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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
- Principal Tax Savings Fund
- L&T Tax Advantage Fund
- BOI AXA Tax Advantage Fund
- BNP Paribas Long Term Equity Fund (ELSS)
- Kotak Tax Saver Fund
- Invesco India Tax Plan
- HDFC Long Term Advantage Fund
- Sundaram Diversified Equity Fund
- IDBI Equity Advantage 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 ₹60.71
↑ 0.56 ₹2,235 10.3 46.5 10.5 1.9 9.7 1.9 Tata India Tax Savings Fund Growth ₹20.1445
↑ 0.05 ₹2,117 10.7 36.8 4.8 4.2 10.8 13.6 Principal Tax Savings Fund Growth ₹229.3
↑ 0.23 ₹408 10.9 38.9 10.8 1.6 10.2 2.5 L&T Tax Advantage Fund Growth ₹59.383
↑ 0.42 ₹3,109 11.4 37.5 8.1 2.1 9.7 4.6 BOI AXA Tax Advantage Fund Growth ₹68.34
↑ 0.91 ₹319 12.7 43.3 25.2 7.7 12.9 14.6 BNP Paribas Long Term Equity Fund (ELSS) Growth ₹45.41
↑ 0.09 ₹453 9.8 33.3 11.3 5.7 9.1 14.3 Kotak Tax Saver Fund Growth ₹50.776
↑ 0.34 ₹1,312 12.3 37.4 9.7 6.1 11 12.7 Invesco India Tax Plan Growth ₹59.33
↑ 0.37 ₹1,154 10.6 36.1 11.5 7 11.1 9.4 HDFC Long Term Advantage Fund Growth ₹388.076
↑ 0.30 ₹1,120 10.2 40.1 4.7 4.1 11 10.1 Sundaram Diversified Equity Fund Growth ₹105.357
↑ 0.78 ₹2,173 11 39.2 2.9 0.2 7.5 6.2 IDBI Equity Advantage Fund Growth ₹28.73
↑ 0.27 ₹478 11 28.1 3.1 2.8 7.4 5.7 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 27 Nov 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 build a high quality growth-oriented portfolio to provide long-term capital gains to the investors, the scheme aims at providing returns through capital appreciation. Principal Tax Savings Fund is a Equity - ELSS fund was launched on 31 Mar 96. It is a fund with Moderately High risk and has given a Below is the key information for Principal Tax Savings Fund Returns up to 1 year are on To generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities. L&T Tax Advantage Fund is a Equity - ELSS fund was launched on 27 Feb 06. It is a fund with Moderately High risk and has given a Below is the key information for L&T Tax Advantage Fund Returns up to 1 year are on The 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 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 The investment objective of the Scheme is to generate long term capital growth from a diversified portfolio of predominantly equity and equity-related securities. Invesco India Tax Plan is a Equity - ELSS fund was launched on 29 Dec 06. It is a fund with Moderately High risk and has given a Below is the key information for Invesco India Tax Plan Returns up to 1 year are on To generate long term capital appreciation from a portfolio that is predominantly in equity and equity related instruments HDFC Long Term Advantage Fund is a Equity - ELSS fund was launched on 2 Jan 01. It is a fund with Moderately High risk and has given a Below is the key information for HDFC Long Term Advantage Fund Returns up to 1 year are on 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 1. IDFC Tax Advantage (ELSS) Fund
CAGR/Annualized return of 16.3% 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 (27 Nov 20) ₹60.71 ↑ 0.56 (0.93 %) Net Assets (Cr) ₹2,235 on 31 Oct 20 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 0.68 Sharpe Ratio 0.07 Information Ratio -0.73 Alpha Ratio 2.1 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Oct 15 ₹10,000 31 Oct 16 ₹11,286 31 Oct 17 ₹14,750 31 Oct 18 ₹13,814 31 Oct 19 ₹14,371 31 Oct 20 ₹14,289 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Nov 20 Duration Returns 1 Month 10.8% 3 Month 10.3% 6 Month 46.5% 1 Year 10.5% 3 Year 1.9% 5 Year 9.7% 10 Year 15 Year Since launch 16.3% 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 4.03 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 31 Oct 20
Equity Sector Allocation
