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11 Best Performing ELSS Mutual Funds to Invest 2023

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11 Best Tax Saving ELSS Mutual Funds 2023

Updated on May 25, 2023 , 18608 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

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.

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Other Tax Saving Options

Other tax saving options under Section 80C includes:

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 23 - 24

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2022 (%)
Tata India Tax Savings Fund Growth ₹29.7686
↑ 0.26
₹3,1743.9-1.715.227.511.55.9
IDFC Tax Advantage (ELSS) Fund Growth ₹106.313
↑ 1.01
₹4,3337.63.21937.712.84.2
L&T Tax Advantage Fund Growth ₹84.2135
↑ 0.78
₹3,0548.2419.925.48.7-3
Principal Tax Savings Fund Growth ₹347.457
↑ 2.71
₹9675.7-0.315.429.210.64.3
HDFC Long Term Advantage Fund Growth ₹595.168
↑ 0.28
₹1,3181.215.435.520.617.4
Kotak Tax Saver Fund Growth ₹78.651
↑ 0.76
₹3,5606.3218.929.514.26.9
BOI AXA Tax Advantage Fund Growth ₹104
↑ 0.73
₹7397.51.219.53013-1.3
Sundaram Diversified Equity Fund Growth ₹158.615
↑ 1.38
₹1,6225.80.616.428.69.14
IDBI Equity Advantage Fund Growth ₹40.97
↑ 0.22
₹4677.31.718.222.58.62.2
BNP Paribas Long Term Equity Fund (ELSS) Growth ₹60.3503
↑ 0.60
₹6656.30.914.121.710.3-2.1
Invesco India Tax Plan Growth ₹80.84
↑ 0.47
₹1,9126.90.512.623.710.3-7.7
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 May 23

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

1. 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 13.5% since its launch.  Ranked 1 in ELSS category.  Return for 2022 was 5.9% , 2021 was 30.4% and 2020 was 11.9% .

Below is the key information for Tata India Tax Savings Fund

Tata India Tax Savings Fund
Growth
Launch Date 13 Oct 14
NAV (26 May 23) ₹29.7686 ↑ 0.26   (0.90 %)
Net Assets (Cr) ₹3,174 on 30 Apr 23
Category Equity - ELSS
AMC Tata Asset Management Limited
Rating
Risk Moderately High
Expense Ratio 0
Sharpe Ratio 0.07
Information Ratio -0.64
Alpha Ratio 1.67
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Apr 18₹10,000
30 Apr 19₹10,098
30 Apr 20₹8,706
30 Apr 21₹12,808
30 Apr 22₹15,233
30 Apr 23₹16,155

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 ₹405,518.
Net Profit of ₹105,518
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 26 May 23

DurationReturns
1 Month 3.6%
3 Month 3.9%
6 Month -1.7%
1 Year 15.2%
3 Year 27.5%
5 Year 11.5%
10 Year
15 Year
Since launch 13.5%
Historical performance (Yearly) on absolute basis
YearReturns
2022 5.9%
2021 30.4%
2020 11.9%
2019 13.6%
2018 -8.4%
2017 46%
2016 2.1%
2015 13.3%
2014
2013
Fund Manager information for Tata India Tax Savings Fund
NameSinceTenure
Tejas Gutka9 Mar 212.14 Yr.

Data below for Tata India Tax Savings Fund as on 30 Apr 23

Equity Sector Allocation
SectorValue
Financial Services36.13%
Industrials17.36%
Consumer Cyclical9.7%
Technology7.84%
Basic Materials5.22%
Energy5.15%
Communication Services5.03%
Health Care4.86%
Utility2.69%
Consumer Defensive2.31%
Real Estate1.31%
Asset Allocation
Asset ClassValue
Cash2.41%
Equity97.59%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK
7%₹220 Cr1,305,000
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK
7%₹213 Cr2,325,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE
5%₹163 Cr675,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC
5%₹160 Cr575,000
Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY
5%₹145 Cr1,160,000
State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN
5%₹145 Cr2,500,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | AXISBANK
4%₹126 Cr1,465,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 16 | LT
3%₹92 Cr390,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 19 | BHARTIARTL
3%₹91 Cr1,140,000
Radico Khaitan Ltd (Consumer Defensive)
Equity, Since 30 Jun 22 | RADICO
2%₹73 Cr650,000

2. 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 17.8% since its launch.  Ranked 3 in ELSS category.  Return for 2022 was 4.2% , 2021 was 49.2% and 2020 was 18.7% .

