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11 Best performing Tax Saving (ELSS) Mutual Funds to invest in 2020

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11 Best Tax Saving ELSS Mutual Funds 2020

Updated on February 14, 2020 , 8954 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 20 - 21

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2019 (%)
Tata India Tax Savings Fund Growth ₹19.5237
↓ -0.11
₹2,0943.912.416.911.710.513.6
IDFC Tax Advantage (ELSS) Fund Growth ₹56.96
↓ -0.22
₹2,1195.911.112.99.77.61.9
L&T Tax Advantage Fund Growth ₹56.776
↓ -0.07
₹3,3824.911.814.68.78.34.6
Principal Tax Savings Fund Growth ₹209.44
↓ -1.58
₹4083.38.99.38.47.92.5
BNP Paribas Long Term Equity Fund (ELSS) Growth ₹43.069
↓ -0.15
₹4746.215.122.6127.614.3
BOI AXA Tax Advantage Fund Growth ₹59.9
↓ -0.17
₹26610.223.529.713.9914.6
Kotak Tax Saver Scheme Growth ₹48.82
↓ -0.19
₹1,068715.221.111.4912.7
HDFC Long Term Advantage Fund Growth ₹374.051
↓ -0.51
₹1,3993.39.71310.3910.1
Invesco India Tax Plan Growth ₹56.15
↓ -0.16
₹9886.316.118.812.89.49.4
Sundaram Diversified Equity Fund Growth ₹105.138
↓ -0.16
₹2,5782.912.413.46.56.86.2
IDBI Equity Advantage Fund Growth ₹28.54
↓ -0.23
₹5762.114.114.4106.45.7
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 14 Feb 20

*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. 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 13.4% since its launch.  Ranked 1 in ELSS category.  Return for 2019 was 13.6% , 2018 was -8.4% and 2017 was 46% .

Below is the key information for Tata India Tax Savings Fund

Tata India Tax Savings Fund
Growth
Launch Date 13 Oct 14
NAV (14 Feb 20) ₹19.5237 ↓ -0.11   (-0.57 %)
Net Assets (Cr) ₹2,094 on 31 Dec 19
Category Equity - ELSS
AMC Tata Asset Management Limited
Rating
Risk Moderately High
Expense Ratio 2.08
Sharpe Ratio 0.79
Information Ratio -0.26
Alpha Ratio -3.75
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jan 15₹10,000
31 Jan 16₹9,941
31 Jan 17₹11,620
31 Jan 18₹15,599
31 Jan 19₹14,362
31 Jan 20₹16,441

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 ₹395,578.
Net Profit of ₹95,578
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 14 Feb 20

DurationReturns
1 Month -0.1%
3 Month 3.9%
6 Month 12.4%
1 Year 16.9%
3 Year 11.7%
5 Year 10.5%
10 Year
15 Year
Since launch 13.4%
Historical performance (Yearly) on absolute basis
YearReturns
2019 13.6%
2018 -8.4%
2017 46%
2016 2.1%
2015 13.3%
2014
2013
2012
2011
2010
Fund Manager information for Tata India Tax Savings Fund
NameSinceTenure
Rupesh Patel1 Apr 154.59 Yr.
Ennette Fernandes18 Jun 181.37 Yr.

Data below for Tata India Tax Savings Fund as on 31 Dec 19

Equity Sector Allocation
SectorValue
Financial Services45.51%
Energy9.78%
Industrials9.08%
Technology8.96%
Consumer Cyclical8.65%
Health Care5.25%
Basic Materials3.13%
Consumer Defensive2.73%
Communication Services2.07%
Real Estate0.78%
Asset Allocation
Asset ClassValue
Cash3.9%
Equity96.1%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK
10%₹205 Cr3,800,000
↓ -200,000
State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN
8%₹178 Cr5,325,000
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK
8%₹163 Cr1,282,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC
7%₹136 Cr565,000
Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY
6%₹123 Cr1,680,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 532215
5%₹113 Cr1,500,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE
5%₹111 Cr730,000
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 15 | KOTAKBANK
4%₹83 Cr495,000
A) Repo
CBLO/Reverse Repo | -
3%₹73 Cr
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 18 | TCS
3%₹65 Cr300,000

2. 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 16.9% since its launch.  Ranked 3 in ELSS category.  Return for 2019 was 1.9% , 2018 was -9.4% and 2017 was 53.4% .

