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6 Best Performing Tax Saving Mutual Funds 2021
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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Best Performing Tax Saving Mutual Funds
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 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 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 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 Fund 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 Fund Returns up to 1 year are on Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2020 (%) IDFC Tax Advantage (ELSS) Fund Growth ₹69.41
↓ -0.58 ₹2,512 29.4 44.6 22.4 4 14.1 18.7 Tata India Tax Savings Fund Growth ₹22.3996
↓ -0.25 ₹2,342 23.8 36.6 14.6 6 14.2 11.9 DSP BlackRock Tax Saver Fund Growth ₹62.398
↓ -0.70 ₹7,015 28.2 36.7 18.6 8.1 15.4 15 L&T Tax Advantage Fund Growth ₹64.62
↓ -0.84 ₹3,360 21.1 34.1 13.1 2.7 13.2 13.5 Invesco India Tax Plan Growth ₹65.64
↓ -0.72 ₹1,280 21.9 34.2 20.4 9.1 14.7 19.2 Kotak Tax Saver Fund Growth ₹55.719
↓ -0.65 ₹1,445 21.7 33.4 15.6 8.6 14.7 14.9 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 15 Jan 21 1. IDFC Tax Advantage (ELSS) Fund
CAGR/Annualized return of 17.4% since its launch. Ranked 3 in ELSS category. Return for 2020 was 18.7% , 2019 was 1.9% and 2018 was -9.4% . IDFC Tax Advantage (ELSS) Fund
Growth Launch Date 26 Dec 08 NAV (15 Jan 21) ₹69.41 ↓ -0.58 (-0.83 %) Net Assets (Cr) ₹2,512 on 30 Nov 20 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 0.68 Sharpe Ratio 0.33 Information Ratio -0.91 Alpha Ratio 0.68 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 15 ₹10,000 31 Dec 16 ₹10,042 31 Dec 17 ₹15,399 31 Dec 18 ₹13,951 31 Dec 19 ₹14,223 31 Dec 20 ₹16,883 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 Jan 21 Duration Returns 1 Month 8.4% 3 Month 29.4% 6 Month 44.6% 1 Year 22.4% 3 Year 4% 5 Year 14.1% 10 Year 15 Year Since launch 17.4% Historical performance (Yearly) on absolute basis
Year Returns 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% 2011 -23.3% Fund Manager information for IDFC Tax Advantage (ELSS) Fund
Name Since Tenure Daylynn Pinto 20 Oct 16 4.2 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 30 Nov 20
Equity Sector Allocation
Sector Value Financial Services 20.24% Consumer Cyclical 15.29% Technology 14.34% Industrials 14.05% Basic Materials 11.51% Health Care 9.29% Energy 5.35% Consumer Defensive 4.2% Communication Services 3.42% Utility 0.28% Asset Allocation
Asset Class Value Cash 2.02% Equity 97.97% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK7% ₹193 Cr 3,600,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY7% ₹176 Cr 1,400,000
↑ 50,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK4% ₹115 Cr 800,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE4% ₹109 Cr 550,000 Deepak Nitrite Ltd (Basic Materials)
Equity, Since 31 Mar 17 | 5064014% ₹94 Cr 1,000,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL3% ₹92 Cr 1,800,000 State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN3% ₹74 Cr 2,700,000 Mastek Ltd (Technology)
Equity, Since 31 Jan 17 | 5237043% ₹69 Cr 610,000
↓ -27,500 KEC International Ltd (Industrials)
Equity, Since 30 Sep 15 | 5327142% ₹66 Cr 1,800,000 Birlasoft Ltd (Technology)
Equity, Since 31 Jul 17 | 5324002% ₹64 Cr 2,600,000
↓ -100,000 2. Tata India Tax Savings Fund
CAGR/Annualized return of 13.8% since its launch. Ranked 1 in ELSS category. Return for 2020 was 11.9% , 2019 was 13.6% and 2018 was -8.4% . Tata India Tax Savings Fund
