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Table of Contents
- Who Can Invest in ELSS Fund?
- Other Tax Saving Options?
- Top 11 Best Performing ELSS Mutual Funds for Investment in FY 21 - 22
- ELSS SIP Calculator
- Investment Modes in ELSS
- Tips to Invest in Best Tax Saving ELSS Funds
- How to Invest in ELSS Funds Online?
Top 11 Equity - ELSS Funds
- IDFC Tax Advantage (ELSS) Fund
- Tata India Tax Savings Fund
- Principal Tax Savings Fund
- L&T Tax Advantage Fund
- BOI AXA Tax Advantage Fund
- Invesco India Tax Plan
- BNP Paribas Long Term Equity Fund (ELSS)
- Kotak Tax Saver Fund
- HDFC Long Term Advantage Fund
- Sundaram Diversified Equity Fund
- IDBI Equity Advantage Fund
11 Best Tax Saving ELSS Mutual Funds 2021
Best elss Funds or Equity Linked Savings Schemes are equity diversified Mutual Funds that majorly invest in equity-linked instruments (like shares and stocks) to provide market-linked returns and help save direct tax on Income. Typically, 80% of the fund corpus is invested in equity and the remaining in debt instruments.
ELSS funds are also known as the tax saving Mutual Funds as they offer tax benefits under Section 80C of the income tax Act. Moreover, the ELSS Mutual Funds are open-ended, which means that the investors can subscribe in these funds as and when they want.
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Who Can Invest in ELSS Fund?
Generally, ELSS Mutual Funds are suitable for all kinds of investors who are willing to take market-linked risks for Tax Planning and saving money. Anyone can invest in ELSS funds at any point of time in their life. However, it is suggested to invest in tax saving ELSS funds during the early stage of your career so that your money grows over time and you earn better returns.
Hence, save tax and earn good returns both at the same time by Investing in best ELSS funds. Investors should be aware that amount invested in ELSS funds is locked for 3 Years.
Investors can invest in ELSS mutual funds as lumpsum (One Time) of SIP (Systematic Investment plan). It is advised for beginners to generally invest using SIP as it better suited for them.
Other Tax Saving Options?
Similar to ELSS other options under Section 80c includes : Life Insurance premium, Tax saving fixed deposits, PPF, NSC, EPF, Unit Linked Equity Plans (ULIP). One should know combines limit of saving under section 80c is limited to 1.5 Lakhs Per Financial year.
Top 11 Best Performing ELSS Mutual Funds for Investment in FY 21 - 22
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2020 (%) IDFC Tax Advantage (ELSS) Fund Growth ₹68.77
↑ 0.95 ₹2,680 26.5 39.4 20.6 4.3 14.2 18.7 Tata India Tax Savings Fund Growth ₹22.4557
↑ 0.34 ₹2,481 21.4 32.6 14.6 6.5 14.6 11.9 Principal Tax Savings Fund Growth ₹257.67
↑ 4.08 ₹485 24.9 34.5 21.1 4.1 15 18.9 L&T Tax Advantage Fund Growth ₹64.756
↑ 0.85 ₹3,439 20 31.6 12.7 3 13.4 13.5 BOI AXA Tax Advantage Fund Growth ₹74.95
↑ 1.11 ₹376 20.1 38.3 31.4 8.5 17 31.2 Invesco India Tax Plan Growth ₹65.84
↑ 1.06 ₹1,386 20.8 30.9 19.6 9.1 14.9 19.2 BNP Paribas Long Term Equity Fund (ELSS) Growth ₹50.353
↑ 0.71 ₹490 20.6 30.1 18.6 8.2 12.9 17.8 Kotak Tax Saver Fund Growth ₹55.7
↑ 0.76 ₹1,527 19.7 30.6 14.7 8.7 15 14.9 HDFC Long Term Advantage Fund Growth ₹436.455
↑ 5.65 ₹1,288 24.8 34 14.7 6.4 15.2 11.5 Sundaram Diversified Equity Fund Growth ₹116.985
↑ 1.72 ₹2,408 22.2 32.6 11 2.3 11.8 9.9 IDBI Equity Advantage Fund Growth ₹31.43
↑ 0.52 ₹528 21.2 27.4 8.5 4.5 10.9 8.4 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Jan 21
*Above is list of top ELSS (Equity Linked Saving Scheme) having AUM/Net Assets above than 500 Crore and having fund age >= 3 years.
