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Table of Contents
- Who Can Invest in ELSS Fund?
- Other Tax Saving Options?
- Top 11 Best Performing ELSS Mutual Funds for Investment in FY 19 - 20
- ELSS SIP Calculator
- Investment Modes in ELSS
- Tips to Invest in Best Tax Saving ELSS Funds
- How to Invest in ELSS Funds Online?
Top 11 Equity - ELSS Funds
- Tata India Tax Savings Fund
- IDFC Tax Advantage (ELSS) Fund
- Principal Tax Savings Fund
- L&T Tax Advantage Fund
- Kotak Tax Saver Scheme
- HDFC Long Term Advantage Fund
- Invesco India Tax Plan
- BNP Paribas Long Term Equity Fund (ELSS)
- Sundaram Diversified Equity Fund
- IDBI Equity Advantage Fund
- BOI AXA Tax Advantage Fund
11 Best Tax Saving ELSS Mutual Funds 2019
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.
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Who Can Invest in ELSS Fund?
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.
Other Tax Saving Options?
Similar to ELSS other options under Section 80c includes : Life Insurance premium, Tax saving fixed deposits, PPF, NSC, EPF, Unit Linked Equity Plans (ULIP). One should know combines limit of saving under section 80c is limited to 1.5 Lakhs Per Financial year.
Top 11 Best Performing ELSS Mutual Funds for Investment in FY 19 - 20
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2018 (%) Tata India Tax Savings Fund Growth ₹18.4524
↓ 0.00 ₹1,790 2.7 7.7 7.5 13.5 IDFC Tax Advantage (ELSS) Fund Growth ₹55.76
↓ -0.26 ₹1,996 -0.6 2.3 -1.6 13.2 13 Principal Tax Savings Fund Growth ₹204.72
↓ -1.10 ₹406 -1.2 -0.1 -1.4 13.1 11.2 L&T Tax Advantage Fund Growth ₹53.36
↓ -0.22 ₹3,322 0.4 -0.3 -2.7 11.5 11.5 Kotak Tax Saver Scheme Growth ₹44.745
↓ -0.17 ₹898 3.3 7 10.5 13.7 13.8 HDFC Long Term Advantage Fund Growth ₹363.529
↑ 0.40 ₹1,461 0.9 6.1 8.5 14.2 11.6 Invesco India Tax Plan Growth ₹50.6
↓ -0.11 ₹839 -0.3 2.6 0.7 12.4 13.4 BNP Paribas Long Term Equity Fund (ELSS) Growth ₹38.343
↓ -0.11 ₹466 2.6 5.6 4.9 9.2 10.7 Sundaram Diversified Equity Fund Growth ₹101.276
↓ -0.44 ₹2,712 0.7 4.3 -0.8 10 11.2 IDBI Equity Advantage Fund Growth ₹25.54
↓ -0.05 ₹592 -0.8 -4.9 -5.7 8.4 12.8 BOI AXA Tax Advantage Fund Growth ₹50.68
↓ -0.07 ₹223 2.3 3.9 -7.7 11.2 10.3 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Jun 19
*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 The investment objective of the Scheme is to seek to generate long term capital growth from a diversified portfolio of predominantly equity and equity related securities. There can be no assurance that the investment objective of the scheme will be realised. IDFC Tax Advantage (ELSS) Fund is a Equity - ELSS fund was launched on 26 Dec 08. It is a fund with Moderately High risk and has given a Below is the key information for IDFC Tax Advantage (ELSS) 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 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 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 Scheme 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 Scheme 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 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 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 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 1. Tata India Tax Savings Fund
CAGR/Annualized return of 14% since its launch. Ranked 1 in ELSS category. . Tata India Tax Savings Fund
