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4 Best Performing Equity Savings Funds 2024
Equity savings funds fall under the hybrid category of Mutual Funds. This is the latest type of Asset Allocation mutual funds introduced in late 2014. Equity savings funds invest in arbitrage, equity and debt. This fund will invest at least 65 percent of its total assets in equities (most of it in arbitrage) and rest in debt instruments, but the minimum investment in debt should be 10 percent. Equity savings funds are getting popular amongst investors who want to invest in equities yet at the same time want to be safe. So, let’s learn about this fund, along with some of the best performing equity savings funds to invest.
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An Overview About Equity Savings Funds
Equity savings funds seek to generate stable Income by Investing in debt instruments and aims for potentially higher returns through equity investments. Thus, these funds act as a balancing equation between both risk and return.
Ideally, arbitrage takes advantage of the difference in prices of shares in the cash and derivatives Market. Use of derivatives reduces net equity exposure (i.e., ideally 20-40 percent, though this may vary fund to fund) and usually protects investor from unstable returns.
Since, equity savings funds have 65 percent of equity exposure (without considering derivatives), they are treated under Equity Mutual Funds taxation. Equity savings funds are considered to be an ideal investment option for conservative investors who want to invest for a short-term i.e., for 1-3 years.
Investors planning to invest in these funds should take a SIP route as this eliminates the worry of timing the market. Post-retirement you can use SWP (Systematic Withdrawal Plan) option to enable pre-determine withdrawals at a periodic interval.
Top 4 Best Equity Savings Funds FY 24 - 25
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) L&T Equity Savings Fund Growth ₹32.4728
↓ -0.01 ₹478 2.9 8.7 24.3 12.4 12.9 17 Kotak Equity Savings Fund Growth ₹25.0254
↑ 0.06 ₹7,644 0.9 5.1 17.4 10.8 11.1 15.7 SBI Equity Savings Fund Growth ₹23.0946
↑ 0.00 ₹5,410 1.6 6.9 16.1 10.1 11.3 17.5 Principal Equity Savings Fund Growth ₹67.4816
↑ 0.22 ₹926 3 6.5 18.2 10 12.9 15.3 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 5 Nov 24 Equity Savings funds having AUM/Net Assets above 100 Crore. Sorted on Last 3 Year Return.
To generate regular income by predominantly investing in arbitrage opportunities in the cash and derivatives segments of the equity markets and debt and money market instruments and to generate long-term capital appreciation through unhedged exposure to equity and equity related instruments. L&T Equity Savings Fund is a Hybrid - Equity Savings fund was launched on 18 Oct 11. It is a fund with Moderately High risk and has given a Below is the key information for L&T Equity Savings Fund Returns up to 1 year are on The investment objective of the scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and enhance returns with a moderate exposure in equity & equity related instruments.There is no assurance or guarantee that the investment objective of the scheme will be achieved. Kotak Equity Savings Fund is a Hybrid - Equity Savings fund was launched on 13 Oct 14. It is a fund with Moderately High risk and has given a Below is the key information for Kotak Equity Savings Fund Returns up to 1 year are on The scheme aims to generate income by investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and capital appreciation
through a moderate exposure in equity. SBI Equity Savings Fund is a Hybrid - Equity Savings fund was launched on 27 May 15. It is a fund with Moderately High risk and has given a Below is the key information for SBI Equity Savings Fund Returns up to 1 year are on The investment objective of the Scheme is to provide capital
appreciation and income distribution to the investors by using
