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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 19 - 20
- 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
- Tata India Tax Savings Fund
- IDFC Tax Advantage (ELSS) Fund
- DSP BlackRock Tax Saver Fund
- Principal Tax Savings Fund
- L&T Tax Advantage Fund
- Kotak Tax Saver Scheme
- Invesco India Tax Plan
- HDFC Long Term Advantage Fund
- IDBI Equity Advantage Fund
- BNP Paribas Long Term Equity Fund (ELSS)
- Sundaram Diversified Equity Fund
11 Best Tax Saving ELSS Mutual Funds 2019
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 19 - 20
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2018 (%) Tata India Tax Savings Fund Growth ₹17.9189
↓ -0.05 ₹1,598 6.4 5.9 6.7 15.7 -8.4 IDFC Tax Advantage (ELSS) Fund Growth ₹55.59
↓ -0.29 ₹1,741 3.5 -0.8 -0.6 15.7 17.2 -9.4 DSP BlackRock Tax Saver Fund Growth ₹47.399
↓ -0.15 ₹4,740 6.5 4.1 7.1 15.2 18 -7.6 Principal Tax Savings Fund Growth ₹205.65
↓ -0.89 ₹371 2.3 -1.6 0.8 16.3 16.9 -9.2 L&T Tax Advantage Fund Growth ₹52.739
↓ -0.28 ₹3,074 0 -3.9 -2.2 13.9 15.5 -8.1 Kotak Tax Saver Scheme Growth ₹43.109
↓ -0.14 ₹791 4.7 3.2 8.7 14.5 17.2 -3.8 Invesco India Tax Plan Growth ₹50.39
↓ -0.38 ₹712 3.9 0 7.3 14.6 17.8 -1.3 HDFC Long Term Advantage Fund Growth ₹357.836
↓ -2.19 ₹1,425 6.3 3.9 8.8 16.7 15.8 -3.9 IDBI Equity Advantage Fund Growth ₹25.62
↓ -0.02 ₹587 -3.4 -5.4 0.9 10.3 17 -1.7 BNP Paribas Long Term Equity Fund (ELSS) Growth ₹37.126
↓ -0.03 ₹442 4 4.3 4.4 10.1 15 -9.3 Sundaram Diversified Equity Fund Growth ₹99.7414
↓ -0.51 ₹2,547 4.5 0.3 1.4 13.1 15.1 -10.6 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Mar 19
*Above is list of top ELSS (Equity Linked Saving Scheme) having AUM/Net Assets above than 500 Crore and having fund age >= 3 years.
To provide medium to long term capital gains along with income tax relief to its Unitholders, while at all times emphasising the importance of capital appreciation.. Tata India Tax Savings Fund is a Equity - ELSS fund was launched on 13 Oct 14. It is a fund with Moderately High risk and has given a Below is the key information for Tata India Tax Savings Fund Returns up to 1 year are on 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 The primary investment objective of the Scheme is to seek to generate medium to long-term capital appreciation from a diversified portfolio that is substantially constituted of equity and equity related securities of corporates, and to enable investors to avail of a deduction from total income, as permitted under the Income Tax Act, 1961 from time to time. DSP BlackRock Tax Saver Fund is a Equity - ELSS fund was launched on 18 Jan 07. It is a fund with Moderately High risk and has given a Below is the key information for DSP BlackRock Tax Saver 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 investment objective of the scheme is to generate longterm capital appreciation from a diversified portfolio of equity and equity related securities and enable investors to avail the income tax rebate, as permitted from time to time. Kotak Tax Saver Scheme is a Equity - ELSS fund was launched on 23 Nov 05. It is a fund with Moderately High risk and has given a Below is the key information for Kotak Tax Saver Scheme 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 generate long term capital appreciation from a portfolio that is predominantly in equity and equity related instruments HDFC Long Term Advantage Fund is a Equity - ELSS fund was launched on 2 Jan 01. It is a fund with Moderately High risk and has given a Below is the key information for HDFC Long Term Advantage Fund Returns up to 1 year are on The Scheme 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 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 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 1. Tata India Tax Savings Fund
