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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 22 - 23
- ELSS SIP Calculator
- Investment Modes in ELSS
- Tips to Invest in Best Tax Saving ELSS Funds
- How to Invest in ELSS Funds Online?
Top 11 Equity - ELSS Funds
- IDFC Tax Advantage (ELSS) Fund
- Tata India Tax Savings Fund
- Principal Tax Savings Fund
- L&T Tax Advantage Fund
- HDFC Long Term Advantage Fund
- Kotak Tax Saver Fund
- Sundaram Diversified Equity Fund
- IDBI Equity Advantage Fund
- BOI AXA Tax Advantage Fund
- BNP Paribas Long Term Equity Fund (ELSS)
- Invesco India Tax Plan
11 Best Tax Saving ELSS Mutual Funds 2022
Best elss Funds or Equity Linked Savings Schemes are equity diversified Mutual Funds that majorly invest in equity-linked instruments (like shares and stocks) to provide Market-linked returns and help save direct tax on Income. Typically, 80% of the fund corpus is invested in equity and the remaining in debt instruments.
ELSS funds are also known as the tax saving Mutual Funds as they offer tax benefits under Section 80C of the income tax Act. Moreover, the ELSS Mutual Funds are open-ended, which means that the investors can subscribe in these funds as and when they want.
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Who Can Invest in ELSS Fund?
Generally, ELSS Mutual Funds are suitable for all kinds of investors who are willing to take market-linked risks for Tax Planning and saving money. Anyone can invest in ELSS funds at any point of time in their life. However, it is suggested to invest in tax saving ELSS funds during the early stage of your career so that your money grows over time and you earn better returns.
Hence, save tax and earn good returns both at the same time by Investing in best ELSS funds. Investors should be aware that amount invested in ELSS funds is locked for 3 Years.
Investors can invest in ELSS mutual funds as lumpsum (One Time) of SIP (Systematic Investment plan). It is advised for beginners to generally invest using SIP as it better suited for them.
Other Tax Saving Options?
Similar to ELSS other options under Section 80c includes : Life Insurance premium, Tax saving fixed deposits, PPF, NSC, EPF, Unit Linked Equity Plans (ULIP). One should know combines limit of saving under section 80c is limited to 1.5 Lakhs Per Financial year.
Top 11 Best Performing ELSS Mutual Funds for Investment in FY 22 - 23
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2021 (%) IDFC Tax Advantage (ELSS) Fund Growth ₹97.612
↑ 1.42 ₹3,851 11.5 -0.4 3.4 22.4 13 49.2 Tata India Tax Savings Fund Growth ₹28.2443
↑ 0.45 ₹3,119 11.2 0.2 1.9 15.6 11.2 30.4 Principal Tax Savings Fund Growth ₹332.001
↑ 5.36 ₹969 11.3 1.8 2.2 18.8 11 32.1 L&T Tax Advantage Fund Growth ₹77.979
↑ 1.08 ₹3,254 13.2 -1.6 -1.5 14.1 8.3 30.3 HDFC Long Term Advantage Fund Growth ₹595.168
↑ 0.28 ₹1,318 1.2 15.4 35.5 20.6 17.4 Kotak Tax Saver Fund Growth ₹72.801
↑ 1.18 ₹2,936 11.8 0.7 3.3 18.2 12.9 33.2 Sundaram Diversified Equity Fund Growth ₹150.051
↑ 2.38 ₹1,856 11.4 2.3 2.2 14.9 8.8 31.5 IDBI Equity Advantage Fund Growth ₹38
↑ 0.53 ₹505 12.1 -0.5 -0.5 11.6 9.1 25.6 BOI AXA Tax Advantage Fund Growth ₹97.9
↑ 1.73 ₹645 13.9 0.5 -2.6 23.4 14.4 41.5 BNP Paribas Long Term Equity Fund (ELSS) Growth ₹57.0115
↑ 0.94 ₹701 9.5 -3 -4.9 12.8 9.5 23.6 Invesco India Tax Plan Growth ₹76.52
↑ 1.29 ₹1,903 9.8 -5.1 -7.7 14.5 11.4 32.6 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 30 Sep 22
*Above is list of top ELSS (Equity Linked Saving Scheme) having AUM/Net Assets above than 500 Crore and having fund age >= 3 years.
