best mutual funds to invest in 2022

Best Mutual Funds to Invest in 2022 for Long Term

Best Mutual Funds to Invest in 2022 for Long Term

Equity Linked Savings Schemes (ELSS) is a specialized category for Mutual Funds where you can get tax savings benefit aa well as  good return on equity. There are many ELSS investments where investors triple their investment in five years. Instead of investing directly in the stock market, investing in mutual funds reduces risk slightly. Here we are talking about five best mutual funds to invest in 2022 and best sip to invest in 2022 based on ELSS schemes that has made double-digit return.

Canara Robeco Equity Tax Saver Direct-Growth

Best Investment Plan in India

Canara Robeco Equity Tax Saver Direct-Growth was launched on Jan 02, 2013, an Open-ended ELSS Equity scheme that is part of the Canara Robeco Mutual Fund. The plan aims to long-term financial gains by investing heavily especially in equities. As per the Investment pattern, it can invest in primary and secondary markets and the scheme may also invest in overseas markets such as American Depositary Receipts (ADR)/ Global Depositary Receipts (GDR). The proposed investment horizon is the minimum time required to hold an investment in the fund in order to reduce its negative risk and ensure two-digit return. It also offers tax benefits under Section 80C.

Asset Allocation & Composition

Approximately 95.14% of the fund’s asset allocation is equity, 0.00% debt and oyhers 4.86%. While the top 10 equity holdings make up about 44.66% of the assets, the top 3 sectors make up about 52.25% of the assets. The Fund basically follows a growth oriented investment style and invests in market capitalization around 77.34% in Large and Large Cap Companies, 15.99% in Mid Cap Companies and 1.18% in Small Cap Companies.

Canara Robeco Equity Tax Saver Fund Returns

1-Year3-Year5-YearSince Inception
32.82%26.65%21.93%17.53%

Scheme Details

Fund House:Canara Robeco Mutual Fund
Type:Open-ended
Riskometer:Very High
Benchmark:S&P BSE 500 TRI
AUM (Fund Size)₹ 3,098  Cr
Last Doubled In:1 yrs 7 m
Min. Investment:SIP ₹500 & Lumpsum ₹500
Expense:0.76%
Risk Grade:Low
Return Grade:Good
Age:9 yrs
Fund Manager 

Axis Long Term Equity Fund-Growth

Best SIP to Invest 2022

Axis Long Term Equity Fund-Growth was launched on Dec 29, 2009, an Open-ended ELSS Equity scheme that is part of the Axis Mutual Fund House. The scheme aims to generate medium to long-term financial gain from a diverse portfolio that is closely linked to equity and equity-related securities.

Asset Allocation & Composition

Approximately 99.53% of the fund’s asset allocation is equity, 0.31% debt, and 0.16%cash and cash equivalents. While the top 10 equity holdings make up about 64.47% of the assets, the top 3 sectors make up about 62.25%of the assets. The Fund basically follows a growth-oriented investment style and invests in market capitalization around 82.69%  in Large and Large Cap Companies, 15.65%  in Mid Cap Companies, and 1.66% in Small Cap Companies.

Axis Long Term Equity Fund Returns

1-Year3-Year5-YearSince Inception
25.44%23.84%20.93%20.90%

Scheme Details

Fund House:Axis Mutual Fund
Type:Open-ended
Riskometer:Very High
Benchmark:NIFTY 500 TRI
AUM (Fund Size)₹ 33,785 Cr
Last Doubled In:1 yrs 5 m
Min. Investment:SIP ₹500 & Lumpsum ₹500
Expense:1.58%
Risk Grade:Below Average
Return Grade:Good
Age:12 yrs
Fund Manager 

DSP Tax Saver Fund Growth

DSP Tax Saver Fund Growth was launched on Jan 18, 2007, an Open-ended ELSS Equity scheme that is part of the DSP Mutual Fund. The scheme aims to generate medium to long-term financial gain from a diverse portfolio that is closely linked to equity and equity-related securities.

