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5 Best Performing ELSS Mutual Funds SIP 2021 for Tax Savings u/s 80c

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Best ELSS Mutual Funds for SIP Investment in 2021

Updated on April 7, 2021 , 1623 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. Typically, 80% of the fund corpus is invested in equity and the remaining in debt instruments. Best 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 & offer 2 modes of investments

  1. Lump sum Investment
  2. SIP (Systematic Investment plan) Investment

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Top 5 Best Performing ELSS Mutual Funds SIP FY 21 - 22

1. IDFC Tax Advantage (ELSS) Fund

The investment objective of the Scheme is to seek to generate long term capital growth from a diversified portfolio of predominantly equity and equity related securities. There can be no assurance that the investment objective of the scheme will be realised.

IDFC Tax Advantage (ELSS) Fund is a Equity - ELSS fund was launched on 26 Dec 08. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 18.1% since its launch.  Ranked 3 in ELSS category.  Return for 2020 was 18.7% , 2019 was 1.9% and 2018 was -9.4% .

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

IDFC Tax Advantage (ELSS) Fund
Growth
Launch Date 26 Dec 08
NAV (09 Apr 21) ₹77.58 ↓ -0.10   (-0.13 %)
Net Assets (Cr) ₹2,976 on 28 Feb 21
Category Equity - ELSS
AMC IDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 0.68
Sharpe Ratio 0.97
Information Ratio -0.5
Alpha Ratio 2.87
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Mar 16₹10,000
31 Mar 17₹12,748
31 Mar 18₹15,606
31 Mar 19₹15,750
31 Mar 20₹10,371
31 Mar 21₹20,692

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 ₹458,689.
Net Profit of ₹158,689
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 9 Apr 21

DurationReturns
1 Month 1.7%
3 Month 13.4%
6 Month 40.8%
1 Year 94.1%
3 Year 10%
5 Year 16.7%
10 Year
15 Year
Since launch 18.1%
Historical performance (Yearly) on absolute basis
YearReturns
2020 18.7%
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%
Fund Manager information for IDFC Tax Advantage (ELSS) Fund
NameSinceTenure
Daylynn Pinto20 Oct 164.45 Yr.

Data below for IDFC Tax Advantage (ELSS) Fund as on 28 Feb 21

Equity Sector Allocation
SectorValue
Financial Services20.86%
Consumer Cyclical16.43%
Industrials15.75%
Basic Materials14.73%
Technology12.48%
Health Care6.98%
Energy5.22%
Communication Services3.37%
Consumer Defensive2.4%
Utility0.28%
Asset Allocation
Asset ClassValue
Cash1.51%
Equity98.49%
Other0%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK
7%₹215 Cr3,600,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY
6%₹175 Cr1,400,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK
4%₹123 Cr800,000
Deepak Nitrite Ltd (Basic Materials)
Equity, Since 31 Mar 17 | 506401
4%₹116 Cr851,002
↓ -84,482
Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 31 Jul 18 | RELIANCE
4%₹115 Cr550,000
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
4%₹105 Cr2,700,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL
3%₹100 Cr1,800,000
Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS
3%₹97 Cr3,000,000
NCC Ltd (Industrials)
Equity, Since 28 Feb 19 | NCC
3%₹82 Cr9,250,000
↑ 50,000
KEC International Ltd (Industrials)
Equity, Since 30 Sep 15 | 532714
3%₹78 Cr1,800,000

2. Tata India Tax Savings Fund

To provide medium to long term capital gains along with income tax relief to its Unitholders, while at all times emphasising the importance of capital appreciation..

Tata India Tax Savings Fund is a Equity - ELSS fund was launched on 13 Oct 14. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 14% since its launch.  Ranked 1 in ELSS category.  Return for 2020 was 11.9% , 2019 was 13.6% and 2018 was -8.4% .

Below is the key information for Tata India Tax Savings Fund

Tata India Tax Savings Fund
Growth
Launch Date 13 Oct 14
NAV (09 Apr 21) ₹23.3549 ↓ -0.06   (-0.25 %)
Net Assets (Cr) ₹2,636 on 28 Feb 21
Category Equity - ELSS
AMC Tata Asset Management Limited
Rating
Risk Moderately High
Expense Ratio 1.97
Sharpe Ratio 0.78
Information Ratio -0.68
Alpha Ratio -1.32
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Mar 16₹10,000
31 Mar 17₹12,631
31 Mar 18₹14,411
31 Mar 19₹15,560
31 Mar 20₹11,840
31 Mar 21₹19,801

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 ₹436,710.
Net Profit of ₹136,710
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 9 Apr 21

DurationReturns
1 Month -2.8%
3 Month 5%
6 Month 26.4%
1 Year 60.3%
3 Year 9.9%
5 Year 15%
10 Year
15 Year
Since launch 14%
Historical performance (Yearly) on absolute basis
YearReturns
2020 11.9%
2019 13.6%
2018 -8.4%
2017 46%
2016 2.1%
2015 13.3%
2014
2013
2012
2011
Fund Manager information for Tata India Tax Savings Fund
NameSinceTenure
Rupesh Patel1 Apr 156.01 Yr.
Ennette Fernandes18 Jun 182.79 Yr.

