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Baroda ELSS 96 Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.17 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.73 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 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 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-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 1.61 -1.81 -1.36 -0.87 3.55 11.95 10.26 5.24 4.91 11.71 --
S&P BSE 500 TRI -1.15 -2.01 -1.35 -3.30 0.86 11.31 10.62 9.51 7.81 12.61 --
Equity: ELSS 1.07 -1.69 -0.79 -1.64 2.96 14.17 14.62 9.69 8.52 14.85 --
Rank within category 16 30 35 12 14 28 30 31 27 26 --
Number of funds in category 38 38 38 38 38 37 36 34 30 28 1

As on 24-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 10.34 (03-Sep-2013 - 10-Sep-2013) -8.44 (19-Aug-2015 - 26-Aug-2015)
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 7.58 13.48 0.14 0.19 1.00 -4.27
S&P BSE 500 TRI 11.88 12.82 0.48 0.72 -- --
Equity: ELSS 11.52 13.02 0.45 0.65 0.95 -0.04
Rank within category 30 26 30 30 26 31
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 31-Jan-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 44
Top 10 Stocks (%) 41.53
Top 5 Stocks (%) 27.86
Top 3 Sectors (%) 57.90
Portfolio P/B Ratio 2.92
Portfolio P/E Ratio 25.62

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 88,097 90,653
Giant (%) 54.90 50.67
Large (%) 15.22 15.11
Mid (%) 24.12 25.96
Small (%) 5.03 8.61
Tiny (%) 0.73 0.26

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 36.24 7.63 0.00 7.04
equal HDFC Financial 18.27 7.19 0.00 5.74
equal Infosys Technology 20.80 7.19 0.00 5.31
equal Kotak Mahindra Bank Financial 36.73 5.12 0.00 5.03
equal HDFC Bank Financial 25.03 9.37 2.86 4.74
equal Larsen & Toubro Construction 17.85 3.52 1.10 3.05
equal Pidilite Industries Chemicals 66.20 2.70 0.00 2.70
equal Bajaj Finserv Financial 37.83 2.71 0.00 2.67
equal State Bank of India Financial 24.82 3.33 0.00 2.65
equal Bajaj Finance Financial 53.25 3.22 0.00 2.60
equal United Spirits FMCG 70.64 2.62 0.00 2.58
down Reliance Industries Energy 20.70 7.36 0.00 2.52
equal HCL Technologies Technology 15.16 3.79 0.00 2.46
equal Mahanagar Gas Energy 14.26 2.44 0.00 2.44
new Escorts Automobile 22.08 2.39 0.00 2.39
equal Tech Mahindra Technology 18.24 4.10 0.00 2.37
equal Fortis Healthcare (India) Healthcare 49.14 2.28 0.00 2.28
up Axis Bank Financial 42.95 4.06 0.00 2.17
equal The Ramco Cements Construction 29.77 2.92 0.00 2.09
equal SBI Life Insurance Company Financial 66.78 2.07 0.00 2.07
new Cholamandalam Invest. & Fin. Financial 20.13 3.28 0.00 1.95
down DCB Bank Financial 13.73 2.92 0.00 1.93
equal Marico FMCG 32.15 3.48 0.00 1.88
up Blue Star Cons Durable 37.40 2.28 0.00 1.83
equal Thermax Engineering 38.09 2.07 0.00 1.78

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-Jan-2020

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:


-1.81%

Change from previous, NAV as on 24-Feb-2020

Dividend: ₹ 34.1000

Growth: ₹ 49.0400

Bonus: ₹ 49.0400


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
Return Since Launch: 11.14%
Benchmark: S&P BSE 200 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 168 Cr (As on 31-Jan-2020)
Expense: 1.93% (As on 31-Jan-2020)
Risk Grade: Above Average
Return Grade: Low
Turnover: 166.00%

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

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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