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Four ELSS - Bandhan Tax Advantage Fund, HDFC Tax Saver Fund, Parag Parikh Tax Saver Fund and SBI Long Term Equity Fund are the top tax saver fund, shows a ranking released by Crisil.
As against the previous quarter, SBI Long Term Equity Fund moved one spot up and the rankings of other funds remained the same.
|
June 2023 Ranking |
ELSS Funds |
March 2023 Ranking |
|
1 |
Bandhan Tax Advantage Fund |
1 |
|
HDFC Tax Saver Fund |
1 |
|
|
Parag Parikh Tax Saver Fund |
1 |
|
|
SBI Long Term Equity Fund |
2 |
|
|
2 |
JM Tax Gain Fund |
2 |
|
Kotak Tax Saver Fund |
2 |
|
|
Mahindra Manulife ELSS Fund |
2 |
|
|
Motilal Oswal Long Term Equity Fund |
3 |
|
|
PGIM India ELSS Tax Saver Fund |
2 |
|
|
Quant Tax Plan |
1 |
|
|
Taurus Taxshield |
3 |
Flexi Cap
Crisil ranks HDFC Flexi Cap Fund and JM Flexi Cap Fund as the top funds in this category. Notably, there has been no change in the ranking here.
|
June 2023 Ranking |
Flexi Cap Funds |
March 2023 Ranking |
|
1 |
HDFC Flexi Cap Fund |
1 |
|
JM Flexi Cap Fund |
1 |
|
|
2
|
Bank of India Flexi Cap Fund |
- |
|
Edelweiss Flexi Cap Fund |
2 |
|
|
Franklin India Flexi Cap Fund |
2 |
|
|
HSBC Flexi Cap Fund |
2 |
|
|
Union Flexi Cap Fund |
3 |
Multi Cap
Nippon India Multicap Fund, the only top fund in this category retained its ranking from the previous quarter.
|
June 2023 Ranking |
Multi Cap Funds |
March 2023 Ranking |
|
1 |
Nippon India Multicap Fund |
1 |
|
2 |
Baroda BNP Paribas Multi Cap Fund |
3 |
|
ICICI Prudential Multicap Fund |
2 |
Value/Contra
ICICI Prudential Value Discovery Fund and SBI Contra Fund are the top rank holders in value fund category. While the quarterly ranking of ICICI Prudential Value Discovery Fund improved by one spot, the ranking of Bandhan Sterling Value Fund remained the same.
|
June 2023 Ranking |
Value/Contra Funds |
March 2023 Ranking |
|
1 |
ICICI Prudential Value Discovery Fund |
2 |
|
SBI Contra Fund |
1 |
|
|
2 |
Bandhan Sterling Value Fund |
1 |
|
JM Value Fund |
3 |
|
|
Templeton India Value Fund |
2 |
Focused
Similar to the last quarter, HDFC Focused 30 Fund and ICICI Prudential Focused Equity Fund receive the top rank here.
|
June 2023 Ranking |
Focused Funds |
March 2023 Ranking |
|
1 |
HDFC Focused 30 Fund |
1 |
|
ICICI Prudential Focused Equity Fund |
1 |
|
|
2 |
360 ONE Focused Equity Fund |
2 |
|
Franklin India Focused Equity Fund |
2 |
|
|
JM Focused Fund |
3 |
|
|
Tata Focused Equity Fund |
3 |
Methodology
Crisil has ranked only open-ended schemes and has considered various parameters for assigning a ranking. “The basic criteria for inclusion in the ranking universe are three-year/one-year NAV history and AUM in excess of category cut-off limits, and complete portfolio disclosure”, said the report.
It has considered three-year NAV history and an AUM cut-off of Rs 10 crore for equity schemes along with mean return, volatility, portfolio concentration and liquidity among others.
The report covers 35 ELSS, 23 flexi cap, 8 multi cap, 16 value and 20 focused mutual funds.
