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Best ELSS Mutual Funds for SIP Investment in 2021
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 21 - 22
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 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 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 1. IDFC Tax Advantage (ELSS) Fund
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% . 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.
Date Value 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 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Oct 21 Duration Returns 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
Year Returns 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
Name Since Tenure Daylynn Pinto 20 Oct 16 4.87 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 30 Sep 21
Equity Sector Allocation
Sector Value Financial Services 23.52% Basic Materials 15.16% Consumer Cyclical 14.85% Industrials 14.4% Technology 14.22% Energy 4.99% Health Care 4.7% Communication Services 3.38% Consumer Defensive 3.37% Asset Allocation
Asset Class Value Cash 1.41% Equity 98.59% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK8% ₹259 Cr 3,600,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY7% ₹235 Cr 1,375,000
↓ -25,000 State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN5% ₹153 Cr 3,600,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK4% ₹150 Cr 950,000 Deepak Nitrite Ltd (Basic Materials)
Equity, Since 31 Mar 17 | 5064014% ₹137 Cr 600,000
↓ -20,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE4% ₹124 Cr 550,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL3% ₹113 Cr 1,700,000 Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS3% ₹86 Cr 3,000,000 HCL Technologies Ltd (Technology)
Equity, Since 30 Nov 20 | HCLTECH2% ₹83 Cr 700,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | 5322152% ₹75 Cr 950,000 2. Tata India Tax Savings Fund
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% . 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.
Date Value 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 Returns for Tata India Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Oct 21 Duration Returns 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
Year Returns 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
Name Since Tenure Ennette Fernandes 18 Jun 18 3.21 Yr. Tejas Gutka 9 Mar 21 0.48 Yr. Data below for Tata India Tax Savings Fund as on 30 Sep 21
Equity Sector Allocation
Sector Value Financial Services 35.23% Industrials 15.7% Technology 11.86% Basic Materials 8.74% Consumer Cyclical 7.51% Energy 7.5% Health Care 5.82% Communication Services 3.1% Utility 2.14% Real Estate 1.49% Asset Allocation
Asset Class Value Cash 0.89% Equity 99.11% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK9% ₹265 Cr 3,680,000
↓ -220,000 Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY8% ₹239 Cr 1,400,000
↓ -160,000 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK6% ₹179 Cr 1,135,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN6% ₹174 Cr 4,080,000
↓ -320,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE6% ₹169 Cr 750,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC5% ₹132 Cr 470,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322154% ₹115 Cr 1,465,000
↓ -85,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 19 | BHARTIARTL3% ₹90 Cr 1,350,000
↓ -150,000 Hindalco Industries Ltd (Basic Materials)
Equity, Since 31 May 21 | HINDALCO2% ₹70 Cr 1,500,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 16 | LT2% ₹65 Cr 390,000 3. DSP BlackRock Tax Saver Fund
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% . 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.
Date Value 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 Returns for DSP BlackRock Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Oct 21 Duration Returns 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
Year Returns 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
Name Since Tenure Rohit Singhania 16 Jul 15 6.13 Yr. Charanjit Singh 1 Jan 21 0.67 Yr. Data below for DSP BlackRock Tax Saver Fund as on 30 Sep 21
Equity Sector Allocation
Sector Value Financial Services 40.81% Basic Materials 13.42% Technology 10.47% Consumer Cyclical 8.13% Industrials 7.75% Utility 5.65% Health Care 4.54% Communication Services 3.57% Energy 2.61% Consumer Defensive 2.25% Asset Allocation
Asset Class Value Cash 0.79% Equity 99.21% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK9% ₹853 Cr 11,862,015
↑ 202,831 Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY7% ₹652 Cr 3,818,400
↓ -221,452 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK7% ₹641 Cr 4,054,521
↑ 181,412 Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 5322155% ₹437 Cr 5,553,541
↑ 251,919 State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN4% ₹410 Cr 9,631,242
↓ -1,484,659 Tata Steel Ltd (Basic Materials)
Equity, Since 31 Dec 20 | TATASTEEL4% ₹377 Cr 2,601,708
↓ -405,832 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jul 19 | BHARTIARTL4% ₹345 Cr 5,202,696
↓ -829,702 Bajaj Finserv Ltd (Financial Services)
Equity, Since 31 Jan 21 | 5329783% ₹283 Cr 165,147 ACC Ltd (Basic Materials)
Equity, Since 28 Feb 19 | 5004102% ₹212 Cr 876,828 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 21 | KOTAKBANK2% ₹210 Cr 1,197,908
↑ 79,658 4. Principal Tax Savings Fund
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% . 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.
Date Value 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 Returns for Principal Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Oct 21 Duration Returns 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
Year Returns 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
Name Since Tenure Sudhir Kedia 29 Oct 19 1.84 Yr. Data below for Principal Tax Savings Fund as on 30 Sep 21
Equity Sector Allocation
Sector Value Financial Services 36.46% Technology 13.66% Industrials 12.24% Consumer Cyclical 9.08% Consumer Defensive 6.79% Basic Materials 5.52% Health Care 4.98% Communication Services 4.91% Utility 0.97% Energy 0.91% Real Estate 0.58% Asset Allocation
Asset Class Value Cash 0.59% Equity 99.4% Debt 0.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK8% ₹48 Cr 665,990 Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY7% ₹40 Cr 233,699
↓ -16,760 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK6% ₹34 Cr 212,741 Polycab India Ltd (Industrials)
Equity, Since 30 Nov 20 | 5426524% ₹23 Cr 112,670 Reliance Industries Ltd.
Equity, Since 30 Jun 21 | -3% ₹19 Cr 118,720 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 18 | BHARTIARTL3% ₹18 Cr 269,710 Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 17 | 5322153% ₹17 Cr 219,595 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 14 | TCS3% ₹17 Cr 45,454 State Bank of India (Financial Services)
Equity, Since 30 Apr 05 | SBIN3% ₹17 Cr 396,310 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Oct 19 | MARUTI3% ₹16 Cr 23,703 5. L&T Tax Advantage Fund
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% . 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.
Date Value 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 Returns for L&T Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Oct 21 Duration Returns 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
Year Returns 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
Name Since Tenure Vihang Naik 17 Dec 19 1.71 Yr. Cheenu Gupta 2 Jul 21 0.17 Yr. Data below for L&T Tax Advantage Fund as on 30 Sep 21
Equity Sector Allocation
Sector Value Financial Services 28.41% Technology 19.32% Basic Materials 16.16% Consumer Cyclical 12.64% Health Care 9.21% Industrials 4.51% Consumer Defensive 4.07% Utility 2.02% Real Estate 1.75% Asset Allocation
Asset Class Value Cash 2.92% Equity 98.09% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK7% ₹243 Cr 3,382,000
↑ 765,400 Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY7% ₹243 Cr 1,422,800 State Bank of India (Financial Services)
Equity, Since 31 Jan 19 | SBIN6% ₹233 Cr 5,463,800
↑ 1,569,500 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK4% ₹130 Cr 819,900 Tata Steel Ltd (Basic Materials)
Equity, Since 29 Feb 20 | TATASTEEL3% ₹123 Cr 850,200
↑ 98,200 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Jul 21 | 5000343% ₹121 Cr 160,229
↑ 61,029 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 09 | TCS3% ₹119 Cr 315,000 Jubilant Foodworks Ltd (Consumer Cyclical)
Equity, Since 28 Feb 19 | JUBLFOOD3% ₹117 Cr 292,400 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Oct 19 | ULTRACEMCO3% ₹108 Cr 138,300 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 May 17 | HDFC3% ₹108 Cr 385,100
↑ 67,600
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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