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8 Best ELSS Tax Saving Mutual Funds 2024
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 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
Fund NAV Net Assets (Cr) Rating 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) BOI AXA Tax Advantage Fund Growth ₹172.53
↑ 1.22 ₹1,485 ☆☆☆ 2.4 20.4 44.2 19.2 28.4 34.8 Motilal Oswal Long Term Equity Fund Growth ₹54.555
↑ 0.33 ₹3,835 16.5 43.2 66.2 25.7 26.8 37 JM Tax Gain Fund Growth ₹52.2615
↑ 0.19 ₹173 ☆☆☆ 11.9 35.9 51.5 23 25.6 30.9 IDFC Tax Advantage (ELSS) Fund Growth ₹159.232
↑ 0.15 ₹7,179 ☆☆☆☆☆ 8.1 18.8 31.8 19.8 25.1 28.3 Canara Robeco Equity Tax Saver Growth ₹180.82
↑ 0.11 ₹8,876 ☆ 9.7 23.6 36.7 16.1 23.9 23.7 Kotak Tax Saver Fund Growth ₹120.495
↑ 0.34 ₹6,335 ☆☆☆ 4.9 22.8 37.1 19.5 23.3 23.6 Franklin India Taxshield Growth ₹1,521.92
↓ -0.18 ₹7,060 ☆☆ 10.8 23.7 42.3 22.3 23 31.2 Invesco India Tax Plan Growth ₹131.51
↑ 0.52 ₹2,946 ☆☆☆ 12.3 28.2 43.4 17.3 22.1 30.9 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 13 Sep 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.
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 (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 Below is the key information for Motilal Oswal Long Term Equity Fund Returns up to 1 year are on 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 Below is the key information for JM Tax Gain 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 (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 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 Below is the key information for Franklin India Taxshield Returns up to 1 year are on The investment objective of the Scheme is to generate long term capital growth from a diversified portfolio of predominantly equity and equity-related securities. Invesco India Tax Plan is a Equity - ELSS fund was launched on 29 Dec 06. It is a fund with Moderately High risk and has given a Below is the key information for Invesco India Tax Plan Returns up to 1 year are on 1. BOI AXA Tax Advantage Fund
CAGR/Annualized return of 20.1% since its launch. Ranked 13 in ELSS category. Return for 2023 was 34.8% , 2022 was -1.3% and 2021 was 41.5% . BOI AXA Tax Advantage Fund
Growth Launch Date 25 Feb 09 NAV (13 Sep 24) ₹172.53 ↑ 1.22 (0.71 %) Net Assets (Cr) ₹1,485 on 31 Jul 24 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.37 Sharpe Ratio 2.88 Information Ratio 0.38 Alpha Ratio 9.17 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Aug 19 ₹10,000 31 Aug 20 ₹12,031 31 Aug 21 ₹20,377 31 Aug 22 ₹20,248 31 Aug 23 ₹23,493 31 Aug 24 ₹36,142 Returns for BOI AXA Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 13 Sep 24 Duration Returns 1 Month 2% 3 Month 2.4% 6 Month 20.4% 1 Year 44.2% 3 Year 19.2% 5 Year 28.4% 10 Year 15 Year Since launch 20.1% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Alok Singh 27 Apr 22 2.26 Yr. Data below for BOI AXA Tax Advantage Fund as on 31 Jul 24
Equity Sector Allocation
Sector Value Financial Services 26.72% Industrials 19.39% Basic Materials 15.74% Consumer Cyclical 11.27% Energy 6.41% Technology 5.82% Utility 4.38% Consumer Defensive 4% Health Care 3.6% Real Estate 1.95% Asset Allocation
Asset Class Value Cash 0.67% Equity 99.29% Debt 0.04% Top Securities Holdings / Portfolio
