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8 Best ELSS Tax Saving Mutual Funds 2022 | fincash.com

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8 Best ELSS Tax Saving Mutual Funds 2022

Updated on January 17, 2022 , 50813 views

With the financial year coming to an end, it is the time to begin your Tax Planning. With so many tax savings options in India, ELSS stands out the best because they offer benefits beyond tax savings.

ELSS or Equity Linked Saving Schemes comes with a lock-in period of 3 years, which is the shortest holding compared to all other tax savings. By Investing in ELSS, one can attain deductions upto INR 1,50,000 from their taxable Income as per the Section 80C of income tax Act. As, ELSS funds are equity diversified with a major portion of the fund being invested in equity & related products, they provide equity returns too. This means that investors can also earn equity returns on their investments.

ELSS

Before we look at some of the other important features of this scheme, let’s check the best ELSS tax saving Mutual Funds for 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

FundNAVNet Assets (Cr)Rating3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2021 (%)
BOI AXA Tax Advantage Fund Growth ₹103.9
↓ -0.75
₹552-2.610.938.629.721.741.5
Mirae Asset Tax Saver Fund Growth ₹32.204
↓ -0.22
₹10,660Not Rated-1.512.932.724.821.635.3
Canara Robeco Equity Tax Saver Growth ₹120.41
↓ -0.92
₹3,098-0.513.63324.820.535.1
IDFC Tax Advantage (ELSS) Fund Growth ₹101.53
↓ -0.24
₹3,5330.915.947.624.319.749.2
Invesco India Tax Plan Growth ₹86.83
↓ -0.66
₹1,934-0.713.131.921.31832.6
PGIM India Tax Savings Fund Growth ₹24.75
↓ -0.14
₹342Not Rated3.816.437.122.117.937.5
HDFC Long Term Advantage Fund Growth ₹595.168
↑ 0.28
₹1,3181.215.435.520.617.4
DSP BlackRock Tax Saver Fund Growth ₹83.413
↓ -0.42
₹9,636-1.310.33423.117.235.1
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 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.

1. BOI AXA Tax Advantage Fund

The Scheme seeks to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities across all market capitalisations. The Scheme is in the nature of diversified multi-cap fund. The Scheme is not providing any assured or guaranteed returns.(There can be no assurance that the investment objectives of the Scheme will be realized.)

BOI AXA Tax Advantage Fund is a Equity - ELSS fund was launched on 25 Feb 09. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 19.9% since its launch.  Ranked 13 in ELSS category.  Return for 2021 was 41.5% , 2020 was 31.2% and 2019 was 14.6% .

Below is the key information for BOI AXA Tax Advantage Fund

BOI AXA Tax Advantage Fund
Growth
Launch Date 25 Feb 09
NAV (19 Jan 22) ₹103.9 ↓ -0.75   (-0.72 %)
Net Assets (Cr) ₹552 on 31 Dec 21
Category Equity - ELSS
AMC BOI AXA Investment Mngrs Private Ltd
Rating
Risk Moderately High
Expense Ratio 2.56
Sharpe Ratio 2.85
Information Ratio 1.25
Alpha Ratio 13.5
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Dec 16₹10,000
31 Dec 17₹15,766
31 Dec 18₹13,189
31 Dec 19₹15,116
31 Dec 20₹19,831
31 Dec 21₹28,052

BOI AXA Tax Advantage Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹518,033.
Net Profit of ₹218,033
Invest Now

Returns for BOI AXA Tax Advantage Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Jan 22

DurationReturns
1 Month 4.2%
3 Month -2.6%
6 Month 10.9%
1 Year 38.6%
3 Year 29.7%
5 Year 21.7%
10 Year
15 Year
Since launch 19.9%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Aakash Manghani15 Jul 192.38 Yr.