Sector Value Financial Services 19.87% Consumer Cyclical 14.54% Technology 13.2% Industrials 12.7% Basic Materials 11% Health Care 10.74% Energy 6.48% Consumer Defensive 5.3% Communication Services 3.49% Utility 0.32% Asset Allocation
Asset Class Value Cash 2.34% Equity 97.66% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY6% ₹143 Cr 1,350,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK6% ₹141 Cr 3,600,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE5% ₹113 Cr 550,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK4% ₹95 Cr 800,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL3% ₹78 Cr 1,800,000
↑ 100,000 Deepak Nitrite Ltd (Basic Materials)
Equity, Since 31 Mar 17 | 5064013% ₹74 Cr 1,000,000 Ipca Laboratories Ltd (Healthcare)
Equity, Since 30 Nov 18 | 5244943% ₹67 Cr 290,000 KEC International Ltd (Industrials)
Equity, Since 30 Sep 15 | 5327143% ₹59 Cr 1,800,000 ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 20 | ITC3% ₹56 Cr 3,400,000 Mastek Ltd (Technology)
Equity, Since 31 Jan 17 | 5237042% ₹56 Cr 645,000
↑ 30,000 2. Tata India Tax Savings Fund
CAGR/Annualized return of 12.1% 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 (27 Nov 20) ₹20.1445 ↑ 0.05 (0.27 %) Net Assets (Cr) ₹2,117 on 31 Oct 20 Category Equity - ELSS AMC Tata Asset Management Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.97 Sharpe Ratio -0.12 Information Ratio -0.83 Alpha Ratio -4.08 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Oct 15 ₹10,000 31 Oct 16 ₹11,647 31 Oct 17 ₹14,453 31 Oct 18 ₹13,328 31 Oct 19 ₹15,711 31 Oct 20 ₹15,070 Returns for Tata India Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Nov 20 Duration Returns 1 Month 9.3% 3 Month 10.7% 6 Month 36.8% 1 Year 4.8% 3 Year 4.2% 5 Year 10.8% 10 Year 15 Year Since launch 12.1% 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 5.59 Yr. Ennette Fernandes 18 Jun 18 2.37 Yr. Data below for Tata India Tax Savings Fund as on 31 Oct 20
Equity Sector Allocation
Sector Value Financial Services 31.16% Energy 15.7% Technology 13.29% Consumer Cyclical 9.65% Health Care 9.39% Basic Materials 6.33% Industrials 6.3% Communication Services 4.3% Consumer Defensive 1.97% Real Estate 0.62% Asset Allocation
Asset Class Value Cash 1.42% Equity 98.73% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE13% ₹265 Cr 1,290,000
↓ -70,000 Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY10% ₹209 Cr 1,970,000 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK8% ₹178 Cr 1,500,000 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK8% ₹161 Cr 4,100,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN5% ₹101 Cr 5,325,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 19 | BHARTIARTL4% ₹91 Cr 2,100,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC4% ₹90 Cr 470,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322153% ₹71 Cr 1,450,000
↑ 350,000 Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 17 | DIVISLAB3% ₹63 Cr 200,000 Jubilant Foodworks Ltd (Consumer Cyclical)
Equity, Since 31 Jul 18 | JUBLFOOD3% ₹61 Cr 280,000 3. Principal Tax Savings Fund
CAGR/Annualized return of 15.5% 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 (27 Nov 20) ₹229.3 ↑ 0.23 (0.10 %) Net Assets (Cr) ₹408 on 31 Oct 20 Category Equity - ELSS AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.56 Sharpe Ratio 0.04 Information Ratio -1.16 Alpha Ratio 0.47 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Oct 15 ₹10,000 31 Oct 16 ₹11,774 31 Oct 17 ₹15,333 31 Oct 18 ₹14,004 31 Oct 19 ₹14,542 31 Oct 20 ₹14,677 Returns for Principal Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Nov 20 Duration Returns 1 Month 9.5% 3 Month 10.9% 6 Month 38.9% 1 Year 10.8% 3 Year 1.6% 5 Year 10.2% 10 Year 15 Year Since launch 15.5% 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 1.01 Yr. Data below for Principal Tax Savings Fund as on 31 Oct 20
Equity Sector Allocation
