Table of Contents
Top 11 Equity - ELSS Funds
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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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.
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.
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2022 (%) Tata India Tax Savings Fund Growth ₹28.7379
↓ -0.16 ₹3,192 -3.6 2 0.5 14.2 9.5 5.9 IDFC Tax Advantage (ELSS) Fund Growth ₹99.666
↓ -0.09 ₹4,026 -2.6 3.2 -0.1 21.2 10.6 4.2 Principal Tax Savings Fund Growth ₹332.377
↓ -2.43 ₹965 -4.2 1.1 -0.9 16.9 8.3 4.3 L&T Tax Advantage Fund Growth ₹77.4919
↓ -0.07 ₹3,128 -4.9 1.1 -3.7 11.5 5.8 -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 ₹73.757
↓ -0.54 ₹3,161 -3.5 2.3 1 15.1 11.4 6.9 Sundaram Diversified Equity Fund Growth ₹151.137
↓ -0.83 ₹1,713 -3.8 1.3 0.7 13.3 6.9 4 IDBI Equity Advantage Fund Growth ₹38.17
↑ 0.07 ₹480 -4.5 0.8 -1.9 10.2 7.1 2.2 BOI AXA Tax Advantage Fund Growth ₹97.53
↓ -0.62 ₹693 -4.9 2.4 -2.2 19.2 11.1 -1.3 BNP Paribas Long Term Equity Fund (ELSS) Growth ₹57.0044
↓ -0.13 ₹681 -4.1 -1.1 -6.2 10.5 7.9 -2.1 Invesco India Tax Plan Growth ₹75.41
↑ 0.08 ₹1,892 -5.3 -1.7 -10.5 11.4 8.3 -7.7 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 1 Feb 23
*Above is list of top ELSS
(Equity Linked Saving Scheme) having AUM/Net Assets above than 500 Crore
and having fund age >= 3 years.
To provide medium to long term capital gains along with income tax relief to its Unitholders, while at all times emphasising the importance of capital appreciation.. Tata India Tax Savings Fund is a Equity - ELSS fund was launched on 13 Oct 14. It is a fund with Moderately High risk and has given a Below is the key information for Tata India Tax Savings Fund Returns up to 1 year are on The investment objective of the Scheme is to seek to generate long term capital growth from a diversified portfolio of predominantly equity and equity related securities. There can be no assurance that the investment objective of the scheme will be realised. IDFC Tax Advantage (ELSS) Fund is a Equity - ELSS fund was launched on 26 Dec 08. It is a fund with Moderately High risk and has given a Below is the key information for IDFC Tax Advantage (ELSS) Fund Returns up to 1 year are on 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. Tata India Tax Savings Fund
CAGR/Annualized
return of 13.6% since its launch. Ranked 1 in ELSS
category. Return for 2022 was 5.9% , 2021 was 30.4% and 2020 was 11.9% . Tata India Tax Savings Fund
Growth Launch Date 13 Oct 14 NAV (01 Feb 23) ₹28.7379 ↓ -0.16 (-0.54 %) Net Assets (Cr) ₹3,192 on 31 Dec 22 Category Equity - ELSS AMC Tata Asset Management Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 0 Sharpe Ratio 0.13 Information Ratio -0.52 Alpha Ratio 1.54 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 18 ₹10,000 31 Jan 19 ₹9,207 31 Jan 20 ₹10,540 31 Jan 21 ₹11,667 31 Jan 22 ₹15,464 31 Jan 23 ₹15,799 Returns for Tata India Tax Savings Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 1 Feb 23 Duration Returns 1 Month -3.3% 3 Month -3.6% 6 Month 2% 1 Year 0.5% 3 Year 14.2% 5 Year 9.5% 10 Year 15 Year Since launch 13.6% Historical performance (Yearly) on absolute basis
Year Returns 2022 5.9% 2021 30.4% 2020 11.9% 2019 13.6% 2018 -8.4% 2017 46% 2016 2.1% 2015 13.3% 2014 2013 Fund Manager information for Tata India Tax Savings Fund
Name Since Tenure Tejas Gutka 9 Mar 21 1.82 Yr. Data below for Tata India Tax Savings Fund as on 31 Dec 22
Equity Sector Allocation
Sector Value Financial Services 36.88% Industrials 16.97% Technology 8.64% Consumer Cyclical 8.29% Health Care 5.85% Basic Materials 5.69% Energy 5.39% Communication Services 5.08% Utility 2.31% Consumer Defensive 2.06% Real Estate 1.21% Asset Allocation
