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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 ₹171.69
↑ 1.56 ₹1,428 ☆☆☆ 10 24.2 53 22.2 29 34.8 JM Tax Gain Fund Growth ₹49.054
↑ 0.56 ₹161 ☆☆☆ 15.4 26.9 48.4 23.8 24.5 30.9 Motilal Oswal Long Term Equity Fund Growth ₹48.4564
↑ 0.67 ₹3,710 10.8 26.8 55.4 23.8 24.4 37 IDFC Tax Advantage (ELSS) Fund Growth ₹153.537
↑ 0.89 ₹6,856 ☆☆☆☆☆ 9.8 17.1 32 20.2 23.4 28.3 Canara Robeco Equity Tax Saver Growth ₹171.08
↑ 0.71 ₹8,457 ☆ 11.8 18.1 32.5 17 22.1 23.7 Kotak Tax Saver Fund Growth ₹116.764
↑ 0.38 ₹6,101 ☆☆☆ 11.1 23.6 38.3 20.8 22.1 23.6 Franklin India Taxshield Growth ₹1,447.69
↑ 5.37 ₹6,816 ☆☆ 11.8 19.6 44.5 22.4 21.4 31.2 Mahindra Mutual Fund Kar Bachat Yojana Growth ₹28.5
↑ 0.10 ₹867 11.6 18.4 31.6 18.4 20.9 25.8 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Jul 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 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 (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 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 appreciation through a diversified portfolio of equity and equity related securities. The Scheme does not guarantee or assure any returns. Mahindra Mutual Fund Kar Bachat Yojana is a Equity - ELSS fund was launched on 18 Oct 16. It is a fund with Moderately High risk and has given a Below is the key information for Mahindra Mutual Fund Kar Bachat Yojana Returns up to 1 year are on 1. BOI AXA Tax Advantage Fund
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% . BOI AXA Tax Advantage Fund
Growth Launch Date 25 Feb 09 NAV (24 Jul 24) ₹171.69 ↑ 1.56 (0.92 %) Net Assets (Cr) ₹1,428 on 30 Jun 24 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.49 Sharpe Ratio 3.05 Information Ratio 0.71 Alpha Ratio 11.3 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹10,045 30 Jun 21 ₹17,570 30 Jun 22 ₹16,756 30 Jun 23 ₹21,185 30 Jun 24 ₹33,488 Returns for BOI AXA Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jul 24 Duration Returns 1 Month 0.8% 3 Month 10% 6 Month 24.2% 1 Year 53% 3 Year 22.2% 5 Year 29% 10 Year 15 Year Since launch 20.3% 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 2.18 Yr. Data below for BOI AXA Tax Advantage Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Financial Services 26.16% Industrials 20.51% Basic Materials 15.71% Consumer Cyclical 11.96% Energy 6.05% Technology 5.54% Utility 4.25% Consumer Defensive 3.95% Health Care 3.52% Real Estate 1.93% Asset Allocation
Asset Class Value Cash 0.38% Equity 99.59% Debt 0.04% Top Securities Holdings / Portfolio
Name Holding Value Quantity State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN4% ₹64 Cr 752,000 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 | HAL4% ₹53 Cr 99,900 Oil India Ltd (Energy)
Equity, Since 31 Mar 23 | OIL4% ₹51 Cr 702,000 Canara Bank (Financial Services)
Equity, Since 31 Aug 22 | CANBK3% ₹42 Cr 3,500,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK3% ₹38 Cr 223,000 NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | NTPC3% ₹36 Cr 955,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE2% ₹36 Cr 114,000 Bank of Baroda (Financial Services)
Equity, Since 31 Oct 22 | BANKBARODA2% ₹35 Cr 1,286,338 UNO Minda Ltd (Consumer Cyclical)
Equity, Since 31 Aug 22 | UNOMINDA2% ₹32 Cr 290,000 2. JM Tax Gain Fund
