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8 Best ELSS Tax Saving Mutual Funds 2022
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 2022 – 2023.
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 22 - 23
Fund NAV Net Assets (Cr) Rating 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2021 (%) HDFC Long Term Advantage Fund Growth ₹595.168
↑ 0.28 ₹1,318 ☆☆☆ 1.2 15.4 35.5 20.6 17.4 Canara Robeco Equity Tax Saver Growth ₹114.58
↑ 1.83 ₹4,197 ☆ 11.8 0.9 -0.6 20.5 15.6 35.1 Mirae Asset Tax Saver Fund Growth ₹30.095
↑ 0.49 ₹13,148 7.9 -1.6 -3.3 19.3 14.6 35.3 BOI AXA Tax Advantage Fund Growth ₹97.9
↑ 1.73 ₹645 ☆☆☆ 13.9 0.5 -2.6 23.4 14.4 41.5 IDFC Tax Advantage (ELSS) Fund Growth ₹97.612
↑ 1.42 ₹3,851 ☆☆☆☆☆ 11.5 -0.4 3.4 22.4 13 49.2 Kotak Tax Saver Fund Growth ₹72.801
↑ 1.18 ₹2,936 ☆☆☆ 11.8 0.7 3.3 18.2 12.9 33.2 ICICI Prudential Long Term Equity Fund (Tax Saving) Growth ₹587.67
↑ 9.66 ₹10,146 ☆☆ 9.9 -1 -1.5 17.3 12.7 33.7 DSP BlackRock Tax Saver Fund Growth ₹80.166
↑ 1.14 ₹10,219 ☆☆☆☆ 10 0.1 -1.6 17.6 12.6 35.1 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 (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 long term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments. The Scheme does not guarantee or assure any returns. Mirae Asset Tax Saver Fund is a Equity - ELSS fund was launched on 28 Dec 15. It is a fund with Moderately High risk and has given a Below is the key information for Mirae Asset Tax Saver 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 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 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 To generate long-term capital appreciation through investments made primarily in equity and equity related securities of companies. ICICI Prudential Long Term Equity Fund (Tax Saving) is a Equity - ELSS fund was launched on 19 Aug 99. It is a fund with Moderately High risk and has given a Below is the key information for ICICI Prudential Long Term Equity Fund (Tax Saving) 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 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 17 ₹10,000 30 Sep 18 ₹10,744 30 Sep 19 ₹11,412 30 Sep 20 ₹10,757 30 Sep 21 ₹17,891
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 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 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. Canara Robeco Equity Tax Saver
CAGR/Annualized return of 19.6% since its launch. Ranked 36 in ELSS category. Return for 2021 was 35.1% , 2020 was 27.4% and 2019 was 10.7% . Canara Robeco Equity Tax Saver
Growth Launch Date 2 Feb 09 NAV (30 Sep 22) ₹114.58 ↑ 1.83 (1.62 %) Net Assets (Cr) ₹4,197 on 31 Aug 22 Category Equity - ELSS AMC Canara Robeco Asset Management Co. Ltd. Rating ☆ Risk Moderately High Expense Ratio 2.11 Sharpe Ratio 0.02 Information Ratio 0.39 Alpha Ratio -3.3 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 17 ₹10,000 30 Sep 18 ₹10,944 30 Sep 19 ₹11,822 30 Sep 20 ₹13,071 30 Sep 21 ₹20,814 30 Sep 22 ₹20,686 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 -2.6% 3 Month 11.8% 6 Month 0.9% 1 Year -0.6% 3 Year 20.5% 5 Year 15.6% 10 Year 15 Year Since launch 19.6% Historical performance (Yearly) on absolute basis
Year Returns 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% 2012 30% Fund Manager information for Canara Robeco Equity Tax Saver
Name Since Tenure Vishal Mishra 26 Jun 21 1.18 Yr. Shridatta Bhandwaldar 1 Oct 19 2.92 Yr. Data below for Canara Robeco Equity Tax Saver as on 31 Aug 22
Equity Sector Allocation
Sector Value Financial Services 30.83% Consumer Cyclical 17.28% Technology 9.3% Industrials 8.9% Basic Materials 8.42% Health Care 6.19% Consumer Defensive 5.5% Energy 4.39% Communication Services 2.19% Real Estate 1.73% Utility 1.44% Asset Allocation
