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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 ₹32.6736
↑ 0.20 ₹548 0.8 8 22 12.7 13.1 17 Kotak Equity Savings Fund Growth ₹24.9776
↑ 0.19 ₹7,804 -1.3 4.2 15.6 10.8 11 15.7 Principal Equity Savings Fund Growth ₹67.0266
↑ 0.31 ₹990 -0.1 5.5 15.2 10.2 12.7 15.3 HDFC Equity Savings Fund Growth ₹63.363
↑ 0.36 ₹5,463 -0.5 4 14.5 9.9 11.1 13.8 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 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 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 The investment objective of the scheme is to provide capital
appreciation and income distribution to the investors using arbitrage
opportunities, investment in equity / equity related instruments and
debt / money market instruments. HDFC Equity Savings Fund is a Hybrid - Equity Savings fund was launched on 17 Sep 04. It is a fund with Moderately High risk and has given a Below is the key information for HDFC Equity Savings Fund Returns up to 1 year are on 1. L&T Equity Savings Fund
CAGR/Annualized return of 9.5% 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 (22 Nov 24) ₹32.6736 ↑ 0.20 (0.62 %) Net Assets (Cr) ₹548 on 31 Oct 24 Category Hybrid - Equity Savings AMC L&T Investment Management Ltd Rating ☆☆ Risk Moderately High Expense Ratio 1.49 Sharpe Ratio 2.78 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 22 Nov 24 Duration Returns 1 Month 0.4% 3 Month 0.8% 6 Month 8% 1 Year 22% 3 Year 12.7% 5 Year 13.1% 10 Year 15 Year Since launch 9.5% 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 0.5 Yr. Mahesh Chhabria 15 Jul 23 1.3 Yr. Praveen Ayathan 1 Oct 23 1.09 Yr. Cheenu Gupta 2 Jul 21 3.33 Yr. Sonal Gupta 1 Oct 23 1.09 Yr. Abhishek Gupta 1 Apr 24 0.58 Yr. Hitesh Gondhia 1 Oct 23 1.09 Yr. Data below for L&T Equity Savings Fund as on 31 Oct 24
Asset Allocation
Asset Class Value Cash 44.43% Equity 37.78% Debt 17.79% 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 Cash Equivalent 40.75% Government 15.63% 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 Future on HDFC Bank Ltd
Derivatives | -5% -₹24 Cr 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 Future on Canara Bank
Derivatives | -3% -₹16 Cr 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 Future on Steel Authority Of India Ltd
Derivatives | -3% -₹16 Cr 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 (22 Nov 24) ₹24.9776 ↑ 0.19 (0.78 %) Net Assets (Cr) ₹7,804 on 31 Oct 24 Category Hybrid - Equity Savings AMC Kotak Mahindra Asset Management Co Ltd Rating Risk Moderately High Expense Ratio 1.88 Sharpe Ratio 1.89 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 22 Nov 24 Duration Returns 1 Month -0.4% 3 Month -1.3% 6 Month 4.2% 1 Year 15.6% 3 Year 10.8% 5 Year 11% 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 10.06 Yr. Devender Singhal 1 Apr 21 3.59 Yr. Hiten Shah 3 Oct 19 5.08 Yr. Data below for Kotak Equity Savings Fund as on 31 Oct 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. Principal Equity Savings Fund
CAGR/Annualized return of 8.8% 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 (22 Nov 24) ₹67.0266 ↑ 0.31 (0.47 %) Net Assets (Cr) ₹990 on 31 Oct 24 Category Hybrid - Equity Savings AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆ Risk Moderately High Expense Ratio 2.23 Sharpe Ratio 2.15 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 22 Nov 24 Duration Returns 1 Month -1% 3 Month -0.1% 6 Month 5.5% 1 Year 15.2% 3 Year 10.2% 5 Year 12.7% 10 Year 15 Year Since launch 8.8% 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 2.83 Yr. Sudhir Kedia 29 Oct 19 5.01 Yr. Rohit Seksaria 1 Jan 22 2.83 Yr. Data below for Principal Equity Savings Fund as on 31 Oct 24
Asset Allocation
Asset Class Value Cash 39.22% Equity 40.39% Debt 20.4% Equity Sector Allocation
