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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 20 - 21
- ELSS SIP Calculator
- Investment Modes in ELSS
- Tips to Invest in Best Tax Saving ELSS Funds
- How to Invest in ELSS Funds Online?
Top 11 Equity - ELSS Funds
- IDFC Tax Advantage (ELSS) Fund
- Tata India Tax Savings Fund
- L&T Tax Advantage Fund
- Principal Tax Savings Fund
- BOI AXA Tax Advantage Fund
- BNP Paribas Long Term Equity Fund (ELSS)
- Invesco India Tax Plan
- IDBI Equity Advantage Fund
- Kotak Tax Saver Fund
- HDFC Long Term Advantage Fund
- Sundaram Diversified Equity Fund
11 Best Tax Saving ELSS Mutual Funds 2020
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
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2019 (%) IDFC Tax Advantage (ELSS) Fund Growth ₹52.01
↓ -0.52 ₹1,920 25.6 -8.7 1.5 0.5 4.9 1.9 Tata India Tax Savings Fund Growth ₹17.5313
↓ -0.17 ₹1,855 19.4 -10.2 0.9 2.9 7.1 13.6 L&T Tax Advantage Fund Growth ₹51.539
↓ -0.33 ₹2,843 21 -9.2 1.5 0.2 5.3 4.6 Principal Tax Savings Fund Growth ₹199.03
↓ -1.90 ₹366 22.1 -5 3.5 1.5 6.6 2.5 BOI AXA Tax Advantage Fund Growth ₹57.94
↓ -0.51 ₹262 19.8 -3.3 19.4 6.7 7.7 14.6 BNP Paribas Long Term Equity Fund (ELSS) Growth ₹39.997
↓ -0.39 ₹425 18.5 -7.1 6.9 3.9 5.1 14.3 Invesco India Tax Plan Growth ₹51.57
↓ -0.57 ₹997 18.9 -8.2 6.6 5.4 6.7 9.4 IDBI Equity Advantage Fund Growth ₹24.78
↓ -0.27 ₹475 10.9 -13.2 -0.9 1.1 2.8 5.7 Kotak Tax Saver Fund Growth ₹43.672
↓ -0.20 ₹1,133 18.8 -10.5 3 3.2 6.1 12.7 HDFC Long Term Advantage Fund Growth ₹337.802
↓ -2.52 ₹1,064 23.2 -9.7 -1 2.2 6.7 10.1 Sundaram Diversified Equity Fund Growth ₹92.0331
↓ -0.97 ₹2,071 22.2 -12.5 -1.6 -2.1 3.7 6.2 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 14 Aug 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.
The investment objective of the Scheme is to seek to generate long term capital growth from a diversified portfolio of predominantly equity and equity related securities. There can be no assurance that the investment objective of the scheme will be realised. IDFC Tax Advantage (ELSS) Fund is a Equity - ELSS fund was launched on 26 Dec 08. It is a fund with Moderately High risk and has given a Below is the key information for IDFC Tax Advantage (ELSS) Fund Returns up to 1 year are on To provide medium to long term capital gains along with income tax relief to its Unitholders, while at all times emphasising the importance of capital appreciation.. Tata India Tax Savings Fund is a Equity - ELSS fund was launched on 13 Oct 14. It is a fund with Moderately High risk and has given a Below is the key information for Tata India Tax Savings Fund Returns up to 1 year are on To 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 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 The Scheme seeks to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities across all market capitalisations. The Scheme is in the nature of diversified multi-cap fund. The Scheme is not providing any assured or guaranteed returns.(There can be no assurance that the investment objectives of the Scheme will be realized.) BOI AXA Tax Advantage Fund is a Equity - ELSS fund was launched on 25 Feb 09. It is a fund with Moderately High risk and has given a Below is the key information for BOI AXA Tax Advantage Fund Returns up to 1 year are on The investment objective of the Scheme is to generate long-term capital growth from a diversified and actively managed portfolio of equity and equity related securities along with income tax rebate, as may be prevalent fromtime to time. