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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 and help save direct tax on Income. Typically, 80% of the fund corpus is invested in equity and the remaining in debt instruments.
ELSS funds are also known as the tax saving Mutual Funds as they offer tax benefits under Section 80C of the income tax Act. Moreover, the ELSS Mutual Funds are open-ended, which means that the investors can subscribe in these funds as and when they want.
Generally, ELSS mutual funds are suitable for all kinds of investors who are willing to take market-linked risks for Tax Planning and saving money. Anyone can invest in ELSS funds at any point of time in their life. However, it is suggested to invest in tax saving ELSS funds during the early stage of your career so that your money grows over time and you earn better returns. Hence, save tax and earn good returns both at the same time by Investing in best ELSS funds. Investors should be aware that amount invested in ELSS funds is locked for 3 Years.
Investors can invest in ELSS mutual funds as lumpsum (One Time) of SIP (Systematic Investment plan). It is advised for beginners to generally invest using SIP as it better suited for them.
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Other tax saving options under Section 80C includes:
One should know combines limit of saving under section 80c is limited to 1.5 Lakhs Per Financial year.
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) Tata India Tax Savings Fund Growth ₹36.7012
↓ -0.08 ₹3,987 0.5 7.5 31.9 15.5 15.5 24 L&T Tax Advantage Fund Growth ₹104.144
↓ -0.35 ₹3,644 3.2 11.3 37.4 15.5 14.5 28.4 Principal Tax Savings Fund Growth ₹432.139
↑ 0.18 ₹1,187 3 9.1 35.5 17.4 15.9 24.5 Invesco India Tax Plan Growth ₹103.25
↓ -0.44 ₹2,517 2.4 11.7 40.5 14.4 15.4 30.9 JM Tax Gain Fund Growth ₹39.0783
↓ -0.11 ₹115 3.4 12.4 40.6 18.3 18.7 30.9 HDFC Long Term Advantage Fund Growth ₹595.168
↑ 0.28 ₹1,318 1.2 15.4 35.5 20.6 17.4 BOI AXA Tax Advantage Fund Growth ₹144.89
↓ -0.34 ₹1,090 6.3 19.6 51.7 22.2 24.1 34.8 Kotak Tax Saver Fund Growth ₹98.92
↓ -0.60 ₹4,797 5.6 11.8 35.5 18.5 18 23.6 BNP Paribas Long Term Equity Fund (ELSS) Growth ₹77.6484
↓ -0.40 ₹829 2.3 14.3 40.6 14.2 15.9 31.3 Sundaram Diversified Equity Fund Growth ₹190.494
↓ -0.65 ₹1,603 1.2 7.3 30.9 15.6 13.8 23.3 IDBI Equity Advantage Fund Growth ₹43.39
↑ 0.04 ₹485 9.7 15.1 16.9 20.8 10 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 15 Mar 24
*Above is list of top ELSS
(Equity Linked Saving Scheme) having AUM/Net Assets above than 500 Crore
and having fund age >= 3 years.
