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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
- HDFC Long Term Advantage Fund
- BNP Paribas Long Term Equity Fund (ELSS)
- Kotak Tax Saver Fund
- Invesco India Tax Plan
- 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 ₹75.49
↑ 0.46 ₹2,976 8.8 39.7 86.7 8.4 15.5 18.7 Tata India Tax Savings Fund Growth ₹22.9154
↑ 0.07 ₹2,636 2.3 25.1 57.5 9 13.8 11.9 Principal Tax Savings Fund Growth ₹259.78
↑ 0.81 ₹508 1.2 27.4 60.8 6.4 13.8 18.9 L&T Tax Advantage Fund Growth ₹67.456
↑ 0.37 ₹3,416 4.4 25.7 59.5 6.1 13.2 13.5 BOI AXA Tax Advantage Fund Growth ₹79.3
↑ 0.94 ₹399 5.7 28 65.2 11.2 17.4 31.2 HDFC Long Term Advantage Fund Growth ₹449.738
↑ 0.12 ₹1,340 3.2 30.1 66.3 9.8 14.3 11.5 BNP Paribas Long Term Equity Fund (ELSS) Growth ₹50.446
↑ 0.30 ₹496 0.2 21.5 50.2 10.3 11.9 17.8 Kotak Tax Saver Fund Growth ₹59.02
↑ 0.25 ₹1,679 5.9 27.7 60.8 12.8 15 14.9 Invesco India Tax Plan Growth ₹66.68
↑ 0.17 ₹1,461 1.6 22.9 56.7 10.4 14.2 19.2 Sundaram Diversified Equity Fund Growth ₹120.587
↑ 0.68 ₹2,395 3.3 26.6 60 5.1 11 9.9 IDBI Equity Advantage Fund Growth ₹31.29
↑ 0.21 ₹515 0.1 21.8 36.2 4.5 9.5 8.4 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 16 Apr 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 To generate long term capital appreciation from a portfolio that is predominantly in equity and equity related instruments HDFC Long Term Advantage Fund is a Equity - ELSS fund was launched on 2 Jan 01. It is a fund with Moderately High risk and has given a Below is the key information for HDFC Long Term Advantage Fund Returns up to 1 year are on The investment objective of the Scheme is to generate long-term capital growth from a diversified 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 The investment objective of the Scheme is to generate long term capital growth from a diversified portfolio of predominantly equity and equity-related securities. Invesco India Tax Plan is a Equity - ELSS fund was launched on 29 Dec 06. It is a fund with Moderately High risk and has given a Below is the key information for Invesco India Tax Plan Returns up to 1 year are on To achieve capital appreciation by investing
predominantly in equities and equity-related
instruments. A three-year lock-in period shall
apply in line with the regulation for ELSS
schemes. Sundaram Diversified Equity Fund is a Equity - ELSS fund was launched on 22 Nov 99. It is a fund with Moderately High risk and has given a Below is the key information for Sundaram Diversified Equity Fund Returns up to 1 year are on The Scheme will seek to invest predominantly in a diversified portfolio of equity and equity related instruments with the objective to provide investors with opportunities for capital appreciation and income along with the benefit of income-tax deduction(under section 80C of the Income-tax Act, 1961) on their investments. Investments in this scheme would be subject to a statutory lock-in of 3 years from the date of allotment to be eligible for income-tax benefits under Section 80C. There can be no assurance that the investment objective under the scheme will be realized. IDBI Equity Advantage Fund is a Equity - ELSS fund was launched on 10 Sep 13. It is a fund with Moderately High risk and has given a Below is the key information for IDBI Equity Advantage Fund Returns up to 1 year are on 1. IDFC Tax Advantage (ELSS) Fund
