+91-22-48913909
Table of Contents
4 Best Performing Equity Savings Funds 2024
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.
Talk to our investment specialist
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 24 - 25
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) L&T Equity Savings Fund Growth ₹29.6785
↑ 0.18 ₹230 7.7 14.1 24.3 13.2 10.8 17 Principal Equity Savings Fund Growth ₹63.0455
↑ 0.15 ₹742 5.5 11.1 21.5 13 12 15.3 HDFC Equity Savings Fund Growth ₹60.234
↑ 0.08 ₹3,994 3.9 11.1 18.7 12.3 10.5 13.8 Kotak Equity Savings Fund Growth ₹23.5793
↑ 0.02 ₹4,813 4.7 11.2 19.4 12.2 10.6 15.7 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 23 Apr 24 Equity Savings funds having AUM/Net Assets above 100 Crore. Sorted on Last 3 Year Return.
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 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 investment objective of the scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and enhance returns with a moderate exposure in equity & equity related instruments.There is no assurance or guarantee that the investment objective of the scheme will be achieved. Kotak Equity Savings Fund is a Hybrid - Equity Savings fund was launched on 13 Oct 14. It is a fund with Moderately High risk and has given a Below is the key information for Kotak Equity Savings Fund Returns up to 1 year are on 1. L&T Equity Savings Fund
CAGR/Annualized return of 9.1% since its launch. Ranked 46 in Equity Savings category. Return for 2023 was 17% , 2022 was 2% and 2021 was 16.1% . L&T Equity Savings Fund
Growth Launch Date 18 Oct 11 NAV (23 Apr 24) ₹29.6785 ↑ 0.18 (0.61 %) Net Assets (Cr) ₹230 on 31 Mar 24 Category Hybrid - Equity Savings AMC L&T Investment Management Ltd Rating ☆☆ Risk Moderately High Expense Ratio 1.56 Sharpe Ratio 2.97 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 Mar 19 ₹10,000 31 Mar 20 ₹8,651 31 Mar 21 ₹11,560 31 Mar 22 ₹13,054 31 Mar 23 ₹13,287 31 Mar 24 ₹16,052 Returns for L&T Equity Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Apr 24 Duration Returns 1 Month 4.8% 3 Month 7.7% 6 Month 14.1% 1 Year 24.3% 3 Year 13.2% 5 Year 10.8% 10 Year 15 Year Since launch 9.1% Historical performance (Yearly) on absolute basis
Year Returns 2023 17% 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% Fund Manager information for L&T Equity Savings Fund
Name Since Tenure Mahesh Chhabria 15 Jul 23 0.71 Yr. Neelotpal Sahai 1 Oct 23 0.5 Yr. Praveen Ayathan 1 Oct 23 0.5 Yr. Cheenu Gupta 2 Jul 21 2.75 Yr. Sonal Gupta 1 Oct 23 0.5 Yr. Hitesh Gondhia 1 Oct 23 0.5 Yr. Data below for L&T Equity Savings Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 35.8% Equity 44.42% Debt 19.77% Equity Sector Allocation
Sector Value Industrials 23.15% Consumer Cyclical 10.52% Financial Services 9.01% Technology 8.7% Basic Materials 6.94% Consumer Defensive 5.91% Health Care 4.32% Real Estate 2.11% Communication Services 0.49% Energy 0.49% Utility 0.37% Debt Sector Allocation
Sector Value Cash Equivalent 30.38% Government 19.77% Corporate 5.42% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bharat Electronics Ltd (Industrials)
Equity, Since 30 Sep 23 | BEL7% ₹15 Cr 746,700 Future on Bharat Electronics Ltd
Derivatives | -7% -₹15 Cr 5.22% Govt Stock 2025
Sovereign Bonds | -7% ₹15 Cr 1,499,000 Future on United Spirits Ltd
Derivatives | -6% -₹13 Cr United Spirits Ltd (Consumer Defensive)
Equity, Since 31 Mar 22 | MCDOWELL-N6% ₹13 Cr 114,100 Future on HDFC Bank Ltd
Derivatives | -6% -₹12 Cr HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 23 | HDFCBANK6% ₹12 Cr 88,550
↑ 26,650 6.18% Govt Stock 2024
Sovereign Bonds | -5% ₹10 Cr 1,000,000 7.06% Govt Stock 2028
Sovereign Bonds | -4% ₹9 Cr 900,000 Medi Assist Healthcare Services Ltd (Healthcare)
Equity, Since 31 Jan 24 | MEDIASSIST3% ₹7 Cr 143,223 2. Principal Equity Savings Fund