The investment objective of the Scheme is to seek to generate long term capital growth from a diversified portfolio of predominantly equity and equity related securities. There can be no assurance that the investment objective of the scheme will be realised. IDFC Tax Advantage (ELSS) Fund is a Equity - ELSS fund was launched on 26 Dec 08. It is a fund with Moderately High risk and has given a Below is the key information for IDFC Tax Advantage (ELSS) Fund Returns up to 1 year are on To provide medium to long term capital gains along with income tax relief to its Unitholders, while at all times emphasising the importance of capital appreciation.. Tata India Tax Savings Fund is a Equity - ELSS fund was launched on 13 Oct 14. It is a fund with Moderately High risk and has given a Below is the key information for Tata India Tax Savings Fund Returns up to 1 year are on To 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 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 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 long term capital growth from a diversified portfolio of predominantly equity and equity-related securities. Invesco India Tax Plan is a Equity - ELSS fund was launched on 29 Dec 06. It is a fund with Moderately High risk and has given a Below is the key information for Invesco India Tax Plan Returns up to 1 year are on The investment objective of the Scheme is to generate long-term capital growth from a diversified and actively managed portfolio of equity and equity related securities along with income tax rebate, as may be prevalent fromtime to time. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns. BNP Paribas Long Term Equity Fund (ELSS) is a Equity - ELSS fund was launched on 5 Jan 06. It is a fund with Moderately High risk and has given a Below is the key information for BNP Paribas Long Term Equity Fund (ELSS) Returns up to 1 year are on The 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 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 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. IDFC Tax Advantage (ELSS) Fund
CAGR/Annualized return of 17.3% since its launch. Ranked 3 in ELSS category. Return for 2020 was 18.7% , 2019 was 1.9% and 2018 was -9.4% . IDFC Tax Advantage (ELSS) Fund
Growth Launch Date 26 Dec 08 NAV (19 Jan 21) ₹68.77 ↑ 0.95 (1.40 %) Net Assets (Cr) ₹2,680 on 31 Dec 20 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 0.68 Sharpe Ratio 0.53 Information Ratio -0.97 Alpha Ratio 0.29 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 15 ₹10,000 31 Dec 16 ₹10,042 31 Dec 17 ₹15,399 31 Dec 18 ₹13,951 31 Dec 19 ₹14,223 31 Dec 20 ₹16,883 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Jan 21 Duration Returns 1 Month 6.6% 3 Month 26.5% 6 Month 39.4% 1 Year 20.6% 3 Year 4.3% 5 Year 14.2% 10 Year 15 Year Since launch 17.3% Historical performance (Yearly) on absolute basis
Year Returns 2020 18.7% 2019 1.9% 2018 -9.4% 2017 53.4% 2016 0.4% 2015 6.9% 2014 42.2% 2013 15% 2012 36.2% 2011 -23.3% Fund Manager information for IDFC Tax Advantage (ELSS) Fund
Name Since Tenure Daylynn Pinto 20 Oct 16 4.2 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 31 Dec 20
Equity Sector Allocation
Sector Value Financial Services 20.24% Consumer Cyclical 15.29% Technology 14.34% Industrials 14.05% Basic Materials 11.51% Health Care 9.29% Energy 5.35% Consumer Defensive 4.2% Communication Services 3.42% Utility 0.28% Asset Allocation
Asset Class Value Cash 2.02% Equity 97.97% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK7% ₹193 Cr 3,600,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY7% ₹176 Cr 1,400,000
↑ 50,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK4% ₹115 Cr 800,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE4% ₹109 Cr 550,000 Deepak Nitrite Ltd (Basic Materials)
Equity, Since 31 Mar 17 | 5064014% ₹94 Cr 1,000,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL3% ₹92 Cr 1,800,000 State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN3% ₹74 Cr 2,700,000 Mastek Ltd (Technology)