Growth Launch Date 13 Oct 14 NAV (15 Jan 21) ₹22.3996 ↓ -0.25 (-1.08 %) Net Assets (Cr) ₹2,342 on 30 Nov 20 Category Equity - ELSS AMC Tata Asset Management Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.97 Sharpe Ratio 0.18 Information Ratio -1.04 Alpha Ratio -4.25 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 15 ₹10,000 31 Dec 16 ₹10,214 31 Dec 17 ₹14,913 31 Dec 18 ₹13,663 31 Dec 19 ₹15,520 31 Dec 20 ₹17,364 Returns for Tata India Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 Jan 21 Duration Returns 1 Month 7.1% 3 Month 23.8% 6 Month 36.6% 1 Year 14.6% 3 Year 6% 5 Year 14.2% 10 Year 15 Year Since launch 13.8% Historical performance (Yearly) on absolute basis
Year Returns 2020 11.9% 2019 13.6% 2018 -8.4% 2017 46% 2016 2.1% 2015 13.3% 2014 2013 2012 2011 Fund Manager information for Tata India Tax Savings Fund
Name Since Tenure Rupesh Patel 1 Apr 15 5.76 Yr. Ennette Fernandes 18 Jun 18 2.54 Yr. Data below for Tata India Tax Savings Fund as on 30 Nov 20
Equity Sector Allocation
Sector Value Financial Services 35.17% Technology 12.57% Energy 11.43% Health Care 10.78% Consumer Cyclical 9.28% Industrials 6.98% Basic Materials 5.52% Communication Services 4.73% Consumer Defensive 1.51% Real Estate 0.73% Asset Allocation
Asset Class Value Cash 1.3% Equity 98.7% Top Securities Holdings / Portfolio
Name Holding Value Quantity Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY10% ₹237 Cr 1,890,000
↓ -80,000 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK9% ₹219 Cr 4,100,000 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK9% ₹215 Cr 1,500,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE9% ₹212 Cr 1,070,000
↓ -130,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN6% ₹146 Cr 5,325,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC5% ₹120 Cr 470,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 19 | BHARTIARTL5% ₹117 Cr 2,300,000
↑ 200,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322154% ₹99 Cr 1,600,000 Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 17 | DIVISLAB3% ₹73 Cr 190,000
↓ -10,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 15 | KOTAKBANK3% ₹72 Cr 360,000 3. DSP BlackRock Tax Saver Fund
CAGR/Annualized return of 14% since its launch. Ranked 12 in ELSS category. Return for 2020 was 15% , 2019 was 14.8% and 2018 was -7.6% . DSP BlackRock Tax Saver Fund
Growth Launch Date 18 Jan 07 NAV (15 Jan 21) ₹62.398 ↓ -0.70 (-1.12 %) Net Assets (Cr) ₹7,015 on 30 Nov 20 Category Equity - ELSS AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.91 Sharpe Ratio 0.26 Information Ratio -0.28 Alpha Ratio -2.49 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 15 ₹10,000 31 Dec 16 ₹11,127 31 Dec 17 ₹15,166 31 Dec 18 ₹14,007 31 Dec 19 ₹16,084 31 Dec 20 ₹18,505 Returns for DSP BlackRock Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 Jan 21 Duration Returns 1 Month 7.5% 3 Month 28.2% 6 Month 36.7% 1 Year 18.6% 3 Year 8.1% 5 Year 15.4% 10 Year 15 Year Since launch 14% Historical performance (Yearly) on absolute basis
Year Returns 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% 2011 -26.7% Fund Manager information for DSP BlackRock Tax Saver Fund
Name Since Tenure Rohit Singhania 16 Jul 15 5.47 Yr. Charanjit Singh 1 Jan 21 0 Yr. Data below for DSP BlackRock Tax Saver Fund as on 30 Nov 20
Equity Sector Allocation
Sector Value Financial Services 35.11% Basic Materials 12.56% Technology 9.34% Health Care 8.82% Consumer Cyclical 7.35% Industrials 6.53% Consumer Defensive 5.92% Communication Services 5.69% Utility 3.85% Energy 3.75% Asset Allocation
Asset Class Value Cash 1.08% Equity 98.92% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK9% ₹648 Cr 12,112,336
↓ -580,715 Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY8% ₹599 Cr 4,770,893
↑ 124,101 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK8% ₹569 Cr 3,963,238
↓ -536,438 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jul 19 | BHARTIARTL6% ₹423 Cr 8,291,940 State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN4% ₹288 Cr 10,473,572
