Fincash » Mutual Funds » Best Performing Tax Saving Mutual Funds
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With tax season around the corner, investors who invest in ELSS always look at the funds that are performing best in the Market. Since, many investors find it difficult to choose one fund amongst so many, we are here to suggest some best performers in the ELSS category.
Investors can invest in these funds and save up to INR 1.5 lakh every year under Section 80C of income tax Act 1961. ELSS schemes have a lock-in period of minimum 3 years. Our recommended best performing tax saving Mutual Funds has been carefully shortlisted by undertaking some of the important parameters like AUM, NAV, past performances, etc.
Thus, investors can easily plan their tax savings by Investing in these funds.
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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 To provide medium to long term capital gains along with income tax relief to its Unitholders, while at all times emphasising the importance of capital appreciation.. Tata India Tax Savings Fund is a Equity - ELSS fund was launched on 13 Oct 14. It is a fund with Moderately High risk and has given a Below is the key information for Tata India Tax Savings Fund Returns up to 1 year are on To generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities. L&T Tax Advantage Fund is a Equity - ELSS fund was launched on 27 Feb 06. It is a fund with Moderately High risk and has given a Below is the key information for L&T Tax Advantage Fund Returns up to 1 year are on To build a high quality growth-oriented portfolio to provide long-term capital gains to the investors, the scheme aims at providing returns through capital appreciation. Principal Tax Savings Fund is a Equity - ELSS fund was launched on 31 Mar 96. It is a fund with Moderately High risk and has given a Below is the key information for Principal Tax Savings Fund Returns up to 1 year are on The Scheme seeks to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities across all market capitalisations. The Scheme is in the nature of diversified multi-cap fund. The Scheme is not providing any assured or guaranteed returns.(There can be no assurance that the investment objectives of the Scheme will be realized.) BOI AXA Tax Advantage Fund is a Equity - ELSS fund was launched on 25 Feb 09. It is a fund with Moderately High risk and has given a Below is the key information for BOI AXA Tax Advantage Fund Returns up to 1 year are on The investment objective of the Scheme is to generate 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 Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) IDFC Tax Advantage (ELSS) Fund Growth ₹138.646
↑ 1.00 ₹6,253 4.9 16.6 39 22.6 19.9 28.3 Tata India Tax Savings Fund Growth ₹38.3017
↑ 0.22 ₹4,028 4.6 15.8 34.7 19 16.5 24 L&T Tax Advantage Fund Growth ₹112.372
↑ 0.75 ₹3,674 8.3 22.9 43.5 19.2 16.1 28.4 Principal Tax Savings Fund Growth ₹451.105
↑ 6.10 ₹1,222 7.2 17.5 36.8 20.5 16.7 24.5 BOI AXA Tax Advantage Fund Growth ₹154.56
↑ 1.96 ₹1,210 10.9 31.3 54.9 25 25.4 34.8 Invesco India Tax Plan Growth ₹108.15
↑ 0.39 ₹2,530 4.7 18.5 42.7 17.7 16.5 30.9 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Apr 24 1. IDFC Tax Advantage (ELSS) Fund
CAGR/Annualized
return of 18.7% 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 (22 Apr 24) ₹138.646 ↑ 1.00 (0.72 %) Net Assets (Cr) ₹6,253 on 31 Mar 24 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.95 Sharpe Ratio 2.84 Information Ratio 0.62 Alpha Ratio 3.83 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹6,585 31 Mar 21 ₹13,138 31 Mar 22 ₹17,235 31 Mar 23 ₹17,359 31 Mar 24 ₹24,171 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 22 Apr 24 Duration Returns 1 Month 1.7% 3 Month 4.9% 6 Month 16.6% 1 Year 39% 3 Year 22.6% 5 Year 19.9% 10 Year 15 Year Since launch 18.7% 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 7.45 Yr. Ritika Behera 7 Oct 23 0.48 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 31 Mar 24
Equity Sector Allocation
Sector Value Financial Services 26.43% Consumer Cyclical 13.05% Industrials 10.19% Technology 9.11% Health Care 8.33% Consumer Defensive 8.12% Basic Materials 7.43% Energy 6.62% Communication Services 2.93% Utility 2.88% Real Estate 0.73% Asset Allocation
Asset Class Value Cash 4.18% Equity 95.82% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK6% ₹358 Cr 3,400,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK5% ₹330 Cr 2,350,000
↑ 150,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE5% ₹321 Cr 1,100,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | 5322154% ₹237 Cr 2,200,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY4% ₹234 Cr 1,400,000 State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN3% ₹180 Cr 2,400,000