Name Holding Value Quantity State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN4% ₹66 Cr 752,000 Oil India Ltd (Energy)
Equity, Since 31 Mar 23 | OIL4% ₹61 Cr 1,053,000 Vedanta Ltd (Basic Materials)
Equity, Since 31 Mar 24 | 5002954% ₹55 Cr 1,211,000 Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Jul 23 | HAL3% ₹49 Cr 99,900 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK3% ₹47 Cr 290,000
↑ 67,000 Canara Bank (Financial Services)
Equity, Since 31 Aug 22 | 5324833% ₹40 Cr 3,500,000 NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | 5325553% ₹40 Cr 955,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE2% ₹34 Cr 114,000 Bank of Baroda (Financial Services)
Equity, Since 31 Oct 22 | 5321342% ₹33 Cr 1,286,338 Bharat Forge Ltd (Consumer Cyclical)
Equity, Since 31 Mar 24 | 5004932% ₹32 Cr 187,000 2. Motilal Oswal Long Term Equity Fund
CAGR/Annualized return of 19.2% since its launch. Return for 2023 was 37% , 2022 was 1.8% and 2021 was 32.1% . Motilal Oswal Long Term Equity Fund
Growth Launch Date 21 Jan 15 NAV (13 Sep 24) ₹54.555 ↑ 0.33 (0.61 %) Net Assets (Cr) ₹3,835 on 31 Jul 24 Category Equity - ELSS AMC Motilal Oswal Asset Management Co. Ltd Rating Risk Moderately High Expense Ratio 0.74 Sharpe Ratio 3.45 Information Ratio 0.66 Alpha Ratio 15.46 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Aug 19 ₹10,000 31 Aug 20 ₹9,964 31 Aug 21 ₹16,313 31 Aug 22 ₹15,950 31 Aug 23 ₹19,302 31 Aug 24 ₹31,307 Returns for Motilal Oswal Long Term Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 13 Sep 24 Duration Returns 1 Month 9.3% 3 Month 16.5% 6 Month 43.2% 1 Year 66.2% 3 Year 25.7% 5 Year 26.8% 10 Year 15 Year Since launch 19.2% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Ajay Khandelwal 11 Dec 23 0.64 Yr. Niket Shah 17 Oct 23 0.79 Yr. Rakesh Shetty 22 Nov 22 1.69 Yr. Data below for Motilal Oswal Long Term Equity Fund as on 31 Jul 24
Equity Sector Allocation
Sector Value Industrials 35.43% Consumer Cyclical 21.53% Financial Services 20.51% Real Estate 8.4% Health Care 5.59% Technology 2.77% Basic Materials 2.73% Communication Services 2.31% Asset Allocation
Asset Class Value Cash 0.74% Equity 99.26% Top Securities Holdings / Portfolio
Name Holding Value Quantity Zomato Ltd (Consumer Cyclical)
Equity, Since 31 Oct 23 | 5433208% ₹288 Cr 12,550,000 Trent Ltd (Consumer Cyclical)
Equity, Since 31 Aug 22 | 5002517% ₹257 Cr 439,590 Prestige Estates Projects Ltd (Real Estate)
Equity, Since 31 Oct 23 | PRESTIGE5% ₹192 Cr 1,055,205 Kalyan Jewellers India Ltd (Consumer Cyclical)
Equity, Since 31 Oct 23 | KALYANKJIL5% ₹191 Cr 3,296,932 Suzlon Energy Ltd (Industrials)
Equity, Since 31 Jan 24 | SUZLON4% ₹167 Cr 24,068,813
↑ 3,259,929 Inox Wind Ltd (Industrials)
Equity, Since 31 Dec 23 | INOXWIND4% ₹146 Cr 7,946,960
↑ 894,432 Bharat Dynamics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Dec 23 | BDL4% ₹145 Cr 992,768 CG Power & Industrial Solutions Ltd (Industrials)
Equity, Since 30 Nov 23 | 5000934% ₹138 Cr 1,875,000 Apar Industries Ltd (Industrials)
Equity, Since 31 Dec 23 | APARINDS4% ₹137 Cr 148,305 Kaynes Technology India Ltd (Industrials)
Equity, Since 30 Jun 23 | KAYNES3% ₹133 Cr 298,614
↓ -2,386 3. JM Tax Gain Fund
CAGR/Annualized return of 10.6% since its launch. Ranked 18 in ELSS category. Return for 2023 was 30.9% , 2022 was 0.5% and 2021 was 32.2% . JM Tax Gain Fund
