Table of Contents
Top 11 Equity - ELSS Funds
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.
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.
Talk to our investment specialist
Other tax saving options under Section 80C includes:
One should know combines limit of saving under section 80c is limited to 1.5 Lakhs Per Financial year.
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2022 (%) Tata India Tax Savings Fund Growth ₹32.9538
↑ 0.08 ₹3,557 11.4 14.9 16.4 22.7 12.8 5.9 L&T Tax Advantage Fund Growth ₹89.4863
↑ 0.40 ₹3,300 7.8 14.5 15.5 19.4 9.3 -3 Principal Tax Savings Fund Growth ₹379.456
↑ 0.41 ₹1,090 10 14.9 14.8 23 11.8 4.3 HDFC Long Term Advantage Fund Growth ₹595.168
↑ 0.28 ₹1,318 1.2 15.4 35.5 20.6 17.4 BOI AXA Tax Advantage Fund Growth ₹113.96
↑ 0.25 ₹841 10.6 17.3 19.1 24.2 14.8 -1.3 Kotak Tax Saver Fund Growth ₹85.294
↑ 0.43 ₹4,051 9.8 15.1 18 24 14.4 6.9 IDBI Equity Advantage Fund Growth ₹43.39
↑ 0.04 ₹485 9.7 15.1 16.9 20.8 10 Sundaram Diversified Equity Fund Growth ₹171.133
↑ 0.26 ₹1,684 8.6 13.7 14 22.2 9.9 4 Invesco India Tax Plan Growth ₹88.87
↑ 0.34 ₹2,158 10.8 17.4 14.7 18.9 10.7 -7.7 BNP Paribas Long Term Equity Fund (ELSS) Growth ₹65.529
↑ 0.31 ₹728 9.8 15 13.8 17 11.6 -2.1 Edelweiss Long Term Equity Fund Growth ₹80.09
↑ 0.23 ₹258 8.6 13.7 14.6 20.2 10.9 -0.1 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Aug 23
*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 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 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 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 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 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 (Erstwhile Edelweiss ELSS Fund) The primary objective of the scheme is to generate long-term capital appreciation with an option of periodic payouts at the end of lock in periods from a portfolio that invests predominantly in equity and equity related instruments. Edelweiss Long Term Equity Fund is a Equity - ELSS fund was launched on 30 Dec 08. It is a fund with Moderately High risk and has given a Below is the key information for Edelweiss Long Term Equity Fund Returns up to 1 year are on 1. Tata India Tax Savings Fund
CAGR/Annualized
return of 14.4% since its launch. Ranked 1 in ELSS
category. Return for 2022 was 5.9% , 2021 was 30.4% and 2020 was 11.9% . Tata India Tax Savings Fund
Growth Launch Date 13 Oct 14 NAV (22 Aug 23) ₹32.9538 ↑ 0.08 (0.25 %) Net Assets (Cr) ₹3,557 on 31 Jul 23 Category Equity - ELSS AMC Tata Asset Management Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.75 Sharpe Ratio 0.99 Information Ratio -0.18 Alpha Ratio 1.82 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹9,493 31 Aug 20 ₹9,695 31 Aug 21 ₹14,601 31 Aug 22 ₹15,765 31 Aug 23 ₹17,974 Returns for Tata India Tax Savings Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 22 Aug 23 Duration Returns 1 Month 1.2% 3 Month 11.4% 6 Month 14.9% 1 Year 16.4% 3 Year 22.7% 5 Year 12.8% 10 Year 15 Year Since launch 14.4% Historical performance (Yearly) on absolute basis
Year Returns 2022 5.9% 2021 30.4% 2020 11.9% 2019 13.6% 2018 -8.4% 2017 46% 2016 2.1% 2015 13.3% 2014 2013 Fund Manager information for Tata India Tax Savings Fund
Name Since Tenure Tejas Gutka 9 Mar 21 2.48 Yr. Data below for Tata India Tax Savings Fund as on 31 Jul 23
Equity Sector Allocation
Sector Value Financial Services 34.48% Industrials 18.17% Consumer Cyclical 10.44% Technology 7.91% Basic Materials 5.93% Energy 4.84% Communication Services 4.42% Health Care 3.99% Utility 2.86% Consumer Defensive 2.65% Real Estate 1.38% Asset Allocation
