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8 Best ELSS Tax Saving Mutual Funds 2023
With the financial year coming to an end, it is the time to begin your Tax Planning. With so many tax savings options in India, ELSS stands out the best because they offer benefits beyond tax savings.
ELSS or Equity Linked Saving Schemes comes with a lock-in period of 3 years, which is the shortest holding compared to all other tax savings. By Investing in ELSS, one can attain deductions upto INR 1,50,000 from their taxable Income as per the Section 80C of income tax Act. As, ELSS funds are equity diversified with a major portion of the fund being invested in equity & related products, they provide equity returns too. This means that investors can also earn equity returns on their investments.
Before we look at some of the other important features of this scheme, let’s check the best ELSS tax saving Mutual Funds for 2023 – 2024.
Why Choose ELSS for Tax Savings?
The other major benefits of ELSS are:
Tax Free Returns
As per the Budget 2018, ELSS would attract Long Term Capital Gains (LTCG). Investors would be taxed at 10% (with no indexation) under long term Capital Gain tax. Gains up to INR 1 lakh are free of tax. Tax at 10% applies to gains above INR 1 lakh.
Minimum Investment Amount
By taking a SIP route, investors can invest an amount as low as INR 500. This allows an individual to save money every month instead of a lump sum.
Equity Returns
Since these mutual funds invest in equity-related instruments, the money you invest grows as the stock Market grows. So, the gains are high in ELSS Funds.
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Best Performing ELSS Tax Saving Mutual Funds FY 23 - 24
Fund NAV Net Assets (Cr) Rating 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2022 (%) HDFC Long Term Advantage Fund Growth ₹595.168
↑ 0.28 ₹1,318 ☆☆☆ 1.2 15.4 35.5 20.6 17.4 Canara Robeco Equity Tax Saver Growth ₹120.54
↑ 0.92 ₹5,206 ☆ 5.9 0.3 15.8 28 15 -0.2 Kotak Tax Saver Fund Growth ₹78.651
↑ 0.76 ₹3,560 ☆☆☆ 6.3 2 18.9 29.5 14.2 6.9 DSP BlackRock Tax Saver Fund Growth ₹85.65
↑ 0.66 ₹10,513 ☆☆☆☆ 5.5 0.7 15 29.4 13.5 4.5 PGIM India Tax Savings Fund Growth ₹25.67
↑ 0.27 ₹494 6.5 2.1 17.1 30.9 13.1 4.7 BOI AXA Tax Advantage Fund Growth ₹104
↑ 0.73 ₹739 ☆☆☆ 7.5 1.2 19.5 30 13 -1.3 IDFC Tax Advantage (ELSS) Fund Growth ₹106.313
↑ 1.01 ₹4,333 ☆☆☆☆☆ 7.6 3.2 19 37.7 12.8 4.2 SBI Magnum Tax Gain Fund Growth ₹251.553
↑ 1.98 ₹12,998 ☆☆ 7.7 4.2 23 30.3 12.6 6.9 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 14 Jan 22
*Above is list of ELSS - Equity Mutual Funds having net assets between 100 - 15000 Crore & managing assets since last 3 years. Sorted on returns of last 5 years annualized/CAGR Basis.
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.
