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8 Best ELSS Tax Saving Mutual Funds 2023 | fincash.com

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8 Best ELSS Tax Saving Mutual Funds 2023

Updated on September 28, 2023 , 62556 views

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.

ELSS

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

FundNAVNet Assets (Cr)Rating3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2022 (%)
HDFC Long Term Advantage Fund Growth ₹595.168
↑ 0.28
₹1,3181.215.435.520.617.4
IDFC Tax Advantage (ELSS) Fund Growth ₹117.121
↑ 0.52
₹5,01411.518.22129.615.14.2
BOI AXA Tax Advantage Fund Growth ₹113.96
↑ 0.25
₹84110.617.319.124.214.8-1.3
Kotak Tax Saver Fund Growth ₹85.294
↑ 0.43
₹4,0519.815.1182414.46.9
DSP BlackRock Tax Saver Fund Growth ₹94.037
↑ 0.36
₹11,80510.715.81724.214.34.5
Canara Robeco Equity Tax Saver Growth ₹128.12
↑ 0.37
₹5,9797.212.211.221.714.2-0.2
PGIM India Tax Savings Fund Growth ₹27.17
↑ 0.10
₹557Not Rated7.112.615.223.713.34.7
Tata India Tax Savings Fund Growth ₹32.9538
↑ 0.08
₹3,55711.414.916.422.712.85.9
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.

1. HDFC Long Term Advantage Fund

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 CAGR/Annualized return of 21.4% since its launch.  Ranked 23 in ELSS category. .

Below is the key information for HDFC Long Term Advantage Fund

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.

DateValue
30 Sep 18₹10,000
30 Sep 19₹10,621
30 Sep 20₹10,012
30 Sep 21₹16,651

HDFC Long Term Advantage Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹470,047.
Net Profit of ₹170,047
Invest Now

Purchase not allowed

Returns for HDFC Long Term Advantage Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Jan 22

DurationReturns
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
YearReturns
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
Fund Manager information for HDFC Long Term Advantage Fund
NameSinceTenure

Data below for HDFC Long Term Advantage Fund as on 30 Nov 21

Equity Sector Allocation
SectorValue
Asset Allocation
Asset ClassValue
Top Securities Holdings / Portfolio
NameHoldingValueQuantity

2. IDFC Tax Advantage (ELSS) Fund

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 CAGR/Annualized return of 18.3% since its launch.  Ranked 3 in ELSS category.  Return for 2022 was 4.2% , 2021 was 49.2% and 2020 was 18.7% .

Below is the key information for IDFC Tax Advantage (ELSS) Fund

IDFC Tax Advantage (ELSS) Fund
Growth
Launch Date 26 Dec 08
NAV (22 Aug 23) ₹117.121 ↑ 0.52   (0.45 %)
Net Assets (Cr) ₹5,014 on 31 Jul 23
Category Equity - ELSS
AMC IDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 1.95
Sharpe Ratio 1.5
Information Ratio 1.29
Alpha Ratio 6.92
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Sep 18₹10,000
30 Sep 19₹9,885
30 Sep 20₹9,978
30 Sep 21₹17,549
30 Sep 22₹18,140
30 Sep 23₹22,209

IDFC Tax Advantage (ELSS) Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹447,579.
Net Profit of ₹147,579
Invest Now

Returns for IDFC Tax Advantage (ELSS) Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Jan 22

DurationReturns
1 Month 1.3%
3 Month 11.5%
6 Month 18.2%
1 Year 21%
3 Year 29.6%
5 Year 15.1%
10 Year
15 Year
Since launch 18.3%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Daylynn Pinto20 Oct 166.87 Yr.
Nishita Shah31 Jul 230.09 Yr.

