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4 Best Performing Equity Savings Funds 2023
Equity savings funds fall under the hybrid category of Mutual Funds. This is the latest type of Asset Allocation mutual funds introduced in late 2014. Equity savings funds invest in arbitrage, equity and debt. This fund will invest at least 65 percent of its total assets in equities (most of it in arbitrage) and rest in debt instruments, but the minimum investment in debt should be 10 percent. Equity savings funds are getting popular amongst investors who want to invest in equities yet at the same time want to be safe. So, let’s learn about this fund, along with some of the best performing equity savings funds to invest.
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An Overview About Equity Savings Funds
Equity savings funds seek to generate stable Income by Investing in debt instruments and aims for potentially higher returns through equity investments. Thus, these funds act as a balancing equation between both risk and return.
Ideally, arbitrage takes advantage of the difference in prices of shares in the cash and derivatives Market. Use of derivatives reduces net equity exposure (i.e., ideally 20-40 percent, though this may vary fund to fund) and usually protects investor from unstable returns.
Since, equity savings funds have 65 percent of equity exposure (without considering derivatives), they are treated under Equity Mutual Funds taxation. Equity savings funds are considered to be an ideal investment option for conservative investors who want to invest for a short-term i.e., for 1-3 years.
Investors planning to invest in these funds should take a SIP route as this eliminates the worry of timing the market. Post-retirement you can use SWP (Systematic Withdrawal Plan) option to enable pre-determine withdrawals at a periodic interval.
Top 4 Best Equity Savings Funds FY 23 - 24
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2022 (%) Principal Equity Savings Fund Growth ₹56.5788
↑ 0.00 ₹539 5.8 9.8 11.1 13.7 9.8 4.1 HDFC Equity Savings Fund Growth ₹53.964
↑ 0.06 ₹2,844 4.4 7.5 9.8 12.9 8.6 6 SBI Equity Savings Fund Growth ₹19.5138
↑ 0.06 ₹2,447 6.7 11.2 12.7 12.5 8.7 1.9 L&T Equity Savings Fund Growth ₹25.6587
↑ 0.09 ₹160 4.2 9.2 10.8 12.4 7.8 2 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Aug 23 Equity Savings funds having AUM/Net Assets above 100 Crore. Sorted on Last 3 Year Return.
The investment objective of the Scheme is to provide capital
appreciation and income distribution to the investors by using
equity and equity related instruments, arbitrage opportunities, and
investments in debt and money market instruments Principal Equity Savings Fund is a Hybrid - Equity Savings fund was launched on 23 May 02. It is a fund with Moderately High risk and has given a Below is the key information for Principal Equity Savings Fund Returns up to 1 year are on The investment objective of the scheme is to provide capital
appreciation and income distribution to the investors using arbitrage
opportunities, investment in equity / equity related instruments and
debt / money market instruments. HDFC Equity Savings Fund is a Hybrid - Equity Savings fund was launched on 17 Sep 04. It is a fund with Moderately High risk and has given a Below is the key information for HDFC Equity Savings Fund Returns up to 1 year are on The scheme aims to generate income by investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and capital appreciation
