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11 Best performing Tax Saving (ELSS) Mutual Funds to invest in 2022

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11 Best Tax Saving ELSS Mutual Funds 2022

Updated on September 28, 2022 , 16789 views

Best elss Funds or Equity Linked Savings Schemes are equity diversified Mutual Funds that majorly invest in equity-linked instruments (like shares and stocks) to provide Market-linked returns and help save direct tax on Income. Typically, 80% of the fund corpus is invested in equity and the remaining in debt instruments.

ELSS funds are also known as the tax saving Mutual Funds as they offer tax benefits under Section 80C of the income tax Act. Moreover, the ELSS Mutual Funds are open-ended, which means that the investors can subscribe in these funds as and when they want.

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Who Can Invest in ELSS Fund?

Generally, ELSS Mutual Funds are suitable for all kinds of investors who are willing to take market-linked risks for Tax Planning and saving money. Anyone can invest in ELSS funds at any point of time in their life. However, it is suggested to invest in tax saving ELSS funds during the early stage of your career so that your money grows over time and you earn better returns.

Hence, save tax and earn good returns both at the same time by Investing in best ELSS funds. Investors should be aware that amount invested in ELSS funds is locked for 3 Years.

Investors can invest in ELSS mutual funds as lumpsum (One Time) of SIP (Systematic Investment plan). It is advised for beginners to generally invest using SIP as it better suited for them.

Other Tax Saving Options?

Similar to ELSS other options under Section 80c includes : Life Insurance premium, Tax saving fixed deposits, PPF, NSC, EPF, Unit Linked Equity Plans (ULIP). One should know combines limit of saving under section 80c is limited to 1.5 Lakhs Per Financial year.

Top 11 Best Performing ELSS Mutual Funds for Investment in FY 22 - 23

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2021 (%)
IDFC Tax Advantage (ELSS) Fund Growth ₹97.612
↑ 1.42
₹3,85111.5-0.43.422.41349.2
Tata India Tax Savings Fund Growth ₹28.2443
↑ 0.45
₹3,11911.20.21.915.611.230.4
Principal Tax Savings Fund Growth ₹332.001
↑ 5.36
₹96911.31.82.218.81132.1
L&T Tax Advantage Fund Growth ₹77.979
↑ 1.08
₹3,25413.2-1.6-1.514.18.330.3
HDFC Long Term Advantage Fund Growth ₹595.168
↑ 0.28
₹1,3181.215.435.520.617.4
Kotak Tax Saver Fund Growth ₹72.801
↑ 1.18
₹2,93611.80.73.318.212.933.2
Sundaram Diversified Equity Fund Growth ₹150.051
↑ 2.38
₹1,85611.42.32.214.98.831.5
IDBI Equity Advantage Fund Growth ₹38
↑ 0.53
₹50512.1-0.5-0.511.69.125.6
BOI AXA Tax Advantage Fund Growth ₹97.9
↑ 1.73
₹64513.90.5-2.623.414.441.5
BNP Paribas Long Term Equity Fund (ELSS) Growth ₹57.0115
↑ 0.94
₹7019.5-3-4.912.89.523.6
Invesco India Tax Plan Growth ₹76.52
↑ 1.29
₹1,9039.8-5.1-7.714.511.432.6
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 30 Sep 22

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

1. IDFC Tax Advantage (ELSS) Fund

The investment objective of the Scheme is to seek to generate long term capital growth from a diversified portfolio of predominantly equity and equity related securities. There can be no assurance that the investment objective of the scheme will be realised.

IDFC Tax Advantage (ELSS) Fund is a Equity - ELSS fund was launched on 26 Dec 08. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 18% since its launch.  Ranked 3 in ELSS category.  Return for 2021 was 49.2% , 2020 was 18.7% and 2019 was 1.9% .

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

IDFC Tax Advantage (ELSS) Fund
Growth
Launch Date 26 Dec 08
NAV (30 Sep 22) ₹97.612 ↑ 1.42   (1.47 %)
Net Assets (Cr) ₹3,851 on 31 Aug 22
Category Equity - ELSS
AMC IDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 1.95
Sharpe Ratio 0.4
Information Ratio 0.55
Alpha Ratio 2.67
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Sep 17₹10,000
30 Sep 18₹10,161
30 Sep 19₹10,044
30 Sep 20₹10,138
30 Sep 21₹17,831

IDFC Tax Advantage (ELSS) Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹426,080.
Net Profit of ₹126,080
Invest Now

Returns for IDFC Tax Advantage (ELSS) Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Sep 22

DurationReturns
1 Month -1.5%
3 Month 11.5%
6 Month -0.4%
1 Year 3.4%
3 Year 22.4%
5 Year 13%
10 Year
15 Year
Since launch 18%
Historical performance (Yearly) on absolute basis
YearReturns
2021 49.2%
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%
Fund Manager information for IDFC Tax Advantage (ELSS) Fund
NameSinceTenure
Daylynn Pinto20 Oct 165.87 Yr.