Growth Launch Date 13 Oct 14 NAV (19 Jun 19) ₹18.4524 ↓ 0.00 (0.00 %) Net Assets (Cr) ₹1,790 on 30 Apr 19 Category Equity - ELSS AMC Tata Asset Management Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.61 Sharpe Ratio -0.05 Information Ratio -0.22 Alpha Ratio -11.12 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 May 15 ₹11,466 31 May 16 ₹11,976 31 May 17 ₹14,988 31 May 18 ₹16,832 31 May 19 ₹18,010 Returns for Tata India Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Jun 19 Duration Returns 1 Month 4% 3 Month 2.7% 6 Month 7.7% 1 Year 7.5% 3 Year 13.5% 5 Year 10 Year 15 Year Since launch 14% Historical performance (Yearly) on absolute basis
Year Returns 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 Fund Manager information for Tata India Tax Savings Fund
Name Since Tenure Rupesh Patel 1 Apr 15 3.84 Yr. Ennette Fernandes 18 Jun 18 0.62 Yr. Data below for Tata India Tax Savings Fund as on 30 Apr 19
Equity Sector Allocation
Sector Value Financial Services 40.7% Technology 10.21% Consumer Cyclical 9.33% Industrials 9.28% Consumer Defensive 9.05% Energy 5.84% Health Care 5.22% Basic Materials 3.29% Real Estate 0.62% Asset Allocation
Asset Class Value Cash 6.46% Equity 93.54% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK9% ₹164 Cr 4,015,000 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK7% ₹130 Cr 560,000 Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY7% ₹126 Cr 1,680,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322156% ₹115 Cr 1,500,000 (A) Treps
CBLO/Reverse Repo | -6% ₹113 Cr State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN5% ₹96 Cr 3,100,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE4% ₹70 Cr 500,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 15 | KOTAKBANK4% ₹69 Cr 495,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC3% ₹62 Cr 310,000 ITC Ltd (Consumer Defensive)
Equity, Since 30 Sep 16 | ITC3% ₹57 Cr 1,900,000 2. IDFC Tax Advantage (ELSS) Fund
CAGR/Annualized return of 17.8% since its launch. Ranked 3 in ELSS category. . IDFC Tax Advantage (ELSS) Fund
Growth Launch Date 26 Dec 08 NAV (19 Jun 19) ₹55.76 ↓ -0.26 (-0.46 %) Net Assets (Cr) ₹1,996 on 30 Apr 19 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.74 Sharpe Ratio -0.51 Information Ratio -0.09 Alpha Ratio -11.36 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 May 14 ₹10,000 31 May 15 ₹14,058 31 May 16 ₹13,220 31 May 17 ₹17,241 31 May 18 ₹20,277 31 May 19 ₹20,092 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Jun 19 Duration Returns 1 Month 2.8% 3 Month -0.6% 6 Month 2.3% 1 Year -1.6% 3 Year 13.2% 5 Year 13% 10 Year 15 Year Since launch 17.8% Historical performance (Yearly) on absolute basis
Year Returns 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 Fund Manager information for IDFC Tax Advantage (ELSS) Fund
Name Since Tenure Daylynn Pinto 20 Oct 16 2.61 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 30 Apr 19
Equity Sector Allocation
Sector Value Financial Services 27.99% Consumer Cyclical 13.97% Basic Materials 12.13% Industrials 11.42% Technology 8.79% Energy 6.55% Health Care 6.44% Consumer Defensive 3.43% Utility 3.35% Communication Services 0.16% Asset Allocation
Asset Class Value Cash 5.1% Equity 94.9% Other 0.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK6% ₹128 Cr 3,150,000
↑ 50,000 Triparty Repo
CBLO/Reverse Repo | -5% ₹100 Cr HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK4% ₹81 Cr 350,000 State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN4% ₹81 Cr 2,600,000
