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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 IDFC Tax Advantage (ELSS) Fund Growth ₹117.121
↑ 0.52 ₹5,014 ☆☆☆☆☆ 11.5 18.2 21 29.6 15.1 4.2 BOI AXA Tax Advantage Fund Growth ₹113.96
↑ 0.25 ₹841 ☆☆☆ 10.6 17.3 19.1 24.2 14.8 -1.3 Kotak Tax Saver Fund Growth ₹85.294
↑ 0.43 ₹4,051 ☆☆☆ 9.8 15.1 18 24 14.4 6.9 DSP BlackRock Tax Saver Fund Growth ₹94.037
↑ 0.36 ₹11,805 ☆☆☆☆ 10.7 15.8 17 24.2 14.3 4.5 Canara Robeco Equity Tax Saver Growth ₹128.12
↑ 0.37 ₹5,979 ☆ 7.2 12.2 11.2 21.7 14.2 -0.2 PGIM India Tax Savings Fund Growth ₹27.17
↑ 0.10 ₹557 7.1 12.6 15.2 23.7 13.3 4.7 Tata India Tax Savings Fund Growth ₹32.9538
↑ 0.08 ₹3,557 ☆☆☆☆☆ 11.4 14.9 16.4 22.7 12.8 5.9 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 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 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 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 (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 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 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 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 Sep 18 ₹10,000 30 Sep 19 ₹10,621 30 Sep 20 ₹10,012 30 Sep 21 ₹16,651
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. IDFC Tax Advantage (ELSS) Fund
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% . 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.
Date Value 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 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 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
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 6.87 Yr. Nishita Shah 31 Jul 23 0.09 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 31 Jul 23
Equity Sector Allocation
Sector Value Financial Services 26.52% Industrials 15.15% Consumer Cyclical 13.31% Basic Materials 10.56% Technology 8.39% Health Care 7.15% Consumer Defensive 6.64% Energy 4.27% Communication Services 2.15% Utility 1.74% Asset Allocation
Asset Class Value Cash 4.11% Equity 95.89% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK7% ₹364 Cr 3,800,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK6% ₹284 Cr 1,806,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE4% ₹217 Cr 900,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | 5322154% ₹195 Cr 2,000,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY4% ₹194 Cr 1,350,000 State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN3% ₹152 Cr 2,700,000 Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS3% ₹150 Cr 2,500,000
↓ -100,000 NCC Ltd (Industrials)
Equity, Since 28 Feb 19 | NCC2% ₹115 Cr 6,800,000
↓ -700,000 KEC International Ltd (Industrials)
Equity, Since 30 Sep 15 | 5327142% ₹114 Cr 1,700,000 Jindal Steel & Power Ltd Shs Dematerialised (Basic Materials)
Equity, Since 31 Mar 18 | 5322862% ₹110 Cr 1,600,000 3. BOI AXA Tax Advantage Fund
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% . 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.
Date Value 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 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 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
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 1.35 Yr. Data below for BOI AXA Tax Advantage Fund as on 31 Jul 23
Equity Sector Allocation
Sector Value Financial Services 34.39% Industrials 13.46% Basic Materials 9.36% Consumer Cyclical 8.78% Consumer Defensive 8.62% Health Care 8.02% Utility 5.61% Technology 4.23% Energy 3.57% Real Estate 3.23% Asset Allocation
Asset Class Value Cash 0.66% Equity 99.28% Debt 0.06% Top Securities Holdings / Portfolio
Name Holding Value Quantity State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN5% ₹42 Cr 740,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK5% ₹41 Cr 264,000
↓ -62,000 Bank of Baroda (Financial Services)
Equity, Since 31 Oct 22 | 5321344% ₹31 Cr 1,650,000
↑ 525,000 Power Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 23 | 5328103% ₹29 Cr 1,110,000 Canara Bank (Financial Services)
Equity, Since 31 Aug 22 | 5324833% ₹29 Cr 895,000 NTPC Ltd Shs Dematerialised (Utilities)
Equity, Since 30 Apr 22 | 5325553% ₹28 Cr 1,260,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK3% ₹25 Cr 260,000
↓ -65,000 Union Bank of India (Financial Services)
Equity, Since 31 Dec 22 | UNIONBANK3% ₹23 Cr 2,725,875
↑ 1,135,875 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Jun 22 | SUNPHARMA3% ₹22 Cr 201,000
↑ 24,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE3% ₹22 Cr 91,009 4. Kotak Tax Saver Fund
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% . 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.