Data below for IDFC Tax Advantage (ELSS) Fund as on 31 Aug 22

Equity Sector Allocation
SectorValue
Financial Services27.54%
Consumer Cyclical17.61%
Industrials12.1%
Basic Materials10.14%
Technology9.49%
Health Care7.23%
Energy3.77%
Consumer Defensive3.26%
Communication Services2.64%
Asset Allocation
Asset ClassValue
Cash6.23%
Equity93.77%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK
9%₹337 Cr3,800,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY
5%₹209 Cr1,400,000
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
5%₹186 Cr3,500,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK
4%₹156 Cr1,050,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE
4%₹145 Cr550,000
Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS
3%₹122 Cr2,600,000
↓ -100,000
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Jul 20 | M&M
3%₹118 Cr900,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL
3%₹102 Cr1,400,000
Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | 532215
3%₹101 Cr1,350,000
VRL Logistics Ltd (Industrials)
Equity, Since 30 Nov 15 | VRLLOG
2%₹92 Cr1,475,000

2. Tata India Tax Savings Fund

To provide medium to long term capital gains along with income tax relief to its Unitholders, while at all times emphasising the importance of capital appreciation..

Tata India Tax Savings Fund is a Equity - ELSS fund was launched on 13 Oct 14. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 13.9% since its launch.  Ranked 1 in ELSS category.  Return for 2021 was 30.4% , 2020 was 11.9% and 2019 was 13.6% .

Below is the key information for Tata India Tax Savings Fund

Tata India Tax Savings Fund
Growth
Launch Date 13 Oct 14
NAV (30 Sep 22) ₹28.2443 ↑ 0.45   (1.64 %)
Net Assets (Cr) ₹3,119 on 31 Aug 22
Category Equity - ELSS
AMC Tata Asset Management Limited
Rating
Risk Moderately High
Expense Ratio 1.8
Sharpe Ratio 0.31
Information Ratio -0.72
Alpha Ratio 1.29
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Sep 17₹10,000
30 Sep 18₹9,812
30 Sep 19₹10,998
30 Sep 20₹10,671
30 Sep 21₹16,679

Tata India Tax Savings Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹405,518.
Net Profit of ₹105,518
Invest Now

Returns for Tata India Tax Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Sep 22

DurationReturns
1 Month -2.6%
3 Month 11.2%
6 Month 0.2%
1 Year 1.9%
3 Year 15.6%
5 Year 11.2%
10 Year
15 Year
Since launch 13.9%
Historical performance (Yearly) on absolute basis
YearReturns
2021 30.4%
2020 11.9%
2019 13.6%
2018 -8.4%
2017 46%
2016 2.1%
2015 13.3%
2014
2013
2012
Fund Manager information for Tata India Tax Savings Fund
NameSinceTenure
Tejas Gutka9 Mar 211.48 Yr.

Data below for Tata India Tax Savings Fund as on 31 Aug 22

Equity Sector Allocation
SectorValue
Financial Services38.35%
Industrials17.73%
Technology8.74%
Consumer Cyclical7.45%
Energy5.71%
Health Care5.51%
Basic Materials5.45%
Communication Services4.67%
Utility2.3%
Real Estate1.54%
Consumer Defensive1.17%
Asset Allocation
Asset ClassValue
Cash1.37%
Equity98.63%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK
8%₹248 Cr2,800,000
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK
6%₹194 Cr1,305,000
State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN
6%₹183 Cr3,450,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE
6%₹178 Cr675,000
Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY
6%₹173 Cr1,160,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC
5%₹141 Cr575,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 532215
4%₹110 Cr1,465,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 19 | BHARTIARTL
3%₹93 Cr1,275,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 16 | LT
2%₹75 Cr390,000
SBI Life Insurance Company Limited (Financial Services)
Equity, Since 30 Apr 21 | 540719
2%₹70 Cr525,000

3. Principal Tax Savings Fund

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

Principal Tax Savings Fund is a Equity - ELSS fund was launched on 31 Mar 96. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 15.9% since its launch.  Ranked 8 in ELSS category.  Return for 2021 was 32.1% , 2020 was 18.9% and 2019 was 2.5% .

