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11 Best performing Tax Saving (ELSS) Mutual Funds for 2018 - 2019

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11 Best Tax Saving ELSS Mutual Funds 2018 - 2019

Updated on November 18, 2018 , 900 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 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.

ELSS

Top 11 Best Performing ELSS Mutual Funds for Investment in 2018

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2017 (%)
Tata India Tax Savings Fund Growth ₹16.4435
↓ -0.18
₹1,425-9-5.1-5.211.2 46
IDFC Tax Advantage (ELSS) Fund Growth ₹53.08
↓ -0.58
₹1,607-8.2-8.5-5.112.117.253.4
L&T Tax Advantage Fund Growth ₹53.131
↓ -0.38
₹3,176-7.2-5-3.112.817.142.3
Principal Tax Savings Fund Growth ₹199.06
↓ -2.37
₹368-7.6-4.7-7.612.71848.8
DSP BlackRock Tax Saver Fund Growth ₹43.888
↓ -0.43
₹4,329-8.7-3.4-6.311.117.936.3
Invesco India Tax Plan Growth ₹47.87
↓ -0.31
₹620-10.3-2.90.111.318.735.7
IDBI Equity Advantage Fund Growth ₹25.77
↓ -0.09
₹602-6.5-4.7-1.88.619.435.3
HDFC Long Term Advantage Fund Growth ₹334.129
↓ -3.68
₹1,418-6.1-0.1-213.416.636.2
Kotak Tax Saver Scheme Growth ₹40.27
↓ -0.29
₹727-6.9-1.1-3.910.317.433.8
Sundaram Diversified Equity Fund Growth ₹93.9098
↓ -0.78
₹2,524-11.7-9.1-98.91538.4
BOI AXA Tax Advantage Fund Growth ₹47.74
↓ -0.27
₹183-16.5-16.2-10.58.714.157.7
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 20 Nov 18

*Above is list of top ELSS (Equity Linked Saving Scheme) having AUM/Net Assets above than 500 Crore and having fund age >= 3 years.

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 12.9% since its launch.  Ranked 1 in ELSS category.  Return for 2017 was 46% , 2016 was 2.1% and 2015 was 13.3% .

Below is the key information for Tata India Tax Savings Fund

Tata India Tax Savings Fund
Growth
Launch Date 13 Oct 14
NAV (20 Nov 18) ₹16.4435 ↓ -0.18   (-1.07 %)
Net Assets (Cr) ₹1,425 on 31 Oct 18
Category Equity - ELSS
AMC Tata Asset Management Limited
Rating
Risk Moderately High
Expense Ratio 2.61
Sharpe Ratio -0.56
Information Ratio -0.03
Alpha Ratio -12.24
Min Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Oct 14₹10,000
31 Oct 15₹11,574
31 Oct 16₹13,481
31 Oct 17₹16,728
31 Oct 18₹15,426

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 20 Nov 18

DurationReturns
1 Month 4.8%
3 Month -9%
6 Month -5.1%
1 Year -5.2%
3 Year 11.2%
5 Year
10 Year
15 Year
Since launch 12.9%
Historical performance (Yearly) on absolute basis
YearReturns
2017 46%
2016 2.1%
2015 13.3%
2014
2013
2012
2011
2010
2009
2008
Fund Manager information for Tata India Tax Savings Fund
NameSinceTenure
Rupesh Patel1 Apr 153.59 Yr.
Ennette Fernandes18 Jun 180.37 Yr.

Data below for Tata India Tax Savings Fund as on 31 Oct 18

Equity Sector Allocation
SectorValue
Financial Services38.04%
Consumer Cyclical16.26%
Consumer Defensive8.9%
Industrials8.02%
Technology6.95%
Health Care6.29%
Basic Materials5.13%
Energy3.72%
Real Estate0.56%
Asset Allocation
Asset ClassValue
Cash5.35%
Equity93.88%
Debt0.76%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK
11%₹159 Cr4,465,000
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK
8%₹107 Cr560,000
Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY
5%₹70 Cr1,020,000
↑ 500,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 532215
4%₹64 Cr1,100,000
↑ 120,000
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 15 | KOTAKBANK
4%₹63 Cr560,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC
4%₹55 Cr310,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE
4%₹53 Cr500,000
(A) Cblo
CBLO | -
3%₹43 Cr
Havells India Ltd (Industrials)
Equity, Since 31 Aug 17 | 517354
3%₹42 Cr656,000
ITC Ltd (Consumer Defensive)
Equity, Since 30 Sep 16 | ITC
3%₹37 Cr1,330,000

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 18.4% since its launch.  Ranked 3 in ELSS category.  Return for 2017 was 53.4% , 2016 was 0.4% and 2015 was 6.9% .