CAGR/Annualized return of 14% since its launch. Ranked 1 in ELSS category. Return for 2018 was -8.4% , 2017 was 46% and 2016 was 2.1% . Tata India Tax Savings Fund
Growth Launch Date 13 Oct 14 NAV (22 Mar 19) ₹17.9189 ↓ -0.05 (-0.30 %) Net Assets (Cr) ₹1,598 on 28 Feb 19 Category Equity - ELSS AMC Tata Asset Management Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.61 Sharpe Ratio -0.38 Information Ratio -0.08 Alpha Ratio -10.52 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 28 Feb 15 ₹11,512 29 Feb 16 ₹10,087 28 Feb 17 ₹13,589 28 Feb 18 ₹16,880 28 Feb 19 ₹16,099 Returns for Tata India Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Mar 19 Duration Returns 1 Month 7.2% 3 Month 6.4% 6 Month 5.9% 1 Year 6.7% 3 Year 15.7% 5 Year 10 Year 15 Year Since launch 14% Historical performance (Yearly) on absolute basis
Year Returns 2018 -8.4% 2017 46% 2016 2.1% 2015 13.3% 2014 2013 2012 2011 2010 2009 Fund Manager information for Tata India Tax Savings Fund
Name Since Tenure Rupesh Patel 1 Apr 15 3.84 Yr. Ennette Fernandes 18 Jun 18 0.62 Yr. Data below for Tata India Tax Savings Fund as on 28 Feb 19
Equity Sector Allocation
Sector Value Financial Services 40.47% Consumer Cyclical 13.63% Consumer Defensive 10.96% Technology 10.82% Industrials 9.37% Health Care 4.93% Energy 3.85% Basic Materials 3.16% Real Estate 0.62% Asset Allocation
Asset Class Value Cash 2.24% Equity 97.81% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK9% ₹141 Cr 4,015,000 Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY8% ₹123 Cr 1,680,000
↑ 660,000 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK7% ₹116 Cr 560,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322157% ₹106 Cr 1,500,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN5% ₹83 Cr 3,100,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE4% ₹62 Cr 500,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 15 | KOTAKBANK4% ₹60 Cr 495,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC4% ₹57 Cr 310,000 ITC Ltd (Consumer Defensive)
Equity, Since 30 Sep 16 | ITC3% ₹52 Cr 1,900,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 18 | TCS3% ₹50 Cr 250,000 2. IDFC Tax Advantage (ELSS) Fund
CAGR/Annualized return of 18.2% since its launch. Ranked 3 in ELSS category. Return for 2018 was -9.4% , 2017 was 53.4% and 2016 was 0.4% . IDFC Tax Advantage (ELSS) Fund
Growth Launch Date 26 Dec 08 NAV (22 Mar 19) ₹55.59 ↓ -0.29 (-0.52 %) Net Assets (Cr) ₹1,741 on 28 Feb 19 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.74 Sharpe Ratio -0.96 Information Ratio -0.07 Alpha Ratio -12.71 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 28 Feb 14 ₹10,000 28 Feb 15 ₹15,810 29 Feb 16 ₹13,056 28 Feb 17 ₹17,607 28 Feb 18 ₹23,485 28 Feb 19 ₹20,833 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Mar 19 Duration Returns 1 Month 8.7% 3 Month 3.5% 6 Month -0.8% 1 Year -0.6% 3 Year 15.7% 5 Year 17.2% 10 Year 15 Year Since launch 18.2% Historical performance (Yearly) on absolute basis
Year Returns 2018 -9.4% 2017 53.4% 2016 0.4% 2015 6.9% 2014 42.2% 2013 15% 2012 36.2% 2011 -23.3% 2010 24% 2009 70.8% Fund Manager information for IDFC Tax Advantage (ELSS) Fund
Name Since Tenure Daylynn Pinto 20 Oct 16 2.28 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 28 Feb 19
Equity Sector Allocation
Sector Value Financial Services 27.22% Consumer Cyclical 15.53% Basic Materials 11.17% Technology 9.68% Industrials 8.39% Health Care 6.3% Energy 5.83% Utility 5.15% Consumer Defensive 4.63% Asset Allocation