Asset Class Value Cash 1.63% Equity 98.37% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK7% ₹212 Cr 1,305,000 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK6% ₹207 Cr 2,325,000 Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY5% ₹175 Cr 1,160,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE5% ₹172 Cr 675,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN5% ₹153 Cr 2,500,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC5% ₹152 Cr 575,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | AXISBANK4% ₹137 Cr 1,465,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 19 | BHARTIARTL3% ₹92 Cr 1,140,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 16 | LT3% ₹81 Cr 390,000 The Federal Bank Ltd (Financial Services)
Equity, Since 31 Oct 21 | FEDERALBNK2% ₹70 Cr 5,000,000 2. IDFC Tax Advantage (ELSS) Fund
CAGR/Annualized
return of 17.7% since its launch. Ranked 3 in ELSS
category. Return for 2022 was 4.2% , 2021 was 49.2% and 2020 was 18.7% . IDFC Tax Advantage (ELSS) Fund
Growth Launch Date 26 Dec 08 NAV (01 Feb 23) ₹99.666 ↓ -0.09 (-0.09 %) Net Assets (Cr) ₹4,026 on 31 Dec 22 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.95 Sharpe Ratio 0.03 Information Ratio 0.72 Alpha Ratio -0.51 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 18 ₹10,000 31 Jan 19 ₹8,614 31 Jan 20 ₹9,289 31 Jan 21 ₹10,943 31 Jan 22 ₹16,319 31 Jan 23 ₹16,535 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 1 Feb 23 Duration Returns 1 Month -1.8% 3 Month -2.6% 6 Month 3.2% 1 Year -0.1% 3 Year 21.2% 5 Year 10.6% 10 Year 15 Year Since launch 17.7% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.2% 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% Fund Manager information for IDFC Tax Advantage (ELSS) Fund
Name Since Tenure Daylynn Pinto 20 Oct 16 6.2 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 31 Dec 22
Equity Sector Allocation
Sector Value Financial Services 28.12% Consumer Cyclical 15.31% Industrials 12.65% Basic Materials 9.92% Technology 9.43% Health Care 6.36% Energy 3.8% Consumer Defensive 3.34% Communication Services 2.8% Utility 1.36% Asset Allocation
Asset Class Value Cash 6.9% Equity 93.1% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK8% ₹339 Cr 3,800,000 State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN5% ₹215 Cr 3,500,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY5% ₹204 Cr 1,350,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK4% ₹171 Cr 1,050,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE4% ₹153 Cr 600,000
↑ 50,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | AXISBANK3% ₹131 Cr 1,400,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL3% ₹113 Cr 1,400,000 Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS3% ₹101 Cr 2,600,000 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Jul 20 | M&M2% ₹100 Cr 800,000 Jindal Steel & Power Ltd (Basic Materials)
Equity, Since 31 Mar 18 | JINDALSTEL2% ₹99 Cr 1,700,000
↓ -50,000 3. Principal Tax Savings Fund
CAGR/Annualized
return of 15.7% since its launch. Ranked 8 in ELSS
category. Return for 2022 was 4.3% , 2021 was 32.1% and 2020 was 18.9% . Principal Tax Savings Fund
Growth Launch Date 31 Mar 96 NAV (01 Feb 23) ₹332.377 ↓ -2.43 (-0.73 %) Net Assets (Cr) ₹965 on 31 Dec 22 Category Equity - ELSS AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.44 Sharpe Ratio 0.02 Information Ratio 0.16 Alpha Ratio -0.07 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 18 ₹10,000 31 Jan 19 ₹8,799 31 Jan 20 ₹9,270 31 Jan 21 ₹10,907 31 Jan 22 ₹14,788 31 Jan 23 ₹14,914 Returns for Principal Tax Savings Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 1 Feb 23 Duration Returns 1 Month -2.4% 3 Month -4.2% 6 Month 1.1% 1 Year -0.9% 3 Year 16.9% 5 Year 8.3% 10 Year 15 Year Since launch 15.7% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.3% 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% Fund Manager information for Principal Tax Savings Fund
