+91-22-62820123
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
- IDBI Equity Advantage Fund
- HDFC Long Term 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.
Talk to our investment specialist
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 ₹16.4539
↓ -0.01 ₹1,575 -1 -8.3 -4.9 14.9 -8.4 IDFC Tax Advantage (ELSS) Fund Growth ₹49.9
↑ 0.09 ₹1,710 -7 -13.4 -13.1 14.3 15.4 -9.4 DSP BlackRock Tax Saver Fund Growth ₹42.875
↑ 0.04 ₹4,692 -3.2 -10.5 -6.1 14.4 16.8 -7.6 Principal Tax Savings Fund Growth ₹188.83
↑ 0.04 ₹376 -6.3 -11.9 -11.3 16.3 16.1 -9.2 L&T Tax Advantage Fund Growth ₹48.711
↓ -0.03 ₹3,120 -9 -14.9 -12.3 13.4 15.1 -8.1 Kotak Tax Saver Scheme Growth ₹39.796
↓ -0.07 ₹781 -1.9 -7.6 -2.1 14.2 16.8 -3.8 Invesco India Tax Plan Growth ₹46.74
↓ -0.07 ₹696 -3 -12.1 -2.3 14.3 17.2 -1.3 IDBI Equity Advantage Fund Growth ₹24.31
↑ 0.07 ₹595 -6 -11.1 -6.9 9.6 17.3 -1.7 HDFC Long Term Advantage Fund Growth ₹329.627
↑ 0.10 ₹1,447 -2.4 -6.7 -3.4 17 15.2 -3.9 BNP Paribas Long Term Equity Fund (ELSS) Growth ₹34.673
↓ -0.06 ₹448 -1.6 -8.1 -6 9.2 14.5 -9.3 Sundaram Diversified Equity Fund Growth ₹91.5834
↑ 0.22 ₹2,539 -3.3 -13.3 -10.2 12.8 14.4 -10.6 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Feb 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 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 To generate long term capital appreciation from a portfolio that is predominantly in equity and equity related instruments HDFC Long Term Advantage Fund is a Equity - ELSS fund was launched on 2 Jan 01. It is a fund with Moderately High risk and has given a Below is the key information for HDFC Long Term Advantage Fund Returns up to 1 year are on The investment objective of the Scheme is to generate long-term capital growth from a diversified 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 12.1% 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 (19 Feb 19) ₹16.4539 ↓ -0.01 (-0.05 %) Net Assets (Cr) ₹1,575 on 31 Jan 19 Category Equity - ELSS AMC Tata Asset Management Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.61 Sharpe Ratio -0.56 Information Ratio -0.21 Alpha Ratio -9.87 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 15 ₹11,278 31 Jan 16 ₹11,212 31 Jan 17 ₹13,106 31 Jan 18 ₹17,593 31 Jan 19 ₹16,199 Returns for Tata India Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Feb 19 Duration Returns 1 Month -2.9% 3 Month -1% 6 Month -8.3% 1 Year -4.9% 3 Year 14.9% 5 Year 10 Year 15 Year Since launch 12.1% 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 3.59 Yr. Ennette Fernandes 18 Jun 18 0.37 Yr. Data below for Tata India Tax Savings Fund as on 31 Jan 19
Equity Sector Allocation
Sector Value Financial Services 42.14% Consumer Cyclical 14.39% Consumer Defensive 11.23% Industrials 8.73% Technology 8.05% Health Care 4.59% Energy 3.9% Basic Materials 3.13% Real Estate 0.67% Asset Allocation
Asset Class Value Cash 3.23% Equity 96.82% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK9% ₹146 Cr 4,015,000 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK7% ₹116 Cr 560,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322157% ₹108 Cr 1,500,000
↑ 140,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN6% ₹91 Cr 3,100,000
↑ 270,000 Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY5% ₹76 Cr 1,020,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 15 | KOTAKBANK4% ₹62 Cr 495,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE4% ₹61 Cr 500,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC4% ₹60 Cr 310,000 ITC Ltd (Consumer Defensive)