Equity, Since 31 Jan 17 | 5237043% ₹69 Cr 610,000
↓ -27,500 KEC International Ltd (Industrials)
Equity, Since 30 Sep 15 | 5327142% ₹66 Cr 1,800,000 Birlasoft Ltd (Technology)
Equity, Since 31 Jul 17 | 5324002% ₹64 Cr 2,600,000
↓ -100,000 2. Tata India Tax Savings Fund
CAGR/Annualized return of 13.8% since its launch. Ranked 1 in ELSS category. Return for 2020 was 11.9% , 2019 was 13.6% and 2018 was -8.4% . Tata India Tax Savings Fund
Growth Launch Date 13 Oct 14 NAV (19 Jan 21) ₹22.4557 ↑ 0.34 (1.53 %) Net Assets (Cr) ₹2,481 on 31 Dec 20 Category Equity - ELSS AMC Tata Asset Management Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.97 Sharpe Ratio 0.38 Information Ratio -1.18 Alpha Ratio -4.32 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 15 ₹10,000 31 Dec 16 ₹10,214 31 Dec 17 ₹14,913 31 Dec 18 ₹13,663 31 Dec 19 ₹15,520 31 Dec 20 ₹17,364 Returns for Tata India Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Jan 21 Duration Returns 1 Month 5.8% 3 Month 21.4% 6 Month 32.6% 1 Year 14.6% 3 Year 6.5% 5 Year 14.6% 10 Year 15 Year Since launch 13.8% Historical performance (Yearly) on absolute basis
Year Returns 2020 11.9% 2019 13.6% 2018 -8.4% 2017 46% 2016 2.1% 2015 13.3% 2014 2013 2012 2011 Fund Manager information for Tata India Tax Savings Fund
Name Since Tenure Rupesh Patel 1 Apr 15 5.76 Yr. Ennette Fernandes 18 Jun 18 2.54 Yr. Data below for Tata India Tax Savings Fund as on 31 Dec 20
Equity Sector Allocation
Sector Value Financial Services 35.17% Technology 12.57% Energy 11.43% Health Care 10.78% Consumer Cyclical 9.28% Industrials 6.98% Basic Materials 5.52% Communication Services 4.73% Consumer Defensive 1.51% Real Estate 0.73% Asset Allocation
Asset Class Value Cash 1.3% Equity 98.7% Top Securities Holdings / Portfolio
Name Holding Value Quantity Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY10% ₹237 Cr 1,890,000
↓ -80,000 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK9% ₹219 Cr 4,100,000 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK9% ₹215 Cr 1,500,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE9% ₹212 Cr 1,070,000
↓ -130,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN6% ₹146 Cr 5,325,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC5% ₹120 Cr 470,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 19 | BHARTIARTL5% ₹117 Cr 2,300,000
↑ 200,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322154% ₹99 Cr 1,600,000 Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 17 | DIVISLAB3% ₹73 Cr 190,000
↓ -10,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 15 | KOTAKBANK3% ₹72 Cr 360,000 3. Principal Tax Savings Fund
CAGR/Annualized return of 15.9% since its launch. Ranked 8 in ELSS category. Return for 2020 was 18.9% , 2019 was 2.5% and 2018 was -9.2% . Principal Tax Savings Fund
Growth Launch Date 31 Mar 96 NAV (19 Jan 21) ₹257.67 ↑ 4.08 (1.61 %) Net Assets (Cr) ₹485 on 31 Dec 20 Category Equity - ELSS AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.56 Sharpe Ratio 0.56 Information Ratio -1.27 Alpha Ratio 1.2 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 15 ₹10,000 31 Dec 16 ₹10,619 31 Dec 17 ₹15,801 31 Dec 18 ₹14,348 31 Dec 19 ₹14,703 31 Dec 20 ₹17,481 Returns for Principal Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Jan 21 Duration Returns 1 Month 6.1% 3 Month 24.9% 6 Month 34.5% 1 Year 21.1% 3 Year 4.1% 5 Year 15% 10 Year 15 Year Since launch 15.9% Historical performance (Yearly) on absolute basis
Year Returns 2020 18.9% 2019 2.5% 2018 -9.2% 2017 48.8% 2016 6.2% 2015 2.7% 2014 49.4% 2013 8.5% 2012 46.5% 2011 -30.4% Fund Manager information for Principal Tax Savings Fund
Name Since Tenure Sudhir Kedia 29 Oct 19 1.18 Yr. Data below for Principal Tax Savings Fund as on 31 Dec 20
Equity Sector Allocation
Sector Value Financial Services 36.51% Technology 11.27% Health Care 9.37% Industrials 9.34% Consumer Defensive 8.44% Energy 6.69% Consumer Cyclical 5.84% Basic Materials 5.21% Communication Services 3.04% Utility 2.33% Asset Allocation
