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6 Best Tax Saving SIP MF Plans to Invest in 2023 | Fincash.com

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6 Best Tax Saving SIP Plans to Invest in 2023

Updated on January 25, 2023 , 32689 views

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

FundNAVNet Assets (Cr)Min SIP Investment3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2022 (%)
IDFC Tax Advantage (ELSS) Fund Growth ₹98.588
↓ -1.52
₹4,026 500 -2.35.32.620.1104.2
BOI AXA Tax Advantage Fund Growth ₹97.13
↓ -1.68
₹693 500 -3.85.70.719.310.6-1.3
Canara Robeco Equity Tax Saver Growth ₹112.93
↓ -1.54
₹4,559 500 -3.82.5-1.317.713.1-0.2
Principal Tax Savings Fund Growth ₹332.108
↓ -5.31
₹965 500 -3.24.31.816.57.74.3
Mirae Asset Tax Saver Fund Growth ₹30.455
↓ -0.44
₹14,020 500 -1.53.4-0.716.311.70.1
Mahindra Mutual Fund Kar Bachat Yojana Growth ₹18.7
↓ -0.25
₹524 500 -1.93.81.4168.32
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 27 Jan 23
*Above is list of best ELSS SIP funds having AUM/Net Assets above 500 Crore. Sorted on Last 3 Year Return.

1. IDFC Tax Advantage (ELSS) Fund

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 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% .

Below is the key information for IDFC Tax Advantage (ELSS) Fund

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.

DateValue
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

IDFC Tax Advantage (ELSS) Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹395,578.
Net Profit of ₹95,578
Invest Now

Returns for IDFC Tax Advantage (ELSS) Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Jan 23

DurationReturns
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
YearReturns
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
NameSinceTenure
Daylynn Pinto20 Oct 166.2 Yr.

Data below for IDFC Tax Advantage (ELSS) Fund as on 31 Dec 22

Equity Sector Allocation
SectorValue
Financial Services27.43%
Consumer Cyclical15.81%
Industrials11.96%
Basic Materials10.03%
Technology9.87%
Health Care6.4%
Energy3.67%
Consumer Defensive3.24%
Communication Services2.9%
Utility1.26%
Asset Allocation
Asset ClassValue
Cash7.42%
Equity92.58%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK
9%₹362 Cr3,800,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY
5%₹221 Cr1,350,000
↓ -50,000
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
5%₹211 Cr3,500,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK
4%₹169 Cr1,050,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE
4%₹150 Cr550,000
Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | 532215
3%₹126 Cr1,400,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL
3%₹119 Cr1,400,000
Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS
3%₹114 Cr2,600,000
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Jul 20 | M&M
3%₹104 Cr800,000
Jindal Steel & Power Ltd (Basic Materials)
Equity, Since 31 Mar 18 | 532286
2%₹94 Cr1,750,000
↓ -50,000

2. BOI AXA Tax Advantage Fund

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 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% .

Below is the key information for BOI AXA Tax Advantage Fund

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.

DateValue
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

BOI AXA Tax Advantage Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹395,578.
Net Profit of ₹95,578
Invest Now

Returns for BOI AXA Tax Advantage Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Jan 23

DurationReturns
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
YearReturns
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
NameSinceTenure
Alok Singh27 Apr 220.68 Yr.