↓ -572,016 Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 5322153% ₹228 Cr 3,672,716
↑ 300,344 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 May 20 | 5006963% ₹224 Cr 935,401
↑ 164,818 Dr Reddy's Laboratories Ltd (Healthcare)
Equity, Since 31 Jul 20 | 5001243% ₹194 Cr 371,838 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Aug 20 | HDFC2% ₹180 Cr 704,585 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 May 14 | ULTRACEMCO2% ₹168 Cr 316,876 4. L&T Tax Advantage Fund
CAGR/Annualized return of 13.4% since its launch. Ranked 7 in ELSS category. Return for 2020 was 13.5% , 2019 was 4.6% and 2018 was -8.1% . L&T Tax Advantage Fund
Growth Launch Date 27 Feb 06 NAV (15 Jan 21) ₹64.62 ↓ -0.84 (-1.28 %) Net Assets (Cr) ₹3,360 on 30 Nov 20 Category Equity - ELSS AMC L&T Investment Management Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.04 Sharpe Ratio 0.26 Information Ratio -1.3 Alpha Ratio -1.87 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 15 ₹10,000 31 Dec 16 ₹10,813 31 Dec 17 ₹15,384 31 Dec 18 ₹14,140 31 Dec 19 ₹14,798 31 Dec 20 ₹16,789 Returns for L&T Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 Jan 21 Duration Returns 1 Month 4.9% 3 Month 21.1% 6 Month 34.1% 1 Year 13.1% 3 Year 2.7% 5 Year 13.2% 10 Year 15 Year Since launch 13.4% Historical performance (Yearly) on absolute basis
Year Returns 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% 2011 -21.8% Fund Manager information for L&T Tax Advantage Fund
Name Since Tenure Venugopal Manghat 17 Dec 19 1.04 Yr. Vihang Naik 17 Dec 19 1.04 Yr. Data below for L&T Tax Advantage Fund as on 30 Nov 20
Equity Sector Allocation
Sector Value Financial Services 23.73% Basic Materials 15.07% Consumer Cyclical 13.77% Technology 13.51% Health Care 10.23% Industrials 7.26% Consumer Defensive 6.77% Energy 4.63% Communication Services 2.03% Asset Allocation
Asset Class Value Cash 2.98% Equity 97% Other 0.02% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK5% ₹158 Cr 1,097,700
↑ 244,300 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK5% ₹157 Cr 2,933,600
↓ -672,200 Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY5% ₹155 Cr 1,232,500
↓ -137,700 HCL Technologies Ltd (Technology)
Equity, Since 30 Sep 17 | HCLTECH4% ₹148 Cr 1,560,900
↓ -197,500 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCE4% ₹129 Cr 648,400
↓ -169,600 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 09 | TCS4% ₹123 Cr 430,700
↓ -61,200 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 06 | LT3% ₹100 Cr 778,000 Emami Ltd (Consumer Defensive)
Equity, Since 30 Jun 19 | 5311623% ₹99 Cr 2,333,743 ICICI Lombard General Insurance Co Ltd (Financial Services)
Equity, Since 30 Sep 19 | 5407163% ₹93 Cr 609,000 Berger Paints India Ltd (Basic Materials)
Equity, Since 29 Feb 16 | 5094803% ₹89 Cr 1,169,800 5. Invesco India Tax Plan
CAGR/Annualized return of 14.3% since its launch. Ranked 17 in ELSS category. Return for 2020 was 19.2% , 2019 was 9.4% and 2018 was -1.3% . Invesco India Tax Plan
Growth Launch Date 29 Dec 06 NAV (15 Jan 21) ₹65.64 ↓ -0.72 (-1.08 %) Net Assets (Cr) ₹1,280 on 30 Nov 20 Category Equity - ELSS AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.21 Sharpe Ratio 0.37 Information Ratio -0.15 Alpha Ratio 1.72 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 15 ₹10,000 31 Dec 16 ₹10,342 31 Dec 17 ₹14,039 31 Dec 18 ₹13,864 31 Dec 19 ₹15,171 31 Dec 20 ₹18,078 Returns for Invesco India Tax Plan
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 Jan 21 Duration Returns 1 Month 7.3% 3 Month 21.9% 6 Month 34.2% 1 Year 20.4% 3 Year 9.1% 5 Year 14.7% 10 Year 15 Year Since launch 14.3% Historical performance (Yearly) on absolute basis
Year Returns 2020 19.2% 2019 9.4% 2018 -1.3% 2017 35.7% 2016 3.4% 2015 5.8% 2014 54.3% 2013 10.1% 2012 30.3% 2011 -18.9% Fund Manager information for Invesco India Tax Plan