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns. BNP Paribas Long Term Equity Fund (ELSS) is a Equity - ELSS fund was launched on 5 Jan 06. It is a fund with Moderately High risk and has given a Below is the key information for BNP Paribas Long Term Equity Fund (ELSS) Returns up to 1 year are on The investment objective of the Scheme is to generate long term capital growth from a diversified portfolio of predominantly equity and equity-related securities. Invesco India Tax Plan is a Equity - ELSS fund was launched on 29 Dec 06. It is a fund with Moderately High risk and has given a Below is the key information for Invesco India Tax Plan Returns up to 1 year are on The 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 longterm capital appreciation from a diversified portfolio of equity and equity related securities and enable investors to avail the income tax rebate, as permitted from time to time. Kotak Tax Saver Fund is a Equity - ELSS fund was launched on 23 Nov 05. It is a fund with Moderately High risk and has given a Below is the key information for Kotak Tax Saver Fund Returns up to 1 year are on To generate long term capital appreciation from a portfolio that is predominantly in equity and equity related instruments HDFC Long Term Advantage Fund is a Equity - ELSS fund was launched on 2 Jan 01. It is a fund with Moderately High risk and has given a Below is the key information for HDFC Long Term Advantage Fund Returns up to 1 year are on To achieve capital appreciation by investing
predominantly in equities and equity-related
instruments. A three-year lock-in period shall
apply in line with the regulation for ELSS
schemes. Sundaram Diversified Equity Fund is a Equity - ELSS fund was launched on 22 Nov 99. It is a fund with Moderately High risk and has given a Below is the key information for Sundaram Diversified Equity Fund Returns up to 1 year are on 1. IDFC Tax Advantage (ELSS) Fund
CAGR/Annualized return of 15.2% since its launch. Ranked 3 in ELSS category. Return for 2019 was 1.9% , 2018 was -9.4% and 2017 was 53.4% . IDFC Tax Advantage (ELSS) Fund
Growth Launch Date 26 Dec 08 NAV (14 Aug 20) ₹52.01 ↓ -0.52 (-0.99 %) Net Assets (Cr) ₹1,920 on 30 Jun 20 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.22 Sharpe Ratio -0.37 Information Ratio -0.73 Alpha Ratio -4.05 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jul 15 ₹10,000 31 Jul 16 ₹9,917 31 Jul 17 ₹12,525 31 Jul 18 ₹13,772 31 Jul 19 ₹12,487 31 Jul 20 ₹12,023 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Aug 20 Duration Returns 1 Month 8% 3 Month 25.6% 6 Month -8.7% 1 Year 1.5% 3 Year 0.5% 5 Year 4.9% 10 Year 15 Year Since launch 15.2% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Daylynn Pinto 20 Oct 16 3.7 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 30 Jun 20
Equity Sector Allocation
Sector Value Financial Services 22.55% Consumer Cyclical 13.15% Industrials 11.78% Health Care 10.61% Basic Materials 9.67% Technology 8.2% Energy 7.25% Consumer Defensive 6.57% Communication Services 4.37% Utility 0.37% Asset Allocation
Asset Class Value Cash 3.53% Equity 96.47% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK6% ₹116 Cr 3,300,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE5% ₹98 Cr 575,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK5% ₹91 Cr 850,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY5% ₹88 Cr 1,200,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL4% ₹84 Cr 1,500,000
↑ 100,000 Triparty Repo
CBLO/Reverse Repo | -4% ₹68 Cr Deepak Nitrite Ltd (Basic Materials)
Equity, Since 31 Mar 17 | 5064013% ₹52 Cr 1,085,000