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

IDFC Tax Advantage (ELSS) Fund
Growth
Launch Date 26 Dec 08
NAV (14 Feb 20) ₹56.96 ↓ -0.22   (-0.38 %)
Net Assets (Cr) ₹2,119 on 31 Dec 19
Category Equity - ELSS
AMC IDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 2.22
Sharpe Ratio -0.01
Information Ratio -0.39
Alpha Ratio -9.84
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jan 15₹10,000
31 Jan 16₹9,318
31 Jan 17₹10,695
31 Jan 18₹15,504
31 Jan 19₹13,356
31 Jan 20₹14,402

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 ₹367,070.
Net Profit of ₹67,070
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 14 Feb 20

DurationReturns
1 Month 0.5%
3 Month 5.9%
6 Month 11.1%
1 Year 12.9%
3 Year 9.7%
5 Year 7.6%
10 Year
15 Year
Since launch 16.9%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2010 24%
Fund Manager information for IDFC Tax Advantage (ELSS) Fund
NameSinceTenure
Daylynn Pinto20 Oct 163.2 Yr.

Data below for IDFC Tax Advantage (ELSS) Fund as on 31 Dec 19

Equity Sector Allocation
SectorValue
Financial Services29.26%
Industrials16.29%
Basic Materials12.87%
Consumer Cyclical12.54%
Technology7.87%
Energy6.37%
Health Care3.97%
Consumer Defensive3.43%
Utility1.45%
Communication Services0.65%
Asset Allocation
Asset ClassValue
Cash4.68%
Equity95.32%
Other0.01%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK
8%₹175 Cr3,250,000
Triparty Repo
CBLO/Reverse Repo | -
5%₹103 Cr
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE
4%₹91 Cr600,000
↑ 50,000
State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN
4%₹90 Cr2,700,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK
4%₹87 Cr680,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY
4%₹82 Cr1,125,000
↑ 25,000
Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 18 | 532215
4%₹75 Cr1,000,000
RBL Bank Ltd (Financial Services)
Equity, Since 31 Aug 16 | RBLBANK
3%₹63 Cr1,820,000
↑ 220,000
KEC International Ltd (Industrials)
Equity, Since 30 Sep 15 | 532714
2%₹51 Cr1,700,000
↑ 50,000
Jindal Steel & Power Ltd (Basic Materials)
Equity, Since 31 Mar 18 | 532286
2%₹48 Cr2,850,000

3. 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 2019 was 4.6% , 2018 was -8.1% and 2017 was 42.3% .

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

L&T Tax Advantage Fund
Growth
Launch Date 27 Feb 06
NAV (14 Feb 20) ₹56.776 ↓ -0.07   (-0.13 %)
Net Assets (Cr) ₹3,382 on 31 Dec 19
Category Equity - ELSS
AMC L&T Investment Management Ltd
Rating
Risk Moderately High
Expense Ratio 2.21
Sharpe Ratio 0.15
Information Ratio -0.82
Alpha Ratio -6.06
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jan 15₹10,000
31 Jan 16₹9,178
31 Jan 17₹11,172
31 Jan 18₹15,264
31 Jan 19₹13,337
31 Jan 20₹14,638

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 14 Feb 20

DurationReturns
1 Month 0%
3 Month 4.9%
6 Month 11.8%
1 Year 14.6%
3 Year 8.7%
5 Year 8.3%
10 Year
15 Year
Since launch 13.2%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2010 29.2%
Fund Manager information for L&T Tax Advantage Fund
NameSinceTenure
Venugopal Manghat17 Dec 190.04 Yr.
Vihang Naik17 Dec 190.04 Yr.

