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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
- DSP BlackRock Tax Saver Fund
- Principal Tax Savings Fund
- L&T Tax Advantage Fund
- Kotak Tax Saver Scheme
- Invesco India Tax Plan
- HDFC Long Term Advantage Fund
- IDBI Equity Advantage Fund
- BNP Paribas Long Term Equity Fund (ELSS)
- Sundaram Diversified Equity 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 ₹18.1907
↑ 0.13 ₹1,598 7.1 12.7 2.7 14.9 -8.4 IDFC Tax Advantage (ELSS) Fund Growth ₹56.91
↑ 0.40 ₹1,741 7.1 8 -4 15.7 17 -9.4 DSP BlackRock Tax Saver Fund Growth ₹48.715
↑ 0.47 ₹4,740 8.2 13.1 5 15.1 17.8 -7.6 Principal Tax Savings Fund Growth ₹212.45
↑ 1.33 ₹371 5.1 7.7 -1.6 16 16.6 -9.2 L&T Tax Advantage Fund Growth ₹54.105
↑ 0.39 ₹3,074 3.2 2.3 -4.1 14.2 15.3 -8.1 Kotak Tax Saver Scheme Growth ₹44.473
↑ 0.45 ₹791 7.1 11.8 8.1 14.8 17.4 -3.8 Invesco India Tax Plan Growth ₹51.43
↑ 0.42 ₹712 5.3 7.1 3.9 14.4 17.5 -1.3 HDFC Long Term Advantage Fund Growth ₹363.41
↑ 1.95 ₹1,425 5.9 11.3 6.9 16.4 15.4 -3.9 IDBI Equity Advantage Fund Growth ₹26.53
↑ 0.14 ₹587 3 6.4 -3.3 10.1 17.2 -1.7 BNP Paribas Long Term Equity Fund (ELSS) Growth ₹38.185
↑ 0.37 ₹442 5.6 11.2 1.7 10 14.8 -9.3 Sundaram Diversified Equity Fund Growth ₹102.401
↑ 0.54 ₹2,547 6.6 9.4 -1.5 12.6 14.8 -10.6 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 16 Apr 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 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 Below is the key information for DSP BlackRock Tax Saver 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 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 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 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 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 1. Tata India Tax Savings Fund
CAGR/Annualized return of 14.2% since its launch. Ranked 1 in ELSS category. Return for 2018 was -8.4% , 2017 was 46% and 2016 was 2.1% . Tata India Tax Savings Fund
Growth Launch Date 13 Oct 14 NAV (16 Apr 19) ₹18.1907 ↑ 0.13 (0.73 %) Net Assets (Cr) ₹1,598 on 28 Feb 19 Category Equity - ELSS AMC Tata Asset Management Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.61 Sharpe Ratio -0.38 Information Ratio -0.08 Alpha Ratio -10.52 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 15 ₹11,474 31 Mar 16 ₹11,262 31 Mar 17 ₹14,225 31 Mar 18 ₹16,229 31 Mar 19 ₹17,523 Returns for Tata India Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 19 Duration Returns 1 Month 2.1% 3 Month 7.1% 6 Month 12.7% 1 Year 2.7% 3 Year 14.9% 5 Year 10 Year 15 Year Since launch 14.2% Historical performance (Yearly) on absolute basis
Year Returns 2018 -8.4% 2017 46% 2016 2.1% 2015 13.3% 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 28 Feb 19
Equity Sector Allocation
Sector Value Financial Services 41.11% Consumer Cyclical 11.27% Consumer Defensive 9.94% Technology 9.89% Industrials 9.88% Health Care 4.86% Energy 3.85% Basic Materials 2.98% Real Estate 0.71% Asset Allocation
