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Top 10 Best performing ELSS Mutual Funds of 2023 | Fincash.com

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Best ELSS Mutual Funds for Investment of 2023

Updated on July 23, 2024 , 589 views

Best elss Funds or Equity Linked Savings Schemes are equity diversified Mutual Funds that majorly invest in equity-linked instruments (like shares and stocks) to provide Market-linked returns. Typically, 80% of the fund corpus is invested in equity and the remaining in debt instruments. Best ELSS funds are also known as the tax saving Mutual Funds as they offer tax benefits under Section 80C of the income tax Act. for year 2023 best funds are listed below as per their performance.

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Top 10 ELSS Funds 2023 Based on Performance

FundNAVNet Assets (Cr)2023 (%)2022 (%)2021 (%)2020 (%)2019 (%)
SBI Magnum Tax Gain Fund Growth ₹432.213
↑ 2.67
₹25,738406.93118.94
Motilal Oswal Long Term Equity Fund Growth ₹48.3716
↓ -0.08
₹3,710371.832.18.813.2
BOI AXA Tax Advantage Fund Growth ₹171.47
↓ -0.22
₹1,42834.8-1.341.531.214.6
HDFC Tax Saver Fund Growth ₹1,331.93
↓ -4.77
₹15,67433.210.535.35.83.7
BNP Paribas Long Term Equity Fund (ELSS) Growth ₹91.1384
↓ -0.33
₹92931.3-2.123.617.814.3
Franklin India Taxshield Growth ₹1,450.53
↑ 2.84
₹6,81631.25.436.79.85.1
JM Tax Gain Fund Growth ₹49.2789
↑ 0.22
₹16130.90.532.218.314.9
Invesco India Tax Plan Growth ₹123.02
↓ -0.32
₹2,84730.9-7.732.619.29.4
DSP BlackRock Tax Saver Fund Growth ₹135.977
↑ 0.35
₹16,284304.535.11514.8
Taurus Tax Shield Growth ₹181.15
↓ -1.02
₹7828.76.620.113.77.7
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 25 Jul 24

Top Performing Best ELSS Funds

1. SBI Magnum Tax Gain Fund

To deliver the benefit of investment in a portfolio of equity shares, while offering deduction on such investment made in the scheme under section 80C of the Income-tax Act, 1961. It also seeks to distribute income periodically depending on distributable surplus. Investments in this scheme would be subject to a statutory lock-in of 3 years from the date of allotment to avail Section 80C benefits.

SBI Magnum Tax Gain Fund is a Equity - ELSS fund was launched on 7 May 07. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 14% since its launch.  Ranked 31 in ELSS category.  Return for 2023 was 40% , 2022 was 6.9% and 2021 was 31% .

Below is the key information for SBI Magnum Tax Gain Fund

SBI Magnum Tax Gain Fund
Growth
Launch Date 7 May 07
NAV (25 Jul 24) ₹432.213 ↑ 2.67   (0.62 %)
Net Assets (Cr) ₹25,738 on 30 Jun 24
Category Equity - ELSS
AMC SBI Funds Management Private Limited
Rating
Risk Moderately High
Expense Ratio 1.79
Sharpe Ratio 3.24
Information Ratio 0
Alpha Ratio 0
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹8,902
30 Jun 21₹14,117
30 Jun 22₹14,163
30 Jun 23₹18,737
30 Jun 24₹29,399

SBI Magnum Tax Gain Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹570,326.
Net Profit of ₹270,326
Invest Now

Returns for SBI Magnum Tax Gain Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Jul 24

DurationReturns
1 Month 2.9%
3 Month 11.7%
6 Month 26.7%
1 Year 54.6%
3 Year 27.9%
5 Year 25.8%
10 Year
15 Year
Since launch 14%
Historical performance (Yearly) on absolute basis
YearReturns
2023 40%
2022 6.9%
2021 31%
2020 18.9%
2019 4%
2018 -8.3%
2017 33%
2016 2.1%
2015 3.2%
2014 49.1%
Fund Manager information for SBI Magnum Tax Gain Fund
NameSinceTenure
Dinesh Balachandran10 Sep 167.81 Yr.