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

IDFC Tax Advantage (ELSS) Fund
Growth
Launch Date 26 Dec 08
NAV (26 May 23) ₹106.313 ↑ 1.01   (0.95 %)
Net Assets (Cr) ₹4,333 on 30 Apr 23
Category Equity - ELSS
AMC IDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 1.95
Sharpe Ratio -0.07
Information Ratio 1.16
Alpha Ratio -0.58
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Apr 18₹10,000
30 Apr 19₹9,394
30 Apr 20₹7,267
30 Apr 21₹12,890
30 Apr 22₹16,282
30 Apr 23₹16,923

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 ₹415,684.
Net Profit of ₹115,684
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 26 May 23

DurationReturns
1 Month 5.7%
3 Month 7.6%
6 Month 3.2%
1 Year 19%
3 Year 37.7%
5 Year 12.8%
10 Year
15 Year
Since launch 17.8%
Historical performance (Yearly) on absolute basis
YearReturns
2022 4.2%
2021 49.2%
2020 18.7%
2019 1.9%
2018 -9.4%
2017 53.4%
2016 0.4%
2015 6.9%
2014 42.2%
2013 15%
Fund Manager information for IDFC Tax Advantage (ELSS) Fund
NameSinceTenure
Daylynn Pinto20 Oct 166.53 Yr.

Data below for IDFC Tax Advantage (ELSS) Fund as on 30 Apr 23

Equity Sector Allocation
SectorValue
Financial Services27.23%
Industrials13.77%
Consumer Cyclical13.37%
Basic Materials10.49%
Technology8.41%
Health Care6.4%
Consumer Defensive6.35%
Energy3.91%
Communication Services2.44%
Utility1.47%
Asset Allocation
Asset ClassValue
Cash6.16%
Equity93.84%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK
8%₹349 Cr3,800,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK
4%₹177 Cr1,050,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE
4%₹169 Cr700,000
↑ 25,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY
4%₹169 Cr1,350,000
Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | AXISBANK
4%₹168 Cr1,950,000
↑ 100,000
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
3%₹145 Cr2,500,000
↓ -500,000
Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS
3%₹126 Cr2,600,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 22 | HDFC
3%₹118 Cr425,000
↑ 75,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL
2%₹106 Cr1,325,000
NCC Ltd (Industrials)
Equity, Since 28 Feb 19 | NCC
2%₹104 Cr8,700,000
↓ -300,000

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 13.2% since its launch.  Ranked 7 in ELSS category.  Return for 2022 was -3% , 2021 was 30.3% and 2020 was 13.5% .

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

L&T Tax Advantage Fund
Growth
Launch Date 27 Feb 06
NAV (26 May 23) ₹84.2135 ↑ 0.78   (0.94 %)
Net Assets (Cr) ₹3,054 on 30 Apr 23
Category Equity - ELSS
AMC L&T Investment Management Ltd
Rating
Risk Moderately High
Expense Ratio 1.97
Sharpe Ratio -0.02
Information Ratio -0.73
Alpha Ratio 0.36
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Apr 18₹10,000
30 Apr 19₹9,276
30 Apr 20₹7,794
30 Apr 21₹11,679
30 Apr 22₹13,345
30 Apr 23₹13,956

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 ₹376,357.
Net Profit of ₹76,357
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 26 May 23

DurationReturns
1 Month 6.2%
3 Month 8.2%
6 Month 4%
1 Year 19.9%
3 Year 25.4%
5 Year 8.7%
10 Year
15 Year
Since launch 13.2%
Historical performance (Yearly) on absolute basis
YearReturns
2022 -3%
2021 30.3%
2020 13.5%
2019 4.6%
2018 -8.1%
2017 42.3%
2016 8.1%
2015 2.9%
2014 44.8%
2013 6.8%
Fund Manager information for L&T Tax Advantage Fund
NameSinceTenure
Gautam Bhupal26 Nov 220.43 Yr.
Cheenu Gupta2 Jul 211.83 Yr.