The investment objective of the Scheme is to seek to generate long term capital growth from a diversified portfolio of predominantly equity and equity related securities. There can be no assurance that the investment objective of the scheme will be realised. IDFC Tax Advantage (ELSS) Fund is a Equity - ELSS fund was launched on 26 Dec 08. It is a fund with Moderately High risk and has given a Below is the key information for IDFC Tax Advantage (ELSS) Fund Returns up to 1 year are on To provide medium to long term capital gains along with income tax relief to its Unitholders, while at all times emphasising the importance of capital appreciation.. Tata India Tax Savings Fund is a Equity - ELSS fund was launched on 13 Oct 14. It is a fund with Moderately High risk and has given a Below is the key information for Tata India Tax Savings Fund Returns up to 1 year are on To build a high quality growth-oriented portfolio to provide long-term capital gains to the investors, the scheme aims at providing returns through capital appreciation. Principal Tax Savings Fund is a Equity - ELSS fund was launched on 31 Mar 96. It is a fund with Moderately High risk and has given a Below is the key information for Principal Tax Savings Fund Returns up to 1 year are on To generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities. L&T Tax Advantage Fund is a Equity - ELSS fund was launched on 27 Feb 06. It is a fund with Moderately High risk and has given a Below is the key information for L&T Tax Advantage Fund Returns up to 1 year are on To generate long term capital appreciation from a portfolio that is predominantly in equity and equity related instruments HDFC Long Term Advantage Fund is a Equity - ELSS fund was launched on 2 Jan 01. It is a fund with Moderately High risk and has given a Below is the key information for HDFC Long Term Advantage Fund Returns up to 1 year are on The investment objective of the scheme is to generate 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 achieve capital appreciation by investing
predominantly in equities and equity-related
instruments. A three-year lock-in period shall
apply in line with the regulation for ELSS
schemes. Sundaram Diversified Equity Fund is a Equity - ELSS fund was launched on 22 Nov 99. It is a fund with Moderately High risk and has given a Below is the key information for Sundaram Diversified Equity Fund Returns up to 1 year are on The Scheme will seek to invest predominantly in a diversified portfolio of equity and equity related instruments with the objective to provide investors with opportunities for capital appreciation and income along with the benefit of income-tax deduction(under section 80C of the Income-tax Act, 1961) on their investments. Investments in this scheme would be subject to a statutory lock-in of 3 years from the date of allotment to be eligible for income-tax benefits under Section 80C. There can be no assurance that the investment objective under the scheme will be realized. IDBI Equity Advantage Fund is a Equity - ELSS fund was launched on 10 Sep 13. It is a fund with Moderately High risk and has given a Below is the key information for IDBI Equity Advantage Fund Returns up to 1 year are on 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 1. IDFC Tax Advantage (ELSS) Fund
CAGR/Annualized return of 18% since its launch. Ranked 3 in ELSS category. Return for 2021 was 49.2% , 2020 was 18.7% and 2019 was 1.9% . IDFC Tax Advantage (ELSS) Fund
Growth Launch Date 26 Dec 08 NAV (30 Sep 22) ₹97.612 ↑ 1.42 (1.47 %) Net Assets (Cr) ₹3,851 on 31 Aug 22 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.95 Sharpe Ratio 0.4 Information Ratio 0.55 Alpha Ratio 2.67 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 17 ₹10,000 30 Sep 18 ₹10,161 30 Sep 19 ₹10,044 30 Sep 20 ₹10,138 30 Sep 21 ₹17,831 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Sep 22 Duration Returns 1 Month -1.5% 3 Month 11.5% 6 Month -0.4% 1 Year 3.4% 3 Year 22.4% 5 Year 13% 10 Year 15 Year Since launch 18% Historical performance (Yearly) on absolute basis
