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Table of Contents
- Who Can Invest in ELSS Fund?
- Other Tax Saving Options?
- Top 11 Best Performing ELSS Mutual Funds for Investment in FY 20 - 21
- 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
- L&T Tax Advantage Fund
- Principal Tax Savings Fund
- BOI AXA Tax Advantage Fund
- BNP Paribas Long Term Equity Fund (ELSS)
- Invesco India Tax Plan
- Kotak Tax Saver Scheme
- IDBI Equity Advantage Fund
- Sundaram Diversified Equity Fund
- HDFC Long Term Advantage Fund
11 Best Tax Saving ELSS Mutual Funds 2020
Best elss Funds or Equity Linked Savings Schemes are equity diversified Mutual Funds that majorly invest in equity-linked instruments (like shares and stocks) to provide market-linked returns and help save direct tax on income. Typically, 80% of the fund corpus is invested in equity and the remaining in debt instruments.
ELSS funds are also known as the tax saving Mutual Funds as they offer tax benefits under Section 80C of the Income Tax Act. Moreover, the ELSS Mutual Funds are open-ended, which means that the investors can subscribe in these funds as and when they want.
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Who Can Invest in ELSS Fund?
Generally, ELSS Mutual Funds are suitable for all kinds of investors who are willing to take market-linked risks for Tax Planning and saving money. Anyone can invest in ELSS funds at any point of time in their life. However, it is suggested to invest in tax saving ELSS funds during the early stage of your career so that your money grows over time and you earn better returns.
Hence, save tax and earn good returns both at the same time by Investing in best ELSS funds. Investors should be aware that amount invested in ELSS funds is locked for 3 Years.
Investors can invest in ELSS mutual funds as lumpsum (One Time) of SIP (Systematic Investment plan). It is advised for beginners to generally invest using SIP as it better suited for them.
Other Tax Saving Options?
Similar to ELSS other options under Section 80c includes : Life Insurance premium, Tax saving fixed deposits, PPF, NSC, EPF, Unit Linked Equity Plans (ULIP). One should know combines limit of saving under section 80c is limited to 1.5 Lakhs Per Financial year.
Top 11 Best Performing ELSS Mutual Funds for Investment in FY 20 - 21
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2019 (%) Tata India Tax Savings Fund Growth ₹14.0429
↑ 1.03 ₹2,060 -26.1 -20.3 -22.5 -2.3 2.9 13.6 IDFC Tax Advantage (ELSS) Fund Growth ₹38.25
↑ 2.65 ₹2,060 -30.1 -25 -32.4 -6.4 -1.4 1.9 L&T Tax Advantage Fund Growth ₹40.063
↑ 2.61 ₹3,206 -27.4 -20.9 -25.9 -5.4 1 4.6 Principal Tax Savings Fund Growth ₹155.63
↑ 10.94 ₹389 -24.5 -18.5 -25.8 -4.2 1.7 2.5 BOI AXA Tax Advantage Fund Growth ₹46.24
↑ 2.61 ₹280 -15.6 -9.4 -8.5 2.6 3.1 14.6 BNP Paribas Long Term Equity Fund (ELSS) Growth ₹32.601
↑ 2.08 ₹463 -20.5 -15.2 -13.4 -0.1 1 14.3 Invesco India Tax Plan Growth ₹41.52
↑ 2.93 ₹1,028 -21.6 -15.9 -18.8 0.1 2.6 9.4 Kotak Tax Saver Scheme Growth ₹35.026
↑ 2.43 ₹1,135 -25 -17.8 -19.8 -2.6 1.8 12.7 IDBI Equity Advantage Fund Growth ₹21.8
↑ 1.01 ₹536 -21.6 -17.5 -17.1 -1.8 0.8 5.7 Sundaram Diversified Equity Fund Growth ₹72.9674
↑ 4.73 ₹2,452 -28.4 -24 -28.3 -7.1 -0.6 6.2 HDFC Long Term Advantage Fund Growth ₹261.172
↑ 17.56 ₹1,274 -29.8 -24.2 -28.2 -4.3 1.5 10.1 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 7 Apr 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.
