+91-22-489139096 Best Performing Tax Saving Mutual Funds 2026
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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Fund Selection Methodology used to find 6 funds
Best Performing Tax Saving Mutual Funds
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2024 (%) Tata India Tax Savings Fund Growth ₹45.8014
↓ -0.43 ₹4,566 -1.3 5.6 17.6 17.1 14.5 4.9 Bandhan Tax Advantage (ELSS) Fund Growth ₹154.123
↓ -1.97 ₹7,060 -2.8 2.6 13.2 16.2 15.7 8 HDFC Long Term Advantage Fund Growth ₹595.168
↑ 0.28 ₹1,318 1.2 15.4 35.5 20.6 17.4 BOI AXA Tax Advantage Fund Growth ₹160.17
↓ -1.64 ₹1,374 -0.9 2.6 16.4 18.2 15.8 -3.5 Kotak Tax Saver Fund Growth ₹116.163
↓ -1.26 ₹6,301 -2 1.9 14.8 16.4 15 1.8 Sundaram Diversified Equity Fund Growth ₹222.425
↓ -2.04 ₹1,389 -2.3 0.6 13.2 14.2 13 7.1 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 27 Feb 26 Research Highlights & Commentary of 6 Funds showcased
Commentary Tata India Tax Savings Fund Bandhan Tax Advantage (ELSS) Fund HDFC Long Term Advantage Fund BOI AXA Tax Advantage Fund Kotak Tax Saver Fund Sundaram Diversified Equity Fund Point 1 Upper mid AUM (₹4,566 Cr). Highest AUM (₹7,060 Cr). Bottom quartile AUM (₹1,318 Cr). Bottom quartile AUM (₹1,374 Cr). Upper mid AUM (₹6,301 Cr). Lower mid AUM (₹1,389 Cr). Point 2 Established history (11+ yrs). Established history (17+ yrs). Established history (25+ yrs). Established history (17+ yrs). Established history (20+ yrs). Oldest track record among peers (26 yrs). Point 3 Top rated. Rating: 5★ (upper mid). Rating: 3★ (upper mid). Rating: 3★ (lower mid). Rating: 3★ (bottom quartile). Rating: 3★ (bottom quartile). Point 4 Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Point 5 5Y return: 14.45% (bottom quartile). 5Y return: 15.72% (upper mid). 5Y return: 17.39% (top quartile). 5Y return: 15.77% (upper mid). 5Y return: 14.98% (lower mid). 5Y return: 12.95% (bottom quartile). Point 6 3Y return: 17.14% (upper mid). 3Y return: 16.21% (bottom quartile). 3Y return: 20.64% (top quartile). 3Y return: 18.24% (upper mid). 3Y return: 16.39% (lower mid). 3Y return: 14.23% (bottom quartile). Point 7 1Y return: 17.64% (upper mid). 1Y return: 13.18% (bottom quartile). 1Y return: 35.51% (top quartile). 1Y return: 16.41% (upper mid). 1Y return: 14.83% (lower mid). 1Y return: 13.18% (bottom quartile). Point 8 Alpha: -0.76 (lower mid). Alpha: 0.34 (upper mid). Alpha: 1.75 (top quartile). Alpha: -3.63 (bottom quartile). Alpha: -1.89 (bottom quartile). Alpha: -0.52 (upper mid). Point 9 Sharpe: 0.14 (lower mid). Sharpe: 0.21 (upper mid). Sharpe: 2.27 (top quartile). Sharpe: -0.02 (bottom quartile). Sharpe: 0.07 (bottom quartile). Sharpe: 0.15 (upper mid). Point 10 Information ratio: -0.35 (bottom quartile). Information ratio: -0.30 (lower mid). Information ratio: -0.15 (upper mid). Information ratio: 0.13 (top quartile). Information ratio: -0.27 (upper mid). Information ratio: -1.03 (bottom quartile). Tata India Tax Savings Fund
Bandhan Tax Advantage (ELSS) Fund
HDFC Long Term Advantage Fund
BOI AXA Tax Advantage Fund
Kotak Tax Saver Fund
Sundaram Diversified Equity Fund
*List of TAX Saving mutual funds having net assets between 1000 Crore to 10,000 Crores.
