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3 star

Baroda ELSS 96 Fund - Direct Plan


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.82 Lakh

₹ 10000

Monthly SIP Grown to
₹ 5.75 Lakh

Suitability:

"When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to 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 for 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 fund 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 are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 2.22 -1.30 -0.02 5.44 -3.08 16.92 39.84 22.02 15.52 11.82 --
S&P BSE 500 TRI 5.26 0.32 1.83 7.61 0.14 15.17 33.45 21.39 18.41 13.86 --
Equity: ELSS 3.70 -1.22 0.37 6.08 -0.89 13.25 35.13 21.59 17.72 13.72 --
Rank within category 33 28 34 29 34 3 7 15 28 22 --
Number of funds in category 37 37 37 37 37 37 37 34 33 28 1

As on 18-Jan-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Baroda ELSS 96 Fund - Direct Plan
3 star
Jan-13 39.84 22.02 15.52 1.74% 217
Axis Long Term Equity Fund - Direct Plan
4 star
Jan-13 29.77 23.23 20.53 0.76% 33,785
Mirae Asset Tax Saver Fund - Direct Plan  | Invest Online
5 star
Dec-15 37.59 26.96 23.55 0.41% 10,660
DSP Tax Saver Fund - Direct Plan  | Invest Online
4 star
Jan-13 37.99 24.48 18.66 0.87% 9,636
IDFC Tax Advantage (ELSS) Fund - Direct Plan
4 star
Jan-13 51.76 25.82 21.22 0.70% 3,533

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 10.34 03-Sep-2013 - 10-Sep-2013 -17.87 11-Mar-2020 - 18-Mar-2020
Month 18.53 07-May-2014 - 06-Jun-2014 -34.96 20-Feb-2020 - 23-Mar-2020
Quarter 29.88 23-Mar-2020 - 22-Jun-2020 -32.77 23-Dec-2019 - 23-Mar-2020
Year 92.12 23-Mar-2020 - 23-Mar-2021 -30.44 22-Mar-2019 - 23-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 21.30 20.30 0.87 0.92 0.91 2.57
S&P BSE 500 TRI 20.28 21.92 0.75 0.85 -- --
Equity: ELSS 20.43 21.50 0.78 0.83 0.95 0.94
Rank within category 13 8 12 10 9 14
Number of funds in category 35 35 35 35 35 35

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

As on 31-Dec-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 50
Top 10 Stocks (%) 41.89
Top 5 Stocks (%) 27.78
Top 3 Sectors (%) 52.15
Portfolio P/B Ratio 3.93
Portfolio P/E Ratio 26.92

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,00,113 1,38,142
Giant (%) 45.79 54.34
Large (%) 9.12 14.65
Mid (%) 37.93 24.51
Small (%) 7.16 6.65
Tiny (%) -- 0.25

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal ICICI Bank Financial 26.45 8.09 5.40 7.00
equal Infosys Technology 36.53 9.95 0.00 6.97
equal HDFC Bank Financial 23.35 9.37 3.93 5.46
equal Persistent Systems Technology 57.16 4.53 0.00 4.53
equal Reliance Industries Energy 32.63 8.01 0.00 3.82
equal Sun Pharmaceutical Industries Healthcare 32.26 3.51 0.00 3.51
equal Dalmia Bharat Construction 29.93 3.64 0.00 2.98
equal Axis Bank Financial 22.37 4.06 0.95 2.90
equal HCL Technologies Technology 29.56 2.70 0.00 2.43
equal Tata Power Company Energy 54.62 2.34 0.00 2.29
equal Zee Entertainment Services 26.31 2.33 0.00 2.22
equal Aditya Birla Fashion and Retail Services -- 3.11 0.00 2.20
up Coforge Technology 62.62 2.17 0.00 2.17
equal Hindalco Inds. Metals 11.33 2.31 0.00 2.08
equal Fortis Healthcare Healthcare 48.83 2.39 0.00 2.06
equal Sona BLW Precision Forgings Automobile 200.90 2.15 0.00 2.06
equal JB Chemicals & Pharma Healthcare 28.59 1.85 0.00 1.85
equal Timken India Engineering 66.65 1.94 0.00 1.83
equal Dabur India FMCG 55.44 2.74 0.00 1.74
equal Minda Industries Automobile 92.45 1.70 0.00 1.70
equal Ashok Leyland Automobile -- 2.00 0.00 1.70
equal Sterlite Technologies Communication 22.93 1.77 0.00 1.66
equal Tech Mahindra Technology 31.87 3.08 1.27 1.65
equal Indusind Bank Financial 17.65 1.69 0.00 1.64
new Hindustan Unilever FMCG 64.66 4.09 0.00 1.63

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 31-Dec-2021

Fund Manager

— 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:


-1.30%

Change from previous, NAV as on 18-Jan-2022

IDCW: ₹ 53.8400

Growth: ₹ 82.4800

Bonus: ₹ 82.4800


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

Min. Investment (₹) 500
Min. Addl Investment (₹) 500
Min. SIP Investment (₹) 500
Min. No of Cheques 12
Min. Withdrawal (₹) 1
Min. Balance (₹) 1
Lock-in Period 3 Years
Exit Load 0

Basic Details

Fund House: Baroda Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 15.13%
Benchmark: S&P BSE 500 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 217 Cr (As on 31-Dec-2021)
Expense: 1.74% (As on 31-Dec-2021)
Risk Grade: Above Average
Return Grade: Average
Turnover: 88.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW23-Mar-20212.6000

 22-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: http://www.barodapioneer.in

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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