Table of Contents
4 Best Tax Saving ELSS Mutual Funds FY 24 - 25
ELSS (Equity Linked Saving Scheme) is one of the best tax-saving options that help you save a lot of money on income tax along with earning Capital appreciation on investments.
Tax Saving ELSS funds allow tax exemptions up to INR 1,50,000 under Section 80C of the Income Tax Act. Therefore, by Investing in these tax saving Mutual Funds, even the investors in the highest tax bracket of 30% can avail tax exemptions of around INR 46,000 for a particular financial year along with earning good returns.
ELSS are Market-linked investments, you are suggested to carry out investments in these funds wisely so as to avert long-term losses and risks.
Benefits of Investing in ELSS Funds FY 24 - 25
- ELSS mutual funds provide tax exemptions up to INR 1,50,000.
- The returns are much higher than the returns offered by other Tax Saving Investment options.
- ELSS have the shortest lock-in period of 3 years, which is comparatively much less than other tax saving investments.
- ELSS funds offer an option to invest via SIP, so the investors can easily manage their ELSS investment by investing small amounts monthly.
All the above-mentioned factors make ELSS one of the best tax saving options.
If you are planning to invest, then SIP (Systematic Investment plan) is one of the Best ways to invest money in ELSS. The regular investment habit keeps your Portfolio disciplined and balanced. Also, the hassle of arranging money for a lump sum at the last moment of the tax calendar is eliminated. In SIP, you can fix the investment amount, which can be as low as Rs. 500, and a date where your money will be auto-deducted from your Bank account to ELSS funds.
Talk to our investment specialist
How to Invest in ELSS Funds Online?
Open Free Investment Account for Lifetime at Fincash.com.
Complete your Registration and KYC Process
Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!
Top 4 Best performing Tax Saving ELSS Mutual Funds
The Scheme seeks to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities across all market capitalisations. The Scheme is in the nature of diversified multi-cap fund. The Scheme is not providing any assured or guaranteed returns.(There can be no assurance that the investment objectives of the Scheme will be realized.) BOI AXA Tax Advantage Fund is a Equity - ELSS fund was launched on 25 Feb 09. It is a fund with Moderately High risk and has given a Below is the key information for BOI AXA Tax Advantage Fund Returns up to 1 year are on (ELSS Scheme) Seeking to provide long term capital appreciation by predominantly investing in equities and to facilitate the subscribers to seek tax benefits as provided under Section 80 C of the Income Tax Act, 1961. However, there can be no assurance that the investment objective of
the scheme will be realized. Canara Robeco Equity Tax Saver is a Equity - ELSS fund was launched on 2 Feb 09. It is a fund with Moderately High risk and has given a Below is the key information for Canara Robeco Equity Tax Saver Returns up to 1 year are on To generate long-term capital appreciation through investments made primarily in equity and equity related securities of companies. ICICI Prudential Long Term Equity Fund (Tax Saving) is a Equity - ELSS fund was launched on 19 Aug 99. It is a fund with Moderately High risk and has given a Below is the key information for ICICI Prudential Long Term Equity Fund (Tax Saving) Returns up to 1 year are on The investment objective of the scheme is to generate long term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments. The Scheme does not guarantee or assure any returns. Mirae Asset Tax Saver Fund is a Equity - ELSS fund was launched on 28 Dec 15. It is a fund with Moderately High risk and has given a Below is the key information for Mirae Asset Tax Saver Fund Returns up to 1 year are on Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) Since launch (%) BOI AXA Tax Advantage Fund Growth ₹153.38
↑ 0.05 ₹1,150 9.3 28.4 53.6 24.6 24.7 34.8 19.8 Canara Robeco Equity Tax Saver Growth ₹150.46
↓ -0.52 ₹7,333 1.9 15.1 30.5 17.3 18 23.7 19.5 ICICI Prudential Long Term Equity Fund (Tax Saving) Growth ₹794.58
↓ -2.55 ₹12,895 4.5 15.5 34.7 18.3 15.6 23.2 19.4 Mirae Asset Tax Saver Fund Growth ₹41.741
↓ -0.03 ₹21,302 2.9 16.1 35.1 18.3 18.5 27 18.8 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 16 Apr 24 100 Crore sorted on annualized returns since launch / inception.
