+91-22-62820123
Fincash » Mutual Funds » Best Performing Tax Saving Mutual Funds
Table of Contents
6 Best Performing Tax Saving Mutual Funds 2019
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 An Open-ended equity linked savings scheme (ELSS) with the objective of long term growth of capital through a portfolio with a target allocation of 80% equity,
20% debt and money market securities Aditya Birla Sun Life Tax Relief '96 is a Equity - ELSS fund was launched on 6 Mar 08. It is a fund with Moderately High risk and has given a Below is the key information for Aditya Birla Sun Life Tax Relief '96 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 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 Below is the key information for HDFC Long Term Advantage 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 ₹18.4744
↑ 0.05 ₹1,790 1.6 8.8 9 12 -8.4 IDFC Tax Advantage (ELSS) Fund Growth ₹55.38
↓ -0.03 ₹1,996 -2.7 4.4 0.1 11.6 11.9 -9.4 DSP BlackRock Tax Saver Fund Growth ₹48.421
↑ 0.14 ₹5,487 -0.6 7.7 7.4 11 12.5 -7.6 L&T Tax Advantage Fund Growth ₹53.461
↑ 0.12 ₹3,322 -1.2 2.1 -3.1 9.6 11 -8.1 Aditya Birla Sun Life Tax Relief '96 Growth ₹30.09
↓ -0.08 ₹8,685 -6.4 -1.3 -3.3 9.5 12.7 -4.5 HDFC Long Term Advantage Fund Growth ₹365.483
↑ 0.32 ₹1,461 0.6 6.5 8.4 13 11.1 -3.9 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 17 Jul 19 1. Tata India Tax Savings Fund
CAGR/Annualized return of 13.8% since its launch. Ranked 1 in ELSS category. Return for 2018 was -8.4% , 2017 was 46% and 2016 was 2.1% . Tata India Tax Savings Fund
Growth Launch Date 13 Oct 14 NAV (17 Jul 19) ₹18.4744 ↑ 0.05 (0.29 %) Net Assets (Cr) ₹1,790 on 30 Apr 19 Category Equity - ELSS AMC Tata Asset Management Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.61 Sharpe Ratio -0.05 Information Ratio -0.22 Alpha Ratio -11.12 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Jun 15 ₹11,139 30 Jun 16 ₹12,422 30 Jun 17 ₹15,082 30 Jun 18 ₹16,166 30 Jun 19 ₹18,096 Returns for Tata India Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Jul 19 Duration Returns 1 Month 0.3% 3 Month 1.6% 6 Month 8.8% 1 Year 9% 3 Year 12% 5 Year 10 Year 15 Year Since launch 13.8% Historical performance (Yearly) on absolute basis
Year Returns 2018 -8.4% 2017 46% 2016 2.1% 2015 13.3% 2014 2013 2012 2011 2010 2009 Fund Manager information for Tata India Tax Savings Fund
Name Since Tenure Rupesh Patel 1 Apr 15 3.84 Yr. Ennette Fernandes 18 Jun 18 0.62 Yr. Data below for Tata India Tax Savings Fund as on 30 Apr 19
Equity Sector Allocation
Sector Value Financial Services 41.5% Industrials 11.2% Technology 9.55% Consumer Cyclical 9.38% Consumer Defensive 7.25% Health Care 6.3% Energy 5.63% Basic Materials 2.79% Real Estate 0.67% Asset Allocation
Asset Class Value Cash 5.73% Equity 94.27% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK9% ₹170 Cr 4,015,000 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK7% ₹136 Cr 560,000 Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY7% ₹124 Cr 1,680,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322156% ₹121 Cr 1,500,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN6% ₹109 Cr 3,100,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 15 | KOTAKBANK4% ₹75 Cr 495,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC4% ₹74 Cr 340,000
↑ 30,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE4% ₹67 Cr 500,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 18 | TCS3% ₹55 Cr 250,000 ITC Ltd (Consumer Defensive)
Equity, Since 30 Sep 16 | ITC3% ₹53 Cr 1,900,000 2. IDFC Tax Advantage (ELSS) Fund
CAGR/Annualized return of 17.6% since its launch. Ranked 3 in ELSS category. Return for 2018 was -9.4% , 2017 was 53.4% and 2016 was 0.4% . IDFC Tax Advantage (ELSS) Fund
