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Baroda ELSS 96 Fund

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Equity: ELSS

1 Lakh

Investment declined to
₹ 0.93 Lakh

₹ 10000

Monthly SIP Declined to
₹ 3.44 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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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 -5.83 1.69 -0.35 6.21 19.31 -7.55 1.76 -2.30 2.24 10.24 6.32
S&P BSE 500 TRI -7.10 1.62 -0.64 4.74 20.15 -6.93 3.01 2.51 6.34 12.57 8.48
Equity: ELSS -7.14 1.26 0.11 4.69 17.57 -8.13 2.64 0.52 4.59 13.10 8.91
Rank within category 11 2 21 6 7 13 16 22 21 22 22
Number of funds in category 32 32 32 32 32 32 31 28 24 23 22

As on 04-Aug-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Baroda ELSS 96 Fund
1 star
 Mar-96 1.76 -2.30 2.24 2.53 149
Axis Long Term Equity Fund  | Invest Online
5 star
 Dec-09 2.80 5.26 7.15 1.73 20,292
Aditya Birla Sun Life Tax Relief 96  | Invest Online
4 star
 Mar-96 3.78 1.73 5.80 1.92 10,101
DSP Tax Saver Fund  | Invest Online
4 star
 Jan-07 2.23 1.75 6.91 1.90 5,789
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
4 star
 Dec-15 5.34 5.08 -- 1.80 3,538

Best & Worst Performance

Best (Period) Worst (Period)
Week 18.75 (13-May-2009 - 20-May-2009) -17.88 (11-Mar-2020 - 18-Mar-2020)
Month 36.51 (11-May-2009 - 10-Jun-2009) -36.66 (24-Sep-2008 - 24-Oct-2008)
Quarter 81.37 (09-Mar-2009 - 10-Jun-2009) -44.46 (28-Jul-2008 - 27-Oct-2008)
Year 140.15 (23-Apr-2003 - 22-Apr-2004) -60.01 (14-Jan-2008 - 13-Jan-2009)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -0.33 20.61 -0.27 -0.30 0.93 -5.11
S&P BSE 500 TRI 4.74 21.74 -0.02 -0.03 -- --
Equity: ELSS 2.76 21.29 -0.11 -0.12 0.95 -2.01
Rank within category 29 10 29 30 11 29
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-Jul-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 42
Top 10 Stocks (%) 47.37
Top 5 Stocks (%) 30.67
Top 3 Sectors (%) 53.28
Portfolio P/B Ratio 2.93
Portfolio P/E Ratio 24.89

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 95,248 89,760
Giant (%) 50.40 52.59
Large (%) 19.59 15.43
Mid (%) 26.65 23.93
Small (%) 3.36 8.24
Tiny (%) -- 0.13

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
up ICICI Bank Financial 22.35 7.63 1.98 7.08
down Reliance Industries Energy 34.24 8.01 0.00 6.87
equal HDFC Bank Financial 20.09 9.37 2.92 5.73
equal Infosys Technology 23.76 7.19 0.00 5.69
up HDFC Financial 14.06 7.19 0.00 5.30
equal Hindustan Unilever FMCG 75.34 4.09 0.00 4.03
equal Bharti Airtel Communication -- 3.99 0.00 3.76
down Escorts Automobile 31.67 3.92 0.00 3.14
equal Divi's Laboratories Healthcare 51.89 3.45 0.00 3.06
equal SBI Life Insurance Company Financial 60.75 2.78 0.00 2.71
equal Mahanagar Gas Energy 12.06 2.47 0.00 2.47
equal Bajaj Finserv Financial 26.24 2.71 0.00 2.36
equal Alembic Pharmaceuticals Healthcare 19.62 2.64 0.00 2.27
equal Ipca Laboratories Healthcare 41.41 2.30 0.00 2.25
equal Tech Mahindra Technology 15.59 4.10 0.00 2.19
equal HPCL Energy 12.41 2.35 0.00 2.18
equal Jindal Steel & Power Metals 306.81 2.17 0.00 2.17
equal Pidilite Industries Chemicals 61.12 2.82 0.00 2.07
equal City Union Bank Financial 18.11 3.43 0.00 2.04
equal Jubilant FoodWorks Services 85.20 2.03 0.00 1.97
up SRF Diversified 21.76 1.94 0.00 1.94
equal Axis Bank Financial 71.57 4.06 0.00 1.91
up SBI Cards & Payments Services Financial 57.05 1.91 0.00 1.91
up Cholamandalam Invest. & Fin. Financial 14.06 3.25 0.00 1.78
equal Dabur India FMCG 62.94 2.98 0.00 1.72

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-Jun-2020

Fund Manager

— Dipak Acharya since 16-Mar-2006

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:

1.69%

Change from previous, NAV as on 04-Aug-2020

Dividend: ₹ 25.8300

Growth: ₹ 42.1000

Bonus: ₹ 42.1000

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: 31-Mar-1996
Return Since Launch: 11.25%
Benchmark: S&P BSE 200 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 149 Cr (As on 30-Jun-2020)
Expense: 2.53% (As on 30-Jun-2020)
Risk Grade: Above Average
Return Grade: Low
Turnover: 141.00%

Most Recent Dividends

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

 16-Mar-20183.2500
 24-Mar-20172.5000
 23-Mar-20162.5000
 23-Feb-20152.2500
 14-Mar-20142.0000
 01-Feb-20131.5000
 18-Feb-20111.5000
 06-Feb-20076.0000
 15-Dec-200511.0000
 25-Mar-20052.0000
 15-Sep-20031.0000
 28-Feb-20011.0000
 31-Mar-20001.2000
 31-Aug-19990.8000

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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