CAGR/Annualized return of 17.9% 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 (16 Apr 21) ₹75.49 ↑ 0.46 (0.61 %) Net Assets (Cr) ₹2,976 on 28 Feb 21 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 0.68 Sharpe Ratio 0.97 Information Ratio -0.5 Alpha Ratio 2.87 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 16 ₹10,000 31 Mar 17 ₹12,748 31 Mar 18 ₹15,606 31 Mar 19 ₹15,750 31 Mar 20 ₹10,371 31 Mar 21 ₹20,692 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 21 Duration Returns 1 Month -1.3% 3 Month 8.8% 6 Month 39.7% 1 Year 86.7% 3 Year 8.4% 5 Year 15.5% 10 Year 15 Year Since launch 17.9% 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 4.45 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 28 Feb 21
Equity Sector Allocation
Sector Value Financial Services 20.86% Consumer Cyclical 16.43% Industrials 15.75% Basic Materials 14.73% Technology 12.48% Health Care 6.98% Energy 5.22% Communication Services 3.37% Consumer Defensive 2.4% Utility 0.28% Asset Allocation
Asset Class Value Cash 1.51% Equity 98.49% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK7% ₹215 Cr 3,600,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY6% ₹175 Cr 1,400,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK4% ₹123 Cr 800,000 Deepak Nitrite Ltd (Basic Materials)
Equity, Since 31 Mar 17 | 5064014% ₹116 Cr 851,002
↓ -84,482 Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 31 Jul 18 | RELIANCE4% ₹115 Cr 550,000 State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN4% ₹105 Cr 2,700,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL3% ₹100 Cr 1,800,000 Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS3% ₹97 Cr 3,000,000 NCC Ltd (Industrials)
Equity, Since 28 Feb 19 | NCC3% ₹82 Cr 9,250,000
↑ 50,000 KEC International Ltd (Industrials)
Equity, Since 30 Sep 15 | 5327143% ₹78 Cr 1,800,000 2. Tata India Tax Savings Fund
CAGR/Annualized return of 13.6% 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 (16 Apr 21) ₹22.9154 ↑ 0.07 (0.31 %) Net Assets (Cr) ₹2,636 on 28 Feb 21 Category Equity - ELSS AMC Tata Asset Management Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.97 Sharpe Ratio 0.78 Information Ratio -0.68 Alpha Ratio -1.32 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 16 ₹10,000 31 Mar 17 ₹12,631 31 Mar 18 ₹14,411 31 Mar 19 ₹15,560 31 Mar 20 ₹11,840 31 Mar 21 ₹19,801 Returns for Tata India Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 21 Duration Returns 1 Month -3.4% 3 Month 2.3% 6 Month 25.1% 1 Year 57.5% 3 Year 9% 5 Year 13.8% 10 Year 15 Year Since launch 13.6% 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 6.01 Yr. Ennette Fernandes 18 Jun 18 2.79 Yr. Data below for Tata India Tax Savings Fund as on 28 Feb 21
Equity Sector Allocation
Sector Value Financial Services 37.82% Technology 11.92% Energy 9.99% Health Care 9.48% Consumer Cyclical 9% Industrials 8.75% Basic Materials 5.57% Communication Services 5.06% Consumer Defensive 1.15% Real Estate 0.8% Asset Allocation
Asset Class Value Cash 0.46% Equity 99.54% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK9% ₹245 Cr 4,100,000 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK9% ₹230 Cr 1,500,000 Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY8% ₹222 Cr 1,770,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN8% ₹208 Cr 5,325,000 Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 31 Jan 18 | RELIANCE7% ₹181 Cr 870,000
↓ -50,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 19 | BHARTIARTL5% ₹134 Cr 2,400,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322155% ₹130 Cr 1,800,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC5% ₹119 Cr 470,000 UltraTech Cement Ltd (Basic Materials)
Equity, Since 28 Feb 14 | ULTRACEMCO3% ₹76 Cr 125,000 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | M&M3% ₹75 Cr 930,000 3. Principal Tax Savings Fund