Year Returns 2021 49.2% 2020 18.7% 2019 1.9% 2018 -9.4% 2017 53.4% 2016 0.4% 2015 6.9% 2014 42.2% 2013 15% 2012 36.2% Fund Manager information for IDFC Tax Advantage (ELSS) Fund
Name Since Tenure Daylynn Pinto 20 Oct 16 5.87 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 31 Aug 22
Equity Sector Allocation
Sector Value Financial Services 27.54% Consumer Cyclical 17.61% Industrials 12.1% Basic Materials 10.14% Technology 9.49% Health Care 7.23% Energy 3.77% Consumer Defensive 3.26% Communication Services 2.64% Asset Allocation
Asset Class Value Cash 6.23% Equity 93.77% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK9% ₹337 Cr 3,800,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY5% ₹209 Cr 1,400,000 State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN5% ₹186 Cr 3,500,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK4% ₹156 Cr 1,050,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE4% ₹145 Cr 550,000 Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS3% ₹122 Cr 2,600,000
↓ -100,000 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Jul 20 | M&M3% ₹118 Cr 900,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL3% ₹102 Cr 1,400,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | 5322153% ₹101 Cr 1,350,000 VRL Logistics Ltd (Industrials)
Equity, Since 30 Nov 15 | VRLLOG2% ₹92 Cr 1,475,000 2. Tata India Tax Savings Fund
CAGR/Annualized return of 13.9% since its launch. Ranked 1 in ELSS category. Return for 2021 was 30.4% , 2020 was 11.9% and 2019 was 13.6% . Tata India Tax Savings Fund
Growth Launch Date 13 Oct 14 NAV (30 Sep 22) ₹28.2443 ↑ 0.45 (1.64 %) Net Assets (Cr) ₹3,119 on 31 Aug 22 Category Equity - ELSS AMC Tata Asset Management Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.8 Sharpe Ratio 0.31 Information Ratio -0.72 Alpha Ratio 1.29 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 17 ₹10,000 30 Sep 18 ₹9,812 30 Sep 19 ₹10,998 30 Sep 20 ₹10,671 30 Sep 21 ₹16,679 Returns for Tata India Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Sep 22 Duration Returns 1 Month -2.6% 3 Month 11.2% 6 Month 0.2% 1 Year 1.9% 3 Year 15.6% 5 Year 11.2% 10 Year 15 Year Since launch 13.9% Historical performance (Yearly) on absolute basis
Year Returns 2021 30.4% 2020 11.9% 2019 13.6% 2018 -8.4% 2017 46% 2016 2.1% 2015 13.3% 2014 2013 2012 Fund Manager information for Tata India Tax Savings Fund
Name Since Tenure Tejas Gutka 9 Mar 21 1.48 Yr. Data below for Tata India Tax Savings Fund as on 31 Aug 22
Equity Sector Allocation
Sector Value Financial Services 38.35% Industrials 17.73% Technology 8.74% Consumer Cyclical 7.45% Energy 5.71% Health Care 5.51% Basic Materials 5.45% Communication Services 4.67% Utility 2.3% Real Estate 1.54% Consumer Defensive 1.17% Asset Allocation
Asset Class Value Cash 1.37% Equity 98.63% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK8% ₹248 Cr 2,800,000 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK6% ₹194 Cr 1,305,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN6% ₹183 Cr 3,450,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE6% ₹178 Cr 675,000 Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY6% ₹173 Cr 1,160,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC5% ₹141 Cr 575,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322154% ₹110 Cr 1,465,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 19 | BHARTIARTL3% ₹93 Cr 1,275,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 16 | LT2% ₹75 Cr 390,000 SBI Life Insurance Company Limited (Financial Services)
Equity, Since 30 Apr 21 | 5407192% ₹70 Cr 525,000 3. Principal Tax Savings Fund
CAGR/Annualized return of 15.9% since its launch. Ranked 8 in ELSS category. Return for 2021 was 32.1% , 2020 was 18.9% and 2019 was 2.5% . Principal Tax Savings Fund
