2 mutual funds for SIPs ranked # 1 by Crisil and 5 stars by value research


Quantitative tax plan

The Quant Tax Plan has been ranked # 1 by Crisil and also has a 5-star rating by Value Research. This fund is an equity linked savings program, which means that an investment of up to Rs 1.5 lakh is eligible for tax reduction under Sec80c of income tax.

1 year returns 3-year returns 5-year returns
84.97% 35.01% 26.02%

The returns seen above are just fantastic and of course they are also largely related to how the stock markets have rallied over the past few quarters.

Quant Tax Plan wallet and sip details

The minimum investment required to start a sip in the Quant tax plan is Rs 500, with an initial sum of Rs 500. It is important to note that being a tax plan, there is a 3 year lock-in period. Assets under management are not very large at Rs 487 crores.

Almost 98.85% of funds are invested in stocks with little or negligible cash holdings. The company has significant stakes in companies such as L&T, State Bank of India and Reliance Industries. This fund is good for those looking to save taxes as well as investing for returns. However, we suggest that you limit your exposure given the rally in equities in recent quarters.

Canara Robeco Bluechip Equity Fund

Canara Robeco Bluechip Equity Fund

This fund was ranked # 1 by Crisil and also received 5 stars by Value Research and Groww. In fact, it is also a very popular mutual fund system for SIPs. The fund has assets under management of Rs 5,030 crore and has performed well in recent years.

1 year returns 3-year returns 5-year returns
37.37% 22.46% 19.51%

The returns are not as high as the Quant Tax Plan, but they compare much better than some of the competition.

SIP and other details on Canara Robeco Bluechip Equity Fund

SIP and other details on Canara Robeco Bluechip Equity Fund

Investors who plan to put money into Systematic Investment Plans (SIPs) can do so with a minimum sum of Rs 1,000 per month. The fund has generated very good returns in the past, but this does not guarantee strong returns in the future.

We believe that the returns are unlikely to be extraordinary as in the past. As a result, investors should now expect some moderation in returns. In fact, we suggest investors only consider SIP investments and avoid large-scale flat-rate investments, especially in purely equity-focused mutual funds.

Disclaimer

Disclaimer

All readers and investors should note that neither Greynium nor the author of the articles, would be responsible for any decisions made on the basis of these articles. Please consult a professional advisor. Greynium Information Technologies Pvt Ltd, its subsidiaries, the associates and the authors accept no responsibility for any loss and / or damage resulting from the information contained in GoodReturns.in


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