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

IDFC Tax Advantage (ELSS) Fund
Growth
Launch Date 26 Dec 08
NAV (20 Nov 18) ₹53.08 ↓ -0.58   (-1.08 %)
Net Assets (Cr) ₹1,607 on 31 Oct 18
Category Equity - ELSS
AMC IDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 2.74
Sharpe Ratio -0.57
Information Ratio 0.12
Alpha Ratio -5.87
Min Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Oct 13₹10,000
31 Oct 14₹14,293
31 Oct 15₹15,838
31 Oct 16₹17,874
31 Oct 17₹23,361
31 Oct 18₹21,879

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 20 Nov 18

DurationReturns
1 Month 3.4%
3 Month -8.2%
6 Month -8.5%
1 Year -5.1%
3 Year 12.1%
5 Year 17.2%
10 Year
15 Year
Since launch 18.4%
Historical performance (Yearly) on absolute basis
YearReturns
2017 53.4%
2016 0.4%
2015 6.9%
2014 42.2%
2013 15%
2012 36.2%
2011 -23.3%
2010 24%
2009 70.8%
2008
Fund Manager information for IDFC Tax Advantage (ELSS) Fund
NameSinceTenure
Daylynn Pinto20 Oct 162.03 Yr.

Data below for IDFC Tax Advantage (ELSS) Fund as on 31 Oct 18

Equity Sector Allocation
SectorValue
Financial Services24.07%
Consumer Cyclical17.66%
Basic Materials11.65%
Technology10.13%
Consumer Defensive7.82%
Industrials7.58%
Health Care5.41%
Energy5.05%
Utility5.01%
Asset Allocation
Asset ClassValue
Cash5%
Equity94.99%
Other0.01%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK
5%₹82 Cr2,300,000
↑ 100,000
Cblo
CBLO | -
5%₹79 Cr
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK
4%₹67 Cr350,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE
3%₹56 Cr525,000
↑ 35,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY
3%₹53 Cr775,000
↑ 25,000
Future Retail Ltd (Consumer Cyclical)
Equity, Since 31 Aug 16 | FRETAIL
3%₹46 Cr949,621
↑ 99,621
RBL Bank Ltd (Financial Services)
Equity, Since 31 Aug 16 | RBLBANK
3%₹43 Cr826,519
↑ 1,519
ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 18 | ITC
3%₹42 Cr1,500,000
↓ -250,000
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | KOTAKBANK
2%₹32 Cr285,000
Nestle India Ltd (Consumer Defensive)
Equity, Since 28 Feb 18 | NESTLEIND
2%₹31 Cr30,300
↑ 300

3. 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 14% since its launch.  Ranked 7 in ELSS category.  Return for 2017 was 42.3% , 2016 was 8.1% and 2015 was 2.9% .

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

L&T Tax Advantage Fund
Growth
Launch Date 27 Feb 06
NAV (20 Nov 18) ₹53.131 ↓ -0.38   (-0.71 %)
Net Assets (Cr) ₹3,176 on 31 Oct 18
Category Equity - ELSS
AMC L&T Investment Management Ltd
Rating
Risk Moderately High
Expense Ratio 2.61
Sharpe Ratio -0.56
Information Ratio 0.28
Alpha Ratio -5.33
Min Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Oct 13₹10,000
31 Oct 14₹14,316
31 Oct 15₹15,194
31 Oct 16₹17,745
31 Oct 17₹22,549
31 Oct 18₹21,277

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 20 Nov 18

DurationReturns
1 Month 2.5%
3 Month -7.2%
6 Month -5%
1 Year -3.1%
3 Year 12.8%
5 Year 17.1%
10 Year
15 Year
Since launch 14%
Historical performance (Yearly) on absolute basis
YearReturns
2017 42.3%
2016 8.1%
2015 2.9%
2014 44.8%
2013 6.8%
2012 27.4%
2011 -21.8%
2010 29.2%
2009 86.7%
2008 -50.1%
Fund Manager information for L&T Tax Advantage Fund
NameSinceTenure
S.N. Lahiri24 Nov 125.94 Yr.