Sector Value Financial Services 31.57% Technology 11.51% Consumer Defensive 10.26% Energy 8.57% Health Care 7.79% Consumer Cyclical 7.69% Industrials 7.46% Basic Materials 5.98% Utility 2.84% Communication Services 2.25% Asset Allocation
Asset Class Value Cash 3.23% Equity 96.77% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK8% ₹34 Cr 286,001 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK8% ₹31 Cr 795,118
↑ 106,162 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 08 | RELIANCE5% ₹20 Cr 98,359 Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY5% ₹19 Cr 177,564
↓ -17,386 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jan 16 | KOTAKBANK4% ₹15 Cr 94,151
↓ -1,112 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 14 | TCS3% ₹14 Cr 50,761
↓ -12,888 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 13 | LT3% ₹13 Cr 144,140 State Bank of India (Financial Services)
Equity, Since 30 Apr 05 | SBIN3% ₹12 Cr 624,330
↑ 248,359 Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 17 | 5322153% ₹11 Cr 230,175
↑ 88,125 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Apr 20 | 5006962% ₹10 Cr 48,180 4. L&T Tax Advantage Fund
CAGR/Annualized return of 12.8% 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 (27 Nov 20) ₹59.383 ↑ 0.42 (0.71 %) Net Assets (Cr) ₹3,109 on 31 Oct 20 Category Equity - ELSS AMC L&T Investment Management Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.04 Sharpe Ratio -0.01 Information Ratio -1.12 Alpha Ratio -0.77 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Oct 15 ₹10,000 31 Oct 16 ₹11,679 31 Oct 17 ₹14,841 31 Oct 18 ₹14,004 31 Oct 19 ₹14,696 31 Oct 20 ₹14,467 Returns for L&T Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Nov 20 Duration Returns 1 Month 8.7% 3 Month 11.4% 6 Month 37.5% 1 Year 8.1% 3 Year 2.1% 5 Year 9.7% 10 Year 15 Year Since launch 12.8% 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 0.88 Yr. Vihang Naik 17 Dec 19 0.88 Yr. Data below for L&T Tax Advantage Fund as on 31 Oct 20
Equity Sector Allocation
Sector Value Financial Services 22.47% Technology 14.87% Basic Materials 14.4% Health Care 14.13% Consumer Cyclical 12.74% Consumer Defensive 6.22% Energy 6.21% Industrials 5.33% Communication Services 1.91% Asset Allocation
Asset Class Value Cash 1.46% Equity 98.53% Other 0.02% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCE5% ₹168 Cr 818,000 HCL Technologies Ltd (Technology)
Equity, Since 30 Sep 17 | HCLTECH5% ₹148 Cr 1,758,400 Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY5% ₹145 Cr 1,370,200 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK5% ₹142 Cr 3,605,800 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 09 | TCS4% ₹131 Cr 491,900 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | KOTAKBANK3% ₹104 Cr 675,107 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK3% ₹101 Cr 853,400 Ramco Cements Ltd (Basic Materials)
Equity, Since 30 Jun 14 | RAMCOCEM3% ₹85 Cr 1,068,449 Emami Ltd (Consumer Defensive)
Equity, Since 30 Jun 19 | 5311623% ₹84 Cr 2,333,743 ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 07 | ITC3% ₹79 Cr 4,771,387 5. BOI AXA Tax Advantage Fund
CAGR/Annualized return of 17.8% 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 (27 Nov 20) ₹68.34 ↑ 0.91 (1.35 %) Net Assets (Cr) ₹319 on 31 Oct 20 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.67 Sharpe Ratio 0.45 Information Ratio 0.25 Alpha Ratio 12.3 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Oct 15 ₹10,000 31 Oct 16 ₹10,996 31 Oct 17 ₹14,193 31 Oct 18 ₹12,283 31 Oct 19 ₹14,395 31 Oct 20 ₹16,464 Returns for BOI AXA Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Nov 20 Duration Returns 1 Month 9% 3 Month 12.7% 6 Month 43.3% 1 Year 25.2% 3 Year 7.7% 5 Year 12.9% 10 Year 15 Year Since launch 17.8% 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 1.3 Yr. Data below for BOI AXA Tax Advantage Fund as on 31 Oct 20
Equity Sector Allocation
