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6 Best Performing Tax Saving Mutual Funds 2020
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.
Talk to our investment specialist
Best Performing Tax Saving Mutual Funds
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 The investment objective of the Scheme is to seek to generate long term capital growth from a diversified portfolio of predominantly equity and equity related securities. There can be no assurance that the investment objective of the scheme will be realised. IDFC Tax Advantage (ELSS) Fund is a Equity - ELSS fund was launched on 26 Dec 08. It is a fund with Moderately High risk and has given a Below is the key information for IDFC Tax Advantage (ELSS) Fund Returns up to 1 year are on The primary investment objective of the Scheme is to seek to generate medium to long-term capital appreciation from a diversified portfolio that is substantially constituted of equity and equity related securities of corporates, and to enable investors to avail of a deduction from total income, as permitted under the Income Tax Act, 1961 from time to time. DSP BlackRock Tax Saver Fund is a Equity - ELSS fund was launched on 18 Jan 07. It is a fund with Moderately High risk and has given a Below is the key information for DSP BlackRock Tax Saver Fund Returns up to 1 year are on 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 The investment objective of the scheme is to generate longterm capital appreciation from a diversified portfolio of equity and equity related securities and enable investors to avail the income tax rebate, as permitted from time to time. Kotak Tax Saver Scheme is a Equity - ELSS fund was launched on 23 Nov 05. It is a fund with Moderately High risk and has given a Below is the key information for Kotak Tax Saver Scheme 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. 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 Below is the key information for Sundaram Diversified Equity Fund Returns up to 1 year are on Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2018 (%) Tata India Tax Savings Fund Growth ₹19.6285
↑ 0.14 ₹2,094 7.1 10.9 16.8 13.2 11.1 13.6 IDFC Tax Advantage (ELSS) Fund Growth ₹57.16
↑ 0.32 ₹2,119 8.1 8.3 9.3 11.4 8.4 1.9 DSP BlackRock Tax Saver Fund Growth ₹53.043
↑ 0.40 ₹6,260 6.2 13.4 19.5 11.8 10.3 14.8 L&T Tax Advantage Fund Growth ₹57.388
↑ 0.30 ₹3,382 8.5 11.7 11.9 10.4 8.4 4.6 Kotak Tax Saver Scheme Growth ₹49.128
↑ 0.52 ₹1,068 10.7 14.3 19.2 12.8 9.1 12.7 Sundaram Diversified Equity Fund Growth ₹106.094
↑ 1.11 ₹2,578 5.9 11.4 12.1 8.7 7.3 6.2 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Jan 20 1. Tata India Tax Savings Fund
CAGR/Annualized return of 13.6% since its launch. Ranked 1 in ELSS category. Return for 2019 was 13.6% , 2018 was -8.4% and 2017 was 46% . Tata India Tax Savings Fund
Growth Launch Date 13 Oct 14 NAV (24 Jan 20) ₹19.6285 ↑ 0.14 (0.71 %) Net Assets (Cr) ₹2,094 on 31 Dec 19 Category Equity - ELSS AMC Tata Asset Management Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.08 Sharpe Ratio 0.79 Information Ratio -0.26 Alpha Ratio -3.75 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 14 ₹10,000 31 Dec 15 ₹11,331 31 Dec 16 ₹11,574 31 Dec 17 ₹16,898 31 Dec 18 ₹15,482 31 Dec 19 ₹17,586 Returns for Tata India Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jan 20 Duration Returns 1 Month 2.1% 3 Month 7.1% 6 Month 10.9% 1 Year 16.8% 3 Year 13.2% 5 Year 11.1% 10 Year 15 Year Since launch 13.6% Historical performance (Yearly) on absolute basis
