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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.
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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 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 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 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 (%) 2019 (%) Tata India Tax Savings Fund Growth ₹16.6673
↓ -0.07 ₹1,770 14.4 -14.1 -8.8 1 7.1 13.6 IDFC Tax Advantage (ELSS) Fund Growth ₹48.56
↓ -0.23 ₹1,758 21.5 -13.3 -12.1 -1.6 3.6 1.9 Aditya Birla Sun Life Tax Relief '96 Growth ₹30.09
↓ -0.15 ₹9,371 14.6 -7.3 0.5 2.6 6.9 4.3 DSP BlackRock Tax Saver Fund Growth ₹46.279
↓ -0.15 ₹5,407 17.6 -11.1 -3.4 2.4 7.4 14.8 L&T Tax Advantage Fund Growth ₹48.465
↓ -0.27 ₹2,700 15.8 -13.9 -8.8 -1.8 4.9 4.6 Kotak Tax Saver Fund Growth ₹42.185
↑ 0.03 ₹1,040 16.7 -11.5 -4.8 1.8 6 12.7 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 10 Jul 20 1. Tata India Tax Savings Fund
CAGR/Annualized return of 9.3% 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 (10 Jul 20) ₹16.6673 ↓ -0.07 (-0.41 %) Net Assets (Cr) ₹1,770 on 30 Apr 20 Category Equity - ELSS AMC Tata Asset Management Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.08 Sharpe Ratio -0.42 Information Ratio -0.68 Alpha Ratio -0.9 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Jun 15 ₹10,000 30 Jun 16 ₹11,152 30 Jun 17 ₹13,540 30 Jun 18 ₹14,513 30 Jun 19 ₹16,246 30 Jun 20 ₹13,902 Returns for Tata India Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Jul 20 Duration Returns 1 Month 4.6% 3 Month 14.4% 6 Month -14.1% 1 Year -8.8% 3 Year 1% 5 Year 7.1% 10 Year 15 Year Since launch 9.3% Historical performance (Yearly) on absolute basis
Year Returns 2019 13.6% 2018 -8.4% 2017 46% 2016 2.1% 2015 13.3% 2014 2013 2012 2011 2010 Fund Manager information for Tata India Tax Savings Fund
Name Since Tenure Rupesh Patel 1 Apr 15 5.25 Yr. Ennette Fernandes 18 Jun 18 2.04 Yr. Data below for Tata India Tax Savings Fund as on 30 Apr 20
Equity Sector Allocation
Sector Value Financial Services 31.93% Energy 15.76% Consumer Cyclical 10.3% Health Care 9.33% Basic Materials 7.27% Communication Services 7.07% Technology 6.75% Industrials 6.5% Consumer Defensive 2.15% Real Estate 0.44% Asset Allocation
Asset Class Value Cash 2.81% Equity 97.19% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE12% ₹204 Cr 1,390,000 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK8% ₹132 Cr 1,382,000
↑ 100,000 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK7% ₹126 Cr 3,800,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 19 | BHARTIARTL7% ₹122 Cr 2,200,000
↑ 880,000 Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY7% ₹116 Cr 1,680,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC5% ₹94 Cr 565,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN5% ₹86 Cr 5,325,000 Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 17 | DIVISLAB3% ₹51 Cr 215,000 UltraTech Cement Ltd (Basic Materials)
Equity, Since 28 Feb 14 | ULTRACEMCO3% ₹49 Cr 125,000
↑ 25,000 A) Repo
CBLO/Reverse Repo | -3% ₹48 Cr 2. IDFC Tax Advantage (ELSS) Fund
CAGR/Annualized return of 14.7% 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 (10 Jul 20) ₹48.56 ↓ -0.23 (-0.47 %) Net Assets (Cr) ₹1,758 on 30 Apr 20 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.22 Sharpe Ratio -0.58 Information Ratio -0.74 Alpha Ratio -4.75 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Jun 15 ₹10,000 30 Jun 16 ₹9,691 30 Jun 17 ₹12,295 30 Jun 18 ₹13,857 30 Jun 19 ₹14,079 30 Jun 20 ₹11,573 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Jul 20 Duration Returns 1 Month 6% 3 Month 21.5% 6 Month -13.3% 1 Year -12.1% 3 Year -1.6% 5 Year 3.6% 10 Year 15 Year Since launch 14.7% Historical performance (Yearly) on absolute basis
Year Returns 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% 2010 24% Fund Manager information for IDFC Tax Advantage (ELSS) Fund
Name Since Tenure Daylynn Pinto 20 Oct 16 3.7 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 30 Apr 20
Equity Sector Allocation
Sector Value Financial Services 21.83% Consumer Cyclical 13.74% Industrials 11.43% Health Care 11.07% Basic Materials 10.09% Technology 8.59% Consumer Defensive 6.92% Energy 6.85% Communication Services 4.48% Utility 0.3% Asset Allocation
Asset Class Value Cash 4.64% Equity 95.36% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK6% ₹110 Cr 3,300,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE5% ₹84 Cr 575,000