Data below for BOI AXA Tax Advantage Fund as on 31 Dec 21

Equity Sector Allocation
SectorValue
Financial Services25.48%
Technology16.65%
Basic Materials16.64%
Consumer Cyclical14.22%
Health Care9.87%
Consumer Defensive4.4%
Communication Services3.78%
Industrials3.54%
Energy2.59%
Utility1.22%
Real Estate0.53%
Asset Allocation
Asset ClassValue
Cash1.08%
Equity98.92%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK
6%₹29 Cr401,972
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK
5%₹26 Cr171,857
Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 18 | 500034
4%₹20 Cr28,668
Infosys Ltd (Technology)
Equity, Since 30 Jun 20 | INFY
4%₹20 Cr115,342
Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 18 | DIVISLAB
3%₹14 Cr28,668
↓ -7,291
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE
3%₹13 Cr55,640
↑ 3,049
Coforge Ltd (Technology)
Equity, Since 31 Jul 20 | 532541
3%₹13 Cr24,181
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | KOTAKBANK
2%₹13 Cr64,675
Mphasis Ltd (Technology)
Equity, Since 31 Dec 20 | 526299
2%₹12 Cr39,754
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Jan 18 | CHOLAFIN
2%₹11 Cr204,904

2. Mirae Asset Tax Saver 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. 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 CAGR/Annualized return of 21.3% since its launch.  Return for 2021 was 35.3% , 2020 was 21.5% and 2019 was 14.1% .

Below is the key information for Mirae Asset Tax Saver Fund

Mirae Asset Tax Saver Fund
Growth
Launch Date 28 Dec 15
NAV (19 Jan 22) ₹32.204 ↓ -0.22   (-0.67 %)
Net Assets (Cr) ₹10,660 on 31 Dec 21
Category Equity - ELSS
AMC Mirae Asset Global Inv (India) Pvt. Ltd
Rating Not Rated
Risk Moderately High
Expense Ratio 1.4
Sharpe Ratio 2.43
Information Ratio 1.5
Alpha Ratio 4.17
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Dec 16₹10,000
31 Dec 17₹14,788
31 Dec 18₹14,452
31 Dec 19₹16,485
31 Dec 20₹20,036
31 Dec 21₹27,107

Mirae Asset Tax Saver Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹518,033.
Net Profit of ₹218,033
Invest Now

Returns for Mirae Asset Tax Saver Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Jan 22

DurationReturns
1 Month 4.9%
3 Month -1.5%
6 Month 12.9%
1 Year 32.7%
3 Year 24.8%
5 Year 21.6%
10 Year
15 Year
Since launch 21.3%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Neelesh Surana28 Dec 155.93 Yr.

Data below for Mirae Asset Tax Saver Fund as on 31 Dec 21

Equity Sector Allocation
SectorValue
Financial Services35.42%
Technology14.26%
Basic Materials10.94%
Consumer Cyclical10.91%
Industrials8.22%
Energy6.25%
Health Care6.11%
Consumer Defensive3.74%
Communication Services2.08%
Utility1.67%
Asset Allocation
Asset ClassValue
Cash0.39%
Equity99.61%
Other0%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK
8%₹825 Cr5,524,722
↑ 230,000
Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY
7%₹726 Cr4,236,693
↑ 365,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK
7%₹711 Cr9,948,912
↑ 735,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 15 | RELIANCE
5%₹552 Cr2,294,180
↑ 2,290,304
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 532215
4%₹432 Cr6,586,266
↑ 360,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Dec 15 | TCS
4%₹381 Cr1,079,826
State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN
4%₹369 Cr8,003,799
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 16 | LT
2%₹219 Cr1,242,630
↑ 60,000
JK Cement Ltd (Basic Materials)
Equity, Since 30 Jun 19 | JKCEMENT
2%₹217 Cr671,543
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Dec 15 | MARUTI
2%₹208 Cr293,758
↓ -22,333

3. Canara Robeco Equity Tax Saver

(ELSS Scheme) Seeking to provide long term capital appreciation by predominantly investing in equities and to facilitate the subscribers to seek tax benefits as provided under Section 80 C of the Income Tax Act, 1961. However, there can be no assurance that the investment objective of the scheme will be realized.

Canara Robeco Equity Tax Saver is a Equity - ELSS fund was launched on 2 Feb 09. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 21.2% since its launch.  Ranked 36 in ELSS category.  Return for 2021 was 35.1% , 2020 was 27.4% and 2019 was 10.7% .

