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5 Best Performing ELSS Mutual Funds SIP 2019 for Tax Savings u/s 80c

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Best ELSS Mutual Funds for SIP Investment in 2019

Updated on August 22, 2019 , 344 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 19 - 20

1. 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 11.6% since its launch.  Ranked 1 in ELSS category.  Return for 2018 was -8.4% , 2017 was 46% and 2016 was 2.1% .

Below is the key information for Tata India Tax Savings Fund

Tata India Tax Savings Fund
Growth
Launch Date 13 Oct 14
NAV (23 Aug 19) ₹17.0456 ↑ 0.09   (0.50 %)
Net Assets (Cr) ₹1,807 on 31 Jul 19
Category Equity - ELSS
AMC Tata Asset Management Limited
Rating
Risk Moderately High
Expense Ratio 2.61
Sharpe Ratio -0.13
Information Ratio -0.3
Alpha Ratio -0.48
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jul 15₹11,807
31 Jul 16₹13,072
31 Jul 17₹15,988
31 Jul 18₹16,984
31 Jul 19₹16,911

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 ₹367,070.
Net Profit of ₹67,070
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 23 Aug 19

DurationReturns
1 Month -4.6%
3 Month -6.7%
6 Month 2%
1 Year -5.6%
3 Year 7.6%
5 Year
10 Year
15 Year
Since launch 11.6%
Historical performance (Yearly) on absolute basis
YearReturns
2018 -8.4%
2017 46%
2016 2.1%
2015 13.3%
2014
2013
2012
2011
2010
2009
Fund Manager information for Tata India Tax Savings Fund
NameSinceTenure
Rupesh Patel1 Apr 153.84 Yr.
Ennette Fernandes18 Jun 180.62 Yr.

Data below for Tata India Tax Savings Fund as on 31 Jul 19

Equity Sector Allocation
SectorValue
Financial Services42.22%
Technology10.43%
Industrials9.9%
Consumer Cyclical9.39%
Consumer Defensive7.05%
Health Care6.3%
Energy4.99%
Basic Materials2.56%
Real Estate0.72%
Asset Allocation
Asset ClassValue
Cash6.43%
Equity93.57%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK
9%₹170 Cr4,015,000
Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY
7%₹133 Cr1,680,000
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK
7%₹126 Cr560,000
A) Repo
CBLO/Reverse Repo | -
6%₹111 Cr
State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN
6%₹103 Cr3,100,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 532215
6%₹101 Cr1,500,000
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 15 | KOTAKBANK
4%₹75 Cr495,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC
4%₹72 Cr340,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE
3%₹58 Cr500,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 18 | TCS
3%₹55 Cr250,000

2. 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 16.2% since its launch.  Ranked 3 in ELSS category.  Return for 2018 was -9.4% , 2017 was 53.4% and 2016 was 0.4% .

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

IDFC Tax Advantage (ELSS) Fund
Growth
Launch Date 26 Dec 08
NAV (23 Aug 19) ₹49.75 ↑ 0.28   (0.57 %)
Net Assets (Cr) ₹1,902 on 31 Jul 19
Category Equity - ELSS
AMC IDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 2.74
Sharpe Ratio -0.64
Information Ratio -0.23
Alpha Ratio -4.63
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jul 14₹10,000
31 Jul 15₹13,223
31 Jul 16₹13,113
31 Jul 17₹16,562
31 Jul 18₹18,211
31 Jul 19₹16,511

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 ₹376,357.
Net Profit of ₹76,357
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 23 Aug 19

DurationReturns
1 Month -6.8%
3 Month -10.9%
6 Month -2.7%
1 Year -14.4%
3 Year 6.5%
5 Year 8.8%
10 Year
15 Year
Since launch 16.2%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2009 70.8%
Fund Manager information for IDFC Tax Advantage (ELSS) Fund
NameSinceTenure
Daylynn Pinto20 Oct 162.61 Yr.

