fincash logo SOLUTIONS
EXPLORE FUNDS
CALCULATORS
fincash number+91-22-48913909
5 Best Performing ELSS Mutual Funds SIP 2023 for Tax Savings u/s 80c

Fincash » Mutual Funds » Best ELSS Funds SIP

Best ELSS Mutual Funds for SIP Investment in 2023

Updated on February 2, 2023 , 3258 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 23 - 24

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 13.8% since its launch.  Ranked 1 in ELSS category.  Return for 2022 was 5.9% , 2021 was 30.4% and 2020 was 11.9% .

Below is the key information for Tata India Tax Savings Fund

Tata India Tax Savings Fund
Growth
Launch Date 13 Oct 14
NAV (03 Feb 23) ₹29.1839 ↑ 0.30   (1.04 %)
Net Assets (Cr) ₹3,192 on 31 Dec 22
Category Equity - ELSS
AMC Tata Asset Management Limited
Rating
Risk Moderately High
Expense Ratio 0
Sharpe Ratio 0.13
Information Ratio -0.52
Alpha Ratio 1.54
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jan 18₹10,000
31 Jan 19₹9,207
31 Jan 20₹10,540
31 Jan 21₹11,667
31 Jan 22₹15,464
31 Jan 23₹15,799

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 ₹395,578.
Net Profit of ₹95,578
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 3 Feb 23

DurationReturns
1 Month -2.7%
3 Month -1.7%
6 Month 3.5%
1 Year 2.1%
3 Year 15.7%
5 Year 10.6%
10 Year
15 Year
Since launch 13.8%
Historical performance (Yearly) on absolute basis
YearReturns
2022 5.9%
2021 30.4%
2020 11.9%
2019 13.6%
2018 -8.4%
2017 46%
2016 2.1%
2015 13.3%
2014
2013
Fund Manager information for Tata India Tax Savings Fund
NameSinceTenure
Tejas Gutka9 Mar 211.82 Yr.

Data below for Tata India Tax Savings Fund as on 31 Dec 22

Equity Sector Allocation
SectorValue
Financial Services36.88%
Industrials16.97%
Technology8.64%
Consumer Cyclical8.29%
Health Care5.85%
Basic Materials5.69%
Energy5.39%
Communication Services5.08%
Utility2.31%
Consumer Defensive2.06%
Real Estate1.21%
Asset Allocation
Asset ClassValue
Cash1.63%
Equity98.37%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK
7%₹212 Cr1,305,000
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK
6%₹207 Cr2,325,000
Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY
5%₹175 Cr1,160,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE
5%₹172 Cr675,000
State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN
5%₹153 Cr2,500,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC
5%₹152 Cr575,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | AXISBANK
4%₹137 Cr1,465,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 19 | BHARTIARTL
3%₹92 Cr1,140,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 16 | LT
3%₹81 Cr390,000
The Federal Bank Ltd (Financial Services)
Equity, Since 31 Oct 21 | FEDERALBNK
2%₹70 Cr5,000,000

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 17.8% since its launch.  Ranked 3 in ELSS category.  Return for 2022 was 4.2% , 2021 was 49.2% and 2020 was 18.7% .

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

IDFC Tax Advantage (ELSS) Fund
Growth
Launch Date 26 Dec 08
NAV (03 Feb 23) ₹100.459 ↑ 0.65   (0.65 %)
Net Assets (Cr) ₹4,026 on 31 Dec 22
Category Equity - ELSS
AMC IDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 1.95
Sharpe Ratio 0.03
Information Ratio 0.72
Alpha Ratio -0.51
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jan 18₹10,000
31 Jan 19₹8,614
31 Jan 20₹9,289
31 Jan 21₹10,943
31 Jan 22₹16,319
31 Jan 23₹16,535

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 ₹405,518.
Net Profit of ₹105,518
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 3 Feb 23

DurationReturns
1 Month -1.9%
3 Month -1.3%
6 Month 4.1%
1 Year 0.2%
3 Year 22.1%
5 Year 11.6%
10 Year
15 Year
Since launch 17.8%
Historical performance (Yearly) on absolute basis
YearReturns
2022 4.2%
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%
Fund Manager information for IDFC Tax Advantage (ELSS) Fund
NameSinceTenure
Daylynn Pinto20 Oct 166.2 Yr.