CAGR/Annualized return of 15.8% 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 (16 Apr 21) ₹259.78 ↑ 0.81 (0.31 %) Net Assets (Cr) ₹508 on 28 Feb 21 Category Equity - ELSS AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.56 Sharpe Ratio 0.92 Information Ratio -1.1 Alpha Ratio 0.69 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 16 ₹10,000 31 Mar 17 ₹13,309 31 Mar 18 ₹15,492 31 Mar 19 ₹15,870 31 Mar 20 ₹11,545 31 Mar 21 ₹19,813 Returns for Principal Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 21 Duration Returns 1 Month -2.5% 3 Month 1.2% 6 Month 27.4% 1 Year 60.8% 3 Year 6.4% 5 Year 13.8% 10 Year 15 Year Since launch 15.8% 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 1.42 Yr. Data below for Principal Tax Savings Fund as on 28 Feb 21
Equity Sector Allocation
Sector Value Financial Services 36.5% Industrials 10.19% Technology 9.93% Consumer Defensive 8.99% Health Care 8.14% Consumer Cyclical 6.88% Energy 6.7% Basic Materials 3.97% Communication Services 3.17% Utility 1.02% Real Estate 0.55% Asset Allocation
Asset Class Value Cash 2.28% Equity 97.72% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK10% ₹49 Cr 814,685
↓ -78,733 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK7% ₹37 Cr 243,576
↓ -42,425 Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY5% ₹24 Cr 190,534 State Bank of India (Financial Services)
Equity, Since 30 Apr 05 | SBIN4% ₹21 Cr 534,680
↓ -89,650 Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 31 Mar 08 | RELIANCE4% ₹21 Cr 98,359 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 18 | BHARTIARTL3% ₹16 Cr 289,755 Larsen & Toubro Ltd Shs Dematerialised (Industrials)
Equity, Since 31 Mar 13 | LT3% ₹16 Cr 109,140
↓ -23,960 Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 17 | 5322153% ₹16 Cr 215,925
↓ -14,250 Polycab India Ltd (Industrials)
Equity, Since 30 Nov 20 | 5426523% ₹15 Cr 112,670 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Oct 19 | MARUTI3% ₹14 Cr 20,033
↑ 7,190 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 (16 Apr 21) ₹67.456 ↑ 0.37 (0.55 %) Net Assets (Cr) ₹3,416 on 28 Feb 21 Category Equity - ELSS AMC L&T Investment Management Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.04 Sharpe Ratio 0.69 Information Ratio -1.57 Alpha Ratio -7.81 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 16 ₹10,000 31 Mar 17 ₹13,044 31 Mar 18 ₹15,121 31 Mar 19 ₹15,050 31 Mar 20 ₹10,963 31 Mar 21 ₹18,809 Returns for L&T Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 21 Duration Returns 1 Month -0.4% 3 Month 4.4% 6 Month 25.7% 1 Year 59.5% 3 Year 6.1% 5 Year 13.2% 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 1.29 Yr. Vihang Naik 17 Dec 19 1.29 Yr. Data below for L&T Tax Advantage Fund as on 28 Feb 21
Equity Sector Allocation
Sector Value Financial Services 24.79% Basic Materials 14.95% Consumer Cyclical 14.41% Technology 12.45% Health Care 8.97% Industrials 8.52% Consumer Defensive 6.8% Energy 5.06% Communication Services 2.23% Asset Allocation
Asset Class Value Cash 1.83% Equity 98.16% Other 0.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK5% ₹175 Cr 2,933,600 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK5% ₹168 Cr 1,097,700 Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY5% ₹154 Cr 1,232,500 Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 31 Aug 18 | RELIANCE4% ₹135 Cr 648,400 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 09 | TCS4% ₹125 Cr 430,700 Larsen & Toubro Ltd Shs Dematerialised (Industrials)
Equity, Since 31 Mar 06 | LT3% ₹112 Cr 778,000 State Bank of India (Financial Services)
Equity, Since 31 Jan 19 | SBIN3% ₹112 Cr 2,871,200
↑ 889,200 HCL Technologies Ltd Shs Dematerialised (Technology)
Equity, Since 30 Sep 17 | HCLTECH3% ₹109 Cr 1,203,500
↓ -357,400 Emami Ltd (Consumer Defensive)
Equity, Since 30 Jun 19 | 5311623% ₹106 Cr 2,333,743 Ramco Cements Ltd (Basic Materials)
Equity, Since 30 Jun 14 | RAMCOCEM3% ₹103 Cr 1,068,449 5. BOI AXA Tax Advantage Fund
