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6 Best Performing Tax Saving Mutual Funds 2022 | Fincash.com

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6 Best Performing Tax Saving Mutual Funds 2022

Updated on June 23, 2022 , 1858 views

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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Tax-Savings

Best Performing Tax Saving Mutual Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2021 (%)
IDFC Tax Advantage (ELSS) Fund Growth ₹86.99
↑ 0.99
₹3,570-9.8-8.42.415.71249.2
Tata India Tax Savings Fund Growth ₹25.1067
↑ 0.26
₹2,905-9.4-8.31.810.59.830.4
DSP BlackRock Tax Saver Fund Growth ₹72.287
↑ 0.70
₹9,504-8.4-8-1.214.311.435.1
L&T Tax Advantage Fund Growth ₹68.566
↑ 0.72
₹3,080-12.5-13.7-6.28.66.630.3
HDFC Long Term Advantage Fund Growth ₹595.168
↑ 0.28
₹1,3181.215.435.520.617.4
Sundaram Diversified Equity Fund Growth ₹133.84
↑ 1.50
₹1,778-6.9-7.52.19.66.731.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Jun 22
*List of TAX Saving mutual funds having net assets between 1000 Crore to 10,000 Crores.

1. 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 17.4% 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 (24 Jun 22) ₹86.99 ↑ 0.99   (1.15 %)
Net Assets (Cr) ₹3,570 on 31 May 22
Category Equity - ELSS
AMC IDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 2.06
Sharpe Ratio 0.57
Information Ratio 0.34
Alpha Ratio 2.67
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 May 17₹10,000
31 May 18₹11,761
31 May 19₹11,653
31 May 20₹8,577
31 May 21₹16,873
31 May 22₹18,728

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 ₹405,518.
Net Profit of ₹105,518
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 24 Jun 22

DurationReturns
1 Month -2.8%
3 Month -9.8%
6 Month -8.4%
1 Year 2.4%
3 Year 15.7%
5 Year 12%
10 Year
15 Year
Since launch 17.4%
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 165.62 Yr.

Data below for IDFC Tax Advantage (ELSS) Fund as on 31 May 22

Equity Sector Allocation
SectorValue
Financial Services24.34%
Consumer Cyclical17.7%
Industrials13.17%
Basic Materials12.13%
Technology11.37%
Health Care6.92%
Energy4.1%
Consumer Defensive3.5%
Communication Services2.77%
Asset Allocation
Asset ClassValue
Cash4.01%
Equity95.99%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK
8%₹282 Cr3,800,000
↑ 100,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY
6%₹219 Cr1,400,000
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
5%₹174 Cr3,500,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE
4%₹153 Cr550,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK
4%₹145 Cr1,050,000
↑ 100,000
Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS
3%₹123 Cr2,800,000
Greenpanel Industries Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 31 Jul 19 | GREENPANEL
3%₹120 Cr1,976,440
↓ -123,560
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL
3%₹103 Cr1,400,000
Deepak Nitrite Ltd (Basic Materials)
Equity, Since 31 Mar 17 | DEEPAKNTR
3%₹100 Cr430,000
↓ -10,000
Jindal Steel & Power Ltd (Basic Materials)
Equity, Since 31 Mar 18 | JINDALSTEL
3%₹96 Cr1,784,695
↓ -15,305

2. Tata India Tax Savings Fund

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 CAGR/Annualized return of 12.7% since its launch.  Ranked 1 in ELSS category.  Return for 2021 was 30.4% , 2020 was 11.9% and 2019 was 13.6% .

Below is the key information for Tata India Tax Savings Fund

Tata India Tax Savings Fund
Growth
Launch Date 13 Oct 14
NAV (24 Jun 22) ₹25.1067 ↑ 0.26   (1.03 %)
Net Assets (Cr) ₹2,905 on 31 May 22
Category Equity - ELSS
AMC Tata Asset Management Limited
Rating
Risk Moderately High
Expense Ratio 1.9
Sharpe Ratio 0.46
Information Ratio -0.51
Alpha Ratio 0.78
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 May 17₹10,000
31 May 18₹11,230
31 May 19₹12,016
31 May 20₹9,670
31 May 21₹15,713
31 May 22₹17,082

Tata 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 ₹385,859.
Net Profit of ₹85,859
Invest Now

Returns for Tata 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 24 Jun 22

DurationReturns
1 Month -2.3%
3 Month -9.4%
6 Month -8.3%
1 Year 1.8%
3 Year 10.5%
5 Year 9.8%
10 Year
15 Year
Since launch 12.7%
Historical performance (Yearly) on absolute basis
YearReturns
2021 30.4%
2020 11.9%
2019 13.6%
2018 -8.4%
2017 46%
2016 2.1%
2015 13.3%
2014
2013
2012
Fund Manager information for Tata India Tax Savings Fund
NameSinceTenure
Tejas Gutka9 Mar 211.23 Yr.

