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 April 6, 2020 , 807 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. 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 6.3% 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 (08 Apr 20)	₹14.0071 ↓ -0.04 (-0.25 %)
Net Assets (Cr)	₹2,060 on 29 Feb 20
Category	Equity - ELSS
AMC	Tata Asset Management Limited
Rating	☆☆☆☆☆
Risk	Moderately High
Expense Ratio	2.08
Sharpe Ratio	0.46
Information Ratio	-0.3
Alpha Ratio	0.94
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Mar 15	₹10,000
31 Mar 16	₹9,815
31 Mar 17	₹12,397
31 Mar 18	₹14,144
31 Mar 19	₹15,272
31 Mar 20	₹11,620

Tata India Tax Savings Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹323,701.
Net Profit of ₹23,701 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 8 Apr 20

Duration	Returns
1 Month	-21.5%
3 Month	-26.3%
6 Month	-20.5%
1 Year	-22.4%
3 Year	-2.3%
5 Year	2.7%
10 Year
15 Year
Since launch	6.3%

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	4.59 Yr.
Ennette Fernandes	18 Jun 18	1.37 Yr.

Data below for Tata India Tax Savings Fund as on 29 Feb 20

Equity Sector Allocation

Sector	Value
Financial Services	40.83%
Consumer Cyclical	10.91%
Energy	9.34%
Technology	8.88%
Industrials	8.03%
Basic Materials	4.57%
Health Care	4.13%
Communication Services	2.92%
Consumer Defensive	2.34%
Real Estate	0.84%

Asset Allocation

Asset Class	Value
Cash	7.19%
Equity	92.81%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 30 Nov 16 \| ICICIBANK	9%	₹189 Cr	3,800,000
State Bank of India (Financial Services) Equity, Since 30 Nov 18 \| SBIN	8%	₹161 Cr	5,325,000
HDFC Bank Ltd (Financial Services) Equity, Since 28 Feb 10 \| HDFCBANK	7%	₹151 Cr	1,282,000
(A) Treps CBLO/Reverse Repo \| -	6%	₹125 Cr
Housing Development Finance Corp Ltd (Financial Services) Equity, Since 30 Jun 17 \| HDFC	6%	₹123 Cr	565,000
Infosys Ltd (Technology) Equity, Since 30 Sep 18 \| INFY	6%	₹123 Cr	1,680,000
Reliance Industries Ltd (Energy) Equity, Since 31 Jan 18 \| RELIANCE	6%	₹116 Cr	870,000
Axis Bank Ltd (Financial Services) Equity, Since 31 Aug 18 \| 532215	5%	₹105 Cr	1,500,000
Bharti Airtel Ltd (Communication Services) Equity, Since 30 Sep 19 \| BHARTIARTL	3%	₹60 Cr	1,150,000
Tata Consultancy Services Ltd (Technology) Equity, Since 31 Jul 18 \| TCS	3%	₹60 Cr	300,000

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 12.7% 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 (08 Apr 20)	₹38.41 ↑ 0.16 (0.42 %)
Net Assets (Cr)	₹2,060 on 29 Feb 20
Category	Equity - ELSS
AMC	IDFC Asset Management Company Limited
Rating	☆☆☆☆☆
Risk	Moderately High
Expense Ratio	2.22
Sharpe Ratio	-0.02
Information Ratio	-0.34
Alpha Ratio	-2.93
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Mar 15	₹10,000
31 Mar 16	₹8,992
31 Mar 17	₹11,463
31 Mar 18	₹14,033
31 Mar 19	₹14,163
31 Mar 20	₹9,325

IDFC Tax Advantage (ELSS) Fund SIP Returns

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 8 Apr 20

Duration	Returns
1 Month	-25.3%
3 Month	-29.8%
6 Month	-24.7%
1 Year	-31.7%
3 Year	-6.3%
5 Year	-1.4%
10 Year
15 Year
Since launch	12.7%

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	3.2 Yr.

Data below for IDFC Tax Advantage (ELSS) Fund as on 29 Feb 20

Equity Sector Allocation

Sector	Value
Financial Services	29.01%
Industrials	16.64%
Consumer Cyclical	13.29%
Basic Materials	11.95%
Technology	8.18%
Energy	5.77%
Health Care	4.88%
Consumer Defensive	3.02%
Communication Services	1.4%
Utility	1.19%

