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5 Best Performing ELSS Mutual Funds SIP 2020 for Tax Savings u/s 80c

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Best ELSS Mutual Funds for SIP Investment in 2020

Updated on October 17, 2020 , 1130 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 20 - 21

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 15.4% since its launch.  Ranked 3 in ELSS category.  Return for 2019 was 1.9% , 2018 was -9.4% and 2017 was 53.4% .

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

IDFC Tax Advantage (ELSS) Fund
Growth
Launch Date 26 Dec 08
NAV (19 Oct 20) ₹54.37 ↑ 0.32   (0.59 %)
Net Assets (Cr) ₹2,228 on 30 Sep 20
Category Equity - ELSS
AMC IDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 2.22
Sharpe Ratio 0.1
Information Ratio -0.68
Alpha Ratio 2.26
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Sep 15₹10,000
30 Sep 16₹10,987
30 Sep 17₹13,999
30 Sep 18₹14,223
30 Sep 19₹14,060
30 Sep 20₹14,192

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 ₹367,070.
Net Profit of ₹67,070
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 19 Oct 20

DurationReturns
1 Month -1.4%
3 Month 10.2%
6 Month 30.5%
1 Year 2.4%
3 Year -0.1%
5 Year 7%
10 Year
15 Year
Since launch 15.4%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2010 24%
Fund Manager information for IDFC Tax Advantage (ELSS) Fund
NameSinceTenure
Daylynn Pinto20 Oct 163.95 Yr.

Data below for IDFC Tax Advantage (ELSS) Fund as on 30 Sep 20

Equity Sector Allocation
SectorValue
Financial Services18.67%
Consumer Cyclical13.98%
Technology13.38%
Industrials12.61%
Health Care11.01%
Basic Materials10.74%
Energy6.94%
Consumer Defensive6.61%
Communication Services3.21%
Utility0.35%
Asset Allocation
Asset ClassValue
Cash2.48%
Equity97.51%
Other0%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY
6%₹136 Cr1,350,000
↑ 150,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK
6%₹128 Cr3,600,000
↓ -300,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE
6%₹123 Cr550,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK
4%₹86 Cr800,000
Deepak Nitrite Ltd (Basic Materials)
Equity, Since 31 Mar 17 | 506401
4%₹82 Cr1,000,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL
3%₹72 Cr1,700,000
Ipca Laboratories Ltd (Healthcare)
Equity, Since 30 Nov 18 | 524494
3%₹63 Cr290,000
KEC International Ltd (Industrials)
Equity, Since 30 Sep 15 | 532714
3%₹62 Cr1,800,000
ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 20 | ITC
3%₹58 Cr3,400,000
↑ 700,000
Mastek Ltd (Technology)
Equity, Since 31 Jan 17 | 523704
2%₹53 Cr615,000
↓ -15,000

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 10.8% since its launch.  Ranked 1 in ELSS category.  Return for 2019 was 13.6% , 2018 was -8.4% and 2017 was 46% .

Below is the key information for Tata India Tax Savings Fund

Tata India Tax Savings Fund
Growth
Launch Date 13 Oct 14
NAV (19 Oct 20) ₹18.5008 ↑ 0.18   (1.00 %)
Net Assets (Cr) ₹2,070 on 30 Sep 20
Category Equity - ELSS
AMC Tata Asset Management Limited
Rating
Risk Moderately High
Expense Ratio 1.97
Sharpe Ratio -0.08
Information Ratio -0.82
Alpha Ratio -2.56
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Sep 15₹10,000
30 Sep 16₹11,735
30 Sep 17₹13,969
30 Sep 18₹13,707
30 Sep 19₹15,363
30 Sep 20₹14,906

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 ₹376,357.
Net Profit of ₹76,357
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 19 Oct 20

DurationReturns
1 Month 1.7%
3 Month 9.2%
6 Month 23.9%
1 Year 0.6%
3 Year 2.7%
5 Year 8.7%
10 Year
15 Year
Since launch 10.8%
Historical performance (Yearly) on absolute basis
YearReturns
2019 13.6%
2018 -8.4%
2017 46%
2016 2.1%
2015 13.3%
2014
2013
2012
2011
2010
Fund Manager information for Tata India Tax Savings Fund
NameSinceTenure
Rupesh Patel1 Apr 155.51 Yr.
Ennette Fernandes18 Jun 182.29 Yr.

