Table of Contents
Top 11 Equity - ELSS Funds
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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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.
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.
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2022 (%) Tata India Tax Savings Fund Growth ₹28.638
↓ -0.37 ₹3,192 -2.8 5.5 2.8 13.7 9 5.9 IDFC Tax Advantage (ELSS) Fund Growth ₹98.588
↓ -1.52 ₹4,026 -2.3 5.3 2.6 20.1 10 4.2 Principal Tax Savings Fund Growth ₹332.108
↓ -5.31 ₹965 -3.2 4.3 1.8 16.5 7.7 4.3 L&T Tax Advantage Fund Growth ₹76.7009
↓ -1.21 ₹3,128 -4.5 3.6 -0.9 10.4 5.2 -3 HDFC Long Term Advantage Fund Growth ₹595.168
↑ 0.28 ₹1,318 1.2 15.4 35.5 20.6 17.4 Kotak Tax Saver Fund Growth ₹73.501
↓ -1.38 ₹3,161 -2.6 5.3 4.2 14.5 11.1 6.9 Sundaram Diversified Equity Fund Growth ₹150.889
↓ -2.33 ₹1,713 -2.8 4.9 3.7 12.7 6.7 4 IDBI Equity Advantage Fund Growth ₹37.7
↓ -0.75 ₹480 -4.2 2.9 -0.1 9.2 6.9 2.2 BOI AXA Tax Advantage Fund Growth ₹97.13
↓ -1.68 ₹693 -3.8 5.7 0.7 19.3 10.6 -1.3 BNP Paribas Long Term Equity Fund (ELSS) Growth ₹56.5946
↓ -0.88 ₹681 -3.4 1.9 -4.6 9.9 7.3 -2.1 Invesco India Tax Plan Growth ₹74.81
↓ -1.25 ₹1,892 -4.2 1.4 -8.7 11 8 -7.7 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 27 Jan 23
*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 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 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 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 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 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 1. Tata India Tax Savings Fund
CAGR/Annualized
return of 13.5% since its launch. Ranked 1 in ELSS
category. Return for 2022 was 5.9% , 2021 was 30.4% and 2020 was 11.9% . Tata India Tax Savings Fund
Growth Launch Date 13 Oct 14 NAV (27 Jan 23) ₹28.638 ↓ -0.37 (-1.27 %) Net Assets (Cr) ₹3,192 on 31 Dec 22 Category Equity - ELSS AMC Tata Asset Management Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 0 Sharpe Ratio 0.13 Information Ratio -0.52 Alpha Ratio 1.54 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 17 ₹10,000 31 Dec 18 ₹9,162 31 Dec 19 ₹10,407 31 Dec 20 ₹11,644 31 Dec 21 ₹15,183 31 Dec 22 ₹16,071 Returns for Tata India Tax Savings Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 27 Jan 23 Duration Returns 1 Month -3.6% 3 Month -2.8% 6 Month 5.5% 1 Year 2.8% 3 Year 13.7% 5 Year 9% 10 Year 15 Year Since launch 13.5% Historical performance (Yearly) on absolute basis
Year Returns 2022 5.9% 2021 30.4% 2020 11.9% 2019 13.6% 2018 -8.4% 2017 46% 2016 2.1% 2015 13.3% 2014 2013 Fund Manager information for Tata India Tax Savings Fund
Name Since Tenure Tejas Gutka 9 Mar 21 1.82 Yr. Data below for Tata India Tax Savings Fund as on 31 Dec 22
Equity Sector Allocation
Sector Value Financial Services 36.13% Industrials 16.85% Technology 9.03% Consumer Cyclical 8.02% Health Care 6.07% Energy 5.62% Basic Materials 5.62% Communication Services 5.26% Utility 2.32% Consumer Defensive 2.1% Real Estate 1.23% Asset Allocation
Asset Class Value Cash 1.74% Equity 98.26% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK7% ₹222 Cr 2,325,000
↓ -405,000 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK6% ₹210 Cr 1,305,000 Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY6% ₹190 Cr 1,160,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE6% ₹184 Cr 675,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC5% ₹155 Cr 575,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN5% ₹151 Cr 2,500,000
