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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 20 - 21
- 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
- Tata India Tax Savings Fund
- IDFC Tax Advantage (ELSS) Fund
- L&T Tax Advantage Fund
- Principal Tax Savings Fund
- BNP Paribas Long Term Equity Fund (ELSS)
- BOI AXA Tax Advantage Fund
- Kotak Tax Saver Scheme
- HDFC Long Term Advantage Fund
- Invesco India Tax Plan
- Sundaram Diversified Equity Fund
- IDBI Equity Advantage Fund
11 Best Tax Saving ELSS Mutual Funds 2020
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 20 - 21
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2019 (%) Tata India Tax Savings Fund Growth ₹19.5237
↓ -0.11 ₹2,094 3.9 12.4 16.9 11.7 10.5 13.6 IDFC Tax Advantage (ELSS) Fund Growth ₹56.96
↓ -0.22 ₹2,119 5.9 11.1 12.9 9.7 7.6 1.9 L&T Tax Advantage Fund Growth ₹56.776
↓ -0.07 ₹3,382 4.9 11.8 14.6 8.7 8.3 4.6 Principal Tax Savings Fund Growth ₹209.44
↓ -1.58 ₹408 3.3 8.9 9.3 8.4 7.9 2.5 BNP Paribas Long Term Equity Fund (ELSS) Growth ₹43.069
↓ -0.15 ₹474 6.2 15.1 22.6 12 7.6 14.3 BOI AXA Tax Advantage Fund Growth ₹59.9
↓ -0.17 ₹266 10.2 23.5 29.7 13.9 9 14.6 Kotak Tax Saver Scheme Growth ₹48.82
↓ -0.19 ₹1,068 7 15.2 21.1 11.4 9 12.7 HDFC Long Term Advantage Fund Growth ₹374.051
↓ -0.51 ₹1,399 3.3 9.7 13 10.3 9 10.1 Invesco India Tax Plan Growth ₹56.15
↓ -0.16 ₹988 6.3 16.1 18.8 12.8 9.4 9.4 Sundaram Diversified Equity Fund Growth ₹105.138
↓ -0.16 ₹2,578 2.9 12.4 13.4 6.5 6.8 6.2 IDBI Equity Advantage Fund Growth ₹28.54
↓ -0.23 ₹576 2.1 14.1 14.4 10 6.4 5.7 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 14 Feb 20
*Above is list of top ELSS (Equity Linked Saving Scheme) having AUM/Net Assets above than 500 Crore and having fund age >= 3 years.
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 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 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 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 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 Scheme 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 Scheme 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 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 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 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 1. Tata India Tax Savings Fund
CAGR/Annualized return of 13.4% since its launch. Ranked 1 in ELSS category. Return for 2019 was 13.6% , 2018 was -8.4% and 2017 was 46% . Tata India Tax Savings Fund
Growth Launch Date 13 Oct 14 NAV (14 Feb 20) ₹19.5237 ↓ -0.11 (-0.57 %) Net Assets (Cr) ₹2,094 on 31 Dec 19 Category Equity - ELSS AMC Tata Asset Management Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.08 Sharpe Ratio 0.79 Information Ratio -0.26 Alpha Ratio -3.75 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 15 ₹10,000 31 Jan 16 ₹9,941 31 Jan 17 ₹11,620 31 Jan 18 ₹15,599 31 Jan 19 ₹14,362 31 Jan 20 ₹16,441 Returns for Tata India Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Feb 20 Duration Returns 1 Month -0.1% 3 Month 3.9% 6 Month 12.4% 1 Year 16.9% 3 Year 11.7% 5 Year 10.5% 10 Year 15 Year Since launch 13.4% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Rupesh Patel 1 Apr 15 4.59 Yr. Ennette Fernandes 18 Jun 18 1.37 Yr. Data below for Tata India Tax Savings Fund as on 31 Dec 19
Equity Sector Allocation
Sector Value Financial Services 45.51% Energy 9.78% Industrials 9.08% Technology 8.96% Consumer Cyclical 8.65% Health Care 5.25% Basic Materials 3.13% Consumer Defensive 2.73% Communication Services 2.07% Real Estate 0.78% Asset Allocation
Asset Class Value Cash 3.9% Equity 96.1% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK10% ₹205 Cr 3,800,000
