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6 Best Tax Saving SIP Plans to Invest in 2023
Equity Linked Saving Schemes or ELSS is gaining a huge popularity as the best tax saving option, amongst the Indian investors. It has the potential to deliver good returns, and also it has the shortest lock-in period. ELSS is an equity diversified fund, wherein the majority of the fund corpus is invested either in Equity Fund or equity-related products. Investors can attain tax deductions up to INR 1,50,000 under Section 80C of income tax Act from their taxable Income. As these funds offer dual benefits of— tax saving and wealth creation, investors can invest in ELSS and make the most out of their investment. So, to make the process of Investing easy, we have shortlisted the best tax saving SIP plans that offer the best returns to the investors.
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Best Performing SIP Funds to Invest in Equity Linked Saving Scheme (ELSS) FY 23 - 24
Fund NAV Net Assets (Cr) Min SIP Investment 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2022 (%) IDFC Tax Advantage (ELSS) Fund Growth ₹98.588
↓ -1.52 ₹4,026 500 -2.3 5.3 2.6 20.1 10 4.2 BOI AXA Tax Advantage Fund Growth ₹97.13
↓ -1.68 ₹693 500 -3.8 5.7 0.7 19.3 10.6 -1.3 Canara Robeco Equity Tax Saver Growth ₹112.93
↓ -1.54 ₹4,559 500 -3.8 2.5 -1.3 17.7 13.1 -0.2 Principal Tax Savings Fund Growth ₹332.108
↓ -5.31 ₹965 500 -3.2 4.3 1.8 16.5 7.7 4.3 Mirae Asset Tax Saver Fund Growth ₹30.455
↓ -0.44 ₹14,020 500 -1.5 3.4 -0.7 16.3 11.7 0.1 Mahindra Mutual Fund Kar Bachat Yojana Growth ₹18.7
↓ -0.25 ₹524 500 -1.9 3.8 1.4 16 8.3 2 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 27 Jan 23 ELSS SIP funds having AUM/Net Assets above 500 Crore. Sorted on Last 3 Year Return.
The investment objective of the Scheme is to seek to generate long term capital growth from a diversified portfolio of predominantly equity and equity related securities. There can be no assurance that the investment objective of the scheme will be realised. IDFC Tax Advantage (ELSS) Fund is a Equity - ELSS fund was launched on 26 Dec 08. It is a fund with Moderately High risk and has given a Below is the key information for IDFC Tax Advantage (ELSS) Fund Returns up to 1 year are on The Scheme seeks to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities across all market capitalisations. The Scheme is in the nature of diversified multi-cap fund. The Scheme is not providing any assured or guaranteed returns.(There can be no assurance that the investment objectives of the Scheme will be realized.) BOI AXA Tax Advantage Fund is a Equity - ELSS fund was launched on 25 Feb 09. It is a fund with Moderately High risk and has given a Below is the key information for BOI AXA Tax Advantage Fund Returns up to 1 year are on (ELSS Scheme) Seeking to provide long term capital appreciation by predominantly investing in equities and to facilitate the subscribers to seek tax benefits as provided under Section 80 C of the Income Tax Act, 1961. However, there can be no assurance that the investment objective of
the scheme will be realized. Canara Robeco Equity Tax Saver is a Equity - ELSS fund was launched on 2 Feb 09. It is a fund with Moderately High risk and has given a Below is the key information for Canara Robeco Equity Tax Saver Returns up to 1 year are on To build a high quality growth-oriented portfolio to provide long-term capital gains to the investors, the scheme aims at providing returns through capital appreciation. Principal Tax Savings Fund is a Equity - ELSS fund was launched on 31 Mar 96. It is a fund with Moderately High risk and has given a Below is the key information for Principal Tax Savings Fund