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Best ELSS Mutual Funds for SIP Investment in 2020
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
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 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 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 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 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 Below is the key information for Aditya Birla Sun Life Tax Relief '96 Returns up to 1 year are on 1. Tata India Tax Savings Fund
CAGR/Annualized return of 13.3% since its launch. Ranked 1 in ELSS category. Return for 2019 was 13.6% , 2018 was -8.4% and 2017 was 46% . Tata India Tax Savings Fund
Growth Launch Date 13 Oct 14 NAV (21 Jan 20) ₹19.3626 ↓ -0.07 (-0.36 %) Net Assets (Cr) ₹2,094 on 31 Dec 19 Category Equity - ELSS AMC Tata Asset Management Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.08 Sharpe Ratio 0.79 Information Ratio -0.26 Alpha Ratio -3.75 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 14 ₹10,000 31 Dec 15 ₹11,331 31 Dec 16 ₹11,574 31 Dec 17 ₹16,898 31 Dec 18 ₹15,482 31 Dec 19 ₹17,586 Returns for Tata India Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Jan 20 Duration Returns 1 Month 0.2% 3 Month 5.3% 6 Month 7.2% 1 Year 14.2% 3 Year 13.3% 5 Year 11% 10 Year 15 Year Since launch 13.3% Historical performance (Yearly) on absolute basis
Year Returns 2018 13.6% 2017 -8.4% 2016 46% 2015 2.1% 2014 13.3% 2013 2012 2011 2010 2009 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 31 Dec 19
Equity Sector Allocation
Sector Value Financial Services 45.76% Energy 10.3% Industrials 9.78% Technology 8.66% Consumer Cyclical 8.53% Health Care 5.45% Basic Materials 3.28% Consumer Defensive 3.06% Communication Services 2.04% Real Estate 0.75% Asset Allocation
Asset Class Value Cash 2.49% Equity 97.59% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK10% ₹205 Cr 4,000,000
↓ -100,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN9% ₹182 Cr 5,325,000 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK8% ₹163 Cr 1,282,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC6% ₹130 Cr 565,000 Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY6% ₹117 Cr 1,680,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE5% ₹113 Cr 730,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322155% ₹111 Cr 1,500,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 15 | KOTAKBANK4% ₹80 Cr 495,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 18 | TCS3% ₹62 Cr 300,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Dec 16 | 5000343% ₹61 Cr 150,000 2. IDFC Tax Advantage (ELSS) Fund
CAGR/Annualized return of 16.9% since its launch. Ranked 3 in ELSS category. Return for 2019 was 1.9% , 2018 was -9.4% and 2017 was 53.4% . IDFC Tax Advantage (ELSS) Fund
Growth Launch Date 26 Dec 08 NAV (21 Jan 20) ₹56.52 ↓ -0.08 (-0.14 %) Net Assets (Cr) ₹2,119 on 31 Dec 19 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.22 Sharpe Ratio -0.01 Information Ratio -0.39 Alpha Ratio -9.84 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 14 ₹10,000 31 Dec 15 ₹10,690 31 Dec 16 ₹10,734 31 Dec 17 ₹16,461 31 Dec 18 ₹14,913 31 Dec 19 ₹15,203 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Jan 20 Duration Returns 1 Month 3.2% 3 Month 6.4% 6 Month 5% 1 Year 6.9% 3 Year 11.5% 5 Year 8.2% 10 Year 15 Year Since launch 16.9% Historical performance (Yearly) on absolute basis
Year Returns 2018 1.9% 2017 -9.4% 2016 53.4% 2015 0.4% 2014 6.9% 2013 42.2% 2012 15% 2011 36.2% 2010 -23.3% 2009 24% Fund Manager information for IDFC Tax Advantage (ELSS) Fund
Name Since Tenure Daylynn Pinto 20 Oct 16 2.61 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 31 Dec 19
Equity Sector Allocation
Sector Value Financial Services 28.9% Industrials 16.45% Basic Materials 13.02% Consumer Cyclical 12.58% Technology 7.57% Energy 6.24% Health Care 4.2% Consumer Defensive 3.95% Utility 1.41% Communication Services 0.66% Asset Allocation
