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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 June 14, 2024 , 570 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 ₹419.138
↑ 3.79
₹23,412406.93118.94
Motilal Oswal Long Term Equity Fund Growth ₹47.4766
↑ 0.66
₹3,402371.832.18.813.2
BOI AXA Tax Advantage Fund Growth ₹170.4
↑ 1.90
₹1,29834.8-1.341.531.214.6
HDFC Tax Saver Fund Growth ₹1,284.25
↑ 4.93
₹14,47533.210.535.35.83.7
BNP Paribas Long Term Equity Fund (ELSS) Growth ₹89.2266
↑ 0.83
₹88131.3-2.123.617.814.3
Franklin India Taxshield Growth ₹1,380.02
↑ 6.78
₹6,38331.25.436.79.85.1
JM Tax Gain Fund Growth ₹47.2532
↑ 0.55
₹14130.90.532.218.314.9
Invesco India Tax Plan Growth ₹118.29
↑ 1.23
₹2,63330.9-7.732.619.29.4
DSP BlackRock Tax Saver Fund Growth ₹128.827
↑ 0.94
₹14,860304.535.11514.8
Taurus Tax Shield Growth ₹171.3
↑ 0.68
₹7528.76.620.113.77.7
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 14 Jun 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 13.9% 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 (14 Jun 24) ₹419.138 ↑ 3.79   (0.91 %)
Net Assets (Cr) ₹23,412 on 30 Apr 24
Category Equity - ELSS
AMC SBI Funds Management Private Limited
Rating
Risk Moderately High
Expense Ratio 1.79
Sharpe Ratio 3.57
Information Ratio 1.79
Alpha Ratio 14.22
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 May 19₹10,000
31 May 20₹8,086
31 May 21₹13,394
31 May 22₹14,455
31 May 23₹17,307
31 May 24₹27,010

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 ₹556,833.
Net Profit of ₹256,833
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 14 Jun 24

DurationReturns
1 Month 9.1%
3 Month 15%
6 Month 29.3%
1 Year 59.9%
3 Year 27.6%
5 Year 24%
10 Year
15 Year
Since launch 13.9%
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 167.64 Yr.

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

Equity Sector Allocation
SectorValue
Financial Services23.86%
Industrials14.5%
Consumer Cyclical10.27%
Energy9.72%
Health Care7.7%
Utility6.84%
Basic Materials6.61%
Technology5.8%
Communication Services3.14%
Consumer Defensive2.69%
Real Estate0.81%
Asset Allocation
Asset ClassValue
Cash8.05%
Equity91.95%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
GE T&D India Ltd (Industrials)
Equity, Since 30 Sep 16 | 522275
5%₹1,137 Cr9,944,328
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 07 | HDFCBANK
4%₹934 Cr6,143,253
↑ 1,500,000
Torrent Power Ltd (Utilities)
Equity, Since 31 Jul 19 | 532779
4%₹928 Cr6,181,522
↓ -71,095
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | ICICIBANK
4%₹853 Cr7,416,237
State Bank of India (Financial Services)
Equity, Since 31 May 06 | SBIN
3%₹771 Cr9,335,639
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Dec 16 | M&M
3%₹736 Cr3,415,083
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Mar 17 | BHARTIARTL
3%₹736 Cr5,563,576
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 06 | RELIANCE
3%₹715 Cr2,437,574
↑ 500,000
Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 31 Jan 23 | 500312
3%₹707 Cr25,000,000
↑ 9,000,000
GAIL (India) Ltd (Utilities)
Equity, Since 30 Nov 21 | 532155
3%₹673 Cr32,193,555

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 (14 Jun 24) ₹47.4766 ↑ 0.66   (1.42 %)
Net Assets (Cr) ₹3,402 on 30 Apr 24
Category Equity - ELSS
AMC Motilal Oswal Asset Management Co. Ltd
Rating Not Rated
Risk Moderately High
Expense Ratio 1.68
Sharpe Ratio 3.77
Information Ratio 0.85
Alpha Ratio 16.46
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 May 19₹10,000
31 May 20₹8,372
31 May 21₹13,529
31 May 22₹14,029
31 May 23₹16,827
31 May 24₹25,789

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 ₹530,691.
Net Profit of ₹230,691
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 14 Jun 24

DurationReturns
1 Month 9.5%
3 Month 23.1%
6 Month 29.1%
1 Year 57.7%
3 Year 25.3%
5 Year 22.4%
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 230.39 Yr.
Niket Shah17 Oct 230.54 Yr.
Rakesh Shetty22 Nov 221.44 Yr.

