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Table of Contents
- Who Can Invest in ELSS Fund?
- Other Tax Saving Options?
- Top 11 Best Performing ELSS Mutual Funds for Investment in FY 21 - 22
- ELSS SIP Calculator
- Investment Modes in ELSS
- Tips to Invest in Best Tax Saving ELSS Funds
- How to Invest in ELSS Funds Online?
Top 11 Equity - ELSS Funds
- IDFC Tax Advantage (ELSS) Fund
- Tata India Tax Savings Fund
- L&T Tax Advantage Fund
- Principal Tax Savings Fund
- BOI AXA Tax Advantage Fund
- Kotak Tax Saver Fund
- Invesco India Tax Plan
- BNP Paribas Long Term Equity Fund (ELSS)
- IDBI Equity Advantage Fund
- Sundaram Diversified Equity Fund
- HDFC Long Term Advantage Fund
11 Best Tax Saving ELSS Mutual Funds 2021
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 and help save direct tax on Income. Typically, 80% of the fund corpus is invested in equity and the remaining in debt instruments.
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, which means that the investors can subscribe in these funds as and when they want.
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Who Can Invest in ELSS Fund?
Generally, ELSS Mutual Funds are suitable for all kinds of investors who are willing to take market-linked risks for Tax Planning and saving money. Anyone can invest in ELSS funds at any point of time in their life. However, it is suggested to invest in tax saving ELSS funds during the early stage of your career so that your money grows over time and you earn better returns.
Hence, save tax and earn good returns both at the same time by Investing in best ELSS funds. Investors should be aware that amount invested in ELSS funds is locked for 3 Years.
Investors can invest in ELSS mutual funds as lumpsum (One Time) of SIP (Systematic Investment plan). It is advised for beginners to generally invest using SIP as it better suited for them.
Other Tax Saving Options?
Similar to ELSS other options under Section 80c includes : Life Insurance premium, Tax saving fixed deposits, PPF, NSC, EPF, Unit Linked Equity Plans (ULIP). One should know combines limit of saving under section 80c is limited to 1.5 Lakhs Per Financial year.
Top 11 Best Performing ELSS Mutual Funds for Investment in FY 21 - 22
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2020 (%) IDFC Tax Advantage (ELSS) Fund Growth ₹94.89
↓ -0.02 ₹3,339 11.8 28.7 85 20 17.4 18.7 Tata India Tax Savings Fund Growth ₹27.9952
↑ 0.01 ₹2,888 13.5 22 64.1 19.1 14.8 11.9 L&T Tax Advantage Fund Growth ₹80.775
↓ -0.16 ₹3,652 10.5 22.3 59.4 14.4 13.5 13.5 Principal Tax Savings Fund Growth ₹326.39
↓ -1.06 ₹583 12.6 25.9 70.9 16.8 14.7 18.9 BOI AXA Tax Advantage Fund Growth ₹102.79
↓ -0.26 ₹512 16.5 32.9 77.2 27.2 20 31.2 Kotak Tax Saver Fund Growth ₹70.849
↓ -0.25 ₹2,249 9.6 22.2 63.9 19.9 15.3 14.9 Invesco India Tax Plan Growth ₹83.76
↑ 0.15 ₹1,842 13.3 25.7 63.4 19.2 16.3 19.2 BNP Paribas Long Term Equity Fund (ELSS) Growth ₹60.694
↓ -0.02 ₹545 10.7 20.1 56.8 20.2 13.8 17.8 IDBI Equity Advantage Fund Growth ₹38.88
↑ 0.03 ₹541 14.5 24.2 58.8 14 11.8 8.4 Sundaram Diversified Equity Fund Growth ₹149.359
↓ -0.23 ₹2,340 14 25 66.7 15.3 11.8 9.9 HDFC Long Term Advantage Fund Growth ₹561.864
↑ 0.20 ₹1,363 12 25.7 72.9 18.3 15.8 11.5 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Sep 21
*Above is list of top ELSS (Equity Linked Saving Scheme) having AUM/Net Assets above than 500 Crore and having fund age >= 3 years.