Data below for Tata India Tax Savings Fund as on 31 May 22

Equity Sector Allocation
SectorValue
Financial Services35.1%
Industrials17.66%
Technology9.05%
Energy7.54%
Consumer Cyclical7.06%
Basic Materials6.01%
Health Care5.73%
Communication Services4.92%
Utility2.36%
Real Estate1.44%
Asset Allocation
Asset ClassValue
Cash3.12%
Equity96.88%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK
7%₹208 Cr2,800,000
↓ -520,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE
6%₹188 Cr675,000
Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY
6%₹182 Cr1,160,000
↓ -190,000
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK
6%₹181 Cr1,305,000
↑ 170,000
State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN
6%₹171 Cr3,450,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC
4%₹128 Cr575,000
↑ 105,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | AXISBANK
4%₹107 Cr1,465,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 19 | BHARTIARTL
3%₹94 Cr1,275,000
KEI Industries Ltd (Industrials)
Equity, Since 30 Jun 21 | KEI
2%₹68 Cr563,824
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 16 | LT
2%₹66 Cr390,000

3. 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 13.7% 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 (24 Jun 22) ₹72.287 ↑ 0.70   (0.97 %)
Net Assets (Cr) ₹9,504 on 31 May 22
Category Equity - ELSS
AMC DSP BlackRock Invmt Managers Pvt. Ltd.
Rating
Risk Moderately High
Expense Ratio 1.87
Sharpe Ratio 0.33
Information Ratio 0.36
Alpha Ratio -0.41
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 May 17₹10,000
31 May 18₹10,714
31 May 19₹11,579
31 May 20₹9,734
31 May 21₹16,765
31 May 22₹17,934

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 ₹405,518.
Net Profit of ₹105,518
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 24 Jun 22

DurationReturns
1 Month -2.6%
3 Month -8.4%
6 Month -8%
1 Year -1.2%
3 Year 14.3%
5 Year 11.4%
10 Year
15 Year
Since launch 13.7%
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 156.88 Yr.
Charanjit Singh1 Jan 211.41 Yr.

Data below for DSP BlackRock Tax Saver Fund as on 31 May 22

Equity Sector Allocation
SectorValue
Financial Services36.83%
Consumer Cyclical10.69%
Basic Materials10.41%
Technology10.32%
Industrials8.58%
Health Care7.72%
Utility5.83%
Communication Services3.11%
Energy2.68%
Consumer Defensive2.67%
Asset Allocation
Asset ClassValue
Cash1.16%
Equity98.84%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK
9%₹915 Cr12,314,497
↑ 136,012
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK
8%₹756 Cr5,456,452
↑ 564,039
Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY
7%₹709 Cr4,522,740
↑ 126,850
Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | AXISBANK
7%₹640 Cr8,783,608
↑ 127,811
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
5%₹504 Cr10,158,698
↑ 687,305
SBI Life Insurance Company Limited (Financial Services)
Equity, Since 30 Jun 20 | SBILIFE
3%₹273 Cr2,468,846
NTPC Ltd (Utilities)
Equity, Since 31 Jan 19 | NTPC
3%₹272 Cr17,387,006
↑ 1,705,727
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jul 19 | BHARTIARTL
3%₹260 Cr3,522,557
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Apr 20 | SUNPHARMA
3%₹259 Cr2,786,716
↑ 164,235
HCL Technologies Ltd (Technology)
Equity, Since 31 Mar 21 | HCLTECH
2%₹238 Cr2,204,994

4. L&T Tax Advantage Fund

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 CAGR/Annualized return of 12.5% since its launch.  Ranked 7 in ELSS category.  Return for 2021 was 30.3% , 2020 was 13.5% and 2019 was 4.6% .

Below is the key information for L&T Tax Advantage Fund

L&T Tax Advantage Fund
Growth
Launch Date 27 Feb 06
NAV (24 Jun 22) ₹68.566 ↑ 0.72   (1.07 %)
Net Assets (Cr) ₹3,080 on 31 May 22
Category Equity - ELSS
AMC L&T Investment Management Ltd
Rating
Risk Moderately High
Expense Ratio 2.03
Sharpe Ratio 0.03
Information Ratio -0.96
Alpha Ratio -4.08
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 May 17₹10,000
31 May 18₹11,278
31 May 19₹11,034
31 May 20₹8,885
31 May 21₹14,280
31 May 22₹14,761

L&T 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 ₹357,992.
Net Profit of ₹57,992
Invest Now

Returns for L&T 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 24 Jun 22

DurationReturns
1 Month -3%
3 Month -12.5%
6 Month -13.7%
1 Year -6.2%
3 Year 8.6%
5 Year 6.6%
10 Year
15 Year
Since launch 12.5%
Historical performance (Yearly) on absolute basis
YearReturns
2021 30.3%
2020 13.5%
2019 4.6%
2018 -8.1%
2017 42.3%
2016 8.1%
2015 2.9%
2014 44.8%
2013 6.8%
2012 27.4%
Fund Manager information for L&T Tax Advantage Fund
NameSinceTenure
Vihang Naik17 Dec 192.46 Yr.
Cheenu Gupta2 Jul 210.92 Yr.