Data below for L&T Tax Advantage Fund as on 30 Apr 23

Equity Sector Allocation
SectorValue
Financial Services26.53%
Consumer Cyclical16.25%
Industrials15.74%
Technology11.41%
Consumer Defensive9.29%
Basic Materials7.46%
Energy5.59%
Health Care3.98%
Utility1.91%
Asset Allocation
Asset ClassValue
Cash1.84%
Equity98.16%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK
9%₹287 Cr1,698,800
↑ 180,800
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK
6%₹185 Cr2,013,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 21 | RELIANCE
6%₹171 Cr705,600
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jul 22 | LT
4%₹136 Cr574,100
Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 21 | INDHOTEL
4%₹123 Cr3,618,800
↓ -621,700
UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Oct 19 | ULTRACEMCO
3%₹104 Cr137,800
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Jul 22 | HINDUNILVR
3%₹103 Cr419,300
KPIT Technologies Ltd (Technology)
Equity, Since 30 Sep 21 | KPITTECH
3%₹97 Cr1,059,800
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Dec 21 | CHOLAFIN
3%₹97 Cr1,114,400
Persistent Systems Ltd (Technology)
Equity, Since 31 Jul 21 | PERSISTENT
3%₹96 Cr203,300
↓ -16,800

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 15.7% since its launch.  Ranked 8 in ELSS category.  Return for 2022 was 4.3% , 2021 was 32.1% and 2020 was 18.9% .

Below is the key information for Principal Tax Savings Fund

Principal Tax Savings Fund
Growth
Launch Date 31 Mar 96
NAV (26 May 23) ₹347.457 ↑ 2.71   (0.79 %)
Net Assets (Cr) ₹967 on 30 Apr 23
Category Equity - ELSS
AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd.
Rating
Risk Moderately High
Expense Ratio 2.44
Sharpe Ratio -0.02
Information Ratio -0.1
Alpha Ratio 0.31
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Apr 18₹10,000
30 Apr 19₹9,405
30 Apr 20₹7,817
30 Apr 21₹11,857
30 Apr 22₹14,493
30 Apr 23₹15,187

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 ₹395,578.
Net Profit of ₹95,578
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 26 May 23

DurationReturns
1 Month 4.5%
3 Month 5.7%
6 Month -0.3%
1 Year 15.4%
3 Year 29.2%
5 Year 10.6%
10 Year
15 Year
Since launch 15.7%
Historical performance (Yearly) on absolute basis
YearReturns
2022 4.3%
2021 32.1%
2020 18.9%
2019 2.5%
2018 -9.2%
2017 48.8%
2016 6.2%
2015 2.7%
2014 49.4%
2013 8.5%
Fund Manager information for Principal Tax Savings Fund
NameSinceTenure
Sudhir Kedia29 Oct 193.51 Yr.
Rohit Seksaria1 Jan 221.33 Yr.