Data below for L&T Tax Advantage Fund as on 31 Dec 19

Equity Sector Allocation
SectorValue
Financial Services37.71%
Technology11.71%
Basic Materials11.06%
Consumer Cyclical9.33%
Health Care9.31%
Industrials7.96%
Energy4.51%
Consumer Defensive3.84%
Communication Services2.98%
Asset Allocation
Asset ClassValue
Cash2.17%
Equity98.43%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK
8%₹269 Cr4,984,600
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK
7%₹223 Cr1,751,800
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 09 | TCS
5%₹161 Cr747,000
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | KOTAKBANK
4%₹140 Cr834,000
↑ 68,900
Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCE
4%₹129 Cr853,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 06 | LT
3%₹111 Cr853,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 17 | BHARTIARTL
3%₹101 Cr2,214,200
Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY
3%₹100 Cr1,370,200
HCL Technologies Ltd (Technology)
Equity, Since 30 Sep 17 | HCLTECH
3%₹100 Cr1,758,400
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 May 17 | HDFC
3%₹96 Cr399,000

4. 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 15.6% since its launch.  Ranked 8 in ELSS category.  Return for 2019 was 2.5% , 2018 was -9.2% and 2017 was 48.8% .

Below is the key information for Principal Tax Savings Fund

Principal Tax Savings Fund
Growth
Launch Date 31 Mar 96
NAV (14 Feb 20) ₹209.44 ↓ -1.58   (-0.75 %)
Net Assets (Cr) ₹408 on 31 Dec 19
Category Equity - ELSS
AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd.
Rating
Risk Moderately High
Expense Ratio 2.61
Sharpe Ratio -0.01
Information Ratio -0.5
Alpha Ratio -6.43
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jan 15₹10,000
31 Jan 16₹9,017
31 Jan 17₹11,113
31 Jan 18₹15,546
31 Jan 19₹13,678
31 Jan 20₹14,412

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 ₹367,070.
Net Profit of ₹67,070
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 14 Feb 20

DurationReturns
1 Month -1%
3 Month 3.3%
6 Month 8.9%
1 Year 9.3%
3 Year 8.4%
5 Year 7.9%
10 Year
15 Year
Since launch 15.6%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2010 15%
Fund Manager information for Principal Tax Savings Fund
NameSinceTenure
Sudhir Kedia29 Oct 190.17 Yr.

Data below for Principal Tax Savings Fund as on 31 Dec 19

Equity Sector Allocation
SectorValue
Financial Services37.42%
Consumer Defensive10.7%
Technology8.37%
Energy7.86%
Consumer Cyclical6.78%
Industrials6.41%
Basic Materials6.18%
Utility6%
Health Care5.51%
Communication Services2.28%
Asset Allocation
Asset ClassValue
Cash2.41%
Equity97.59%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK
8%₹33 Cr255,638
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
7%₹28 Cr526,148
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 08 | RELIANCE
6%₹24 Cr160,306
Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY
4%₹17 Cr230,898
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFC
4%₹15 Cr61,980
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jan 16 | KOTAKBANK
4%₹14 Cr84,915
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 14 | TCS
3%₹14 Cr65,877
↓ -293
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 13 | LT
3%₹14 Cr108,085
↑ 13,223
State Bank of India (Financial Services)
Equity, Since 30 Apr 05 | SBIN
3%₹14 Cr412,371
↓ -67,480
ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC
3%₹13 Cr553,436

5. 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 10.9% since its launch.  Ranked 22 in ELSS category.  Return for 2019 was 14.3% , 2018 was -9.3% and 2017 was 42.3% .

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 (14 Feb 20) ₹43.069 ↓ -0.15   (-0.34 %)
Net Assets (Cr) ₹474 on 31 Dec 19
Category Equity - ELSS
AMC BNP Paribas Asset Mgmt India Pvt. Ltd
Rating
Risk Moderately High
Expense Ratio 2.56
Sharpe Ratio 1.01
Information Ratio -0.09
Alpha Ratio 4.87
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jan 15₹10,000
31 Jan 16₹9,171
31 Jan 17₹9,894
31 Jan 18₹12,967
31 Jan 19₹11,877
31 Jan 20₹14,067

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 ₹367,070.
Net Profit of ₹67,070
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 14 Feb 20

DurationReturns
1 Month 2%
3 Month 6.2%
6 Month 15.1%
1 Year 22.6%
3 Year 12%
5 Year 7.6%
10 Year
15 Year
Since launch 10.9%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2010 14.9%
Fund Manager information for BNP Paribas Long Term Equity Fund (ELSS)
NameSinceTenure
Abhijeet Dey16 Nov 163.04 Yr.
Karthikraj Lakshmanan7 Oct 163.15 Yr.

