fincash logo SOLUTIONS
EXPLORE FUNDS
CALCULATORS
fincash number+91-22-48913909
6 Best Tax Saving SIP MF Plans to Invest in 2023 | Fincash.com

Fincash » Mutual Funds » Best Tax Saving SIP Plan

6 Best Tax Saving SIP Plans to Invest in 2023

Updated on September 27, 2023 , 36035 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.

Ready to Invest?
Talk to our investment specialist
Disclaimer:
By submitting this form I authorize Fincash.com to call/SMS/email me about its products and I accept the terms of Privacy Policy and Terms & Conditions.

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 ₹117.121
↑ 0.52
₹5,014 500 11.518.22129.615.14.2
Franklin India Taxshield Growth ₹1,025.21
↑ 4.34
₹5,250 500 11.617.318.925.612.15.4
Nippon India Tax Saver Fund (ELSS) Growth ₹90.333
↑ 0.39
₹12,634 500 11.51616.125.29.16.9
SBI Magnum Tax Gain Fund Growth ₹282.504
↑ 1.48
₹15,374 500 13.420.725.325.114.26.9
HDFC Tax Saver Fund Growth ₹927.646
↑ 2.38
₹11,296 500 10.715.919.92511.810.5
Mahindra Mutual Fund Kar Bachat Yojana Growth ₹21.6743
↑ 0.07
₹649 500 9.614.414.924.512.62
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Aug 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 18.3% 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 (22 Aug 23) ₹117.121 ↑ 0.52   (0.45 %)
Net Assets (Cr) ₹5,014 on 31 Jul 23
Category Equity - ELSS
AMC IDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 1.95
Sharpe Ratio 1.5
Information Ratio 1.29
Alpha Ratio 6.92
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Aug 18₹10,000
31 Aug 19₹8,554
31 Aug 20₹9,030
31 Aug 21₹15,243
31 Aug 22₹16,746
31 Aug 23₹19,960

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 ₹447,579.
Net Profit of ₹147,579
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 22 Aug 23

DurationReturns
1 Month 1.3%
3 Month 11.5%
6 Month 18.2%
1 Year 21%
3 Year 29.6%
5 Year 15.1%
10 Year
15 Year
Since launch 18.3%
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 166.87 Yr.
Nishita Shah31 Jul 230.09 Yr.

Data below for IDFC Tax Advantage (ELSS) Fund as on 31 Jul 23

Equity Sector Allocation
SectorValue
Financial Services26.52%
Industrials15.15%
Consumer Cyclical13.31%
Basic Materials10.56%
Technology8.39%
Health Care7.15%
Consumer Defensive6.64%
Energy4.27%
Communication Services2.15%
Utility1.74%
Asset Allocation
Asset ClassValue
Cash4.11%
Equity95.89%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK
7%₹364 Cr3,800,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK
6%₹284 Cr1,806,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE
4%₹217 Cr900,000
Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | 532215
4%₹195 Cr2,000,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY
4%₹194 Cr1,350,000
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
3%₹152 Cr2,700,000
Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS
3%₹150 Cr2,500,000
↓ -100,000
NCC Ltd (Industrials)
Equity, Since 28 Feb 19 | NCC
2%₹115 Cr6,800,000
↓ -700,000
KEC International Ltd (Industrials)
Equity, Since 30 Sep 15 | 532714
2%₹114 Cr1,700,000
Jindal Steel & Power Ltd Shs Dematerialised (Basic Materials)
Equity, Since 31 Mar 18 | 532286
2%₹110 Cr1,600,000

2. Franklin India Taxshield

The primary objective for Franklin IndiaTaxshield is to provide medium to long term growth of capital along with income tax rebate

Franklin India Taxshield is a Equity - ELSS fund was launched on 10 Apr 99. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 20.9% since its launch.  Ranked 28 in ELSS category.  Return for 2022 was 5.4% , 2021 was 36.7% and 2020 was 9.8% .