Asset Class Value Cash 2.43% Equity 97.57% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK10% ₹339 Cr 2,160,000
↓ -111,000 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK6% ₹223 Cr 2,325,000 Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY5% ₹167 Cr 1,160,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE5% ₹162 Cr 675,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN4% ₹140 Cr 2,500,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322154% ₹127 Cr 1,300,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 16 | LT3% ₹105 Cr 390,000 Radico Khaitan Ltd (Consumer Defensive)
Equity, Since 30 Jun 22 | RADICO2% ₹82 Cr 650,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 19 | BHARTIARTL2% ₹81 Cr 940,000 PVR INOX Ltd (Communication Services)
Equity, Since 28 Feb 23 | PVRINOX2% ₹79 Cr 441,000 2. L&T Tax Advantage Fund
CAGR/Annualized
return of 13.4% since its launch. Ranked 7 in ELSS
category. Return for 2022 was -3% , 2021 was 30.3% and 2020 was 13.5% . L&T Tax Advantage Fund
Growth Launch Date 27 Feb 06 NAV (22 Aug 23) ₹89.4863 ↑ 0.40 (0.45 %) Net Assets (Cr) ₹3,300 on 31 Jul 23 Category Equity - ELSS AMC L&T Investment Management Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.98 Sharpe Ratio 1.14 Information Ratio -0.63 Alpha Ratio 3.56 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹8,735 31 Aug 20 ₹9,026 31 Aug 21 ₹13,627 31 Aug 22 ₹13,713 31 Aug 23 ₹15,690 Returns for L&T Tax Advantage Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 22 Aug 23 Duration Returns 1 Month 0.4% 3 Month 7.8% 6 Month 14.5% 1 Year 15.5% 3 Year 19.4% 5 Year 9.3% 10 Year 15 Year Since launch 13.4% Historical performance (Yearly) on absolute basis
Year Returns 2022 -3% 2021 30.3% 2020 13.5% 2019 4.6% 2018 -8.1% 2017 42.3% 2016 8.1% 2015 2.9% 2014 44.8% 2013 6.8% Fund Manager information for L&T Tax Advantage Fund
Name Since Tenure Gautam Bhupal 26 Nov 22 0.76 Yr. Cheenu Gupta 2 Jul 21 2.17 Yr. Data below for L&T Tax Advantage Fund as on 31 Jul 23
Equity Sector Allocation
Sector Value Financial Services 29.98% Industrials 19.02% Consumer Cyclical 16.91% Technology 12.53% Consumer Defensive 8.71% Basic Materials 4.09% Health Care 3.53% Energy 3.49% Asset Allocation
Asset Class Value Cash 1.42% Equity 98.58% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK8% ₹264 Cr 1,680,600
↓ -99,392 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK6% ₹182 Cr 1,897,100 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jul 22 | LT5% ₹155 Cr 574,100 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Dec 21 | CHOLAFIN4% ₹125 Cr 1,114,400 KPIT Technologies Ltd (Technology)
Equity, Since 30 Sep 21 | KPITTECH4% ₹125 Cr 1,059,800 Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 21 | 5008503% ₹111 Cr 2,639,300
↓ -286,573 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 21 | RELIANCE3% ₹109 Cr 451,600 CG Power & Industrial Solutions Ltd (Industrials)
Equity, Since 30 Apr 22 | 5000933% ₹107 Cr 2,486,300 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Jul 22 | SUNPHARMA3% ₹98 Cr 880,400 Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY3% ₹89 Cr 622,100
↓ -117,300 3. Principal Tax Savings Fund
CAGR/Annualized
return of 15.9% since its launch. Ranked 8 in ELSS
category. Return for 2022 was 4.3% , 2021 was 32.1% and 2020 was 18.9% . Principal Tax Savings Fund
