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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 April 6, 2020 , 807 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. 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 6.3% 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 (08 Apr 20) ₹14.0071 ↓ -0.04   (-0.25 %)
Net Assets (Cr) ₹2,060 on 29 Feb 20
Category Equity - ELSS
AMC Tata Asset Management Limited
Rating
Risk Moderately High
Expense Ratio 2.08
Sharpe Ratio 0.46
Information Ratio -0.3
Alpha Ratio 0.94
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Mar 15₹10,000
31 Mar 16₹9,815
31 Mar 17₹12,397
31 Mar 18₹14,144
31 Mar 19₹15,272
31 Mar 20₹11,620

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 ₹323,701.
Net Profit of ₹23,701
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 8 Apr 20

DurationReturns
1 Month -21.5%
3 Month -26.3%
6 Month -20.5%
1 Year -22.4%
3 Year -2.3%
5 Year 2.7%
10 Year
15 Year
Since launch 6.3%
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 154.59 Yr.
Ennette Fernandes18 Jun 181.37 Yr.

Data below for Tata India Tax Savings Fund as on 29 Feb 20

Equity Sector Allocation
SectorValue
Financial Services40.83%
Consumer Cyclical10.91%
Energy9.34%
Technology8.88%
Industrials8.03%
Basic Materials4.57%
Health Care4.13%
Communication Services2.92%
Consumer Defensive2.34%
Real Estate0.84%
Asset Allocation
Asset ClassValue
Cash7.19%
Equity92.81%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK
9%₹189 Cr3,800,000
State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN
8%₹161 Cr5,325,000
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK
7%₹151 Cr1,282,000
(A) Treps
CBLO/Reverse Repo | -
6%₹125 Cr
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC
6%₹123 Cr565,000
Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY
6%₹123 Cr1,680,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE
6%₹116 Cr870,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 532215
5%₹105 Cr1,500,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 19 | BHARTIARTL
3%₹60 Cr1,150,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 18 | TCS
3%₹60 Cr300,000

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 12.7% 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 (08 Apr 20) ₹38.41 ↑ 0.16   (0.42 %)
Net Assets (Cr) ₹2,060 on 29 Feb 20
Category Equity - ELSS
AMC IDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 2.22
Sharpe Ratio -0.02
Information Ratio -0.34
Alpha Ratio -2.93
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Mar 15₹10,000
31 Mar 16₹8,992
31 Mar 17₹11,463
31 Mar 18₹14,033
31 Mar 19₹14,163
31 Mar 20₹9,325

IDFC Tax Advantage (ELSS) Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%

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 8 Apr 20

DurationReturns
1 Month -25.3%
3 Month -29.8%
6 Month -24.7%
1 Year -31.7%
3 Year -6.3%
5 Year -1.4%
10 Year
15 Year
Since launch 12.7%
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 163.2 Yr.

Data below for IDFC Tax Advantage (ELSS) Fund as on 29 Feb 20

Equity Sector Allocation
SectorValue
Financial Services29.01%
Industrials16.64%
Consumer Cyclical13.29%
Basic Materials11.95%
Technology8.18%
Energy5.77%
Health Care4.88%
Consumer Defensive3.02%
Communication Services1.4%
Utility1.19%
Asset Allocation
Asset ClassValue
Cash3.98%
Equity96.02%
Other0%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK
8%₹159 Cr3,200,000
Triparty Repo
CBLO/Reverse Repo | -
4%₹85 Cr
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE
4%₹83 Cr625,000
↑ 25,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY
4%₹82 Cr1,125,000
State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN
4%₹82 Cr2,700,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK
4%₹80 Cr680,000
Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 18 | 532215
3%₹70 Cr1,000,000
RBL Bank Ltd (Financial Services)
Equity, Since 31 Aug 16 | RBLBANK
3%₹54 Cr1,850,000
Deepak Nitrite Ltd (Basic Materials)
Equity, Since 31 Mar 17 | 506401
2%₹51 Cr1,110,000
↓ -70,000
KEC International Ltd (Industrials)
Equity, Since 30 Sep 15 | 532714
2%₹51 Cr1,650,000

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 8% 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 (08 Apr 20) ₹25.25 ↑ 0.13   (0.52 %)
Net Assets (Cr) ₹10,073 on 29 Feb 20
Category Equity - ELSS
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk Moderately High
Expense Ratio 2.17
Sharpe Ratio 0.17
Information Ratio 0.12
Alpha Ratio 0.23
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Mar 15₹10,000
31 Mar 16₹9,646
31 Mar 17₹11,882
31 Mar 18₹14,041
31 Mar 19₹14,625
31 Mar 20₹11,454

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 ₹323,701.
Net Profit of ₹23,701
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 8 Apr 20

DurationReturns
1 Month -19.6%
3 Month -21%
6 Month -14.2%
1 Year -20.2%
3 Year -0.9%
5 Year 2.6%
10 Year
15 Year
Since launch 8%
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 0613.26 Yr.