Equity, Since 30 Sep 16 | ITC3% ₹53 Cr 1,900,000
↑ 570,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 18 | TCS3% ₹50 Cr 250,000 2. IDFC Tax Advantage (ELSS) Fund
CAGR/Annualized return of 17.2% 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 (19 Feb 19) ₹49.9 ↑ 0.09 (0.18 %) Net Assets (Cr) ₹1,710 on 31 Jan 19 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.74 Sharpe Ratio -1.13 Information Ratio -0.29 Alpha Ratio -12.02 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 14 ₹10,000 31 Jan 15 ₹16,194 31 Jan 16 ₹15,090 31 Jan 17 ₹17,321 31 Jan 18 ₹25,108 31 Jan 19 ₹21,629 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Feb 19 Duration Returns 1 Month -5.6% 3 Month -7% 6 Month -13.4% 1 Year -13.1% 3 Year 14.3% 5 Year 15.4% 10 Year 15 Year Since launch 17.2% 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 2.03 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 31 Jan 19
Equity Sector Allocation
Sector Value Financial Services 27.43% Consumer Cyclical 14.03% Technology 10.28% Basic Materials 9.58% Industrials 7.99% Consumer Defensive 6.41% Health Care 6.07% Energy 5.85% Utility 4.75% Asset Allocation
Asset Class Value Cash 6.48% Equity 92.99% Other 0.52% Top Securities Holdings / Portfolio
Name Holding Value Quantity Triparty Repo
CBLO/Reverse Repo | -7% ₹119 Cr ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK6% ₹106 Cr 2,900,000
↑ 250,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY4% ₹73 Cr 975,000
↑ 150,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK4% ₹73 Cr 350,000 State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN4% ₹68 Cr 2,300,000
↑ 400,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE4% ₹67 Cr 550,000 Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 18 | 5322154% ₹61 Cr 850,000
↑ 300,000 RBL Bank Ltd (Financial Services)
Equity, Since 31 Aug 16 | RBLBANK3% ₹45 Cr 800,000 Future Retail Ltd (Consumer Cyclical)
Equity, Since 31 Aug 16 | FRETAIL3% ₹44 Cr 1,020,000
↑ 10,000 Nestle India Ltd (Consumer Defensive)
Equity, Since 28 Feb 18 | NESTLEIND2% ₹34 Cr 30,000
↓ -300 3. DSP BlackRock Tax Saver Fund
CAGR/Annualized return of 12.8% 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 (19 Feb 19) ₹42.875 ↑ 0.04 (0.10 %) Net Assets (Cr) ₹4,692 on 31 Jan 19 Category Equity - ELSS AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.47 Sharpe Ratio -0.66 Information Ratio -0.21 Alpha Ratio -2.73 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 14 ₹10,000 31 Jan 15 ₹16,612 31 Jan 16 ₹15,683 31 Jan 17 ₹19,559 31 Jan 18 ₹24,817 31 Jan 19 ₹22,637 Returns for DSP BlackRock Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Feb 19 Duration Returns 1 Month -4.1% 3 Month -3.2% 6 Month -10.5% 1 Year -6.1% 3 Year 14.4% 5 Year 16.8% 10 Year 15 Year Since launch 12.8% 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 3.3 Yr. Data below for DSP BlackRock Tax Saver Fund as on 31 Jan 19
Equity Sector Allocation
Sector Value Financial Services 38.58% Technology 12.12% Basic Materials 11.29% Health Care 8.24% Industrials 7.54% Consumer Defensive 5.29% Consumer Cyclical 5.01% Energy 4.29% Utility 3.29% Real Estate 0.72% Asset Allocation
Asset Class Value Cash 3.63% Equity 96.37% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK8% ₹398 Cr 10,930,421