Below is the key information for Franklin India Taxshield

Franklin India Taxshield
Growth
Launch Date 10 Apr 99
NAV (22 Aug 23) ₹1,025.21 ↑ 4.34   (0.43 %)
Net Assets (Cr) ₹5,250 on 31 Jul 23
Category Equity - ELSS
AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating
Risk Moderately High
Expense Ratio 1.91
Sharpe Ratio 1.22
Information Ratio 0.61
Alpha Ratio 4.53
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Aug 18₹10,000
31 Aug 19₹9,025
31 Aug 20₹8,788
31 Aug 21₹13,944
31 Aug 22₹14,999
31 Aug 23₹17,549

Franklin India Taxshield SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹415,684.
Net Profit of ₹115,684
Invest Now

Returns for Franklin India Taxshield

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23

DurationReturns
1 Month 2.2%
3 Month 11.6%
6 Month 17.3%
1 Year 18.9%
3 Year 25.6%
5 Year 12.1%
10 Year
15 Year
Since launch 20.9%
Historical performance (Yearly) on absolute basis
YearReturns
2022 5.4%
2021 36.7%
2020 9.8%
2019 5.1%
2018 -3%
2017 29.1%
2016 4.7%
2015 4%
2014 56.9%
2013 6.1%
Fund Manager information for Franklin India Taxshield
NameSinceTenure
Anand Radhakrishnan18 Oct 211.87 Yr.
R. Janakiraman2 May 167.34 Yr.

Data below for Franklin India Taxshield as on 31 Jul 23

Equity Sector Allocation
SectorValue
Financial Services28.6%
Industrials13.1%
Consumer Cyclical12%
Technology9.8%
Consumer Defensive9.37%
Basic Materials6.25%
Utility4.48%
Communication Services4.41%
Energy3.79%
Health Care1.09%
Asset Allocation
Asset ClassValue
Cash7.13%
Equity92.87%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK
8%₹441 Cr4,600,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 07 | HDFCBANK
7%₹393 Cr2,500,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 19 | LT
6%₹297 Cr1,100,000
Infosys Ltd (Technology)
Equity, Since 29 Feb 12 | INFY
5%₹273 Cr1,900,000
Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 14 | 532215
5%₹253 Cr2,600,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 07 | BHARTIARTL
4%₹231 Cr2,700,000
State Bank of India (Financial Services)
Equity, Since 31 Aug 15 | SBIN
3%₹168 Cr3,000,000
United Spirits Ltd Shs Dematerialised (Consumer Defensive)
Equity, Since 31 Oct 18 | MCDOWELL-N
3%₹166 Cr1,650,000
HCL Technologies Ltd (Technology)
Equity, Since 31 Oct 21 | HCLTECH
3%₹152 Cr1,300,000
Grasim Industries Ltd (Basic Materials)
Equity, Since 30 Jun 11 | GRASIM
3%₹143 Cr800,000

3. Nippon India Tax Saver Fund (ELSS)

The primary objective of the scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related instruments. However, there can be no assurance that the scheme’s investment objective shall be achieved.

Nippon India Tax Saver Fund (ELSS) is a Equity - ELSS fund was launched on 21 Sep 05. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 13.1% since its launch.  Ranked 16 in ELSS category.  Return for 2022 was 6.9% , 2021 was 37.6% and 2020 was -0.4% .

Below is the key information for Nippon India Tax Saver Fund (ELSS)

Nippon India Tax Saver Fund (ELSS)
Growth
Launch Date 21 Sep 05
NAV (22 Aug 23) ₹90.333 ↑ 0.39   (0.43 %)
Net Assets (Cr) ₹12,634 on 31 Jul 23
Category Equity - ELSS
AMC Nippon Life Asset Management Ltd.
Rating
Risk Moderately High
Expense Ratio 1.8
Sharpe Ratio 0.98
Information Ratio 0.76
Alpha Ratio 1.56
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Aug 18₹10,000
31 Aug 19₹8,003
31 Aug 20₹7,713
31 Aug 21₹12,669
31 Aug 22₹13,437
31 Aug 23₹15,377