Data below for Tata India Tax Savings Fund as on 28 Feb 21

Equity Sector Allocation
SectorValue
Financial Services37.82%
Technology11.92%
Energy9.99%
Health Care9.48%
Consumer Cyclical9%
Industrials8.75%
Basic Materials5.57%
Communication Services5.06%
Consumer Defensive1.15%
Real Estate0.8%
Asset Allocation
Asset ClassValue
Cash0.46%
Equity99.54%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK
9%₹245 Cr4,100,000
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK
9%₹230 Cr1,500,000
Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY
8%₹222 Cr1,770,000
State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN
8%₹208 Cr5,325,000
Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 31 Jan 18 | RELIANCE
7%₹181 Cr870,000
↓ -50,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 19 | BHARTIARTL
5%₹134 Cr2,400,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 532215
5%₹130 Cr1,800,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC
5%₹119 Cr470,000
UltraTech Cement Ltd (Basic Materials)
Equity, Since 28 Feb 14 | ULTRACEMCO
3%₹76 Cr125,000
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | M&M
3%₹75 Cr930,000

3. DSP BlackRock Tax Saver Fund

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 CAGR/Annualized return of 14.2% since its launch.  Ranked 12 in ELSS category.  Return for 2020 was 15% , 2019 was 14.8% and 2018 was -7.6% .

Below is the key information for DSP BlackRock Tax Saver Fund

DSP BlackRock Tax Saver Fund
Growth
Launch Date 18 Jan 07
NAV (09 Apr 21) ₹66.503 ↓ -0.15   (-0.22 %)
Net Assets (Cr) ₹7,883 on 28 Feb 21
Category Equity - ELSS
AMC DSP BlackRock Invmt Managers Pvt. Ltd.
Rating
Risk Moderately High
Expense Ratio 1.91
Sharpe Ratio 0.85
Information Ratio 0.32
Alpha Ratio -1.73
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Mar 16₹10,000
31 Mar 17₹13,067
31 Mar 18₹14,223
31 Mar 19₹15,420
31 Mar 20₹11,752
31 Mar 21₹20,865

DSP BlackRock 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 ₹458,689.
Net Profit of ₹158,689
Invest Now

Returns for DSP BlackRock 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 9 Apr 21

DurationReturns
1 Month 0.2%
3 Month 7.3%
6 Month 33.5%
1 Year 69%
3 Year 12.9%
5 Year 16.5%
10 Year
15 Year
Since launch 14.2%
Historical performance (Yearly) on absolute basis
YearReturns
2020 15%
2019 14.8%
2018 -7.6%
2017 36.3%
2016 11.3%
2015 4.4%
2014 52.2%
2013 6.7%
2012 39.8%
2011 -26.7%
Fund Manager information for DSP BlackRock Tax Saver Fund
NameSinceTenure
Rohit Singhania16 Jul 155.71 Yr.
Charanjit Singh1 Jan 210.24 Yr.

Data below for DSP BlackRock Tax Saver Fund as on 28 Feb 21

Equity Sector Allocation
SectorValue
Financial Services35.63%
Basic Materials12.76%
Technology9.36%
Consumer Cyclical8.19%
Industrials7.63%
Health Care7.36%
Consumer Defensive4.99%
Communication Services4.53%
Energy4.36%
Utility3.85%
Asset Allocation
Asset ClassValue
Cash1.34%
Equity98.66%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY
8%₹637 Cr5,082,080
↑ 311,187
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK
8%₹599 Cr10,028,596
↓ -1,658,411
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK
7%₹572 Cr3,726,332
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jul 19 | BHARTIARTL
5%₹357 Cr6,420,892
↓ -595,011
Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 532215
4%₹316 Cr4,354,860
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
4%₹283 Cr7,266,283
↓ -2,156,375
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 May 20 | 500696
3%₹226 Cr1,060,242
↑ 124,841
Tata Steel Ltd (Basic Materials)
Equity, Since 31 Dec 20 | TATASTEEL
3%₹220 Cr3,074,876
↑ 117,233
UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 May 14 | ULTRACEMCO
2%₹184 Cr301,231
↓ -15,645
Dr Reddy's Laboratories Ltd (Healthcare)
Equity, Since 31 Jul 20 | 500124
2%₹176 Cr396,776
↑ 24,938

4. 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 13.6% since its launch.  Ranked 7 in ELSS category.  Return for 2020 was 13.5% , 2019 was 4.6% and 2018 was -8.1% .

