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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
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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 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 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 1. IDFC Tax Advantage (ELSS) Fund
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% . 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 Returns for IDFC Tax Advantage (ELSS) Fund
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 | ICICIBANK8% ₹282 Cr 3,800,000
↑ 100,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY6% ₹219 Cr 1,400,000 State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN5% ₹174 Cr 3,500,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE4% ₹153 Cr 550,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK4% ₹145 Cr 1,050,000
↑ 100,000 Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS3% ₹123 Cr 2,800,000 Greenpanel Industries Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 31 Jul 19 | GREENPANEL3% ₹120 Cr 1,976,440
↓ -123,560 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL3% ₹103 Cr 1,400,000 Deepak Nitrite Ltd (Basic Materials)
Equity, Since 31 Mar 17 | DEEPAKNTR3% ₹100 Cr 430,000
↓ -10,000 Jindal Steel & Power Ltd (Basic Materials)
Equity, Since 31 Mar 18 | JINDALSTEL3% ₹96 Cr 1,784,695
↓ -15,305 2. Tata India Tax Savings Fund
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% . 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 Returns for Tata India Tax Savings Fund
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 | ICICIBANK7% ₹208 Cr 2,800,000
↓ -520,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE6% ₹188 Cr 675,000 Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY6% ₹182 Cr 1,160,000
↓ -190,000 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK6% ₹181 Cr 1,305,000
↑ 170,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN6% ₹171 Cr 3,450,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC4% ₹128 Cr 575,000
↑ 105,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | AXISBANK4% ₹107 Cr 1,465,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 19 | BHARTIARTL3% ₹94 Cr 1,275,000 KEI Industries Ltd (Industrials)
Equity, Since 30 Jun 21 | KEI2% ₹68 Cr 563,824 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 16 | LT2% ₹66 Cr 390,000 3. Principal Tax Savings Fund
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% . 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 Returns for Principal Tax Savings Fund
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 | ICICIBANK8% ₹76 Cr 1,044,215 Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY7% ₹66 Cr 346,446
↓ -20,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK5% ₹49 Cr 335,117 Polycab India Ltd (Industrials)
Equity, Since 30 Nov 20 | POLYCAB4% ₹41 Cr 172,375 State Bank of India (Financial Services)
Equity, Since 30 Apr 05 | SBIN4% ₹39 Cr 787,020
↑ 77,425 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 21 | RELIANCE4% ₹36 Cr 137,512 Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 17 | 5322153% ₹31 Cr 410,005
↑ 30,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 14 | TCS3% ₹31 Cr 83,073
↓ -821 Ashok Leyland Ltd (Industrials)
Equity, Since 31 Aug 20 | 5004773% ₹28 Cr 2,405,310
↑ 90,000 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Oct 19 | MARUTI3% ₹24 Cr 31,194 4. DSP BlackRock Tax Saver Fund
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% . 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 Returns for DSP BlackRock Tax Saver Fund
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 | ICICIBANK9% ₹915 Cr 12,314,497
↑ 136,012 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK8% ₹756 Cr 5,456,452
↑ 564,039 Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY7% ₹709 Cr 4,522,740
↑ 126,850 Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | AXISBANK7% ₹640 Cr 8,783,608
↑ 127,811 State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN5% ₹504 Cr 10,158,698
↑ 687,305 SBI Life Insurance Company Limited (Financial Services)
Equity, Since 30 Jun 20 | SBILIFE3% ₹273 Cr 2,468,846 NTPC Ltd (Utilities)
Equity, Since 31 Jan 19 | NTPC3% ₹272 Cr 17,387,006
↑ 1,705,727 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jul 19 | BHARTIARTL3% ₹260 Cr 3,522,557 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Apr 20 | SUNPHARMA3% ₹259 Cr 2,786,716
↑ 164,235 HCL Technologies Ltd (Technology)
Equity, Since 31 Mar 21 | HCLTECH2% ₹238 Cr 2,204,994 5. L&T Tax Advantage Fund
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% . 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 Returns for L&T Tax Advantage Fund
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 | RELIANCE10% ₹312 Cr 1,118,400 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK8% ₹266 Cr 3,572,500 Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY7% ₹220 Cr 1,400,900
↑ 71,700 State Bank of India (Financial Services)
Equity, Since 31 Jan 19 | SBIN5% ₹171 Cr 3,445,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Jul 21 | BAJFINANCE4% ₹123 Cr 184,200 Titan Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 21 | TITAN4% ₹122 Cr 496,500 Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 21 | INDHOTEL4% ₹116 Cr 4,540,577 Persistent Systems Ltd (Technology)
Equity, Since 31 Jul 21 | PERSISTENT3% ₹101 Cr 234,400
↑ 38,900 Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 Oct 21 | TATAMOTORS3% ₹91 Cr 2,075,100
↓ -231,500 SRF Ltd (Basic Materials)
Equity, Since 31 Jul 21 | SRF3% ₹87 Cr 344,800