Date Value 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 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 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
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 8.02 Yr. Data below for Kotak Tax Saver Fund as on 31 Jul 23
Equity Sector Allocation
Sector Value Asset Allocation
Asset Class Value Cash 1.36% Equity 98.64% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK6% ₹242 Cr 2,525,000 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 21 | MARUTI5% ₹210 Cr 210,000
↑ 30,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | 5322154% ₹175 Cr 1,800,000 ITC Ltd (Consumer Defensive)
Equity, Since 31 Oct 21 | ITC4% ₹163 Cr 3,700,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 14 | LT4% ₹162 Cr 600,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 23 | HDFCBANK4% ₹157 Cr 1,000,001 State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN4% ₹152 Cr 2,700,000
↓ -200,000 Linde India Ltd (Basic Materials)
Equity, Since 31 Oct 16 | 5234573% ₹125 Cr 200,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE3% ₹120 Cr 500,000 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Oct 22 | HINDUNILVR3% ₹119 Cr 475,000 5. DSP BlackRock Tax Saver Fund
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% . 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.
Date Value 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 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 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
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 8.13 Yr. Charanjit Singh 1 May 23 0.34 Yr. Data below for DSP BlackRock Tax Saver Fund as on 31 Jul 23
Equity Sector Allocation
Sector Value Financial Services 34.7% Consumer Cyclical 12.89% Health Care 9.54% Basic Materials 8.71% Technology 8.33% Industrials 7.36% Consumer Defensive 5.29% Utility 4.58% Energy 4.26% Communication Services 1.74% Real Estate 1.04% Asset Allocation
Asset Class Value Cash 1.56% Equity 98.44% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK7% ₹835 Cr 8,713,455
↓ -120,140 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK7% ₹805 Cr 5,119,919 State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN4% ₹452 Cr 8,046,247
↓ -1,061,717 Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 5322154% ₹439 Cr 4,504,394
↓ -124,379 Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY4% ₹432 Cr 3,008,571
↓ -124,708 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 30 Nov 21 | M&M3% ₹370 Cr 2,346,215
↑ 101,987 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Nov 22 | HINDUNILVR3% ₹337 Cr 1,346,783
↑ 69,301 HCL Technologies Ltd (Technology)
Equity, Since 31 Mar 21 | HCLTECH2% ₹278 Cr 2,371,510
↑ 207,007 NTPC Ltd (Utilities)
Equity, Since 31 Jan 19 | 5325552% ₹264 Cr 12,001,061
↑ 1,622,287 Power Finance Corp Ltd (Financial Services)
Equity, Since 31 Dec 22 | 5328102% ₹251 Cr 9,632,140
↑ 4,109,538 6. Canara Robeco Equity Tax Saver
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% . 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.
Date Value 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 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 -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
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 2.18 Yr. Shridatta Bhandwaldar 1 Oct 19 3.92 Yr. Data below for Canara Robeco Equity Tax Saver as on 31 Jul 23
Equity Sector Allocation
Sector Value Financial Services 32.47% Consumer Cyclical 12.97% Technology 10.81% Industrials 10.68% Basic Materials 7.61% Health Care 5.68% Consumer Defensive 5.43% Energy 4.62% Utility 2.46% Communication Services 2.15% Real Estate 1.02% Asset Allocation
Asset Class Value Cash 4.1% Equity 95.9% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 08 | HDFCBANK9% ₹548 Cr 3,487,584 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK6% ₹386 Cr 4,026,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 18 | INFY6% ₹332 Cr 2,311,310 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 19 | RELIANCE4% ₹237 Cr 986,000
↓ -125,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 19 | 5000343% ₹170 Cr 237,950
↑ 5,000 Tata Consultancy Services Ltd Shs Dematerialised (Technology)
Equity, Since 30 Jun 20 | TCS3% ₹167 Cr 496,212 NTPC Ltd Shs Dematerialised (Utilities)
Equity, Since 30 Apr 22 | 5325552% ₹147 Cr 6,675,000
↑ 2,300,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | 5322152% ₹139 Cr 1,428,000
↓ -50,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 20 | LT2% ₹132 Cr 490,000
↑ 50,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN2% ₹129 Cr 2,295,000
↓ -800,000 7. PGIM India Tax Savings Fund
CAGR/Annualized return of 13.9% 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 (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 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.