↑ 21,256 Ipca Laboratories Ltd (Healthcare)
Equity, Since 30 Nov 18 | 5244943% ₹49 Cr 295,530
↑ 5,530 KEC International Ltd (Industrials)
Equity, Since 30 Sep 15 | 5327143% ₹49 Cr 1,800,000
↓ -20,000 Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 18 | 5322152% ₹47 Cr 1,150,000
↓ -50,000 2. Tata India Tax Savings Fund
CAGR/Annualized return of 10.1% since its launch. Ranked 1 in ELSS category. Return for 2019 was 13.6% , 2018 was -8.4% and 2017 was 46% . Tata India Tax Savings Fund
Growth Launch Date 13 Oct 14 NAV (14 Aug 20) ₹17.5313 ↓ -0.17 (-0.99 %) Net Assets (Cr) ₹1,855 on 30 Jun 20 Category Equity - ELSS AMC Tata Asset Management Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.08 Sharpe Ratio -0.42 Information Ratio -0.61 Alpha Ratio -4.22 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jul 15 ₹10,000 31 Jul 16 ₹11,071 31 Jul 17 ₹13,541 31 Jul 18 ₹14,384 31 Jul 19 ₹14,323 31 Jul 20 ₹14,021 Returns for Tata India Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Aug 20 Duration Returns 1 Month 6.4% 3 Month 19.4% 6 Month -10.2% 1 Year 0.9% 3 Year 2.9% 5 Year 7.1% 10 Year 15 Year Since launch 10.1% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Rupesh Patel 1 Apr 15 5.25 Yr. Ennette Fernandes 18 Jun 18 2.04 Yr. Data below for Tata India Tax Savings Fund as on 30 Jun 20
Equity Sector Allocation
Sector Value Financial Services 31.22% Energy 16.76% Consumer Cyclical 10.44% Health Care 7.91% Communication Services 6.94% Basic Materials 6.8% Technology 6.67% Industrials 6.56% Consumer Defensive 4.16% Real Estate 0.55% Asset Allocation
Asset Class Value Cash 3.99% Equity 98% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE13% ₹237 Cr 1,390,000 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK8% ₹147 Cr 1,382,000 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK7% ₹134 Cr 3,800,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 19 | BHARTIARTL7% ₹129 Cr 2,300,000
↑ 100,000 Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY7% ₹124 Cr 1,680,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC5% ₹99 Cr 565,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN5% ₹95 Cr 5,325,000 A) Repo
CBLO/Reverse Repo | -4% ₹74 Cr Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | M&M3% ₹51 Cr 1,000,000 Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 17 | DIVISLAB3% ₹49 Cr 215,000 3. L&T Tax Advantage Fund
CAGR/Annualized return of 12% since its launch. Ranked 7 in ELSS category. Return for 2019 was 4.6% , 2018 was -8.1% and 2017 was 42.3% . L&T Tax Advantage Fund
Growth Launch Date 27 Feb 06 NAV (14 Aug 20) ₹51.539 ↓ -0.33 (-0.64 %) Net Assets (Cr) ₹2,843 on 30 Jun 20 Category Equity - ELSS AMC L&T Investment Management Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.21 Sharpe Ratio -0.31 Information Ratio -1.1 Alpha Ratio -1.31 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jul 15 ₹10,000 31 Jul 16 ₹10,424 31 Jul 17 ₹13,149 31 Jul 18 ₹14,279 31 Jul 19 ₹12,847 31 Jul 20 ₹12,577 Returns for L&T Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Aug 20 Duration Returns 1 Month 6.9% 3 Month 21% 6 Month -9.2% 1 Year 1.5% 3 Year 0.2% 5 Year 5.3% 10 Year 15 Year Since launch 12% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Venugopal Manghat 17 Dec 19 0.54 Yr. Vihang Naik 17 Dec 19 0.54 Yr. Data below for L&T Tax Advantage Fund as on 30 Jun 20
Equity Sector Allocation
Sector Value Financial Services 23.15% Health Care 14.91% Basic Materials 14.04% Technology 11.81% Consumer Cyclical 11.25% Energy 6.48% Industrials 6.11% Consumer Defensive 5.08% Communication Services 4.22% Asset Allocation