Data below for SBI Magnum Tax Gain Fund as on 30 Jun 24

Equity Sector Allocation
SectorValue
Financial Services24.18%
Industrials15.05%
Consumer Cyclical10.21%
Energy9.05%
Health Care7.1%
Basic Materials6.51%
Technology6.25%
Utility5.72%
Communication Services3.12%
Consumer Defensive2.53%
Real Estate0.69%
Asset Allocation
Asset ClassValue
Cash9.38%
Equity90.62%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
GE T&D India Ltd (Industrials)
Equity, Since 30 Sep 16 | GET&D
5%₹1,358 Cr9,105,622
↓ -563,542
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 07 | HDFCBANK
5%₹1,287 Cr7,643,253
↑ 1,500,000
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Dec 16 | M&M
4%₹979 Cr3,415,083
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | ICICIBANK
3%₹890 Cr7,416,237
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Mar 17 | BHARTIARTL
3%₹803 Cr5,563,576
State Bank of India (Financial Services)
Equity, Since 31 May 06 | SBIN
3%₹793 Cr9,335,639
Torrent Power Ltd (Utilities)
Equity, Since 31 Jul 19 | TORNTPOWER
3%₹774 Cr5,168,579
↓ -1,012,943
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 06 | RELIANCE
3%₹763 Cr2,437,574
GAIL (India) Ltd (Utilities)
Equity, Since 30 Nov 21 | GAIL
3%₹697 Cr31,764,696
↓ -428,859
Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 31 Jan 23 | ONGC
3%₹686 Cr25,000,000

2. Motilal Oswal Long Term Equity Fund

(Erstwhile Motilal Oswal MOSt Focused Long Term Fund)

The investment objective of the Scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Motilal Oswal Long Term Equity Fund is a Equity - ELSS fund was launched on 21 Jan 15. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 18% since its launch.  Return for 2023 was 37% , 2022 was 1.8% and 2021 was 32.1% .

Below is the key information for Motilal Oswal Long Term Equity Fund

Motilal Oswal Long Term Equity Fund
Growth
Launch Date 21 Jan 15
NAV (25 Jul 24) ₹48.3716 ↓ -0.08   (-0.18 %)
Net Assets (Cr) ₹3,710 on 30 Jun 24
Category Equity - ELSS
AMC Motilal Oswal Asset Management Co. Ltd
Rating Not Rated
Risk Moderately High
Expense Ratio 1.68
Sharpe Ratio 3.34
Information Ratio 0.92
Alpha Ratio 14.81
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹8,987
30 Jun 21₹14,080
30 Jun 22₹13,182
30 Jun 23₹17,688
30 Jun 24₹27,905

Motilal Oswal Long Term Equity Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹556,833.
Net Profit of ₹256,833
Invest Now

Returns for Motilal Oswal Long Term Equity Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Jul 24

DurationReturns
1 Month 0.4%
3 Month 9.6%
6 Month 26.5%
1 Year 54.4%
3 Year 23.7%
5 Year 24.3%
10 Year
15 Year
Since launch 18%
Historical performance (Yearly) on absolute basis
YearReturns
2023 37%
2022 1.8%
2021 32.1%
2020 8.8%
2019 13.2%
2018 -8.7%
2017 44%
2016 12.5%
2015
2014
Fund Manager information for Motilal Oswal Long Term Equity Fund
NameSinceTenure
Ajay Khandelwal11 Dec 230.56 Yr.
Niket Shah17 Oct 230.71 Yr.
Rakesh Shetty22 Nov 221.61 Yr.

Data below for Motilal Oswal Long Term Equity Fund as on 30 Jun 24

Equity Sector Allocation
SectorValue
Industrials30.93%
Financial Services23.32%
Consumer Cyclical19.99%
Real Estate8.63%
Health Care8.35%
Basic Materials2.66%
Technology2.53%
Communication Services2.32%
Asset Allocation
Asset ClassValue
Cash1.28%
Equity98.72%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Zomato Ltd (Consumer Cyclical)
Equity, Since 31 Oct 23 | 543320
7%₹252 Cr12,550,000
Trent Ltd (Consumer Cyclical)
Equity, Since 31 Aug 22 | TRENT
6%₹241 Cr439,590
↓ -35,209
Prestige Estates Projects Ltd (Real Estate)
Equity, Since 31 Oct 23 | PRESTIGE
5%₹200 Cr1,055,205
↓ -94,795
Jio Financial Services Ltd (Financial Services)
Equity, Since 31 Oct 23 | 543940
5%₹181 Cr5,051,957
Kalyan Jewellers India Ltd (Consumer Cyclical)
Equity, Since 31 Oct 23 | KALYANKJIL
4%₹165 Cr3,296,932
Bharat Dynamics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Dec 23 | BDL
4%₹159 Cr992,768
↓ -170,000
CG Power & Industrial Solutions Ltd (Industrials)
Equity, Since 30 Nov 23 | CGPOWER
4%₹132 Cr1,875,000
Global Health Ltd (Healthcare)
Equity, Since 30 Nov 22 | MEDANTA
4%₹130 Cr993,145
IndusInd Bank Ltd (Financial Services)
Equity, Since 31 Mar 23 | INDUSINDBK
3%₹128 Cr870,734
↓ -129,266
Apar Industries Ltd (Industrials)
Equity, Since 31 Dec 23 | APARINDS
3%₹126 Cr148,305

3. BOI AXA Tax Advantage Fund

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 CAGR/Annualized return of 20.2% since its launch.  Ranked 13 in ELSS category.  Return for 2023 was 34.8% , 2022 was -1.3% and 2021 was 41.5% .