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 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 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 Scheme seeks to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities across all market capitalisations. The Scheme is in the nature of diversified multi-cap fund. The Scheme is not providing any assured or guaranteed returns.(There can be no assurance that the investment objectives of the Scheme will be realized.) BOI AXA Tax Advantage Fund is a Equity - ELSS fund was launched on 25 Feb 09. It is a fund with Moderately High risk and has given a Below is the key information for BOI AXA Tax Advantage Fund Returns up to 1 year are on The investment objective of the scheme is to generate longterm capital appreciation from a diversified portfolio of equity and equity related securities and enable investors to avail the income tax rebate, as permitted from time to time. Kotak Tax Saver Fund is a Equity - ELSS fund was launched on 23 Nov 05. It is a fund with Moderately High risk and has given a Below is the key information for Kotak Tax Saver Fund Returns up to 1 year are on The investment objective of the Scheme is to generate long term capital growth from a diversified portfolio of predominantly equity and equity-related securities. Invesco India Tax Plan is a Equity - ELSS fund was launched on 29 Dec 06. It is a fund with Moderately High risk and has given a Below is the key information for Invesco India Tax Plan Returns up to 1 year are on The investment objective of the Scheme is to generate long-term capital growth from a diversified and actively managed portfolio of equity and equity related securities along with income tax rebate, as may be prevalent fromtime to time. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns. BNP Paribas Long Term Equity Fund (ELSS) is a Equity - ELSS fund was launched on 5 Jan 06. It is a fund with Moderately High risk and has given a Below is the key information for BNP Paribas Long Term Equity Fund (ELSS) Returns up to 1 year are on The Scheme will seek to invest predominantly in a diversified portfolio of equity and equity related instruments with the objective to provide investors with opportunities for capital appreciation and income along with the benefit of income-tax deduction(under section 80C of the Income-tax Act, 1961) on their investments. Investments in this scheme would be subject to a statutory lock-in of 3 years from the date of allotment to be eligible for income-tax benefits under Section 80C. There can be no assurance that the investment objective under the scheme will be realized. IDBI Equity Advantage Fund is a Equity - ELSS fund was launched on 10 Sep 13. It is a fund with Moderately High risk and has given a Below is the key information for IDBI Equity Advantage Fund Returns up to 1 year are on To achieve capital appreciation by investing
predominantly in equities and equity-related
instruments. A three-year lock-in period shall
apply in line with the regulation for ELSS
schemes. Sundaram Diversified Equity Fund is a Equity - ELSS fund was launched on 22 Nov 99. It is a fund with Moderately High risk and has given a Below is the key information for Sundaram Diversified Equity Fund Returns up to 1 year are on To generate long term capital appreciation from a portfolio that is predominantly in equity and equity related instruments HDFC Long Term Advantage Fund is a Equity - ELSS fund was launched on 2 Jan 01. It is a fund with Moderately High risk and has given a Below is the key information for HDFC Long Term Advantage Fund Returns up to 1 year are on 1. IDFC Tax Advantage (ELSS) Fund
CAGR/Annualized return of 19.3% since its launch. Ranked 3 in ELSS category. Return for 2020 was 18.7% , 2019 was 1.9% and 2018 was -9.4% . IDFC Tax Advantage (ELSS) Fund
Growth Launch Date 26 Dec 08 NAV (24 Sep 21) ₹94.89 ↓ -0.02 (-0.02 %) Net Assets (Cr) ₹3,339 on 31 Aug 21 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.06 Sharpe Ratio 3.28 Information Ratio 0.01 Alpha Ratio 15.08 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Aug 16 ₹10,000 31 Aug 17 ₹12,568 31 Aug 18 ₹14,050 31 Aug 19 ₹12,018 31 Aug 20 ₹12,687 31 Aug 21 ₹21,417 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Sep 21 Duration Returns 1 Month 8.5% 3 Month 11.8% 6 Month 28.7% 1 Year 85% 3 Year 20% 5 Year 17.4% 10 Year 15 Year Since launch 19.3% Historical performance (Yearly) on absolute basis