Growth Launch Date 26 Dec 08 NAV (17 Jul 19) ₹55.38 ↓ -0.03 (-0.05 %) Net Assets (Cr) ₹1,996 on 30 Apr 19 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.74 Sharpe Ratio -0.51 Information Ratio -0.09 Alpha Ratio -11.36 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Jun 14 ₹10,000 30 Jun 15 ₹13,079 30 Jun 16 ₹12,675 30 Jun 17 ₹16,080 30 Jun 18 ₹18,123 30 Jun 19 ₹18,414 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Jul 19 Duration Returns 1 Month -0.9% 3 Month -2.7% 6 Month 4.4% 1 Year 0.1% 3 Year 11.6% 5 Year 11.9% 10 Year 15 Year Since launch 17.6% Historical performance (Yearly) on absolute basis
Year Returns 2018 -9.4% 2017 53.4% 2016 0.4% 2015 6.9% 2014 42.2% 2013 15% 2012 36.2% 2011 -23.3% 2010 24% 2009 70.8% 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 30 Apr 19
Equity Sector Allocation
Sector Value Financial Services 29.4% Industrials 14.08% Consumer Cyclical 13.11% Basic Materials 12.72% Technology 8.49% Energy 6.26% Health Care 5.89% Consumer Defensive 4.33% Utility 1.92% Communication Services 0.22% Asset Allocation
Asset Class Value Cash 2.98% Equity 97.01% Other 0.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK7% ₹142 Cr 3,350,000
↑ 200,000 State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN5% ₹95 Cr 2,700,000
↑ 100,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK4% ₹85 Cr 350,000 Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 18 | 5322154% ₹85 Cr 1,050,000
↑ 125,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE4% ₹73 Cr 550,000 Triparty Repo
CBLO/Reverse Repo | -3% ₹64 Cr Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY3% ₹59 Cr 800,000 Future Retail Ltd (Consumer Cyclical)
Equity, Since 31 Aug 16 | FRETAIL3% ₹58 Cr 1,285,000
↑ 25,000 RBL Bank Ltd (Financial Services)
Equity, Since 31 Aug 16 | RBLBANK3% ₹57 Cr 825,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 19 | LT2% ₹47 Cr 300,000
↑ 80,000 3. DSP BlackRock Tax Saver Fund
CAGR/Annualized return of 13.5% since its launch. Ranked 12 in ELSS category. Return for 2018 was -7.6% , 2017 was 36.3% and 2016 was 11.3% . DSP BlackRock Tax Saver Fund
Growth Launch Date 18 Jan 07 NAV (17 Jul 19) ₹48.421 ↑ 0.14 (0.30 %) Net Assets (Cr) ₹5,487 on 30 Apr 19 Category Equity - ELSS AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.47 Sharpe Ratio 0.04 Information Ratio -0.07 Alpha Ratio -0.04 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Jun 14 ₹10,000 30 Jun 15 ₹12,071 30 Jun 16 ₹12,985 30 Jun 17 ₹15,862 30 Jun 18 ₹16,679 30 Jun 19 ₹18,479 Returns for DSP BlackRock Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Jul 19 Duration Returns 1 Month 0.8% 3 Month -0.6% 6 Month 7.7% 1 Year 7.4% 3 Year 11% 5 Year 12.5% 10 Year 15 Year Since launch 13.5% Historical performance (Yearly) on absolute basis
Year Returns 2018 -7.6% 2017 36.3% 2016 11.3% 2015 4.4% 2014 52.2% 2013 6.7% 2012 39.8% 2011 -26.7% 2010 23.3% 2009 84.2% 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 30 Apr 19
Equity Sector Allocation
Sector Value Financial Services 39.89% Basic Materials 12.34% Technology 8.68% Industrials 8.44% Health Care 8.44% Consumer Defensive 6.06% Consumer Cyclical 4.48% Energy 4.14% Utility 2.82% Real Estate 0.69% Asset Allocation
Asset Class Value Cash 4.01% Equity 95.99% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK9% ₹485 Cr 11,455,653
↓ -1,131,618 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK9% ₹484 Cr 1,995,629
↑ 45,293 Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 5322157% ₹415 Cr 5,138,027
↑ 861,105 Treps / Reverse Repo Investments / Corporate Debt Repo
CBLO/Reverse Repo | -4% ₹218 Cr Bharat Financial Inclusion Ltd (Financial Services)
Equity, Since 31 Aug 17 | BHARATFIN4% ₹209 Cr 2,093,088
↑ 369,921 State Bank of India (Financial Services)
Equity, Since 30 Jun 08 | SBIN3% ₹186 Cr 5,282,056
↓ -1,962,222 Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 16 | LT3% ₹183 Cr 1,176,536
↓ -300,780 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 28 Feb 17 | KOTAKBANK3% ₹181 Cr 1,190,606