↓ -770,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322154% ₹132 Cr 1,465,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 19 | BHARTIARTL3% ₹97 Cr 1,140,000
↓ -73,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 16 | LT2% ₹81 Cr 390,000 INOX Leisure Ltd (Communication Services)
Equity, Since 30 Nov 21 | INOXLEISUR2% ₹71 Cr 1,320,000
↑ 100,000 2. IDFC Tax Advantage (ELSS) Fund
CAGR/Annualized
return of 17.6% since its launch. Ranked 3 in ELSS
category. Return for 2022 was 4.2% , 2021 was 49.2% and 2020 was 18.7% . IDFC Tax Advantage (ELSS) Fund
Growth Launch Date 26 Dec 08 NAV (27 Jan 23) ₹98.588 ↓ -1.52 (-1.51 %) Net Assets (Cr) ₹4,026 on 31 Dec 22 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.95 Sharpe Ratio 0.03 Information Ratio 0.72 Alpha Ratio -0.51 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 17 ₹10,000 31 Dec 18 ₹9,060 31 Dec 19 ₹9,236 31 Dec 20 ₹10,963 31 Dec 21 ₹16,357 31 Dec 22 ₹17,044 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 27 Jan 23 Duration Returns 1 Month -2.4% 3 Month -2.3% 6 Month 5.3% 1 Year 2.6% 3 Year 20.1% 5 Year 10% 10 Year 15 Year Since launch 17.6% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.2% 2021 49.2% 2020 18.7% 2019 1.9% 2018 -9.4% 2017 53.4% 2016 0.4% 2015 6.9% 2014 42.2% 2013 15% Fund Manager information for IDFC Tax Advantage (ELSS) Fund
Name Since Tenure Daylynn Pinto 20 Oct 16 6.2 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 31 Dec 22
Equity Sector Allocation
Sector Value Financial Services 27.43% Consumer Cyclical 15.81% Industrials 11.96% Basic Materials 10.03% Technology 9.87% Health Care 6.4% Energy 3.67% Consumer Defensive 3.24% Communication Services 2.9% Utility 1.26% Asset Allocation
Asset Class Value Cash 7.42% Equity 92.58% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK9% ₹362 Cr 3,800,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY5% ₹221 Cr 1,350,000
↓ -50,000 State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN5% ₹211 Cr 3,500,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK4% ₹169 Cr 1,050,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE4% ₹150 Cr 550,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | 5322153% ₹126 Cr 1,400,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL3% ₹119 Cr 1,400,000 Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS3% ₹114 Cr 2,600,000 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Jul 20 | M&M3% ₹104 Cr 800,000 Jindal Steel & Power Ltd (Basic Materials)
Equity, Since 31 Mar 18 | 5322862% ₹94 Cr 1,750,000
↓ -50,000 3. Principal Tax Savings Fund
CAGR/Annualized
return of 15.7% since its launch. Ranked 8 in ELSS
category. Return for 2022 was 4.3% , 2021 was 32.1% and 2020 was 18.9% . Principal Tax Savings Fund
Growth Launch Date 31 Mar 96 NAV (27 Jan 23) ₹332.108 ↓ -5.31 (-1.57 %) Net Assets (Cr) ₹965 on 31 Dec 22 Category Equity - ELSS AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.44 Sharpe Ratio 0.02 Information Ratio 0.16 Alpha Ratio -0.07 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 17 ₹10,000 31 Dec 18 ₹9,081 31 Dec 19 ₹9,305 31 Dec 20 ₹11,063 31 Dec 21 ₹14,611 31 Dec 22 ₹15,244 Returns for Principal Tax Savings Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 27 Jan 23 Duration Returns 1 Month -2.3% 3 Month -3.2% 6 Month 4.3% 1 Year 1.8% 3 Year 16.5% 5 Year 7.7% 10 Year 15 Year Since launch 15.7% Historical performance (Yearly) on absolute basis
Year Returns 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% 2013 8.5% Fund Manager information for Principal Tax Savings Fund