Data below for L&T Tax Advantage Fund as on 31 Oct 18

Equity Sector Allocation
SectorValue
Financial Services26.19%
Industrials15.57%
Basic Materials14.63%
Consumer Cyclical13.42%
Technology12.15%
Health Care5.98%
Energy3.3%
Consumer Defensive2.87%
Communication Services1.51%
Utility1.22%
Asset Allocation
Asset ClassValue
Cash2.06%
Equity97.85%
Other0.1%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Graphite India Ltd (Industrials)
Equity, Since 31 Jan 17 | 509488
5%₹159 Cr1,674,970
↑ 100,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK
5%₹149 Cr777,700
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK
5%₹148 Cr4,180,200
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 May 17 | HDFC
4%₹121 Cr684,900
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 09 | 532540
3%₹105 Cr542,200
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 06 | LT
3%₹98 Cr753,000
Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY
3%₹93 Cr1,355,000
ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 07 | ITC
3%₹91 Cr3,255,100
Future Retail Ltd (Consumer Cyclical)
Equity, Since 31 Aug 16 | FRETAIL
3%₹87 Cr1,786,000
↑ 460,000
Sterlite Technologies Ltd (Technology)
Equity, Since 31 Jan 17 | STRTECH
3%₹86 Cr2,267,100
↑ 100,000

4. Principal Tax Savings Fund

To build a high quality growth-oriented portfolio to provide long-term capital gains to the investors, the scheme aims at providing returns through capital appreciation.

Principal Tax Savings Fund is a Equity - ELSS fund was launched on 31 Mar 96. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 16.2% since its launch.  Ranked 8 in ELSS category.  Return for 2017 was 48.8% , 2016 was 6.2% and 2015 was 2.7% .

Below is the key information for Principal Tax Savings Fund

Principal Tax Savings Fund
Growth
Launch Date 31 Mar 96
NAV (20 Nov 18) ₹199.06 ↓ -2.37   (-1.18 %)
Net Assets (Cr) ₹368 on 31 Oct 18
Category Equity - ELSS
AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd.
Rating
Risk Moderately High
Expense Ratio 2.88
Sharpe Ratio -0.63
Information Ratio 0.54
Alpha Ratio -4.04
Min Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Oct 13₹10,000
31 Oct 14₹15,584
31 Oct 15₹16,118
31 Oct 16₹18,977
31 Oct 17₹24,714
31 Oct 18₹22,571

Returns for Principal Tax Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Nov 18

DurationReturns
1 Month 3.7%
3 Month -7.6%
6 Month -4.7%
1 Year -7.6%
3 Year 12.7%
5 Year 18%
10 Year
15 Year
Since launch 16.2%
Historical performance (Yearly) on absolute basis
YearReturns
2017 48.8%
2016 6.2%
2015 2.7%
2014 49.4%
2013 8.5%
2012 46.5%
2011 -30.4%
2010 15%
2009 64.7%
2008 -64.8%
Fund Manager information for Principal Tax Savings Fund
NameSinceTenure
P.V.K. Mohan1 Sep 108.17 Yr.

Data below for Principal Tax Savings Fund as on 31 Oct 18

Equity Sector Allocation
SectorValue
Financial Services25.28%
Consumer Defensive14.11%
Basic Materials13.58%
Technology11.13%
Industrials9.5%
Consumer Cyclical9.46%
Utility6.87%
Health Care4.86%
Energy3.88%
Asset Allocation
Asset ClassValue
Cash1.33%
Equity98.67%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK
5%₹17 Cr91,334
↓ -5,600
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
4%₹16 Cr447,143
↑ 62,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 08 | RELIANCE
4%₹14 Cr134,452
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 14 | 532540
4%₹13 Cr68,640
ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC
3%₹13 Cr455,396
↓ -24,000
Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY
3%₹11 Cr161,594
↓ -15,000
Tata Power Co Ltd (Utilities)
Equity, Since 30 Nov 17 | 500400
3%₹11 Cr1,382,240
↑ 295,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 13 | LT
3%₹10 Cr77,262
↓ -4,100
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFC
3%₹9 Cr52,670
↓ -6,000
Marico Ltd (Consumer Defensive)
Equity, Since 31 Aug 18 | 531642
2%₹8 Cr264,000
↑ 84,000

5. 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 13.3% since its launch.  Ranked 12 in ELSS category.  Return for 2017 was 36.3% , 2016 was 11.3% and 2015 was 4.4% .