Growth Launch Date 31 Mar 96 NAV (22 Aug 23) ₹379.456 ↑ 0.41 (0.11 %) Net Assets (Cr) ₹1,090 on 31 Jul 23 Category Equity - ELSS AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.36 Sharpe Ratio 0.97 Information Ratio 0.1 Alpha Ratio 1.47 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹8,643 31 Aug 20 ₹9,119 31 Aug 21 ₹14,128 31 Aug 22 ₹15,360 31 Aug 23 ₹17,234 Returns for Principal Tax Savings Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 22 Aug 23 Duration Returns 1 Month 0.2% 3 Month 10% 6 Month 14.9% 1 Year 14.8% 3 Year 23% 5 Year 11.8% 10 Year 15 Year Since launch 15.9% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.3% 2021 32.1% 2020 18.9% 2019 2.5% 2018 -9.2% 2017 48.8% 2016 6.2% 2015 2.7% 2014 49.4% 2013 8.5% Fund Manager information for Principal Tax Savings Fund
Name Since Tenure Sudhir Kedia 29 Oct 19 3.84 Yr. Rohit Seksaria 1 Jan 22 1.67 Yr. Data below for Principal Tax Savings Fund as on 31 Jul 23
Equity Sector Allocation
Sector Value Financial Services 34.66% Industrials 11.55% Consumer Cyclical 11.04% Technology 9.77% Consumer Defensive 9.04% Health Care 7.04% Energy 6.08% Basic Materials 4.08% Communication Services 2.6% Real Estate 0.48% Asset Allocation
Asset Class Value Cash 3.65% Equity 96.35% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK9% ₹95 Cr 606,077 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 21 | RELIANCE6% ₹66 Cr 274,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK6% ₹63 Cr 661,000 Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY4% ₹48 Cr 333,000 State Bank of India (Financial Services)
Equity, Since 30 Apr 05 | SBIN4% ₹46 Cr 823,000 Polycab India Ltd (Industrials)
Equity, Since 30 Nov 20 | POLYCAB3% ₹34 Cr 67,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 17 | 5322153% ₹30 Cr 311,000 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Aug 15 | SUNPHARMA2% ₹26 Cr 233,000 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Apr 20 | HINDUNILVR2% ₹24 Cr 95,000 Tata Consultancy Services Ltd Shs Dematerialised (Technology)
Equity, Since 30 Apr 14 | TCS2% ₹21 Cr 62,000 4. HDFC Long Term Advantage Fund
CAGR/Annualized
return of 21.4% since its launch. Ranked 23 in ELSS
category. . HDFC Long Term Advantage Fund
Growth Launch Date 2 Jan 01 NAV (14 Jan 22) ₹595.168 ↑ 0.28 (0.05 %) Net Assets (Cr) ₹1,318 on 30 Nov 21 Category Equity - ELSS AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.25 Sharpe Ratio 2.27 Information Ratio -0.15 Alpha Ratio 1.75 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹9,445 31 Aug 20 ₹9,580 31 Aug 21 ₹15,168
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 22 Aug 23 Duration Returns 1 Month 4.4% 3 Month 1.2% 6 Month 15.4% 1 Year 35.5% 3 Year 20.6% 5 Year 17.4% 10 Year 15 Year Since launch 21.4% Historical performance (Yearly) on absolute basis
Year Returns 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 Fund Manager information for HDFC Long Term Advantage Fund
Name Since Tenure Data below for HDFC Long Term Advantage Fund as on 30 Nov 21
Equity Sector Allocation
Sector Value Asset Allocation
Asset Class Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 5. BOI AXA Tax Advantage Fund
CAGR/Annualized
return of 18.3% since its launch. Ranked 13 in ELSS
category. Return for 2022 was -1.3% , 2021 was 41.5% and 2020 was 31.2% . BOI AXA Tax Advantage Fund
Growth Launch Date 25 Feb 09 NAV (22 Aug 23) ₹113.96 ↑ 0.25 (0.22 %) Net Assets (Cr) ₹841 on 31 Jul 23 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.49 Sharpe Ratio 1.32 Information Ratio 0.33 Alpha Ratio 5.62 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹8,612 31 Aug 20 ₹10,360 31 Aug 21 ₹17,548 31 Aug 22 ₹17,437 31 Aug 23 ₹20,231 Returns for BOI AXA Tax Advantage Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 22 Aug 23 Duration Returns 1 Month 1.8% 3 Month 10.6% 6 Month 17.3% 1 Year 19.1% 3 Year 24.2% 5 Year 14.8% 10 Year 15 Year Since launch 18.3% Historical performance (Yearly) on absolute basis