Name Since Tenure Sudhir Kedia 29 Oct 19 3.18 Yr. Rohit Seksaria 1 Jan 22 1 Yr. Data below for Principal Tax Savings Fund as on 31 Dec 22
Equity Sector Allocation
Sector Value Financial Services 39.32% Consumer Cyclical 14.97% Industrials 12.59% Technology 9.87% Energy 4.79% Health Care 4.53% Consumer Defensive 4.53% Basic Materials 3.49% Communication Services 2.06% Real Estate 1.07% Asset Allocation
Asset Class Value Cash 2.45% Equity 97.55% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK9% ₹89 Cr 935,000
↓ -33,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK5% ₹54 Cr 335,117 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 21 | RELIANCE5% ₹48 Cr 175,000 Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY5% ₹47 Cr 288,000 State Bank of India (Financial Services)
Equity, Since 30 Apr 05 | SBIN5% ₹46 Cr 770,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFC4% ₹42 Cr 157,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 17 | 5322154% ₹37 Cr 410,005 Ashok Leyland Ltd (Industrials)
Equity, Since 31 Aug 20 | 5004774% ₹36 Cr 2,405,310 Polycab India Ltd (Industrials)
Equity, Since 30 Nov 20 | POLYCAB3% ₹30 Cr 116,000
↓ -9,297 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Oct 19 | MARUTI3% ₹29 Cr 32,000
↓ -1,000 4. L&T Tax Advantage Fund
CAGR/Annualized
return of 12.8% since its launch. Ranked 7 in ELSS
category. Return for 2022 was -3% , 2021 was 30.3% and 2020 was 13.5% . L&T Tax Advantage Fund
Growth Launch Date 27 Feb 06 NAV (27 Jan 23) ₹76.7009 ↓ -1.21 (-1.55 %) Net Assets (Cr) ₹3,128 on 31 Dec 22 Category Equity - ELSS AMC L&T Investment Management Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.97 Sharpe Ratio -0.39 Information Ratio -0.95 Alpha Ratio -7.1 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 17 ₹10,000 31 Dec 18 ₹9,192 31 Dec 19 ₹9,619 31 Dec 20 ₹10,913 31 Dec 21 ₹14,217 31 Dec 22 ₹13,786 Returns for L&T Tax Advantage Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 27 Jan 23 Duration Returns 1 Month -3.2% 3 Month -4.5% 6 Month 3.6% 1 Year -0.9% 3 Year 10.4% 5 Year 5.2% 10 Year 15 Year Since launch 12.8% Historical performance (Yearly) on absolute basis
Year Returns 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% 2013 6.8% Fund Manager information for L&T Tax Advantage Fund
Name Since Tenure Gautam Bhupal 25 Nov 22 0.1 Yr. Cheenu Gupta 2 Jul 21 1.5 Yr. Data below for L&T Tax Advantage Fund as on 31 Dec 22
Equity Sector Allocation
Sector Value Financial Services 31.58% Consumer Cyclical 20.94% Technology 12.25% Industrials 11.89% Consumer Defensive 6.23% Basic Materials 5.1% Health Care 3.87% Energy 3.72% Utility 1.79% Real Estate 1.01% Asset Allocation
Asset Class Value Cash 1.61% Equity 98.39% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK8% ₹250 Cr 2,619,900
↓ -771,600 State Bank of India (Financial Services)
Equity, Since 31 Jan 19 | SBIN6% ₹189 Cr 3,140,300
↑ 135,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK6% ₹183 Cr 1,140,100 Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY5% ₹167 Cr 1,023,800 Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 21 | 5008504% ₹136 Cr 4,240,500 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 21 | RELIANCE4% ₹121 Cr 444,200 Persistent Systems Ltd (Technology)
Equity, Since 31 Jul 21 | PERSISTENT4% ₹115 Cr 276,400 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Jul 22 | HINDUNILVR3% ₹113 Cr 419,300 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jul 22 | LT3% ₹112 Cr 538,300 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Jul 21 | 5000343% ₹89 Cr 132,900 5. 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 31 Dec 17 ₹10,000 31 Dec 18 ₹9,610 31 Dec 19 ₹10,581 31 Dec 20 ₹11,798 31 Dec 21 ₹15,911