Year Returns 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% 2011 -23.3% Fund Manager information for IDFC Tax Advantage (ELSS) Fund
Name Since Tenure Daylynn Pinto 20 Oct 16 4.78 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 31 Aug 21
Equity Sector Allocation
Sector Value Financial Services 22.86% Industrials 15.28% Consumer Cyclical 15.16% Basic Materials 14.76% Technology 13.83% Health Care 6.09% Energy 4.58% Consumer Defensive 3.01% Communication Services 2.88% Asset Allocation
Asset Class Value Cash 1.53% Equity 98.47% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK7% ₹246 Cr 3,600,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY7% ₹225 Cr 1,400,000 State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN5% ₹155 Cr 3,600,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK4% ₹136 Cr 950,000 Deepak Nitrite Ltd (Basic Materials)
Equity, Since 31 Mar 17 | 5064014% ₹126 Cr 620,000 Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 31 Jul 18 | RELIANCE3% ₹112 Cr 550,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL3% ₹95 Cr 1,700,000 Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS3% ₹88 Cr 3,000,000 NCC Ltd (Industrials)
Equity, Since 28 Feb 19 | NCC2% ₹79 Cr 9,000,000
↓ -200,000 KEC International Ltd (Industrials)
Equity, Since 30 Sep 15 | 5327142% ₹73 Cr 1,700,000 2. Tata India Tax Savings Fund
CAGR/Annualized return of 16% since its launch. Ranked 1 in ELSS category. Return for 2020 was 11.9% , 2019 was 13.6% and 2018 was -8.4% . Tata India Tax Savings Fund
Growth Launch Date 13 Oct 14 NAV (24 Sep 21) ₹27.9952 ↑ 0.01 (0.03 %) Net Assets (Cr) ₹2,888 on 31 Aug 21 Category Equity - ELSS AMC Tata Asset Management Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.9 Sharpe Ratio 2.7 Information Ratio -0.34 Alpha Ratio 7.93 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Aug 16 ₹10,000 31 Aug 17 ₹11,956 31 Aug 18 ₹13,244 31 Aug 19 ₹12,573 31 Aug 20 ₹12,840 31 Aug 21 ₹19,338 Returns for Tata India Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Sep 21 Duration Returns 1 Month 7.9% 3 Month 13.5% 6 Month 22% 1 Year 64.1% 3 Year 19.1% 5 Year 14.8% 10 Year 15 Year Since launch 16% Historical performance (Yearly) on absolute basis
Year Returns 2020 11.9% 2019 13.6% 2018 -8.4% 2017 46% 2016 2.1% 2015 13.3% 2014 2013 2012 2011 Fund Manager information for Tata India Tax Savings Fund
Name Since Tenure Ennette Fernandes 18 Jun 18 3.12 Yr. Tejas Gutka 9 Mar 21 0.39 Yr. Data below for Tata India Tax Savings Fund as on 31 Aug 21
Equity Sector Allocation
Sector Value Financial Services 35.47% Industrials 13.41% Technology 10.99% Consumer Cyclical 9.54% Basic Materials 8.71% Energy 7.14% Health Care 6.49% Communication Services 3.05% Real Estate 1.74% Utility 1.48% Asset Allocation
Asset Class Value Cash 1.98% Equity 98.02% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK10% ₹266 Cr 3,900,000
↓ -200,000 Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY9% ₹251 Cr 1,560,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN7% ₹190 Cr 4,400,000 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK6% ₹162 Cr 1,135,000
↓ -165,000 Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 31 Jan 18 | RELIANCE6% ₹153 Cr 750,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC4% ₹115 Cr 470,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322154% ₹110 Cr 1,550,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 19 | BHARTIARTL3% ₹84 Cr 1,500,000
↓ -250,000 Hindalco Industries Ltd Shs Dematerialised (Basic Materials)
Equity, Since 31 May 21 | HINDALCO2% ₹67 Cr 1,500,000 Voltas Ltd Shs Dematerialised (Industrials)
Equity, Since 31 May 19 | VOLTAS2% ₹62 Cr 590,000 3. L&T Tax Advantage Fund
CAGR/Annualized return of 14.4% since its launch. Ranked 7 in ELSS category. Return for 2020 was 13.5% , 2019 was 4.6% and 2018 was -8.1% . L&T Tax Advantage Fund
Growth Launch Date 27 Feb 06 NAV (24 Sep 21) ₹80.775 ↓ -0.16 (-0.20 %) Net Assets (Cr) ₹3,652 on 31 Aug 21 Category Equity - ELSS AMC L&T Investment Management Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.03 Sharpe Ratio 3.23 Information Ratio -0.84 Alpha Ratio 7.2 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Aug 16 ₹10,000 31 Aug 17 ₹12,478 31 Aug 18 ₹13,719 31 Aug 19 ₹11,983 31 Aug 20 ₹12,383 31 Aug 21 ₹18,696 Returns for L&T Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Sep 21 Duration Returns 1 Month 7.3% 3 Month 10.5% 6 Month 22.3% 1 Year 59.4% 3 Year 14.4% 5 Year 13.5% 10 Year 15 Year Since launch 14.4% Historical performance (Yearly) on absolute basis
