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Best ELSS Mutual Funds for SIP Investment in 2021
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
- Lump sum Investment
- SIP (Systematic Investment plan) Investment
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Top 5 Best Performing ELSS Mutual Funds SIP FY 21 - 22
The investment objective of the Scheme is to seek to generate long term capital growth from a diversified portfolio of predominantly equity and equity related securities. There can be no assurance that the investment objective of the scheme will be realised. IDFC Tax Advantage (ELSS) Fund is a Equity - ELSS fund was launched on 26 Dec 08. It is a fund with Moderately High risk and has given a Below is the key information for IDFC Tax Advantage (ELSS) Fund Returns up to 1 year are on To provide medium to long term capital gains along with income tax relief to its Unitholders, while at all times emphasising the importance of capital appreciation.. Tata India Tax Savings Fund is a Equity - ELSS fund was launched on 13 Oct 14. It is a fund with Moderately High risk and has given a Below is the key information for Tata India Tax Savings Fund Returns up to 1 year are on The 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 Below is the key information for DSP BlackRock Tax Saver Fund Returns up to 1 year are on To generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities. L&T Tax Advantage Fund is a Equity - ELSS fund was launched on 27 Feb 06. It is a fund with Moderately High risk and has given a Below is the key information for L&T Tax Advantage Fund Returns up to 1 year are on To build a high quality growth-oriented portfolio to provide long-term capital gains to the investors, the scheme aims at providing returns through capital appreciation. Principal Tax Savings Fund is a Equity - ELSS fund was launched on 31 Mar 96. It is a fund with Moderately High risk and has given a Below is the key information for Principal Tax Savings Fund Returns up to 1 year are on 1. IDFC Tax Advantage (ELSS) Fund
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% . 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.
Date Value 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 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 9 Apr 21 Duration Returns 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
Year Returns 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
Name Since Tenure Daylynn Pinto 20 Oct 16 4.45 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 28 Feb 21
Equity Sector Allocation
Sector Value Financial Services 20.86% Consumer Cyclical 16.43% Industrials 15.75% Basic Materials 14.73% Technology 12.48% Health Care 6.98% Energy 5.22% Communication Services 3.37% Consumer Defensive 2.4% Utility 0.28% Asset Allocation
Asset Class Value Cash 1.51% Equity 98.49% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK7% ₹215 Cr 3,600,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY6% ₹175 Cr 1,400,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK4% ₹123 Cr 800,000 Deepak Nitrite Ltd (Basic Materials)
Equity, Since 31 Mar 17 | 5064014% ₹116 Cr 851,002
↓ -84,482 Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 31 Jul 18 | RELIANCE4% ₹115 Cr 550,000 State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN4% ₹105 Cr 2,700,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL3% ₹100 Cr 1,800,000 Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS3% ₹97 Cr 3,000,000 NCC Ltd (Industrials)
Equity, Since 28 Feb 19 | NCC3% ₹82 Cr 9,250,000
↑ 50,000 KEC International Ltd (Industrials)
Equity, Since 30 Sep 15 | 5327143% ₹78 Cr 1,800,000 2. Tata India Tax Savings Fund
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% . 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.
Date Value 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 Returns for Tata India Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 9 Apr 21 Duration Returns 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
Year Returns 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
Name Since Tenure Rupesh Patel 1 Apr 15 6.01 Yr. Ennette Fernandes 18 Jun 18 2.79 Yr. Data below for Tata India Tax Savings Fund as on 28 Feb 21
Equity Sector Allocation
Sector Value Financial Services 37.82% Technology 11.92% Energy 9.99% Health Care 9.48% Consumer Cyclical 9% Industrials 8.75% Basic Materials 5.57% Communication Services 5.06% Consumer Defensive 1.15% Real Estate 0.8% Asset Allocation
Asset Class Value Cash 0.46% Equity 99.54% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK9% ₹245 Cr 4,100,000 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK9% ₹230 Cr 1,500,000 Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY8% ₹222 Cr 1,770,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN8% ₹208 Cr 5,325,000 Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 31 Jan 18 | RELIANCE7% ₹181 Cr 870,000
↓ -50,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 19 | BHARTIARTL5% ₹134 Cr 2,400,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322155% ₹130 Cr 1,800,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC5% ₹119 Cr 470,000 UltraTech Cement Ltd (Basic Materials)
Equity, Since 28 Feb 14 | ULTRACEMCO3% ₹76 Cr 125,000 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | M&M3% ₹75 Cr 930,000 3. DSP BlackRock Tax Saver Fund
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% . 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.