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 27 Jan 23 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 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 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 6. Kotak Tax Saver Fund
CAGR/Annualized
return of 12.3% since its launch. Ranked 19 in ELSS
category. Return for 2022 was 6.9% , 2021 was 33.2% and 2020 was 14.9% . Kotak Tax Saver Fund
Growth Launch Date 23 Nov 05 NAV (27 Jan 23) ₹73.501 ↓ -1.38 (-1.85 %) Net Assets (Cr) ₹3,161 on 31 Dec 22 Category Equity - ELSS AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 1.97 Sharpe Ratio 0.19 Information Ratio 0.1 Alpha Ratio 2.47 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 17 ₹10,000 31 Dec 18 ₹9,620 31 Dec 19 ₹10,838 31 Dec 20 ₹12,458 31 Dec 21 ₹16,599 31 Dec 22 ₹17,747 Returns for Kotak Tax Saver Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 27 Jan 23 Duration Returns 1 Month -3.7% 3 Month -2.6% 6 Month 5.3% 1 Year 4.2% 3 Year 14.5% 5 Year 11.1% 10 Year 15 Year Since launch 12.3% Historical performance (Yearly) on absolute basis
Year Returns 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% 2013 -6.3% Fund Manager information for Kotak Tax Saver Fund
Name Since Tenure Harsha Upadhyaya 25 Aug 15 7.36 Yr. Data below for Kotak Tax Saver Fund as on 31 Dec 22
Equity Sector Allocation
Sector Value Financial Services 27.49% Industrials 17.08% Basic Materials 15.74% Consumer Cyclical 11.4% Consumer Defensive 7.84% Technology 6.51% Energy 4.32% Health Care 4.23% Utility 2.11% Communication Services 1.97% Asset Allocation
Asset Class Value Cash 1.31% Equity 98.69% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK8% ₹248 Cr 2,600,000 State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN6% ₹181 Cr 3,000,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | 5322155% ₹162 Cr 1,800,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE4% ₹137 Cr 500,000 Infosys Ltd (Technology)
Equity, Since 31 Dec 05 | INFY4% ₹131 Cr 800,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 14 | LT4% ₹119 Cr 575,000 ITC Ltd (Consumer Defensive)
Equity, Since 31 Oct 21 | ITC3% ₹105 Cr 3,100,000 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 21 | MARUTI3% ₹90 Cr 100,000
↑ 10,000 SRF Ltd (Basic Materials)
Equity, Since 30 Apr 16 | SRF3% ₹85 Cr 360,000 Ambuja Cements Ltd (Basic Materials)
Equity, Since 30 Sep 21 | 5004253% ₹80 Cr 1,409,086 7. Sundaram Diversified Equity Fund
CAGR/Annualized
return of 15.8% since its launch. Ranked 14 in ELSS
category. Return for 2022 was 4% , 2021 was 31.5% and 2020 was 9.9% . Sundaram Diversified Equity Fund
Growth Launch Date 22 Nov 99 NAV (27 Jan 23) ₹150.889 ↓ -2.33 (-1.52 %) Net Assets (Cr) ₹1,713 on 31 Dec 22 Category Equity - ELSS AMC Sundaram Asset Management Company Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.1 Sharpe Ratio 0.01 Information Ratio -0.73 Alpha Ratio -0.34 Min Investment 500 Min SIP Investment 250 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 17 ₹10,000 31 Dec 18 ₹8,939 31 Dec 19 ₹9,490 31 Dec 20 ₹10,425 31 Dec 21 ₹13,712 31 Dec 22 ₹14,265 Returns for Sundaram Diversified Equity Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 27 Jan 23 Duration Returns 1 Month -2.1% 3 Month -2.8% 6 Month 4.9% 1 Year 3.7% 3 Year 12.7% 5 Year 6.7% 10 Year 15 Year Since launch 15.8% Historical performance (Yearly) on absolute basis
Year Returns 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% 2013 1.4% Fund Manager information for Sundaram Diversified Equity Fund
