5 Best Performing ELSS Mutual Funds SIP 2020 for Tax Savings u/s 80c

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Top 5 Best Performing ELSS Mutual Funds SIP FY 20 - 21
Top 5 Equity - ELSS Funds

Best ELSS Mutual Funds for SIP Investment in 2020

Updated on October 17, 2020 , 1130 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

Lump sum Investment
SIP (Systematic Investment plan) Investment

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Top 5 Best Performing ELSS Mutual Funds SIP FY 20 - 21

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 15.4% since its launch. Ranked 3 in ELSS category. Return for 2019 was 1.9% , 2018 was -9.4% and 2017 was 53.4% .

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

IDFC Tax Advantage (ELSS) Fund Growth
Launch Date	26 Dec 08
NAV (19 Oct 20)	₹54.37 ↑ 0.32 (0.59 %)
Net Assets (Cr)	₹2,228 on 30 Sep 20
Category	Equity - ELSS
AMC	IDFC Asset Management Company Limited
Rating	☆☆☆☆☆
Risk	Moderately High
Expense Ratio	2.22
Sharpe Ratio	0.1
Information Ratio	-0.68
Alpha Ratio	2.26
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
30 Sep 15	₹10,000
30 Sep 16	₹10,987
30 Sep 17	₹13,999
30 Sep 18	₹14,223
30 Sep 19	₹14,060
30 Sep 20	₹14,192

IDFC Tax Advantage (ELSS) Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹367,070.
Net Profit of ₹67,070 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 19 Oct 20

Duration	Returns
1 Month	-1.4%
3 Month	10.2%
6 Month	30.5%
1 Year	2.4%
3 Year	-0.1%
5 Year	7%
10 Year
15 Year
Since launch	15.4%

Historical performance (Yearly) on absolute basis

Year	Returns
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%
2010	24%

Fund Manager information for IDFC Tax Advantage (ELSS) Fund

Name	Since	Tenure
Daylynn Pinto	20 Oct 16	3.95 Yr.

Data below for IDFC Tax Advantage (ELSS) Fund as on 30 Sep 20

Equity Sector Allocation

Sector	Value
Financial Services	18.67%
Consumer Cyclical	13.98%
Technology	13.38%
Industrials	12.61%
Health Care	11.01%
Basic Materials	10.74%
Energy	6.94%
Consumer Defensive	6.61%
Communication Services	3.21%
Utility	0.35%

Asset Allocation

Asset Class	Value
Cash	2.48%
Equity	97.51%
Other	0%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Infosys Ltd (Technology) Equity, Since 31 Jul 15 \| INFY	6%	₹136 Cr	1,350,000 ↑ 150,000
ICICI Bank Ltd (Financial Services) Equity, Since 31 May 16 \| ICICIBANK	6%	₹128 Cr	3,600,000 ↓ -300,000
Reliance Industries Ltd (Energy) Equity, Since 31 Jul 18 \| RELIANCE	6%	₹123 Cr	550,000
HDFC Bank Ltd (Financial Services) Equity, Since 30 Sep 14 \| HDFCBANK	4%	₹86 Cr	800,000
Deepak Nitrite Ltd (Basic Materials) Equity, Since 31 Mar 17 \| 506401	4%	₹82 Cr	1,000,000
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Jan 20 \| BHARTIARTL	3%	₹72 Cr	1,700,000
Ipca Laboratories Ltd (Healthcare) Equity, Since 30 Nov 18 \| 524494	3%	₹63 Cr	290,000
KEC International Ltd (Industrials) Equity, Since 30 Sep 15 \| 532714	3%	₹62 Cr	1,800,000
ITC Ltd (Consumer Defensive) Equity, Since 31 Jul 20 \| ITC	3%	₹58 Cr	3,400,000 ↑ 700,000
Mastek Ltd (Technology) Equity, Since 31 Jan 17 \| 523704	2%	₹53 Cr	615,000 ↓ -15,000

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 10.8% since its launch. Ranked 1 in ELSS category. Return for 2019 was 13.6% , 2018 was -8.4% and 2017 was 46% .

