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Best Performing SIP Funds to Invest in Equity Linked Saving Scheme (ELSS) FY 23 - 24
Top 6 Equity - ELSS Funds

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.

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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	₹117.121 ↑ 0.52	₹5,014	500	11.5	18.2	21	29.6	15.1	4.2
Franklin India Taxshield Growth	₹1,025.21 ↑ 4.34	₹5,250	500	11.6	17.3	18.9	25.6	12.1	5.4
Nippon India Tax Saver Fund (ELSS) Growth	₹90.333 ↑ 0.39	₹12,634	500	11.5	16	16.1	25.2	9.1	6.9
SBI Magnum Tax Gain Fund Growth	₹282.504 ↑ 1.48	₹15,374	500	13.4	20.7	25.3	25.1	14.2	6.9
HDFC Tax Saver Fund Growth	₹927.646 ↑ 2.38	₹11,296	500	10.7	15.9	19.9	25	11.8	10.5
Mahindra Mutual Fund Kar Bachat Yojana Growth	₹21.6743 ↑ 0.07	₹649	500	9.6	14.4	14.9	24.5	12.6	2
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.

Date	Value
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

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

Duration	Returns
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

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	6.87 Yr.
Nishita Shah	31 Jul 23	0.09 Yr.

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

Equity Sector Allocation

Sector	Value
Financial Services	26.52%
Industrials	15.15%
Consumer Cyclical	13.31%
Basic Materials	10.56%
Technology	8.39%
Health Care	7.15%
Consumer Defensive	6.64%
Energy	4.27%
Communication Services	2.15%
Utility	1.74%

Asset Allocation

Asset Class	Value
Cash	4.11%
Equity	95.89%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 May 16 \| ICICIBANK	7%	₹364 Cr	3,800,000
HDFC Bank Ltd (Financial Services) Equity, Since 30 Sep 14 \| HDFCBANK	6%	₹284 Cr	1,806,000
Reliance Industries Ltd (Energy) Equity, Since 31 Jul 18 \| RELIANCE	4%	₹217 Cr	900,000
Axis Bank Ltd (Financial Services) Equity, Since 30 Apr 21 \| 532215	4%	₹195 Cr	2,000,000
Infosys Ltd (Technology) Equity, Since 31 Jul 15 \| INFY	4%	₹194 Cr	1,350,000
State Bank of India (Financial Services) Equity, Since 30 Jun 20 \| SBIN	3%	₹152 Cr	2,700,000
Tata Motors Ltd (Consumer Cyclical) Equity, Since 31 May 20 \| TATAMOTORS	3%	₹150 Cr	2,500,000 ↓ -100,000
NCC Ltd (Industrials) Equity, Since 28 Feb 19 \| NCC	2%	₹115 Cr	6,800,000 ↓ -700,000
KEC International Ltd (Industrials) Equity, Since 30 Sep 15 \| 532714	2%	₹114 Cr	1,700,000
Jindal Steel & Power Ltd Shs Dematerialised (Basic Materials) Equity, Since 31 Mar 18 \| 532286	2%	₹110 Cr	1,600,000

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.

Date	Value
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

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

Duration	Returns
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

Year	Returns
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

Name	Since	Tenure
Anand Radhakrishnan	18 Oct 21	1.87 Yr.
R. Janakiraman	2 May 16	7.34 Yr.

Data below for Franklin India Taxshield as on 31 Jul 23

Equity Sector Allocation

Sector	Value
Financial Services	28.6%
Industrials	13.1%
Consumer Cyclical	12%
Technology	9.8%
Consumer Defensive	9.37%
Basic Materials	6.25%
Utility	4.48%
Communication Services	4.41%
Energy	3.79%
Health Care	1.09%

Asset Allocation

Asset Class	Value
Cash	7.13%
Equity	92.87%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 18 \| ICICIBANK	8%	₹441 Cr	4,600,000
HDFC Bank Ltd (Financial Services) Equity, Since 31 Mar 07 \| HDFCBANK	7%	₹393 Cr	2,500,000
Larsen & Toubro Ltd (Industrials) Equity, Since 31 Dec 19 \| LT	6%	₹297 Cr	1,100,000
Infosys Ltd (Technology) Equity, Since 29 Feb 12 \| INFY	5%	₹273 Cr	1,900,000
Axis Bank Ltd (Financial Services) Equity, Since 30 Jun 14 \| 532215	5%	₹253 Cr	2,600,000
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Jan 07 \| BHARTIARTL	4%	₹231 Cr	2,700,000
State Bank of India (Financial Services) Equity, Since 31 Aug 15 \| SBIN	3%	₹168 Cr	3,000,000
United Spirits Ltd Shs Dematerialised (Consumer Defensive) Equity, Since 31 Oct 18 \| MCDOWELL-N	3%	₹166 Cr	1,650,000
HCL Technologies Ltd (Technology) Equity, Since 31 Oct 21 \| HCLTECH	3%	₹152 Cr	1,300,000
Grasim Industries Ltd (Basic Materials) Equity, Since 30 Jun 11 \| GRASIM	3%	₹143 Cr	800,000

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.