Below is the key information for DSP BlackRock Tax Saver Fund

DSP BlackRock Tax Saver Fund
Growth
Launch Date 18 Jan 07
NAV (20 Nov 18) ₹43.888 ↓ -0.43   (-0.96 %)
Net Assets (Cr) ₹4,329 on 31 Oct 18
Category Equity - ELSS
AMC DSP BlackRock Invmt Managers Pvt. Ltd.
Rating
Risk Moderately High
Expense Ratio 2.47
Sharpe Ratio -0.64
Information Ratio 0.29
Alpha Ratio -3.91
Min Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Oct 13₹10,000
31 Oct 14₹15,212
31 Oct 15₹16,317
31 Oct 16₹19,847
31 Oct 17₹23,818
31 Oct 18₹21,894

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 20 Nov 18

DurationReturns
1 Month 5.2%
3 Month -8.7%
6 Month -3.4%
1 Year -6.3%
3 Year 11.1%
5 Year 17.9%
10 Year
15 Year
Since launch 13.3%
Historical performance (Yearly) on absolute basis
YearReturns
2017 36.3%
2016 11.3%
2015 4.4%
2014 52.2%
2013 6.7%
2012 39.8%
2011 -26.7%
2010 23.3%
2009 84.2%
2008 -56.7%
Fund Manager information for DSP BlackRock Tax Saver Fund
NameSinceTenure
Rohit Singhania16 Jul 153.3 Yr.

Data below for DSP BlackRock Tax Saver Fund as on 31 Oct 18

Equity Sector Allocation
SectorValue
Financial Services35.63%
Technology16.5%
Basic Materials10.28%
Industrials8.74%
Health Care8.42%
Consumer Cyclical6.68%
Energy3.9%
Utility3.32%
Consumer Defensive2.36%
Real Estate0.73%
Asset Allocation
Asset ClassValue
Cash3.1%
Equity96.9%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK
8%₹331 Cr9,331,290
↓ -2,177,145
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK
7%₹284 Cr1,483,881
↑ 7,717
HCL Technologies Ltd (Technology)
Equity, Since 31 Mar 16 | HCLTECH
5%₹202 Cr1,911,259
↑ 108,057
State Bank of India (Financial Services)
Equity, Since 30 Jun 08 | SBIN
4%₹189 Cr6,718,273
↑ 317,220
Cblo / Reverse Repo Investments
CBLO/Reverse Repo | -
4%₹173 Cr
Tech Mahindra Ltd (Technology)
Equity, Since 30 Jun 18 | 532755
4%₹172 Cr2,307,628
↑ 462,374
Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY
4%₹155 Cr2,260,883
↓ -116,152
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 16 | LT
3%₹128 Cr984,103
↓ -44,873
Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Jul 17 | 500034
3%₹122 Cr513,398
↑ 175,275
Tata Steel Ltd (Basic Materials)
Equity, Since 31 Aug 16 | TATASTEEL
2%₹104 Cr1,870,400
↑ 20,234

6. Invesco India Tax Plan

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 CAGR/Annualized return of 14.1% since its launch.  Ranked 17 in ELSS category.  Return for 2017 was 35.7% , 2016 was 3.4% and 2015 was 5.8% .

