ELSS
How equity mutual funds fare in the first half of 2024?
ETMutualFunds decided to look at the performance of equity mutual fund categories in the first half of 2024 from the data pulled out from ACE MF.
62% equity mutual funds outperform benchmarks in first half of 2024
Consider various factors beyond fund outperformance, like risk tolerance and financial goals, before making investment decisions based on the first half of 2024's equity mutual fund performance.
Midcap mavericks top mutual fund chart in first half of 2024 with 24% return
Diverse mutual funds excelled in the first half of 2024, with top performers including JM Midcap Fund, Kotak India EQ Contra Fund, and HSBC Large & Mid Cap Fund.
5 Quant Mutual Fund schemes managing assets worth at least Rs 5,000 crore
Quant Mutual Fund is a prominent player in the Indian mutual fund industry and is now under the investigation of the Securities and Exchange Board of India (SEBI) for alleged front-running activities. The company has 27 schemes across various categories like small cap, mid cap, flexi cap among others. Here is a list of top funds of Quant MF as per the assets under management (AUM) as of May 2024:
These 5 ELSS mutual funds turned Rs 30,000 monthly SIP to Rs 1 crore in 10 years
Around 26 ELSS mutual funds have completed 10 years in the market. Four of them turned a monthly SIP of Rs 30,000 to Rs 1 crore in the last 10 years, according to the data from ACE MF.
4 ELSS mutual funds turn monthly SIP of Rs 30,000 to Rs 1 crore in 10 years
Quant ELSS Tax Saver Fund, the topper in the category, turned the monthly SIP investment of Rs 30,000 into Rs 1.45 crore in the last 10 years. The scheme offered an XIRR of 26.58% in the same time period.
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Best tax saving mutual funds or ELSS to invest in June 2024
Tax -saving mutual funds or Equity Linked Savings Schemes (ELSSs) helps you to save income tax under Section 80C of the IT Act. You can invest a maximum of Rs 1.5 lakh in ELSSs and claim tax deductions on your investments every financial year. Are you interested?
Equity MF inflows surge 83% to Rs 34,697 crore in May; debt flows plunge 78%
In May, equity mutual funds experienced a notable 83% increase in inflows to Rs 34,697 crore from April's Rs 18,917 crore. Sectoral/thematic funds saw a remarkable 272% surge, reaching Rs 19,213.43 crore from Rs 5,166.05 crore in April. Flexi cap funds followed with Rs 3,155.07 crore in May, up from Rs 2,172.93 crore in April.
These 6 equity mutual funds lost more than 4% in three months
There were around 284 equity mutual funds in the market that have completed three months of existence. Out of 284 equity schemes, 98 gave negative returns in the said period. Here are the six schemes that lost more than 4%, according to the data by ACE MF.
How top 7 equity MFs performed in the 10 years of Modi government? Here's the list
Mutual fund investors have earned absolute returns of up to 960% in the last 10 years of the Modi government, an analysis of performance showed. Around 195 equity schemes were there in the said period. Here are the top seven, according to data extracted from ACE MF.
29 equity MFs turn Rs 30,000/month SIP to Rs 1 crore in 10 years of Modi government
Around 29 equity mutual funds have turned a monthly SIP investment of Rs 30,000 into Rs 1 crore in the last 10 years of the Modi government.
These 36 equity mutual funds never gave negative annual returns in 10 years of Modi government
ETMutualFunds analysed equity schemes spanning diverse categories, tracking performance from 2014 to 2023 under the Modi government. Notably, 36 schemes consistently delivered positive returns, showcasing resilience across various market conditions. Notable inclusions are arbitrage, equity savings, balanced advantage funds, among others
Equity mutual funds deliver up to 240% return in Modi government's second term
Equity mutual fund categories under Modi's second term witnessed significant returns, with small cap funds leading at 243.94%. Nippon India Small Cap Fund topped with 304.07%. ELSS funds, large cap, and aggressive hybrid funds also showed notable performance.
Mutual fund investors earn up to 960% returns in 10 years of Modi government
Mutual fund investors have earned impressive returns of up to 960% in the last 10 years of the Modi government. Around 195 equity schemes were analyzed, with top performers including Nippon India Small Cap Fund and SBI Small Cap Fund.