Data below for IDFC Tax Advantage (ELSS) Fund as on 31 Jul 23

Equity Sector Allocation
SectorValue
Financial Services26.52%
Industrials15.15%
Consumer Cyclical13.31%
Basic Materials10.56%
Technology8.39%
Health Care7.15%
Consumer Defensive6.64%
Energy4.27%
Communication Services2.15%
Utility1.74%
Asset Allocation
Asset ClassValue
Cash4.11%
Equity95.89%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK
7%₹364 Cr3,800,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK
6%₹284 Cr1,806,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE
4%₹217 Cr900,000
Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | 532215
4%₹195 Cr2,000,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY
4%₹194 Cr1,350,000
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
3%₹152 Cr2,700,000
Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS
3%₹150 Cr2,500,000
↓ -100,000
NCC Ltd (Industrials)
Equity, Since 28 Feb 19 | NCC
2%₹115 Cr6,800,000
↓ -700,000
KEC International Ltd (Industrials)
Equity, Since 30 Sep 15 | 532714
2%₹114 Cr1,700,000
Jindal Steel & Power Ltd Shs Dematerialised (Basic Materials)
Equity, Since 31 Mar 18 | 532286
2%₹110 Cr1,600,000

3. BOI AXA Tax Advantage Fund

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 CAGR/Annualized return of 18.3% since its launch.  Ranked 13 in ELSS category.  Return for 2022 was -1.3% , 2021 was 41.5% and 2020 was 31.2% .

Below is the key information for BOI AXA Tax Advantage Fund

BOI AXA Tax Advantage Fund
Growth
Launch Date 25 Feb 09
NAV (22 Aug 23) ₹113.96 ↑ 0.25   (0.22 %)
Net Assets (Cr) ₹841 on 31 Jul 23
Category Equity - ELSS
AMC BOI AXA Investment Mngrs Private Ltd
Rating
Risk Moderately High
Expense Ratio 2.49
Sharpe Ratio 1.32
Information Ratio 0.33
Alpha Ratio 5.62
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Sep 18₹10,000
30 Sep 19₹10,881
30 Sep 20₹12,646
30 Sep 21₹20,968
30 Sep 22₹20,430
30 Sep 23₹25,063

BOI AXA Tax Advantage Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹436,710.
Net Profit of ₹136,710
Invest Now

Returns for BOI AXA Tax Advantage Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Jan 22

DurationReturns
1 Month 1.8%
3 Month 10.6%
6 Month 17.3%
1 Year 19.1%
3 Year 24.2%
5 Year 14.8%
10 Year
15 Year
Since launch 18.3%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Alok Singh27 Apr 221.35 Yr.

Data below for BOI AXA Tax Advantage Fund as on 31 Jul 23

Equity Sector Allocation
SectorValue
Financial Services34.39%
Industrials13.46%
Basic Materials9.36%
Consumer Cyclical8.78%
Consumer Defensive8.62%
Health Care8.02%
Utility5.61%
Technology4.23%
Energy3.57%
Real Estate3.23%
Asset Allocation
Asset ClassValue
Cash0.66%
Equity99.28%
Debt0.06%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN
5%₹42 Cr740,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK
5%₹41 Cr264,000
↓ -62,000
Bank of Baroda (Financial Services)
Equity, Since 31 Oct 22 | 532134
4%₹31 Cr1,650,000
↑ 525,000
Power Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 23 | 532810
3%₹29 Cr1,110,000
Canara Bank (Financial Services)
Equity, Since 31 Aug 22 | 532483
3%₹29 Cr895,000
NTPC Ltd Shs Dematerialised (Utilities)
Equity, Since 30 Apr 22 | 532555
3%₹28 Cr1,260,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK
3%₹25 Cr260,000
↓ -65,000
Union Bank of India (Financial Services)
Equity, Since 31 Dec 22 | UNIONBANK
3%₹23 Cr2,725,875
↑ 1,135,875
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Jun 22 | SUNPHARMA
3%₹22 Cr201,000
↑ 24,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE
3%₹22 Cr91,009

4. Kotak Tax Saver Fund

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 CAGR/Annualized return of 12.8% since its launch.  Ranked 19 in ELSS category.  Return for 2022 was 6.9% , 2021 was 33.2% and 2020 was 14.9% .

Below is the key information for Kotak Tax Saver Fund

Kotak Tax Saver Fund
Growth
Launch Date 23 Nov 05
NAV (22 Aug 23) ₹85.294 ↑ 0.43   (0.51 %)
Net Assets (Cr) ₹4,051 on 31 Jul 23
Category Equity - ELSS
AMC Kotak Mahindra Asset Management Co Ltd
Rating
Risk Moderately High
Expense Ratio 1.97
Sharpe Ratio 1.31
Information Ratio 0.21
Alpha Ratio 4.53
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Sep 18₹10,000
30 Sep 19₹10,861
30 Sep 20₹11,107
30 Sep 21₹17,366
30 Sep 22₹17,941
30 Sep 23₹21,534

Kotak Tax Saver Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹436,710.
Net Profit of ₹136,710
Invest Now

Returns for Kotak Tax Saver Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Jan 22

DurationReturns
1 Month 0.7%
3 Month 9.8%
6 Month 15.1%
1 Year 18%
3 Year 24%
5 Year 14.4%
10 Year
15 Year
Since launch 12.8%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Harsha Upadhyaya25 Aug 158.02 Yr.