Asset Class Value Cash 5.5% Equity 94.5% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK9% ₹161 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% ₹125 Cr 1,680,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322157% ₹117 Cr 1,500,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN6% ₹99 Cr 3,100,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE4% ₹68 Cr 500,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 15 | KOTAKBANK4% ₹66 Cr 495,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC3% ₹61 Cr 310,000 ITC Ltd (Consumer Defensive)
Equity, Since 30 Sep 16 | ITC3% ₹56 Cr 1,900,000 Havells India Ltd (Industrials)
Equity, Since 31 Aug 17 | 5173543% ₹51 Cr 656,000 2. IDFC Tax Advantage (ELSS) Fund
CAGR/Annualized return of 18.4% since its launch. Ranked 3 in ELSS category. Return for 2018 was -9.4% , 2017 was 53.4% and 2016 was 0.4% . IDFC Tax Advantage (ELSS) Fund
Growth Launch Date 26 Dec 08 NAV (16 Apr 19) ₹56.91 ↑ 0.40 (0.71 %) Net Assets (Cr) ₹1,741 on 28 Feb 19 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.74 Sharpe Ratio -0.96 Information Ratio -0.07 Alpha Ratio -12.71 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 14 ₹10,000 31 Mar 15 ₹15,445 31 Mar 16 ₹13,889 31 Mar 17 ₹17,705 31 Mar 18 ₹21,674 31 Mar 19 ₹21,875 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 19 Duration Returns 1 Month 2.1% 3 Month 7.1% 6 Month 8% 1 Year -4% 3 Year 15.7% 5 Year 17% 10 Year 15 Year Since launch 18.4% Historical performance (Yearly) on absolute basis
Year Returns 2018 -9.4% 2017 53.4% 2016 0.4% 2015 6.9% 2014 42.2% 2013 15% 2012 36.2% 2011 -23.3% 2010 24% 2009 70.8% Fund Manager information for IDFC Tax Advantage (ELSS) Fund
Name Since Tenure Daylynn Pinto 20 Oct 16 2.28 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 28 Feb 19
Equity Sector Allocation
Sector Value Financial Services 27.53% Consumer Cyclical 15.25% Basic Materials 11.55% Industrials 10.1% Technology 8.39% Health Care 6.34% Energy 6.05% Consumer Defensive 3.51% Utility 3.4% Asset Allocation
Asset Class Value Cash 6.87% Equity 92.72% Other 0.4% Top Securities Holdings / Portfolio
Name Holding Value Quantity Triparty Repo
CBLO/Reverse Repo | -6% ₹126 Cr ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK6% ₹124 Cr 3,100,000
↑ 100,000 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% ₹80 Cr 2,500,000
↑ 100,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE4% ₹75 Cr 550,000 Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 18 | 5322154% ₹72 Cr 925,000
↑ 25,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY3% ₹67 Cr 900,000
↓ -50,000 RBL Bank Ltd (Financial Services)
Equity, Since 31 Aug 16 | RBLBANK3% ₹54 Cr 800,000 Future Retail Ltd (Consumer Cyclical)
Equity, Since 31 Aug 16 | FRETAIL3% ₹52 Cr 1,140,000
↑ 98,246 Nestle India Ltd (Consumer Defensive)
Equity, Since 28 Feb 18 | NESTLEIND2% ₹37 Cr 34,000
↑ 4,000 3. DSP BlackRock Tax Saver Fund
CAGR/Annualized return of 13.8% since its launch. Ranked 12 in ELSS category. Return for 2018 was -7.6% , 2017 was 36.3% and 2016 was 11.3% . DSP BlackRock Tax Saver Fund
Growth Launch Date 18 Jan 07 NAV (16 Apr 19) ₹48.715 ↑ 0.47 (0.98 %) Net Assets (Cr) ₹4,740 on 28 Feb 19 Category Equity - ELSS AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.47 Sharpe Ratio -0.41 Information Ratio -0.05 Alpha Ratio -2.17 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 14 ₹10,000 31 Mar 15 ₹15,032 31 Mar 16 ₹14,634 31 Mar 17 ₹19,123 31 Mar 18 ₹20,814 31 Mar 19 ₹22,566 Returns for DSP BlackRock Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 19 Duration Returns 1 Month 3.1% 3 Month 8.2% 6 Month 13.1% 1 Year 5% 3 Year 15.1% 5 Year 17.8% 10 Year 15 Year Since launch 13.8% Historical performance (Yearly) on absolute basis