Below is the key information for BOI AXA Tax Advantage Fund

BOI AXA Tax Advantage Fund
Growth
Launch Date 25 Feb 09
NAV (25 Jul 24) ₹171.47 ↓ -0.22   (-0.13 %)
Net Assets (Cr) ₹1,428 on 30 Jun 24
Category Equity - ELSS
AMC BOI AXA Investment Mngrs Private Ltd
Rating
Risk Moderately High
Expense Ratio 2.49
Sharpe Ratio 3.05
Information Ratio 0.71
Alpha Ratio 11.3
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹10,045
30 Jun 21₹17,570
30 Jun 22₹16,756
30 Jun 23₹21,185
30 Jun 24₹33,488

BOI AXA Tax Advantage Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹612,552.
Net Profit of ₹312,552
Invest Now

Returns for BOI AXA Tax Advantage Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Jul 24

DurationReturns
1 Month 1%
3 Month 8.8%
6 Month 24%
1 Year 52.8%
3 Year 22.1%
5 Year 29%
10 Year
15 Year
Since launch 20.2%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Alok Singh27 Apr 222.18 Yr.

Data below for BOI AXA Tax Advantage Fund as on 30 Jun 24

Equity Sector Allocation
SectorValue
Financial Services26.16%
Industrials20.51%
Basic Materials15.71%
Consumer Cyclical11.96%
Energy6.05%
Technology5.54%
Utility4.25%
Consumer Defensive3.95%
Health Care3.52%
Real Estate1.93%
Asset Allocation
Asset ClassValue
Cash0.38%
Equity99.59%
Debt0.04%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN
4%₹64 Cr752,000
Vedanta Ltd (Basic Materials)
Equity, Since 31 Mar 24 | 500295
4%₹55 Cr1,211,000
Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Jul 23 | HAL
4%₹53 Cr99,900
Oil India Ltd (Energy)
Equity, Since 31 Mar 23 | OIL
4%₹51 Cr702,000
Canara Bank (Financial Services)
Equity, Since 31 Aug 22 | CANBK
3%₹42 Cr3,500,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK
3%₹38 Cr223,000
NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | NTPC
3%₹36 Cr955,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE
2%₹36 Cr114,000
Bank of Baroda (Financial Services)
Equity, Since 31 Oct 22 | BANKBARODA
2%₹35 Cr1,286,338
UNO Minda Ltd (Consumer Cyclical)
Equity, Since 31 Aug 22 | UNOMINDA
2%₹32 Cr290,000

4. HDFC Tax Saver Fund

The fund plans to provide long term growth of capital.

HDFC Tax Saver Fund is a Equity - ELSS fund was launched on 31 Mar 96. It is a fund with Moderately High risk and has given a CAGR/Annualized return of since its launch.  Ranked 27 in ELSS category.  Return for 2023 was 33.2% , 2022 was 10.5% and 2021 was 35.3% .

Below is the key information for HDFC Tax Saver Fund

HDFC Tax Saver Fund
Growth
Launch Date 31 Mar 96
NAV (25 Jul 24) ₹1,331.93 ↓ -4.77   (-0.36 %)
Net Assets (Cr) ₹15,674 on 30 Jun 24
Category Equity - ELSS
AMC HDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 1.84
Sharpe Ratio 3.12
Information Ratio 1.93
Alpha Ratio 8.43
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹7,975
30 Jun 21₹12,121
30 Jun 22₹13,105
30 Jun 23₹16,790
30 Jun 24₹24,586

HDFC Tax Saver Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹518,033.
Net Profit of ₹218,033
Invest Now

Returns for HDFC Tax Saver Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Jul 24

DurationReturns
1 Month 1.7%
3 Month 11.1%
6 Month 21.5%
1 Year 45%
3 Year 26.2%
5 Year 21.6%
10 Year
15 Year
Since launch
Historical performance (Yearly) on absolute basis
YearReturns
2023 33.2%
2022 10.5%
2021 35.3%
2020 5.8%
2019 3.7%
2018 -10.9%
2017 38.7%
2016 7.6%
2015 -6.2%
2014 56.4%
Fund Manager information for HDFC Tax Saver Fund
NameSinceTenure
Roshi Jain13 Jan 222.47 Yr.
Dhruv Muchhal22 Jun 231.03 Yr.