Asset Class Value Cash 3.82% Equity 96.18% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK8% ₹349 Cr 3,936,000
↑ 40,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 08 | HDFCBANK7% ₹278 Cr 1,872,184 Infosys Ltd (Technology)
Equity, Since 31 Jul 18 | INFY6% ₹253 Cr 1,691,310
↑ 20,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 19 | RELIANCE4% ₹184 Cr 698,500 State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN4% ₹150 Cr 2,830,000
↑ 190,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | 5322153% ₹143 Cr 1,903,000
↑ 120,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 20 | TCS2% ₹104 Cr 323,712 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Oct 21 | MARUTI2% ₹101 Cr 111,500
↑ 2,500 ABB India Ltd (Industrials)
Equity, Since 31 Jan 21 | 5000022% ₹101 Cr 310,000
↓ -27,500 Schaeffler India Ltd (Consumer Cyclical)
Equity, Since 28 Feb 22 | SCHAEFFLER2% ₹100 Cr 330,381 3. Mirae Asset Tax Saver Fund
CAGR/Annualized return of 17.7% since its launch. Return for 2021 was 35.3% , 2020 was 21.5% and 2019 was 14.1% . Mirae Asset Tax Saver Fund
Growth Launch Date 28 Dec 15 NAV (30 Sep 22) ₹30.095 ↑ 0.49 (1.64 %) Net Assets (Cr) ₹13,148 on 31 Aug 22 Category Equity - ELSS AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating Risk Moderately High Expense Ratio 1.28 Sharpe Ratio -0.06 Information Ratio 0.36 Alpha Ratio -3.88 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 17 ₹10,000 30 Sep 18 ₹10,665 30 Sep 19 ₹11,608 30 Sep 20 ₹12,416 30 Sep 21 ₹20,400 30 Sep 22 ₹19,733 Returns for Mirae Asset 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 -3.1% 3 Month 7.9% 6 Month -1.6% 1 Year -3.3% 3 Year 19.3% 5 Year 14.6% 10 Year 15 Year Since launch 17.7% Historical performance (Yearly) on absolute basis
Year Returns 2021 35.3% 2020 21.5% 2019 14.1% 2018 -2.3% 2017 47.9% 2016 14.8% 2015 2014 2013 2012 Fund Manager information for Mirae Asset Tax Saver Fund
Name Since Tenure Neelesh Surana 28 Dec 15 6.68 Yr. Data below for Mirae Asset Tax Saver Fund as on 31 Aug 22
Equity Sector Allocation
Sector Value Financial Services 36.22% Consumer Cyclical 10.47% Technology 10.29% Basic Materials 9.16% Health Care 8.12% Industrials 7.78% Energy 7.4% Consumer Defensive 3.78% Communication Services 3.42% Utility 2.81% Asset Allocation
Asset Class Value Cash 0.55% Equity 99.45% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK8% ₹1,021 Cr 6,869,722
↑ 180,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK7% ₹933 Cr 10,518,912 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 15 | RELIANCE6% ₹771 Cr 2,924,180 Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY5% ₹644 Cr 4,314,691 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 5322155% ₹609 Cr 8,108,266 State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN4% ₹472 Cr 8,883,799 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 20 | BHARTIARTL3% ₹402 Cr 5,534,889
↑ 830,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Dec 15 | TCS3% ₹335 Cr 1,042,537 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 16 | LT2% ₹288 Cr 1,497,630
↓ -110,000 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Dec 15 | SUNPHARMA2% ₹287 Cr 3,208,459 4. BOI AXA Tax Advantage Fund
CAGR/Annualized return of 18.3% since its launch. Ranked 13 in ELSS category. Return for 2021 was 41.5% , 2020 was 31.2% and 2019 was 14.6% . BOI AXA Tax Advantage Fund