Name Since Tenure Sudhir Kedia 29 Oct 19 3.18 Yr. Rohit Seksaria 1 Jan 22 1 Yr. Data below for Principal Tax Savings Fund as on 31 Dec 22
Equity Sector Allocation
Sector Value Financial Services 40.65% Consumer Cyclical 14.38% Industrials 12.46% Technology 9.84% Energy 4.62% Health Care 4.5% Consumer Defensive 4.39% Basic Materials 3.53% Communication Services 1.5% Real Estate 1.04% Asset Allocation
Asset Class Value Cash 2.84% Equity 97.16% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK8% ₹77 Cr 861,000
↓ -74,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK6% ₹55 Cr 335,117 State Bank of India (Financial Services)
Equity, Since 30 Apr 05 | SBIN5% ₹47 Cr 770,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 21 | RELIANCE5% ₹45 Cr 175,000 Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY5% ₹43 Cr 288,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFC4% ₹41 Cr 157,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 17 | AXISBANK4% ₹38 Cr 410,005 Ashok Leyland Ltd (Industrials)
Equity, Since 31 Aug 20 | 5004774% ₹34 Cr 2,405,310 Polycab India Ltd (Industrials)
Equity, Since 30 Nov 20 | POLYCAB3% ₹27 Cr 106,000
↓ -10,000 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Oct 19 | MARUTI3% ₹27 Cr 32,000 4. L&T Tax Advantage Fund
CAGR/Annualized
return of 12.9% since its launch. Ranked 7 in ELSS
category. Return for 2022 was -3% , 2021 was 30.3% and 2020 was 13.5% . L&T Tax Advantage Fund
Growth Launch Date 27 Feb 06 NAV (01 Feb 23) ₹77.4919 ↓ -0.07 (-0.09 %) Net Assets (Cr) ₹3,128 on 31 Dec 22 Category Equity - ELSS AMC L&T Investment Management Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.97 Sharpe Ratio -0.39 Information Ratio -0.95 Alpha Ratio -7.1 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 18 ₹10,000 31 Jan 19 ₹8,737 31 Jan 20 ₹9,590 31 Jan 21 ₹10,444 31 Jan 22 ₹13,607 31 Jan 23 ₹13,295 Returns for L&T Tax Advantage Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 1 Feb 23 Duration Returns 1 Month -2.3% 3 Month -4.9% 6 Month 1.1% 1 Year -3.7% 3 Year 11.5% 5 Year 5.8% 10 Year 15 Year Since launch 12.9% Historical performance (Yearly) on absolute basis
Year Returns 2022 -3% 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% Fund Manager information for L&T Tax Advantage Fund
Name Since Tenure Gautam Bhupal 25 Nov 22 0.1 Yr. Cheenu Gupta 2 Jul 21 1.5 Yr. Data below for L&T Tax Advantage Fund as on 31 Dec 22
Equity Sector Allocation
Sector Value Financial Services 32.77% Consumer Cyclical 20.49% Industrials 11.96% Technology 11.9% Consumer Defensive 6.21% Basic Materials 5.03% Health Care 3.19% Energy 3.12% Utility 1.81% Real Estate 0.98% Asset Allocation
Asset Class Value Cash 2.53% Equity 97.47% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK7% ₹233 Cr 2,619,900 State Bank of India (Financial Services)
Equity, Since 31 Jan 19 | SBIN6% ₹193 Cr 3,140,300 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK6% ₹186 Cr 1,140,100 Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY5% ₹154 Cr 1,023,800 Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 21 | INDHOTEL4% ₹135 Cr 4,240,500 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jul 22 | LT4% ₹112 Cr 538,300 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Jul 22 | HINDUNILVR3% ₹107 Cr 419,300 Persistent Systems Ltd (Technology)