Growth Launch Date 31 Mar 96 NAV (30 Sep 22) ₹332.001 ↑ 5.36 (1.64 %) Net Assets (Cr) ₹969 on 31 Aug 22 Category Equity - ELSS AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.55 Sharpe Ratio 0.37 Information Ratio 0.09 Alpha Ratio 2.12 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 17 ₹10,000 30 Sep 18 ₹10,206 30 Sep 19 ₹10,084 30 Sep 20 ₹10,145 30 Sep 21 ₹16,518 Returns for Principal Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Sep 22 Duration Returns 1 Month -2.3% 3 Month 11.3% 6 Month 1.8% 1 Year 2.2% 3 Year 18.8% 5 Year 11% 10 Year 15 Year Since launch 15.9% Historical performance (Yearly) on absolute basis
Year Returns 2021 32.1% 2020 18.9% 2019 2.5% 2018 -9.2% 2017 48.8% 2016 6.2% 2015 2.7% 2014 49.4% 2013 8.5% 2012 46.5% Fund Manager information for Principal Tax Savings Fund
Name Since Tenure Sudhir Kedia 29 Oct 19 2.84 Yr. Rohit Seksaria 1 Jan 22 0.66 Yr. Data below for Principal Tax Savings Fund as on 31 Aug 22
Equity Sector Allocation
Sector Value Financial Services 39.47% Consumer Cyclical 16.37% Industrials 12.34% Technology 9.59% Health Care 5.37% Energy 4.22% Consumer Defensive 4.03% Basic Materials 3.54% Communication Services 1.76% Real Estate 0.85% Asset Allocation
Asset Class Value Cash 2.43% Equity 97.57% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK10% ₹93 Cr 1,044,215 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK5% ₹50 Cr 335,117 Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY4% ₹43 Cr 288,000 State Bank of India (Financial Services)
Equity, Since 30 Apr 05 | SBIN4% ₹42 Cr 787,020 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 21 | RELIANCE4% ₹41 Cr 155,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFC4% ₹38 Cr 157,000 Ashok Leyland Ltd (Industrials)
Equity, Since 31 Aug 20 | 5004774% ₹37 Cr 2,405,310 Polycab India Ltd (Industrials)
Equity, Since 30 Nov 20 | 5426523% ₹31 Cr 126,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 17 | 5322153% ₹31 Cr 410,005 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Oct 19 | MARUTI3% ₹30 Cr 33,000 4. L&T Tax Advantage Fund
CAGR/Annualized return of 13.2% since its launch. Ranked 7 in ELSS category. Return for 2021 was 30.3% , 2020 was 13.5% and 2019 was 4.6% . L&T Tax Advantage Fund
Growth Launch Date 27 Feb 06 NAV (30 Sep 22) ₹77.979 ↑ 1.08 (1.41 %) Net Assets (Cr) ₹3,254 on 31 Aug 22 Category Equity - ELSS AMC L&T Investment Management Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.97 Sharpe Ratio -0.13 Information Ratio -1.08 Alpha Ratio -6.08 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 17 ₹10,000 30 Sep 18 ₹10,102 30 Sep 19 ₹9,997 30 Sep 20 ₹10,053 30 Sep 21 ₹15,096 Returns for L&T Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Sep 22 Duration Returns 1 Month -1.5% 3 Month 13.2% 6 Month -1.6% 1 Year -1.5% 3 Year 14.1% 5 Year 8.3% 10 Year 15 Year Since launch 13.2% Historical performance (Yearly) on absolute basis
Year Returns 2021 30.3% 2020 13.5% 2019 4.6% 2018 -8.1% 2017 42.3% 2016 8.1% 2015 2.9% 2014 44.8% 2013 6.8% 2012 27.4% Fund Manager information for L&T Tax Advantage Fund
Name Since Tenure Vihang Naik 17 Dec 19 2.71 Yr. Cheenu Gupta 2 Jul 21 1.17 Yr. Data below for L&T Tax Advantage Fund as on 31 Aug 22
Equity Sector Allocation
Sector Value Financial Services 30.06% Consumer Cyclical 22.62% Technology 11.98% Industrials 10.26% Basic Materials 7.35% Consumer Defensive 6.71% Energy 3.85% Health Care 2.86% Utility 1.71% Real Estate 1.61% Asset Allocation
Asset Class Value Cash 0.99% Equity 99.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK10% ₹317 Cr 3,572,500 Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY6% ₹194 Cr 1,297,500
↓ -50,700 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK6% ₹186 Cr 1,249,400 State Bank of India (Financial Services)