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

Equity Sector Allocation
SectorValue
Industrials28.51%
Financial Services24.03%
Consumer Cyclical19.1%
Health Care10.95%
Real Estate7.78%
Basic Materials4.73%
Technology2.51%
Communication Services0.93%
Asset Allocation
Asset ClassValue
Cash1.47%
Equity98.53%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Zomato Ltd (Consumer Cyclical)
Equity, Since 31 Oct 23 | 543320
7%₹242 Cr12,550,000
↓ -450,000
Trent Ltd (Consumer Cyclical)
Equity, Since 31 Aug 22 | 500251
6%₹209 Cr474,799
Jio Financial Services Ltd (Financial Services)
Equity, Since 31 Oct 23 | 543940
6%₹190 Cr5,051,957
↓ -675,000
Prestige Estates Projects Ltd (Real Estate)
Equity, Since 31 Oct 23 | PRESTIGE
5%₹159 Cr1,150,000
IndusInd Bank Ltd (Financial Services)
Equity, Since 31 Mar 23 | INDUSINDBK
4%₹152 Cr1,000,000
Global Health Ltd (Healthcare)
Equity, Since 30 Nov 22 | MEDANTA
4%₹145 Cr1,000,145
↓ -235,000
Kalyan Jewellers India Ltd (Consumer Cyclical)
Equity, Since 31 Oct 23 | KALYANKJIL
4%₹137 Cr3,296,932
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | ICICIBANK
4%₹133 Cr1,160,000
↓ -10,000
Fortis Healthcare Ltd (Healthcare)
Equity, Since 31 Aug 21 | 532843
4%₹122 Cr2,775,000
Apar Industries Ltd (Industrials)
Equity, Since 31 Dec 23 | APARINDS
3%₹117 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 20.4% 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 (14 Jun 24) ₹170.4 ↑ 1.90   (1.13 %)
Net Assets (Cr) ₹1,298 on 30 Apr 24
Category Equity - ELSS
AMC BOI AXA Investment Mngrs Private Ltd
Rating
Risk Moderately High
Expense Ratio 2.49
Sharpe Ratio 3.02
Information Ratio 0.7
Alpha Ratio 8.56
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 May 19₹10,000
31 May 20₹9,392
31 May 21₹16,436
31 May 22₹17,299
31 May 23₹20,079
31 May 24₹30,939

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 ₹598,181.
Net Profit of ₹298,181
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 14 Jun 24

DurationReturns
1 Month 8.8%
3 Month 17.3%
6 Month 26.2%
1 Year 59.2%
3 Year 24.5%
5 Year 27.2%
10 Year
15 Year
Since launch 20.4%
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 222.01 Yr.

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

Equity Sector Allocation
SectorValue
Financial Services27%
Industrials16.43%
Basic Materials15.59%
Consumer Cyclical11.87%
Health Care6.38%
Energy6.29%
Technology4.49%
Utility4.19%
Consumer Defensive3.89%
Real Estate1.96%
Asset Allocation
Asset ClassValue
Cash1.87%
Equity98.09%
Debt0.04%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN
4%₹57 Cr695,000
↑ 35,000
Canara Bank (Financial Services)
Equity, Since 31 Aug 22 | 532483
4%₹46 Cr745,000
Vedanta Ltd (Basic Materials)
Equity, Since 31 Mar 24 | 500295
3%₹45 Cr1,134,000
↑ 214,000
Oil India Ltd (Energy)
Equity, Since 31 Mar 23 | OIL
3%₹44 Cr702,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK
3%₹39 Cr255,000
↓ -25,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE
3%₹38 Cr130,000
Bank of Baroda (Financial Services)
Equity, Since 31 Oct 22 | 532134
3%₹36 Cr1,286,338
↑ 50,000
Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Jul 23 | HAL
3%₹34 Cr86,000
NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | 532555
3%₹33 Cr920,000
HEG Ltd (Industrials)
Equity, Since 31 Dec 22 | HEG
2%₹31 Cr130,000