Equity, Since 31 Jul 21 | PERSISTENT3% ₹107 Cr 276,400 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 21 | RELIANCE3% ₹98 Cr 383,700
↓ -60,500 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Dec 21 | CHOLAFIN3% ₹81 Cr 1,114,400 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 31 Jan 18 ₹10,000 31 Jan 19 ₹9,371 31 Jan 20 ₹10,280 31 Jan 21 ₹11,480
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 1 Feb 23 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 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 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 12.3% since its launch. Ranked 19 in ELSS
category. Return for 2022 was 6.9% , 2021 was 33.2% and 2020 was 14.9% . Kotak Tax Saver Fund
Growth Launch Date 23 Nov 05 NAV (01 Feb 23) ₹73.757 ↓ -0.54 (-0.73 %) Net Assets (Cr) ₹3,161 on 31 Dec 22 Category Equity - ELSS AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 1.97 Sharpe Ratio 0.19 Information Ratio 0.1 Alpha Ratio 2.47 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 18 ₹10,000 31 Jan 19 ₹9,575 31 Jan 20 ₹11,296 31 Jan 21 ₹12,539 31 Jan 22 ₹16,785 31 Jan 23 ₹17,355 Returns for Kotak Tax Saver Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 1 Feb 23 Duration Returns 1 Month -3.7% 3 Month -3.5% 6 Month 2.3% 1 Year 1% 3 Year 15.1% 5 Year 11.4% 10 Year 15 Year Since launch 12.3% Historical performance (Yearly) on absolute basis
Year Returns 2022 6.9% 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% Fund Manager information for Kotak Tax Saver Fund
Name Since Tenure Harsha Upadhyaya 25 Aug 15 7.36 Yr. Data below for Kotak Tax Saver Fund as on 31 Dec 22
Equity Sector Allocation
Sector Value Financial Services 27.53% Industrials 16.93% Basic Materials 15.92% Consumer Cyclical 11.47% Consumer Defensive 7.61% Technology 6.1% Health Care 4.09% Energy 4.03% Utility 2.06% Communication Services 1.87% Asset Allocation
Asset Class Value Cash 2.39% Equity 97.61% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK7% ₹232 Cr 2,600,000 State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN6% ₹184 Cr 3,000,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | AXISBANK5% ₹168 Cr 1,800,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE4% ₹127 Cr 500,000 Infosys Ltd (Technology)
Equity, Since 31 Dec 05 | INFY4% ₹121 Cr 800,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 14 | LT4% ₹120 Cr 575,000 ITC Ltd (Consumer Defensive)
Equity, Since 31 Oct 21 | ITC3% ₹103 Cr 3,100,000 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 21 | MARUTI3% ₹97 Cr 115,000
↑ 15,000 SRF Ltd (Basic Materials)
Equity, Since 30 Apr 16 | SRF3% ₹82 Cr 360,000 Jindal Steel & Power Ltd (Basic Materials)
Equity, Since 28 Feb 18 | JINDALSTEL2% ₹78 Cr 1,350,000 7. Sundaram Diversified Equity Fund
CAGR/Annualized
return of 15.8% since its launch. Ranked 14 in ELSS
category. Return for 2022 was 4% , 2021 was 31.5% and 2020 was 9.9% . Sundaram Diversified Equity Fund
Growth Launch Date 22 Nov 99 NAV (01 Feb 23) ₹151.137 ↓ -0.83 (-0.55 %) Net Assets (Cr) ₹1,713 on 31 Dec 22 Category Equity - ELSS AMC Sundaram Asset Management Company Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.1 Sharpe Ratio 0.01 Information Ratio -0.73 Alpha Ratio -0.34 Min Investment 500 Min SIP Investment 250 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 18 ₹10,000 31 Jan 19 ₹8,800 31 Jan 20 ₹9,668 31 Jan 21 ₹10,332 31 Jan 22 ₹13,759 31 Jan 23 ₹14,140 Returns for Sundaram Diversified Equity Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 1 Feb 23 Duration Returns 1 Month -2% 3 Month -3.8% 6 Month 1.3% 1 Year 0.7% 3 Year 13.3% 5 Year 6.9% 10 Year 15 Year Since launch 15.8% Historical performance (Yearly) on absolute basis