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 (ELSS Scheme) Seeking to provide long term capital appreciation by predominantly investing in equities and to facilitate the subscribers to seek tax benefits as provided under Section 80 C of the Income Tax Act, 1961. However, there can be no assurance that the investment objective of
the scheme will be realized. Canara Robeco Equity Tax Saver is a Equity - ELSS fund was launched on 2 Feb 09. It is a fund with Moderately High risk and has given a Below is the key information for Canara Robeco Equity Tax Saver 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 primary investment objective of the Scheme is to seek to generate medium to long-term capital appreciation from a diversified portfolio that is substantially constituted of equity and equity related securities of corporates, and to enable investors to avail of a deduction from total income, as permitted under the Income Tax Act, 1961 from time to time. DSP BlackRock Tax Saver Fund is a Equity - ELSS fund was launched on 18 Jan 07. It is a fund with Moderately High risk and has given a Below is the key information for DSP BlackRock Tax Saver Fund Returns up to 1 year are on "The primary objective of the Scheme is to generate long-term capital appreciation by predominantly investing in equity & equity related instruments and to enable eligible investors to
avail deduction from total income, as permitted under the Income Tax Act, 1961 as amended from time to time. However, there is no assurance that the investment objective
shall be realize" PGIM India Tax Savings Fund is a Equity - ELSS fund was launched on 11 Dec 15. It is a fund with Moderately High risk and has given a Below is the key information for PGIM India Tax Savings Fund Returns up to 1 year are on The Scheme seeks to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities across all market capitalisations. The Scheme is in the nature of diversified multi-cap fund. The Scheme is not providing any assured or guaranteed returns.(There can be no assurance that the investment objectives of the Scheme will be realized.) BOI AXA Tax Advantage Fund is a Equity - ELSS fund was launched on 25 Feb 09. It is a fund with Moderately High risk and has given a Below is the key information for BOI AXA Tax Advantage Fund Returns up to 1 year are on The investment objective of the Scheme is to 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 deliver the benefit of investment in a portfolio of equity shares, while offering
deduction on such investment made in the scheme under section 80C of the
Income-tax Act, 1961. It also seeks to distribute income periodically depending
on distributable surplus. Investments in this scheme would be subject to a
statutory lock-in of 3 years from the date of allotment to avail Section 80C benefits. SBI Magnum Tax Gain Fund is a Equity - ELSS fund was launched on 7 May 07. It is a fund with Moderately High risk and has given a Below is the key information for SBI Magnum Tax Gain Fund Returns up to 1 year are on 1. 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 Apr 18 ₹10,000 30 Apr 19 ₹10,554 30 Apr 20 ₹8,566 30 Apr 21 ₹13,241
Purchase not allowed Returns for HDFC Long Term Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Jan 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 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 2. Canara Robeco Equity Tax Saver
CAGR/Annualized return of 19% since its launch. Ranked 36 in ELSS category. Return for 2022 was -0.2% , 2021 was 35.1% and 2020 was 27.4% . Canara Robeco Equity Tax Saver