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 (14 Jun 24) ₹1,284.25 ↑ 4.93   (0.39 %)
Net Assets (Cr) ₹14,475 on 30 Apr 24
Category Equity - ELSS
AMC HDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 1.84
Sharpe Ratio 3.2
Information Ratio 1.99
Alpha Ratio 6.56
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 May 19₹10,000
31 May 20₹7,422
31 May 21₹11,668
31 May 22₹13,566
31 May 23₹15,862
31 May 24₹22,964

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 ₹493,520.
Net Profit of ₹193,520
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 14 Jun 24

DurationReturns
1 Month 7.8%
3 Month 11.4%
6 Month 19.9%
1 Year 47.1%
3 Year 26.2%
5 Year 19.5%
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 222.3 Yr.
Dhruv Muchhal22 Jun 230.86 Yr.

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

Equity Sector Allocation
SectorValue
Financial Services40.59%
Health Care12.82%
Industrials9.34%
Consumer Cyclical8.09%
Technology7.61%
Communication Services5.5%
Utility3.62%
Real Estate2.53%
Energy1.57%
Basic Materials0.8%
Asset Allocation
Asset ClassValue
Cash7.18%
Equity92.47%
Debt0.35%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
10%₹1,438 Cr12,500,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 15 | HDFCBANK
10%₹1,391 Cr9,150,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | 532215
7%₹1,003 Cr8,600,000
↑ 400,000
Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Jan 22 | HAL
6%₹867 Cr2,200,000
↓ -200,000
State Bank of India (Financial Services)
Equity, Since 31 Dec 06 | SBIN
6%₹826 Cr10,000,000
Cipla Ltd (Healthcare)
Equity, Since 31 Oct 09 | 500087
5%₹728 Cr5,200,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 19 | BHARTIARTL
5%₹701 Cr5,300,000
SBI Life Insurance Company Limited (Financial Services)
Equity, Since 31 Jan 22 | SBILIFE
4%₹618 Cr4,300,000
HCL Technologies Ltd (Technology)
Equity, Since 30 Sep 20 | HCLTECH
4%₹527 Cr3,853,000
Apollo Hospitals Enterprise Ltd (Healthcare)
Equity, Since 30 Sep 22 | APOLLOHOSP
3%₹476 Cr800,040

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 12.6% 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 (14 Jun 24) ₹89.2266 ↑ 0.83   (0.94 %)
Net Assets (Cr) ₹881 on 30 Apr 24
Category Equity - ELSS
AMC BNP Paribas Asset Mgmt India Pvt. Ltd
Rating
Risk Moderately High
Expense Ratio 2.37
Sharpe Ratio 2.63
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
31 May 19₹10,000
31 May 20₹8,880
31 May 21₹13,681
31 May 22₹13,868
31 May 23₹15,467
31 May 24₹21,698

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 ₹481,656.
Net Profit of ₹181,656
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 14 Jun 24

DurationReturns
1 Month 7.1%
3 Month 14.3%
6 Month 18.3%
1 Year 43.1%
3 Year 17.7%
5 Year 18.1%
10 Year
15 Year
Since launch 12.6%
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 222.13 Yr.
Pratish Krishnan14 Mar 222.13 Yr.
Miten Vora1 Dec 221.41 Yr.

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

Equity Sector Allocation
SectorValue
Financial Services27.14%
Industrials14.01%
Consumer Cyclical12.02%
Technology11.23%
Health Care7.07%
Energy5.21%
Utility4.77%
Basic Materials4.5%
Communication Services4.24%
Consumer Defensive2.89%
Real Estate2.68%
Asset Allocation
Asset ClassValue
Cash4.24%
Equity95.76%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFCBANK
5%₹47 Cr308,160
↓ -34,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 12 | ICICIBANK
5%₹43 Cr371,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 18 | RELIANCE
4%₹36 Cr121,600
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 20 | LT
3%₹26 Cr73,620
↓ -4,000
Zomato Ltd (Consumer Cyclical)
Equity, Since 31 Jul 23 | 543320
3%₹26 Cr1,345,013
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 19 | BHARTIARTL
3%₹25 Cr187,566
↑ 30,000
PB Fintech Ltd (Financial Services)
Equity, Since 29 Feb 24 | 543390
3%₹24 Cr190,000
↑ 40,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 532215
3%₹22 Cr190,000
↑ 30,000
Trent Ltd (Consumer Cyclical)
Equity, Since 31 May 22 | 500251
2%₹22 Cr49,614
Bharat Heavy Electricals Ltd (Industrials)
Equity, Since 31 Jan 24 | 500103
2%₹22 Cr775,000