Nippon India Tax Saver Fund (ELSS) SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹385,859.
Net Profit of ₹85,859
Invest Now

Returns for Nippon India Tax Saver Fund (ELSS)

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23

DurationReturns
1 Month 1.4%
3 Month 11.5%
6 Month 16%
1 Year 16.1%
3 Year 25.2%
5 Year 9.1%
10 Year
15 Year
Since launch 13.1%
Historical performance (Yearly) on absolute basis
YearReturns
2022 6.9%
2021 37.6%
2020 -0.4%
2019 1.5%
2018 -20.7%
2017 46%
2016 4.2%
2015 -2.9%
2014 83%
2013 3.5%
Fund Manager information for Nippon India Tax Saver Fund (ELSS)
NameSinceTenure
Rupesh Patel1 Jul 212.17 Yr.
Ashutosh Bhargava1 Jul 203.17 Yr.
Kinjal Desai25 May 185.27 Yr.
Akshay Sharma1 Dec 220.75 Yr.

Data below for Nippon India Tax Saver Fund (ELSS) as on 31 Jul 23

Equity Sector Allocation
SectorValue
Financial Services35.44%
Consumer Cyclical12.4%
Industrials9.84%
Consumer Defensive9.12%
Basic Materials8.92%
Utility5.22%
Technology5.04%
Energy4.38%
Health Care3.94%
Communication Services3.33%
Real Estate1.51%
Asset Allocation
Asset ClassValue
Cash0.39%
Equity99.33%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 29 Feb 20 | HDFCBANK
9%₹1,109 Cr7,056,000
ICICI Bank Ltd (Financial Services)
Equity, Since 28 Feb 15 | ICICIBANK
8%₹997 Cr10,400,000
↓ -300,000
Infosys Ltd (Technology)
Equity, Since 31 Mar 20 | INFY
5%₹632 Cr4,400,000
Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 20 | 532215
4%₹560 Cr5,750,000
↓ -650,000
State Bank of India (Financial Services)
Equity, Since 31 Dec 13 | SBIN
4%₹483 Cr8,600,000
↓ -400,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 20 | RELIANCE
4%₹457 Cr1,900,000
NTPC Ltd Shs Dematerialised (Utilities)
Equity, Since 28 Feb 19 | 532555
3%₹357 Cr16,200,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 May 18 | LT
3%₹351 Cr1,300,000
Samvardhana Motherson International Ltd (Consumer Cyclical)
Equity, Since 30 Nov 21 | MOTHERSON
2%₹304 Cr31,700,000
↓ -1,000,000
Linde India Ltd (Basic Materials)
Equity, Since 31 Oct 13 | 523457
2%₹257 Cr410,000
↓ -71,532

4. SBI Magnum Tax Gain Fund

To deliver the benefit of investment in a portfolio of equity shares, while offering deduction on such investment made in the scheme under section 80C of the Income-tax Act, 1961. It also seeks to distribute income periodically depending on distributable surplus. Investments in this scheme would be subject to a statutory lock-in of 3 years from the date of allotment to avail Section 80C benefits.

SBI Magnum Tax Gain Fund is a Equity - ELSS fund was launched on 7 May 07. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 11.9% since its launch.  Ranked 31 in ELSS category.  Return for 2022 was 6.9% , 2021 was 31% and 2020 was 18.9% .