Below is the key information for Principal Tax Savings Fund

Principal Tax Savings Fund
Growth
Launch Date 31 Mar 96
NAV (30 Sep 22) ₹332.001 ↑ 5.36   (1.64 %)
Net Assets (Cr) ₹969 on 31 Aug 22
Category Equity - ELSS
AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd.
Rating
Risk Moderately High
Expense Ratio 2.55
Sharpe Ratio 0.37
Information Ratio 0.09
Alpha Ratio 2.12
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Sep 17₹10,000
30 Sep 18₹10,206
30 Sep 19₹10,084
30 Sep 20₹10,145
30 Sep 21₹16,518

Principal Tax Savings Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹405,518.
Net Profit of ₹105,518
Invest Now

Returns for Principal Tax Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Sep 22

DurationReturns
1 Month -2.3%
3 Month 11.3%
6 Month 1.8%
1 Year 2.2%
3 Year 18.8%
5 Year 11%
10 Year
15 Year
Since launch 15.9%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2012 46.5%
Fund Manager information for Principal Tax Savings Fund
NameSinceTenure
Sudhir Kedia29 Oct 192.84 Yr.
Rohit Seksaria1 Jan 220.66 Yr.

Data below for Principal Tax Savings Fund as on 31 Aug 22

Equity Sector Allocation
SectorValue
Financial Services39.47%
Consumer Cyclical16.37%
Industrials12.34%
Technology9.59%
Health Care5.37%
Energy4.22%
Consumer Defensive4.03%
Basic Materials3.54%
Communication Services1.76%
Real Estate0.85%
Asset Allocation
Asset ClassValue
Cash2.43%
Equity97.57%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
10%₹93 Cr1,044,215
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK
5%₹50 Cr335,117
Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY
4%₹43 Cr288,000
State Bank of India (Financial Services)
Equity, Since 30 Apr 05 | SBIN
4%₹42 Cr787,020
Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 21 | RELIANCE
4%₹41 Cr155,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFC
4%₹38 Cr157,000
Ashok Leyland Ltd (Industrials)
Equity, Since 31 Aug 20 | 500477
4%₹37 Cr2,405,310
Polycab India Ltd (Industrials)
Equity, Since 30 Nov 20 | 542652
3%₹31 Cr126,000
Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 17 | 532215
3%₹31 Cr410,005
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Oct 19 | MARUTI
3%₹30 Cr33,000

4. L&T Tax Advantage Fund

To generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities.

L&T Tax Advantage Fund is a Equity - ELSS fund was launched on 27 Feb 06. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 13.2% since its launch.  Ranked 7 in ELSS category.  Return for 2021 was 30.3% , 2020 was 13.5% and 2019 was 4.6% .

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

L&T Tax Advantage Fund
Growth
Launch Date 27 Feb 06
NAV (30 Sep 22) ₹77.979 ↑ 1.08   (1.41 %)
Net Assets (Cr) ₹3,254 on 31 Aug 22
Category Equity - ELSS
AMC L&T Investment Management Ltd
Rating
Risk Moderately High
Expense Ratio 1.97
Sharpe Ratio -0.13
Information Ratio -1.08
Alpha Ratio -6.08
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Sep 17₹10,000
30 Sep 18₹10,102
30 Sep 19₹9,997
30 Sep 20₹10,053
30 Sep 21₹15,096

L&T Tax Advantage Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹376,357.
Net Profit of ₹76,357
Invest Now

Returns for L&T Tax Advantage Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Sep 22

DurationReturns
1 Month -1.5%
3 Month 13.2%
6 Month -1.6%
1 Year -1.5%
3 Year 14.1%
5 Year 8.3%
10 Year
15 Year
Since launch 13.2%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2012 27.4%
Fund Manager information for L&T Tax Advantage Fund
NameSinceTenure
Vihang Naik17 Dec 192.71 Yr.
Cheenu Gupta2 Jul 211.17 Yr.