Data below for L&T Tax Advantage Fund as on 31 May 22

Equity Sector Allocation
SectorValue
Financial Services24.12%
Consumer Cyclical19.57%
Technology17.3%
Basic Materials10.94%
Energy9.63%
Health Care5.02%
Utility4.5%
Industrials2.4%
Real Estate2.01%
Consumer Defensive1.8%
Communication Services1.13%
Asset Allocation
Asset ClassValue
Cash1.59%
Equity98.41%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 21 | RELIANCE
10%₹312 Cr1,118,400
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK
8%₹266 Cr3,572,500
Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY
7%₹220 Cr1,400,900
↑ 71,700
State Bank of India (Financial Services)
Equity, Since 31 Jan 19 | SBIN
5%₹171 Cr3,445,000
Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Jul 21 | BAJFINANCE
4%₹123 Cr184,200
Titan Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 21 | TITAN
4%₹122 Cr496,500
Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 21 | INDHOTEL
4%₹116 Cr4,540,577
Persistent Systems Ltd (Technology)
Equity, Since 31 Jul 21 | PERSISTENT
3%₹101 Cr234,400
↑ 38,900
Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 Oct 21 | TATAMOTORS
3%₹91 Cr2,075,100
↓ -231,500
SRF Ltd (Basic Materials)
Equity, Since 31 Jul 21 | SRF
3%₹87 Cr344,800

5. 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 May 17₹10,000
31 May 18₹10,915
31 May 19₹12,033
31 May 20₹9,230
31 May 21₹16,172

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 24 Jun 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

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

Equity Sector Allocation
SectorValue
Asset Allocation
Asset ClassValue
Top Securities Holdings / Portfolio
NameHoldingValueQuantity

6. Sundaram Diversified Equity Fund

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.

Sundaram Diversified Equity Fund is a Equity - ELSS fund was launched on 22 Nov 99. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 15.7% since its launch.  Ranked 14 in ELSS category.  Return for 2021 was 31.5% , 2020 was 9.9% and 2019 was 6.2% .

Below is the key information for Sundaram Diversified Equity Fund

Sundaram Diversified Equity Fund
Growth
Launch Date 22 Nov 99
NAV (24 Jun 22) ₹133.84 ↑ 1.50   (1.13 %)
Net Assets (Cr) ₹1,778 on 31 May 22
Category Equity - ELSS
AMC Sundaram Asset Management Company Ltd
Rating
Risk Moderately High
Expense Ratio 2.14
Sharpe Ratio 0.55
Information Ratio -1.02
Alpha Ratio 1.72
Min Investment 500
Min SIP Investment 250
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 May 17₹10,000
31 May 18₹10,784
31 May 19₹10,913
31 May 20₹8,126
31 May 21₹13,342
31 May 22₹14,627

Sundaram Diversified Equity Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹357,992.
Net Profit of ₹57,992
Invest Now

Returns for Sundaram Diversified Equity Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jun 22

DurationReturns
1 Month -1.7%
3 Month -6.9%
6 Month -7.5%
1 Year 2.1%
3 Year 9.6%
5 Year 6.7%
10 Year
15 Year
Since launch 15.7%
Historical performance (Yearly) on absolute basis
YearReturns
2021 31.5%
2020 9.9%
2019 6.2%
2018 -10.6%
2017 38.4%
2016 6.8%
2015 3.1%
2014 45.7%
2013 1.4%
2012 34.5%
Fund Manager information for Sundaram Diversified Equity Fund
NameSinceTenure
Sudhir Kedia1 Jan 220.41 Yr.
Rohit Seksaria24 Feb 211.26 Yr.

Data below for Sundaram Diversified Equity Fund as on 31 May 22

Equity Sector Allocation
SectorValue
Financial Services39.61%
Industrials13.68%
Consumer Cyclical11.51%
Technology11.3%
Energy6.04%
Consumer Defensive5.83%
Health Care4.7%
Basic Materials3.88%
Communication Services2.41%
Real Estate0.9%
Asset Allocation
Asset ClassValue
Cash0.14%
Equity99.86%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 11 | ICICIBANK
9%₹164 Cr2,200,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 12 | RELIANCE
6%₹112 Cr400,000
↓ -27,195
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | HDFCBANK
6%₹110 Cr796,000
↓ -14,000
Infosys Ltd (Technology)
Equity, Since 30 Nov 16 | INFY
5%₹93 Cr592,000
↓ -142,571
Axis Bank Ltd (Financial Services)
Equity, Since 31 May 18 | AXISBANK
5%₹85 Cr1,170,000
State Bank of India (Financial Services)
Equity, Since 31 Aug 20 | SBIN
5%₹85 Cr1,715,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Jul 19 | HDFC
3%₹61 Cr272,000
↑ 66,186
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 20 | TCS
3%₹59 Cr165,000
↓ -10,776
Grindwell Norton Ltd (Industrials)
Equity, Since 31 Mar 14 | GRINDWELL
3%₹58 Cr336,182
↓ -54,694
Polycab India Ltd (Industrials)
Equity, Since 31 Jan 22 | POLYCAB
3%₹57 Cr229,000

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?

  1. Open Free Investment Account for Lifetime at Fincash.com.

  2. Complete your Registration and KYC Process

  3. Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!

    Get Started

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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