Year Returns 2022 -1.3% 2021 41.5% 2020 31.2% 2019 14.6% 2018 -16.3% 2017 57.7% 2016 -1.2% 2015 2.1% 2014 44% 2013 9.1% Fund Manager information for BOI AXA Tax Advantage Fund
Name Since Tenure Alok Singh 27 Apr 22 1.35 Yr. Data below for BOI AXA Tax Advantage Fund as on 31 Jul 23
Equity Sector Allocation
Sector Value Financial Services 34.39% Industrials 13.46% Basic Materials 9.36% Consumer Cyclical 8.78% Consumer Defensive 8.62% Health Care 8.02% Utility 5.61% Technology 4.23% Energy 3.57% Real Estate 3.23% Asset Allocation
Asset Class Value Cash 0.66% Equity 99.28% Debt 0.06% Top Securities Holdings / Portfolio
Name Holding Value Quantity State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN5% ₹42 Cr 740,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK5% ₹41 Cr 264,000
↓ -62,000 Bank of Baroda (Financial Services)
Equity, Since 31 Oct 22 | 5321344% ₹31 Cr 1,650,000
↑ 525,000 Power Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 23 | 5328103% ₹29 Cr 1,110,000 Canara Bank (Financial Services)
Equity, Since 31 Aug 22 | 5324833% ₹29 Cr 895,000 NTPC Ltd Shs Dematerialised (Utilities)
Equity, Since 30 Apr 22 | 5325553% ₹28 Cr 1,260,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK3% ₹25 Cr 260,000
↓ -65,000 Union Bank of India (Financial Services)
Equity, Since 31 Dec 22 | UNIONBANK3% ₹23 Cr 2,725,875
↑ 1,135,875 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Jun 22 | SUNPHARMA3% ₹22 Cr 201,000
↑ 24,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE3% ₹22 Cr 91,009 6. Kotak Tax Saver Fund
CAGR/Annualized
return of 12.8% since its launch. Ranked 19 in ELSS
category. Return for 2022 was 6.9% , 2021 was 33.2% and 2020 was 14.9% . Kotak Tax Saver Fund
Growth Launch Date 23 Nov 05 NAV (22 Aug 23) ₹85.294 ↑ 0.43 (0.51 %) Net Assets (Cr) ₹4,051 on 31 Jul 23 Category Equity - ELSS AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 1.97 Sharpe Ratio 1.31 Information Ratio 0.21 Alpha Ratio 4.53 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹9,520 31 Aug 20 ₹10,005 31 Aug 21 ₹15,720 31 Aug 22 ₹16,831 31 Aug 23 ₹19,444 Returns for Kotak Tax Saver Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 22 Aug 23 Duration Returns 1 Month 0.7% 3 Month 9.8% 6 Month 15.1% 1 Year 18% 3 Year 24% 5 Year 14.4% 10 Year 15 Year Since launch 12.8% Historical performance (Yearly) on absolute basis
Year Returns 2022 6.9% 2021 33.2% 2020 14.9% 2019 12.7% 2018 -3.8% 2017 33.8% 2016 7.5% 2015 1.5% 2014 56.6% 2013 -6.3% Fund Manager information for Kotak Tax Saver Fund
Name Since Tenure Harsha Upadhyaya 25 Aug 15 8.02 Yr. Data below for Kotak Tax Saver Fund as on 31 Jul 23
Equity Sector Allocation
Sector Value Asset Allocation
Asset Class Value Cash 1.36% Equity 98.64% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK6% ₹242 Cr 2,525,000 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 21 | MARUTI5% ₹210 Cr 210,000
↑ 30,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | 5322154% ₹175 Cr 1,800,000 ITC Ltd (Consumer Defensive)
Equity, Since 31 Oct 21 | ITC4% ₹163 Cr 3,700,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 14 | LT4% ₹162 Cr 600,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 23 | HDFCBANK4% ₹157 Cr 1,000,001 State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN4% ₹152 Cr 2,700,000
↓ -200,000 Linde India Ltd (Basic Materials)
Equity, Since 31 Oct 16 | 5234573% ₹125 Cr 200,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE3% ₹120 Cr 500,000 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Oct 22 | HINDUNILVR3% ₹119 Cr 475,000 7. IDBI Equity Advantage Fund
CAGR/Annualized
return of 16% since its launch. Ranked 21 in ELSS
category. . IDBI Equity Advantage Fund