Data below for L&T Tax Advantage Fund as on 31 Aug 22

Equity Sector Allocation
SectorValue
Financial Services30.06%
Consumer Cyclical22.62%
Technology11.98%
Industrials10.26%
Basic Materials7.35%
Consumer Defensive6.71%
Energy3.85%
Health Care2.86%
Utility1.71%
Real Estate1.61%
Asset Allocation
Asset ClassValue
Cash0.99%
Equity99.01%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK
10%₹317 Cr3,572,500
Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY
6%₹194 Cr1,297,500
↓ -50,700
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK
6%₹186 Cr1,249,400
State Bank of India (Financial Services)
Equity, Since 31 Jan 19 | SBIN
5%₹160 Cr3,005,300
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 21 | RELIANCE
4%₹125 Cr475,100
↓ -43,200
Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 21 | 500850
4%₹121 Cr4,240,500
↓ -300,077
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Jul 22 | 500696
3%₹112 Cr419,300
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Jun 22 | MARUTI
3%₹108 Cr118,900
Persistent Systems Ltd (Technology)
Equity, Since 31 Jul 21 | PERSISTENT
3%₹97 Cr276,400
Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Jul 21 | 500034
3%₹97 Cr132,900

5. HDFC Long Term Advantage Fund

To generate long term capital appreciation from a portfolio that is predominantly in equity and equity related instruments

HDFC Long Term Advantage Fund is a Equity - ELSS fund was launched on 2 Jan 01. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 21.4% since its launch.  Ranked 23 in ELSS category. .

Below is the key information for HDFC Long Term Advantage Fund

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.

DateValue
30 Sep 17₹10,000
30 Sep 18₹10,744
30 Sep 19₹11,412
30 Sep 20₹10,757
30 Sep 21₹17,891

HDFC Long Term Advantage Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹470,047.
Net Profit of ₹170,047
Invest Now

Purchase not allowed

Returns for HDFC Long Term Advantage Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Sep 22

DurationReturns
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
YearReturns
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
Fund Manager information for HDFC Long Term Advantage Fund
NameSinceTenure

Data below for HDFC Long Term Advantage Fund as on 30 Nov 21

Equity Sector Allocation
SectorValue
Asset Allocation
Asset ClassValue
Top Securities Holdings / Portfolio
NameHoldingValueQuantity

6. Kotak Tax Saver Fund

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 CAGR/Annualized return of 12.5% since its launch.  Ranked 19 in ELSS category.  Return for 2021 was 33.2% , 2020 was 14.9% and 2019 was 12.7% .

Below is the key information for Kotak Tax Saver Fund

Kotak Tax Saver Fund
Growth
Launch Date 23 Nov 05
NAV (30 Sep 22) ₹72.801 ↑ 1.18   (1.65 %)
Net Assets (Cr) ₹2,936 on 31 Aug 22
Category Equity - ELSS
AMC Kotak Mahindra Asset Management Co Ltd
Rating
Risk Moderately High
Expense Ratio 2.15
Sharpe Ratio 0.26
Information Ratio 0.01
Alpha Ratio 0.57
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Sep 17₹10,000
30 Sep 18₹10,237
30 Sep 19₹11,119
30 Sep 20₹11,371
30 Sep 21₹17,778

Kotak Tax Saver Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹415,684.
Net Profit of ₹115,684
Invest Now

Returns for Kotak Tax Saver Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Sep 22

DurationReturns
1 Month -1.9%
3 Month 11.8%
6 Month 0.7%
1 Year 3.3%
3 Year 18.2%
5 Year 12.9%
10 Year
15 Year
Since launch 12.5%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2012 36.2%
Fund Manager information for Kotak Tax Saver Fund
NameSinceTenure
Harsha Upadhyaya25 Aug 157.02 Yr.

Data below for Kotak Tax Saver Fund as on 31 Aug 22

Equity Sector Allocation
SectorValue
Financial Services26.95%
Industrials18.38%
Basic Materials16.03%
Consumer Cyclical11.21%
Technology7.33%
Consumer Defensive6.27%
Energy4.49%
Health Care4.02%
Communication Services1.75%
Utility0.89%
Asset Allocation
Asset ClassValue
Cash2.68%
Equity97.32%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
8%₹240 Cr2,700,000
State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN
5%₹159 Cr3,000,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE
4%₹132 Cr500,000
Infosys Ltd (Technology)
Equity, Since 31 Dec 05 | INFY
4%₹119 Cr800,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 14 | LT
4%₹111 Cr575,000
ITC Ltd (Consumer Defensive)
Equity, Since 31 Oct 21 | ITC
3%₹99 Cr3,100,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | 532215
3%₹98 Cr1,300,000
SRF Ltd (Basic Materials)
Equity, Since 30 Apr 16 | SRF
3%₹92 Cr360,000
↓ -10,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK
3%₹82 Cr550,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 18 | TCS
2%₹71 Cr221,398

7. Sundaram Diversified Equity Fund

To achieve capital appreciation by investing predominantly in equities and equity-related instruments. A three-year lock-in period shall apply in line with the regulation for ELSS schemes.