Asset Allocation

Asset Class	Value
Cash	3.98%
Equity	96.02%
Other	0%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 May 16 \| ICICIBANK	8%	₹159 Cr	3,200,000
Triparty Repo CBLO/Reverse Repo \| -	4%	₹85 Cr
Reliance Industries Ltd (Energy) Equity, Since 31 Jul 18 \| RELIANCE	4%	₹83 Cr	625,000 ↑ 25,000
Infosys Ltd (Technology) Equity, Since 31 Jul 15 \| INFY	4%	₹82 Cr	1,125,000
State Bank of India (Financial Services) Equity, Since 31 Oct 18 \| SBIN	4%	₹82 Cr	2,700,000
HDFC Bank Ltd (Financial Services) Equity, Since 30 Sep 14 \| HDFCBANK	4%	₹80 Cr	680,000
Axis Bank Ltd (Financial Services) Equity, Since 28 Feb 18 \| 532215	3%	₹70 Cr	1,000,000
RBL Bank Ltd (Financial Services) Equity, Since 31 Aug 16 \| RBLBANK	3%	₹54 Cr	1,850,000
Deepak Nitrite Ltd (Basic Materials) Equity, Since 31 Mar 17 \| 506401	2%	₹51 Cr	1,110,000 ↓ -70,000
KEC International Ltd (Industrials) Equity, Since 30 Sep 15 \| 532714	2%	₹51 Cr	1,650,000

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 8% 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 (08 Apr 20)	₹25.25 ↑ 0.13 (0.52 %)
Net Assets (Cr)	₹10,073 on 29 Feb 20
Category	Equity - ELSS
AMC	Birla Sun Life Asset Management Co Ltd
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	2.17
Sharpe Ratio	0.17
Information Ratio	0.12
Alpha Ratio	0.23
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Mar 15	₹10,000
31 Mar 16	₹9,646
31 Mar 17	₹11,882
31 Mar 18	₹14,041
31 Mar 19	₹14,625
31 Mar 20	₹11,454

Aditya Birla Sun Life Tax Relief '96 SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹323,701.
Net Profit of ₹23,701 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 8 Apr 20

Duration	Returns
1 Month	-19.6%
3 Month	-21%
6 Month	-14.2%
1 Year	-20.2%
3 Year	-0.9%
5 Year	2.6%
10 Year
15 Year
Since launch	8%

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	13.26 Yr.

Data below for Aditya Birla Sun Life Tax Relief '96 as on 29 Feb 20

Equity Sector Allocation

Sector	Value
Financial Services	23%
Industrials	15.59%
Health Care	15.05%
Basic Materials	13.04%
Consumer Cyclical	10.07%
Energy	8.26%
Consumer Defensive	7.22%
Technology	5.99%

Asset Allocation

Asset Class	Value
Cash	1.77%
Equity	98.23%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Honeywell Automation India Ltd (Industrials) Equity, Since 30 Jun 08 \| 517174	10%	₹1,002 Cr	302,981 ↑ 10,624
Reliance Industries Ltd (Energy) Equity, Since 30 Jun 08 \| RELIANCE	8%	₹832 Cr	6,264,803 ↑ 236,724
Housing Development Finance Corp Ltd (Financial Services) Equity, Since 30 Jun 08 \| HDFC	8%	₹766 Cr	3,522,583
Pfizer Ltd (Healthcare) Equity, Since 30 Apr 11 \| PFIZER	7%	₹717 Cr	1,708,997 ↑ 3,771
Bayer CropScience Ltd (Basic Materials) Equity, Since 31 Aug 11 \| 506285	5%	₹543 Cr	1,239,841
Gillette India Ltd (Consumer Defensive) Equity, Since 30 Jun 14 \| GILLETTE	5%	₹512 Cr	883,761 ↑ 4,500
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 30 Apr 15 \| KOTAKBANK	5%	₹480 Cr	2,962,934 ↑ 336,917
GlaxoSmithKline Pharmaceuticals Ltd (Healthcare) Equity, Since 31 Mar 10 \| 500660	5%	₹463 Cr	3,545,290
Johnson Controls - Hitachi Air Conditioning India Ltd (Technology) Equity, Since 28 Feb 15 \| 523398	4%	₹360 Cr	1,268,198
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Jun 08 \| LT	4%	₹360 Cr	3,027,803

4. 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 10.6% since its launch. Ranked 12 in ELSS category. Return for 2019 was 14.8% , 2018 was -7.6% and 2017 was 36.3% .

Below is the key information for DSP BlackRock Tax Saver Fund

DSP BlackRock Tax Saver Fund Growth
Launch Date	18 Jan 07
NAV (08 Apr 20)	₹37.983 ↑ 0.08 (0.22 %)
Net Assets (Cr)	₹6,096 on 29 Feb 20
Category	Equity - ELSS
AMC	DSP BlackRock Invmt Managers Pvt. Ltd.
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	2.11
Sharpe Ratio	0.62
Information Ratio	0.07
Alpha Ratio	6.72
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Mar 15	₹10,000
31 Mar 16	₹9,735
31 Mar 17	₹12,721
31 Mar 18	₹13,846
31 Mar 19	₹15,011
31 Mar 20	₹11,441

DSP BlackRock Tax Saver Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹323,701.
Net Profit of ₹23,701 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 8 Apr 20

Duration	Returns
1 Month	-21.3%
3 Month	-25.7%
6 Month	-20.3%
1 Year	-20.8%
3 Year	-2.6%
5 Year	2.9%
10 Year
15 Year
Since launch	10.6%

Historical performance (Yearly) on absolute basis

Year	Returns
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%
2010	23.3%

Fund Manager information for DSP BlackRock Tax Saver Fund

Name	Since	Tenure
Rohit Singhania	16 Jul 15	4.46 Yr.