through a moderate exposure in equity. SBI Equity Savings Fund is a Hybrid - Equity Savings fund was launched on 27 May 15. It is a fund with Moderately High risk and has given a Below is the key information for SBI Equity Savings Fund Returns up to 1 year are on To generate regular income by predominantly investing in arbitrage opportunities in the cash and derivatives segments of the equity markets and debt and money market instruments and to generate long-term capital appreciation through unhedged exposure to equity and equity related instruments. L&T Equity Savings Fund is a Hybrid - Equity Savings fund was launched on 18 Oct 11. It is a fund with Moderately High risk and has given a Below is the key information for L&T Equity Savings Fund Returns up to 1 year are on 1. Principal Equity Savings Fund
CAGR/Annualized return of 8.5% since its launch. Ranked 38 in Equity Savings category. Return for 2022 was 4.1% , 2021 was 18.2% and 2020 was 14.6% . Principal Equity Savings Fund
Growth Launch Date 23 May 02 NAV (22 Aug 23) ₹56.5788 ↑ 0.00 (0.00 %) Net Assets (Cr) ₹539 on 31 Jul 23 Category Hybrid - Equity Savings AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆ Risk Moderately High Expense Ratio 2.36 Sharpe Ratio 0.95 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹10,058 31 Aug 20 ₹10,750 31 Aug 21 ₹13,502 31 Aug 22 ₹14,463 31 Aug 23 ₹15,913 Returns for Principal Equity Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23 Duration Returns 1 Month 0.7% 3 Month 5.8% 6 Month 9.8% 1 Year 11.1% 3 Year 13.7% 5 Year 9.8% 10 Year 15 Year Since launch 8.5% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.1% 2021 18.2% 2020 14.6% 2019 5.1% 2018 1.6% 2017 15% 2016 5.5% 2015 3.6% 2014 12.8% 2013 1.2% Fund Manager information for Principal Equity Savings Fund
Name Since Tenure Dwijendra Srivastava 1 Jan 22 1.66 Yr. Sudhir Kedia 29 Oct 19 3.84 Yr. Rohit Seksaria 1 Jan 22 1.66 Yr. Data below for Principal Equity Savings Fund as on 31 Jul 23
Asset Allocation
Asset Class Value Cash 45.7% Equity 43.2% Debt 11.11% Equity Sector Allocation
Sector Value Financial Services 24.92% Technology 9.86% Consumer Cyclical 9.34% Industrials 7.24% Health Care 5.59% Consumer Defensive 5.13% Basic Materials 4.08% Energy 2.88% Communication Services 0.59% Debt Sector Allocation
Sector Value Cash Equivalent 45.7% Government 6.88% Corporate 4.23% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | HDFCBANK8% ₹44 Cr 280,663 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | ICICIBANK5% ₹29 Cr 302,700 Hdfc Bank Limited September 2023
Derivatives | -4% -₹25 Cr 156,200
↑ 156,200 Infosys Ltd (Technology)
Equity, Since 30 Jun 21 | INFY4% ₹24 Cr 165,900 Tech Mahindra Ltd (Technology)
Equity, Since 31 Dec 21 | 5327553% ₹19 Cr 160,600 Future on ICICI Bank Ltd
Derivatives | -3% -₹19 Cr 196,700 Infosys Limited September 2023
Derivatives | -3% -₹18 Cr 127,600
↑ 127,600 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Apr 20 | HINDUNILVR3% ₹18 Cr 72,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE3% ₹17 Cr 69,250
↑ 33,250 State Bank of India (Financial Services)
Equity, Since 30 Jun 16 | SBIN3% ₹16 Cr 293,500 2. HDFC Equity Savings Fund
CAGR/Annualized return of 9.3% since its launch. Ranked 12 in Equity Savings category. Return for 2022 was 6% , 2021 was 16.8% and 2020 was 8.8% . HDFC Equity Savings Fund
