Tax Saver MF SIP: Value Research Rates 5-Star To These 3 ELSS Funds

Tax saving is one of the core reasons for investors while looking for investing in several investment destinations. Investors with a high-risk appetite might choose Equity Linked Saving Scheme (ELSS) funds, which provide tax-saving mutual funds under Section 80C of the Internal Revenue Code. These three ELSS funds have received a 5-star rating from Value Research for such investors. Before investing in ELSS mutual funds, however, investors should be aware that there is a 3-year lock-in period, which means they must stay in these tax-saving mutual funds for at least 3 years. In the case of mutual funds, each monthly SIP will have a three-year lock-in period.

As per Value Research, If the mutual fund units are sold after 1 year from the date of investment, will gains up to Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%. If mutual fund units are sold within one year of when they were purchased, the full gain is taxed at a rate of 15%. As long as you keep the units of the mutual funds, you won't have to pay any taxes.

BOI AXA Tax Advantage- Direct-Growth

NAV	Fund Size	Expense Ratio
₹111.33	₹ 552.46 Cr	1.57%

NAV as on 04 February 2022

As of December 31, 2021, BOI AXA Tax Advantage Direct-Growth has Rs 552 crores is AUM. The past year's Fund's Direct-Growth returns are 31.46%. It has had an average yearly return of 18.65% since its inception. Every two years, the fund has quadrupled the money put in it. The fund invests 98.24% of its assets in Indian stocks, with 27.83% in large-cap stocks, 22.09% in mid-cap stocks, and 21.13% in small-cap equities. The fund contains a 0.2% debt investment, with 0.2% of that in government securities. The Financial, Technology, Chemicals, Healthcare, and Services sectors account for the majority of the fund's holdings. In comparison to other funds in the category, it has less exposure to the Financial and Technology sectors.

Returns

on the SIP of Rs 1,000

Period Invested for	Absolute Returns	Annualised Returns
1 Year	10.40%	19.68%
2 Year	43.57%	38.99%
3 Year	63.05%	34.36%
5 Year	81.34%	23.99%

Mirae Asset Tax Saver- Direct Plan-Growth

NAV	Fund Size	Expense Ratio
₹34.28	₹ 10660.11 Cr	0.41%

NAV as on 04 February 2022

As of December 31, 2021, Mirae Asset Tax Saver Fund Direct-Growth has an AUM of Rs 10,660 Crores, making it a medium-sized fund in its category. Over the last year, Fund's Direct-Growth plan returns have been 26.78%. Whereas, the fund has returned an average of 22.34 % every year since its inception. Every two years, the fund has quadrupled the money put in it. The fund is invested in Indian equities to the tune of 99.31%, out of which 59.17% in big-cap stocks, 13.47 % in mid-cap stocks, and 8.13% in small-cap stocks. The majority of the money in the fund is invested in the financial, technology, automotive, energy, and healthcare industries. In comparison to other funds in the category, it has less exposure to the Financial and Technology industries.

Returns

On SIP of Rs 1,000

Period Invested for	Absolute Returns	Annualised Returns
1 Year	11.08%	21.00%
2 Year	44.58%	39.84%
3 Year	58.13%	32.04%
5 Year	80.78%	23.86%

 

Quant Tax Plan - Direct-Growth

NAV	Fund Size	Expense Ratio
₹245.72	₹ 658.11 Cr	0.50%

NAV as on 04 February 2022

As of December 31, 2021, Quant Tax Plan Direct-Growth has Rs 658 crores in AUM. The recent one-year returns on the Quant Tax Plan Direct-Growth are 58.95%. It has returned an average of 22.41% every year since its inception. Every two years, the fund has quadrupled the money put in it. The fund is invested in Indian equities to the tune of 97.79%, with 53.28% in big-cap stocks, 14.97% in mid-cap stocks, and 24.35% in small-cap stocks. The fund's investments are mostly in the services, construction, FMCG, financial, and metals industries. In comparison to other funds in the category, it has less exposure to the Services and Construction industries. 

Returns

On SIP of Rs 1,000

Period Invested for	Absolute Returns	Annualised Returns
1 Year	21.74%	42.28%
2 Year	80.43%	68.58%
3 Year	108.08%	53.72%
5 Year	135.26%	34.97%

Disclaimer

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