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11 Best performing Tax Saving (ELSS) Mutual Funds to invest in 2020

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11 Best Tax Saving ELSS Mutual Funds 2020

Updated on July 29, 2020 , 10316 views

Best elss Funds or Equity Linked Savings Schemes are equity diversified Mutual Funds that majorly invest in equity-linked instruments (like shares and stocks) to provide market-linked returns 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.

ELSS

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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 20 - 21

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2019 (%)
IDFC Tax Advantage (ELSS) Fund Growth ₹50.04
↑ 0.26
₹1,92014.6-10.7-3.7-1.43.81.9
Tata India Tax Savings Fund Growth ₹17.2093
↑ 0.00
₹1,8559.9-10.7-2.11.2713.6
L&T Tax Advantage Fund Growth ₹49.975
↑ 0.03
₹2,84311.2-10.7-2.1-1.54.74.6
Principal Tax Savings Fund Growth ₹194.8
↑ 0.18
₹36612.4-6.4-0.3-0.65.82.5
BOI AXA Tax Advantage Fund Growth ₹55.84
↑ 0.47
₹2629.7-2.916.857.214.6
BNP Paribas Long Term Equity Fund (ELSS) Growth ₹39.473
↑ 0.14
₹42510.6-6.652.64.514.3
Invesco India Tax Plan Growth ₹51.06
↓ -0.15
₹99710.6-6.35.84.36.69.4
IDBI Equity Advantage Fund Growth ₹24.41
↓ -0.05
₹4753.3-14.3-0.6-0.42.85.7
Kotak Tax Saver Fund Growth ₹43.047
↑ 0.08
₹1,13310.7-111.11.95.812.7
HDFC Long Term Advantage Fund Growth ₹328.792
↑ 0.48
₹1,06411.4-11.4-5.60.16.210.1
Sundaram Diversified Equity Fund Growth ₹89.5939
↑ 0.19
₹2,07112.2-13.8-5.6-3.836.2
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 31 Jul 20

*Above is list of top ELSS (Equity Linked Saving Scheme) having AUM/Net Assets above than 500 Crore and having fund age >= 3 years.

1. IDFC Tax Advantage (ELSS) Fund

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 CAGR/Annualized return of 14.9% since its launch.  Ranked 3 in ELSS category.  Return for 2019 was 1.9% , 2018 was -9.4% and 2017 was 53.4% .

Below is the key information for IDFC Tax Advantage (ELSS) Fund

IDFC Tax Advantage (ELSS) Fund
Growth
Launch Date 26 Dec 08
NAV (31 Jul 20) ₹50.04 ↑ 0.26   (0.52 %)
Net Assets (Cr) ₹1,920 on 30 Jun 20
Category Equity - ELSS
AMC IDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 2.22
Sharpe Ratio -0.37
Information Ratio -0.73
Alpha Ratio -4.05
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jul 15₹10,000
31 Jul 16₹9,917
31 Jul 17₹12,525
31 Jul 18₹13,772
31 Jul 19₹12,487

IDFC Tax Advantage (ELSS) Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹331,978.
Net Profit of ₹31,978
Invest Now

Returns for IDFC Tax Advantage (ELSS) Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Jul 20

DurationReturns
1 Month 6.9%
3 Month 14.6%
6 Month -10.7%
1 Year -3.7%
3 Year -1.4%
5 Year 3.8%
10 Year
15 Year
Since launch 14.9%
Historical performance (Yearly) on absolute basis
YearReturns
2019 1.9%
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%
Fund Manager information for IDFC Tax Advantage (ELSS) Fund
NameSinceTenure
Daylynn Pinto20 Oct 163.7 Yr.

Data below for IDFC Tax Advantage (ELSS) Fund as on 30 Jun 20

Equity Sector Allocation
SectorValue
Financial Services22.55%
Consumer Cyclical13.15%
Industrials11.78%
Health Care10.61%
Basic Materials9.67%
Technology8.2%
Energy7.25%
Consumer Defensive6.57%
Communication Services4.37%
Utility0.37%
Asset Allocation
Asset ClassValue
Cash3.53%
Equity96.47%
Other0%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK
6%₹116 Cr3,300,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE
5%₹98 Cr575,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK
5%₹91 Cr850,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY
5%₹88 Cr1,200,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL
4%₹84 Cr1,500,000
↑ 100,000
Triparty Repo
CBLO/Reverse Repo | -
4%₹68 Cr
Deepak Nitrite Ltd (Basic Materials)
Equity, Since 31 Mar 17 | 506401
3%₹52 Cr1,085,000
↑ 21,256
Ipca Laboratories Ltd (Healthcare)
Equity, Since 30 Nov 18 | 524494
3%₹49 Cr295,530
↑ 5,530
KEC International Ltd (Industrials)
Equity, Since 30 Sep 15 | 532714
3%₹49 Cr1,800,000
↓ -20,000
Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 18 | 532215
2%₹47 Cr1,150,000
↓ -50,000