CAGR/Annualized return of 18.6% 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 (16 Apr 21) ₹79.3 ↑ 0.94 (1.20 %) Net Assets (Cr) ₹399 on 28 Feb 21 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.67 Sharpe Ratio 1 Information Ratio 0.05 Alpha Ratio 2.82 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 16 ₹10,000 31 Mar 17 ₹12,211 31 Mar 18 ₹15,601 31 Mar 19 ₹14,341 31 Mar 20 ₹12,887 31 Mar 21 ₹22,489 Returns for BOI AXA Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 21 Duration Returns 1 Month -0.4% 3 Month 5.7% 6 Month 28% 1 Year 65.2% 3 Year 11.2% 5 Year 17.4% 10 Year 15 Year Since launch 18.6% 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 1.72 Yr. Data below for BOI AXA Tax Advantage Fund as on 28 Feb 21
Equity Sector Allocation
Sector Value Financial Services 29.87% Basic Materials 17.62% Technology 14.56% Health Care 10.22% Consumer Cyclical 9.97% Industrials 4.63% Communication Services 3.92% Energy 3.48% Consumer Defensive 2.11% Utility 0.72% Asset Allocation
Asset Class Value Cash 2.91% Equity 97.09% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK7% ₹27 Cr 173,358
↑ 4,949 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK5% ₹19 Cr 320,694
↑ 68,381 Infosys Ltd (Technology)
Equity, Since 30 Jun 20 | INFY4% ₹16 Cr 129,655
↓ -3,093 Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 30 Nov 18 | RELIANCE3% ₹14 Cr 66,440
↓ -11,189 PI Industries Ltd (Basic Materials)
Equity, Since 30 Nov 18 | PIIND3% ₹13 Cr 58,142
↓ -6,500 Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 18 | DIVISLAB3% ₹12 Cr 35,659
↑ 1,040 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Jan 18 | CHOLAFIN3% ₹12 Cr 223,507
↑ 22,736 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 May 19 | HDFC3% ₹11 Cr 42,848
↑ 5,037 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | KOTAKBANK3% ₹11 Cr 59,554
↑ 2,085 Laurus Labs Ltd (Healthcare)
Equity, Since 30 Jun 20 | 5402222% ₹10 Cr 278,350 6. HDFC Long Term Advantage Fund
CAGR/Annualized return of 20.6% 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 (16 Apr 21) ₹449.738 ↑ 0.12 (0.03 %) Net Assets (Cr) ₹1,340 on 28 Feb 21 Category Equity - ELSS AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.17 Sharpe Ratio 0.83 Information Ratio -0.7 Alpha Ratio 0.75 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 16 ₹10,000 31 Mar 17 ₹13,009 31 Mar 18 ₹14,495 31 Mar 19 ₹16,072 31 Mar 20 ₹11,350 31 Mar 21 ₹20,188
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 16 Apr 21 Duration Returns 1 Month -3.1% 3 Month 3.2% 6 Month 30.1% 1 Year 66.3% 3 Year 9.8% 5 Year 14.3% 10 Year 15 Year Since launch 20.6% Historical performance (Yearly) on absolute basis
Year Returns 2020 11.5% 2019 10.1% 2018 -3.9% 2017 36.2% 2016 13% 2015 -2.4% 2014 44.7% 2013 11% 2012 28.8% 2011 -23.5% Fund Manager information for HDFC Long Term Advantage Fund
Name Since Tenure Chirag Setalvad 2 Apr 07 14.01 Yr. Anand Laddha 21 Oct 20 0.44 Yr. Data below for HDFC Long Term Advantage Fund as on 28 Feb 21
Equity Sector Allocation
Sector Value Financial Services 36.16% Industrials 18.71% Energy 11.45% Technology 9.99% Basic Materials 5.72% Consumer Defensive 4.3% Health Care 3.19% Utility 2.4% Communication Services 2.13% Consumer Cyclical 1.96% Asset Allocation
Asset Class Value Cash 2.31% Equity 96% Other 1.69% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 13 | HDFCBANK10% ₹130 Cr 850,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK9% ₹120 Cr 2,000,000 Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 31 Jul 05 | RELIANCE8% ₹108 Cr 520,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFC8% ₹102 Cr 400,000 State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN8% ₹101 Cr 2,600,000 Infosys Ltd (Technology)
Equity, Since 30 Nov 06 | INFY7% ₹94 Cr 750,000 Larsen & Toubro Ltd Shs Dematerialised (Industrials)