Year Returns 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% 2011 -21.8% Fund Manager information for L&T Tax Advantage Fund
Name Since Tenure Vihang Naik 17 Dec 19 1.62 Yr. Cheenu Gupta 2 Jul 21 0.08 Yr. Data below for L&T Tax Advantage Fund as on 31 Aug 21
Equity Sector Allocation
Sector Value Financial Services 21.12% Basic Materials 20.42% Technology 15.94% Consumer Cyclical 14.97% Industrials 9.57% Health Care 7.93% Consumer Defensive 4.83% Real Estate 2.29% Utility 0.84% Asset Allocation
Asset Class Value Cash 2.09% Equity 97.91% Other 0.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY6% ₹229 Cr 1,422,800
↑ 452,500 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK5% ₹179 Cr 2,616,600
↑ 539,800 State Bank of India (Financial Services)
Equity, Since 31 Jan 19 | SBIN5% ₹168 Cr 3,894,300
↑ 1,023,100 K.P.R. Mill Ltd (Consumer Cyclical)
Equity, Since 31 Jan 15 | 5328894% ₹129 Cr 686,900 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK3% ₹117 Cr 819,900
↑ 176,300 Jubilant Foodworks Ltd (Consumer Cyclical)
Equity, Since 28 Feb 19 | JUBLFOOD3% ₹110 Cr 292,400 Tata Steel Ltd (Basic Materials)
Equity, Since 29 Feb 20 | TATASTEEL3% ₹108 Cr 752,000 Larsen & Toubro Ltd Shs Dematerialised (Industrials)
Equity, Since 31 Mar 06 | LT3% ₹107 Cr 668,000
↓ -110,000 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Oct 19 | ULTRACEMCO3% ₹105 Cr 138,300
↑ 91,331 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 09 | TCS3% ₹100 Cr 315,000 4. Principal Tax Savings Fund
CAGR/Annualized return of 16.5% since its launch. Ranked 8 in ELSS category. Return for 2020 was 18.9% , 2019 was 2.5% and 2018 was -9.2% . Principal Tax Savings Fund
Growth Launch Date 31 Mar 96 NAV (24 Sep 21) ₹326.39 ↓ -1.06 (-0.32 %) Net Assets (Cr) ₹583 on 31 Aug 21 Category Equity - ELSS AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.55 Sharpe Ratio 2.94 Information Ratio -0.83 Alpha Ratio 0.01 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Aug 16 ₹10,000 31 Aug 17 ₹12,198 31 Aug 18 ₹13,823 31 Aug 19 ₹11,947 31 Aug 20 ₹12,605 31 Aug 21 ₹19,530 Returns for Principal Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Sep 21 Duration Returns 1 Month 8.2% 3 Month 12.6% 6 Month 25.9% 1 Year 70.9% 3 Year 16.8% 5 Year 14.7% 10 Year 15 Year Since launch 16.5% Historical performance (Yearly) on absolute basis
Year Returns 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% 2011 -30.4% Fund Manager information for Principal Tax Savings Fund
Name Since Tenure Sudhir Kedia 29 Oct 19 1.76 Yr. Data below for Principal Tax Savings Fund as on 31 Aug 21
Equity Sector Allocation
Sector Value Financial Services 34.14% Technology 14.28% Consumer Cyclical 12.01% Industrials 8.88% Consumer Defensive 6.81% Basic Materials 5.29% Health Care 5.02% Communication Services 4.87% Utility 1.03% Real Estate 1.02% Energy 0.9% Asset Allocation
Asset Class Value Cash 2.69% Equity 97.3% Debt 0.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK8% ₹45 Cr 665,990 Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY7% ₹40 Cr 250,459 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK5% ₹30 Cr 212,741 Polycab India Ltd (Industrials)
Equity, Since 30 Nov 20 | 5426524% ₹21 Cr 112,670 State Bank of India (Financial Services)
Equity, Since 30 Apr 05 | SBIN3% ₹17 Cr 396,310 Reliance Industries Ltd.
Equity, Since 30 Jun 21 | -3% ₹17 Cr 118,720 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Oct 19 | MARUTI3% ₹17 Cr 23,703 Tata Steel Ltd (Basic Materials)
Equity, Since 30 Apr 21 | TATASTEEL3% ₹16 Cr 111,372 Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 17 | 5322153% ₹16 Cr 219,595 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 18 | BHARTIARTL3% ₹15 Cr 269,710 5. BOI AXA Tax Advantage Fund
CAGR/Annualized return of 20.4% since its launch. Ranked 13 in ELSS category. Return for 2020 was 31.2% , 2019 was 14.6% and 2018 was -16.3% . BOI AXA Tax Advantage Fund
Growth Launch Date 25 Feb 09 NAV (24 Sep 21) ₹102.79 ↓ -0.26 (-0.25 %) Net Assets (Cr) ₹512 on 31 Aug 21 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.56 Sharpe Ratio 4.47 Information Ratio 0.69 Alpha Ratio 22.44 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Aug 16 ₹10,000 31 Aug 17 ₹12,118 31 Aug 18 ₹13,858 31 Aug 19 ₹11,934 31 Aug 20 ₹14,357 31 Aug 21 ₹24,318 Returns for BOI AXA Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Sep 21 Duration Returns 1 Month 7.9% 3 Month 16.5% 6 Month 32.9% 1 Year 77.2% 3 Year 27.2% 5 Year 20% 10 Year 15 Year Since launch 20.4% Historical performance (Yearly) on absolute basis