To provide medium to long term capital gains along with income tax relief to its Unitholders, while at all times emphasising the importance of capital appreciation.. Tata India Tax Savings Fund is a Equity - ELSS fund was launched on 13 Oct 14. It is a fund with Moderately High risk and has given a Below is the key information for Tata India Tax Savings Fund Returns up to 1 year are on To generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities. L&T Tax Advantage Fund is a Equity - ELSS fund was launched on 27 Feb 06. It is a fund with Moderately High risk and has given a Below is the key information for L&T Tax Advantage Fund Returns up to 1 year are on To build a high quality growth-oriented portfolio to provide long-term capital gains to the investors, the scheme aims at providing returns through capital appreciation. Principal Tax Savings Fund is a Equity - ELSS fund was launched on 31 Mar 96. It is a fund with Moderately High risk and has given a Below is the key information for Principal Tax Savings Fund Returns up to 1 year are on 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 Below is the key information for Invesco India Tax Plan Returns up to 1 year are on 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 Below is the key information for JM Tax Gain Fund Returns up to 1 year are on To generate long term capital appreciation from a portfolio that is predominantly in equity and equity related instruments HDFC Long Term Advantage Fund is a Equity - ELSS fund was launched on 2 Jan 01. It is a fund with Moderately High risk and has given a Below is the key information for HDFC Long Term Advantage Fund Returns up to 1 year are on 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 The investment objective of the scheme is to generate longterm capital appreciation from a diversified portfolio of equity and equity related securities and enable investors to avail the income tax rebate, as permitted from time to time. Kotak Tax Saver Fund is a Equity - ELSS fund was launched on 23 Nov 05. It is a fund with Moderately High risk and has given a Below is the key information for Kotak Tax Saver Fund Returns up to 1 year are on 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 Below is the key information for BNP Paribas Long Term Equity Fund (ELSS) Returns up to 1 year are on To achieve capital appreciation by investing
predominantly in equities and equity-related
instruments. A three-year lock-in period shall
apply in line with the regulation for ELSS
schemes. Sundaram Diversified Equity Fund is a Equity - ELSS fund was launched on 22 Nov 99. It is a fund with Moderately High risk and has given a Below is the key information for Sundaram Diversified Equity Fund Returns up to 1 year are on The Scheme will seek to invest predominantly in a diversified portfolio of equity and equity related instruments with the objective to provide investors with opportunities for capital appreciation and income along with the benefit of income-tax deduction(under section 80C of the Income-tax Act, 1961) on their investments. Investments in this scheme would be subject to a statutory lock-in of 3 years from the date of allotment to be eligible for income-tax benefits under Section 80C. There can be no assurance that the investment objective under the scheme will be realized. IDBI Equity Advantage Fund is a Equity - ELSS fund was launched on 10 Sep 13. It is a fund with Moderately High risk and has given a Below is the key information for IDBI Equity Advantage Fund Returns up to 1 year are on 1. Tata India Tax Savings Fund
CAGR/Annualized
return of 14.8% since its launch. Ranked 1 in ELSS
category. Return for 2023 was 24% , 2022 was 5.9% and 2021 was 30.4% . Tata India Tax Savings Fund