Data below for BOI AXA Tax Advantage Fund as on 31 Dec 22

Equity Sector Allocation
SectorValue
Financial Services37.06%
Consumer Cyclical14.92%
Basic Materials9.62%
Consumer Defensive8.46%
Industrials7.68%
Health Care6.4%
Energy4.45%
Technology3.67%
Utility3.12%
Real Estate1.7%
Communication Services0.78%
Asset Allocation
Asset ClassValue
Cash2.07%
Equity97.86%
Debt0.08%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK
7%₹50 Cr529,340
State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN
7%₹46 Cr770,000
↓ -20,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK
6%₹39 Cr244,000
↑ 19,000
Canara Bank (Financial Services)
Equity, Since 31 Aug 22 | 532483
4%₹28 Cr895,000
↑ 25,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE
4%₹25 Cr91,009
NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | 532555
3%₹22 Cr1,260,000
Varun Beverages Ltd (Consumer Defensive)
Equity, Since 28 Feb 22 | VBL
3%₹19 Cr154,000
↓ -14,692
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 22 | 532215
3%₹18 Cr204,000
ITC Ltd (Consumer Defensive)
Equity, Since 31 May 22 | ITC
2%₹16 Cr473,223
Balrampur Chini Mills Ltd (Consumer Defensive)
Equity, Since 30 Apr 22 | 500038
2%₹15 Cr396,000
↑ 91,000

3. Canara Robeco Equity Tax Saver

(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 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% .

Below is the key information for Canara Robeco Equity Tax Saver

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.

DateValue
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

Canara Robeco Equity Tax Saver SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹426,080.
Net Profit of ₹126,080
Invest Now

Returns for Canara Robeco Equity Tax Saver

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Jan 23

DurationReturns
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
YearReturns
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
NameSinceTenure
Vishal Mishra26 Jun 211.52 Yr.
Shridatta Bhandwaldar1 Oct 193.25 Yr.

Data below for Canara Robeco Equity Tax Saver as on 31 Dec 22

Equity Sector Allocation
SectorValue
Financial Services33.49%
Consumer Cyclical14.28%
Technology10.07%
Basic Materials9.64%
Industrials8.13%
Health Care6.15%
Consumer Defensive5.39%
Energy4.43%
Communication Services2.25%
Real Estate1.59%
Utility1.54%
Asset Allocation
Asset ClassValue
Cash3.03%
Equity96.97%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK
8%₹380 Cr3,991,000
↑ 50,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 08 | HDFCBANK
7%₹328 Cr2,037,184
↑ 145,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 18 | INFY
7%₹320 Cr1,956,310
↑ 45,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 19 | RELIANCE
4%₹203 Cr743,500
↑ 25,000
State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN
4%₹201 Cr3,330,000
↑ 550,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | 532215
4%₹185 Cr2,053,000
↑ 100,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 20 | TCS
2%₹110 Cr323,712
UltraTech Cement Ltd (Basic Materials)
Equity, Since 30 Apr 21 | ULTRACEMCO
2%₹105 Cr149,000
↑ 17,000
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Oct 16 | HINDUNILVR
2%₹104 Cr386,690
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 21 | BHARTIARTL
2%₹103 Cr1,215,000
↓ -50,000

4. Principal Tax Savings Fund

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 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% .

Below is the key information for Principal Tax Savings Fund

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.

DateValue
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

Principal Tax Savings Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹367,070.
Net Profit of ₹67,070
Invest Now

Returns for Principal Tax Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Jan 23

DurationReturns
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
YearReturns
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
NameSinceTenure
Sudhir Kedia29 Oct 193.18 Yr.
Rohit Seksaria1 Jan 221 Yr.

Data below for Principal Tax Savings Fund as on 31 Dec 22

Equity Sector Allocation
SectorValue
Financial Services39.32%
Consumer Cyclical14.97%
Industrials12.59%
Technology9.87%
Energy4.79%
Health Care4.53%
Consumer Defensive4.53%
Basic Materials3.49%
Communication Services2.06%
Real Estate1.07%
Asset Allocation
Asset ClassValue
Cash2.45%
Equity97.55%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
9%₹89 Cr935,000
↓ -33,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK
5%₹54 Cr335,117
Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 21 | RELIANCE
5%₹48 Cr175,000
Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY
5%₹47 Cr288,000
State Bank of India (Financial Services)
Equity, Since 30 Apr 05 | SBIN
5%₹46 Cr770,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFC
4%₹42 Cr157,000
Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 17 | 532215
4%₹37 Cr410,005
Ashok Leyland Ltd (Industrials)
Equity, Since 31 Aug 20 | 500477
4%₹36 Cr2,405,310
Polycab India Ltd (Industrials)
Equity, Since 30 Nov 20 | POLYCAB
3%₹30 Cr116,000
↓ -9,297
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Oct 19 | MARUTI
3%₹29 Cr32,000
↓ -1,000

5. Mirae Asset Tax Saver Fund

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 CAGR/Annualized return of 17% since its launch.  Return for 2022 was 0.1% , 2021 was 35.3% and 2020 was 21.5% .