Year Returns 2018 13.6% 2017 -8.4% 2016 46% 2015 2.1% 2014 13.3% 2013 2012 2011 2010 2009 Fund Manager information for Tata India Tax Savings Fund
Name Since Tenure Rupesh Patel 1 Apr 15 4.59 Yr. Ennette Fernandes 18 Jun 18 1.37 Yr. Data below for Tata India Tax Savings Fund as on 31 Dec 19
Equity Sector Allocation
Sector Value Financial Services 45.76% Energy 10.3% Industrials 9.78% Technology 8.66% Consumer Cyclical 8.53% Health Care 5.45% Basic Materials 3.28% Consumer Defensive 3.06% Communication Services 2.04% Real Estate 0.75% Asset Allocation
Asset Class Value Cash 2.49% Equity 97.59% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK10% ₹205 Cr 4,000,000
↓ -100,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN9% ₹182 Cr 5,325,000 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK8% ₹163 Cr 1,282,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC6% ₹130 Cr 565,000 Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY6% ₹117 Cr 1,680,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE5% ₹113 Cr 730,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322155% ₹111 Cr 1,500,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 15 | KOTAKBANK4% ₹80 Cr 495,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 18 | TCS3% ₹62 Cr 300,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Dec 16 | 5000343% ₹61 Cr 150,000 2. IDFC Tax Advantage (ELSS) Fund
CAGR/Annualized return of 17% since its launch. Ranked 3 in ELSS category. Return for 2019 was 1.9% , 2018 was -9.4% and 2017 was 53.4% . IDFC Tax Advantage (ELSS) Fund
Growth Launch Date 26 Dec 08 NAV (24 Jan 20) ₹57.16 ↑ 0.32 (0.56 %) Net Assets (Cr) ₹2,119 on 31 Dec 19 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.22 Sharpe Ratio -0.01 Information Ratio -0.39 Alpha Ratio -9.84 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 14 ₹10,000 31 Dec 15 ₹10,690 31 Dec 16 ₹10,734 31 Dec 17 ₹16,461 31 Dec 18 ₹14,913 31 Dec 19 ₹15,203 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jan 20 Duration Returns 1 Month 4.6% 3 Month 8.1% 6 Month 8.3% 1 Year 9.3% 3 Year 11.4% 5 Year 8.4% 10 Year 15 Year Since launch 17% Historical performance (Yearly) on absolute basis
Year Returns 2018 1.9% 2017 -9.4% 2016 53.4% 2015 0.4% 2014 6.9% 2013 42.2% 2012 15% 2011 36.2% 2010 -23.3% 2009 24% Fund Manager information for IDFC Tax Advantage (ELSS) Fund
Name Since Tenure Daylynn Pinto 20 Oct 16 2.61 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 31 Dec 19
Equity Sector Allocation
Sector Value Financial Services 28.9% Industrials 16.45% Basic Materials 13.02% Consumer Cyclical 12.58% Technology 7.57% Energy 6.24% Health Care 4.2% Consumer Defensive 3.95% Utility 1.41% Communication Services 0.66% Asset Allocation
Asset Class Value Cash 4.36% Equity 95.63% Other 0.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK8% ₹167 Cr 3,250,000
↓ -50,000 Triparty Repo
CBLO/Reverse Repo | -4% ₹93 Cr State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN4% ₹92 Cr 2,700,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK4% ₹87 Cr 680,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE4% ₹85 Cr 550,000