Asset Class Value Cash 5.09% Equity 94.9% Other 0.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK6% ₹105 Cr 3,000,000
↑ 100,000 Triparty Repo
CBLO/Reverse Repo | -5% ₹92 Cr HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK4% ₹73 Cr 350,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY4% ₹70 Cr 950,000
↓ -25,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE4% ₹68 Cr 550,000 State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN4% ₹65 Cr 2,400,000
↑ 100,000 Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 18 | 5322154% ₹64 Cr 900,000
↑ 50,000 RBL Bank Ltd (Financial Services)
Equity, Since 31 Aug 16 | RBLBANK3% ₹46 Cr 800,000 Future Retail Ltd (Consumer Cyclical)
Equity, Since 31 Aug 16 | FRETAIL3% ₹44 Cr 1,041,754
↑ 21,754 Nestle India Ltd (Consumer Defensive)
Equity, Since 28 Feb 18 | NESTLEIND2% ₹32 Cr 30,000 3. DSP BlackRock Tax Saver Fund
CAGR/Annualized return of 13.6% since its launch. Ranked 12 in ELSS category. Return for 2018 was -7.6% , 2017 was 36.3% and 2016 was 11.3% . DSP BlackRock Tax Saver Fund
Growth Launch Date 18 Jan 07 NAV (22 Mar 19) ₹47.399 ↓ -0.15 (-0.30 %) Net Assets (Cr) ₹4,740 on 28 Feb 19 Category Equity - ELSS AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.47 Sharpe Ratio -0.41 Information Ratio -0.05 Alpha Ratio -2.17 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 28 Feb 14 ₹10,000 28 Feb 15 ₹16,130 29 Feb 16 ₹13,830 28 Feb 17 ₹19,583 28 Feb 18 ₹22,984 28 Feb 19 ₹21,978 Returns for DSP BlackRock Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Mar 19 Duration Returns 1 Month 8.1% 3 Month 6.5% 6 Month 4.1% 1 Year 7.1% 3 Year 15.2% 5 Year 18% 10 Year 15 Year Since launch 13.6% Historical performance (Yearly) on absolute basis
Year Returns 2018 -7.6% 2017 36.3% 2016 11.3% 2015 4.4% 2014 52.2% 2013 6.7% 2012 39.8% 2011 -26.7% 2010 23.3% 2009 84.2% Fund Manager information for DSP BlackRock Tax Saver Fund
Name Since Tenure Rohit Singhania 16 Jul 15 3.55 Yr. Data below for DSP BlackRock Tax Saver Fund as on 28 Feb 19
Equity Sector Allocation
Sector Value Financial Services 37.14% Basic Materials 13.54% Technology 12.01% Health Care 8.35% Industrials 7.68% Consumer Defensive 6% Energy 4.76% Consumer Cyclical 4.57% Utility 3.75% Real Estate 0.71% Asset Allocation
Asset Class Value Cash 1.47% Equity 98.53% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK9% ₹422 Cr 12,051,260
↑ 1,120,839 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK8% ₹382 Cr 1,838,413 Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 5322154% ₹206 Cr 2,898,029
↑ 416,484 Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY4% ₹184 Cr 2,502,741
↑ 31,689 Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 16 | LT3% ₹159 Cr 1,225,918
↑ 94,893 State Bank of India (Financial Services)
Equity, Since 30 Jun 08 | SBIN3% ₹135 Cr 5,010,825
↓ -152,479 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 28 Feb 17 | KOTAKBANK3% ₹133 Cr 1,094,394
↑ 208,441 Asian Paints Ltd (Basic Materials)
Equity, Since 31 Jul 16 | 5008203% ₹123 Cr 878,387
↑ 116,770 HCL Technologies Ltd (Technology)
Equity, Since 31 Mar 16 | HCLTECH2% ₹117 Cr 1,112,891
↑ 221,675 Aurobindo Pharma Ltd (Healthcare)
Equity, Since 30 Sep 18 | AUROPHARMA2% ₹110 Cr 1,547,126
↑ 63,715 4. Principal Tax Savings Fund
CAGR/Annualized return of 16.1% since its launch. Ranked 8 in ELSS category. Return for 2018 was -9.2% , 2017 was 48.8% and 2016 was 6.2% . Principal Tax Savings Fund