Equity, Since 31 Jan 19 | SBIN5% ₹160 Cr 3,005,300 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 21 | RELIANCE4% ₹125 Cr 475,100
↓ -43,200 Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 21 | 5008504% ₹121 Cr 4,240,500
↓ -300,077 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Jul 22 | 5006963% ₹112 Cr 419,300 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Jun 22 | MARUTI3% ₹108 Cr 118,900 Persistent Systems Ltd (Technology)
Equity, Since 31 Jul 21 | PERSISTENT3% ₹97 Cr 276,400 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Jul 21 | 5000343% ₹97 Cr 132,900 5. HDFC Long Term Advantage Fund
CAGR/Annualized return of 21.4% since its launch. Ranked 23 in ELSS category. . HDFC Long Term Advantage Fund
Growth Launch Date 2 Jan 01 NAV (14 Jan 22) ₹595.168 ↑ 0.28 (0.05 %) Net Assets (Cr) ₹1,318 on 30 Nov 21 Category Equity - ELSS AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.25 Sharpe Ratio 2.27 Information Ratio -0.15 Alpha Ratio 1.75 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 17 ₹10,000 30 Sep 18 ₹10,744 30 Sep 19 ₹11,412 30 Sep 20 ₹10,757 30 Sep 21 ₹17,891
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 30 Sep 22 Duration Returns 1 Month 4.4% 3 Month 1.2% 6 Month 15.4% 1 Year 35.5% 3 Year 20.6% 5 Year 17.4% 10 Year 15 Year Since launch 21.4% Historical performance (Yearly) on absolute basis
Year Returns 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 Fund Manager information for HDFC Long Term Advantage Fund
Name Since Tenure Data below for HDFC Long Term Advantage Fund as on 30 Nov 21
Equity Sector Allocation
Sector Value Asset Allocation
Asset Class Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 6. Kotak Tax Saver Fund
CAGR/Annualized return of 12.5% since its launch. Ranked 19 in ELSS category. Return for 2021 was 33.2% , 2020 was 14.9% and 2019 was 12.7% . Kotak Tax Saver Fund
Growth Launch Date 23 Nov 05 NAV (30 Sep 22) ₹72.801 ↑ 1.18 (1.65 %) Net Assets (Cr) ₹2,936 on 31 Aug 22 Category Equity - ELSS AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.15 Sharpe Ratio 0.26 Information Ratio 0.01 Alpha Ratio 0.57 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 17 ₹10,000 30 Sep 18 ₹10,237 30 Sep 19 ₹11,119 30 Sep 20 ₹11,371 30 Sep 21 ₹17,778 Returns for Kotak Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Sep 22 Duration Returns 1 Month -1.9% 3 Month 11.8% 6 Month 0.7% 1 Year 3.3% 3 Year 18.2% 5 Year 12.9% 10 Year 15 Year Since launch 12.5% Historical performance (Yearly) on absolute basis
Year Returns 2021 33.2% 2020 14.9% 2019 12.7% 2018 -3.8% 2017 33.8% 2016 7.5% 2015 1.5% 2014 56.6% 2013 -6.3% 2012 36.2% Fund Manager information for Kotak Tax Saver Fund
Name Since Tenure Harsha Upadhyaya 25 Aug 15 7.02 Yr. Data below for Kotak Tax Saver Fund as on 31 Aug 22
Equity Sector Allocation
Sector Value Financial Services 26.95% Industrials 18.38% Basic Materials 16.03% Consumer Cyclical 11.21% Technology 7.33% Consumer Defensive 6.27% Energy 4.49% Health Care 4.02% Communication Services 1.75% Utility 0.89% Asset Allocation
Asset Class Value Cash 2.68% Equity 97.32% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK8% ₹240 Cr 2,700,000 State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN5% ₹159 Cr 3,000,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE4% ₹132 Cr 500,000 Infosys Ltd (Technology)
Equity, Since 31 Dec 05 | INFY4% ₹119 Cr 800,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 14 | LT4% ₹111 Cr 575,000 ITC Ltd (Consumer Defensive)
Equity, Since 31 Oct 21 | ITC3% ₹99 Cr 3,100,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | 5322153% ₹98 Cr 1,300,000 SRF Ltd (Basic Materials)
Equity, Since 30 Apr 16 | SRF3% ₹92 Cr 360,000
↓ -10,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK3% ₹82 Cr 550,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 18 | TCS2% ₹71 Cr 221,398 7. Sundaram Diversified Equity Fund
