Best ELSS or tax saving mutual funds to invest in 2019

THE ECONOMIC TIMES Fri, Aug 16, 2019 | 08:10 AM IST Mutual Funds Newsletter

Best ELSS or tax saving mutual funds to invest in 2019 Many mutual fund investors are hunting for the best Equity Linked Saving Scheme or ELSSs to save taxes under Section 80C of the Income Tax Act. Gift an SIP this Raksha Bandhan The bond of brother and sister typically revolves around various responsibilities and care. Turn that Rs 5,000 Rakhi gift to Rs 1 lakh with mutual funds Oh, yes. You read it right. But we would confess that we chose Rs 1 lakh to catch your attention. We just used the future value formula in Excel for the calculation. If you manage to earn 15 per cent annual return on your investment of Rs 5,000, you would be able to make a corpus of Rs 1 lakh in 22 years. Disappointed? Don't be. Best gilt mutual funds to invest in 2019 Gilt mutual funds are considered ideal for long-term debt mutual fund investors with an aggressive risk profile Axis Bluechip Fund: Fund review A large part of the portfolio is invested in financials which include private sector banks such as HDFC Bank, ICICI Bank and Kotak Mahindra Bank. Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) Axis Bluechip Fund Direct Plan-Growth -0.48 8.15 2.76 14.48 Axis Bluechip Fund-Growth -0.58 7.49 1.40 13.02 Sundaram Select Focus Fund Institutional-Growth -2.95 7.36 -0.48 12.05 Mirae Asset Large Cap Fund Direct- Growth -4.17 4.13 -0.52 11.75 Mirae Asset Large Cap Fund Regular- Growth -4.26 3.57 -1.57 10.81 FeaturedDSP Strategic Bond Direct Plan-Growth ★★★★★ -0.70 4.67 10.79 6.06 Start SIP Debt mutual fund investors should continue to prioritize safety and liquidity: Arvind Chari of Quantum Mutual Fund The Monetary Policy Committee of the RBI decided to cut the repo rate by 35 bps to 5.4 per cent as against consensus market expectations of 25 bps RBI likely to cut rates; is it time to change your debt mutual fund strategy? While some fund managers are waiting for the advisory, others believe that the room for more rate cuts has opened for RBI.

TERM OF THE WEEK Consumer Price Index A comprehensive measure used for estimation of price changes in a basket of goods and serv... read more

New Fund Offers Fund Name Category Type Open Close Min Inv ITI Long Term Equity Fund Reg-D Equity: ELSS Open-ended 15 Jul 14 Oct 500.00 ITI Long Term Equity Fund Direct-G Equity: ELSS Open-ended 15 Jul 14 Oct 500.00 ITI Long Term Equity Fund Direct-D Equity: ELSS Open-ended 15 Jul 14 Oct 500.00 ITI Long Term Equity Fund Reg-G Equity: ELSS Open-ended 15 Jul 14 Oct 500.00 PGIM India Overnight Fund Reg-G Debt: Overnight Open-ended 12 Aug 26 Aug 100.00 More >>

Forthcoming Dividend Fund Name Category Type Record Date Div Per Unit Principal Hybrid Equity-DM Hybrid: Aggressive Hybrid Open-ended 16 Aug 2019 0.20 ICICI Pru Bond-DQ Debt: Medium to Long Duration Open-ended 16 Aug 2019 0.35 ICICI Pru Bond Inst-DQ Debt: Medium to Long Duration Open-ended 16 Aug 2019 0.37 Principal Balanced Advantage-DM Hybrid: Dynamic Asset Allocation Open-ended 16 Aug 2019 0.07 Principal Balanced Advantage Direct-DM Hybrid: Dynamic Asset Allocation Open-ended 16 Aug 2019 0.08 * Funds with daily dividend distribution frequency options are excluded More >>

Weekly Mutual Funds Activity Date Equity ( Cr.) Debt ( Cr.) Gross Purchase Gross Sale Net Pur./Sale Gross Purchase Gross Sale Net Pur./Sale 31-07-2019 5238.13 2340.55 2897.58 12437.20 10674.04 1763.16 30-07-2019 4342.32 3150.20 1192.12 7317.43 5640.70 1676.73 29-07-2019 3759.50 2440.78 1318.72 11303.73 8815.20 2488.53 26-07-2019 2956.78 1240.77 1716.01 7476.33 4777.51 2698.82 25-07-2019 4639.94 5809.61 -1169.67 10334.92 8648.52 1686.40 24-07-2019 4643.44 2538.69 2104.75 7641.49 6507.04 1134.45 23-07-2019 3837.15 2157.68 1679.47 7005.12 5446.00 1559.12 Click here to view all WMF >>

Top Mutual Funds of the week (5-Star Rating) Scheme Name Nav Returns Ratings AUM(Cr.) Style Box Expense Ratio Equility Debt Aditya Birla Sun Life Tax Relief 96 Direct-Growth 30.7900 1.68 8715.00 - 0.99 Kotak Tax Saver Fund Direct-Growth 46.0690 1.60 907.13 - 1.17 Kotak Standard Multicap Fund Direct-Growth 36.1840 1.54 24651.62 - 0.76 Kotak Standard Multicap Fund Regular-Growth 33.9080 1.52 24651.62 - 1.73 Invesco India Tax Plan Direct-Growth 53.3200 1.31 845.51 - 0.97 Click here to view all TMFW (5 Star) >>

Top Mutual Funds (All Ratings) Scheme Name Nav Returns Ratings AUM(Cr.) Style Box Expense Ratio Equility Debt Sahara Tax Gain Direct Fund-Growth 73.5072 1.99 5.28 - 2.98 Sahara Tax Gain Fund-Growth 69.8876 1.98 5.28 - 2.98 Indiabulls Tax Savings Fund Direct - Growth 9.3600 1.85 81.19 - 1.68 IDFC Tax Advantage (ELSS) Direct Plan-Growth 55.0900 1.83 2006.11 - 0.90 IDFC Tax Advantage (ELSS) Fund Regular-Growth 51.2500 1.79 2006.11 - 2.02 Click here to view all TMF ( All Ratings) >>

QUICK LINKS - MUTUAL FUND STATS 3 Best Funds- Category Wise Top Tax Saving Schemes Schemes with Lowest Expense Ratio Top Performing Schemes Latest Dividends Schemes with Highest Risk Adjusted Returns Top Star Rated Schemes AUM Monitor Category Performance Exchange traded funds

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