Sector Value Financial Services 25.11% Basic Materials 17.93% Health Care 15.59% Technology 14.45% Consumer Cyclical 8.11% Energy 5.47% Industrials 3.35% Consumer Defensive 3.22% Communication Services 2.35% Asset Allocation
Asset Class Value Cash 2.63% Equity 97.37% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK6% ₹20 Cr 168,746
↑ 4,790 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE5% ₹17 Cr 84,728 PI Industries Ltd (Basic Materials)
Equity, Since 30 Nov 18 | PIIND5% ₹15 Cr 69,744
↓ -1,551 Infosys Ltd (Technology)
Equity, Since 30 Jun 20 | INFY4% ₹13 Cr 121,508
↑ 34,229 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | KOTAKBANK4% ₹11 Cr 72,782 Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 18 | DIVISLAB3% ₹10 Cr 33,163 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK3% ₹10 Cr 257,696 Navin Fluorine International Ltd (Basic Materials)
Equity, Since 31 Jul 19 | 5325043% ₹10 Cr 42,952 Laurus Labs Ltd (Healthcare)
Equity, Since 30 Jun 20 | 5402223% ₹9 Cr 275,051
↓ -60,974 SRF Ltd (Basic Materials)
Equity, Since 30 Sep 19 | SRF2% ₹8 Cr 17,615
↑ 600 6. BNP Paribas Long Term Equity Fund (ELSS)
CAGR/Annualized return of 10.7% 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 (27 Nov 20) ₹45.41 ↑ 0.09 (0.21 %) Net Assets (Cr) ₹453 on 31 Oct 20 Category Equity - ELSS AMC BNP Paribas Asset Mgmt India Pvt. Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.41 Sharpe Ratio 0.07 Information Ratio -0.12 Alpha Ratio 2.3 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Oct 15 ₹10,000 31 Oct 16 ₹10,674 31 Oct 17 ₹13,042 31 Oct 18 ₹11,536 31 Oct 19 ₹13,712 31 Oct 20 ₹14,120 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 27 Nov 20 Duration Returns 1 Month 7.1% 3 Month 9.8% 6 Month 33.3% 1 Year 11.3% 3 Year 5.7% 5 Year 9.1% 10 Year 15 Year Since launch 10.7% 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 3.96 Yr. Karthikraj Lakshmanan 7 Oct 16 4.07 Yr. Data below for BNP Paribas Long Term Equity Fund (ELSS) as on 31 Oct 20
Equity Sector Allocation
Sector Value Financial Services 30.95% Technology 17.39% Consumer Defensive 9.92% Industrials 6.73% Health Care 6.51% Basic Materials 6.43% Consumer Cyclical 5.96% Energy 4.99% Communication Services 4.85% Utility 3.09% Real Estate 0.98% Asset Allocation
Asset Class Value Cash 2.19% Equity 97.81% Top Securities Holdings / Portfolio
Name Holding Value Quantity Infosys Ltd (Technology)
Equity, Since 31 Mar 09 | INFY10% ₹44 Cr 415,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFCBANK8% ₹35 Cr 295,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 12 | ICICIBANK6% ₹27 Cr 698,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 18 | TCS5% ₹25 Cr 92,500 Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 18 | RELIANCE5% ₹23 Cr 110,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 19 | BHARTIARTL4% ₹17 Cr 395,950 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322153% ₹14 Cr 275,000
↓ -25,000 Voltas Ltd (Industrials)
Equity, Since 31 Oct 18 | VOLTAS3% ₹13 Cr 190,000 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Apr 20 | 5006963% ₹13 Cr 61,923 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 28 Feb 15 | KOTAKBANK2% ₹11 Cr 70,000
↑ 5,000 7. Kotak Tax Saver Fund
CAGR/Annualized return of 11.4% 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 (27 Nov 20) ₹50.776 ↑ 0.34 (0.67 %) Net Assets (Cr) ₹1,312 on 31 Oct 20 Category Equity - ELSS AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.34 Sharpe Ratio 0.07 Information Ratio 0.13 Alpha Ratio 1.63 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Oct 15 ₹10,000 31 Oct 16 ₹11,576 31 Oct 17 ₹13,801 31 Oct 18 ₹12,934 31 Oct 19 ₹14,952 31 Oct 20 ₹15,207 Returns for Kotak Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Nov 20 Duration Returns 1 Month 9% 3 Month 12.3% 6 Month 37.4% 1 Year 9.7% 3 Year 6.1% 5 Year 11% 10 Year 15 Year Since launch 11.4% 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 5.19 Yr. Data below for Kotak Tax Saver Fund as on 31 Oct 20