Below is the key information for Canara Robeco Equity Tax Saver

Canara Robeco Equity Tax Saver
Growth
Launch Date 2 Feb 09
NAV (19 Jan 22) ₹120.41 ↓ -0.92   (-0.76 %)
Net Assets (Cr) ₹3,098 on 31 Dec 21
Category Equity - ELSS
AMC Canara Robeco Asset Management Co. Ltd.
Rating
Risk Moderately High
Expense Ratio 2.26
Sharpe Ratio 2.45
Information Ratio 0.73
Alpha Ratio 4.84
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Dec 16₹10,000
31 Dec 17₹13,196
31 Dec 18₹13,550
31 Dec 19₹15,005
31 Dec 20₹19,111
31 Dec 21₹25,824

Canara Robeco Equity Tax Saver SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹505,644.
Net Profit of ₹205,644
Invest Now

Returns for Canara Robeco Equity Tax Saver

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Jan 22

DurationReturns
1 Month 4.7%
3 Month -0.5%
6 Month 13.6%
1 Year 33%
3 Year 24.8%
5 Year 20.5%
10 Year
15 Year
Since launch 21.2%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Vishal Mishra26 Jun 210.43 Yr.
Shridatta Bhandwaldar1 Oct 192.17 Yr.

Data below for Canara Robeco Equity Tax Saver as on 31 Dec 21

Equity Sector Allocation
SectorValue
Financial Services31.57%
Technology14.17%
Consumer Cyclical13.71%
Industrials11.53%
Basic Materials7.86%
Health Care5.68%
Consumer Defensive4.72%
Energy3.68%
Utility1.73%
Communication Services1.64%
Real Estate0.9%
Asset Allocation
Asset ClassValue
Cash2.81%
Equity97.19%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Infosys Ltd (Technology)
Equity, Since 31 Jul 18 | INFY
8%₹231 Cr1,346,310
↑ 65,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 08 | HDFCBANK
7%₹197 Cr1,322,184
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK
7%₹193 Cr2,706,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 20 | LT
4%₹129 Cr730,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Nov 20 | HDFC
4%₹108 Cr402,500
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 19 | RELIANCE
4%₹106 Cr440,500
↑ 35,000
Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 19 | 500034
3%₹100 Cr142,450
↑ 10,000
State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN
3%₹86 Cr1,875,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 20 | TCS
3%₹79 Cr223,815
↑ 15,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | 532215
3%₹79 Cr1,203,000

4. IDFC Tax Advantage (ELSS) Fund

The investment objective of the Scheme is to seek to generate long term capital growth from a diversified portfolio of predominantly equity and equity related securities. There can be no assurance that the investment objective of the scheme will be realised.

IDFC Tax Advantage (ELSS) Fund is a Equity - ELSS fund was launched on 26 Dec 08. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 19.4% since its launch.  Ranked 3 in ELSS category.  Return for 2021 was 49.2% , 2020 was 18.7% and 2019 was 1.9% .

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

IDFC Tax Advantage (ELSS) Fund
Growth
Launch Date 26 Dec 08
NAV (19 Jan 22) ₹101.53 ↓ -0.24   (-0.24 %)
Net Assets (Cr) ₹3,533 on 31 Dec 21
Category Equity - ELSS
AMC IDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 2.06
Sharpe Ratio 2.72
Information Ratio 0.34
Alpha Ratio 14.26
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Dec 16₹10,000
31 Dec 17₹15,335
31 Dec 18₹13,893
31 Dec 19₹14,164
31 Dec 20₹16,813
31 Dec 21₹25,084

IDFC Tax Advantage (ELSS) Fund SIP Returns

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

Returns for IDFC Tax Advantage (ELSS) Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Jan 22

DurationReturns
1 Month 7.3%
3 Month 0.9%
6 Month 15.9%
1 Year 47.6%
3 Year 24.3%
5 Year 19.7%
10 Year
15 Year
Since launch 19.4%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Daylynn Pinto20 Oct 165.12 Yr.