Name Since Tenure Sudhir Kedia 1 Jan 22 1 Yr. Rohit Seksaria 24 Feb 21 1.85 Yr. Data below for Sundaram Diversified Equity Fund as on 31 Dec 22
Equity Sector Allocation
Sector Value Financial Services 40.6% Industrials 14.88% Technology 11% Consumer Cyclical 10.92% Consumer Defensive 5.65% Energy 5.15% Basic Materials 4.03% Health Care 3.37% Communication Services 2.12% Real Estate 1.14% Asset Allocation
Asset Class Value Cash 0.92% Equity 99.08% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 11 | ICICIBANK9% ₹162 Cr 1,699,000
↓ -80,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | HDFCBANK6% ₹115 Cr 714,000
↓ -22,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 12 | RELIANCE5% ₹93 Cr 341,595 Infosys Ltd (Technology)
Equity, Since 30 Nov 16 | INFY5% ₹93 Cr 570,000
↓ -22,000 State Bank of India (Financial Services)
Equity, Since 31 Aug 20 | SBIN5% ₹87 Cr 1,450,000
↓ -30,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 May 18 | 5322154% ₹75 Cr 834,000
↓ -40,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Jul 19 | HDFC4% ₹73 Cr 272,000 Ashok Leyland Ltd (Industrials)
Equity, Since 31 Jan 22 | 5004773% ₹61 Cr 4,089,762 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 20 | TCS3% ₹56 Cr 165,000 Polycab India Ltd (Industrials)
Equity, Since 31 Jan 22 | POLYCAB3% ₹54 Cr 209,000
↓ -18,703 8. IDBI Equity Advantage Fund
CAGR/Annualized
return of 15.2% since its launch. Ranked 21 in ELSS
category. Return for 2022 was 2.2% , 2021 was 25.6% and 2020 was 8.4% . IDBI Equity Advantage Fund
Growth Launch Date 10 Sep 13 NAV (27 Jan 23) ₹37.7 ↓ -0.75 (-1.95 %) Net Assets (Cr) ₹480 on 31 Dec 22 Category Equity - ELSS AMC IDBI Asset Management Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.39 Sharpe Ratio -0.09 Information Ratio -0.81 Alpha Ratio -1.93 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 17 ₹10,000 31 Dec 18 ₹9,827 31 Dec 19 ₹10,387 31 Dec 20 ₹11,256 31 Dec 21 ₹14,135 31 Dec 22 ₹14,440 Returns for IDBI Equity Advantage Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 27 Jan 23 Duration Returns 1 Month -4.2% 3 Month -4.2% 6 Month 2.9% 1 Year -0.1% 3 Year 9.2% 5 Year 6.9% 10 Year 15 Year Since launch 15.2% Historical performance (Yearly) on absolute basis
Year Returns 2022 2.2% 2021 25.6% 2020 8.4% 2019 5.7% 2018 -1.7% 2017 35.3% 2016 0% 2015 3.1% 2014 71.2% 2013 Fund Manager information for IDBI Equity Advantage Fund
Name Since Tenure Alok Ranjan 16 Aug 21 1.38 Yr. Data below for IDBI Equity Advantage Fund as on 31 Dec 22
Equity Sector Allocation
Sector Value Financial Services 35.87% Industrials 14.7% Basic Materials 14% Technology 13.12% Consumer Cyclical 10.04% Energy 4.9% Consumer Defensive 2.94% Communication Services 2.06% Health Care 1.89% Asset Allocation
Asset Class Value Cash 0.47% Equity 99.53% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 20 | ICICIBANK9% ₹45 Cr 475,423 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 20 | HDFCBANK8% ₹40 Cr 247,297 Infosys Ltd (Technology)
Equity, Since 31 Oct 20 | INFY6% ₹32 Cr 192,810 State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN5% ₹27 Cr 446,147 ABB India Ltd (Industrials)
Equity, Since 30 Apr 15 | ABB4% ₹22 Cr 71,781 Reliance Industries Ltd (Energy)
Equity, Since 30 Sep 20 | RELIANCE4% ₹21 Cr 77,980 Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 21 | 5322154% ₹19 Cr 213,065 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 30 Nov 13 | CHOLAFIN3% ₹17 Cr 232,325 HCL Technologies Ltd (Technology)
Equity, Since 31 May 20 | HCLTECH3% ₹16 Cr 146,618 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Sep 20 | HDFC3% ₹15 Cr 56,815 9. BOI AXA Tax Advantage Fund