Growth Launch Date 31 Mar 96 NAV (22 Mar 19) ₹205.65 ↓ -0.89 (-0.43 %) Net Assets (Cr) ₹371 on 28 Feb 19 Category Equity - ELSS AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.88 Sharpe Ratio -0.72 Information Ratio 0.28 Alpha Ratio -7.76 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 28 Feb 14 ₹10,000 28 Feb 15 ₹15,852 29 Feb 16 ₹12,866 28 Feb 17 ₹18,394 28 Feb 18 ₹23,614 28 Feb 19 ₹21,284 Returns for Principal Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Mar 19 Duration Returns 1 Month 6.7% 3 Month 2.3% 6 Month -1.6% 1 Year 0.8% 3 Year 16.3% 5 Year 16.9% 10 Year 15 Year Since launch 16.1% Historical performance (Yearly) on absolute basis
Year Returns 2018 -9.2% 2017 48.8% 2016 6.2% 2015 2.7% 2014 49.4% 2013 8.5% 2012 46.5% 2011 -30.4% 2010 15% 2009 64.7% Fund Manager information for Principal Tax Savings Fund
Name Since Tenure P.V.K. Mohan 1 Sep 10 8.42 Yr. Data below for Principal Tax Savings Fund as on 28 Feb 19
Equity Sector Allocation
Sector Value Financial Services 27.86% Consumer Defensive 14.03% Technology 11.16% Basic Materials 10.87% Consumer Cyclical 9.06% Industrials 8.09% Utility 5.33% Health Care 4.6% Energy 4.46% Communication Services 1.39% Asset Allocation
Asset Class Value Cash 3.15% Equity 96.85% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK5% ₹19 Cr 91,334 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK5% ₹18 Cr 509,143 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 08 | RELIANCE4% ₹17 Cr 134,452 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 14 | TCS4% ₹14 Cr 68,640 ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC3% ₹13 Cr 455,396 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jan 16 | KOTAKBANK3% ₹11 Cr 89,915 Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY3% ₹11 Cr 145,594
↓ -16,000 Treps 01-Mar-2019
CBLO/Reverse Repo | -3% ₹10 Cr Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 13 | LT3% ₹10 Cr 77,262 State Bank of India (Financial Services)
Equity, Since 30 Apr 05 | SBIN3% ₹10 Cr 369,851 5. L&T Tax Advantage Fund
CAGR/Annualized return of 13.6% since its launch. Ranked 7 in ELSS category. Return for 2018 was -8.1% , 2017 was 42.3% and 2016 was 8.1% . L&T Tax Advantage Fund
Growth Launch Date 27 Feb 06 NAV (22 Mar 19) ₹52.739 ↓ -0.28 (-0.52 %) Net Assets (Cr) ₹3,074 on 28 Feb 19 Category Equity - ELSS AMC L&T Investment Management Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.61 Sharpe Ratio -1.02 Information Ratio -0.35 Alpha Ratio -12.9 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 28 Feb 14 ₹10,000 28 Feb 15 ₹15,441 29 Feb 16 ₹13,112 28 Feb 17 ₹18,155 28 Feb 18 ₹22,828 28 Feb 19 ₹20,252 Returns for L&T Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Mar 19 Duration Returns 1 Month 6.5% 3 Month 0% 6 Month -3.9% 1 Year -2.2% 3 Year 13.9% 5 Year 15.5% 10 Year 15 Year Since launch 13.6% Historical performance (Yearly) on absolute basis
Year Returns 2018 -8.1% 2017 42.3% 2016 8.1% 2015 2.9% 2014 44.8% 2013 6.8% 2012 27.4% 2011 -21.8% 2010 29.2% 2009 86.7% Fund Manager information for L&T Tax Advantage Fund
Name Since Tenure S.N. Lahiri 24 Nov 12 6.19 Yr. Data below for L&T Tax Advantage Fund as on 28 Feb 19
Equity Sector Allocation
Sector Value Financial Services 29.24% Technology 13.84% Industrials 11.8% Basic Materials 11.58% Consumer Cyclical 10.34% Health Care 7.26% Energy 4.71% Consumer Defensive 2.66% Communication Services 1.72% Utility 1.06% Asset Allocation
Asset Class Value Cash 5.65% Equity 94.73% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK6% ₹186 Cr 897,300
↑ 119,600 (A) Tri Party Repo Dealing System (Treps)
CBLO/Reverse Repo | -6% ₹174 Cr ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK5% ₹163 Cr 4,658,200 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 09 | TCS4% ₹122 Cr 615,500 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCE4% ₹121 Cr 980,200
