fincash logo SOLUTIONS
EXPLORE FUNDS
CALCULATORS
fincash number+91-22-62820123
5 Best Performing ELSS Mutual Funds SIP 2022 for Tax Savings u/s 80c

Fincash » Mutual Funds » Best ELSS Funds SIP

Best ELSS Mutual Funds for SIP Investment in 2022

Updated on May 19, 2022 , 2521 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

Ready to Invest?
Talk to our investment specialist
Disclaimer:
By submitting this form I authorize Fincash.com to call/SMS/email me about its products and I accept the terms of Privacy Policy and Terms & Conditions.

Top 5 Best Performing ELSS Mutual Funds SIP FY 22 - 23

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 17.9% since its launch.  Ranked 3 in ELSS category.  Return for 2021 was 49.2% , 2020 was 18.7% and 2019 was 1.9% .

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

IDFC Tax Advantage (ELSS) Fund
Growth
Launch Date 26 Dec 08
NAV (20 May 22) ₹90.96 ↑ 2.33   (2.63 %)
Net Assets (Cr) ₹3,742 on 30 Apr 22
Category Equity - ELSS
AMC IDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 2.06
Sharpe Ratio 1.58
Information Ratio 0.45
Alpha Ratio 5.15
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Apr 17₹10,000
30 Apr 18₹12,522
30 Apr 19₹11,764
30 Apr 20₹9,100
30 Apr 21₹16,141
30 Apr 22₹20,389

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 ₹426,080.
Net Profit of ₹126,080
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 20 May 22

DurationReturns
1 Month -7.5%
3 Month -5%
6 Month -6.9%
1 Year 12.8%
3 Year 17.4%
5 Year 13.5%
10 Year
15 Year
Since launch 17.9%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2012 36.2%
Fund Manager information for IDFC Tax Advantage (ELSS) Fund
NameSinceTenure
Daylynn Pinto20 Oct 165.53 Yr.

Data below for IDFC Tax Advantage (ELSS) Fund as on 30 Apr 22

Equity Sector Allocation
SectorValue
Financial Services24.34%
Consumer Cyclical17.7%
Industrials13.17%
Basic Materials12.13%
Technology11.37%
Health Care6.92%
Energy4.1%
Consumer Defensive3.5%
Communication Services2.77%
Asset Allocation
Asset ClassValue
Cash4.01%
Equity95.99%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK
8%₹282 Cr3,800,000
↑ 100,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY
6%₹219 Cr1,400,000
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
5%₹174 Cr3,500,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE
4%₹153 Cr550,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK
4%₹145 Cr1,050,000
↑ 100,000
Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS
3%₹123 Cr2,800,000
Greenpanel Industries Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 31 Jul 19 | GREENPANEL
3%₹120 Cr1,976,440
↓ -123,560
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL
3%₹103 Cr1,400,000
Deepak Nitrite Ltd (Basic Materials)
Equity, Since 31 Mar 17 | DEEPAKNTR
3%₹100 Cr430,000
↓ -10,000
Jindal Steel & Power Ltd (Basic Materials)
Equity, Since 31 Mar 18 | JINDALSTEL
3%₹96 Cr1,784,695
↓ -15,305

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 13.4% since its launch.  Ranked 1 in ELSS category.  Return for 2021 was 30.4% , 2020 was 11.9% and 2019 was 13.6% .

Below is the key information for Tata India Tax Savings Fund

Tata India Tax Savings Fund
Growth
Launch Date 13 Oct 14
NAV (20 May 22) ₹25.9215 ↑ 0.67   (2.65 %)
Net Assets (Cr) ₹2,978 on 30 Apr 22
Category Equity - ELSS
AMC Tata Asset Management Limited
Rating
Risk Moderately High
Expense Ratio 1.9
Sharpe Ratio 1.18
Information Ratio -0.51
Alpha Ratio -1.45
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Apr 17₹10,000
30 Apr 18₹11,575
30 Apr 19₹11,689
30 Apr 20₹10,077
30 Apr 21₹14,825
30 Apr 22₹17,632

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 ₹395,578.
Net Profit of ₹95,578
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 20 May 22

DurationReturns
1 Month -6.6%
3 Month -6.3%
6 Month -9.1%
1 Year 9.8%
3 Year 12.1%
5 Year 10.9%
10 Year
15 Year
Since launch 13.4%
Historical performance (Yearly) on absolute basis
YearReturns
2021 30.4%
2020 11.9%
2019 13.6%
2018 -8.4%
2017 46%
2016 2.1%
2015 13.3%
2014
2013
2012
Fund Manager information for Tata India Tax Savings Fund
NameSinceTenure
Tejas Gutka9 Mar 211.15 Yr.