Data below for HDFC Tax Saver Fund as on 30 Jun 24

Equity Sector Allocation
SectorValue
Financial Services41.45%
Health Care12.35%
Technology10.43%
Consumer Cyclical9.34%
Industrials6.16%
Communication Services5.53%
Real Estate2.29%
Utility1.96%
Energy0.99%
Consumer Defensive0.9%
Basic Materials0.78%
Asset Allocation
Asset ClassValue
Cash7.51%
Equity92.17%
Debt0.32%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 15 | HDFCBANK
10%₹1,566 Cr9,300,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
10%₹1,547 Cr12,900,000
↑ 400,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | AXISBANK
8%₹1,265 Cr10,000,000
↑ 600,000
Cipla Ltd (Healthcare)
Equity, Since 31 Oct 09 | CIPLA
5%₹800 Cr5,400,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 19 | BHARTIARTL
5%₹765 Cr5,300,000
HCL Technologies Ltd (Technology)
Equity, Since 30 Sep 20 | 532281
5%₹730 Cr5,000,000
↑ 300,000
SBI Life Insurance Company Limited (Financial Services)
Equity, Since 31 Jan 22 | SBILIFE
4%₹642 Cr4,300,000
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Dec 23 | KOTAKBANK
4%₹631 Cr3,500,000
↑ 100,000
Infosys Ltd (Technology)
Equity, Since 30 Sep 08 | INFY
4%₹580 Cr3,700,000
↑ 500,000
State Bank of India (Financial Services)
Equity, Since 31 Dec 06 | SBIN
3%₹501 Cr5,900,000
↓ -300,000

5. BNP Paribas Long Term Equity Fund (ELSS)

The investment objective of the Scheme is to generate long-term capital growth from a diversified and actively managed portfolio of equity and equity related securities along with income tax rebate, as may be prevalent fromtime to time. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns.

BNP Paribas Long Term Equity Fund (ELSS) is a Equity - ELSS fund was launched on 5 Jan 06. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 12.7% since its launch.  Ranked 22 in ELSS category.  Return for 2023 was 31.3% , 2022 was -2.1% and 2021 was 23.6% .

Below is the key information for BNP Paribas Long Term Equity Fund (ELSS)

BNP Paribas Long Term Equity Fund (ELSS)
Growth
Launch Date 5 Jan 06
NAV (25 Jul 24) ₹91.1384 ↓ -0.33   (-0.36 %)
Net Assets (Cr) ₹929 on 30 Jun 24
Category Equity - ELSS
AMC BNP Paribas Asset Mgmt India Pvt. Ltd
Rating
Risk Moderately High
Expense Ratio 2.37
Sharpe Ratio 2.34
Information Ratio 0
Alpha Ratio 0
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹9,513
30 Jun 21₹14,033
30 Jun 22₹13,303
30 Jun 23₹16,290
30 Jun 24₹23,145

BNP Paribas Long Term Equity Fund (ELSS) SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹493,520.
Net Profit of ₹193,520
Invest Now

Returns for BNP Paribas Long Term Equity Fund (ELSS)

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Jul 24

DurationReturns
1 Month 1.7%
3 Month 8.6%
6 Month 19.3%
1 Year 40.2%
3 Year 17.7%
5 Year 19.2%
10 Year
15 Year
Since launch 12.7%
Historical performance (Yearly) on absolute basis
YearReturns
2023 31.3%
2022 -2.1%
2021 23.6%
2020 17.8%
2019 14.3%
2018 -9.3%
2017 42.3%
2016 -6.6%
2015 7.7%
2014 53%
Fund Manager information for BNP Paribas Long Term Equity Fund (ELSS)
NameSinceTenure
Sanjay Chawla14 Mar 222.3 Yr.
Pratish Krishnan14 Mar 222.3 Yr.
Miten Vora1 Dec 221.58 Yr.