Growth Launch Date 13 Oct 14 NAV (15 Mar 24) ₹36.7012 ↓ -0.08 (-0.22 %) Net Assets (Cr) ₹3,987 on 31 Jan 24 Category Equity - ELSS AMC Tata Asset Management Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.75 Sharpe Ratio 1.66 Information Ratio -0.44 Alpha Ratio -2.15 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹10,916 28 Feb 21 ₹13,936 28 Feb 22 ₹16,090 28 Feb 23 ₹16,987 29 Feb 24 ₹22,339 Returns for Tata India Tax Savings Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 15 Mar 24 Duration Returns 1 Month -1.3% 3 Month 0.5% 6 Month 7.5% 1 Year 31.9% 3 Year 15.5% 5 Year 15.5% 10 Year 15 Year Since launch 14.8% Historical performance (Yearly) on absolute basis
Year Returns 2023 24% 2022 5.9% 2021 30.4% 2020 11.9% 2019 13.6% 2018 -8.4% 2017 46% 2016 2.1% 2015 13.3% 2014 Fund Manager information for Tata India Tax Savings Fund
Name Since Tenure Sailesh Jain 16 Dec 21 2.21 Yr. Tejas Gutka 9 Mar 21 2.98 Yr. Data below for Tata India Tax Savings Fund as on 31 Jan 24
Equity Sector Allocation
Sector Value Financial Services 31.44% Industrials 15.89% Consumer Cyclical 12.46% Technology 8.86% Basic Materials 6.95% Energy 4.83% Communication Services 4.56% Health Care 4.22% Utility 3.6% Consumer Defensive 2.71% Real Estate 2.46% Asset Allocation
Asset Class Value Cash 2.03% Equity 97.97% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK8% ₹316 Cr 2,160,000 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK6% ₹239 Cr 2,325,000 Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY5% ₹193 Cr 1,160,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE5% ₹193 Cr 675,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN4% ₹160 Cr 2,500,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322153% ₹139 Cr 1,300,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 16 | LT3% ₹123 Cr 352,147 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 19 | BHARTIARTL3% ₹110 Cr 940,000 NTPC Ltd (Utilities)
Equity, Since 30 Jun 21 | 5325553% ₹110 Cr 3,451,000 Radico Khaitan Ltd (Consumer Defensive)
Equity, Since 30 Jun 22 | RADICO3% ₹108 Cr 650,000 2. L&T Tax Advantage Fund
CAGR/Annualized
return of 13.9% since its launch. Ranked 7 in ELSS
category. Return for 2023 was 28.4% , 2022 was -3% and 2021 was 30.3% . L&T Tax Advantage Fund
Growth Launch Date 27 Feb 06 NAV (15 Mar 24) ₹104.144 ↓ -0.35 (-0.33 %) Net Assets (Cr) ₹3,644 on 31 Jan 24 Category Equity - ELSS AMC L&T Investment Management Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.98 Sharpe Ratio 2.34 Information Ratio -0.36 Alpha Ratio 6.14 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹10,606 28 Feb 21 ₹13,161 28 Feb 22 ₹15,213 28 Feb 23 ₹15,518 29 Feb 24 ₹21,516 Returns for L&T Tax Advantage Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 15 Mar 24 Duration Returns 1 Month -2.2% 3 Month 3.2% 6 Month 11.3% 1 Year 37.4% 3 Year 15.5% 5 Year 14.5% 10 Year 15 Year Since launch 13.9% Historical performance (Yearly) on absolute basis
Year Returns 2023 28.4% 2022 -3% 2021 30.3% 2020 13.5% 2019 4.6% 2018 -8.1% 2017 42.3% 2016 8.1% 2015 2.9% 2014 44.8% Fund Manager information for L&T Tax Advantage Fund
Name Since Tenure Gautam Bhupal 26 Nov 22 1.26 Yr. Sonal Gupta 21 Jul 21 2.61 Yr. Abhishek Gupta 1 Mar 24 0 Yr. Data below for L&T Tax Advantage Fund as on 31 Jan 24
Equity Sector Allocation
Sector Value Industrials 25.11% Financial Services 23.24% Consumer Cyclical 15.8% Technology 11.34% Energy 6.1% Health Care 4.9% Utility 3.56% Real Estate 3.3% Basic Materials 2.82% Consumer Defensive 1.88% Communication Services 1% Asset Allocation
Asset Class Value Cash 0.95% Equity 99.05% Top Securities Holdings / Portfolio
Name Holding Value Quantity Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jul 22 | LT5% ₹200 Cr 574,100 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK5% ₹180 Cr 1,229,300
↓ -216,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 21 | RELIANCE4% ₹153 Cr 537,600
↑ 86,000 Persistent Systems Ltd (Technology)
Equity, Since 31 Jul 21 | PERSISTENT3% ₹126 Cr 151,100
↓ -12,800 KPIT Technologies Ltd (Technology)