These 14 mutual funds multiplied investors’ wealth by over 7.50x in 10 years of Modi government
Around 14 equity mutual funds (MFs) multiplied investors' wealth by over 7.50 times in the last 10 years of the Modi-led government. Around 149 MF schemes were there in the said period, according to ACE MF data.
18 equity mutual funds deliver up to 79% return in one year. Have you invested in any?
Around 18 equity mutual funds, including Quant Value Fund and Quant Mid Cap Fund, delivered over 60% returns in the last year. An analysis of their performance highlighted significant growth, emphasizing the importance of informed investment decisions.
These 34 equity mutual funds double investors' wealth in three years
Around 34 equity mutual funds have doubled investors' wealth in the last three years through schemes like Motilal Oswal Midcap Fund and small cap funds like Quant Small Cap Fund and Nippon India Small Cap Fund.
Equity mutual fund folios increase by 2.2% in April
Total equity mutual fund (MF) folios (open-ended) as of April 30, 2024, stood at 12.55 crore, a 2.2% uptick. The category added 27.31 lakh folios in April, according to Geojit.
Looking to invest Rs 25,000/month to get Rs 1 crore in 10 years? Read on
Equity mutual funds like Quant Small Cap Fund and Nippon India Small Cap Fund, have shown significant growth, with high XIRR percentages over the years.
MFs record net inflows for 38th month in a row, SIPs at new high
With corporates buying debt funds again at the start of the financial year, debt funds saw inflows of ₹1.90 lakh crore. Total average assets under management of the industry moved to a new high of ₹57.01 lakh crore, compared with ₹55 lakh crore in the previous month.
Best tax saving mutual funds or ELSS to invest in May 2024
Tax -saving mutual funds or Equity Linked Savings Schemes (ELSSs) helps you to save income tax under Section 80C of the IT Act. You can invest a maximum of Rs 1.5 lakh in ELSSs and claim tax deductions on your investments every financial year. Are you interested?
27 equity mutual funds deliver over 15% return in five years
The other schemes in the list gave returns ranging between 6.21%-14.89%. Despite offering double digit returns some schemes could not feature in the above list as they offered less than 15% return in the said period.
54% equity mutual funds outperformed their benchmarks in April
54% equity mutual funds outperformed benchmarks in April across various categories. Contra funds led with 100% outperformance. Value, ELSS, Large & Mid Cap, Flexi Cap, and Multi Cap funds also showed strong performance.
Shashi Tharoor’s mutual fund portfolio worth Rs 1.72 crore has these 23 schemes
Shashi Tharoor, Chairman of the Parliamentary Standing Committee on Information Technology and former Minister of State for HRD and External Affairs, filed his nomination papers for Thiruvananthapuram Lok Sabha seat in 2024 general elections. He has declared that his total investments in mutual funds was at Rs 1.72 crore.
Top 10 equity mutual funds that gave highest SIP returns in last 7 years
Around 166 equity mutual funds have completed seven years in the market. Here are the top 10 schemes that delivered the highest returns on SIP investments in the last seven years, according to the data by ACE MF.
Smriti Irani’s Rs 88 lakh mutual fund portfolio has these 7 schemes
Smriti Irani had invested in around seven mutual fund schemes at the end of March 2024. She had two midcap funds in her portfolio. The total market value of Irani's investments in SBI Magnum Midcap Fund and Kotak Emerging Equity Fund was recorded at Rs 23.29 lakh and 14.88 lakh, respectively as of March 31.
How to plan your income tax savings for FY25 using ELSS mutual funds?
Plan tax savings for FY25 with ELSS funds. Invest Rs 1.5 lakh early using lumpsum, SIP, or STP. Consider various investment options for Section 80C benefits. ELSS offers higher returns than traditional options.
Mutual fund SIP investors make a killing with monthly investment of just Rs 20,000
Around 10 equity mutual funds turned Rs 20,000 monthly SIP investments to Rs 1 crore in 10 years, according to data by ACE MF. There were around 96 equity schemes in the market that have completed 10 years of presence.
6 ELSS mutual funds outperform their benchmarks in 3,5,7, and 10 years
ETMutualFunds did a data crunching and found that six ELSS funds have consistently outperformed their respective benchmarks in 3, 5, 7, and 10 years, according to the data from ACE MF. Here are the consistent outperformers
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