BNP Paribas ELSS Mutual Funds

The Baroda BNP Paribas ELSS Mutual Fund is an equity-linked mutual fund scheme that offers the combined benefit of significant returns and tax benefits under Section 80C of the Income Tax Act. The fund invests 96.99% of its portfolio in domestic equities, of which 60.08% is invested in large-cap stocks, 9.68% is invested in mid-cap stocks, and 14.25% is invested in small-cap stocks. This scheme was launched on November 14, 2005, and, as of 2022, has over Rs. 700 crores worth of assets under its management. This fund can deliver returns at par with most other schemes. The fund has consistently doubled the investment amount in six years. Some main holdings are ICICI Bank, HDFC Bank Limited, Reliance Industries, State Bank of India, and Infosys Limited. This blog will look at some details of this mutual fund scheme.


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Fund Category

  • Equity Linked Savings Scheme

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    Investment Objective

    The Baroda BNP Paribas ELSS Mutual Fund is a diversified equity mutual fund that delivers an opportunity to generate significant wealth over a long period. The fund typically invests in equity and equity-linked options in a set proportion according to the fund’s mandate. The fund manager will conduct a detailed market analysis to select quality stocks to ensure that the portfolio returns remain consistent with expectations. This investment tool has a lock-in period of three years. When you invest in this scheme, you become eligible for tax deductions of up to Rs. 1.5 lakh in accordance with Section 80C of the Income Tax Act. The invested amount is deductible from your outstanding tax, thus lowering your tax liability for the year.

    Risks Involved in Baroda BNP Paribas ELSS Mutual Funds 

    The Baroda BNP Paribas ELSS Mutual Fund investment scheme exhibits a potential for moderately high investment risk compared to balanced or debt fund options. The fund price might be subject to volatility according to the price of the underlying stocks. The stock prices might fluctuate according to changes in volume and price in the stock market, government policies, interest rates, exchange rates, economic developments, and tax laws. 

    Due to a diversified portfolio, these funds are less risky than mid/small cap and theme/sector-based funds. Further, the inherent risk may be negated if you stay invested longer. Investors should consider their appetite for risk before investing in this fund.

    Return Potential of Baroda BNP Paribas ELSS Mutual Funds

    Investment in a Baroda BNP Paribas ELSS Mutual Fund fund is sure to generate returns from regular dividend payouts and high capital appreciation. Capital appreciation depends on the price increase of underlying stock options over a set investment period. The three-year lock-in period of the fund enables the stock manager to take decisions without the risk of frequent fund redemptions. This holistic approach to investing results in higher capital appreciation throughout the tenure.

    Typically, ELSS funds have delivered average returns of 12% to 15% over an investment horizon of over five years. However, this fund does not provide guaranteed returns since the performance of the fund tends to vary from one period to the other. An aggressive investor who wishes to boost returns should consider adding a few mid-cap or small-cap funds to the investment portfolio.

    Who Should Invest in Baroda BNP ELSS Paribas Mutual Funds?

    This mutual fund scheme is an ideal investment tool for investors with a high-risk appetite. These funds come with the shortest lock-in period of three years compared to other Section 80C-linked investment tools. This makes them perfect for efficient wealth generation over the investment tenure in a tax-friendly manner. Investors may deploy capital in this fund to attain long-term goals like buying property, children’s education, and planning retirement. To benefit from this scheme's potential, one should stay invested throughout the lock-in period. This may also imply depositing such savings in this scheme which you will not require in the future.

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    Frequently Asked Questions (FAQs)

    How is Baroda BNP Paribas ELSS Mutual Fund doing?

    Since its introduction over 16 years ago, this fund has delivered an average annual return of 14.37%. The returns from this fund last year stood at 5.72%. This scheme exhibits the ability to double the investment amount in 3 years.

    Is Baroda BNP Paribas ELSS Mutual Fund Safe?

    This ELSS investment scheme is a moderately high-risk to high-risk investment option. Its ability to control losses in a falling market is average.

    Is it reasonable to invest in equity funds?

    For investors who are averse to risk-taking, equity funds may be a better option than building a small portfolio on individual stock options, which may not effectively negate the risk.
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