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Baroda ELSS 96 Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.25 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.69 Lakh

Analyst's Choice?

Suitability:

When you invest for five years or above, you can expect gains that comfortably beat the inflation rate and are also higher than fixed income options. In addition, you get tax exemption on the invested amount under Section 80C of the Indian income tax laws. As per this section, total investments of upto Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.

But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.

Like all equity funds, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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(₹)
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Trailing Returns (%)

YTD 1 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 5.01 0.09 6.76 6.32 7.66 5.98 --
S&P BSE 200 TRI 9.52 1.72 8.77 10.63 13.88 9.66 --
Equity: ELSS 8.37 1.10 8.26 9.40 12.24 9.55 --
Rank within category 27 33 29 26 32 27 --
Number of funds in category 35 38 37 35 34 29 1

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 18.53 (07-May-2014 - 06-Jun-2014) -14.55 (07-Sep-2018 - 09-Oct-2018)
Quarter 24.34 (13-Mar-2014 - 12-Jun-2014) -14.88 (23-Aug-2018 - 22-Nov-2018)
Year 66.12 (03-Sep-2013 - 03-Sep-2014) -18.90 (12-Feb-2015 - 12-Feb-2016)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.80 14.02 0.14 0.21 1.01 -5.42
S&P BSE 200 TRI 13.76 12.78 0.63 1.00 -- --
Equity: ELSS 12.22 13.45 0.48 0.73 0.96 -0.59
Rank within category 32 25 32 32 25 33
Number of funds in category 34 34 34 34 34 34

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Nov-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 45
Top 10 Stocks (%) 44.54
Top 5 Stocks (%) 28.89
Top 3 Sectors (%) 61.42
Portfolio P/B Ratio 2.85
Portfolio P/E Ratio 24.98

Portfolio Aggregates

Fund Benchmark Category
Average Mkt Cap (Rs Cr) 92,450 3,01,056 96,702
Giant (%) 53.90 64.44 52.39
Large (%) 18.35 20.06 15.16
Mid (%) 18.17 15.30 24.27
Small (%) 8.79 0.21 8.53
Tiny (%) 0.79 -- 0.27

Value Research Fund Style

Sector Allocation vis-à-vis Benchmark

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
down ICICI Bank Financial 67.66 7.63 0.00 7.11
up Reliance Industries Energy 23.90 6.21 0.00 6.21
down HDFC Financial 33.50 7.19 0.00 5.66
new Kotak Mahindra Bank Financial 39.32 4.98 0.00 4.98
up Infosys Technology 19.54 7.19 0.00 4.93
down HDFC Bank Financial 29.57 9.37 0.00 3.93
equal Larsen & Toubro Construction 19.37 3.52 1.10 3.07
equal State Bank of India Financial 29.35 3.40 0.00 2.95
up DCB Bank Financial 15.05 3.45 0.00 2.92
equal Aditya Birla Fashion and Retail Services 58.89 3.11 0.00 2.78
equal City Union Bank Financial 23.22 3.43 0.00 2.77
new United Spirits FMCG 57.90 2.62 0.00 2.62
down Bajaj Finance Financial 49.61 3.22 0.00 2.51
equal HCL Technologies Technology 14.61 4.12 0.00 2.43
up Tech Mahindra Technology 16.63 4.10 0.00 2.35
equal The Ramco Cements Construction 29.17 2.92 0.00 2.22
equal Marico FMCG 35.85 3.48 0.00 2.22
new SBI Life Insurance Company Financial 79.64 2.07 0.00 2.07
new Bajaj Finserv Financial 39.25 2.53 0.00 1.96
equal Pidilite Industries Chemicals 62.76 2.43 0.00 1.85
up Axis Bank Financial 47.71 4.06 0.00 1.82
equal Dr. Reddy's Lab Healthcare 17.12 1.80 0.00 1.80
equal Thermax Engineering 41.48 2.07 0.00 1.77
up HPCL Energy 8.02 2.27 0.00 1.74
new Fortis Healthcare (India) Healthcare 87.65 1.71 0.00 1.71

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 30-Nov-2019

Fund Manager

— Dipak Acharya since 01-Jan-2013

Education: Mr.Acharya is M.Com., AICWA, CAIIB & PGPMS

Experience: Prior to joining Baroda AMC in 2008 he has worked with BOB.

Funds Managed:

— Sanjay Chawla since 01-Nov-2015

Education: Mr. Sanjay Chawla holds a Masters degree in Management Studies from BITS, Pilani.

Experience: Prior to joining Baroda Mutual Fund, he worked as Senior Fund Manager with BSL AMC. Before joining Birla, he worked as Head of Research with SBI Capital Markets and has worked in various capacities in equity research space in Motilal Oswal Securities, IDBI Capital Markets, SMIFS Securities, IIT Invest Trust & Lloyds Securities.

Interviews:

Funds Managed:


0.51%

Change from previous, NAV as on 13-Dec-2019

Dividend: ₹ 33.3100

Growth: ₹ 47.9100

Bonus: ₹ 47.9100


Investment Strategy

The scheme seeks to achieve long-term capital growth as also tax benefits. The funds will be invested in equities. The scheme went open-ended from March 2000.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 1
Minimum Balance (₹) 1
Exit Load 0

Basic Details

Fund House: Baroda Mutual Fund
Launch Date: 01-Jan-2013
Benchmark: S&P BSE 200 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 162 Cr (As on 30-Nov-2019)
Expense: 1.71% (As on 30-Nov-2019)
Risk Grade: Above Average
Return Grade: Low
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend22-Mar-20191.3724

 16-Mar-20183.2500
 24-Mar-20172.5000
 23-Feb-20152.2500
 14-Mar-20142.0000
 01-Feb-20131.5000

Contact Information

AMC: Baroda Asset Management India Ltd

Address: 501, Raheja Titanium, Western Express Highway, Goregoan, (E) Mumbai - 400063

Phone: +91 22-3074 1000

Fax: +91 22-3074 1001

Email: [email protected]

Website: www.barodapioneer.in

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Investors' Hangout

Why you should ditch dividend plans

dateFriday, 20-Dec-2019
time12:30 PM - 01:00 PM