Date	Value
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

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

Duration	Returns
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

Year	Returns
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)

Name	Since	Tenure
Rupesh Patel	1 Jul 21	2.17 Yr.
Ashutosh Bhargava	1 Jul 20	3.17 Yr.
Kinjal Desai	25 May 18	5.27 Yr.
Akshay Sharma	1 Dec 22	0.75 Yr.

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

Equity Sector Allocation

Sector	Value
Financial Services	35.44%
Consumer Cyclical	12.4%
Industrials	9.84%
Consumer Defensive	9.12%
Basic Materials	8.92%
Utility	5.22%
Technology	5.04%
Energy	4.38%
Health Care	3.94%
Communication Services	3.33%
Real Estate	1.51%

Asset Allocation

Asset Class	Value
Cash	0.39%
Equity	99.33%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 29 Feb 20 \| HDFCBANK	9%	₹1,109 Cr	7,056,000
ICICI Bank Ltd (Financial Services) Equity, Since 28 Feb 15 \| ICICIBANK	8%	₹997 Cr	10,400,000 ↓ -300,000
Infosys Ltd (Technology) Equity, Since 31 Mar 20 \| INFY	5%	₹632 Cr	4,400,000
Axis Bank Ltd (Financial Services) Equity, Since 30 Apr 20 \| 532215	4%	₹560 Cr	5,750,000 ↓ -650,000
State Bank of India (Financial Services) Equity, Since 31 Dec 13 \| SBIN	4%	₹483 Cr	8,600,000 ↓ -400,000
Reliance Industries Ltd (Energy) Equity, Since 31 Mar 20 \| RELIANCE	4%	₹457 Cr	1,900,000
NTPC Ltd Shs Dematerialised (Utilities) Equity, Since 28 Feb 19 \| 532555	3%	₹357 Cr	16,200,000
Larsen & Toubro Ltd (Industrials) Equity, Since 31 May 18 \| LT	3%	₹351 Cr	1,300,000
Samvardhana Motherson International Ltd (Consumer Cyclical) Equity, Since 30 Nov 21 \| MOTHERSON	2%	₹304 Cr	31,700,000 ↓ -1,000,000
Linde India Ltd (Basic Materials) Equity, Since 31 Oct 13 \| 523457	2%	₹257 Cr	410,000 ↓ -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.

Date	Value
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

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

Duration	Returns
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

Year	Returns
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

Name	Since	Tenure
Dinesh Balachandran	10 Sep 16	6.98 Yr.

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

Equity Sector Allocation

Sector	Value
Financial Services	25.93%
Industrials	14.7%
Health Care	9.35%
Consumer Cyclical	8.64%
Energy	8.31%
Basic Materials	8.1%
Technology	8.03%
Utility	5.01%
Consumer Defensive	3.14%
Communication Services	3.06%
Real Estate	1.42%

Asset Allocation

Asset Class	Value
Cash	4.32%
Equity	95.68%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 Jan 17 \| ICICIBANK	5%	₹711 Cr	7,416,237
Larsen & Toubro Ltd (Industrials) Equity, Since 28 Feb 07 \| LT	4%	₹667 Cr	2,468,968
HDFC Bank Ltd (Financial Services) Equity, Since 30 Jun 07 \| HDFCBANK	4%	₹667 Cr	4,243,253
Mahindra & Mahindra Ltd (Consumer Cyclical) Equity, Since 31 Dec 16 \| M&M	3%	₹538 Cr	3,415,083
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Mar 17 \| BHARTIARTL	3%	₹476 Cr	5,563,576
Cummins India Ltd (Industrials) Equity, Since 28 Feb 19 \| 500480	3%	₹472 Cr	2,763,190 ↓ -94,007
Reliance Industries Ltd (Energy) Equity, Since 30 Apr 06 \| RELIANCE	3%	₹466 Cr	1,937,574
Axis Bank Ltd (Financial Services) Equity, Since 30 Sep 11 \| 532215	3%	₹437 Cr	4,492,332
State Bank of India (Financial Services) Equity, Since 31 May 06 \| SBIN	3%	₹431 Cr	7,685,639
Cipla Ltd Shs Dematerialised (Healthcare) Equity, Since 31 Jul 18 \| 500087	3%	₹428 Cr	3,403,528

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.