↓ -200,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN8% ₹178 Cr 5,325,000 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK8% ₹163 Cr 1,282,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC7% ₹136 Cr 565,000 Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY6% ₹123 Cr 1,680,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322155% ₹113 Cr 1,500,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE5% ₹111 Cr 730,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 15 | KOTAKBANK4% ₹83 Cr 495,000 A) Repo
CBLO/Reverse Repo | -3% ₹73 Cr Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 18 | TCS3% ₹65 Cr 300,000 2. IDFC Tax Advantage (ELSS) Fund
CAGR/Annualized return of 16.9% since its launch. Ranked 3 in ELSS category. Return for 2019 was 1.9% , 2018 was -9.4% and 2017 was 53.4% . IDFC Tax Advantage (ELSS) Fund
Growth Launch Date 26 Dec 08 NAV (14 Feb 20) ₹56.96 ↓ -0.22 (-0.38 %) Net Assets (Cr) ₹2,119 on 31 Dec 19 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.22 Sharpe Ratio -0.01 Information Ratio -0.39 Alpha Ratio -9.84 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 15 ₹10,000 31 Jan 16 ₹9,318 31 Jan 17 ₹10,695 31 Jan 18 ₹15,504 31 Jan 19 ₹13,356 31 Jan 20 ₹14,402 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Feb 20 Duration Returns 1 Month 0.5% 3 Month 5.9% 6 Month 11.1% 1 Year 12.9% 3 Year 9.7% 5 Year 7.6% 10 Year 15 Year Since launch 16.9% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Daylynn Pinto 20 Oct 16 3.2 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 31 Dec 19
Equity Sector Allocation
Sector Value Financial Services 29.26% Industrials 16.29% Basic Materials 12.87% Consumer Cyclical 12.54% Technology 7.87% Energy 6.37% Health Care 3.97% Consumer Defensive 3.43% Utility 1.45% Communication Services 0.65% Asset Allocation
Asset Class Value Cash 4.68% Equity 95.32% Other 0.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK8% ₹175 Cr 3,250,000 Triparty Repo
CBLO/Reverse Repo | -5% ₹103 Cr Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE4% ₹91 Cr 600,000
↑ 50,000 State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN4% ₹90 Cr 2,700,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK4% ₹87 Cr 680,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY4% ₹82 Cr 1,125,000
↑ 25,000 Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 18 | 5322154% ₹75 Cr 1,000,000 RBL Bank Ltd (Financial Services)
Equity, Since 31 Aug 16 | RBLBANK3% ₹63 Cr 1,820,000
↑ 220,000 KEC International Ltd (Industrials)
Equity, Since 30 Sep 15 | 5327142% ₹51 Cr 1,700,000
↑ 50,000 Jindal Steel & Power Ltd (Basic Materials)
Equity, Since 31 Mar 18 | 5322862% ₹48 Cr 2,850,000 3. L&T Tax Advantage Fund
CAGR/Annualized return of 13.2% since its launch. Ranked 7 in ELSS category. Return for 2019 was 4.6% , 2018 was -8.1% and 2017 was 42.3% . L&T Tax Advantage Fund
Growth Launch Date 27 Feb 06 NAV (14 Feb 20) ₹56.776 ↓ -0.07 (-0.13 %) Net Assets (Cr) ₹3,382 on 31 Dec 19 Category Equity - ELSS AMC L&T Investment Management Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.21 Sharpe Ratio 0.15 Information Ratio -0.82 Alpha Ratio -6.06 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 15 ₹10,000 31 Jan 16 ₹9,178 31 Jan 17 ₹11,172 31 Jan 18 ₹15,264 31 Jan 19 ₹13,337 31 Jan 20 ₹14,638 Returns for L&T Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Feb 20 Duration Returns 1 Month 0% 3 Month 4.9% 6 Month 11.8% 1 Year 14.6% 3 Year 8.7% 5 Year 8.3% 10 Year 15 Year Since launch 13.2% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Venugopal Manghat 17 Dec 19 0.04 Yr. Vihang Naik 17 Dec 19 0.04 Yr. Data below for L&T Tax Advantage Fund as on 31 Dec 19
Equity Sector Allocation
Sector Value Financial Services 37.71% Technology 11.71% Basic Materials 11.06% Consumer Cyclical 9.33% Health Care 9.31% Industrials 7.96% Energy 4.51% Consumer Defensive 3.84% Communication Services 2.98% Asset Allocation