Below is the key information for SBI Magnum Tax Gain Fund

SBI Magnum Tax Gain Fund
Growth
Launch Date 7 May 07
NAV (22 Aug 23) ₹282.504 ↑ 1.48   (0.53 %)
Net Assets (Cr) ₹15,374 on 31 Jul 23
Category Equity - ELSS
AMC SBI Funds Management Private Limited
Rating
Risk Moderately High
Expense Ratio 1.79
Sharpe Ratio 1.65
Information Ratio 0.48
Alpha Ratio 9.77
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Aug 18₹10,000
31 Aug 19₹8,931
31 Aug 20₹9,588
31 Aug 21₹14,572
31 Aug 22₹15,615
31 Aug 23₹19,279

SBI Magnum Tax Gain Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹436,710.
Net Profit of ₹136,710
Invest Now

Returns for SBI Magnum Tax Gain Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23

DurationReturns
1 Month 1.5%
3 Month 13.4%
6 Month 20.7%
1 Year 25.3%
3 Year 25.1%
5 Year 14.2%
10 Year
15 Year
Since launch 11.9%
Historical performance (Yearly) on absolute basis
YearReturns
2022 6.9%
2021 31%
2020 18.9%
2019 4%
2018 -8.3%
2017 33%
2016 2.1%
2015 3.2%
2014 49.1%
2013 7%
Fund Manager information for SBI Magnum Tax Gain Fund
NameSinceTenure
Dinesh Balachandran10 Sep 166.98 Yr.

Data below for SBI Magnum Tax Gain Fund as on 31 Jul 23

Equity Sector Allocation
SectorValue
Financial Services25.93%
Industrials14.7%
Health Care9.35%
Consumer Cyclical8.64%
Energy8.31%
Basic Materials8.1%
Technology8.03%
Utility5.01%
Consumer Defensive3.14%
Communication Services3.06%
Real Estate1.42%
Asset Allocation
Asset ClassValue
Cash4.32%
Equity95.68%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | ICICIBANK
5%₹711 Cr7,416,237
Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 07 | LT
4%₹667 Cr2,468,968
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 07 | HDFCBANK
4%₹667 Cr4,243,253
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Dec 16 | M&M
3%₹538 Cr3,415,083
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Mar 17 | BHARTIARTL
3%₹476 Cr5,563,576
Cummins India Ltd (Industrials)
Equity, Since 28 Feb 19 | 500480
3%₹472 Cr2,763,190
↓ -94,007
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 06 | RELIANCE
3%₹466 Cr1,937,574
Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 11 | 532215
3%₹437 Cr4,492,332
State Bank of India (Financial Services)
Equity, Since 31 May 06 | SBIN
3%₹431 Cr7,685,639
Cipla Ltd Shs Dematerialised (Healthcare)
Equity, Since 31 Jul 18 | 500087
3%₹428 Cr3,403,528

5. HDFC Tax Saver Fund

The fund plans to provide long term growth of capital.

HDFC Tax Saver 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 since its launch.  Ranked 27 in ELSS category.  Return for 2022 was 10.5% , 2021 was 35.3% and 2020 was 5.8% .

Below is the key information for HDFC Tax Saver Fund

HDFC Tax Saver Fund
Growth
Launch Date 31 Mar 96
NAV (22 Aug 23) ₹927.646 ↑ 2.38   (0.26 %)
Net Assets (Cr) ₹11,296 on 31 Jul 23
Category Equity - ELSS
AMC HDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 1.84
Sharpe Ratio 1.44
Information Ratio 0.61
Alpha Ratio 6.36
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Aug 18₹10,000
31 Aug 19₹8,819
31 Aug 20₹8,707
31 Aug 21₹13,025
31 Aug 22₹14,624
31 Aug 23₹17,289

HDFC 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 HDFC 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 22 Aug 23

DurationReturns
1 Month 1.5%
3 Month 10.7%
6 Month 15.9%
1 Year 19.9%
3 Year 25%
5 Year 11.8%
10 Year
15 Year
Since launch
Historical performance (Yearly) on absolute basis
YearReturns
2022 10.5%
2021 35.3%
2020 5.8%
2019 3.7%
2018 -10.9%
2017 38.7%
2016 7.6%
2015 -6.2%
2014 56.4%
2013 5.1%
Fund Manager information for HDFC Tax Saver Fund
NameSinceTenure
Roshi Jain13 Jan 221.63 Yr.
Dhruv Muchhal22 Jun 230.19 Yr.

