	Since Inception
21.05%	25.03%	24.76%	19.24%	16.45%

SIP Investment Returns

Period Invested	Absolute Returns	Annualised Returns
1 Year	7.65%	14.35%
2 Year	38.44%	34.62%
3 Year	52.06%	29.10%
5 Year	73.22%	22.09%

 

Mirae Asset Tax Saver Fund - Direct Plan-Growth

NAV	Fund Size	Expense Ratio
Rs 32.831	Rs 10971.85 Cr	0.47%

NAV as on 22 February 2022

Mirae Asset Tax Saver Fund Direct-Growth is an open-ended ELSS mutual fund scheme from the house of Mirae Asset Mutual Fund. It is a medium-sized tax saver fund of its category and was launched on 28 December 2015. As of 31 January 2022, Mirae Asset Tax Saver Fund Direct-Growth has an AUM of Rs 10,972 Cr. The fund's expense ratio is less than the category average expense ratio, as a result, it is also less than what most other ELSS funds charge. The fund is managed by Neelesh Sureana.

The fund has 99.2% investment in Indian stocks of which 61.79% is in large-cap stocks, 12.73% is in mid-cap stocks, 6.23% in small-cap stocks. The fund has the majority of its money invested in the Financial, Technology, Energy, Automobile, Construction sectors. It has taken less exposure in the Financial, Technology sectors compared to other funds in the category.

Returns

Mirae Asset Tax Saver Fund Direct-Growth scheme return performance in last 1 year is 21.44% annualized returns. In the last 3 years, the fund has given 93.26% absolute returns on lump-sum investment. Since its launch, the fund has given 228.31% absolute returns. The fund has outperformed its category average returns on more than 2 years of investments. The minimum SIP amount to invest in this scheme is Rs 500.

Lump Sum Investment Returns

1-Year	2-Year	3-Year	5-Year	Since Inception
21.44%	26.55%	24.54%	20.12%	21.29%

SIP investment Returns

Period Invested for	Absolute Returns	Annualised Returns
1 Year	6.60%	12.34%
2 Year	39.94%	35.88%
3 Year	51.96%	29.05%
5 Year	73.05%	22.05%

Disclaimer

Mutual fund investments are subject to market risk. Read all scheme-related documents, and Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.