Data below for Principal Tax Savings Fund as on 30 Apr 23

Equity Sector Allocation
SectorValue
Financial Services35.72%
Consumer Cyclical12.73%
Industrials11.18%
Technology10.08%
Consumer Defensive6.56%
Energy6.46%
Basic Materials4.4%
Health Care3.77%
Communication Services1.2%
Real Estate0.62%
Asset Allocation
Asset ClassValue
Cash7.24%
Equity92.76%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
7%₹71 Cr770,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 21 | RELIANCE
6%₹62 Cr258,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK
6%₹57 Cr335,117
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFC
5%₹44 Cr157,000
Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY
4%₹42 Cr333,000
↑ 15,000
State Bank of India (Financial Services)
Equity, Since 30 Apr 05 | SBIN
4%₹39 Cr683,000
Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 17 | 532215
3%₹29 Cr334,000
Tata Consultancy Services Ltd Shs Dematerialised (Technology)
Equity, Since 30 Apr 14 | TCS
3%₹25 Cr78,000
Ashok Leyland Ltd Shs Dematerialised (Industrials)
Equity, Since 31 Aug 20 | 500477
2%₹24 Cr1,630,000
Polycab India Ltd (Industrials)
Equity, Since 30 Nov 20 | 542652
2%₹21 Cr67,000
↓ -6,000

5. 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 21.4% since its launch.  Ranked 23 in ELSS category. .

Below is the key information for HDFC Long Term Advantage Fund

HDFC Long Term Advantage Fund
Growth
Launch Date 2 Jan 01
NAV (14 Jan 22) ₹595.168 ↑ 0.28   (0.05 %)
Net Assets (Cr) ₹1,318 on 30 Nov 21
Category Equity - ELSS
AMC HDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 2.25
Sharpe Ratio 2.27
Information Ratio -0.15
Alpha Ratio 1.75
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Apr 18₹10,000
30 Apr 19₹10,554
30 Apr 20₹8,566
30 Apr 21₹13,241

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 ₹470,047.
Net Profit of ₹170,047
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 26 May 23

DurationReturns
1 Month 4.4%
3 Month 1.2%
6 Month 15.4%
1 Year 35.5%
3 Year 20.6%
5 Year 17.4%
10 Year
15 Year
Since launch 21.4%
Historical performance (Yearly) on absolute basis
YearReturns
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
Fund Manager information for HDFC Long Term Advantage Fund
NameSinceTenure

Data below for HDFC Long Term Advantage Fund as on 30 Nov 21

Equity Sector Allocation
SectorValue
Asset Allocation
Asset ClassValue
Top Securities Holdings / Portfolio
NameHoldingValueQuantity

6. 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 12.5% since its launch.  Ranked 19 in ELSS category.  Return for 2022 was 6.9% , 2021 was 33.2% and 2020 was 14.9% .

Below is the key information for Kotak Tax Saver Fund

Kotak Tax Saver Fund
Growth
Launch Date 23 Nov 05
NAV (26 May 23) ₹78.651 ↑ 0.76   (0.98 %)
Net Assets (Cr) ₹3,560 on 30 Apr 23
Category Equity - ELSS
AMC Kotak Mahindra Asset Management Co Ltd
Rating
Risk Moderately High
Expense Ratio 1.97
Sharpe Ratio 0.23
Information Ratio 0.07
Alpha Ratio 3.9
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Apr 18₹10,000
30 Apr 19₹10,653
30 Apr 20₹9,323
30 Apr 21₹14,237
30 Apr 22₹16,951
30 Apr 23₹18,400

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 ₹436,710.
Net Profit of ₹136,710
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 26 May 23

DurationReturns
1 Month 3.8%
3 Month 6.3%
6 Month 2%
1 Year 18.9%
3 Year 29.5%
5 Year 14.2%
10 Year
15 Year
Since launch 12.5%
Historical performance (Yearly) on absolute basis
YearReturns
2022 6.9%
2021 33.2%
2020 14.9%
2019 12.7%
2018 -3.8%
2017 33.8%
2016 7.5%
2015 1.5%
2014 56.6%
2013 -6.3%
Fund Manager information for Kotak Tax Saver Fund
NameSinceTenure
Harsha Upadhyaya25 Aug 157.69 Yr.