Asset Class Value Cash 4.36% Equity 95.63% Other 0.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK8% ₹167 Cr 3,250,000
↓ -50,000 Triparty Repo
CBLO/Reverse Repo | -4% ₹93 Cr State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN4% ₹92 Cr 2,700,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK4% ₹87 Cr 680,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE4% ₹85 Cr 550,000
↑ 50,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY4% ₹77 Cr 1,100,000
↑ 240,000 Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 18 | 5322154% ₹74 Cr 1,000,000 RBL Bank Ltd (Financial Services)
Equity, Since 31 Aug 16 | RBLBANK3% ₹60 Cr 1,600,000
↑ 75,000 Future Retail Ltd (Consumer Cyclical)
Equity, Since 31 Aug 16 | FRETAIL2% ₹47 Cr 1,375,000 KEC International Ltd (Industrials)
Equity, Since 30 Sep 15 | 5327142% ₹47 Cr 1,650,000
↑ 75,000 3. DSP BlackRock Tax Saver Fund
CAGR/Annualized return of 13.6% since its launch. Ranked 12 in ELSS category. Return for 2019 was 14.8% , 2018 was -7.6% and 2017 was 36.3% . DSP BlackRock Tax Saver Fund
Growth Launch Date 18 Jan 07 NAV (21 Jan 20) ₹52.33 ↓ -0.13 (-0.25 %) Net Assets (Cr) ₹6,260 on 31 Dec 19 Category Equity - ELSS AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.11 Sharpe Ratio 0.88 Information Ratio -0.16 Alpha Ratio 5.16 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 14 ₹10,000 31 Dec 15 ₹10,440 31 Dec 16 ₹11,617 31 Dec 17 ₹15,833 31 Dec 18 ₹14,623 31 Dec 19 ₹16,792 Returns for DSP BlackRock Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Jan 20 Duration Returns 1 Month 1.4% 3 Month 4.3% 6 Month 10.9% 1 Year 16.8% 3 Year 11.9% 5 Year 10.1% 10 Year 15 Year Since launch 13.6% Historical performance (Yearly) on absolute basis
Year Returns 2018 14.8% 2017 -7.6% 2016 36.3% 2015 11.3% 2014 4.4% 2013 52.2% 2012 6.7% 2011 39.8% 2010 -26.7% 2009 23.3% Fund Manager information for DSP BlackRock Tax Saver Fund
Name Since Tenure Rohit Singhania 16 Jul 15 3.55 Yr. Data below for DSP BlackRock Tax Saver Fund as on 31 Dec 19
Equity Sector Allocation
Sector Value Financial Services 37.24% Energy 11.38% Technology 8.48% Basic Materials 7.41% Consumer Cyclical 6.77% Industrials 6.61% Health Care 6.27% Communication Services 5.64% Utility 3.7% Consumer Defensive 2.73% Real Estate 1.41% Asset Allocation
Asset Class Value Cash 2.36% Equity 97.64% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK8% ₹483 Cr 3,789,477
↓ -600,372 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK7% ₹463 Cr 9,034,351
↓ -1,881,814 State Bank of India (Financial Services)
Equity, Since 30 Sep 19 | SBIN5% ₹313 Cr 9,145,279
↑ 3,393,248 Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY5% ₹307 Cr 4,407,883
↑ 1,007,481 Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 5322155% ₹299 Cr 4,049,346
↑ 547,139 Reliance Industries Ltd (Energy)
Equity, Since 31 May 15 | RELIANCE4% ₹256 Cr 1,652,081
↓ -5,403 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jul 19 | BHARTIARTL4% ₹256 Cr 5,781,056
↑ 1,464,051 Treps / Reverse Repo Investments / Corporate Debt Repo
CBLO/Reverse Repo | -3% ₹166 Cr Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 16 | LT3% ₹161 Cr 1,209,233
↓ -50,819 Bharat Petroleum Corp Ltd (Energy)
Equity, Since 30 Sep 19 | 5005472% ₹149 Cr 2,916,234
↑ 230,917 4. L&T Tax Advantage Fund
CAGR/Annualized return of 13.3% since its launch. Ranked 7 in ELSS category. Return for 2019 was 4.6% , 2018 was -8.1% and 2017 was 42.3% . L&T Tax Advantage Fund
Growth Launch Date 27 Feb 06 NAV (21 Jan 20) ₹56.752 ↓ -0.18 (-0.31 %) Net Assets (Cr) ₹3,382 on 31 Dec 19 Category Equity - ELSS AMC L&T Investment Management Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.21 Sharpe Ratio 0.15 Information Ratio -0.82 Alpha Ratio -6.06 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 14 ₹10,000 31 Dec 15 ₹10,290 31 Dec 16 ₹11,127 31 Dec 17 ₹15,830 31 Dec 18 ₹14,551 31 Dec 19 ₹15,227 Returns for L&T Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Jan 20 Duration Returns 1 Month 2.4% 3 Month 6.9% 6 Month 8.9% 1 Year 9.3% 3 Year 10.5% 5 Year 8.3% 10 Year 15 Year Since launch 13.3% Historical performance (Yearly) on absolute basis