Data below for Aditya Birla Sun Life Tax Relief '96 as on 29 Feb 20

Equity Sector Allocation
SectorValue
Financial Services23%
Industrials15.59%
Health Care15.05%
Basic Materials13.04%
Consumer Cyclical10.07%
Energy8.26%
Consumer Defensive7.22%
Technology5.99%
Asset Allocation
Asset ClassValue
Cash1.77%
Equity98.23%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Honeywell Automation India Ltd (Industrials)
Equity, Since 30 Jun 08 | 517174
10%₹1,002 Cr302,981
↑ 10,624
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 08 | RELIANCE
8%₹832 Cr6,264,803
↑ 236,724
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFC
8%₹766 Cr3,522,583
Pfizer Ltd (Healthcare)
Equity, Since 30 Apr 11 | PFIZER
7%₹717 Cr1,708,997
↑ 3,771
Bayer CropScience Ltd (Basic Materials)
Equity, Since 31 Aug 11 | 506285
5%₹543 Cr1,239,841
Gillette India Ltd (Consumer Defensive)
Equity, Since 30 Jun 14 | GILLETTE
5%₹512 Cr883,761
↑ 4,500
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | KOTAKBANK
5%₹480 Cr2,962,934
↑ 336,917
GlaxoSmithKline Pharmaceuticals Ltd (Healthcare)
Equity, Since 31 Mar 10 | 500660
5%₹463 Cr3,545,290
Johnson Controls - Hitachi Air Conditioning India Ltd (Technology)
Equity, Since 28 Feb 15 | 523398
4%₹360 Cr1,268,198
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Jun 08 | LT
4%₹360 Cr3,027,803

4. 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 10.6% since its launch.  Ranked 12 in ELSS category.  Return for 2019 was 14.8% , 2018 was -7.6% and 2017 was 36.3% .

Below is the key information for DSP BlackRock Tax Saver Fund

DSP BlackRock Tax Saver Fund
Growth
Launch Date 18 Jan 07
NAV (08 Apr 20) ₹37.983 ↑ 0.08   (0.22 %)
Net Assets (Cr) ₹6,096 on 29 Feb 20
Category Equity - ELSS
AMC DSP BlackRock Invmt Managers Pvt. Ltd.
Rating
Risk Moderately High
Expense Ratio 2.11
Sharpe Ratio 0.62
Information Ratio 0.07
Alpha Ratio 6.72
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Mar 15₹10,000
31 Mar 16₹9,735
31 Mar 17₹12,721
31 Mar 18₹13,846
31 Mar 19₹15,011
31 Mar 20₹11,441

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 ₹323,701.
Net Profit of ₹23,701
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 8 Apr 20

DurationReturns
1 Month -21.3%
3 Month -25.7%
6 Month -20.3%
1 Year -20.8%
3 Year -2.6%
5 Year 2.9%
10 Year
15 Year
Since launch 10.6%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2010 23.3%
Fund Manager information for DSP BlackRock Tax Saver Fund
NameSinceTenure
Rohit Singhania16 Jul 154.46 Yr.

Data below for DSP BlackRock Tax Saver Fund as on 29 Feb 20

Equity Sector Allocation
SectorValue
Financial Services28.25%
Basic Materials10.21%
Consumer Cyclical9.58%
Energy9.23%
Industrials8.17%
Technology7.03%
Health Care6.82%
Communication Services6.57%
Utility4.89%
Consumer Defensive4.6%
Real Estate1.45%
Asset Allocation
Asset ClassValue
Cash3.2%
Equity96.8%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK
8%₹490 Cr9,860,692
↑ 871,226
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK
7%₹404 Cr3,426,524
↓ -118,725
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jul 19 | BHARTIARTL
7%₹401 Cr7,652,702
↑ 546,977
Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 532215
6%₹358 Cr5,136,689
↑ 793,640
Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY
4%₹257 Cr3,518,125
↓ -167,514
Reliance Industries Ltd (Energy)
Equity, Since 31 May 15 | RELIANCE
4%₹255 Cr1,922,579
↑ 269,784
UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 May 14 | ULTRACEMCO
3%₹174 Cr411,910
↑ 14,673
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 28 Feb 17 | KOTAKBANK
2%₹151 Cr933,188
↑ 202,278
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 16 | LT
2%₹147 Cr1,236,364
↑ 196,151
Bharat Petroleum Corp Ltd (Energy)
Equity, Since 30 Sep 19 | 500547
2%₹141 Cr3,299,474
↑ 136,570

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 10.4% 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 (08 Apr 20) ₹40.343 ↑ 0.28   (0.70 %)
Net Assets (Cr) ₹3,206 on 29 Feb 20
Category Equity - ELSS
AMC L&T Investment Management Ltd
Rating
Risk Moderately High
Expense Ratio 2.21
Sharpe Ratio 0.26
Information Ratio -0.56
Alpha Ratio 1.42
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Mar 15₹10,000
31 Mar 16₹9,570
31 Mar 17₹12,483
31 Mar 18₹14,471
31 Mar 19₹14,403
31 Mar 20₹10,491

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 ₹307,716.
Net Profit of ₹7,716
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 8 Apr 20

DurationReturns
1 Month -22.2%
3 Month -27.2%
6 Month -20.4%
1 Year -24.9%
3 Year -5.1%
5 Year 1%
10 Year
15 Year
Since launch 10.4%
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 190.04 Yr.
Vihang Naik17 Dec 190.04 Yr.

Data below for L&T Tax Advantage Fund as on 29 Feb 20

Equity Sector Allocation
SectorValue
Financial Services34.13%
Basic Materials13.44%
Consumer Cyclical11.26%
Health Care10.78%
Technology10.03%
Industrials6.45%
Energy4.38%
Communication Services3.93%
Consumer Defensive3.36%
Asset Allocation
Asset ClassValue
Cash1.57%
Equity97.76%
Other0.67%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK
6%₹183 Cr3,684,800
↓ -644,200
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK
5%₹173 Cr1,470,500
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | KOTAKBANK
4%₹135 Cr834,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 17 | BHARTIARTL
4%₹126 Cr2,403,800
Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCE
4%₹113 Cr853,000
Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY
3%₹100 Cr1,370,200
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 09 | TCS
3%₹95 Cr476,300
↓ -158,700
HCL Technologies Ltd (Technology)
Equity, Since 30 Sep 17 | HCLTECH
3%₹94 Cr1,758,400
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 06 | LT
3%₹92 Cr778,000
↓ -75,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 May 17 | HDFC
3%₹87 Cr399,000

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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