Asset Class Value Cash 2.17% Equity 98.43% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK8% ₹269 Cr 4,984,600 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK7% ₹223 Cr 1,751,800 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 09 | TCS5% ₹161 Cr 747,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | KOTAKBANK4% ₹140 Cr 834,000
↑ 68,900 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCE4% ₹129 Cr 853,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 06 | LT3% ₹111 Cr 853,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 17 | BHARTIARTL3% ₹101 Cr 2,214,200 Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY3% ₹100 Cr 1,370,200 HCL Technologies Ltd (Technology)
Equity, Since 30 Sep 17 | HCLTECH3% ₹100 Cr 1,758,400 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 May 17 | HDFC3% ₹96 Cr 399,000 4. Principal Tax Savings Fund
CAGR/Annualized return of 15.6% since its launch. Ranked 8 in ELSS category. Return for 2019 was 2.5% , 2018 was -9.2% and 2017 was 48.8% . Principal Tax Savings Fund
Growth Launch Date 31 Mar 96 NAV (14 Feb 20) ₹209.44 ↓ -1.58 (-0.75 %) Net Assets (Cr) ₹408 on 31 Dec 19 Category Equity - ELSS AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.61 Sharpe Ratio -0.01 Information Ratio -0.5 Alpha Ratio -6.43 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 15 ₹10,000 31 Jan 16 ₹9,017 31 Jan 17 ₹11,113 31 Jan 18 ₹15,546 31 Jan 19 ₹13,678 31 Jan 20 ₹14,412 Returns for Principal Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Feb 20 Duration Returns 1 Month -1% 3 Month 3.3% 6 Month 8.9% 1 Year 9.3% 3 Year 8.4% 5 Year 7.9% 10 Year 15 Year Since launch 15.6% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Sudhir Kedia 29 Oct 19 0.17 Yr. Data below for Principal Tax Savings Fund as on 31 Dec 19
Equity Sector Allocation
Sector Value Financial Services 37.42% Consumer Defensive 10.7% Technology 8.37% Energy 7.86% Consumer Cyclical 6.78% Industrials 6.41% Basic Materials 6.18% Utility 6% Health Care 5.51% Communication Services 2.28% Asset Allocation
Asset Class Value Cash 2.41% Equity 97.59% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK8% ₹33 Cr 255,638 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK7% ₹28 Cr 526,148 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 08 | RELIANCE6% ₹24 Cr 160,306 Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY4% ₹17 Cr 230,898 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFC4% ₹15 Cr 61,980 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jan 16 | KOTAKBANK4% ₹14 Cr 84,915 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 14 | TCS3% ₹14 Cr 65,877
↓ -293 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 13 | LT3% ₹14 Cr 108,085
↑ 13,223 State Bank of India (Financial Services)
Equity, Since 30 Apr 05 | SBIN3% ₹14 Cr 412,371
↓ -67,480 ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC3% ₹13 Cr 553,436 5. BNP Paribas Long Term Equity Fund (ELSS)
CAGR/Annualized return of 10.9% since its launch. Ranked 22 in ELSS category. Return for 2019 was 14.3% , 2018 was -9.3% and 2017 was 42.3% . BNP Paribas Long Term Equity Fund (ELSS)
Growth Launch Date 5 Jan 06 NAV (14 Feb 20) ₹43.069 ↓ -0.15 (-0.34 %) Net Assets (Cr) ₹474 on 31 Dec 19 Category Equity - ELSS AMC BNP Paribas Asset Mgmt India Pvt. Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.56 Sharpe Ratio 1.01 Information Ratio -0.09 Alpha Ratio 4.87 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 15 ₹10,000 31 Jan 16 ₹9,171 31 Jan 17 ₹9,894 31 Jan 18 ₹12,967 31 Jan 19 ₹11,877 31 Jan 20 ₹14,067 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 14 Feb 20 Duration Returns 1 Month 2% 3 Month 6.2% 6 Month 15.1% 1 Year 22.6% 3 Year 12% 5 Year 7.6% 10 Year 15 Year Since launch 10.9% Historical performance (Yearly) on absolute basis
