Baroda ELSS 96 Plan A -Growth Option
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- Save up to Rs 46,800 in taxes every year.
- Highest returns compared to other 80C investments.
- Lowest lock-in of 3 years
|Tax Saving FD||PPF||ELSS|
|Average Annualised Returns i||6%||8%||12%|
|Tax rates i||30%||Not taxable||10%*|
|Returns after tax i||4.2%||8.00%||10.80%|
|Current rate of Inflation i||4%||4%||4%|
|Real Rate of Return i||0.2%||4.00%||6.80%|
|Lock-in Period i||5 years||15 years||3 years|
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Risk||Moderately High risk|
|Fund Type||ELSS (Tax Savings)|
More about this fund
|ICICI Bank Ltd||7.04%|
|Housing Development Finance Corp Ltd||5.74%|
|Kotak Mahindra Bank Ltd||5.03%|
|HDFC Bank Ltd||4.74%|
|Larsen & Toubro Ltd||3.05%|
|Pidilite Industries Ltd||2.7%|
|Bajaj Finserv Ltd||2.67%|
|State Bank of India||2.65%|
|Bajaj Finance Ltd||2.6%|
About Baroda Pioneer ELSS’96
Baroda ELSS’96 is an open ended equity linked saving scheme with a statutory lock-in of 3 years. The investment objective of the scheme is to provide the investor with long term capital growth along with the income tax benefits. The Scheme has two plans – Plan A and Plan B (Direct). The units are rolled out under 2 options – Growth Option or dividend payout option
Pros & Cons of Baroda Pioneer ELSS’96
Baroda ELSS’96 offers following benefits:
- Tax deduction of Rs 1.5 lakh under Section 80C of the Income Tax Act of the principal amount
- It has about 94% allocation in stocks of large-cap companies and close to 6% allocation in stocks of medium sized companies. Large cap companies tend to be stable compared to mid-cap companies.
- The Fund’s performance has been below the category average in most periods.
Fund Information and Statistics of Baroda Pioneer ELSS’96
i) Inception / Launch date
The Fund was launched in 31 March 1996 as a closed scheme and went open ended on March 2000. The Fund was launched by Baroda fund house. The scheme is benchmarked against S&P BSE 200 Index and tracked.
ii) Risk level
The Fund’s Riskometer is determined as “Moderately High” and thus the investment in Fund is suitable for capital growth over long term.
Redemptions are permitted post lock-in period of 3 years. Unit holders can request for redemption by specifying either an amount or number of units to be redeemed.
iv) Fund Manager
The Fund is managed by Mr. Dipak Acharya and Mr. Sanjay Chawla. Mr. Acharya is M. Com., AICWA, CAIIB & PGPMS and joined Baroda AMC in 2008. Mr. Chawla holds a Master’s degree in Management Studies from BITS, Pilani.
v) Entry / Exit load
Exit load of the Fund is Nil post lock in period withdrawal. No entry load is charged by the Fund.
About Baroda Mutual Fund
On 28 September 2018, Baroda Mutual Fund became fully owned subsidiary of Bank of Baroda. With the help of a rigorous investment framework, the fund house offers cutting-edge solutions to its investors. With constant support from quantitative and fundamental analysts, it attempts to actively manage the portfolio for earning higher risk-adjusted returns .
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All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns