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8 Best ELSS Tax Saving Mutual Funds 2024 | fincash.com

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8 Best ELSS Tax Saving Mutual Funds 2024

Updated on June 18, 2024 , 64077 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 2024 – 2025.

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 24 - 25

FundNAVNet Assets (Cr)Rating3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2023 (%)
BOI AXA Tax Advantage Fund Growth ₹171.3
↑ 0.81
₹1,32718.724.758.324.927.534.8
Motilal Oswal Long Term Equity Fund Growth ₹47.9189
↑ 0.30
₹3,436Not Rated24.631.558.225.922.637
JM Tax Gain Fund Growth ₹47.8342
↑ 0.22
₹14624.129.448.824.422.430.9
IDFC Tax Advantage (ELSS) Fund Growth ₹148.273
↑ 0.32
₹6,43210.717.434.220.821.328.3
Kotak Tax Saver Fund Growth ₹115.357
↑ 0.21
₹5,76917.225.641.821.720.623.6
Canara Robeco Equity Tax Saver Growth ₹166.07
↑ 0.35
₹7,92613.915.133.617.320.323.7
HDFC Tax Saver Fund Growth ₹1,297.31
↑ 4.82
₹14,75314.322.347.526.919.733.2
Franklin India Taxshield Growth ₹1,391.1
↑ 4.76
₹6,39813.420.245.121.919.531.2
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 20 Jun 24

*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. 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 20.3% since its launch.  Ranked 13 in ELSS category.  Return for 2023 was 34.8% , 2022 was -1.3% and 2021 was 41.5% .

Below is the key information for BOI AXA Tax Advantage Fund

BOI AXA Tax Advantage Fund
Growth
Launch Date 25 Feb 09
NAV (20 Jun 24) ₹171.3 ↑ 0.81   (0.48 %)
Net Assets (Cr) ₹1,327 on 31 May 24
Category Equity - ELSS
AMC BOI AXA Investment Mngrs Private Ltd
Rating
Risk Moderately High
Expense Ratio 2.49
Sharpe Ratio 2.92
Information Ratio 0.91
Alpha Ratio 10.21
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 May 19₹10,000
31 May 20₹9,392
31 May 21₹16,436
31 May 22₹17,299
31 May 23₹20,079
31 May 24₹30,939

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 ₹598,181.
Net Profit of ₹298,181
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 20 Jun 24

DurationReturns
1 Month 6.4%
3 Month 18.7%
6 Month 24.7%
1 Year 58.3%
3 Year 24.9%
5 Year 27.5%
10 Year
15 Year
Since launch 20.3%
Historical performance (Yearly) on absolute basis
YearReturns
2023 34.8%
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%
Fund Manager information for BOI AXA Tax Advantage Fund
NameSinceTenure
Alok Singh27 Apr 222.01 Yr.

Data below for BOI AXA Tax Advantage Fund as on 31 May 24

Equity Sector Allocation
SectorValue
Financial Services27%
Industrials16.43%
Basic Materials15.59%
Consumer Cyclical11.87%
Health Care6.38%
Energy6.29%
Technology4.49%
Utility4.19%
Consumer Defensive3.89%
Real Estate1.96%
Asset Allocation
Asset ClassValue
Cash1.87%
Equity98.09%
Debt0.04%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN
4%₹57 Cr695,000
↑ 35,000
Canara Bank (Financial Services)
Equity, Since 31 Aug 22 | 532483
4%₹46 Cr745,000
Vedanta Ltd (Basic Materials)
Equity, Since 31 Mar 24 | 500295
3%₹45 Cr1,134,000
↑ 214,000
Oil India Ltd (Energy)
Equity, Since 31 Mar 23 | OIL
3%₹44 Cr702,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK
3%₹39 Cr255,000
↓ -25,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE
3%₹38 Cr130,000
Bank of Baroda (Financial Services)
Equity, Since 31 Oct 22 | 532134
3%₹36 Cr1,286,338
↑ 50,000
Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Jul 23 | HAL
3%₹34 Cr86,000
NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | 532555
3%₹33 Cr920,000
HEG Ltd (Industrials)
Equity, Since 31 Dec 22 | HEG
2%₹31 Cr130,000

2. Motilal Oswal Long Term Equity Fund

(Erstwhile Motilal Oswal MOSt Focused Long Term Fund)

The investment objective of the Scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Motilal Oswal Long Term Equity Fund is a Equity - ELSS fund was launched on 21 Jan 15. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 18.1% since its launch.  Return for 2023 was 37% , 2022 was 1.8% and 2021 was 32.1% .

Below is the key information for Motilal Oswal Long Term Equity Fund

Motilal Oswal Long Term Equity Fund
Growth
Launch Date 21 Jan 15
NAV (20 Jun 24) ₹47.9189 ↑ 0.30   (0.62 %)
Net Assets (Cr) ₹3,436 on 31 May 24
Category Equity - ELSS
AMC Motilal Oswal Asset Management Co. Ltd
Rating Not Rated
Risk Moderately High
Expense Ratio 1.68
Sharpe Ratio 3.33
Information Ratio 0.95
Alpha Ratio 14.82
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 May 19₹10,000
31 May 20₹8,372
31 May 21₹13,529
31 May 22₹14,029
31 May 23₹16,827
31 May 24₹25,789

Motilal Oswal Long Term Equity Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹530,691.
Net Profit of ₹230,691
Invest Now

Returns for Motilal Oswal Long Term Equity Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Jun 24

DurationReturns
1 Month 6.8%
3 Month 24.6%
6 Month 31.5%
1 Year 58.2%
3 Year 25.9%
5 Year 22.6%
10 Year
15 Year
Since launch 18.1%
Historical performance (Yearly) on absolute basis
YearReturns
2023 37%
2022 1.8%
2021 32.1%
2020 8.8%
2019 13.2%
2018 -8.7%
2017 44%
2016 12.5%
2015
2014
Fund Manager information for Motilal Oswal Long Term Equity Fund
NameSinceTenure
Ajay Khandelwal11 Dec 230.39 Yr.
Niket Shah17 Oct 230.54 Yr.
Rakesh Shetty22 Nov 221.44 Yr.

Data below for Motilal Oswal Long Term Equity Fund as on 31 May 24

Equity Sector Allocation
SectorValue
Industrials28.51%
Financial Services24.03%
Consumer Cyclical19.1%
Health Care10.95%
Real Estate7.78%
Basic Materials4.73%
Technology2.51%
Communication Services0.93%
Asset Allocation
Asset ClassValue
Cash1.47%
Equity98.53%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Zomato Ltd (Consumer Cyclical)
Equity, Since 31 Oct 23 | 543320
7%₹242 Cr12,550,000
↓ -450,000
Trent Ltd (Consumer Cyclical)
Equity, Since 31 Aug 22 | 500251
6%₹209 Cr474,799
Jio Financial Services Ltd (Financial Services)
Equity, Since 31 Oct 23 | 543940
6%₹190 Cr5,051,957
↓ -675,000
Prestige Estates Projects Ltd (Real Estate)
Equity, Since 31 Oct 23 | PRESTIGE
5%₹159 Cr1,150,000
IndusInd Bank Ltd (Financial Services)
Equity, Since 31 Mar 23 | INDUSINDBK
4%₹152 Cr1,000,000
Global Health Ltd (Healthcare)
Equity, Since 30 Nov 22 | MEDANTA
4%₹145 Cr1,000,145
↓ -235,000
Kalyan Jewellers India Ltd (Consumer Cyclical)
Equity, Since 31 Oct 23 | KALYANKJIL
4%₹137 Cr3,296,932
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | ICICIBANK
4%₹133 Cr1,160,000
↓ -10,000
Fortis Healthcare Ltd (Healthcare)
Equity, Since 31 Aug 21 | 532843
4%₹122 Cr2,775,000
Apar Industries Ltd (Industrials)
Equity, Since 31 Dec 23 | APARINDS
3%₹117 Cr148,305

3. JM Tax Gain Fund

The investment objective is to generate long-term capital growth from a diversified and actively managed portfolio of equity and equity related securities and to enable investors a deduction from total income, as permitted under the Income Tax Act, 1961 from time to time. However, there can be no assurance that the investment objectives of the Scheme will be realized. The Scheme does not guarantee/indicate any returns.

JM Tax Gain Fund is a Equity - ELSS fund was launched on 31 Mar 08. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 10.1% since its launch.  Ranked 18 in ELSS category.  Return for 2023 was 30.9% , 2022 was 0.5% and 2021 was 32.2% .

Below is the key information for JM Tax Gain Fund

JM Tax Gain Fund
Growth
Launch Date 31 Mar 08
NAV (20 Jun 24) ₹47.8342 ↑ 0.22   (0.46 %)
Net Assets (Cr) ₹146 on 31 May 24
Category Equity - ELSS
AMC JM Financial Asset Management Limited
Rating
Risk Moderately High
Expense Ratio 2.43
Sharpe Ratio 2.63
Information Ratio 0.65
Alpha Ratio 9.68
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 May 19₹10,000
31 May 20₹8,150
31 May 21₹13,988
31 May 22₹15,059
31 May 23₹17,417
31 May 24₹25,266

JM Tax Gain Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹530,691.
Net Profit of ₹230,691
Invest Now

Returns for JM Tax Gain Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Jun 24

DurationReturns
1 Month 6.9%
3 Month 24.1%
6 Month 29.4%
1 Year 48.8%
3 Year 24.4%
5 Year 22.4%
10 Year
15 Year
Since launch 10.1%
Historical performance (Yearly) on absolute basis
YearReturns
2023 30.9%
2022 0.5%
2021 32.2%
2020 18.3%
2019 14.9%
2018 -4.6%
2017 42.6%
2016 5.2%
2015 -0.6%
2014 54.9%
Fund Manager information for JM Tax Gain Fund
NameSinceTenure
Asit Bhandarkar31 Dec 212.33 Yr.
Gurvinder Wasan1 Dec 221.41 Yr.
Chaitanya Choksi18 Jul 149.79 Yr.

Data below for JM Tax Gain Fund as on 31 May 24

Equity Sector Allocation
SectorValue
Industrials20.94%
Financial Services19.33%
Consumer Cyclical13.54%
Basic Materials12.91%
Technology11.61%
Consumer Defensive5.81%
Communication Services5.6%
Utility3.75%
Real Estate2.99%
Health Care2.66%
Asset Allocation
Asset ClassValue
Cash0.88%
Equity99.12%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 11 | HDFCBANK
4%₹6 Cr41,381
↓ -4,750
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Mar 22 | ICICIBANK
4%₹6 Cr50,975
↓ -10,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 10 | LT
4%₹6 Cr15,500
Power Finance Corp Ltd (Financial Services)
Equity, Since 30 Nov 22 | 532810
3%₹4 Cr89,125
Tata Motors Ltd Class A (Consumer Cyclical)
Equity, Since 31 Jul 23 | TATAMTRDVR
3%₹4 Cr57,500
State Bank of India (Financial Services)
Equity, Since 31 Aug 20 | SBIN
3%₹4 Cr45,400
Voltas Ltd (Industrials)
Equity, Since 31 Jan 24 | VOLTAS
3%₹4 Cr24,500
↑ 5,000
Cummins India Ltd (Industrials)
Equity, Since 31 Oct 21 | 500480
3%₹4 Cr11,000
↑ 1,683
Thomas Cook India Ltd (Consumer Cyclical)
Equity, Since 30 Sep 23 | THOMASCOOK
2%₹3 Cr170,537
Thermax Ltd (Industrials)
Equity, Since 31 Dec 23 | THERMAX
2%₹3 Cr7,400
↓ -500

4. 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 19% since its launch.  Ranked 3 in ELSS category.  Return for 2023 was 28.3% , 2022 was 4.2% and 2021 was 49.2% .

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

IDFC Tax Advantage (ELSS) Fund
Growth
Launch Date 26 Dec 08
NAV (20 Jun 24) ₹148.273 ↑ 0.32   (0.22 %)
Net Assets (Cr) ₹6,432 on 30 Apr 24
Category Equity - ELSS
AMC IDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 1.95
Sharpe Ratio 2.78
Information Ratio 0.32
Alpha Ratio 3.8
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 May 19₹10,000
31 May 20₹7,360
31 May 21₹14,479
31 May 22₹16,071
31 May 23₹18,566
31 May 24₹24,393

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 ₹518,033.
Net Profit of ₹218,033
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 20 Jun 24

DurationReturns
1 Month 4.7%
3 Month 10.7%
6 Month 17.4%
1 Year 34.2%
3 Year 20.8%
5 Year 21.3%
10 Year
15 Year
Since launch 19%
Historical performance (Yearly) on absolute basis
YearReturns
2023 28.3%
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%
Fund Manager information for IDFC Tax Advantage (ELSS) Fund
NameSinceTenure
Daylynn Pinto20 Oct 167.53 Yr.
Ritika Behera7 Oct 230.56 Yr.