Equity, Since 30 Sep 21 | KPITTECH3% ₹120 Cr 775,600
↓ -236,900 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK3% ₹119 Cr 1,155,500
↑ 181,000 CG Power & Industrial Solutions Ltd (Industrials)
Equity, Since 30 Apr 22 | 5000933% ₹116 Cr 2,486,300 Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY3% ₹103 Cr 622,100 Bharat Electronics Ltd (Industrials)
Equity, Since 31 May 22 | BEL3% ₹102 Cr 5,485,000 Shriram Finance Ltd (Financial Services)
Equity, Since 30 Jun 23 | SHRIRAMFIN3% ₹94 Cr 382,000 3. Principal Tax Savings Fund
CAGR/Annualized
return of 16.1% since its launch. Ranked 8 in ELSS
category. Return for 2023 was 24.5% , 2022 was 4.3% and 2021 was 32.1% . Principal Tax Savings Fund
Growth Launch Date 31 Mar 96 NAV (15 Mar 24) ₹432.139 ↑ 0.18 (0.04 %) Net Assets (Cr) ₹1,187 on 31 Jan 24 Category Equity - ELSS AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.36 Sharpe Ratio 1.51 Information Ratio -0.53 Alpha Ratio -4.03 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹10,204 28 Feb 21 ₹13,570 28 Feb 22 ₹16,380 28 Feb 23 ₹16,889 29 Feb 24 ₹22,498 Returns for Principal Tax Savings Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 15 Mar 24 Duration Returns 1 Month 0.8% 3 Month 3% 6 Month 9.1% 1 Year 35.5% 3 Year 17.4% 5 Year 15.9% 10 Year 15 Year Since launch 16.1% Historical performance (Yearly) on absolute basis
Year Returns 2023 24.5% 2022 4.3% 2021 32.1% 2020 18.9% 2019 2.5% 2018 -9.2% 2017 48.8% 2016 6.2% 2015 2.7% 2014 49.4% Fund Manager information for Principal Tax Savings Fund
Name Since Tenure Sudhir Kedia 29 Oct 19 4.34 Yr. Rohit Seksaria 1 Jan 22 2.16 Yr. Data below for Principal Tax Savings Fund as on 31 Jan 24
Equity Sector Allocation
Sector Value Financial Services 32.24% Technology 11.56% Consumer Cyclical 10.32% Industrials 8.76% Consumer Defensive 8.55% Health Care 8.14% Energy 6.59% Basic Materials 5.72% Communication Services 3.06% Real Estate 0.42% Asset Allocation
Asset Class Value Cash 4.62% Equity 95.38% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK7% ₹89 Cr 606,077 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 21 | RELIANCE7% ₹78 Cr 274,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK6% ₹68 Cr 661,000 Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY4% ₹52 Cr 313,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 17 | 5322153% ₹33 Cr 311,000 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Aug 15 | SUNPHARMA3% ₹33 Cr 233,000 State Bank of India (Financial Services)
Equity, Since 30 Apr 05 | SBIN2% ₹28 Cr 444,000
↓ -95,000 Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 21 | TATAMOTORS2% ₹25 Cr 288,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 13 | LT2% ₹24 Cr 69,021 Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 31 Jan 22 | 5403762% ₹24 Cr 62,000
↑ 15,000 4. Invesco India Tax Plan
CAGR/Annualized
return of 14.5% since its launch. Ranked 17 in ELSS
category. Return for 2023 was 30.9% , 2022 was -7.7% and 2021 was 32.6% . Invesco India Tax Plan
Growth Launch Date 29 Dec 06 NAV (15 Mar 24) ₹103.25 ↓ -0.44 (-0.42 %) Net Assets (Cr) ₹2,517 on 31 Jan 24 Category Equity - ELSS AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.11 Sharpe Ratio 2.64 Information Ratio -0.73 Alpha Ratio 8.79 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹11,258 28 Feb 21 ₹14,106 28 Feb 22 ₹16,401 28 Feb 23 ₹15,810 29 Feb 24 ₹22,377 Returns for Invesco India Tax Plan
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 15 Mar 24 Duration Returns 1 Month -3.1% 3 Month 2.4% 6 Month 11.7% 1 Year 40.5% 3 Year 14.4% 5 Year 15.4% 10 Year 15 Year Since launch 14.5% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Amit Nigam 3 Sep 20 3.49 Yr. Dhimant Kothari 29 Mar 18 5.93 Yr. Data below for Invesco India Tax Plan as on 31 Jan 24
Equity Sector Allocation