↑ 100,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE4% ₹77 Cr 550,000 Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 18 | 5322154% ₹71 Cr 925,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY3% ₹60 Cr 800,000
↓ -100,000 RBL Bank Ltd (Financial Services)
Equity, Since 31 Aug 16 | RBLBANK3% ₹56 Cr 825,000
↑ 25,000 Future Retail Ltd (Consumer Cyclical)
Equity, Since 31 Aug 16 | FRETAIL3% ₹53 Cr 1,260,000
↑ 120,000 Jindal Steel & Power Ltd (Basic Materials)
Equity, Since 31 Mar 18 | 5322862% ₹39 Cr 2,200,000
↑ 400,000 3. Principal Tax Savings Fund
CAGR/Annualized return of 15.9% since its launch. Ranked 8 in ELSS category. . Principal Tax Savings Fund
Growth Launch Date 31 Mar 96 NAV (19 Jun 19) ₹204.72 ↓ -1.10 (-0.53 %) Net Assets (Cr) ₹406 on 30 Apr 19 Category Equity - ELSS AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.88 Sharpe Ratio -0.51 Information Ratio 0.09 Alpha Ratio -8.96 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 May 14 ₹10,000 31 May 15 ₹12,336 31 May 16 ₹12,208 31 May 17 ₹16,337 31 May 18 ₹18,509 31 May 19 ₹18,586 Returns for Principal Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Jun 19 Duration Returns 1 Month 1.9% 3 Month -1.2% 6 Month -0.1% 1 Year -1.4% 3 Year 13.1% 5 Year 11.2% 10 Year 15 Year Since launch 15.9% Historical performance (Yearly) on absolute basis
Year Returns 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 Fund Manager information for Principal Tax Savings Fund
Name Since Tenure P.V.K. Mohan 1 Sep 10 8.42 Yr. Data below for Principal Tax Savings Fund as on 30 Apr 19
Equity Sector Allocation
Sector Value Financial Services 28.67% Basic Materials 13.16% Consumer Defensive 11.95% Technology 10.71% Industrials 8.13% Consumer Cyclical 6.97% Energy 4.61% Health Care 4.42% Utility 4.24% Communication Services 1.28% Asset Allocation
Asset Class Value Cash 5.74% Equity 94.26% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK5% ₹21 Cr 91,334 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK5% ₹21 Cr 509,143 Net Receivable / Payable
Net Current Assets | -5% ₹19 Cr Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 08 | RELIANCE5% ₹19 Cr 134,452 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 14 | TCS4% ₹15 Cr 66,040 State Bank of India (Financial Services)
Equity, Since 30 Apr 05 | SBIN4% ₹15 Cr 479,851 ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC3% ₹14 Cr 455,396 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jan 16 | KOTAKBANK3% ₹12 Cr 89,915 Tata Power Co Ltd (Utilities)
Equity, Since 30 Nov 17 | 5004003% ₹11 Cr 1,582,240 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 13 | LT3% ₹10 Cr 77,262 4. L&T Tax Advantage Fund
CAGR/Annualized return of 13.4% since its launch. Ranked 7 in ELSS category. . L&T Tax Advantage Fund
Growth Launch Date 27 Feb 06 NAV (19 Jun 19) ₹53.36 ↓ -0.22 (-0.42 %) Net Assets (Cr) ₹3,322 on 30 Apr 19 Category Equity - ELSS AMC L&T Investment Management Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.61 Sharpe Ratio -0.68 Information Ratio -0.43 Alpha Ratio -12.56 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 May 14 ₹10,000 31 May 15 ₹12,747 31 May 16 ₹12,845 31 May 17 ₹16,837 31 May 18 ₹18,989 31 May 19 ₹18,578 Returns for L&T Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Jun 19 Duration Returns 1 Month 3% 3 Month 0.4% 6 Month -0.3% 1 Year -2.7% 3 Year 11.5% 5 Year 11.5% 10 Year 15 Year Since launch 13.4% Historical performance (Yearly) on absolute basis
Year Returns 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 Fund Manager information for L&T Tax Advantage Fund