Data below for IDFC Tax Advantage (ELSS) Fund as on 31 Dec 21

Equity Sector Allocation
SectorValue
Financial Services22.53%
Consumer Cyclical17.83%
Technology14.84%
Industrials13.67%
Basic Materials13.09%
Health Care4.41%
Energy4.11%
Consumer Defensive3.86%
Communication Services3.38%
Asset Allocation
Asset ClassValue
Cash2.26%
Equity97.74%
Other0%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK
8%₹264 Cr3,700,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY
7%₹240 Cr1,400,000
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
5%₹166 Cr3,600,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK
4%₹142 Cr950,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE
4%₹132 Cr550,000
Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS
4%₹128 Cr2,800,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL
3%₹109 Cr1,500,000
Deepak Nitrite Ltd (Basic Materials)
Equity, Since 31 Mar 17 | 506401
3%₹102 Cr480,000
Greenpanel Industries Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 31 Jul 19 | 542857
3%₹90 Cr2,409,874
↓ -126
HCL Technologies Ltd (Technology)
Equity, Since 30 Nov 20 | HCLTECH
2%₹80 Cr700,000

5. Invesco India Tax Plan

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 CAGR/Annualized return of 15.4% since its launch.  Ranked 17 in ELSS category.  Return for 2021 was 32.6% , 2020 was 19.2% and 2019 was 9.4% .

Below is the key information for Invesco India Tax Plan

Invesco India Tax Plan
Growth
Launch Date 29 Dec 06
NAV (19 Jan 22) ₹86.83 ↓ -0.66   (-0.75 %)
Net Assets (Cr) ₹1,934 on 31 Dec 21
Category Equity - ELSS
AMC Invesco Asset Management (India) Private Ltd
Rating
Risk Moderately High
Expense Ratio 2.08
Sharpe Ratio 2.57
Information Ratio 0.23
Alpha Ratio 8.73
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Dec 16₹10,000
31 Dec 17₹13,574
31 Dec 18₹13,404
31 Dec 19₹14,669
31 Dec 20₹17,479
31 Dec 21₹23,169

Invesco India Tax Plan SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹481,656.
Net Profit of ₹181,656
Invest Now

Returns for Invesco India Tax Plan

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Jan 22

DurationReturns
1 Month 5.1%
3 Month -0.7%
6 Month 13.1%
1 Year 31.9%
3 Year 21.3%
5 Year 18%
10 Year
15 Year
Since launch 15.4%
Historical performance (Yearly) on absolute basis
YearReturns
2021 32.6%
2020 19.2%
2019 9.4%
2018 -1.3%
2017 35.7%
2016 3.4%
2015 5.8%
2014 54.3%
2013 10.1%
2012 30.3%
Fund Manager information for Invesco India Tax Plan
NameSinceTenure
Amit Nigam3 Sep 201.24 Yr.
Dhimant Kothari29 Mar 183.68 Yr.

Data below for Invesco India Tax Plan as on 31 Dec 21

Equity Sector Allocation
SectorValue
Financial Services30.61%
Technology15.45%
Consumer Cyclical13.22%
Industrials11.31%
Basic Materials7.61%
Energy6.21%
Utility3.86%
Health Care3.66%
Consumer Defensive3.26%
Communication Services3.26%
Asset Allocation
Asset ClassValue
Cash1.55%
Equity98.45%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK
8%₹151 Cr2,107,233
↑ 75,769
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK
8%₹142 Cr950,631
↑ 37,368
Infosys Ltd (Technology)
Equity, Since 31 Dec 19 | INFY
8%₹140 Cr815,817
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE
6%₹116 Cr480,332
↓ -216,327
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 19 | KOTAKBANK
5%₹92 Cr471,261
Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | 532215
4%₹77 Cr1,170,668
↑ 82,229
Tech Mahindra Ltd (Technology)
Equity, Since 31 Oct 20 | 532755
3%₹60 Cr391,220
L&T Technology Services Ltd (Technology)
Equity, Since 31 Aug 20 | LTTS
3%₹59 Cr112,314
KEI Industries Ltd (Industrials)
Equity, Since 30 Apr 21 | 517569
3%₹48 Cr432,280
UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Mar 21 | ULTRACEMCO
2%₹46 Cr62,518

6. PGIM India Tax Savings Fund

"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 CAGR/Annualized return of 16% since its launch.  Return for 2021 was 37.5% , 2020 was 17.9% and 2019 was 8.2% .