Asset Class Value Cash 0.32% Equity 99.68% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK10% ₹48 Cr 893,418 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK8% ₹41 Cr 286,001 Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY5% ₹24 Cr 190,534
↑ 12,970 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 08 | RELIANCE4% ₹20 Cr 98,359 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 13 | LT4% ₹19 Cr 144,140 State Bank of India (Financial Services)
Equity, Since 30 Apr 05 | SBIN4% ₹17 Cr 624,330 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jan 16 | KOTAKBANK3% ₹17 Cr 84,321 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 14 | TCS3% ₹16 Cr 54,301
↓ -5,080 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 18 | BHARTIARTL3% ₹15 Cr 289,755 Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 17 | 5322153% ₹14 Cr 230,175 4. L&T Tax Advantage Fund
CAGR/Annualized return of 13.4% since its launch. Ranked 7 in ELSS category. Return for 2020 was 13.5% , 2019 was 4.6% and 2018 was -8.1% . L&T Tax Advantage Fund
Growth Launch Date 27 Feb 06 NAV (19 Jan 21) ₹64.756 ↑ 0.85 (1.33 %) Net Assets (Cr) ₹3,439 on 31 Dec 20 Category Equity - ELSS AMC L&T Investment Management Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.04 Sharpe Ratio 0.42 Information Ratio -1.5 Alpha Ratio -3.61 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 15 ₹10,000 31 Dec 16 ₹10,813 31 Dec 17 ₹15,384 31 Dec 18 ₹14,140 31 Dec 19 ₹14,798 31 Dec 20 ₹16,789 Returns for L&T Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Jan 21 Duration Returns 1 Month 4.2% 3 Month 20% 6 Month 31.6% 1 Year 12.7% 3 Year 3% 5 Year 13.4% 10 Year 15 Year Since launch 13.4% Historical performance (Yearly) on absolute basis
Year Returns 2020 13.5% 2019 4.6% 2018 -8.1% 2017 42.3% 2016 8.1% 2015 2.9% 2014 44.8% 2013 6.8% 2012 27.4% 2011 -21.8% Fund Manager information for L&T Tax Advantage Fund
Name Since Tenure Venugopal Manghat 17 Dec 19 1.04 Yr. Vihang Naik 17 Dec 19 1.04 Yr. Data below for L&T Tax Advantage Fund as on 31 Dec 20
Equity Sector Allocation
Sector Value Financial Services 23.73% Basic Materials 15.07% Consumer Cyclical 13.77% Technology 13.51% Health Care 10.23% Industrials 7.26% Consumer Defensive 6.77% Energy 4.63% Communication Services 2.03% Asset Allocation
Asset Class Value Cash 2.98% Equity 97% Other 0.02% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK5% ₹158 Cr 1,097,700
↑ 244,300 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK5% ₹157 Cr 2,933,600
↓ -672,200 Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY5% ₹155 Cr 1,232,500
↓ -137,700 HCL Technologies Ltd (Technology)
Equity, Since 30 Sep 17 | HCLTECH4% ₹148 Cr 1,560,900
↓ -197,500 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCE4% ₹129 Cr 648,400
↓ -169,600 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 09 | TCS4% ₹123 Cr 430,700
↓ -61,200 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 06 | LT3% ₹100 Cr 778,000 Emami Ltd (Consumer Defensive)
Equity, Since 30 Jun 19 | 5311623% ₹99 Cr 2,333,743 ICICI Lombard General Insurance Co Ltd (Financial Services)
Equity, Since 30 Sep 19 | 5407163% ₹93 Cr 609,000 Berger Paints India Ltd (Basic Materials)
Equity, Since 29 Feb 16 | 5094803% ₹89 Cr 1,169,800 5. BOI AXA Tax Advantage Fund
CAGR/Annualized return of 18.4% since its launch. Ranked 13 in ELSS category. Return for 2020 was 31.2% , 2019 was 14.6% and 2018 was -16.3% . BOI AXA Tax Advantage Fund
Growth Launch Date 25 Feb 09 NAV (19 Jan 21) ₹74.95 ↑ 1.11 (1.50 %) Net Assets (Cr) ₹376 on 31 Dec 20 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.67 Sharpe Ratio 0.91 Information Ratio -0.03 Alpha Ratio 11.92 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 15 ₹10,000 31 Dec 16 ₹9,876 31 Dec 17 ₹15,571 31 Dec 18 ₹13,026 31 Dec 19 ₹14,929 31 Dec 20 ₹19,586 Returns for BOI AXA Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Jan 21 Duration Returns 1 Month 4.7% 3 Month 20.1% 6 Month 38.3% 1 Year 31.4% 3 Year 8.5% 5 Year 17% 10 Year 15 Year Since launch 18.4% Historical performance (Yearly) on absolute basis