Data below for BNP Paribas Long Term Equity Fund (ELSS) as on 31 Dec 19

Equity Sector Allocation
SectorValue
Financial Services41.97%
Technology8.89%
Industrials7.4%
Basic Materials7.16%
Communication Services6.69%
Consumer Cyclical6.67%
Consumer Defensive5.03%
Energy4.07%
Utility3.23%
Health Care2.55%
Asset Allocation
Asset ClassValue
Cash6.34%
Equity93.66%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFCBANK
10%₹46 Cr360,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 12 | ICICIBANK
9%₹42 Cr788,000
Treps
CBLO/Reverse Repo | -
7%₹32 Cr
Infosys Ltd (Technology)
Equity, Since 31 Mar 09 | INFY
5%₹23 Cr315,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 18 | RELIANCE
4%₹19 Cr127,500
Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 532215
4%₹17 Cr230,000
↓ -67,141
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 19 | BHARTIARTL
3%₹15 Cr320,950
↑ 30,000
Sundaram Finance Ltd (Financial Services)
Equity, Since 31 Dec 18 | SUNDARMFIN
3%₹14 Cr85,000
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 28 Feb 15 | KOTAKBANK
3%₹13 Cr75,000
Alkem Laboratories Ltd (Healthcare)
Equity, Since 31 Dec 17 | ALKEM
3%₹12 Cr60,000

6. 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 17.7% since its launch.  Ranked 13 in ELSS category.  Return for 2019 was 14.6% , 2018 was -16.3% and 2017 was 57.7% .

Below is the key information for BOI AXA Tax Advantage Fund

BOI AXA Tax Advantage Fund
Growth
Launch Date 25 Feb 09
NAV (14 Feb 20) ₹59.9 ↓ -0.17   (-0.28 %)
Net Assets (Cr) ₹266 on 31 Dec 19
Category Equity - ELSS
AMC BOI AXA Investment Mngrs Private Ltd
Rating
Risk Moderately High
Expense Ratio 3.02
Sharpe Ratio 0.78
Information Ratio 0.14
Alpha Ratio 4.65
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jan 15₹10,000
31 Jan 16₹9,078
31 Jan 17₹10,153
31 Jan 18₹14,773
31 Jan 19₹12,046
31 Jan 20₹14,898

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 ₹385,859.
Net Profit of ₹85,859
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 14 Feb 20

DurationReturns
1 Month 6.4%
3 Month 10.2%
6 Month 23.5%
1 Year 29.7%
3 Year 13.9%
5 Year 9%
10 Year
15 Year
Since launch 17.7%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2010 5.9%
Fund Manager information for BOI AXA Tax Advantage Fund
NameSinceTenure
Aakash Manghani15 Jul 190.46 Yr.

Data below for BOI AXA Tax Advantage Fund as on 31 Dec 19

Equity Sector Allocation
SectorValue
Financial Services44.11%
Basic Materials12.79%
Consumer Cyclical8.43%
Industrials6.86%
Health Care5.53%
Technology5.18%
Energy4.94%
Consumer Defensive4.89%
Communication Services2.18%
Utility1.17%
Real Estate1.05%
Asset Allocation
Asset ClassValue
Cash2.87%
Equity97.13%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 18 | 500034
7%₹19 Cr43,814
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK
7%₹18 Cr337,241
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK
6%₹17 Cr131,179
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE
5%₹13 Cr86,583
↑ 6,448
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | KOTAKBANK
5%₹12 Cr71,724
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 May 19 | HDFC
3%₹8 Cr33,400
PI Industries Ltd (Basic Materials)
Equity, Since 30 Nov 18 | PIIND
3%₹8 Cr54,155
Abbott India Ltd (Healthcare)
Equity, Since 31 Aug 18 | 500488
3%₹7 Cr5,731
Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 18 | 532215
3%₹7 Cr97,680
Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 18 | DIVISLAB
3%₹7 Cr39,000

7. Kotak Tax Saver Scheme

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 CAGR/Annualized return of 11.8% since its launch.  Ranked 19 in ELSS category.  Return for 2019 was 12.7% , 2018 was -3.8% and 2017 was 33.8% .

