fincash logo SOLUTIONS
EXPLORE FUNDS
CALCULATORS
fincash number+91-22-62820123
5 Best Performing ELSS Mutual Funds SIP 2021 for Tax Savings u/s 80c

Fincash » Mutual Funds » Best ELSS Funds SIP

Best ELSS Mutual Funds for SIP Investment in 2021

Updated on October 20, 2021 , 2077 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 21 - 22

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 19.5% since its launch.  Ranked 3 in ELSS category.  Return for 2020 was 18.7% , 2019 was 1.9% and 2018 was -9.4% .

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

IDFC Tax Advantage (ELSS) Fund
Growth
Launch Date 26 Dec 08
NAV (22 Oct 21) ₹97.85 ↓ -0.73   (-0.74 %)
Net Assets (Cr) ₹3,439 on 30 Sep 21
Category Equity - ELSS
AMC IDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 2.06
Sharpe Ratio 3.7
Information Ratio 0.14
Alpha Ratio 16.83
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Sep 16₹10,000
30 Sep 17₹12,741
30 Sep 18₹12,946
30 Sep 19₹12,796
30 Sep 20₹12,917
30 Sep 21₹22,718

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 ₹470,047.
Net Profit of ₹170,047
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 22 Oct 21

DurationReturns
1 Month 4.8%
3 Month 11.8%
6 Month 30.1%
1 Year 78.4%
3 Year 24.4%
5 Year 17.9%
10 Year
15 Year
Since launch 19.5%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Daylynn Pinto20 Oct 164.87 Yr.

Data below for IDFC Tax Advantage (ELSS) Fund as on 30 Sep 21

Equity Sector Allocation
SectorValue
Financial Services23.52%
Basic Materials15.16%
Consumer Cyclical14.85%
Industrials14.4%
Technology14.22%
Energy4.99%
Health Care4.7%
Communication Services3.38%
Consumer Defensive3.37%
Asset Allocation
Asset ClassValue
Cash1.41%
Equity98.59%
Other0%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK
8%₹259 Cr3,600,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY
7%₹235 Cr1,375,000
↓ -25,000
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
5%₹153 Cr3,600,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK
4%₹150 Cr950,000
Deepak Nitrite Ltd (Basic Materials)
Equity, Since 31 Mar 17 | 506401
4%₹137 Cr600,000
↓ -20,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE
4%₹124 Cr550,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL
3%₹113 Cr1,700,000
Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS
3%₹86 Cr3,000,000
HCL Technologies Ltd (Technology)
Equity, Since 30 Nov 20 | HCLTECH
2%₹83 Cr700,000
Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | 532215
2%₹75 Cr950,000

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 16.1% since its launch.  Ranked 1 in ELSS category.  Return for 2020 was 11.9% , 2019 was 13.6% and 2018 was -8.4% .

Below is the key information for Tata India Tax Savings Fund

Tata India Tax Savings Fund
Growth
Launch Date 13 Oct 14
NAV (22 Oct 21) ₹28.6002 ↓ -0.14   (-0.49 %)
Net Assets (Cr) ₹2,953 on 30 Sep 21
Category Equity - ELSS
AMC Tata Asset Management Limited
Rating
Risk Moderately High
Expense Ratio 1.9
Sharpe Ratio 3.11
Information Ratio 0.05
Alpha Ratio 8.59
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Sep 16₹10,000
30 Sep 17₹11,904
30 Sep 18₹11,681
30 Sep 19₹13,092
30 Sep 20₹12,703
30 Sep 21₹19,856

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 ₹447,579.
Net Profit of ₹147,579
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 22 Oct 21

DurationReturns
1 Month 4.1%
3 Month 13.5%
6 Month 25.8%
1 Year 54.4%
3 Year 22.3%
5 Year 15.1%
10 Year
15 Year
Since launch 16.1%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Ennette Fernandes18 Jun 183.21 Yr.
Tejas Gutka9 Mar 210.48 Yr.