2. Tata India Tax Savings Fund

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 CAGR/Annualized return of 9.8% since its launch.  Ranked 1 in ELSS category.  Return for 2019 was 13.6% , 2018 was -8.4% and 2017 was 46% .

Below is the key information for Tata India Tax Savings Fund

Tata India Tax Savings Fund
Growth
Launch Date 13 Oct 14
NAV (31 Jul 20) ₹17.2093 ↑ 0.00   (0.03 %)
Net Assets (Cr) ₹1,855 on 30 Jun 20
Category Equity - ELSS
AMC Tata Asset Management Limited
Rating
Risk Moderately High
Expense Ratio 2.08
Sharpe Ratio -0.42
Information Ratio -0.61
Alpha Ratio -4.22
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jul 15₹10,000
31 Jul 16₹11,071
31 Jul 17₹13,541
31 Jul 18₹14,384
31 Jul 19₹14,323

Tata India Tax Savings Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹357,992.
Net Profit of ₹57,992
Invest Now

Returns for Tata India Tax Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Jul 20

DurationReturns
1 Month 6.9%
3 Month 9.9%
6 Month -10.7%
1 Year -2.1%
3 Year 1.2%
5 Year 7%
10 Year
15 Year
Since launch 9.8%
Historical performance (Yearly) on absolute basis
YearReturns
2019 13.6%
2018 -8.4%
2017 46%
2016 2.1%
2015 13.3%
2014
2013
2012
2011
2010
Fund Manager information for Tata India Tax Savings Fund
NameSinceTenure
Rupesh Patel1 Apr 155.25 Yr.
Ennette Fernandes18 Jun 182.04 Yr.

Data below for Tata India Tax Savings Fund as on 30 Jun 20

Equity Sector Allocation
SectorValue
Financial Services31.22%
Energy16.76%
Consumer Cyclical10.44%
Health Care7.91%
Communication Services6.94%
Basic Materials6.8%
Technology6.67%
Industrials6.56%
Consumer Defensive4.16%
Real Estate0.55%
Asset Allocation
Asset ClassValue
Cash3.99%
Equity98%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE
13%₹237 Cr1,390,000
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK
8%₹147 Cr1,382,000
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK
7%₹134 Cr3,800,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 19 | BHARTIARTL
7%₹129 Cr2,300,000
↑ 100,000
Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY
7%₹124 Cr1,680,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC
5%₹99 Cr565,000
State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN
5%₹95 Cr5,325,000
A) Repo
CBLO/Reverse Repo | -
4%₹74 Cr
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | M&M
3%₹51 Cr1,000,000
Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 17 | DIVISLAB
3%₹49 Cr215,000

3. L&T Tax Advantage Fund

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 CAGR/Annualized return of 11.8% since its launch.  Ranked 7 in ELSS category.  Return for 2019 was 4.6% , 2018 was -8.1% and 2017 was 42.3% .

Below is the key information for L&T Tax Advantage Fund

L&T Tax Advantage Fund
Growth
Launch Date 27 Feb 06
NAV (31 Jul 20) ₹49.975 ↑ 0.03   (0.06 %)
Net Assets (Cr) ₹2,843 on 30 Jun 20
Category Equity - ELSS
AMC L&T Investment Management Ltd
Rating
Risk Moderately High
Expense Ratio 2.21
Sharpe Ratio -0.31
Information Ratio -1.1
Alpha Ratio -1.31
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jul 15₹10,000
31 Jul 16₹10,424
31 Jul 17₹13,149
31 Jul 18₹14,279
31 Jul 19₹12,847

L&T Tax Advantage Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹340,450.
Net Profit of ₹40,450
Invest Now

Returns for L&T Tax Advantage Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Jul 20

DurationReturns
1 Month 5.5%
3 Month 11.2%
6 Month -10.7%
1 Year -2.1%
3 Year -1.5%
5 Year 4.7%
10 Year
15 Year
Since launch 11.8%
Historical performance (Yearly) on absolute basis
YearReturns
2019 4.6%
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%
Fund Manager information for L&T Tax Advantage Fund
NameSinceTenure
Venugopal Manghat17 Dec 190.54 Yr.
Vihang Naik17 Dec 190.54 Yr.