Sundaram Diversified Equity Fund is a Equity - ELSS fund was launched on 22 Nov 99. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 16% since its launch.  Ranked 14 in ELSS category.  Return for 2021 was 31.5% , 2020 was 9.9% and 2019 was 6.2% .

Below is the key information for Sundaram Diversified Equity Fund

Sundaram Diversified Equity Fund
Growth
Launch Date 22 Nov 99
NAV (30 Sep 22) ₹150.051 ↑ 2.38   (1.61 %)
Net Assets (Cr) ₹1,856 on 31 Aug 22
Category Equity - ELSS
AMC Sundaram Asset Management Company Ltd
Rating
Risk Moderately High
Expense Ratio 2.14
Sharpe Ratio 0.25
Information Ratio -0.7
Alpha Ratio 0.35
Min Investment 500
Min SIP Investment 250
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Sep 17₹10,000
30 Sep 18₹9,725
30 Sep 19₹10,060
30 Sep 20₹9,476
30 Sep 21₹14,922

Sundaram Diversified Equity Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹376,357.
Net Profit of ₹76,357
Invest Now

Returns for Sundaram Diversified Equity Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Sep 22

DurationReturns
1 Month -2.8%
3 Month 11.4%
6 Month 2.3%
1 Year 2.2%
3 Year 14.9%
5 Year 8.8%
10 Year
15 Year
Since launch 16%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2012 34.5%
Fund Manager information for Sundaram Diversified Equity Fund
NameSinceTenure
Sudhir Kedia1 Jan 220.67 Yr.
Rohit Seksaria24 Feb 211.52 Yr.

Data below for Sundaram Diversified Equity Fund as on 31 Aug 22

Equity Sector Allocation
SectorValue
Financial Services40.91%
Industrials14.95%
Consumer Cyclical11.37%
Technology10.41%
Consumer Defensive5.58%
Energy4.86%
Health Care4.33%
Basic Materials4.23%
Communication Services2.16%
Real Estate0.94%
Asset Allocation
Asset ClassValue
Cash0.26%
Equity99.74%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 11 | ICICIBANK
10%₹181 Cr2,040,000
↓ -42,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | HDFCBANK
6%₹109 Cr736,000
State Bank of India (Financial Services)
Equity, Since 31 Aug 20 | SBIN
5%₹91 Cr1,715,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 12 | RELIANCE
5%₹90 Cr341,595
Infosys Ltd (Technology)
Equity, Since 30 Nov 16 | INFY
5%₹88 Cr592,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 May 18 | 532215
5%₹86 Cr1,145,000
↓ -25,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Jul 19 | HDFC
4%₹67 Cr272,000
Ashok Leyland Ltd (Industrials)
Equity, Since 31 Jan 22 | 500477
3%₹63 Cr4,089,762
Polycab India Ltd (Industrials)
Equity, Since 31 Jan 22 | 542652
3%₹57 Cr229,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 20 | TCS
3%₹53 Cr165,000

8. IDBI Equity Advantage Fund

The Scheme will seek to invest predominantly in a diversified portfolio of equity and equity related instruments with the objective to provide investors with opportunities for capital appreciation and income along with the benefit of income-tax deduction(under section 80C of the Income-tax Act, 1961) on their investments. Investments in this scheme would be subject to a statutory lock-in of 3 years from the date of allotment to be eligible for income-tax benefits under Section 80C. There can be no assurance that the investment objective under the scheme will be realized.

IDBI Equity Advantage Fund is a Equity - ELSS fund was launched on 10 Sep 13. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 15.9% since its launch.  Ranked 21 in ELSS category.  Return for 2021 was 25.6% , 2020 was 8.4% and 2019 was 5.7% .