Growth Launch Date 31 Mar 08 NAV (13 Sep 24) ₹52.2615 ↑ 0.19 (0.37 %) Net Assets (Cr) ₹173 on 31 Jul 24 Category Equity - ELSS AMC JM Financial Asset Management Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.4 Sharpe Ratio 2.79 Information Ratio 0.71 Alpha Ratio 10.16 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Aug 19 ₹10,000 31 Aug 20 ₹10,374 31 Aug 21 ₹16,596 31 Aug 22 ₹17,115 31 Aug 23 ₹20,445 31 Aug 24 ₹31,271 Returns for JM Tax Gain Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 13 Sep 24 Duration Returns 1 Month 5.9% 3 Month 11.9% 6 Month 35.9% 1 Year 51.5% 3 Year 23% 5 Year 25.6% 10 Year 15 Year Since launch 10.6% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Asit Bhandarkar 31 Dec 21 2.58 Yr. Gurvinder Wasan 1 Dec 22 1.67 Yr. Chaitanya Choksi 18 Jul 14 10.04 Yr. Data below for JM Tax Gain Fund as on 31 Jul 24
Equity Sector Allocation
Sector Value Industrials 25.28% Financial Services 16.54% Basic Materials 16.4% Consumer Cyclical 13.31% Technology 11.01% Consumer Defensive 6.93% Communication Services 3.85% Health Care 2.45% Real Estate 1.94% Utility 1.92% Asset Allocation
Asset Class Value Cash 0.37% Equity 99.63% Top Securities Holdings / Portfolio
Name Holding Value Quantity Infosys Ltd (Technology)
Equity, Since 31 Aug 18 | INFY4% ₹7 Cr 35,465
↑ 8,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 10 | LT4% ₹6 Cr 16,750
↑ 1,250 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Mar 22 | ICICIBANK4% ₹6 Cr 50,975 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 11 | HDFCBANK4% ₹6 Cr 37,631
↓ -1,500 Tata Motors Ltd Class A (Consumer Cyclical)
Equity, Since 31 Jul 23 | TATAMTRDVR3% ₹5 Cr 57,500 Power Finance Corp Ltd (Financial Services)
Equity, Since 30 Nov 22 | 5328102% ₹4 Cr 77,625
↓ -10,000 Suzlon Energy Ltd (Industrials)
Equity, Since 31 Mar 24 | SUZLON2% ₹4 Cr 555,000
↑ 50,000 Voltas Ltd (Industrials)
Equity, Since 31 Jan 24 | VOLTAS2% ₹4 Cr 24,500 Housing & Urban Development Corp Ltd (Financial Services)
Equity, Since 29 Feb 24 | HUDCO2% ₹4 Cr 115,000 Jyothy Labs Ltd (Consumer Defensive)
Equity, Since 31 Jul 23 | 5329262% ₹4 Cr 67,038 4. IDFC Tax Advantage (ELSS) Fund
CAGR/Annualized return of 19.3% since its launch. Ranked 3 in ELSS category. Return for 2023 was 28.3% , 2022 was 4.2% and 2021 was 49.2% . IDFC Tax Advantage (ELSS) Fund
Growth Launch Date 26 Dec 08 NAV (13 Sep 24) ₹159.232 ↑ 0.15 (0.09 %) Net Assets (Cr) ₹7,179 on 31 Jul 24 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.79 Sharpe Ratio 2.24 Information Ratio 0 Alpha Ratio 0 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Aug 19 ₹10,000 31 Aug 20 ₹10,557 31 Aug 21 ₹17,821 31 Aug 22 ₹19,578 31 Aug 23 ₹23,335 31 Aug 24 ₹31,180 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 13 Sep 24 Duration Returns 1 Month 5.3% 3 Month 8.1% 6 Month 18.8% 1 Year 31.8% 3 Year 19.8% 5 Year 25.1% 10 Year 15 Year Since launch 19.3% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Daylynn Pinto 20 Oct 16 7.78 Yr. Ritika Behera 7 Oct 23 0.82 Yr. Gaurav Satra 10 Jun 24 0.14 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 31 Jul 24
Equity Sector Allocation
Sector Value Financial Services 25.35% Consumer Cyclical 12.01% Industrials 10.62% Technology 10.54% Health Care 9.14% Consumer Defensive 8.24% Basic Materials 8.06% Energy 5.93% Communication Services 3.18% Utility 3.14% Real Estate 2.15% Asset Allocation