Year Returns 2018 -7.6% 2017 36.3% 2016 11.3% 2015 4.4% 2014 52.2% 2013 6.7% 2012 39.8% 2011 -26.7% 2010 23.3% 2009 84.2% Fund Manager information for DSP BlackRock Tax Saver Fund
Name Since Tenure Rohit Singhania 16 Jul 15 3.55 Yr. Data below for DSP BlackRock Tax Saver Fund as on 28 Feb 19
Equity Sector Allocation
Sector Value Financial Services 36.6% Basic Materials 12.08% Technology 9.07% Health Care 8.35% Industrials 8.33% Energy 6.05% Consumer Cyclical 5.7% Consumer Defensive 4.95% Utility 2.72% Real Estate 1.4% Asset Allocation
Asset Class Value Cash 4.76% Equity 95.24% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK9% ₹493 Cr 12,319,427
↑ 268,167 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK8% ₹452 Cr 1,950,336
↑ 111,923 Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 5322155% ₹247 Cr 3,173,488
↑ 275,459 Treps / Reverse Repo Investments / Corporate Debt Repo
CBLO/Reverse Repo | -4% ₹224 Cr State Bank of India (Financial Services)
Equity, Since 30 Jun 08 | SBIN4% ₹207 Cr 6,468,491
↑ 1,457,666 Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 16 | LT4% ₹193 Cr 1,396,352
↑ 170,434 Asian Paints Ltd (Basic Materials)
Equity, Since 31 Jul 16 | 5008203% ₹147 Cr 981,452
↑ 103,065 Bharat Financial Inclusion Ltd (Financial Services)
Equity, Since 31 Aug 17 | BHARATFIN3% ₹146 Cr 1,293,806
↑ 290,857 Aurobindo Pharma Ltd (Healthcare)
Equity, Since 30 Sep 18 | AUROPHARMA3% ₹137 Cr 1,748,854
↑ 201,728 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 28 Feb 17 | KOTAKBANK2% ₹135 Cr 1,013,798
↓ -80,596 4. Principal Tax Savings Fund
CAGR/Annualized return of 16.2% since its launch. Ranked 8 in ELSS category. Return for 2018 was -9.2% , 2017 was 48.8% and 2016 was 6.2% . Principal Tax Savings Fund
Growth Launch Date 31 Mar 96 NAV (16 Apr 19) ₹212.45 ↑ 1.33 (0.63 %) Net Assets (Cr) ₹371 on 28 Feb 19 Category Equity - ELSS AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.88 Sharpe Ratio -0.72 Information Ratio 0.28 Alpha Ratio -7.76 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 14 ₹10,000 31 Mar 15 ₹14,275 31 Mar 16 ₹13,486 31 Mar 17 ₹17,948 31 Mar 18 ₹20,892 31 Mar 19 ₹21,402 Returns for Principal Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 19 Duration Returns 1 Month 3% 3 Month 5.1% 6 Month 7.7% 1 Year -1.6% 3 Year 16% 5 Year 16.6% 10 Year 15 Year Since launch 16.2% Historical performance (Yearly) on absolute basis
Year Returns 2018 -9.2% 2017 48.8% 2016 6.2% 2015 2.7% 2014 49.4% 2013 8.5% 2012 46.5% 2011 -30.4% 2010 15% 2009 64.7% 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 28 Feb 19
Equity Sector Allocation
Sector Value Financial Services 30.63% Consumer Defensive 13.09% Basic Materials 10.98% Technology 10.27% Consumer Cyclical 8.81% Industrials 8.34% Utility 5.59% Energy 4.49% Health Care 4.34% Communication Services 1.33% Asset Allocation
Asset Class Value Cash 2.13% Equity 97.87% 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% ₹20 Cr 509,143 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 08 | RELIANCE4% ₹18 Cr 134,452 State Bank of India (Financial Services)
