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Best ELSS Mutual Funds for SIP Investment in 2022
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 22 - 23
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 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 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 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 1. IDFC Tax Advantage (ELSS) Fund
CAGR/Annualized return of 18% since its launch. Ranked 3 in ELSS category. Return for 2021 was 49.2% , 2020 was 18.7% and 2019 was 1.9% . IDFC Tax Advantage (ELSS) Fund
Growth Launch Date 26 Dec 08 NAV (30 Sep 22) ₹97.612 ↑ 1.42 (1.47 %) Net Assets (Cr) ₹3,851 on 31 Aug 22 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.95 Sharpe Ratio 0.4 Information Ratio 0.55 Alpha Ratio 2.67 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 17 ₹10,000 30 Sep 18 ₹10,161 30 Sep 19 ₹10,044 30 Sep 20 ₹10,138 30 Sep 21 ₹17,831 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Sep 22 Duration Returns 1 Month -1.5% 3 Month 11.5% 6 Month -0.4% 1 Year 3.4% 3 Year 22.4% 5 Year 13% 10 Year 15 Year Since launch 18% Historical performance (Yearly) on absolute basis
Year Returns 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% 2012 36.2% Fund Manager information for IDFC Tax Advantage (ELSS) Fund
Name Since Tenure Daylynn Pinto 20 Oct 16 5.87 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 31 Aug 22
Equity Sector Allocation
Sector Value Financial Services 27.54% Consumer Cyclical 17.61% Industrials 12.1% Basic Materials 10.14% Technology 9.49% Health Care 7.23% Energy 3.77% Consumer Defensive 3.26% Communication Services 2.64% Asset Allocation
Asset Class Value Cash 6.23% Equity 93.77% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK9% ₹337 Cr 3,800,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY5% ₹209 Cr 1,400,000 State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN5% ₹186 Cr 3,500,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK4% ₹156 Cr 1,050,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE4% ₹145 Cr 550,000 Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS3% ₹122 Cr 2,600,000
↓ -100,000 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Jul 20 | M&M3% ₹118 Cr 900,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL3% ₹102 Cr 1,400,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | 5322153% ₹101 Cr 1,350,000 VRL Logistics Ltd (Industrials)
Equity, Since 30 Nov 15 | VRLLOG2% ₹92 Cr 1,475,000 2. Tata India Tax Savings Fund
CAGR/Annualized return of 13.9% since its launch. Ranked 1 in ELSS category. Return for 2021 was 30.4% , 2020 was 11.9% and 2019 was 13.6% . Tata India Tax Savings Fund
Growth Launch Date 13 Oct 14 NAV (30 Sep 22) ₹28.2443 ↑ 0.45 (1.64 %) Net Assets (Cr) ₹3,119 on 31 Aug 22 Category Equity - ELSS AMC Tata Asset Management Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.8 Sharpe Ratio 0.31 Information Ratio -0.72 Alpha Ratio 1.29 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 17 ₹10,000 30 Sep 18 ₹9,812 30 Sep 19 ₹10,998 30 Sep 20 ₹10,671 30 Sep 21 ₹16,679 Returns for Tata India Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Sep 22 Duration Returns 1 Month -2.6% 3 Month 11.2% 6 Month 0.2% 1 Year 1.9% 3 Year 15.6% 5 Year 11.2% 10 Year 15 Year Since launch 13.9% Historical performance (Yearly) on absolute basis
Year Returns 2021 30.4% 2020 11.9% 2019 13.6% 2018 -8.4% 2017 46% 2016 2.1% 2015 13.3% 2014 2013 2012 Fund Manager information for Tata India Tax Savings Fund
Name Since Tenure Tejas Gutka 9 Mar 21 1.48 Yr. Data below for Tata India Tax Savings Fund as on 31 Aug 22
Equity Sector Allocation
Sector Value Financial Services 38.35% Industrials 17.73% Technology 8.74% Consumer Cyclical 7.45% Energy 5.71% Health Care 5.51% Basic Materials 5.45% Communication Services 4.67% Utility 2.3% Real Estate 1.54% Consumer Defensive 1.17% Asset Allocation