Growth Launch Date 2 Feb 09 NAV (26 May 23) ₹120.54 ↑ 0.92 (0.77 %) Net Assets (Cr) ₹5,206 on 30 Apr 23 Category Equity - ELSS AMC Canara Robeco Asset Management Co. Ltd. Rating ☆ Risk Moderately High Expense Ratio 2.11 Sharpe Ratio 0.02 Information Ratio -0.28 Alpha Ratio 0.69 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Apr 18 ₹10,000 30 Apr 19 ₹10,723 30 Apr 20 ₹10,002 30 Apr 21 ₹15,489 30 Apr 22 ₹18,147 30 Apr 23 ₹19,091 Returns for Canara Robeco Equity Tax Saver
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Jan 22 Duration Returns 1 Month 4.4% 3 Month 5.9% 6 Month 0.3% 1 Year 15.8% 3 Year 28% 5 Year 15% 10 Year 15 Year Since launch 19% Historical performance (Yearly) on absolute basis
Year Returns 2022 -0.2% 2021 35.1% 2020 27.4% 2019 10.7% 2018 2.7% 2017 32% 2016 0% 2015 0.6% 2014 45.2% 2013 5.3% Fund Manager information for Canara Robeco Equity Tax Saver
Name Since Tenure Vishal Mishra 26 Jun 21 1.84 Yr. Shridatta Bhandwaldar 1 Oct 19 3.58 Yr. Data below for Canara Robeco Equity Tax Saver as on 30 Apr 23
Equity Sector Allocation
Sector Value Financial Services 33.57% Consumer Cyclical 11.02% Industrials 10.35% Basic Materials 8.88% Technology 8.04% Consumer Defensive 6.8% Energy 5.51% Health Care 4.38% Communication Services 2.3% Utility 1.55% Real Estate 1.39% Asset Allocation
Asset Class Value Cash 6.2% Equity 93.8% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 08 | HDFCBANK7% ₹380 Cr 2,252,184
↑ 20,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK7% ₹369 Cr 4,026,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 19 | RELIANCE6% ₹287 Cr 1,186,000
↑ 25,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 18 | INFY5% ₹249 Cr 1,986,310 State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN4% ₹208 Cr 3,595,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Nov 20 | HDFC3% ₹180 Cr 650,000
↑ 150,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | AXISBANK3% ₹166 Cr 1,928,000 Tata Consultancy Services Ltd Shs Dematerialised (Technology)
Equity, Since 30 Jun 20 | TCS3% ₹144 Cr 446,212 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 21 | BHARTIARTL2% ₹120 Cr 1,500,000
↑ 60,000 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Oct 16 | HINDUNILVR2% ₹109 Cr 441,690
↑ 30,000 3. Kotak Tax Saver Fund
CAGR/Annualized return of 12.5% 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 (26 May 23) ₹78.651 ↑ 0.76 (0.98 %) Net Assets (Cr) ₹3,560 on 30 Apr 23 Category Equity - ELSS AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 1.97 Sharpe Ratio 0.23 Information Ratio 0.07 Alpha Ratio 3.9 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Apr 18 ₹10,000 30 Apr 19 ₹10,653 30 Apr 20 ₹9,323 30 Apr 21 ₹14,237 30 Apr 22 ₹16,951 30 Apr 23 ₹18,400 Returns for Kotak Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Jan 22 Duration Returns 1 Month 3.8% 3 Month 6.3% 6 Month 2% 1 Year 18.9% 3 Year 29.5% 5 Year 14.2% 10 Year 15 Year Since launch 12.5% 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 7.69 Yr. Data below for Kotak Tax Saver Fund as on 30 Apr 23
Equity Sector Allocation
Sector Value Financial Services 27.21% Industrials 17.44% Basic Materials 14.2% Consumer Cyclical 12.68% Consumer Defensive 10.35% Technology 4.82% Health Care 3.65% Energy 3.4% Utility 1.92% Communication Services 1.65% Asset Allocation
Asset Class Value Cash 2.69% Equity 97.31% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK7% ₹239 Cr 2,600,000 State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN5% ₹173 Cr 3,000,000 ITC Ltd Shs Dematerialised (Consumer Defensive)
Equity, Since 31 Oct 21 | ITC4% ₹157 Cr 3,700,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | AXISBANK4% ₹155 Cr 1,800,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK4% ₹152 Cr 900,000
↑ 200,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 14 | LT4% ₹142 Cr 600,000 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 21 | MARUTI4% ₹142 Cr 165,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE3% ₹121 Cr 500,000 Infosys Ltd (Technology)