↑ 100,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL2% ₹143 Cr 1,275,000 Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS2% ₹143 Cr 1,500,000
↓ -300,000 NTPC Ltd (Utilities)
Equity, Since 30 Sep 22 | 5325552% ₹134 Cr 4,000,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Oct 21 | TCS2% ₹132 Cr 321,877 2. Tata India Tax Savings Fund
CAGR/Annualized
return of 15.1% since its launch. Ranked 1 in ELSS
category. Return for 2023 was 24% , 2022 was 5.9% and 2021 was 30.4% . Tata India Tax Savings Fund
Growth Launch Date 13 Oct 14 NAV (22 Apr 24) ₹38.3017 ↑ 0.22 (0.57 %) Net Assets (Cr) ₹4,028 on 31 Mar 24 Category Equity - ELSS AMC Tata Asset Management Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.75 Sharpe Ratio 2.14 Information Ratio -0.58 Alpha Ratio -4.3 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹7,609 31 Mar 21 ₹12,726 31 Mar 22 ₹15,474 31 Mar 23 ₹15,466 31 Mar 24 ₹20,554 Returns for Tata India Tax Savings Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 22 Apr 24 Duration Returns 1 Month 3.2% 3 Month 4.6% 6 Month 15.8% 1 Year 34.7% 3 Year 19% 5 Year 16.5% 10 Year 15 Year Since launch 15.1% Historical performance (Yearly) on absolute basis
Year Returns 2023 24% 2022 5.9% 2021 30.4% 2020 11.9% 2019 13.6% 2018 -8.4% 2017 46% 2016 2.1% 2015 13.3% 2014 Fund Manager information for Tata India Tax Savings Fund
Name Since Tenure Sailesh Jain 16 Dec 21 2.29 Yr. Tejas Gutka 9 Mar 21 3.07 Yr. Data below for Tata India Tax Savings Fund as on 31 Mar 24
Equity Sector Allocation
Sector Value Financial Services 31.74% Industrials 15.11% Consumer Cyclical 12.08% Technology 8.77% Basic Materials 6.86% Energy 4.91% Health Care 4.47% Communication Services 4.31% Utility 3.73% Real Estate 2.48% Consumer Defensive 2.11% Asset Allocation
Asset Class Value Cash 3.44% Equity 96.56% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK8% ₹303 Cr 2,160,000 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK6% ₹245 Cr 2,325,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE5% ₹197 Cr 675,000 Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY5% ₹194 Cr 1,160,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN5% ₹187 Cr 2,500,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322153% ₹140 Cr 1,300,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 16 | LT3% ₹122 Cr 352,147 NTPC Ltd (Utilities)
Equity, Since 30 Jun 21 | 5325553% ₹116 Cr 3,451,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 19 | BHARTIARTL3% ₹106 Cr 940,000 HCL Technologies Ltd (Technology)
Equity, Since 31 Oct 20 | HCLTECH2% ₹85 Cr 510,000 3. L&T Tax Advantage Fund
CAGR/Annualized
return of 14.3% since its launch. Ranked 7 in ELSS
category. Return for 2023 was 28.4% , 2022 was -3% and 2021 was 30.3% . L&T Tax Advantage Fund
Growth Launch Date 27 Feb 06 NAV (22 Apr 24) ₹112.372 ↑ 0.75 (0.68 %) Net Assets (Cr) ₹3,674 on 31 Mar 24 Category Equity - ELSS AMC L&T Investment Management Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.98 Sharpe Ratio 2.71 Information Ratio -0.39 Alpha Ratio 3.01 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹7,284 31 Mar 21 ₹12,498 31 Mar 22 ₹14,731 31 Mar 23 ₹14,495 31 Mar 24 ₹20,164 Returns for L&T Tax Advantage Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 22 Apr 24 Duration Returns 1 Month 5.8% 3 Month 8.3% 6 Month 22.9% 1 Year 43.5% 3 Year 19.2% 5 Year 16.1% 10 Year 15 Year Since launch 14.3% Historical performance (Yearly) on absolute basis
Year Returns 2023 28.4% 2022 -3% 2021 30.3% 2020 13.5% 2019 4.6% 2018 -8.1% 2017 42.3% 2016 8.1% 2015 2.9% 2014 44.8% Fund Manager information for L&T Tax Advantage Fund
Name Since Tenure Gautam Bhupal 26 Nov 22 1.35 Yr. Sonal Gupta 21 Jul 21 2.7 Yr. Abhishek Gupta 1 Mar 24 0.08 Yr. Data below for L&T Tax Advantage Fund as on 31 Mar 24
Equity Sector Allocation
Sector Value Industrials 25.99% Financial Services 21.92% Consumer Cyclical 17.6% Technology 10.36% Energy 6.29% Health Care 5% Utility 3.6% Real Estate 3.48% Basic Materials 2.66% Consumer Defensive 1.56% Communication Services 0.95% Asset Allocation
Asset Class Value Cash 0.58% Equity 99.42% Top Securities Holdings / Portfolio
Name Holding Value Quantity Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jul 22 | LT5% ₹200 Cr 574,100 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 21 | RELIANCE4% ₹157 Cr 537,600 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK4% ₹136 Cr 971,700
↓ -257,600 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK3% ₹122 Cr 1,155,500 Persistent Systems Ltd (Technology)
Equity, Since 31 Jul 21 | PERSISTENT3% ₹121 Cr 140,600