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 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 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 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 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 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 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 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 1. Tata India Tax Savings Fund
CAGR/Annualized return of 6.4% since its launch. Ranked 1 in ELSS category. Return for 2019 was 13.6% , 2018 was -8.4% and 2017 was 46% . Tata India Tax Savings Fund
Growth Launch Date 13 Oct 14 NAV (07 Apr 20) ₹14.0429 ↑ 1.03 (7.89 %) Net Assets (Cr) ₹2,060 on 29 Feb 20 Category Equity - ELSS AMC Tata Asset Management Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.08 Sharpe Ratio 0.46 Information Ratio -0.3 Alpha Ratio 0.94 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 15 ₹10,000 31 Mar 16 ₹9,815 31 Mar 17 ₹12,397 31 Mar 18 ₹14,144 31 Mar 19 ₹15,272 31 Mar 20 ₹11,620 Returns for Tata India Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 7 Apr 20 Duration Returns 1 Month -21.3% 3 Month -26.1% 6 Month -20.3% 1 Year -22.5% 3 Year -2.3% 5 Year 2.9% 10 Year 15 Year Since launch 6.4% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Rupesh Patel 1 Apr 15 4.59 Yr. Ennette Fernandes 18 Jun 18 1.37 Yr. Data below for Tata India Tax Savings Fund as on 29 Feb 20
Equity Sector Allocation
Sector Value Financial Services 40.83% Consumer Cyclical 10.91% Energy 9.34% Technology 8.88% Industrials 8.03% Basic Materials 4.57% Health Care 4.13% Communication Services 2.92% Consumer Defensive 2.34% Real Estate 0.84% Asset Allocation
Asset Class Value Cash 7.19% Equity 92.81% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK9% ₹189 Cr 3,800,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN8% ₹161 Cr 5,325,000 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK7% ₹151 Cr 1,282,000 (A) Treps
CBLO/Reverse Repo | -6% ₹125 Cr Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC6% ₹123 Cr 565,000 Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY6% ₹123 Cr 1,680,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE6% ₹116 Cr 870,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322155% ₹105 Cr 1,500,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 19 | BHARTIARTL3% ₹60 Cr 1,150,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 18 | TCS3% ₹60 Cr 300,000 2. IDFC Tax Advantage (ELSS) Fund
CAGR/Annualized return of 12.6% since its launch. Ranked 3 in ELSS category. Return for 2019 was 1.9% , 2018 was -9.4% and 2017 was 53.4% . IDFC Tax Advantage (ELSS) Fund
Growth Launch Date 26 Dec 08 NAV (07 Apr 20) ₹38.25 ↑ 2.65 (7.44 %) Net Assets (Cr) ₹2,060 on 29 Feb 20 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.22 Sharpe Ratio -0.02 Information Ratio -0.34 Alpha Ratio -2.93 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 15 ₹10,000 31 Mar 16 ₹8,992 31 Mar 17 ₹11,463 31 Mar 18 ₹14,033 31 Mar 19 ₹14,163 31 Mar 20 ₹9,325 IDFC Tax Advantage (ELSS) Fund SIP Returns
Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 7 Apr 20 Duration Returns 1 Month -25.6% 3 Month -30.1% 6 Month -25% 1 Year -32.4% 3 Year -6.4% 5 Year -1.4% 10 Year 15 Year Since launch 12.6% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Daylynn Pinto 20 Oct 16 3.2 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 29 Feb 20
Equity Sector Allocation
Sector Value Financial Services 29.01% Industrials 16.64% Consumer Cyclical 13.29% Basic Materials 11.95% Technology 8.18% Energy 5.77% Health Care 4.88% Consumer Defensive 3.02% Communication Services 1.4% Utility 1.19% Asset Allocation