CAGR/Annualized
return of 17.7% since its launch. Ranked 13 in ELSS
category. Return for 2022 was -1.3% , 2021 was 41.5% and 2020 was 31.2% . BOI AXA Tax Advantage Fund
Growth Launch Date 25 Feb 09 NAV (27 Jan 23) ₹97.13 ↓ -1.68 (-1.70 %) Net Assets (Cr) ₹693 on 31 Dec 22 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.54 Sharpe Ratio -0.3 Information Ratio 0.6 Alpha Ratio -5.83 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 17 ₹10,000 31 Dec 18 ₹8,366 31 Dec 19 ₹9,588 31 Dec 20 ₹12,579 31 Dec 21 ₹17,793 31 Dec 22 ₹17,570 Returns for BOI AXA Tax Advantage Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 27 Jan 23 Duration Returns 1 Month -4% 3 Month -3.8% 6 Month 5.7% 1 Year 0.7% 3 Year 19.3% 5 Year 10.6% 10 Year 15 Year Since launch 17.7% Historical performance (Yearly) on absolute basis
Year Returns 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% 2013 9.1% Fund Manager information for BOI AXA Tax Advantage Fund
Name Since Tenure Alok Singh 27 Apr 22 0.68 Yr. Data below for BOI AXA Tax Advantage Fund as on 31 Dec 22
Equity Sector Allocation
Sector Value Financial Services 37.06% Consumer Cyclical 14.92% Basic Materials 9.62% Consumer Defensive 8.46% Industrials 7.68% Health Care 6.4% Energy 4.45% Technology 3.67% Utility 3.12% Real Estate 1.7% Communication Services 0.78% Asset Allocation
Asset Class Value Cash 2.07% Equity 97.86% Debt 0.08% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK7% ₹50 Cr 529,340 State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN7% ₹46 Cr 770,000
↓ -20,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK6% ₹39 Cr 244,000
↑ 19,000 Canara Bank (Financial Services)
Equity, Since 31 Aug 22 | 5324834% ₹28 Cr 895,000
↑ 25,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE4% ₹25 Cr 91,009 NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | 5325553% ₹22 Cr 1,260,000 Varun Beverages Ltd (Consumer Defensive)
Equity, Since 28 Feb 22 | VBL3% ₹19 Cr 154,000
↓ -14,692 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 22 | 5322153% ₹18 Cr 204,000 ITC Ltd (Consumer Defensive)
Equity, Since 31 May 22 | ITC2% ₹16 Cr 473,223 Balrampur Chini Mills Ltd (Consumer Defensive)
Equity, Since 30 Apr 22 | 5000382% ₹15 Cr 396,000
↑ 91,000 10. BNP Paribas Long Term Equity Fund (ELSS)
CAGR/Annualized
return of 10.7% since its launch. Ranked 22 in ELSS
category. Return for 2022 was -2.1% , 2021 was 23.6% and 2020 was 17.8% . BNP Paribas Long Term Equity Fund (ELSS)
Growth Launch Date 5 Jan 06 NAV (27 Jan 23) ₹56.5946 ↓ -0.88 (-1.53 %) Net Assets (Cr) ₹681 on 31 Dec 22 Category Equity - ELSS AMC BNP Paribas Asset Mgmt India Pvt. Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.38 Sharpe Ratio -0.41 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 31 Dec 17 ₹10,000 31 Dec 18 ₹9,069 31 Dec 19 ₹10,362 31 Dec 20 ₹12,204 31 Dec 21 ₹15,081 31 Dec 22 ₹14,769 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 27 Jan 23 Duration Returns 1 Month -3.3% 3 Month -3.4% 6 Month 1.9% 1 Year -4.6% 3 Year 9.9% 5 Year 7.3% 10 Year 15 Year Since launch 10.7% Historical performance (Yearly) on absolute basis
Year Returns 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% 2013 7.7% Fund Manager information for BNP Paribas Long Term Equity Fund (ELSS)
Name Since Tenure Sanjay Chawla 14 Mar 22 0.8 Yr. Pratish Krishnan 14 Mar 22 0.8 Yr. Miten Vora 1 Dec 22 0.08 Yr. Data below for BNP Paribas Long Term Equity Fund (ELSS) as on 31 Dec 22
Equity Sector Allocation