Equity, Since 31 Dec 05 | INFY3% ₹100 Cr 800,000 SRF Ltd Shs Dematerialised (Basic Materials)
Equity, Since 30 Apr 16 | SRF3% ₹91 Cr 360,000 4. DSP BlackRock Tax Saver Fund
CAGR/Annualized return of 14% since its launch. Ranked 12 in ELSS category. Return for 2022 was 4.5% , 2021 was 35.1% and 2020 was 15% . DSP BlackRock Tax Saver Fund
Growth Launch Date 18 Jan 07 NAV (26 May 23) ₹85.65 ↑ 0.66 (0.77 %) Net Assets (Cr) ₹10,513 on 30 Apr 23 Category Equity - ELSS AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.8 Sharpe Ratio -0.05 Information Ratio 0 Alpha Ratio -0.08 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Apr 18 ₹10,000 30 Apr 19 ₹10,272 30 Apr 20 ₹8,954 30 Apr 21 ₹14,097 30 Apr 22 ₹16,801 30 Apr 23 ₹17,535 Returns for DSP BlackRock Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Jan 22 Duration Returns 1 Month 4.6% 3 Month 5.5% 6 Month 0.7% 1 Year 15% 3 Year 29.4% 5 Year 13.5% 10 Year 15 Year Since launch 14% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.5% 2021 35.1% 2020 15% 2019 14.8% 2018 -7.6% 2017 36.3% 2016 11.3% 2015 4.4% 2014 52.2% 2013 6.7% Fund Manager information for DSP BlackRock Tax Saver Fund
Name Since Tenure Rohit Singhania 16 Jul 15 7.79 Yr. Charanjit Singh 1 May 23 0 Yr. Data below for DSP BlackRock Tax Saver Fund as on 30 Apr 23
Equity Sector Allocation
Sector Value Financial Services 37.99% Consumer Cyclical 10.62% Technology 10.26% Health Care 9.06% Basic Materials 8.17% Industrials 7.04% Consumer Defensive 4.71% Utility 4.5% Energy 4.05% Communication Services 1.95% Real Estate 0.84% Asset Allocation
Asset Class Value Cash 0.74% Equity 99.26% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK9% ₹968 Cr 5,736,526 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK9% ₹920 Cr 10,028,497 State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN6% ₹584 Cr 10,093,353
↑ 769,050 Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY5% ₹529 Cr 4,222,945 Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | AXISBANK4% ₹404 Cr 4,696,867
↑ 235,745 HCL Technologies Ltd (Technology)
Equity, Since 31 Mar 21 | HCLTECH3% ₹278 Cr 2,610,256
↓ -296,579 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Nov 22 | HINDUNILVR2% ₹246 Cr 999,648
↑ 227,172 Dr Reddy's Laboratories Ltd (Healthcare)
Equity, Since 31 Jul 20 | DRREDDY2% ₹232 Cr 470,155
↓ -53,153 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Apr 20 | SUNPHARMA2% ₹220 Cr 2,222,739 Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 Jul 22 | TATAMOTORS2% ₹210 Cr 4,340,070
↑ 328,625 5. PGIM India Tax Savings Fund
CAGR/Annualized return of 13.5% since its launch. Return for 2022 was 4.7% , 2021 was 37.5% and 2020 was 17.9% . PGIM India Tax Savings Fund
Growth Launch Date 11 Dec 15 NAV (26 May 23) ₹25.67 ↑ 0.27 (1.06 %) Net Assets (Cr) ₹494 on 30 Apr 23 Category Equity - ELSS AMC Pramerica Asset Managers Private Limited Rating Risk Moderately High Expense Ratio 2.46 Sharpe Ratio 0.04 Information Ratio 0.4 Alpha Ratio 0.99 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Apr 18 ₹10,000 30 Apr 19 ₹10,028 30 Apr 20 ₹8,496 30 Apr 21 ₹13,169 30 Apr 22 ₹16,393 30 Apr 23 ₹17,319 Returns for PGIM India Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Jan 22 Duration Returns 1 Month 4.9% 3 Month 6.5% 6 Month 2.1% 1 Year 17.1% 3 Year 30.9% 5 Year 13.1% 10 Year 15 Year Since launch 13.5% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.7% 2021 37.5% 2020 17.9% 2019 8.2% 2018 -6.4% 2017 39.3% 2016 1.7% 2015 2014 2013 Fund Manager information for PGIM India Tax Savings Fund