Data below for Kotak Tax Saver Fund as on 30 Apr 23

Equity Sector Allocation
SectorValue
Financial Services27.21%
Industrials17.44%
Basic Materials14.2%
Consumer Cyclical12.68%
Consumer Defensive10.35%
Technology4.82%
Health Care3.65%
Energy3.4%
Utility1.92%
Communication Services1.65%
Asset Allocation
Asset ClassValue
Cash2.69%
Equity97.31%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
7%₹239 Cr2,600,000
State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN
5%₹173 Cr3,000,000
ITC Ltd Shs Dematerialised (Consumer Defensive)
Equity, Since 31 Oct 21 | ITC
4%₹157 Cr3,700,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | AXISBANK
4%₹155 Cr1,800,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK
4%₹152 Cr900,000
↑ 200,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 14 | LT
4%₹142 Cr600,000
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 21 | MARUTI
4%₹142 Cr165,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE
3%₹121 Cr500,000
Infosys Ltd (Technology)
Equity, Since 31 Dec 05 | INFY
3%₹100 Cr800,000
SRF Ltd Shs Dematerialised (Basic Materials)
Equity, Since 30 Apr 16 | SRF
3%₹91 Cr360,000

7. 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 17.9% since its launch.  Ranked 13 in ELSS category.  Return for 2022 was -1.3% , 2021 was 41.5% and 2020 was 31.2% .

Below is the key information for BOI AXA Tax Advantage Fund

BOI AXA Tax Advantage Fund
Growth
Launch Date 25 Feb 09
NAV (26 May 23) ₹104 ↑ 0.73   (0.71 %)
Net Assets (Cr) ₹739 on 30 Apr 23
Category Equity - ELSS
AMC BOI AXA Investment Mngrs Private Ltd
Rating
Risk Moderately High
Expense Ratio 2.54
Sharpe Ratio 0.12
Information Ratio 0.12
Alpha Ratio 2.28
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Apr 18₹10,000
30 Apr 19₹8,524
30 Apr 20₹8,667
30 Apr 21₹13,940
30 Apr 22₹16,332
30 Apr 23₹17,431

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 ₹426,080.
Net Profit of ₹126,080
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 26 May 23

DurationReturns
1 Month 2.8%
3 Month 7.5%
6 Month 1.2%
1 Year 19.5%
3 Year 30%
5 Year 13%
10 Year
15 Year
Since launch 17.9%
Historical performance (Yearly) on absolute basis
YearReturns
2022 -1.3%
2021 41.5%
2020 31.2%
2019 14.6%
2018 -16.3%
2017 57.7%
2016 -1.2%
2015 2.1%
2014 44%
2013 9.1%
Fund Manager information for BOI AXA Tax Advantage Fund
NameSinceTenure
Alok Singh27 Apr 221.01 Yr.

Data below for BOI AXA Tax Advantage Fund as on 30 Apr 23

Equity Sector Allocation
SectorValue
Financial Services36.97%
Industrials10.94%
Consumer Defensive9.81%
Basic Materials9.14%
Health Care6.44%
Utility5.55%
Energy5.02%
Consumer Cyclical3.56%
Technology2.9%
Real Estate1.98%
Communication Services0.69%
Asset Allocation
Asset ClassValue
Cash6.92%
Equity93.01%
Debt0.07%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK
7%₹49 Cr529,340
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK
6%₹45 Cr265,000
State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN
6%₹45 Cr770,000
Canara Bank (Financial Services)
Equity, Since 31 Aug 22 | CANBK
4%₹28 Cr895,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE
3%₹22 Cr91,009
NTPC Ltd Shs Dematerialised (Utilities)
Equity, Since 30 Apr 22 | NTPC
3%₹22 Cr1,260,000
ITC Ltd Shs Dematerialised (Consumer Defensive)
Equity, Since 31 May 22 | ITC
3%₹20 Cr473,223
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 22 | LT
2%₹18 Cr76,000
↑ 5,000
Balrampur Chini Mills Ltd (Consumer Defensive)
Equity, Since 30 Apr 22 | BALRAMCHIN
2%₹18 Cr432,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 22 | AXISBANK
2%₹18 Cr204,000

8. 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 15.8% since its launch.  Ranked 14 in ELSS category.  Return for 2022 was 4% , 2021 was 31.5% and 2020 was 9.9% .