Data below for IDFC Tax Advantage (ELSS) Fund as on 31 Jul 19

Equity Sector Allocation
SectorValue
Financial Services29.19%
Industrials14.52%
Basic Materials13.41%
Consumer Cyclical12.84%
Technology7.84%
Energy5.95%
Health Care4.94%
Consumer Defensive4.63%
Utility1.64%
Communication Services0.35%
Asset Allocation
Asset ClassValue
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK
7%₹140 Cr3,300,000
↓ -50,000
State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN
4%₹83 Cr2,500,000
↓ -300,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK
4%₹77 Cr340,000
↓ -10,000
Triparty Repo
CBLO/Reverse Repo | -
4%₹73 Cr
Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 18 | 532215
4%₹72 Cr1,075,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE
3%₹64 Cr550,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY
3%₹63 Cr800,000
Future Retail Ltd (Consumer Cyclical)
Equity, Since 31 Aug 16 | FRETAIL
3%₹54 Cr1,320,000
↑ 35,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 19 | LT
2%₹44 Cr320,000
↑ 20,000
RBL Bank Ltd (Financial Services)
Equity, Since 31 Aug 16 | RBLBANK
2%₹41 Cr1,025,000
↑ 125,000

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 12.8% since its launch.  Ranked 12 in ELSS category.  Return for 2018 was -7.6% , 2017 was 36.3% and 2016 was 11.3% .

Below is the key information for DSP BlackRock Tax Saver Fund

DSP BlackRock Tax Saver Fund
Growth
Launch Date 18 Jan 07
NAV (23 Aug 19) ₹45.819 ↑ 0.15   (0.32 %)
Net Assets (Cr) ₹5,434 on 31 Jul 19
Category Equity - ELSS
AMC DSP BlackRock Invmt Managers Pvt. Ltd.
Rating
Risk Moderately High
Expense Ratio 2.47
Sharpe Ratio -0.21
Information Ratio -0.13
Alpha Ratio 4.25
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jul 14₹10,000
31 Jul 15₹12,547
31 Jul 16₹13,778
31 Jul 17₹16,669
31 Jul 18₹17,634
31 Jul 19₹17,404

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 ₹395,578.
Net Profit of ₹95,578
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 23 Aug 19

DurationReturns
1 Month -2.6%
3 Month -4.8%
6 Month 4.5%
1 Year -4.7%
3 Year 7.2%
5 Year 10.4%
10 Year
15 Year
Since launch 12.8%
Historical performance (Yearly) on absolute basis
YearReturns
2018 -7.6%
2017 36.3%
2016 11.3%
2015 4.4%
2014 52.2%
2013 6.7%
2012 39.8%
2011 -26.7%
2010 23.3%
2009 84.2%
Fund Manager information for DSP BlackRock Tax Saver Fund
NameSinceTenure
Rohit Singhania16 Jul 153.55 Yr.

Data below for DSP BlackRock Tax Saver Fund as on 31 Jul 19

Equity Sector Allocation
SectorValue
Financial Services36.42%
Basic Materials10%
Technology9.08%
Consumer Defensive8.06%
Industrials8.04%
Health Care7.03%
Consumer Cyclical5.95%
Energy3.27%
Utility2.89%
Communication Services1.5%
Real Estate0.55%
Asset Allocation
Asset ClassValue
Cash7.21%
Equity92.79%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK
9%₹516 Cr12,145,076
↑ 689,423
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK
7%₹361 Cr1,603,762
↓ -322,394
Treps / Reverse Repo Investments / Corporate Debt Repo
CBLO/Reverse Repo | -
6%₹314 Cr
Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 532215
6%₹300 Cr4,451,500
↓ -630,289
Asian Paints Ltd (Basic Materials)
Equity, Since 31 Jul 16 | 500820
3%₹185 Cr1,217,529
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 28 Feb 17 | KOTAKBANK
3%₹181 Cr1,189,291
↑ 72,854
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 16 | LT
3%₹152 Cr1,096,888
↑ 18,662
IndusInd Bank Ltd (Financial Services)
Equity, Since 31 May 19 | INDUSINDBK
2%₹133 Cr943,052
↓ -1,336,899,160
Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY
2%₹126 Cr1,586,804
↓ -649,060
HCL Technologies Ltd (Technology)
Equity, Since 31 Mar 16 | HCLTECH
2%₹124 Cr1,203,216
↓ -228,794

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 12.6% since its launch.  Ranked 7 in ELSS category.  Return for 2018 was -8.1% , 2017 was 42.3% and 2016 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 (23 Aug 19) ₹49.69 ↑ 0.35   (0.70 %)
Net Assets (Cr) ₹3,186 on 31 Jul 19
Category Equity - ELSS
AMC L&T Investment Management Ltd
Rating
Risk Moderately High
Expense Ratio 2.61
Sharpe Ratio -0.87
Information Ratio -0.45
Alpha Ratio -7.34
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jul 14₹10,000
31 Jul 15₹12,538
31 Jul 16₹13,070
31 Jul 17₹16,486
31 Jul 18₹17,903
31 Jul 19₹16,108

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 ₹376,357.
Net Profit of ₹76,357
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 23 Aug 19

DurationReturns
1 Month -3.9%
3 Month -6.7%
6 Month 0.3%
1 Year -12.9%
3 Year 6.7%
5 Year 8.6%
10 Year
15 Year
Since launch 12.6%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2009 86.7%
Fund Manager information for L&T Tax Advantage Fund
NameSinceTenure
S.N. Lahiri24 Nov 126.19 Yr.