1. BOI AXA Tax Advantage Fund
CAGR/Annualized return of 19.8% since its launch. Ranked 13 in ELSS category. Return for 2023 was 34.8% , 2022 was -1.3% and 2021 was 41.5% . BOI AXA Tax Advantage Fund
Growth Launch Date 25 Feb 09 NAV (16 Apr 24) ₹153.38 ↑ 0.05 (0.03 %) Net Assets (Cr) ₹1,150 on 29 Feb 24 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.49 Sharpe Ratio 2.81 Information Ratio 0.74 Alpha Ratio 5.67 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹8,986 31 Mar 21 ₹15,681 31 Mar 22 ₹19,443 31 Mar 23 ₹19,377 31 Mar 24 ₹29,944 Returns for BOI AXA Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 24 Duration Returns 1 Month 5.9% 3 Month 9.3% 6 Month 28.4% 1 Year 53.6% 3 Year 24.6% 5 Year 24.7% Since launch 19.8% 10 Year 15 Year Historical performance (Yearly) on absolute basis
Year Returns 2023 34.8% 2022 -1.3% 2021 41.5% 2020 31.2% 2019 14.6% 2018 -16.3% 2017 57.7% 2016 -1.2% 2015 2.1% 2014 44% Fund Manager information for BOI AXA Tax Advantage Fund
Name Since Tenure Alok Singh 27 Apr 22 1.93 Yr. Data below for BOI AXA Tax Advantage Fund as on 29 Feb 24
Equity Sector Allocation
Sector Value Financial Services 25.25% Industrials 10.47% Consumer Cyclical 9.03% Health Care 8.58% Basic Materials 8.09% Energy 7.7% Technology 5.05% Utility 3.86% Consumer Defensive 2.52% Real Estate 1.36% Asset Allocation
Asset Class Value Cash 15.6% Equity 81.91% Debt 2.49% Top Securities Holdings / Portfolio
Name Holding Value Quantity State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN4% ₹46 Cr 620,000
↓ -160,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK3% ₹39 Cr 280,000 Canara Bank (Financial Services)
Equity, Since 31 Aug 22 | 5324833% ₹39 Cr 695,000
↓ -200,000 Oil India Ltd (Energy)
Equity, Since 31 Mar 23 | OIL3% ₹38 Cr 702,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE3% ₹38 Cr 130,000 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Jun 22 | SUNPHARMA3% ₹34 Cr 217,000 Bank of Baroda (Financial Services)
Equity, Since 31 Oct 22 | 5321343% ₹33 Cr 1,236,338
↓ -413,662 NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | 5325553% ₹31 Cr 920,000
↓ -118,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 22 | LT3% ₹29 Cr 82,800 Kotak Mahindra Bank Ltd.