Equity, Since 30 Apr 05 | SBIN4% ₹15 Cr 479,851
↑ 110,000 ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC3% ₹14 Cr 455,396 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 14 | TCS3% ₹13 Cr 66,040
↓ -2,600 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% ₹12 Cr 1,582,240
↑ 140,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 13 | LT3% ₹11 Cr 77,262 Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY2% ₹10 Cr 136,594
↓ -9,000 5. L&T Tax Advantage Fund
CAGR/Annualized return of 13.7% since its launch. Ranked 7 in ELSS category. Return for 2018 was -8.1% , 2017 was 42.3% and 2016 was 8.1% . L&T Tax Advantage Fund
Growth Launch Date 27 Feb 06 NAV (16 Apr 19) ₹54.105 ↑ 0.39 (0.73 %) Net Assets (Cr) ₹3,074 on 28 Feb 19 Category Equity - ELSS AMC L&T Investment Management Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.61 Sharpe Ratio -1.02 Information Ratio -0.35 Alpha Ratio -12.9 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 14 ₹10,000 31 Mar 15 ₹13,955 31 Mar 16 ₹13,355 31 Mar 17 ₹17,420 31 Mar 18 ₹20,195 31 Mar 19 ₹20,099 Returns for L&T Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 19 Duration Returns 1 Month 2.3% 3 Month 3.2% 6 Month 2.3% 1 Year -4.1% 3 Year 14.2% 5 Year 15.3% 10 Year 15 Year Since launch 13.7% Historical performance (Yearly) on absolute basis
Year Returns 2018 -8.1% 2017 42.3% 2016 8.1% 2015 2.9% 2014 44.8% 2013 6.8% 2012 27.4% 2011 -21.8% 2010 29.2% 2009 86.7% 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 28 Feb 19
Equity Sector Allocation
Sector Value Financial Services 33.74% Technology 12.67% Basic Materials 11.7% Industrials 10.88% Consumer Cyclical 10.42% Health Care 8.03% Energy 4.74% Consumer Defensive 2.64% Communication Services 2.1% Utility 0.99% Asset Allocation
Asset Class Value Cash 2.34% Equity 97.92% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK6% ₹208 Cr 897,300 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK6% ₹208 Cr 5,184,600
↑ 526,400 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCE4% ₹134 Cr 980,200 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 May 17 | HDFC4% ₹128 Cr 649,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 09 | TCS4% ₹123 Cr 615,500 Future Retail Ltd (Consumer Cyclical)
Equity, Since 31 Aug 16 | FRETAIL3% ₹108 Cr 2,386,000 Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY3% ₹105 Cr 1,416,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 06 | LT3% ₹104 Cr 753,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 May 17 | 5322153% ₹100 Cr 1,293,000 State Bank of India (Financial Services)
Equity, Since 31 Jan 19 | SBIN3% ₹95 Cr 2,948,600
↑ 317,400 6. Kotak Tax Saver Scheme
CAGR/Annualized return of 11.8% since its launch. Ranked 19 in ELSS category. Return for 2018 was -3.8% , 2017 was 33.8% and 2016 was 7.5% . Kotak Tax Saver Scheme
Growth Launch Date 23 Nov 05 NAV (16 Apr 19) ₹44.473 ↑ 0.45 (1.01 %) Net Assets (Cr) ₹791 on 28 Feb 19 Category Equity - ELSS AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.73 Sharpe Ratio -0.18 Information Ratio -0.14 Alpha Ratio 1.36 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 14 ₹10,000 31 Mar 15 ₹15,702 31 Mar 16 ₹14,444 31 Mar 17 ₹18,745 31 Mar 18 ₹19,917 31 Mar 19 ₹21,945 Returns for Kotak Tax Saver Scheme