Data below for Tata India Tax Savings Fund as on 30 Sep 20

Equity Sector Allocation
SectorValue
Financial Services28.61%
Energy17.88%
Technology11.9%
Consumer Cyclical9.98%
Health Care8.14%
Industrials6.35%
Basic Materials6.29%
Communication Services4.27%
Consumer Defensive3.27%
Real Estate0.57%
Asset Allocation
Asset ClassValue
Cash2.93%
Equity97.27%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE
15%₹304 Cr1,360,000
↓ -20,000
Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY
10%₹199 Cr1,970,000
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK
8%₹162 Cr1,500,000
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK
7%₹145 Cr4,100,000
State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN
5%₹99 Cr5,325,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 19 | BHARTIARTL
4%₹88 Cr2,100,000
↓ -200,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC
4%₹82 Cr470,000
↓ -95,000
Jubilant Foodworks Ltd (Consumer Cyclical)
Equity, Since 31 Jul 18 | JUBLFOOD
3%₹66 Cr280,000
Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 17 | DIVISLAB
3%₹61 Cr200,000
↓ -15,000
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | M&M
3%₹61 Cr1,000,000

3. 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 9.7% since its launch.  Ranked 4 in ELSS category.  Return for 2019 was 4.3% , 2018 was -4.5% and 2017 was 43.2% .

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 (19 Oct 20) ₹32.15 ↑ 0.17   (0.53 %)
Net Assets (Cr) ₹11,123 on 30 Sep 20
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 -0.3
Alpha Ratio 2.41
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Sep 15₹10,000
30 Sep 16₹11,382
30 Sep 17₹13,580
30 Sep 18₹14,528
30 Sep 19₹14,325
30 Sep 20₹14,948

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 ₹376,357.
Net Profit of ₹76,357
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 19 Oct 20

DurationReturns
1 Month -0.6%
3 Month 7.1%
6 Month 20.7%
1 Year 4.4%
3 Year 2.3%
5 Year 8.1%
10 Year
15 Year
Since launch 9.7%
Historical performance (Yearly) on absolute basis
YearReturns
2019 4.3%
2018 -4.5%
2017 43.2%
2016 3.4%
2015 9.2%
2014 54.6%
2013 9.1%
2012 36.6%
2011 -29.6%
2010 13.5%
Fund Manager information for Aditya Birla Sun Life Tax Relief '96
NameSinceTenure
Ajay Garg1 Oct 0614.01 Yr.

Data below for Aditya Birla Sun Life Tax Relief '96 as on 30 Sep 20

Equity Sector Allocation
SectorValue
Financial Services22.23%
Health Care18%
Industrials14.41%
Basic Materials13.56%
Consumer Cyclical7.31%
Consumer Defensive7.21%
Technology5.37%
Energy3.62%
Asset Allocation
Asset ClassValue
Cash3.13%
Equity96.87%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Honeywell Automation India Ltd (Industrials)
Equity, Since 30 Jun 08 | 517174
9%₹989 Cr303,523
Pfizer Ltd (Healthcare)
Equity, Since 30 Apr 11 | PFIZER
8%₹904 Cr1,845,455
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFC
8%₹856 Cr4,920,275
↑ 5,430
Bayer CropScience Ltd (Basic Materials)
Equity, Since 31 Aug 11 | 506285
7%₹796 Cr1,351,257
Reliance Industries Limited
Equity, Since 30 Jun 20 | -
5%₹575 Cr4,279,740
↑ 125,100
GlaxoSmithKline Pharmaceuticals Ltd (Healthcare)
Equity, Since 31 Mar 10 | 500660
5%₹575 Cr3,649,454
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | KOTAKBANK
5%₹553 Cr4,361,195
↑ 18,000
Gillette India Ltd (Consumer Defensive)
Equity, Since 30 Jun 14 | GILLETTE
4%₹475 Cr890,309
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 08 | RELIANCE
4%₹402 Cr1,800,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Jun 08 | LT
3%₹358 Cr3,968,864

4. 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% since its launch.  Ranked 8 in ELSS category.  Return for 2019 was 2.5% , 2018 was -9.2% and 2017 was 48.8% .

