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5 Best Performing ELSS Mutual Funds SIP 2024 for Tax Savings u/s 80c

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Best ELSS Mutual Funds for SIP Investment in 2024

Updated on July 15, 2024 , 4765 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

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Top 5 Best Performing ELSS Mutual Funds SIP FY 24 - 25

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 16.3% since its launch.  Ranked 1 in ELSS category.  Return for 2023 was 24% , 2022 was 5.9% and 2021 was 30.4% .

Below is the key information for Tata India Tax Savings Fund

Tata India Tax Savings Fund
Growth
Launch Date 13 Oct 14
NAV (16 Jul 24) ₹43.8239 ↓ -0.04   (-0.10 %)
Net Assets (Cr) ₹4,200 on 31 May 24
Category Equity - ELSS
AMC Tata Asset Management Limited
Rating
Risk Moderately High
Expense Ratio 1.75
Sharpe Ratio 1.95
Information Ratio -0.3
Alpha Ratio -2.52
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹8,557
30 Jun 21₹13,163
30 Jun 22₹13,502
30 Jun 23₹16,652
30 Jun 24₹22,717

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 ₹481,656.
Net Profit of ₹181,656
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 16 Jul 24

DurationReturns
1 Month 5.2%
3 Month 15.2%
6 Month 18.2%
1 Year 36.7%
3 Year 19.9%
5 Year 18.9%
10 Year
15 Year
Since launch 16.3%
Historical performance (Yearly) on absolute basis
YearReturns
2023 24%
2022 5.9%
2021 30.4%
2020 11.9%
2019 13.6%
2018 -8.4%
2017 46%
2016 2.1%
2015 13.3%
2014
Fund Manager information for Tata India Tax Savings Fund
NameSinceTenure
Sailesh Jain16 Dec 212.46 Yr.
Tejas Gutka9 Mar 213.23 Yr.

Data below for Tata India Tax Savings Fund as on 31 May 24

Equity Sector Allocation
SectorValue
Financial Services31.01%
Industrials16.17%
Consumer Cyclical14.07%
Basic Materials7.57%
Technology7.13%
Energy5.59%
Communication Services4.67%
Utility3.58%
Health Care3.03%
Real Estate2.89%
Consumer Defensive1.73%
Asset Allocation
Asset ClassValue
Cash2.55%
Equity97.45%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK
6%₹264 Cr1,725,000
↓ -435,000
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK
6%₹238 Cr2,125,000
↓ -200,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE
5%₹193 Cr675,000
State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN
4%₹181 Cr2,175,000
Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY
4%₹163 Cr1,160,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 532215
4%₹151 Cr1,300,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 16 | LT
3%₹129 Cr352,147
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 19 | BHARTIARTL
3%₹129 Cr940,000
NTPC Ltd (Utilities)
Equity, Since 30 Jun 21 | 532555
3%₹124 Cr3,451,000
Samvardhana Motherson International Ltd (Consumer Cyclical)
Equity, Since 30 Nov 22 | MOTHERSON
2%₹103 Cr6,800,000

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 19.2% since its launch.  Ranked 3 in ELSS category.  Return for 2023 was 28.3% , 2022 was 4.2% and 2021 was 49.2% .

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

IDFC Tax Advantage (ELSS) Fund
Growth
Launch Date 26 Dec 08
NAV (16 Jul 24) ₹154.076 ↑ 0.25   (0.16 %)
Net Assets (Cr) ₹6,432 on 30 Apr 24
Category Equity - ELSS
AMC IDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 1.95
Sharpe Ratio 2.78
Information Ratio 0.32
Alpha Ratio 3.8
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹8,220
30 Jun 21₹15,067
30 Jun 22₹15,376
30 Jun 23₹19,621
30 Jun 24₹26,285

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 ₹530,691.
Net Profit of ₹230,691
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 16 Jul 24

DurationReturns
1 Month 4.1%
3 Month 11.7%
6 Month 16%
1 Year 34.4%
3 Year 20.4%
5 Year 22.7%
10 Year
15 Year
Since launch 19.2%
Historical performance (Yearly) on absolute basis
YearReturns
2023 28.3%
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%
Fund Manager information for IDFC Tax Advantage (ELSS) Fund
NameSinceTenure
Daylynn Pinto20 Oct 167.62 Yr.
Ritika Behera7 Oct 230.65 Yr.

