5 Best Performing ELSS Mutual Funds SIP 2022 for Tax Savings u/s 80c

Table of Contents

Top 5 Best Performing ELSS Mutual Funds SIP FY 22 - 23
Top 5 Equity - ELSS Funds

Best ELSS Mutual Funds for SIP Investment in 2022

Updated on May 19, 2022 , 2521 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

Ready to Invest?
Talk to our investment specialist

Top 5 Best Performing ELSS Mutual Funds SIP FY 22 - 23

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 17.9% since its launch. Ranked 3 in ELSS category. Return for 2021 was 49.2% , 2020 was 18.7% and 2019 was 1.9% .

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

IDFC Tax Advantage (ELSS) Fund Growth
Launch Date	26 Dec 08
NAV (20 May 22)	₹90.96 ↑ 2.33 (2.63 %)
Net Assets (Cr)	₹3,742 on 30 Apr 22
Category	Equity - ELSS
AMC	IDFC Asset Management Company Limited
Rating	☆☆☆☆☆
Risk	Moderately High
Expense Ratio	2.06
Sharpe Ratio	1.58
Information Ratio	0.45
Alpha Ratio	5.15
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
30 Apr 17	₹10,000
30 Apr 18	₹12,522
30 Apr 19	₹11,764
30 Apr 20	₹9,100
30 Apr 21	₹16,141
30 Apr 22	₹20,389

IDFC Tax Advantage (ELSS) Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹426,080.
Net Profit of ₹126,080 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 20 May 22

Duration	Returns
1 Month	-7.5%
3 Month	-5%
6 Month	-6.9%
1 Year	12.8%
3 Year	17.4%
5 Year	13.5%
10 Year
15 Year
Since launch	17.9%

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	5.53 Yr.

Data below for IDFC Tax Advantage (ELSS) Fund as on 30 Apr 22

Equity Sector Allocation

Sector	Value
Financial Services	24.34%
Consumer Cyclical	17.7%
Industrials	13.17%
Basic Materials	12.13%
Technology	11.37%
Health Care	6.92%
Energy	4.1%
Consumer Defensive	3.5%
Communication Services	2.77%

Asset Allocation

Asset Class	Value
Cash	4.01%
Equity	95.99%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 May 16 \| ICICIBANK	8%	₹282 Cr	3,800,000 ↑ 100,000
Infosys Ltd (Technology) Equity, Since 31 Jul 15 \| INFY	6%	₹219 Cr	1,400,000
State Bank of India (Financial Services) Equity, Since 30 Jun 20 \| SBIN	5%	₹174 Cr	3,500,000
Reliance Industries Ltd (Energy) Equity, Since 31 Jul 18 \| RELIANCE	4%	₹153 Cr	550,000
HDFC Bank Ltd (Financial Services) Equity, Since 30 Sep 14 \| HDFCBANK	4%	₹145 Cr	1,050,000 ↑ 100,000
Tata Motors Ltd (Consumer Cyclical) Equity, Since 31 May 20 \| TATAMOTORS	3%	₹123 Cr	2,800,000
Greenpanel Industries Ltd Ordinary Shares (Consumer Cyclical) Equity, Since 31 Jul 19 \| GREENPANEL	3%	₹120 Cr	1,976,440 ↓ -123,560
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Jan 20 \| BHARTIARTL	3%	₹103 Cr	1,400,000
Deepak Nitrite Ltd (Basic Materials) Equity, Since 31 Mar 17 \| DEEPAKNTR	3%	₹100 Cr	430,000 ↓ -10,000
Jindal Steel & Power Ltd (Basic Materials) Equity, Since 31 Mar 18 \| JINDALSTEL	3%	₹96 Cr	1,784,695 ↓ -15,305

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 13.4% since its launch. Ranked 1 in ELSS category. Return for 2021 was 30.4% , 2020 was 11.9% and 2019 was 13.6% .