Equity, Since 31 Oct 07 | LT7% ₹88 Cr 607,500 Carborundum Universal Ltd (Industrials)
Equity, Since 30 Jun 03 | 5133755% ₹62 Cr 1,229,000 ITC Ltd (Consumer Defensive)
Equity, Since 31 Oct 05 | ITC4% ₹58 Cr 2,822,910 Bharat Petroleum Corp Ltd (Energy)
Equity, Since 30 Sep 12 | 5005473% ₹45 Cr 1,000,000 7. BNP Paribas Long Term Equity Fund (ELSS)
CAGR/Annualized return of 11.2% since its launch. Ranked 22 in ELSS category. Return for 2020 was 17.8% , 2019 was 14.3% and 2018 was -9.3% . BNP Paribas Long Term Equity Fund (ELSS)
Growth Launch Date 5 Jan 06 NAV (16 Apr 21) ₹50.446 ↑ 0.30 (0.59 %) Net Assets (Cr) ₹496 on 28 Feb 21 Category Equity - ELSS AMC BNP Paribas Asset Mgmt India Pvt. Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.41 Sharpe Ratio 0.79 Information Ratio -0.06 Alpha Ratio -2.56 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 16 ₹10,000 31 Mar 17 ₹11,518 31 Mar 18 ₹12,731 31 Mar 19 ₹13,371 31 Mar 20 ₹11,476 31 Mar 21 ₹18,179 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 16 Apr 21 Duration Returns 1 Month -3.3% 3 Month 0.2% 6 Month 21.5% 1 Year 50.2% 3 Year 10.3% 5 Year 11.9% 10 Year 15 Year Since launch 11.2% Historical performance (Yearly) on absolute basis
Year Returns 2020 17.8% 2019 14.3% 2018 -9.3% 2017 42.3% 2016 -6.6% 2015 7.7% 2014 53% 2013 7.7% 2012 34.3% 2011 -15% Fund Manager information for BNP Paribas Long Term Equity Fund (ELSS)
Name Since Tenure Abhijeet Dey 16 Nov 16 4.37 Yr. Karthikraj Lakshmanan 7 Oct 16 4.48 Yr. Data below for BNP Paribas Long Term Equity Fund (ELSS) as on 28 Feb 21
Equity Sector Allocation
Sector Value Financial Services 35.79% Technology 13.97% Consumer Defensive 10.12% Industrials 7.58% Basic Materials 6.4% Communication Services 5.73% Health Care 5.47% Consumer Cyclical 4.73% Utility 2.56% Energy 1.89% Real Estate 0.88% Asset Allocation
Asset Class Value Cash 2.45% Equity 97.55% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 12 | ICICIBANK9% ₹44 Cr 738,000
↑ 40,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFCBANK9% ₹43 Cr 280,000 Infosys Ltd (Technology)
Equity, Since 31 Mar 09 | INFY8% ₹40 Cr 320,000
↓ -20,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322155% ₹22 Cr 310,000
↑ 65,000 Voltas Ltd Shs Dematerialised (Industrials)
Equity, Since 31 Oct 18 | VOLTAS3% ₹17 Cr 170,000
↓ -20,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 19 | BHARTIARTL3% ₹17 Cr 300,000
↓ -70,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 18 | TCS3% ₹17 Cr 57,500
↓ -7,500 Gujarat Gas Ltd (Utilities)
Equity, Since 31 Mar 17 | 5393363% ₹13 Cr 256,500 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 28 Feb 15 | KOTAKBANK3% ₹12 Cr 70,000 Reliance Industries Ltd.
Equity, Since 31 Dec 20 | -2% ₹12 Cr 100,000
↑ 17,801 8. Kotak Tax Saver Fund
CAGR/Annualized return of 12.2% since its launch. Ranked 19 in ELSS category. Return for 2020 was 14.9% , 2019 was 12.7% and 2018 was -3.8% . Kotak Tax Saver Fund
Growth Launch Date 23 Nov 05 NAV (16 Apr 21) ₹59.02 ↑ 0.25 (0.43 %) Net Assets (Cr) ₹1,679 on 28 Feb 21 Category Equity - ELSS AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.34 Sharpe Ratio 0.77 Information Ratio 0.32 Alpha Ratio -3.9 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 16 ₹10,000 31 Mar 17 ₹12,978 31 Mar 18 ₹13,789 31 Mar 19 ₹15,193 31 Mar 20 ₹11,938 31 Mar 21 ₹20,457 Returns for Kotak Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 21 Duration Returns 1 Month -0.6% 3 Month 5.9% 6 Month 27.7% 1 Year 60.8% 3 Year 12.8% 5 Year 15% 10 Year 15 Year Since launch 12.2% Historical performance (Yearly) on absolute basis
Year Returns 2020 14.9% 2019 12.7% 2018 -3.8% 2017 33.8% 2016 7.5% 2015 1.5% 2014 56.6% 2013 -6.3% 2012 36.2% 2011 -26% Fund Manager information for Kotak Tax Saver Fund