Growth Launch Date 25 Feb 09 NAV (30 Sep 22) ₹97.9 ↑ 1.73 (1.80 %) Net Assets (Cr) ₹645 on 31 Aug 22 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.56 Sharpe Ratio -0.21 Information Ratio 0.68 Alpha Ratio -7.28 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 17 ₹10,000 30 Sep 18 ₹9,611 30 Sep 19 ₹10,457 30 Sep 20 ₹12,154 30 Sep 21 ₹20,152 30 Sep 22 ₹19,635 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 -0.8% 3 Month 13.9% 6 Month 0.5% 1 Year -2.6% 3 Year 23.4% 5 Year 14.4% 10 Year 15 Year Since launch 18.3% Historical performance (Yearly) on absolute basis
Year Returns 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% 2012 24.8% Fund Manager information for BOI AXA Tax Advantage Fund
Name Since Tenure Alok Singh 27 Apr 22 0.35 Yr. Data below for BOI AXA Tax Advantage Fund as on 31 Aug 22
Equity Sector Allocation
Sector Value Financial Services 32.19% Consumer Cyclical 19.21% Basic Materials 10.48% Consumer Defensive 8.2% Industrials 7.53% Health Care 5.97% Energy 3.72% Technology 3.69% Utility 3.2% Real Estate 2.23% Communication Services 0.72% Asset Allocation
Asset Class Value Cash 2.86% Equity 97.14% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK7% ₹47 Cr 529,340 State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN6% ₹36 Cr 671,000
↑ 51,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK5% ₹32 Cr 214,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE4% ₹24 Cr 91,009
↓ -6,000 NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | 5325553% ₹21 Cr 1,260,000
↑ 282,141 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 May 22 | M&M3% ₹19 Cr 142,000
↑ 17,000 Varun Beverages Ltd (Consumer Defensive)
Equity, Since 28 Feb 22 | VBL3% ₹17 Cr 168,692 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | KOTAKBANK3% ₹17 Cr 87,607 Schaeffler India Ltd (Consumer Cyclical)
Equity, Since 31 Jan 22 | SCHAEFFLER3% ₹17 Cr 55,000
↑ 4,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 22 | 5322152% ₹15 Cr 204,000
↑ 41,972 5. IDFC Tax Advantage (ELSS) Fund
CAGR/Annualized return of 18% since its launch. Ranked 3 in ELSS category. Return for 2021 was 49.2% , 2020 was 18.7% and 2019 was 1.9% . IDFC Tax Advantage (ELSS) Fund
Growth Launch Date 26 Dec 08 NAV (30 Sep 22) ₹97.612 ↑ 1.42 (1.47 %) Net Assets (Cr) ₹3,851 on 31 Aug 22 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.95 Sharpe Ratio 0.4 Information Ratio 0.55 Alpha Ratio 2.67 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 17 ₹10,000 30 Sep 18 ₹10,161 30 Sep 19 ₹10,044 30 Sep 20 ₹10,138 30 Sep 21 ₹17,831 30 Sep 22 ₹18,431 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 -1.5% 3 Month 11.5% 6 Month -0.4% 1 Year 3.4% 3 Year 22.4% 5 Year 13% 10 Year 15 Year Since launch 18% Historical performance (Yearly) on absolute basis
Year Returns 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% 2012 36.2% Fund Manager information for IDFC Tax Advantage (ELSS) Fund
Name Since Tenure Daylynn Pinto 20 Oct 16 5.87 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 31 Aug 22
Equity Sector Allocation
Sector Value Financial Services 27.54% Consumer Cyclical 17.61% Industrials 12.1% Basic Materials 10.14% Technology 9.49% Health Care 7.23% Energy 3.77% Consumer Defensive 3.26% Communication Services 2.64% Asset Allocation
Asset Class Value Cash 6.23% Equity 93.77% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK9% ₹337 Cr 3,800,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY5% ₹209 Cr 1,400,000 State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN5% ₹186 Cr 3,500,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK4% ₹156 Cr 1,050,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE4% ₹145 Cr 550,000 Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS3% ₹122 Cr 2,600,000