↓ -1,235,880 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK8% ₹382 Cr 1,838,413
↓ -44,572 Treps / Reverse Repo Investments / Corporate Debt Repo
CBLO/Reverse Repo | -4% ₹192 Cr Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY4% ₹185 Cr 2,471,052
↓ -394,693 Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 5322154% ₹179 Cr 2,481,545
↑ 882,227 State Bank of India (Financial Services)
Equity, Since 30 Jun 08 | SBIN3% ₹152 Cr 5,163,304
↓ -1,206,718 Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 16 | LT3% ₹149 Cr 1,131,025
↓ -99,369 Tech Mahindra Ltd (Technology)
Equity, Since 30 Jun 18 | 5327553% ₹127 Cr 1,729,994
↓ -163,621 Aurobindo Pharma Ltd (Healthcare)
Equity, Since 30 Sep 18 | AUROPHARMA2% ₹117 Cr 1,483,411
↑ 140,608 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 28 Feb 17 | KOTAKBANK2% ₹111 Cr 885,953
↑ 184,810 4. Principal Tax Savings Fund
CAGR/Annualized return of 15.8% 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 (19 Feb 19) ₹188.83 ↑ 0.04 (0.02 %) Net Assets (Cr) ₹376 on 31 Jan 19 Category Equity - ELSS AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.88 Sharpe Ratio -0.84 Information Ratio 0.21 Alpha Ratio -6.07 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 14 ₹10,000 31 Jan 15 ₹16,281 31 Jan 16 ₹14,681 31 Jan 17 ₹18,092 31 Jan 18 ₹25,310 31 Jan 19 ₹22,269 Returns for Principal Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Feb 19 Duration Returns 1 Month -6% 3 Month -6.3% 6 Month -11.9% 1 Year -11.3% 3 Year 16.3% 5 Year 16.1% 10 Year 15 Year Since launch 15.8% 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 31 Jan 19
Equity Sector Allocation
Sector Value Financial Services 27.26% Consumer Defensive 13.06% Basic Materials 11.41% Technology 11.05% Consumer Cyclical 8.78% Industrials 8.64% Utility 5.46% Health Care 5.17% Energy 4.39% Communication Services 1.32% Asset Allocation
Asset Class Value Cash 3.46% Equity 96.54% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK5% ₹19 Cr 91,334 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK5% ₹19 Cr 509,143 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 08 | RELIANCE4% ₹16 Cr 134,452 Treps 01-Feb-2019
CBLO/Reverse Repo | -4% ₹15 Cr Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 14 | TCS4% ₹14 Cr 68,640 ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC3% ₹13 Cr 455,396 Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY3% ₹12 Cr 161,594 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jan 16 | KOTAKBANK3% ₹11 Cr 89,915
↑ 18,500 State Bank of India (Financial Services)
Equity, Since 30 Apr 05 | SBIN3% ₹11 Cr 369,851 Tata Power Co Ltd (Utilities)
Equity, Since 30 Nov 17 | 5004003% ₹10 Cr 1,442,240 5. L&T Tax Advantage Fund
CAGR/Annualized return of 13% 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 (19 Feb 19) ₹48.711 ↓ -0.03 (-0.06 %) Net Assets (Cr) ₹3,120 on 31 Jan 19 Category Equity - ELSS AMC L&T Investment Management Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.61 Sharpe Ratio -1.1 Information Ratio -0.24 Alpha Ratio -10.94 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 14 ₹10,000 31 Jan 15 ₹15,978 31 Jan 16 ₹14,664 31 Jan 17 ₹17,851 31 Jan 18 ₹24,389 31 Jan 19 ₹21,309 Returns for L&T Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Feb 19 Duration Returns 1 Month -6.3% 3 Month -9% 6 Month -14.9% 1 Year -12.3% 3 Year 13.4% 5 Year 15.1% 10 Year 15 Year Since launch 13% 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 5.94 Yr. Data below for L&T Tax Advantage Fund as on 31 Jan 19