Below is the key information for Invesco India Tax Plan

Invesco India Tax Plan
Growth
Launch Date 29 Dec 06
NAV (20 Nov 18) ₹47.87 ↓ -0.31   (-0.64 %)
Net Assets (Cr) ₹620 on 31 Oct 18
Category Equity - ELSS
AMC Invesco Asset Management (India) Private Ltd
Rating
Risk Moderately High
Expense Ratio 2.71
Sharpe Ratio -0.17
Information Ratio -0.28
Alpha Ratio 0.44
Min Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Oct 13₹10,000
31 Oct 14₹15,512
31 Oct 15₹17,193
31 Oct 16₹19,157
31 Oct 17₹22,948
31 Oct 18₹22,841

Returns for Invesco India Tax Plan

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Nov 18

DurationReturns
1 Month 2.5%
3 Month -10.3%
6 Month -2.9%
1 Year 0.1%
3 Year 11.3%
5 Year 18.7%
10 Year
15 Year
Since launch 14.1%
Historical performance (Yearly) on absolute basis
YearReturns
2017 35.7%
2016 3.4%
2015 5.8%
2014 54.3%
2013 10.1%
2012 30.3%
2011 -18.9%
2010 22.1%
2009 83.5%
2008 -49.5%
Fund Manager information for Invesco India Tax Plan
NameSinceTenure
Amit Ganatra29 Mar 180.59 Yr.
Dhimant Kothari29 Mar 180.59 Yr.

Data below for Invesco India Tax Plan as on 31 Oct 18

Equity Sector Allocation
SectorValue
Financial Services32.32%
Consumer Cyclical16.47%
Technology12.66%
Energy10.96%
Industrials8.85%
Health Care5.55%
Consumer Defensive4.97%
Utility4.35%
Basic Materials1.25%
Asset Allocation
Asset ClassValue
Cash2.62%
Equity97.38%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK
9%₹54 Cr279,936
↑ 25,022
Infosys Ltd (Technology)
Equity, Since 30 Jun 15 | INFY
7%₹44 Cr646,625
↑ 93,571
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE
7%₹44 Cr416,297
↓ -31,192
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK
6%₹38 Cr1,071,738
↑ 11,460
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | KOTAKBANK
4%₹26 Cr235,622
↑ 2,520
IndusInd Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | INDUSINDBK
4%₹26 Cr181,440
↑ 23,800
Collateralized Borrowing & Lending Obligation
CBLO | -
4%₹25 Cr
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 09 | MARUTI
4%₹25 Cr37,121
↑ 1,749
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 17 | LT
4%₹24 Cr181,704
↑ 1,943
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 18 | HDFC
3%₹19 Cr109,315
↑ 109,315

7. IDBI Equity Advantage Fund

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 CAGR/Annualized return of since its launch.  Ranked 21 in ELSS category.  Return for 2017 was 35.3% , 2016 was 0% and 2015 was 3.1% .

Below is the key information for IDBI Equity Advantage Fund

IDBI Equity Advantage Fund
Growth
Launch Date 10 Sep 13
NAV (20 Nov 18) ₹25.77 ↓ -0.09   (-0.35 %)
Net Assets (Cr) ₹602 on 31 Oct 18
Category Equity - ELSS
AMC IDBI Asset Management Limited
Rating
Risk Moderately High
Expense Ratio 2.86
Sharpe Ratio -0.23
Information Ratio -0.49
Alpha Ratio -1.04
Min Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Oct 13₹10,000
31 Oct 14₹16,477
31 Oct 15₹19,544
31 Oct 16₹21,168
31 Oct 17₹24,378
31 Oct 18₹23,998

Returns for IDBI Equity 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 20 Nov 18

DurationReturns
1 Month 5.6%
3 Month -6.5%
6 Month -4.7%
1 Year -1.8%
3 Year 8.6%
5 Year 19.4%
10 Year
15 Year
Since launch
Historical performance (Yearly) on absolute basis
YearReturns
2017 35.3%
2016 0%
2015 3.1%
2014 71.2%
2013
2012
2011
2010
2009
2008
Fund Manager information for IDBI Equity Advantage Fund
NameSinceTenure
Ayushi Sethia9 Oct 180.06 Yr.