Sector Value Financial Services 25.92% Consumer Cyclical 12.41% Technology 12.1% Industrials 11.56% Health Care 8.51% Basic Materials 7.74% Consumer Defensive 6.06% Utility 5.52% Energy 4.37% Communication Services 2.65% Real Estate 1.15% Asset Allocation
Asset Class Value Cash 2.01% Equity 97.99% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK5% ₹133 Cr 1,261,235 Infosys Ltd (Technology)
Equity, Since 31 Dec 19 | INFY5% ₹121 Cr 722,543 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE4% ₹113 Cr 385,239 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 22 | HDFCBANK3% ₹87 Cr 618,355 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 23 | TCS3% ₹77 Cr 188,066 Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | 5322153% ₹71 Cr 656,279 Anand Rathi Wealth Ltd (Financial Services)
Equity, Since 31 Dec 21 | 5434153% ₹67 Cr 182,065 IndusInd Bank Ltd (Financial Services)
Equity, Since 30 Nov 22 | INDUSINDBK2% ₹63 Cr 429,280
↑ 91,293 Bank of Baroda (Financial Services)
Equity, Since 30 Sep 22 | 5321342% ₹58 Cr 2,166,901
↑ 754,026 Gujarat State Petronet Ltd (Utilities)
Equity, Since 30 Nov 22 | 5327022% ₹57 Cr 1,552,742 5. JM Tax Gain Fund
CAGR/Annualized
return of 8.9% since its launch. Ranked 18 in ELSS
category. Return for 2023 was 30.9% , 2022 was 0.5% and 2021 was 32.2% . JM Tax Gain Fund
Growth Launch Date 31 Mar 08 NAV (15 Mar 24) ₹39.0783 ↓ -0.11 (-0.27 %) Net Assets (Cr) ₹115 on 31 Jan 24 Category Equity - ELSS AMC JM Financial Asset Management Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.43 Sharpe Ratio 2.49 Information Ratio 0.24 Alpha Ratio 10.02 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹11,382 28 Feb 21 ₹14,615 28 Feb 22 ₹17,234 28 Feb 23 ₹17,704 29 Feb 24 ₹25,550 Returns for JM Tax Gain Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 15 Mar 24 Duration Returns 1 Month -2.5% 3 Month 3.4% 6 Month 12.4% 1 Year 40.6% 3 Year 18.3% 5 Year 18.7% 10 Year 15 Year Since launch 8.9% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Asit Bhandarkar 31 Dec 21 2.17 Yr. Gurvinder Wasan 1 Dec 22 1.25 Yr. Chaitanya Choksi 18 Jul 14 9.63 Yr. Data below for JM Tax Gain Fund as on 31 Jan 24
Equity Sector Allocation
Sector Value Financial Services 25.02% Technology 16.94% Industrials 15.69% Consumer Cyclical 12.58% Basic Materials 9.14% Consumer Defensive 5.03% Utility 4.28% Real Estate 3.8% Health Care 3.27% Communication Services 1.34% Asset Allocation
Asset Class Value Cash 2.91% Equity 97.09% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 11 | HDFCBANK6% ₹7 Cr 47,881
↑ 24,000 Infosys Ltd (Technology)
Equity, Since 31 Aug 18 | INFY5% ₹6 Cr 34,215
↑ 15,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Mar 22 | ICICIBANK4% ₹5 Cr 49,975 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 10 | LT4% ₹5 Cr 13,500
↓ -800 State Bank of India (Financial Services)
Equity, Since 31 Aug 20 | SBIN3% ₹3 Cr 45,400 Power Finance Corp Ltd (Financial Services)
Equity, Since 30 Nov 22 | 5328103% ₹3 Cr 81,625
↓ -30,000 Bank of Baroda (Financial Services)
Equity, Since 30 Sep 22 | 5321343% ₹3 Cr 123,000 NTPC Ltd (Utilities)
Equity, Since 31 Dec 23 | 5325553% ₹3 Cr 97,000
↑ 15,000 Newgen Software Technologies Ltd (Technology)
Equity, Since 30 Nov 23 | NEWGEN3% ₹3 Cr 36,900 Tata Motors Ltd Class A (Consumer Cyclical)
Equity, Since 31 Jul 23 | TATAMTRDVR2% ₹3 Cr 47,500 6. HDFC Long Term Advantage Fund
CAGR/Annualized
return of 21.4% since its launch. Ranked 23 in ELSS
category. . HDFC Long Term Advantage Fund
Growth Launch Date 2 Jan 01 NAV (14 Jan 22) ₹595.168 ↑ 0.28 (0.05 %) Net Assets (Cr) ₹1,318 on 30 Nov 21 Category Equity - ELSS AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.25 Sharpe Ratio 2.27 Information Ratio -0.15 Alpha Ratio 1.75 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹10,378 28 Feb 21 ₹13,707
Purchase not allowed Returns for HDFC Long Term Advantage Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 15 Mar 24 Duration Returns 1 Month 4.4% 3 Month 1.2% 6 Month 15.4% 1 Year 35.5% 3 Year 20.6% 5 Year 17.4% 10 Year 15 Year Since launch 21.4% Historical performance (Yearly) on absolute basis