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.. Below is the key information for Tata India Tax Savings 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. Research Highlights for Bandhan Tax Advantage (ELSS) Fund Below is the key information for Bandhan Tax Advantage (ELSS) Fund Returns up to 1 year are on To generate long term capital appreciation from a portfolio that is predominantly in equity and equity related instruments Research Highlights for HDFC Long Term Advantage Fund Below is the key information for HDFC Long Term Advantage 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.) Research Highlights for BOI AXA Tax Advantage Fund 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 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. Research Highlights for Kotak Tax Saver Fund Below is the key information for Kotak Tax Saver Fund Returns up to 1 year are on To achieve capital appreciation by investing
predominantly in equities and equity-related
instruments. A three-year lock-in period shall
apply in line with the regulation for ELSS
schemes. Research Highlights for Sundaram Diversified Equity Fund Below is the key information for Sundaram Diversified Equity Fund Returns up to 1 year are on 1. Tata India Tax Savings Fund
Tata India Tax Savings Fund
Growth Launch Date 13 Oct 14 NAV (27 Feb 26) ₹45.8014 ↓ -0.43 (-0.94 %) Net Assets (Cr) ₹4,566 on 31 Jan 26 Category Equity - ELSS AMC Tata Asset Management Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.83 Sharpe Ratio 0.14 Information Ratio -0.35 Alpha Ratio -0.76 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 28 Feb 21 ₹10,000 28 Feb 22 ₹11,546 28 Feb 23 ₹12,189 29 Feb 24 ₹16,029 28 Feb 25 ₹16,422 28 Feb 26 ₹19,638 Returns for Tata India Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Feb 26 Duration Returns 1 Month 4% 3 Month -1.3% 6 Month 5.6% 1 Year 17.6% 3 Year 17.1% 5 Year 14.5% 10 Year 15 Year Since launch 14.3% Historical performance (Yearly) on absolute basis
Year Returns 2024 4.9% 2023 19.5% 2022 24% 2021 5.9% 2020 30.4% 2019 11.9% 2018 13.6% 2017 -8.4% 2016 46% 2015 2.1% Fund Manager information for Tata India Tax Savings Fund
Name Since Tenure Sailesh Jain 16 Dec 21 4.13 Yr. Data below for Tata India Tax Savings Fund as on 31 Jan 26
Equity Sector Allocation
Sector Value Financial Services 34.01% Industrials 13.51% Consumer Cyclical 12.82% Basic Materials 7.07% Technology 6.29% Energy 5.29% Health Care 5.2% Communication Services 4.89% Utility 2.69% Real Estate 1.99% Consumer Defensive 1.05% Asset Allocation
Asset Class Value Cash 5.2% Equity 94.8% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK7% ₹318 Cr 3,425,000
↓ -25,000 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK6% ₹285 Cr 2,100,000
↓ -25,000 Bharti Airtel Ltd (Partly Paid Rs.1.25) (Communication Services)
Equity, Since 30 Nov 21 | 8901575% ₹223 Cr 1,426,428
↑ 1,330,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN5% ₹220 Cr 2,040,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE4% ₹188 Cr 1,350,000 Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY3% ₹146 Cr 891,081
↓ -175,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 16 | LT3% ₹138 Cr 352,147 NTPC Ltd (Utilities)
Equity, Since 30 Jun 21 | NTPC3% ₹123 Cr 3,451,000 Samvardhana Motherson International Ltd (Consumer Cyclical)
Equity, Since 30 Nov 22 | MOTHERSON3% ₹115 Cr 10,200,000 City Union Bank Ltd (Financial Services)