Year Returns 2020 31.2% 2019 14.6% 2018 -16.3% 2017 57.7% 2016 -1.2% 2015 2.1% 2014 44% 2013 9.1% 2012 24.8% 2011 -24.1% Fund Manager information for BOI AXA Tax Advantage Fund
Name Since Tenure Aakash Manghani 15 Jul 19 2.05 Yr. Data below for BOI AXA Tax Advantage Fund as on 31 Aug 21
Equity Sector Allocation
Sector Value Financial Services 23.77% Basic Materials 21.46% Technology 16.22% Health Care 14.72% Consumer Cyclical 9.84% Consumer Defensive 3.49% Communication Services 3.41% Industrials 3.22% Energy 1.75% Utility 1.49% Asset Allocation
Asset Class Value Cash 0.63% Equity 99.37% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK5% ₹25 Cr 361,176
↑ 30,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK4% ₹21 Cr 145,982
↓ -18,168 Infosys Ltd (Technology)
Equity, Since 30 Jun 20 | INFY4% ₹19 Cr 118,505 Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 18 | DIVISLAB4% ₹19 Cr 38,259 Laurus Labs Ltd (Healthcare)
Equity, Since 30 Jun 20 | 5402223% ₹15 Cr 236,350
↓ -30,000 PI Industries Ltd (Basic Materials)
Equity, Since 30 Nov 18 | PIIND3% ₹15 Cr 51,325 Coforge Ltd Shs Dematerialised (Technology)
Equity, Since 31 Jul 20 | 5325413% ₹15 Cr 28,640
↑ 1,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 18 | 5000343% ₹14 Cr 22,229
↑ 2,780 Navin Fluorine International Ltd (Basic Materials)
Equity, Since 31 Jul 19 | 5325042% ₹12 Cr 31,892
↓ -1,100 Deepak Nitrite Ltd (Basic Materials)
Equity, Since 31 Aug 20 | 5064012% ₹11 Cr 54,523
↑ 2,200 6. Kotak Tax Saver Fund
CAGR/Annualized return of 13.2% since its launch. Ranked 19 in ELSS category. Return for 2020 was 14.9% , 2019 was 12.7% and 2018 was -3.8% . Kotak Tax Saver Fund
Growth Launch Date 23 Nov 05 NAV (24 Sep 21) ₹70.849 ↓ -0.25 (-0.35 %) Net Assets (Cr) ₹2,249 on 31 Aug 21 Category Equity - ELSS AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 0 Sharpe Ratio 4.16 Information Ratio 0.37 Alpha Ratio 13.36 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Aug 16 ₹10,000 31 Aug 17 ₹11,730 31 Aug 18 ₹12,813 31 Aug 19 ₹12,199 31 Aug 20 ₹12,820 31 Aug 21 ₹20,142 Returns for Kotak Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Sep 21 Duration Returns 1 Month 5.3% 3 Month 9.6% 6 Month 22.2% 1 Year 63.9% 3 Year 19.9% 5 Year 15.3% 10 Year 15 Year Since launch 13.2% Historical performance (Yearly) on absolute basis
Year Returns 2020 14.9% 2019 12.7% 2018 -3.8% 2017 33.8% 2016 7.5% 2015 1.5% 2014 56.6% 2013 -6.3% 2012 36.2% 2011 -26% Fund Manager information for Kotak Tax Saver Fund
Name Since Tenure Harsha Upadhyaya 25 Aug 15 5.94 Yr. Data below for Kotak Tax Saver Fund as on 31 Aug 21
Equity Sector Allocation
Sector Value Financial Services 23.3% Basic Materials 20.06% Industrials 19.56% Technology 10.46% Consumer Cyclical 8.54% Health Care 6.09% Utility 4.13% Energy 2.85% Communication Services 2.1% Consumer Defensive 1.36% Asset Allocation
Asset Class Value Cash 1.55% Equity 98.45% Other 0.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK8% ₹171 Cr 2,500,000 Infosys Ltd (Technology)
Equity, Since 31 Dec 05 | INFY6% ₹129 Cr 800,000 State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN5% ₹108 Cr 2,500,000
↑ 150,000 Larsen & Toubro Ltd Shs Dematerialised (Industrials)
Equity, Since 28 Feb 14 | LT4% ₹92 Cr 575,000
↑ 250,000 SRF Ltd (Basic Materials)
Equity, Since 30 Apr 16 | SRF4% ₹87 Cr 100,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK4% ₹78 Cr 550,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 18 | TCS3% ₹71 Cr 225,000 Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 30 Jun 06 | RELIANCE3% ₹61 Cr 300,000 Gujarat Gas Ltd (Utilities)
Equity, Since 30 Apr 19 | 5393363% ₹61 Cr 850,000 Jindal Steel & Power Ltd (Basic Materials)
Equity, Since 28 Feb 18 | 5322863% ₹58 Cr 1,350,000 7. Invesco India Tax Plan
CAGR/Annualized return of 15.5% since its launch. Ranked 17 in ELSS category. Return for 2020 was 19.2% , 2019 was 9.4% and 2018 was -1.3% . Invesco India Tax Plan
Growth Launch Date 29 Dec 06 NAV (24 Sep 21) ₹83.76 ↑ 0.15 (0.18 %) Net Assets (Cr) ₹1,842 on 31 Aug 21 Category Equity - ELSS AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.08 Sharpe Ratio 3.2 Information Ratio -0.18 Alpha Ratio 6.89 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Aug 16 ₹10,000 31 Aug 17 ₹11,379 31 Aug 18 ₹13,705 31 Aug 19 ₹12,416 31 Aug 20 ₹13,369 31 Aug 21 ₹20,344 Returns for Invesco India Tax Plan
