Bandhan ELSS Mutual Fund

Bandhan ELSS Mutual Funds are an excellent investment strategy for wealth creation through equity instruments. Invest through these funds to save tax money and earn decent returns over a period of 3 to 5 years. The funds are diversified through large, mid, and small-cap stocks


SIP Duration

5Y Returns

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Fund Category

  • Equity Linked Savings Scheme

Best Mutual Funds 2024

Result Showing 1-4 of 4 Mutual Funds

    Mutual Fund Schemes
    5Y Returns
    (in Cr.)
    153.75Feb 28, 2024

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    Result Showing 1-4 of 4 Mutual Funds

    Investment Objective

    Bandhan ELSS mutual funds are the kind of investment scheme that allocate its monetary assets in equity-related securities. Generally, investors aim for long-term capital appreciation with taxation benefits. One must have an investment horizon of at least 3-5 years for the funds to mature and provide decent returns fully. The primary objective can also align with personal financial goals such as education, retirement planning, or buying a house.

    Risks Involved in Bandhan ELSS Mutual Fund

    All kinds of mutual funds are subject to market risk and Bandhan ELSS mutual funds are no exception. These funds carry moderate to high risk and despite a good return pattern, the fund's value can drop considerably. It is majorly dependent on the underlying stocks that these funds are invested in. Moreover, investors should also keep in mind the liquidity and taxation risks involved. Lastly, the strategies fund managers use to invest these funds also result in either positive or negative returns.

    Return Potential of Bandhan ELSS Mutual Fund

    Bandhan ELSS mutual funds have a good track record, delivering a return of 19.40% in the financial year 2021-22. Moreover, it has outperformed its benchmark by providing investors with a return of 17% to 18% in the same period. Furthermore, the fund has an Asset Under Management worth INR 4563.40 crores while having an expense ratio of 0.74%. Considering all these data, it can be concluded that the Bandhan ELSS mutual funds can in fact produce favourable returns for its investors. Lastly, the fact remains that despite the past performance, one should not expect guaranteed returns as mutual funds carry high amount of risk as well.

    Who Should Invest in Bandhan ELSS Mutual Fund?

    If you want to save on taxes and gain wealth over a medium to long-term investment period, consider investing in the Bandhan ELSS mutual funds. These funds call for higher risk endurance. However, it is prudent to spend a good amount of time understanding the fund's main objectives and aligning them with your own personal financial goals. The Equity Linked Savings Scheme can be a great investment plan for saving wealth while creating long-term funds.

    Things To Consider Before Investing in Bandhan ELSS Mutual Fund

    Before investing in the Bandhan Equity Linked Savings Scheme (ELSS) Mutual Fund, there are several crucial factors that you should carefully consider. ELSS funds offer a combination of tax benefits and potential for capital appreciation, but like any investment, they come with risks. Here are some key points to ponder before making your investment decision:

    • Investment Goals: Determine your investment goals and time horizon. ELSS funds have a lock-in period of three years, so ensure that this aligns with your financial objectives.
    • Risk Tolerance: Understand your risk tolerance. ELSS funds invest in equities, which can be volatile in the short term. Assess if you are comfortable with the potential ups and downs of the stock market.
    • Performance Track Record: Research the historical performance of the Bandhan ELSS Mutual Fund. While past performance doesn't guarantee future results, it can provide insights into how the fund has performed in different market conditions.
    • Fund Manager Expertise: Evaluate the experience and track record of the fund manager. A skilled and experienced fund manager can significantly impact the fund's performance.
    • Portfolio Composition: Analyse the fund's portfolio composition. Look at the sectors and stocks the fund is invested in. Diversification can help mitigate risks.
    • Tax Benefits: ELSS funds offer tax benefits under Section 80C of the Income Tax Act in India. However, remember that tax laws can change, so it's essential to stay updated.
    • Lock-in Period: ELSS funds have a mandatory lock-in period of three years. Ensure you can commit to this timeline, as you won't be able to redeem your investment before this period ends.
    • Exit Load: Check for any exit loads associated with the fund. Exit loads are levied if you redeem your investment before a specified period.

    Tax on Bandhan ELSS Mutual Fund

    Tax implication on investors for Bandhan ELSS mutual fund mostly comes with benefits offered under the Income Tax Act 1961. With the provision, one can reduce tax liabilities worth INR 1.5 Lakh. The investment growth (long-term capital gains) from Bandhan ELSS Mutual Fund is tax-free up to INR 1 Lakh per year and is taxed only at 10% above INR 1 Lakh.

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    Frequently Asked Questions

    How is Bandhan ELSS Mutual Fund doing?

    Bandhan ELSS mutual funds are performing well by producing 17% to 19% returns on investment. They have also outperformed its benchmark, the S&P BSP 500 TRI.

    Is Bandhan ELSS Mutual Fund Safe?

    Bandhan ELSS mutual funds, like any other equity mutual funds, are subject to market risk. It is always advisable to conduct good market research before investing.

    Is it good to invest in Bandhan ELSS Mutual Fund?

    With an AUM of INR 4563.40 crore and an expense ratio of 0.74%, Bandhan ELSS mutual funds can be a great investment opportunity to diversify your portfolio. Do consider speaking to an expert before investing.
    Urban Money