↑ 241,200 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 May 17 | HDFC4% ₹119 Cr 649,000 Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY3% ₹104 Cr 1,416,000
↑ 61,000 Future Retail Ltd (Consumer Cyclical)
Equity, Since 31 Aug 16 | FRETAIL3% ₹101 Cr 2,386,000
↑ 500,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 06 | LT3% ₹97 Cr 753,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 May 17 | 5322153% ₹92 Cr 1,293,000
↑ 65,000 6. Kotak Tax Saver Scheme
CAGR/Annualized return of 11.6% since its launch. Ranked 19 in ELSS category. Return for 2018 was -3.8% , 2017 was 33.8% and 2016 was 7.5% . Kotak Tax Saver Scheme
Growth Launch Date 23 Nov 05 NAV (22 Mar 19) ₹43.109 ↓ -0.14 (-0.32 %) Net Assets (Cr) ₹791 on 28 Feb 19 Category Equity - ELSS AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.73 Sharpe Ratio -0.18 Information Ratio -0.14 Alpha Ratio 1.36 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 28 Feb 14 ₹10,000 28 Feb 15 ₹16,979 29 Feb 16 ₹13,822 28 Feb 17 ₹19,205 28 Feb 18 ₹21,840 28 Feb 19 ₹21,814 Returns for Kotak Tax Saver Scheme
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Mar 19 Duration Returns 1 Month 6.2% 3 Month 4.7% 6 Month 3.2% 1 Year 8.7% 3 Year 14.5% 5 Year 17.2% 10 Year 15 Year Since launch 11.6% Historical performance (Yearly) on absolute basis
Year Returns 2018 -3.8% 2017 33.8% 2016 7.5% 2015 1.5% 2014 56.6% 2013 -6.3% 2012 36.2% 2011 -26% 2010 19.9% 2009 75% Fund Manager information for Kotak Tax Saver Scheme
Name Since Tenure Harsha Upadhyaya 25 Aug 15 3.44 Yr. Data below for Kotak Tax Saver Scheme as on 28 Feb 19
Equity Sector Allocation
Sector Value Financial Services 27.52% Industrials 16.11% Basic Materials 13.08% Technology 11.49% Energy 7.96% Consumer Defensive 7.85% Consumer Cyclical 6.13% Health Care 4.28% Utility 4.19% Asset Allocation
Asset Class Value Cash 1.2% Equity 98.74% Debt 0% Other 0.06% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE7% ₹57 Cr 464,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK6% ₹50 Cr 240,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | 5322156% ₹50 Cr 700,000
↑ 100,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK6% ₹46 Cr 1,325,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 18 | TCS4% ₹34 Cr 170,000 Infosys Ltd (Technology)
Equity, Since 31 Dec 05 | INFY4% ₹33 Cr 450,000 GlaxoSmithKline Consumer Healthcare Ltd (Consumer Defensive)
Equity, Since 30 Nov 17 | 5006764% ₹32 Cr 45,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 14 | LT4% ₹32 Cr 245,000 AU Small Finance Bank Ltd (Financial Services)
Equity, Since 30 Jun 17 | 5406113% ₹23 Cr 395,000 Bharat Financial Inclusion Ltd (Financial Services)
Equity, Since 30 Jun 18 | BHARATFIN3% ₹20 Cr 219,090 7. Invesco India Tax Plan
CAGR/Annualized return of 14.1% since its launch. Ranked 17 in ELSS category. Return for 2018 was -1.3% , 2017 was 35.7% and 2016 was 3.4% . Invesco India Tax Plan
Growth Launch Date 29 Dec 06 NAV (22 Mar 19) ₹50.39 ↓ -0.38 (-0.75 %) Net Assets (Cr) ₹712 on 28 Feb 19 Category Equity - ELSS AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.71 Sharpe Ratio -0.27 Information Ratio -0.4 Alpha Ratio -2.55 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 28 Feb 14 ₹10,000 28 Feb 15 ₹16,856 29 Feb 16 ₹14,065 28 Feb 17 ₹18,377 28 Feb 18 ₹22,540 28 Feb 19 ₹22,112 Returns for Invesco India Tax Plan
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Mar 19 Duration Returns 1 Month 6.3% 3 Month 3.9% 6 Month 0% 1 Year 7.3% 3 Year 14.6% 5 Year 17.8% 10 Year 15 Year Since launch 14.1% Historical performance (Yearly) on absolute basis