Below is the key information for Sundaram Diversified Equity Fund

Sundaram Diversified Equity Fund
Growth
Launch Date 22 Nov 99
NAV (26 May 23) ₹158.615 ↑ 1.38   (0.88 %)
Net Assets (Cr) ₹1,622 on 30 Apr 23
Category Equity - ELSS
AMC Sundaram Asset Management Company Ltd
Rating
Risk Moderately High
Expense Ratio 2.1
Sharpe Ratio 0.09
Information Ratio -0.24
Alpha Ratio 1.87
Min Investment 500
Min SIP Investment 250
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Apr 18₹10,000
30 Apr 19₹9,501
30 Apr 20₹7,469
30 Apr 21₹11,282
30 Apr 22₹13,518
30 Apr 23₹14,380

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 ₹385,859.
Net Profit of ₹85,859
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 26 May 23

DurationReturns
1 Month 4.5%
3 Month 5.8%
6 Month 0.6%
1 Year 16.4%
3 Year 28.6%
5 Year 9.1%
10 Year
15 Year
Since launch 15.8%
Historical performance (Yearly) on absolute basis
YearReturns
2022 4%
2021 31.5%
2020 9.9%
2019 6.2%
2018 -10.6%
2017 38.4%
2016 6.8%
2015 3.1%
2014 45.7%
2013 1.4%
Fund Manager information for Sundaram Diversified Equity Fund
NameSinceTenure
Sudhir Kedia1 Jan 221.33 Yr.
Rohit Seksaria24 Feb 212.18 Yr.

Data below for Sundaram Diversified Equity Fund as on 30 Apr 23

Equity Sector Allocation
SectorValue
Financial Services37.08%
Industrials12.77%
Technology11.26%
Consumer Cyclical11.01%
Consumer Defensive7.76%
Energy6.67%
Basic Materials5.07%
Health Care2.8%
Communication Services1.81%
Real Estate0.57%
Asset Allocation
Asset ClassValue
Cash3.19%
Equity96.81%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 11 | ICICIBANK
8%₹124 Cr1,348,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 12 | RELIANCE
7%₹108 Cr447,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | HDFCBANK
6%₹103 Cr611,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Jul 19 | HDFC
5%₹75 Cr272,000
Infosys Ltd (Technology)
Equity, Since 30 Nov 16 | INFY
4%₹71 Cr570,000
State Bank of India (Financial Services)
Equity, Since 31 Aug 20 | SBIN
4%₹70 Cr1,207,000
Tata Consultancy Services Ltd Shs Dematerialised (Technology)
Equity, Since 31 Jul 20 | TCS
3%₹53 Cr165,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 May 18 | 532215
3%₹51 Cr590,000
Ashok Leyland Ltd Shs Dematerialised (Industrials)
Equity, Since 31 Jan 22 | 500477
3%₹46 Cr3,184,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 May 18 | LT
2%₹38 Cr160,000
↓ -30,000

9. 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 15.6% since its launch.  Ranked 21 in ELSS category.  Return for 2022 was 2.2% , 2021 was 25.6% and 2020 was 8.4% .

Below is the key information for IDBI Equity Advantage Fund

IDBI Equity Advantage Fund
Growth
Launch Date 10 Sep 13
NAV (26 May 23) ₹40.97 ↑ 0.22   (0.54 %)
Net Assets (Cr) ₹467 on 30 Apr 23
Category Equity - ELSS
AMC IDBI Asset Management Limited
Rating
Risk Moderately High
Expense Ratio 2.39
Sharpe Ratio 0.06
Information Ratio -1.23
Alpha Ratio 1.7
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Apr 18₹10,000
30 Apr 19₹9,219
30 Apr 20₹8,389
30 Apr 21₹11,224
30 Apr 22₹13,275
30 Apr 23₹14,042

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 ₹376,357.
Net Profit of ₹76,357
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 26 May 23

DurationReturns
1 Month 5.1%
3 Month 7.3%
6 Month 1.7%
1 Year 18.2%
3 Year 22.5%
5 Year 8.6%
10 Year
15 Year
Since launch 15.6%
Historical performance (Yearly) on absolute basis
YearReturns
2022 2.2%
2021 25.6%
2020 8.4%
2019 5.7%
2018 -1.7%
2017 35.3%
2016 0%
2015 3.1%
2014 71.2%
2013
Fund Manager information for IDBI Equity Advantage Fund
NameSinceTenure
Alok Ranjan16 Aug 211.71 Yr.