Asset Class Value Cash 1.37% Equity 98.63% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK8% ₹248 Cr 2,800,000 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK6% ₹194 Cr 1,305,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN6% ₹183 Cr 3,450,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE6% ₹178 Cr 675,000 Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY6% ₹173 Cr 1,160,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC5% ₹141 Cr 575,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322154% ₹110 Cr 1,465,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 19 | BHARTIARTL3% ₹93 Cr 1,275,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 16 | LT2% ₹75 Cr 390,000 SBI Life Insurance Company Limited (Financial Services)
Equity, Since 30 Apr 21 | 5407192% ₹70 Cr 525,000 3. Principal Tax Savings Fund
CAGR/Annualized return of 15.9% since its launch. Ranked 8 in ELSS category. Return for 2021 was 32.1% , 2020 was 18.9% and 2019 was 2.5% . Principal Tax Savings Fund
Growth Launch Date 31 Mar 96 NAV (30 Sep 22) ₹332.001 ↑ 5.36 (1.64 %) Net Assets (Cr) ₹969 on 31 Aug 22 Category Equity - ELSS AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.55 Sharpe Ratio 0.37 Information Ratio 0.09 Alpha Ratio 2.12 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 17 ₹10,000 30 Sep 18 ₹10,206 30 Sep 19 ₹10,084 30 Sep 20 ₹10,145 30 Sep 21 ₹16,518 Returns for Principal Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Sep 22 Duration Returns 1 Month -2.3% 3 Month 11.3% 6 Month 1.8% 1 Year 2.2% 3 Year 18.8% 5 Year 11% 10 Year 15 Year Since launch 15.9% Historical performance (Yearly) on absolute basis
Year Returns 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% 2012 46.5% Fund Manager information for Principal Tax Savings Fund
Name Since Tenure Sudhir Kedia 29 Oct 19 2.84 Yr. Rohit Seksaria 1 Jan 22 0.66 Yr. Data below for Principal Tax Savings Fund as on 31 Aug 22
Equity Sector Allocation
Sector Value Financial Services 39.47% Consumer Cyclical 16.37% Industrials 12.34% Technology 9.59% Health Care 5.37% Energy 4.22% Consumer Defensive 4.03% Basic Materials 3.54% Communication Services 1.76% Real Estate 0.85% Asset Allocation
Asset Class Value Cash 2.43% Equity 97.57% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK10% ₹93 Cr 1,044,215 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK5% ₹50 Cr 335,117 Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY4% ₹43 Cr 288,000 State Bank of India (Financial Services)
Equity, Since 30 Apr 05 | SBIN4% ₹42 Cr 787,020 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 21 | RELIANCE4% ₹41 Cr 155,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFC4% ₹38 Cr 157,000 Ashok Leyland Ltd (Industrials)
Equity, Since 31 Aug 20 | 5004774% ₹37 Cr 2,405,310 Polycab India Ltd (Industrials)
Equity, Since 30 Nov 20 | 5426523% ₹31 Cr 126,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 17 | 5322153% ₹31 Cr 410,005 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Oct 19 | MARUTI3% ₹30 Cr 33,000 4. L&T Tax Advantage Fund
CAGR/Annualized return of 13.2% since its launch. Ranked 7 in ELSS category. Return for 2021 was 30.3% , 2020 was 13.5% and 2019 was 4.6% . L&T Tax Advantage Fund
Growth Launch Date 27 Feb 06 NAV (30 Sep 22) ₹77.979 ↑ 1.08 (1.41 %) Net Assets (Cr) ₹3,254 on 31 Aug 22 Category Equity - ELSS AMC L&T Investment Management Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.97 Sharpe Ratio -0.13 Information Ratio -1.08 Alpha Ratio -6.08 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 17 ₹10,000 30 Sep 18 ₹10,102 30 Sep 19 ₹9,997 30 Sep 20 ₹10,053 30 Sep 21 ₹15,096 Returns for L&T Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Sep 22 Duration Returns 1 Month -1.5% 3 Month 13.2% 6 Month -1.6% 1 Year -1.5% 3 Year 14.1% 5 Year 8.3% 10 Year 15 Year Since launch 13.2% Historical performance (Yearly) on absolute basis