Equity Sector Allocation
Sector Value Financial Services 28.69% Industrials 13.86% Technology 13.51% Basic Materials 11.55% Consumer Cyclical 10% Health Care 6.47% Energy 3.65% Consumer Defensive 2.64% Communication Services 2.18% Utility 1.01% Asset Allocation
Asset Class Value Cash 5.17% Equity 94.21% Other 0.62% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK5% ₹170 Cr 4,658,200
↑ 478,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK5% ₹162 Cr 777,700 (A) Tri Party Repo Dealing System (Treps)
CBLO/Reverse Repo | -5% ₹161 Cr Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 May 17 | HDFC4% ₹125 Cr 649,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 09 | TCS4% ₹124 Cr 615,500
↑ 49,800 Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY3% ₹102 Cr 1,355,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 06 | LT3% ₹99 Cr 753,000 Graphite India Ltd (Industrials)
Equity, Since 31 Jan 17 | 5094883% ₹92 Cr 1,632,935 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCE3% ₹91 Cr 739,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 May 17 | 5322153% ₹89 Cr 1,228,000 6. Kotak Tax Saver Scheme
CAGR/Annualized return of 11% 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 (19 Feb 19) ₹39.796 ↓ -0.07 (-0.17 %) Net Assets (Cr) ₹781 on 31 Jan 19 Category Equity - ELSS AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.73 Sharpe Ratio -0.45 Information Ratio -0.1 Alpha Ratio 0.86 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 14 ₹10,000 31 Jan 15 ₹17,630 31 Jan 16 ₹15,488 31 Jan 17 ₹18,986 31 Jan 18 ₹23,664 31 Jan 19 ₹22,657 Returns for Kotak Tax Saver Scheme
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Feb 19 Duration Returns 1 Month -3.7% 3 Month -1.9% 6 Month -7.6% 1 Year -2.1% 3 Year 14.2% 5 Year 16.8% 10 Year 15 Year Since launch 11% 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 31 Jan 19
Equity Sector Allocation
Sector Value Financial Services 27.29% Industrials 17.08% Basic Materials 12.72% Technology 11.85% Energy 8.01% Consumer Defensive 6.85% Consumer Cyclical 5.6% Health Care 4.69% Utility 4.32% Asset Allocation
Asset Class Value Cash 1.39% Equity 98.42% Debt 0% Other 0.19% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE7% ₹57 Cr 464,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK6% ₹50 Cr 240,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK6% ₹48 Cr 1,325,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | 5322156% ₹43 Cr 600,000
↑ 185,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 18 | TCS4% ₹34 Cr 170,000 Infosys Ltd (Technology)
Equity, Since 31 Dec 05 | INFY4% ₹34 Cr 450,000 GlaxoSmithKline Consumer Healthcare Ltd (Consumer Defensive)
Equity, Since 30 Nov 17 | 5006764% ₹33 Cr 45,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 14 | LT4% ₹32 Cr 245,000 AU Small Finance Bank Ltd (Financial Services)
Equity, Since 30 Jun 17 | 5406113% ₹23 Cr 395,000 Bharat Financial Inclusion Ltd (Financial Services)
Equity, Since 30 Jun 18 | BHARATFIN3% ₹21 Cr 219,090 7. Invesco India Tax Plan
CAGR/Annualized return of 13.5% 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 (19 Feb 19) ₹46.74 ↓ -0.07 (-0.15 %) Net Assets (Cr) ₹696 on 31 Jan 19 Category Equity - ELSS AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.71 Sharpe Ratio -0.47 Information Ratio -0.59 Alpha Ratio -1.87 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 14 ₹10,000 31 Jan 15 ₹16,885 31 Jan 16 ₹16,125 31 Jan 17 ₹18,351 31 Jan 18 ₹24,389 31 Jan 19 ₹23,125 Returns for Invesco India Tax Plan