Asset Class Value Cash 1.6% Equity 98.4% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK5% ₹388 Cr 2,400,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK5% ₹364 Cr 3,000,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE5% ₹346 Cr 1,150,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | 5322154% ₹268 Cr 2,300,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY4% ₹262 Cr 1,400,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL2% ₹179 Cr 1,200,000 NTPC Ltd (Utilities)
Equity, Since 30 Sep 22 | 5325552% ₹166 Cr 4,000,000 CG Power & Industrial Solutions Ltd (Industrials)
Equity, Since 31 Aug 17 | 5000932% ₹155 Cr 2,100,000 Jindal Steel & Power Ltd (Basic Materials)
Equity, Since 31 Mar 18 | 5322862% ₹148 Cr 1,500,000 Cipla Ltd (Healthcare)
Equity, Since 30 Sep 20 | 5000872% ₹139 Cr 900,000 5. Canara Robeco Equity Tax Saver
CAGR/Annualized return of 20.4% since its launch. Ranked 36 in ELSS category. Return for 2023 was 23.7% , 2022 was -0.2% and 2021 was 35.1% . Canara Robeco Equity Tax Saver
Growth Launch Date 2 Feb 09 NAV (13 Sep 24) ₹180.82 ↑ 0.11 (0.06 %) Net Assets (Cr) ₹8,876 on 31 Jul 24 Category Equity - ELSS AMC Canara Robeco Asset Management Co. Ltd. Rating ☆ Risk Moderately High Expense Ratio 1.74 Sharpe Ratio 2.25 Information Ratio -0.9 Alpha Ratio -0.56 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Aug 19 ₹10,000 31 Aug 20 ₹11,227 31 Aug 21 ₹18,362 31 Aug 22 ₹18,971 31 Aug 23 ₹20,685 31 Aug 24 ₹28,891 Returns for Canara Robeco Equity Tax Saver
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 13 Sep 24 Duration Returns 1 Month 6.4% 3 Month 9.7% 6 Month 23.6% 1 Year 36.7% 3 Year 16.1% 5 Year 23.9% 10 Year 15 Year Since launch 20.4% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Vishal Mishra 26 Jun 21 3.1 Yr. Shridatta Bhandwaldar 1 Oct 19 4.84 Yr. Data below for Canara Robeco Equity Tax Saver as on 31 Jul 24
Equity Sector Allocation
Sector Value Financial Services 26.91% Consumer Cyclical 13.68% Industrials 10.97% Technology 10.92% Basic Materials 7.29% Consumer Defensive 6.7% Energy 6.44% Health Care 5.92% Communication Services 3.58% Utility 2.65% Real Estate 1.14% Asset Allocation
Asset Class Value Cash 3.79% Equity 96.21% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 08 | HDFCBANK6% ₹507 Cr 3,137,584
↓ -250,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK6% ₹501 Cr 4,126,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 19 | RELIANCE5% ₹431 Cr 1,431,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 18 | INFY5% ₹413 Cr 2,211,310 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 21 | BHARTIARTL3% ₹267 Cr 1,790,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 20 | LT3% ₹263 Cr 689,369 NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | 5325553% ₹235 Cr 5,650,988
↓ -500,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN2% ₹218 Cr 2,495,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 20 | TCS2% ₹215 Cr 490,073 Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | 5322152% ₹178 Cr 1,528,000 6. Kotak Tax Saver Fund
CAGR/Annualized return of 14.2% since its launch. Ranked 19 in ELSS category. Return for 2023 was 23.6% , 2022 was 6.9% and 2021 was 33.2% . Kotak Tax Saver Fund