Year Returns 2018 4.6% 2017 -8.1% 2016 42.3% 2015 8.1% 2014 2.9% 2013 44.8% 2012 6.8% 2011 27.4% 2010 -21.8% 2009 29.2% Fund Manager information for L&T Tax Advantage Fund
Name Since Tenure S.N. Lahiri 24 Nov 12 7.02 Yr. Venugopal Manghat 17 Dec 19 0 Yr. Data below for L&T Tax Advantage Fund as on 31 Dec 19
Equity Sector Allocation
Sector Value Financial Services 36.52% Technology 11.33% Basic Materials 11.1% Health Care 9.37% Consumer Cyclical 8.75% Industrials 8.06% Energy 4.6% Consumer Defensive 3.93% Communication Services 3.61% Utility 0.61% Asset Allocation
Asset Class Value Cash 2.72% Equity 97.88% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK8% ₹256 Cr 4,984,600 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK7% ₹223 Cr 1,751,800 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 09 | TCS5% ₹153 Cr 747,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCE4% ₹132 Cr 853,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | KOTAKBANK4% ₹124 Cr 765,100 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 06 | LT3% ₹113 Cr 853,000 HCL Technologies Ltd (Technology)
Equity, Since 30 Sep 17 | HCLTECH3% ₹99 Cr 879,200
↓ -20,500 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 17 | BHARTIARTL3% ₹98 Cr 2,214,200
↓ -487,611 Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY3% ₹95 Cr 1,370,200 (A) Tri Party Repo Dealing System (Treps)
CBLO/Reverse Repo | -3% ₹93 Cr 5. Aditya Birla Sun Life Tax Relief '96
CAGR/Annualized return of 10.5% since its launch. Ranked 4 in ELSS category. Return for 2019 was 4.3% , 2018 was -4.5% and 2017 was 43.2% . Aditya Birla Sun Life Tax Relief '96
Growth Launch Date 6 Mar 08 NAV (21 Jan 20) ₹32.66 ↑ 0.01 (0.03 %) Net Assets (Cr) ₹10,029 on 31 Dec 19 Category Equity - ELSS AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.17 Sharpe Ratio 0.13 Information Ratio -0.35 Alpha Ratio -6.05 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 14 ₹10,000 31 Dec 15 ₹10,919 31 Dec 16 ₹11,288 31 Dec 17 ₹16,161 31 Dec 18 ₹15,427 31 Dec 19 ₹16,086 Returns for Aditya Birla Sun Life Tax Relief '96
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Jan 20 Duration Returns 1 Month 0.5% 3 Month 6% 6 Month 10.5% 1 Year 6.8% 3 Year 12.3% 5 Year 9% 10 Year 15 Year Since launch 10.5% Historical performance (Yearly) on absolute basis
Year Returns 2018 4.3% 2017 -4.5% 2016 43.2% 2015 3.4% 2014 9.2% 2013 54.6% 2012 9.1% 2011 36.6% 2010 -29.6% 2009 13.5% Fund Manager information for Aditya Birla Sun Life Tax Relief '96
Name Since Tenure Ajay Garg 1 Oct 06 12.84 Yr. Data below for Aditya Birla Sun Life Tax Relief '96 as on 31 Dec 19
Equity Sector Allocation
Sector Value Financial Services 24.61% Health Care 14.41% Consumer Cyclical 12.73% Industrials 12.27% Basic Materials 11.87% Energy 9.35% Consumer Defensive 8.32% Technology 4.32% Asset Allocation
Asset Class Value Cash 2.13% Equity 97.87% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 08 | RELIANCE9% ₹935 Cr 6,028,079
↑ 15,143 Honeywell Automation India Ltd (Industrials)
Equity, Since 30 Jun 08 | 5171748% ₹812 Cr 292,357
↑ 1,042 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFC8% ₹809 Cr 3,522,583 Pfizer Ltd (Healthcare)
Equity, Since 30 Apr 11 | PFIZER7% ₹672 Cr 1,623,958 Gillette India Ltd (Consumer Defensive)
Equity, Since 30 Jun 14 | GILLETTE6% ₹603 Cr 878,672 GlaxoSmithKline Pharmaceuticals Ltd (Healthcare)
Equity, Since 31 Mar 10 | 5006605% ₹546 Cr 3,255,027
↑ 161,677 Bayer CropScience Ltd (Basic Materials)
Equity, Since 31 Aug 11 | 5062855% ₹461 Cr 1,239,841
↑ 28,495 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | KOTAKBANK4% ₹424 Cr 2,626,017 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Jun 08 | LT4% ₹379 Cr 2,850,078
↑ 156,810 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK3% ₹294 Cr 2,308,258
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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