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Flexicap and ELSS are among the most popular schemes in the equity space. Given that there are a number of options in these categories, investors and MFDs can sometimes take cue from fund ratings by various agencies to select the right fund.
One such rating agency CRISIL has released its mutual fund rankings for the December quarter (Q3 FY 2022). The agency said the ratings are based on past returns and portfolio-based attributes.
Here are the funds that have been raked the best in flexicap and ELSS space.
Flexicap schemes
PGIM India Flexi Cap Fund
The fund is among only two flexicap schemes that have received the top rating from CRISIL. The fund has delivered 23% return in the three-year period comfortably beating the benchmark which grew at an annual rate of 17%.
UTI Flexi Cap Fund
The UTI Flexicap fund has also done well on the returns front. The scheme has delivered close to 19% annually in the three-year period, beating the benchmark S&P BSE 500 TRI quite comfortably.
|
Rank |
Fund |
1-year return |
3-year return |
5-year return |
|
1 |
PGIM India Flexi Cap Fund |
21.81 |
23.44 |
15.7 |
|
1 |
UTI Flexi Cap Fund |
14.65 |
18.86 |
15.78 |
|
2 |
Union Flexi Cap Fund |
23.29 |
18.38 |
13.73 |
|
2 |
IDBI Flexi Cap Fund |
27.07 |
17.89 |
12.1 |
|
2 |
Canara Robeco Flexi Cap Fund |
20.36 |
17.58 |
14.84 |
|
2 |
Edelweiss Flexi Cap Fund |
21.18 |
15.28 |
12.98 |
|
2 |
HSBC Flexi Cap Fund |
22.92 |
13.8 |
10.5 |
|
Benchmark (S&P BSE 500 TRI) |
17.07 |
14.15 |
13.28 |
|
|
*Returns are as on April 26, 2022 | Source: Value Research |
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ELSS
Quant Tax Plan
The ELSS offering of Quant mutual fund is among the three ELSS which are rated the best by CRISIL. The Quant Tax Plan has delivered 35% return in three-year period and 23% return in 5-year period. The fund has delivered best returns in every time-frame, as per Value Research data.
BOI AXA Tax Advantage Fund
The fund is the second-best performing ELSS fund from the returns perspective. It has delivered 24% return in three-year period and 17% in five-year period.
IDFC Tax Advantage Fund
The ELSS of IDFC Mutual Fund also has a good track record. The fund has managed to beat its benchmark quite easily in every time frame and is also ahead of most competitors on the returns front.
|
Rank |
Fund |
1-year return |
3-year return |
5-year return |
|
1 |
Quant Tax Plan |
40.03 |
35.4 |
23.09 |
|
1 |
BOI AXA Tax Advantage Fund |
21.13 |
24.41 |
17 |
|
1 |
IDFC Tax Advantage Fund |
29.69 |
20.21 |
15.45 |
|
2 |
Mirae Asset Tax Saver Fund |
21 |
19.93 |
16.9 |
|
2 |
Canara Robeco Equity Tax Saver |
19.93 |
19.39 |
15.89 |
|
2 |
Union Long Term Equity Fund |
24.86 |
18.73 |
13.21 |
|
2 |
PGIM India ELSS Tax Saver Fund |
27.07 |
18.24 |
13.56 |
|
2 |
Mahindra Manulife ELSS Kar Bachat Yojana |
23.96 |
16.66 |
10.64 |
|
2 |
UTI Long Term Equity Fund |
19.3 |
16.9 |
12.1 |
|
2 |
Baroda ELSS - 96* |
13.7 |
14.64 |
11.16 |
|
Benchmark (S&P BSE 500 TRI) |
17.07 |
14.15 |
13.28 |
|
|
* Merged with BNP Paribas ELSS Fund and is now known as Baroda BNP Paribas ELSS Fund |
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|
*Returns are as on April 26, 2022 | Source: Value Researc |
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