Year Returns 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 Fund Manager information for HDFC Long Term Advantage Fund
Name Since Tenure Data below for HDFC Long Term Advantage Fund as on 30 Nov 21
Equity Sector Allocation
Sector Value Asset Allocation
Asset Class Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 7. BOI AXA Tax Advantage Fund
CAGR/Annualized
return of 19.4% 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 (15 Mar 24) ₹144.89 ↓ -0.34 (-0.23 %) Net Assets (Cr) ₹1,090 on 31 Jan 24 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.49 Sharpe Ratio 2.25 Information Ratio 0.67 Alpha Ratio 6.21 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹12,243 28 Feb 21 ₹16,531 28 Feb 22 ₹20,178 28 Feb 23 ₹20,760 29 Feb 24 ₹31,625 Returns for BOI AXA Tax Advantage Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 15 Mar 24 Duration Returns 1 Month -1.6% 3 Month 6.3% 6 Month 19.6% 1 Year 51.7% 3 Year 22.2% 5 Year 24.1% 10 Year 15 Year Since launch 19.4% 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 1.85 Yr. Data below for BOI AXA Tax Advantage Fund as on 31 Jan 24
Equity Sector Allocation
Sector Value Financial Services 30.56% Consumer Cyclical 9.5% Industrials 9.36% Basic Materials 8.78% Health Care 7.64% Energy 7.21% Technology 5.24% Utility 4.87% Consumer Defensive 2.59% Real Estate 1.43% Asset Allocation
Asset Class Value Cash 10.21% Equity 87.18% Debt 2.61% 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 8. Kotak Tax Saver Fund
CAGR/Annualized
return of 13.3% since its launch. Ranked 19 in ELSS
category. Return for 2023 was 23.6% , 2022 was 6.9% and 2021 was 33.2% . Kotak Tax Saver Fund
Growth Launch Date 23 Nov 05 NAV (15 Mar 24) ₹98.92 ↓ -0.60 (-0.61 %) Net Assets (Cr) ₹4,797 on 31 Jan 24 Category Equity - ELSS AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 1.97 Sharpe Ratio 2.03 Information Ratio -0.16 Alpha Ratio 1.35 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹11,149 28 Feb 21 ₹14,133 28 Feb 22 ₹16,798 28 Feb 23 ₹17,953 29 Feb 24 ₹24,357 Returns for Kotak Tax Saver Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 15 Mar 24 Duration Returns 1 Month 0.4% 3 Month 5.6% 6 Month 11.8% 1 Year 35.5% 3 Year 18.5% 5 Year 18% 10 Year 15 Year Since launch 13.3% Historical performance (Yearly) on absolute basis
Year Returns 2023 23.6% 2022 6.9% 2021 33.2% 2020 14.9% 2019 12.7% 2018 -3.8% 2017 33.8% 2016 7.5% 2015 1.5% 2014 56.6% Fund Manager information for Kotak Tax Saver Fund
Name Since Tenure Harsha Upadhyaya 25 Aug 15 8.52 Yr. Data below for Kotak Tax Saver Fund as on 31 Jan 24
Equity Sector Allocation
Sector Value Financial Services 23.42% Industrials 18.94% Consumer Cyclical 15.12% Basic Materials 12.42% Utility 7.04% Technology 5.34% Consumer Defensive 4.75% Health Care 4.43% Energy 2.97% Communication Services 2.83% Asset Allocation
Asset Class Value Cash 2.75% Equity 97.25% Top Securities Holdings / Portfolio
Name Holding Value Quantity Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 21 | MARUTI5% ₹254 Cr 225,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 23 | HDFCBANK5% ₹246 Cr 1,750,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK4% ₹221 Cr 2,100,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 14 | LT4% ₹205 Cr 588,501 State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN4% ₹202 Cr 2,700,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | 5322154% ₹194 Cr 1,800,000 NTPC Ltd (Utilities)
Equity, Since 30 Sep 22 | 5325553% ₹168 Cr 5,000,000
↓ -400,000 Bosch Ltd (Consumer Cyclical)
Equity, Since 28 Feb 23 | 5005303% ₹149 Cr 52,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE3% ₹146 Cr 500,000 Infosys Ltd (Technology)
Equity, Since 31 Dec 05 | INFY3% ₹134 Cr 800,000 9. BNP Paribas Long Term Equity Fund (ELSS)
CAGR/Annualized
return of 11.9% since its launch. Ranked 22 in ELSS