Data below for L&T Tax Advantage Fund as on 30 Jun 20

Equity Sector Allocation
SectorValue
Financial Services23.15%
Health Care14.91%
Basic Materials14.04%
Technology11.81%
Consumer Cyclical11.25%
Energy6.48%
Industrials6.11%
Consumer Defensive5.08%
Communication Services4.22%
Asset Allocation
Asset ClassValue
Cash1.9%
Equity98.09%
Other0.02%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCE
6%₹163 Cr955,600
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK
5%₹153 Cr1,436,100
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 17 | BHARTIARTL
4%₹120 Cr2,142,500
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 09 | TCS
4%₹102 Cr491,900
Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY
4%₹101 Cr1,370,200
HCL Technologies Ltd (Technology)
Equity, Since 30 Sep 17 | HCLTECH
3%₹98 Cr1,758,400
Shree Cement Ltd (Basic Materials)
Equity, Since 30 Nov 19 | 500387
3%₹93 Cr40,300
ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 07 | ITC
3%₹93 Cr4,771,387
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | KOTAKBANK
3%₹92 Cr675,107
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Apr 15 | SUNPHARMA
3%₹81 Cr1,703,600

4. Principal Tax Savings Fund

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 CAGR/Annualized return of 14.9% since its launch.  Ranked 8 in ELSS category.  Return for 2019 was 2.5% , 2018 was -9.2% and 2017 was 48.8% .

Below is the key information for Principal Tax Savings Fund

Principal Tax Savings Fund
Growth
Launch Date 31 Mar 96
NAV (31 Jul 20) ₹194.8 ↑ 0.18   (0.09 %)
Net Assets (Cr) ₹366 on 30 Jun 20
Category Equity - ELSS
AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd.
Rating
Risk Moderately High
Expense Ratio 2.88
Sharpe Ratio -0.36
Information Ratio -0.65
Alpha Ratio -2.49
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jul 15₹10,000
31 Jul 16₹10,362
31 Jul 17₹13,516
31 Jul 18₹14,472
31 Jul 19₹13,303

Principal Tax Savings Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹349,120.
Net Profit of ₹49,120
Invest Now

Returns for Principal Tax Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Jul 20

DurationReturns
1 Month 6.5%
3 Month 12.4%
6 Month -6.4%
1 Year -0.3%
3 Year -0.6%
5 Year 5.8%
10 Year
15 Year
Since launch 14.9%
Historical performance (Yearly) on absolute basis
YearReturns
2019 2.5%
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%
Fund Manager information for Principal Tax Savings Fund
NameSinceTenure
Sudhir Kedia29 Oct 190.67 Yr.

Data below for Principal Tax Savings Fund as on 30 Jun 20

Equity Sector Allocation
SectorValue
Financial Services31%
Consumer Cyclical10.18%
Consumer Defensive9.66%
Energy9.4%
Technology8.21%
Industrials7.88%
Basic Materials6.39%
Health Care5.79%
Utility3.02%
Communication Services2.89%
Asset Allocation
Asset ClassValue
Cash4.04%
Equity95.96%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 08 | RELIANCE
8%₹30 Cr178,043
↓ -1,272
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK
8%₹29 Cr267,571
↑ 24,615
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
6%₹20 Cr580,921
Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY
4%₹15 Cr203,883
Treps 01-Jul-2020
CBLO/Reverse Repo | -
4%₹15 Cr
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFC
4%₹14 Cr79,111
↑ 20,965
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 13 | LT
4%₹14 Cr144,140
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jan 16 | KOTAKBANK
3%₹11 Cr82,898
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 14 | TCS
3%₹11 Cr50,919
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 18 | BHARTIARTL
3%₹11 Cr189,145
↑ 32,087

5. BOI AXA Tax Advantage Fund

The Scheme seeks to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities across all market capitalisations. The Scheme is in the nature of diversified multi-cap fund. The Scheme is not providing any assured or guaranteed returns.(There can be no assurance that the investment objectives of the Scheme will be realized.)