Asset Class Value Cash 1.9% Equity 98.09% Other 0.02% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCE6% ₹163 Cr 955,600 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK5% ₹153 Cr 1,436,100 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 17 | BHARTIARTL4% ₹120 Cr 2,142,500 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 09 | TCS4% ₹102 Cr 491,900 Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY4% ₹101 Cr 1,370,200 HCL Technologies Ltd (Technology)
Equity, Since 30 Sep 17 | HCLTECH3% ₹98 Cr 1,758,400 Shree Cement Ltd (Basic Materials)
Equity, Since 30 Nov 19 | 5003873% ₹93 Cr 40,300 ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 07 | ITC3% ₹93 Cr 4,771,387 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | KOTAKBANK3% ₹92 Cr 675,107 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Apr 15 | SUNPHARMA3% ₹81 Cr 1,703,600 4. Principal Tax Savings Fund
CAGR/Annualized return of 15% since its launch. Ranked 8 in ELSS category. Return for 2019 was 2.5% , 2018 was -9.2% and 2017 was 48.8% . Principal Tax Savings Fund
Growth Launch Date 31 Mar 96 NAV (14 Aug 20) ₹199.03 ↓ -1.90 (-0.95 %) Net Assets (Cr) ₹366 on 30 Jun 20 Category Equity - ELSS AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.88 Sharpe Ratio -0.36 Information Ratio -0.65 Alpha Ratio -2.49 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jul 15 ₹10,000 31 Jul 16 ₹10,362 31 Jul 17 ₹13,516 31 Jul 18 ₹14,472 31 Jul 19 ₹13,303 31 Jul 20 ₹13,265 Returns for Principal Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Aug 20 Duration Returns 1 Month 5.9% 3 Month 22.1% 6 Month -5% 1 Year 3.5% 3 Year 1.5% 5 Year 6.6% 10 Year 15 Year Since launch 15% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Sudhir Kedia 29 Oct 19 0.67 Yr. Data below for Principal Tax Savings Fund as on 30 Jun 20
Equity Sector Allocation
Sector Value Financial Services 31% Consumer Cyclical 10.18% Consumer Defensive 9.66% Energy 9.4% Technology 8.21% Industrials 7.88% Basic Materials 6.39% Health Care 5.79% Utility 3.02% Communication Services 2.89% Asset Allocation
Asset Class Value Cash 4.04% Equity 95.96% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 08 | RELIANCE8% ₹30 Cr 178,043
↓ -1,272 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK8% ₹29 Cr 267,571
↑ 24,615 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK6% ₹20 Cr 580,921 Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY4% ₹15 Cr 203,883 Treps 01-Jul-2020
CBLO/Reverse Repo | -4% ₹15 Cr Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFC4% ₹14 Cr 79,111
↑ 20,965 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 13 | LT4% ₹14 Cr 144,140 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jan 16 | KOTAKBANK3% ₹11 Cr 82,898 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 14 | TCS3% ₹11 Cr 50,919 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 18 | BHARTIARTL3% ₹11 Cr 189,145
↑ 32,087 5. BOI AXA Tax Advantage Fund
CAGR/Annualized return of 16.6% since its launch. Ranked 13 in ELSS category. Return for 2019 was 14.6% , 2018 was -16.3% and 2017 was 57.7% . BOI AXA Tax Advantage Fund
Growth Launch Date 25 Feb 09 NAV (14 Aug 20) ₹57.94 ↓ -0.51 (-0.87 %) Net Assets (Cr) ₹262 on 30 Jun 20 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 3.02 Sharpe Ratio 0.07 Information Ratio 0.27 Alpha Ratio 9.94 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jul 15 ₹10,000 31 Jul 16 ₹10,149 31 Jul 17 ₹12,205 31 Jul 18 ₹14,186 31 Jul 19 ₹12,101 31 Jul 20 ₹14,133 Returns for BOI AXA Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Aug 20 Duration Returns 1 Month 8.9% 3 Month 19.8% 6 Month -3.3% 1 Year 19.4% 3 Year 6.7% 5 Year 7.7% 10 Year 15 Year Since launch 16.6% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Aakash Manghani 15 Jul 19 0.96 Yr. Data below for BOI AXA Tax Advantage Fund as on 30 Jun 20