Growth Launch Date 23 Nov 05 NAV (13 Sep 24) ₹120.495 ↑ 0.34 (0.28 %) Net Assets (Cr) ₹6,335 on 31 Jul 24 Category Equity - ELSS AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 1.81 Sharpe Ratio 2.98 Information Ratio 0.15 Alpha Ratio 8.08 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Aug 19 ₹10,000 31 Aug 20 ₹10,510 31 Aug 21 ₹16,512 31 Aug 22 ₹17,680 31 Aug 23 ₹20,424 31 Aug 24 ₹28,343 Returns for Kotak Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 13 Sep 24 Duration Returns 1 Month 4.7% 3 Month 4.9% 6 Month 22.8% 1 Year 37.1% 3 Year 19.5% 5 Year 23.3% 10 Year 15 Year Since launch 14.2% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Harsha Upadhyaya 25 Aug 15 8.94 Yr. Data below for Kotak Tax Saver Fund as on 31 Jul 24
Equity Sector Allocation
Sector Value Financial Services 23.65% Industrials 18.63% Basic Materials 14% Consumer Cyclical 9.45% Energy 8.81% Utility 7.99% Technology 5.75% Health Care 4.39% Consumer Defensive 3.47% Communication Services 3.27% Asset Allocation
Asset Class Value Cash 0.59% Equity 99.41% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 23 | HDFCBANK8% ₹485 Cr 3,000,000
↑ 400,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE4% ₹271 Cr 900,000 State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN4% ₹236 Cr 2,700,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 14 | LT4% ₹225 Cr 588,501 Infosys Ltd (Technology)
Equity, Since 31 Dec 05 | INFY4% ₹224 Cr 1,200,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | 5322153% ₹210 Cr 1,800,000 NTPC Ltd (Utilities)
Equity, Since 30 Sep 22 | 5325553% ₹208 Cr 5,000,000 Bosch Ltd (Consumer Cyclical)
Equity, Since 28 Feb 23 | 5005303% ₹182 Cr 52,000 ICICI Securities Ltd (Financial Services)
Equity, Since 29 Feb 24 | ISEC3% ₹173 Cr 2,233,356
↑ 1,497,000 Linde India Ltd (Basic Materials)
Equity, Since 31 Oct 16 | 5234573% ₹163 Cr 200,000 7. Franklin India Taxshield
CAGR/Annualized return of 21.8% since its launch. Ranked 28 in ELSS category. Return for 2023 was 31.2% , 2022 was 5.4% and 2021 was 36.7% . Franklin India Taxshield
Growth Launch Date 10 Apr 99 NAV (13 Sep 24) ₹1,521.92 ↓ -0.18 (-0.01 %) Net Assets (Cr) ₹7,060 on 31 Jul 24 Category Equity - ELSS AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd Rating ☆☆ Risk Moderately High Expense Ratio 1.83 Sharpe Ratio 2.93 Information Ratio 0.7 Alpha Ratio 6.05 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Aug 19 ₹10,000 31 Aug 20 ₹9,737 31 Aug 21 ₹15,451 31 Aug 22 ₹16,620 31 Aug 23 ₹19,445 31 Aug 24 ₹28,424 Returns for Franklin India Taxshield
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 13 Sep 24 Duration Returns 1 Month 5.7% 3 Month 10.8% 6 Month 23.7% 1 Year 42.3% 3 Year 22.3% 5 Year 23% 10 Year 15 Year Since launch 21.8% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure R. Janakiraman 2 May 16 8.25 Yr. Rajasa Kakulavarapu 1 Dec 23 0.67 Yr. Data below for Franklin India Taxshield as on 31 Jul 24
Equity Sector Allocation
Sector Value Financial Services 27.18% Industrials 13.95% Consumer Cyclical 12.7% Technology 9.98% Consumer Defensive 6.76% Basic Materials 5.85% Communication Services 5.49% Health Care 5.04% Utility 4.83% Energy 4.21% Real Estate 0.74% Asset Allocation