Year Returns 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% 2010 14.9% Fund Manager information for BNP Paribas Long Term Equity Fund (ELSS)
Name Since Tenure Abhijeet Dey 16 Nov 16 3.04 Yr. Karthikraj Lakshmanan 7 Oct 16 3.15 Yr. Data below for BNP Paribas Long Term Equity Fund (ELSS) as on 31 Dec 19
Equity Sector Allocation
Sector Value Financial Services 41.97% Technology 8.89% Industrials 7.4% Basic Materials 7.16% Communication Services 6.69% Consumer Cyclical 6.67% Consumer Defensive 5.03% Energy 4.07% Utility 3.23% Health Care 2.55% Asset Allocation
Asset Class Value Cash 6.34% Equity 93.66% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFCBANK10% ₹46 Cr 360,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 12 | ICICIBANK9% ₹42 Cr 788,000 Treps
CBLO/Reverse Repo | -7% ₹32 Cr Infosys Ltd (Technology)
Equity, Since 31 Mar 09 | INFY5% ₹23 Cr 315,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 18 | RELIANCE4% ₹19 Cr 127,500 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322154% ₹17 Cr 230,000
↓ -67,141 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 19 | BHARTIARTL3% ₹15 Cr 320,950
↑ 30,000 Sundaram Finance Ltd (Financial Services)
Equity, Since 31 Dec 18 | SUNDARMFIN3% ₹14 Cr 85,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 28 Feb 15 | KOTAKBANK3% ₹13 Cr 75,000 Alkem Laboratories Ltd (Healthcare)
Equity, Since 31 Dec 17 | ALKEM3% ₹12 Cr 60,000 6. BOI AXA Tax Advantage Fund
CAGR/Annualized return of 17.7% since its launch. Ranked 13 in ELSS category. Return for 2019 was 14.6% , 2018 was -16.3% and 2017 was 57.7% . BOI AXA Tax Advantage Fund
Growth Launch Date 25 Feb 09 NAV (14 Feb 20) ₹59.9 ↓ -0.17 (-0.28 %) Net Assets (Cr) ₹266 on 31 Dec 19 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 3.02 Sharpe Ratio 0.78 Information Ratio 0.14 Alpha Ratio 4.65 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 15 ₹10,000 31 Jan 16 ₹9,078 31 Jan 17 ₹10,153 31 Jan 18 ₹14,773 31 Jan 19 ₹12,046 31 Jan 20 ₹14,898 Returns for BOI AXA Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Feb 20 Duration Returns 1 Month 6.4% 3 Month 10.2% 6 Month 23.5% 1 Year 29.7% 3 Year 13.9% 5 Year 9% 10 Year 15 Year Since launch 17.7% Historical performance (Yearly) on absolute basis
Year Returns 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% 2010 5.9% Fund Manager information for BOI AXA Tax Advantage Fund
Name Since Tenure Aakash Manghani 15 Jul 19 0.46 Yr. Data below for BOI AXA Tax Advantage Fund as on 31 Dec 19
Equity Sector Allocation
Sector Value Financial Services 44.11% Basic Materials 12.79% Consumer Cyclical 8.43% Industrials 6.86% Health Care 5.53% Technology 5.18% Energy 4.94% Consumer Defensive 4.89% Communication Services 2.18% Utility 1.17% Real Estate 1.05% Asset Allocation
Asset Class Value Cash 2.87% Equity 97.13% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 18 | 5000347% ₹19 Cr 43,814 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK7% ₹18 Cr 337,241 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK6% ₹17 Cr 131,179 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE5% ₹13 Cr 86,583
↑ 6,448 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | KOTAKBANK5% ₹12 Cr 71,724 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 May 19 | HDFC3% ₹8 Cr 33,400 PI Industries Ltd (Basic Materials)
Equity, Since 30 Nov 18 | PIIND3% ₹8 Cr 54,155 Abbott India Ltd (Healthcare)
Equity, Since 31 Aug 18 | 5004883% ₹7 Cr 5,731 Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 18 | 5322153% ₹7 Cr 97,680 Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 18 | DIVISLAB3% ₹7 Cr 39,000 7. Kotak Tax Saver Scheme
CAGR/Annualized return of 11.8% since its launch. Ranked 19 in ELSS category. Return for 2019 was 12.7% , 2018 was -3.8% and 2017 was 33.8% . Kotak Tax Saver Scheme
