This ELSS Tax Saver Fund Delivered 48.28% SIP Returns In 3-Years, SIP Starts At Rs 500

Regularly investing in mutual funds is a smart way to grow your money over time. However, we are frequently perplexed as to which fund to invest in. One mutual fund category that comes lock-in period and also offers tax benefits is Equity-Linked Saving Scheme or ELSS which offers a good capital gain to the investments.

PGIM India ELSS Tax Saver Fund - Direct Plan-Growth

This ELSS fund is an open-ended scheme launched on 11th December 2015 from the PGIM India Mutual Fund. The Asset Under Management or AUM of this fund is worth Rs 384.24 crore. The Net Asset Value or NAV of this fund as on 27th April 2022 is Rs 25.73. The fund has an expense ratio of 0.94%, which is less than the category average expense ratio. It is a medium-sized fund of its category.

This is a highly risky fund for investment. It is rated 4-star by the CRISIL. Its benchmark is NIFTY 500. For investment in this fund, the minimum investment required is Rs 5,000. The minimum additional investment amount is Rs 1,000. For SIP, the minimum required amount is Rs 500. As this is a tax saver ELSS fund, it comes with 3 year lock-in period. It has Rs zero exit load. This fund has offered above average performance among its peer funds.

 

Absolute And Annualised Returns

Lump-Sum Returns

Since its launch, it has delivered 15.96% average annual returns. 

Tenure	Absolute Returns	Annualised Returns
1 Year	26.25%	26.25%
2 Year	106.50%	43.70%
3 Year	70.62%	19.46%
5 Year	101.96%	15.09%
Since Inception	157.30%	15.96%

SIP Returns

Tenure	Absolute Returns	Annualised Returns
1 Year	7.45%	14.10%
2 Year	35.50%	32.30%
3 Year	48.28%	27.33%
5 Year	62.50%	19.50%

Portfolio

The fund has 95% investment in equities of which 64.07% is in large-cap stocks, 9.18% is in mid-cap stocks, and 8.9% in small-cap stocks.

The fund has the majority of its money invested in the Financial, Technology, Energy, Healthcare, and Automobile sectors.

The fund's top holdings are Infosys Ltd., ICICI Bank Ltd., Bharti Airtel Ltd., Larsen & Toubro Ltd., and Reliance Industries Ltd.

Disclaimers

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.