Equity Sector Allocation
Sector Value Financial Services 18.8% Basic Materials 17.53% Industrials 15.05% Technology 14.98% Consumer Defensive 10.11% Energy 7.94% Consumer Cyclical 6.1% Health Care 5.53% Utility 2.88% Asset Allocation
Asset Class Value Cash 1.06% Equity 98.92% Other 0.02% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE8% ₹104 Cr 506,666 Infosys Ltd (Technology)
Equity, Since 31 Dec 05 | INFY7% ₹87 Cr 825,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 18 | TCS6% ₹80 Cr 300,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK5% ₹67 Cr 1,700,000
↑ 300,000 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Apr 20 | 5006964% ₹56 Cr 270,000 SRF Ltd (Basic Materials)
Equity, Since 30 Apr 16 | SRF4% ₹46 Cr 105,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK3% ₹45 Cr 380,000 Dr Reddy's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 18 | 5001243% ₹39 Cr 80,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | 5322153% ₹37 Cr 750,000 Britannia Industries Ltd (Consumer Defensive)
Equity, Since 31 May 20 | 5008253% ₹35 Cr 100,000 8. Invesco India Tax Plan
CAGR/Annualized return of 13.7% 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 (27 Nov 20) ₹59.33 ↑ 0.37 (0.63 %) Net Assets (Cr) ₹1,154 on 31 Oct 20 Category Equity - ELSS AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.21 Sharpe Ratio 0.05 Information Ratio 0.12 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 Oct 15 ₹10,000 31 Oct 16 ₹11,142 31 Oct 17 ₹13,348 31 Oct 18 ₹13,285 31 Oct 19 ₹15,014 31 Oct 20 ₹15,213 Returns for Invesco India Tax Plan
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Nov 20 Duration Returns 1 Month 8.7% 3 Month 10.6% 6 Month 36.1% 1 Year 11.5% 3 Year 7% 5 Year 11.1% 10 Year 15 Year Since launch 13.7% 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 Nigam 3 Sep 20 0.16 Yr. Dhimant Kothari 29 Mar 18 2.6 Yr. Data below for Invesco India Tax Plan as on 31 Oct 20
Equity Sector Allocation
Sector Value Financial Services 27.69% Technology 15.07% Energy 10.37% Consumer Cyclical 9.87% Industrials 7.78% Consumer Defensive 7.19% Basic Materials 7.11% Health Care 4.22% Communication Services 3.99% Utility 3.63% Real Estate 0.81% Asset Allocation
Asset Class Value Cash 2.27% Equity 97.73% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE10% ₹120 Cr 582,815 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK10% ₹112 Cr 948,078 Infosys Ltd (Technology)
Equity, Since 31 Dec 19 | INFY9% ₹103 Cr 971,677
↑ 21,584 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK6% ₹74 Cr 1,885,026 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 19 | KOTAKBANK5% ₹57 Cr 367,073 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Jun 19 | 5006964% ₹49 Cr 237,705
↑ 10,939 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 19 | BHARTIARTL4% ₹46 Cr 1,061,837 Whirlpool of India Ltd (Technology)
Equity, Since 31 Oct 19 | 5002382% ₹26 Cr 121,123
↑ 41,301 Bajaj Auto Ltd (Consumer Cyclical)
Equity, Since 31 Mar 20 | 5329772% ₹24 Cr 81,676 TCI Express Ltd (Industrials)
Equity, Since 28 Feb 19 | 5402122% ₹23 Cr 290,682 9. HDFC Long Term Advantage Fund
CAGR/Annualized return of 20.2% 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 (27 Nov 20) ₹388.076 ↑ 0.30 (0.08 %) Net Assets (Cr) ₹1,120 on 31 Oct 20 Category Equity - ELSS AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.17 Sharpe Ratio -0.12 Information Ratio -1.34 Alpha Ratio -4.71 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Oct 15 ₹10,000 31 Oct 16 ₹11,967 31 Oct 17 ₹14,598 31 Oct 18 ₹14,126 31 Oct 19 ₹15,840 31 Oct 20 ₹14,951