BOI AXA Tax Advantage Fund is a Equity - ELSS fund was launched on 25 Feb 09. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 16.2% since its launch.  Ranked 13 in ELSS category.  Return for 2019 was 14.6% , 2018 was -16.3% and 2017 was 57.7% .

Below is the key information for BOI AXA Tax Advantage Fund

BOI AXA Tax Advantage Fund
Growth
Launch Date 25 Feb 09
NAV (31 Jul 20) ₹55.84 ↑ 0.47   (0.85 %)
Net Assets (Cr) ₹262 on 30 Jun 20
Category Equity - ELSS
AMC BOI AXA Investment Mngrs Private Ltd
Rating
Risk Moderately High
Expense Ratio 3.02
Sharpe Ratio 0.07
Information Ratio 0.27
Alpha Ratio 9.94
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jul 15₹10,000
31 Jul 16₹10,149
31 Jul 17₹12,205
31 Jul 18₹14,186
31 Jul 19₹12,101

BOI AXA Tax Advantage Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹367,070.
Net Profit of ₹67,070
Invest Now

Returns for BOI AXA Tax Advantage Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Jul 20

DurationReturns
1 Month 8.3%
3 Month 9.7%
6 Month -2.9%
1 Year 16.8%
3 Year 5%
5 Year 7.2%
10 Year
15 Year
Since launch 16.2%
Historical performance (Yearly) on absolute basis
YearReturns
2019 14.6%
2018 -16.3%
2017 57.7%
2016 -1.2%
2015 2.1%
2014 44%
2013 9.1%
2012 24.8%
2011 -24.1%
2010 5.9%
Fund Manager information for BOI AXA Tax Advantage Fund
NameSinceTenure
Aakash Manghani15 Jul 190.96 Yr.

Data below for BOI AXA Tax Advantage Fund as on 30 Jun 20

Equity Sector Allocation
SectorValue
Financial Services28.86%
Basic Materials16.82%
Health Care14.43%
Consumer Defensive7.3%
Consumer Cyclical6.54%
Energy5.7%
Technology5.64%
Industrials5.39%
Communication Services4.79%
Utility0.49%
Asset Allocation
Asset ClassValue
Cash3.76%
Equity96.24%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK
6%₹17 Cr158,288
↑ 8,721
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE
6%₹15 Cr87,510
↑ 9,430
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Dec 19 | BHARTIARTL
4%₹11 Cr197,163
↑ 4,409
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | KOTAKBANK
4%₹10 Cr74,728
↑ 4,912
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK
4%₹10 Cr281,959
↑ 68,179
PI Industries Ltd (Basic Materials)
Equity, Since 30 Nov 18 | PIIND
4%₹10 Cr63,294
Cblo
CBLO | -
3%₹9 Cr
Muthoot Finance Ltd (Financial Services)
Equity, Since 29 Feb 20 | 533398
3%₹8 Cr73,302
↑ 5,687
Abbott India Ltd (Healthcare)
Equity, Since 31 Aug 18 | 500488
3%₹8 Cr4,910
↓ -1,646
Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 18 | DIVISLAB
3%₹8 Cr33,806
↓ -5,427

6. BNP Paribas Long Term Equity Fund (ELSS)

The investment objective of the Scheme is to generate long-term capital growth from a diversified and actively managed portfolio of equity and equity related securities along with income tax rebate, as may be prevalent fromtime to time. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns.

BNP Paribas Long Term Equity Fund (ELSS) is a Equity - ELSS fund was launched on 5 Jan 06. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 9.9% since its launch.  Ranked 22 in ELSS category.  Return for 2019 was 14.3% , 2018 was -9.3% and 2017 was 42.3% .