Data below for Tata India Tax Savings Fund as on 30 Apr 22

Equity Sector Allocation
SectorValue
Financial Services35.1%
Industrials17.66%
Technology9.05%
Energy7.54%
Consumer Cyclical7.06%
Basic Materials6.01%
Health Care5.73%
Communication Services4.92%
Utility2.36%
Real Estate1.44%
Asset Allocation
Asset ClassValue
Cash3.12%
Equity96.88%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK
7%₹208 Cr2,800,000
↓ -520,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE
6%₹188 Cr675,000
Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY
6%₹182 Cr1,160,000
↓ -190,000
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK
6%₹181 Cr1,305,000
↑ 170,000
State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN
6%₹171 Cr3,450,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC
4%₹128 Cr575,000
↑ 105,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | AXISBANK
4%₹107 Cr1,465,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 19 | BHARTIARTL
3%₹94 Cr1,275,000
KEI Industries Ltd (Industrials)
Equity, Since 30 Jun 21 | KEI
2%₹68 Cr563,824
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 16 | LT
2%₹66 Cr390,000

3. 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 2021 was 32.1% , 2020 was 18.9% and 2019 was 2.5% .

Below is the key information for Principal Tax Savings Fund

Principal Tax Savings Fund
Growth
Launch Date 31 Mar 96
NAV (20 May 22) ₹302.727 ↑ 7.10   (2.40 %)
Net Assets (Cr) ₹920 on 30 Apr 22
Category Equity - ELSS
AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd.
Rating
Risk Moderately High
Expense Ratio 2.55
Sharpe Ratio 1.46
Information Ratio -0.33
Alpha Ratio 1.92
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Apr 17₹10,000
30 Apr 18₹12,009
30 Apr 19₹11,294
30 Apr 20₹9,387
30 Apr 21₹14,239
30 Apr 22₹17,405

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 20 May 22

DurationReturns
1 Month -6.6%
3 Month -6.6%
6 Month -10.1%
1 Year 11.9%
3 Year 13.3%
5 Year 10.3%
10 Year
15 Year
Since launch 15.7%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2012 46.5%
Fund Manager information for Principal Tax Savings Fund
NameSinceTenure
Sudhir Kedia29 Oct 192.51 Yr.
Rohit Seksaria1 Jan 220.33 Yr.

Data below for Principal Tax Savings Fund as on 30 Apr 22

Equity Sector Allocation
SectorValue
Financial Services35.88%
Consumer Cyclical16.01%
Technology14.87%
Industrials12.04%
Health Care6.42%
Energy3.88%
Consumer Defensive3.31%
Basic Materials2.78%
Communication Services2.09%
Real Estate0.83%
Asset Allocation
Asset ClassValue
Cash1.87%
Equity98.13%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
8%₹76 Cr1,044,215
Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY
7%₹66 Cr346,446
↓ -20,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK
5%₹49 Cr335,117
Polycab India Ltd (Industrials)
Equity, Since 30 Nov 20 | POLYCAB
4%₹41 Cr172,375
State Bank of India (Financial Services)
Equity, Since 30 Apr 05 | SBIN
4%₹39 Cr787,020
↑ 77,425
Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 21 | RELIANCE
4%₹36 Cr137,512
Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 17 | 532215
3%₹31 Cr410,005
↑ 30,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 14 | TCS
3%₹31 Cr83,073
↓ -821
Ashok Leyland Ltd (Industrials)
Equity, Since 31 Aug 20 | 500477
3%₹28 Cr2,405,310
↑ 90,000
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Oct 19 | MARUTI
3%₹24 Cr31,194

4. 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% since its launch.  Ranked 12 in ELSS category.  Return for 2021 was 35.1% , 2020 was 15% and 2019 was 14.8% .

Below is the key information for DSP BlackRock Tax Saver Fund

DSP BlackRock Tax Saver Fund
Growth
Launch Date 18 Jan 07
NAV (20 May 22) ₹74.874 ↑ 1.59   (2.17 %)
Net Assets (Cr) ₹9,811 on 30 Apr 22
Category Equity - ELSS
AMC DSP BlackRock Invmt Managers Pvt. Ltd.
Rating
Risk Moderately High
Expense Ratio 1.87
Sharpe Ratio 1.2
Information Ratio 0.32
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 17₹10,000
30 Apr 18₹11,129
30 Apr 19₹11,431
30 Apr 20₹9,964
30 Apr 21₹15,689
30 Apr 22₹18,697

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 ₹415,684.
Net Profit of ₹115,684
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 20 May 22

DurationReturns
1 Month -6.6%
3 Month -5.9%
6 Month -9%
1 Year 8.5%
3 Year 15.8%
5 Year 12%
10 Year
15 Year
Since launch 14%
Historical performance (Yearly) on absolute basis
YearReturns
2021 35.1%
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%
Fund Manager information for DSP BlackRock Tax Saver Fund
NameSinceTenure
Rohit Singhania16 Jul 156.79 Yr.
Charanjit Singh1 Jan 211.33 Yr.