Data below for DSP BlackRock Tax Saver Fund as on 29 Feb 20

Equity Sector Allocation

Sector	Value
Financial Services	28.25%
Basic Materials	10.21%
Consumer Cyclical	9.58%
Energy	9.23%
Industrials	8.17%
Technology	7.03%
Health Care	6.82%
Communication Services	6.57%
Utility	4.89%
Consumer Defensive	4.6%
Real Estate	1.45%

Asset Allocation

Asset Class	Value
Cash	3.2%
Equity	96.8%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 16 \| ICICIBANK	8%	₹490 Cr	9,860,692 ↑ 871,226
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jul 08 \| HDFCBANK	7%	₹404 Cr	3,426,524 ↓ -118,725
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Jul 19 \| BHARTIARTL	7%	₹401 Cr	7,652,702 ↑ 546,977
Axis Bank Ltd (Financial Services) Equity, Since 30 Nov 18 \| 532215	6%	₹358 Cr	5,136,689 ↑ 793,640
Infosys Ltd (Technology) Equity, Since 31 Mar 12 \| INFY	4%	₹257 Cr	3,518,125 ↓ -167,514
Reliance Industries Ltd (Energy) Equity, Since 31 May 15 \| RELIANCE	4%	₹255 Cr	1,922,579 ↑ 269,784
UltraTech Cement Ltd (Basic Materials) Equity, Since 31 May 14 \| ULTRACEMCO	3%	₹174 Cr	411,910 ↑ 14,673
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 28 Feb 17 \| KOTAKBANK	2%	₹151 Cr	933,188 ↑ 202,278
Larsen & Toubro Ltd (Industrials) Equity, Since 29 Feb 16 \| LT	2%	₹147 Cr	1,236,364 ↑ 196,151
Bharat Petroleum Corp Ltd (Energy) Equity, Since 30 Sep 19 \| 500547	2%	₹141 Cr	3,299,474 ↑ 136,570

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 10.4% 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 (08 Apr 20)	₹40.343 ↑ 0.28 (0.70 %)
Net Assets (Cr)	₹3,206 on 29 Feb 20
Category	Equity - ELSS
AMC	L&T Investment Management Ltd
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	2.21
Sharpe Ratio	0.26
Information Ratio	-0.56
Alpha Ratio	1.42
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Mar 15	₹10,000
31 Mar 16	₹9,570
31 Mar 17	₹12,483
31 Mar 18	₹14,471
31 Mar 19	₹14,403
31 Mar 20	₹10,491

L&T Tax Advantage Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹307,716.
Net Profit of ₹7,716 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 8 Apr 20

Duration	Returns
1 Month	-22.2%
3 Month	-27.2%
6 Month	-20.4%
1 Year	-24.9%
3 Year	-5.1%
5 Year	1%
10 Year
15 Year
Since launch	10.4%

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	0.04 Yr.
Vihang Naik	17 Dec 19	0.04 Yr.

Data below for L&T Tax Advantage Fund as on 29 Feb 20

Equity Sector Allocation

Sector	Value
Financial Services	34.13%
Basic Materials	13.44%
Consumer Cyclical	11.26%
Health Care	10.78%
Technology	10.03%
Industrials	6.45%
Energy	4.38%
Communication Services	3.93%
Consumer Defensive	3.36%

Asset Allocation

Asset Class	Value
Cash	1.57%
Equity	97.76%
Other	0.67%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 30 Jun 09 \| ICICIBANK	6%	₹183 Cr	3,684,800 ↓ -644,200
HDFC Bank Ltd (Financial Services) Equity, Since 31 Mar 06 \| HDFCBANK	5%	₹173 Cr	1,470,500
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 30 Apr 15 \| KOTAKBANK	4%	₹135 Cr	834,000
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Oct 17 \| BHARTIARTL	4%	₹126 Cr	2,403,800
Reliance Industries Ltd (Energy) Equity, Since 31 Aug 18 \| RELIANCE	4%	₹113 Cr	853,000
Infosys Ltd (Technology) Equity, Since 31 Mar 06 \| INFY	3%	₹100 Cr	1,370,200
Tata Consultancy Services Ltd (Technology) Equity, Since 30 Jun 09 \| TCS	3%	₹95 Cr	476,300 ↓ -158,700
HCL Technologies Ltd (Technology) Equity, Since 30 Sep 17 \| HCLTECH	3%	₹94 Cr	1,758,400
Larsen & Toubro Ltd (Industrials) Equity, Since 31 Mar 06 \| LT	3%	₹92 Cr	778,000 ↓ -75,000
Housing Development Finance Corp Ltd (Financial Services) Equity, Since 31 May 17 \| HDFC	3%	₹87 Cr	399,000

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.