Name Since Tenure Harsha Upadhyaya 25 Aug 15 5.6 Yr. Data below for Kotak Tax Saver Fund as on 28 Feb 21
Equity Sector Allocation
Sector Value Financial Services 24.97% Basic Materials 18.07% Industrials 17.52% Technology 11.81% Consumer Cyclical 7.89% Health Care 6.53% Energy 3.73% Utility 3.47% Communication Services 2.98% Consumer Defensive 1.59% Asset Allocation
Asset Class Value Cash 1.44% Equity 98.55% Other 0.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK8% ₹140 Cr 2,350,000
↑ 850,000 Infosys Ltd (Technology)
Equity, Since 31 Dec 05 | INFY6% ₹100 Cr 800,000
↓ -25,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 18 | TCS4% ₹65 Cr 225,000
↓ -46,027 Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 30 Jun 06 | RELIANCE4% ₹63 Cr 300,000
↓ -100,000 State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN4% ₹60 Cr 1,550,000
↑ 1,550,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK3% ₹58 Cr 380,000 SRF Ltd (Basic Materials)
Equity, Since 30 Apr 16 | SRF3% ₹54 Cr 100,000
↓ -5,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | 5322153% ₹53 Cr 725,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 28 Feb 21 | BHARTIARTL3% ₹50 Cr 900,000
↑ 900,000 Larsen & Toubro Ltd Shs Dematerialised (Industrials)
Equity, Since 28 Feb 14 | LT3% ₹47 Cr 325,000
↑ 25,000 9. Invesco India Tax Plan
CAGR/Annualized return of 14.2% 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 (16 Apr 21) ₹66.68 ↑ 0.17 (0.26 %) Net Assets (Cr) ₹1,461 on 28 Feb 21 Category Equity - ELSS AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.21 Sharpe Ratio 0.73 Information Ratio -0.15 Alpha Ratio -6.07 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 16 ₹10,000 31 Mar 17 ₹12,091 31 Mar 18 ₹13,969 31 Mar 19 ₹15,241 31 Mar 20 ₹12,017 31 Mar 21 ₹19,947 Returns for Invesco India Tax Plan
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 21 Duration Returns 1 Month -3.3% 3 Month 1.6% 6 Month 22.9% 1 Year 56.7% 3 Year 10.4% 5 Year 14.2% 10 Year 15 Year Since launch 14.2% 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 0.57 Yr. Dhimant Kothari 29 Mar 18 3.01 Yr. Data below for Invesco India Tax Plan as on 28 Feb 21
Equity Sector Allocation
Sector Value Financial Services 34.53% Technology 16.82% Consumer Cyclical 10.26% Industrials 9.02% Basic Materials 7.28% Energy 5.68% Consumer Defensive 4.97% Health Care 4.4% Utility 3.13% Communication Services 2.77% Asset Allocation
Asset Class Value Cash 1.14% Equity 98.86% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK10% ₹145 Cr 948,078 Infosys Ltd (Technology)
Equity, Since 31 Dec 19 | INFY9% ₹135 Cr 1,076,677 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK8% ₹121 Cr 2,031,464 Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 31 Mar 17 | RELIANCE6% ₹83 Cr 397,743 Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | 5322154% ₹64 Cr 883,988
↑ 192,701 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 19 | KOTAKBANK4% ₹56 Cr 316,379 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Jun 19 | 5006964% ₹54 Cr 254,612 L&T Technology Services Ltd (Technology)
Equity, Since 31 Aug 20 | LTTS3% ₹43 Cr 167,264 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 19 | BHARTIARTL3% ₹41 Cr 728,066 SBI Cards and Payment Services Ltd Ordinary Shares (Financial Services)
Equity, Since 30 Apr 20 | 5430663% ₹37 Cr 348,092 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 (16 Apr 21) ₹120.587 ↑ 0.68 (0.57 %) Net Assets (Cr) ₹2,395 on 28 Feb 21 Category Equity - ELSS AMC Sundaram Asset Management Company Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.09 Sharpe Ratio 0.64 Information Ratio -1.34 Alpha Ratio -9.72 Min Investment 500 Min SIP Investment 250 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 16 ₹10,000 31 Mar 17 ₹12,913 31 Mar 18 ₹14,230 31 Mar 19 ₹14,599 31 Mar 20 ₹10,256 31 Mar 21 ₹17,443 Returns for Sundaram Diversified Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 21 Duration Returns 1 Month -2% 3 Month 3.3% 6 Month 26.6% 1 Year 60% 3 Year 5.1% 5 Year 11% 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. Bharath 23 Jul 20 0.69 Yr. Rohit Seksaria 24 Feb 21 0.1 Yr. Data below for Sundaram Diversified Equity Fund as on 28 Feb 21