CAGR/Annualized return of 10.2% 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 (24 Jul 24) ₹49.054 ↑ 0.56 (1.16 %) Net Assets (Cr) ₹161 on 30 Jun 24 Category Equity - ELSS AMC JM Financial Asset Management Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.43 Sharpe Ratio 2.63 Information Ratio 0.79 Alpha Ratio 8.78 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹8,935 30 Jun 21 ₹14,283 30 Jun 22 ₹14,168 30 Jun 23 ₹18,523 30 Jun 24 ₹27,569 Returns for JM Tax Gain Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jul 24 Duration Returns 1 Month 2% 3 Month 15.4% 6 Month 26.9% 1 Year 48.4% 3 Year 23.8% 5 Year 24.5% 10 Year 15 Year Since launch 10.2% 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 2.5 Yr. Gurvinder Wasan 1 Dec 22 1.58 Yr. Chaitanya Choksi 18 Jul 14 9.96 Yr. Data below for JM Tax Gain Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Industrials 23.36% Financial Services 16.43% Basic Materials 16.36% Consumer Cyclical 14.23% Technology 10.32% Consumer Defensive 5.84% Communication Services 5.38% Real Estate 3.37% Health Care 2.41% Utility 1.99% Asset Allocation
Asset Class Value Cash 0.31% Equity 99.69% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 11 | HDFCBANK4% ₹7 Cr 39,131 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Mar 22 | ICICIBANK4% ₹6 Cr 50,975 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 10 | LT3% ₹6 Cr 15,500 Infosys Ltd (Technology)
Equity, Since 31 Aug 18 | INFY3% ₹4 Cr 27,465
↑ 5,000 Power Finance Corp Ltd (Financial Services)
Equity, Since 30 Nov 22 | PFC3% ₹4 Cr 87,625
↓ -18,000 Tata Motors Ltd Class A (Consumer Cyclical)
Equity, Since 31 Jul 23 | TATAMTRDVR2% ₹4 Cr 57,500 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Mar 24 | BHARTIARTL2% ₹4 Cr 25,000 Voltas Ltd (Industrials)
Equity, Since 31 Jan 24 | VOLTAS2% ₹4 Cr 24,500 Varun Beverages Ltd (Consumer Defensive)
Equity, Since 30 Nov 23 | VBL2% ₹4 Cr 22,000 Cummins India Ltd (Industrials)
Equity, Since 31 Oct 21 | CUMMINSIND2% ₹4 Cr 9,000
↓ -500 3. Motilal Oswal Long Term Equity Fund
CAGR/Annualized return of 18.1% 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 (24 Jul 24) ₹48.4564 ↑ 0.67 (1.41 %) Net Assets (Cr) ₹3,710 on 30 Jun 24 Category Equity - ELSS AMC Motilal Oswal Asset Management Co. Ltd Rating Risk Moderately High Expense Ratio 1.68 Sharpe Ratio 3.34 Information Ratio 0.92 Alpha Ratio 14.81 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹8,987 30 Jun 21 ₹14,080 30 Jun 22 ₹13,182 30 Jun 23 ₹17,688 30 Jun 24 ₹27,905 Returns for Motilal Oswal Long Term Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jul 24 Duration Returns 1 Month 0.6% 3 Month 10.8% 6 Month 26.8% 1 Year 55.4% 3 Year 23.8% 5 Year 24.4% 10 Year 15 Year Since launch 18.1% 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 0.56 Yr. Niket Shah 17 Oct 23 0.71 Yr. Rakesh Shetty 22 Nov 22 1.61 Yr. Data below for Motilal Oswal Long Term Equity Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Industrials 30.93% Financial Services 23.32% Consumer Cyclical 19.99% Real Estate 8.63% Health Care 8.35% Basic Materials 2.66% Technology 2.53% Communication Services 2.32% Asset Allocation
Asset Class Value Cash 1.28% Equity 98.72% Top Securities Holdings / Portfolio
Name Holding Value Quantity Zomato Ltd (Consumer Cyclical)
Equity, Since 31 Oct 23 | 5433207% ₹252 Cr 12,550,000 Trent Ltd (Consumer Cyclical)
Equity, Since 31 Aug 22 | TRENT6% ₹241 Cr 439,590
↓ -35,209 Prestige Estates Projects Ltd (Real Estate)
Equity, Since 31 Oct 23 | PRESTIGE5% ₹200 Cr 1,055,205
↓ -94,795 Jio Financial Services Ltd (Financial Services)
Equity, Since 31 Oct 23 | 5439405% ₹181 Cr 5,051,957 Kalyan Jewellers India Ltd (Consumer Cyclical)
Equity, Since 31 Oct 23 | KALYANKJIL4% ₹165 Cr 3,296,932 Bharat Dynamics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Dec 23 | BDL4% ₹159 Cr 992,768
↓ -170,000 CG Power & Industrial Solutions Ltd (Industrials)