Data below for BNP Paribas Long Term Equity Fund (ELSS) as on 30 Jun 24

Equity Sector Allocation
SectorValue
Financial Services29.26%
Industrials13.51%
Technology12.64%
Consumer Cyclical11%
Health Care5.24%
Communication Services4.95%
Basic Materials4.89%
Consumer Defensive4.75%
Energy4.6%
Utility3.28%
Real Estate3.11%
Asset Allocation
Asset ClassValue
Cash2.76%
Equity97.24%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFCBANK
6%₹56 Cr333,160
↑ 25,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 12 | ICICIBANK
5%₹48 Cr396,000
↑ 25,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 18 | RELIANCE
5%₹43 Cr136,600
↑ 15,000
Infosys Ltd (Technology)
Equity, Since 29 Feb 24 | INFY
3%₹31 Cr195,000
↑ 75,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | AXISBANK
3%₹28 Cr225,000
↑ 35,000
Zomato Ltd (Consumer Cyclical)
Equity, Since 31 Jul 23 | 543320
3%₹26 Cr1,277,813
↓ -67,200
Trent Ltd (Consumer Cyclical)
Equity, Since 31 May 22 | TRENT
3%₹24 Cr44,614
↓ -5,000
PB Fintech Ltd (Financial Services)
Equity, Since 29 Feb 24 | 543390
3%₹24 Cr171,000
↓ -19,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jan 23 | TCS
2%₹22 Cr55,120
Mphasis Ltd (Technology)
Equity, Since 31 Aug 23 | MPHASIS
2%₹21 Cr84,000
↑ 35,500

6. Franklin India Taxshield

The primary objective for Franklin IndiaTaxshield is to provide medium to long term growth of capital along with income tax rebate

Franklin India Taxshield is a Equity - ELSS fund was launched on 10 Apr 99. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 21.7% since its launch.  Ranked 28 in ELSS category.  Return for 2023 was 31.2% , 2022 was 5.4% and 2021 was 36.7% .

Below is the key information for Franklin India Taxshield

Franklin India Taxshield
Growth
Launch Date 10 Apr 99
NAV (25 Jul 24) ₹1,450.53 ↑ 2.84   (0.20 %)
Net Assets (Cr) ₹6,816 on 30 Jun 24
Category Equity - ELSS
AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating
Risk Moderately High
Expense Ratio 1.91
Sharpe Ratio 2.97
Information Ratio 0.57
Alpha Ratio 6.95
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹8,076
30 Jun 21₹13,526
30 Jun 22₹13,396
30 Jun 23₹16,867
30 Jun 24₹24,573

Franklin India Taxshield SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹518,033.
Net Profit of ₹218,033
Invest Now

Returns for Franklin India Taxshield

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Jul 24

DurationReturns
1 Month 3.4%
3 Month 11%
6 Month 20.2%
1 Year 43.8%
3 Year 22.5%
5 Year 21.5%
10 Year
15 Year
Since launch 21.7%
Historical performance (Yearly) on absolute basis
YearReturns
2023 31.2%
2022 5.4%
2021 36.7%
2020 9.8%
2019 5.1%
2018 -3%
2017 29.1%
2016 4.7%
2015 4%
2014 56.9%
Fund Manager information for Franklin India Taxshield
NameSinceTenure
R. Janakiraman2 May 168.17 Yr.
Rajasa Kakulavarapu1 Dec 230.58 Yr.

Data below for Franklin India Taxshield as on 30 Jun 24

Equity Sector Allocation
SectorValue
Financial Services28.76%
Industrials15.09%
Consumer Cyclical12.14%
Technology8.72%
Consumer Defensive6.62%
Basic Materials5.58%
Communication Services4.99%
Utility4.58%
Energy4.36%
Health Care3.92%
Real Estate0.8%
Asset Allocation
Asset ClassValue
Cash3.81%
Equity96.19%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK
8%₹545 Cr4,546,914
↑ 141,914
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 07 | HDFCBANK
8%₹513 Cr3,045,417
↑ 196,480
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 07 | BHARTIARTL
5%₹340 Cr2,356,802
↓ -163,198
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 19 | LT
5%₹314 Cr883,853
Infosys Ltd (Technology)
Equity, Since 29 Feb 12 | INFY
4%₹301 Cr1,922,741
Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 14 | AXISBANK
4%₹285 Cr2,252,948
State Bank of India (Financial Services)
Equity, Since 31 Aug 15 | SBIN
4%₹252 Cr2,971,107
↓ -94,598
Reliance Industries Ltd (Energy)
Equity, Since 31 May 22 | RELIANCE
3%₹214 Cr682,403
↑ 25,316
United Spirits Ltd (Consumer Defensive)
Equity, Since 31 Oct 18 | UNITDSPR
3%₹211 Cr1,650,000
HCL Technologies Ltd (Technology)
Equity, Since 31 Oct 21 | 532281
3%₹196 Cr1,345,586

7. JM Tax Gain Fund

The investment objective is to generate long-term capital growth from a diversified and actively managed portfolio of equity and equity related securities and to enable investors a deduction from total income, as permitted under the Income Tax Act, 1961 from time to time. However, there can be no assurance that the investment objectives of the Scheme will be realized. The Scheme does not guarantee/indicate any returns.