Asset Class Value Cash 2.49% Equity 97.51% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK8% ₹552 Cr 4,546,914 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 07 | HDFCBANK7% ₹492 Cr 3,045,417 Infosys Ltd (Technology)
Equity, Since 29 Feb 12 | INFY5% ₹359 Cr 1,922,741 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 07 | BHARTIARTL5% ₹352 Cr 2,356,802 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 19 | LT5% ₹337 Cr 883,853 Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 14 | 5322154% ₹263 Cr 2,252,948 State Bank of India (Financial Services)
Equity, Since 31 Aug 15 | SBIN4% ₹250 Cr 2,871,107
↓ -100,000 HCL Technologies Ltd (Technology)
Equity, Since 31 Oct 21 | HCLTECH3% ₹240 Cr 1,462,587
↑ 117,001 United Spirits Ltd (Consumer Defensive)
Equity, Since 31 Oct 18 | UNITDSPR3% ₹233 Cr 1,650,000 NTPC Ltd (Utilities)
Equity, Since 31 Oct 16 | 5325553% ₹212 Cr 5,086,849 8. Invesco India Tax Plan
CAGR/Annualized return of 15.7% since its launch. Ranked 17 in ELSS category. Return for 2023 was 30.9% , 2022 was -7.7% and 2021 was 32.6% . Invesco India Tax Plan
Growth Launch Date 29 Dec 06 NAV (13 Sep 24) ₹131.51 ↑ 0.52 (0.40 %) Net Assets (Cr) ₹2,946 on 31 Jul 24 Category Equity - ELSS AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 1.97 Sharpe Ratio 2.55 Information Ratio 0 Alpha Ratio 0 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Aug 19 ₹10,000 31 Aug 20 ₹10,768 31 Aug 21 ₹16,385 31 Aug 22 ₹16,221 31 Aug 23 ₹18,305 31 Aug 24 ₹26,361 Returns for Invesco India Tax Plan
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 13 Sep 24 Duration Returns 1 Month 7.1% 3 Month 12.3% 6 Month 28.2% 1 Year 43.4% 3 Year 17.3% 5 Year 22.1% 10 Year 15 Year Since launch 15.7% Historical performance (Yearly) on absolute basis
Year Returns 2023 30.9% 2022 -7.7% 2021 32.6% 2020 19.2% 2019 9.4% 2018 -1.3% 2017 35.7% 2016 3.4% 2015 5.8% 2014 54.3% Fund Manager information for Invesco India Tax Plan
Name Since Tenure Amit Nigam 3 Sep 20 3.91 Yr. Dhimant Kothari 29 Mar 18 6.35 Yr. Data below for Invesco India Tax Plan as on 31 Jul 24
Equity Sector Allocation
Sector Value Financial Services 24.39% Industrials 15.52% Consumer Cyclical 12.02% Health Care 11.53% Technology 9.9% Basic Materials 7.55% Consumer Defensive 7.22% Energy 6.44% Utility 2.6% Communication Services 1.01% Asset Allocation
Asset Class Value Cash 0.6% Equity 99.4% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 22 | HDFCBANK7% ₹204 Cr 1,264,814
↑ 90,516 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE5% ₹161 Cr 533,999 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK5% ₹140 Cr 1,153,505 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 23 | TCS5% ₹138 Cr 315,430
↑ 29,811 United Spirits Ltd (Consumer Defensive)
Equity, Since 31 Dec 22 | UNITDSPR3% ₹77 Cr 542,261
↓ -55,449 Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | 5322152% ₹72 Cr 614,075
↑ 50,000 Suzlon Energy Ltd (Industrials)
Equity, Since 31 Aug 23 | SUZLON2% ₹71 Cr 10,229,376 Divi's Laboratories Ltd (Healthcare)
Equity, Since 31 Jan 24 | DIVISLAB2% ₹70 Cr 142,546
↑ 12,147 Apollo Hospitals Enterprise Ltd (Healthcare)
Equity, Since 30 Nov 22 | APOLLOHOSP2% ₹67 Cr 100,754
↑ 40,640 Clean Science and Technology Ltd (Basic Materials)
Equity, Since 31 May 23 | 5433182% ₹64 Cr 395,319
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