Below is the key information for Kotak Tax Saver Scheme

Kotak Tax Saver Scheme
Growth
Launch Date 23 Nov 05
NAV (14 Feb 20) ₹48.82 ↓ -0.19   (-0.39 %)
Net Assets (Cr) ₹1,068 on 31 Dec 19
Category Equity - ELSS
AMC Kotak Mahindra Asset Management Co Ltd
Rating
Risk Moderately High
Expense Ratio 2.4
Sharpe Ratio 0.76
Information Ratio -0.14
Alpha Ratio 3.49
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jan 15₹10,000
31 Jan 16₹8,785
31 Jan 17₹10,769
31 Jan 18₹13,422
31 Jan 19₹12,851
31 Jan 20₹15,162

Kotak Tax Saver Scheme 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 Kotak Tax Saver Scheme

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Feb 20

DurationReturns
1 Month 1.6%
3 Month 7%
6 Month 15.2%
1 Year 21.1%
3 Year 11.4%
5 Year 9%
10 Year
15 Year
Since launch 11.8%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2010 19.9%
Fund Manager information for Kotak Tax Saver Scheme
NameSinceTenure
Harsha Upadhyaya25 Aug 153.44 Yr.

Data below for Kotak Tax Saver Scheme as on 31 Dec 19

Equity Sector Allocation
SectorValue
Financial Services28.37%
Industrials19.08%
Basic Materials18.36%
Energy7.63%
Technology7%
Consumer Cyclical6.33%
Consumer Defensive5.52%
Utility3.5%
Health Care2.08%
Asset Allocation
Asset ClassValue
Cash2.1%
Equity97.86%
Other0.04%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
7%₹75 Cr1,400,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE
7%₹70 Cr464,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK
6%₹61 Cr480,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | 532215
5%₹58 Cr775,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 14 | LT
4%₹39 Cr300,000
↑ 50,000
GlaxoSmithKline Consumer Healthcare Ltd (Consumer Defensive)
Equity, Since 30 Nov 17 | 500676
4%₹37 Cr45,000
SRF Ltd (Basic Materials)
Equity, Since 30 Apr 16 | SRF
3%₹36 Cr105,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 18 | TCS
3%₹32 Cr150,000
AU Small Finance Bank Ltd (Financial Services)
Equity, Since 30 Jun 17 | 540611
3%₹32 Cr400,000
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Mar 19 | KOTAKBANK
3%₹32 Cr190,000
↑ 40,000

8. 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 20.9% since its launch.  Ranked 23 in ELSS category.  Return for 2019 was 10.1% , 2018 was -3.9% and 2017 was 36.2% .

Below is the key information for HDFC Long Term Advantage Fund

HDFC Long Term Advantage Fund
Growth
Launch Date 2 Jan 01
NAV (14 Feb 20) ₹374.051 ↓ -0.51   (-0.14 %)
Net Assets (Cr) ₹1,399 on 31 Dec 19
Category Equity - ELSS
AMC HDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 2.17
Sharpe Ratio 0.56
Information Ratio -0.9
Alpha Ratio -6.36
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jan 15₹10,000
31 Jan 16₹8,921
31 Jan 17₹11,132
31 Jan 18₹14,818
31 Jan 19₹13,885
31 Jan 20₹15,232

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 ₹376,357.
Net Profit of ₹76,357
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 14 Feb 20

DurationReturns
1 Month -1.9%
3 Month 3.3%
6 Month 9.7%
1 Year 13%
3 Year 10.3%
5 Year 9%
10 Year
15 Year
Since launch 20.9%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2010 28.4%
Fund Manager information for HDFC Long Term Advantage Fund
NameSinceTenure
Chirag Setalvad2 Apr 0712.76 Yr.

Data below for HDFC Long Term Advantage Fund as on 31 Dec 19

Equity Sector Allocation
SectorValue
Financial Services35.56%
Industrials18.59%
Energy13.15%
Technology10.8%
Basic Materials5.79%
Consumer Defensive4.91%
Consumer Cyclical2.26%
Utility2.07%
Communication Services1.7%
Health Care1.65%
Asset Allocation
Asset ClassValue
Cash3.51%
Equity96.49%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
10%₹137 Cr2,550,000
↓ -140,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 13 | HDFCBANK
10%₹137 Cr1,078,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 05 | RELIANCE
9%₹132 Cr875,000
Infosys Ltd (Technology)
Equity, Since 30 Nov 06 | INFY
8%₹106 Cr1,453,908
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFC
7%₹97 Cr400,000
State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN
6%₹87 Cr2,600,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Oct 07 | LT
6%₹79 Cr607,500
ITC Ltd (Consumer Defensive)
Equity, Since 31 Oct 05 | ITC
5%₹67 Cr2,822,910
Treps - Tri-Party Repo
CBLO/Reverse Repo | -
4%₹51 Cr
Bharat Petroleum Corp Ltd (Energy)
Equity, Since 30 Sep 12 | 500547
4%₹49 Cr1,000,000

9. 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 14% since its launch.  Ranked 17 in ELSS category.  Return for 2019 was 9.4% , 2018 was -1.3% and 2017 was 35.7% .