↑ 50,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY4% ₹77 Cr 1,100,000
↑ 240,000 Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 18 | 5322154% ₹74 Cr 1,000,000 RBL Bank Ltd (Financial Services)
Equity, Since 31 Aug 16 | RBLBANK3% ₹60 Cr 1,600,000
↑ 75,000 Future Retail Ltd (Consumer Cyclical)
Equity, Since 31 Aug 16 | FRETAIL2% ₹47 Cr 1,375,000 KEC International Ltd (Industrials)
Equity, Since 30 Sep 15 | 5327142% ₹47 Cr 1,650,000
↑ 75,000 3. DSP BlackRock Tax Saver Fund
CAGR/Annualized return of 13.7% since its launch. Ranked 12 in ELSS category. Return for 2019 was 14.8% , 2018 was -7.6% and 2017 was 36.3% . DSP BlackRock Tax Saver Fund
Growth Launch Date 18 Jan 07 NAV (24 Jan 20) ₹53.043 ↑ 0.40 (0.76 %) Net Assets (Cr) ₹6,260 on 31 Dec 19 Category Equity - ELSS AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.11 Sharpe Ratio 0.88 Information Ratio -0.16 Alpha Ratio 5.16 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 14 ₹10,000 31 Dec 15 ₹10,440 31 Dec 16 ₹11,617 31 Dec 17 ₹15,833 31 Dec 18 ₹14,623 31 Dec 19 ₹16,792 Returns for DSP BlackRock Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jan 20 Duration Returns 1 Month 3% 3 Month 6.2% 6 Month 13.4% 1 Year 19.5% 3 Year 11.8% 5 Year 10.3% 10 Year 15 Year Since launch 13.7% Historical performance (Yearly) on absolute basis
Year Returns 2018 14.8% 2017 -7.6% 2016 36.3% 2015 11.3% 2014 4.4% 2013 52.2% 2012 6.7% 2011 39.8% 2010 -26.7% 2009 23.3% Fund Manager information for DSP BlackRock Tax Saver Fund
Name Since Tenure Rohit Singhania 16 Jul 15 3.55 Yr. Data below for DSP BlackRock Tax Saver Fund as on 31 Dec 19
Equity Sector Allocation
Sector Value Financial Services 37.24% Energy 11.38% Technology 8.48% Basic Materials 7.41% Consumer Cyclical 6.77% Industrials 6.61% Health Care 6.27% Communication Services 5.64% Utility 3.7% Consumer Defensive 2.73% Real Estate 1.41% Asset Allocation
Asset Class Value Cash 2.36% Equity 97.64% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK8% ₹483 Cr 3,789,477
↓ -600,372 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK7% ₹463 Cr 9,034,351
↓ -1,881,814 State Bank of India (Financial Services)
Equity, Since 30 Sep 19 | SBIN5% ₹313 Cr 9,145,279
↑ 3,393,248 Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY5% ₹307 Cr 4,407,883
↑ 1,007,481 Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 5322155% ₹299 Cr 4,049,346
↑ 547,139 Reliance Industries Ltd (Energy)
Equity, Since 31 May 15 | RELIANCE4% ₹256 Cr 1,652,081
↓ -5,403 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jul 19 | BHARTIARTL4% ₹256 Cr 5,781,056
↑ 1,464,051 Treps / Reverse Repo Investments / Corporate Debt Repo
CBLO/Reverse Repo | -3% ₹166 Cr Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 16 | LT3% ₹161 Cr 1,209,233
↓ -50,819 Bharat Petroleum Corp Ltd (Energy)
Equity, Since 30 Sep 19 | 5005472% ₹149 Cr 2,916,234
↑ 230,917 4. L&T Tax Advantage Fund
CAGR/Annualized return of 13.4% since its launch. Ranked 7 in ELSS category. Return for 2019 was 4.6% , 2018 was -8.1% and 2017 was 42.3% . L&T Tax Advantage Fund