Below is the key information for Tata India Tax Savings Fund

Tata India Tax Savings Fund Growth
Launch Date	13 Oct 14
NAV (19 Oct 20)	₹18.5008 ↑ 0.18 (1.00 %)
Net Assets (Cr)	₹2,070 on 30 Sep 20
Category	Equity - ELSS
AMC	Tata Asset Management Limited
Rating	☆☆☆☆☆
Risk	Moderately High
Expense Ratio	1.97
Sharpe Ratio	-0.08
Information Ratio	-0.82
Alpha Ratio	-2.56
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
30 Sep 15	₹10,000
30 Sep 16	₹11,735
30 Sep 17	₹13,969
30 Sep 18	₹13,707
30 Sep 19	₹15,363
30 Sep 20	₹14,906

Tata India Tax Savings Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹376,357.
Net Profit of ₹76,357 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 19 Oct 20

Duration	Returns
1 Month	1.7%
3 Month	9.2%
6 Month	23.9%
1 Year	0.6%
3 Year	2.7%
5 Year	8.7%
10 Year
15 Year
Since launch	10.8%

Historical performance (Yearly) on absolute basis

Year	Returns
2019	13.6%
2018	-8.4%
2017	46%
2016	2.1%
2015	13.3%
2014
2013
2012
2011
2010

Fund Manager information for Tata India Tax Savings Fund

Name	Since	Tenure
Rupesh Patel	1 Apr 15	5.51 Yr.
Ennette Fernandes	18 Jun 18	2.29 Yr.

Data below for Tata India Tax Savings Fund as on 30 Sep 20

Equity Sector Allocation

Sector	Value
Financial Services	28.61%
Energy	17.88%
Technology	11.9%
Consumer Cyclical	9.98%
Health Care	8.14%
Industrials	6.35%
Basic Materials	6.29%
Communication Services	4.27%
Consumer Defensive	3.27%
Real Estate	0.57%

Asset Allocation

Asset Class	Value
Cash	2.93%
Equity	97.27%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Reliance Industries Ltd (Energy) Equity, Since 31 Jan 18 \| RELIANCE	15%	₹304 Cr	1,360,000 ↓ -20,000
Infosys Ltd (Technology) Equity, Since 30 Sep 18 \| INFY	10%	₹199 Cr	1,970,000
HDFC Bank Ltd (Financial Services) Equity, Since 28 Feb 10 \| HDFCBANK	8%	₹162 Cr	1,500,000
ICICI Bank Ltd (Financial Services) Equity, Since 30 Nov 16 \| ICICIBANK	7%	₹145 Cr	4,100,000
State Bank of India (Financial Services) Equity, Since 30 Nov 18 \| SBIN	5%	₹99 Cr	5,325,000
Bharti Airtel Ltd (Communication Services) Equity, Since 30 Sep 19 \| BHARTIARTL	4%	₹88 Cr	2,100,000 ↓ -200,000
Housing Development Finance Corp Ltd (Financial Services) Equity, Since 30 Jun 17 \| HDFC	4%	₹82 Cr	470,000 ↓ -95,000
Jubilant Foodworks Ltd (Consumer Cyclical) Equity, Since 31 Jul 18 \| JUBLFOOD	3%	₹66 Cr	280,000
Divi's Laboratories Ltd (Healthcare) Equity, Since 30 Sep 17 \| DIVISLAB	3%	₹61 Cr	200,000 ↓ -15,000
Mahindra & Mahindra Ltd (Consumer Cyclical) Equity, Since 31 May 20 \| M&M	3%	₹61 Cr	1,000,000

3. Aditya Birla Sun Life Tax Relief '96

An Open-ended equity linked savings scheme (ELSS) with the objective of long term growth of capital through a portfolio with a target allocation of 80% equity, 20% debt and money market securities

Aditya Birla Sun Life Tax Relief '96 is a Equity - ELSS fund was launched on 6 Mar 08. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 9.7% since its launch. Ranked 4 in ELSS category. Return for 2019 was 4.3% , 2018 was -4.5% and 2017 was 43.2% .

Below is the key information for Aditya Birla Sun Life Tax Relief '96

Aditya Birla Sun Life Tax Relief '96 Growth
Launch Date	6 Mar 08
NAV (19 Oct 20)	₹32.15 ↑ 0.17 (0.53 %)
Net Assets (Cr)	₹11,123 on 30 Sep 20
Category	Equity - ELSS
AMC	Birla Sun Life Asset Management Co Ltd
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	2.17
Sharpe Ratio	0.13
Information Ratio	-0.3
Alpha Ratio	2.41
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
30 Sep 15	₹10,000
30 Sep 16	₹11,382
30 Sep 17	₹13,580
30 Sep 18	₹14,528
30 Sep 19	₹14,325
30 Sep 20	₹14,948

Aditya Birla Sun Life Tax Relief '96 SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹376,357.
Net Profit of ₹76,357 Invest Now