Growth Launch Date 23 Nov 05 NAV (14 Feb 20) ₹48.82 ↓ -0.19 (-0.39 %) Net Assets (Cr) ₹1,068 on 31 Dec 19 Category Equity - ELSS AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.4 Sharpe Ratio 0.76 Information Ratio -0.14 Alpha Ratio 3.49 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 15 ₹10,000 31 Jan 16 ₹8,785 31 Jan 17 ₹10,769 31 Jan 18 ₹13,422 31 Jan 19 ₹12,851 31 Jan 20 ₹15,162 Returns for Kotak Tax Saver Scheme
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Feb 20 Duration Returns 1 Month 1.6% 3 Month 7% 6 Month 15.2% 1 Year 21.1% 3 Year 11.4% 5 Year 9% 10 Year 15 Year Since launch 11.8% Historical performance (Yearly) on absolute basis
Year Returns 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% 2010 19.9% Fund Manager information for Kotak Tax Saver Scheme
Name Since Tenure Harsha Upadhyaya 25 Aug 15 3.44 Yr. Data below for Kotak Tax Saver Scheme as on 31 Dec 19
Equity Sector Allocation
Sector Value Financial Services 28.37% Industrials 19.08% Basic Materials 18.36% Energy 7.63% Technology 7% Consumer Cyclical 6.33% Consumer Defensive 5.52% Utility 3.5% Health Care 2.08% Asset Allocation
Asset Class Value Cash 2.1% Equity 97.86% Other 0.04% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK7% ₹75 Cr 1,400,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE7% ₹70 Cr 464,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK6% ₹61 Cr 480,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | 5322155% ₹58 Cr 775,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 14 | LT4% ₹39 Cr 300,000
↑ 50,000 GlaxoSmithKline Consumer Healthcare Ltd (Consumer Defensive)
Equity, Since 30 Nov 17 | 5006764% ₹37 Cr 45,000 SRF Ltd (Basic Materials)
Equity, Since 30 Apr 16 | SRF3% ₹36 Cr 105,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 18 | TCS3% ₹32 Cr 150,000 AU Small Finance Bank Ltd (Financial Services)
Equity, Since 30 Jun 17 | 5406113% ₹32 Cr 400,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Mar 19 | KOTAKBANK3% ₹32 Cr 190,000
↑ 40,000 8. HDFC Long Term Advantage Fund
CAGR/Annualized return of 20.9% since its launch. Ranked 23 in ELSS category. Return for 2019 was 10.1% , 2018 was -3.9% and 2017 was 36.2% . HDFC Long Term Advantage Fund
Growth Launch Date 2 Jan 01 NAV (14 Feb 20) ₹374.051 ↓ -0.51 (-0.14 %) Net Assets (Cr) ₹1,399 on 31 Dec 19 Category Equity - ELSS AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.17 Sharpe Ratio 0.56 Information Ratio -0.9 Alpha Ratio -6.36 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 15 ₹10,000 31 Jan 16 ₹8,921 31 Jan 17 ₹11,132 31 Jan 18 ₹14,818 31 Jan 19 ₹13,885 31 Jan 20 ₹15,232
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 14 Feb 20 Duration Returns 1 Month -1.9% 3 Month 3.3% 6 Month 9.7% 1 Year 13% 3 Year 10.3% 5 Year 9% 10 Year 15 Year Since launch 20.9% Historical performance (Yearly) on absolute basis
Year Returns 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% 2010 28.4% Fund Manager information for HDFC Long Term Advantage Fund
Name Since Tenure Chirag Setalvad 2 Apr 07 12.76 Yr. Data below for HDFC Long Term Advantage Fund as on 31 Dec 19
Equity Sector Allocation
Sector Value Financial Services 35.56% Industrials 18.59% Energy 13.15% Technology 10.8% Basic Materials 5.79% Consumer Defensive 4.91% Consumer Cyclical 2.26% Utility 2.07% Communication Services 1.7% Health Care 1.65% Asset Allocation
Asset Class Value Cash 3.51% Equity 96.49% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK10% ₹137 Cr 2,550,000
↓ -140,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 13 | HDFCBANK10% ₹137 Cr 1,078,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 05 | RELIANCE9% ₹132 Cr 875,000 Infosys Ltd (Technology)