Year Returns 2018 -1.3% 2017 35.7% 2016 3.4% 2015 5.8% 2014 54.3% 2013 10.1% 2012 30.3% 2011 -18.9% 2010 22.1% 2009 83.5% Fund Manager information for Invesco India Tax Plan
Name Since Tenure Amit Ganatra 29 Mar 18 0.85 Yr. Dhimant Kothari 29 Mar 18 0.85 Yr. Data below for Invesco India Tax Plan as on 28 Feb 19
Equity Sector Allocation
Sector Value Financial Services 32.26% Consumer Cyclical 14.86% Industrials 11.61% Technology 11.28% Energy 9.1% Consumer Defensive 5.72% Health Care 4.55% Basic Materials 3.32% Utility 2.89% Asset Allocation
Asset Class Value Cash 4.41% Equity 95.59% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK8% ₹60 Cr 290,808 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE7% ₹52 Cr 423,645
↑ 25,779 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 18 | HDFC6% ₹44 Cr 236,674 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK6% ₹43 Cr 1,218,376
↑ 51,301 Infosys Ltd (Technology)
Equity, Since 30 Jun 15 | INFY6% ₹40 Cr 541,233 Triparty Repo
CBLO/Reverse Repo | -4% ₹31 Cr IndusInd Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | INDUSINDBK4% ₹28 Cr 192,275 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 17 | LT4% ₹28 Cr 214,136 Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | 5322153% ₹24 Cr 342,578 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 09 | MARUTI3% ₹21 Cr 30,373 8. HDFC Long Term Advantage Fund
CAGR/Annualized return of 21.7% since its launch. Ranked 23 in ELSS category. Return for 2018 was -3.9% , 2017 was 36.2% and 2016 was 13% . HDFC Long Term Advantage Fund
Growth Launch Date 2 Jan 01 NAV (22 Mar 19) ₹357.836 ↓ -2.19 (-0.61 %) Net Assets (Cr) ₹1,425 on 28 Feb 19 Category Equity - ELSS AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.49 Sharpe Ratio -0.32 Information Ratio 0.21 Alpha Ratio -7.8 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 28 Feb 14 ₹10,000 28 Feb 15 ₹14,693 29 Feb 16 ₹12,140 28 Feb 17 ₹17,075 28 Feb 18 ₹20,668 28 Feb 19 ₹20,265
Purchase not allowed Returns for HDFC Long Term Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Mar 19 Duration Returns 1 Month 6.9% 3 Month 6.3% 6 Month 3.9% 1 Year 8.8% 3 Year 16.7% 5 Year 15.8% 10 Year 15 Year Since launch 21.7% Historical performance (Yearly) on absolute basis
Year Returns 2018 -3.9% 2017 36.2% 2016 13% 2015 -2.4% 2014 44.7% 2013 11% 2012 28.8% 2011 -23.5% 2010 28.4% 2009 88.9% Fund Manager information for HDFC Long Term Advantage Fund
Name Since Tenure Chirag Setalvad 2 Apr 07 11.84 Yr. Amar Kalkundrikar 10 Jan 19 0.06 Yr. Data below for HDFC Long Term Advantage Fund as on 28 Feb 19
Equity Sector Allocation
Sector Value Financial Services 29.52% Industrials 17.52% Energy 12.39% Technology 10.06% Basic Materials 9.92% Consumer Defensive 4.61% Health Care 4.36% Consumer Cyclical 3.83% Utility 1.95% Communication Services 0.9% Asset Allocation
Asset Class Value Cash 4.93% Equity 95.07% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 05 | RELIANCE9% ₹133 Cr 1,080,000
↓ -70,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 13 | HDFCBANK9% ₹126 Cr 605,000
↓ -40,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK8% ₹116 Cr 3,300,000 Infosys Ltd (Technology)
Equity, Since 30 Nov 06 | INFY7% ₹107 Cr 1,453,908 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Oct 07 | LT6% ₹79 Cr 607,500 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFC5% ₹74 Cr 400,000 Collateralised Borrowing & Lending Obligation
CBLO | -5% ₹72 Cr State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN5% ₹70 Cr 2,600,000 ITC Ltd (Consumer Defensive)
Equity, Since 31 Oct 05 | ITC4% ₹64 Cr 2,322,910 Vesuvius India Ltd (Industrials)