Below is the key information for Tata India Tax Savings Fund

Tata India Tax Savings Fund Growth
Launch Date	13 Oct 14
NAV (20 May 22)	₹25.9215 ↑ 0.67 (2.65 %)
Net Assets (Cr)	₹2,978 on 30 Apr 22
Category	Equity - ELSS
AMC	Tata Asset Management Limited
Rating	☆☆☆☆☆
Risk	Moderately High
Expense Ratio	1.9
Sharpe Ratio	1.18
Information Ratio	-0.51
Alpha Ratio	-1.45
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
30 Apr 17	₹10,000
30 Apr 18	₹11,575
30 Apr 19	₹11,689
30 Apr 20	₹10,077
30 Apr 21	₹14,825
30 Apr 22	₹17,632

Tata India Tax Savings Fund SIP 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 20 May 22

Duration	Returns
1 Month	-6.6%
3 Month	-6.3%
6 Month	-9.1%
1 Year	9.8%
3 Year	12.1%
5 Year	10.9%
10 Year
15 Year
Since launch	13.4%

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	1.15 Yr.

Data below for Tata India Tax Savings Fund as on 30 Apr 22

Equity Sector Allocation

Sector	Value
Financial Services	35.1%
Industrials	17.66%
Technology	9.05%
Energy	7.54%
Consumer Cyclical	7.06%
Basic Materials	6.01%
Health Care	5.73%
Communication Services	4.92%
Utility	2.36%
Real Estate	1.44%

Asset Allocation

Asset Class	Value
Cash	3.12%
Equity	96.88%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 30 Nov 16 \| ICICIBANK	7%	₹208 Cr	2,800,000 ↓ -520,000
Reliance Industries Ltd (Energy) Equity, Since 31 Jan 18 \| RELIANCE	6%	₹188 Cr	675,000
Infosys Ltd (Technology) Equity, Since 30 Sep 18 \| INFY	6%	₹182 Cr	1,160,000 ↓ -190,000
HDFC Bank Ltd (Financial Services) Equity, Since 28 Feb 10 \| HDFCBANK	6%	₹181 Cr	1,305,000 ↑ 170,000
State Bank of India (Financial Services) Equity, Since 30 Nov 18 \| SBIN	6%	₹171 Cr	3,450,000
Housing Development Finance Corp Ltd (Financial Services) Equity, Since 30 Jun 17 \| HDFC	4%	₹128 Cr	575,000 ↑ 105,000
Axis Bank Ltd (Financial Services) Equity, Since 31 Aug 18 \| AXISBANK	4%	₹107 Cr	1,465,000
Bharti Airtel Ltd (Communication Services) Equity, Since 30 Sep 19 \| BHARTIARTL	3%	₹94 Cr	1,275,000
KEI Industries Ltd (Industrials) Equity, Since 30 Jun 21 \| KEI	2%	₹68 Cr	563,824
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Nov 16 \| LT	2%	₹66 Cr	390,000

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 2021 was 32.1% , 2020 was 18.9% and 2019 was 2.5% .

Below is the key information for Principal Tax Savings Fund

Principal Tax Savings Fund Growth
Launch Date	31 Mar 96
NAV (20 May 22)	₹302.727 ↑ 7.10 (2.40 %)
Net Assets (Cr)	₹920 on 30 Apr 22
Category	Equity - ELSS
AMC	Principal Pnb Asset Mgmt. Co. Priv. Ltd.
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	2.55
Sharpe Ratio	1.46
Information Ratio	-0.33
Alpha Ratio	1.92
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
30 Apr 17	₹10,000
30 Apr 18	₹12,009
30 Apr 19	₹11,294
30 Apr 20	₹9,387
30 Apr 21	₹14,239
30 Apr 22	₹17,405

Principal Tax Savings Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹395,578.
Net Profit of ₹95,578 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 20 May 22

Duration	Returns
1 Month	-6.6%
3 Month	-6.6%
6 Month	-10.1%
1 Year	11.9%
3 Year	13.3%
5 Year	10.3%
10 Year
15 Year
Since launch	15.7%

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	2.51 Yr.
Rohit Seksaria	1 Jan 22	0.33 Yr.