Data below for IDBI Equity Advantage Fund as on 30 Apr 23

Equity Sector Allocation
SectorValue
Financial Services36.68%
Basic Materials17.24%
Industrials16.17%
Technology10.49%
Consumer Cyclical7.66%
Energy4.81%
Consumer Defensive2.43%
Health Care1.72%
Communication Services1.08%
Real Estate0.34%
Asset Allocation
Asset ClassValue
Cash1.37%
Equity98.63%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 20 | HDFCBANK
9%₹42 Cr247,297
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 20 | ICICIBANK
8%₹39 Cr427,623
State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN
6%₹26 Cr446,147
ABB India Ltd (Industrials)
Equity, Since 30 Apr 15 | ABB
5%₹25 Cr71,781
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 30 Nov 13 | CHOLAFIN
4%₹20 Cr232,325
Infosys Ltd (Technology)
Equity, Since 31 Oct 20 | INFY
4%₹20 Cr159,800
Reliance Industries Ltd (Energy)
Equity, Since 30 Sep 20 | RELIANCE
4%₹19 Cr77,980
Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 21 | AXISBANK
4%₹18 Cr213,065
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 20 | LT
4%₹17 Cr71,038
PI Industries Ltd (Basic Materials)
Equity, Since 30 Sep 20 | PIIND
3%₹13 Cr38,984

10. 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 10.9% since its launch.  Ranked 22 in ELSS category.  Return for 2022 was -2.1% , 2021 was 23.6% and 2020 was 17.8% .

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 (26 May 23) ₹60.3503 ↑ 0.60   (1.00 %)
Net Assets (Cr) ₹665 on 30 Apr 23
Category Equity - ELSS
AMC BNP Paribas Asset Mgmt India Pvt. Ltd
Rating
Risk Moderately High
Expense Ratio 2.38
Sharpe Ratio -0.14
Information Ratio 0
Alpha Ratio 0
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Apr 18₹10,000
30 Apr 19₹10,003
30 Apr 20₹9,389
30 Apr 21₹13,369
30 Apr 22₹14,911
30 Apr 23₹15,354

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 ₹395,578.
Net Profit of ₹95,578
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 26 May 23

DurationReturns
1 Month 4.7%
3 Month 6.3%
6 Month 0.9%
1 Year 14.1%
3 Year 21.7%
5 Year 10.3%
10 Year
15 Year
Since launch 10.9%
Historical performance (Yearly) on absolute basis
YearReturns
2022 -2.1%
2021 23.6%
2020 17.8%
2019 14.3%
2018 -9.3%
2017 42.3%
2016 -6.6%
2015 7.7%
2014 53%
2013 7.7%
Fund Manager information for BNP Paribas Long Term Equity Fund (ELSS)
NameSinceTenure
Sanjay Chawla14 Mar 221.13 Yr.
Pratish Krishnan14 Mar 221.13 Yr.
Miten Vora1 Dec 220.41 Yr.