Name Since Tenure S.N. Lahiri 24 Nov 12 6.19 Yr. Data below for L&T Tax Advantage Fund as on 30 Apr 19
Equity Sector Allocation
Sector Value Financial Services 33.77% Technology 12.28% Basic Materials 11.44% Industrials 10.33% Consumer Cyclical 9.99% Health Care 8.29% Energy 4.92% Consumer Defensive 2.69% Communication Services 2.03% Utility 1.02% Asset Allocation
Asset Class Value Cash 2.38% Equity 96.94% Other 0.68% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK6% ₹211 Cr 5,184,600 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK6% ₹208 Cr 897,300 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 09 | TCS4% ₹146 Cr 644,500
↑ 29,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCE4% ₹140 Cr 1,004,100
↑ 23,900 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 May 17 | HDFC3% ₹110 Cr 549,000
↓ -100,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 06 | LT3% ₹102 Cr 753,000 RBL Bank Ltd (Financial Services)
Equity, Since 31 Mar 19 | RBLBANK3% ₹101 Cr 1,490,700
↑ 206,262 Future Retail Ltd (Consumer Cyclical)
Equity, Since 31 Aug 16 | FRETAIL3% ₹100 Cr 2,386,000 Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY3% ₹100 Cr 1,327,000
↓ -89,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 May 17 | 5322153% ₹99 Cr 1,293,000 5. Kotak Tax Saver Scheme
CAGR/Annualized return of 11.7% since its launch. Ranked 19 in ELSS category. . Kotak Tax Saver Scheme
Growth Launch Date 23 Nov 05 NAV (19 Jun 19) ₹44.745 ↓ -0.17 (-0.37 %) Net Assets (Cr) ₹898 on 30 Apr 19 Category Equity - ELSS AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.73 Sharpe Ratio 0.27 Information Ratio -0.05 Alpha Ratio 3.33 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 May 14 ₹10,000 31 May 15 ₹13,965 31 May 16 ₹13,532 31 May 17 ₹17,603 31 May 18 ₹18,354 31 May 19 ₹20,499 Returns for Kotak Tax Saver Scheme
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Jun 19 Duration Returns 1 Month 3.5% 3 Month 3.3% 6 Month 7% 1 Year 10.5% 3 Year 13.7% 5 Year 13.8% 10 Year 15 Year Since launch 11.7% Historical performance (Yearly) on absolute basis
Year Returns 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 Fund Manager information for Kotak Tax Saver Scheme
Name Since Tenure Harsha Upadhyaya 25 Aug 15 3.44 Yr. Data below for Kotak Tax Saver Scheme as on 30 Apr 19
Equity Sector Allocation
Sector Value Financial Services 27.93% Industrials 17.11% Basic Materials 13.58% Technology 10.54% Energy 7.9% Consumer Defensive 7% Consumer Cyclical 6.7% Utility 5.31% Health Care 2.7% Asset Allocation
Asset Class Value Cash 1.18% Equity 98.78% Debt 0% Other 0.05% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE7% ₹65 Cr 464,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK6% ₹56 Cr 240,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK6% ₹54 Cr 1,325,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | 5322156% ₹54 Cr 700,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 18 | TCS4% ₹38 Cr 170,000 Infosys Ltd (Technology)
Equity, Since 31 Dec 05 | INFY4% ₹34 Cr 450,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 14 | LT4% ₹33 Cr 245,000 GlaxoSmithKline Consumer Healthcare Ltd (Consumer Defensive)
Equity, Since 30 Nov 17 | 5006764% ₹33 Cr 45,000 SRF Ltd (Consumer Cyclical)
Equity, Since 30 Apr 16 | SRF3% ₹27 Cr 105,000
↑ 9,778 AU Small Finance Bank Ltd (Financial Services)
Equity, Since 30 Jun 17 | 5406113% ₹25 Cr 395,000 6. HDFC Long Term Advantage Fund
CAGR/Annualized return of 21.5% since its launch. Ranked 23 in ELSS category. . HDFC Long Term Advantage Fund