Data below for Principal Tax Savings Fund as on 30 Apr 22

Equity Sector Allocation

Sector	Value
Financial Services	35.88%
Consumer Cyclical	16.01%
Technology	14.87%
Industrials	12.04%
Health Care	6.42%
Energy	3.88%
Consumer Defensive	3.31%
Basic Materials	2.78%
Communication Services	2.09%
Real Estate	0.83%

Asset Allocation

Asset Class	Value
Cash	1.87%
Equity	98.13%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 09 \| ICICIBANK	8%	₹76 Cr	1,044,215
Infosys Ltd (Technology) Equity, Since 31 Jan 09 \| INFY	7%	₹66 Cr	346,446 ↓ -20,000
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jul 09 \| HDFCBANK	5%	₹49 Cr	335,117
Polycab India Ltd (Industrials) Equity, Since 30 Nov 20 \| POLYCAB	4%	₹41 Cr	172,375
State Bank of India (Financial Services) Equity, Since 30 Apr 05 \| SBIN	4%	₹39 Cr	787,020 ↑ 77,425
Reliance Industries Ltd (Energy) Equity, Since 31 Dec 21 \| RELIANCE	4%	₹36 Cr	137,512
Axis Bank Ltd (Financial Services) Equity, Since 30 Sep 17 \| 532215	3%	₹31 Cr	410,005 ↑ 30,000
Tata Consultancy Services Ltd (Technology) Equity, Since 30 Apr 14 \| TCS	3%	₹31 Cr	83,073 ↓ -821
Ashok Leyland Ltd (Industrials) Equity, Since 31 Aug 20 \| 500477	3%	₹28 Cr	2,405,310 ↑ 90,000
Maruti Suzuki India Ltd (Consumer Cyclical) Equity, Since 31 Oct 19 \| MARUTI	3%	₹24 Cr	31,194

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% since its launch. Ranked 12 in ELSS category. Return for 2021 was 35.1% , 2020 was 15% and 2019 was 14.8% .

Below is the key information for DSP BlackRock Tax Saver Fund

DSP BlackRock Tax Saver Fund Growth
Launch Date	18 Jan 07
NAV (20 May 22)	₹74.874 ↑ 1.59 (2.17 %)
Net Assets (Cr)	₹9,811 on 30 Apr 22
Category	Equity - ELSS
AMC	DSP BlackRock Invmt Managers Pvt. Ltd.
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	1.87
Sharpe Ratio	1.2
Information Ratio	0.32
Alpha Ratio	-0.36
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
30 Apr 17	₹10,000
30 Apr 18	₹11,129
30 Apr 19	₹11,431
30 Apr 20	₹9,964
30 Apr 21	₹15,689
30 Apr 22	₹18,697

DSP BlackRock Tax Saver Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹415,684.
Net Profit of ₹115,684 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 20 May 22

Duration	Returns
1 Month	-6.6%
3 Month	-5.9%
6 Month	-9%
1 Year	8.5%
3 Year	15.8%
5 Year	12%
10 Year
15 Year
Since launch	14%

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	6.79 Yr.
Charanjit Singh	1 Jan 21	1.33 Yr.

Data below for DSP BlackRock Tax Saver Fund as on 30 Apr 22

Equity Sector Allocation

Sector	Value
Financial Services	36.83%
Consumer Cyclical	10.69%
Basic Materials	10.41%
Technology	10.32%
Industrials	8.58%
Health Care	7.72%
Utility	5.83%
Communication Services	3.11%
Energy	2.68%
Consumer Defensive	2.67%