Returns up to 1 year are on The investment objective of the scheme is to generate long term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments. The Scheme does not guarantee or assure any returns. Mirae Asset Tax Saver Fund is a Equity - ELSS fund was launched on 28 Dec 15. It is a fund with Moderately High risk and has given a Below is the key information for Mirae Asset Tax Saver Fund Returns up to 1 year are on The investment objective of the Scheme is to generate long-term capital appreciation through a diversified portfolio of equity and equity related securities. The Scheme does not guarantee or assure any returns. Mahindra Mutual Fund Kar Bachat Yojana is a Equity - ELSS fund was launched on 18 Oct 16. It is a fund with Moderately High risk and has given a Below is the key information for Mahindra Mutual Fund Kar Bachat Yojana Returns up to 1 year are on 1. IDFC Tax Advantage (ELSS) Fund
CAGR/Annualized return of 17.6% since its launch. Ranked 3 in ELSS category. Return for 2022 was 4.2% , 2021 was 49.2% and 2020 was 18.7% . IDFC Tax Advantage (ELSS) Fund
Growth Launch Date 26 Dec 08 NAV (27 Jan 23) ₹98.588 ↓ -1.52 (-1.51 %) Net Assets (Cr) ₹4,026 on 31 Dec 22 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.95 Sharpe Ratio 0.03 Information Ratio 0.72 Alpha Ratio -0.51 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 17 ₹10,000 31 Dec 18 ₹9,060 31 Dec 19 ₹9,236 31 Dec 20 ₹10,963 31 Dec 21 ₹16,357 31 Dec 22 ₹17,044 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Jan 23 Duration Returns 1 Month -2.4% 3 Month -2.3% 6 Month 5.3% 1 Year 2.6% 3 Year 20.1% 5 Year 10% 10 Year 15 Year Since launch 17.6% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.2% 2021 49.2% 2020 18.7% 2019 1.9% 2018 -9.4% 2017 53.4% 2016 0.4% 2015 6.9% 2014 42.2% 2013 15% Fund Manager information for IDFC Tax Advantage (ELSS) Fund
Name Since Tenure Daylynn Pinto 20 Oct 16 6.2 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 31 Dec 22
Equity Sector Allocation
Sector Value Financial Services 27.43% Consumer Cyclical 15.81% Industrials 11.96% Basic Materials 10.03% Technology 9.87% Health Care 6.4% Energy 3.67% Consumer Defensive 3.24% Communication Services 2.9% Utility 1.26% Asset Allocation
Asset Class Value Cash 7.42% Equity 92.58% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK9% ₹362 Cr 3,800,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY5% ₹221 Cr 1,350,000
↓ -50,000 State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN5% ₹211 Cr 3,500,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK4% ₹169 Cr 1,050,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE4% ₹150 Cr 550,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | 5322153% ₹126 Cr 1,400,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL3% ₹119 Cr 1,400,000 Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS3% ₹114 Cr 2,600,000 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Jul 20 | M&M3% ₹104 Cr 800,000 Jindal Steel & Power Ltd (Basic Materials)
Equity, Since 31 Mar 18 | 5322862% ₹94 Cr 1,750,000
↓ -50,000 2. BOI AXA Tax Advantage Fund
CAGR/Annualized return of 17.7% since its launch. Ranked 13 in ELSS category. Return for 2022 was -1.3% , 2021 was 41.5% and 2020 was 31.2% . BOI AXA Tax Advantage Fund
Growth Launch Date 25 Feb 09 NAV (27 Jan 23) ₹97.13 ↓ -1.68 (-1.70 %) Net Assets (Cr) ₹693 on 31 Dec 22 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.54 Sharpe Ratio -0.3 Information Ratio 0.6 Alpha Ratio -5.83 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 17 ₹10,000 31 Dec 18 ₹8,366 31 Dec 19 ₹9,588 31 Dec 20 ₹12,579 31 Dec 21 ₹17,793 31 Dec 22 ₹17,570 Returns for BOI AXA Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Jan 23 Duration Returns 1 Month -4% 3 Month -3.8% 6 Month 5.7% 1 Year 0.7% 3 Year 19.3% 5 Year 10.6% 10 Year 15 Year Since launch 17.7% Historical performance (Yearly) on absolute basis