Data below for IDFC Tax Advantage (ELSS) Fund as on 30 Apr 24

Equity Sector Allocation
SectorValue
Financial Services27.63%
Consumer Cyclical12.67%
Industrials11.34%
Health Care8.73%
Basic Materials8.34%
Consumer Defensive8.06%
Technology7.54%
Energy6.01%
Communication Services3.13%
Utility3.06%
Real Estate0.99%
Asset Allocation
Asset ClassValue
Cash2.51%
Equity97.49%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK
6%₹357 Cr2,350,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK
5%₹345 Cr3,000,000
↓ -400,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE
5%₹323 Cr1,100,000
Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | 532215
4%₹268 Cr2,300,000
↑ 100,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY
3%₹199 Cr1,400,000
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
3%₹198 Cr2,400,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL
2%₹159 Cr1,200,000
↓ -75,000
NTPC Ltd (Utilities)
Equity, Since 30 Sep 22 | 532555
2%₹145 Cr4,000,000
Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS
2%₹141 Cr1,400,000
Jindal Steel & Power Ltd (Basic Materials)
Equity, Since 31 Mar 18 | 532286
2%₹139 Cr1,500,000

5. 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 14.1% since its launch.  Ranked 19 in ELSS category.  Return for 2023 was 23.6% , 2022 was 6.9% and 2021 was 33.2% .

Below is the key information for Kotak Tax Saver Fund

Kotak Tax Saver Fund
Growth
Launch Date 23 Nov 05
NAV (20 Jun 24) ₹115.357 ↑ 0.21   (0.18 %)
Net Assets (Cr) ₹5,769 on 31 May 24
Category Equity - ELSS
AMC Kotak Mahindra Asset Management Co Ltd
Rating
Risk Moderately High
Expense Ratio 1.97
Sharpe Ratio 2.98
Information Ratio 0.55
Alpha Ratio 8.84
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 May 19₹10,000
31 May 20₹8,288
31 May 21₹13,716
31 May 22₹14,859
31 May 23₹17,266
31 May 24₹24,009

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 ₹505,644.
Net Profit of ₹205,644
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 20 Jun 24

DurationReturns
1 Month 5.3%
3 Month 17.2%
6 Month 25.6%
1 Year 41.8%
3 Year 21.7%
5 Year 20.6%
10 Year
15 Year
Since launch 14.1%
Historical performance (Yearly) on absolute basis
YearReturns
2023 23.6%
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%
Fund Manager information for Kotak Tax Saver Fund
NameSinceTenure
Harsha Upadhyaya25 Aug 158.69 Yr.

Data below for Kotak Tax Saver Fund as on 31 May 24

Equity Sector Allocation
SectorValue
Financial Services23.09%
Industrials19.26%
Consumer Cyclical14.04%
Basic Materials13.69%
Utility7.53%
Energy6.81%
Health Care4.15%
Technology3.83%
Consumer Defensive3.04%
Communication Services2.95%
Asset Allocation
Asset ClassValue
Cash1.59%
Equity98.41%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 21 | MARUTI
5%₹288 Cr225,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 23 | HDFCBANK
5%₹266 Cr1,750,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
4%₹242 Cr2,100,000
State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN
4%₹223 Cr2,700,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 14 | LT
4%₹212 Cr588,501
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | 532215
4%₹210 Cr1,800,000
NTPC Ltd (Utilities)
Equity, Since 30 Sep 22 | 532555
3%₹182 Cr5,000,000
Linde India Ltd (Basic Materials)
Equity, Since 31 Oct 16 | 523457
3%₹165 Cr200,000
Bosch Ltd (Consumer Cyclical)
Equity, Since 28 Feb 23 | 500530
3%₹153 Cr52,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE
3%₹147 Cr500,000

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 20% since its launch.  Ranked 36 in ELSS category.  Return for 2023 was 23.7% , 2022 was -0.2% and 2021 was 35.1% .