Asset Class Value Cash 3.98% Equity 96.02% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK8% ₹159 Cr 3,200,000 Triparty Repo
CBLO/Reverse Repo | -4% ₹85 Cr Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE4% ₹83 Cr 625,000
↑ 25,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY4% ₹82 Cr 1,125,000 State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN4% ₹82 Cr 2,700,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK4% ₹80 Cr 680,000 Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 18 | 5322153% ₹70 Cr 1,000,000 RBL Bank Ltd (Financial Services)
Equity, Since 31 Aug 16 | RBLBANK3% ₹54 Cr 1,850,000 Deepak Nitrite Ltd (Basic Materials)
Equity, Since 31 Mar 17 | 5064012% ₹51 Cr 1,110,000
↓ -70,000 KEC International Ltd (Industrials)
Equity, Since 30 Sep 15 | 5327142% ₹51 Cr 1,650,000 3. L&T Tax Advantage Fund
CAGR/Annualized return of 10.3% since its launch. Ranked 7 in ELSS category. Return for 2019 was 4.6% , 2018 was -8.1% and 2017 was 42.3% . L&T Tax Advantage Fund
Growth Launch Date 27 Feb 06 NAV (07 Apr 20) ₹40.063 ↑ 2.61 (6.97 %) Net Assets (Cr) ₹3,206 on 29 Feb 20 Category Equity - ELSS AMC L&T Investment Management Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.21 Sharpe Ratio 0.26 Information Ratio -0.56 Alpha Ratio 1.42 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 15 ₹10,000 31 Mar 16 ₹9,570 31 Mar 17 ₹12,483 31 Mar 18 ₹14,471 31 Mar 19 ₹14,403 31 Mar 20 ₹10,491 Returns for L&T Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 7 Apr 20 Duration Returns 1 Month -22.7% 3 Month -27.4% 6 Month -20.9% 1 Year -25.9% 3 Year -5.4% 5 Year 1% 10 Year 15 Year Since launch 10.3% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Venugopal Manghat 17 Dec 19 0.04 Yr. Vihang Naik 17 Dec 19 0.04 Yr. Data below for L&T Tax Advantage Fund as on 29 Feb 20
Equity Sector Allocation
Sector Value Financial Services 34.13% Basic Materials 13.44% Consumer Cyclical 11.26% Health Care 10.78% Technology 10.03% Industrials 6.45% Energy 4.38% Communication Services 3.93% Consumer Defensive 3.36% Asset Allocation
Asset Class Value Cash 1.57% Equity 97.76% Other 0.67% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK6% ₹183 Cr 3,684,800
↓ -644,200 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK5% ₹173 Cr 1,470,500 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | KOTAKBANK4% ₹135 Cr 834,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 17 | BHARTIARTL4% ₹126 Cr 2,403,800 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCE4% ₹113 Cr 853,000 Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY3% ₹100 Cr 1,370,200 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 09 | TCS3% ₹95 Cr 476,300
↓ -158,700 HCL Technologies Ltd (Technology)
Equity, Since 30 Sep 17 | HCLTECH3% ₹94 Cr 1,758,400 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 06 | LT3% ₹92 Cr 778,000
↓ -75,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 May 17 | HDFC3% ₹87 Cr 399,000 4. Principal Tax Savings Fund
CAGR/Annualized return of 14% since its launch. Ranked 8 in ELSS category. Return for 2019 was 2.5% , 2018 was -9.2% and 2017 was 48.8% . Principal Tax Savings Fund
Growth Launch Date 31 Mar 96 NAV (07 Apr 20) ₹155.63 ↑ 10.94 (7.56 %) Net Assets (Cr) ₹389 on 29 Feb 20 Category Equity - ELSS AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.61 Sharpe Ratio -0.02 Information Ratio -0.42 Alpha Ratio -2.16 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 15 ₹10,000 31 Mar 16 ₹9,447 31 Mar 17 ₹12,573 31 Mar 18 ₹14,636 31 Mar 19 ₹14,993 31 Mar 20 ₹10,906 Returns for Principal Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 7 Apr 20 Duration Returns 1 Month -19.5% 3 Month -24.5% 6 Month -18.5% 1 Year -25.8% 3 Year -4.2% 5 Year 1.7% 10 Year 15 Year Since launch 14% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Sudhir Kedia 29 Oct 19 0.17 Yr. Data below for Principal Tax Savings Fund as on 29 Feb 20