category. Return for 2023 was 31.3% , 2022 was -2.1% and 2021 was 23.6% . BNP Paribas Long Term Equity Fund (ELSS)
Growth Launch Date 5 Jan 06 NAV (15 Mar 24) ₹77.6484 ↓ -0.40 (-0.51 %) Net Assets (Cr) ₹829 on 31 Jan 24 Category Equity - ELSS AMC BNP Paribas Asset Mgmt India Pvt. Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.37 Sharpe Ratio 1.99 Information Ratio 0 Alpha Ratio 0 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹11,512 28 Feb 21 ₹14,361 28 Feb 22 ₹16,254 28 Feb 23 ₹15,982 29 Feb 24 ₹22,369 Returns for BNP Paribas Long Term Equity Fund (ELSS)
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 15 Mar 24 Duration Returns 1 Month -1.4% 3 Month 2.3% 6 Month 14.3% 1 Year 40.6% 3 Year 14.2% 5 Year 15.9% 10 Year 15 Year Since launch 11.9% Historical performance (Yearly) on absolute basis
Year Returns 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)
Name Since Tenure Sanjay Chawla 14 Mar 22 1.97 Yr. Pratish Krishnan 14 Mar 22 1.97 Yr. Miten Vora 1 Dec 22 1.25 Yr. Data below for BNP Paribas Long Term Equity Fund (ELSS) as on 31 Jan 24
Equity Sector Allocation
Sector Value Financial Services 29.26% Technology 11.74% Consumer Cyclical 11.55% Industrials 11.07% Health Care 7.1% Basic Materials 5.66% Energy 5.23% Communication Services 5.21% Utility 3.81% Real Estate 2.78% Consumer Defensive 1.8% Asset Allocation
Asset Class Value Cash 4.79% Equity 95.21% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFCBANK6% ₹48 Cr 342,160
↑ 15,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 18 | RELIANCE5% ₹44 Cr 152,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 12 | ICICIBANK5% ₹39 Cr 371,000
↓ -41,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 20 | LT3% ₹27 Cr 77,620
↓ -8,500 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jan 23 | TCS3% ₹25 Cr 60,120 Zomato Ltd (Consumer Cyclical)
Equity, Since 31 Jul 23 | 5433203% ₹22 Cr 1,345,013
↓ -104,987 Trent Ltd (Consumer Cyclical)
Equity, Since 31 May 22 | 5002512% ₹21 Cr 53,614
↓ -10,000 Infosys Ltd (Technology)
Equity, Since 29 Feb 24 | INFY2% ₹20 Cr 120,000
↑ 120,000 Bharat Heavy Electricals Ltd (Industrials)
Equity, Since 31 Jan 24 | 5001032% ₹18 Cr 775,000
↑ 150,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322152% ₹17 Cr 160,000
↑ 21,000 10. Sundaram Diversified Equity Fund
CAGR/Annualized
return of 16.1% since its launch. Ranked 14 in ELSS
category. Return for 2023 was 23.3% , 2022 was 4% and 2021 was 31.5% . Sundaram Diversified Equity Fund
Growth Launch Date 22 Nov 99 NAV (15 Mar 24) ₹190.494 ↓ -0.65 (-0.34 %) Net Assets (Cr) ₹1,603 on 31 Jan 24 Category Equity - ELSS AMC Sundaram Asset Management Company Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.13 Sharpe Ratio 1.35 Information Ratio -0.76 Alpha Ratio -5.74 Min Investment 500 Min SIP Investment 250 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹10,448 28 Feb 21 ₹12,801 28 Feb 22 ₹14,997 28 Feb 23 ₹15,770 29 Feb 24 ₹20,276 Returns for Sundaram Diversified Equity Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 15 Mar 24 Duration Returns 1 Month 0.3% 3 Month 1.2% 6 Month 7.3% 1 Year 30.9% 3 Year 15.6% 5 Year 13.8% 10 Year 15 Year Since launch 16.1% Historical performance (Yearly) on absolute basis
Year Returns 2023 23.3% 2022 4% 2021 31.5% 2020 9.9% 2019 6.2% 2018 -10.6% 2017 38.4% 2016 6.8% 2015 3.1% 2014 45.7% Fund Manager information for Sundaram Diversified Equity Fund
Name Since Tenure Sudhir Kedia 1 Jan 22 2.16 Yr. Rohit Seksaria 24 Feb 21 3.02 Yr. Data below for Sundaram Diversified Equity Fund as on 31 Jan 24
Equity Sector Allocation
Sector Value Financial Services 34.75% Technology 11.02% Industrials 10.16% Consumer Defensive 10.05% Consumer Cyclical 8.73% Energy 8.19% Basic Materials 6.45% Health Care 5.88% Communication Services 3.13% Real Estate 0.45% Asset Allocation