Below is the key information for Canara Robeco Equity Tax Saver

Canara Robeco Equity Tax Saver
Growth
Launch Date 2 Feb 09
NAV (20 Jun 24) ₹166.07 ↑ 0.35   (0.21 %)
Net Assets (Cr) ₹7,926 on 31 May 24
Category Equity - ELSS
AMC Canara Robeco Asset Management Co. Ltd.
Rating
Risk Moderately High
Expense Ratio 1.96
Sharpe Ratio 2.04
Information Ratio -0.6
Alpha Ratio -1.47
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 May 19₹10,000
31 May 20₹8,822
31 May 21₹14,928
31 May 22₹15,832
31 May 23₹17,891
31 May 24₹23,301

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 ₹505,644.
Net Profit of ₹205,644
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 20 Jun 24

DurationReturns
1 Month 5.6%
3 Month 13.9%
6 Month 15.1%
1 Year 33.6%
3 Year 17.3%
5 Year 20.3%
10 Year
15 Year
Since launch 20%
Historical performance (Yearly) on absolute basis
YearReturns
2023 23.7%
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%
Fund Manager information for Canara Robeco Equity Tax Saver
NameSinceTenure
Vishal Mishra26 Jun 212.85 Yr.
Shridatta Bhandwaldar1 Oct 194.58 Yr.

Data below for Canara Robeco Equity Tax Saver as on 31 May 24

Equity Sector Allocation
SectorValue
Financial Services29.51%
Industrials13.2%
Consumer Cyclical12.86%
Technology9.6%
Energy6.53%
Basic Materials6.26%
Consumer Defensive6.09%
Health Care5.03%
Communication Services3.22%
Utility2.88%
Real Estate1.04%
Asset Allocation
Asset ClassValue
Cash3.79%
Equity96.21%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 08 | HDFCBANK
7%₹515 Cr3,387,584
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK
6%₹463 Cr4,026,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 19 | RELIANCE
4%₹347 Cr1,181,000
↑ 50,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 18 | INFY
4%₹314 Cr2,211,310
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 20 | LT
3%₹239 Cr664,369
↑ 50,000
NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | 532555
3%₹223 Cr6,150,988
↓ -24,012
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 21 | BHARTIARTL
3%₹204 Cr1,540,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 20 | TCS
2%₹187 Cr490,073
State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN
2%₹183 Cr2,220,000
REC Ltd (Financial Services)
Equity, Since 31 Aug 23 | 532955
2%₹181 Cr3,575,000

7. HDFC Tax Saver Fund

The fund plans to provide long term growth of capital.

HDFC Tax Saver Fund is a Equity - ELSS fund was launched on 31 Mar 96. It is a fund with Moderately High risk and has given a CAGR/Annualized return of since its launch.  Ranked 27 in ELSS category.  Return for 2023 was 33.2% , 2022 was 10.5% and 2021 was 35.3% .

Below is the key information for HDFC Tax Saver Fund

HDFC Tax Saver Fund
Growth
Launch Date 31 Mar 96
NAV (20 Jun 24) ₹1,297.31 ↑ 4.82   (0.37 %)
Net Assets (Cr) ₹14,753 on 31 May 24
Category Equity - ELSS
AMC HDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 1.84
Sharpe Ratio 3.11
Information Ratio 2.12
Alpha Ratio 8.78
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 May 19₹10,000
31 May 20₹7,422
31 May 21₹11,668
31 May 22₹13,566
31 May 23₹15,862
31 May 24₹22,964

HDFC 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 ₹493,520.
Net Profit of ₹193,520
Invest Now

Returns for HDFC 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 20 Jun 24

DurationReturns
1 Month 6.5%
3 Month 14.3%
6 Month 22.3%
1 Year 47.5%
3 Year 26.9%
5 Year 19.7%
10 Year
15 Year
Since launch
Historical performance (Yearly) on absolute basis
YearReturns
2023 33.2%
2022 10.5%
2021 35.3%
2020 5.8%
2019 3.7%
2018 -10.9%
2017 38.7%
2016 7.6%
2015 -6.2%
2014 56.4%
Fund Manager information for HDFC Tax Saver Fund
NameSinceTenure
Roshi Jain13 Jan 222.3 Yr.
Dhruv Muchhal22 Jun 230.86 Yr.