Data below for IDFC Tax Advantage (ELSS) Fund as on 31 Dec 22

Equity Sector Allocation
SectorValue
Financial Services28.12%
Consumer Cyclical15.31%
Industrials12.65%
Basic Materials9.92%
Technology9.43%
Health Care6.36%
Energy3.8%
Consumer Defensive3.34%
Communication Services2.8%
Utility1.36%
Asset Allocation
Asset ClassValue
Cash6.9%
Equity93.1%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK
8%₹339 Cr3,800,000
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
5%₹215 Cr3,500,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY
5%₹204 Cr1,350,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK
4%₹171 Cr1,050,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE
4%₹153 Cr600,000
↑ 50,000
Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | AXISBANK
3%₹131 Cr1,400,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL
3%₹113 Cr1,400,000
Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS
3%₹101 Cr2,600,000
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Jul 20 | M&M
2%₹100 Cr800,000
Jindal Steel & Power Ltd (Basic Materials)
Equity, Since 31 Mar 18 | JINDALSTEL
2%₹99 Cr1,700,000
↓ -50,000

3. 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 15.7% since its launch.  Ranked 8 in ELSS category.  Return for 2022 was 4.3% , 2021 was 32.1% and 2020 was 18.9% .

Below is the key information for Principal Tax Savings Fund

Principal Tax Savings Fund
Growth
Launch Date 31 Mar 96
NAV (03 Feb 23) ₹336.061 ↑ 2.33   (0.70 %)
Net Assets (Cr) ₹965 on 31 Dec 22
Category Equity - ELSS
AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd.
Rating
Risk Moderately High
Expense Ratio 2.44
Sharpe Ratio 0.02
Information Ratio 0.16
Alpha Ratio -0.07
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jan 18₹10,000
31 Jan 19₹8,799
31 Jan 20₹9,270
31 Jan 21₹10,907
31 Jan 22₹14,788
31 Jan 23₹14,914

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 ₹385,859.
Net Profit of ₹85,859
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 3 Feb 23

DurationReturns
1 Month -2.3%
3 Month -2.9%
6 Month 2.3%
1 Year -0.1%
3 Year 18.2%
5 Year 9.4%
10 Year
15 Year
Since launch 15.7%
Historical performance (Yearly) on absolute basis
YearReturns
2022 4.3%
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%
Fund Manager information for Principal Tax Savings Fund
NameSinceTenure
Sudhir Kedia29 Oct 193.18 Yr.
Rohit Seksaria1 Jan 221 Yr.

Data below for Principal Tax Savings Fund as on 31 Dec 22

Equity Sector Allocation
SectorValue
Financial Services40.65%
Consumer Cyclical14.38%
Industrials12.46%
Technology9.84%
Energy4.62%
Health Care4.5%
Consumer Defensive4.39%
Basic Materials3.53%
Communication Services1.5%
Real Estate1.04%
Asset Allocation
Asset ClassValue
Cash2.84%
Equity97.16%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
8%₹77 Cr861,000
↓ -74,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK
6%₹55 Cr335,117
State Bank of India (Financial Services)
Equity, Since 30 Apr 05 | SBIN
5%₹47 Cr770,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 21 | RELIANCE
5%₹45 Cr175,000
Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY
5%₹43 Cr288,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFC
4%₹41 Cr157,000
Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 17 | AXISBANK
4%₹38 Cr410,005
Ashok Leyland Ltd (Industrials)
Equity, Since 31 Aug 20 | 500477
4%₹34 Cr2,405,310
Polycab India Ltd (Industrials)
Equity, Since 30 Nov 20 | POLYCAB
3%₹27 Cr106,000
↓ -10,000
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Oct 19 | MARUTI
3%₹27 Cr32,000

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 14.1% since its launch.  Ranked 12 in ELSS category.  Return for 2022 was 4.5% , 2021 was 35.1% and 2020 was 15% .

Below is the key information for DSP BlackRock Tax Saver Fund

DSP BlackRock Tax Saver Fund
Growth
Launch Date 18 Jan 07
NAV (03 Feb 23) ₹82.616 ↑ 0.84   (1.03 %)
Net Assets (Cr) ₹10,445 on 31 Dec 22
Category Equity - ELSS
AMC DSP BlackRock Invmt Managers Pvt. Ltd.
Rating
Risk Moderately High
Expense Ratio 1.8
Sharpe Ratio 0.04
Information Ratio 0.04
Alpha Ratio 0.14
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jan 18₹10,000
31 Jan 19₹9,121
31 Jan 20₹10,720
31 Jan 21₹12,243
31 Jan 22₹16,866
31 Jan 23₹17,015

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 ₹405,518.
Net Profit of ₹105,518
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 3 Feb 23

DurationReturns
1 Month -2.5%
3 Month -1.2%
6 Month 3%
1 Year -0.1%
3 Year 17.4%
5 Year 11.9%
10 Year
15 Year
Since launch 14.1%
Historical performance (Yearly) on absolute basis
YearReturns
2022 4.5%
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%
Fund Manager information for DSP BlackRock Tax Saver Fund
NameSinceTenure
Rohit Singhania16 Jul 157.47 Yr.
Kaushal Maroo1 Dec 220.08 Yr.