Equity, Since 30 Nov 23 | CGPOWER4% ₹132 Cr 1,875,000 Global Health Ltd (Healthcare)
Equity, Since 30 Nov 22 | MEDANTA4% ₹130 Cr 993,145 IndusInd Bank Ltd (Financial Services)
Equity, Since 31 Mar 23 | INDUSINDBK3% ₹128 Cr 870,734
↓ -129,266 Apar Industries Ltd (Industrials)
Equity, Since 31 Dec 23 | APARINDS3% ₹126 Cr 148,305 4. IDFC Tax Advantage (ELSS) Fund
CAGR/Annualized return of 19.1% 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 (24 Jul 24) ₹153.537 ↑ 0.89 (0.58 %) Net Assets (Cr) ₹6,856 on 30 Jun 24 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.95 Sharpe Ratio 2.25 Information Ratio 0.09 Alpha Ratio 0.41 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹8,220 30 Jun 21 ₹15,067 30 Jun 22 ₹15,376 30 Jun 23 ₹19,621 30 Jun 24 ₹26,285 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jul 24 Duration Returns 1 Month 3.1% 3 Month 9.8% 6 Month 17.1% 1 Year 32% 3 Year 20.2% 5 Year 23.4% 10 Year 15 Year Since launch 19.1% 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 7.7 Yr. Ritika Behera 7 Oct 23 0.73 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Financial Services 26.78% Consumer Cyclical 11.76% Industrials 10.81% Technology 9.32% Health Care 8.61% Basic Materials 8.17% Consumer Defensive 7.93% Energy 6.28% Communication Services 3.22% Utility 3.03% Real Estate 1.58% Asset Allocation
Asset Class Value Cash 2.5% Equity 97.5% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK6% ₹404 Cr 2,400,000
↑ 50,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE5% ₹360 Cr 1,150,000
↑ 50,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK5% ₹360 Cr 3,000,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | AXISBANK4% ₹291 Cr 2,300,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY3% ₹219 Cr 1,400,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL3% ₹173 Cr 1,200,000 Jindal Steel & Power Ltd (Basic Materials)
Equity, Since 31 Mar 18 | JINDALSTEL2% ₹157 Cr 1,500,000 NTPC Ltd (Utilities)
Equity, Since 30 Sep 22 | NTPC2% ₹151 Cr 4,000,000 CG Power & Industrial Solutions Ltd (Industrials)
Equity, Since 31 Aug 17 | CGPOWER2% ₹148 Cr 2,100,000
↓ -100,000 Cipla Ltd (Healthcare)
Equity, Since 30 Sep 20 | CIPLA2% ₹133 Cr 900,000 5. Canara Robeco Equity Tax Saver
CAGR/Annualized return of 20.1% 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 (24 Jul 24) ₹171.08 ↑ 0.71 (0.42 %) Net Assets (Cr) ₹8,457 on 30 Jun 24 Category Equity - ELSS AMC Canara Robeco Asset Management Co. Ltd. Rating ☆ Risk Moderately High Expense Ratio 1.96 Sharpe Ratio 2.13 Information Ratio -0.75 Alpha Ratio -1.54 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹9,356 30 Jun 21 ₹15,446 30 Jun 22 ₹15,214 30 Jun 23 ₹18,723 30 Jun 24 ₹24,960 Returns for Canara Robeco Equity Tax Saver
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jul 24 Duration Returns 1 Month 3.2% 3 Month 11.8% 6 Month 18.1% 1 Year 32.5% 3 Year 17% 5 Year 22.1% 10 Year 15 Year Since launch 20.1% 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 3.01 Yr. Shridatta Bhandwaldar 1 Oct 19 4.75 Yr. Data below for Canara Robeco Equity Tax Saver as on 30 Jun 24
Equity Sector Allocation
Sector Value Financial Services 28.39% Consumer Cyclical 12.85% Industrials 12.07% Technology 9.35% Basic Materials 7.03% Energy 6.81% Consumer Defensive 6.39% Health Care 5.7% Communication Services 3.63% Utility 2.75% Real Estate 1.14% Asset Allocation
Asset Class Value Cash 3.89% Equity 96.11% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 08 | HDFCBANK7% ₹570 Cr 3,387,584 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK6% ₹495 Cr 4,126,000