CAGR/Annualized return of 16% since its launch. Ranked 14 in ELSS category. Return for 2021 was 31.5% , 2020 was 9.9% and 2019 was 6.2% . Sundaram Diversified Equity Fund
Growth Launch Date 22 Nov 99 NAV (30 Sep 22) ₹150.051 ↑ 2.38 (1.61 %) Net Assets (Cr) ₹1,856 on 31 Aug 22 Category Equity - ELSS AMC Sundaram Asset Management Company Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.14 Sharpe Ratio 0.25 Information Ratio -0.7 Alpha Ratio 0.35 Min Investment 500 Min SIP Investment 250 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 17 ₹10,000 30 Sep 18 ₹9,725 30 Sep 19 ₹10,060 30 Sep 20 ₹9,476 30 Sep 21 ₹14,922 Returns for Sundaram Diversified Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Sep 22 Duration Returns 1 Month -2.8% 3 Month 11.4% 6 Month 2.3% 1 Year 2.2% 3 Year 14.9% 5 Year 8.8% 10 Year 15 Year Since launch 16% Historical performance (Yearly) on absolute basis
Year Returns 2021 31.5% 2020 9.9% 2019 6.2% 2018 -10.6% 2017 38.4% 2016 6.8% 2015 3.1% 2014 45.7% 2013 1.4% 2012 34.5% Fund Manager information for Sundaram Diversified Equity Fund
Name Since Tenure Sudhir Kedia 1 Jan 22 0.67 Yr. Rohit Seksaria 24 Feb 21 1.52 Yr. Data below for Sundaram Diversified Equity Fund as on 31 Aug 22
Equity Sector Allocation
Sector Value Financial Services 40.91% Industrials 14.95% Consumer Cyclical 11.37% Technology 10.41% Consumer Defensive 5.58% Energy 4.86% Health Care 4.33% Basic Materials 4.23% Communication Services 2.16% Real Estate 0.94% Asset Allocation
Asset Class Value Cash 0.26% Equity 99.74% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 11 | ICICIBANK10% ₹181 Cr 2,040,000
↓ -42,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | HDFCBANK6% ₹109 Cr 736,000 State Bank of India (Financial Services)
Equity, Since 31 Aug 20 | SBIN5% ₹91 Cr 1,715,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 12 | RELIANCE5% ₹90 Cr 341,595 Infosys Ltd (Technology)
Equity, Since 30 Nov 16 | INFY5% ₹88 Cr 592,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 May 18 | 5322155% ₹86 Cr 1,145,000
↓ -25,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Jul 19 | HDFC4% ₹67 Cr 272,000 Ashok Leyland Ltd (Industrials)
Equity, Since 31 Jan 22 | 5004773% ₹63 Cr 4,089,762 Polycab India Ltd (Industrials)
Equity, Since 31 Jan 22 | 5426523% ₹57 Cr 229,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 20 | TCS3% ₹53 Cr 165,000 8. IDBI Equity Advantage Fund
CAGR/Annualized return of 15.9% since its launch. Ranked 21 in ELSS category. Return for 2021 was 25.6% , 2020 was 8.4% and 2019 was 5.7% . IDBI Equity Advantage Fund
Growth Launch Date 10 Sep 13 NAV (30 Sep 22) ₹38 ↑ 0.53 (1.41 %) Net Assets (Cr) ₹505 on 31 Aug 22 Category Equity - ELSS AMC IDBI Asset Management Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.39 Sharpe Ratio 0.19 Information Ratio -0.6 Alpha Ratio -0.66 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 17 ₹10,000 30 Sep 18 ₹10,558 30 Sep 19 ₹11,128 30 Sep 20 ₹10,305 30 Sep 21 ₹15,546 30 Sep 22 ₹15,472 Returns for IDBI Equity Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Sep 22 Duration Returns 1 Month -3.5% 3 Month 12.1% 6 Month -0.5% 1 Year -0.5% 3 Year 11.6% 5 Year 9.1% 10 Year 15 Year Since launch 15.9% Historical performance (Yearly) on absolute basis
Year Returns 2021 25.6% 2020 8.4% 2019 5.7% 2018 -1.7% 2017 35.3% 2016 0% 2015 3.1% 2014 71.2% 2013 2012 Fund Manager information for IDBI Equity Advantage Fund
Name Since Tenure Alok Ranjan 16 Aug 21 1.04 Yr. Data below for IDBI Equity Advantage Fund as on 31 Aug 22
Equity Sector Allocation
Sector Value Financial Services 34.24% Industrials 15.07% Basic Materials 14.84% Technology 12.66% Consumer Cyclical 11.2% Energy 4.72% Consumer Defensive 2.95% Health Care 2.08% Communication Services 1.77% Asset Allocation
Asset Class Value Cash 0.46% Equity 99.54% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 20 | ICICIBANK9% ₹47 Cr 528,773 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 20 | HDFCBANK7% ₹37 Cr 247,297 Infosys Ltd (Technology)