Sector Value Financial Services 23.07% Consumer Cyclical 10.01% Industrials 8.95% Energy 7.57% Technology 7.53% Communication Services 6.79% Health Care 5.08% Basic Materials 3.48% Consumer Defensive 3.15% Utility 0.39% Real Estate 0.32% Debt Sector Allocation
Sector Value Cash Equivalent 39.22% Government 16.6% Corporate 3.8% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.10%Goi 08/04/2034
Sovereign Bonds | -7% ₹67 Cr 6,500,000
↑ 1,000,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE6% ₹61 Cr 207,250 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Apr 24 | BHARTIARTL5% ₹51 Cr 298,275
↑ 58,425 Future on Reliance Industries Ltd
Derivatives | -5% -₹51 Cr 171,250
↑ 171,250 India (Republic of)
- | -5% ₹48 Cr 5,000,000
↑ 5,000,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 17 | 5322154% ₹40 Cr 324,625
↑ 113,750 Infosys Ltd (Technology)
Equity, Since 30 Jun 21 | INFY4% ₹38 Cr 205,100 Future on Bharti Airtel Ltd
Derivatives | -4% -₹37 Cr 213,275
↑ 213,275 Future on Axis Bank Ltd
Derivatives | -4% -₹35 Cr 285,625
↑ 285,625 IndusInd Bank Ltd (Financial Services)
Equity, Since 31 Oct 22 | INDUSINDBK3% ₹34 Cr 232,000 4. HDFC Equity Savings Fund
CAGR/Annualized return of 9.6% since its launch. Ranked 12 in Equity Savings category. Return for 2023 was 13.8% , 2022 was 6% and 2021 was 16.8% . HDFC Equity Savings Fund
Growth Launch Date 17 Sep 04 NAV (22 Nov 24) ₹63.363 ↑ 0.36 (0.57 %) Net Assets (Cr) ₹5,463 on 31 Oct 24 Category Hybrid - Equity Savings AMC HDFC Asset Management Company Limited Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2 Sharpe Ratio 2.24 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 300 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 ₹9,919 31 Oct 21 ₹12,892 31 Oct 22 ₹13,461 31 Oct 23 ₹14,539 31 Oct 24 ₹17,082 Returns for HDFC Equity Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Nov 24 Duration Returns 1 Month -0.7% 3 Month -0.5% 6 Month 4% 1 Year 14.5% 3 Year 9.9% 5 Year 11.1% 10 Year 15 Year Since launch 9.6% Historical performance (Yearly) on absolute basis
Year Returns 2023 13.8% 2022 6% 2021 16.8% 2020 8.8% 2019 5.8% 2018 0.9% 2017 16.5% 2016 14.1% 2015 2% 2014 15.7% Fund Manager information for HDFC Equity Savings Fund
Name Since Tenure Anil Bamboli 17 Sep 04 20.14 Yr. Arun Agarwal 17 Sep 04 20.14 Yr. Srinivasan Ramamurthy 14 Dec 21 2.88 Yr. Nirman Morakhia 15 Feb 23 1.71 Yr. Dhruv Muchhal 22 Jun 23 1.36 Yr. Data below for HDFC Equity Savings Fund as on 31 Oct 24
Asset Allocation
Asset Class Value Cash 43.84% Equity 32.92% Debt 23.24% Equity Sector Allocation
Sector Value Financial Services 22.15% Consumer Cyclical 10.58% Industrials 5.98% Health Care 5.51% Consumer Defensive 5.25% Basic Materials 4.35% Technology 3.63% Energy 3.59% Utility 2.76% Communication Services 1.88% Debt Sector Allocation
Sector Value Cash Equivalent 43.84% Government 11.41% Corporate 10.27% Securitized 1.57% Credit Quality
Rating Value AA 17.1% AAA 82.9% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 17 | HDFCBANK8% ₹450 Cr 2,593,450
↑ 100,000 Future on HDFC Bank Ltd
Derivatives | -5% -₹296 Cr ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 12 | ICICIBANK5% ₹258 Cr 1,998,400
↑ 188,900 United Spirits Ltd (Consumer Defensive)
Equity, Since 30 Nov 16 | UNITDSPR3% ₹175 Cr 1,209,600
↓ -155,900 Future on United Spirits Ltd
Derivatives | -3% -₹155 Cr Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 16 | 5322153% ₹148 Cr 1,276,250
↑ 50,000 Future on Titan Co Ltd
Derivatives | -2% -₹134 Cr Titan Co Ltd (Consumer Cyclical)
Equity, Since 31 Jul 17 | TITAN2% ₹134 Cr 409,675 7.18% Govt Stock 2033
Sovereign Bonds | -2% ₹134 Cr 13,100,000 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Jun 16 | SUNPHARMA2% ₹132 Cr 714,150
↑ 58,450
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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