Below is the key information for IDBI Equity Advantage Fund

IDBI Equity Advantage Fund
Growth
Launch Date 10 Sep 13
NAV (30 Sep 22) ₹38 ↑ 0.53   (1.41 %)
Net Assets (Cr) ₹505 on 31 Aug 22
Category Equity - ELSS
AMC IDBI Asset Management Limited
Rating
Risk Moderately High
Expense Ratio 2.39
Sharpe Ratio 0.19
Information Ratio -0.6
Alpha Ratio -0.66
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Sep 17₹10,000
30 Sep 18₹10,558
30 Sep 19₹11,128
30 Sep 20₹10,305
30 Sep 21₹15,546
30 Sep 22₹15,472

IDBI Equity Advantage Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹385,859.
Net Profit of ₹85,859
Invest Now

Returns for IDBI Equity Advantage Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Sep 22

DurationReturns
1 Month -3.5%
3 Month 12.1%
6 Month -0.5%
1 Year -0.5%
3 Year 11.6%
5 Year 9.1%
10 Year
15 Year
Since launch 15.9%
Historical performance (Yearly) on absolute basis
YearReturns
2021 25.6%
2020 8.4%
2019 5.7%
2018 -1.7%
2017 35.3%
2016 0%
2015 3.1%
2014 71.2%
2013
2012
Fund Manager information for IDBI Equity Advantage Fund
NameSinceTenure
Alok Ranjan16 Aug 211.04 Yr.

Data below for IDBI Equity Advantage Fund as on 31 Aug 22

Equity Sector Allocation
SectorValue
Financial Services34.24%
Industrials15.07%
Basic Materials14.84%
Technology12.66%
Consumer Cyclical11.2%
Energy4.72%
Consumer Defensive2.95%
Health Care2.08%
Communication Services1.77%
Asset Allocation
Asset ClassValue
Cash0.46%
Equity99.54%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 20 | ICICIBANK
9%₹47 Cr528,773
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 20 | HDFCBANK
7%₹37 Cr247,297
Infosys Ltd (Technology)
Equity, Since 31 Oct 20 | INFY
6%₹29 Cr192,810
State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN
5%₹24 Cr446,147
ABB India Ltd (Industrials)
Equity, Since 30 Apr 15 | 500002
5%₹23 Cr71,781
Reliance Industries Ltd (Energy)
Equity, Since 30 Sep 20 | RELIANCE
4%₹21 Cr77,980
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 30 Nov 13 | CHOLAFIN
4%₹18 Cr232,325
Page Industries Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 532827
3%₹17 Cr3,300
Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 21 | 532215
3%₹16 Cr213,065
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Sep 20 | HDFC
3%₹14 Cr56,815

9. BOI AXA Tax Advantage Fund

The Scheme seeks to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities across all market capitalisations. The Scheme is in the nature of diversified multi-cap fund. The Scheme is not providing any assured or guaranteed returns.(There can be no assurance that the investment objectives of the Scheme will be realized.)

BOI AXA Tax Advantage Fund is a Equity - ELSS fund was launched on 25 Feb 09. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 18.3% since its launch.  Ranked 13 in ELSS category.  Return for 2021 was 41.5% , 2020 was 31.2% and 2019 was 14.6% .

Below is the key information for BOI AXA Tax Advantage Fund

BOI AXA Tax Advantage Fund
Growth
Launch Date 25 Feb 09
NAV (30 Sep 22) ₹97.9 ↑ 1.73   (1.80 %)
Net Assets (Cr) ₹645 on 31 Aug 22
Category Equity - ELSS
AMC BOI AXA Investment Mngrs Private Ltd
Rating
Risk Moderately High
Expense Ratio 2.56
Sharpe Ratio -0.21
Information Ratio 0.68
Alpha Ratio -7.28
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Sep 17₹10,000
30 Sep 18₹9,611
30 Sep 19₹10,457
30 Sep 20₹12,154
30 Sep 21₹20,152

BOI AXA Tax Advantage Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹436,710.
Net Profit of ₹136,710
Invest Now

Returns for BOI AXA Tax Advantage Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Sep 22

DurationReturns
1 Month -0.8%
3 Month 13.9%
6 Month 0.5%
1 Year -2.6%
3 Year 23.4%
5 Year 14.4%
10 Year
15 Year
Since launch 18.3%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2012 24.8%
Fund Manager information for BOI AXA Tax Advantage Fund
NameSinceTenure
Alok Singh27 Apr 220.35 Yr.