equity and equity related instruments, arbitrage opportunities, and
investments in debt and money market instruments Principal Equity Savings Fund is a Hybrid - Equity Savings fund was launched on 23 May 02. It is a fund with Moderately High risk and has given a Below is the key information for Principal Equity Savings Fund Returns up to 1 year are on 1. L&T Equity Savings Fund
CAGR/Annualized return of 9.4% since its launch. Ranked 46 in Equity Savings category. Return for 2023 was 17% , 2022 was 2% and 2021 was 16.1% . L&T Equity Savings Fund
Growth Launch Date 18 Oct 11 NAV (05 Nov 24) ₹32.4728 ↓ -0.01 (-0.04 %) Net Assets (Cr) ₹478 on 30 Sep 24 Category Hybrid - Equity Savings AMC L&T Investment Management Ltd Rating ☆☆ Risk Moderately High Expense Ratio 1.49 Sharpe Ratio 2.84 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Oct 19 ₹10,000 31 Oct 20 ₹10,287 31 Oct 21 ₹12,896 31 Oct 22 ₹13,275 31 Oct 23 ₹14,669 31 Oct 24 ₹18,333 Returns for L&T Equity Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 5 Nov 24 Duration Returns 1 Month -0.2% 3 Month 2.9% 6 Month 8.7% 1 Year 24.3% 3 Year 12.4% 5 Year 12.9% 10 Year 15 Year Since launch 9.4% Historical performance (Yearly) on absolute basis
Year Returns 2023 17% 2022 2% 2021 16.1% 2020 10.8% 2019 3.7% 2018 -0.6% 2017 13.8% 2016 4.6% 2015 5.1% 2014 21.2% Fund Manager information for L&T Equity Savings Fund
Name Since Tenure Kapil Punjabi 1 May 24 0.42 Yr. Mahesh Chhabria 15 Jul 23 1.22 Yr. Praveen Ayathan 1 Oct 23 1 Yr. Cheenu Gupta 2 Jul 21 3.25 Yr. Sonal Gupta 1 Oct 23 1 Yr. Abhishek Gupta 1 Apr 24 0.5 Yr. Hitesh Gondhia 1 Oct 23 1 Yr. Data below for L&T Equity Savings Fund as on 30 Sep 24
Asset Allocation
Asset Class Value Cash 11.3% Equity 69.9% Debt 18.81% Equity Sector Allocation
Sector Value Industrials 21.67% Financial Services 21.26% Consumer Cyclical 9.32% Real Estate 4.42% Technology 4.11% Basic Materials 3.78% Health Care 2.32% Energy 2.23% Utility 0.76% Consumer Defensive 0.02% Debt Sector Allocation
Sector Value Government 15.63% Cash Equivalent 8.63% Corporate 5.84% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 23 | HDFCBANK5% ₹24 Cr 140,800
↑ 99,000 Trent Ltd (Consumer Cyclical)
Equity, Since 29 Feb 24 | 5002514% ₹18 Cr 24,000 Zomato Ltd (Consumer Cyclical)
Equity, Since 29 Feb 24 | 5433204% ₹18 Cr 650,000
↑ 200,000 Canara Bank (Financial Services)
Equity, Since 31 Aug 24 | 5324833% ₹16 Cr 1,444,500 Suzlon Energy Ltd (Industrials)
Equity, Since 30 Apr 24 | SUZLON3% ₹16 Cr 2,000,000
↑ 1,000,000 7.38% Govt Stock 2027
Sovereign Bonds | -3% ₹16 Cr 1,500,000 Steel Authority Of India Ltd (Basic Materials)
Equity, Since 31 Jul 22 | SAIL3% ₹16 Cr 1,100,000
↓ -4,000 5.22% Govt Stock 2025
Sovereign Bonds | -3% ₹15 Cr 1,499,000 State Bank of India (Financial Services)
Equity, Since 31 Aug 24 | SBIN3% ₹14 Cr 178,500 IndusInd Bank Ltd (Financial Services)
Equity, Since 31 Aug 24 | INDUSINDBK3% ₹14 Cr 93,500 2. Kotak Equity Savings Fund
CAGR/Annualized return of 9.5% since its launch. Return for 2023 was 15.7% , 2022 was 6.8% and 2021 was 11.1% . Kotak Equity Savings Fund
Growth Launch Date 13 Oct 14 NAV (05 Nov 24) ₹25.0254 ↑ 0.06 (0.26 %) Net Assets (Cr) ₹7,644 on 30 Sep 24 Category Hybrid - Equity Savings AMC Kotak Mahindra Asset Management Co Ltd Rating Risk Moderately High Expense Ratio 1.88 Sharpe Ratio 3 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Oct 19 ₹10,000 31 Oct 20 ₹10,503 31 Oct 21 ₹12,409 31 Oct 22 ₹13,112 31 Oct 23 ₹14,346 31 Oct 24 ₹16,930 Returns for Kotak Equity Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 5 Nov 24 Duration Returns 1 Month -1.5% 3 Month 0.9% 6 Month 5.1% 1 Year 17.4% 3 Year 10.8% 5 Year 11.1% 10 Year 15 Year Since launch 9.5% Historical performance (Yearly) on absolute basis
Year Returns 2023 15.7% 2022 6.8% 2021 11.1% 2020 10.4% 2019 7.8% 2018 4.2% 2017 14% 2016 6.5% 2015 6.4% 2014 Fund Manager information for Kotak Equity Savings Fund