Debentures | -2% ₹28 Cr 3,000,000 2. Canara Robeco Equity Tax Saver
CAGR/Annualized return of 19.5% since its launch. Ranked 36 in ELSS category. Return for 2023 was 23.7% , 2022 was -0.2% and 2021 was 35.1% . Canara Robeco Equity Tax Saver
Growth Launch Date 2 Feb 09 NAV (16 Apr 24) ₹150.46 ↓ -0.52 (-0.34 %) Net Assets (Cr) ₹7,333 on 29 Feb 24 Category Equity - ELSS AMC Canara Robeco Asset Management Co. Ltd. Rating ☆ Risk Moderately High Expense Ratio 1.96 Sharpe Ratio 2.11 Information Ratio -0.82 Alpha Ratio -4.1 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹8,282 31 Mar 21 ₹14,378 31 Mar 22 ₹17,295 31 Mar 23 ₹17,203 31 Mar 24 ₹22,943 Returns for Canara Robeco Equity Tax Saver
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 24 Duration Returns 1 Month 2.5% 3 Month 1.9% 6 Month 15.1% 1 Year 30.5% 3 Year 17.3% 5 Year 18% Since launch 19.5% 10 Year 15 Year Historical performance (Yearly) on absolute basis
Year Returns 2023 23.7% 2022 -0.2% 2021 35.1% 2020 27.4% 2019 10.7% 2018 2.7% 2017 32% 2016 0% 2015 0.6% 2014 45.2% Fund Manager information for Canara Robeco Equity Tax Saver
Name Since Tenure Vishal Mishra 26 Jun 21 2.77 Yr. Shridatta Bhandwaldar 1 Oct 19 4.5 Yr. Data below for Canara Robeco Equity Tax Saver as on 29 Feb 24
Equity Sector Allocation
Sector Value Financial Services 27.81% Consumer Cyclical 12.51% Industrials 11.86% Technology 11.18% Energy 6.63% Health Care 6.42% Consumer Defensive 6.26% Basic Materials 5.94% Communication Services 2.99% Utility 2.83% Real Estate 1% Asset Allocation
Asset Class Value Cash 4.57% Equity 95.43% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 08 | HDFCBANK6% ₹468 Cr 3,337,584 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK6% ₹424 Cr 4,026,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 18 | INFY5% ₹370 Cr 2,211,310 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 19 | RELIANCE5% ₹330 Cr 1,131,000
↑ 30,000 NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | 5325553% ₹207 Cr 6,175,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 20 | LT3% ₹203 Cr 584,369
↑ 20,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 20 | TCS3% ₹201 Cr 490,073 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 21 | BHARTIARTL2% ₹173 Cr 1,540,000
↑ 40,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN2% ₹166 Cr 2,220,000 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Nov 21 | SUNPHARMA2% ₹164 Cr 1,040,000 3. ICICI Prudential Long Term Equity Fund (Tax Saving)
CAGR/Annualized return of 19.4% since its launch. Ranked 30 in ELSS category. Return for 2023 was 23.2% , 2022 was 2.3% and 2021 was 33.7% . ICICI Prudential Long Term Equity Fund (Tax Saving)
Growth Launch Date 19 Aug 99 NAV (16 Apr 24) ₹794.58 ↓ -2.55 (-0.32 %) Net Assets (Cr) ₹12,895 on 29 Feb 24 Category Equity - ELSS AMC ICICI Prudential Asset Management Company Limited Rating ☆☆ Risk Moderately High Expense Ratio 1.87 Sharpe Ratio 2.54 Information Ratio -0.42 Alpha Ratio 1.32 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹7,265 31 Mar 21 ₹12,736 31 Mar 22 ₹15,707 31 Mar 23 ₹15,281 31 Mar 24 ₹21,051 Returns for ICICI Prudential Long Term Equity Fund (Tax Saving)
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 24 Duration Returns 1 Month 2.6% 3 Month 4.5% 6 Month 15.5% 1 Year 34.7% 3 Year 18.3% 5 Year 15.6% Since launch 19.4% 10 Year 15 Year Historical performance (Yearly) on absolute basis
Year Returns 2023 23.2% 2022 2.3% 2021 33.7% 2020 13.6% 2019 8.8% 2018 0.5% 2017 26% 2016 3.9% 2015 4.3% 2014 50.8% Fund Manager information for ICICI Prudential Long Term Equity Fund (Tax Saving)
Name Since Tenure Mittul Kalawadia 18 Sep 23 0.54 Yr. Sharmila D’mello 31 Jul 22 1.67 Yr. Data below for ICICI Prudential Long Term Equity Fund (Tax Saving) as on 29 Feb 24
Equity Sector Allocation
Sector Value Financial Services 30.71% Consumer Cyclical 13.31% Health Care 10.85% Industrials 7.78% Communication Services 7.44% Consumer Defensive 7.39% Technology 6.95% Energy 5.64% Utility 2.35% Basic Materials 1.89% Real Estate 1.52% Asset Allocation