Below is the key information for PGIM India Tax Savings Fund

PGIM India Tax Savings Fund
Growth
Launch Date 11 Dec 15
NAV (19 Jan 22) ₹24.75 ↓ -0.14   (-0.56 %)
Net Assets (Cr) ₹342 on 31 Dec 21
Category Equity - ELSS
AMC Pramerica Asset Managers Private Limited
Rating Not Rated
Risk Moderately High
Expense Ratio 2.46
Sharpe Ratio 2.86
Information Ratio 0.42
Alpha Ratio 11.74
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Dec 16₹10,000
31 Dec 17₹13,931
31 Dec 18₹13,044
31 Dec 19₹14,114
31 Dec 20₹16,638
31 Dec 21₹22,871

PGIM India Tax Savings Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹470,047.
Net Profit of ₹170,047
Invest Now

Returns for PGIM India Tax Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Jan 22

DurationReturns
1 Month 7.6%
3 Month 3.8%
6 Month 16.4%
1 Year 37.1%
3 Year 22.1%
5 Year 17.9%
10 Year
15 Year
Since launch 16%
Historical performance (Yearly) on absolute basis
YearReturns
2021 37.5%
2020 17.9%
2019 8.2%
2018 -6.4%
2017 39.3%
2016 1.7%
2015
2014
2013
2012
Fund Manager information for PGIM India Tax Savings Fund
NameSinceTenure
Srinivas Ravuri14 Sep 192.22 Yr.
Utkarsh Katkoria1 Jun 210.5 Yr.

Data below for PGIM India Tax Savings Fund as on 31 Dec 21

Equity Sector Allocation
SectorValue
Financial Services27.45%
Technology17.56%
Industrials10.66%
Health Care10.17%
Consumer Cyclical8.79%
Energy7.01%
Communication Services5.54%
Utility4.79%
Consumer Defensive4.14%
Basic Materials2.34%
Asset Allocation
Asset ClassValue
Cash1.55%
Equity98.45%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 16 | ICICIBANK
8%₹26 Cr370,500
Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY
8%₹25 Cr147,129
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK
6%₹18 Cr122,200
Bharti Airtel Ltd (Communication Services)
Equity, Since 28 Feb 19 | BHARTIARTL
5%₹18 Cr240,805
↓ -32,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Sep 17 | LT
5%₹17 Cr95,664
State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN
5%₹17 Cr364,174
Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 17 | RELIANCE
4%₹15 Cr61,250
Cipla Ltd (Healthcare)
Equity, Since 31 May 18 | 500087
3%₹11 Cr113,000
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Dec 19 | SUNPHARMA
3%₹11 Cr141,841
HCL Technologies Ltd (Technology)
Equity, Since 31 Aug 20 | HCLTECH
3%₹10 Cr91,100

7. HDFC Long Term Advantage Fund

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 CAGR/Annualized return of 21.4% since its launch.  Ranked 23 in ELSS category. .

Below is the key information for HDFC Long Term Advantage Fund

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.

DateValue
31 Dec 16₹10,000
31 Dec 17₹13,620
31 Dec 18₹13,089
31 Dec 19₹14,411
31 Dec 20₹16,068
31 Dec 21₹21,671

HDFC Long Term Advantage Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹470,047.
Net Profit of ₹170,047
Invest Now

Purchase not allowed

Returns for HDFC Long Term Advantage Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Jan 22

DurationReturns
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
YearReturns
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
Fund Manager information for HDFC Long Term Advantage Fund
NameSinceTenure
Chirag Setalvad2 Apr 0714.68 Yr.