Growth Launch Date 2 Jan 01 NAV (19 Jun 19) ₹363.529 ↑ 0.40 (0.11 %) Net Assets (Cr) ₹1,461 on 30 Apr 19 Category Equity - ELSS AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.49 Sharpe Ratio 0.2 Information Ratio -0.13 Alpha Ratio -6.36 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 May 14 ₹10,000 31 May 15 ₹11,984 31 May 16 ₹12,313 31 May 17 ₹15,676 31 May 18 ₹17,111 31 May 19 ₹18,864
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 19 Jun 19 Duration Returns 1 Month 2.9% 3 Month 0.9% 6 Month 6.1% 1 Year 8.5% 3 Year 14.2% 5 Year 11.6% 10 Year 15 Year Since launch 21.5% Historical performance (Yearly) on absolute basis
Year Returns 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 Fund Manager information for HDFC Long Term Advantage Fund
Name Since Tenure Chirag Setalvad 2 Apr 07 12 Yr. Amar Kalkundrikar 10 Jan 19 0.22 Yr. Data below for HDFC Long Term Advantage Fund as on 30 Apr 19
Equity Sector Allocation
Sector Value Financial Services 32.62% Industrials 16.26% Energy 12.28% Technology 10.2% Basic Materials 9.98% Consumer Defensive 5.94% Health Care 2.82% Utility 1.94% Consumer Cyclical 1.58% Communication Services 0.89% Asset Allocation
Asset Class Value Cash 4.78% Equity 95.22% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 13 | HDFCBANK10% ₹140 Cr 605,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 05 | RELIANCE10% ₹139 Cr 1,000,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK9% ₹134 Cr 3,300,000 Infosys Ltd (Technology)
Equity, Since 30 Nov 06 | INFY7% ₹109 Cr 1,453,908 ITC Ltd (Consumer Defensive)
Equity, Since 31 Oct 05 | ITC6% ₹85 Cr 2,822,910
↑ 500,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Oct 07 | LT6% ₹82 Cr 607,500 State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN6% ₹81 Cr 2,600,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFC5% ₹80 Cr 400,000 Collateralised Borrowing & Lending Obligation
CBLO | -4% ₹52 Cr Vesuvius India Ltd (Industrials)
Equity, Since 31 Jan 11 | 5201133% ₹45 Cr 400,000 7. Invesco India Tax Plan
CAGR/Annualized return of 13.9% since its launch. Ranked 17 in ELSS category. . Invesco India Tax Plan
Growth Launch Date 29 Dec 06 NAV (19 Jun 19) ₹50.6 ↓ -0.11 (-0.22 %) Net Assets (Cr) ₹839 on 30 Apr 19 Category Equity - ELSS AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.71 Sharpe Ratio -0.09 Information Ratio -0.58 Alpha Ratio -4.47 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 May 14 ₹10,000 31 May 15 ₹14,004 31 May 16 ₹14,067 31 May 17 ₹16,912 31 May 18 ₹19,670 31 May 19 ₹20,373 Returns for Invesco India Tax Plan
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Jun 19 Duration Returns 1 Month 3.2% 3 Month -0.3% 6 Month 2.6% 1 Year 0.7% 3 Year 12.4% 5 Year 13.4% 10 Year 15 Year Since launch 13.9% Historical performance (Yearly) on absolute basis
Year Returns 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 Fund Manager information for Invesco India Tax Plan
Name Since Tenure Amit Ganatra 29 Mar 18 0.85 Yr. Dhimant Kothari 29 Mar 18 0.85 Yr. Data below for Invesco India Tax Plan as on 30 Apr 19
Equity Sector Allocation
Sector Value Financial Services 37.22% Industrials 12.63% Consumer Cyclical 11.13% Technology 9.03% Energy 8.88% Consumer Defensive 5.45% Health Care 4.58% Basic Materials 3.26% Utility 3.02% Asset Allocation
Asset Class Value Cash 4.81% Equity 95.19% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK9% ₹81 Cr 335,081 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 18 | HDFC9% ₹76 Cr 349,481