Equity Sector Allocation
Sector Value Financial Services 34.49% Consumer Defensive 11.95% Industrials 9.05% Technology 8.07% Consumer Cyclical 7.82% Energy 7.32% Basic Materials 6.57% Health Care 5.54% Utility 4.52% Communication Services 1.87% Asset Allocation
Asset Class Value Cash 2.72% Equity 97.28% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK8% ₹30 Cr 255,638 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK7% ₹27 Cr 536,104
↑ 9,956 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 08 | RELIANCE6% ₹22 Cr 168,133
↑ 7,827 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 13 | LT4% ₹17 Cr 144,140
↑ 15,670 Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY4% ₹15 Cr 203,883
↓ -27,015 Treps 02-Mar-2020
CBLO/Reverse Repo | -4% ₹14 Cr Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jan 16 | KOTAKBANK4% ₹14 Cr 84,915 State Bank of India (Financial Services)
Equity, Since 30 Apr 05 | SBIN3% ₹13 Cr 445,461 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFC3% ₹13 Cr 61,980 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 14 | TCS3% ₹12 Cr 60,516 5. BOI AXA Tax Advantage Fund
CAGR/Annualized return of 14.8% since its launch. Ranked 13 in ELSS category. Return for 2019 was 14.6% , 2018 was -16.3% and 2017 was 57.7% . BOI AXA Tax Advantage Fund
Growth Launch Date 25 Feb 09 NAV (07 Apr 20) ₹46.24 ↑ 2.61 (5.98 %) Net Assets (Cr) ₹280 on 29 Feb 20 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 3.02 Sharpe Ratio 1.32 Information Ratio 0.52 Alpha Ratio 16.52 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 15 ₹10,000 31 Mar 16 ₹9,000 31 Mar 17 ₹10,990 31 Mar 18 ₹14,041 31 Mar 19 ₹12,907 31 Mar 20 ₹11,598 Returns for BOI AXA Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 7 Apr 20 Duration Returns 1 Month -18% 3 Month -15.6% 6 Month -9.4% 1 Year -8.5% 3 Year 2.6% 5 Year 3.1% 10 Year 15 Year Since launch 14.8% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Aakash Manghani 15 Jul 19 0.46 Yr. Data below for BOI AXA Tax Advantage Fund as on 29 Feb 20
Equity Sector Allocation
Sector Value Financial Services 33.43% Basic Materials 12.54% Consumer Cyclical 9.03% Consumer Defensive 8.8% Health Care 8.79% Industrials 7.03% Technology 4.52% Communication Services 4.18% Energy 4.11% Utility 1.15% Real Estate 1.02% Asset Allocation
Asset Class Value Cash 5.38% Equity 94.62% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 18 | 5000347% ₹19 Cr 43,629
↑ 1,426 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK6% ₹15 Cr 131,575
↓ -4,748 Repo
CBLO/Reverse Repo | -5% ₹14 Cr ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK4% ₹12 Cr 243,281
↓ -18,810 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE4% ₹12 Cr 86,583 Abbott India Ltd (Healthcare)
Equity, Since 31 Aug 18 | 5004883% ₹10 Cr 6,158
↑ 427 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | KOTAKBANK3% ₹10 Cr 59,607
↓ -3,700 PI Industries Ltd (Basic Materials)
Equity, Since 30 Nov 18 | PIIND3% ₹9 Cr 60,346
↑ 6,191 Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 18 | DIVISLAB3% ₹7 Cr 34,011 Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 31 Oct 18 | 5403762% ₹7 Cr 28,674 6. BNP Paribas Long Term Equity Fund (ELSS)
CAGR/Annualized return of 8.6% since its launch. Ranked 22 in ELSS category. Return for 2019 was 14.3% , 2018 was -9.3% and 2017 was 42.3% . BNP Paribas Long Term Equity Fund (ELSS)