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

L&T Tax Advantage Fund
Growth
Launch Date 27 Feb 06
NAV (09 Apr 21) ₹68.569 ↑ 0.12   (0.17 %)
Net Assets (Cr) ₹3,416 on 28 Feb 21
Category Equity - ELSS
AMC L&T Investment Management Ltd
Rating
Risk Moderately High
Expense Ratio 2.04
Sharpe Ratio 0.69
Information Ratio -1.57
Alpha Ratio -7.81
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Mar 16₹10,000
31 Mar 17₹13,044
31 Mar 18₹15,121
31 Mar 19₹15,050
31 Mar 20₹10,963
31 Mar 21₹18,809

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 ₹436,710.
Net Profit of ₹136,710
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 9 Apr 21

DurationReturns
1 Month 0.7%
3 Month 5.3%
6 Month 26.4%
1 Year 63.9%
3 Year 7.2%
5 Year 14.2%
10 Year
15 Year
Since launch 13.6%
Historical performance (Yearly) on absolute basis
YearReturns
2020 13.5%
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%
Fund Manager information for L&T Tax Advantage Fund
NameSinceTenure
Venugopal Manghat17 Dec 191.29 Yr.
Vihang Naik17 Dec 191.29 Yr.

Data below for L&T Tax Advantage Fund as on 28 Feb 21

Equity Sector Allocation
SectorValue
Financial Services24.79%
Basic Materials14.95%
Consumer Cyclical14.41%
Technology12.45%
Health Care8.97%
Industrials8.52%
Consumer Defensive6.8%
Energy5.06%
Communication Services2.23%
Asset Allocation
Asset ClassValue
Cash1.83%
Equity98.16%
Other0.01%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK
5%₹175 Cr2,933,600
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK
5%₹168 Cr1,097,700
Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY
5%₹154 Cr1,232,500
Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 31 Aug 18 | RELIANCE
4%₹135 Cr648,400
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 09 | TCS
4%₹125 Cr430,700
Larsen & Toubro Ltd Shs Dematerialised (Industrials)
Equity, Since 31 Mar 06 | LT
3%₹112 Cr778,000
State Bank of India (Financial Services)
Equity, Since 31 Jan 19 | SBIN
3%₹112 Cr2,871,200
↑ 889,200
HCL Technologies Ltd Shs Dematerialised (Technology)
Equity, Since 30 Sep 17 | HCLTECH
3%₹109 Cr1,203,500
↓ -357,400
Emami Ltd (Consumer Defensive)
Equity, Since 30 Jun 19 | 531162
3%₹106 Cr2,333,743
Ramco Cements Ltd (Basic Materials)
Equity, Since 30 Jun 14 | RAMCOCEM
3%₹103 Cr1,068,449

5. 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 15.9% since its launch.  Ranked 8 in ELSS category.  Return for 2020 was 18.9% , 2019 was 2.5% and 2018 was -9.2% .

Below is the key information for Principal Tax Savings Fund

Principal Tax Savings Fund
Growth
Launch Date 31 Mar 96
NAV (09 Apr 21) ₹263.65 ↓ -0.74   (-0.28 %)
Net Assets (Cr) ₹508 on 28 Feb 21
Category Equity - ELSS
AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd.
Rating
Risk Moderately High
Expense Ratio 2.56
Sharpe Ratio 0.92
Information Ratio -1.1
Alpha Ratio 0.69
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Mar 16₹10,000
31 Mar 17₹13,309
31 Mar 18₹15,492
31 Mar 19₹15,870
31 Mar 20₹11,545
31 Mar 21₹19,813

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 ₹436,710.
Net Profit of ₹136,710
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 9 Apr 21

DurationReturns
1 Month -2.4%
3 Month 3.2%
6 Month 27.5%
1 Year 63.1%
3 Year 7.4%
5 Year 15%
10 Year
15 Year
Since launch 15.9%
Historical performance (Yearly) on absolute basis
YearReturns
2020 18.9%
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%
Fund Manager information for Principal Tax Savings Fund
NameSinceTenure
Sudhir Kedia29 Oct 191.42 Yr.

Data below for Principal Tax Savings Fund as on 28 Feb 21

Equity Sector Allocation
SectorValue
Financial Services36.5%
Industrials10.19%
Technology9.93%
Consumer Defensive8.99%
Health Care8.14%
Consumer Cyclical6.88%
Energy6.7%
Basic Materials3.97%
Communication Services3.17%
Utility1.02%
Real Estate0.55%
Asset Allocation
Asset ClassValue
Cash2.28%
Equity97.72%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
10%₹49 Cr814,685
↓ -78,733
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK
7%₹37 Cr243,576
↓ -42,425
Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY
5%₹24 Cr190,534
State Bank of India (Financial Services)
Equity, Since 30 Apr 05 | SBIN
4%₹21 Cr534,680
↓ -89,650
Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 31 Mar 08 | RELIANCE
4%₹21 Cr98,359
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 18 | BHARTIARTL
3%₹16 Cr289,755
Larsen & Toubro Ltd Shs Dematerialised (Industrials)
Equity, Since 31 Mar 13 | LT
3%₹16 Cr109,140
↓ -23,960
Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 17 | 532215
3%₹16 Cr215,925
↓ -14,250
Polycab India Ltd (Industrials)
Equity, Since 30 Nov 20 | 542652
3%₹15 Cr112,670
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Oct 19 | MARUTI
3%₹14 Cr20,033
↑ 7,190

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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