Data below for BOI AXA Tax Advantage Fund as on 31 Aug 22

Equity Sector Allocation
SectorValue
Financial Services32.19%
Consumer Cyclical19.21%
Basic Materials10.48%
Consumer Defensive8.2%
Industrials7.53%
Health Care5.97%
Energy3.72%
Technology3.69%
Utility3.2%
Real Estate2.23%
Communication Services0.72%
Asset Allocation
Asset ClassValue
Cash2.86%
Equity97.14%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK
7%₹47 Cr529,340
State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN
6%₹36 Cr671,000
↑ 51,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK
5%₹32 Cr214,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE
4%₹24 Cr91,009
↓ -6,000
NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | 532555
3%₹21 Cr1,260,000
↑ 282,141
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 May 22 | M&M
3%₹19 Cr142,000
↑ 17,000
Varun Beverages Ltd (Consumer Defensive)
Equity, Since 28 Feb 22 | VBL
3%₹17 Cr168,692
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | KOTAKBANK
3%₹17 Cr87,607
Schaeffler India Ltd (Consumer Cyclical)
Equity, Since 31 Jan 22 | SCHAEFFLER
3%₹17 Cr55,000
↑ 4,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 22 | 532215
2%₹15 Cr204,000
↑ 41,972

10. BNP Paribas Long Term Equity Fund (ELSS)

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 CAGR/Annualized return of 11% since its launch.  Ranked 22 in ELSS category.  Return for 2021 was 23.6% , 2020 was 17.8% and 2019 was 14.3% .

Below is the key information for BNP Paribas Long Term Equity Fund (ELSS)

BNP Paribas Long Term Equity Fund (ELSS)
Growth
Launch Date 5 Jan 06
NAV (30 Sep 22) ₹57.0115 ↑ 0.94   (1.67 %)
Net Assets (Cr) ₹701 on 31 Aug 22
Category Equity - ELSS
AMC BNP Paribas Asset Mgmt India Pvt. Ltd
Rating
Risk Moderately High
Expense Ratio 2.41
Sharpe Ratio -0.22
Information Ratio 0
Alpha Ratio 0
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Sep 17₹10,000
30 Sep 18₹9,642
30 Sep 19₹10,985
30 Sep 20₹11,110
30 Sep 21₹16,577

BNP Paribas Long Term Equity Fund (ELSS) SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹385,859.
Net Profit of ₹85,859
Invest Now

Returns for BNP Paribas Long Term Equity Fund (ELSS)

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Sep 22

DurationReturns
1 Month -2.8%
3 Month 9.5%
6 Month -3%
1 Year -4.9%
3 Year 12.8%
5 Year 9.5%
10 Year
15 Year
Since launch 11%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2012 34.3%
Fund Manager information for BNP Paribas Long Term Equity Fund (ELSS)
NameSinceTenure
Sanjay Chawla14 Mar 220.47 Yr.
Pratish Krishnan14 Mar 220.47 Yr.

Data below for BNP Paribas Long Term Equity Fund (ELSS) as on 31 Aug 22

Equity Sector Allocation
SectorValue
Financial Services34.35%
Industrials11.38%
Technology11.06%
Consumer Cyclical10.98%
Energy6.67%
Consumer Defensive6.15%
Health Care5.35%
Communication Services4.07%
Basic Materials3.56%
Real Estate2.16%
Utility0.65%
Asset Allocation
Asset ClassValue
Cash3.63%
Equity96.37%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 12 | ICICIBANK
9%₹61 Cr684,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFCBANK
9%₹60 Cr405,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 18 | RELIANCE
7%₹47 Cr177,000
↓ -15,000
Infosys Ltd (Technology)
Equity, Since 31 Mar 09 | INFY
6%₹42 Cr284,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Jul 18 | HDFC
3%₹20 Cr80,000
State Bank of India (Financial Services)
Equity, Since 31 Mar 22 | SBIN
3%₹19 Cr350,000
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Apr 20 | 500696
3%₹18 Cr68,600
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 20 | LT
3%₹18 Cr91,500
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Jul 21 | SUNPHARMA
2%₹17 Cr190,000
Brigade Enterprises Ltd (Real Estate)
Equity, Since 28 Feb 21 | 532929
2%₹15 Cr295,000

11. Invesco India Tax Plan

The investment objective of the Scheme is to generate long term capital growth from a diversified portfolio of predominantly equity and equity-related securities.

Invesco India Tax Plan is a Equity - ELSS fund was launched on 29 Dec 06. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 13.8% since its launch.  Ranked 17 in ELSS category.  Return for 2021 was 32.6% , 2020 was 19.2% and 2019 was 9.4% .