JM Tax Gain Fund is a Equity - ELSS fund was launched on 31 Mar 08. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 10.3% since its launch.  Ranked 18 in ELSS category.  Return for 2023 was 30.9% , 2022 was 0.5% and 2021 was 32.2% .

Below is the key information for JM Tax Gain Fund

JM Tax Gain Fund
Growth
Launch Date 31 Mar 08
NAV (25 Jul 24) ₹49.2789 ↑ 0.22   (0.46 %)
Net Assets (Cr) ₹161 on 30 Jun 24
Category Equity - ELSS
AMC JM Financial Asset Management Limited
Rating
Risk Moderately High
Expense Ratio 2.43
Sharpe Ratio 2.63
Information Ratio 0.79
Alpha Ratio 8.78
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹8,935
30 Jun 21₹14,283
30 Jun 22₹14,168
30 Jun 23₹18,523
30 Jun 24₹27,569

JM Tax Gain Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹556,833.
Net Profit of ₹256,833
Invest Now

Returns for JM Tax Gain Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Jul 24

DurationReturns
1 Month 2.4%
3 Month 14.5%
6 Month 27.3%
1 Year 48.8%
3 Year 24%
5 Year 24.6%
10 Year
15 Year
Since launch 10.3%
Historical performance (Yearly) on absolute basis
YearReturns
2023 30.9%
2022 0.5%
2021 32.2%
2020 18.3%
2019 14.9%
2018 -4.6%
2017 42.6%
2016 5.2%
2015 -0.6%
2014 54.9%
Fund Manager information for JM Tax Gain Fund
NameSinceTenure
Asit Bhandarkar31 Dec 212.5 Yr.
Gurvinder Wasan1 Dec 221.58 Yr.
Chaitanya Choksi18 Jul 149.96 Yr.

Data below for JM Tax Gain Fund as on 30 Jun 24

Equity Sector Allocation
SectorValue
Industrials23.36%
Financial Services16.43%
Basic Materials16.36%
Consumer Cyclical14.23%
Technology10.32%
Consumer Defensive5.84%
Communication Services5.38%
Real Estate3.37%
Health Care2.41%
Utility1.99%
Asset Allocation
Asset ClassValue
Cash0.31%
Equity99.69%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 11 | HDFCBANK
4%₹7 Cr39,131
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Mar 22 | ICICIBANK
4%₹6 Cr50,975
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 10 | LT
3%₹6 Cr15,500
Infosys Ltd (Technology)
Equity, Since 31 Aug 18 | INFY
3%₹4 Cr27,465
↑ 5,000
Power Finance Corp Ltd (Financial Services)
Equity, Since 30 Nov 22 | PFC
3%₹4 Cr87,625
↓ -18,000
Tata Motors Ltd Class A (Consumer Cyclical)
Equity, Since 31 Jul 23 | TATAMTRDVR
2%₹4 Cr57,500
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Mar 24 | BHARTIARTL
2%₹4 Cr25,000
Voltas Ltd (Industrials)
Equity, Since 31 Jan 24 | VOLTAS
2%₹4 Cr24,500
Varun Beverages Ltd (Consumer Defensive)
Equity, Since 30 Nov 23 | VBL
2%₹4 Cr22,000
Cummins India Ltd (Industrials)
Equity, Since 31 Oct 21 | CUMMINSIND
2%₹4 Cr9,000
↓ -500

8. Invesco India Tax Plan

The investment objective of the Scheme is to generate long term capital growth from a diversified portfolio of predominantly equity and equity-related securities.

Invesco India Tax Plan is a Equity - ELSS fund was launched on 29 Dec 06. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 15.4% since its launch.  Ranked 17 in ELSS category.  Return for 2023 was 30.9% , 2022 was -7.7% and 2021 was 32.6% .

Below is the key information for Invesco India Tax Plan

Invesco India Tax Plan
Growth
Launch Date 29 Dec 06
NAV (25 Jul 24) ₹123.02 ↓ -0.32   (-0.26 %)
Net Assets (Cr) ₹2,847 on 30 Jun 24
Category Equity - ELSS
AMC Invesco Asset Management (India) Private Ltd
Rating
Risk Moderately High
Expense Ratio 2.11
Sharpe Ratio 2.47
Information Ratio 0
Alpha Ratio 0
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹9,291
30 Jun 21₹14,453
30 Jun 22₹13,506
30 Jun 23₹16,676
30 Jun 24₹23,442