Below is the key information for Invesco India Tax Plan

Invesco India Tax Plan
Growth
Launch Date 29 Dec 06
NAV (14 Feb 20) ₹56.15 ↓ -0.16   (-0.28 %)
Net Assets (Cr) ₹988 on 31 Dec 19
Category Equity - ELSS
AMC Invesco Asset Management (India) Private Ltd
Rating
Risk Moderately High
Expense Ratio 2.39
Sharpe Ratio 0.5
Information Ratio -0.34
Alpha Ratio -1.4
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jan 15₹10,000
31 Jan 16₹9,550
31 Jan 17₹10,868
31 Jan 18₹14,445
31 Jan 19₹13,696
31 Jan 20₹15,524

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 ₹385,859.
Net Profit of ₹85,859
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 14 Feb 20

DurationReturns
1 Month 3.1%
3 Month 6.3%
6 Month 16.1%
1 Year 18.8%
3 Year 12.8%
5 Year 9.4%
10 Year
15 Year
Since launch 14%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2010 22.1%
Fund Manager information for Invesco India Tax Plan
NameSinceTenure
Amit Ganatra29 Mar 181.76 Yr.
Dhimant Kothari29 Mar 181.76 Yr.

Data below for Invesco India Tax Plan as on 31 Dec 19

Equity Sector Allocation
SectorValue
Financial Services37.51%
Consumer Cyclical10.99%
Consumer Defensive9.99%
Energy9.7%
Technology8.76%
Health Care6.44%
Industrials5.91%
Basic Materials5.13%
Utility2.37%
Communication Services1.53%
Asset Allocation
Asset ClassValue
Cash1.67%
Equity98.33%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK
9%₹86 Cr678,130
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE
9%₹85 Cr563,639
↑ 10,132
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK
8%₹84 Cr1,551,916
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 18 | HDFC
7%₹70 Cr289,121
Infosys Ltd (Technology)
Equity, Since 31 Dec 19 | INFY
5%₹50 Cr678,124
↑ 678,124
ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 19 | ITC
4%₹38 Cr1,615,672
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Dec 19 | MARUTI
4%₹36 Cr48,701
↑ 48,701
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 19 | KOTAKBANK
4%₹36 Cr212,897
Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | 532215
4%₹35 Cr470,681
↑ 68,785
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Jun 19 | 500696
3%₹29 Cr149,509

10. 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 16.2% since its launch.  Ranked 14 in ELSS category.  Return for 2019 was 6.2% , 2018 was -10.6% and 2017 was 38.4% .

Below is the key information for Sundaram Diversified Equity Fund

Sundaram Diversified Equity Fund
Growth
Launch Date 22 Nov 99
NAV (14 Feb 20) ₹105.138 ↓ -0.16   (-0.15 %)
Net Assets (Cr) ₹2,578 on 31 Dec 19
Category Equity - ELSS
AMC Sundaram Asset Management Company Ltd
Rating
Risk Moderately High
Expense Ratio 2.23
Sharpe Ratio 0.26
Information Ratio -0.97
Alpha Ratio -4.8
Min Investment 500
Min SIP Investment 250
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jan 15₹10,000
31 Jan 16₹9,150
31 Jan 17₹11,153
31 Jan 18₹14,329
31 Jan 19₹12,609
31 Jan 20₹13,852

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 ₹357,992.
Net Profit of ₹57,992
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 14 Feb 20

DurationReturns
1 Month 0.7%
3 Month 2.9%
6 Month 12.4%
1 Year 13.4%
3 Year 6.5%
5 Year 6.8%
10 Year
15 Year
Since launch 16.2%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2010 13.1%
Fund Manager information for Sundaram Diversified Equity Fund
NameSinceTenure
S Krishnakumar1 Apr 154.75 Yr.
Dwijendra Srivastava30 Dec 172 Yr.
Rohit Seksaria30 Dec 172 Yr.