Data below for Kotak Tax Saver Fund as on 31 Jul 23

Equity Sector Allocation
SectorValue
Asset Allocation
Asset ClassValue
Cash1.36%
Equity98.64%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
6%₹242 Cr2,525,000
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 21 | MARUTI
5%₹210 Cr210,000
↑ 30,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | 532215
4%₹175 Cr1,800,000
ITC Ltd (Consumer Defensive)
Equity, Since 31 Oct 21 | ITC
4%₹163 Cr3,700,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 14 | LT
4%₹162 Cr600,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 23 | HDFCBANK
4%₹157 Cr1,000,001
State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN
4%₹152 Cr2,700,000
↓ -200,000
Linde India Ltd (Basic Materials)
Equity, Since 31 Oct 16 | 523457
3%₹125 Cr200,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE
3%₹120 Cr500,000
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Oct 22 | HINDUNILVR
3%₹119 Cr475,000

5. DSP BlackRock Tax Saver Fund

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 CAGR/Annualized return of 14.5% since its launch.  Ranked 12 in ELSS category.  Return for 2022 was 4.5% , 2021 was 35.1% and 2020 was 15% .

Below is the key information for DSP BlackRock Tax Saver Fund

DSP BlackRock Tax Saver Fund
Growth
Launch Date 18 Jan 07
NAV (22 Aug 23) ₹94.037 ↑ 0.36   (0.38 %)
Net Assets (Cr) ₹11,805 on 31 Jul 23
Category Equity - ELSS
AMC DSP BlackRock Invmt Managers Pvt. Ltd.
Rating
Risk Moderately High
Expense Ratio 1.78
Sharpe Ratio 1.05
Information Ratio 0.27
Alpha Ratio 2.28
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Sep 18₹10,000
30 Sep 19₹11,209
30 Sep 20₹10,892
30 Sep 21₹18,519
30 Sep 22₹18,230
30 Sep 23₹21,989

DSP BlackRock Tax Saver Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹436,710.
Net Profit of ₹136,710
Invest Now

Returns for DSP BlackRock Tax Saver Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Jan 22

DurationReturns
1 Month 1.8%
3 Month 10.7%
6 Month 15.8%
1 Year 17%
3 Year 24.2%
5 Year 14.3%
10 Year
15 Year
Since launch 14.5%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Rohit Singhania16 Jul 158.13 Yr.
Charanjit Singh1 May 230.34 Yr.

Data below for DSP BlackRock Tax Saver Fund as on 31 Jul 23

Equity Sector Allocation
SectorValue
Financial Services34.7%
Consumer Cyclical12.89%
Health Care9.54%
Basic Materials8.71%
Technology8.33%
Industrials7.36%
Consumer Defensive5.29%
Utility4.58%
Energy4.26%
Communication Services1.74%
Real Estate1.04%
Asset Allocation
Asset ClassValue
Cash1.56%
Equity98.44%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK
7%₹835 Cr8,713,455
↓ -120,140
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK
7%₹805 Cr5,119,919
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
4%₹452 Cr8,046,247
↓ -1,061,717
Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 532215
4%₹439 Cr4,504,394
↓ -124,379
Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY
4%₹432 Cr3,008,571
↓ -124,708
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 30 Nov 21 | M&M
3%₹370 Cr2,346,215
↑ 101,987
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Nov 22 | HINDUNILVR
3%₹337 Cr1,346,783
↑ 69,301
HCL Technologies Ltd (Technology)
Equity, Since 31 Mar 21 | HCLTECH
2%₹278 Cr2,371,510
↑ 207,007
NTPC Ltd (Utilities)
Equity, Since 31 Jan 19 | 532555
2%₹264 Cr12,001,061
↑ 1,622,287
Power Finance Corp Ltd (Financial Services)
Equity, Since 31 Dec 22 | 532810
2%₹251 Cr9,632,140
↑ 4,109,538

6. Canara Robeco Equity Tax Saver

(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 CAGR/Annualized return of 19.2% since its launch.  Ranked 36 in ELSS category.  Return for 2022 was -0.2% , 2021 was 35.1% and 2020 was 27.4% .