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 27 Nov 20 Duration Returns 1 Month 11.2% 3 Month 10.2% 6 Month 40.1% 1 Year 4.7% 3 Year 4.1% 5 Year 11% 10 Year 15 Year Since launch 20.2% 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 13.59 Yr. Anand Laddha 21 Oct 20 0.03 Yr. Data below for HDFC Long Term Advantage Fund as on 31 Oct 20
Equity Sector Allocation
Sector Value Financial Services 31.65% Industrials 18.55% Energy 13% Technology 12.3% Basic Materials 5.72% Consumer Defensive 4.32% Health Care 3.47% Utility 2.32% Communication Services 2.03% Consumer Cyclical 1.19% Asset Allocation
Asset Class Value Cash 5.45% Equity 94.55% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 05 | RELIANCE10% ₹107 Cr 520,000
↓ -80,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 13 | HDFCBANK10% ₹107 Cr 900,000
↓ -88,000 Infosys Ltd (Technology)
Equity, Since 30 Nov 06 | INFY9% ₹106 Cr 1,000,000
↓ -150,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK9% ₹97 Cr 2,473,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFC7% ₹77 Cr 400,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Oct 07 | LT5% ₹56 Cr 607,500 State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN4% ₹49 Cr 2,600,000 ITC Ltd (Consumer Defensive)
Equity, Since 31 Oct 05 | ITC4% ₹47 Cr 2,822,910 Aurobindo Pharma Ltd (Healthcare)
Equity, Since 31 Mar 18 | AUROPHARMA3% ₹39 Cr 500,000 Vesuvius India Ltd (Industrials)
Equity, Since 31 Jan 11 | 5201133% ₹36 Cr 400,000 10. Sundaram Diversified Equity Fund
CAGR/Annualized return of 15.6% 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 (27 Nov 20) ₹105.357 ↑ 0.78 (0.74 %) Net Assets (Cr) ₹2,173 on 31 Oct 20 Category Equity - ELSS AMC Sundaram Asset Management Company Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.09 Sharpe Ratio -0.19 Information Ratio -1.26 Alpha Ratio -6.7 Min Investment 500 Min SIP Investment 250 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Oct 15 ₹10,000 31 Oct 16 ₹11,760 31 Oct 17 ₹14,090 31 Oct 18 ₹12,738 31 Oct 19 ₹13,969 31 Oct 20 ₹12,917 Returns for Sundaram Diversified Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Nov 20 Duration Returns 1 Month 10.1% 3 Month 11% 6 Month 39.2% 1 Year 2.9% 3 Year 0.2% 5 Year 7.5% 10 Year 15 Year Since launch 15.6% 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 5.59 Yr. S. Bharath 23 Jul 20 0.27 Yr. Data below for Sundaram Diversified Equity Fund as on 31 Oct 20
Equity Sector Allocation
Sector Value Financial Services 27.97% Consumer Defensive 11.03% Technology 10.85% Consumer Cyclical 10.68% Energy 9.52% Basic Materials 9.05% Industrials 9.01% Health Care 6.99% Communication Services 3.95% Utility 0.52% Asset Allocation
Asset Class Value Cash 0.43% Equity 99.57% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 12 | RELIANCE8% ₹181 Cr 882,122 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | HDFCBANK7% ₹143 Cr 1,207,729
↑ 28,325 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 11 | ICICIBANK5% ₹102 Cr 2,597,794 Infosys Ltd (Technology)
Equity, Since 30 Nov 16 | INFY5% ₹99 Cr 933,080 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Jul 19 | HDFC4% ₹95 Cr 492,500
↑ 36,508 Axis Bank Ltd (Financial Services)
Equity, Since 31 May 18 | 5322153% ₹75 Cr 1,523,372 HCL Technologies Ltd (Technology)
Equity, Since 30 Apr 19 | HCLTECH3% ₹73 Cr 864,000
↓ -1,798 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 19 | BHARTIARTL3% ₹68 Cr 1,560,000
↓ -9,232 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 20 | TCS3% ₹64 Cr 240,045 Ramco Cements Ltd (Basic Materials)
Equity, Since 31 Mar 12 | RAMCOCEM3% ₹59 Cr 740,000
↓ -5,000 11. IDBI Equity Advantage Fund