Data below for DSP BlackRock Tax Saver Fund as on 30 Apr 22

Equity Sector Allocation
SectorValue
Financial Services36.83%
Consumer Cyclical10.69%
Basic Materials10.41%
Technology10.32%
Industrials8.58%
Health Care7.72%
Utility5.83%
Communication Services3.11%
Energy2.68%
Consumer Defensive2.67%
Asset Allocation
Asset ClassValue
Cash1.16%
Equity98.84%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK
9%₹915 Cr12,314,497
↑ 136,012
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK
8%₹756 Cr5,456,452
↑ 564,039
Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY
7%₹709 Cr4,522,740
↑ 126,850
Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | AXISBANK
7%₹640 Cr8,783,608
↑ 127,811
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
5%₹504 Cr10,158,698
↑ 687,305
SBI Life Insurance Company Limited (Financial Services)
Equity, Since 30 Jun 20 | SBILIFE
3%₹273 Cr2,468,846
NTPC Ltd (Utilities)
Equity, Since 31 Jan 19 | NTPC
3%₹272 Cr17,387,006
↑ 1,705,727
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jul 19 | BHARTIARTL
3%₹260 Cr3,522,557
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Apr 20 | SUNPHARMA
3%₹259 Cr2,786,716
↑ 164,235
HCL Technologies Ltd (Technology)
Equity, Since 31 Mar 21 | HCLTECH
2%₹238 Cr2,204,994

5. 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 12.9% since its launch.  Ranked 7 in ELSS category.  Return for 2021 was 30.3% , 2020 was 13.5% and 2019 was 4.6% .

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

L&T Tax Advantage Fund
Growth
Launch Date 27 Feb 06
NAV (20 May 22) ₹71.302 ↑ 1.67   (2.39 %)
Net Assets (Cr) ₹3,239 on 30 Apr 22
Category Equity - ELSS
AMC L&T Investment Management Ltd
Rating
Risk Moderately High
Expense Ratio 2.03
Sharpe Ratio 0.88
Information Ratio -0.85
Alpha Ratio -3.35
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Apr 17₹10,000
30 Apr 18₹11,760
30 Apr 19₹10,908
30 Apr 20₹9,165
30 Apr 21₹13,734
30 Apr 22₹15,693

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 ₹367,070.
Net Profit of ₹67,070
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 20 May 22

DurationReturns
1 Month -8%
3 Month -7.4%
6 Month -12.2%
1 Year 3%
3 Year 10%
5 Year 7.7%
10 Year
15 Year
Since launch 12.9%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2012 27.4%
Fund Manager information for L&T Tax Advantage Fund
NameSinceTenure
Vihang Naik17 Dec 192.37 Yr.
Cheenu Gupta2 Jul 210.83 Yr.

Data below for L&T Tax Advantage Fund as on 30 Apr 22

Equity Sector Allocation
SectorValue
Financial Services24.12%
Consumer Cyclical19.57%
Technology17.3%
Basic Materials10.94%
Energy9.63%
Health Care5.02%
Utility4.5%
Industrials2.4%
Real Estate2.01%
Consumer Defensive1.8%
Communication Services1.13%
Asset Allocation
Asset ClassValue
Cash1.59%
Equity98.41%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 21 | RELIANCE
10%₹312 Cr1,118,400
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK
8%₹266 Cr3,572,500
Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY
7%₹220 Cr1,400,900
↑ 71,700
State Bank of India (Financial Services)
Equity, Since 31 Jan 19 | SBIN
5%₹171 Cr3,445,000
Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Jul 21 | BAJFINANCE
4%₹123 Cr184,200
Titan Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 21 | TITAN
4%₹122 Cr496,500
Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 21 | INDHOTEL
4%₹116 Cr4,540,577
Persistent Systems Ltd (Technology)
Equity, Since 31 Jul 21 | PERSISTENT
3%₹101 Cr234,400
↑ 38,900
Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 Oct 21 | TATAMOTORS
3%₹91 Cr2,075,100
↓ -231,500
SRF Ltd (Basic Materials)
Equity, Since 31 Jul 21 | SRF
3%₹87 Cr344,800

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.
How helpful was this page ?
Rated 4.7, based on 3 reviews.
POST A COMMENT