Equity, Since 31 Oct 20 | INFY6% ₹29 Cr 192,810 State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN5% ₹24 Cr 446,147 ABB India Ltd (Industrials)
Equity, Since 30 Apr 15 | 5000025% ₹23 Cr 71,781 Reliance Industries Ltd (Energy)
Equity, Since 30 Sep 20 | RELIANCE4% ₹21 Cr 77,980 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 30 Nov 13 | CHOLAFIN4% ₹18 Cr 232,325 Page Industries Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 5328273% ₹17 Cr 3,300 Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 21 | 5322153% ₹16 Cr 213,065 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Sep 20 | HDFC3% ₹14 Cr 56,815 9. BOI AXA Tax Advantage Fund
CAGR/Annualized return of 18.3% since its launch. Ranked 13 in ELSS category. Return for 2021 was 41.5% , 2020 was 31.2% and 2019 was 14.6% . BOI AXA Tax Advantage Fund
Growth Launch Date 25 Feb 09 NAV (30 Sep 22) ₹97.9 ↑ 1.73 (1.80 %) Net Assets (Cr) ₹645 on 31 Aug 22 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.56 Sharpe Ratio -0.21 Information Ratio 0.68 Alpha Ratio -7.28 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 17 ₹10,000 30 Sep 18 ₹9,611 30 Sep 19 ₹10,457 30 Sep 20 ₹12,154 30 Sep 21 ₹20,152 Returns for BOI AXA Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Sep 22 Duration Returns 1 Month -0.8% 3 Month 13.9% 6 Month 0.5% 1 Year -2.6% 3 Year 23.4% 5 Year 14.4% 10 Year 15 Year Since launch 18.3% Historical performance (Yearly) on absolute basis
Year Returns 2021 41.5% 2020 31.2% 2019 14.6% 2018 -16.3% 2017 57.7% 2016 -1.2% 2015 2.1% 2014 44% 2013 9.1% 2012 24.8% Fund Manager information for BOI AXA Tax Advantage Fund
Name Since Tenure Alok Singh 27 Apr 22 0.35 Yr. Data below for BOI AXA Tax Advantage Fund as on 31 Aug 22
Equity Sector Allocation
Sector Value Financial Services 32.19% Consumer Cyclical 19.21% Basic Materials 10.48% Consumer Defensive 8.2% Industrials 7.53% Health Care 5.97% Energy 3.72% Technology 3.69% Utility 3.2% Real Estate 2.23% Communication Services 0.72% Asset Allocation
Asset Class Value Cash 2.86% Equity 97.14% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK7% ₹47 Cr 529,340 State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN6% ₹36 Cr 671,000
↑ 51,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK5% ₹32 Cr 214,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE4% ₹24 Cr 91,009
↓ -6,000 NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | 5325553% ₹21 Cr 1,260,000
↑ 282,141 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 May 22 | M&M3% ₹19 Cr 142,000
↑ 17,000 Varun Beverages Ltd (Consumer Defensive)
Equity, Since 28 Feb 22 | VBL3% ₹17 Cr 168,692 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | KOTAKBANK3% ₹17 Cr 87,607 Schaeffler India Ltd (Consumer Cyclical)
Equity, Since 31 Jan 22 | SCHAEFFLER3% ₹17 Cr 55,000
↑ 4,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 22 | 5322152% ₹15 Cr 204,000
↑ 41,972 10. BNP Paribas Long Term Equity Fund (ELSS)
CAGR/Annualized return of 11% since its launch. Ranked 22 in ELSS category. Return for 2021 was 23.6% , 2020 was 17.8% and 2019 was 14.3% . BNP Paribas Long Term Equity Fund (ELSS)
Growth Launch Date 5 Jan 06 NAV (30 Sep 22) ₹57.0115 ↑ 0.94 (1.67 %) Net Assets (Cr) ₹701 on 31 Aug 22 Category Equity - ELSS AMC BNP Paribas Asset Mgmt India Pvt. Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.41 Sharpe Ratio -0.22 Information Ratio 0 Alpha Ratio 0 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 17 ₹10,000 30 Sep 18 ₹9,642 30 Sep 19 ₹10,985 30 Sep 20 ₹11,110 30 Sep 21 ₹16,577 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 30 Sep 22 Duration Returns 1 Month -2.8% 3 Month 9.5% 6 Month -3% 1 Year -4.9% 3 Year 12.8% 5 Year 9.5% 10 Year 15 Year Since launch 11% Historical performance (Yearly) on absolute basis