Year Returns 2020 31.2% 2019 14.6% 2018 -16.3% 2017 57.7% 2016 -1.2% 2015 2.1% 2014 44% 2013 9.1% 2012 24.8% 2011 -24.1% Fund Manager information for BOI AXA Tax Advantage Fund
Name Since Tenure Aakash Manghani 15 Jul 19 1.47 Yr. Data below for BOI AXA Tax Advantage Fund as on 31 Dec 20
Equity Sector Allocation
Sector Value Financial Services 26.76% Basic Materials 17.76% Technology 14.68% Health Care 13.92% Consumer Cyclical 9.4% Energy 4.97% Industrials 4.29% Consumer Defensive 3.2% Communication Services 2.42% Asset Allocation
Asset Class Value Cash 2.07% Equity 97.93% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK7% ₹25 Cr 172,460 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE5% ₹19 Cr 93,975
↑ 879 Infosys Ltd (Technology)
Equity, Since 30 Jun 20 | INFY4% ₹16 Cr 124,274
↑ 7,367 PI Industries Ltd (Basic Materials)
Equity, Since 30 Nov 18 | PIIND4% ₹15 Cr 66,804
↓ -1,518 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK4% ₹14 Cr 260,895
↓ -14,164 Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 18 | DIVISLAB4% ₹13 Cr 34,619 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | KOTAKBANK3% ₹12 Cr 62,062
↓ -9,806 SRF Ltd (Basic Materials)
Equity, Since 30 Sep 19 | SRF3% ₹10 Cr 18,641
↓ -333 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 May 19 | HDFC3% ₹10 Cr 39,634 Navin Fluorine International Ltd (Basic Materials)
Equity, Since 31 Jul 19 | 5325043% ₹10 Cr 37,433 6. Invesco India Tax Plan
CAGR/Annualized return of 14.3% since its launch. Ranked 17 in ELSS category. Return for 2020 was 19.2% , 2019 was 9.4% and 2018 was -1.3% . Invesco India Tax Plan
Growth Launch Date 29 Dec 06 NAV (19 Jan 21) ₹65.84 ↑ 1.06 (1.64 %) Net Assets (Cr) ₹1,386 on 31 Dec 20 Category Equity - ELSS AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.21 Sharpe Ratio 0.57 Information Ratio -0.17 Alpha Ratio 1.74 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 15 ₹10,000 31 Dec 16 ₹10,342 31 Dec 17 ₹14,039 31 Dec 18 ₹13,864 31 Dec 19 ₹15,171 31 Dec 20 ₹18,078 Returns for Invesco India Tax Plan
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Jan 21 Duration Returns 1 Month 5.7% 3 Month 20.8% 6 Month 30.9% 1 Year 19.6% 3 Year 9.1% 5 Year 14.9% 10 Year 15 Year Since launch 14.3% Historical performance (Yearly) on absolute basis
Year Returns 2020 19.2% 2019 9.4% 2018 -1.3% 2017 35.7% 2016 3.4% 2015 5.8% 2014 54.3% 2013 10.1% 2012 30.3% 2011 -18.9% Fund Manager information for Invesco India Tax Plan
Name Since Tenure Amit Nigam 3 Sep 20 0.33 Yr. Dhimant Kothari 29 Mar 18 2.76 Yr. Data below for Invesco India Tax Plan as on 31 Dec 20
Equity Sector Allocation
Sector Value Financial Services 30.62% Technology 18.04% Consumer Cyclical 10.71% Consumer Defensive 7.62% Industrials 6.87% Basic Materials 6.57% Energy 5.7% Health Care 5.55% Utility 3.18% Communication Services 2.9% Real Estate 0.9% Asset Allocation
Asset Class Value Cash 1.35% Equity 98.65% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK10% ₹136 Cr 948,078 Infosys Ltd (Technology)
Equity, Since 31 Dec 19 | INFY10% ₹135 Cr 1,076,677
↑ 105,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK8% ₹109 Cr 2,031,464
↑ 66,661 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE6% ₹79 Cr 397,743
↓ -21,877 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 19 | KOTAKBANK5% ₹63 Cr 316,379 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Jun 19 | 5006964% ₹61 Cr 254,612 L&T Technology Services Ltd (Technology)
Equity, Since 31 Aug 20 | LTTS3% ₹42 Cr 179,214
↑ 32,921 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 19 | BHARTIARTL3% ₹40 Cr 787,339
↓ -274,498 Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | 5322153% ₹40 Cr 638,509
↑ 638,509 Bajaj Auto Ltd (Consumer Cyclical)
Equity, Since 31 Mar 20 | 5329773% ₹38 Cr 111,023