↓ -10,500 Bharat Electronics Ltd (Industrials)
Equity, Since 31 May 22 | BEL3% ₹112 Cr 5,485,000 CG Power & Industrial Solutions Ltd (Industrials)
Equity, Since 30 Apr 22 | 5000933% ₹110 Cr 2,486,300 Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY3% ₹104 Cr 622,100 KPIT Technologies Ltd (Technology)
Equity, Since 30 Sep 21 | KPITTECH3% ₹104 Cr 662,200
↓ -113,400 Zomato Ltd (Consumer Cyclical)
Equity, Since 31 Oct 23 | 5433202% ₹81 Cr 4,906,800
↑ 1,912,400 4. Principal Tax Savings Fund
CAGR/Annualized
return of 16.2% since its launch. Ranked 8 in ELSS
category. Return for 2023 was 24.5% , 2022 was 4.3% and 2021 was 32.1% . Principal Tax Savings Fund
Growth Launch Date 31 Mar 96 NAV (22 Apr 24) ₹451.105 ↑ 6.10 (1.37 %) Net Assets (Cr) ₹1,222 on 29 Feb 24 Category Equity - ELSS AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.36 Sharpe Ratio 2.17 Information Ratio -0.28 Alpha Ratio -2.44 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹7,274 31 Mar 21 ₹12,485 31 Mar 22 ₹15,564 31 Mar 23 ₹15,503 31 Mar 24 ₹21,126 Returns for Principal Tax Savings Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 22 Apr 24 Duration Returns 1 Month 3.3% 3 Month 7.2% 6 Month 17.5% 1 Year 36.8% 3 Year 20.5% 5 Year 16.7% 10 Year 15 Year Since launch 16.2% Historical performance (Yearly) on absolute basis
Year Returns 2023 24.5% 2022 4.3% 2021 32.1% 2020 18.9% 2019 2.5% 2018 -9.2% 2017 48.8% 2016 6.2% 2015 2.7% 2014 49.4% Fund Manager information for Principal Tax Savings Fund
Name Since Tenure Sudhir Kedia 29 Oct 19 4.42 Yr. Rohit Seksaria 1 Jan 22 2.25 Yr. Data below for Principal Tax Savings Fund as on 29 Feb 24
Equity Sector Allocation
Sector Value Financial Services 32.53% Technology 11.35% Consumer Cyclical 11.13% Industrials 9.07% Health Care 8.39% Consumer Defensive 8.27% Energy 6.55% Basic Materials 5.47% Communication Services 2.62% Real Estate 0.42% Asset Allocation
Asset Class Value Cash 4.18% Equity 95.82% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK7% ₹85 Cr 606,077 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 21 | RELIANCE7% ₹80 Cr 274,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK6% ₹70 Cr 661,000 Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY4% ₹52 Cr 313,000 Force Motors Ltd (Consumer Cyclical)
Equity, Since 30 Nov 21 | 5000333% ₹38 Cr 56,000
↓ -3,013 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Aug 15 | SUNPHARMA3% ₹37 Cr 233,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 17 | 5322153% ₹33 Cr 311,000 State Bank of India (Financial Services)
Equity, Since 30 Apr 05 | SBIN3% ₹33 Cr 444,000 Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 21 | TATAMOTORS2% ₹27 Cr 288,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 14 | TCS2% ₹25 Cr 61,324 5. BOI AXA Tax Advantage Fund
CAGR/Annualized
return of 19.8% 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 (22 Apr 24) ₹154.56 ↑ 1.96 (1.28 %) Net Assets (Cr) ₹1,210 on 31 Mar 24 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.49 Sharpe Ratio 3 Information Ratio 0.75 Alpha Ratio 7.1 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹8,986 31 Mar 21 ₹15,681 31 Mar 22 ₹19,443 31 Mar 23 ₹19,377 31 Mar 24 ₹29,944 Returns for BOI AXA Tax Advantage Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 22 Apr 24 Duration Returns 1 Month 4.8% 3 Month 10.9% 6 Month 31.3% 1 Year 54.9% 3 Year 25% 5 Year 25.4% 10 Year 15 Year Since launch 19.8% 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 1.93 Yr. Data below for BOI AXA Tax Advantage Fund as on 31 Mar 24
Equity Sector Allocation
Sector Value Financial Services 25.25% Industrials 10.47% Consumer Cyclical 9.03% Health Care 8.58% Basic Materials 8.09% Energy 7.7% Technology 5.05% Utility 3.86% Consumer Defensive 2.52% Real Estate 1.36% Asset Allocation
Asset Class Value Cash 15.6% Equity 81.91% Debt 2.49% Top Securities Holdings / Portfolio
Name Holding Value Quantity State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN4% ₹46 Cr 620,000
↓ -160,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK3% ₹39 Cr 280,000 Canara Bank (Financial Services)
Equity, Since 31 Aug 22 | 5324833% ₹39 Cr 695,000
↓ -200,000 Oil India Ltd (Energy)
Equity, Since 31 Mar 23 | OIL3% ₹38 Cr 702,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE3% ₹38 Cr 130,000 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Jun 22 | SUNPHARMA3% ₹34 Cr 217,000 Bank of Baroda (Financial Services)
Equity, Since 31 Oct 22 | 5321343% ₹33 Cr 1,236,338
↓ -413,662 NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | 5325553% ₹31 Cr 920,000
↓ -118,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 22 | LT3% ₹29 Cr 82,800 Kotak Mahindra Bank Ltd.
