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Best ELSS Mutual Funds for SIP Investment in 2023
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 23 - 24
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 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 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 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 1. Tata India Tax Savings Fund
CAGR/Annualized return of 13.8% since its launch. Ranked 1 in ELSS category. Return for 2022 was 5.9% , 2021 was 30.4% and 2020 was 11.9% . Tata India Tax Savings Fund
Growth Launch Date 13 Oct 14 NAV (03 Feb 23) ₹29.1839 ↑ 0.30 (1.04 %) Net Assets (Cr) ₹3,192 on 31 Dec 22 Category Equity - ELSS AMC Tata Asset Management Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 0 Sharpe Ratio 0.13 Information Ratio -0.52 Alpha Ratio 1.54 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 18 ₹10,000 31 Jan 19 ₹9,207 31 Jan 20 ₹10,540 31 Jan 21 ₹11,667 31 Jan 22 ₹15,464 31 Jan 23 ₹15,799 Returns for Tata India Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 3 Feb 23 Duration Returns 1 Month -2.7% 3 Month -1.7% 6 Month 3.5% 1 Year 2.1% 3 Year 15.7% 5 Year 10.6% 10 Year 15 Year Since launch 13.8% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Tejas Gutka 9 Mar 21 1.82 Yr. Data below for Tata India Tax Savings Fund as on 31 Dec 22
Equity Sector Allocation
Sector Value Financial Services 36.88% Industrials 16.97% Technology 8.64% Consumer Cyclical 8.29% Health Care 5.85% Basic Materials 5.69% Energy 5.39% Communication Services 5.08% Utility 2.31% Consumer Defensive 2.06% Real Estate 1.21% Asset Allocation
Asset Class Value Cash 1.63% Equity 98.37% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK7% ₹212 Cr 1,305,000 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK6% ₹207 Cr 2,325,000 Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY5% ₹175 Cr 1,160,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE5% ₹172 Cr 675,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN5% ₹153 Cr 2,500,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC5% ₹152 Cr 575,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | AXISBANK4% ₹137 Cr 1,465,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 19 | BHARTIARTL3% ₹92 Cr 1,140,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 16 | LT3% ₹81 Cr 390,000 The Federal Bank Ltd (Financial Services)
Equity, Since 31 Oct 21 | FEDERALBNK2% ₹70 Cr 5,000,000 2. IDFC Tax Advantage (ELSS) Fund
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% . IDFC Tax Advantage (ELSS) Fund
Growth Launch Date 26 Dec 08 NAV (03 Feb 23) ₹100.459 ↑ 0.65 (0.65 %) Net Assets (Cr) ₹4,026 on 31 Dec 22 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.95 Sharpe Ratio 0.03 Information Ratio 0.72 Alpha Ratio -0.51 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 18 ₹10,000 31 Jan 19 ₹8,614 31 Jan 20 ₹9,289 31 Jan 21 ₹10,943 31 Jan 22 ₹16,319 31 Jan 23 ₹16,535 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 3 Feb 23 Duration Returns 1 Month -1.9% 3 Month -1.3% 6 Month 4.1% 1 Year 0.2% 3 Year 22.1% 5 Year 11.6% 10 Year 15 Year Since launch 17.8% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Daylynn Pinto 20 Oct 16 6.2 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 31 Dec 22
Equity Sector Allocation
Sector Value Financial Services 28.12% Consumer Cyclical 15.31% Industrials 12.65% Basic Materials 9.92% Technology 9.43% Health Care 6.36% Energy 3.8% Consumer Defensive 3.34% Communication Services 2.8% Utility 1.36% Asset Allocation