Growth Launch Date 17 Sep 04 NAV (22 Aug 23) ₹53.964 ↑ 0.06 (0.11 %) Net Assets (Cr) ₹2,844 on 31 Jul 23 Category Hybrid - Equity Savings AMC HDFC Asset Management Company Limited Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.09 Sharpe Ratio 1.08 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 300 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹10,063 31 Aug 20 ₹10,354 31 Aug 21 ₹13,065 31 Aug 22 ₹13,778 31 Aug 23 ₹15,034 Returns for HDFC Equity Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23 Duration Returns 1 Month 0.5% 3 Month 4.4% 6 Month 7.5% 1 Year 9.8% 3 Year 12.9% 5 Year 8.6% 10 Year 15 Year Since launch 9.3% Historical performance (Yearly) on absolute basis
Year Returns 2022 6% 2021 16.8% 2020 8.8% 2019 5.8% 2018 0.9% 2017 16.5% 2016 14.1% 2015 2% 2014 15.7% 2013 6.8% Fund Manager information for HDFC Equity Savings Fund
Name Since Tenure Anil Bamboli 17 Sep 04 18.97 Yr. Arun Agarwal 17 Sep 04 18.97 Yr. Srinivasan Ramamurthy 14 Dec 21 1.71 Yr. Nirman Morakhia 15 Feb 23 0.54 Yr. Dhruv Muchhal 22 Jun 23 0.19 Yr. Data below for HDFC Equity Savings Fund as on 31 Jul 23
Asset Allocation
Asset Class Value Cash 36.38% Equity 36.99% Debt 26.63% Equity Sector Allocation
Sector Value Financial Services 18.28% Consumer Cyclical 10.45% Industrials 9.11% Health Care 6.43% Basic Materials 5.59% Consumer Defensive 5.03% Energy 3.61% Technology 2.74% Utility 2.65% Communication Services 1.88% Debt Sector Allocation
Sector Value Cash Equivalent 36.38% Government 13.25% Corporate 11.52% Securitized 1.86% Credit Quality
Rating Value AA 19.87% AAA 80.13% Top Securities Holdings / Portfolio
Name Holding Value Quantity State Bank of India (Financial Services)
Equity, Since 30 Sep 12 | SBIN5% ₹137 Cr 2,441,500 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 17 | HDFCBANK4% ₹128 Cr 815,450
↑ 247,500 7.1% Govt Stock 2029
Sovereign Bonds | -4% ₹110 Cr 11,000,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 12 | ICICIBANK4% ₹109 Cr 1,134,300
↑ 5,600 Future on Titan Co Ltd
Derivatives | -4% -₹108 Cr Titan Co Ltd (Consumer Cyclical)
Equity, Since 31 Jul 17 | TITAN4% ₹108 Cr 346,875 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 20 | MARUTI3% ₹99 Cr 99,400 Future on Maruti Suzuki India Ltd
Derivatives | -3% -₹86 Cr Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 15 | LT2% ₹74 Cr 273,100 Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 16 | 5322152% ₹63 Cr 650,000 3. SBI Equity Savings Fund
CAGR/Annualized return of 8.5% since its launch. Return for 2022 was 1.9% , 2021 was 13.2% and 2020 was 11.9% . SBI Equity Savings Fund
Growth Launch Date 27 May 15 NAV (22 Aug 23) ₹19.5138 ↑ 0.06 (0.31 %) Net Assets (Cr) ₹2,447 on 31 Jul 23 Category Hybrid - Equity Savings AMC SBI Funds Management Private Limited Rating Risk Moderately High Expense Ratio 1.19 Sharpe Ratio 1.24 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 500 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹10,022 31 Aug 20 ₹10,657 31 Aug 21 ₹13,182 31 Aug 22 ₹13,584 31 Aug 23 ₹15,374 Returns for SBI Equity Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23 Duration Returns 1 Month 1.4% 3 Month 6.7% 6 Month 11.2% 1 Year 12.7% 3 Year 12.5% 5 Year 8.7% 10 Year 15 Year Since launch 8.5% Historical performance (Yearly) on absolute basis
Year Returns 2022 1.9% 2021 13.2% 2020 11.9% 2019 9.4% 2018 -0.5% 2017 14.6% 2016 6.2% 2015 2014 2013 Fund Manager information for SBI Equity Savings Fund
Name Since Tenure Neeraj Kumar 27 May 15 8.27 Yr. Nidhi Chawla 1 Jan 22 1.66 Yr. Mansi Sajeja 1 Jul 21 2.17 Yr. Data below for SBI Equity Savings Fund as on 31 Jul 23
Asset Allocation
Asset Class Value Cash 39.43% Equity 38.68% Debt 21.88% Equity Sector Allocation
Sector Value Financial Services 21.46% Industrials 14.64% Consumer Cyclical 12.01% Basic Materials 5.57% Consumer Defensive 3.07% Communication Services 3% Technology 2.64% Health Care 2.19% Energy 1.97% Real Estate 0.71% Utility 0.16% Debt Sector Allocation