Growth Launch Date 5 Jan 06 NAV (07 Apr 20) ₹32.601 ↑ 2.08 (6.83 %) Net Assets (Cr) ₹463 on 29 Feb 20 Category Equity - ELSS AMC BNP Paribas Asset Mgmt India Pvt. Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.56 Sharpe Ratio 1.03 Information Ratio 0.28 Alpha Ratio 10.26 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 15 ₹10,000 31 Mar 16 ₹9,299 31 Mar 17 ₹10,711 31 Mar 18 ₹11,838 31 Mar 19 ₹12,434 31 Mar 20 ₹10,672 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 7 Apr 20 Duration Returns 1 Month -18.3% 3 Month -20.5% 6 Month -15.2% 1 Year -13.4% 3 Year -0.1% 5 Year 1% 10 Year 15 Year Since launch 8.6% Historical performance (Yearly) on absolute basis
Year Returns 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)
Name Since Tenure Abhijeet Dey 16 Nov 16 3.04 Yr. Karthikraj Lakshmanan 7 Oct 16 3.15 Yr. Data below for BNP Paribas Long Term Equity Fund (ELSS) as on 29 Feb 20
Equity Sector Allocation
Sector Value Financial Services 41.75% Technology 8.79% Communication Services 7.55% Industrials 7.47% Consumer Cyclical 6.99% Basic Materials 6.6% Consumer Defensive 4.91% Energy 3.66% Health Care 3.4% Utility 2.56% Asset Allocation
Asset Class Value Cash 6.3% Equity 93.7% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFCBANK9% ₹42 Cr 360,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 12 | ICICIBANK8% ₹39 Cr 788,000 Treps
CBLO/Reverse Repo | -6% ₹28 Cr Infosys Ltd (Technology)
Equity, Since 31 Mar 09 | INFY5% ₹23 Cr 315,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 18 | RELIANCE4% ₹17 Cr 127,500 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 19 | BHARTIARTL4% ₹17 Cr 320,950 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322153% ₹16 Cr 230,000 Alkem Laboratories Ltd (Healthcare)
Equity, Since 31 Dec 17 | ALKEM3% ₹16 Cr 60,000 Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 31 Oct 18 | 5403763% ₹14 Cr 60,000 Sundaram Finance Ltd (Financial Services)
Equity, Since 31 Dec 18 | SUNDARMFIN3% ₹13 Cr 85,000 7. Invesco India Tax Plan
CAGR/Annualized return of 11.3% since its launch. Ranked 17 in ELSS category. Return for 2019 was 9.4% , 2018 was -1.3% and 2017 was 35.7% . Invesco India Tax Plan
Growth Launch Date 29 Dec 06 NAV (07 Apr 20) ₹41.52 ↑ 2.93 (7.59 %) Net Assets (Cr) ₹1,028 on 29 Feb 20 Category Equity - ELSS AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.39 Sharpe Ratio 0.75 Information Ratio 0.61 Alpha Ratio 7.6 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 15 ₹10,000 31 Mar 16 ₹9,386 31 Mar 17 ₹11,349 31 Mar 18 ₹13,112 31 Mar 19 ₹14,306 31 Mar 20 ₹11,280 Returns for Invesco India Tax Plan
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 7 Apr 20 Duration Returns 1 Month -20.6% 3 Month -21.6% 6 Month -15.9% 1 Year -18.8% 3 Year 0.1% 5 Year 2.6% 10 Year 15 Year Since launch 11.3% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Amit Ganatra 29 Mar 18 1.76 Yr. Dhimant Kothari 29 Mar 18 1.76 Yr. Data below for Invesco India Tax Plan as on 29 Feb 20
Equity Sector Allocation
Sector Value Financial Services 38.32% Consumer Cyclical 9.72% Energy 9.27% Technology 9.06% Consumer Defensive 6.86% Basic Materials 6.8% Health Care 6.78% Industrials 5.04% Communication Services 3.03% Utility 1.82% Asset Allocation
Asset Class Value Cash 3.31% Equity 96.69% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK9% ₹92 Cr 784,840
↑ 73,161 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE8% ₹86 Cr 648,343
↑ 59,987 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK8% ₹79 Cr 1,596,951
↑ 45,035 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 18 | HDFC7% ₹69 Cr 314,892
↑ 25,771 Triparty Repo
CBLO/Reverse Repo | -6% ₹58 Cr Infosys Ltd (Technology)
Equity, Since 31 Dec 19 | INFY5% ₹52 Cr 704,542