Equity, Since 31 Aug 21 | CUB2% ₹100 Cr 3,300,000 2. Bandhan Tax Advantage (ELSS) Fund
Bandhan Tax Advantage (ELSS) Fund
Growth Launch Date 26 Dec 08 NAV (27 Feb 26) ₹154.123 ↓ -1.97 (-1.26 %) Net Assets (Cr) ₹7,060 on 31 Jan 26 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.74 Sharpe Ratio 0.21 Information Ratio -0.3 Alpha Ratio 0.34 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 28 Feb 21 ₹10,000 28 Feb 22 ₹12,531 28 Feb 23 ₹13,184 29 Feb 24 ₹18,397 28 Feb 25 ₹17,986 28 Feb 26 ₹20,751 Returns for Bandhan Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Feb 26 Duration Returns 1 Month 1.7% 3 Month -2.8% 6 Month 2.6% 1 Year 13.2% 3 Year 16.2% 5 Year 15.7% 10 Year 15 Year Since launch 17.3% Historical performance (Yearly) on absolute basis
Year Returns 2024 8% 2023 13.1% 2022 28.3% 2021 4.2% 2020 49.2% 2019 18.7% 2018 1.9% 2017 -9.4% 2016 53.4% 2015 0.4% Fund Manager information for Bandhan Tax Advantage (ELSS) Fund
Name Since Tenure Daylynn Pinto 20 Oct 16 9.29 Yr. Ritika Behera 7 Oct 23 2.32 Yr. Gaurav Satra 10 Jun 24 1.65 Yr. Data below for Bandhan Tax Advantage (ELSS) Fund as on 31 Jan 26
Equity Sector Allocation
Sector Value Financial Services 33.66% Technology 11.58% Consumer Cyclical 10.12% Consumer Defensive 8.24% Basic Materials 8.23% Energy 7.28% Health Care 5.76% Industrials 4.09% Communication Services 3.12% Utility 2.33% Real Estate 2.01% Asset Allocation
Asset Class Value Cash 3.58% Equity 96.42% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK8% ₹558 Cr 6,000,000
↑ 100,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE7% ₹460 Cr 3,300,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK5% ₹366 Cr 2,700,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Oct 21 | TCS5% ₹344 Cr 1,100,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 23 | KOTAKBANK4% ₹306 Cr 7,500,000
↑ 500,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY3% ₹209 Cr 1,275,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | AXISBANK3% ₹206 Cr 1,500,000
↓ -400,000 State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN3% ₹183 Cr 1,700,000
↓ -600,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL2% ₹158 Cr 801,000 Jindal Steel Ltd (Basic Materials)
Equity, Since 31 Mar 18 | JINDALSTEL2% ₹153 Cr 1,350,000 3. 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.
Date Value 28 Feb 21 ₹10,000
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 27 Feb 26 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 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 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 4. BOI AXA Tax Advantage Fund
BOI AXA Tax Advantage Fund
Growth Launch Date 25 Feb 09 NAV (27 Feb 26) ₹160.17 ↓ -1.64 (-1.01 %) Net Assets (Cr) ₹1,374 on 31 Jan 26 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.09 Sharpe Ratio -0.02 Information Ratio 0.13 Alpha Ratio -3.63 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 28 Feb 21 ₹10,000 28 Feb 22 ₹12,206 28 Feb 23 ₹12,558 29 Feb 24 ₹19,130 28 Feb 25 ₹17,525 28 Feb 26 ₹20,796 Returns for BOI AXA Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Feb 26 Duration Returns 1 Month 3% 3 Month -0.9% 6 Month 2.6% 1 Year 16.4% 3 Year 18.2% 5 Year 15.8% 10 Year 15 Year Since launch 17.7% Historical performance (Yearly) on absolute basis