Growth Launch Date 10 Sep 13 NAV (28 Jul 23) ₹43.39 ↑ 0.04 (0.09 %) Net Assets (Cr) ₹485 on 30 Jun 23 Category Equity - ELSS AMC IDBI Asset Management Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.39 Sharpe Ratio 1.21 Information Ratio -1.13 Alpha Ratio 1.78 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹8,856 31 Aug 20 ₹8,828 31 Aug 21 ₹13,072 31 Aug 22 ₹13,860 Returns for IDBI Equity Advantage Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 22 Aug 23 Duration Returns 1 Month 3.1% 3 Month 9.7% 6 Month 15.1% 1 Year 16.9% 3 Year 20.8% 5 Year 10% 10 Year 15 Year Since launch 16% Historical performance (Yearly) on absolute basis
Year Returns 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 Fund Manager information for IDBI Equity Advantage Fund
Name Since Tenure Data below for IDBI Equity Advantage Fund as on 30 Jun 23
Equity Sector Allocation
Sector Value Asset Allocation
Asset Class Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 8. Sundaram Diversified Equity Fund
CAGR/Annualized
return of 16% since its launch. Ranked 14 in ELSS
category. Return for 2022 was 4% , 2021 was 31.5% and 2020 was 9.9% . Sundaram Diversified Equity Fund
Growth Launch Date 22 Nov 99 NAV (22 Aug 23) ₹171.133 ↑ 0.26 (0.15 %) Net Assets (Cr) ₹1,684 on 31 Jul 23 Category Equity - ELSS AMC Sundaram Asset Management Company Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.13 Sharpe Ratio 0.97 Information Ratio -0.13 Alpha Ratio 1.43 Min Investment 500 Min SIP Investment 250 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹8,774 31 Aug 20 ₹8,700 31 Aug 21 ₹13,529 31 Aug 22 ₹14,458 31 Aug 23 ₹16,052 Returns for Sundaram Diversified Equity Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 22 Aug 23 Duration Returns 1 Month -0.3% 3 Month 8.6% 6 Month 13.7% 1 Year 14% 3 Year 22.2% 5 Year 9.9% 10 Year 15 Year Since launch 16% Historical performance (Yearly) on absolute basis
Year Returns 2022 4% 2021 31.5% 2020 9.9% 2019 6.2% 2018 -10.6% 2017 38.4% 2016 6.8% 2015 3.1% 2014 45.7% 2013 1.4% Fund Manager information for Sundaram Diversified Equity Fund
Name Since Tenure Sudhir Kedia 1 Jan 22 1.67 Yr. Rohit Seksaria 24 Feb 21 2.52 Yr. Data below for Sundaram Diversified Equity Fund as on 31 Jul 23
Equity Sector Allocation
Sector Value Financial Services 35.9% Industrials 13.08% Technology 11.22% Consumer Defensive 9.38% Consumer Cyclical 8.6% Energy 6.76% Basic Materials 5.31% Health Care 5.28% Communication Services 3.38% Real Estate 0.46% Asset Allocation
Asset Class Value Cash 0.64% Equity 99.36% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | HDFCBANK9% ₹152 Cr 968,960 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 11 | ICICIBANK7% ₹113 Cr 1,178,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 12 | RELIANCE7% ₹111 Cr 460,000 Infosys Ltd (Technology)
Equity, Since 30 Nov 16 | INFY5% ₹82 Cr 570,000 State Bank of India (Financial Services)
Equity, Since 31 Aug 20 | SBIN4% ₹67 Cr 1,199,000 Polycab India Ltd (Industrials)
Equity, Since 31 Jan 22 | POLYCAB4% ₹59 Cr 116,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 May 18 | 5322153% ₹47 Cr 483,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 May 18 | LT3% ₹43 Cr 160,000 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 May 20 | SUNPHARMA3% ₹43 Cr 388,000 ICRA Ltd (Financial Services)
Equity, Since 31 Jan 22 | ICRA2% ₹39 Cr 67,000 9. Invesco India Tax Plan
CAGR/Annualized
return of 14% since its launch. Ranked 17 in ELSS
category. Return for 2022 was -7.7% , 2021 was 32.6% and 2020 was 19.2% . Invesco India Tax Plan