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 21.6% 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 (14 Jun 24) ₹1,380.02 ↑ 6.78   (0.49 %)
Net Assets (Cr) ₹6,383 on 30 Apr 24
Category Equity - ELSS
AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating
Risk Moderately High
Expense Ratio 1.91
Sharpe Ratio 3.28
Information Ratio 0.76
Alpha Ratio 7.05
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 May 19₹10,000
31 May 20₹7,494
31 May 21₹13,015
31 May 22₹14,105
31 May 23₹16,120
31 May 24₹22,842

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 ₹493,520.
Net Profit of ₹193,520
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 14 Jun 24

DurationReturns
1 Month 6.9%
3 Month 10.7%
6 Month 18.3%
1 Year 44.6%
3 Year 21.2%
5 Year 19.3%
10 Year
15 Year
Since launch 21.6%
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 Yr.
Rajasa Kakulavarapu1 Dec 230.42 Yr.

Data below for Franklin India Taxshield as on 30 Apr 24

Equity Sector Allocation
SectorValue
Financial Services26.95%
Industrials15.79%
Consumer Cyclical12.3%
Technology9.29%
Consumer Defensive6.95%
Basic Materials5.62%
Utility5.29%
Communication Services5.22%
Health Care4.42%
Energy4.35%
Real Estate0.62%
Asset Allocation
Asset ClassValue
Cash3.18%
Equity96.82%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK
8%₹507 Cr4,405,000
↓ -195,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 07 | HDFCBANK
7%₹433 Cr2,848,937
↑ 148,937
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 07 | BHARTIARTL
5%₹333 Cr2,520,000
↓ -180,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 19 | LT
5%₹332 Cr925,000
↓ -39,705
Infosys Ltd (Technology)
Equity, Since 29 Feb 12 | INFY
5%₹296 Cr2,084,000
State Bank of India (Financial Services)
Equity, Since 31 Aug 15 | SBIN
4%₹269 Cr3,251,300
Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 14 | 532215
4%₹263 Cr2,252,948
NTPC Ltd (Utilities)
Equity, Since 31 Oct 16 | 532555
3%₹213 Cr5,867,776
HCL Technologies Ltd (Technology)
Equity, Since 31 Oct 21 | HCLTECH
3%₹204 Cr1,491,000
United Spirits Ltd (Consumer Defensive)
Equity, Since 31 Oct 18 | MCDOWELL-N
3%₹194 Cr1,650,000

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 10.1% 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 (14 Jun 24) ₹47.2532 ↑ 0.55   (1.17 %)
Net Assets (Cr) ₹141 on 30 Apr 24
Category Equity - ELSS
AMC JM Financial Asset Management Limited
Rating
Risk Moderately High
Expense Ratio 2.43
Sharpe Ratio 2.99
Information Ratio 0.58
Alpha Ratio 11.5
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 May 19₹10,000
31 May 20₹8,150
31 May 21₹13,988
31 May 22₹15,059
31 May 23₹17,417
31 May 24₹25,266

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 ₹530,691.
Net Profit of ₹230,691
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 14 Jun 24

DurationReturns
1 Month 9.5%
3 Month 20.6%
6 Month 26.3%
1 Year 48.6%
3 Year 23.4%
5 Year 22.3%
10 Year
15 Year
Since launch 10.1%
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 212.33 Yr.
Gurvinder Wasan1 Dec 221.41 Yr.
Chaitanya Choksi18 Jul 149.79 Yr.