Year Returns 2022 4% 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% Fund Manager information for Sundaram Diversified Equity Fund
Name Since Tenure Sudhir Kedia 1 Jan 22 1 Yr. Rohit Seksaria 24 Feb 21 1.85 Yr. Data below for Sundaram Diversified Equity Fund as on 31 Dec 22
Equity Sector Allocation
Sector Value Financial Services 41.42% Industrials 14.77% Technology 11.2% Consumer Cyclical 10.59% Consumer Defensive 5.57% Energy 5.08% Basic Materials 4.21% Health Care 3.38% Communication Services 1.83% Real Estate 1.13% Asset Allocation
Asset Class Value Cash 0.64% Equity 99.36% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 11 | ICICIBANK8% ₹136 Cr 1,525,000
↓ -174,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | HDFCBANK7% ₹116 Cr 714,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 12 | RELIANCE5% ₹87 Cr 341,595 Infosys Ltd (Technology)
Equity, Since 30 Nov 16 | INFY5% ₹86 Cr 570,000 State Bank of India (Financial Services)
Equity, Since 31 Aug 20 | SBIN5% ₹85 Cr 1,390,000
↓ -60,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Jul 19 | HDFC4% ₹72 Cr 272,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 May 18 | AXISBANK4% ₹69 Cr 739,000
↓ -95,000 Ashok Leyland Ltd (Industrials)
Equity, Since 31 Jan 22 | 5004773% ₹59 Cr 4,089,762 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 20 | TCS3% ₹54 Cr 165,000 Polycab India Ltd (Industrials)
Equity, Since 31 Jan 22 | POLYCAB3% ₹49 Cr 191,000
↓ -18,000 8. IDBI Equity Advantage Fund
CAGR/Annualized
return of 15.3% since its launch. Ranked 21 in ELSS
category. Return for 2022 was 2.2% , 2021 was 25.6% and 2020 was 8.4% . IDBI Equity Advantage Fund
Growth Launch Date 10 Sep 13 NAV (01 Feb 23) ₹38.17 ↑ 0.07 (0.18 %) Net Assets (Cr) ₹480 on 31 Dec 22 Category Equity - ELSS AMC IDBI Asset Management Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.39 Sharpe Ratio -0.09 Information Ratio -0.81 Alpha Ratio -1.93 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 18 ₹10,000 31 Jan 19 ₹9,362 31 Jan 20 ₹10,635 31 Jan 21 ₹11,105 31 Jan 22 ₹14,323 31 Jan 23 ₹14,222 Returns for IDBI Equity Advantage Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 1 Feb 23 Duration Returns 1 Month -2.7% 3 Month -4.5% 6 Month 0.8% 1 Year -1.9% 3 Year 10.2% 5 Year 7.1% 10 Year 15 Year Since launch 15.3% Historical performance (Yearly) on absolute basis
Year Returns 2022 2.2% 2021 25.6% 2020 8.4% 2019 5.7% 2018 -1.7% 2017 35.3% 2016 0% 2015 3.1% 2014 71.2% 2013 Fund Manager information for IDBI Equity Advantage Fund
Name Since Tenure Alok Ranjan 16 Aug 21 1.38 Yr. Data below for IDBI Equity Advantage Fund as on 31 Dec 22
Equity Sector Allocation
Sector Value Financial Services 37.36% Basic Materials 14.44% Industrials 13.69% Technology 11.77% Consumer Cyclical 9.98% Energy 4.83% Consumer Defensive 2.62% Health Care 1.87% Communication Services 1.06% Asset Allocation
Asset Class Value Cash 2.38% Equity 97.62% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 20 | ICICIBANK9% ₹42 Cr 475,423 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 20 | HDFCBANK8% ₹40 Cr 247,297 State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN6% ₹27 Cr 446,147 Infosys Ltd (Technology)
Equity, Since 31 Oct 20 | INFY5% ₹24 Cr 159,800
↓ -33,010 Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 21 | AXISBANK4% ₹20 Cr 213,065 Reliance Industries Ltd (Energy)
Equity, Since 30 Sep 20 | RELIANCE4% ₹20 Cr 77,980 ABB India Ltd (Industrials)
Equity, Since 30 Apr 15 | ABB4% ₹19 Cr 71,781 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 30 Nov 13 | CHOLAFIN3% ₹17 Cr 232,325 HCL Technologies Ltd (Technology)
Equity, Since 31 May 20 | HCLTECH3% ₹15 Cr 146,618 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Sep 20 | HDFC3% ₹15 Cr 56,815 9. BOI AXA Tax Advantage Fund