Asset Class Value Cash 6.9% Equity 93.1% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK8% ₹339 Cr 3,800,000 State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN5% ₹215 Cr 3,500,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY5% ₹204 Cr 1,350,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK4% ₹171 Cr 1,050,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE4% ₹153 Cr 600,000
↑ 50,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | AXISBANK3% ₹131 Cr 1,400,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL3% ₹113 Cr 1,400,000 Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS3% ₹101 Cr 2,600,000 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Jul 20 | M&M2% ₹100 Cr 800,000 Jindal Steel & Power Ltd (Basic Materials)
Equity, Since 31 Mar 18 | JINDALSTEL2% ₹99 Cr 1,700,000
↓ -50,000 3. Principal Tax Savings Fund
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% . Principal Tax Savings Fund
Growth Launch Date 31 Mar 96 NAV (03 Feb 23) ₹336.061 ↑ 2.33 (0.70 %) Net Assets (Cr) ₹965 on 31 Dec 22 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 0.16 Alpha Ratio -0.07 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 18 ₹10,000 31 Jan 19 ₹8,799 31 Jan 20 ₹9,270 31 Jan 21 ₹10,907 31 Jan 22 ₹14,788 31 Jan 23 ₹14,914 Returns for Principal Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 3 Feb 23 Duration Returns 1 Month -2.3% 3 Month -2.9% 6 Month 2.3% 1 Year -0.1% 3 Year 18.2% 5 Year 9.4% 10 Year 15 Year Since launch 15.7% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Sudhir Kedia 29 Oct 19 3.18 Yr. Rohit Seksaria 1 Jan 22 1 Yr. Data below for Principal Tax Savings Fund as on 31 Dec 22
Equity Sector Allocation
Sector Value Financial Services 40.65% Consumer Cyclical 14.38% Industrials 12.46% Technology 9.84% Energy 4.62% Health Care 4.5% Consumer Defensive 4.39% Basic Materials 3.53% Communication Services 1.5% Real Estate 1.04% Asset Allocation
Asset Class Value Cash 2.84% Equity 97.16% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK8% ₹77 Cr 861,000
↓ -74,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK6% ₹55 Cr 335,117 State Bank of India (Financial Services)
Equity, Since 30 Apr 05 | SBIN5% ₹47 Cr 770,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 21 | RELIANCE5% ₹45 Cr 175,000 Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY5% ₹43 Cr 288,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFC4% ₹41 Cr 157,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 17 | AXISBANK4% ₹38 Cr 410,005 Ashok Leyland Ltd (Industrials)
Equity, Since 31 Aug 20 | 5004774% ₹34 Cr 2,405,310 Polycab India Ltd (Industrials)
Equity, Since 30 Nov 20 | POLYCAB3% ₹27 Cr 106,000
↓ -10,000 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Oct 19 | MARUTI3% ₹27 Cr 32,000 4. DSP BlackRock Tax Saver Fund
CAGR/Annualized return of 14.1% since its launch. Ranked 12 in ELSS category. Return for 2022 was 4.5% , 2021 was 35.1% and 2020 was 15% . DSP BlackRock Tax Saver Fund
Growth Launch Date 18 Jan 07 NAV (03 Feb 23) ₹82.616 ↑ 0.84 (1.03 %) Net Assets (Cr) ₹10,445 on 31 Dec 22 Category Equity - ELSS AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.8 Sharpe Ratio 0.04 Information Ratio 0.04 Alpha Ratio 0.14 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 18 ₹10,000 31 Jan 19 ₹9,121 31 Jan 20 ₹10,720 31 Jan 21 ₹12,243 31 Jan 22 ₹16,866 31 Jan 23 ₹17,015 Returns for DSP BlackRock Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 3 Feb 23 Duration Returns 1 Month -2.5% 3 Month -1.2% 6 Month 3% 1 Year -0.1% 3 Year 17.4% 5 Year 11.9% 10 Year 15 Year Since launch 14.1% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.5% 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% Fund Manager information for DSP BlackRock Tax Saver Fund