Below is the key information for Mirae Asset Tax Saver Fund

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 Not Rated
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.

DateValue
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

Mirae Asset Tax Saver Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹405,518.
Net Profit of ₹105,518
Invest Now

Returns for Mirae Asset Tax Saver Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Jan 23

DurationReturns
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
YearReturns
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
NameSinceTenure
Neelesh Surana28 Dec 157.02 Yr.

Data below for Mirae Asset Tax Saver Fund as on 31 Dec 22

Equity Sector Allocation
SectorValue
Financial Services34.66%
Consumer Cyclical11.83%
Technology10.15%
Basic Materials8.39%
Industrials7.59%
Energy7.49%
Health Care6.63%
Consumer Defensive5.03%
Utility3.63%
Communication Services2.93%
Real Estate0.51%
Asset Allocation
Asset ClassValue
Cash1.15%
Equity98.85%
Other0%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK
8%₹1,177 Cr7,317,222
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK
7%₹1,002 Cr10,518,912
Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 15 | RELIANCE
6%₹889 Cr3,254,180
↓ -100,000
Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY
5%₹777 Cr4,754,691
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 532215
5%₹683 Cr7,578,266
State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN
3%₹492 Cr8,158,799
↓ -725,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 20 | BHARTIARTL
3%₹418 Cr4,919,889
↓ -415,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 16 | LT
2%₹337 Cr1,622,630
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Dec 15 | TCS
2%₹320 Cr942,537
↓ -150,000
HCL Technologies Ltd (Technology)
Equity, Since 31 Oct 21 | HCLTECH
2%₹303 Cr2,706,618
↓ -385,000

6. Mahindra Mutual Fund Kar Bachat Yojana

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 CAGR/Annualized return of 10.4% since its launch.  Return for 2022 was 2% , 2021 was 39.4% and 2020 was 14.1% .

Below is the key information for Mahindra Mutual Fund Kar Bachat Yojana

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 Not Rated
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.

DateValue
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

Mahindra Mutual Fund Kar Bachat Yojana SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹376,357.
Net Profit of ₹76,357
Invest Now

Returns for Mahindra Mutual Fund Kar Bachat Yojana

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Jan 23

DurationReturns
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
YearReturns
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
NameSinceTenure
Manish Lodha21 Dec 202.03 Yr.
Fatema Pacha16 Oct 202.21 Yr.

Data below for Mahindra Mutual Fund Kar Bachat Yojana as on 31 Dec 22

Equity Sector Allocation
SectorValue
Financial Services32.56%
Technology14.47%
Industrials11.89%
Consumer Cyclical10.67%
Basic Materials8.1%
Energy5.68%
Consumer Defensive4.89%
Health Care4.38%
Real Estate2.98%
Utility1.28%
Asset Allocation
Asset ClassValue
Cash3.1%
Equity96.9%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 16 | HDFCBANK
9%₹50 Cr313,876
Infosys Ltd (Technology)
Equity, Since 29 Feb 20 | INFY
9%₹47 Cr286,807
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 19 | ICICIBANK
8%₹45 Cr472,120
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 18 | RELIANCE
6%₹30 Cr111,154
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 21 | 532215
4%₹22 Cr249,631
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Apr 20 | HINDUNILVR
3%₹18 Cr68,112
Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Nov 21 | 500034
3%₹18 Cr27,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 18 | LT
3%₹17 Cr83,542
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 May 19 | TCS
3%₹17 Cr49,286
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 28 Feb 18 | MARUTI
2%₹13 Cr14,276
↑ 5,350

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