Name Since Tenure Bhupesh Kalyani 1 Apr 23 0.08 Yr. Vinay Paharia 1 Apr 23 0.08 Yr. Anandha Padmanabhan Anjeneyan 1 Apr 23 0.08 Yr. Ojasvi Khicha 1 Apr 23 0.08 Yr. Data below for PGIM India Tax Savings Fund as on 30 Apr 23
Equity Sector Allocation
Sector Value Financial Services 31.62% Consumer Cyclical 9.55% Industrials 8.64% Technology 8.53% Consumer Defensive 7.92% Energy 7.09% Health Care 7% Basic Materials 6.85% Utility 3.49% Communication Services 2.03% Real Estate 0.79% Asset Allocation
Asset Class Value Cash 6.49% Equity 93.51% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK8% ₹37 Cr 222,200 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 17 | RELIANCE7% ₹35 Cr 144,750 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 16 | ICICIBANK6% ₹27 Cr 298,500 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Sep 17 | LT5% ₹23 Cr 95,664 Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY4% ₹20 Cr 161,129 Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 21 | AXISBANK4% ₹19 Cr 218,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 17 | HDFC3% ₹17 Cr 61,500
↑ 14,800 ITC Ltd Shs Dematerialised (Consumer Defensive)
Equity, Since 31 Aug 17 | ITC3% ₹17 Cr 400,000 State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN2% ₹10 Cr 178,174
↓ -116,000 HCL Technologies Ltd (Technology)
Equity, Since 31 Aug 20 | HCLTECH2% ₹10 Cr 96,100 6. BOI AXA Tax Advantage Fund
CAGR/Annualized return of 17.9% 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 (26 May 23) ₹104 ↑ 0.73 (0.71 %) Net Assets (Cr) ₹739 on 30 Apr 23 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.54 Sharpe Ratio 0.12 Information Ratio 0.12 Alpha Ratio 2.28 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Apr 18 ₹10,000 30 Apr 19 ₹8,524 30 Apr 20 ₹8,667 30 Apr 21 ₹13,940 30 Apr 22 ₹16,332 30 Apr 23 ₹17,431 Returns for BOI AXA Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Jan 22 Duration Returns 1 Month 2.8% 3 Month 7.5% 6 Month 1.2% 1 Year 19.5% 3 Year 30% 5 Year 13% 10 Year 15 Year Since launch 17.9% 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 1.01 Yr. Data below for BOI AXA Tax Advantage Fund as on 30 Apr 23
Equity Sector Allocation
Sector Value Financial Services 36.97% Industrials 10.94% Consumer Defensive 9.81% Basic Materials 9.14% Health Care 6.44% Utility 5.55% Energy 5.02% Consumer Cyclical 3.56% Technology 2.9% Real Estate 1.98% Communication Services 0.69% Asset Allocation
Asset Class Value Cash 6.92% Equity 93.01% Debt 0.07% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK7% ₹49 Cr 529,340 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK6% ₹45 Cr 265,000 State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN6% ₹45 Cr 770,000 Canara Bank (Financial Services)
Equity, Since 31 Aug 22 | CANBK4% ₹28 Cr 895,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE3% ₹22 Cr 91,009 NTPC Ltd Shs Dematerialised (Utilities)
Equity, Since 30 Apr 22 | NTPC3% ₹22 Cr 1,260,000 ITC Ltd Shs Dematerialised (Consumer Defensive)
Equity, Since 31 May 22 | ITC3% ₹20 Cr 473,223 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 22 | LT2% ₹18 Cr 76,000
↑ 5,000 Balrampur Chini Mills Ltd (Consumer Defensive)
Equity, Since 30 Apr 22 | BALRAMCHIN2% ₹18 Cr 432,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 22 | AXISBANK2% ₹18 Cr 204,000 7. IDFC Tax Advantage (ELSS) Fund
CAGR/Annualized return of 17.8% 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 (26 May 23) ₹106.313 ↑ 1.01 (0.95 %) Net Assets (Cr) ₹4,333 on 30 Apr 23 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.95 Sharpe Ratio -0.07 Information Ratio 1.16 Alpha Ratio -0.58 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Apr 18 ₹10,000 30 Apr 19 ₹9,394 30 Apr 20 ₹7,267 30 Apr 21 ₹12,890 30 Apr 22 ₹16,282 30 Apr 23 ₹16,923 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Jan 22 Duration Returns 1 Month 5.7% 3 Month 7.6% 6 Month 3.2% 1 Year 19% 3 Year 37.7% 5 Year 12.8% 10 Year 15 Year Since launch 17.8% 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 6.53 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 30 Apr 23