↑ 26,418 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 19 | KOTAKBANK4% ₹40 Cr 243,874 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Jul 18 | 5000343% ₹34 Cr 76,739
↑ 12,674 Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | 5322153% ₹33 Cr 470,681 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Jun 19 | 5006963% ₹33 Cr 149,509 8. Kotak Tax Saver Scheme
CAGR/Annualized return of 9.1% since its launch. Ranked 19 in ELSS category. Return for 2019 was 12.7% , 2018 was -3.8% and 2017 was 33.8% . Kotak Tax Saver Scheme
Growth Launch Date 23 Nov 05 NAV (07 Apr 20) ₹35.026 ↑ 2.43 (7.45 %) Net Assets (Cr) ₹1,135 on 29 Feb 20 Category Equity - ELSS AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.4 Sharpe Ratio 0.62 Information Ratio 0.17 Alpha Ratio 6.8 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 15 ₹10,000 31 Mar 16 ₹9,199 31 Mar 17 ₹11,938 31 Mar 18 ₹12,684 31 Mar 19 ₹13,976 31 Mar 20 ₹10,981 Returns for Kotak Tax Saver Scheme
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 7 Apr 20 Duration Returns 1 Month -21.7% 3 Month -25% 6 Month -17.8% 1 Year -19.8% 3 Year -2.6% 5 Year 1.8% 10 Year 15 Year Since launch 9.1% Historical performance (Yearly) on absolute basis
Year Returns 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 Scheme
Name Since Tenure Harsha Upadhyaya 25 Aug 15 3.44 Yr. Data below for Kotak Tax Saver Scheme as on 29 Feb 20
Equity Sector Allocation
Sector Value Financial Services 26.92% Basic Materials 19.12% Industrials 17.63% Energy 7.49% Consumer Defensive 7.42% Technology 6.28% Consumer Cyclical 5.96% Utility 3.71% Health Care 3.29% Asset Allocation
Asset Class Value Cash 1.97% Equity 98% Other 0.02% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK7% ₹75 Cr 1,500,000
↑ 100,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE5% ₹62 Cr 464,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK5% ₹57 Cr 480,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | 5322155% ₹54 Cr 775,000 GlaxoSmithKline Consumer Healthcare Ltd (Consumer Defensive)
Equity, Since 30 Nov 17 | 5006765% ₹52 Cr 55,000
↑ 10,000 AU Small Finance Bank Ltd (Financial Services)
Equity, Since 30 Jun 17 | 5406114% ₹47 Cr 400,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 14 | LT4% ₹42 Cr 350,000 SRF Ltd (Basic Materials)
Equity, Since 30 Apr 16 | SRF4% ₹41 Cr 105,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Mar 19 | KOTAKBANK3% ₹32 Cr 200,000
↑ 10,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 18 | TCS3% ₹30 Cr 150,000 9. IDBI Equity Advantage Fund
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% . IDBI Equity Advantage Fund
Growth Launch Date 10 Sep 13 NAV (07 Apr 20) ₹21.8 ↑ 1.01 (4.86 %) Net Assets (Cr) ₹536 on 29 Feb 20 Category Equity - ELSS AMC IDBI Asset Management Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.53 Sharpe Ratio 0.48 Information Ratio -0.03 Alpha Ratio 4.67 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 15 ₹10,000 31 Mar 16 ₹9,401 31 Mar 17 ₹11,020 31 Mar 18 ₹12,528 31 Mar 19 ₹12,658 31 Mar 20 ₹10,628 Returns for IDBI Equity Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 7 Apr 20 Duration Returns 1 Month -19.8% 3 Month -21.6% 6 Month -17.5% 1 Year -17.1% 3 Year -1.8% 5 Year 0.8% 10 Year 15 Year Since launch Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Uma Venkatraman 1 Jul 18 1.5 Yr. Data below for IDBI Equity Advantage Fund as on 29 Feb 20
Equity Sector Allocation
Sector Value Consumer Cyclical 29.14% Consumer Defensive 20.99% Financial Services 19.63% Basic Materials 12.71% Industrials 8.24% Health Care 4.76% Energy 0.73% Asset Allocation
Asset Class Value Cash 3.11% Equity 96.89% Top Securities Holdings / Portfolio
Name Holding Value Quantity Pidilite Industries Ltd (Basic Materials)
