February 19, 2024
mayank
Baroda BNP Paribas ELSS Tax Saver Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 87.8581
NAV IDCW: Rs 28.5127
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to 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 for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
The scheme aims to generate long-term capital growth from a diversified and actively managed portfolio of equity and equity related securities along with income tax rebate, as may be prevalent from time to time.
Fund Manager:
1) Pratish Krishnan
Education: Mr. Krishnan has done MMS in Finance
Experience: Prior to joining Baroda BNP Paribas Mutual Fund he has worked with Antique Stock Broking as Sr Analyst- IT, Telecom & Media, DSP Merrill Lynch as Vice President- Research, SBI Capital Markets as Sr. research Analyst, Cholamandalam DBS Finance LTD as Research Analyst.
2) Sanjay Chawla
Education: Mr. Sanjay Chawla holds a Masters degree in Management Studies from BITS Pilani.
Experience: Prior to joining Baroda BNP Paribas 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.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | 3 Years |
| Exit Load | 0 |
Basic Details
| Fund House | Baroda BNP Paribas Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 15.88% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 829 Cr |
| (As on 31-Jan-2024) | |
| Expense | 1.08% |
| (As on 31-Jan-2024) | |
| Risk Grade | Below Average |
| Return Grade | Below Average |
| Turnover | 72.00% |
Trailing Returns (%) of Baroda BNP Paribas ELSS Tax Saver Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Baroda BNP Paribas ELSS Tax Saver Dir | 3.18 | 0.69 | 1.88 | 14.90 | 22.53 | 37.73 | 17.37 | 19.46 | 15.80 | 17.42 |
| S&P BSE 500 TRI | 3.91 | 0.65 | 1.84 | 14.79 | 19.75 | 34.65 | 18.14 | 19.40 | 16.44 | 17.13 |
| Equity: ELSS | 4.23 | 0.68 | 2.25 | 14.07 | 20.56 | 35.85 | 19.10 | 20.10 | 16.51 | 18.44 |
| Rank within category | 27 | 22 | 24 | 17 | 12 | 13 | 20 | 15 | 17 | 14 |
| Number of funds in category | 39 | 39 | 39 | 39 | 38 | 36 | 33 | 31 | 29 | 25 |
Peer Comparison of Baroda BNP Paribas ELSS Tax Saver Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Baroda BNP Paribas ELSS Tax Saver Dir | 3 star | 37.73 | 17.37 | 19.46 | 1.08 | 829 | 15.88 | — | 11Y 1M | 72.00 |
| Mirae Asset ELSS Tax Saver Dir | 4 star | 32.04 | 17.37 | 21.82 | 0.59 | 20,950 | 20.40 | — | 8Y 1M | 93.00 |
| SBI Long Term Equity Dir | 5 star | 54.56 | 25.69 | 23.33 | 0.98 | 20,085 | 17.07 | — | 11Y 1M | 14.00 |
| DSP ELSS Tax Saver Dir | 4 star | 38.47 | 20.94 | 22.60 | 0.68 | 13,846 | 18.31 | — | 11Y 1M | 37.00 |
| HDFC ELSS Tax Saver Dir | 4 star | 41.25 | 24.73 | 20.11 | 1.14 | 13,441 | 15.56 | — | 11Y 1M | 29.85 |
Portfolio Analysis of Baroda BNP Paribas ELSS Tax Saver Fund
| No. of Stocks | 60 |
| Top 10 Stocks | 33.14% |
| Top 5 Stocks | 22.49% |
| Top 3 Sectors | 49.71% |
| Portfolio P/B Ratio | 3.87 |
| Portfolio P/E Ratio | 28.69 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,21,438 | 1,59,260 |
| Giant (%) | 42.07 | 51.80 |
| Large (%) | 19.80 | 19.78 |
| Mid (%) | 33.72 | 23.69 |
| Small (%) | 4.41 | 6.57 |
| Tiny (%) | — | 0.28 |
How to Invest in Baroda BNP Paribas ELSS Tax Saver Fund?
Chanakya’s Mutual Fund Guidance For Baroda BNP Paribas ELSS Tax Saver Fund
Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.
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