↑ 8,284 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK6% ₹54 Cr 1,282,785 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 17 | LT6% ₹50 Cr 322,433 Triparty Repo
CBLO/Reverse Repo | -5% ₹48 Cr Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 19 | TCS5% ₹42 Cr 192,270 Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | 5322154% ₹35 Cr 429,970
↑ 18,342 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE3% ₹29 Cr 221,765
↑ 39,790 IndusInd Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | INDUSINDBK3% ₹27 Cr 170,701 Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 30 Apr 19 | 5003123% ₹26 Cr 1,521,952 8. BNP Paribas Long Term Equity Fund (ELSS)
CAGR/Annualized return of 10.5% since its launch. Ranked 22 in ELSS category. . BNP Paribas Long Term Equity Fund (ELSS)
Growth Launch Date 5 Jan 06 NAV (19 Jun 19) ₹38.343 ↓ -0.11 (-0.28 %) Net Assets (Cr) ₹466 on 30 Apr 19 Category Equity - ELSS AMC BNP Paribas Asset Mgmt India Pvt. Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.75 Sharpe Ratio -0.17 Information Ratio -1.21 Alpha Ratio -4.9 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 May 14 ₹10,000 31 May 15 ₹13,983 31 May 16 ₹13,639 31 May 17 ₹15,975 31 May 18 ₹17,240 31 May 19 ₹18,204 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 19 Jun 19 Duration Returns 1 Month 3.9% 3 Month 2.6% 6 Month 5.6% 1 Year 4.9% 3 Year 9.2% 5 Year 10.7% 10 Year 15 Year Since launch 10.5% Historical performance (Yearly) on absolute basis
Year Returns 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 Fund Manager information for BNP Paribas Long Term Equity Fund (ELSS)
Name Since Tenure Abhijeet Dey 16 Nov 16 2.45 Yr. Karthikraj Lakshmanan 7 Oct 16 2.56 Yr. Data below for BNP Paribas Long Term Equity Fund (ELSS) as on 30 Apr 19
Equity Sector Allocation
Sector Value Financial Services 39.69% Industrials 14.01% Consumer Cyclical 11.52% Basic Materials 9.12% Technology 7.9% Consumer Defensive 6.02% Utility 3.93% Energy 2.37% Communication Services 1.54% Health Care 1.03% Asset Allocation
Asset Class Value Cash 4.61% Equity 95.39% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFCBANK10% ₹46 Cr 198,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 12 | ICICIBANK7% ₹34 Cr 825,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322157% ₹33 Cr 435,000 Treps
CBLO/Reverse Repo | -5% ₹21 Cr Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Oct 17 | LT4% ₹17 Cr 125,988 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 18 | TCS3% ₹16 Cr 70,000 Infosys Ltd (Technology)
Equity, Since 31 Mar 09 | INFY3% ₹15 Cr 205,000
↓ -70,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 28 Feb 15 | KOTAKBANK3% ₹14 Cr 100,000
↓ -30,000 Gujarat Gas Ltd (Utilities)
Equity, Since 31 Mar 17 | 5393363% ₹14 Cr 850,000
↑ 100,000 Asian Paints Ltd (Basic Materials)
Equity, Since 31 Oct 14 | 5008203% ₹13 Cr 90,000 9. Sundaram Diversified Equity Fund
CAGR/Annualized return of 16.6% since its launch. Ranked 14 in ELSS category. . Sundaram Diversified Equity Fund
Growth Launch Date 22 Nov 99 NAV (19 Jun 19) ₹101.276 ↓ -0.44 (-0.44 %) Net Assets (Cr) ₹2,712 on 30 Apr 19 Category Equity - ELSS AMC Sundaram Asset Management Company Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.61 Sharpe Ratio -0.47 Information Ratio -0.63 Alpha Ratio -10.24 Min Investment 500 Min SIP Investment 250 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 May 14 ₹10,000 31 May 15 ₹12,867 31 May 16 ₹13,065 31 May 17 ₹16,874 31 May 18 ₹18,196 31 May 19 ₹18,415 Returns for Sundaram Diversified Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Jun 19 Duration Returns 1 Month 1.9% 3 Month 0.7% 6 Month 4.3% 1 Year -0.8% 3 Year 10% 5 Year 11.2% 10 Year 15 Year Since launch 16.6% Historical performance (Yearly) on absolute basis