Equity, Since 30 Nov 06 | INFY8% ₹106 Cr 1,453,908 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFC7% ₹97 Cr 400,000 State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN6% ₹87 Cr 2,600,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Oct 07 | LT6% ₹79 Cr 607,500 ITC Ltd (Consumer Defensive)
Equity, Since 31 Oct 05 | ITC5% ₹67 Cr 2,822,910 Treps - Tri-Party Repo
CBLO/Reverse Repo | -4% ₹51 Cr Bharat Petroleum Corp Ltd (Energy)
Equity, Since 30 Sep 12 | 5005474% ₹49 Cr 1,000,000 9. Invesco India Tax Plan
CAGR/Annualized return of 14% since its launch. Ranked 17 in ELSS category. Return for 2019 was 9.4% , 2018 was -1.3% and 2017 was 35.7% . Invesco India Tax Plan
Growth Launch Date 29 Dec 06 NAV (14 Feb 20) ₹56.15 ↓ -0.16 (-0.28 %) Net Assets (Cr) ₹988 on 31 Dec 19 Category Equity - ELSS AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.39 Sharpe Ratio 0.5 Information Ratio -0.34 Alpha Ratio -1.4 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 15 ₹10,000 31 Jan 16 ₹9,550 31 Jan 17 ₹10,868 31 Jan 18 ₹14,445 31 Jan 19 ₹13,696 31 Jan 20 ₹15,524 Returns for Invesco India Tax Plan
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Feb 20 Duration Returns 1 Month 3.1% 3 Month 6.3% 6 Month 16.1% 1 Year 18.8% 3 Year 12.8% 5 Year 9.4% 10 Year 15 Year Since launch 14% Historical performance (Yearly) on absolute basis
Year Returns 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% 2010 22.1% Fund Manager information for Invesco India Tax Plan
Name Since Tenure Amit Ganatra 29 Mar 18 1.76 Yr. Dhimant Kothari 29 Mar 18 1.76 Yr. Data below for Invesco India Tax Plan as on 31 Dec 19
Equity Sector Allocation
Sector Value Financial Services 37.51% Consumer Cyclical 10.99% Consumer Defensive 9.99% Energy 9.7% Technology 8.76% Health Care 6.44% Industrials 5.91% Basic Materials 5.13% Utility 2.37% Communication Services 1.53% Asset Allocation
Asset Class Value Cash 1.67% Equity 98.33% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK9% ₹86 Cr 678,130 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE9% ₹85 Cr 563,639
↑ 10,132 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK8% ₹84 Cr 1,551,916 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 18 | HDFC7% ₹70 Cr 289,121 Infosys Ltd (Technology)
Equity, Since 31 Dec 19 | INFY5% ₹50 Cr 678,124
↑ 678,124 ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 19 | ITC4% ₹38 Cr 1,615,672 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Dec 19 | MARUTI4% ₹36 Cr 48,701
↑ 48,701 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 19 | KOTAKBANK4% ₹36 Cr 212,897 Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | 5322154% ₹35 Cr 470,681
↑ 68,785 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Jun 19 | 5006963% ₹29 Cr 149,509 10. Sundaram Diversified Equity Fund
CAGR/Annualized return of 16.2% since its launch. Ranked 14 in ELSS category. Return for 2019 was 6.2% , 2018 was -10.6% and 2017 was 38.4% . Sundaram Diversified Equity Fund
Growth Launch Date 22 Nov 99 NAV (14 Feb 20) ₹105.138 ↓ -0.16 (-0.15 %) Net Assets (Cr) ₹2,578 on 31 Dec 19 Category Equity - ELSS AMC Sundaram Asset Management Company Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.23 Sharpe Ratio 0.26 Information Ratio -0.97 Alpha Ratio -4.8 Min Investment 500 Min SIP Investment 250 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 15 ₹10,000 31 Jan 16 ₹9,150 31 Jan 17 ₹11,153 31 Jan 18 ₹14,329 31 Jan 19 ₹12,609 31 Jan 20 ₹13,852 Returns for Sundaram Diversified Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Feb 20 Duration Returns 1 Month 0.7% 3 Month 2.9% 6 Month 12.4% 1 Year 13.4% 3 Year 6.5% 5 Year 6.8% 10 Year 15 Year Since launch 16.2% Historical performance (Yearly) on absolute basis
Year Returns 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% 2010 13.1% Fund Manager information for Sundaram Diversified Equity Fund
