Mahindra Dhan Sanchay Yojana
Dhan Sanchay Yojana Direct – Mahindra Manulife Equity Savings manages a total of 281 crores in assets (AUM). The fund has a 0.72 percent cost ratio, which is lower than most other Equity Savings funds. The fund now has a 44.97 percent stock allocation and a 13.03 percent debt allocation.
Mahindra Manulife Equity Savings Dhan Sanchay Yojana Direct has a growth rate of 32.22 percent during the last year. It has returned an average of 12.14 percent every year since its inception. Through investments in equity and equity-related securities, arbitrage opportunities, and debt and money market instruments, the Scheme aims to create long-term capital appreciation as well as income.
A three-year SIP of Rs 10,000 would provide a current value of Rs 4.85 lakh and a profit of Rs 1.25 lakh. Value Research has given the fund a 5-star rating.
Principal Equity Savings Fund
The Principal Equity Savings Fund Direct-Growth manages assets of 86 crores (AUM). The fund’s expense ratio is 0.95 percent, which is comparable to the expense ratios charged by most other Equity Savings funds. The fund now has a 45.59 percent stock allocation and a 21.67 percent debt allocation.
The fund’s 1-year returns were 30.16 percent. It has had an average yearly return of 9.58 percent since its inception. Using equities and equity-related instruments, arbitrage opportunities, and investments in debt and money market instruments, the strategy intends to offer capital appreciation and income distribution.
A three-year monthly SIP of Rs 10,000 would provide a current value of Rs 4.78 lakh and a profit of Rs 1.18 lakh. Value Research has given the fund a 5-star rating.
Axis Equity Saver Fund
The Axis Equity Saver Fund Direct-Growth manages assets worth 901 crores (AUM). The fund’s expense ratio is 0.98 percent, which is comparable to the expense ratios charged by most other Equity Savings funds. The fund currently has a 41.48 percent equity allocation and a 33.25 percent debt allocation.
The fund has returned 27.12 percent during the last year. It has generated an average yearly return of 10.31% since its inception.
The plan uses equities and equity-related instruments, arbitrage opportunities, and investments in debt and money market instruments to deliver capital appreciation and income distribution to investors. Axis Equity Saver Fund’s NAV on October 5, 2021 is 18.28.
A three-year monthly SIP of Rs 10,000 would provide a current value of Rs 4.61 lakh and a profit of Rs 1.01lakh. Value Research has given the fund a 4-star rating.
HDFC Equity Savings Fund
The HDFC Equity Savings Direct Plan-Growth manages assets of Rs 2,443 crores (AUM). The fund’s expense ratio is 1.29 percent, which is greater than the expense ratios charged by most other Equity Savings funds. The fund now has a 40.45% equity allocation and a 29.63 percent debt ratio.
HDFC Equity Savings Direct Plan has a 1-year growth rate of 31.09 percent. It has had an average yearly return of 10.82 percent since its inception.
A three-year monthly SIP of Rs 10,000 would provide a current value of Rs 4.6 lakh and a profit of Rs 1 lakh. Value Research has given the fund a 4-star rating.
L&T Equity Savings Fund
The L&T Equity Savings Fund Direct-Growth manages assets of 73 crores (AUM). The fund has a 0.69 percent cost ratio, which is lower than most other Equity Savings funds. The fund currently has a 43.58 percent stock allocation and a 25.37 percent debt allocation.
The 1-year returns on the L&T Equity Savings Fund Direct-Growth are 26.56 percent. It has generated an average yearly return of 9.41% since its inception. L&T Equity Savings Fund’s NAV on October 5, 2021 is 24.41.
A three-year monthly SIP of Rs 10,000 would provide a current value of Rs 4.57lakh and a profit of Rs 97,026 lakh.
SBI Equity Savings Fund
The SBI Equity Savings Fund Direct-Growth manages assets of 1,719 crores (AUM). The fund has a 0.67 percent cost ratio, which is lower than most other Equity Savings funds. The fund now has a 34.56 percent stock allocation and a 24.38 percent debt allocation.
The 1-year returns for SBI Equity Savings Fund Direct-Growth are 25.40 percent. It has generated an average yearly return of 10.22% since its inception.
A three-year monthly SIP of Rs 10,000 would provide a current value of Rs 4.56lakh and a profit of Rs 95,517 lakh.
Who should consider investing in Equity Savings Funds?
Equity Savings Funds are handled similarly to equity-oriented balanced funds, with equities up to 65 percent of the portfolio. The sole difference between balanced funds and equity savings funds is that a portion of the equity allocation may be hedged using derivatives, thus the overall equity exposure may not reflect the underlying risk profile of the fund.
These funds are ideal for investors who want equity exposure but don’t have the time to commit to a long-term investment strategy. Unlike other equity investments, these are low-risk funds that are meant to bear specified returns. Furthermore, despite the fact that they are not required to, few of these funds seek to offer monthly dividend income to investors.
Disclaimer
Investing in mutual funds poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. The above article is for informational purposes only.