Data below for IDFC Tax Advantage (ELSS) Fund as on 30 Apr 24

Equity Sector Allocation
SectorValue
Financial Services27.42%
Industrials12.15%
Consumer Cyclical11.85%
Health Care8.89%
Basic Materials8.43%
Technology7.36%
Consumer Defensive7.19%
Energy5.96%
Communication Services3.18%
Utility3.05%
Real Estate1.53%
Asset Allocation
Asset ClassValue
Cash2.99%
Equity97.01%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK
6%₹360 Cr2,350,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK
5%₹336 Cr3,000,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE
5%₹315 Cr1,100,000
Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | 532215
4%₹267 Cr2,300,000
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
3%₹199 Cr2,400,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY
3%₹197 Cr1,400,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL
3%₹165 Cr1,200,000
Jindal Steel & Power Ltd (Basic Materials)
Equity, Since 31 Mar 18 | 532286
2%₹154 Cr1,500,000
NTPC Ltd (Utilities)
Equity, Since 30 Sep 22 | 532555
2%₹144 Cr4,000,000
CG Power & Industrial Solutions Ltd (Industrials)
Equity, Since 31 Aug 17 | 500093
2%₹142 Cr2,200,000

3. 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 16.1% since its launch.  Ranked 12 in ELSS category.  Return for 2023 was 30% , 2022 was 4.5% and 2021 was 35.1% .

Below is the key information for DSP BlackRock Tax Saver Fund

DSP BlackRock Tax Saver Fund
Growth
Launch Date 18 Jan 07
NAV (16 Jul 24) ₹136.799 ↑ 0.28   (0.21 %)
Net Assets (Cr) ₹15,161 on 31 May 24
Category Equity - ELSS
AMC DSP BlackRock Invmt Managers Pvt. Ltd.
Rating
Risk Moderately High
Expense Ratio 1.78
Sharpe Ratio 2.48
Information Ratio 0.31
Alpha Ratio 3.82
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹9,135
30 Jun 21₹15,068
30 Jun 22₹14,887
30 Jun 23₹18,323
30 Jun 24₹26,824

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 ₹543,623.
Net Profit of ₹243,623
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 16 Jul 24

DurationReturns
1 Month 6.2%
3 Month 19%
6 Month 23.5%
1 Year 49.5%
3 Year 21.6%
5 Year 23.2%
10 Year
15 Year
Since launch 16.1%
Historical performance (Yearly) on absolute basis
YearReturns
2023 30%
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%
Fund Manager information for DSP BlackRock Tax Saver Fund
NameSinceTenure
Rohit Singhania16 Jul 158.88 Yr.
Charanjit Singh1 May 231.09 Yr.

Data below for DSP BlackRock Tax Saver Fund as on 31 May 24

Equity Sector Allocation
SectorValue
Financial Services35.46%
Consumer Cyclical12.42%
Basic Materials8.5%
Industrials7.75%
Technology7.54%
Health Care7.16%
Consumer Defensive5.63%
Energy5.03%
Communication Services4.68%
Utility4.44%
Asset Allocation
Asset ClassValue
Cash1.39%
Equity98.61%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK
8%₹1,213 Cr7,919,371
↑ 205,610
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK
7%₹1,052 Cr9,383,047
↓ -798,158
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
4%₹681 Cr8,202,712
↓ -181,603
Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 532215
3%₹510 Cr4,388,649
↑ 195,192
Power Finance Corp Ltd (Financial Services)
Equity, Since 31 Dec 22 | 532810
3%₹461 Cr9,358,639
↓ -679,392
Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY
3%₹438 Cr3,110,228
↑ 727,996
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 30 Nov 21 | M&M
3%₹408 Cr1,628,374
↓ -399,217
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jul 19 | BHARTIARTL
2%₹370 Cr2,695,482
↑ 287,292
NTPC Ltd (Utilities)
Equity, Since 31 Jan 19 | 532555
2%₹358 Cr9,981,835
↑ 1,560,131
Samvardhana Motherson International Ltd (Consumer Cyclical)
Equity, Since 31 Dec 22 | MOTHERSON
2%₹353 Cr23,360,667
↓ -2,856,552

4. 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 15.1% since its launch.  Ranked 7 in ELSS category.  Return for 2023 was 28.4% , 2022 was -3% and 2021 was 30.3% .

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

L&T Tax Advantage Fund
Growth
Launch Date 27 Feb 06
NAV (16 Jul 24) ₹131.793 ↓ -0.14   (-0.11 %)
Net Assets (Cr) ₹3,950 on 31 May 24
Category Equity - ELSS
AMC L&T Investment Management Ltd
Rating
Risk Moderately High
Expense Ratio 1.98
Sharpe Ratio 2.63
Information Ratio 0.09
Alpha Ratio 6.68
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹8,729
30 Jun 21₹13,442
30 Jun 22₹12,685
30 Jun 23₹16,315
30 Jun 24₹23,717

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 ₹493,520.
Net Profit of ₹193,520
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 16 Jul 24

DurationReturns
1 Month 3.9%
3 Month 18.3%
6 Month 26.4%
1 Year 47.8%
3 Year 20.8%
5 Year 19.8%
10 Year
15 Year
Since launch 15.1%
Historical performance (Yearly) on absolute basis
YearReturns
2023 28.4%
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%
Fund Manager information for L&T Tax Advantage Fund
NameSinceTenure
Gautam Bhupal26 Nov 221.51 Yr.
Sonal Gupta21 Jul 212.87 Yr.
Abhishek Gupta1 Mar 240.25 Yr.