Below is the key information for Canara Robeco Equity Tax Saver

Canara Robeco Equity Tax Saver
Growth
Launch Date 2 Feb 09
NAV (22 Aug 23) ₹128.12 ↑ 0.37   (0.29 %)
Net Assets (Cr) ₹5,979 on 31 Jul 23
Category Equity - ELSS
AMC Canara Robeco Asset Management Co. Ltd.
Rating
Risk Moderately High
Expense Ratio 1.96
Sharpe Ratio 0.79
Information Ratio -0.28
Alpha Ratio -0.53
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Sep 18₹10,000
30 Sep 19₹10,802
30 Sep 20₹11,943
30 Sep 21₹19,018
30 Sep 22₹18,901
30 Sep 23₹21,508

Canara Robeco Equity Tax Saver SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹436,710.
Net Profit of ₹136,710
Invest Now

Returns for Canara Robeco Equity Tax Saver

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Jan 22

DurationReturns
1 Month -0.8%
3 Month 7.2%
6 Month 12.2%
1 Year 11.2%
3 Year 21.7%
5 Year 14.2%
10 Year
15 Year
Since launch 19.2%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Vishal Mishra26 Jun 212.18 Yr.
Shridatta Bhandwaldar1 Oct 193.92 Yr.

Data below for Canara Robeco Equity Tax Saver as on 31 Jul 23

Equity Sector Allocation
SectorValue
Financial Services32.47%
Consumer Cyclical12.97%
Technology10.81%
Industrials10.68%
Basic Materials7.61%
Health Care5.68%
Consumer Defensive5.43%
Energy4.62%
Utility2.46%
Communication Services2.15%
Real Estate1.02%
Asset Allocation
Asset ClassValue
Cash4.1%
Equity95.9%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 08 | HDFCBANK
9%₹548 Cr3,487,584
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK
6%₹386 Cr4,026,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 18 | INFY
6%₹332 Cr2,311,310
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 19 | RELIANCE
4%₹237 Cr986,000
↓ -125,000
Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 19 | 500034
3%₹170 Cr237,950
↑ 5,000
Tata Consultancy Services Ltd Shs Dematerialised (Technology)
Equity, Since 30 Jun 20 | TCS
3%₹167 Cr496,212
NTPC Ltd Shs Dematerialised (Utilities)
Equity, Since 30 Apr 22 | 532555
2%₹147 Cr6,675,000
↑ 2,300,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | 532215
2%₹139 Cr1,428,000
↓ -50,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 20 | LT
2%₹132 Cr490,000
↑ 50,000
State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN
2%₹129 Cr2,295,000
↓ -800,000

7. PGIM India Tax Savings Fund

"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 CAGR/Annualized return of 13.9% since its launch.  Return for 2022 was 4.7% , 2021 was 37.5% and 2020 was 17.9% .

Below is the key information for PGIM India Tax Savings Fund

PGIM India Tax Savings Fund
Growth
Launch Date 11 Dec 15
NAV (22 Aug 23) ₹27.17 ↑ 0.10   (0.37 %)
Net Assets (Cr) ₹557 on 31 Jul 23
Category Equity - ELSS
AMC Pramerica Asset Managers Private Limited
Rating Not Rated
Risk Moderately High
Expense Ratio 2.52
Sharpe Ratio 1.1
Information Ratio 0.14
Alpha Ratio 2.51
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Sep 18₹10,000
30 Sep 19₹10,393
30 Sep 20₹10,087
30 Sep 21₹16,778
30 Sep 22₹17,098
30 Sep 23₹19,876

PGIM India Tax Savings Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹426,080.
Net Profit of ₹126,080
Invest Now

Returns for PGIM India Tax Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Jan 22

DurationReturns
1 Month -0.8%
3 Month 7.1%
6 Month 12.6%
1 Year 15.2%
3 Year 23.7%
5 Year 13.3%
10 Year
15 Year
Since launch 13.9%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Bhupesh Kalyani1 Apr 230.42 Yr.
Vinay Paharia1 Apr 230.42 Yr.
Anandha Padmanabhan Anjeneyan1 Apr 230.42 Yr.
Ojasvi Khicha1 Apr 230.42 Yr.