Equity Sector Allocation
Sector Value Financial Services 28.86% Basic Materials 16.82% Health Care 14.43% Consumer Defensive 7.3% Consumer Cyclical 6.54% Energy 5.7% Technology 5.64% Industrials 5.39% Communication Services 4.79% Utility 0.49% Asset Allocation
Asset Class Value Cash 3.76% Equity 96.24% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK6% ₹17 Cr 158,288
↑ 8,721 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE6% ₹15 Cr 87,510
↑ 9,430 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Dec 19 | BHARTIARTL4% ₹11 Cr 197,163
↑ 4,409 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | KOTAKBANK4% ₹10 Cr 74,728
↑ 4,912 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK4% ₹10 Cr 281,959
↑ 68,179 PI Industries Ltd (Basic Materials)
Equity, Since 30 Nov 18 | PIIND4% ₹10 Cr 63,294 Cblo
CBLO | -3% ₹9 Cr Muthoot Finance Ltd (Financial Services)
Equity, Since 29 Feb 20 | 5333983% ₹8 Cr 73,302
↑ 5,687 Abbott India Ltd (Healthcare)
Equity, Since 31 Aug 18 | 5004883% ₹8 Cr 4,910
↓ -1,646 Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 18 | DIVISLAB3% ₹8 Cr 33,806
↓ -5,427 6. BNP Paribas Long Term Equity Fund (ELSS)
CAGR/Annualized return of 10% since its launch. Ranked 22 in ELSS category. Return for 2019 was 14.3% , 2018 was -9.3% and 2017 was 42.3% . BNP Paribas Long Term Equity Fund (ELSS)
Growth Launch Date 5 Jan 06 NAV (14 Aug 20) ₹39.997 ↓ -0.39 (-0.96 %) Net Assets (Cr) ₹425 on 30 Jun 20 Category Equity - ELSS AMC BNP Paribas Asset Mgmt India Pvt. Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.75 Sharpe Ratio -0.15 Information Ratio -0.06 Alpha Ratio 3.68 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jul 15 ₹10,000 31 Jul 16 ₹9,947 31 Jul 17 ₹11,571 31 Jul 18 ₹11,943 31 Jul 19 ₹11,885 31 Jul 20 ₹12,483 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 14 Aug 20 Duration Returns 1 Month 5.9% 3 Month 18.5% 6 Month -7.1% 1 Year 6.9% 3 Year 3.9% 5 Year 5.1% 10 Year 15 Year Since launch 10% Historical performance (Yearly) on absolute basis
Year Returns 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)
Name Since Tenure Abhijeet Dey 16 Nov 16 3.62 Yr. Karthikraj Lakshmanan 7 Oct 16 3.73 Yr. Data below for BNP Paribas Long Term Equity Fund (ELSS) as on 30 Jun 20
Equity Sector Allocation
Sector Value Financial Services 28.01% Technology 13.97% Consumer Defensive 9.05% Basic Materials 8.3% Communication Services 7.68% Consumer Cyclical 6.31% Industrials 5.17% Health Care 5.14% Energy 5.01% Utility 3.86% Asset Allocation
Asset Class Value Cash 7.5% Equity 92.5% Top Securities Holdings / Portfolio
Name Holding Value Quantity Treps
CBLO/Reverse Repo | -7% ₹31 Cr HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFCBANK7% ₹29 Cr 275,000 Infosys Ltd (Technology)
Equity, Since 31 Mar 09 | INFY6% ₹28 Cr 375,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 12 | ICICIBANK6% ₹25 Cr 698,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 18 | RELIANCE5% ₹21 Cr 125,000
↑ 7,500 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 19 | BHARTIARTL5% ₹21 Cr 375,950 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 18 | TCS5% ₹19 Cr 92,500 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Jul 18 | HDFC3% ₹13 Cr 75,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322153% ₹13 Cr 315,000
↑ 80,000 HCL Technologies Ltd (Technology)
Equity, Since 30 Sep 19 | HCLTECH3% ₹13 Cr 225,000 7. Invesco India Tax Plan