Year Returns 2021 23.6% 2020 17.8% 2019 14.3% 2018 -9.3% 2017 42.3% 2016 -6.6% 2015 7.7% 2014 53% 2013 7.7% 2012 34.3% Fund Manager information for BNP Paribas Long Term Equity Fund (ELSS)
Name Since Tenure Sanjay Chawla 14 Mar 22 0.47 Yr. Pratish Krishnan 14 Mar 22 0.47 Yr. Data below for BNP Paribas Long Term Equity Fund (ELSS) as on 31 Aug 22
Equity Sector Allocation
Sector Value Financial Services 34.35% Industrials 11.38% Technology 11.06% Consumer Cyclical 10.98% Energy 6.67% Consumer Defensive 6.15% Health Care 5.35% Communication Services 4.07% Basic Materials 3.56% Real Estate 2.16% Utility 0.65% Asset Allocation
Asset Class Value Cash 3.63% Equity 96.37% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 12 | ICICIBANK9% ₹61 Cr 684,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFCBANK9% ₹60 Cr 405,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 18 | RELIANCE7% ₹47 Cr 177,000
↓ -15,000 Infosys Ltd (Technology)
Equity, Since 31 Mar 09 | INFY6% ₹42 Cr 284,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Jul 18 | HDFC3% ₹20 Cr 80,000 State Bank of India (Financial Services)
Equity, Since 31 Mar 22 | SBIN3% ₹19 Cr 350,000 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Apr 20 | 5006963% ₹18 Cr 68,600 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 20 | LT3% ₹18 Cr 91,500 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Jul 21 | SUNPHARMA2% ₹17 Cr 190,000 Brigade Enterprises Ltd (Real Estate)
Equity, Since 28 Feb 21 | 5329292% ₹15 Cr 295,000 11. Invesco India Tax Plan
CAGR/Annualized return of 13.8% since its launch. Ranked 17 in ELSS category. Return for 2021 was 32.6% , 2020 was 19.2% and 2019 was 9.4% . Invesco India Tax Plan
Growth Launch Date 29 Dec 06 NAV (30 Sep 22) ₹76.52 ↑ 1.29 (1.71 %) Net Assets (Cr) ₹1,903 on 31 Aug 22 Category Equity - ELSS AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.11 Sharpe Ratio -0.23 Information Ratio -0.74 Alpha Ratio -7.72 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 17 ₹10,000 30 Sep 18 ₹11,010 30 Sep 19 ₹11,409 30 Sep 20 ₹11,879 30 Sep 21 ₹18,573 Returns for Invesco India Tax Plan
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Sep 22 Duration Returns 1 Month -3.2% 3 Month 9.8% 6 Month -5.1% 1 Year -7.7% 3 Year 14.5% 5 Year 11.4% 10 Year 15 Year Since launch 13.8% Historical performance (Yearly) on absolute basis
Year Returns 2021 32.6% 2020 19.2% 2019 9.4% 2018 -1.3% 2017 35.7% 2016 3.4% 2015 5.8% 2014 54.3% 2013 10.1% 2012 30.3% Fund Manager information for Invesco India Tax Plan
Name Since Tenure Amit Nigam 3 Sep 20 1.99 Yr. Dhimant Kothari 29 Mar 18 4.43 Yr. Data below for Invesco India Tax Plan as on 31 Aug 22
Equity Sector Allocation
Sector Value Financial Services 33.72% Consumer Cyclical 14.59% Industrials 11.71% Technology 10.71% Basic Materials 6.45% Energy 6.44% Consumer Defensive 4.97% Health Care 4.02% Communication Services 3.36% Utility 2.02% Asset Allocation
Asset Class Value Cash 2.02% Equity 97.98% Top Securities Holdings / Portfolio
Name Holding Value Quantity Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 22 | HDFC9% ₹175 Cr 716,980 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK8% ₹159 Cr 1,790,424 Infosys Ltd (Technology)
Equity, Since 31 Dec 19 | INFY7% ₹137 Cr 915,648 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE6% ₹123 Cr 464,434 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 19 | KOTAKBANK4% ₹71 Cr 372,253 Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | 5322154% ₹69 Cr 917,340 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 21 | BHARTIARTL3% ₹64 Cr 879,708 Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 30 Apr 22 | 5403763% ₹56 Cr 123,883 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Jul 21 | 5000343% ₹50 Cr 68,359
↓ -6,541 KEI Industries Ltd (Industrials)
Equity, Since 30 Apr 21 | 5175693% ₹50 Cr 337,835
↓ -64,853
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.