Year Returns 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 Fund Manager information for Sundaram Diversified Equity Fund
Name Since Tenure S Krishnakumar 1 Apr 15 4.17 Yr. Dwijendra Srivastava 30 Dec 17 1.42 Yr. Rohit Seksaria 30 Dec 17 1.42 Yr. Rahul Ranjan 1 Apr 19 0.16 Yr. Data below for Sundaram Diversified Equity Fund as on 30 Apr 19
Equity Sector Allocation
Sector Value Financial Services 33.96% Industrials 14.58% Consumer Cyclical 12.36% Basic Materials 11.45% Technology 9.12% Consumer Defensive 6.81% Energy 4.51% Health Care 2.09% Asset Allocation
Asset Class Value Cash 5.11% Equity 94.89% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 11 | ICICIBANK6% ₹161 Cr 3,947,721
↓ -225,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | HDFCBANK5% ₹145 Cr 625,597 Treps
CBLO/Reverse Repo | -5% ₹137 Cr Axis Bank Ltd (Financial Services)
Equity, Since 31 May 18 | 5322155% ₹126 Cr 1,641,415 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Oct 12 | 5000345% ₹124 Cr 401,460 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 12 | RELIANCE5% ₹122 Cr 879,095 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 May 18 | LT4% ₹107 Cr 792,788
↑ 402,199 Ramco Cements Ltd (Basic Materials)
Equity, Since 31 Mar 12 | RAMCOCEM3% ₹83 Cr 1,070,287 State Bank of India (Financial Services)
Equity, Since 31 Oct 17 | SBIN3% ₹82 Cr 2,660,935
↓ -818,586 Tech Mahindra Ltd (Technology)
Equity, Since 31 Jul 18 | 5327553% ₹75 Cr 901,571
↓ -41,070 10. IDBI Equity Advantage Fund
CAGR/Annualized return of since its launch. Ranked 21 in ELSS category. . IDBI Equity Advantage Fund
Growth Launch Date 10 Sep 13 NAV (19 Jun 19) ₹25.54 ↓ -0.05 (-0.20 %) Net Assets (Cr) ₹592 on 30 Apr 19 Category Equity - ELSS AMC IDBI Asset Management Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.86 Sharpe Ratio -0.67 Information Ratio -0.73 Alpha Ratio -12.96 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 May 14 ₹10,000 31 May 15 ₹15,672 31 May 16 ₹15,359 31 May 17 ₹18,107 31 May 18 ₹21,099 31 May 19 ₹20,015 Returns for IDBI Equity Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Jun 19 Duration Returns 1 Month 1.2% 3 Month -0.8% 6 Month -4.9% 1 Year -5.7% 3 Year 8.4% 5 Year 12.8% 10 Year 15 Year Since launch Historical performance (Yearly) on absolute basis
Year Returns 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 Fund Manager information for IDBI Equity Advantage Fund
Name Since Tenure Uma Venkatraman 1 Jul 18 0.59 Yr. Ayushi Sethia 9 Oct 18 0.31 Yr. Data below for IDBI Equity Advantage Fund as on 30 Apr 19
Equity Sector Allocation
Sector Value Consumer Cyclical 31.08% Financial Services 23.1% Consumer Defensive 18.1% Basic Materials 11.72% Industrials 11.12% Health Care 3.32% Asset Allocation
Asset Class Value Cash 1.57% Equity 98.43% Debt 0.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 30 Nov 13 | CHOLAFIN7% ₹42 Cr 303,565
↓ -4,925 Page Industries Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 5328276% ₹36 Cr 15,670
↓ -299 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 13 | KOTAKBANK6% ₹33 Cr 241,141
↓ -5,333 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 31 Jan 14 | 5323436% ₹33 Cr 671,959
