This 3-Year Old Tax Saver Mutual Fund (ELSS) Has Offered 28.27% On 3 Years SIP, Check Details

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Investment
oi-Shubham Kumar

| Published: Tuesday, April 26, 2022, 16:22 [IST]

To diversify your assets with mutual fund investments there are various funds that can help you. Although, investing in mutual fund schemes like ELSS not only helps in diversifying the portfolio but also saves tax. The majority of these plans are Flexi cap plans. You may save money by investing it in Indiabulls Tax Savings Fund. For the past three years, this Tax Saver fund has performed good, but you should keep a careful eye on it.

Indiabulls Tax Savings Fund – Direct Plan-Growth

This Tax Saver ELSS was launched on 28 December 2017 by the Indiabulls Mutual Fund. It is an open-ended small-cap fund of its category. The fund’s Asset Under Management is worth Rs 43.25 Crore. The Net Asset Value of this fund declared on 25th April 2022 is Rs 13.79. It has a low expense ratio of 0.05% for direct plan growth compared to its category average expense ratio. 

This is a highly risky fund for investments. CRISIL, the rating agency has rated this fund 3-star. The minimum investment amount required is Rs 500 and the minimum additional investment is Rs 500. Whereas, for SIP the minimum investment required is Rs 500. This fund doesn’t attract any Exit Load. The benchmark of this fund is S&P BSE 500.

Absolute And Annualised Returns

Lump-Sum Returns

Since its launch, it has delivered 7.71% average annual returns.

Tenure Absolute Returns Annualised Returns
1 Year 17.26% 17.16%
2 Year 71.30% 30.84%
3 Year 42.31% 12.47%
Since Inception 37.90% 7.71%

SIP Returns

Tenure Absolute Returns Annualised Returns
1 Year 1.90% 3.53%
2 Year 20.93% 19.46%
3 Year 28.27% 16.86%

Portfolio

The fund has 85% investment in equities of which 66.39% is in large-cap stocks, 7.2% is in mid-cap stocks, and 3.83% in small-cap stocks.

The fund has the majority of its money invested in the Financial, Technology, Energy, Materials, and Construction sectors. It has taken less exposure in the Financial, Technology sectors compared to other funds in the category.

The fund’s top holdings are in Indiabulls Nifty 50 Exchange Traded Fund – Growth, Reliance Industries Ltd., HDFC Bank Ltd., Infosys Ltd., and ICICI Bank Ltd.

Disclaimers

Mutual fund or ELSS investments are subject to market risk. Read all scheme-related documents, and Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn’t guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.

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Story first published: Tuesday, April 26, 2022, 16:22 [IST]

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