Data below for BNP Paribas Long Term Equity Fund (ELSS) as on 30 Apr 23

Equity Sector Allocation
SectorValue
Financial Services29.73%
Consumer Cyclical13.4%
Industrials11.06%
Technology9.38%
Basic Materials8.24%
Consumer Defensive6.67%
Energy5.72%
Health Care4.29%
Communication Services3.15%
Utility2.94%
Real Estate2.64%
Asset Allocation
Asset ClassValue
Cash2.79%
Equity97.21%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFCBANK
9%₹62 Cr365,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 12 | ICICIBANK
8%₹50 Cr544,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 18 | RELIANCE
6%₹38 Cr157,000
Tata Consultancy Services Ltd Shs Dematerialised (Technology)
Equity, Since 31 Jan 23 | TCS
4%₹27 Cr82,500
ITC Ltd Shs Dematerialised (Consumer Defensive)
Equity, Since 30 Sep 22 | ITC
4%₹25 Cr585,000
UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Jul 18 | ULTRACEMCO
4%₹24 Cr32,250
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 20 | LT
3%₹22 Cr91,500
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Apr 20 | HINDUNILVR
3%₹19 Cr79,100
State Bank of India (Financial Services)
Equity, Since 31 Mar 22 | SBIN
3%₹18 Cr309,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 19 | BHARTIARTL
2%₹15 Cr182,066

11. 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 13.6% since its launch.  Ranked 17 in ELSS category.  Return for 2022 was -7.7% , 2021 was 32.6% and 2020 was 19.2% .

Below is the key information for Invesco India Tax Plan

Invesco India Tax Plan
Growth
Launch Date 29 Dec 06
NAV (26 May 23) ₹80.84 ↑ 0.47   (0.58 %)
Net Assets (Cr) ₹1,912 on 30 Apr 23
Category Equity - ELSS
AMC Invesco Asset Management (India) Private Ltd
Rating
Risk Moderately High
Expense Ratio 2.11
Sharpe Ratio -0.29
Information Ratio -1.51
Alpha Ratio -3.91
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Apr 18₹10,000
30 Apr 19₹10,077
30 Apr 20₹9,133
30 Apr 21₹13,485
30 Apr 22₹15,322
30 Apr 23₹15,391

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 ₹395,578.
Net Profit of ₹95,578
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 26 May 23

DurationReturns
1 Month 5.6%
3 Month 6.9%
6 Month 0.5%
1 Year 12.6%
3 Year 23.7%
5 Year 10.3%
10 Year
15 Year
Since launch 13.6%
Historical performance (Yearly) on absolute basis
YearReturns
2022 -7.7%
2021 32.6%
2020 19.2%
2019 9.4%
2018 -1.3%
2017 35.7%
2016 3.4%
2015 5.8%
2014 54.3%
2013 10.1%
Fund Manager information for Invesco India Tax Plan
NameSinceTenure
Amit Nigam3 Sep 202.66 Yr.
Dhimant Kothari29 Mar 185.09 Yr.

Data below for Invesco India Tax Plan as on 30 Apr 23

Equity Sector Allocation
SectorValue
Financial Services35.6%
Industrials11.84%
Technology11.13%
Consumer Cyclical9.75%
Consumer Defensive6.91%
Basic Materials6.3%
Utility5.09%
Health Care4.67%
Energy4.07%
Communication Services2.04%
Asset Allocation
Asset ClassValue
Cash2.62%
Equity97.38%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 22 | HDFC
10%₹186 Cr671,776
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK
6%₹120 Cr1,310,060
Infosys Ltd (Technology)
Equity, Since 31 Dec 19 | INFY
6%₹119 Cr946,733
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 22 | HDFCBANK
6%₹116 Cr688,633
↑ 224,991
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE
4%₹78 Cr321,608
↓ -62,151
Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | AXISBANK
3%₹58 Cr672,570
LTIMindtree Ltd (Technology)
Equity, Since 30 Apr 22 | LTIM
3%₹55 Cr123,552
Titan Co Ltd (Consumer Cyclical)
Equity, Since 30 Sep 17 | TITAN
3%₹49 Cr185,118
↑ 36,386
Nestle India Ltd (Consumer Defensive)
Equity, Since 31 Dec 22 | NESTLEIND
2%₹47 Cr21,636
Samvardhana Motherson International Ltd (Consumer Cyclical)
Equity, Since 31 Dec 20 | MOTHERSON
2%₹45 Cr6,070,846


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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