2 Best ELSS Funds To Invest In 2021 Based On 5-star Rating Of Morningstar
[ad_1]
Read More/Less
DSP Tax Saver Fund Regular Plan Growth
This fund has been there for eight years having been launched by the fund house DSP Mutual Fund in 2013. DSP Tax Saver Direct Plan-Growth CAGR returns for the past year were 66.52 percent, and it has generated 18.91 percent average annual returns since its commencement. The fund has its equity allocation across the Financial, Technology, Energy, Construction, Metals sectors. ICICI Bank Ltd., Infosys Ltd., HDFC Bank Ltd., Axis Bank Ltd., and State Bank of India are the fund’s top five holdings.
The fund’s expense ratio is 1.76 percent, which is much higher than most other ELSS funds. The fund has been rated 5-star as of 24th August 2021 by Morningstar, and it has also been rated 4-star by Value Research and ranked 2 by CRISIL which indicates the consistency of the fund in terms of generating returns. As of 28th September 2021, the fund has a Net Asset Value (NAV) of Rs 87.415 and an Asset Under Management (AUM) of Rs 9,674.96 Cr as of 31st August 2021. The fund has no exit load as it has a lock-in term of 3 years and you can start making SIP in this fund with a minimum amount of Rs 500.
| CAGR since Inception | DSP Tax Saver Fund | NIFTY 500 TRI | NIFTY 50 TRI |
|---|---|---|---|
| 1 Year | 66.52% | 56.94% | 52.24% |
| 3 years | 19.46% | 14.59% | 14.94% |
| 5 Years | 17.33% | 15.53% | 15.70% |
| Source: invest.dspim.com, as of August 31, 2021 |
Axis Long Term Equity Direct Plan Growth
This fund was launched by the fund house Axis Mutual Fund in the year 2009 and thus is performing well for the last 12 years. Since its inception, the fund has generated an annualized return of 18.72%. Axis Long Term Equity Direct Plan-Growth returns of the last 1-year are 59.33%, according to the information from the website of the fund house. The fund has a major equity allocation across the Financial, Services, Technology, Chemicals, Healthcare sectors. Bajaj Finance Ltd., Tata Consultancy Services Ltd., Avenue Supermarts Ltd., Info Edge (India) Ltd., Divi’s Laboratories Ltd. are the fund’s best-performing holdings.
The fund has been rated 5-star by Morningstar as of 30th December 2019. The fund has also achieved a 4-star rating by Value Research and ranked 3 by CRISIL. The fund has an expense ratio of 0.77%, which is quite low by the expense ratio of other funds in the same category. As of 28th September 2021, the fund has a Net Asset Value (NAV) of Rs 75.97 and the AUM of the fund is Rs 33,871.43 as of 31st August 2021. One can start a minimum SIP contribution of Rs 500 per month in this fund.
| Period | Annualised(%) | S&P BSE 200 TRI Benchmark(%) | Nifty 50 TRI Additional Benchmark(%) |
|---|---|---|---|
| Since inception 29th December 2009 | 18.72% | 12.57% | 12.13% |
| 5 Years | 17.31% | 15.82% | 15.70% |
| 3 Years | 16.89% | 14.96% | 14.94% |
| 1 Years | 59.33% | 55.45% | 52.24% |
| Source: axismf.com, Regular Growth as of August 31, 2021 |
Disclaimer
The views and investment tips expressed by authors or employees of Greynium Information Technologies, should not be construed as investment advice to buy or sell stocks, gold, currency, or other commodities. Investors should certainly not take any trading and investment decision based only on information discussed on GoodReturns.in We are not a qualified financial advisor and any information herein is not investment advice. It is informational in nature. All readers and investors should note that neither Greynium nor the author of the articles, would be responsible for any decision taken based on these articles. Please do consult a professional advisor. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates, and authors do not accept culpability for losses and/or damages arising based on information in GoodReturns.in
[ad_2]