Invesco India Tax Plan SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹505,644.
Net Profit of ₹205,644
Invest Now

Returns for Invesco India Tax Plan

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Jul 24

DurationReturns
1 Month 2.4%
3 Month 12%
6 Month 19.7%
1 Year 39.7%
3 Year 16.7%
5 Year 20.5%
10 Year
15 Year
Since launch 15.4%
Historical performance (Yearly) on absolute basis
YearReturns
2023 30.9%
2022 -7.7%
2021 32.6%
2020 19.2%
2019 9.4%
2018 -1.3%
2017 35.7%
2016 3.4%
2015 5.8%
2014 54.3%
Fund Manager information for Invesco India Tax Plan
NameSinceTenure
Amit Nigam3 Sep 203.83 Yr.
Dhimant Kothari29 Mar 186.26 Yr.

Data below for Invesco India Tax Plan as on 30 Jun 24

Equity Sector Allocation
SectorValue
Financial Services26.8%
Industrials14.72%
Consumer Cyclical11.02%
Health Care10.96%
Technology8.58%
Basic Materials8.13%
Consumer Defensive7.32%
Energy6.75%
Utility2.75%
Communication Services0.97%
Real Estate0.6%
Asset Allocation
Asset ClassValue
Cash1.41%
Equity98.59%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 22 | HDFCBANK
7%₹198 Cr1,174,298
↑ 51,094
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE
6%₹167 Cr533,999
↑ 25,367
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK
5%₹138 Cr1,153,505
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 23 | TCS
4%₹112 Cr285,619
↑ 6,764
United Spirits Ltd (Consumer Defensive)
Equity, Since 31 Dec 22 | UNITDSPR
3%₹76 Cr597,710
↑ 162,451
Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | AXISBANK
3%₹71 Cr564,075
Bharat Electronics Ltd (Industrials)
Equity, Since 30 Nov 22 | BEL
2%₹69 Cr2,268,970
Divi's Laboratories Ltd (Healthcare)
Equity, Since 31 Jan 24 | DIVISLAB
2%₹60 Cr130,399
Samvardhana Motherson International Ltd (Consumer Cyclical)
Equity, Since 31 Dec 20 | MOTHERSON
2%₹58 Cr3,056,285
↓ -657,792
Clean Science and Technology Ltd (Basic Materials)
Equity, Since 31 May 23 | 543318
2%₹57 Cr395,319

9. DSP BlackRock Tax Saver Fund

The primary investment objective of the Scheme is to seek to generate medium to long-term capital appreciation from a diversified portfolio that is substantially constituted of equity and equity related securities of corporates, and to enable investors to avail of a deduction from total income, as permitted under the Income Tax Act, 1961 from time to time.

DSP BlackRock Tax Saver Fund is a Equity - ELSS fund was launched on 18 Jan 07. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 16.1% since its launch.  Ranked 12 in ELSS category.  Return for 2023 was 30% , 2022 was 4.5% and 2021 was 35.1% .

Below is the key information for DSP BlackRock Tax Saver Fund

DSP BlackRock Tax Saver Fund
Growth
Launch Date 18 Jan 07
NAV (25 Jul 24) ₹135.977 ↑ 0.35   (0.26 %)
Net Assets (Cr) ₹16,284 on 30 Jun 24
Category Equity - ELSS
AMC DSP BlackRock Invmt Managers Pvt. Ltd.
Rating
Risk Moderately High
Expense Ratio 1.78
Sharpe Ratio 2.58
Information Ratio 0.28
Alpha Ratio 4.21
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹9,135
30 Jun 21₹15,068
30 Jun 22₹14,887
30 Jun 23₹18,323
30 Jun 24₹26,824

DSP BlackRock Tax Saver Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹543,623.
Net Profit of ₹243,623
Invest Now

Returns for DSP BlackRock Tax Saver Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Jul 24

DurationReturns
1 Month 4.3%
3 Month 15.4%
6 Month 25.1%
1 Year 46.4%
3 Year 21.3%
5 Year 23.7%
10 Year
15 Year
Since launch 16.1%
Historical performance (Yearly) on absolute basis
YearReturns
2023 30%
2022 4.5%
2021 35.1%
2020 15%
2019 14.8%
2018 -7.6%
2017 36.3%
2016 11.3%
2015 4.4%
2014 52.2%
Fund Manager information for DSP BlackRock Tax Saver Fund
NameSinceTenure
Rohit Singhania16 Jul 158.97 Yr.
Charanjit Singh1 May 231.17 Yr.

