2 Mutual Fund For SIPs Rated No 1 By Crisil And 5-Star By Value Research

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Investment
oi-Sunil Fernandes

| Published: Monday, November 22, 2021, 9:26 [IST]

Searching for the best mutual fund is never easy. In fact, the stock markets are so dynamic, that it’s hard to find the best mutual fund scheme for the long term. However, we have chosen to of the best mutual funds in terms of what rating agency like CRISIL has rated. We have taken Value Research ratings as well, which has a long-standing track record of ratings of mutual funds.

Quant Tax Plan

The Quant Tax Plan has been rated No 1 by Crisil and also has a 5-star rating from Value Research. This fund is an Equity Linked Savings Scheme, which means an investment of up to Rs 1.5 lakh qualifies for tax rebate under Sec80c of the Income Tax.

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

The returns seen above and simply fantastic and naturally they also have largely to do with the way the stock markets have rallied in the last few quarters.

Portfolio and Sip details of Quant Tax Plan

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 lock-in period of 3-years. The assets under management is not very large at Rs 487 crores.

Almost 98.85% of the funds are invested in equities with a low or negligible holdings in cash. The company has a significant holdings in the likes of L&T, State Bank of India and Reliance Industries. This fund is good for those looking to save taxes as well as invest for returns. However, we suggest limiting your exposure given the way equities have rallied in the last few quarters.

Canara Robeco Bluechip Equity Fund

This fund has been rated No 1 by Crisil and has a 5-star from Value Research and Groww as well. In fact, it is a very popular mutual fund scheme for SIPs as well. The fund has assets under management of Rs 5030 crores and has done well over the last few years.

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

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

SIP and other details of Canara Robeco Bluechip Equity Fund

Investors planning to put money through Systematic Investment Plans (SIPs) can do so with a minimum sum of Rs 1,000 every month. The fund has generated a very good returns in the past, but, that does not guarantee solid returns in the future.

We believe returns are unlikely to be extraordinary as in the past. Therefore, investors from here on, have to hope for some moderation in returns. In fact, we suggest that investors should only consider SIP investment and avoid large scale lump sum investments, especially in pure equity oriented mutual funds.

Disclaimer

All readers and investors should note that neither Greynium nor the author of the articles, would be responsible for any decision taken based on these articles. Please consult a professional advisor. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates, and authors do not accept culpability for losses and/or damages arising based on information in GoodReturns.in

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Story first published: Monday, November 22, 2021, 9:26 [IST]