Equity Sector Allocation
Sector Value Financial Services 27.23% Industrials 13.77% Consumer Cyclical 13.37% Basic Materials 10.49% Technology 8.41% Health Care 6.4% Consumer Defensive 6.35% Energy 3.91% Communication Services 2.44% Utility 1.47% Asset Allocation
Asset Class Value Cash 6.16% Equity 93.84% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK8% ₹349 Cr 3,800,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK4% ₹177 Cr 1,050,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE4% ₹169 Cr 700,000
↑ 25,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY4% ₹169 Cr 1,350,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | AXISBANK4% ₹168 Cr 1,950,000
↑ 100,000 State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN3% ₹145 Cr 2,500,000
↓ -500,000 Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS3% ₹126 Cr 2,600,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 22 | HDFC3% ₹118 Cr 425,000
↑ 75,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL2% ₹106 Cr 1,325,000 NCC Ltd (Industrials)
Equity, Since 28 Feb 19 | NCC2% ₹104 Cr 8,700,000
↓ -300,000 8. SBI Magnum Tax Gain Fund
CAGR/Annualized return of 11.3% since its launch. Ranked 31 in ELSS category. Return for 2022 was 6.9% , 2021 was 31% and 2020 was 18.9% . SBI Magnum Tax Gain Fund
Growth Launch Date 7 May 07 NAV (26 May 23) ₹251.553 ↑ 1.98 (0.79 %) Net Assets (Cr) ₹12,998 on 30 Apr 23 Category Equity - ELSS AMC SBI Funds Management Private Limited Rating ☆☆ Risk Moderately High Expense Ratio 1.85 Sharpe Ratio 0.42 Information Ratio 0.24 Alpha Ratio 6.5 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Apr 18 ₹10,000 30 Apr 19 ₹9,991 30 Apr 20 ₹8,330 30 Apr 21 ₹12,686 30 Apr 22 ₹15,112 30 Apr 23 ₹16,856 Returns for SBI Magnum Tax Gain Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Jan 22 Duration Returns 1 Month 5% 3 Month 7.7% 6 Month 4.2% 1 Year 23% 3 Year 30.3% 5 Year 12.6% 10 Year 15 Year Since launch 11.3% Historical performance (Yearly) on absolute basis
Year Returns 2022 6.9% 2021 31% 2020 18.9% 2019 4% 2018 -8.3% 2017 33% 2016 2.1% 2015 3.2% 2014 49.1% 2013 7% Fund Manager information for SBI Magnum Tax Gain Fund
Name Since Tenure Dinesh Balachandran 10 Sep 16 6.64 Yr. Data below for SBI Magnum Tax Gain Fund as on 30 Apr 23
Equity Sector Allocation
Sector Value Financial Services 26.38% Industrials 14.85% Energy 8.84% Consumer Cyclical 7.21% Utility 7.03% Technology 6.33% Basic Materials 6.16% Health Care 6.02% Consumer Defensive 3.59% Communication Services 3.42% Real Estate 2.41% Asset Allocation
Asset Class Value Cash 7.76% Equity 92.24% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | ICICIBANK5% ₹681 Cr 7,416,237 Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 07 | LT4% ₹584 Cr 2,468,968 Cummins India Ltd (Industrials)
Equity, Since 28 Feb 19 | CUMMINSIND4% ₹487 Cr 3,088,066 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 06 | RELIANCE4% ₹469 Cr 1,937,574 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 07 | HDFCBANK3% ₹446 Cr 2,641,521 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Mar 17 | BHARTIARTL3% ₹445 Cr 5,563,576
↑ 355,426 State Bank of India (Financial Services)
Equity, Since 31 May 06 | SBIN3% ₹444 Cr 7,685,639 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Dec 16 | M&M3% ₹419 Cr 3,415,083 Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 11 | AXISBANK3% ₹386 Cr 4,492,332 ITC Ltd Shs Dematerialised (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC3% ₹376 Cr 8,836,111
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