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

Equity Sector Allocation
SectorValue
Industrials20.94%
Financial Services19.33%
Consumer Cyclical13.54%
Basic Materials12.91%
Technology11.61%
Consumer Defensive5.81%
Communication Services5.6%
Utility3.75%
Real Estate2.99%
Health Care2.66%
Asset Allocation
Asset ClassValue
Cash0.88%
Equity99.12%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 11 | HDFCBANK
4%₹6 Cr41,381
↓ -4,750
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Mar 22 | ICICIBANK
4%₹6 Cr50,975
↓ -10,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 10 | LT
4%₹6 Cr15,500
Power Finance Corp Ltd (Financial Services)
Equity, Since 30 Nov 22 | 532810
3%₹4 Cr89,125
Tata Motors Ltd Class A (Consumer Cyclical)
Equity, Since 31 Jul 23 | TATAMTRDVR
3%₹4 Cr57,500
State Bank of India (Financial Services)
Equity, Since 31 Aug 20 | SBIN
3%₹4 Cr45,400
Voltas Ltd (Industrials)
Equity, Since 31 Jan 24 | VOLTAS
3%₹4 Cr24,500
↑ 5,000
Cummins India Ltd (Industrials)
Equity, Since 31 Oct 21 | 500480
3%₹4 Cr11,000
↑ 1,683
Thomas Cook India Ltd (Consumer Cyclical)
Equity, Since 30 Sep 23 | THOMASCOOK
2%₹3 Cr170,537
Thermax Ltd (Industrials)
Equity, Since 31 Dec 23 | THERMAX
2%₹3 Cr7,400
↓ -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 15.2% 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 (14 Jun 24) ₹118.29 ↑ 1.23   (1.05 %)
Net Assets (Cr) ₹2,633 on 30 Apr 24
Category Equity - ELSS
AMC Invesco Asset Management (India) Private Ltd
Rating
Risk Moderately High
Expense Ratio 2.11
Sharpe Ratio 2.92
Information Ratio -0.62
Alpha Ratio 5.44
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 May 19₹10,000
31 May 20₹8,638
31 May 21₹14,110
31 May 22₹14,305
31 May 23₹15,732
31 May 24₹21,518

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 ₹481,656.
Net Profit of ₹181,656
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 14 Jun 24

DurationReturns
1 Month 9.1%
3 Month 14.1%
6 Month 18.2%
1 Year 41.1%
3 Year 16.7%
5 Year 18.2%
10 Year
15 Year
Since launch 15.2%
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 203.66 Yr.
Dhimant Kothari29 Mar 186.1 Yr.

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

Equity Sector Allocation
SectorValue
Financial Services28.12%
Industrials12.23%
Consumer Cyclical11.85%
Health Care11.32%
Technology8.9%
Basic Materials6.58%
Energy6.46%
Consumer Defensive6.22%
Utility4.37%
Communication Services1.6%
Real Estate1.22%
Asset Allocation
Asset ClassValue
Cash1.15%
Equity98.85%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 22 | HDFCBANK
6%₹171 Cr1,123,204
↑ 196,547
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE
6%₹149 Cr508,632
↑ 123,393
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK
6%₹145 Cr1,261,235
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 23 | TCS
4%₹107 Cr278,855
Infosys Ltd (Technology)
Equity, Since 31 Dec 19 | INFY
3%₹88 Cr622,174
↓ -174,915
Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | 532215
2%₹66 Cr564,075
↓ -92,204
Mankind Pharma Ltd (Healthcare)
Equity, Since 31 Dec 23 | 543904
2%₹61 Cr259,705
↓ -1,189
Bharat Electronics Ltd (Industrials)
Equity, Since 30 Nov 22 | BEL
2%₹61 Cr2,622,228
Blue Star Ltd (Industrials)
Equity, Since 31 Jan 24 | BLUESTARCO
2%₹58 Cr386,248
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Sep 23 | MARUTI
2%₹58 Cr44,914
↓ -4,946

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 15.8% 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 (14 Jun 24) ₹128.827 ↑ 0.94   (0.74 %)
Net Assets (Cr) ₹14,860 on 30 Apr 24
Category Equity - ELSS
AMC DSP BlackRock Invmt Managers Pvt. Ltd.
Rating
Risk Moderately High
Expense Ratio 1.78
Sharpe Ratio 2.61
Information Ratio 0.21
Alpha Ratio 1.51
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 May 19₹10,000
31 May 20₹8,406
31 May 21₹14,478
31 May 22₹15,488
31 May 23₹17,408
31 May 24₹24,677

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 ₹518,033.
Net Profit of ₹218,033
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 14 Jun 24

DurationReturns
1 Month 9.5%
3 Month 15.2%
6 Month 20.2%
1 Year 47.1%
3 Year 20.8%
5 Year 21.5%
10 Year
15 Year
Since launch 15.8%
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 158.8 Yr.
Charanjit Singh1 May 231 Yr.