Asset Class Value Cash 1.19% Equity 98.81% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | HDFCBANK8% ₹136 Cr 929,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 12 | RELIANCE8% ₹131 Cr 460,000 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 11 | ICICIBANK7% ₹110 Cr 1,066,000
↓ -79,000 Infosys Ltd (Technology)
Equity, Since 30 Nov 16 | INFY5% ₹72 Cr 436,000
↓ -76,000 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 May 20 | SUNPHARMA3% ₹55 Cr 388,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 May 18 | LT3% ₹54 Cr 156,446 Axis Bank Ltd (Financial Services)
Equity, Since 31 May 18 | 5322153% ₹52 Cr 483,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 20 | TCS3% ₹44 Cr 114,734 Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 Jan 22 | TATAMOTORS3% ₹40 Cr 457,000 State Bank of India (Financial Services)
Equity, Since 31 Aug 20 | SBIN3% ₹40 Cr 626,000
↓ -157,000 11. IDBI Equity Advantage Fund
CAGR/Annualized
return of 16% since its launch. Ranked 21 in ELSS
category. . IDBI Equity Advantage Fund
Growth Launch Date 10 Sep 13 NAV (28 Jul 23) ₹43.39 ↑ 0.04 (0.09 %) Net Assets (Cr) ₹485 on 30 Jun 23 Category Equity - ELSS AMC IDBI Asset Management Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.39 Sharpe Ratio 1.21 Information Ratio -1.13 Alpha Ratio 1.78 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹10,921 28 Feb 21 ₹12,738 28 Feb 22 ₹14,849 28 Feb 23 ₹15,267 Returns for IDBI Equity Advantage Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 15 Mar 24 Duration Returns 1 Month 3.1% 3 Month 9.7% 6 Month 15.1% 1 Year 16.9% 3 Year 20.8% 5 Year 10% 10 Year 15 Year Since launch 16% Historical performance (Yearly) on absolute basis
Year Returns 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 Fund Manager information for IDBI Equity Advantage Fund
Name Since Tenure Data below for IDBI Equity Advantage Fund as on 30 Jun 23
Equity Sector Allocation
Sector Value Asset Allocation
Asset Class Value Top Securities Holdings / Portfolio
Name Holding Value Quantity
Know Your SIP Returns
One can choose SIP as an investment mode for invest in Tax Saving Mutual Funds (ELSS) as certain amount is invested every month.
As shown in sample below-
Month | Amount | Mode | |||
---|---|---|---|---|---|
April | 12,500 | SIP | May | 12,500 | SIP |
June | 12,500 | SIP | July | 12,500 | SIP |
August | 12,500 | SIP | September | 12,500 | SIP |
October | 12,500 | SIP | November | 12,500 | SIP |
December | 12,500 | SIP | January | 12,500 | SIP |
Feburary | 12,500 | SIP | March | 12,500 | SIP |
Total | 1,50,000 |
While investing through SIP method SIP benefits of Rupee Cost averaging are reaped as it scatter purchases every month and invest is made at an average price rather than at particular price which might be the case with Lumpsum Investments.
As one might be saving in other tax saving intruments like ULIP, NSC, PF/EPF, insurance (under Sector 80c) one can decide whatever amount is needed to save tax after deducting other instruments and invest as Lumpsum purchases over the year or one time near end of Financial Year (Jan - Mar).
Invest in best ELSS Funds via a SIP (Systematic Investment Plan) in the beginning of the financial year (i.e. in April) and not when the financial year is ending
Choose an ELSS Mutual Fund carefully among the list of best ELSS Funds, and invest in the same for a year instead of jumping to other tax saving ELSS funds every year
Good ELSS returns can be achieved when invested for 5-7 years, so it is suggested not to pull out money once your lock-in ends after 3 years. Try holding it for a longer duration to earn better returns
If you are a risk-averse investor and want a less-volatile fund, consider investing in a large-cap Mutual Fund
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Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!
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Nice article. Highly recommended for guys who are looking to save tax under section 80c.