Equity, Since 31 Jan 11 | 5201133% ₹47 Cr 400,000 9. IDBI Equity Advantage Fund
CAGR/Annualized return of since its launch. Ranked 21 in ELSS category. Return for 2018 was -1.7% , 2017 was 35.3% and 2016 was 0% . IDBI Equity Advantage Fund
Growth Launch Date 10 Sep 13 NAV (22 Mar 19) ₹25.62 ↓ -0.02 (-0.08 %) Net Assets (Cr) ₹587 on 28 Feb 19 Category Equity - ELSS AMC IDBI Asset Management Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.86 Sharpe Ratio -0.51 Information Ratio -0.74 Alpha Ratio -7.14 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 28 Feb 14 ₹10,000 28 Feb 15 ₹18,538 29 Feb 16 ₹16,063 28 Feb 17 ₹19,309 28 Feb 18 ₹23,883 28 Feb 19 ₹22,305 Returns for IDBI Equity Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Mar 19 Duration Returns 1 Month 4.3% 3 Month -3.4% 6 Month -5.4% 1 Year 0.9% 3 Year 10.3% 5 Year 17% 10 Year 15 Year Since launch Historical performance (Yearly) on absolute basis
Year Returns 2018 -1.7% 2017 35.3% 2016 0% 2015 3.1% 2014 71.2% 2013 2012 2011 2010 2009 Fund Manager information for IDBI Equity Advantage Fund
Name Since Tenure Uma Venkatraman 1 Jul 18 0.59 Yr. Ayushi Sethia 9 Oct 18 0.31 Yr. Data below for IDBI Equity Advantage Fund as on 28 Feb 19
Equity Sector Allocation
Sector Value Consumer Cyclical 31.67% Financial Services 21.63% Consumer Defensive 20.23% Basic Materials 12.03% Industrials 10.93% Health Care 2.04% Asset Allocation
Asset Class Value Cash 1.47% Equity 98.53% Debt 0.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 30 Nov 13 | CHOLAFIN6% ₹38 Cr 308,490 Page Industries Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 5328276% ₹36 Cr 15,969 Pidilite Industries Ltd (Basic Materials)
Equity, Since 30 Sep 13 | PIDILITIND6% ₹33 Cr 287,946 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 31 Jan 14 | 5323435% ₹31 Cr 686,342 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 13 | KOTAKBANK5% ₹30 Cr 246,474 VST Industries Ltd (Consumer Defensive)
Equity, Since 30 Sep 13 | 5099665% ₹28 Cr 88,342 MRF Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 5002905% ₹28 Cr 4,950 Asian Paints Ltd (Basic Materials)
Equity, Since 30 Sep 13 | 5008205% ₹27 Cr 194,293 Eicher Motors Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | EICHERMOT4% ₹26 Cr 13,037 Nestle India Ltd (Consumer Defensive)
Equity, Since 30 Sep 13 | NESTLEIND4% ₹25 Cr 23,954 10. BNP Paribas Long Term Equity Fund (ELSS)
CAGR/Annualized return of 10.4% since its launch. Ranked 22 in ELSS category. Return for 2018 was -9.3% , 2017 was 42.3% and 2016 was -6.6% . BNP Paribas Long Term Equity Fund (ELSS)
Growth Launch Date 5 Jan 06 NAV (22 Mar 19) ₹37.126 ↓ -0.03 (-0.08 %) Net Assets (Cr) ₹442 on 28 Feb 19 Category Equity - ELSS AMC BNP Paribas Asset Mgmt India Pvt. Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.75 Sharpe Ratio -0.51 Information Ratio -1.15 Alpha Ratio -5.45 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 28 Feb 14 ₹10,000 28 Feb 15 ₹16,689 29 Feb 16 ₹14,307 28 Feb 17 ₹17,280 28 Feb 18 ₹20,716 28 Feb 19 ₹19,726 Returns for BNP Paribas Long Term Equity Fund (ELSS)
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Mar 19 Duration Returns 1 Month 5.6% 3 Month 4% 6 Month 4.3% 1 Year 4.4% 3 Year 10.1% 5 Year 15% 10 Year 15 Year Since launch 10.4% Historical performance (Yearly) on absolute basis
Year Returns 2018 -9.3% 2017 42.3% 2016 -6.6% 2015 7.7% 2014 53% 2013 7.7% 2012 34.3% 2011 -15% 2010 14.9% 2009 70.2% Fund Manager information for BNP Paribas Long Term Equity Fund (ELSS)
Name Since Tenure Abhijeet Dey 16 Nov 16 2.21 Yr. Karthikraj Lakshmanan 7 Oct 16 2.32 Yr. Data below for BNP Paribas Long Term Equity Fund (ELSS) as on 28 Feb 19