Data below for L&T Tax Advantage Fund as on 31 May 24

Equity Sector Allocation
SectorValue
Industrials24.12%
Financial Services22.44%
Consumer Cyclical16.57%
Technology8.96%
Energy5.84%
Basic Materials5.78%
Health Care4.61%
Utility3.83%
Real Estate3.15%
Consumer Defensive2.34%
Communication Services1.62%
Asset Allocation
Asset ClassValue
Cash0.75%
Equity99.25%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK
5%₹178 Cr1,162,500
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 21 | RELIANCE
4%₹154 Cr537,600
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jul 22 | LT
3%₹134 Cr365,400
↓ -32,800
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK
3%₹130 Cr1,155,500
CG Power & Industrial Solutions Ltd (Industrials)
Equity, Since 30 Apr 22 | 500093
2%₹93 Cr1,449,300
KPIT Technologies Ltd (Technology)
Equity, Since 30 Sep 21 | KPITTECH
2%₹89 Cr609,400
↓ -52,800
Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY
2%₹88 Cr622,100
Power Finance Corp Ltd (Financial Services)
Equity, Since 31 Dec 23 | 532810
2%₹82 Cr1,659,900
↑ 172,700
Trent Ltd (Consumer Cyclical)
Equity, Since 30 Nov 23 | 500251
2%₹81 Cr177,820
↓ -21,407
Persistent Systems Ltd (Technology)
Equity, Since 31 Jul 21 | PERSISTENT
2%₹80 Cr233,900

5. Aditya Birla Sun Life Tax Relief '96

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 CAGR/Annualized return of 11.5% since its launch.  Ranked 4 in ELSS category.  Return for 2023 was 18.9% , 2022 was -1.4% and 2021 was 12.7% .

Below is the key information for Aditya Birla Sun Life Tax Relief '96

Aditya Birla Sun Life Tax Relief '96
Growth
Launch Date 6 Mar 08
NAV (16 Jul 24) ₹59.34 ↑ 0.07   (0.12 %)
Net Assets (Cr) ₹15,481 on 31 May 24
Category Equity - ELSS
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk Moderately High
Expense Ratio 1.75
Sharpe Ratio 2.16
Information Ratio -2.03
Alpha Ratio -0.39
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹9,513
30 Jun 21₹12,885
30 Jun 22₹11,901
30 Jun 23₹13,875
30 Jun 24₹18,683

Aditya Birla Sun Life Tax Relief '96 SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹436,710.
Net Profit of ₹136,710
Invest Now

Returns for Aditya Birla Sun Life Tax Relief '96

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jul 24

DurationReturns
1 Month 4.2%
3 Month 15.4%
6 Month 18.6%
1 Year 35.1%
3 Year 13.3%
5 Year 14.5%
10 Year
15 Year
Since launch 11.5%
Historical performance (Yearly) on absolute basis
YearReturns
2023 18.9%
2022 -1.4%
2021 12.7%
2020 15.2%
2019 4.3%
2018 -4.5%
2017 43.2%
2016 3.4%
2015 9.2%
2014 54.6%
Fund Manager information for Aditya Birla Sun Life Tax Relief '96
NameSinceTenure
Atul Penkar31 Dec 212.42 Yr.
Dhaval Gala1 Apr 222.17 Yr.
Dhaval Joshi21 Nov 221.53 Yr.

Data below for Aditya Birla Sun Life Tax Relief '96 as on 31 May 24

Equity Sector Allocation
SectorValue
Financial Services25.26%
Consumer Cyclical18.63%
Industrials12.76%
Energy8.14%
Health Care7.92%
Basic Materials7.78%
Technology6.45%
Consumer Defensive5.95%
Communication Services3.57%
Utility1.32%
Real Estate0.79%
Asset Allocation
Asset ClassValue
Cash1.44%
Equity98.56%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
7%₹1,024 Cr9,137,798
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 21 | RELIANCE
6%₹875 Cr3,060,213
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK
5%₹845 Cr5,515,495
↓ -260,500
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Jun 08 | LT
5%₹769 Cr2,095,752
Infosys Ltd (Technology)
Equity, Since 30 Jun 08 | INFY
5%₹697 Cr4,956,429
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Dec 22 | BHARTIARTL
4%₹552 Cr4,023,420
Honeywell Automation India Ltd (Industrials)
Equity, Since 30 Jun 08 | HONAUT
3%₹506 Cr98,404
Fortis Healthcare Ltd (Healthcare)
Equity, Since 31 Jan 20 | 532843
3%₹397 Cr8,360,144
Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 08 | 532215
3%₹394 Cr3,388,737
TVS Holdings Ltd (Consumer Cyclical)
Equity, Since 31 Aug 23 | 520056
2%₹372 Cr322,882
↓ -12,374

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.
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