Asset Allocation & Composition

Equity accounts for approximately 98.73% of the fund’s asset allocation 0.3% debt and 0.97% cash and cash equivalents. Although the top 10 equity holdings constitute about 43.37% of the assets. Mainly top 3 sectors holdings around 54.99% of the assets. The fund basically follows a mixed investment style and invests in market capital – approximately 66.75% in large and large-cap companies, 27.52%in mid-cap companies, and 5.73% in small-cap companies.

DSP Tax Saver Fund Returns

1-Year3-Year5-YearSince Inception
34.09%24.45%18.72%16.57%

Scheme Details

Fund House:DSP Mutual Fund
Type:Open-ended
Riskometer:Very High
Benchmark:NIFTY 500 TRI
AUM (Fund Size)₹ 9,636 Cr
Last Doubled In:1 yrs 4 m
Min. Investment:SIP ₹500 & Lumpsum ₹500
Expense:1.78%
Risk Grade:Below Average
Return Grade:Good
Age:14 yrs
Fund Manager 

IDFC Tax Advantage (ELSS) Fund – Reg – Growth

IDFC Tax Advantage (ELSS) Direct Plan-Growth was launched on Dec 26, 2008, which is an Open-ended ELSS Equity scheme that belongs to IDFC Mutual Fund House. The scheme aims to create a diverse portfolio that is available at reasonable valuations with fundamentally strong that are available at appropriate rates.

Asset Allocation & Composition

Approximately 98.0% of the fund’s asset allocation is equity, 0.01% debt and 1.99% cash and cash equivalents. While the top 10 equity holdings make up about 43.2%  of the assets, the top 3 sectors make up about 48.1%of the assets. The Fund basically follows a growth-oriented investment style and invests in market capitalization around 57.01%  in Large and Large Cap Companies, 25.3% in Mid Cap Companies and 17.16% in Small Cap Companies.

IDFC Tax Advantage (ELSS) Fund Returns

1-Year3-Year5-YearSince Inception
46.53%25.59%21.29%19.42%

Scheme Details

Fund House:IDFC Mutual Fund
Type:Open-ended
Riskometer:Very High
Benchmark:S&P BSE 500 TRI
AUM (Fund Size)₹ 3,533 Cr
Last Doubled In:1 yrs 6 m
Min. Investment:SIP ₹500 & Lumpsum ₹500
Expense:1.95%
Risk Grade:Above Average
Return Grade:Above Average
Age:13 yrs
Fund Manager 

ICICI Prudential Long Term Equity Fund (Tax Saving)

Best SIP to Invest 2022

ICICI Prudential Long Term Equity Fund (Tax Saving) Growth was launched on Aug 19, 1999, an Open-ended ELSS Equity scheme that is part of the ICICI Prudential Mutual Fund. The scheme aims to long-term financial gains by investing nearly 90 percent of capital while 10 percent is proposed to invest in debt instruments, Money Market Instrument(MMI), and cash and cash equivalents

Asset Allocation & Composition

Approximately 98.27% of the fund’s asset allocation is equity, 0.0% debt and others 1.73%. While the top 10 equity holdings make up about 47.38% of the assets, the top 3 sectors make up about 56.88% of the assets. The Fund basically follows a growth-oriented investment style and invests in market capitalization around 68.39% in Large and Large Cap Companies, 5.61% in Mid Cap Companies, and 12.1% in Small Cap Companies.

ICICI Prudential Long Term Equity Fund (Tax Saving) Returns

1-Year3-Year5-YearSince Inception
31.3%20.38%17.04%17.15%

Scheme Details

Fund House:ICICI Prudential Mutual Fund
Type:Open-ended
Riskometer:Very High
Benchmark:NIFTY 500 TRI
AUM (Fund Size)₹ 9,965Cr
Last Doubled In:1 yrs 6 m
Min. Investment:SIP ₹500 & Lumpsum ₹500
Expense:1.18%
Risk Grade:Below Average
Return Grade:Average
Age: 22 yrs
Fund Manager 

 

Read Also: Adani Wilmar IPO Review – Largest FMCG IPO Details, Dates, Issue Size, Financials.


Disclaimer
All the information are used for education purpose only. Investing in mutual funds poses a risk of financial losses. Investors must therefore exercise due caution. InvestoAxis is not liable or responsible for any losses caused as a result of decisions based on the article.

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