Growth Launch Date 29 Dec 06 NAV (22 Aug 23) ₹88.87 ↑ 0.34 (0.38 %) Net Assets (Cr) ₹2,158 on 31 Jul 23 Category Equity - ELSS AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.11 Sharpe Ratio 0.89 Information Ratio -1.12 Alpha Ratio 0.79 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹9,059 31 Aug 20 ₹9,755 31 Aug 21 ₹14,844 31 Aug 22 ₹14,695 31 Aug 23 ₹16,582 Returns for Invesco India Tax Plan
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 22 Aug 23 Duration Returns 1 Month 1.1% 3 Month 10.8% 6 Month 17.4% 1 Year 14.7% 3 Year 18.9% 5 Year 10.7% 10 Year 15 Year Since launch 14% Historical performance (Yearly) on absolute basis
Year Returns 2022 -7.7% 2021 32.6% 2020 19.2% 2019 9.4% 2018 -1.3% 2017 35.7% 2016 3.4% 2015 5.8% 2014 54.3% 2013 10.1% Fund Manager information for Invesco India Tax Plan
Name Since Tenure Amit Nigam 3 Sep 20 2.99 Yr. Dhimant Kothari 29 Mar 18 5.43 Yr. Data below for Invesco India Tax Plan as on 31 Jul 23
Equity Sector Allocation
Sector Value Financial Services 30.99% Technology 13.82% Industrials 12.29% Consumer Cyclical 10.74% Basic Materials 7.69% Health Care 6.08% Consumer Defensive 5.97% Utility 5% Energy 3.45% Communication Services 2.37% Asset Allocation
Asset Class Value Cash 1.6% Equity 98.4% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 22 | HDFCBANK9% ₹194 Cr 1,232,579 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK6% ₹133 Cr 1,387,003
↑ 153,606 Infosys Ltd (Technology)
Equity, Since 31 Dec 19 | INFY5% ₹113 Cr 789,806 Tata Consultancy Services Ltd Shs Dematerialised (Technology)
Equity, Since 31 Jul 23 | TCS3% ₹76 Cr 225,012 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE3% ₹75 Cr 310,211 LTIMindtree Ltd (Technology)
Equity, Since 30 Apr 22 | LTIM3% ₹58 Cr 111,181 Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | 5322153% ₹55 Cr 562,061 Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 30 Apr 22 | 5403762% ₹54 Cr 145,049 Titan Co Ltd (Consumer Cyclical)
Equity, Since 30 Sep 17 | TITAN2% ₹51 Cr 164,354
↓ -20,764 Anand Rathi Wealth Ltd (Financial Services)
Equity, Since 31 Dec 21 | 5434152% ₹48 Cr 334,574
↓ -52,819 10. BNP Paribas Long Term Equity Fund (ELSS)
CAGR/Annualized
return of 11.3% since its launch. Ranked 22 in ELSS
category. Return for 2022 was -2.1% , 2021 was 23.6% and 2020 was 17.8% . BNP Paribas Long Term Equity Fund (ELSS)
Growth Launch Date 5 Jan 06 NAV (22 Aug 23) ₹65.529 ↑ 0.31 (0.47 %) Net Assets (Cr) ₹728 on 31 Jul 23 Category Equity - ELSS AMC BNP Paribas Asset Mgmt India Pvt. Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.38 Sharpe Ratio 0.83 Information Ratio 0 Alpha Ratio 0 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹9,803 31 Aug 20 ₹10,613 31 Aug 21 ₹15,341 31 Aug 22 ₹15,325 31 Aug 23 ₹17,201 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 22 Aug 23 Duration Returns 1 Month 0.7% 3 Month 9.8% 6 Month 15% 1 Year 13.8% 3 Year 17% 5 Year 11.6% 10 Year 15 Year Since launch 11.3% Historical performance (Yearly) on absolute basis
Year Returns 2022 -2.1% 2021 23.6% 2020 17.8% 2019 14.3% 2018 -9.3% 2017 42.3% 2016 -6.6% 2015 7.7% 2014 53% 2013 7.7% Fund Manager information for BNP Paribas Long Term Equity Fund (ELSS)
Name Since Tenure Sanjay Chawla 14 Mar 22 1.47 Yr. Pratish Krishnan 14 Mar 22 1.47 Yr. Miten Vora 1 Dec 22 0.75 Yr. Data below for BNP Paribas Long Term Equity Fund (ELSS) as on 31 Jul 23
Equity Sector Allocation
Sector Value Financial Services 27.59% Consumer Cyclical 13.59% Technology 12.15% Industrials 10.47% Health Care 8.34% Consumer Defensive 5.94% Basic Materials 5.7% Energy 4.56% Communication Services 2.98% Utility 2.94% Real Estate 2.93% Asset Allocation
Asset Class Value Cash 2.82% Equity 97.18% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFCBANK8% ₹59 Cr 376,160