Sector Value Financial Services 35.08% Consumer Cyclical 14.86% Technology 10.84% Industrials 8.47% Health Care 6.39% Communication Services 5.14% Consumer Defensive 4.79% Energy 4.54% Basic Materials 4.02% Real Estate 3.22% Asset Allocation
Asset Class Value Cash 2.66% Equity 97.34% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFCBANK9% ₹65 Cr 405,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 12 | ICICIBANK8% ₹57 Cr 594,000 Infosys Ltd (Technology)
Equity, Since 31 Mar 09 | INFY7% ₹46 Cr 284,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 18 | RELIANCE5% ₹32 Cr 117,000 State Bank of India (Financial Services)
Equity, Since 31 Mar 22 | SBIN5% ₹32 Cr 530,000
↑ 180,000 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Jul 18 | ULTRACEMCO3% ₹23 Cr 32,250
↑ 14,000 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Jul 21 | SUNPHARMA3% ₹20 Cr 190,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322153% ₹20 Cr 219,000
↑ 35,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 20 | LT3% ₹19 Cr 91,500 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Apr 20 | HINDUNILVR3% ₹18 Cr 68,600 11. Invesco India Tax Plan
CAGR/Annualized
return of 13.3% since its launch. Ranked 17 in ELSS
category. Return for 2022 was -7.7% , 2021 was 32.6% and 2020 was 19.2% . Invesco India Tax Plan
Growth Launch Date 29 Dec 06 NAV (27 Jan 23) ₹74.81 ↓ -1.25 (-1.64 %) Net Assets (Cr) ₹1,892 on 31 Dec 22 Category Equity - ELSS AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.11 Sharpe Ratio -0.7 Information Ratio -0.86 Alpha Ratio -12.53 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 17 ₹10,000 31 Dec 18 ₹9,875 31 Dec 19 ₹10,806 31 Dec 20 ₹12,877 31 Dec 21 ₹17,069 31 Dec 22 ₹15,762 Returns for Invesco India Tax Plan
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 27 Jan 23 Duration Returns 1 Month -4.3% 3 Month -4.2% 6 Month 1.4% 1 Year -8.7% 3 Year 11% 5 Year 8% 10 Year 15 Year Since launch 13.3% Historical performance (Yearly) on absolute basis
Year Returns 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% 2013 10.1% Fund Manager information for Invesco India Tax Plan
Name Since Tenure Amit Nigam 3 Sep 20 2.33 Yr. Dhimant Kothari 29 Mar 18 4.76 Yr. Data below for Invesco India Tax Plan as on 31 Dec 22
Equity Sector Allocation
Sector Value Financial Services 32.5% Technology 13.21% Consumer Cyclical 12.82% Industrials 11.64% Basic Materials 6.69% Energy 6.48% Consumer Defensive 5.22% Health Care 4.63% Utility 3.23% Communication Services 2.79% Asset Allocation
Asset Class Value Cash 0.81% Equity 99.19% Top Securities Holdings / Portfolio
Name Holding Value Quantity Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 22 | HDFC10% ₹200 Cr 742,649 Infosys Ltd (Technology)
Equity, Since 31 Dec 19 | INFY8% ₹155 Cr 946,733 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE6% ₹127 Cr 464,434 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK6% ₹125 Cr 1,310,060 Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | 5322153% ₹61 Cr 672,570 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 19 | KOTAKBANK3% ₹58 Cr 297,753 LTIMindtree Ltd (Technology)
Equity, Since 30 Apr 22 | LTIM3% ₹55 Cr 114,665 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 21 | BHARTIARTL3% ₹55 Cr 643,148
↓ -236,560 KEI Industries Ltd (Industrials)
Equity, Since 30 Apr 21 | KEI3% ₹52 Cr 337,835 Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 30 Apr 22 | 5403763% ₹50 Cr 123,883
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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Nice article. Highly recommended for guys who are looking to save tax under section 80c.