↑ 29,347 7. BNP Paribas Long Term Equity Fund (ELSS)
CAGR/Annualized return of 11.3% since its launch. Ranked 22 in ELSS category. Return for 2020 was 17.8% , 2019 was 14.3% and 2018 was -9.3% . BNP Paribas Long Term Equity Fund (ELSS)
Growth Launch Date 5 Jan 06 NAV (19 Jan 21) ₹50.353 ↑ 0.71 (1.43 %) Net Assets (Cr) ₹490 on 31 Dec 20 Category Equity - ELSS AMC BNP Paribas Asset Mgmt India Pvt. Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.41 Sharpe Ratio 0.57 Information Ratio -0.32 Alpha Ratio 2.16 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 15 ₹10,000 31 Dec 16 ₹9,338 31 Dec 17 ₹13,292 31 Dec 18 ₹12,055 31 Dec 19 ₹13,773 31 Dec 20 ₹16,222 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 19 Jan 21 Duration Returns 1 Month 5.5% 3 Month 20.6% 6 Month 30.1% 1 Year 18.6% 3 Year 8.2% 5 Year 12.9% 10 Year 15 Year Since launch 11.3% Historical performance (Yearly) on absolute basis
Year Returns 2020 17.8% 2019 14.3% 2018 -9.3% 2017 42.3% 2016 -6.6% 2015 7.7% 2014 53% 2013 7.7% 2012 34.3% 2011 -15% Fund Manager information for BNP Paribas Long Term Equity Fund (ELSS)
Name Since Tenure Abhijeet Dey 16 Nov 16 4.13 Yr. Karthikraj Lakshmanan 7 Oct 16 4.24 Yr. Data below for BNP Paribas Long Term Equity Fund (ELSS) as on 31 Dec 20
Equity Sector Allocation
Sector Value Financial Services 33.45% Technology 16.03% Consumer Defensive 11.81% Industrials 7.06% Communication Services 6.38% Basic Materials 6.25% Health Care 6.07% Consumer Cyclical 4.51% Utility 2.31% Energy 1.82% Real Estate 1.19% Asset Allocation
Asset Class Value Cash 1.74% Equity 98.26% Top Securities Holdings / Portfolio
Name Holding Value Quantity Infosys Ltd (Technology)
Equity, Since 31 Mar 09 | INFY10% ₹47 Cr 375,000
↓ -40,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFCBANK9% ₹42 Cr 295,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 12 | ICICIBANK8% ₹37 Cr 698,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 19 | BHARTIARTL4% ₹20 Cr 395,950 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 18 | TCS4% ₹20 Cr 70,000 Voltas Ltd (Industrials)
Equity, Since 31 Oct 18 | VOLTAS3% ₹16 Cr 190,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322153% ₹15 Cr 245,000 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Apr 20 | 5006963% ₹15 Cr 61,923 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 28 Feb 15 | KOTAKBANK3% ₹14 Cr 70,000 SBI Life Insurance Co Ltd (Financial Services)
Equity, Since 30 Jun 19 | 5407192% ₹12 Cr 135,000 8. Kotak Tax Saver Fund
CAGR/Annualized return of 12% since its launch. Ranked 19 in ELSS category. Return for 2020 was 14.9% , 2019 was 12.7% and 2018 was -3.8% . Kotak Tax Saver Fund
Growth Launch Date 23 Nov 05 NAV (19 Jan 21) ₹55.7 ↑ 0.76 (1.37 %) Net Assets (Cr) ₹1,527 on 31 Dec 20 Category Equity - ELSS AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.34 Sharpe Ratio 0.46 Information Ratio -0.07 Alpha Ratio -1.88 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 15 ₹10,000 31 Dec 16 ₹10,746 31 Dec 17 ₹14,374 31 Dec 18 ₹13,827 31 Dec 19 ₹15,579 31 Dec 20 ₹17,907 Returns for Kotak Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Jan 21 Duration Returns 1 Month 4.8% 3 Month 19.7% 6 Month 30.6% 1 Year 14.7% 3 Year 8.7% 5 Year 15% 10 Year 15 Year Since launch 12% Historical performance (Yearly) on absolute basis
Year Returns 2020 14.9% 2019 12.7% 2018 -3.8% 2017 33.8% 2016 7.5% 2015 1.5% 2014 56.6% 2013 -6.3% 2012 36.2% 2011 -26% Fund Manager information for Kotak Tax Saver Fund
Name Since Tenure Harsha Upadhyaya 25 Aug 15 5.36 Yr. Data below for Kotak Tax Saver Fund as on 31 Dec 20
Equity Sector Allocation
Sector Value Financial Services 18.87% Basic Materials 17.41% Industrials 14.24% Technology 14.18% Consumer Defensive 8.46% Consumer Cyclical 8% Health Care 7.91% Energy 5.85% Utility 3.04% Asset Allocation
Asset Class Value Cash 2.03% Equity 97.95% Other 0.02% Top Securities Holdings / Portfolio
Name Holding Value Quantity Infosys Ltd (Technology)