Growth Launch Date 27 Feb 06 NAV (24 Jan 20) ₹57.388 ↑ 0.30 (0.52 %) Net Assets (Cr) ₹3,382 on 31 Dec 19 Category Equity - ELSS AMC L&T Investment Management Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.21 Sharpe Ratio 0.15 Information Ratio -0.82 Alpha Ratio -6.06 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 14 ₹10,000 31 Dec 15 ₹10,290 31 Dec 16 ₹11,127 31 Dec 17 ₹15,830 31 Dec 18 ₹14,551 31 Dec 19 ₹15,227 Returns for L&T Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jan 20 Duration Returns 1 Month 3.7% 3 Month 8.5% 6 Month 11.7% 1 Year 11.9% 3 Year 10.4% 5 Year 8.4% 10 Year 15 Year Since launch 13.4% Historical performance (Yearly) on absolute basis
Year Returns 2018 4.6% 2017 -8.1% 2016 42.3% 2015 8.1% 2014 2.9% 2013 44.8% 2012 6.8% 2011 27.4% 2010 -21.8% 2009 29.2% Fund Manager information for L&T Tax Advantage Fund
Name Since Tenure S.N. Lahiri 24 Nov 12 7.02 Yr. Venugopal Manghat 17 Dec 19 0 Yr. Data below for L&T Tax Advantage Fund as on 31 Dec 19
Equity Sector Allocation
Sector Value Financial Services 36.52% Technology 11.33% Basic Materials 11.1% Health Care 9.37% Consumer Cyclical 8.75% Industrials 8.06% Energy 4.6% Consumer Defensive 3.93% Communication Services 3.61% Utility 0.61% Asset Allocation
Asset Class Value Cash 2.72% Equity 97.88% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK8% ₹256 Cr 4,984,600 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK7% ₹223 Cr 1,751,800 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 09 | TCS5% ₹153 Cr 747,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCE4% ₹132 Cr 853,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | KOTAKBANK4% ₹124 Cr 765,100 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 06 | LT3% ₹113 Cr 853,000 HCL Technologies Ltd (Technology)
Equity, Since 30 Sep 17 | HCLTECH3% ₹99 Cr 879,200
↓ -20,500 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 17 | BHARTIARTL3% ₹98 Cr 2,214,200
↓ -487,611 Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY3% ₹95 Cr 1,370,200 (A) Tri Party Repo Dealing System (Treps)
CBLO/Reverse Repo | -3% ₹93 Cr 5. Kotak Tax Saver Scheme
CAGR/Annualized return of 11.9% since its launch. Ranked 19 in ELSS category. Return for 2019 was 12.7% , 2018 was -3.8% and 2017 was 33.8% . Kotak Tax Saver Scheme
Growth Launch Date 23 Nov 05 NAV (24 Jan 20) ₹49.128 ↑ 0.52 (1.08 %) Net Assets (Cr) ₹1,068 on 31 Dec 19 Category Equity - ELSS AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.4 Sharpe Ratio 0.76 Information Ratio -0.14 Alpha Ratio 3.49 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 14 ₹10,000 31 Dec 15 ₹10,148 31 Dec 16 ₹10,905 31 Dec 17 ₹14,587 31 Dec 18 ₹14,032 31 Dec 19 ₹15,809 Returns for Kotak Tax Saver Scheme
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jan 20 Duration Returns 1 Month 5.7% 3 Month 10.7% 6 Month 14.3% 1 Year 19.2% 3 Year 12.8% 5 Year 9.1% 10 Year 15 Year Since launch 11.9% Historical performance (Yearly) on absolute basis
Year Returns 2018 12.7% 2017 -3.8% 2016 33.8% 2015 7.5% 2014 1.5% 2013 56.6% 2012 -6.3% 2011 36.2% 2010 -26% 2009 19.9% Fund Manager information for Kotak Tax Saver Scheme
Name Since Tenure Harsha Upadhyaya 25 Aug 15 3.44 Yr. Data below for Kotak Tax Saver Scheme as on 31 Dec 19
Equity Sector Allocation
Sector Value Financial Services 28.31% Industrials 18.69% Basic Materials 18.52% Energy 8.15% Technology 6.84% Consumer Cyclical 6.22% Consumer Defensive 5.99% Utility 3.43% Health Care 2.17% Asset Allocation