Name Since Tenure Abhishek Bisen 13 Oct 14 9.97 Yr. Devender Singhal 1 Apr 21 3.5 Yr. Hiten Shah 3 Oct 19 5 Yr. Data below for Kotak Equity Savings Fund as on 30 Sep 24
Asset Allocation
Asset Class Value Cash 56.1% Equity 34.03% Debt 8.88% Other 0.99% Equity Sector Allocation
Sector Value Financial Services 14.18% Consumer Cyclical 12.35% Industrials 6.29% Communication Services 5.99% Basic Materials 5.97% Consumer Defensive 5.54% Energy 5.3% Utility 5.07% Technology 4.59% Health Care 0.63% Real Estate 0.41% Debt Sector Allocation
Sector Value Cash Equivalent 50.18% Corporate 10.82% Government 3.98% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Kotak Liquid Dir Gr
Investment Fund | -5% ₹366 Cr 724,439 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 17 | BHARTIARTL4% ₹325 Cr 1,899,505 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 14 | HDFCBANK4% ₹295 Cr 1,704,756 Bharti Airtel Ltd-OCT2024
Derivatives | -4% -₹276 Cr 1,598,375
↑ 1,598,375 HDFC Bank Ltd.-OCT2024
Derivatives | -3% -₹253 Cr 1,447,050
↑ 1,447,050 Vedanta Ltd (Basic Materials)
Equity, Since 30 Jun 24 | 5002953% ₹236 Cr 4,604,600
↑ 1,998,700 Vedanta Ltd.-OCT2024
Derivatives | -3% -₹236 Cr 4,604,600
↑ 4,604,600 Adani Port and Special Economic Zone Ltd.-OCT2024
Derivatives | -3% -₹232 Cr 1,594,400
↑ 1,594,400 Adani Ports & Special Economic Zone Ltd (Industrials)
Equity, Since 30 Jun 19 | ADANIPORTS3% ₹231 Cr 1,594,400 Kotak Money Market Dir Gr
Investment Fund | -3% ₹231 Cr 539,363 3. SBI Equity Savings Fund
CAGR/Annualized return of 9.3% since its launch. Return for 2023 was 17.5% , 2022 was 1.9% and 2021 was 13.2% . SBI Equity Savings Fund
Growth Launch Date 27 May 15 NAV (04 Nov 24) ₹23.0946 ↑ 0.00 (0.02 %) Net Assets (Cr) ₹5,410 on 30 Sep 24 Category Hybrid - Equity Savings AMC SBI Funds Management Private Limited Rating Risk Moderately High Expense Ratio 1.18 Sharpe Ratio 1.96 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 500 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Oct 19 ₹10,000 31 Oct 20 ₹10,358 31 Oct 21 ₹12,746 31 Oct 22 ₹13,166 31 Oct 23 ₹14,711 31 Oct 24 ₹17,106 Returns for SBI Equity Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 5 Nov 24 Duration Returns 1 Month -0.2% 3 Month 1.6% 6 Month 6.9% 1 Year 16.1% 3 Year 10.1% 5 Year 11.3% 10 Year 15 Year Since launch 9.3% Historical performance (Yearly) on absolute basis
Year Returns 2023 17.5% 2022 1.9% 2021 13.2% 2020 11.9% 2019 9.4% 2018 -0.5% 2017 14.6% 2016 6.2% 2015 2014 Fund Manager information for SBI Equity Savings Fund
Name Since Tenure Neeraj Kumar 27 May 15 9.36 Yr. Nidhi Chawla 1 Jan 22 2.75 Yr. Mansi Sajeja 1 Jun 21 3.34 Yr. Pradeep Kesavan 1 Jan 24 0.75 Yr. Vandna Soni 1 Jan 24 0.75 Yr. Data below for SBI Equity Savings Fund as on 30 Sep 24
Asset Allocation
Asset Class Value Cash 38.91% Equity 36.12% Debt 24.97% Equity Sector Allocation
Sector Value Financial Services 24.86% Consumer Cyclical 12.38% Industrials 10.65% Basic Materials 8.05% Energy 3.39% Real Estate 2.94% Health Care 2.9% Communication Services 2.04% Technology 1.84% Utility 0.72% Consumer Defensive 0.43% Debt Sector Allocation
Sector Value Cash Equivalent 38.91% Corporate 15.81% Government 8.12% Securitized 1.04% Credit Quality
Rating Value AA 48.23% AAA 51.77% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 May 15 | HDFCBANK9% ₹483 Cr 2,786,650 Future on HDFC Bank Ltd
Derivatives | -8% -₹432 Cr 2,476,650 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Dec 22 | KOTAKBANK3% ₹179 Cr 965,600
↑ 10,000 7.38% Govt Stock 2027
Sovereign Bonds | -3% ₹163 Cr 16,000,000 Future on Kotak Mahindra Bank Ltd
Derivatives | -2% -₹123 Cr 655,600
↑ 10,000 Cube Highways Trust (Industrials)
Equity, Since 30 Apr 23 | 5438992% ₹109 Cr 9,000,000
↑ 4,000,000 National Highways Infra Trust Units (Real Estate)
-, Since 31 Mar 24 | 5433852% ₹106 Cr 8,054,770 07.18 Goi 14082033
Sovereign Bonds | -2% ₹103 Cr 10,000,000
↑ 5,000,000 Infopark Properties Ltd.