CAGR/Annualized
return of 17.8% since its launch. Ranked 13 in ELSS
category. Return for 2022 was -1.3% , 2021 was 41.5% and 2020 was 31.2% . BOI AXA Tax Advantage Fund
Growth Launch Date 25 Feb 09 NAV (01 Feb 23) ₹97.53 ↓ -0.62 (-0.63 %) Net Assets (Cr) ₹693 on 31 Dec 22 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.54 Sharpe Ratio -0.3 Information Ratio 0.6 Alpha Ratio -5.83 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 18 ₹10,000 31 Jan 19 ₹8,154 31 Jan 20 ₹10,084 31 Jan 21 ₹12,419 31 Jan 22 ₹17,256 31 Jan 23 ₹17,207 Returns for BOI AXA Tax Advantage Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 1 Feb 23 Duration Returns 1 Month -4.2% 3 Month -4.9% 6 Month 2.4% 1 Year -2.2% 3 Year 19.2% 5 Year 11.1% 10 Year 15 Year Since launch 17.8% Historical performance (Yearly) on absolute basis
Year Returns 2022 -1.3% 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% Fund Manager information for BOI AXA Tax Advantage Fund
Name Since Tenure Alok Singh 27 Apr 22 0.68 Yr. Data below for BOI AXA Tax Advantage Fund as on 31 Dec 22
Equity Sector Allocation
Sector Value Financial Services 38.39% Consumer Cyclical 13.78% Industrials 11% Basic Materials 9.71% Consumer Defensive 7.59% Health Care 6.01% Energy 4.22% Technology 3.48% Utility 3.03% Real Estate 1.88% Communication Services 0.74% Asset Allocation
Asset Class Value Cash 0.17% Equity 99.83% Top Securities Holdings / Portfolio
Name Holding Value Quantity State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN7% ₹47 Cr 770,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK7% ₹47 Cr 529,340 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK6% ₹43 Cr 265,000
↑ 21,000 Canara Bank (Financial Services)
Equity, Since 31 Aug 22 | CANBK4% ₹30 Cr 895,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE3% ₹23 Cr 91,009 NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | NTPC3% ₹21 Cr 1,260,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 22 | AXISBANK3% ₹19 Cr 204,000 UltraTech Cement Ltd (Basic Materials)
Equity, Since 30 Apr 22 | 5325382% ₹16 Cr 23,000
↑ 4,000 Balrampur Chini Mills Ltd (Consumer Defensive)
Equity, Since 30 Apr 22 | BALRAMCHIN2% ₹16 Cr 396,000 ITC Ltd (Consumer Defensive)
Equity, Since 31 May 22 | ITC2% ₹16 Cr 473,223 10. BNP Paribas Long Term Equity Fund (ELSS)
CAGR/Annualized
return of 10.7% since its launch. Ranked 22 in ELSS
category. Return for 2022 was -2.1% , 2021 was 23.6% and 2020 was 17.8% . BNP Paribas Long Term Equity Fund (ELSS)
Growth Launch Date 5 Jan 06 NAV (01 Feb 23) ₹57.0044 ↓ -0.13 (-0.23 %) Net Assets (Cr) ₹681 on 31 Dec 22 Category Equity - ELSS AMC BNP Paribas Asset Mgmt India Pvt. Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.38 Sharpe Ratio -0.41 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 31 Jan 18 ₹10,000 31 Jan 19 ₹9,159 31 Jan 20 ₹10,849 31 Jan 21 ₹12,303 31 Jan 22 ₹15,396 31 Jan 23 ₹14,663 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 1 Feb 23 Duration Returns 1 Month -2.8% 3 Month -4.1% 6 Month -1.1% 1 Year -6.2% 3 Year 10.5% 5 Year 7.9% 10 Year 15 Year Since launch 10.7% Historical performance (Yearly) on absolute basis
Year Returns 2022 -2.1% 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% Fund Manager information for BNP Paribas Long Term Equity Fund (ELSS)
Name Since Tenure Sanjay Chawla 14 Mar 22 0.8 Yr. Pratish Krishnan 14 Mar 22 0.8 Yr. Miten Vora 1 Dec 22 0.08 Yr. Data below for BNP Paribas Long Term Equity Fund (ELSS) as on 31 Dec 22
Equity Sector Allocation
Sector Value Financial Services 35.35% Consumer Cyclical 12.45% Technology 10% Industrials 8.43% Basic Materials 6.18% Health Care 5.44% Consumer Defensive 4.77% Communication Services 4.61% Energy 4.37% Utility 2.76% Real Estate 2.66% Asset Allocation