Debentures | -2% ₹28 Cr 3,000,000 6. Invesco India Tax Plan
CAGR/Annualized
return of 14.7% 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 (22 Apr 24) ₹108.15 ↑ 0.39 (0.36 %) Net Assets (Cr) ₹2,530 on 31 Mar 24 Category Equity - ELSS AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.11 Sharpe Ratio 2.86 Information Ratio -0.66 Alpha Ratio 4.05 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹7,885 31 Mar 21 ₹13,088 31 Mar 22 ₹15,655 31 Mar 23 ₹14,580 31 Mar 24 ₹20,586 Returns for Invesco India Tax Plan
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 22 Apr 24 Duration Returns 1 Month 3.6% 3 Month 4.7% 6 Month 18.5% 1 Year 42.7% 3 Year 17.7% 5 Year 16.5% 10 Year 15 Year Since launch 14.7% 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 3.58 Yr. Dhimant Kothari 29 Mar 18 6.01 Yr. Data below for Invesco India Tax Plan as on 31 Mar 24
Equity Sector Allocation
Sector Value Financial Services 26.77% Consumer Cyclical 12.31% Industrials 11.22% Technology 11.06% Health Care 9.93% Basic Materials 7.27% Consumer Defensive 6.25% Utility 5.33% Energy 5.24% Communication Services 2.58% Real Estate 1.28% Asset Allocation
Asset Class Value Cash 0.75% Equity 99.25% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK5% ₹133 Cr 1,261,235 Infosys Ltd (Technology)
Equity, Since 31 Dec 19 | INFY5% ₹121 Cr 722,543 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE4% ₹113 Cr 385,239 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 22 | HDFCBANK3% ₹87 Cr 618,355 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 23 | TCS3% ₹77 Cr 188,066 Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | 5322153% ₹71 Cr 656,279 Anand Rathi Wealth Ltd (Financial Services)
Equity, Since 31 Dec 21 | 5434153% ₹67 Cr 182,065 IndusInd Bank Ltd (Financial Services)
Equity, Since 30 Nov 22 | INDUSINDBK2% ₹63 Cr 429,280
↑ 91,293 Bank of Baroda (Financial Services)
Equity, Since 30 Sep 22 | 5321342% ₹58 Cr 2,166,901
↑ 754,026 Gujarat State Petronet Ltd (Utilities)
Equity, Since 30 Nov 22 | 5327022% ₹57 Cr 1,552,742
Let's check the tax benefits by comparing tax savings with and without ELSS:
Particulars | Tax Planning (ELSS) | No Tax Planning |
---|---|---|
Gross Total Income | 8,00,000 | 8,00,000 |
Exemption from Taxation | 1,50,000 | Nil |
Total Taxable Income | 6,50,000 | 8,00,000 |
Tax to be Paid | 32,500 | 62,500 |
Saved Amount | 30,000 | Nil |
Hence, total amount saved by investing in ELSS is INR 30,000.
Along with tax benefits, ELSS also offers you the following advantages:
As ELSS is a combination of equity and tax saving, the money you invest grows as the stock market grows. So, investors can also earn returns from the equity market. Hence, ELSS is also an avenue for a long-term wealth creation.
Instead of investing a lump sum amount, investors can choose an easy path by investing monthly via a SIP. With a SIP, one can invest as low as INR 500, making it the most affordable tax-planning and investment avenue for the investors.
ELSS has lock-in period of 3 years, which is the shortest lock-in period among all other tax-saving instruments.
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