Year Returns 2024 -3.5% 2023 21.6% 2022 34.8% 2021 -1.3% 2020 41.5% 2019 31.2% 2018 14.6% 2017 -16.3% 2016 57.7% 2015 -1.2% Fund Manager information for BOI AXA Tax Advantage Fund
Name Since Tenure Alok Singh 27 Apr 22 3.77 Yr. Data below for BOI AXA Tax Advantage Fund as on 31 Jan 26
Equity Sector Allocation
Sector Value Financial Services 23.83% Industrials 16.76% Basic Materials 14.44% Consumer Cyclical 7.15% Technology 5.52% Consumer Defensive 5.37% Utility 5.15% Communication Services 3.37% Energy 2.29% Health Care 1.77% Real Estate 0.12% Asset Allocation
Asset Class Value Cash 14.11% Equity 85.77% Debt 0.12% Top Securities Holdings / Portfolio
Name Holding Value Quantity State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN5% ₹72 Cr 664,000 Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Jul 23 | HAL4% ₹49 Cr 105,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK4% ₹48 Cr 355,000
↓ -50,000 Vedanta Ltd (Basic Materials)
Equity, Since 31 Mar 24 | VEDL3% ₹48 Cr 700,000
↓ -712,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 24 | BHARTIARTL3% ₹46 Cr 235,000 Acutaas Chemicals Ltd (Basic Materials)
Equity, Since 31 May 24 | 5433493% ₹42 Cr 221,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK3% ₹41 Cr 437,532 Indian Bank (Financial Services)
Equity, Since 31 Aug 23 | INDIANB3% ₹38 Cr 415,000
↑ 15,000 ITC Ltd (Consumer Defensive)
Equity, Since 30 Jun 25 | ITC3% ₹36 Cr 1,120,000 Coromandel International Ltd (Basic Materials)
Equity, Since 31 Jan 23 | COROMANDEL3% ₹36 Cr 157,000 5. Kotak Tax Saver Fund
Kotak Tax Saver Fund
Growth Launch Date 23 Nov 05 NAV (27 Feb 26) ₹116.163 ↓ -1.26 (-1.07 %) Net Assets (Cr) ₹6,301 on 31 Jan 26 Category Equity - ELSS AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 1.76 Sharpe Ratio 0.07 Information Ratio -0.27 Alpha Ratio -1.89 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 28 Feb 21 ₹10,000 28 Feb 22 ₹11,885 28 Feb 23 ₹12,703 29 Feb 24 ₹17,234 28 Feb 25 ₹17,133 28 Feb 26 ₹20,098 Returns for Kotak Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Feb 26 Duration Returns 1 Month 2.6% 3 Month -2% 6 Month 1.9% 1 Year 14.8% 3 Year 16.4% 5 Year 15% 10 Year 15 Year Since launch 12.9% Historical performance (Yearly) on absolute basis
Year Returns 2024 1.8% 2023 21.8% 2022 23.6% 2021 6.9% 2020 33.2% 2019 14.9% 2018 12.7% 2017 -3.8% 2016 33.8% 2015 7.5% Fund Manager information for Kotak Tax Saver Fund
Name Since Tenure Harsha Upadhyaya 25 Aug 15 10.45 Yr. Data below for Kotak Tax Saver Fund as on 31 Jan 26
Equity Sector Allocation
Sector Value Financial Services 32.65% Consumer Cyclical 12.23% Technology 10.12% Industrials 9.75% Basic Materials 9.73% Energy 6.67% Health Care 4.9% Consumer Defensive 4.87% Communication Services 4.66% Utility 3.9% Asset Allocation
Asset Class Value Cash 0.53% Equity 99.47% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 23 | HDFCBANK9% ₹558 Cr 6,000,000 State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN5% ₹339 Cr 3,150,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK5% ₹312 Cr 2,300,000 Tech Mahindra Ltd (Technology)
Equity, Since 31 Aug 23 | TECHM4% ₹235 Cr 1,350,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 28 Feb 21 | BHARTIARTL4% ₹232 Cr 1,180,000 Infosys Ltd (Technology)
Equity, Since 31 Dec 05 | INFY4% ₹226 Cr 1,378,553 Britannia Industries Ltd (Consumer Defensive)
Equity, Since 30 Jun 25 | BRITANNIA3% ₹167 Cr 285,000 NTPC Ltd (Utilities)