Data below for IDBI Equity Advantage Fund as on 31 Oct 18

Equity Sector Allocation
SectorValue
Consumer Cyclical34.74%
Financial Services22.13%
Consumer Defensive18.57%
Industrials11.53%
Basic Materials10.71%
Asset Allocation
Asset ClassValue
Cash2.31%
Equity97.68%
Debt0.01%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Page Industries Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 532827
8%₹47 Cr15,969
TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 31 Jan 14 | 532343
7%₹44 Cr803,574
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 30 Nov 13 | CHOLAFIN
7%₹39 Cr308,490
GRUH Finance Ltd (Financial Services)
Equity, Since 30 Sep 13 | 511288
6%₹34 Cr1,188,209
MRF Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 500290
5%₹32 Cr4,950
Pidilite Industries Ltd (Basic Materials)
Equity, Since 30 Sep 13 | PIDILITIND
5%₹31 Cr322,946
Eicher Motors Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | EICHERMOT
5%₹29 Cr13,037
VST Industries Ltd (Consumer Defensive)
Equity, Since 30 Sep 13 | 509966
5%₹28 Cr88,342
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 13 | KOTAKBANK
5%₹28 Cr246,474
Nestle India Ltd (Consumer Defensive)
Equity, Since 30 Sep 13 | NESTLEIND
4%₹24 Cr23,954

8. HDFC Long Term Advantage Fund

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 CAGR/Annualized return of 21.7% since its launch.  Ranked 23 in ELSS category.  Return for 2017 was 36.2% , 2016 was 13% and 2015 was -2.4% .

Below is the key information for HDFC Long Term Advantage Fund

HDFC Long Term Advantage Fund
Growth
Launch Date 2 Jan 01
NAV (20 Nov 18) ₹334.129 ↓ -3.68   (-1.09 %)
Net Assets (Cr) ₹1,418 on 31 Oct 18
Category Equity - ELSS
AMC HDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 2.49
Sharpe Ratio -0.39
Information Ratio 0.36
Alpha Ratio -7.87
Min Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Oct 13₹10,000
31 Oct 14₹14,859
31 Oct 15₹14,621
31 Oct 16₹17,496
31 Oct 17₹21,344
31 Oct 18₹20,653


Purchase not allowed

Returns for HDFC Long Term 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 20 Nov 18

DurationReturns
1 Month 4.9%
3 Month -6.1%
6 Month -0.1%
1 Year -2%
3 Year 13.4%
5 Year 16.6%
10 Year
15 Year
Since launch 21.7%
Historical performance (Yearly) on absolute basis
YearReturns
2017 36.2%
2016 13%
2015 -2.4%
2014 44.7%
2013 11%
2012 28.8%
2011 -23.5%
2010 28.4%
2009 88.9%
2008 -52.4%
Fund Manager information for HDFC Long Term Advantage Fund
NameSinceTenure
Chirag Setalvad2 Apr 0711.59 Yr.
Rakesh Vyas10 May 126.48 Yr.

Data below for HDFC Long Term Advantage Fund as on 31 Oct 18

Equity Sector Allocation
SectorValue
Financial Services30.05%
Industrials20.87%
Energy11.14%
Technology9.55%
Basic Materials9.38%
Consumer Defensive4.7%
Health Care4.37%
Consumer Cyclical3.94%
Utility2%
Communication Services0.84%
Asset Allocation
Asset ClassValue
Cash3.15%
Equity96.85%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 13 | HDFCBANK
9%₹123 Cr645,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 05 | RELIANCE
9%₹122 Cr1,150,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
8%₹117 Cr3,300,000
Infosys Ltd (Technology)
Equity, Since 30 Nov 06 | INFY
7%₹100 Cr1,453,908
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Oct 07 | LT
6%₹79 Cr607,500
State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN
5%₹73 Cr2,600,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFC
5%₹71 Cr400,000
ITC Ltd (Consumer Defensive)
Equity, Since 31 Oct 05 | ITC
5%₹65 Cr2,322,910
AIA Engineering Ltd (Industrials)
Equity, Since 30 Sep 12 | AIAENG
4%₹51 Cr300,000
Net Current Assets
Net Current Assets | -
3%₹45 Cr

9. Kotak Tax Saver Scheme

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 CAGR/Annualized return of 11.3% since its launch.  Ranked 19 in ELSS category.  Return for 2017 was 33.8% , 2016 was 7.5% and 2015 was 1.5% .