Data below for L&T Tax Advantage Fund as on 31 Jul 19

Equity Sector Allocation
SectorValue
Financial Services33.57%
Technology13.63%
Consumer Cyclical10.96%
Basic Materials10.65%
Industrials8.38%
Health Care8.06%
Consumer Defensive4.66%
Energy4.39%
Communication Services2.86%
Utility0.77%
Asset Allocation
Asset ClassValue
Cash2.03%
Equity97.94%
Other0.03%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK
7%₹220 Cr5,184,600
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK
6%₹202 Cr897,300
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 09 | TCS
5%₹173 Cr785,400
Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCE
4%₹117 Cr1,004,100
Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY
3%₹105 Cr1,327,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 06 | LT
3%₹104 Cr753,000
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | KOTAKBANK
3%₹100 Cr660,200
Future Retail Ltd (Consumer Cyclical)
Equity, Since 31 Aug 16 | FRETAIL
3%₹98 Cr2,386,000
State Bank of India (Financial Services)
Equity, Since 31 Jan 19 | SBIN
3%₹98 Cr2,948,600
HCL Technologies Ltd (Technology)
Equity, Since 30 Sep 17 | HCLTECH
3%₹93 Cr899,700

5. 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 9.5% since its launch.  Ranked 4 in ELSS category.  Return for 2018 was -4.5% , 2017 was 43.2% and 2016 was 3.4% .

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 (23 Aug 19) ₹28.22 ↑ 0.15   (0.53 %)
Net Assets (Cr) ₹8,416 on 31 Jul 19
Category Equity - ELSS
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk Moderately High
Expense Ratio 2.42
Sharpe Ratio -0.83
Information Ratio -0.38
Alpha Ratio -6.9
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jul 14₹10,000
31 Jul 15₹13,535
31 Jul 16₹14,274
31 Jul 17₹17,282
31 Jul 18₹19,516
31 Jul 19₹17,512

Aditya Birla Sun Life Tax Relief '96 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 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 23 Aug 19

DurationReturns
1 Month -3.8%
3 Month -8.8%
6 Month -5.2%
1 Year -13.6%
3 Year 6.2%
5 Year 10.3%
10 Year
15 Year
Since launch 9.5%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2009 102.8%
Fund Manager information for Aditya Birla Sun Life Tax Relief '96
NameSinceTenure
Ajay Garg1 Oct 0612.84 Yr.

Data below for Aditya Birla Sun Life Tax Relief '96 as on 31 Jul 19

Equity Sector Allocation
SectorValue
Financial Services22.79%
Consumer Cyclical15.94%
Industrials12.32%
Health Care11.88%
Basic Materials10.55%
Consumer Defensive9.61%
Energy7.64%
Technology4.87%
Asset Allocation
Asset ClassValue
Cash4.4%
Equity95.6%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 08 | RELIANCE
8%₹643 Cr5,514,756
↑ 104,765
Honeywell Automation India Ltd (Industrials)
Equity, Since 30 Jun 08 | 517174
8%₹639 Cr275,985
↑ 3,794
Gillette India Ltd (Consumer Defensive)
Equity, Since 30 Jun 14 | GILLETTE
7%₹624 Cr871,425
↑ 14,334
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFC
6%₹536 Cr2,527,405
↑ 151,652
Pfizer Ltd (Healthcare)
Equity, Since 30 Apr 11 | PFIZER
6%₹489 Cr1,612,561
↑ 45,911
Clearing Corporation Of India Limited
CBLO | -
5%₹392 Cr
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | KOTAKBANK
4%₹376 Cr2,474,141
↑ 174,986
Bayer CropScience Ltd (Basic Materials)
Equity, Since 31 Aug 11 | 506285
4%₹360 Cr1,173,598
↑ 7,614
GlaxoSmithKline Pharmaceuticals Ltd (Healthcare)
Equity, Since 31 Mar 10 | 500660
4%₹358 Cr2,964,525
↑ 61,650
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Jun 08 | LT
4%₹356 Cr2,562,781

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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