Asset Class Value Cash 2.97% Equity 97.03% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFCBANK10% ₹66 Cr 405,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 12 | ICICIBANK7% ₹48 Cr 544,000
↓ -50,000 Infosys Ltd (Technology)
Equity, Since 31 Mar 09 | INFY6% ₹41 Cr 270,000
↓ -14,000 State Bank of India (Financial Services)
Equity, Since 31 Mar 22 | SBIN5% ₹33 Cr 530,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 18 | RELIANCE4% ₹30 Cr 117,000 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Jul 18 | 5325383% ₹22 Cr 32,250 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | AXISBANK3% ₹20 Cr 219,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 20 | LT3% ₹19 Cr 91,500 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Apr 20 | HINDUNILVR3% ₹18 Cr 68,600 Five-Star Business Finance Ltd (Financial Services)
Equity, Since 30 Nov 22 | FIVESTAR2% ₹17 Cr 272,536
↓ -1,070 11. Invesco India Tax Plan
CAGR/Annualized
return of 13.4% since its launch. Ranked 17 in ELSS
category. Return for 2022 was -7.7% , 2021 was 32.6% and 2020 was 19.2% . Invesco India Tax Plan
Growth Launch Date 29 Dec 06 NAV (01 Feb 23) ₹75.41 ↑ 0.08 (0.11 %) Net Assets (Cr) ₹1,892 on 31 Dec 22 Category Equity - ELSS AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.11 Sharpe Ratio -0.7 Information Ratio -0.86 Alpha Ratio -12.53 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 18 ₹10,000 31 Jan 19 ₹9,482 31 Jan 20 ₹10,747 31 Jan 21 ₹12,423 31 Jan 22 ₹16,401 31 Jan 23 ₹14,849 Returns for Invesco India Tax Plan
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 1 Feb 23 Duration Returns 1 Month -3.5% 3 Month -5.3% 6 Month -1.7% 1 Year -10.5% 3 Year 11.4% 5 Year 8.3% 10 Year 15 Year Since launch 13.4% Historical performance (Yearly) on absolute basis
Year Returns 2022 -7.7% 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% Fund Manager information for Invesco India Tax Plan
Name Since Tenure Amit Nigam 3 Sep 20 2.33 Yr. Dhimant Kothari 29 Mar 18 4.76 Yr. Data below for Invesco India Tax Plan as on 31 Dec 22
Equity Sector Allocation
Sector Value Financial Services 32.14% Technology 12.98% Industrials 11.6% Consumer Cyclical 9.83% Consumer Defensive 7.86% Basic Materials 7.5% Energy 6.25% Health Care 4.57% Utility 3.38% Communication Services 2.52% Asset Allocation
Asset Class Value Cash 1.38% Equity 98.62% Top Securities Holdings / Portfolio
Name Holding Value Quantity Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 22 | HDFC10% ₹190 Cr 720,597
↓ -22,052 Infosys Ltd (Technology)
Equity, Since 31 Dec 19 | INFY8% ₹143 Cr 946,733 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE6% ₹118 Cr 464,434 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK6% ₹117 Cr 1,310,060 Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | AXISBANK3% ₹63 Cr 672,570 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Mar 21 | ULTRACEMCO3% ₹57 Cr 81,940
↑ 19,422 LTIMindtree Ltd (Technology)
Equity, Since 30 Apr 22 | LTIM3% ₹54 Cr 123,552
↑ 8,887 Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 30 Apr 22 | DMART3% ₹50 Cr 123,883 KEI Industries Ltd (Industrials)
Equity, Since 30 Apr 21 | KEI3% ₹49 Cr 337,835 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 21 | BHARTIARTL3% ₹48 Cr 590,699
↓ -52,449
Know Your SIP Returns
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.
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).
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.
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Nice article. Highly recommended for guys who are looking to save tax under section 80c.