Year Returns 2022 -1.3% 2021 41.5% 2020 31.2% 2019 14.6% 2018 -16.3% 2017 57.7% 2016 -1.2% 2015 2.1% 2014 44% 2013 9.1% Fund Manager information for BOI AXA Tax Advantage Fund
Name Since Tenure Alok Singh 27 Apr 22 0.68 Yr. Data below for BOI AXA Tax Advantage Fund as on 31 Dec 22
Equity Sector Allocation
Sector Value Financial Services 37.06% Consumer Cyclical 14.92% Basic Materials 9.62% Consumer Defensive 8.46% Industrials 7.68% Health Care 6.4% Energy 4.45% Technology 3.67% Utility 3.12% Real Estate 1.7% Communication Services 0.78% Asset Allocation
Asset Class Value Cash 2.07% Equity 97.86% Debt 0.08% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK7% ₹50 Cr 529,340 State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN7% ₹46 Cr 770,000
↓ -20,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK6% ₹39 Cr 244,000
↑ 19,000 Canara Bank (Financial Services)
Equity, Since 31 Aug 22 | 5324834% ₹28 Cr 895,000
↑ 25,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE4% ₹25 Cr 91,009 NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | 5325553% ₹22 Cr 1,260,000 Varun Beverages Ltd (Consumer Defensive)
Equity, Since 28 Feb 22 | VBL3% ₹19 Cr 154,000
↓ -14,692 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 22 | 5322153% ₹18 Cr 204,000 ITC Ltd (Consumer Defensive)
Equity, Since 31 May 22 | ITC2% ₹16 Cr 473,223 Balrampur Chini Mills Ltd (Consumer Defensive)
Equity, Since 30 Apr 22 | 5000382% ₹15 Cr 396,000
↑ 91,000 3. Canara Robeco Equity Tax Saver
CAGR/Annualized return of 18.9% since its launch. Ranked 36 in ELSS category. Return for 2022 was -0.2% , 2021 was 35.1% and 2020 was 27.4% . Canara Robeco Equity Tax Saver
Growth Launch Date 2 Feb 09 NAV (27 Jan 23) ₹112.93 ↓ -1.54 (-1.35 %) Net Assets (Cr) ₹4,559 on 31 Dec 22 Category Equity - ELSS AMC Canara Robeco Asset Management Co. Ltd. Rating ☆ Risk Moderately High Expense Ratio 2.11 Sharpe Ratio -0.26 Information Ratio 0.31 Alpha Ratio -4.89 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 17 ₹10,000 31 Dec 18 ₹10,268 31 Dec 19 ₹11,371 31 Dec 20 ₹14,482 31 Dec 21 ₹19,569 31 Dec 22 ₹19,536 Returns for Canara Robeco Equity Tax Saver
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Jan 23 Duration Returns 1 Month -3.9% 3 Month -3.8% 6 Month 2.5% 1 Year -1.3% 3 Year 17.7% 5 Year 13.1% 10 Year 15 Year Since launch 18.9% Historical performance (Yearly) on absolute basis
Year Returns 2022 -0.2% 2021 35.1% 2020 27.4% 2019 10.7% 2018 2.7% 2017 32% 2016 0% 2015 0.6% 2014 45.2% 2013 5.3% Fund Manager information for Canara Robeco Equity Tax Saver
Name Since Tenure Vishal Mishra 26 Jun 21 1.52 Yr. Shridatta Bhandwaldar 1 Oct 19 3.25 Yr. Data below for Canara Robeco Equity Tax Saver as on 31 Dec 22
Equity Sector Allocation
Sector Value Financial Services 33.49% Consumer Cyclical 14.28% Technology 10.07% Basic Materials 9.64% Industrials 8.13% Health Care 6.15% Consumer Defensive 5.39% Energy 4.43% Communication Services 2.25% Real Estate 1.59% Utility 1.54% Asset Allocation
Asset Class Value Cash 3.03% Equity 96.97% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK8% ₹380 Cr 3,991,000
↑ 50,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 08 | HDFCBANK7% ₹328 Cr 2,037,184
↑ 145,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 18 | INFY7% ₹320 Cr 1,956,310
↑ 45,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 19 | RELIANCE4% ₹203 Cr 743,500
↑ 25,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN4% ₹201 Cr 3,330,000
↑ 550,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | 5322154% ₹185 Cr 2,053,000