↓ -100,000 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Jul 20 | M&M3% ₹118 Cr 900,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL3% ₹102 Cr 1,400,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | 5322153% ₹101 Cr 1,350,000 VRL Logistics Ltd (Industrials)
Equity, Since 30 Nov 15 | VRLLOG2% ₹92 Cr 1,475,000 6. Kotak Tax Saver Fund
CAGR/Annualized return of 12.5% since its launch. Ranked 19 in ELSS category. Return for 2021 was 33.2% , 2020 was 14.9% and 2019 was 12.7% . Kotak Tax Saver Fund
Growth Launch Date 23 Nov 05 NAV (30 Sep 22) ₹72.801 ↑ 1.18 (1.65 %) Net Assets (Cr) ₹2,936 on 31 Aug 22 Category Equity - ELSS AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.15 Sharpe Ratio 0.26 Information Ratio 0.01 Alpha Ratio 0.57 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 17 ₹10,000 30 Sep 18 ₹10,237 30 Sep 19 ₹11,119 30 Sep 20 ₹11,371 30 Sep 21 ₹17,778 30 Sep 22 ₹18,366 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 -1.9% 3 Month 11.8% 6 Month 0.7% 1 Year 3.3% 3 Year 18.2% 5 Year 12.9% 10 Year 15 Year Since launch 12.5% Historical performance (Yearly) on absolute basis
Year Returns 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% 2012 36.2% Fund Manager information for Kotak Tax Saver Fund
Name Since Tenure Harsha Upadhyaya 25 Aug 15 7.02 Yr. Data below for Kotak Tax Saver Fund as on 31 Aug 22
Equity Sector Allocation
Sector Value Financial Services 26.95% Industrials 18.38% Basic Materials 16.03% Consumer Cyclical 11.21% Technology 7.33% Consumer Defensive 6.27% Energy 4.49% Health Care 4.02% Communication Services 1.75% Utility 0.89% Asset Allocation
Asset Class Value Cash 2.68% Equity 97.32% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK8% ₹240 Cr 2,700,000 State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN5% ₹159 Cr 3,000,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE4% ₹132 Cr 500,000 Infosys Ltd (Technology)
Equity, Since 31 Dec 05 | INFY4% ₹119 Cr 800,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 14 | LT4% ₹111 Cr 575,000 ITC Ltd (Consumer Defensive)
Equity, Since 31 Oct 21 | ITC3% ₹99 Cr 3,100,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | 5322153% ₹98 Cr 1,300,000 SRF Ltd (Basic Materials)
Equity, Since 30 Apr 16 | SRF3% ₹92 Cr 360,000
↓ -10,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK3% ₹82 Cr 550,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 18 | TCS2% ₹71 Cr 221,398 7. ICICI Prudential Long Term Equity Fund (Tax Saving)
CAGR/Annualized return of 19.3% since its launch. Ranked 30 in ELSS category. Return for 2021 was 33.7% , 2020 was 13.6% and 2019 was 8.8% . ICICI Prudential Long Term Equity Fund (Tax Saving)
Growth Launch Date 19 Aug 99 NAV (30 Sep 22) ₹587.67 ↑ 9.66 (1.67 %) Net Assets (Cr) ₹10,146 on 31 Aug 22 Category Equity - ELSS AMC ICICI Prudential Asset Management Company Limited Rating ☆☆ Risk Moderately High Expense Ratio 1.88 Sharpe Ratio 0.01 Information Ratio -0.4 Alpha Ratio -3.06 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 17 ₹10,000 30 Sep 18 ₹11,083 30 Sep 19 ₹11,239 30 Sep 20 ₹10,926 30 Sep 21 ₹18,427 30 Sep 22 ₹18,148 Returns for ICICI Prudential Long Term Equity Fund (Tax Saving)
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 9.9% 6 Month -1% 1 Year -1.5% 3 Year 17.3% 5 Year 12.7% 10 Year 15 Year Since launch 19.3% Historical performance (Yearly) on absolute basis
Year Returns 2021 33.7% 2020 13.6% 2019 8.8% 2018 0.5% 2017 26% 2016 3.9% 2015 4.3% 2014 50.8% 2013 10.2% 2012 37.6% Fund Manager information for ICICI Prudential Long Term Equity Fund (Tax Saving)
Name Since Tenure Priyanka Khandelwal 15 Jun 17 5.21 Yr. Harish Bihani 5 Nov 18 3.82 Yr. Data below for ICICI Prudential Long Term Equity Fund (Tax Saving) as on 31 Aug 22