Asset Class Value Cash 1.63% Equity 98.32% Other 0.04% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE7% ₹72 Cr 464,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK7% ₹72 Cr 1,400,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK6% ₹61 Cr 480,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | 5322156% ₹57 Cr 775,000 GlaxoSmithKline Consumer Healthcare Ltd (Consumer Defensive)
Equity, Since 30 Nov 17 | 5006764% ₹40 Cr 45,000 SRF Ltd (Basic Materials)
Equity, Since 30 Apr 16 | SRF3% ₹34 Cr 105,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 14 | LT3% ₹33 Cr 250,000 AU Small Finance Bank Ltd (Financial Services)
Equity, Since 30 Jun 17 | 5406113% ₹33 Cr 400,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 18 | TCS3% ₹31 Cr 150,000
↓ -20,000 Infosys Ltd (Technology)
Equity, Since 31 Dec 05 | INFY3% ₹28 Cr 400,000 6. Sundaram Diversified Equity Fund
CAGR/Annualized return of 16.3% since its launch. Ranked 14 in ELSS category. Return for 2019 was 6.2% , 2018 was -10.6% and 2017 was 38.4% . Sundaram Diversified Equity Fund
Growth Launch Date 22 Nov 99 NAV (24 Jan 20) ₹106.094 ↑ 1.11 (1.06 %) Net Assets (Cr) ₹2,578 on 31 Dec 19 Category Equity - ELSS AMC Sundaram Asset Management Company Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.23 Sharpe Ratio 0.26 Information Ratio -0.97 Alpha Ratio -4.8 Min Investment 500 Min SIP Investment 250 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 14 ₹10,000 31 Dec 15 ₹10,312 31 Dec 16 ₹11,017 31 Dec 17 ₹15,252 31 Dec 18 ₹13,633 31 Dec 19 ₹14,474 Returns for Sundaram Diversified Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jan 20 Duration Returns 1 Month 3.5% 3 Month 5.9% 6 Month 11.4% 1 Year 12.1% 3 Year 8.7% 5 Year 7.3% 10 Year 15 Year Since launch 16.3% Historical performance (Yearly) on absolute basis
Year Returns 2018 6.2% 2017 -10.6% 2016 38.4% 2015 6.8% 2014 3.1% 2013 45.7% 2012 1.4% 2011 34.5% 2010 -25.4% 2009 13.1% Fund Manager information for Sundaram Diversified Equity Fund
Name Since Tenure S Krishnakumar 1 Apr 15 4.67 Yr. Dwijendra Srivastava 30 Dec 17 1.92 Yr. Rohit Seksaria 30 Dec 17 1.92 Yr. Data below for Sundaram Diversified Equity Fund as on 31 Dec 19
Equity Sector Allocation
Sector Value Financial Services 36.51% Industrials 15.97% Consumer Cyclical 8.68% Consumer Defensive 8.24% Energy 7.58% Basic Materials 7.3% Technology 6.22% Communication Services 4.16% Health Care 1.51% Asset Allocation
Asset Class Value Cash 3.82% Equity 96.18% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 11 | ICICIBANK7% ₹197 Cr 3,839,029 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 12 | RELIANCE6% ₹171 Cr 1,099,829
↑ 124,829 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | HDFCBANK6% ₹161 Cr 1,260,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Jul 19 | HDFC4% ₹109 Cr 472,812
↑ 66,527 Axis Bank Ltd (Financial Services)
Equity, Since 31 May 18 | 5322154% ₹107 Cr 1,448,372
↑ 131,957 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 May 18 | LT4% ₹105 Cr 792,788 Reverse Repo
CBLO/Reverse Repo | -3% ₹91 Cr Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Oct 12 | 5000343% ₹84 Cr 205,804
↑ 13,284 ICICI Lombard General Insurance Co Ltd (Financial Services)
Equity, Since 30 Sep 17 | 5407163% ₹77 Cr 562,791 SBI Life Insurance Co Ltd (Financial Services)
Equity, Since 30 Sep 17 | 5407193% ₹73 Cr 763,254
↑ 200,476
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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