↑ 100,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 20 | TCS2% ₹110 Cr 323,712 UltraTech Cement Ltd (Basic Materials)
Equity, Since 30 Apr 21 | ULTRACEMCO2% ₹105 Cr 149,000
↑ 17,000 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Oct 16 | HINDUNILVR2% ₹104 Cr 386,690 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 21 | BHARTIARTL2% ₹103 Cr 1,215,000
↓ -50,000 4. Principal Tax Savings Fund
CAGR/Annualized return of 15.7% since its launch. Ranked 8 in ELSS category. Return for 2022 was 4.3% , 2021 was 32.1% and 2020 was 18.9% . Principal Tax Savings Fund
Growth Launch Date 31 Mar 96 NAV (27 Jan 23) ₹332.108 ↓ -5.31 (-1.57 %) Net Assets (Cr) ₹965 on 31 Dec 22 Category Equity - ELSS AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.44 Sharpe Ratio 0.02 Information Ratio 0.16 Alpha Ratio -0.07 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 17 ₹10,000 31 Dec 18 ₹9,081 31 Dec 19 ₹9,305 31 Dec 20 ₹11,063 31 Dec 21 ₹14,611 31 Dec 22 ₹15,244 Returns for Principal Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Jan 23 Duration Returns 1 Month -2.3% 3 Month -3.2% 6 Month 4.3% 1 Year 1.8% 3 Year 16.5% 5 Year 7.7% 10 Year 15 Year Since launch 15.7% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.3% 2021 32.1% 2020 18.9% 2019 2.5% 2018 -9.2% 2017 48.8% 2016 6.2% 2015 2.7% 2014 49.4% 2013 8.5% Fund Manager information for Principal Tax Savings Fund
Name Since Tenure Sudhir Kedia 29 Oct 19 3.18 Yr. Rohit Seksaria 1 Jan 22 1 Yr. Data below for Principal Tax Savings Fund as on 31 Dec 22
Equity Sector Allocation
Sector Value Financial Services 39.32% Consumer Cyclical 14.97% Industrials 12.59% Technology 9.87% Energy 4.79% Health Care 4.53% Consumer Defensive 4.53% Basic Materials 3.49% Communication Services 2.06% Real Estate 1.07% Asset Allocation
Asset Class Value Cash 2.45% Equity 97.55% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK9% ₹89 Cr 935,000
↓ -33,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK5% ₹54 Cr 335,117 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 21 | RELIANCE5% ₹48 Cr 175,000 Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY5% ₹47 Cr 288,000 State Bank of India (Financial Services)
Equity, Since 30 Apr 05 | SBIN5% ₹46 Cr 770,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFC4% ₹42 Cr 157,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 17 | 5322154% ₹37 Cr 410,005 Ashok Leyland Ltd (Industrials)
Equity, Since 31 Aug 20 | 5004774% ₹36 Cr 2,405,310 Polycab India Ltd (Industrials)
Equity, Since 30 Nov 20 | POLYCAB3% ₹30 Cr 116,000
↓ -9,297 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Oct 19 | MARUTI3% ₹29 Cr 32,000
↓ -1,000 5. Mirae Asset Tax Saver Fund
CAGR/Annualized return of 17% since its launch. Return for 2022 was 0.1% , 2021 was 35.3% and 2020 was 21.5% . Mirae Asset Tax Saver Fund
Growth Launch Date 28 Dec 15 NAV (27 Jan 23) ₹30.455 ↓ -0.44 (-1.42 %) Net Assets (Cr) ₹14,020 on 31 Dec 22 Category Equity - ELSS AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating Risk Moderately High Expense Ratio 1.28 Sharpe Ratio -0.26 Information Ratio 0.23 Alpha Ratio -4.19 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 17 ₹10,000 31 Dec 18 ₹9,773 31 Dec 19 ₹11,147 31 Dec 20 ₹13,548 31 Dec 21 ₹18,330 31 Dec 22 ₹18,357 Returns for Mirae Asset Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Jan 23 Duration Returns 1 Month -2.9% 3 Month -1.5% 6 Month 3.4% 1 Year -0.7% 3 Year 16.3% 5 Year 11.7% 10 Year 15 Year Since launch 17% Historical performance (Yearly) on absolute basis
Year Returns 2022 0.1% 2021 35.3% 2020 21.5% 2019 14.1% 2018 -2.3% 2017 47.9% 2016 14.8% 2015 2014 2013 Fund Manager information for Mirae Asset Tax Saver Fund