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Feb 19 Duration Returns 1 Month -4% 3 Month -3% 6 Month -12.1% 1 Year -2.3% 3 Year 14.3% 5 Year 17.2% 10 Year 15 Year Since launch 13.5% 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 0.59 Yr. Dhimant Kothari 29 Mar 18 0.59 Yr. Data below for Invesco India Tax Plan as on 31 Jan 19
Equity Sector Allocation
Sector Value Financial Services 32.95% Consumer Cyclical 15.03% Technology 11.42% Industrials 11.41% Energy 8.87% Consumer Defensive 5.83% Health Care 4.47% Basic Materials 3.39% Utility 3.17% Asset Allocation
Asset Class Value Cash 3.46% Equity 96.54% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK9% ₹60 Cr 290,808
↓ -5,113 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE7% ₹49 Cr 397,866
↓ -19,587 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 18 | HDFC7% ₹45 Cr 236,674 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK6% ₹43 Cr 1,167,075 Infosys Ltd (Technology)
Equity, Since 30 Jun 15 | INFY6% ₹41 Cr 541,233 IndusInd Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | INDUSINDBK4% ₹29 Cr 192,275
↑ 10,835 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 17 | LT4% ₹28 Cr 214,136 Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | 5322154% ₹25 Cr 342,578
↑ 24,867 Triparty Repo
CBLO/Reverse Repo | -3% ₹23 Cr United Breweries Ltd (Consumer Defensive)
Equity, Since 31 May 16 | 5324783% ₹22 Cr 151,713 8. 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 (19 Feb 19) ₹24.31 ↑ 0.07 (0.29 %) Net Assets (Cr) ₹595 on 31 Jan 19 Category Equity - ELSS AMC IDBI Asset Management Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.86 Sharpe Ratio -0.49 Information Ratio -0.57 Alpha Ratio -3.32 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 14 ₹10,000 31 Jan 15 ₹19,173 31 Jan 16 ₹17,381 31 Jan 17 ₹19,311 31 Jan 18 ₹24,623 31 Jan 19 ₹23,051 Returns for IDBI Equity Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Feb 19 Duration Returns 1 Month -5% 3 Month -6% 6 Month -11.1% 1 Year -6.9% 3 Year 9.6% 5 Year 17.3% 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 0.33 Yr. Ayushi Sethia 9 Oct 18 0.06 Yr. Data below for IDBI Equity Advantage Fund as on 31 Jan 19
Equity Sector Allocation
Sector Value Consumer Cyclical 31.38% Consumer Defensive 20.68% Financial Services 20.28% Basic Materials 11.77% Industrials 11.73% Health Care 1.09% Asset Allocation
Asset Class Value Cash 2.83% Equity 96.93% Debt 0.01% Other 0.23% Top Securities Holdings / Portfolio
Name Holding Value Quantity Page Industries Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 5328276% ₹37 Cr 15,969 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 30 Nov 13 | CHOLAFIN6% ₹36 Cr 308,490 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 31 Jan 14 | 5323436% ₹34 Cr 686,342
↓ -117,232 Pidilite Industries Ltd (Basic Materials)
Equity, Since 30 Sep 13 | PIDILITIND5% ₹32 Cr 287,946
↓ -35,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 13 | KOTAKBANK5% ₹31 Cr 246,474 MRF Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 5002905% ₹30 Cr 4,950 VST Industries Ltd (Consumer Defensive)
Equity, Since 30 Sep 13 | 5099665% ₹28 Cr 88,342 Nestle India Ltd (Consumer Defensive)
Equity, Since 30 Sep 13 | NESTLEIND5% ₹28 Cr 23,954 Asian Paints Ltd (Basic Materials)
