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Baroda ELSS 96 Fund


1 Lakh

Investment Grown to
₹ 1.20 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.71 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 1.68 0.76 -0.96 1.53 3.91 6.94 7.83 6.17 3.99 10.11 7.96
S&P BSE 500 TRI 1.60 0.77 -0.81 1.36 6.05 9.34 11.96 12.98 8.35 12.41 10.47
Equity: ELSS 1.95 0.86 -0.46 1.98 5.41 9.85 12.30 11.05 7.70 13.32 11.47
Rank within category 21 30 32 26 29 29 29 31 28 28 26
Number of funds in category 38 38 38 38 37 36 35 34 30 28 27

As on 23-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 18.75 (13-May-2009 - 20-May-2009) -17.19 (15-Jan-2008 - 22-Jan-2008)
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 8.24 13.84 0.18 0.25 1.01 -5.62
S&P BSE 500 TRI 13.80 13.09 0.62 0.92 -- --
Equity: ELSS 12.04 13.32 0.48 0.70 0.95 -1.40
Rank within category 31 25 31 31 26 32
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-Dec-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 44
Top 10 Stocks (%) 47.07
Top 5 Stocks (%) 30.82
Top 3 Sectors (%) 63.13
Portfolio P/B Ratio 2.86
Portfolio P/E Ratio 25.17

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,02,725 98,037
Giant (%) 56.99 52.66
Large (%) 18.16 14.56
Mid (%) 15.71 24.99
Small (%) 8.57 8.12
Tiny (%) 0.58 0.23

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 67.25 7.63 0.00 7.37
up Reliance Industries Energy 22.24 7.36 0.00 7.36
equal HDFC Financial 34.91 7.19 0.00 5.86
equal Kotak Mahindra Bank Financial 36.01 5.12 0.00 5.12
equal Infosys Technology 20.40 7.19 0.00 5.11
up HDFC Bank Financial 25.94 9.37 2.86 5.02
equal Larsen & Toubro Construction 19.54 3.52 1.10 2.96
equal State Bank of India Financial 28.59 3.40 0.00 2.84
equal DCB Bank Financial 15.90 3.44 0.00 2.72
up Bajaj Finserv Financial 41.07 2.71 0.00 2.71
equal Bajaj Finance Financial 51.46 3.22 0.00 2.57
equal United Spirits FMCG 56.70 2.62 0.00 2.55
up Pidilite Industries Chemicals 69.08 2.53 0.00 2.53
up HCL Technologies Technology 15.81 4.12 0.00 2.42
equal Tech Mahindra Technology 17.20 4.10 0.00 2.32
up Mahanagar Gas Energy 16.14 2.27 0.00 2.27
up Axis Bank Financial 43.43 4.06 0.00 2.20
down Aditya Birla Fashion and Retail Services 60.27 3.11 0.00 2.11
equal Marico FMCG 36.52 3.48 0.00 2.08
equal The Ramco Cements Construction 32.65 2.92 0.00 2.06
equal SBI Life Insurance Company Financial 74.10 2.07 0.00 2.04
up Fortis Healthcare (India) Healthcare 99.00 2.00 0.00 2.00
equal Thermax Engineering 44.48 2.07 0.00 1.84
equal Security and Intelligence Services Services 26.91 2.25 0.00 1.77
equal Dr. Reddy's Lab Healthcare 18.37 1.80 0.00 1.75

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-2019

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:


0.75%

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

Dividend: ₹ 28.1000

Growth: ₹ 45.8100

Bonus: ₹ 45.8100


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: 11.87%
Benchmark: S&P BSE 200 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 165 Cr (As on 31-Dec-2019)
Expense: 2.61% (As on 31-Dec-2019)
Risk Grade: High
Return Grade: Low
Turnover: 169.00%

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: 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

Value Investing

Evaluating a company's financial health from the Cash Flow Statement

dateSaturday, 25-Jan-2020
time12:30 PM - 01:00 PM