Best ELSS or tax saving mutual funds to invest in 2019

THE ECONOMIC TIMES Fri, Feb 15, 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. These are fertile grounds for long-term stock pickers, says Samir Rachh of Reliance Mutual Fund Small cap funds are going through a rough patch after a bull run in 2017. Infrastructure mutual funds are worst performers last year. Is it time to dump them? Infrastructure mutual fund category has given an average return of -22.71 per cent in the last one year. Best aggressive hybrid mutual funds to invest in 2019 Aggressive hybrid schemes are mandated to invest 65-80 per cent of their corpus in equity and 20-35 per cent of the corpus in debt. Only 15 equity schemes outperformed their benchmark with positive returns last year Many toppers in various mutual fund categories were offering negative returns in the last year. Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) JM Core 11 Direct Plan-Growth 2.72 -8.00 -0.76 23.41 JM Core 11 Fund-Growth 2.54 -8.73 -1.94 21.83 Axis Bluechip Fund Direct Plan-Growth 1.69 -4.99 9.82 18.57 Reliance Large Cap Fund Direct-Growth -3.84 -4.71 -1.92 18.32 Axis Bluechip Fund-Growth 1.58 -5.67 8.27 17.10 FeaturedInvesco India Growth Opportunities Fund-Growth ★★★★★ -1.65 -9.51 -2.55 16.66 Start SIP There is a lot value in small and mid cap segments, says Prathit Bhobe, CEO, Tata MF "Investors at times get driven by the short-term performance and in the recent times, investor returns have lagged which causes concerns." Mutual funds collect Rs 8,064 crore via SIP in January Retail investors continue to pour in money in mutual funds through SIP.

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New Fund Offers Fund Name Category Type Open Close Min Inv Sundaram Long Term Tax Advantage Fund Series VI Reg-G Equity: ELSS Closed-end 25 Sep 15 Mar 500.00 Sundaram Long Term Tax Advantage Fund Series VI Direct-G Equity: ELSS Closed-end 25 Sep 15 Mar 500.00 Sundaram Long Term Tax Advantage Fund Series VI Direct-D Equity: ELSS Closed-end 25 Sep 15 Mar 500.00 Sundaram Long Term Tax Advantage Fund Series VI Reg-D Equity: ELSS Closed-end 25 Sep 15 Mar 500.00 Union Arbitrage Fund Reg-G Hybrid: Arbitrage Open-ended 30 Jan 27 Feb 5000.00 More >>

Forthcoming Dividend Fund Name Category Type Record Date Div Per Unit Principal Hybrid Equity-DM Hybrid: Aggressive Hybrid Open-ended 15 Feb 2019 0.22 Reliance Power & Infra-D Equity: Sectoral-Infrastructure Open-ended 15 Feb 2019 2.21 ICICI Pru Bond-DQ Debt: Medium to Long Duration Open-ended 15 Feb 2019 0.18 ICICI Pru Bond Inst-DQ Debt: Medium to Long Duration Open-ended 15 Feb 2019 0.19 Principal Balanced Advantage-DM Hybrid: Dynamic Asset Allocation Open-ended 15 Feb 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 13-02-2019 2404.86 1408.80 996.06 7292.03 4852.90 2439.13 12-02-2019 2479.12 1503.32 975.80 11216.54 9712.07 1504.47 11-02-2019 2279.52 2425.72 -146.20 8272.85 5423.23 2849.62 08-02-2019 1923.61 2785.04 -861.43 10174.16 8144.85 2029.31 07-02-2019 2123.79 1745.41 378.38 7242.40 4502.20 2740.20 06-02-2019 2330.54 1871.20 459.34 4772.55 4989.19 -216.64 05-02-2019 1885.97 1781.81 104.16 6282.13 5395.12 887.01 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 Axis Banking & PSU Debt Fund -Growth 1718.0874 0.64 1674.00 - - 0.54 HDFC Short Term Debt Fund-Growth 20.3723 0.47 8768.44 - - 0.40 LIC MF Banking & PSU Debt Fund Direct-Growth 24.2700 0.41 187.43 - - 0.28 Franklin India Low Duration Direct Plan- Growth 21.8799 0.34 6568.12 - - 0.42 Franklin India Low Duration Fund- Growth 21.4660 0.33 6568.12 - - 0.78 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 Shriram Long Term Equity Fund Direct - Growth 9.9246 -1.00 0.00 - - 0.00 Shriram Long Term Equity Fund Regular - Growth 9.9130 -1.03 0.00 - - 0.00 SBI Tax Advantage Fund Series III Direct Growth 21.9049 -1.69 19.84 - 1.77 SBI Tax Advantage Fund Series III Regular Growth 21.5248 -1.71 19.84 - 2.91 SBI Long Term Advantage Fund Series IV Direct - Growth 11.6612 -1.84 140.62 - 1.77 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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