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This CRISIL Rated Tax Saver Mutual Fund Has Offered Good Returns In 3 Years Lock-In Period
Many people have to compromise on one of these two areas during financial planning in order to attain different important life goals through wealth growth and also lower their income tax outgo using tax saving tools. The ELSS tax saving device effectively provides both wealth building and tax savings. One such ELSS fund we have covered her that has given good returns both on one-time and one SIP over the years.
Taurus Taxshield - Direct Plan-Growth
This is one of the 8 mutual funds from the Taurus Mutual Fund house. As mentioned, it is a tax saver ELSS (Equity Linked Saving Scheme) launched on 31 March 1996.
Its direct Plan-Growth scheme's Assets under management as of 28 February 2022 is Rs 62 Crore. The recent declared NAV of the fund on 23 March 2022 is Rs 117.76. The expense ratio of the fund is 1.92%, which is higher than its category average.
It is an open-ended small fund of its category. Currently, the fund is managed by Mr. Ankit Tikmany. It is a highly risky fund to invest. Its performance is good but slightly weak among its peers' funds. However, rating agency CRISIL has rated this fund one star.
Absolute And Annualised Returns
Lump-Sum Investment Returns
Since its inception, this fund has delivered 12.71% average annual returns, and 201.64% absolute returns.
| Investment Tenure | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | 15.69% | 15.69% |
| 2 Year | 105.69% | 43.42% |
| 3 Year | 43.93% | 12.88% |
| 5 Year | 85.65% | 13.16% |
| Since Inception | 201.64% | 12.71% |
SIP Returns
| SIP Tenure | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | 4.36% | 8.20% |
| 2 Year | 25.33% | 23.43% |
| 3 Year | 31.19% | 18.46% |
| 5 Year | 41.18% | 13.77% |
Portfolio
The fund is invested in Indian equities to the tune of 98.34 percent, with 48.95 percent in large-cap stocks, 20.91 percent in mid-cap stocks, and 17.92 percent in small-cap stocks. The financial, construction, energy, automobile, and services 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 Construction industries. ICICI Bank Ltd., Reliance Industries Ltd., Housing Development Finance Corpn. Ltd., Infosys Ltd., and Larsen & Toubro 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.