Below is the key information for BNP Paribas Long Term Equity Fund (ELSS)

BNP Paribas Long Term Equity Fund (ELSS)
Growth
Launch Date 5 Jan 06
NAV (31 Jul 20) ₹39.473 ↑ 0.14   (0.36 %)
Net Assets (Cr) ₹425 on 30 Jun 20
Category Equity - ELSS
AMC BNP Paribas Asset Mgmt India Pvt. Ltd
Rating
Risk Moderately High
Expense Ratio 2.75
Sharpe Ratio -0.15
Information Ratio -0.06
Alpha Ratio 3.68
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jul 15₹10,000
31 Jul 16₹9,947
31 Jul 17₹11,571
31 Jul 18₹11,943
31 Jul 19₹11,885

BNP Paribas Long Term Equity Fund (ELSS) SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹340,450.
Net Profit of ₹40,450
Invest Now

Returns for BNP Paribas Long Term Equity Fund (ELSS)

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Jul 20

DurationReturns
1 Month 6%
3 Month 10.6%
6 Month -6.6%
1 Year 5%
3 Year 2.6%
5 Year 4.5%
10 Year
15 Year
Since launch 9.9%
Historical performance (Yearly) on absolute basis
YearReturns
2019 14.3%
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%
Fund Manager information for BNP Paribas Long Term Equity Fund (ELSS)
NameSinceTenure
Abhijeet Dey16 Nov 163.62 Yr.
Karthikraj Lakshmanan7 Oct 163.73 Yr.

Data below for BNP Paribas Long Term Equity Fund (ELSS) as on 30 Jun 20

Equity Sector Allocation
SectorValue
Financial Services28.01%
Technology13.97%
Consumer Defensive9.05%
Basic Materials8.3%
Communication Services7.68%
Consumer Cyclical6.31%
Industrials5.17%
Health Care5.14%
Energy5.01%
Utility3.86%
Asset Allocation
Asset ClassValue
Cash7.5%
Equity92.5%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Treps
CBLO/Reverse Repo | -
7%₹31 Cr
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFCBANK
7%₹29 Cr275,000
Infosys Ltd (Technology)
Equity, Since 31 Mar 09 | INFY
6%₹28 Cr375,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 12 | ICICIBANK
6%₹25 Cr698,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 18 | RELIANCE
5%₹21 Cr125,000
↑ 7,500
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 19 | BHARTIARTL
5%₹21 Cr375,950
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 18 | TCS
5%₹19 Cr92,500
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Jul 18 | HDFC
3%₹13 Cr75,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 532215
3%₹13 Cr315,000
↑ 80,000
HCL Technologies Ltd (Technology)
Equity, Since 30 Sep 19 | HCLTECH
3%₹13 Cr225,000

7. Invesco India Tax Plan

The investment objective of the Scheme is to generate long term capital growth from a diversified portfolio of predominantly equity and equity-related securities.

Invesco India Tax Plan is a Equity - ELSS fund was launched on 29 Dec 06. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 12.7% since its launch.  Ranked 17 in ELSS category.  Return for 2019 was 9.4% , 2018 was -1.3% and 2017 was 35.7% .

Below is the key information for Invesco India Tax Plan

Invesco India Tax Plan
Growth
Launch Date 29 Dec 06
NAV (31 Jul 20) ₹51.06 ↓ -0.15   (-0.29 %)
Net Assets (Cr) ₹997 on 30 Jun 20
Category Equity - ELSS
AMC Invesco Asset Management (India) Private Ltd
Rating
Risk Moderately High
Expense Ratio 2.71
Sharpe Ratio -0.16
Information Ratio 0.26
Alpha Ratio 3.47
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jul 15₹10,000
31 Jul 16₹10,337
31 Jul 17₹12,162
31 Jul 18₹14,062
31 Jul 19₹13,026

Invesco India Tax Plan SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹357,992.
Net Profit of ₹57,992
Invest Now

Returns for Invesco India Tax Plan

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Jul 20

DurationReturns
1 Month 6.5%
3 Month 10.6%
6 Month -6.3%
1 Year 5.8%
3 Year 4.3%
5 Year 6.6%
10 Year
15 Year
Since launch 12.7%
Historical performance (Yearly) on absolute basis
YearReturns
2019 9.4%
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%
Fund Manager information for Invesco India Tax Plan
NameSinceTenure
Amit Ganatra29 Mar 182.26 Yr.
Dhimant Kothari29 Mar 182.26 Yr.