CAGR/Annualized return of 12.8% since its launch. Ranked 17 in ELSS category. Return for 2019 was 9.4% , 2018 was -1.3% and 2017 was 35.7% . Invesco India Tax Plan
Growth Launch Date 29 Dec 06 NAV (14 Aug 20) ₹51.57 ↓ -0.57 (-1.09 %) Net Assets (Cr) ₹997 on 30 Jun 20 Category Equity - ELSS AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.71 Sharpe Ratio -0.16 Information Ratio 0.26 Alpha Ratio 3.47 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jul 15 ₹10,000 31 Jul 16 ₹10,337 31 Jul 17 ₹12,162 31 Jul 18 ₹14,062 31 Jul 19 ₹13,026 31 Jul 20 ₹13,781 Returns for Invesco India Tax Plan
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Aug 20 Duration Returns 1 Month 5.2% 3 Month 18.9% 6 Month -8.2% 1 Year 6.6% 3 Year 5.4% 5 Year 6.7% 10 Year 15 Year Since launch 12.8% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Amit Ganatra 29 Mar 18 2.26 Yr. Dhimant Kothari 29 Mar 18 2.26 Yr. Data below for Invesco India Tax Plan as on 30 Jun 20
Equity Sector Allocation
Sector Value Financial Services 31.1% Consumer Cyclical 11.33% Energy 9.97% Technology 9.81% Consumer Defensive 8.59% Health Care 6.28% Industrials 6.04% Communication Services 4.67% Utility 4.22% Basic Materials 3.69% Asset Allocation
Asset Class Value Cash 4.28% Equity 95.72% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE10% ₹99 Cr 582,815 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK10% ₹96 Cr 896,967 Infosys Ltd (Technology)
Equity, Since 31 Dec 19 | INFY7% ₹70 Cr 955,725
↑ 14,171 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK6% ₹62 Cr 1,751,256 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 19 | KOTAKBANK5% ₹52 Cr 383,650
↑ 7,637 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Jun 19 | 5006965% ₹47 Cr 214,739 Triparty Repo
CBLO/Reverse Repo | -4% ₹45 Cr Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 18 | HDFC4% ₹36 Cr 207,394
↓ -185,805 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 19 | BHARTIARTL3% ₹35 Cr 620,572 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Dec 19 | MARUTI3% ₹27 Cr 46,107 8. IDBI Equity Advantage Fund
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% . IDBI Equity Advantage Fund
Growth Launch Date 10 Sep 13 NAV (14 Aug 20) ₹24.78 ↓ -0.27 (-1.08 %) Net Assets (Cr) ₹475 on 30 Jun 20 Category Equity - ELSS AMC IDBI Asset Management Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.53 Sharpe Ratio -0.17 Information Ratio -0.29 Alpha Ratio 2.13 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jul 15 ₹10,000 31 Jul 16 ₹10,174 31 Jul 17 ₹11,605 31 Jul 18 ₹12,590 31 Jul 19 ₹11,520 31 Jul 20 ₹11,455 Returns for IDBI Equity Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Aug 20 Duration Returns 1 Month 1.7% 3 Month 10.9% 6 Month -13.2% 1 Year -0.9% 3 Year 1.1% 5 Year 2.8% 10 Year 15 Year Since launch Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Uma Venkatraman 1 Jul 18 2 Yr. Data below for IDBI Equity Advantage Fund as on 30 Jun 20
Equity Sector Allocation
Sector Value Consumer Cyclical 30.03% Consumer Defensive 23.11% Financial Services 15.9% Basic Materials 14.3% Health Care 6.58% Industrials 6.36% Technology 1.49% Asset Allocation
Asset Class Value Cash 2.22% Equity 97.78% Top Securities Holdings / Portfolio
Name Holding Value Quantity Pidilite Industries Ltd (Basic Materials)
Equity, Since 30 Sep 13 | PIDILITIND7% ₹33 Cr 239,652
↓ -2,583 Nestle India Ltd (Consumer Defensive)
Equity, Since 30 Sep 13 | NESTLEIND7% ₹32 Cr 18,866
↓ -201 MRF Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 5002906% ₹29 Cr 4,281
↓ -46 Sanofi India Ltd (Healthcare)
