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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 July 26, 2021 , 1880 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 18.8% 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 (28 Jul 21) ₹87.25 ↓ -0.26   (-0.30 %)
Net Assets (Cr) ₹3,295 on 30 Jun 21
Category Equity - ELSS
AMC IDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 0.68
Sharpe Ratio 3.86
Information Ratio -0.02
Alpha Ratio 17.61
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Jun 16₹10,000
30 Jun 17₹12,687
30 Jun 18₹14,298
30 Jun 19₹14,528
30 Jun 20₹11,942
30 Jun 21₹21,889

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 28 Jul 21

DurationReturns
1 Month 1.5%
3 Month 12.4%
6 Month 30.8%
1 Year 73.9%
3 Year 15.3%
5 Year 16.2%
10 Year
15 Year
Since launch 18.8%
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 164.7 Yr.

Data below for IDFC Tax Advantage (ELSS) Fund as on 30 Jun 21

Equity Sector Allocation
SectorValue
Financial Services22.45%
Consumer Cyclical15.84%
Industrials15.27%
Basic Materials13.48%
Technology13.16%
Health Care6.79%
Energy4.8%
Consumer Defensive2.88%
Communication Services2.71%
Asset Allocation
Asset ClassValue
Cash2.61%
Equity97.39%
Other0%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK
7%₹227 Cr3,600,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY
7%₹221 Cr1,400,000
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
5%₹151 Cr3,600,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK
4%₹142 Cr950,000
Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 31 Jul 18 | RELIANCE
4%₹116 Cr550,000
Deepak Nitrite Ltd (Basic Materials)
Equity, Since 31 Mar 17 | 506401
3%₹112 Cr620,000
↓ -30,000
Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS
3%₹102 Cr3,000,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL
3%₹89 Cr1,700,000
NCC Ltd (Industrials)
Equity, Since 28 Feb 19 | NCC
2%₹80 Cr9,200,000
↓ -100,000
KEC International Ltd (Industrials)
Equity, Since 30 Sep 15 | 532714
2%₹77 Cr1,700,000
↓ -25,000

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 14.5% 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 (28 Jul 21) ₹25.0949 ↓ -0.06   (-0.23 %)
Net Assets (Cr) ₹2,708 on 30 Jun 21
Category Equity - ELSS
AMC Tata Asset Management Limited
Rating
Risk Moderately High
Expense Ratio 1.97
Sharpe Ratio 2.8
Information Ratio -0.28
Alpha Ratio 5.7
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Jun 16₹10,000
30 Jun 17₹12,142
30 Jun 18₹13,014
30 Jun 19₹14,568
30 Jun 20₹12,466
30 Jun 21₹19,176

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 ₹426,080.
Net Profit of ₹126,080
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 28 Jul 21

DurationReturns
1 Month 0.9%
3 Month 7.1%
6 Month 16.3%
1 Year 44.1%
3 Year 12.8%
5 Year 13.1%
10 Year
15 Year
Since launch 14.5%
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 156.25 Yr.
Ennette Fernandes18 Jun 183.04 Yr.

Data below for Tata India Tax Savings Fund as on 30 Jun 21

Equity Sector Allocation
SectorValue
Financial Services35.97%
Industrials13.15%
Technology11.11%
Consumer Cyclical8.73%
Basic Materials8.48%
Energy7.57%
Health Care7.19%
Communication Services3.4%
Real Estate1.52%
Utility1.48%
Asset Allocation
Asset ClassValue
Cash1.39%
Equity98.61%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK
10%₹259 Cr4,100,000
Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY
9%₹247 Cr1,560,000
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK
7%₹195 Cr1,300,000
State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN
7%₹184 Cr4,400,000
Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 31 Jan 18 | RELIANCE
6%₹158 Cr750,000
↓ -120,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC
4%₹116 Cr470,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 532215
4%₹116 Cr1,550,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 19 | BHARTIARTL
3%₹92 Cr1,750,000
Voltas Ltd Shs Dematerialised (Industrials)
Equity, Since 31 May 19 | VOLTAS
2%₹60 Cr590,000
Polycab India Ltd (Industrials)
Equity, Since 31 Jan 21 | 542652
2%₹60 Cr304,000
↑ 106,700

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 15% 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 (28 Jul 21) ₹76.507 ↑ 0.07   (0.09 %)
Net Assets (Cr) ₹8,963 on 30 Jun 21
Category Equity - ELSS
AMC DSP BlackRock Invmt Managers Pvt. Ltd.
Rating
Risk Moderately High
Expense Ratio 1.91
Sharpe Ratio 3.41
Information Ratio 1.23
Alpha Ratio 4.33
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Jun 16₹10,000
30 Jun 17₹12,216
30 Jun 18₹12,844
30 Jun 19₹14,231
30 Jun 20₹13,001
30 Jun 21₹21,444

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 ₹447,579.
Net Profit of ₹147,579
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 28 Jul 21

DurationReturns
1 Month 3.3%
3 Month 14.6%
6 Month 27.9%
1 Year 61.2%
3 Year 17.9%
5 Year 15.8%
10 Year
15 Year
Since launch 15%
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 155.96 Yr.
Charanjit Singh1 Jan 210.5 Yr.