↓ -14,383 Pidilite Industries Ltd (Basic Materials)
Equity, Since 30 Sep 13 | PIDILITIND5% ₹32 Cr 262,235
↓ -5,711 GRUH Finance Ltd (Financial Services)
Equity, Since 30 Sep 13 | 5112885% ₹31 Cr 985,232
↓ -25,264 VST Industries Ltd (Consumer Defensive)
Equity, Since 30 Sep 13 | 5099665% ₹30 Cr 86,262
↓ -2,080 Asian Paints Ltd (Basic Materials)
Equity, Since 30 Sep 13 | 5008205% ₹28 Cr 189,407
↓ -4,886 Bata India Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 5000435% ₹28 Cr 190,489
↓ -5,106 Eicher Motors Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | EICHERMOT4% ₹26 Cr 12,688
↓ -349 11. BOI AXA Tax Advantage Fund
CAGR/Annualized return of 17% since its launch. Ranked 13 in ELSS category. . BOI AXA Tax Advantage Fund
Growth Launch Date 25 Feb 09 NAV (19 Jun 19) ₹50.68 ↓ -0.07 (-0.14 %) Net Assets (Cr) ₹223 on 30 Apr 19 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 3.38 Sharpe Ratio -0.85 Information Ratio -0.45 Alpha Ratio -17.96 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 May 14 ₹10,000 31 May 15 ₹12,892 31 May 16 ₹12,291 31 May 17 ₹15,018 31 May 18 ₹18,980 31 May 19 ₹17,477 Returns for BOI AXA Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Jun 19 Duration Returns 1 Month 3.3% 3 Month 2.3% 6 Month 3.9% 1 Year -7.7% 3 Year 11.2% 5 Year 10.3% 10 Year 15 Year Since launch 17% Historical performance (Yearly) on absolute basis
Year Returns 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 Fund Manager information for BOI AXA Tax Advantage Fund
Name Since Tenure Saurabh Kataria 29 Jun 13 5.6 Yr. Data below for BOI AXA Tax Advantage Fund as on 30 Apr 19
Equity Sector Allocation
Sector Value Financial Services 34.32% Basic Materials 14.94% Industrials 13.26% Consumer Cyclical 12.54% Technology 7.71% Health Care 5.71% Consumer Defensive 4.9% Energy 3.41% Utility 1.59% Asset Allocation
Asset Class Value Cash 1.63% Equity 98.37% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 18 | 5000346% ₹13 Cr 38,500 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK6% ₹13 Cr 55,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK5% ₹13 Cr 300,000
↑ 80,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 18 | 5322155% ₹13 Cr 155,000
↑ 15,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | KOTAKBANK4% ₹8 Cr 55,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE3% ₹8 Cr 60,000
↑ 25,000 Vinati Organics Ltd (Basic Materials)
Equity, Since 30 Apr 17 | 5242003% ₹7 Cr 31,801
↓ -3,199 Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 18 | DIVISLAB3% ₹6 Cr 40,000
↑ 5,000 Hero MotoCorp Ltd (Consumer Cyclical)
Equity, Since 31 Mar 19 | HEROMOTOCO3% ₹6 Cr 23,500
↑ 3,500 Aarti Industries Ltd (Basic Materials)
Equity, Since 31 Aug 14 | 5242083% ₹6 Cr 32,000
↓ -7,000
ELSS SIP Calculator
Know Your SIP Returns
Investment Modes in ELSS
SIP (Systematic Investment Plan) in ELSS
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.
Lumpsum Investment in ELSS
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).
Tips to Invest in Best Tax Saving ELSS Funds
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.
How to Invest in ELSS Funds Online?
Open Free Investment Account for Lifetime at Fincash.com
Complete your Registration and KYC Process
Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!
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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Nice article. Highly recommended for guys who are looking to save tax under section 80c.