Below is the key information for Invesco India Tax Plan

Invesco India Tax Plan
Growth
Launch Date 29 Dec 06
NAV (30 Sep 22) ₹76.52 ↑ 1.29   (1.71 %)
Net Assets (Cr) ₹1,903 on 31 Aug 22
Category Equity - ELSS
AMC Invesco Asset Management (India) Private Ltd
Rating
Risk Moderately High
Expense Ratio 2.11
Sharpe Ratio -0.23
Information Ratio -0.74
Alpha Ratio -7.72
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Sep 17₹10,000
30 Sep 18₹11,010
30 Sep 19₹11,409
30 Sep 20₹11,879
30 Sep 21₹18,573

Invesco India Tax Plan SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹405,518.
Net Profit of ₹105,518
Invest Now

Returns for Invesco India Tax Plan

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Sep 22

DurationReturns
1 Month -3.2%
3 Month 9.8%
6 Month -5.1%
1 Year -7.7%
3 Year 14.5%
5 Year 11.4%
10 Year
15 Year
Since launch 13.8%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2012 30.3%
Fund Manager information for Invesco India Tax Plan
NameSinceTenure
Amit Nigam3 Sep 201.99 Yr.
Dhimant Kothari29 Mar 184.43 Yr.

Data below for Invesco India Tax Plan as on 31 Aug 22

Equity Sector Allocation
SectorValue
Financial Services33.72%
Consumer Cyclical14.59%
Industrials11.71%
Technology10.71%
Basic Materials6.45%
Energy6.44%
Consumer Defensive4.97%
Health Care4.02%
Communication Services3.36%
Utility2.02%
Asset Allocation
Asset ClassValue
Cash2.02%
Equity97.98%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 22 | HDFC
9%₹175 Cr716,980
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK
8%₹159 Cr1,790,424
Infosys Ltd (Technology)
Equity, Since 31 Dec 19 | INFY
7%₹137 Cr915,648
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE
6%₹123 Cr464,434
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 19 | KOTAKBANK
4%₹71 Cr372,253
Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | 532215
4%₹69 Cr917,340
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 21 | BHARTIARTL
3%₹64 Cr879,708
Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 30 Apr 22 | 540376
3%₹56 Cr123,883
Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Jul 21 | 500034
3%₹50 Cr68,359
↓ -6,541
KEI Industries Ltd (Industrials)
Equity, Since 30 Apr 21 | 517569
3%₹50 Cr337,835
↓ -64,853


ELSS SIP Calculator

Know Your SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹720,000
expected amount after 5 Years is ₹1,074,189.
Net Profit of ₹354,189
Invest Now

Investment Modes in ELSS

SIP (Systematic Investment Plan) in ELSS

One can choose SIP as an investment mode for invest in Tax Saving Mutual Funds (ELSS) as certain amount is invested every month.

As shown in sample below-

Month Amount Mode
April 12,500 SIP May 12,500 SIP
June 12,500 SIP July 12,500 SIP
August 12,500 SIP September 12,500 SIP
October 12,500 SIP November 12,500 SIP
December 12,500 SIP January 12,500 SIP
Feburary 12,500 SIP March 12,500 SIP
Total 1,50,000

While investing through SIP method SIP benefits of Rupee Cost averaging are reaped as it scatter purchases every month and invest is made at an average price rather than at particular price which might be the case with Lumpsum Investments.

Lumpsum Investment in ELSS

As one might be saving in other tax saving intruments like ULIP, NSC, PF/EPF, insurance (under Sector 80c) one can decide whatever amount is needed to save tax after deducting other instruments and invest as Lumpsum purchases over the year or one time near end of Financial Year (Jan - Mar).

Tips to Invest in Best Tax Saving ELSS Funds

  • Invest in best ELSS Funds via a SIP (Systematic Investment Plan) in the beginning of the financial year (i.e. in April) and not when the financial year is ending.

  • Choose an ELSS Mutual Fund carefully among the list of best ELSS Funds, and invest in the same for a year instead of jumping to other tax saving ELSS funds every year.

  • Good ELSS returns can be achieved when invested for 5-7 years, so it is suggested not to pull out money once your lock-in ends after 3 years. Try holding it for a longer duration to earn better returns.

  • If you are a risk-averse investor and want a less-volatile fund, consider investing in a large-cap Mutual Fund.

How to Invest in ELSS Funds Online?

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

  2. Complete your Registration and KYC Process

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

    Get Started

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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Kruti, posted on 23 Nov 18 9:57 PM

Nice article. Highly recommended for guys who are looking to save tax under section 80c.

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