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Sep 21 Duration Returns 1 Month 7.7% 3 Month 13.3% 6 Month 25.7% 1 Year 63.4% 3 Year 19.2% 5 Year 16.3% 10 Year 15 Year Since launch 15.5% Historical performance (Yearly) on absolute basis
Year Returns 2020 19.2% 2019 9.4% 2018 -1.3% 2017 35.7% 2016 3.4% 2015 5.8% 2014 54.3% 2013 10.1% 2012 30.3% 2011 -18.9% Fund Manager information for Invesco India Tax Plan
Name Since Tenure Amit Nigam 3 Sep 20 0.91 Yr. Dhimant Kothari 29 Mar 18 3.35 Yr. Data below for Invesco India Tax Plan as on 31 Aug 21
Equity Sector Allocation
Sector Value Financial Services 31.54% Technology 16.72% Consumer Cyclical 12.43% Industrials 10.18% Basic Materials 10.15% Energy 7.99% Health Care 4.44% Utility 3.86% Consumer Defensive 1.41% Asset Allocation
Asset Class Value Cash 1.29% Equity 98.71% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 31 Mar 17 | RELIANCE8% ₹142 Cr 696,659 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK8% ₹139 Cr 2,031,464 Infosys Ltd (Technology)
Equity, Since 31 Dec 19 | INFY7% ₹133 Cr 824,204 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK7% ₹130 Cr 913,263 Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | 5322154% ₹72 Cr 1,016,758 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 19 | KOTAKBANK3% ₹62 Cr 373,623 Tech Mahindra Ltd (Technology)
Equity, Since 31 Oct 20 | 5327553% ₹54 Cr 448,931 L&T Technology Services Ltd (Technology)
Equity, Since 31 Aug 20 | LTTS3% ₹49 Cr 131,842 Tata Steel Ltd (Basic Materials)
Equity, Since 30 Apr 21 | TATASTEEL2% ₹43 Cr 299,503
↓ -56,005 Bajaj Auto Ltd (Consumer Cyclical)
Equity, Since 31 Mar 20 | 5329772% ₹40 Cr 105,755
↓ -27,862 8. BNP Paribas Long Term Equity Fund (ELSS)
CAGR/Annualized return of 12.2% since its launch. Ranked 22 in ELSS category. Return for 2020 was 17.8% , 2019 was 14.3% and 2018 was -9.3% . BNP Paribas Long Term Equity Fund (ELSS)
Growth Launch Date 5 Jan 06 NAV (24 Sep 21) ₹60.694 ↓ -0.02 (-0.03 %) Net Assets (Cr) ₹545 on 31 Aug 21 Category Equity - ELSS AMC BNP Paribas Asset Mgmt India Pvt. Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.41 Sharpe Ratio 3.03 Information Ratio 0.17 Alpha Ratio 3.54 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Aug 16 ₹10,000 31 Aug 17 ₹11,407 31 Aug 18 ₹12,041 31 Aug 19 ₹11,804 31 Aug 20 ₹12,779 31 Aug 21 ₹18,472 Returns for BNP Paribas Long Term Equity Fund (ELSS)
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Sep 21 Duration Returns 1 Month 6.7% 3 Month 10.7% 6 Month 20.1% 1 Year 56.8% 3 Year 20.2% 5 Year 13.8% 10 Year 15 Year Since launch 12.2% Historical performance (Yearly) on absolute basis
Year Returns 2020 17.8% 2019 14.3% 2018 -9.3% 2017 42.3% 2016 -6.6% 2015 7.7% 2014 53% 2013 7.7% 2012 34.3% 2011 -15% Fund Manager information for BNP Paribas Long Term Equity Fund (ELSS)
Name Since Tenure Karthikraj Lakshmanan 7 Oct 16 4.82 Yr. Chockalingam Narayanan 1 Apr 21 0.33 Yr. Data below for BNP Paribas Long Term Equity Fund (ELSS) as on 31 Aug 21
Equity Sector Allocation
Sector Value Financial Services 40.21% Technology 12.19% Basic Materials 9.08% Industrials 8.48% Consumer Cyclical 8.29% Consumer Defensive 7.78% Health Care 3.98% Communication Services 3.13% Energy 2.89% Utility 1.58% Real Estate 1.08% Asset Allocation
Asset Class Value Cash 1.32% Equity 98.68% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 12 | ICICIBANK10% ₹51 Cr 750,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFCBANK8% ₹42 Cr 296,600 Infosys Ltd (Technology)
Equity, Since 31 Mar 09 | INFY8% ₹40 Cr 250,500
↓ -33,750 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322156% ₹34 Cr 482,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 18 | TCS3% ₹18 Cr 57,500 Voltas Ltd Shs Dematerialised (Industrials)
Equity, Since 31 Oct 18 | VOLTAS3% ₹16 Cr 152,000 Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 31 Oct 18 | RELIANCE3% ₹15 Cr 75,000 Avanti Feeds Ltd (Consumer Defensive)
Equity, Since 30 Sep 20 | 5125733% ₹14 Cr 215,179 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Jul 18 | ULTRACEMCO2% ₹13 Cr 17,000 Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 31 Oct 18 | 5403762% ₹13 Cr 35,800 9. IDBI Equity Advantage Fund
CAGR/Annualized return of 18.4% since its launch. Ranked 21 in ELSS category. Return for 2020 was 8.4% , 2019 was 5.7% and 2018 was -1.7% . IDBI Equity Advantage Fund