Data below for HDFC Tax Saver Fund as on 31 May 24

Equity Sector Allocation
SectorValue
Financial Services40.59%
Health Care12.82%
Industrials9.34%
Consumer Cyclical8.09%
Technology7.61%
Communication Services5.5%
Utility3.62%
Real Estate2.53%
Energy1.57%
Basic Materials0.8%
Asset Allocation
Asset ClassValue
Cash7.18%
Equity92.47%
Debt0.35%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
10%₹1,438 Cr12,500,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 15 | HDFCBANK
10%₹1,391 Cr9,150,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | 532215
7%₹1,003 Cr8,600,000
↑ 400,000
Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Jan 22 | HAL
6%₹867 Cr2,200,000
↓ -200,000
State Bank of India (Financial Services)
Equity, Since 31 Dec 06 | SBIN
6%₹826 Cr10,000,000
Cipla Ltd (Healthcare)
Equity, Since 31 Oct 09 | 500087
5%₹728 Cr5,200,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 19 | BHARTIARTL
5%₹701 Cr5,300,000
SBI Life Insurance Company Limited (Financial Services)
Equity, Since 31 Jan 22 | SBILIFE
4%₹618 Cr4,300,000
HCL Technologies Ltd (Technology)
Equity, Since 30 Sep 20 | HCLTECH
4%₹527 Cr3,853,000
Apollo Hospitals Enterprise Ltd (Healthcare)
Equity, Since 30 Sep 22 | APOLLOHOSP
3%₹476 Cr800,040

8. Franklin India Taxshield

The primary objective for Franklin IndiaTaxshield is to provide medium to long term growth of capital along with income tax rebate

Franklin India Taxshield is a Equity - ELSS fund was launched on 10 Apr 99. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 21.6% since its launch.  Ranked 28 in ELSS category.  Return for 2023 was 31.2% , 2022 was 5.4% and 2021 was 36.7% .

Below is the key information for Franklin India Taxshield

Franklin India Taxshield
Growth
Launch Date 10 Apr 99
NAV (20 Jun 24) ₹1,391.1 ↑ 4.76   (0.34 %)
Net Assets (Cr) ₹6,398 on 31 May 24
Category Equity - ELSS
AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating
Risk Moderately High
Expense Ratio 1.91
Sharpe Ratio 2.92
Information Ratio 0.7
Alpha Ratio 6.73
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 May 19₹10,000
31 May 20₹7,494
31 May 21₹13,015
31 May 22₹14,105
31 May 23₹16,120
31 May 24₹22,842

Franklin India Taxshield SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹493,520.
Net Profit of ₹193,520
Invest Now

Returns for Franklin India Taxshield

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Jun 24

DurationReturns
1 Month 5.6%
3 Month 13.4%
6 Month 20.2%
1 Year 45.1%
3 Year 21.9%
5 Year 19.5%
10 Year
15 Year
Since launch 21.6%
Historical performance (Yearly) on absolute basis
YearReturns
2023 31.2%
2022 5.4%
2021 36.7%
2020 9.8%
2019 5.1%
2018 -3%
2017 29.1%
2016 4.7%
2015 4%
2014 56.9%
Fund Manager information for Franklin India Taxshield
NameSinceTenure
R. Janakiraman2 May 168 Yr.
Rajasa Kakulavarapu1 Dec 230.42 Yr.

Data below for Franklin India Taxshield as on 31 May 24

Equity Sector Allocation
SectorValue
Financial Services26.95%
Industrials15.79%
Consumer Cyclical12.3%
Technology9.29%
Consumer Defensive6.95%
Basic Materials5.62%
Utility5.29%
Communication Services5.22%
Health Care4.42%
Energy4.35%
Real Estate0.62%
Asset Allocation
Asset ClassValue
Cash3.18%
Equity96.82%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK
8%₹507 Cr4,405,000
↓ -195,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 07 | HDFCBANK
7%₹433 Cr2,848,937
↑ 148,937
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 07 | BHARTIARTL
5%₹333 Cr2,520,000
↓ -180,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 19 | LT
5%₹332 Cr925,000
↓ -39,705
Infosys Ltd (Technology)
Equity, Since 29 Feb 12 | INFY
5%₹296 Cr2,084,000
State Bank of India (Financial Services)
Equity, Since 31 Aug 15 | SBIN
4%₹269 Cr3,251,300
Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 14 | 532215
4%₹263 Cr2,252,948
NTPC Ltd (Utilities)
Equity, Since 31 Oct 16 | 532555
3%₹213 Cr5,867,776
HCL Technologies Ltd (Technology)
Equity, Since 31 Oct 21 | HCLTECH
3%₹204 Cr1,491,000
United Spirits Ltd (Consumer Defensive)
Equity, Since 31 Oct 18 | MCDOWELL-N
3%₹194 Cr1,650,000

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
Invest Now

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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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