CAGR/Annualized return of 8.8% since its launch. Ranked 38 in Equity Savings category. Return for 2023 was 15.3% , 2022 was 4.1% and 2021 was 18.2% . Principal Equity Savings Fund
Growth Launch Date 23 May 02 NAV (23 Apr 24) ₹63.0455 ↑ 0.15 (0.24 %) Net Assets (Cr) ₹742 on 29 Feb 24 Category Hybrid - Equity Savings AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆ Risk Moderately High Expense Ratio 2.36 Sharpe Ratio 2.22 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 Mar 19 ₹10,000 31 Mar 20 ₹9,335 31 Mar 21 ₹12,271 31 Mar 22 ₹14,044 31 Mar 23 ₹14,322 31 Mar 24 ₹17,328 Returns for Principal Equity Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Apr 24 Duration Returns 1 Month 2.5% 3 Month 5.5% 6 Month 11.1% 1 Year 21.5% 3 Year 13% 5 Year 12% 10 Year 15 Year Since launch 8.8% Historical performance (Yearly) on absolute basis
Year Returns 2023 15.3% 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% Fund Manager information for Principal Equity Savings Fund
Name Since Tenure Dwijendra Srivastava 1 Jan 22 2.25 Yr. Sudhir Kedia 29 Oct 19 4.43 Yr. Rohit Seksaria 1 Jan 22 2.25 Yr. Data below for Principal Equity Savings Fund as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 49.64% Equity 39.51% Debt 10.85% Equity Sector Allocation
Sector Value Financial Services 27.28% Consumer Cyclical 9.14% Energy 8.16% Technology 7.13% Industrials 6.77% Health Care 5.38% Consumer Defensive 4.79% Basic Materials 3.04% Communication Services 0.57% Utility 0.26% Debt Sector Allocation
Sector Value Cash Equivalent 49.64% Government 7.51% Corporate 3.34% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | HDFCBANK7% ₹54 Cr 387,363
↑ 10,450 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE7% ₹53 Cr 180,250 Reliance Industries Limited March 2024
Derivatives | -6% -₹42 Cr 144,250
↑ 144,250 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | ICICIBANK5% ₹38 Cr 360,800 Hdfc Bank Limited March 2024
Derivatives | -5% -₹37 Cr 262,900
↑ 262,900 Infosys Ltd (Technology)
Equity, Since 30 Jun 21 | INFY4% ₹31 Cr 185,100 Icici Bank Limited March 2024
Derivatives | -4% -₹27 Cr 254,800
↑ 254,800 Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 17 | 5322154% ₹27 Cr 249,000 182 DTB 07032023
Sovereign Bonds | -3% ₹25 Cr 2,500,000 Infosys Limited March 2024
Derivatives | -3% -₹25 Cr 146,800
↑ 146,800 3. HDFC Equity Savings Fund
CAGR/Annualized return of 9.6% since its launch. Ranked 12 in Equity Savings category. Return for 2023 was 13.8% , 2022 was 6% and 2021 was 16.8% . HDFC Equity Savings Fund
Growth Launch Date 17 Sep 04 NAV (23 Apr 24) ₹60.234 ↑ 0.08 (0.13 %) Net Assets (Cr) ₹3,994 on 31 Mar 24 Category Hybrid - Equity Savings AMC HDFC Asset Management Company Limited Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.09 Sharpe Ratio 2.62 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 Mar 19 ₹10,000 31 Mar 20 ₹8,960 31 Mar 21 ₹11,609 31 Mar 22 ₹13,121 31 Mar 23 ₹13,690 31 Mar 24 ₹16,249 Returns for HDFC Equity Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Apr 24 Duration Returns 1 Month 1.2% 3 Month 3.9% 6 Month 11.1% 1 Year 18.7% 3 Year 12.3% 5 Year 10.5% 10 Year 15 Year Since launch 9.6% Historical performance (Yearly) on absolute basis
Year Returns 2023 13.8% 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% Fund Manager information for HDFC Equity Savings Fund
Name Since Tenure Anil Bamboli 17 Sep 04 19.55 Yr. Arun Agarwal 17 Sep 04 19.55 Yr. Srinivasan Ramamurthy 14 Dec 21 2.3 Yr. Nirman Morakhia 15 Feb 23 1.12 Yr. Dhruv Muchhal 22 Jun 23 0.78 Yr. Data below for HDFC Equity Savings Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 41.8% Equity 33.03% Debt 25.18% Equity Sector Allocation
Sector Value Financial Services 21.85% Consumer Cyclical 11% Industrials 8.83% Health Care 5.4% Basic Materials 4.43% Energy 3.34% Consumer Defensive 3.03% Technology 3% Utility 2.9% Communication Services 1.69% Debt Sector Allocation