Below is the key information for Kotak Tax Saver Scheme

Kotak Tax Saver Scheme
Growth
Launch Date 23 Nov 05
NAV (20 Nov 18) ₹40.27 ↓ -0.29   (-0.72 %)
Net Assets (Cr) ₹727 on 31 Oct 18
Category Equity - ELSS
AMC Kotak Mahindra Asset Management Co Ltd
Rating
Risk Moderately High
Expense Ratio 2.73
Sharpe Ratio -0.64
Information Ratio -0.03
Alpha Ratio -3.31
Min Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Oct 13₹10,000
31 Oct 14₹15,018
31 Oct 15₹16,391
31 Oct 16₹18,974
31 Oct 17₹22,621
31 Oct 18₹21,200

Returns for Kotak Tax Saver Scheme

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Nov 18

DurationReturns
1 Month 4.1%
3 Month -6.9%
6 Month -1.1%
1 Year -3.9%
3 Year 10.3%
5 Year 17.4%
10 Year
15 Year
Since launch 11.3%
Historical performance (Yearly) on absolute basis
YearReturns
2017 33.8%
2016 7.5%
2015 1.5%
2014 56.6%
2013 -6.3%
2012 36.2%
2011 -26%
2010 19.9%
2009 75%
2008 -59.4%
Fund Manager information for Kotak Tax Saver Scheme
NameSinceTenure
Harsha Upadhyaya25 Aug 153.19 Yr.

Data below for Kotak Tax Saver Scheme as on 31 Oct 18

Equity Sector Allocation
SectorValue
Financial Services25.27%
Industrials13.71%
Technology11.99%
Basic Materials11.78%
Energy7.68%
Consumer Defensive6.33%
Consumer Cyclical5.79%
Health Care5.05%
Utility4.84%
Asset Allocation
Asset ClassValue
Cash4.77%
Equity95.15%
Debt0%
Other0.08%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE
7%₹49 Cr464,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
6%₹47 Cr1,325,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK
6%₹46 Cr240,000
Collateral Borrowing & Lending Obligation
CBLO | -
5%₹36 Cr
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 18 | 532540
5%₹33 Cr170,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 14 | LT
4%₹32 Cr245,000
Infosys Ltd (Technology)
Equity, Since 31 Dec 05 | INFY
4%₹31 Cr450,000
GlaxoSmithKline Consumer Healthcare Ltd (Consumer Defensive)
Equity, Since 30 Nov 17 | 500676
4%₹28 Cr40,000
AU Small Finance Bank Ltd (Financial Services)
Equity, Since 30 Jun 17 | 540611
3%₹22 Cr395,000
Bharat Financial Inclusion Ltd (Financial Services)
Equity, Since 30 Jun 18 | BHARATFIN
3%₹19 Cr219,090

10. Sundaram Diversified Equity Fund

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 CAGR/Annualized return of 16.7% since its launch.  Ranked 14 in ELSS category.  Return for 2017 was 38.4% , 2016 was 6.8% and 2015 was 3.1% .

Below is the key information for Sundaram Diversified Equity Fund

Sundaram Diversified Equity Fund
Growth
Launch Date 22 Nov 99
NAV (20 Nov 18) ₹93.9098 ↓ -0.78   (-0.83 %)
Net Assets (Cr) ₹2,524 on 31 Oct 18
Category Equity - ELSS
AMC Sundaram Asset Management Company Ltd
Rating
Risk Moderately High
Expense Ratio 2.61
Sharpe Ratio -0.72
Information Ratio -0.39
Alpha Ratio -8.9
Min Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Oct 13₹10,000
31 Oct 14₹14,389
31 Oct 15₹15,424
31 Oct 16₹18,138
31 Oct 17₹21,732
31 Oct 18₹19,646

Returns for Sundaram Diversified Equity Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Nov 18

DurationReturns
1 Month 3%
3 Month -11.7%
6 Month -9.1%
1 Year -9%
3 Year 8.9%
5 Year 15%
10 Year
15 Year
Since launch 16.7%
Historical performance (Yearly) on absolute basis
YearReturns
2017 38.4%
2016 6.8%
2015 3.1%
2014 45.7%
2013 1.4%
2012 34.5%
2011 -25.4%
2010 13.1%
2009 72%
2008 -47.6%
Fund Manager information for Sundaram Diversified Equity Fund
NameSinceTenure
S Krishnakumar1 Apr 153.59 Yr.