Data below for Sundaram Diversified Equity Fund as on 31 Dec 19

Equity Sector Allocation
SectorValue
Financial Services37.56%
Industrials16.18%
Consumer Defensive8.19%
Consumer Cyclical7.86%
Energy7.53%
Basic Materials6.91%
Technology6.51%
Communication Services4.52%
Health Care1.53%
Utility1.04%
Asset Allocation
Asset ClassValue
Cash2.15%
Equity97.85%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 11 | ICICIBANK
8%₹207 Cr3,839,029
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 12 | RELIANCE
6%₹167 Cr1,099,829
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | HDFCBANK
6%₹160 Cr1,260,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Jul 19 | HDFC
4%₹114 Cr472,812
Axis Bank Ltd (Financial Services)
Equity, Since 31 May 18 | 532215
4%₹109 Cr1,448,372
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 May 18 | LT
4%₹103 Cr792,788
Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Oct 12 | 500034
3%₹87 Cr205,804
SBI Life Insurance Co Ltd (Financial Services)
Equity, Since 30 Sep 17 | 540719
3%₹73 Cr763,254
Siemens Ltd (Industrials)
Equity, Since 31 Mar 17 | 500550
3%₹66 Cr444,000
ICICI Lombard General Insurance Co Ltd (Financial Services)
Equity, Since 30 Sep 17 | 540716
3%₹65 Cr470,338
↓ -92,453

11. 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 since its launch.  Ranked 21 in ELSS category.  Return for 2019 was 5.7% , 2018 was -1.7% and 2017 was 35.3% .

Below is the key information for IDBI Equity Advantage Fund

IDBI Equity Advantage Fund
Growth
Launch Date 10 Sep 13
NAV (14 Feb 20) ₹28.54 ↓ -0.23   (-0.80 %)
Net Assets (Cr) ₹576 on 31 Dec 19
Category Equity - ELSS
AMC IDBI Asset Management Limited
Rating
Risk Moderately High
Expense Ratio 2.53
Sharpe Ratio 0.22
Information Ratio -0.3
Alpha Ratio -3.93
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jan 15₹10,000
31 Jan 16₹9,065
31 Jan 17₹10,072
31 Jan 18₹12,843
31 Jan 19₹12,023
31 Jan 20₹13,658

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 ₹357,992.
Net Profit of ₹57,992
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 14 Feb 20

DurationReturns
1 Month -0.1%
3 Month 2.1%
6 Month 14.1%
1 Year 14.4%
3 Year 10%
5 Year 6.4%
10 Year
15 Year
Since launch
Historical performance (Yearly) on absolute basis
YearReturns
2019 5.7%
2018 -1.7%
2017 35.3%
2016 0%
2015 3.1%
2014 71.2%
2013
2012
2011
2010
Fund Manager information for IDBI Equity Advantage Fund
NameSinceTenure
Uma Venkatraman1 Jul 181.5 Yr.

Data below for IDBI Equity Advantage Fund as on 31 Dec 19

Equity Sector Allocation
SectorValue
Consumer Cyclical29.36%
Financial Services20.26%
Consumer Defensive20.17%
Basic Materials11.2%
Industrials8.54%
Health Care4.26%
Energy1.27%
Asset Allocation
Asset ClassValue
Cash4.31%
Equity95.06%
Other0.64%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
VST Industries Ltd (Consumer Defensive)
Equity, Since 30 Sep 13 | 509966
6%₹36 Cr86,262
Pidilite Industries Ltd (Basic Materials)
Equity, Since 30 Sep 13 | PIDILITIND
6%₹34 Cr242,235
Bata India Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 500043
6%₹33 Cr190,489
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 30 Nov 13 | CHOLAFIN
6%₹33 Cr1,067,825
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 13 | KOTAKBANK
6%₹32 Cr191,141
MRF Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 500290
6%₹32 Cr4,827
TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 31 Jan 14 | 532343
5%₹31 Cr671,959
Asian Paints Ltd (Basic Materials)
Equity, Since 30 Sep 13 | 500820
5%₹28 Cr159,407
Page Industries Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 532827
5%₹27 Cr11,670
Treps
CBLO/Reverse Repo | -
5%₹26 Cr2,635,810
↓ -1,249,214


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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