Sector Value Cash Equivalent 41.8% Government 12.53% Corporate 10.85% Securitized 1.8% Credit Quality
Rating Value AA 21.69% AAA 78.31% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 17 | HDFCBANK8% ₹315 Cr 2,243,450 Future on HDFC Bank Ltd
Derivatives | -6% -₹239 Cr State Bank of India (Financial Services)
Equity, Since 30 Sep 12 | SBIN5% ₹196 Cr 2,613,500 Future on Titan Co Ltd
Derivatives | -4% -₹143 Cr Titan Co Ltd (Consumer Cyclical)
Equity, Since 31 Jul 17 | TITAN4% ₹142 Cr 391,125 ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 12 | ICICIBANK3% ₹119 Cr 1,134,300 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 20 | MARUTI3% ₹119 Cr 105,400 Future on State Bank of India
Derivatives | -3% -₹114 Cr 7.1% Govt Stock 2029
Sovereign Bonds | -3% ₹110 Cr 11,000,000 Future on Adani Ports & Special Economic Zone Ltd
Derivatives | -3% -₹105 Cr 4. Kotak Equity Savings Fund
CAGR/Annualized return of 9.4% since its launch. Return for 2023 was 15.7% , 2022 was 6.8% and 2021 was 11.1% . Kotak Equity Savings Fund
Growth Launch Date 13 Oct 14 NAV (23 Apr 24) ₹23.5793 ↑ 0.02 (0.08 %) Net Assets (Cr) ₹4,813 on 31 Mar 24 Category Hybrid - Equity Savings AMC Kotak Mahindra Asset Management Co Ltd Rating Risk Moderately High Expense Ratio 1.94 Sharpe Ratio 2.87 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹9,410 31 Mar 21 ₹11,817 31 Mar 22 ₹13,101 31 Mar 23 ₹13,800 31 Mar 24 ₹16,531 Returns for Kotak Equity Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Apr 24 Duration Returns 1 Month 1.2% 3 Month 4.7% 6 Month 11.2% 1 Year 19.4% 3 Year 12.2% 5 Year 10.6% 10 Year 15 Year Since launch 9.4% Historical performance (Yearly) on absolute basis
Year Returns 2023 15.7% 2022 6.8% 2021 11.1% 2020 10.4% 2019 7.8% 2018 4.2% 2017 14% 2016 6.5% 2015 6.4% 2014 Fund Manager information for Kotak Equity Savings Fund
Name Since Tenure Abhishek Bisen 13 Oct 14 9.47 Yr. Devender Singhal 1 Apr 21 3 Yr. Hiten Shah 3 Oct 19 4.5 Yr. Arjun Khanna 30 Apr 22 1.92 Yr. Data below for Kotak Equity Savings Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 58.52% Equity 33.55% Debt 6.93% Other 1% Equity Sector Allocation
Sector Value Financial Services 24.99% Consumer Cyclical 9.48% Basic Materials 6.03% Consumer Defensive 5.36% Industrials 5.3% Energy 4.97% Utility 4.05% Health Care 3.47% Technology 3.05% Communication Services 1.95% Real Estate 0.66% Debt Sector Allocation
Sector Value Cash Equivalent 52.41% Corporate 8.83% Government 4.21% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 14 | HDFCBANK6% ₹295 Cr 2,104,906
↑ 499,950 ICICI Bank Ltd.-MAR2024
Derivatives | -5% -₹231 Cr 2,177,700
↑ 2,177,700 Kotak Liquid Dir Gr
Investment Fund | -5% ₹229 Cr 472,817 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 18 | ICICIBANK5% ₹229 Cr 2,177,700
↑ 14,000 HDFC Bank Ltd.-MAR2024
Derivatives | -5% -₹226 Cr 1,597,200
↑ 1,597,200 Kotak Money Market Dir Gr
Investment Fund | -5% ₹221 Cr 539,363 Adani Port and Special Economic Zone Ltd.-MAR2024
Derivatives | -4% -₹187 Cr 1,406,400
↑ 1,406,400 Adani Ports & Special Economic Zone Ltd (Industrials)
Equity, Since 30 Jun 19 | ADANIPORTS4% ₹186 Cr 1,406,400 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Oct 14 | MARUTI3% ₹138 Cr 121,913
↑ 3,600 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 29 Feb 16 | SUNPHARMA3% ₹119 Cr 753,000
↓ -270,900
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.
You Might Also Like
AMFI Registration No. 112358 | CIN: U74999MH2016PTC282153
Shepard Technologies Pvt. Ltd. (with ARN code 112358) makes no warranties or representations, express or implied, on products offered through the platform. It accepts no liability for any damages or losses, however caused, in connection with the use of, or on the reliance of its product or related services. Terms and conditions of the website are applicable.
©2024 Shepard Technologies Private Limited. All Rights Reserved