↑ 100,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 19 | RELIANCE5% ₹448 Cr 1,431,000
↑ 250,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 18 | INFY4% ₹346 Cr 2,211,310 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 21 | BHARTIARTL3% ₹258 Cr 1,790,000
↑ 250,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 20 | LT3% ₹245 Cr 689,369
↑ 25,000 NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | NTPC3% ₹233 Cr 6,150,988 State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN3% ₹212 Cr 2,495,000
↑ 175,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | AXISBANK2% ₹193 Cr 1,528,000
↑ 50,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 20 | TCS2% ₹191 Cr 490,073 6. Kotak Tax Saver Fund
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% . Kotak Tax Saver Fund
Growth Launch Date 23 Nov 05 NAV (24 Jul 24) ₹116.764 ↑ 0.38 (0.33 %) Net Assets (Cr) ₹6,101 on 30 Jun 24 Category Equity - ELSS AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 1.97 Sharpe Ratio 3.04 Information Ratio 0.3 Alpha Ratio 8.95 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹8,983 30 Jun 21 ₹14,227 30 Jun 22 ₹14,252 30 Jun 23 ₹17,969 30 Jun 24 ₹25,388 Returns for Kotak Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jul 24 Duration Returns 1 Month 1.6% 3 Month 11.1% 6 Month 23.6% 1 Year 38.3% 3 Year 20.8% 5 Year 22.1% 10 Year 15 Year Since launch 14.1% 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 8.86 Yr. Data below for Kotak Tax Saver Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Financial Services 24.15% Industrials 18.74% Basic Materials 14.26% Consumer Cyclical 10.21% Energy 8.65% Utility 7.6% Technology 5.19% Health Care 4.08% Consumer Defensive 3.28% Communication Services 3.13% Asset Allocation
Asset Class Value Cash 0.71% Equity 99.29% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 23 | HDFCBANK7% ₹438 Cr 2,600,000
↑ 850,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE5% ₹282 Cr 900,000
↑ 400,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK4% ₹252 Cr 2,100,000 State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN4% ₹229 Cr 2,700,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | AXISBANK4% ₹228 Cr 1,800,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 14 | LT3% ₹209 Cr 588,501 NTPC Ltd (Utilities)
Equity, Since 30 Sep 22 | NTPC3% ₹189 Cr 5,000,000 Infosys Ltd (Technology)
Equity, Since 31 Dec 05 | INFY3% ₹188 Cr 1,200,000
↑ 400,000 Bosch Ltd (Consumer Cyclical)
Equity, Since 28 Feb 23 | BOSCHLTD3% ₹177 Cr 52,000 Linde India Ltd (Basic Materials)
Equity, Since 31 Oct 16 | LINDEINDIA3% ₹166 Cr 200,000 7. Franklin India Taxshield
CAGR/Annualized return of 21.7% 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 (24 Jul 24) ₹1,447.69 ↑ 5.37 (0.37 %) Net Assets (Cr) ₹6,816 on 30 Jun 24 Category Equity - ELSS AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd Rating ☆☆ Risk Moderately High Expense Ratio 1.91 Sharpe Ratio 2.97 Information Ratio 0.57 Alpha Ratio 6.95 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹8,076 30 Jun 21 ₹13,526 30 Jun 22 ₹13,396 30 Jun 23 ₹16,867 30 Jun 24 ₹24,573 Returns for Franklin India Taxshield
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jul 24 Duration Returns 1 Month 3.7% 3 Month 11.8% 6 Month 19.6% 1 Year 44.5% 3 Year 22.4% 5 Year 21.4% 10 Year 15 Year Since launch 21.7% 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 8.17 Yr. Rajasa Kakulavarapu 1 Dec 23 0.58 Yr. Data below for Franklin India Taxshield as on 30 Jun 24
Equity Sector Allocation