Equity, Since 30 Sep 13 | 5008205% ₹27 Cr 194,293 United Breweries Ltd (Consumer Defensive)
Equity, Since 30 Apr 15 | 5324785% ₹27 Cr 187,479 9. HDFC Long Term Advantage Fund
CAGR/Annualized return of 21.3% 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 (19 Feb 19) ₹329.627 ↑ 0.10 (0.03 %) Net Assets (Cr) ₹1,447 on 31 Jan 19 Category Equity - ELSS AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.49 Sharpe Ratio -0.59 Information Ratio 0.2 Alpha Ratio -8.62 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 14 ₹10,000 31 Jan 15 ₹15,324 31 Jan 16 ₹13,670 31 Jan 17 ₹17,059 31 Jan 18 ₹22,706 31 Jan 19 ₹21,277
Purchase not allowed Returns for HDFC Long Term Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Feb 19 Duration Returns 1 Month -3.9% 3 Month -2.4% 6 Month -6.7% 1 Year -3.4% 3 Year 17% 5 Year 15.2% 10 Year 15 Year Since launch 21.3% 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 11.76 Yr. Amar Kalkundrikar 10 Jan 19 0 Yr. Data below for HDFC Long Term Advantage Fund as on 31 Jan 19
Equity Sector Allocation
Sector Value Financial Services 30.8% Industrials 17.18% Energy 12.82% Technology 9.86% Basic Materials 9.34% Consumer Defensive 4.58% Health Care 4.47% Consumer Cyclical 3.8% Utility 1.98% Communication Services 0.86% Asset Allocation
Asset Class Value Cash 4.3% Equity 95.7% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 05 | RELIANCE10% ₹141 Cr 1,150,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 13 | HDFCBANK9% ₹134 Cr 645,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK8% ₹120 Cr 3,300,000 Infosys Ltd (Technology)
Equity, Since 30 Nov 06 | INFY8% ₹109 Cr 1,453,908 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Oct 07 | LT6% ₹80 Cr 607,500 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFC5% ₹77 Cr 400,000 State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN5% ₹76 Cr 2,600,000 Collateralised Borrowing & Lending Obligation
CBLO | -4% ₹65 Cr ITC Ltd (Consumer Defensive)
Equity, Since 31 Oct 05 | ITC4% ₹65 Cr 2,322,910 Vesuvius India Ltd (Industrials)
Equity, Since 31 Jan 11 | 5201133% ₹46 Cr 400,000 10. BNP Paribas Long Term Equity Fund (ELSS)
CAGR/Annualized return of 9.9% 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 (19 Feb 19) ₹34.673 ↓ -0.06 (-0.18 %) Net Assets (Cr) ₹448 on 31 Jan 19 Category Equity - ELSS AMC BNP Paribas Asset Mgmt India Pvt. Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.75 Sharpe Ratio -0.73 Information Ratio -1.01 Alpha Ratio -5.3 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 14 ₹10,000 31 Jan 15 ₹17,135 31 Jan 16 ₹15,715 31 Jan 17 ₹16,953 31 Jan 18 ₹22,219 31 Jan 19 ₹20,351 Returns for BNP Paribas Long Term Equity Fund (ELSS)
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Feb 19 Duration Returns 1 Month -3.8% 3 Month -1.6% 6 Month -8.1% 1 Year -6% 3 Year 9.2% 5 Year 14.5% 10 Year 15 Year Since launch 9.9% 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 1.96 Yr. Karthikraj Lakshmanan 7 Oct 16 2.07 Yr. Data below for BNP Paribas Long Term Equity Fund (ELSS) as on 31 Jan 19
Equity Sector Allocation
Sector Value Financial Services 36.36% Technology 11.43% Consumer Cyclical 11.39% Industrials 11.22% Consumer Defensive 9.08% Basic Materials 5.11% Health Care 2.42% Energy 2.19% Utility 1.56% Asset Allocation
Asset Class Value Cash 9.23% Equity 90.77% Top Securities Holdings / Portfolio
Name Holding Value Quantity Treps