Data below for DSP BlackRock Tax Saver Fund as on 30 Jun 24

Equity Sector Allocation
SectorValue
Financial Services34.3%
Consumer Cyclical12.81%
Industrials8.32%
Basic Materials8.31%
Technology8.14%
Health Care7.08%
Consumer Defensive5.43%
Communication Services4.88%
Energy4.67%
Utility3.89%
Asset Allocation
Asset ClassValue
Cash2.16%
Equity97.84%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK
8%₹1,333 Cr7,919,371
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK
7%₹1,126 Cr9,383,047
Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | AXISBANK
4%₹597 Cr4,716,056
↑ 327,407
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
4%₹590 Cr6,950,342
↓ -1,252,370
Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY
3%₹504 Cr3,215,957
↑ 105,729
Samvardhana Motherson International Ltd (Consumer Cyclical)
Equity, Since 31 Dec 22 | MOTHERSON
3%₹445 Cr23,360,667
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jul 19 | BHARTIARTL
3%₹430 Cr2,976,666
↑ 281,184
Power Finance Corp Ltd (Financial Services)
Equity, Since 31 Dec 22 | PFC
3%₹424 Cr8,739,203
↓ -619,436
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 30 Nov 21 | M&M
2%₹371 Cr1,294,144
↓ -334,230
NTPC Ltd (Utilities)
Equity, Since 31 Jan 19 | NTPC
2%₹337 Cr8,907,565
↓ -1,074,270

10. Taurus Tax Shield

To provide long term capital appreciation over the life of the scheme through investment predominantly in equity shares, besides tax benefits.

Taurus Tax Shield is a Equity - ELSS fund was launched on 31 Mar 96. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 12.4% since its launch.  Ranked 26 in ELSS category.  Return for 2023 was 28.7% , 2022 was 6.6% and 2021 was 20.1% .

Below is the key information for Taurus Tax Shield

Taurus Tax Shield
Growth
Launch Date 31 Mar 96
NAV (25 Jul 24) ₹181.15 ↓ -1.02   (-0.56 %)
Net Assets (Cr) ₹78 on 30 Jun 24
Category Equity - ELSS
AMC Taurus Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 2.45
Sharpe Ratio 2.02
Information Ratio 0
Alpha Ratio 0
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹8,953
30 Jun 21₹13,223
30 Jun 22₹12,976
30 Jun 23₹16,320
30 Jun 24₹21,783

Taurus Tax Shield SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹493,520.
Net Profit of ₹193,520
Invest Now

Returns for Taurus Tax Shield

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Jul 24

DurationReturns
1 Month 4.2%
3 Month 9.2%
6 Month 16.3%
1 Year 36.9%
3 Year 19.4%
5 Year 19.2%
10 Year
15 Year
Since launch 12.4%
Historical performance (Yearly) on absolute basis
YearReturns
2023 28.7%
2022 6.6%
2021 20.1%
2020 13.7%
2019 7.7%
2018 0%
2017 38%
2016 3.2%
2015 2.1%
2014 35.1%
Fund Manager information for Taurus Tax Shield
NameSinceTenure
Anuj Kapil7 Aug 230.9 Yr.

Data below for Taurus Tax Shield as on 30 Jun 24

Equity Sector Allocation
SectorValue
Financial Services29.52%
Technology18.93%
Basic Materials13.29%
Health Care9.83%
Industrials6.74%
Consumer Cyclical6.63%
Consumer Defensive6.59%
Energy4.86%
Utility2.03%
Asset Allocation
Asset ClassValue
Cash1.58%
Equity98.42%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 23 | 500180
10%₹8 Cr46,969
HCL Technologies Ltd (Technology)
Equity, Since 31 May 22 | 532281
9%₹7 Cr45,743
Bajaj Holdings and Investment Ltd (Financial Services)
Equity, Since 30 Apr 22 | 500490
6%₹4 Cr5,200
Axis Bank Ltd (Financial Services)
Equity, Since 31 May 22 | 532215
6%₹4 Cr35,000
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 09 | 532174
6%₹4 Cr36,000
Coal India Ltd (Energy)
Equity, Since 31 Jan 23 | 533278
5%₹4 Cr80,000
Gujarat Pipavav Port Ltd (Industrials)
Equity, Since 31 May 22 | 533248
5%₹4 Cr170,778
ITC Ltd (Consumer Defensive)
Equity, Since 31 Mar 16 | ITC
4%₹3 Cr80,000
Tech Mahindra Ltd (Technology)
Equity, Since 31 Jul 22 | 532755
4%₹3 Cr22,792
Narayana Hrudayalaya Ltd (Healthcare)
Equity, Since 31 Jul 22 | 539551
4%₹3 Cr25,000

Disclaimer:
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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