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

Equity Sector Allocation
SectorValue
Financial Services36.6%
Consumer Cyclical13.04%
Basic Materials8.45%
Health Care7.54%
Technology7.04%
Industrials6.97%
Consumer Defensive5.28%
Energy4.99%
Communication Services4.56%
Utility4.12%
Asset Allocation
Asset ClassValue
Cash1.4%
Equity98.6%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK
8%₹1,173 Cr7,713,761
↑ 479,624
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK
8%₹1,171 Cr10,181,205
↓ -667,670
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
5%₹693 Cr8,384,315
↓ -379,779
Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 532215
3%₹489 Cr4,193,457
Power Finance Corp Ltd (Financial Services)
Equity, Since 31 Dec 22 | 532810
3%₹443 Cr10,038,031
↑ 987,829
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 30 Nov 21 | M&M
3%₹437 Cr2,027,591
↓ -69,971
Samvardhana Motherson International Ltd (Consumer Cyclical)
Equity, Since 31 Dec 22 | MOTHERSON
2%₹344 Cr26,217,219
↑ 1,042,237
Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY
2%₹338 Cr2,382,232
Indus Towers Ltd Ordinary Shares (Communication Services)
Equity, Since 29 Feb 24 | 534816
2%₹331 Cr9,337,947
↓ -2,348,952
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jul 19 | BHARTIARTL
2%₹318 Cr2,408,190
↑ 569,716

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 12.2% 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 (14 Jun 24) ₹171.3 ↑ 0.68   (0.40 %)
Net Assets (Cr) ₹75 on 30 Apr 24
Category Equity - ELSS
AMC Taurus Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 2.45
Sharpe Ratio 2.37
Information Ratio -0.13
Alpha Ratio 2.28
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 May 19₹10,000
31 May 20₹8,339
31 May 21₹12,844
31 May 22₹13,401
31 May 23₹15,682
31 May 24₹20,516

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 ₹458,689.
Net Profit of ₹158,689
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 14 Jun 24

DurationReturns
1 Month 5%
3 Month 6.9%
6 Month 14.2%
1 Year 35.3%
3 Year 17.8%
5 Year 16.7%
10 Year
15 Year
Since launch 12.2%
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 230.73 Yr.

Data below for Taurus Tax Shield as on 30 Apr 24

Equity Sector Allocation
SectorValue
Financial Services28.45%
Technology17.91%
Basic Materials12.01%
Industrials10.53%
Health Care10.05%
Consumer Defensive5.63%
Energy4.83%
Consumer Cyclical3.38%
Utility1.96%
Asset Allocation
Asset ClassValue
Cash5.25%
Equity94.75%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 23 | HDFCBANK
9%₹7 Cr46,969
HCL Technologies Ltd (Technology)
Equity, Since 31 May 22 | HCLTECH
8%₹6 Cr45,743
Gujarat Pipavav Port Ltd (Industrials)
Equity, Since 31 May 22 | 533248
6%₹4 Cr212,124
↓ -27,876
Bajaj Holdings and Investment Ltd (Financial Services)
Equity, Since 30 Apr 22 | 500490
6%₹4 Cr5,200
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 09 | 532174
6%₹4 Cr36,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 May 22 | 532215
5%₹4 Cr35,000
Coal India Ltd (Energy)
Equity, Since 31 Jan 23 | COALINDIA
5%₹4 Cr80,000
ITC Ltd (Consumer Defensive)
Equity, Since 31 Mar 16 | ITC
5%₹3 Cr80,000
Narayana Hrudayalaya Ltd (Healthcare)
Equity, Since 31 Jul 22 | 539551
4%₹3 Cr25,000
Tech Mahindra Ltd (Technology)
Equity, Since 31 Jul 22 | 532755
4%₹3 Cr22,792

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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