Date Value 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 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 -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
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 0.42 Yr. Vinay Paharia 1 Apr 23 0.42 Yr. Anandha Padmanabhan Anjeneyan 1 Apr 23 0.42 Yr. Ojasvi Khicha 1 Apr 23 0.42 Yr. Data below for PGIM India Tax Savings Fund as on 31 Jul 23
Equity Sector Allocation
Sector Value Financial Services 32.38% Consumer Cyclical 10.92% Consumer Defensive 8.68% Technology 8.34% Industrials 7.4% Basic Materials 7.16% Health Care 6.93% Energy 6.62% Utility 3.13% Communication Services 2.01% Real Estate 0.84% Asset Allocation
Asset Class Value Cash 4.74% Equity 95.09% Debt 0.17% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK8% ₹45 Cr 274,264
↑ 86,772 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 16 | ICICIBANK7% ₹41 Cr 411,594
↑ 57,500 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 17 | RELIANCE7% ₹37 Cr 144,750 Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY5% ₹27 Cr 198,329
↑ 37,200 Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 21 | 5322154% ₹21 Cr 218,000 ITC Ltd Shs Dematerialised (Consumer Defensive)
Equity, Since 31 Aug 17 | ITC3% ₹19 Cr 400,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Jun 23 | KOTAKBANK3% ₹16 Cr 84,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Sep 17 | LT3% ₹14 Cr 52,664
↓ -43,000 Torrent Pharmaceuticals Ltd (Healthcare)
Equity, Since 30 Apr 23 | TORNTPHARM2% ₹12 Cr 60,976 Equitas Small Finance Bank Ltd Ordinary Shares (Financial Services)
Equity, Since 30 Apr 22 | EQUITASBNK2% ₹12 Cr 1,262,500 8. Tata India Tax Savings Fund
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% . 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.
Date Value 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 Returns for Tata 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 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
Year Returns 2022 5.9% 2021 30.4% 2020 11.9% 2019 13.6% 2018 -8.4% 2017 46% 2016 2.1% 2015 13.3% 2014 2013 Fund Manager information for Tata India Tax Savings Fund
Name Since Tenure Tejas Gutka 9 Mar 21 2.48 Yr. Data below for Tata India Tax Savings Fund as on 31 Jul 23
Equity Sector Allocation
Sector Value Financial Services 34.48% Industrials 18.17% Consumer Cyclical 10.44% Technology 7.91% Basic Materials 5.93% Energy 4.84% Communication Services 4.42% Health Care 3.99% Utility 2.86% Consumer Defensive 2.65% Real Estate 1.38% Asset Allocation
Asset Class Value Cash 2.43% Equity 97.57% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK10% ₹339 Cr 2,160,000
↓ -111,000 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK6% ₹223 Cr 2,325,000 Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY5% ₹167 Cr 1,160,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE5% ₹162 Cr 675,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN4% ₹140 Cr 2,500,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322154% ₹127 Cr 1,300,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 16 | LT3% ₹105 Cr 390,000 Radico Khaitan Ltd (Consumer Defensive)
Equity, Since 30 Jun 22 | RADICO2% ₹82 Cr 650,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 19 | BHARTIARTL2% ₹81 Cr 940,000 PVR INOX Ltd (Communication Services)
Equity, Since 28 Feb 23 | PVRINOX2% ₹79 Cr 441,000
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