Data below for HDFC Tax Saver Fund as on 31 Jul 23

Equity Sector Allocation
SectorValue
Financial Services35.2%
Technology12.27%
Health Care11.77%
Industrials10.77%
Consumer Cyclical6.55%
Utility5.99%
Communication Services5.85%
Energy4.96%
Real Estate2.28%
Asset Allocation
Asset ClassValue
Cash4.35%
Equity95.65%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
9%₹1,035 Cr10,800,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 15 | HDFCBANK
9%₹1,006 Cr6,400,000
↑ 300,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 19 | BHARTIARTL
6%₹642 Cr7,500,000
Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Jan 22 | HAL
5%₹585 Cr1,500,000
NTPC Ltd Shs Dematerialised (Utilities)
Equity, Since 30 Nov 16 | 532555
5%₹573 Cr26,000,000
Cipla Ltd Shs Dematerialised (Healthcare)
Equity, Since 31 Oct 09 | 500087
5%₹566 Cr4,500,000
↑ 200,000
State Bank of India (Financial Services)
Equity, Since 31 Dec 06 | SBIN
5%₹561 Cr10,000,000
HCL Technologies Ltd (Technology)
Equity, Since 30 Sep 20 | HCLTECH
5%₹539 Cr4,600,000
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Jan 22 | M&M
4%₹504 Cr3,200,000
Infosys Ltd (Technology)
Equity, Since 30 Sep 08 | INFY
4%₹502 Cr3,500,000
↓ -200,000

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 11.9% 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 (22 Aug 23) ₹21.6743 ↑ 0.07   (0.33 %)
Net Assets (Cr) ₹649 on 31 Jul 23
Category Equity - ELSS
AMC Mahindra Asset Management Company Pvt. Ltd.
Rating Not Rated
Risk Moderately High
Expense Ratio 2.48
Sharpe Ratio 1.02
Information Ratio 0.4
Alpha Ratio 1.89
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Aug 18₹10,000
31 Aug 19₹8,870
31 Aug 20₹9,234
31 Aug 21₹15,052
31 Aug 22₹15,847
31 Aug 23₹18,058

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 ₹415,684.
Net Profit of ₹115,684
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 22 Aug 23

DurationReturns
1 Month 0.4%
3 Month 9.6%
6 Month 14.4%
1 Year 14.9%
3 Year 24.5%
5 Year 12.6%
10 Year
15 Year
Since launch 11.9%
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 202.7 Yr.
Fatema Pacha16 Oct 202.88 Yr.

Data below for Mahindra Mutual Fund Kar Bachat Yojana as on 31 Jul 23

Equity Sector Allocation
SectorValue
Financial Services31.37%
Consumer Cyclical14.18%
Technology12.29%
Industrials11.37%
Basic Materials11.11%
Consumer Defensive5.13%
Energy4.92%
Health Care3.73%
Utility2.14%
Real Estate1.59%
Asset Allocation
Asset ClassValue
Cash2.17%
Equity97.83%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 16 | HDFCBANK
8%₹55 Cr349,876
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 19 | ICICIBANK
8%₹50 Cr519,620
↑ 45,500
Infosys Ltd (Technology)
Equity, Since 29 Feb 20 | INFY
5%₹35 Cr243,807
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 18 | RELIANCE
5%₹32 Cr134,154
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 21 | 532215
4%₹28 Cr289,631
Tata Consultancy Services Ltd Shs Dematerialised (Technology)
Equity, Since 31 May 19 | TCS
3%₹22 Cr65,286
↑ 6,000
Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Nov 21 | 500034
3%₹20 Cr27,900
↑ 2,000
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 28 Feb 18 | MARUTI
3%₹17 Cr17,376
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 18 | LT
3%₹17 Cr63,071
NTPC Ltd Shs Dematerialised (Utilities)
Equity, Since 28 Feb 21 | 532555
2%₹14 Cr636,000

Disclaimer:
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.
How helpful was this page ?
Rated 4.8, based on 8 reviews.
POST A COMMENT