Name Since Tenure Rohit Singhania 16 Jul 15 7.47 Yr. Kaushal Maroo 1 Dec 22 0.08 Yr. Data below for DSP BlackRock Tax Saver Fund as on 31 Dec 22
Equity Sector Allocation
Sector Value Financial Services 39.08% Consumer Cyclical 12.49% Technology 10.62% Basic Materials 7.92% Industrials 7.87% Health Care 7.69% Consumer Defensive 3.89% Utility 3.77% Energy 3.72% Communication Services 2.29% Asset Allocation
Asset Class Value Cash 0.65% Equity 99.35% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK10% ₹1,011 Cr 6,211,551 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK8% ₹793 Cr 8,903,890
↓ -701,311 Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY6% ₹659 Cr 4,366,492
↓ -263,133 State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN5% ₹526 Cr 8,569,742
↑ 1,746,871 Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | AXISBANK5% ₹483 Cr 5,175,964 HCL Technologies Ltd (Technology)
Equity, Since 31 Mar 21 | HCLTECH3% ₹302 Cr 2,906,835 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Apr 20 | SUNPHARMA2% ₹252 Cr 2,520,973
↓ -459,703 SBI Life Insurance Company Limited (Financial Services)
Equity, Since 30 Jun 20 | SBILIFE2% ₹249 Cr 2,023,757 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jul 19 | BHARTIARTL2% ₹226 Cr 2,809,644
↓ -128,334 Dr Reddy's Laboratories Ltd (Healthcare)
Equity, Since 31 Jul 20 | DRREDDY2% ₹222 Cr 523,308
↓ -50,000 5. L&T Tax Advantage Fund
CAGR/Annualized return of 13% since its launch. Ranked 7 in ELSS category. Return for 2022 was -3% , 2021 was 30.3% and 2020 was 13.5% . L&T Tax Advantage Fund
Growth Launch Date 27 Feb 06 NAV (03 Feb 23) ₹78.7165 ↑ 0.85 (1.10 %) Net Assets (Cr) ₹3,128 on 31 Dec 22 Category Equity - ELSS AMC L&T Investment Management Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.97 Sharpe Ratio -0.39 Information Ratio -0.95 Alpha Ratio -7.1 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 18 ₹10,000 31 Jan 19 ₹8,737 31 Jan 20 ₹9,590 31 Jan 21 ₹10,444 31 Jan 22 ₹13,607 31 Jan 23 ₹13,295 Returns for L&T Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 3 Feb 23 Duration Returns 1 Month -1.2% 3 Month -2.9% 6 Month 2.4% 1 Year -2.1% 3 Year 12.8% 5 Year 6.8% 10 Year 15 Year Since launch 13% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Gautam Bhupal 25 Nov 22 0.1 Yr. Cheenu Gupta 2 Jul 21 1.5 Yr. Data below for L&T Tax Advantage Fund as on 31 Dec 22
Equity Sector Allocation
Sector Value Financial Services 32.77% Consumer Cyclical 20.49% Industrials 11.96% Technology 11.9% Consumer Defensive 6.21% Basic Materials 5.03% Health Care 3.19% Energy 3.12% Utility 1.81% Real Estate 0.98% Asset Allocation
Asset Class Value Cash 2.53% Equity 97.47% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK7% ₹233 Cr 2,619,900 State Bank of India (Financial Services)
Equity, Since 31 Jan 19 | SBIN6% ₹193 Cr 3,140,300 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK6% ₹186 Cr 1,140,100 Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY5% ₹154 Cr 1,023,800 Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 21 | INDHOTEL4% ₹135 Cr 4,240,500 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jul 22 | LT4% ₹112 Cr 538,300 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Jul 22 | HINDUNILVR3% ₹107 Cr 419,300 Persistent Systems Ltd (Technology)
Equity, Since 31 Jul 21 | PERSISTENT3% ₹107 Cr 276,400 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 21 | RELIANCE3% ₹98 Cr 383,700
↓ -60,500 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Dec 21 | CHOLAFIN3% ₹81 Cr 1,114,400
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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