Data below for Sundaram Diversified Equity Fund as on 31 Oct 18

Equity Sector Allocation
SectorValue
Financial Services27.65%
Consumer Cyclical15.93%
Industrials14%
Technology10.36%
Basic Materials10.02%
Consumer Defensive5.19%
Health Care4.67%
Energy2.44%
Utility2.24%
Asset Allocation
Asset ClassValue
Cash7.25%
Equity92.75%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Cblo
CBLO | -
7%₹187 Cr
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 11 | ICICIBANK
6%₹151 Cr4,261,114
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | HDFCBANK
4%₹112 Cr587,333
↑ 45,960
Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Oct 12 | 500034
4%₹96 Cr401,460
Tech Mahindra Ltd (Technology)
Equity, Since 31 Jul 18 | 532755
3%₹82 Cr1,108,641
Axis Bank Ltd (Financial Services)
Equity, Since 31 May 18 | 532215
3%₹74 Cr1,263,107
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Oct 17 | 532540
3%₹71 Cr365,962
↓ -23,208
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Dec 15 | M&M
3%₹64 Cr840,300
Ramco Cements Ltd (Basic Materials)
Equity, Since 31 Mar 12 | RAMCOCEM
3%₹64 Cr1,070,287
State Bank of India (Financial Services)
Equity, Since 31 Oct 17 | SBIN
2%₹62 Cr2,212,480

11. BOI AXA Tax Advantage Fund

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 CAGR/Annualized return of 17.4% since its launch.  Ranked 13 in ELSS category.  Return for 2017 was 57.7% , 2016 was -1.2% and 2015 was 2.1% .

Below is the key information for BOI AXA Tax Advantage Fund

BOI AXA Tax Advantage Fund
Growth
Launch Date 25 Feb 09
NAV (20 Nov 18) ₹47.74 ↓ -0.27   (-0.56 %)
Net Assets (Cr) ₹183 on 31 Oct 18
Category Equity - ELSS
AMC BOI AXA Investment Mngrs Private Ltd
Rating
Risk Moderately High
Expense Ratio 3.38
Sharpe Ratio -0.75
Information Ratio -0.17
Alpha Ratio -13.84
Min Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Oct 13₹10,000
31 Oct 14₹14,087
31 Oct 15₹15,022
31 Oct 16₹16,518
31 Oct 17₹21,321
31 Oct 18₹18,452

Returns for BOI AXA 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 20 Nov 18

DurationReturns
1 Month 3.8%
3 Month -16.5%
6 Month -16.2%
1 Year -10.5%
3 Year 8.7%
5 Year 14.1%
10 Year
15 Year
Since launch 17.4%
Historical performance (Yearly) on absolute basis
YearReturns
2017 57.7%
2016 -1.2%
2015 2.1%
2014 44%
2013 9.1%
2012 24.8%
2011 -24.1%
2010 5.9%
2009
2008
Fund Manager information for BOI AXA Tax Advantage Fund
NameSinceTenure
Saurabh Kataria29 Jun 135.34 Yr.

Data below for BOI AXA Tax Advantage Fund as on 31 Oct 18

Equity Sector Allocation
SectorValue
Financial Services22.92%
Technology17.82%
Consumer Cyclical16.3%
Industrials13.09%
Basic Materials12.61%
Health Care8.95%
Consumer Defensive4.68%
Energy1.31%
Asset Allocation
Asset ClassValue
Cash2.34%
Equity97.66%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 18 | 500034
5%₹9 Cr37,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK
4%₹8 Cr41,000
↑ 6,000
IndusInd Bank Ltd (Financial Services)
Equity, Since 31 Mar 12 | INDUSINDBK
4%₹7 Cr50,000
↑ 4,000
Vinati Organics Ltd (Basic Materials)
Equity, Since 30 Apr 17 | 524200
4%₹7 Cr42,000
↑ 1,140
Sterlite Technologies Ltd (Technology)
Equity, Since 30 Nov 17 | STRTECH
3%₹6 Cr150,000
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | KOTAKBANK
3%₹6 Cr50,000
Aarti Industries Ltd (Basic Materials)
Equity, Since 31 Aug 14 | 524208
3%₹5 Cr38,000
Graphite India Ltd (Industrials)
Equity, Since 31 Jul 17 | 509488
3%₹5 Cr49,297
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Nov 12 | MARUTI
3%₹5 Cr7,000
↑ 1,000
Cblo
CBLO | -
3%₹5 Cr


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?

  1. Open Free Investment Account for Lifetime at Fincash.com

  2. Complete your Registration and KYC Process

  3. Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!

    Get Started

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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