Date Value 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 Returns for DSP BlackRock Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 9 Apr 21 Duration Returns 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
Year Returns 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
Name Since Tenure Rohit Singhania 16 Jul 15 5.71 Yr. Charanjit Singh 1 Jan 21 0.24 Yr. Data below for DSP BlackRock Tax Saver Fund as on 28 Feb 21
Equity Sector Allocation
Sector Value Financial Services 35.63% Basic Materials 12.76% Technology 9.36% Consumer Cyclical 8.19% Industrials 7.63% Health Care 7.36% Consumer Defensive 4.99% Communication Services 4.53% Energy 4.36% Utility 3.85% Asset Allocation
Asset Class Value Cash 1.34% Equity 98.66% Top Securities Holdings / Portfolio
Name Holding Value Quantity Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY8% ₹637 Cr 5,082,080
↑ 311,187 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK8% ₹599 Cr 10,028,596
↓ -1,658,411 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK7% ₹572 Cr 3,726,332 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jul 19 | BHARTIARTL5% ₹357 Cr 6,420,892
↓ -595,011 Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 5322154% ₹316 Cr 4,354,860 State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN4% ₹283 Cr 7,266,283
↓ -2,156,375 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 May 20 | 5006963% ₹226 Cr 1,060,242
↑ 124,841 Tata Steel Ltd (Basic Materials)
Equity, Since 31 Dec 20 | TATASTEEL3% ₹220 Cr 3,074,876
↑ 117,233 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 May 14 | ULTRACEMCO2% ₹184 Cr 301,231
↓ -15,645 Dr Reddy's Laboratories Ltd (Healthcare)
Equity, Since 31 Jul 20 | 5001242% ₹176 Cr 396,776
↑ 24,938 4. L&T Tax Advantage Fund
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% . 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.
Date Value 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 Returns for L&T Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 9 Apr 21 Duration Returns 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
Year Returns 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
Name Since Tenure Venugopal Manghat 17 Dec 19 1.29 Yr. Vihang Naik 17 Dec 19 1.29 Yr. Data below for L&T Tax Advantage Fund as on 28 Feb 21
Equity Sector Allocation
Sector Value Financial Services 24.79% Basic Materials 14.95% Consumer Cyclical 14.41% Technology 12.45% Health Care 8.97% Industrials 8.52% Consumer Defensive 6.8% Energy 5.06% Communication Services 2.23% Asset Allocation
Asset Class Value Cash 1.83% Equity 98.16% Other 0.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK5% ₹175 Cr 2,933,600 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK5% ₹168 Cr 1,097,700 Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY5% ₹154 Cr 1,232,500 Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 31 Aug 18 | RELIANCE4% ₹135 Cr 648,400 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 09 | TCS4% ₹125 Cr 430,700 Larsen & Toubro Ltd Shs Dematerialised (Industrials)
Equity, Since 31 Mar 06 | LT3% ₹112 Cr 778,000 State Bank of India (Financial Services)
Equity, Since 31 Jan 19 | SBIN3% ₹112 Cr 2,871,200
↑ 889,200 HCL Technologies Ltd Shs Dematerialised (Technology)
Equity, Since 30 Sep 17 | HCLTECH3% ₹109 Cr 1,203,500
↓ -357,400 Emami Ltd (Consumer Defensive)
Equity, Since 30 Jun 19 | 5311623% ₹106 Cr 2,333,743 Ramco Cements Ltd (Basic Materials)
Equity, Since 30 Jun 14 | RAMCOCEM3% ₹103 Cr 1,068,449 5. Principal Tax Savings Fund
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% . 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.
Date Value 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 Returns for Principal Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 9 Apr 21 Duration Returns 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
Year Returns 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
Name Since Tenure Sudhir Kedia 29 Oct 19 1.42 Yr. Data below for Principal Tax Savings Fund as on 28 Feb 21
Equity Sector Allocation
Sector Value Financial Services 36.5% Industrials 10.19% Technology 9.93% Consumer Defensive 8.99% Health Care 8.14% Consumer Cyclical 6.88% Energy 6.7% Basic Materials 3.97% Communication Services 3.17% Utility 1.02% Real Estate 0.55% Asset Allocation
Asset Class Value Cash 2.28% Equity 97.72% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK10% ₹49 Cr 814,685
↓ -78,733 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK7% ₹37 Cr 243,576
↓ -42,425 Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY5% ₹24 Cr 190,534 State Bank of India (Financial Services)
Equity, Since 30 Apr 05 | SBIN4% ₹21 Cr 534,680
↓ -89,650 Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 31 Mar 08 | RELIANCE4% ₹21 Cr 98,359 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 18 | BHARTIARTL3% ₹16 Cr 289,755 Larsen & Toubro Ltd Shs Dematerialised (Industrials)
Equity, Since 31 Mar 13 | LT3% ₹16 Cr 109,140
↓ -23,960 Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 17 | 5322153% ₹16 Cr 215,925
↓ -14,250 Polycab India Ltd (Industrials)
Equity, Since 30 Nov 20 | 5426523% ₹15 Cr 112,670 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Oct 19 | MARUTI3% ₹14 Cr 20,033
↑ 7,190
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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