Date	Value
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

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

Duration	Returns
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

Year	Returns
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

Name	Since	Tenure
Roshi Jain	13 Jan 22	1.63 Yr.
Dhruv Muchhal	22 Jun 23	0.19 Yr.

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

Equity Sector Allocation

Sector	Value
Financial Services	35.2%
Technology	12.27%
Health Care	11.77%
Industrials	10.77%
Consumer Cyclical	6.55%
Utility	5.99%
Communication Services	5.85%
Energy	4.96%
Real Estate	2.28%

Asset Allocation

Asset Class	Value
Cash	4.35%
Equity	95.65%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 09 \| ICICIBANK	9%	₹1,035 Cr	10,800,000
HDFC Bank Ltd (Financial Services) Equity, Since 31 Mar 15 \| HDFCBANK	9%	₹1,006 Cr	6,400,000 ↑ 300,000
Bharti Airtel Ltd (Communication Services) Equity, Since 30 Nov 19 \| BHARTIARTL	6%	₹642 Cr	7,500,000
Hindustan Aeronautics Ltd Ordinary Shares (Industrials) Equity, Since 31 Jan 22 \| HAL	5%	₹585 Cr	1,500,000
NTPC Ltd Shs Dematerialised (Utilities) Equity, Since 30 Nov 16 \| 532555	5%	₹573 Cr	26,000,000
Cipla Ltd Shs Dematerialised (Healthcare) Equity, Since 31 Oct 09 \| 500087	5%	₹566 Cr	4,500,000 ↑ 200,000
State Bank of India (Financial Services) Equity, Since 31 Dec 06 \| SBIN	5%	₹561 Cr	10,000,000
HCL Technologies Ltd (Technology) Equity, Since 30 Sep 20 \| HCLTECH	5%	₹539 Cr	4,600,000
Mahindra & Mahindra Ltd (Consumer Cyclical) Equity, Since 31 Jan 22 \| M&M	4%	₹504 Cr	3,200,000
Infosys Ltd (Technology) Equity, Since 30 Sep 08 \| INFY	4%	₹502 Cr	3,500,000 ↓ -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.

Date	Value
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

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

Duration	Returns
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

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	2.7 Yr.
Fatema Pacha	16 Oct 20	2.88 Yr.

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

Equity Sector Allocation

Sector	Value
Financial Services	31.37%
Consumer Cyclical	14.18%
Technology	12.29%
Industrials	11.37%
Basic Materials	11.11%
Consumer Defensive	5.13%
Energy	4.92%
Health Care	3.73%
Utility	2.14%
Real Estate	1.59%

Asset Allocation

Asset Class	Value
Cash	2.17%
Equity	97.83%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Dec 16 \| HDFCBANK	8%	₹55 Cr	349,876
ICICI Bank Ltd (Financial Services) Equity, Since 31 May 19 \| ICICIBANK	8%	₹50 Cr	519,620 ↑ 45,500
Infosys Ltd (Technology) Equity, Since 29 Feb 20 \| INFY	5%	₹35 Cr	243,807
Reliance Industries Ltd (Energy) Equity, Since 31 Mar 18 \| RELIANCE	5%	₹32 Cr	134,154
Axis Bank Ltd (Financial Services) Equity, Since 31 Jan 21 \| 532215	4%	₹28 Cr	289,631
Tata Consultancy Services Ltd Shs Dematerialised (Technology) Equity, Since 31 May 19 \| TCS	3%	₹22 Cr	65,286 ↑ 6,000
Bajaj Finance Ltd (Financial Services) Equity, Since 30 Nov 21 \| 500034	3%	₹20 Cr	27,900 ↑ 2,000
Maruti Suzuki India Ltd (Consumer Cyclical) Equity, Since 28 Feb 18 \| MARUTI	3%	₹17 Cr	17,376
Larsen & Toubro Ltd (Industrials) Equity, Since 31 Aug 18 \| LT	3%	₹17 Cr	63,071
NTPC Ltd Shs Dematerialised (Utilities) Equity, Since 28 Feb 21 \| 532555	2%	₹14 Cr	636,000

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