Name Since Tenure S Krishnakumar 1 Apr 15 4.75 Yr. Dwijendra Srivastava 30 Dec 17 2 Yr. Rohit Seksaria 30 Dec 17 2 Yr. Data below for Sundaram Diversified Equity Fund as on 31 Dec 19
Equity Sector Allocation
Sector Value Financial Services 37.56% Industrials 16.18% Consumer Defensive 8.19% Consumer Cyclical 7.86% Energy 7.53% Basic Materials 6.91% Technology 6.51% Communication Services 4.52% Health Care 1.53% Utility 1.04% Asset Allocation
Asset Class Value Cash 2.15% Equity 97.85% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 11 | ICICIBANK8% ₹207 Cr 3,839,029 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 12 | RELIANCE6% ₹167 Cr 1,099,829 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | HDFCBANK6% ₹160 Cr 1,260,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Jul 19 | HDFC4% ₹114 Cr 472,812 Axis Bank Ltd (Financial Services)
Equity, Since 31 May 18 | 5322154% ₹109 Cr 1,448,372 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 May 18 | LT4% ₹103 Cr 792,788 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Oct 12 | 5000343% ₹87 Cr 205,804 SBI Life Insurance Co Ltd (Financial Services)
Equity, Since 30 Sep 17 | 5407193% ₹73 Cr 763,254 Siemens Ltd (Industrials)
Equity, Since 31 Mar 17 | 5005503% ₹66 Cr 444,000 ICICI Lombard General Insurance Co Ltd (Financial Services)
Equity, Since 30 Sep 17 | 5407163% ₹65 Cr 470,338
↓ -92,453 11. IDBI Equity Advantage Fund
CAGR/Annualized return of since its launch. Ranked 21 in ELSS category. Return for 2019 was 5.7% , 2018 was -1.7% and 2017 was 35.3% . IDBI Equity Advantage Fund
Growth Launch Date 10 Sep 13 NAV (14 Feb 20) ₹28.54 ↓ -0.23 (-0.80 %) Net Assets (Cr) ₹576 on 31 Dec 19 Category Equity - ELSS AMC IDBI Asset Management Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.53 Sharpe Ratio 0.22 Information Ratio -0.3 Alpha Ratio -3.93 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 15 ₹10,000 31 Jan 16 ₹9,065 31 Jan 17 ₹10,072 31 Jan 18 ₹12,843 31 Jan 19 ₹12,023 31 Jan 20 ₹13,658 Returns for IDBI Equity Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Feb 20 Duration Returns 1 Month -0.1% 3 Month 2.1% 6 Month 14.1% 1 Year 14.4% 3 Year 10% 5 Year 6.4% 10 Year 15 Year Since launch Historical performance (Yearly) on absolute basis
Year Returns 2019 5.7% 2018 -1.7% 2017 35.3% 2016 0% 2015 3.1% 2014 71.2% 2013 2012 2011 2010 Fund Manager information for IDBI Equity Advantage Fund
Name Since Tenure Uma Venkatraman 1 Jul 18 1.5 Yr. Data below for IDBI Equity Advantage Fund as on 31 Dec 19
Equity Sector Allocation
Sector Value Consumer Cyclical 29.36% Financial Services 20.26% Consumer Defensive 20.17% Basic Materials 11.2% Industrials 8.54% Health Care 4.26% Energy 1.27% Asset Allocation
Asset Class Value Cash 4.31% Equity 95.06% Other 0.64% Top Securities Holdings / Portfolio
Name Holding Value Quantity VST Industries Ltd (Consumer Defensive)
Equity, Since 30 Sep 13 | 5099666% ₹36 Cr 86,262 Pidilite Industries Ltd (Basic Materials)
Equity, Since 30 Sep 13 | PIDILITIND6% ₹34 Cr 242,235 Bata India Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 5000436% ₹33 Cr 190,489 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 30 Nov 13 | CHOLAFIN6% ₹33 Cr 1,067,825 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 13 | KOTAKBANK6% ₹32 Cr 191,141 MRF Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 5002906% ₹32 Cr 4,827 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 31 Jan 14 | 5323435% ₹31 Cr 671,959 Asian Paints Ltd (Basic Materials)
Equity, Since 30 Sep 13 | 5008205% ₹28 Cr 159,407 Page Industries Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 5328275% ₹27 Cr 11,670 Treps
CBLO/Reverse Repo | -5% ₹26 Cr 2,635,810
↓ -1,249,214
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.