Returns for Aditya Birla Sun Life Tax Relief '96

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Oct 20

Duration	Returns
1 Month	-0.6%
3 Month	7.1%
6 Month	20.7%
1 Year	4.4%
3 Year	2.3%
5 Year	8.1%
10 Year
15 Year
Since launch	9.7%

Historical performance (Yearly) on absolute basis

Year	Returns
2019	4.3%
2018	-4.5%
2017	43.2%
2016	3.4%
2015	9.2%
2014	54.6%
2013	9.1%
2012	36.6%
2011	-29.6%
2010	13.5%

Fund Manager information for Aditya Birla Sun Life Tax Relief '96

Name	Since	Tenure
Ajay Garg	1 Oct 06	14.01 Yr.

Data below for Aditya Birla Sun Life Tax Relief '96 as on 30 Sep 20

Equity Sector Allocation

Sector	Value
Financial Services	22.23%
Health Care	18%
Industrials	14.41%
Basic Materials	13.56%
Consumer Cyclical	7.31%
Consumer Defensive	7.21%
Technology	5.37%
Energy	3.62%

Asset Allocation

Asset Class	Value
Cash	3.13%
Equity	96.87%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Honeywell Automation India Ltd (Industrials) Equity, Since 30 Jun 08 \| 517174	9%	₹989 Cr	303,523
Pfizer Ltd (Healthcare) Equity, Since 30 Apr 11 \| PFIZER	8%	₹904 Cr	1,845,455
Housing Development Finance Corp Ltd (Financial Services) Equity, Since 30 Jun 08 \| HDFC	8%	₹856 Cr	4,920,275 ↑ 5,430
Bayer CropScience Ltd (Basic Materials) Equity, Since 31 Aug 11 \| 506285	7%	₹796 Cr	1,351,257
Reliance Industries Limited Equity, Since 30 Jun 20 \| -	5%	₹575 Cr	4,279,740 ↑ 125,100
GlaxoSmithKline Pharmaceuticals Ltd (Healthcare) Equity, Since 31 Mar 10 \| 500660	5%	₹575 Cr	3,649,454
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 30 Apr 15 \| KOTAKBANK	5%	₹553 Cr	4,361,195 ↑ 18,000
Gillette India Ltd (Consumer Defensive) Equity, Since 30 Jun 14 \| GILLETTE	4%	₹475 Cr	890,309
Reliance Industries Ltd (Energy) Equity, Since 30 Jun 08 \| RELIANCE	4%	₹402 Cr	1,800,000
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Jun 08 \| LT	3%	₹358 Cr	3,968,864

4. 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% since its launch. Ranked 8 in ELSS category. Return for 2019 was 2.5% , 2018 was -9.2% and 2017 was 48.8% .

Below is the key information for Principal Tax Savings Fund

Principal Tax Savings Fund Growth
Launch Date	31 Mar 96
NAV (19 Oct 20)	₹206.23 ↑ 2.28 (1.12 %)
Net Assets (Cr)	₹398 on 30 Sep 20
Category	Equity - ELSS
AMC	Principal Pnb Asset Mgmt. Co. Priv. Ltd.
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	2.56
Sharpe Ratio	0.02
Information Ratio	-0.88
Alpha Ratio	-0.96
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
30 Sep 15	₹10,000
30 Sep 16	₹11,825
30 Sep 17	₹14,459
30 Sep 18	₹14,757
30 Sep 19	₹14,581
30 Sep 20	₹14,669

Principal Tax Savings Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹367,070.
Net Profit of ₹67,070 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 19 Oct 20

Duration	Returns
1 Month	1.2%
3 Month	7.6%
6 Month	24.4%
1 Year	3.4%
3 Year	0%
5 Year	7.7%
10 Year
15 Year
Since launch	15%

Historical performance (Yearly) on absolute basis

Year	Returns
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%
2010	15%

Fund Manager information for Principal Tax Savings Fund

Name	Since	Tenure
Sudhir Kedia	29 Oct 19	0.92 Yr.