Equity, Since 31 Jan 19 | 5006746% ₹27 Cr 34,622
↓ -378 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Apr 20 | 5006966% ₹27 Cr 122,394
↓ -1,337 Asian Paints Ltd (Basic Materials)
Equity, Since 30 Sep 13 | 5008206% ₹27 Cr 157,773
↓ -1,634 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 13 | KOTAKBANK5% ₹26 Cr 189,056
↓ -2,085 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 31 Jan 14 | 5323435% ₹25 Cr 664,754
↓ -7,205 Bata India Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 5000435% ₹25 Cr 188,438
↓ -2,051 WABCO India Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | WABCOINDIA5% ₹24 Cr 35,073
↓ -378 9. Kotak Tax Saver Fund
CAGR/Annualized return of 10.5% since its launch. Ranked 19 in ELSS category. Return for 2019 was 12.7% , 2018 was -3.8% and 2017 was 33.8% . Kotak Tax Saver Fund
Growth Launch Date 23 Nov 05 NAV (14 Aug 20) ₹43.672 ↓ -0.20 (-0.46 %) Net Assets (Cr) ₹1,133 on 30 Jun 20 Category Equity - ELSS AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.4 Sharpe Ratio -0.25 Information Ratio 0.05 Alpha Ratio 1.02 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jul 15 ₹10,000 31 Jul 16 ₹10,237 31 Jul 17 ₹12,533 31 Jul 18 ₹13,140 31 Jul 19 ₹13,120 31 Jul 20 ₹13,260 Returns for Kotak Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Aug 20 Duration Returns 1 Month 4.4% 3 Month 18.8% 6 Month -10.5% 1 Year 3% 3 Year 3.2% 5 Year 6.1% 10 Year 15 Year Since launch 10.5% Historical performance (Yearly) on absolute basis
Year Returns 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 Fund
Name Since Tenure Harsha Upadhyaya 25 Aug 15 4.85 Yr. Data below for Kotak Tax Saver Fund as on 30 Jun 20
Equity Sector Allocation
Sector Value Basic Materials 19.04% Financial Services 17.13% Industrials 15.4% Consumer Defensive 12.25% Energy 9.2% Technology 6.45% Consumer Cyclical 5.91% Health Care 5.28% Utility 4.2% Asset Allocation
Asset Class Value Cash 4.88% Equity 95.09% Other 0.02% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE7% ₹81 Cr 475,000
↓ -31,666 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Apr 20 | 5006965% ₹59 Cr 270,000
↑ 2,608 Triparty Repo
CBLO/Reverse Repo | -5% ₹55 Cr ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK4% ₹49 Cr 1,400,000
↓ -300,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK4% ₹41 Cr 380,000
↓ -100,000 SRF Ltd (Basic Materials)
Equity, Since 30 Apr 16 | SRF3% ₹38 Cr 105,000 Britannia Industries Ltd (Consumer Defensive)
Equity, Since 31 May 20 | 5008253% ₹36 Cr 100,000
↑ 58,977 Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 14 | LT3% ₹33 Cr 350,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | 5322153% ₹32 Cr 777,025 Dr Reddy's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 18 | 5001243% ₹32 Cr 80,000 10. HDFC Long Term Advantage Fund
CAGR/Annualized return of 19.7% since its launch. Ranked 23 in ELSS category. Return for 2019 was 10.1% , 2018 was -3.9% and 2017 was 36.2% . HDFC Long Term Advantage Fund
Growth Launch Date 2 Jan 01 NAV (14 Aug 20) ₹337.802 ↓ -2.52 (-0.74 %) Net Assets (Cr) ₹1,064 on 30 Jun 20 Category Equity - ELSS AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.17 Sharpe Ratio -0.42 Information Ratio -1.07 Alpha Ratio -4.62 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jul 15 ₹10,000 31 Jul 16 ₹10,596 31 Jul 17 ₹13,444 31 Jul 18 ₹14,440 31 Jul 19 ₹14,278 31 Jul 20 ₹13,480
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 14 Aug 20 Duration Returns 1 Month 6.9% 3 Month 23.2% 6 Month -9.7% 1 Year -1% 3 Year 2.2% 5 Year 6.7% 10 Year 15 Year Since launch 19.7% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Chirag Setalvad 2 Apr 07 13.26 Yr. Data below for HDFC Long Term Advantage Fund as on 30 Jun 20