Sector Value Financial Services 28.76% Industrials 15.09% Consumer Cyclical 12.14% Technology 8.72% Consumer Defensive 6.62% Basic Materials 5.58% Communication Services 4.99% Utility 4.58% Energy 4.36% Health Care 3.92% Real Estate 0.8% Asset Allocation
Asset Class Value Cash 3.81% Equity 96.19% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK8% ₹545 Cr 4,546,914
↑ 141,914 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 07 | HDFCBANK8% ₹513 Cr 3,045,417
↑ 196,480 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 07 | BHARTIARTL5% ₹340 Cr 2,356,802
↓ -163,198 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 19 | LT5% ₹314 Cr 883,853 Infosys Ltd (Technology)
Equity, Since 29 Feb 12 | INFY4% ₹301 Cr 1,922,741 Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 14 | AXISBANK4% ₹285 Cr 2,252,948 State Bank of India (Financial Services)
Equity, Since 31 Aug 15 | SBIN4% ₹252 Cr 2,971,107
↓ -94,598 Reliance Industries Ltd (Energy)
Equity, Since 31 May 22 | RELIANCE3% ₹214 Cr 682,403
↑ 25,316 United Spirits Ltd (Consumer Defensive)
Equity, Since 31 Oct 18 | UNITDSPR3% ₹211 Cr 1,650,000 HCL Technologies Ltd (Technology)
Equity, Since 31 Oct 21 | 5322813% ₹196 Cr 1,345,586 8. Mahindra Mutual Fund Kar Bachat Yojana
CAGR/Annualized return of 14.4% since its launch. Return for 2023 was 25.8% , 2022 was 2% and 2021 was 39.4% . Mahindra Mutual Fund Kar Bachat Yojana
Growth Launch Date 18 Oct 16 NAV (24 Jul 24) ₹28.5 ↑ 0.10 (0.35 %) Net Assets (Cr) ₹867 on 31 May 24 Category Equity - ELSS AMC Mahindra Asset Management Company Pvt. Ltd. Rating Risk Moderately High Expense Ratio 2.48 Sharpe Ratio 1.93 Information Ratio -0.17 Alpha Ratio -2.57 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹8,815 30 Jun 21 ₹14,443 30 Jun 22 ₹14,465 30 Jun 23 ₹18,195 30 Jun 24 ₹23,914 Returns for Mahindra Mutual Fund Kar Bachat Yojana
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jul 24 Duration Returns 1 Month 4% 3 Month 11.6% 6 Month 18.4% 1 Year 31.6% 3 Year 18.4% 5 Year 20.9% 10 Year 15 Year Since launch 14.4% Historical performance (Yearly) on absolute basis
Year Returns 2023 25.8% 2022 2% 2021 39.4% 2020 14.1% 2019 4.5% 2018 -9.8% 2017 24.8% 2016 2015 2014 Fund Manager information for Mahindra Mutual Fund Kar Bachat Yojana
Name Since Tenure Manish Lodha 21 Dec 20 3.53 Yr. Fatema Pacha 16 Oct 20 3.71 Yr. Data below for Mahindra Mutual Fund Kar Bachat Yojana as on 31 May 24
Equity Sector Allocation
Sector Value Financial Services 28.66% Industrials 15.85% Consumer Cyclical 11.39% Technology 9.81% Consumer Defensive 9.2% Basic Materials 7.45% Energy 6.4% Health Care 3.29% Communication Services 2.71% Utility 2.47% Real Estate 0.8% Asset Allocation
Asset Class Value Cash 1.97% Equity 98.03% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 16 | HDFCBANK8% ₹72 Cr 472,876
↑ 41,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 19 | ICICIBANK8% ₹66 Cr 585,620
↑ 45,000 Infosys Ltd (Technology)
Equity, Since 29 Feb 20 | INFY5% ₹40 Cr 285,807 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 18 | LT4% ₹36 Cr 97,771
↑ 19,200 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 18 | RELIANCE4% ₹35 Cr 122,154
↓ -18,000 State Bank of India (Financial Services)
Equity, Since 29 Feb 24 | SBIN3% ₹25 Cr 304,000 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 28 Feb 18 | MARUTI3% ₹25 Cr 20,039
↑ 1,963 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Apr 20 | HINDUNILVR3% ₹25 Cr 106,000
↑ 47,000 IndusInd Bank Ltd (Financial Services)
Equity, Since 30 Jun 22 | INDUSINDBK3% ₹24 Cr 165,300 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 May 19 | TCS3% ₹24 Cr 65,651
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