Data below for Invesco India Tax Plan as on 30 Jun 20

Equity Sector Allocation
SectorValue
Financial Services31.1%
Consumer Cyclical11.33%
Energy9.97%
Technology9.81%
Consumer Defensive8.59%
Health Care6.28%
Industrials6.04%
Communication Services4.67%
Utility4.22%
Basic Materials3.69%
Asset Allocation
Asset ClassValue
Cash4.28%
Equity95.72%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE
10%₹99 Cr582,815
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK
10%₹96 Cr896,967
Infosys Ltd (Technology)
Equity, Since 31 Dec 19 | INFY
7%₹70 Cr955,725
↑ 14,171
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK
6%₹62 Cr1,751,256
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 19 | KOTAKBANK
5%₹52 Cr383,650
↑ 7,637
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Jun 19 | 500696
5%₹47 Cr214,739
Triparty Repo
CBLO/Reverse Repo | -
4%₹45 Cr
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 18 | HDFC
4%₹36 Cr207,394
↓ -185,805
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 19 | BHARTIARTL
3%₹35 Cr620,572
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Dec 19 | MARUTI
3%₹27 Cr46,107

8. IDBI Equity Advantage Fund

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 CAGR/Annualized return of since its launch.  Ranked 21 in ELSS category.  Return for 2019 was 5.7% , 2018 was -1.7% and 2017 was 35.3% .

Below is the key information for IDBI Equity Advantage Fund

IDBI Equity Advantage Fund
Growth
Launch Date 10 Sep 13
NAV (31 Jul 20) ₹24.41 ↓ -0.05   (-0.20 %)
Net Assets (Cr) ₹475 on 30 Jun 20
Category Equity - ELSS
AMC IDBI Asset Management Limited
Rating
Risk Moderately High
Expense Ratio 2.53
Sharpe Ratio -0.17
Information Ratio -0.29
Alpha Ratio 2.13
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jul 15₹10,000
31 Jul 16₹10,174
31 Jul 17₹11,605
31 Jul 18₹12,590
31 Jul 19₹11,520

IDBI Equity Advantage Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹323,701.
Net Profit of ₹23,701
Invest Now

Returns for IDBI Equity Advantage Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Jul 20

DurationReturns
1 Month 0%
3 Month 3.3%
6 Month -14.3%
1 Year -0.6%
3 Year -0.4%
5 Year 2.8%
10 Year
15 Year
Since launch
Historical performance (Yearly) on absolute basis
YearReturns
2019 5.7%
2018 -1.7%
2017 35.3%
2016 0%
2015 3.1%
2014 71.2%
2013
2012
2011
2010
Fund Manager information for IDBI Equity Advantage Fund
NameSinceTenure
Uma Venkatraman1 Jul 182 Yr.

Data below for IDBI Equity Advantage Fund as on 30 Jun 20

Equity Sector Allocation
SectorValue
Consumer Cyclical30.03%
Consumer Defensive23.11%
Financial Services15.9%
Basic Materials14.3%
Health Care6.58%
Industrials6.36%
Technology1.49%
Asset Allocation
Asset ClassValue
Cash2.22%
Equity97.78%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Pidilite Industries Ltd (Basic Materials)
Equity, Since 30 Sep 13 | PIDILITIND
7%₹33 Cr239,652
↓ -2,583
Nestle India Ltd (Consumer Defensive)
Equity, Since 30 Sep 13 | NESTLEIND
7%₹32 Cr18,866
↓ -201
MRF Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 500290
6%₹29 Cr4,281
↓ -46
Sanofi India Ltd (Healthcare)
Equity, Since 31 Jan 19 | 500674
6%₹27 Cr34,622
↓ -378
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Apr 20 | 500696
6%₹27 Cr122,394
↓ -1,337
Asian Paints Ltd (Basic Materials)
Equity, Since 30 Sep 13 | 500820
6%₹27 Cr157,773
↓ -1,634
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 13 | KOTAKBANK
5%₹26 Cr189,056
↓ -2,085
TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 31 Jan 14 | 532343
5%₹25 Cr664,754
↓ -7,205
Bata India Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 500043
5%₹25 Cr188,438
↓ -2,051
WABCO India Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | WABCOINDIA
5%₹24 Cr35,073
↓ -378

9. Kotak Tax Saver Fund

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 CAGR/Annualized return of 10.5% since its launch.  Ranked 19 in ELSS category.  Return for 2019 was 12.7% , 2018 was -3.8% and 2017 was 33.8% .