Equity Sector Allocation
Sector Value Financial Services 34.9% Technology 15.6% Consumer Cyclical 7.79% Industrials 7.74% Communication Services 6.62% Consumer Defensive 5.47% Energy 4.72% Health Care 3.41% Basic Materials 3.07% Real Estate 1.82% Utility 0.8% Asset Allocation
Asset Class Value Cash 8.06% Equity 91.94% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 18 | ICICIBANK9% ₹937 Cr 10,560,479
↓ -389,633 Infosys Ltd (Technology)
Equity, Since 30 Jun 16 | INFY6% ₹578 Cr 3,868,993
↓ -120,440 Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 5322155% ₹521 Cr 6,931,488
↓ -100,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 17 | BHARTIARTL5% ₹481 Cr 6,626,040 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 17 | HDFCBANK4% ₹440 Cr 2,961,891
↓ -50,000 SBI Cards and Payment Services Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Mar 21 | 5430664% ₹431 Cr 4,671,369 HCL Technologies Ltd (Technology)
Equity, Since 31 May 19 | HCLTECH4% ₹418 Cr 4,455,215
↓ -191,080 Reliance Industries Ltd (Energy)
Equity, Since 31 May 20 | RELIANCE4% ₹393 Cr 1,488,761 Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 29 Feb 20 | 5403763% ₹339 Cr 748,565 State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN3% ₹284 Cr 5,341,557 8. DSP BlackRock Tax Saver Fund
CAGR/Annualized return of 14.2% since its launch. Ranked 12 in ELSS category. Return for 2021 was 35.1% , 2020 was 15% and 2019 was 14.8% . DSP BlackRock Tax Saver Fund
Growth Launch Date 18 Jan 07 NAV (30 Sep 22) ₹80.166 ↑ 1.14 (1.44 %) Net Assets (Cr) ₹10,219 on 31 Aug 22 Category Equity - ELSS AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.8 Sharpe Ratio -0.08 Information Ratio -0.06 Alpha Ratio -4.33 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 17 ₹10,000 30 Sep 18 ₹9,922 30 Sep 19 ₹11,121 30 Sep 20 ₹10,806 30 Sep 21 ₹18,374 30 Sep 22 ₹18,088 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 -2.2% 3 Month 10% 6 Month 0.1% 1 Year -1.6% 3 Year 17.6% 5 Year 12.6% 10 Year 15 Year Since launch 14.2% Historical performance (Yearly) on absolute basis
Year Returns 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% 2012 39.8% Fund Manager information for DSP BlackRock Tax Saver Fund
Name Since Tenure Rohit Singhania 16 Jul 15 7.13 Yr. Charanjit Singh 1 Jan 21 1.67 Yr. Data below for DSP BlackRock Tax Saver Fund as on 31 Aug 22
Equity Sector Allocation
Sector Value Financial Services 37.48% Consumer Cyclical 13.84% Technology 10.14% Basic Materials 8.5% Industrials 7.25% Health Care 7.11% Utility 4.95% Energy 3% Consumer Defensive 2.82% Communication Services 2.28% Asset Allocation
Asset Class Value Cash 2.64% Equity 97.36% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK9% ₹964 Cr 10,864,941
↓ -838,646 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK9% ₹902 Cr 6,069,652 Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY7% ₹669 Cr 4,479,920
↑ 149,918 Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 5322154% ₹453 Cr 6,033,445
↓ -547,411 State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN4% ₹417 Cr 7,844,911
↓ -2,905,190 SBI Life Insurance Company Limited (Financial Services)
Equity, Since 30 Jun 20 | 5407193% ₹336 Cr 2,527,484 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Apr 20 | SUNPHARMA3% ₹265 Cr 2,968,262
↑ 128,078 NTPC Ltd (Utilities)
Equity, Since 31 Jan 19 | 5325552% ₹242 Cr 14,736,246
↓ -2,345,783 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 30 Nov 21 | M&M2% ₹229 Cr 1,750,114
↓ -162,688 SBI Cards and Payment Services Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Mar 21 | 5430662% ₹229 Cr 2,480,871
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