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 19 Duration Returns 1 Month 3% 3 Month 7.1% 6 Month 11.8% 1 Year 8.1% 3 Year 14.8% 5 Year 17.4% 10 Year 15 Year Since launch 11.8% Historical performance (Yearly) on absolute basis
Year Returns 2018 -3.8% 2017 33.8% 2016 7.5% 2015 1.5% 2014 56.6% 2013 -6.3% 2012 36.2% 2011 -26% 2010 19.9% 2009 75% 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 28 Feb 19
Equity Sector Allocation
Sector Value Financial Services 29.59% Industrials 15.57% Basic Materials 12.9% Technology 10.15% Energy 7.86% Consumer Defensive 7.21% Consumer Cyclical 6.25% Utility 4.11% Health Care 2.7% Asset Allocation
Asset Class Value Cash 3.61% Equity 96.34% Debt 0% Other 0.05% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE7% ₹63 Cr 464,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK6% ₹56 Cr 240,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | 5322156% ₹54 Cr 700,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK6% ₹53 Cr 1,325,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 18 | TCS4% ₹34 Cr 170,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 14 | LT4% ₹34 Cr 245,000 Infosys Ltd (Technology)
Equity, Since 31 Dec 05 | INFY4% ₹33 Cr 450,000 GlaxoSmithKline Consumer Healthcare Ltd (Consumer Defensive)
Equity, Since 30 Nov 17 | 5006764% ₹33 Cr 45,000 Bharat Financial Inclusion Ltd (Financial Services)
Equity, Since 30 Jun 18 | BHARATFIN3% ₹25 Cr 219,090 Triparty Repo
CBLO/Reverse Repo | -3% ₹24 Cr 7. Invesco India Tax Plan
CAGR/Annualized return of 14.2% since its launch. Ranked 17 in ELSS category. Return for 2018 was -1.3% , 2017 was 35.7% and 2016 was 3.4% . Invesco India Tax Plan
Growth Launch Date 29 Dec 06 NAV (16 Apr 19) ₹51.43 ↑ 0.42 (0.82 %) Net Assets (Cr) ₹712 on 28 Feb 19 Category Equity - ELSS AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.71 Sharpe Ratio -0.27 Information Ratio -0.4 Alpha Ratio -2.55 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 14 ₹10,000 31 Mar 15 ₹15,553 31 Mar 16 ₹14,598 31 Mar 17 ₹17,651 31 Mar 18 ₹20,393 31 Mar 19 ₹22,250 Returns for Invesco India Tax Plan
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 19 Duration Returns 1 Month 1.9% 3 Month 5.3% 6 Month 7.1% 1 Year 3.9% 3 Year 14.4% 5 Year 17.5% 10 Year 15 Year Since launch 14.2% Historical performance (Yearly) on absolute basis
Year Returns 2018 -1.3% 2017 35.7% 2016 3.4% 2015 5.8% 2014 54.3% 2013 10.1% 2012 30.3% 2011 -18.9% 2010 22.1% 2009 83.5% 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 28 Feb 19
Equity Sector Allocation
Sector Value Financial Services 34.29% Consumer Cyclical 13.19% Industrials 11.62% Technology 10.07% Energy 9.01% Consumer Defensive 5.3% Health Care 4.72% Basic Materials 3.2% Utility 3.07% Asset Allocation
Asset Class Value Cash 5.51% Equity 94.49% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK9% ₹75 Cr 322,193
↑ 31,385 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE7% ₹58 Cr 423,645 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 18 | HDFC6% ₹54 Cr 275,058
↑ 38,384 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK6% ₹49 Cr 1,218,376 Infosys Ltd (Technology)