Equity, Since 30 Sep 13 | PIDILITIND7% ₹37 Cr 242,235 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 30 Nov 13 | CHOLAFIN6% ₹33 Cr 1,067,825 Bata India Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 5000436% ₹31 Cr 190,489 VST Industries Ltd (Consumer Defensive)
Equity, Since 30 Sep 13 | 5099666% ₹31 Cr 76,235 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 13 | KOTAKBANK6% ₹31 Cr 191,141 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 31 Jan 14 | 5323435% ₹29 Cr 671,959 MRF Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 5002905% ₹29 Cr 4,327 Asian Paints Ltd (Basic Materials)
Equity, Since 30 Sep 13 | 5008205% ₹29 Cr 159,407 Page Industries Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 5328275% ₹26 Cr 11,670 Sanofi India Ltd (Healthcare)
Equity, Since 31 Jan 19 | 5006745% ₹26 Cr 35,000 10. Sundaram Diversified Equity Fund
CAGR/Annualized return of 14% since its launch. Ranked 14 in ELSS category. Return for 2019 was 6.2% , 2018 was -10.6% and 2017 was 38.4% . Sundaram Diversified Equity Fund
Growth Launch Date 22 Nov 99 NAV (07 Apr 20) ₹72.9674 ↑ 4.73 (6.93 %) Net Assets (Cr) ₹2,452 on 29 Feb 20 Category Equity - ELSS AMC Sundaram Asset Management Company Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.23 Sharpe Ratio 0.15 Information Ratio -0.8 Alpha Ratio -0.04 Min Investment 500 Min SIP Investment 250 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 15 ₹10,000 31 Mar 16 ₹9,484 31 Mar 17 ₹12,246 31 Mar 18 ₹13,495 31 Mar 19 ₹13,846 31 Mar 20 ₹9,727 Returns for Sundaram Diversified Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 7 Apr 20 Duration Returns 1 Month -23.8% 3 Month -28.4% 6 Month -24% 1 Year -28.3% 3 Year -7.1% 5 Year -0.6% 10 Year 15 Year Since launch 14% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure S Krishnakumar 1 Apr 15 4.75 Yr. Dwijendra Srivastava 30 Dec 17 2 Yr. Rohit Seksaria 30 Dec 17 2 Yr. Data below for Sundaram Diversified Equity Fund as on 29 Feb 20
Equity Sector Allocation
Sector Value Financial Services 35.2% Industrials 16.24% Consumer Defensive 9.77% Consumer Cyclical 9.25% Basic Materials 8.51% Energy 6.77% Technology 6.23% Communication Services 5.14% Health Care 1.86% Asset Allocation
Asset Class Value Cash 1.02% Equity 98.98% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | HDFCBANK6% ₹148 Cr 1,260,000 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 11 | ICICIBANK5% ₹130 Cr 2,617,794
↓ -225,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 12 | RELIANCE5% ₹124 Cr 932,087 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Jul 19 | HDFC4% ₹103 Cr 472,812 Axis Bank Ltd (Financial Services)
Equity, Since 31 May 18 | 5322154% ₹101 Cr 1,448,372 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 May 18 | LT4% ₹94 Cr 792,788 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Oct 12 | 5000344% ₹87 Cr 194,847 Varun Beverages Ltd (Consumer Defensive)
Equity, Since 31 Oct 16 | VBL3% ₹74 Cr 904,668 SBI Life Insurance Co Ltd (Financial Services)
Equity, Since 30 Sep 17 | 5407193% ₹68 Cr 763,254 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Sep 19 | 5006963% ₹68 Cr 311,533 11. HDFC Long Term Advantage Fund
CAGR/Annualized return of 18.5% since its launch. Ranked 23 in ELSS category. Return for 2019 was 10.1% , 2018 was -3.9% and 2017 was 36.2% . HDFC Long Term Advantage Fund
Growth Launch Date 2 Jan 01 NAV (07 Apr 20) ₹261.172 ↑ 17.56 (7.21 %) Net Assets (Cr) ₹1,274 on 29 Feb 20 Category Equity - ELSS AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.17 Sharpe Ratio 0.11 Information Ratio -0.91 Alpha Ratio -4.16 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 15 ₹10,000 31 Mar 16 ₹9,508 31 Mar 17 ₹12,370 31 Mar 18 ₹13,783 31 Mar 19 ₹15,282 31 Mar 20 ₹10,792