Below is the key information for Kotak Tax Saver Fund

Kotak Tax Saver Fund
Growth
Launch Date 23 Nov 05
NAV (31 Jul 20) ₹43.047 ↑ 0.08   (0.18 %)
Net Assets (Cr) ₹1,133 on 30 Jun 20
Category Equity - ELSS
AMC Kotak Mahindra Asset Management Co Ltd
Rating
Risk Moderately High
Expense Ratio 2.4
Sharpe Ratio -0.25
Information Ratio 0.05
Alpha Ratio 1.02
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jul 15₹10,000
31 Jul 16₹10,237
31 Jul 17₹12,533
31 Jul 18₹13,140
31 Jul 19₹13,120

Kotak Tax Saver Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹349,120.
Net Profit of ₹49,120
Invest Now

Returns for Kotak Tax Saver Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Jul 20

DurationReturns
1 Month 4.9%
3 Month 10.7%
6 Month -11%
1 Year 1.1%
3 Year 1.9%
5 Year 5.8%
10 Year
15 Year
Since launch 10.5%
Historical performance (Yearly) on absolute basis
YearReturns
2019 12.7%
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%
Fund Manager information for Kotak Tax Saver Fund
NameSinceTenure
Harsha Upadhyaya25 Aug 154.85 Yr.

Data below for Kotak Tax Saver Fund as on 30 Jun 20

Equity Sector Allocation
SectorValue
Basic Materials19.04%
Financial Services17.13%
Industrials15.4%
Consumer Defensive12.25%
Energy9.2%
Technology6.45%
Consumer Cyclical5.91%
Health Care5.28%
Utility4.2%
Asset Allocation
Asset ClassValue
Cash4.88%
Equity95.09%
Other0.02%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE
7%₹81 Cr475,000
↓ -31,666
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Apr 20 | 500696
5%₹59 Cr270,000
↑ 2,608
Triparty Repo
CBLO/Reverse Repo | -
5%₹55 Cr
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
4%₹49 Cr1,400,000
↓ -300,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK
4%₹41 Cr380,000
↓ -100,000
SRF Ltd (Basic Materials)
Equity, Since 30 Apr 16 | SRF
3%₹38 Cr105,000
Britannia Industries Ltd (Consumer Defensive)
Equity, Since 31 May 20 | 500825
3%₹36 Cr100,000
↑ 58,977
Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 14 | LT
3%₹33 Cr350,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | 532215
3%₹32 Cr777,025
Dr Reddy's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 18 | 500124
3%₹32 Cr80,000

10. HDFC Long Term Advantage Fund

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 CAGR/Annualized return of 19.5% since its launch.  Ranked 23 in ELSS category.  Return for 2019 was 10.1% , 2018 was -3.9% and 2017 was 36.2% .

Below is the key information for HDFC Long Term Advantage Fund

HDFC Long Term Advantage Fund
Growth
Launch Date 2 Jan 01
NAV (31 Jul 20) ₹328.792 ↑ 0.48   (0.15 %)
Net Assets (Cr) ₹1,064 on 30 Jun 20
Category Equity - ELSS
AMC HDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 2.17
Sharpe Ratio -0.42
Information Ratio -1.07
Alpha Ratio -4.62
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jul 15₹10,000
31 Jul 16₹10,596
31 Jul 17₹13,444
31 Jul 18₹14,440
31 Jul 19₹14,278

HDFC Long Term Advantage Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹357,992.
Net Profit of ₹57,992
Invest Now

Purchase not allowed

Returns for HDFC Long Term Advantage Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Jul 20

DurationReturns
1 Month 6.5%
3 Month 11.4%
6 Month -11.4%
1 Year -5.6%
3 Year 0.1%
5 Year 6.2%
10 Year
15 Year
Since launch 19.5%
Historical performance (Yearly) on absolute basis
YearReturns
2019 10.1%
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%
Fund Manager information for HDFC Long Term Advantage Fund
NameSinceTenure
Chirag Setalvad2 Apr 0713.26 Yr.

