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This Tax Saver ELSS Fund Has Offered Good Returns Up To 28.99% In 3 Years Of SIP

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If you are looking for tax savings you could opt to invest in equity-linked savings scheme (ELSS) funds. These funds offer taxes under Section 80C of the Income Tax Act 1961. These investments have a three-year lock-in period and are eligible for a tax deduction of up to Rs 1.5 lakh. These funds are one of the finest ways to avoid taxes and build wealth over time. In this article, we have given insights into one such fund from India Bulls. The fund has given good returns on SIP.

 

Indiabulls Tax Savings Fund - Direct Plan-Growth

Indiabulls Tax Savings Fund - Direct Plan-Growth

This fund was launched on 28 December 2017. As mentioned above, it is a tax-saving ELSS Fund with 3 year Lock-In Period. The fund's Asset Under Management is Rs 42.29 Crore. And NAV declared on 28th March 2022 is Rs 13.79. The expense ratio of the fund is 0.5%. It is an open-ended small fund of its category. The fund is highly risky to invest. This fund has given average performance among peer funds but good returns on SIP. This fund is rated 3 star by CRISIL and 2 star by Value Research.

The Scheme's investment objective is to achieve long-term capital appreciation by investing in a diverse portfolio of primary equities and equity-related securities.

The minimum investment for lump sum payment is Rs 500. SIP facility is available, and starts at Rs 500. . STP in and SWP in from other schemes available. However, there is no facility for STP/SWP out of the ELSS scheme to other schemes. In addition to the above Dividend Sweep-in and Sweep-out is also available 

Absolute And Annualised Returns
 

Absolute And Annualised Returns

Lump-Sum Investment Returns

Investment TenureAbsolute ReturnsAnnualised Returns
1 Year15.49%15.40%
2 Year83.13%35.27%
3 Year42.02%12.39%
Since Inception37.90%7.86%

SIP Returns

SIP TenureAbsolute ReturnsAnnualised Returns
1 Year2.88%5.38%
2 Year23.66%21.93%
3 Year28.99%17.27%
Portfolio

Portfolio

The fund is invested in Indian equities to the tune of 84.42 percent, with 66.26 percent in large-cap stocks, 6.97 percent in mid-cap stocks, and 3.53 percent in small-cap stocks. The majority of the money in the fund is invested in the financial, technology, energy, materials, and construction industries. In comparison to other funds in the category, it has less exposure to the Financial and Technology industries. Indiabulls Nifty 50 Exchange Traded Fund - Growth's top five holdings are Reliance Industries Ltd., HDFC Bank Ltd., Infosys Ltd., and ICICI Bank Ltd.

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.

Read more about: tax saving elss mutual fund sip
Story first published: Tuesday, March 29, 2022, 18:41 [IST]
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