Data below for Tata India Tax Savings Fund as on 30 Sep 21

Equity Sector Allocation
SectorValue
Financial Services35.23%
Industrials15.7%
Technology11.86%
Basic Materials8.74%
Consumer Cyclical7.51%
Energy7.5%
Health Care5.82%
Communication Services3.1%
Utility2.14%
Real Estate1.49%
Asset Allocation
Asset ClassValue
Cash0.89%
Equity99.11%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK
9%₹265 Cr3,680,000
↓ -220,000
Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY
8%₹239 Cr1,400,000
↓ -160,000
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK
6%₹179 Cr1,135,000
State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN
6%₹174 Cr4,080,000
↓ -320,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE
6%₹169 Cr750,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC
5%₹132 Cr470,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 532215
4%₹115 Cr1,465,000
↓ -85,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 19 | BHARTIARTL
3%₹90 Cr1,350,000
↓ -150,000
Hindalco Industries Ltd (Basic Materials)
Equity, Since 31 May 21 | HINDALCO
2%₹70 Cr1,500,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 16 | LT
2%₹65 Cr390,000

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 15.4% since its launch.  Ranked 12 in ELSS category.  Return for 2020 was 15% , 2019 was 14.8% and 2018 was -7.6% .

Below is the key information for DSP BlackRock Tax Saver Fund

DSP BlackRock Tax Saver Fund
Growth
Launch Date 18 Jan 07
NAV (22 Oct 21) ₹83.218 ↓ -0.25   (-0.29 %)
Net Assets (Cr) ₹9,756 on 30 Sep 21
Category Equity - ELSS
AMC DSP BlackRock Invmt Managers Pvt. Ltd.
Rating
Risk Moderately High
Expense Ratio 1.87
Sharpe Ratio 3.96
Information Ratio 0.88
Alpha Ratio 9.96
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Sep 16₹10,000
30 Sep 17₹11,648
30 Sep 18₹11,557
30 Sep 19₹12,954
30 Sep 20₹12,588
30 Sep 21₹21,403

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 ₹458,689.
Net Profit of ₹158,689
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 22 Oct 21

DurationReturns
1 Month 2.7%
3 Month 9.8%
6 Month 28.6%
1 Year 65.2%
3 Year 26.2%
5 Year 16.3%
10 Year
15 Year
Since launch 15.4%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Rohit Singhania16 Jul 156.13 Yr.
Charanjit Singh1 Jan 210.67 Yr.

Data below for DSP BlackRock Tax Saver Fund as on 30 Sep 21

Equity Sector Allocation
SectorValue
Financial Services40.81%
Basic Materials13.42%
Technology10.47%
Consumer Cyclical8.13%
Industrials7.75%
Utility5.65%
Health Care4.54%
Communication Services3.57%
Energy2.61%
Consumer Defensive2.25%
Asset Allocation
Asset ClassValue
Cash0.79%
Equity99.21%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK
9%₹853 Cr11,862,015
↑ 202,831
Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY
7%₹652 Cr3,818,400
↓ -221,452
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK
7%₹641 Cr4,054,521
↑ 181,412
Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 532215
5%₹437 Cr5,553,541
↑ 251,919
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
4%₹410 Cr9,631,242
↓ -1,484,659
Tata Steel Ltd (Basic Materials)
Equity, Since 31 Dec 20 | TATASTEEL
4%₹377 Cr2,601,708
↓ -405,832
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jul 19 | BHARTIARTL
4%₹345 Cr5,202,696
↓ -829,702
Bajaj Finserv Ltd (Financial Services)
Equity, Since 31 Jan 21 | 532978
3%₹283 Cr165,147
ACC Ltd (Basic Materials)
Equity, Since 28 Feb 19 | 500410
2%₹212 Cr876,828
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 21 | KOTAKBANK
2%₹210 Cr1,197,908
↑ 79,658

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 16.6% since its launch.  Ranked 8 in ELSS category.  Return for 2020 was 18.9% , 2019 was 2.5% and 2018 was -9.2% .

Below is the key information for Principal Tax Savings Fund

Principal Tax Savings Fund
Growth
Launch Date 31 Mar 96
NAV (22 Oct 21) ₹336.04 ↓ -0.59   (-0.18 %)
Net Assets (Cr) ₹602 on 30 Sep 21
Category Equity - ELSS
AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd.
Rating
Risk Moderately High
Expense Ratio 2.55
Sharpe Ratio 3.56
Information Ratio -0.72
Alpha Ratio 2.59
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Sep 16₹10,000
30 Sep 17₹12,227
30 Sep 18₹12,479
30 Sep 19₹12,330
30 Sep 20₹12,405
30 Sep 21₹20,197

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 ₹447,579.
Net Profit of ₹147,579
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 22 Oct 21

DurationReturns
1 Month 4%
3 Month 14.4%
6 Month 30.4%
1 Year 61.6%
3 Year 20.8%
5 Year 15.2%
10 Year
15 Year
Since launch 16.6%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Sudhir Kedia29 Oct 191.84 Yr.