Equity, Since 31 Dec 05 | INFY7% ₹104 Cr 825,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK6% ₹91 Cr 1,700,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE6% ₹89 Cr 450,000
↓ -56,666 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 18 | TCS5% ₹78 Cr 271,357
↓ -28,643 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Apr 20 | 5006964% ₹65 Cr 270,000 SRF Ltd (Basic Materials)
Equity, Since 30 Apr 16 | SRF4% ₹59 Cr 105,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK4% ₹55 Cr 380,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | 5322153% ₹45 Cr 725,000
↓ -25,000 Dr Reddy's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 18 | 5001243% ₹42 Cr 80,000 Cipla Ltd (Healthcare)
Equity, Since 30 Nov 20 | 5000873% ₹41 Cr 500,000
↑ 300,000 9. HDFC Long Term Advantage Fund
CAGR/Annualized return of 20.7% since its launch. Ranked 23 in ELSS category. Return for 2020 was 11.5% , 2019 was 10.1% and 2018 was -3.9% . HDFC Long Term Advantage Fund
Growth Launch Date 2 Jan 01 NAV (19 Jan 21) ₹436.455 ↑ 5.65 (1.31 %) Net Assets (Cr) ₹1,288 on 31 Dec 20 Category Equity - ELSS AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.17 Sharpe Ratio 0.37 Information Ratio -1.6 Alpha Ratio -5.14 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 15 ₹10,000 31 Dec 16 ₹11,302 31 Dec 17 ₹15,393 31 Dec 18 ₹14,792 31 Dec 19 ₹16,287 31 Dec 20 ₹18,160
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 19 Jan 21 Duration Returns 1 Month 6.2% 3 Month 24.8% 6 Month 34% 1 Year 14.7% 3 Year 6.4% 5 Year 15.2% 10 Year 15 Year Since launch 20.7% Historical performance (Yearly) on absolute basis
Year Returns 2020 11.5% 2019 10.1% 2018 -3.9% 2017 36.2% 2016 13% 2015 -2.4% 2014 44.7% 2013 11% 2012 28.8% 2011 -23.5% Fund Manager information for HDFC Long Term Advantage Fund
Name Since Tenure Chirag Setalvad 2 Apr 07 13.76 Yr. Anand Laddha 21 Oct 20 0.2 Yr. Data below for HDFC Long Term Advantage Fund as on 31 Dec 20
Equity Sector Allocation
Sector Value Financial Services 35.64% Industrials 20.94% Technology 12.34% Energy 11.2% Basic Materials 5.8% Consumer Defensive 4.73% Health Care 3.6% Utility 2.24% Communication Services 2.07% Consumer Cyclical 1.36% Asset Allocation
Asset Class Value Cash 0.09% Equity 99.91% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK10% ₹128 Cr 2,400,000
↓ -73,000 Infosys Ltd (Technology)
Equity, Since 30 Nov 06 | INFY10% ₹126 Cr 1,000,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 13 | HDFCBANK9% ₹122 Cr 850,000
↓ -50,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 05 | RELIANCE8% ₹103 Cr 520,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFC8% ₹102 Cr 400,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Oct 07 | LT6% ₹78 Cr 607,500 State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN6% ₹71 Cr 2,600,000 ITC Ltd (Consumer Defensive)
Equity, Since 31 Oct 05 | ITC5% ₹59 Cr 2,822,910 Carborundum Universal Ltd (Industrials)
Equity, Since 30 Jun 03 | 5133754% ₹50 Cr 1,229,000 Aurobindo Pharma Ltd (Healthcare)
Equity, Since 31 Mar 18 | AUROPHARMA4% ₹46 Cr 500,000 10. Sundaram Diversified Equity Fund
CAGR/Annualized return of 16% since its launch. Ranked 14 in ELSS category. Return for 2020 was 9.9% , 2019 was 6.2% and 2018 was -10.6% . Sundaram Diversified Equity Fund
Growth Launch Date 22 Nov 99 NAV (19 Jan 21) ₹116.985 ↑ 1.72 (1.49 %) Net Assets (Cr) ₹2,408 on 31 Dec 20 Category Equity - ELSS AMC Sundaram Asset Management Company Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.09 Sharpe Ratio 0.33 Information Ratio -1.54 Alpha Ratio -6.87 Min Investment 500 Min SIP Investment 250 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 15 ₹10,000 31 Dec 16 ₹10,684 31 Dec 17 ₹14,790 31 Dec 18 ₹13,221 31 Dec 19 ₹14,036 31 Dec 20 ₹15,419 Returns for Sundaram Diversified Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Jan 21 Duration Returns 1 Month 5.6% 3 Month 22.2% 6 Month 32.6% 1 Year 11% 3 Year 2.3% 5 Year 11.8% 10 Year 15 Year Since launch 16% Historical performance (Yearly) on absolute basis