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 7 Apr 20 Duration Returns 1 Month -22.5% 3 Month -29.8% 6 Month -24.2% 1 Year -28.2% 3 Year -4.3% 5 Year 1.5% 10 Year 15 Year Since launch 18.5% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Chirag Setalvad 2 Apr 07 12.76 Yr. Data below for HDFC Long Term Advantage Fund as on 29 Feb 20
Equity Sector Allocation
Sector Value Financial Services 35.69% Industrials 20.08% Energy 12.62% Technology 11.83% Basic Materials 5.47% Consumer Defensive 4.5% Consumer Cyclical 2.26% Utility 2.17% Communication Services 2.14% Health Care 2% Asset Allocation
Asset Class Value Cash 1.24% Equity 98.76% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 13 | HDFCBANK10% ₹127 Cr 1,078,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK10% ₹127 Cr 2,550,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 05 | RELIANCE9% ₹116 Cr 875,000 Infosys Ltd (Technology)
Equity, Since 30 Nov 06 | INFY8% ₹106 Cr 1,453,908 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFC7% ₹87 Cr 400,000 State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN6% ₹79 Cr 2,600,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Oct 07 | LT6% ₹72 Cr 607,500 ITC Ltd (Consumer Defensive)
Equity, Since 31 Oct 05 | ITC4% ₹56 Cr 2,822,910 Vesuvius India Ltd (Industrials)
Equity, Since 31 Jan 11 | 5201134% ₹46 Cr 400,000 Bharat Petroleum Corp Ltd (Energy)
Equity, Since 30 Sep 12 | 5005473% ₹43 Cr 1,000,000
ELSS SIP Calculator
Know Your SIP Returns
Investment Modes in ELSS
SIP (Systematic Investment Plan) in ELSS
One can choose SIP as an investment mode for invest in Tax Saving Mutual Funds (ELSS) as certain amount is invested every month.
As shown in sample below-
| Month | Amount | Mode | |||
|---|---|---|---|---|---|
| April | 12,500 | SIP | May | 12,500 | SIP |
| June | 12,500 | SIP | July | 12,500 | SIP |
| August | 12,500 | SIP | September | 12,500 | SIP |
| October | 12,500 | SIP | November | 12,500 | SIP |
| December | 12,500 | SIP | January | 12,500 | SIP |
| Feburary | 12,500 | SIP | March | 12,500 | SIP |
| Total | 1,50,000 |
While investing through SIP method SIP benefits of Rupee Cost averaging are reaped as it scatter purchases every month and invest is made at an average price rather than at particular price which might be the case with Lumpsum Investments.
Lumpsum Investment in ELSS
As one might be saving in other tax saving intruments like ULIP, NSC, PF/EPF, insurance (under Sector 80c) one can decide whatever amount is needed to save tax after deducting other instruments and invest as Lumpsum purchases over the year or one time near end of Financial Year (Jan - Mar).
Tips to Invest in Best Tax Saving ELSS Funds
Invest in best ELSS Funds via a SIP (Systematic Investment Plan) in the beginning of the financial year (i.e. in April) and not when the financial year is ending.
Choose an ELSS Mutual Fund carefully among the list of best ELSS Funds, and invest in the same for a year instead of jumping to other tax saving ELSS funds every year.
Good ELSS returns can be achieved when invested for 5-7 years, so it is suggested not to pull out money once your lock-in ends after 3 years. Try holding it for a longer duration to earn better returns.
If you are a risk-averse investor and want a less-volatile fund, consider investing in a large-cap Mutual Fund.
How to Invest in ELSS Funds Online?
Open Free Investment Account for Lifetime at Fincash.com
Complete your Registration and KYC Process
Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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Nice article. Highly recommended for guys who are looking to save tax under section 80c.