Equity, Since 30 Jun 15 | INFY5% ₹42 Cr 569,266
↑ 28,033 Triparty Repo
CBLO/Reverse Repo | -5% ₹40 Cr Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 17 | LT4% ₹33 Cr 237,469
↑ 23,333 IndusInd Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | INDUSINDBK4% ₹30 Cr 170,701
↓ -21,574 Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | 5322153% ₹27 Cr 342,578 VIP Industries Ltd (Consumer Cyclical)
Equity, Since 30 Nov 12 | 5078803% ₹24 Cr 492,137 8. HDFC Long Term Advantage Fund
CAGR/Annualized return of 21.7% since its launch. Ranked 23 in ELSS category. Return for 2018 was -3.9% , 2017 was 36.2% and 2016 was 13% . HDFC Long Term Advantage Fund
Growth Launch Date 2 Jan 01 NAV (16 Apr 19) ₹363.41 ↑ 1.95 (0.54 %) Net Assets (Cr) ₹1,425 on 28 Feb 19 Category Equity - ELSS AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.49 Sharpe Ratio -0.32 Information Ratio 0.21 Alpha Ratio -7.8 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 14 ₹10,000 31 Mar 15 ₹13,436 31 Mar 16 ₹12,776 31 Mar 17 ₹16,620 31 Mar 18 ₹18,518 31 Mar 19 ₹20,533
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 16 Apr 19 Duration Returns 1 Month 1.5% 3 Month 5.9% 6 Month 11.3% 1 Year 6.9% 3 Year 16.4% 5 Year 15.4% 10 Year 15 Year Since launch 21.7% Historical performance (Yearly) on absolute basis
Year Returns 2018 -3.9% 2017 36.2% 2016 13% 2015 -2.4% 2014 44.7% 2013 11% 2012 28.8% 2011 -23.5% 2010 28.4% 2009 88.9% Fund Manager information for HDFC Long Term Advantage Fund
Name Since Tenure Chirag Setalvad 2 Apr 07 11.84 Yr. Amar Kalkundrikar 10 Jan 19 0.06 Yr. Data below for HDFC Long Term Advantage Fund as on 28 Feb 19
Equity Sector Allocation
Sector Value Financial Services 32.16% Industrials 17.71% Energy 12.65% Basic Materials 10.42% Technology 9.98% Health Care 4.81% Consumer Defensive 4.77% Consumer Cyclical 3.61% Utility 2.03% Communication Services 0.91% Asset Allocation
Asset Class Value Cash 0.94% Equity 99.06% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 13 | HDFCBANK9% ₹140 Cr 605,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 05 | RELIANCE9% ₹136 Cr 1,000,000
↓ -80,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK9% ₹132 Cr 3,300,000 Infosys Ltd (Technology)
Equity, Since 30 Nov 06 | INFY7% ₹108 Cr 1,453,908 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Oct 07 | LT6% ₹84 Cr 607,500 State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN6% ₹83 Cr 2,600,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFC5% ₹79 Cr 400,000 ITC Ltd (Consumer Defensive)
Equity, Since 31 Oct 05 | ITC5% ₹69 Cr 2,322,910 Carborundum Universal Ltd (Basic Materials)
Equity, Since 30 Jun 03 | 5133753% ₹50 Cr 1,229,000 Bharat Petroleum Corp Ltd (Energy)
Equity, Since 30 Sep 12 | 5005473% ₹49 Cr 1,234,548 9. IDBI Equity Advantage Fund
CAGR/Annualized return of since its launch. Ranked 21 in ELSS category. Return for 2018 was -1.7% , 2017 was 35.3% and 2016 was 0% . IDBI Equity Advantage Fund