Name Since Tenure Amit Nigam 3 Sep 20 0.33 Yr. Dhimant Kothari 29 Mar 18 2.76 Yr. Data below for Invesco India Tax Plan as on 30 Nov 20
Equity Sector Allocation
Sector Value Financial Services 30.62% Technology 18.04% Consumer Cyclical 10.71% Consumer Defensive 7.62% Industrials 6.87% Basic Materials 6.57% Energy 5.7% Health Care 5.55% Utility 3.18% Communication Services 2.9% Real Estate 0.9% Asset Allocation
Asset Class Value Cash 1.35% Equity 98.65% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK10% ₹136 Cr 948,078 Infosys Ltd (Technology)
Equity, Since 31 Dec 19 | INFY10% ₹135 Cr 1,076,677
↑ 105,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK8% ₹109 Cr 2,031,464
↑ 66,661 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE6% ₹79 Cr 397,743
↓ -21,877 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 19 | KOTAKBANK5% ₹63 Cr 316,379 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Jun 19 | 5006964% ₹61 Cr 254,612 L&T Technology Services Ltd (Technology)
Equity, Since 31 Aug 20 | LTTS3% ₹42 Cr 179,214
↑ 32,921 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 19 | BHARTIARTL3% ₹40 Cr 787,339
↓ -274,498 Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | 5322153% ₹40 Cr 638,509
↑ 638,509 Bajaj Auto Ltd (Consumer Cyclical)
Equity, Since 31 Mar 20 | 5329773% ₹38 Cr 111,023
↑ 29,347 6. Kotak Tax Saver Fund
CAGR/Annualized return of 12% since its launch. Ranked 19 in ELSS category. Return for 2020 was 14.9% , 2019 was 12.7% and 2018 was -3.8% . Kotak Tax Saver Fund
Growth Launch Date 23 Nov 05 NAV (15 Jan 21) ₹55.719 ↓ -0.65 (-1.16 %) Net Assets (Cr) ₹1,445 on 30 Nov 20 Category Equity - ELSS AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.34 Sharpe Ratio 0.31 Information Ratio -0.04 Alpha Ratio -0.36 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 15 ₹10,000 31 Dec 16 ₹10,746 31 Dec 17 ₹14,374 31 Dec 18 ₹13,827 31 Dec 19 ₹15,579 31 Dec 20 ₹17,907 Returns for Kotak Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 Jan 21 Duration Returns 1 Month 6.2% 3 Month 21.7% 6 Month 33.4% 1 Year 15.6% 3 Year 8.6% 5 Year 14.7% 10 Year 15 Year Since launch 12% Historical performance (Yearly) on absolute basis
Year Returns 2020 14.9% 2019 12.7% 2018 -3.8% 2017 33.8% 2016 7.5% 2015 1.5% 2014 56.6% 2013 -6.3% 2012 36.2% 2011 -26% Fund Manager information for Kotak Tax Saver Fund
Name Since Tenure Harsha Upadhyaya 25 Aug 15 5.36 Yr. Data below for Kotak Tax Saver Fund as on 30 Nov 20
Equity Sector Allocation
Sector Value Financial Services 18.87% Basic Materials 17.41% Industrials 14.24% Technology 14.18% Consumer Defensive 8.46% Consumer Cyclical 8% Health Care 7.91% Energy 5.85% Utility 3.04% Asset Allocation
Asset Class Value Cash 2.03% Equity 97.95% Other 0.02% Top Securities Holdings / Portfolio
Name Holding Value Quantity Infosys Ltd (Technology)
Equity, Since 31 Dec 05 | INFY7% ₹104 Cr 825,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK6% ₹91 Cr 1,700,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE6% ₹89 Cr 450,000
↓ -56,666 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 18 | TCS5% ₹78 Cr 271,357
↓ -28,643 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Apr 20 | 5006964% ₹65 Cr 270,000 SRF Ltd (Basic Materials)
Equity, Since 30 Apr 16 | SRF4% ₹59 Cr 105,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK4% ₹55 Cr 380,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | 5322153% ₹45 Cr 725,000
↓ -25,000 Dr Reddy's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 18 | 5001243% ₹42 Cr 80,000 Cipla Ltd (Healthcare)
Equity, Since 30 Nov 20 | 5000873% ₹41 Cr 500,000
↑ 300,000
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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