Equity Sector Allocation
Sector Value Financial Services 31.1% Industrials 18.76% Energy 14.08% Technology 12.58% Basic Materials 5.46% Consumer Defensive 5.34% Health Care 3.65% Communication Services 2.76% Utility 2.5% Consumer Cyclical 0.98% Asset Allocation
Asset Class Value Cash 2.45% Equity 97.55% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 05 | RELIANCE10% ₹110 Cr 647,000
↓ -50,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 13 | HDFCBANK10% ₹105 Cr 988,000 Infosys Ltd (Technology)
Equity, Since 30 Nov 06 | INFY9% ₹96 Cr 1,300,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK8% ₹87 Cr 2,473,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFC7% ₹70 Cr 400,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Oct 07 | LT5% ₹57 Cr 607,500 ITC Ltd (Consumer Defensive)
Equity, Since 31 Oct 05 | ITC5% ₹55 Cr 2,822,910 State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN4% ₹46 Cr 2,600,000 Aurobindo Pharma Ltd (Healthcare)
Equity, Since 31 Mar 18 | AUROPHARMA4% ₹39 Cr 500,000 Bharat Petroleum Corp Ltd (Energy)
Equity, Since 30 Sep 12 | 5005474% ₹37 Cr 1,000,000 11. Sundaram Diversified Equity Fund
CAGR/Annualized return of 15.1% since its launch. Ranked 14 in ELSS category. Return for 2019 was 6.2% , 2018 was -10.6% and 2017 was 38.4% . Sundaram Diversified Equity Fund
Growth Launch Date 22 Nov 99 NAV (14 Aug 20) ₹92.0331 ↓ -0.97 (-1.04 %) Net Assets (Cr) ₹2,071 on 30 Jun 20 Category Equity - ELSS AMC Sundaram Asset Management Company Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.61 Sharpe Ratio -0.47 Information Ratio -1.35 Alpha Ratio -6.95 Min Investment 500 Min SIP Investment 250 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jul 15 ₹10,000 31 Jul 16 ₹10,565 31 Jul 17 ₹12,990 31 Jul 18 ₹13,385 31 Jul 19 ₹12,256 31 Jul 20 ₹11,570 Returns for Sundaram Diversified Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Aug 20 Duration Returns 1 Month 6.8% 3 Month 22.2% 6 Month -12.5% 1 Year -1.6% 3 Year -2.1% 5 Year 3.7% 10 Year 15 Year Since launch 15.1% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure S Krishnakumar 1 Apr 15 5.25 Yr. Dwijendra Srivastava 30 Dec 17 2.5 Yr. Rohit Seksaria 30 Dec 17 2.5 Yr. Data below for Sundaram Diversified Equity Fund as on 30 Jun 20
Equity Sector Allocation
Sector Value Financial Services 28.99% Industrials 11.63% Consumer Defensive 11.59% Consumer Cyclical 10.29% Energy 9.14% Basic Materials 8.99% Health Care 6.73% Communication Services 5.39% Technology 5.37% Utility 0.6% Asset Allocation
Asset Class Value Cash 0.98% Equity 99.02% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 12 | RELIANCE7% ₹153 Cr 896,447
↑ 106,345 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | HDFCBANK6% ₹127 Cr 1,193,850 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 11 | ICICIBANK4% ₹92 Cr 2,617,794 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 19 | BHARTIARTL4% ₹88 Cr 1,569,232
↑ 85,589 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Jul 19 | HDFC4% ₹83 Cr 472,812 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Sep 19 | 5006963% ₹67 Cr 305,792 Infosys Ltd (Technology)
Equity, Since 30 Nov 16 | INFY3% ₹63 Cr 856,904 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 May 18 | LT3% ₹62 Cr 652,837 Varun Beverages Ltd (Consumer Defensive)
Equity, Since 31 Oct 16 | VBL3% ₹62 Cr 904,668 SBI Life Insurance Co Ltd (Financial Services)
Equity, Since 30 Sep 17 | 5407193% ₹62 Cr 763,254
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.