Debentures | -2% ₹100 Cr 10,000 364 Day T-Bill 30.01.25
Sovereign Bonds | -2% ₹98 Cr 10,000,000
↑ 10,000,000 4. Principal Equity Savings Fund
CAGR/Annualized return of 8.9% since its launch. Ranked 38 in Equity Savings category. Return for 2023 was 15.3% , 2022 was 4.1% and 2021 was 18.2% . Principal Equity Savings Fund
Growth Launch Date 23 May 02 NAV (05 Nov 24) ₹67.4816 ↑ 0.22 (0.32 %) Net Assets (Cr) ₹926 on 30 Sep 24 Category Hybrid - Equity Savings AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆ Risk Moderately High Expense Ratio 2.23 Sharpe Ratio 2.38 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Oct 19 ₹10,000 31 Oct 20 ₹10,616 31 Oct 21 ₹13,665 31 Oct 22 ₹14,281 31 Oct 23 ₹15,451 31 Oct 24 ₹18,367 Returns for Principal Equity Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 5 Nov 24 Duration Returns 1 Month -0.8% 3 Month 3% 6 Month 6.5% 1 Year 18.2% 3 Year 10% 5 Year 12.9% 10 Year 15 Year Since launch 8.9% Historical performance (Yearly) on absolute basis
Year Returns 2023 15.3% 2022 4.1% 2021 18.2% 2020 14.6% 2019 5.1% 2018 1.6% 2017 15% 2016 5.5% 2015 3.6% 2014 12.8% Fund Manager information for Principal Equity Savings Fund
Name Since Tenure Dwijendra Srivastava 1 Jan 22 2.75 Yr. Sudhir Kedia 29 Oct 19 4.93 Yr. Rohit Seksaria 1 Jan 22 2.75 Yr. Data below for Principal Equity Savings Fund as on 30 Sep 24
Asset Allocation
Asset Class Value Cash 40.57% Equity 42.58% Debt 16.85% Equity Sector Allocation
Sector Value Financial Services 20.02% Consumer Cyclical 9.88% Technology 9.34% Energy 8.21% Industrials 8.07% Communication Services 6.25% Health Care 5.62% Basic Materials 3.83% Consumer Defensive 3.18% Utility 0.4% Real Estate 0.32% Debt Sector Allocation
Sector Value Cash Equivalent 40.57% Government 14.15% Corporate 2.69% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE7% ₹63 Cr 207,250 7.10%Goi 08/04/2034
Sovereign Bonds | -6% ₹56 Cr 5,500,000 Future on Reliance Industries Ltd
Derivatives | -6% -₹52 Cr 171,250
↑ 171,250 Infosys Ltd (Technology)
Equity, Since 30 Jun 21 | INFY4% ₹40 Cr 205,100 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Apr 24 | BHARTIARTL4% ₹38 Cr 239,850 IndusInd Bank Ltd (Financial Services)
Equity, Since 31 Oct 22 | INDUSINDBK4% ₹33 Cr 232,000 Infosys Limited September 2024
Derivatives | -4% -₹33 Cr 166,800 Future on IndusInd Bank Ltd
Derivatives | -3% -₹28 Cr 198,000
↑ 198,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 17 | 5322153% ₹25 Cr 210,875 Future on Bharti Airtel Ltd
Derivatives | -3% -₹25 Cr 154,850
↑ 154,850
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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