↑ 36,584 HCL Technologies Ltd (Technology)
Equity, Since 31 Mar 16 | HCLTECH3% ₹179 Cr 1,638,078
↑ 234,001 Asian Paints Ltd (Basic Materials)
Equity, Since 31 Jul 16 | 5008203% ₹174 Cr 1,237,016
↑ 104,723 4. L&T Tax Advantage Fund
CAGR/Annualized return of 13.3% since its launch. Ranked 7 in ELSS category. Return for 2018 was -8.1% , 2017 was 42.3% and 2016 was 8.1% . L&T Tax Advantage Fund
Growth Launch Date 27 Feb 06 NAV (17 Jul 19) ₹53.461 ↑ 0.12 (0.22 %) Net Assets (Cr) ₹3,322 on 30 Apr 19 Category Equity - ELSS AMC L&T Investment Management Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.61 Sharpe Ratio -0.68 Information Ratio -0.43 Alpha Ratio -12.56 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Jun 14 ₹10,000 30 Jun 15 ₹11,916 30 Jun 16 ₹12,499 30 Jun 17 ₹15,824 30 Jun 18 ₹17,228 30 Jun 19 ₹17,172 Returns for L&T Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Jul 19 Duration Returns 1 Month 0% 3 Month -1.2% 6 Month 2.1% 1 Year -3.1% 3 Year 9.6% 5 Year 11% 10 Year 15 Year Since launch 13.3% Historical performance (Yearly) on absolute basis
Year Returns 2018 -8.1% 2017 42.3% 2016 8.1% 2015 2.9% 2014 44.8% 2013 6.8% 2012 27.4% 2011 -21.8% 2010 29.2% 2009 86.7% Fund Manager information for L&T Tax Advantage Fund
Name Since Tenure S.N. Lahiri 24 Nov 12 6.19 Yr. Data below for L&T Tax Advantage Fund as on 30 Apr 19
Equity Sector Allocation
Sector Value Financial Services 34.34% Technology 12.14% Basic Materials 11.26% Consumer Cyclical 11.19% Industrials 9.42% Health Care 7.67% Energy 4.71% Communication Services 2.75% Consumer Defensive 2.41% Utility 1% Asset Allocation
Asset Class Value Cash 3.2% Equity 96.9% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK6% ₹220 Cr 5,184,600 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK6% ₹218 Cr 897,300 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 09 | TCS4% ₹151 Cr 689,300
↑ 44,800 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCE4% ₹134 Cr 1,004,100 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 06 | LT3% ₹117 Cr 753,000 (A) Tri Party Repo Dealing System (Treps)
CBLO/Reverse Repo | -3% ₹110 Cr Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 May 17 | HDFC3% ₹107 Cr 492,400
↓ -56,600 Future Retail Ltd (Consumer Cyclical)
Equity, Since 31 Aug 16 | FRETAIL3% ₹107 Cr 2,386,000 RBL Bank Ltd (Financial Services)
Equity, Since 31 Mar 19 | RBLBANK3% ₹106 Cr 1,540,700
↑ 50,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 May 17 | 5322153% ₹105 Cr 1,293,000 5. Aditya Birla Sun Life Tax Relief '96
CAGR/Annualized return of 10.2% since its launch. Ranked 4 in ELSS category. Return for 2018 was -4.5% , 2017 was 43.2% and 2016 was 3.4% . Aditya Birla Sun Life Tax Relief '96
Growth Launch Date 6 Mar 08 NAV (17 Jul 19) ₹30.09 ↓ -0.08 (-0.27 %) Net Assets (Cr) ₹8,685 on 30 Apr 19 Category Equity - ELSS AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.42 Sharpe Ratio -0.34 Information Ratio -0.29 Alpha Ratio -7.92 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Jun 14 ₹10,000 30 Jun 15 ₹13,028 30 Jun 16 ₹13,748 30 Jun 17 ₹16,673 30 Jun 18 ₹19,023 30 Jun 19 ₹18,919 Returns for Aditya Birla Sun Life Tax Relief '96
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Jul 19 Duration Returns 1 Month -1.7% 3 Month -6.4% 6 Month -1.3% 1 Year -3.3% 3 Year 9.5% 5 Year 12.7% 10 Year 15 Year Since launch 10.2% Historical performance (Yearly) on absolute basis
Year Returns 2018 -4.5% 2017 43.2% 2016 3.4% 2015 9.2% 2014 54.6% 2013 9.1% 2012 36.6% 2011 -29.6% 2010 13.5% 2009 102.8% Fund Manager information for Aditya Birla Sun Life Tax Relief '96
Name Since Tenure Ajay Garg 1 Oct 06 12.34 Yr. Data below for Aditya Birla Sun Life Tax Relief '96 as on 30 Apr 19
Equity Sector Allocation