Growth Launch Date 10 Sep 13 NAV (24 Sep 21) ₹38.88 ↑ 0.03 (0.08 %) Net Assets (Cr) ₹541 on 31 Aug 21 Category Equity - ELSS AMC IDBI Asset Management Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.4 Sharpe Ratio 2.91 Information Ratio -0.66 Alpha Ratio 1.39 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Aug 16 ₹10,000 31 Aug 17 ₹11,182 31 Aug 18 ₹12,924 31 Aug 19 ₹11,446 31 Aug 20 ₹11,410 31 Aug 21 ₹16,894 Returns for IDBI Equity Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Sep 21 Duration Returns 1 Month 8.4% 3 Month 14.5% 6 Month 24.2% 1 Year 58.8% 3 Year 14% 5 Year 11.8% 10 Year 15 Year Since launch 18.4% Historical performance (Yearly) on absolute basis
Year Returns 2020 8.4% 2019 5.7% 2018 -1.7% 2017 35.3% 2016 0% 2015 3.1% 2014 71.2% 2013 2012 2011 Fund Manager information for IDBI Equity Advantage Fund
Name Since Tenure Alok Ranjan 16 Aug 21 0 Yr. Data below for IDBI Equity Advantage Fund as on 31 Aug 21
Equity Sector Allocation
Sector Value Financial Services 27.83% Basic Materials 16.93% Technology 16.72% Industrials 14.64% Consumer Cyclical 11.61% Energy 4.86% Consumer Defensive 2.81% Communication Services 1.6% Health Care 1.45% Asset Allocation
Asset Class Value Cash 1.55% Equity 98.45% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 20 | ICICIBANK7% ₹36 Cr 528,773 Infosys Ltd (Technology)
Equity, Since 31 Oct 20 | INFY7% ₹36 Cr 222,676 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 20 | HDFCBANK6% ₹33 Cr 232,297 State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN4% ₹19 Cr 446,147
↑ 100,000 Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 30 Sep 20 | RELIANCE3% ₹16 Cr 77,980 ABB India Ltd (Industrials)
Equity, Since 30 Apr 15 | 5000023% ₹15 Cr 88,481 HCL Technologies Ltd Shs Dematerialised (Technology)
Equity, Since 31 May 20 | HCLTECH3% ₹15 Cr 146,618 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Sep 20 | HDFC3% ₹14 Cr 56,815 Mphasis Ltd (Technology)
Equity, Since 31 Aug 20 | 5262993% ₹14 Cr 53,306 MindTree Ltd (Technology)
Equity, Since 31 Jul 21 | 5328192% ₹13 Cr 44,000
↑ 44,000 10. Sundaram Diversified Equity Fund
CAGR/Annualized return of 16.8% since its launch. Ranked 14 in ELSS category. Return for 2020 was 9.9% , 2019 was 6.2% and 2018 was -10.6% . Sundaram Diversified Equity Fund
Growth Launch Date 22 Nov 99 NAV (24 Sep 21) ₹149.359 ↓ -0.23 (-0.15 %) Net Assets (Cr) ₹2,340 on 31 Aug 21 Category Equity - ELSS AMC Sundaram Asset Management Company Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.14 Sharpe Ratio 2.87 Information Ratio -0.91 Alpha Ratio 1.45 Min Investment 500 Min SIP Investment 250 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Aug 16 ₹10,000 31 Aug 17 ₹11,743 31 Aug 18 ₹12,712 31 Aug 19 ₹11,153 31 Aug 20 ₹11,059 31 Aug 21 ₹17,197 Returns for Sundaram Diversified Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Sep 21 Duration Returns 1 Month 7.1% 3 Month 14% 6 Month 25% 1 Year 66.7% 3 Year 15.3% 5 Year 11.8% 10 Year 15 Year Since launch 16.8% Historical performance (Yearly) on absolute basis
Year Returns 2020 9.9% 2019 6.2% 2018 -10.6% 2017 38.4% 2016 6.8% 2015 3.1% 2014 45.7% 2013 1.4% 2012 34.5% 2011 -25.4% Fund Manager information for Sundaram Diversified Equity Fund
Name Since Tenure S. Bharath 23 Jul 20 1.11 Yr. Rohit Seksaria 24 Feb 21 0.52 Yr. Data below for Sundaram Diversified Equity Fund as on 31 Aug 21
Equity Sector Allocation
Sector Value Financial Services 31.58% Technology 13.85% Industrials 11.35% Basic Materials 9.39% Consumer Cyclical 9.32% Consumer Defensive 8.49% Energy 8.05% Health Care 5.48% Communication Services 1.98% Asset Allocation
Asset Class Value Cash 0.38% Equity 99.62% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 11 | ICICIBANK8% ₹171 Cr 2,500,000 Infosys Ltd (Technology)
Equity, Since 30 Nov 16 | INFY7% ₹168 Cr 1,045,000
↓ -27,000 Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 30 Apr 12 | RELIANCE7% ₹148 Cr 725,000
↓ -45,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | HDFCBANK6% ₹138 Cr 970,000
↓ -180,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 May 18 | 5322154% ₹97 Cr 1,370,000
↓ -30,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Jul 19 | HDFC4% ₹90 Cr 370,000
↓ -75,000 State Bank of India (Financial Services)
Equity, Since 31 Aug 20 | SBIN3% ₹73 Cr 1,700,000
↑ 50,000 HCL Technologies Ltd Shs Dematerialised (Technology)
Equity, Since 30 Apr 19 | HCLTECH3% ₹69 Cr 675,000
↓ -65,000 Grindwell Norton Ltd (Industrials)
Equity, Since 31 Mar 14 | 5060763% ₹69 Cr 550,000
↓ -10,000 Quess Corp Ltd (Industrials)
Equity, Since 31 Jan 18 | 5399783% ₹67 Cr 775,000
↓ -25,000 11. HDFC Long Term Advantage Fund