CAGR/Annualized return of 15.8% 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 (27 Nov 20) ₹28.73 ↑ 0.27 (0.95 %) Net Assets (Cr) ₹478 on 31 Oct 20 Category Equity - ELSS AMC IDBI Asset Management Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.37 Sharpe Ratio -0.43 Information Ratio -0.34 Alpha Ratio -10.43 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Oct 15 ₹10,000 31 Oct 16 ₹10,831 31 Oct 17 ₹12,473 31 Oct 18 ₹12,279 31 Oct 19 ₹13,790 31 Oct 20 ₹12,677 Returns for IDBI Equity Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Nov 20 Duration Returns 1 Month 9.7% 3 Month 11% 6 Month 28.1% 1 Year 3.1% 3 Year 2.8% 5 Year 7.4% 10 Year 15 Year Since launch 15.8% 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 2.34 Yr. Data below for IDBI Equity Advantage Fund as on 31 Oct 20
Equity Sector Allocation
Sector Value Financial Services 25.54% Consumer Cyclical 16.4% Basic Materials 16.1% Consumer Defensive 13.21% Technology 12.62% Energy 7.78% Health Care 5.8% Industrials 2.29% Asset Allocation
Asset Class Value Cash 0.26% Equity 99.74% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 20 | HDFCBANK6% ₹29 Cr 240,900
↑ 50,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Sep 20 | RELIANCE6% ₹28 Cr 137,700
↑ 79,700 Asian Paints Ltd (Basic Materials)
Equity, Since 30 Sep 13 | 5008206% ₹28 Cr 124,443 Infosys Ltd (Technology)
Equity, Since 31 Oct 20 | INFY5% ₹25 Cr 233,650
↑ 233,650 Bata India Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 5000435% ₹24 Cr 184,538 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 13 | KOTAKBANK4% ₹21 Cr 135,056
↓ -50,000 Page Industries Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 5328274% ₹19 Cr 9,307 Sanofi India Ltd (Healthcare)
Equity, Since 31 Jan 19 | 5006744% ₹18 Cr 22,967
↓ -5,600 VST Industries Ltd (Consumer Defensive)
Equity, Since 30 Sep 13 | 5099664% ₹18 Cr 53,910
↓ -20,000 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 31 Jan 14 | 5323434% ₹17 Cr 370,654
↓ -100,000
ELSS SIP Calculator
Know Your SIP Returns
Investment Modes in ELSS
SIP (Systematic Investment Plan) in ELSS
One can choose SIP as an investment mode for invest in Tax Saving Mutual Funds (ELSS) as certain amount is invested every month.
As shown in sample below-
| Month | Amount | Mode | |||
|---|---|---|---|---|---|
| April | 12,500 | SIP | May | 12,500 | SIP |
| June | 12,500 | SIP | July | 12,500 | SIP |
| August | 12,500 | SIP | September | 12,500 | SIP |
| October | 12,500 | SIP | November | 12,500 | SIP |
| December | 12,500 | SIP | January | 12,500 | SIP |
| Feburary | 12,500 | SIP | March | 12,500 | SIP |
| Total | 1,50,000 |
While investing through SIP method SIP benefits of Rupee Cost averaging are reaped as it scatter purchases every month and invest is made at an average price rather than at particular price which might be the case with Lumpsum Investments.
Lumpsum Investment in ELSS
As one might be saving in other tax saving intruments like ULIP, NSC, PF/EPF, insurance (under Sector 80c) one can decide whatever amount is needed to save tax after deducting other instruments and invest as Lumpsum purchases over the year or one time near end of Financial Year (Jan - Mar).
Tips to Invest in Best Tax Saving ELSS Funds
Invest in best ELSS Funds via a SIP (Systematic Investment Plan) in the beginning of the financial year (i.e. in April) and not when the financial year is ending.
Choose an ELSS Mutual Fund carefully among the list of best ELSS Funds, and invest in the same for a year instead of jumping to other tax saving ELSS funds every year.
Good ELSS returns can be achieved when invested for 5-7 years, so it is suggested not to pull out money once your lock-in ends after 3 years. Try holding it for a longer duration to earn better returns.
If you are a risk-averse investor and want a less-volatile fund, consider investing in a large-cap Mutual Fund.
How to Invest in ELSS Funds Online?
Open Free Investment Account for Lifetime at Fincash.com
Complete your Registration and KYC Process
Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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Nice article. Highly recommended for guys who are looking to save tax under section 80c.