Equity, Since 30 Sep 22 | NTPC3% ₹166 Cr 4,670,000 Hero MotoCorp Ltd (Consumer Cyclical)
Equity, Since 31 Jan 24 | HEROMOTOCO3% ₹166 Cr 300,000 Eternal Ltd (Consumer Cyclical)
Equity, Since 31 Jul 24 | 5433203% ₹164 Cr 6,000,000 6. Sundaram Diversified Equity Fund
Sundaram Diversified Equity Fund
Growth Launch Date 22 Nov 99 NAV (27 Feb 26) ₹222.425 ↓ -2.04 (-0.91 %) Net Assets (Cr) ₹1,389 on 31 Jan 26 Category Equity - ELSS AMC Sundaram Asset Management Company Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.18 Sharpe Ratio 0.15 Information Ratio -1.03 Alpha Ratio -0.52 Min Investment 500 Min SIP Investment 250 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 28 Feb 21 ₹10,000 28 Feb 22 ₹11,715 28 Feb 23 ₹12,319 29 Feb 24 ₹15,839 28 Feb 25 ₹15,912 28 Feb 26 ₹18,386 Returns for Sundaram Diversified Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Feb 26 Duration Returns 1 Month 1.7% 3 Month -2.3% 6 Month 0.6% 1 Year 13.2% 3 Year 14.2% 5 Year 13% 10 Year 15 Year Since launch 15.5% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.1% 2023 12% 2022 23.3% 2021 4% 2020 31.5% 2019 9.9% 2018 6.2% 2017 -10.6% 2016 38.4% 2015 6.8% Fund Manager information for Sundaram Diversified Equity Fund
Name Since Tenure Rohit Seksaria 24 Feb 21 4.94 Yr. Bharath Subramanian 2 Jun 25 0.67 Yr. Data below for Sundaram Diversified Equity Fund as on 31 Jan 26
Equity Sector Allocation
Sector Value Financial Services 27.45% Consumer Cyclical 11.61% Industrials 9.96% Technology 8.89% Utility 8.57% Basic Materials 7.7% Energy 7.65% Consumer Defensive 7.17% Health Care 5.02% Communication Services 4.4% Real Estate 0.45% Asset Allocation
Asset Class Value Cash 1.14% Equity 98.86% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | HDFCBANK8% ₹107 Cr 1,147,000
↓ -74,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 12 | RELIANCE5% ₹76 Cr 545,000
↓ -47,000 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 11 | ICICIBANK5% ₹72 Cr 529,000 Infosys Ltd (Technology)
Equity, Since 30 Nov 16 | INFY5% ₹66 Cr 400,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 May 18 | AXISBANK5% ₹64 Cr 470,000
↓ -50,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 19 | BHARTIARTL4% ₹61 Cr 310,165 State Bank of India (Financial Services)
Equity, Since 31 Aug 20 | SBIN4% ₹57 Cr 530,000
↓ -65,000 NTPC Ltd (Utilities)
Equity, Since 31 Oct 24 | NTPC3% ₹43 Cr 1,215,766 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 May 18 | LT3% ₹41 Cr 103,000
↓ -35,000 ITC Ltd (Consumer Defensive)
Equity, Since 28 Feb 23 | ITC3% ₹39 Cr 1,210,000
Tax Savings in Equity Linked Saving Scheme
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.
Benefits of Investing in Tax Saving Mutual Funds
Along with tax benefits, ELSS also offers you the following advantages:
Equity Returns
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.
SIP Benefits
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.
Shortest Lock-in Period
ELSS has lock-in period of 3 years, which is the shortest lock-in period among all other tax-saving instruments.
How to Invest in ELSS Funds Online?
Open Free Investment Account for Lifetime at Fincash.com.
Complete your Registration and KYC Process
Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!
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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Research Highlights for Tata India Tax Savings Fund