Data below for Principal Tax Savings Fund as on 30 Sep 20

Equity Sector Allocation

Sector	Value
Financial Services	25.65%
Technology	13.24%
Consumer Defensive	11.13%
Industrials	9.05%
Energy	8.47%
Consumer Cyclical	8.39%
Health Care	8.09%
Basic Materials	7.73%
Utility	3.22%
Communication Services	2.24%

Asset Allocation

Asset Class	Value
Cash	1.81%
Equity	98.19%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jul 09 \| HDFCBANK	8%	₹31 Cr	286,001 ↑ 18,430
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 09 \| ICICIBANK	6%	₹24 Cr	688,956 ↑ 23,435
Reliance Industries Ltd (Energy) Equity, Since 31 Mar 08 \| RELIANCE	6%	₹22 Cr	98,359 ↓ -36,893
Infosys Ltd (Technology) Equity, Since 31 Jan 09 \| INFY	5%	₹20 Cr	194,950 ↓ -15,010
Tata Consultancy Services Ltd (Technology) Equity, Since 30 Apr 14 \| TCS	4%	₹16 Cr	63,649
Larsen & Toubro Ltd (Industrials) Equity, Since 31 Mar 13 \| LT	3%	₹13 Cr	144,140
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 31 Jan 16 \| KOTAKBANK	3%	₹12 Cr	95,263 ↑ 12,365
Hindustan Unilever Ltd (Consumer Defensive) Equity, Since 30 Apr 20 \| 500696	3%	₹10 Cr	48,180
Nestle India Ltd (Consumer Defensive) Equity, Since 31 Jul 20 \| NESTLEIND	2%	₹9 Cr	5,675 ↑ 515
Bharti Airtel Ltd (Communication Services) Equity, Since 30 Nov 18 \| BHARTIARTL	2%	₹9 Cr	212,010 ↑ 7,815

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 12.2% since its launch. Ranked 7 in ELSS category. Return for 2019 was 4.6% , 2018 was -8.1% and 2017 was 42.3% .

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

L&T Tax Advantage Fund Growth
Launch Date	27 Feb 06
NAV (19 Oct 20)	₹53.98 ↑ 0.30 (0.56 %)
Net Assets (Cr)	₹3,087 on 30 Sep 20
Category	Equity - ELSS
AMC	L&T Investment Management Ltd
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	2.04
Sharpe Ratio	0.05
Information Ratio	-1.14
Alpha Ratio	0.21
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
30 Sep 15	₹10,000
30 Sep 16	₹11,313
30 Sep 17	₹13,967
30 Sep 18	₹14,109
30 Sep 19	₹13,963
30 Sep 20	₹14,041

L&T Tax Advantage Fund SIP 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 19 Oct 20

Duration	Returns
1 Month	0.5%
3 Month	9.7%
6 Month	25.1%
1 Year	1.7%
3 Year	0.1%
5 Year	7.1%
10 Year
15 Year
Since launch	12.2%

Historical performance (Yearly) on absolute basis

Year	Returns
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%
2010	29.2%

Fund Manager information for L&T Tax Advantage Fund

Name	Since	Tenure
Venugopal Manghat	17 Dec 19	0.79 Yr.
Vihang Naik	17 Dec 19	0.79 Yr.

Data below for L&T Tax Advantage Fund as on 30 Sep 20

Equity Sector Allocation

Sector	Value
Financial Services	20.96%
Health Care	14.97%
Technology	14.27%
Basic Materials	13.38%
Consumer Cyclical	12.7%
Energy	6.82%
Industrials	5.37%
Consumer Defensive	5.31%
Communication Services	1.86%

Asset Allocation

Asset Class	Value
Cash	3.5%
Equity	96.48%
Other	0.02%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Reliance Industries Ltd (Energy) Equity, Since 31 Aug 18 \| RELIANCE	6%	₹183 Cr	818,000
HCL Technologies Ltd (Technology) Equity, Since 30 Sep 17 \| HCLTECH	5%	₹143 Cr	1,758,400
Infosys Ltd (Technology) Equity, Since 31 Mar 06 \| INFY	4%	₹138 Cr	1,370,200
ICICI Bank Ltd (Financial Services) Equity, Since 30 Jun 09 \| ICICIBANK	4%	₹128 Cr	3,605,800
Tata Consultancy Services Ltd (Technology) Equity, Since 30 Jun 09 \| TCS	4%	₹123 Cr	491,900
HDFC Bank Ltd (Financial Services) Equity, Since 31 Mar 06 \| HDFCBANK	3%	₹92 Cr	853,400
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 30 Apr 15 \| KOTAKBANK	3%	₹86 Cr	675,107
Abbott India Ltd (Healthcare) Equity, Since 28 Feb 19 \| 500488	3%	₹82 Cr	50,000
Emami Ltd (Consumer Defensive) Equity, Since 30 Jun 19 \| 531162	3%	₹82 Cr	2,333,743
ITC Ltd (Consumer Defensive) Equity, Since 31 Jul 07 \| ITC	3%	₹82 Cr	4,771,387

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.