2 equity mutual funds rated 1 by CRISIL to launch the SIP in 2021
Canara Robeco Equity Tax Saver Direct Growth
This ELSS mutual fund was launched by the fund company Canara Robeco Mutual Fund in 2013 and has been in existence for 8 years. According to Value Research, Canara Robeco Equity Tax Saver’s direct growth gains over the past year have been 71.15%, with an average annual return of 17.67% since inception.
The fund’s expense ratio is 0.81%, which is lower than the expense ratio charged by most other funds in the ELSS fund class. The fund has a large equity allocation to the financials, tech, construction, healthcare and automotive sectors and the fund’s top performing positions are Infosys Ltd., HDFC Bank Ltd. , ICICI Bank Ltd., Larsen & Toubro Ltd., Tata Consultancy Services Ltd. ..
In terms of consistent returns, investing in the Canara Robeco Equity Tax Saver fund can be a decent bet as it has been rated 1 or 5 stars by CRISIL, 5 stars by Value Research and another 5 stars by Morningstar. As of September 24, 2021, the net asset value (NAV) of the fund is Rs 116.85 and the fund’s assets under management (AUM) is Rs 2,679.66 Cr.
The fund has a 3-year lock-up period and no exit fees. Investments in this fund up to Rs 1.5 lakh under section 80C would be tax exempt and capital gains above Rs. 1 lakh will be subject to LTCG (long term capital gains) tax. ) at the rate of 10%. One can start SIP in this well-rated equity fund with a minimum monthly contribution of Rs 500.
Canara Robeco Bluechip Equity Fund Direct Growth
This large cap mutual fund system has been actively performing for the past 8 years after being launched in 2013 by the same fund company. Canara Robeco Bluechip Equity Fund Direct-Growth Returns the previous year was 64.72%, according to Value Research, and it has generated 16.75% average annual returns since inception.
The fund’s expense ratio is 0.36%, which is comparable to the expense ratio charged by most other funds in the large cap category. The fund has its allocation to stocks in the financials, technology, energy, construction and healthcare sectors. The best performing holdings in the fund are HDFC Bank Ltd., ICICI Bank Ltd., Infosys Ltd., Reliance Industries Ltd., Housing Development Finance Corpn. Ltd ..
The Canara Robeco Bluechip Equity fund received a rating of 1 or 5 stars by CRISIL, 5 stars by Value Research and again 5 stars by Morningstar, which simply indicates its historical performance in the same category, i.e. large caps. The net asset value (NAV) of the fund is Rs 42.58 as of September 24, 2021 and its assets under management (AUM) is Rs 4,271.67 Cr.
The fund charges an exit charge of 1% if the purchased units are redeemed within one year of the investment date. If you withdraw your allocated units within one year of investing, a short-term capital gains tax of 15% will be applied, while you will have to pay a long-term capital gains tax. 10% on the sale of your allocated shares. over Rs 1 lakh. You can start SIP in this fund with a minimum amount of Rs 1000.
Top performing Canara Robeco mutual funds
In addition to the factors discussed above, here are the past performance of 2 highly rated Canara Robeco equity mutual funds that you should consider before launching the SIP in 2021.
|Funds||1 month returns||6 months of returns||1 year of returns||3 years back||5 years back|
|Canara Robeco Equity Tax Saver Direct Growth||6.54%||26.63%||71.15%||25.22%||19.88%|
|Canara Robeco Bluechip Equity Fund Direct Growth||6.65%||23.76%||64.72%||23.83%||18.68%|
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