Data below for Principal Tax Savings Fund as on 30 Sep 21

Equity Sector Allocation
SectorValue
Financial Services36.46%
Technology13.66%
Industrials12.24%
Consumer Cyclical9.08%
Consumer Defensive6.79%
Basic Materials5.52%
Health Care4.98%
Communication Services4.91%
Utility0.97%
Energy0.91%
Real Estate0.58%
Asset Allocation
Asset ClassValue
Cash0.59%
Equity99.4%
Debt0.01%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
8%₹48 Cr665,990
Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY
7%₹40 Cr233,699
↓ -16,760
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK
6%₹34 Cr212,741
Polycab India Ltd (Industrials)
Equity, Since 30 Nov 20 | 542652
4%₹23 Cr112,670
Reliance Industries Ltd.
Equity, Since 30 Jun 21 | -
3%₹19 Cr118,720
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 18 | BHARTIARTL
3%₹18 Cr269,710
Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 17 | 532215
3%₹17 Cr219,595
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 14 | TCS
3%₹17 Cr45,454
State Bank of India (Financial Services)
Equity, Since 30 Apr 05 | SBIN
3%₹17 Cr396,310
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Oct 19 | MARUTI
3%₹16 Cr23,703

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 14.2% since its launch.  Ranked 7 in ELSS category.  Return for 2020 was 13.5% , 2019 was 4.6% and 2018 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 (22 Oct 21) ₹79.466 ↓ -0.83   (-1.04 %)
Net Assets (Cr) ₹3,599 on 30 Sep 21
Category Equity - ELSS
AMC L&T Investment Management Ltd
Rating
Risk Moderately High
Expense Ratio 2.03
Sharpe Ratio 3.16
Information Ratio -1.02
Alpha Ratio 2.31
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Sep 16₹10,000
30 Sep 17₹12,346
30 Sep 18₹12,471
30 Sep 19₹12,342
30 Sep 20₹12,411
30 Sep 21₹18,637

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 ₹415,684.
Net Profit of ₹115,684
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 22 Oct 21

DurationReturns
1 Month -0.7%
3 Month 6.5%
6 Month 19.7%
1 Year 46.4%
3 Year 15.6%
5 Year 12.8%
10 Year
15 Year
Since launch 14.2%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Vihang Naik17 Dec 191.71 Yr.
Cheenu Gupta2 Jul 210.17 Yr.

Data below for L&T Tax Advantage Fund as on 30 Sep 21

Equity Sector Allocation
SectorValue
Financial Services28.41%
Technology19.32%
Basic Materials16.16%
Consumer Cyclical12.64%
Health Care9.21%
Industrials4.51%
Consumer Defensive4.07%
Utility2.02%
Real Estate1.75%
Asset Allocation
Asset ClassValue
Cash2.92%
Equity98.09%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK
7%₹243 Cr3,382,000
↑ 765,400
Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY
7%₹243 Cr1,422,800
State Bank of India (Financial Services)
Equity, Since 31 Jan 19 | SBIN
6%₹233 Cr5,463,800
↑ 1,569,500
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK
4%₹130 Cr819,900
Tata Steel Ltd (Basic Materials)
Equity, Since 29 Feb 20 | TATASTEEL
3%₹123 Cr850,200
↑ 98,200
Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Jul 21 | 500034
3%₹121 Cr160,229
↑ 61,029
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 09 | TCS
3%₹119 Cr315,000
Jubilant Foodworks Ltd (Consumer Cyclical)
Equity, Since 28 Feb 19 | JUBLFOOD
3%₹117 Cr292,400
UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Oct 19 | ULTRACEMCO
3%₹108 Cr138,300
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 May 17 | HDFC
3%₹108 Cr385,100
↑ 67,600

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 4.5, based on 2 reviews.
POST A COMMENT