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This Tax Saver ELSS Fund Has Ticked 48.56% SIP Returns In 5 Years, Rated 3 Star By CRISIL
March is a month for various things to do in financial tasks. This month most of us start looking for investment opportunities that will allow us to generate a fair return while also saving money on taxes. March is also tax-reduction month. ELSS (Equity Linked Saving Scheme) is one of the best tax saver investment instruments one can opt. This one ELSS Fund is good and considerable for the investment. The has given good returns over the years.
Baroda BNP Paribas ELSS Fund - Direct Plan-Growth
Baroda BNP Paribas ELSS Fund Direct Plan-Growth Option is an equity tax saver mutual fund from the newly merged Fund house on Baroda BNP Paribas mutual fund.
This fund was launched on 01 January 2013. Baroda BNP Paribas Midcap Direct-Growth scheme has Rs 501.93 Crores worth of assets under management, and the recently declared NAV on 22 March 2022 is Rs 62.6679. It has an expense ratio of 0.71%. Currently, the fund is managed by Mr. Sanjay Chawla and Pratish Krishnan.
The minimum investment amount for lump sum payment in this is Rs 500 and for SIP is Rs 500. There is a lock-in period for Baroda BNP Paribas ELSS Fund Direct Plan-Growth Option of 3 Years. It is a medium-sized fund of its category.
It is a highly risky fund to invest in, however, the has given average performance among its peers. Also, this fund could potentially beat inflation in the long run. As the fund has 3 year lock-in period investors who are looking to invest money for at least 3 years can opt to invest in this fund also save tax.
Absolute And Annualised Returns
Lump-Sum Investment Returns
| Investment Tenure | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | 15.06% | 15.06% |
| 2 Year | 79.83% | 33.99% |
| 3 Year | 61.81% | 17.38% |
| 5 Year | 95.67% | 14.36% |
| Since Inception | 267.94% | 15.17% |
SIP Returns
| SIP Tenure | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | 3.52% | 6.61% |
| 2 Year | 25.18% | 23.28% |
| 3 Year | 34.86% | 20.44% |
| 5 Year | 48.56% | 15.84% |
Portfolio
The fund is invested in Indian equities 95.76 percent of the time, with 58.59 percent in large-cap stocks, 10.05 percent in mid-cap stocks, and 15.01 percent in small-cap stocks. The Financial, Services, Automobile, Metals & Mining, and Technology sectors account for the majority of the fund's holdings. In comparison to other funds in the category, it has less exposure to the Financial and Services industries. Trent Ltd., Jindal Steel & Power Ltd., Voltas Ltd., Gujarat Gas Ltd., and Federal Bank Ltd. are the fund's top five holdings.
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.
