SUNDARAM TAX SAVER
Tax-saving ELSS fund gave 17.6% returns in three years; should you invest?
SUNDARAM ELSS TAX SAVER FUND: It takes a large-cap tilt like many of its peers in the tax-saving fund category. It has a preference for growth-oriented businesses with large opportunity size, superior capital efficiency and earnings growth. The portfolio is heavily diversified, running bigger positions in its frontline bets.
12 equity mutual funds crossed Rs 1,000 NAV. Here is the performance
Around 12 equity mutual funds have crossed Rs 1,000 NAV, according to the data by ACE MF. Three flexi cap and mid cap, two ELSS, one aggressive hybrid, large & mid cap, large cap, and a thematic fund featured on the list. Here is how these equity mutual funds have fared since their inception.
These 7 ELSS funds underperformed benchmarks in three consecutive years
We considered regular and growth options for the analysis. We analysed the yearly performance of ELSS schemes for a period of five years from 2019 to 2023 and considered the ELSS schemes that have underperformed their respective benchmarks for three consecutive years. These schemes are benchmarked against NIFTY 500 - TRI, S&P BSE 100 - TRI, and S&P BSE 500 - TRI.
23 equity mutual funds offer over 30% SIP returns in five years
Quant Small Cap Fund topped the list with 46.70% SIP returns. Nippon India Small Cap Fund offered 37.92% returns. Quant Mid Cap Fund, Bank of India Small Cap Fund, and Quant ELSS Tax Saver Fund also performed well with returns of 34.45%, 34.44%, and 34.05% respectively. The analysis considered XIRR (% returns) for schemes with a five-year horizon from January 2019 to January 2024.
Did your ELSS Fund’s name change? Should you do anything?
Fund houses earlier used to name their schemes as per their choice, but the new names have ELSS and/or tax saver in them. For example, ICICI Prudential Long Term Equity Fund (Tax Saving) is renamed ICICI Prudential ELSS Tax Saver Fund. Similarly, Mirae Asset Tax Saver Fund will now be called Mirae Asset ELSS Tax Saver Fund.
23 ELSS funds change names
“This change is generally to bring uniformity across the names and the category. This guideline by Sebi will bring parity on the name of the schemes. Most of the fund houses have it in other categories, now they are bringing parity in this category,” says Chokkalingam Palaniappan, Director of Prakala Wealth, a Chennai-based advisory firm.
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This ELSS fund gave 26% returns in 3-year period; should you invest?
KOTAK TAX SAVER FUND: This fund has a large-cap bias like many of its peers, with a modest presence in both mid- and small-cap segments. The portfolio is well diversified, with healthy exposure in its top bets. The fund manager is comfortable taking high active positions in individual bets. Should you invest in it?
22 ELSS funds multiplied investors’ wealth by almost two times in three years
We only considered regular and growth options. Around 36 ELSS schemes completed three years in the market. Out of 36 schemes, 22 schemes multiplied investors wealth by almost two times. We considered CAGR on lumpsum investment.
Looking for schemes with highest risk-adjusted returns? Check out these top 5 options
When choosing schemes, investors should be mindful of the associated risks, while looking at their percentage returns. A risk-adjusted return calculates likely profit in an investment, considering possible risks.
18 ELSS mutual funds beat their benchmarks in 10 years; offer 12-17% returns
ETMutualFunds looked at the ELSS category to see whether the schemes in it managed to beat their benchmarks over the 10-year period. There were 27 schemes in the ELSS category that have completed 10 years of existence.
28 equity schemes consistently beat their benchmarks in 3, 5, 7, and 10 years
The purpose of this was to see how many schemes consistently beat their benchmarks in different periods like three, five, seven, and 10 years. Mutual fund advisors often ask investors to choose schemes that have consistently beaten their benchmarks over a long period of time.
Year-End Special: ELSS category offered 4% in 2022, but toppers gave double-digit returns
Active ELSS schemes saw inflows of Rs 6,932.21 crore between January and October 2022. The category had witnessed outflows of Rs 3,291.83 crore in 2021.
Most ELSS funds gave 12% or more in 10 years. Why should you invest in them?
There were 27 schemes that have been in the market for 10 years or more. Out of these, 26 schemes offered double-digit returns.
8 ELSS or tax saving mutual funds complete 25 years; 6 offer 15-23% CAGR
The ELSS category manages a whopping Rs 1.5 lakh crore, as on August 31. These schemes have come a long way from offering a maximum tax deduction of Rs 10,000 in a financial year in 2006 to Rs 1.5 lakh today.
50 mutual fund schemes completed 25 years this year. How much returns did they offer?
The oldest equity scheme is the UTI Mastershare Fund, a large cap fund, that was launched in 1986. The oldest fund in the debt category is JM Medium to Long Duration which was launched in 1995.
AMCs prepare to launch new mutual fund schemes from next month as Sebi restriction nears end
After a temporary pause, asset management companies are gearing up to launch new mutual fund schemes from the next month as capital markets regulator Sebi's three-month ban on the introduction of new fund offerings nears its end.
These equity mutual funds outperformed their benchmark by wide margins in 2019
We considered large cap, mid cap, large & mid cap, small cap, multi cap, tax-saving or ELSS, value-oriented, and focused schemes for the study.
Should I exit DSP BlackRock Tax Saver Fund?
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Use correction to enter midcaps and smallcaps: S Krishna Kumar, Sundaram MF
"We are in a phase when market is getting impacted by global events and Indian macros"
5 tax-saving funds that have given stellar returns in the past 5 years
Investors can save tax by investing up to Rs 1.5 lakh under Section 80C of the Income Tax act.
Sundaram Diversified Equity Fund: Not among the best tax saving funds
While the fund has improved its risk-return profile to some extent of late, it is yet to show consistency over a longer period of time.
Pick the ELSS mutual fund that suits your risk profile: Here's how
These funds are suited for wealth building over the long-term and patient investors can reap rewards from staying invested for a reasonable period of time.
Mutual funds line up dividends on ELSS to woo tax savers
Despite the poor show by the markets, sales in ELSS increased 12% year-on-year to Rs 2,154 crore in January and February.
The market overreacted expecting a rate cut: Sunil Subramaniam, Sundaram Mutual Fund
"While the government has wisely decided against splurging on infrastructure in the Budget, there is no case for the RBI to front-load interest rate cut"
Chrys Capital offloads stake in Shriram City Union
Chrys Capital has offloaded about 22.89 lakh shares, or about 4% stake, in Shriram Group's retail financing arm Shriram City Union for Rs 171.74 crore.
Go for capital protection than capital formation in 2012: Satish Ramanathan, Sundaram Mutual
2012 will also be a year of capital protection. It will not be something of taking risk, says Satish Ramanathan, Director & Head Equities, Sundaram Mutual.
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