Year Returns 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% 2012 27.4% Fund Manager information for L&T Tax Advantage Fund
Name Since Tenure Vihang Naik 17 Dec 19 2.71 Yr. Cheenu Gupta 2 Jul 21 1.17 Yr. Data below for L&T Tax Advantage Fund as on 31 Aug 22
Equity Sector Allocation
Sector Value Financial Services 30.06% Consumer Cyclical 22.62% Technology 11.98% Industrials 10.26% Basic Materials 7.35% Consumer Defensive 6.71% Energy 3.85% Health Care 2.86% Utility 1.71% Real Estate 1.61% Asset Allocation
Asset Class Value Cash 0.99% Equity 99.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK10% ₹317 Cr 3,572,500 Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY6% ₹194 Cr 1,297,500
↓ -50,700 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK6% ₹186 Cr 1,249,400 State Bank of India (Financial Services)
Equity, Since 31 Jan 19 | SBIN5% ₹160 Cr 3,005,300 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 21 | RELIANCE4% ₹125 Cr 475,100
↓ -43,200 Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 21 | 5008504% ₹121 Cr 4,240,500
↓ -300,077 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Jul 22 | 5006963% ₹112 Cr 419,300 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Jun 22 | MARUTI3% ₹108 Cr 118,900 Persistent Systems Ltd (Technology)
Equity, Since 31 Jul 21 | PERSISTENT3% ₹97 Cr 276,400 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Jul 21 | 5000343% ₹97 Cr 132,900 5. DSP BlackRock Tax Saver Fund
CAGR/Annualized return of 14.2% since its launch. Ranked 12 in ELSS category. Return for 2021 was 35.1% , 2020 was 15% and 2019 was 14.8% . DSP BlackRock Tax Saver Fund
Growth Launch Date 18 Jan 07 NAV (30 Sep 22) ₹80.166 ↑ 1.14 (1.44 %) Net Assets (Cr) ₹10,219 on 31 Aug 22 Category Equity - ELSS AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.8 Sharpe Ratio -0.08 Information Ratio -0.06 Alpha Ratio -4.33 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 17 ₹10,000 30 Sep 18 ₹9,922 30 Sep 19 ₹11,121 30 Sep 20 ₹10,806 30 Sep 21 ₹18,374 Returns for DSP BlackRock Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Sep 22 Duration Returns 1 Month -2.2% 3 Month 10% 6 Month 0.1% 1 Year -1.6% 3 Year 17.6% 5 Year 12.6% 10 Year 15 Year Since launch 14.2% Historical performance (Yearly) on absolute basis
Year Returns 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% 2012 39.8% Fund Manager information for DSP BlackRock Tax Saver Fund
Name Since Tenure Rohit Singhania 16 Jul 15 7.13 Yr. Charanjit Singh 1 Jan 21 1.67 Yr. Data below for DSP BlackRock Tax Saver Fund as on 31 Aug 22
Equity Sector Allocation
Sector Value Financial Services 37.48% Consumer Cyclical 13.84% Technology 10.14% Basic Materials 8.5% Industrials 7.25% Health Care 7.11% Utility 4.95% Energy 3% Consumer Defensive 2.82% Communication Services 2.28% Asset Allocation
Asset Class Value Cash 2.64% Equity 97.36% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK9% ₹964 Cr 10,864,941
↓ -838,646 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK9% ₹902 Cr 6,069,652 Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY7% ₹669 Cr 4,479,920
↑ 149,918 Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 5322154% ₹453 Cr 6,033,445
↓ -547,411 State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN4% ₹417 Cr 7,844,911
↓ -2,905,190 SBI Life Insurance Company Limited (Financial Services)
Equity, Since 30 Jun 20 | 5407193% ₹336 Cr 2,527,484 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Apr 20 | SUNPHARMA3% ₹265 Cr 2,968,262
↑ 128,078 NTPC Ltd (Utilities)
Equity, Since 31 Jan 19 | 5325552% ₹242 Cr 14,736,246
↓ -2,345,783 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 30 Nov 21 | M&M2% ₹229 Cr 1,750,114
↓ -162,688 SBI Cards and Payment Services Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Mar 21 | 5430662% ₹229 Cr 2,480,871
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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