Data below for PGIM India Tax Savings Fund as on 31 Jul 23

Equity Sector Allocation
SectorValue
Financial Services32.38%
Consumer Cyclical10.92%
Consumer Defensive8.68%
Technology8.34%
Industrials7.4%
Basic Materials7.16%
Health Care6.93%
Energy6.62%
Utility3.13%
Communication Services2.01%
Real Estate0.84%
Asset Allocation
Asset ClassValue
Cash4.74%
Equity95.09%
Debt0.17%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK
8%₹45 Cr274,264
↑ 86,772
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 16 | ICICIBANK
7%₹41 Cr411,594
↑ 57,500
Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 17 | RELIANCE
7%₹37 Cr144,750
Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY
5%₹27 Cr198,329
↑ 37,200
Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 21 | 532215
4%₹21 Cr218,000
ITC Ltd Shs Dematerialised (Consumer Defensive)
Equity, Since 31 Aug 17 | ITC
3%₹19 Cr400,000
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Jun 23 | KOTAKBANK
3%₹16 Cr84,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Sep 17 | LT
3%₹14 Cr52,664
↓ -43,000
Torrent Pharmaceuticals Ltd (Healthcare)
Equity, Since 30 Apr 23 | TORNTPHARM
2%₹12 Cr60,976
Equitas Small Finance Bank Ltd Ordinary Shares (Financial Services)
Equity, Since 30 Apr 22 | EQUITASBNK
2%₹12 Cr1,262,500

8. Tata India Tax Savings Fund

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 CAGR/Annualized return of 14.4% since its launch.  Ranked 1 in ELSS category.  Return for 2022 was 5.9% , 2021 was 30.4% and 2020 was 11.9% .

Below is the key information for Tata India Tax Savings Fund

Tata India Tax Savings Fund
Growth
Launch Date 13 Oct 14
NAV (22 Aug 23) ₹32.9538 ↑ 0.08   (0.25 %)
Net Assets (Cr) ₹3,557 on 31 Jul 23
Category Equity - ELSS
AMC Tata Asset Management Limited
Rating
Risk Moderately High
Expense Ratio 1.75
Sharpe Ratio 0.99
Information Ratio -0.18
Alpha Ratio 1.82
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Sep 18₹10,000
30 Sep 19₹11,208
30 Sep 20₹10,875
30 Sep 21₹16,998
30 Sep 22₹17,324
30 Sep 23₹20,455

Tata India Tax Savings Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹415,684.
Net Profit of ₹115,684
Invest Now

Returns for Tata India Tax Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Jan 22

DurationReturns
1 Month 1.2%
3 Month 11.4%
6 Month 14.9%
1 Year 16.4%
3 Year 22.7%
5 Year 12.8%
10 Year
15 Year
Since launch 14.4%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Tejas Gutka9 Mar 212.48 Yr.

Data below for Tata India Tax Savings Fund as on 31 Jul 23

Equity Sector Allocation
SectorValue
Financial Services34.48%
Industrials18.17%
Consumer Cyclical10.44%
Technology7.91%
Basic Materials5.93%
Energy4.84%
Communication Services4.42%
Health Care3.99%
Utility2.86%
Consumer Defensive2.65%
Real Estate1.38%
Asset Allocation
Asset ClassValue
Cash2.43%
Equity97.57%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK
10%₹339 Cr2,160,000
↓ -111,000
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK
6%₹223 Cr2,325,000
Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY
5%₹167 Cr1,160,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE
5%₹162 Cr675,000
State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN
4%₹140 Cr2,500,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 532215
4%₹127 Cr1,300,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 16 | LT
3%₹105 Cr390,000
Radico Khaitan Ltd (Consumer Defensive)
Equity, Since 30 Jun 22 | RADICO
2%₹82 Cr650,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 19 | BHARTIARTL
2%₹81 Cr940,000
PVR INOX Ltd (Communication Services)
Equity, Since 28 Feb 23 | PVRINOX
2%₹79 Cr441,000

ELSS SIP Calculator

Know Your SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹720,000
expected amount after 5 Years is ₹1,074,189.
Net Profit of ₹354,189
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Disclaimer:
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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