Asset Allocation

Asset Class	Value
Cash	1.16%
Equity	98.84%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 16 \| ICICIBANK	9%	₹915 Cr	12,314,497 ↑ 136,012
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jul 08 \| HDFCBANK	8%	₹756 Cr	5,456,452 ↑ 564,039
Infosys Ltd (Technology) Equity, Since 31 Mar 12 \| INFY	7%	₹709 Cr	4,522,740 ↑ 126,850
Axis Bank Ltd (Financial Services) Equity, Since 30 Nov 18 \| AXISBANK	7%	₹640 Cr	8,783,608 ↑ 127,811
State Bank of India (Financial Services) Equity, Since 30 Jun 20 \| SBIN	5%	₹504 Cr	10,158,698 ↑ 687,305
SBI Life Insurance Company Limited (Financial Services) Equity, Since 30 Jun 20 \| SBILIFE	3%	₹273 Cr	2,468,846
NTPC Ltd (Utilities) Equity, Since 31 Jan 19 \| NTPC	3%	₹272 Cr	17,387,006 ↑ 1,705,727
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Jul 19 \| BHARTIARTL	3%	₹260 Cr	3,522,557
Sun Pharmaceuticals Industries Ltd (Healthcare) Equity, Since 30 Apr 20 \| SUNPHARMA	3%	₹259 Cr	2,786,716 ↑ 164,235
HCL Technologies Ltd (Technology) Equity, Since 31 Mar 21 \| HCLTECH	2%	₹238 Cr	2,204,994

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 12.9% since its launch. Ranked 7 in ELSS category. Return for 2021 was 30.3% , 2020 was 13.5% and 2019 was 4.6% .

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

L&T Tax Advantage Fund Growth
Launch Date	27 Feb 06
NAV (20 May 22)	₹71.302 ↑ 1.67 (2.39 %)
Net Assets (Cr)	₹3,239 on 30 Apr 22
Category	Equity - ELSS
AMC	L&T Investment Management Ltd
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	2.03
Sharpe Ratio	0.88
Information Ratio	-0.85
Alpha Ratio	-3.35
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
30 Apr 17	₹10,000
30 Apr 18	₹11,760
30 Apr 19	₹10,908
30 Apr 20	₹9,165
30 Apr 21	₹13,734
30 Apr 22	₹15,693

L&T Tax Advantage Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹367,070.
Net Profit of ₹67,070 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 20 May 22

Duration	Returns
1 Month	-8%
3 Month	-7.4%
6 Month	-12.2%
1 Year	3%
3 Year	10%
5 Year	7.7%
10 Year
15 Year
Since launch	12.9%

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	2.37 Yr.
Cheenu Gupta	2 Jul 21	0.83 Yr.

Data below for L&T Tax Advantage Fund as on 30 Apr 22

Equity Sector Allocation

Sector	Value
Financial Services	24.12%
Consumer Cyclical	19.57%
Technology	17.3%
Basic Materials	10.94%
Energy	9.63%
Health Care	5.02%
Utility	4.5%
Industrials	2.4%
Real Estate	2.01%
Consumer Defensive	1.8%
Communication Services	1.13%

Asset Allocation

Asset Class	Value
Cash	1.59%
Equity	98.41%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Reliance Industries Ltd (Energy) Equity, Since 30 Nov 21 \| RELIANCE	10%	₹312 Cr	1,118,400
ICICI Bank Ltd (Financial Services) Equity, Since 30 Jun 09 \| ICICIBANK	8%	₹266 Cr	3,572,500
Infosys Ltd (Technology) Equity, Since 31 Mar 06 \| INFY	7%	₹220 Cr	1,400,900 ↑ 71,700
State Bank of India (Financial Services) Equity, Since 31 Jan 19 \| SBIN	5%	₹171 Cr	3,445,000
Bajaj Finance Ltd (Financial Services) Equity, Since 31 Jul 21 \| BAJFINANCE	4%	₹123 Cr	184,200
Titan Co Ltd (Consumer Cyclical) Equity, Since 31 Oct 21 \| TITAN	4%	₹122 Cr	496,500
Indian Hotels Co Ltd (Consumer Cyclical) Equity, Since 31 Oct 21 \| INDHOTEL	4%	₹116 Cr	4,540,577
Persistent Systems Ltd (Technology) Equity, Since 31 Jul 21 \| PERSISTENT	3%	₹101 Cr	234,400 ↑ 38,900
Tata Motors Ltd (Consumer Cyclical) Equity, Since 31 Oct 21 \| TATAMOTORS	3%	₹91 Cr	2,075,100 ↓ -231,500
SRF Ltd (Basic Materials) Equity, Since 31 Jul 21 \| SRF	3%	₹87 Cr	344,800

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.