Sector Value Cash Equivalent 36.83% Corporate 17.02% Government 7.47% Credit Quality
Rating Value AA 38.48% AAA 61.52% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 29 Feb 16 | ICICIBANK6% ₹170 Cr 1,771,000 7.38% Govt Stock 2027
Sovereign Bonds | -6% ₹161 Cr 16,000,000 Future on HDFC Bank Ltd
Derivatives | -4% -₹123 Cr 779,350
↑ 259,050 HDFC Bank Ltd (Financial Services)
Equity, Since 31 May 15 | HDFCBANK4% ₹122 Cr 779,350
↑ 259,050 Future on ICICI Bank Ltd
Derivatives | -4% -₹100 Cr 1,036,000
↑ 1,036,000 Future on Kotak Mahindra Bank Ltd
Derivatives | -2% -₹60 Cr 337,200
↑ 113,200 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Dec 22 | KOTAKBANK2% ₹59 Cr 337,200
↑ 113,200 Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 16 | LT2% ₹59 Cr 219,400 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 May 15 | MARUTI2% ₹58 Cr 58,106 Cholamandalam Investment And Fin. Co. Ltd
Debentures | -2% ₹50 Cr 500 4. L&T Equity Savings Fund
CAGR/Annualized return of 8.3% since its launch. Ranked 46 in Equity Savings category. Return for 2022 was 2% , 2021 was 16.1% and 2020 was 10.8% . L&T Equity Savings Fund
Growth Launch Date 18 Oct 11 NAV (22 Aug 23) ₹25.6587 ↑ 0.09 (0.35 %) Net Assets (Cr) ₹160 on 31 Jul 23 Category Hybrid - Equity Savings AMC L&T Investment Management Ltd Rating ☆☆ Risk Moderately High Expense Ratio 1.56 Sharpe Ratio 1.27 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹9,680 31 Aug 20 ₹10,150 31 Aug 21 ₹12,817 31 Aug 22 ₹13,217 31 Aug 23 ₹14,664 Returns for L&T Equity Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23 Duration Returns 1 Month 0.6% 3 Month 4.2% 6 Month 9.2% 1 Year 10.8% 3 Year 12.4% 5 Year 7.8% 10 Year 15 Year Since launch 8.3% Historical performance (Yearly) on absolute basis
Year Returns 2022 2% 2021 16.1% 2020 10.8% 2019 3.7% 2018 -0.6% 2017 13.8% 2016 4.6% 2015 5.1% 2014 21.2% 2013 3.5% Fund Manager information for L&T Equity Savings Fund
Name Since Tenure Mahesh Chhabria 15 Jul 23 0.13 Yr. Cheenu Gupta 2 Jul 21 2.17 Yr. Data below for L&T Equity Savings Fund as on 31 Jul 23
Asset Allocation
Asset Class Value Cash 11.43% Equity 72.67% Debt 15.89% Equity Sector Allocation
Sector Value Consumer Cyclical 14.44% Financial Services 13.8% Industrials 13.58% Basic Materials 11.48% Consumer Defensive 8.65% Technology 8.54% Communication Services 1.16% Health Care 0.68% Energy 0.34% Debt Sector Allocation
Sector Value Government 15.89% Corporate 6.16% Cash Equivalent 5.27% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 5.22% Govt Stock 2025
Sovereign Bonds | -9% ₹15 Cr 1,499,000 United Spirits Ltd (Consumer Defensive)
Equity, Since 31 Mar 22 | MCDOWELL-N7% ₹11 Cr 114,100 6.18% Govt Stock 2024
Sovereign Bonds | -6% ₹10 Cr 1,000,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Aug 21 | 5000343% ₹5 Cr 7,500 Pidilite Industries Ltd (Basic Materials)
Equity, Since 31 May 23 | PIDILITIND3% ₹5 Cr 21,250 Ambuja Cements Ltd (Basic Materials)
Equity, Since 30 Apr 22 | 5004253% ₹5 Cr 120,600 Bosch Ltd (Consumer Cyclical)
Equity, Since 31 Jul 23 | 5005303% ₹5 Cr 2,600
↓ -550 Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 30 Sep 21 | 5008503% ₹4 Cr 103,888 Bharat Forge Ltd (Consumer Cyclical)
Equity, Since 31 Aug 23 | 5004933% ₹4 Cr 38,000
↑ 38,000 National Aluminium Co Ltd (Basic Materials)
Equity, Since 30 Nov 21 | 5322343% ₹4 Cr 420,000
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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