Data below for DSP BlackRock Tax Saver Fund as on 30 Jun 21

Equity Sector Allocation
SectorValue
Financial Services38.6%
Basic Materials12.19%
Technology10.63%
Consumer Cyclical9.13%
Industrials8.44%
Health Care6.42%
Utility4.93%
Communication Services3.54%
Energy2.92%
Consumer Defensive2.13%
Asset Allocation
Asset ClassValue
Cash1.07%
Equity98.92%
Debt0.01%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY
9%₹799 Cr5,056,129
↓ -349,113
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK
8%₹736 Cr11,659,184
↑ 140,498
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK
6%₹580 Cr3,873,109
↑ 88,703
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
5%₹457 Cr10,908,502
↑ 208,883
Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 532215
4%₹374 Cr5,003,320
↑ 120,477
Tata Steel Ltd (Basic Materials)
Equity, Since 31 Dec 20 | TATASTEEL
4%₹342 Cr2,933,059
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jul 19 | BHARTIARTL
4%₹317 Cr6,032,398
Dr Reddy's Laboratories Ltd (Healthcare)
Equity, Since 31 Jul 20 | 500124
2%₹204 Cr375,535
Crompton Greaves Consumer Electricals Ltd (Consumer Cyclical)
Equity, Since 31 Jul 19 | CROMPTON
2%₹191 Cr4,386,588
UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 May 14 | ULTRACEMCO
2%₹181 Cr266,775

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 13.9% 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 (28 Jul 21) ₹74.814 ↑ 0.10   (0.14 %)
Net Assets (Cr) ₹3,509 on 30 Jun 21
Category Equity - ELSS
AMC L&T Investment Management Ltd
Rating
Risk Moderately High
Expense Ratio 2.04
Sharpe Ratio 3.36
Information Ratio -1.19
Alpha Ratio 4.84
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Jun 16₹10,000
30 Jun 17₹12,660
30 Jun 18₹13,784
30 Jun 19₹13,739
30 Jun 20₹11,993
30 Jun 21₹18,468

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 ₹415,684.
Net Profit of ₹115,684
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 28 Jul 21

DurationReturns
1 Month 2%
3 Month 10.1%
6 Month 21.1%
1 Year 49.2%
3 Year 9.9%
5 Year 12.5%
10 Year
15 Year
Since launch 13.9%
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
Vihang Naik17 Dec 191.54 Yr.
Cheenu Gupta2 Jul 210 Yr.

Data below for L&T Tax Advantage Fund as on 30 Jun 21

Equity Sector Allocation
SectorValue
Financial Services21.19%
Consumer Cyclical16.33%
Basic Materials16.31%
Technology12%
Health Care9.73%
Industrials9.56%
Consumer Defensive7.49%
Energy4.12%
Communication Services2.05%
Asset Allocation
Asset ClassValue
Cash1.21%
Equity98.78%
Other0.01%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY
4%₹153 Cr970,300
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK
4%₹131 Cr2,076,800
Emami Ltd (Consumer Defensive)
Equity, Since 30 Jun 19 | 531162
4%₹131 Cr2,333,743
State Bank of India (Financial Services)
Equity, Since 31 Jan 19 | SBIN
3%₹120 Cr2,871,200
HCL Technologies Ltd Shs Dematerialised (Technology)
Equity, Since 30 Sep 17 | HCLTECH
3%₹118 Cr1,203,500
Larsen & Toubro Ltd Shs Dematerialised (Industrials)
Equity, Since 31 Mar 06 | LT
3%₹117 Cr778,000
Ramco Cements Ltd (Basic Materials)
Equity, Since 30 Jun 14 | RAMCOCEM
3%₹110 Cr1,068,449
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 09 | TCS
3%₹105 Cr315,000
K.P.R. Mill Ltd (Consumer Cyclical)
Equity, Since 31 Jan 15 | 532889
3%₹105 Cr686,900
Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 31 Aug 18 | RELIANCE
3%₹103 Cr487,400

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 16.1% 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 (28 Jul 21) ₹293.03 ↓ -0.53   (-0.18 %)
Net Assets (Cr) ₹549 on 30 Jun 21
Category Equity - ELSS
AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd.
Rating
Risk Moderately High
Expense Ratio 2.56
Sharpe Ratio 3.12
Information Ratio -0.83
Alpha Ratio -0.41
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Jun 16₹10,000
30 Jun 17₹12,955
30 Jun 18₹14,029
30 Jun 19₹14,377
30 Jun 20₹12,594
30 Jun 21₹20,029

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 ₹426,080.
Net Profit of ₹126,080
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 28 Jul 21

DurationReturns
1 Month 0.1%
3 Month 9.9%
6 Month 18.8%
1 Year 48.7%
3 Year 11.7%
5 Year 14%
10 Year
15 Year
Since launch 16.1%
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 191.67 Yr.

Data below for Principal Tax Savings Fund as on 30 Jun 21

Equity Sector Allocation
SectorValue
Financial Services34.51%
Technology12.68%
Consumer Cyclical11.05%
Industrials8.46%
Consumer Defensive7.95%
Basic Materials5.95%
Health Care5.01%
Communication Services4.78%
Energy3.06%
Utility1.03%
Real Estate0.97%
Asset Allocation
Asset ClassValue
Cash1.28%
Equity98.71%
Debt0.01%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
8%₹42 Cr665,990
↓ -109,900
Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY
7%₹40 Cr250,459
↑ 59,925
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK
6%₹32 Cr212,741
↓ -30,835
Polycab India Ltd (Industrials)
Equity, Since 30 Nov 20 | 542652
4%₹22 Cr112,670
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Oct 19 | MARUTI
3%₹18 Cr23,703
Reliance Industries Ltd.
Equity, Since 30 Jun 21 | -
3%₹18 Cr118,720
↑ 118,720
State Bank of India (Financial Services)
Equity, Since 30 Apr 05 | SBIN
3%₹17 Cr396,310
↓ -138,370
Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 17 | 532215
3%₹16 Cr219,595
↓ -29,005
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 14 | TCS
3%₹15 Cr45,454
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 18 | BHARTIARTL
3%₹14 Cr269,710
↓ -20,045

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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