Best tax saving ELSS mutual fund in india

8/16/2019 Best tax saving ELSS mutual fund in india

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Equity Linked Saving Schemes are a special type of equity mutual funds which give aninvestor tax deduction benefits up to Rs. 1,50,000 per year under section 80C of the

Income Tax Act. An investor can opt for either SIP’s or one-time bullet investment in ELSS.Most of the investors opt for monthly SIP rather than one time investmentFollowing are the traits of ELSSs :-

• Locked-in for three years during which it cannot be redeemed, transferred or pledged.

• Risky than other funds since invest at least 80% of the portfolio in equities.

ELSS is a very good investment tool for tax saving and wealth creation. However, oneshould carefully scrutinize various ELSS schemes before making any investments. So, Weselected these schemes based on there 5 years return (XIRR) and beta.

Introduction


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Fund Size

Expense Ratio

Past Return

Fund

9.74%

Beta

Sortino

Ratio

Rs 2,05,229Rs 1,00,000 Invested 5 years

back

Rs 99,697Rs 1,000 SIP Invested 5 years

back

Scheme Snapshot – Long term

growth, through a portfolio with atarget allocation of 80% equity, 20%

debt and money market securities.

An Equity Linked Saving Scheme

(ELSS) under Section 88 of theIncome Tax Act.

0.92

Birla Sun Life Tax Relief '96 (G)

2.60%

Rs. 1,908.73 Crore

2.45%

1 YearCAGR

3 YearCAGR

5 YearCAGR

2.40% 23.56% 15.46%

7.79% 20.63% 20.41%SIP (XIRR)

S&P BSE Sensex -3.94% 7.94%

Note: Returns and figures were as on 30th May 2016


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Fund Size

Expense Ratio

Past Return

Fund

9.74%

Beta

Sortino

Ratio

Rs. 2,52,553Rs. 1,00,000 Invested 5 years

back

Rs 1,06,520Rs. 1,000 SIP Invested 5 years

back

Scheme Snapshot – To generateincome and long-term capitalappreciation from a diversifiedportfolio of predominantlyequity and equity relatedSecurities. However, there canbe no assurance that theinvestment objective of theScheme will be achieved.

0.86

AXIS Long Term Equity Fund (G)

2.86%

Rs 6,957.75Crore

2.49%

1 YearCAGR

3 YearCAGR

5 YearCAGR

0.51% 25.83% 20.36%

5.78% 21.41% 23.15%SIP (XIRR)



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Fund Size

Expense Ratio

Past Return

Fund

9.74%

Beta

Sortino

Ratio

Rs 2,13,887Rs 1,00,000 Invested 5 years

back

Rs 97,253Rs 1,000 SIP Invested 5 years

back

Scheme Snapshot – To generate

long-term capital appreciationfrom a portfolio that is investedpredominantly in equity andequity related instruments.

1.00

Reliance Tax Saver (ELSS) Fund

1.61%

Rs. 4,278.99 Crore

2.43%

1 YearCAGR

3 YearCAGR

5 YearCAGR

-7.03% 23.48% 16.42%

0.74% 18.12% 19.39%SIP (XIRR)




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Best tax saving ELSS mutual fund in india