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Have you invested in these stocks? If you are already invested in this scheme, you may consider switching to a better performing scheme. Moneycontrol Rank within 219 Diversified Equity Schemes. To provide investors with opportunities for long-term growth in capital along with the liquidity of an open-ended scheme through an active management of investments in a diversified basket of equity stocks spanning the entire market capitalization spectrum and in debt and money market instruments. Load Comments Exit load of 1. 6 months from the date of allotment, 0.
Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol. Have you invested in these stocks? Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol. As the year-end is approaching, every investor is planning to achieve new investment objectives. Smart investors choose their investment funds wisely. This article explains some of the best ELSS fund schemes.
Review: This Aditya Birla ELSS fund is ideal for investors seeking long-term capital growth. Aditya Birla Sun Life Tax Relief 96 is launched in the year 1996 and currently managed by Ajay Garg. It has provided considerable higher returns over the period and has outperformed the industry benchmark. Groww has rated 5 stars for this fund. The fund is eligible for tax benefits under 80C and has a lock-in period of 3 years. This fund is known for its diverse portfolio. Similar to the most of the funds, it also has its fund invested in the financial sector at a weight of 18.
But other sectors such as consumer goods has seen a rise from 17. Since 2006, it is been managed by Ajay Garg and the fund has performed really well. However, it performed bearly in the US recession period of 2008 and also in the year 2011. But if the returns are compared over the period, the returns had outweighed those bear trends. This fund is our top pick for best elss funds for 2018. Reliance Tax Saver Fund has performed well over the recent years.
The fund was launched in the year 2005. It has completed more than a decade and has an astounding rate of 16. In the beginning, this fund focused primarily on mid-cap funds but over the time it has changed its major composition towards large cap funds. However, the fund claims to maintain the balance between large-cap and mid-cap funds. The success of this fund is many a time attributed to its fund manager, Ashwani Kumar.
He has been managing the fund since its inception. Ashwani Kumar also manages some other popular mutual funds other than this fund. Reliance Vision Fund and Reliance Top 200 Fund are some of those popular funds. Fund was started on 26th December 2008. Since it has given mind-blowing returns to investors. The fund is one of those few funds which managed to stand on the positive returns side even during the bear market of 2011. This IDFC ELSS focuses mainly on the small and mid-sized companies to identify the potential trends.
The fund has increased the allocation towards mid-cap funds from 36. Similar to the most of the funds, it has its highest allocation in the financial services sector. The fund is currently being managed by Mr. He is the fund manager since October 2016. The other fund which is managed by Daylynn Pinto is IDFC Sterling Equity.
DSP Black Rock Tax Saver Fund has given considerable higher returns to investors since inception. However the fund saw the downward trend in the year 2007 and 2011, but in the bull market years, the returns counter the effects from the bear period. The growth of this fund is attributed to the investment in fundamentally strong companies. The fund is managed by Rohit Singhania. Prior to joining DSP Black Rock, he has worked with HDFC Securities Ltd.