Data below for DSP BlackRock Tax Saver Fund as on 31 Dec 22

Equity Sector Allocation
SectorValue
Financial Services39.08%
Consumer Cyclical12.49%
Technology10.62%
Basic Materials7.92%
Industrials7.87%
Health Care7.69%
Consumer Defensive3.89%
Utility3.77%
Energy3.72%
Communication Services2.29%
Asset Allocation
Asset ClassValue
Cash0.65%
Equity99.35%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK
10%₹1,011 Cr6,211,551
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK
8%₹793 Cr8,903,890
↓ -701,311
Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY
6%₹659 Cr4,366,492
↓ -263,133
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
5%₹526 Cr8,569,742
↑ 1,746,871
Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | AXISBANK
5%₹483 Cr5,175,964
HCL Technologies Ltd (Technology)
Equity, Since 31 Mar 21 | HCLTECH
3%₹302 Cr2,906,835
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Apr 20 | SUNPHARMA
2%₹252 Cr2,520,973
↓ -459,703
SBI Life Insurance Company Limited (Financial Services)
Equity, Since 30 Jun 20 | SBILIFE
2%₹249 Cr2,023,757
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jul 19 | BHARTIARTL
2%₹226 Cr2,809,644
↓ -128,334
Dr Reddy's Laboratories Ltd (Healthcare)
Equity, Since 31 Jul 20 | DRREDDY
2%₹222 Cr523,308
↓ -50,000

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 13% since its launch.  Ranked 7 in ELSS category.  Return for 2022 was -3% , 2021 was 30.3% and 2020 was 13.5% .

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

L&T Tax Advantage Fund
Growth
Launch Date 27 Feb 06
NAV (03 Feb 23) ₹78.7165 ↑ 0.85   (1.10 %)
Net Assets (Cr) ₹3,128 on 31 Dec 22
Category Equity - ELSS
AMC L&T Investment Management Ltd
Rating
Risk Moderately High
Expense Ratio 1.97
Sharpe Ratio -0.39
Information Ratio -0.95
Alpha Ratio -7.1
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jan 18₹10,000
31 Jan 19₹8,737
31 Jan 20₹9,590
31 Jan 21₹10,444
31 Jan 22₹13,607
31 Jan 23₹13,295

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 ₹357,992.
Net Profit of ₹57,992
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 3 Feb 23

DurationReturns
1 Month -1.2%
3 Month -2.9%
6 Month 2.4%
1 Year -2.1%
3 Year 12.8%
5 Year 6.8%
10 Year
15 Year
Since launch 13%
Historical performance (Yearly) on absolute basis
YearReturns
2022 -3%
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%
Fund Manager information for L&T Tax Advantage Fund
NameSinceTenure
Gautam Bhupal25 Nov 220.1 Yr.
Cheenu Gupta2 Jul 211.5 Yr.

Data below for L&T Tax Advantage Fund as on 31 Dec 22

Equity Sector Allocation
SectorValue
Financial Services32.77%
Consumer Cyclical20.49%
Industrials11.96%
Technology11.9%
Consumer Defensive6.21%
Basic Materials5.03%
Health Care3.19%
Energy3.12%
Utility1.81%
Real Estate0.98%
Asset Allocation
Asset ClassValue
Cash2.53%
Equity97.47%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK
7%₹233 Cr2,619,900
State Bank of India (Financial Services)
Equity, Since 31 Jan 19 | SBIN
6%₹193 Cr3,140,300
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK
6%₹186 Cr1,140,100
Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY
5%₹154 Cr1,023,800
Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 21 | INDHOTEL
4%₹135 Cr4,240,500
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jul 22 | LT
4%₹112 Cr538,300
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Jul 22 | HINDUNILVR
3%₹107 Cr419,300
Persistent Systems Ltd (Technology)
Equity, Since 31 Jul 21 | PERSISTENT
3%₹107 Cr276,400
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 21 | RELIANCE
3%₹98 Cr383,700
↓ -60,500
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Dec 21 | CHOLAFIN
3%₹81 Cr1,114,400

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 4.7, based on 3 reviews.
POST A COMMENT