Growth Launch Date 10 Sep 13 NAV (16 Apr 19) ₹26.53 ↑ 0.14 (0.53 %) Net Assets (Cr) ₹587 on 28 Feb 19 Category Equity - ELSS AMC IDBI Asset Management Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.86 Sharpe Ratio -0.51 Information Ratio -0.74 Alpha Ratio -7.14 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 14 ₹10,000 31 Mar 15 ₹17,043 31 Mar 16 ₹16,021 31 Mar 17 ₹18,781 31 Mar 18 ₹21,351 31 Mar 19 ₹21,573 Returns for IDBI Equity Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 19 Duration Returns 1 Month 2.4% 3 Month 3% 6 Month 6.4% 1 Year -3.3% 3 Year 10.1% 5 Year 17.2% 10 Year 15 Year Since launch Historical performance (Yearly) on absolute basis
Year Returns 2018 -1.7% 2017 35.3% 2016 0% 2015 3.1% 2014 71.2% 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 28 Feb 19
Equity Sector Allocation
Sector Value Consumer Cyclical 31.7% Financial Services 22.66% Consumer Defensive 18.22% Basic Materials 11.98% Industrials 10.95% Health Care 3.35% Asset Allocation
Asset Class Value Cash 1.14% Equity 98.85% 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% ₹45 Cr 308,490 Page Industries Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 5328277% ₹40 Cr 15,969 Pidilite Industries Ltd (Basic Materials)
Equity, Since 30 Sep 13 | PIDILITIND5% ₹33 Cr 267,946
↓ -20,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 13 | KOTAKBANK5% ₹33 Cr 246,474 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 31 Jan 14 | 5323435% ₹32 Cr 686,342 VST Industries Ltd (Consumer Defensive)
Equity, Since 30 Sep 13 | 5099665% ₹31 Cr 88,342 Asian Paints Ltd (Basic Materials)
Equity, Since 30 Sep 13 | 5008205% ₹29 Cr 194,293 MRF Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 5002905% ₹29 Cr 4,950 GRUH Finance Ltd (Financial Services)
Equity, Since 30 Sep 13 | 5112885% ₹28 Cr 1,010,496 Bata India Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 5000434% ₹27 Cr 195,595 10. BNP Paribas Long Term Equity Fund (ELSS)
CAGR/Annualized return of 10.6% since its launch. Ranked 22 in ELSS category. Return for 2018 was -9.3% , 2017 was 42.3% and 2016 was -6.6% . BNP Paribas Long Term Equity Fund (ELSS)
Growth Launch Date 5 Jan 06 NAV (16 Apr 19) ₹38.185 ↑ 0.37 (0.97 %) Net Assets (Cr) ₹442 on 28 Feb 19 Category Equity - ELSS AMC BNP Paribas Asset Mgmt India Pvt. Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.75 Sharpe Ratio -0.51 Information Ratio -1.15 Alpha Ratio -5.45 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 14 ₹10,000 31 Mar 15 ₹15,673 31 Mar 16 ₹14,574 31 Mar 17 ₹16,787 31 Mar 18 ₹18,554 31 Mar 19 ₹19,487 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 16 Apr 19 Duration Returns 1 Month 2.7% 3 Month 5.6% 6 Month 11.2% 1 Year 1.7% 3 Year 10% 5 Year 14.8% 10 Year 15 Year Since launch 10.6% Historical performance (Yearly) on absolute basis
Year Returns 2018 -9.3% 2017 42.3% 2016 -6.6% 2015 7.7% 2014 53% 2013 7.7% 2012 34.3% 2011 -15% 2010 14.9% 2009 70.2% Fund Manager information for BNP Paribas Long Term Equity Fund (ELSS)
Name Since Tenure Abhijeet Dey 16 Nov 16 2.21 Yr. Karthikraj Lakshmanan 7 Oct 16 2.32 Yr. Data below for BNP Paribas Long Term Equity Fund (ELSS) as on 28 Feb 19
Equity Sector Allocation
Sector Value Financial Services 40.85% Consumer Cyclical 14.13% Industrials 12.74% Technology 10.28% Consumer Defensive 7.09% Basic Materials 5.12% Energy 2.62% Utility 2.38% Health Care 1.55% Asset Allocation
Asset Class Value Cash 3.24% Equity 96.76% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFCBANK10% ₹46 Cr 198,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322157% ₹34 Cr 435,000