Data below for HDFC Long Term Advantage Fund as on 30 Jun 20

Equity Sector Allocation
SectorValue
Financial Services31.1%
Industrials18.76%
Energy14.08%
Technology12.58%
Basic Materials5.46%
Consumer Defensive5.34%
Health Care3.65%
Communication Services2.76%
Utility2.5%
Consumer Cyclical0.98%
Asset Allocation
Asset ClassValue
Cash2.45%
Equity97.55%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 05 | RELIANCE
10%₹110 Cr647,000
↓ -50,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 13 | HDFCBANK
10%₹105 Cr988,000
Infosys Ltd (Technology)
Equity, Since 30 Nov 06 | INFY
9%₹96 Cr1,300,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
8%₹87 Cr2,473,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFC
7%₹70 Cr400,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Oct 07 | LT
5%₹57 Cr607,500
ITC Ltd (Consumer Defensive)
Equity, Since 31 Oct 05 | ITC
5%₹55 Cr2,822,910
State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN
4%₹46 Cr2,600,000
Aurobindo Pharma Ltd (Healthcare)
Equity, Since 31 Mar 18 | AUROPHARMA
4%₹39 Cr500,000
Bharat Petroleum Corp Ltd (Energy)
Equity, Since 30 Sep 12 | 500547
4%₹37 Cr1,000,000

11. Sundaram Diversified Equity Fund

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 CAGR/Annualized return of 15% since its launch.  Ranked 14 in ELSS category.  Return for 2019 was 6.2% , 2018 was -10.6% and 2017 was 38.4% .

Below is the key information for Sundaram Diversified Equity Fund

Sundaram Diversified Equity Fund
Growth
Launch Date 22 Nov 99
NAV (31 Jul 20) ₹89.5939 ↑ 0.19   (0.21 %)
Net Assets (Cr) ₹2,071 on 30 Jun 20
Category Equity - ELSS
AMC Sundaram Asset Management Company Ltd
Rating
Risk Moderately High
Expense Ratio 2.61
Sharpe Ratio -0.47
Information Ratio -1.35
Alpha Ratio -6.95
Min Investment 500
Min SIP Investment 250
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jul 15₹10,000
31 Jul 16₹10,565
31 Jul 17₹12,990
31 Jul 18₹13,385
31 Jul 19₹12,256
31 Jul 20₹11,570

Sundaram Diversified Equity Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹323,701.
Net Profit of ₹23,701
Invest Now

Returns for Sundaram Diversified Equity Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Jul 20

DurationReturns
1 Month 6.4%
3 Month 12.2%
6 Month -13.8%
1 Year -5.6%
3 Year -3.8%
5 Year 3%
10 Year
15 Year
Since launch 15%
Historical performance (Yearly) on absolute basis
YearReturns
2019 6.2%
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%
Fund Manager information for Sundaram Diversified Equity Fund
NameSinceTenure
S Krishnakumar1 Apr 155.25 Yr.
Dwijendra Srivastava30 Dec 172.5 Yr.
Rohit Seksaria30 Dec 172.5 Yr.

Data below for Sundaram Diversified Equity Fund as on 30 Jun 20

Equity Sector Allocation
SectorValue
Financial Services28.99%
Industrials11.63%
Consumer Defensive11.59%
Consumer Cyclical10.29%
Energy9.14%
Basic Materials8.99%
Health Care6.73%
Communication Services5.39%
Technology5.37%
Utility0.6%
Asset Allocation
Asset ClassValue
Cash0.98%
Equity99.02%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 12 | RELIANCE
7%₹153 Cr896,447
↑ 106,345
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | HDFCBANK
6%₹127 Cr1,193,850
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 11 | ICICIBANK
4%₹92 Cr2,617,794
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 19 | BHARTIARTL
4%₹88 Cr1,569,232
↑ 85,589
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Jul 19 | HDFC
4%₹83 Cr472,812
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Sep 19 | 500696
3%₹67 Cr305,792
Infosys Ltd (Technology)
Equity, Since 30 Nov 16 | INFY
3%₹63 Cr856,904
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 May 18 | LT
3%₹62 Cr652,837
Varun Beverages Ltd (Consumer Defensive)
Equity, Since 31 Oct 16 | VBL
3%₹62 Cr904,668
SBI Life Insurance Co Ltd (Financial Services)
Equity, Since 30 Sep 17 | 540719
3%₹62 Cr763,254


ELSS SIP Calculator

Know Your SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹720,000
expected amount after 5 Years is ₹1,074,189.
Net Profit of ₹354,189
Invest Now

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?

  1. Open Free Investment Account for Lifetime at Fincash.com

  2. Complete your Registration and KYC Process

  3. Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!

    Get Started

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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Kruti, posted on 23 Nov 18 9:57 PM

Nice article. Highly recommended for guys who are looking to save tax under section 80c.

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