Data below for HDFC Long Term Advantage Fund as on 30 Nov 21

Equity Sector Allocation
SectorValue
Financial Services37.07%
Technology15.16%
Industrials15.06%
Energy12.18%
Consumer Defensive4.88%
Consumer Cyclical3.36%
Utility3.18%
Communication Services3%
Basic Materials2.85%
Health Care2.05%
Asset Allocation
Asset ClassValue
Cash1.22%
Equity98.78%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Infosys Ltd (Technology)
Equity, Since 30 Nov 06 | INFY
10%₹128 Cr750,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 05 | RELIANCE
9%₹120 Cr500,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
9%₹120 Cr1,680,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 13 | HDFCBANK
9%₹119 Cr800,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFC
8%₹107 Cr400,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Oct 07 | LT
7%₹97 Cr550,000
State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN
7%₹97 Cr2,100,000
ITC Ltd (Consumer Defensive)
Equity, Since 31 Oct 05 | ITC
5%₹62 Cr2,822,910
Redington (India) Ltd (Technology)
Equity, Since 31 Jul 15 | 532805
4%₹57 Cr3,903,026
Carborundum Universal Ltd (Industrials)
Equity, Since 30 Jun 03 | 513375
4%₹55 Cr600,000

8. DSP BlackRock Tax Saver Fund

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 CAGR/Annualized return of 15.2% since its launch.  Ranked 12 in ELSS category.  Return for 2021 was 35.1% , 2020 was 15% and 2019 was 14.8% .

Below is the key information for DSP BlackRock Tax Saver Fund

DSP BlackRock Tax Saver Fund
Growth
Launch Date 18 Jan 07
NAV (19 Jan 22) ₹83.413 ↓ -0.42   (-0.50 %)
Net Assets (Cr) ₹9,636 on 31 Dec 21
Category Equity - ELSS
AMC DSP BlackRock Invmt Managers Pvt. Ltd.
Rating
Risk Moderately High
Expense Ratio 1.87
Sharpe Ratio 2.3
Information Ratio 0.57
Alpha Ratio 4.8
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Dec 16₹10,000
31 Dec 17₹13,629
31 Dec 18₹12,588
31 Dec 19₹14,455
31 Dec 20₹16,630
31 Dec 21₹22,470

DSP BlackRock Tax Saver Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹470,047.
Net Profit of ₹170,047
Invest Now

Returns for DSP BlackRock Tax Saver Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Jan 22

DurationReturns
1 Month 5.7%
3 Month -1.3%
6 Month 10.3%
1 Year 34%
3 Year 23.1%
5 Year 17.2%
10 Year
15 Year
Since launch 15.2%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Rohit Singhania16 Jul 156.38 Yr.
Charanjit Singh1 Jan 210.91 Yr.

Data below for DSP BlackRock Tax Saver Fund as on 31 Dec 21

Equity Sector Allocation
SectorValue
Financial Services38.1%
Basic Materials11.16%
Consumer Cyclical10.99%
Technology10.23%
Industrials9.43%
Utility5.37%
Health Care4.92%
Communication Services3.77%
Consumer Defensive2.75%
Energy1.68%
Asset Allocation
Asset ClassValue
Cash1.59%
Equity98.41%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK
10%₹896 Cr12,543,568
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK
7%₹643 Cr4,303,272
Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY
6%₹594 Cr3,470,440
↑ 81,829
Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 532215
5%₹433 Cr6,607,348
↑ 489,560
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
3%₹302 Cr6,565,327
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jul 19 | BHARTIARTL
3%₹292 Cr4,005,969
↓ -187,656
HCL Technologies Ltd (Technology)
Equity, Since 31 Mar 21 | HCLTECH
3%₹283 Cr2,488,351
↑ 261,618
SBI Life Insurance Company Limited (Financial Services)
Equity, Since 30 Jun 20 | 540719
2%₹215 Cr1,849,628
↑ 149,494
ACC Ltd (Basic Materials)
Equity, Since 28 Feb 19 | 500410
2%₹200 Cr876,828
Crompton Greaves Consumer Electricals Ltd (Consumer Cyclical)
Equity, Since 31 Jul 19 | CROMPTON
2%₹198 Cr4,412,213

ELSS SIP Calculator

Know Your SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹720,000
expected amount after 5 Years is ₹1,074,189.
Net Profit of ₹354,189
Invest Now

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Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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