Equity Sector Allocation
Sector Value Financial Services 33.33% Industrials 11.56% Technology 11.25% Basic Materials 9.33% Consumer Cyclical 8.98% Energy 8.36% Consumer Defensive 8.16% Health Care 5.55% Communication Services 2.86% Utility 0.18% Asset Allocation
Asset Class Value Cash 0.43% Equity 99.57% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | HDFCBANK7% ₹180 Cr 1,170,000
↓ -30,000 Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 30 Apr 12 | RELIANCE7% ₹168 Cr 807,500
↓ -32,500 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 11 | ICICIBANK6% ₹149 Cr 2,500,000
↓ -70,000 Infosys Ltd (Technology)
Equity, Since 30 Nov 16 | INFY6% ₹133 Cr 1,060,000
↓ -25,500 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Jul 19 | HDFC5% ₹121 Cr 478,000
↓ -6,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 May 18 | 5322154% ₹105 Cr 1,450,000
↓ -50,000 Varun Beverages Ltd (Consumer Defensive)
Equity, Since 31 Oct 16 | VBL3% ₹73 Cr 700,000
↓ -30,000 HCL Technologies Ltd Shs Dematerialised (Technology)
Equity, Since 30 Apr 19 | HCLTECH3% ₹72 Cr 792,000
↓ -65,500 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 19 | BHARTIARTL3% ₹69 Cr 1,233,000
↓ -97,000 Quess Corp Ltd (Industrials)
Equity, Since 31 Jan 18 | 5399783% ₹65 Cr 860,000
↓ -50,000 11. IDBI Equity Advantage Fund
CAGR/Annualized return of 16.2% 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 (16 Apr 21) ₹31.29 ↑ 0.21 (0.68 %) Net Assets (Cr) ₹515 on 28 Feb 21 Category Equity - ELSS AMC IDBI Asset Management Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.37 Sharpe Ratio 0.56 Information Ratio -0.66 Alpha Ratio -8.42 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 16 ₹10,000 31 Mar 17 ₹11,722 31 Mar 18 ₹13,326 31 Mar 19 ₹13,465 31 Mar 20 ₹11,306 31 Mar 21 ₹16,288 Returns for IDBI Equity Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 21 Duration Returns 1 Month -3.3% 3 Month 0.1% 6 Month 21.8% 1 Year 36.2% 3 Year 4.5% 5 Year 9.5% 10 Year 15 Year Since launch 16.2% 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 2.75 Yr. Data below for IDBI Equity Advantage Fund as on 28 Feb 21
Equity Sector Allocation
Sector Value Financial Services 36.52% Basic Materials 13.7% Consumer Cyclical 13.48% Technology 12.87% Energy 7.02% Consumer Defensive 6.7% Industrials 5.44% Health Care 2.29% Communication Services 1.19% Asset Allocation
Asset Class Value Cash 0.78% Equity 99.22% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 20 | HDFCBANK8% ₹39 Cr 251,881 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 20 | ICICIBANK6% ₹30 Cr 503,143
↑ 100,000 Infosys Ltd (Technology)
Equity, Since 31 Oct 20 | INFY5% ₹26 Cr 211,297 Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 30 Sep 20 | RELIANCE5% ₹26 Cr 124,485 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 20 | 5000344% ₹23 Cr 43,519 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Sep 20 | HDFC4% ₹21 Cr 82,026 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 13 | KOTAKBANK4% ₹18 Cr 102,904 ABB India Ltd (Industrials)
Equity, Since 30 Apr 15 | 5000023% ₹17 Cr 110,793 Sundaram Finance Ltd (Financial Services)
Equity, Since 30 Sep 13 | SUNDARMFIN3% ₹15 Cr 54,984 HCL Technologies Ltd Shs Dematerialised (Technology)
Equity, Since 31 May 20 | HCLTECH3% ₹14 Cr 158,917
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.