CBLO/Reverse Repo | -10% ₹44 Cr HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFCBANK9% ₹41 Cr 198,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 12 | ICICIBANK7% ₹30 Cr 825,000
↑ 25,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322156% ₹25 Cr 350,000
↑ 50,000 Infosys Ltd (Technology)
Equity, Since 31 Mar 09 | INFY5% ₹21 Cr 275,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 18 | TCS4% ₹20 Cr 97,500
↑ 10,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 28 Feb 15 | KOTAKBANK4% ₹18 Cr 145,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Oct 17 | LT4% ₹17 Cr 125,988
↓ -4,012 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Jul 18 | HDFC3% ₹13 Cr 70,000 ITC Ltd (Consumer Defensive)
Equity, Since 28 Feb 18 | ITC3% ₹13 Cr 480,000
↑ 40,000 11. Sundaram Diversified Equity Fund
CAGR/Annualized return of 16.3% 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 (19 Feb 19) ₹91.5834 ↑ 0.22 (0.25 %) Net Assets (Cr) ₹2,539 on 31 Jan 19 Category Equity - ELSS AMC Sundaram Asset Management Company Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.61 Sharpe Ratio -0.89 Information Ratio -0.54 Alpha Ratio -9.15 Min Investment 500 Min SIP Investment 250 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 14 ₹10,000 31 Jan 15 ₹16,176 31 Jan 16 ₹14,802 31 Jan 17 ₹18,042 31 Jan 18 ₹23,178 31 Jan 19 ₹20,396 Returns for Sundaram Diversified Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Feb 19 Duration Returns 1 Month -4.4% 3 Month -3.3% 6 Month -13.3% 1 Year -10.2% 3 Year 12.8% 5 Year 14.4% 10 Year 15 Year Since launch 16.3% 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 3.59 Yr. Data below for Sundaram Diversified Equity Fund as on 31 Jan 19
Equity Sector Allocation
Sector Value Financial Services 35.11% Consumer Cyclical 14.21% Industrials 13.14% Technology 10.55% Basic Materials 9.71% Consumer Defensive 5.76% Health Care 5.48% Energy 2.81% Utility 1.17% Asset Allocation
Asset Class Value Cash 2.07% Equity 97.93% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 11 | ICICIBANK6% ₹155 Cr 4,261,114 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | HDFCBANK5% ₹130 Cr 625,597
↑ 20,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 May 18 | 5322155% ₹119 Cr 1,641,415 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Oct 12 | 5000344% ₹103 Cr 401,460 State Bank of India (Financial Services)
Equity, Since 31 Oct 17 | SBIN4% ₹102 Cr 3,479,521
↑ 387,251 Tech Mahindra Ltd (Technology)
Equity, Since 31 Jul 18 | 5327553% ₹81 Cr 1,108,641 Infosys Ltd (Technology)
Equity, Since 30 Nov 16 | INFY3% ₹80 Cr 1,063,000
↑ 235,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 12 | RELIANCE3% ₹71 Cr 580,667 Ramco Cements Ltd (Basic Materials)
Equity, Since 31 Mar 12 | RAMCOCEM3% ₹64 Cr 1,070,287 Treps
CBLO/Reverse Repo | -2% ₹58 Cr
ELSS SIP Calculator
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.
You Might Also Like
AMFI Registration No. 112358 | CIN: U74999MH2016PTC282153
Shepard Technologies Pvt. Ltd. (with ARN code 112358) makes no warranties or representations, express or implied, on products offered through the platform. It accepts no liability for any damages or losses, however caused, in connection with the use of, or on the reliance of its product or related services. Terms and conditions of the website are applicable.
©2019 Shepard Technologies Private Limited. All Rights Reserved
Nice article. Highly recommended for guys who are looking to save tax under section 80c.