↑ 30,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 12 | ICICIBANK7% ₹33 Cr 825,000 Infosys Ltd (Technology)
Equity, Since 31 Mar 09 | INFY4% ₹20 Cr 275,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Oct 17 | LT4% ₹17 Cr 125,988 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 28 Feb 15 | KOTAKBANK4% ₹17 Cr 130,000 BNP Paribas Liquid Dir Gr
Investment Fund | -3% ₹15 Cr 52,270
↑ 52,270 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 18 | TCS3% ₹14 Cr 70,000
↓ -27,500 ITC Ltd (Consumer Defensive)
Equity, Since 28 Feb 18 | ITC3% ₹14 Cr 470,000
↓ -50,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Jul 18 | HDFC3% ₹14 Cr 70,000 11. Sundaram Diversified Equity Fund
CAGR/Annualized return of 16.8% since its launch. Ranked 14 in ELSS category. Return for 2018 was -10.6% , 2017 was 38.4% and 2016 was 6.8% . Sundaram Diversified Equity Fund
Growth Launch Date 22 Nov 99 NAV (16 Apr 19) ₹102.401 ↑ 0.54 (0.53 %) Net Assets (Cr) ₹2,547 on 28 Feb 19 Category Equity - ELSS AMC Sundaram Asset Management Company Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.61 Sharpe Ratio -0.7 Information Ratio -0.32 Alpha Ratio -9.71 Min Investment 500 Min SIP Investment 250 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 14 ₹10,000 31 Mar 15 ₹14,327 31 Mar 16 ₹13,587 31 Mar 17 ₹17,545 31 Mar 18 ₹19,335 31 Mar 19 ₹19,837 Returns for Sundaram Diversified Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 19 Duration Returns 1 Month 2.6% 3 Month 6.6% 6 Month 9.4% 1 Year -1.5% 3 Year 12.6% 5 Year 14.8% 10 Year 15 Year Since launch 16.8% Historical performance (Yearly) on absolute basis
Year Returns 2018 -10.6% 2017 38.4% 2016 6.8% 2015 3.1% 2014 45.7% 2013 1.4% 2012 34.5% 2011 -25.4% 2010 13.1% 2009 72% Fund Manager information for Sundaram Diversified Equity Fund
Name Since Tenure S Krishnakumar 1 Apr 15 4 Yr. Dwijendra Srivastava 30 Dec 17 1.25 Yr. Rohit Seksaria 30 Dec 17 1.25 Yr. Rahul Ranjan 1 Apr 19 0 Yr. Data below for Sundaram Diversified Equity Fund as on 28 Feb 19
Equity Sector Allocation
Sector Value Financial Services 35.12% Industrials 12.51% Consumer Cyclical 11.76% Basic Materials 11.22% Technology 9.4% Consumer Defensive 6.57% Health Care 4.86% Energy 4.42% Utility 0.97% Asset Allocation
Asset Class Value Cash 3.16% Equity 96.84% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 11 | ICICIBANK6% ₹167 Cr 4,172,721
↓ -88,393 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | HDFCBANK5% ₹145 Cr 625,597 Axis Bank Ltd (Financial Services)
Equity, Since 31 May 18 | 5322155% ₹128 Cr 1,641,415 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Oct 12 | 5000344% ₹121 Cr 401,460 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 12 | RELIANCE4% ₹120 Cr 879,095
↑ 99,022 State Bank of India (Financial Services)
Equity, Since 31 Oct 17 | SBIN4% ₹112 Cr 3,479,521 Infosys Ltd (Technology)
Equity, Since 30 Nov 16 | INFY3% ₹79 Cr 1,063,000 Cblo
CBLO | -3% ₹79 Cr Ramco Cements Ltd (Basic Materials)
Equity, Since 31 Mar 12 | RAMCOCEM3% ₹79 Cr 1,070,287 Tech Mahindra Ltd (Technology)
Equity, Since 31 Jul 18 | 5327553% ₹73 Cr 942,641
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.