Year Returns 2020 9.9% 2019 6.2% 2018 -10.6% 2017 38.4% 2016 6.8% 2015 3.1% 2014 45.7% 2013 1.4% 2012 34.5% 2011 -25.4% Fund Manager information for Sundaram Diversified Equity Fund
Name Since Tenure S Krishnakumar 1 Apr 15 5.76 Yr. S. Bharath 23 Jul 20 0.44 Yr. Data below for Sundaram Diversified Equity Fund as on 31 Dec 20
Equity Sector Allocation
Sector Value Financial Services 33.04% Technology 11.92% Industrials 9.83% Consumer Defensive 9.34% Consumer Cyclical 9.33% Basic Materials 8.95% Energy 8.4% Health Care 6.13% Communication Services 3.03% Asset Allocation
Asset Class Value Cash 0.04% Equity 99.96% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 12 | RELIANCE7% ₹175 Cr 880,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | HDFCBANK7% ₹174 Cr 1,212,027
↓ -7,983 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 11 | ICICIBANK6% ₹139 Cr 2,597,794 Infosys Ltd (Technology)
Equity, Since 30 Nov 16 | INFY6% ₹137 Cr 1,087,080
↑ 154,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Jul 19 | HDFC5% ₹125 Cr 490,000
↓ -2,500 Axis Bank Ltd (Financial Services)
Equity, Since 31 May 18 | 5322154% ₹95 Cr 1,523,372 HCL Technologies Ltd (Technology)
Equity, Since 30 Apr 19 | HCLTECH3% ₹82 Cr 864,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 19 | BHARTIARTL3% ₹73 Cr 1,430,000
↓ -70,000 Varun Beverages Ltd (Consumer Defensive)
Equity, Since 31 Oct 16 | VBL3% ₹70 Cr 769,000
↓ -81,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 20 | TCS3% ₹69 Cr 240,045 11. IDBI Equity Advantage Fund
CAGR/Annualized return of 16.8% since its launch. Ranked 21 in ELSS category. Return for 2020 was 8.4% , 2019 was 5.7% and 2018 was -1.7% . IDBI Equity Advantage Fund
Growth Launch Date 10 Sep 13 NAV (19 Jan 21) ₹31.43 ↑ 0.52 (1.68 %) Net Assets (Cr) ₹528 on 31 Dec 20 Category Equity - ELSS AMC IDBI Asset Management Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.37 Sharpe Ratio 0.27 Information Ratio -0.56 Alpha Ratio -6.15 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 15 ₹10,000 31 Dec 16 ₹9,995 31 Dec 17 ₹13,526 31 Dec 18 ₹13,292 31 Dec 19 ₹14,049 31 Dec 20 ₹15,224 Returns for IDBI Equity Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Jan 21 Duration Returns 1 Month 4.3% 3 Month 21.2% 6 Month 27.4% 1 Year 8.5% 3 Year 4.5% 5 Year 10.9% 10 Year 15 Year Since launch 16.8% Historical performance (Yearly) on absolute basis
Year Returns 2020 8.4% 2019 5.7% 2018 -1.7% 2017 35.3% 2016 0% 2015 3.1% 2014 71.2% 2013 2012 2011 Fund Manager information for IDBI Equity Advantage Fund
Name Since Tenure Uma Venkatraman 1 Jul 18 2.51 Yr. Data below for IDBI Equity Advantage Fund as on 31 Dec 20
Equity Sector Allocation
Sector Value Financial Services 28.2% Basic Materials 14.95% Consumer Cyclical 13.19% Consumer Defensive 11.9% Technology 11.68% Health Care 6.65% Energy 6.32% Industrials 3.69% Communication Services 0.84% Asset Allocation
Asset Class Value Cash 2.58% Equity 97.42% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 20 | HDFCBANK6% ₹31 Cr 218,081
↓ -8,589 Infosys Ltd (Technology)
Equity, Since 31 Oct 20 | INFY5% ₹27 Cr 211,297
↓ -8,375 Asian Paints Ltd (Basic Materials)
Equity, Since 30 Sep 13 | 5008205% ₹26 Cr 93,755
↓ -3,690 Reliance Industries Ltd (Energy)
Equity, Since 30 Sep 20 | RELIANCE5% ₹25 Cr 124,485
↓ -4,950 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 20 | 5000344% ₹23 Cr 43,519
↓ -1,724 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 13 | KOTAKBANK4% ₹21 Cr 102,904
↓ -24,113 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 30 Nov 13 | CHOLAFIN4% ₹19 Cr 501,956
↓ -19,970 Bata India Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 5000434% ₹19 Cr 119,169
↓ -34,724 VST Industries Ltd (Consumer Defensive)
Equity, Since 30 Sep 13 | 5099663% ₹18 Cr 48,686
↓ -1,982 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 20 | ICICIBANK3% ₹16 Cr 303,143
↑ 90,000
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.