↓ -15,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 12 | ICICIBANK7% ₹50 Cr 517,000
↓ -27,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 18 | RELIANCE5% ₹33 Cr 137,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 20 | LT3% ₹25 Cr 91,500 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Jul 18 | ULTRACEMCO3% ₹22 Cr 26,250 ITC Ltd (Consumer Defensive)
Equity, Since 30 Sep 22 | ITC3% ₹19 Cr 440,000
↓ -145,000 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Apr 20 | HINDUNILVR2% ₹16 Cr 64,100
↓ -15,000 LTIMindtree Ltd (Technology)
Equity, Since 31 Jul 23 | LTIM2% ₹15 Cr 29,500
↑ 5,000 Infosys Ltd (Technology)
Equity, Since 31 Mar 09 | INFY2% ₹15 Cr 105,000 CIE Automotive India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 23 | 5327562% ₹15 Cr 280,113 11. Edelweiss Long Term Equity Fund
CAGR/Annualized
return of 15.3% since its launch. Ranked 25 in ELSS
category. Return for 2022 was -0.1% , 2021 was 30.4% and 2020 was 13.7% . Edelweiss Long Term Equity Fund
Growth Launch Date 30 Dec 08 NAV (22 Aug 23) ₹80.09 ↑ 0.23 (0.29 %) Net Assets (Cr) ₹258 on 31 Jul 23 Category Equity - ELSS AMC Edelweiss Asset Management Limited Rating ☆☆ Risk Moderately High Expense Ratio 2.42 Sharpe Ratio 1.03 Information Ratio -0.52 Alpha Ratio 2.05 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹9,168 31 Aug 20 ₹9,443 31 Aug 21 ₹14,337 31 Aug 22 ₹14,777 31 Aug 23 ₹16,601 Returns for Edelweiss Long Term Equity Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 22 Aug 23 Duration Returns 1 Month 0.1% 3 Month 8.6% 6 Month 13.7% 1 Year 14.6% 3 Year 20.2% 5 Year 10.9% 10 Year 15 Year Since launch 15.3% Historical performance (Yearly) on absolute basis
Year Returns 2022 -0.1% 2021 30.4% 2020 13.7% 2019 9.2% 2018 -9.1% 2017 37.7% 2016 -1.1% 2015 6.7% 2014 40.5% 2013 11.5% Fund Manager information for Edelweiss Long Term Equity Fund
Name Since Tenure Ashwani Agarwalla 1 Aug 23 0.08 Yr. Trideep Bhattacharya 1 Aug 23 0.08 Yr. Data below for Edelweiss Long Term Equity Fund as on 31 Jul 23
Equity Sector Allocation
Sector Value Financial Services 31.94% Industrials 17.53% Technology 10.11% Consumer Cyclical 8.61% Consumer Defensive 7.3% Health Care 6.13% Basic Materials 5.79% Energy 5.1% Real Estate 2.11% Communication Services 2.05% Utility 1.1% Asset Allocation
Asset Class Value Cash 2.22% Equity 97.78% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 10 | HDFCBANK9% ₹23 Cr 143,851
↑ 8,002 ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 17 | ICICIBANK8% ₹20 Cr 209,561
↓ -12,044 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Sep 15 | LT6% ₹14 Cr 53,390 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 15 | RELIANCE5% ₹13 Cr 54,330
↑ 4,823 State Bank of India (Financial Services)
Equity, Since 31 May 18 | SBIN4% ₹11 Cr 190,032 Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | 5322154% ₹10 Cr 98,765 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 May 19 | ULTRACEMCO3% ₹8 Cr 9,300 ITC Ltd (Consumer Defensive)
Equity, Since 30 Apr 18 | ITC3% ₹8 Cr 175,158 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY3% ₹7 Cr 47,648 Tata Consultancy Services Ltd Shs Dematerialised (Technology)
Equity, Since 31 May 15 | TCS2% ₹6 Cr 18,740
Know Your SIP Returns
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.
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).
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
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Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!
Nice article. Highly recommended for guys who are looking to save tax under section 80c.