Below is the key information for Principal Tax Savings Fund

Principal Tax Savings Fund
Growth
Launch Date 31 Mar 96
NAV (19 Oct 20) ₹206.23 ↑ 2.28   (1.12 %)
Net Assets (Cr) ₹398 on 30 Sep 20
Category Equity - ELSS
AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd.
Rating
Risk Moderately High
Expense Ratio 2.56
Sharpe Ratio 0.02
Information Ratio -0.88
Alpha Ratio -0.96
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Sep 15₹10,000
30 Sep 16₹11,825
30 Sep 17₹14,459
30 Sep 18₹14,757
30 Sep 19₹14,581
30 Sep 20₹14,669

Principal 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 ₹367,070.
Net Profit of ₹67,070
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 19 Oct 20

DurationReturns
1 Month 1.2%
3 Month 7.6%
6 Month 24.4%
1 Year 3.4%
3 Year 0%
5 Year 7.7%
10 Year
15 Year
Since launch 15%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2010 15%
Fund Manager information for Principal Tax Savings Fund
NameSinceTenure
Sudhir Kedia29 Oct 190.92 Yr.

Data below for Principal Tax Savings Fund as on 30 Sep 20

Equity Sector Allocation
SectorValue
Financial Services25.65%
Technology13.24%
Consumer Defensive11.13%
Industrials9.05%
Energy8.47%
Consumer Cyclical8.39%
Health Care8.09%
Basic Materials7.73%
Utility3.22%
Communication Services2.24%
Asset Allocation
Asset ClassValue
Cash1.81%
Equity98.19%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK
8%₹31 Cr286,001
↑ 18,430
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
6%₹24 Cr688,956
↑ 23,435
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 08 | RELIANCE
6%₹22 Cr98,359
↓ -36,893
Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY
5%₹20 Cr194,950
↓ -15,010
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 14 | TCS
4%₹16 Cr63,649
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 13 | LT
3%₹13 Cr144,140
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jan 16 | KOTAKBANK
3%₹12 Cr95,263
↑ 12,365
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Apr 20 | 500696
3%₹10 Cr48,180
Nestle India Ltd (Consumer Defensive)
Equity, Since 31 Jul 20 | NESTLEIND
2%₹9 Cr5,675
↑ 515
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 18 | BHARTIARTL
2%₹9 Cr212,010
↑ 7,815

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 12.2% since its launch.  Ranked 7 in ELSS category.  Return for 2019 was 4.6% , 2018 was -8.1% and 2017 was 42.3% .

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

L&T Tax Advantage Fund
Growth
Launch Date 27 Feb 06
NAV (19 Oct 20) ₹53.98 ↑ 0.30   (0.56 %)
Net Assets (Cr) ₹3,087 on 30 Sep 20
Category Equity - ELSS
AMC L&T Investment Management Ltd
Rating
Risk Moderately High
Expense Ratio 2.04
Sharpe Ratio 0.05
Information Ratio -1.14
Alpha Ratio 0.21
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Sep 15₹10,000
30 Sep 16₹11,313
30 Sep 17₹13,967
30 Sep 18₹14,109
30 Sep 19₹13,963
30 Sep 20₹14,041

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 ₹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 19 Oct 20

DurationReturns
1 Month 0.5%
3 Month 9.7%
6 Month 25.1%
1 Year 1.7%
3 Year 0.1%
5 Year 7.1%
10 Year
15 Year
Since launch 12.2%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2010 29.2%
Fund Manager information for L&T Tax Advantage Fund
NameSinceTenure
Venugopal Manghat17 Dec 190.79 Yr.
Vihang Naik17 Dec 190.79 Yr.

Data below for L&T Tax Advantage Fund as on 30 Sep 20

Equity Sector Allocation
SectorValue
Financial Services20.96%
Health Care14.97%
Technology14.27%
Basic Materials13.38%
Consumer Cyclical12.7%
Energy6.82%
Industrials5.37%
Consumer Defensive5.31%
Communication Services1.86%
Asset Allocation
Asset ClassValue
Cash3.5%
Equity96.48%
Other0.02%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCE
6%₹183 Cr818,000
HCL Technologies Ltd (Technology)
Equity, Since 30 Sep 17 | HCLTECH
5%₹143 Cr1,758,400
Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY
4%₹138 Cr1,370,200
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK
4%₹128 Cr3,605,800
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 09 | TCS
4%₹123 Cr491,900
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK
3%₹92 Cr853,400
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | KOTAKBANK
3%₹86 Cr675,107
Abbott India Ltd (Healthcare)
Equity, Since 28 Feb 19 | 500488
3%₹82 Cr50,000
Emami Ltd (Consumer Defensive)
Equity, Since 30 Jun 19 | 531162
3%₹82 Cr2,333,743
ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 07 | ITC
3%₹82 Cr4,771,387

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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