Equity Sector Allocation
Sector Value Financial Services 35.54% Technology 11.87% Consumer Cyclical 11.57% Industrials 11.33% Consumer Defensive 8.59% Basic Materials 5.05% Energy 2.51% Health Care 1.93% Utility 1.62% Asset Allocation
Asset Class Value Cash 10% Equity 90% Top Securities Holdings / Portfolio
Name Holding Value Quantity Treps
CBLO/Reverse Repo | -10% ₹45 Cr HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFCBANK9% ₹41 Cr 198,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 12 | ICICIBANK7% ₹29 Cr 825,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322157% ₹29 Cr 405,000
↑ 55,000 Infosys Ltd (Technology)
Equity, Since 31 Mar 09 | INFY5% ₹20 Cr 275,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 18 | TCS4% ₹19 Cr 97,500 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Oct 17 | LT4% ₹16 Cr 125,988 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 28 Feb 15 | KOTAKBANK4% ₹16 Cr 130,000
↓ -15,000 ITC Ltd (Consumer Defensive)
Equity, Since 28 Feb 18 | ITC3% ₹14 Cr 520,000
↑ 40,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Jul 18 | HDFC3% ₹13 Cr 70,000 11. Sundaram Diversified Equity Fund
CAGR/Annualized return of 16.7% since its launch. Ranked 14 in ELSS category. Return for 2018 was -10.6% , 2017 was 38.4% and 2016 was 6.8% . Sundaram Diversified Equity Fund
Growth Launch Date 22 Nov 99 NAV (22 Mar 19) ₹99.7414 ↓ -0.51 (-0.51 %) Net Assets (Cr) ₹2,547 on 28 Feb 19 Category Equity - ELSS AMC Sundaram Asset Management Company Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.61 Sharpe Ratio -0.7 Information Ratio -0.32 Alpha Ratio -9.71 Min Investment 500 Min SIP Investment 250 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 28 Feb 14 ₹10,000 28 Feb 15 ₹15,646 29 Feb 16 ₹12,878 28 Feb 17 ₹18,380 28 Feb 18 ₹21,752 28 Feb 19 ₹19,816 Returns for Sundaram Diversified Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Mar 19 Duration Returns 1 Month 6.8% 3 Month 4.5% 6 Month 0.3% 1 Year 1.4% 3 Year 13.1% 5 Year 15.1% 10 Year 15 Year Since launch 16.7% Historical performance (Yearly) on absolute basis
Year Returns 2018 -10.6% 2017 38.4% 2016 6.8% 2015 3.1% 2014 45.7% 2013 1.4% 2012 34.5% 2011 -25.4% 2010 13.1% 2009 72% Fund Manager information for Sundaram Diversified Equity Fund
Name Since Tenure S Krishnakumar 1 Apr 15 3.84 Yr. Data below for Sundaram Diversified Equity Fund as on 28 Feb 19
Equity Sector Allocation
Sector Value Financial Services 34.36% Consumer Cyclical 13.91% Industrials 13.21% Technology 10.25% Basic Materials 10.19% Consumer Defensive 6.12% Health Care 4.81% Energy 3.77% Utility 2.22% Asset Allocation
Asset Class Value Cash 1.17% Equity 98.83% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 11 | ICICIBANK6% ₹149 Cr 4,261,114 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | HDFCBANK5% ₹130 Cr 625,597 Axis Bank Ltd (Financial Services)
Equity, Since 31 May 18 | 5322155% ₹116 Cr 1,641,415 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Oct 12 | 5000344% ₹106 Cr 401,460 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 12 | RELIANCE4% ₹96 Cr 780,073
↑ 199,406 State Bank of India (Financial Services)
Equity, Since 31 Oct 17 | SBIN4% ₹94 Cr 3,479,521 Tech Mahindra Ltd (Technology)
Equity, Since 31 Jul 18 | 5327553% ₹78 Cr 942,641
↓ -166,000 Infosys Ltd (Technology)
Equity, Since 30 Nov 16 | INFY3% ₹78 Cr 1,063,000 Ramco Cements Ltd (Basic Materials)
Equity, Since 31 Mar 12 | RAMCOCEM3% ₹72 Cr 1,070,287 Dr Reddy's Laboratories Ltd (Healthcare)
Equity, Since 31 May 17 | 5001243% ₹68 Cr 258,353
↑ 115,000
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.