CAGR/Annualized return of 21.5% since its launch. Ranked 23 in ELSS category. Return for 2020 was 11.5% , 2019 was 10.1% and 2018 was -3.9% . HDFC Long Term Advantage Fund
Growth Launch Date 2 Jan 01 NAV (24 Sep 21) ₹561.864 ↑ 0.20 (0.03 %) Net Assets (Cr) ₹1,363 on 31 Aug 21 Category Equity - ELSS AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.25 Sharpe Ratio 2.51 Information Ratio -0.1 Alpha Ratio 8.34 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Aug 16 ₹10,000 31 Aug 17 ₹11,926 31 Aug 18 ₹13,427 31 Aug 19 ₹12,682 31 Aug 20 ₹12,863 31 Aug 21 ₹20,367
Purchase not allowed Returns for HDFC Long Term Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Sep 21 Duration Returns 1 Month 6.3% 3 Month 12% 6 Month 25.7% 1 Year 72.9% 3 Year 18.3% 5 Year 15.8% 10 Year 15 Year Since launch 21.5% Historical performance (Yearly) on absolute basis
Year Returns 2020 11.5% 2019 10.1% 2018 -3.9% 2017 36.2% 2016 13% 2015 -2.4% 2014 44.7% 2013 11% 2012 28.8% 2011 -23.5% Fund Manager information for HDFC Long Term Advantage Fund
Name Since Tenure Chirag Setalvad 2 Apr 07 14.34 Yr. Data below for HDFC Long Term Advantage Fund as on 31 Aug 21
Equity Sector Allocation
Sector Value Financial Services 35.68% Industrials 17.76% Technology 14.97% Energy 11.53% Consumer Defensive 4.5% Basic Materials 4.47% Health Care 2.8% Utility 2.61% Consumer Cyclical 2.35% Communication Services 2.21% Asset Allocation
Asset Class Value Cash 1.12% Equity 98.88% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK10% ₹130 Cr 1,900,000
↓ -100,000 Infosys Ltd (Technology)
Equity, Since 30 Nov 06 | INFY9% ₹121 Cr 750,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 13 | HDFCBANK9% ₹114 Cr 800,000 Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 31 Jul 05 | RELIANCE8% ₹106 Cr 520,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFC7% ₹98 Cr 400,000 Larsen & Toubro Ltd Shs Dematerialised (Industrials)
Equity, Since 31 Oct 07 | LT7% ₹97 Cr 607,500 State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN7% ₹91 Cr 2,100,000 Carborundum Universal Ltd (Industrials)
Equity, Since 30 Jun 03 | 5133755% ₹68 Cr 1,010,413
↓ -16,354 Redington (India) Ltd (Technology)
Equity, Since 31 Jul 15 | 5328055% ₹64 Cr 1,951,513 ITC Ltd (Consumer Defensive)
Equity, Since 31 Oct 05 | ITC4% ₹58 Cr 2,822,910
ELSS SIP Calculator
Know Your SIP Returns
Investment Modes in ELSS
SIP (Systematic Investment Plan) in ELSS
One can choose SIP as an investment mode for invest in Tax Saving Mutual Funds (ELSS) as certain amount is invested every month.
As shown in sample below-
| Month | Amount | Mode | |||
|---|---|---|---|---|---|
| April | 12,500 | SIP | May | 12,500 | SIP |
| June | 12,500 | SIP | July | 12,500 | SIP |
| August | 12,500 | SIP | September | 12,500 | SIP |
| October | 12,500 | SIP | November | 12,500 | SIP |
| December | 12,500 | SIP | January | 12,500 | SIP |
| Feburary | 12,500 | SIP | March | 12,500 | SIP |
| Total | 1,50,000 |
While investing through SIP method SIP benefits of Rupee Cost averaging are reaped as it scatter purchases every month and invest is made at an average price rather than at particular price which might be the case with Lumpsum Investments.
Lumpsum Investment in ELSS
As one might be saving in other tax saving intruments like ULIP, NSC, PF/EPF, insurance (under Sector 80c) one can decide whatever amount is needed to save tax after deducting other instruments and invest as Lumpsum purchases over the year or one time near end of Financial Year (Jan - Mar).
Tips to Invest in Best Tax Saving ELSS Funds
Invest in best ELSS Funds via a SIP (Systematic Investment Plan) in the beginning of the financial year (i.e. in April) and not when the financial year is ending.
Choose an ELSS Mutual Fund carefully among the list of best ELSS Funds, and invest in the same for a year instead of jumping to other tax saving ELSS funds every year.
Good ELSS returns can be achieved when invested for 5-7 years, so it is suggested not to pull out money once your lock-in ends after 3 years. Try holding it for a longer duration to earn better returns.
If you are a risk-averse investor and want a less-volatile fund, consider investing in a large-cap Mutual Fund.
How to Invest in ELSS Funds Online?
Open Free Investment Account for Lifetime at Fincash.com
Complete your Registration and KYC Process
Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!
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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Nice article. Highly recommended for guys who are looking to save tax under section 80c.