Asset Class Value Cash 4.17% Equity 95.83% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 18 | ICICIBANK8% ₹1,020 Cr 9,691,157 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 17 | BHARTIARTL6% ₹739 Cr 6,575,729 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 17 | HDFCBANK5% ₹682 Cr 4,858,248
↑ 681,858 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 28 Feb 18 | MARUTI5% ₹636 Cr 563,461 Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 29 Feb 20 | 5403765% ₹608 Cr 1,552,220 Reliance Industries Ltd (Energy)
Equity, Since 31 May 20 | RELIANCE5% ₹603 Cr 2,062,445 Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 5322155% ₹592 Cr 5,508,485
↓ -258,120 Infosys Ltd (Technology)
Equity, Since 30 Jun 16 | INFY5% ₹586 Cr 3,500,000
↓ -72,202 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 May 17 | SUNPHARMA3% ₹433 Cr 2,747,138 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Oct 18 | LT3% ₹420 Cr 1,206,565 4. Mirae Asset Tax Saver Fund
CAGR/Annualized return of 18.8% since its launch. Return for 2023 was 27% , 2022 was 0.1% and 2021 was 35.3% . Mirae Asset Tax Saver Fund
Growth Launch Date 28 Dec 15 NAV (16 Apr 24) ₹41.741 ↓ -0.03 (-0.07 %) Net Assets (Cr) ₹21,302 on 29 Feb 24 Category Equity - ELSS AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating Risk Moderately High Expense Ratio 1.19 Sharpe Ratio 2.28 Information Ratio -0.7 Alpha Ratio -2.74 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹7,769 31 Mar 21 ₹14,451 31 Mar 22 ₹17,380 31 Mar 23 ₹17,171 31 Mar 24 ₹23,203 Returns for Mirae Asset Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 24 Duration Returns 1 Month 4.2% 3 Month 2.9% 6 Month 16.1% 1 Year 35.1% 3 Year 18.3% 5 Year 18.5% Since launch 18.8% 10 Year 15 Year Historical performance (Yearly) on absolute basis
Year Returns 2023 27% 2022 0.1% 2021 35.3% 2020 21.5% 2019 14.1% 2018 -2.3% 2017 47.9% 2016 14.8% 2015 2014 Fund Manager information for Mirae Asset Tax Saver Fund
Name Since Tenure Neelesh Surana 28 Dec 15 8.26 Yr. Data below for Mirae Asset Tax Saver Fund as on 29 Feb 24
Equity Sector Allocation
Sector Value Financial Services 32.11% Consumer Cyclical 13.75% Industrials 11.23% Basic Materials 9.71% Technology 9.29% Health Care 7.19% Energy 4.81% Utility 4.5% Consumer Defensive 3.28% Communication Services 2.35% Real Estate 1.3% Asset Allocation
Asset Class Value Cash 0.49% Equity 99.51% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK8% ₹1,711 Cr 12,194,903
↑ 700,000 State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN5% ₹1,038 Cr 13,873,799
↓ -860,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK5% ₹987 Cr 9,381,912
↓ -687,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 16 | LT4% ₹830 Cr 2,387,755
↑ 141,923 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 15 | RELIANCE4% ₹799 Cr 2,733,104
↓ -272,500 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 5322154% ₹755 Cr 7,026,566 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | KOTAKBANK4% ₹752 Cr 4,448,201
↑ 125,000 Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY3% ₹658 Cr 3,929,691 NTPC Ltd (Utilities)
Equity, Since 31 Jan 22 | 5325552% ₹530 Cr 15,801,689
↓ -2,825,000 HCL Technologies Ltd (Technology)
Equity, Since 31 Oct 21 | HCLTECH2% ₹467 Cr 2,804,076
↓ -496,553
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.
You Might Also Like
AMFI Registration No. 112358 | CIN: U74999MH2016PTC282153
Shepard Technologies Pvt. Ltd. (with ARN code 112358) makes no warranties or representations, express or implied, on products offered through the platform. It accepts no liability for any damages or losses, however caused, in connection with the use of, or on the reliance of its product or related services. Terms and conditions of the website are applicable.
©2024 Shepard Technologies Private Limited. All Rights Reserved