Name Since Tenure Neelesh Surana 28 Dec 15 7.02 Yr. Data below for Mirae Asset Tax Saver Fund as on 31 Dec 22
Equity Sector Allocation
Sector Value Financial Services 34.66% Consumer Cyclical 11.83% Technology 10.15% Basic Materials 8.39% Industrials 7.59% Energy 7.49% Health Care 6.63% Consumer Defensive 5.03% Utility 3.63% Communication Services 2.93% Real Estate 0.51% Asset Allocation
Asset Class Value Cash 1.15% Equity 98.85% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK8% ₹1,177 Cr 7,317,222 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK7% ₹1,002 Cr 10,518,912 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 15 | RELIANCE6% ₹889 Cr 3,254,180
↓ -100,000 Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY5% ₹777 Cr 4,754,691 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 5322155% ₹683 Cr 7,578,266 State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN3% ₹492 Cr 8,158,799
↓ -725,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 20 | BHARTIARTL3% ₹418 Cr 4,919,889
↓ -415,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 16 | LT2% ₹337 Cr 1,622,630 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Dec 15 | TCS2% ₹320 Cr 942,537
↓ -150,000 HCL Technologies Ltd (Technology)
Equity, Since 31 Oct 21 | HCLTECH2% ₹303 Cr 2,706,618
↓ -385,000 6. Mahindra Mutual Fund Kar Bachat Yojana
CAGR/Annualized return of 10.4% since its launch. Return for 2022 was 2% , 2021 was 39.4% and 2020 was 14.1% . Mahindra Mutual Fund Kar Bachat Yojana
Growth Launch Date 18 Oct 16 NAV (27 Jan 23) ₹18.7 ↓ -0.25 (-1.33 %) Net Assets (Cr) ₹524 on 31 Dec 22 Category Equity - ELSS AMC Mahindra Asset Management Company Pvt. Ltd. Rating Risk Moderately High Expense Ratio 2.38 Sharpe Ratio -0.11 Information Ratio 0.04 Alpha Ratio -2.19 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 17 ₹10,000 31 Dec 18 ₹9,022 31 Dec 19 ₹9,429 31 Dec 20 ₹10,759 31 Dec 21 ₹15,002 31 Dec 22 ₹15,303 Returns for Mahindra Mutual Fund Kar Bachat Yojana
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Jan 23 Duration Returns 1 Month -2.7% 3 Month -1.9% 6 Month 3.8% 1 Year 1.4% 3 Year 16% 5 Year 8.3% 10 Year 15 Year Since launch 10.4% Historical performance (Yearly) on absolute basis
Year Returns 2022 2% 2021 39.4% 2020 14.1% 2019 4.5% 2018 -9.8% 2017 24.8% 2016 2015 2014 2013 Fund Manager information for Mahindra Mutual Fund Kar Bachat Yojana
Name Since Tenure Manish Lodha 21 Dec 20 2.03 Yr. Fatema Pacha 16 Oct 20 2.21 Yr. Data below for Mahindra Mutual Fund Kar Bachat Yojana as on 31 Dec 22
Equity Sector Allocation
Sector Value Financial Services 32.56% Technology 14.47% Industrials 11.89% Consumer Cyclical 10.67% Basic Materials 8.1% Energy 5.68% Consumer Defensive 4.89% Health Care 4.38% Real Estate 2.98% Utility 1.28% Asset Allocation
Asset Class Value Cash 3.1% Equity 96.9% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 16 | HDFCBANK9% ₹50 Cr 313,876 Infosys Ltd (Technology)
Equity, Since 29 Feb 20 | INFY9% ₹47 Cr 286,807 ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 19 | ICICIBANK8% ₹45 Cr 472,120 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 18 | RELIANCE6% ₹30 Cr 111,154 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 21 | 5322154% ₹22 Cr 249,631 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Apr 20 | HINDUNILVR3% ₹18 Cr 68,112 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Nov 21 | 5000343% ₹18 Cr 27,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 18 | LT3% ₹17 Cr 83,542 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 May 19 | TCS3% ₹17 Cr 49,286 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 28 Feb 18 | MARUTI2% ₹13 Cr 14,276
↑ 5,350
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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