Sector Value Financial Services 21.57% Consumer Cyclical 17.52% Industrials 12.71% Health Care 11.38% Basic Materials 11.18% Consumer Defensive 9.17% Energy 7.72% Technology 4.82% Asset Allocation
Asset Class Value Cash 3.93% Equity 96.07% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 08 | RELIANCE8% ₹688 Cr 5,171,293 Honeywell Automation India Ltd (Industrials)
Equity, Since 30 Jun 08 | 5171748% ₹683 Cr 265,467
↑ 2,176 Gillette India Ltd (Consumer Defensive)
Equity, Since 30 Jun 14 | GILLETTE7% ₹637 Cr 856,245
↑ 26,355 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFC6% ₹519 Cr 2,375,753 Pfizer Ltd (Healthcare)
Equity, Since 30 Apr 11 | PFIZER5% ₹482 Cr 1,516,329
↑ 46,657 Bayer CropScience Ltd (Basic Materials)
Equity, Since 31 Aug 11 | 5062855% ₹447 Cr 1,165,984
↑ 8,910 Thomas Cook India Ltd (Consumer Cyclical)
Equity, Since 31 Aug 15 | THOMASCOOK5% ₹402 Cr 17,180,606
↑ 487,937 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Jun 08 | LT4% ₹399 Cr 2,562,781 Clearing Corporation Of India Limited
CBLO | -4% ₹365 Cr GlaxoSmithKline Pharmaceuticals Ltd (Healthcare)
Equity, Since 31 Mar 10 | 5006604% ₹353 Cr 2,792,175
↑ 109,350 6. HDFC Long Term Advantage Fund
CAGR/Annualized return of 21.4% since its launch. Ranked 23 in ELSS category. Return for 2018 was -3.9% , 2017 was 36.2% and 2016 was 13% . HDFC Long Term Advantage Fund
Growth Launch Date 2 Jan 01 NAV (17 Jul 19) ₹365.483 ↑ 0.32 (0.09 %) Net Assets (Cr) ₹1,461 on 30 Apr 19 Category Equity - ELSS AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.49 Sharpe Ratio 0.2 Information Ratio -0.13 Alpha Ratio -6.36 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Jun 14 ₹10,000 30 Jun 15 ₹11,108 30 Jun 16 ₹11,611 30 Jun 17 ₹14,399 30 Jun 18 ₹15,488 30 Jun 19 ₹17,294
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 17 Jul 19 Duration Returns 1 Month 0.8% 3 Month 0.6% 6 Month 6.5% 1 Year 8.4% 3 Year 13% 5 Year 11.1% 10 Year 15 Year Since launch 21.4% Historical performance (Yearly) on absolute basis
Year Returns 2018 -3.9% 2017 36.2% 2016 13% 2015 -2.4% 2014 44.7% 2013 11% 2012 28.8% 2011 -23.5% 2010 28.4% 2009 88.9% Fund Manager information for HDFC Long Term Advantage Fund
Name Since Tenure Chirag Setalvad 2 Apr 07 12 Yr. Amar Kalkundrikar 10 Jan 19 0.22 Yr. Data below for HDFC Long Term Advantage Fund as on 30 Apr 19
Equity Sector Allocation
Sector Value Financial Services 34.4% Industrials 16.28% Energy 11.9% Technology 10.25% Basic Materials 9.39% Consumer Defensive 5.43% Health Care 2.29% Consumer Cyclical 2.1% Utility 1.95% Communication Services 1.22% Asset Allocation
Asset Class Value Cash 4.48% Equity 95.52% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 13 | HDFCBANK10% ₹147 Cr 605,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK9% ₹140 Cr 3,300,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 05 | RELIANCE9% ₹133 Cr 1,000,000 Infosys Ltd (Technology)
Equity, Since 30 Nov 06 | INFY7% ₹107 Cr 1,453,908 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Oct 07 | LT6% ₹95 Cr 607,500 State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN6% ₹92 Cr 2,600,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFC6% ₹87 Cr 400,000 ITC Ltd (Consumer Defensive)
Equity, Since 31 Oct 05 | ITC5% ₹79 Cr 2,822,910 Collateralised Borrowing & Lending Obligation
CBLO | -5% ₹72 Cr Vesuvius India Ltd (Industrials)
Equity, Since 31 Jan 11 | 5201133% ₹47 Cr 400,000
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.
AMFI Registration No. 112358 | CIN: U74999MH2016PTC282153
Shepard Technologies Pvt. Ltd. (with ARN code 112358) makes no warranties or representations, express or implied, on products offered through the platform. It accepts no liability for any damages or losses, however caused, in connection with the use of, or on the reliance of its product or related services. Terms and conditions of the website are applicable.
©2019 Shepard Technologies Private Limited. All Rights Reserved