↑ 25,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY5% ₹83 Cr 1,200,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK5% ₹81 Cr 850,000 Triparty Repo
CBLO/Reverse Repo | -5% ₹80 Cr Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL4% ₹77 Cr 1,400,000
↑ 500,000 Deepak Nitrite Ltd (Basic Materials)
Equity, Since 31 Mar 17 | 5064013% ₹53 Cr 1,063,744
↓ -11,256 Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 18 | 5322153% ₹46 Cr 1,200,000
↑ 45,000 Ipca Laboratories Ltd (Healthcare)
Equity, Since 30 Nov 18 | 5244943% ₹43 Cr 290,000 Dr Reddy's Laboratories Ltd (Healthcare)
Equity, Since 31 Jul 18 | 5001242% ₹41 Cr 100,000 3. Aditya Birla Sun Life Tax Relief '96
CAGR/Annualized return of 9.3% since its launch. Ranked 4 in ELSS category. Return for 2019 was 4.3% , 2018 was -4.5% and 2017 was 43.2% . Aditya Birla Sun Life Tax Relief '96
Growth Launch Date 6 Mar 08 NAV (10 Jul 20) ₹30.09 ↓ -0.15 (-0.50 %) Net Assets (Cr) ₹9,371 on 30 Apr 20 Category Equity - ELSS AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.17 Sharpe Ratio -0.38 Information Ratio 0 Alpha Ratio 1.8 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Jun 15 ₹10,000 30 Jun 16 ₹10,553 30 Jun 17 ₹12,798 30 Jun 18 ₹14,602 30 Jun 19 ₹14,522 30 Jun 20 ₹13,814 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 10 Jul 20 Duration Returns 1 Month 5.3% 3 Month 14.6% 6 Month -7.3% 1 Year 0.5% 3 Year 2.6% 5 Year 6.9% 10 Year 15 Year Since launch 9.3% Historical performance (Yearly) on absolute basis
Year Returns 2019 4.3% 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% Fund Manager information for Aditya Birla Sun Life Tax Relief '96
Name Since Tenure Ajay Garg 1 Oct 06 13.76 Yr. Data below for Aditya Birla Sun Life Tax Relief '96 as on 30 Apr 20
Equity Sector Allocation
Sector Value Financial Services 19.99% Health Care 18.01% Basic Materials 13.9% Industrials 13.08% Energy 10.04% Consumer Defensive 7.91% Consumer Cyclical 7.65% Technology 5.96% Asset Allocation
Asset Class Value Cash 3.36% Equity 96.64% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 08 | RELIANCE10% ₹922 Cr 6,293,907 Honeywell Automation India Ltd (Industrials)
Equity, Since 30 Jun 08 | 5171749% ₹818 Cr 302,981 Pfizer Ltd (Healthcare)
Equity, Since 30 Apr 11 | PFIZER8% ₹743 Cr 1,840,052
↑ 20,655 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFC7% ₹684 Cr 4,124,687
↑ 236,000 Bayer CropScience Ltd (Basic Materials)
Equity, Since 31 Aug 11 | 5062857% ₹672 Cr 1,250,980 GlaxoSmithKline Pharmaceuticals Ltd (Healthcare)
Equity, Since 31 Mar 10 | 5006605% ₹497 Cr 3,632,730
↑ 50,054 Gillette India Ltd (Consumer Defensive)
Equity, Since 30 Jun 14 | GILLETTE5% ₹427 Cr 886,417 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | KOTAKBANK4% ₹363 Cr 2,962,934 Johnson Controls - Hitachi Air Conditioning India Ltd (Technology)
Equity, Since 28 Feb 15 | 5233983% ₹310 Cr 1,272,527
↑ 4,329 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Jun 08 | LT3% ₹282 Cr 3,027,803 4. DSP BlackRock Tax Saver Fund
CAGR/Annualized return of 12% 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 (10 Jul 20) ₹46.279 ↓ -0.15 (-0.32 %) Net Assets (Cr) ₹5,407 on 30 Apr 20 Category Equity - ELSS AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.11 Sharpe Ratio -0.36 Information Ratio -0.15 Alpha Ratio 4.28 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Jun 15 ₹10,000 30 Jun 16 ₹10,757 30 Jun 17 ₹13,140 30 Jun 18 ₹13,817 30 Jun 19 ₹15,309 30 Jun 20 ₹13,985 Returns for DSP BlackRock Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Jul 20 Duration Returns 1 Month 6.1% 3 Month 17.6% 6 Month -11.1% 1 Year -3.4% 3 Year 2.4% 5 Year 7.4% 10 Year 15 Year Since launch 12% Historical performance (Yearly) on absolute basis
Year Returns 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% 2010 23.3% Fund Manager information for DSP BlackRock Tax Saver Fund
Name Since Tenure Rohit Singhania 16 Jul 15 4.96 Yr. Data below for DSP BlackRock Tax Saver Fund as on 30 Apr 20
Equity Sector Allocation
Sector Value Financial Services 25.89% Basic Materials 9.8% Consumer Cyclical 9.18% Health Care 8.55% Energy 7.81% Consumer Defensive 6.8% Communication Services 6.31% Industrials 6.27% Technology 6.12% Utility 3.33% Real Estate 0.63% Asset Allocation
Asset Class Value Cash 9.27% Equity 90.73% Top Securities Holdings / Portfolio
Name Holding Value Quantity Treps / Reverse Repo Investments / Corporate Debt Repo
CBLO/Reverse Repo | -10% ₹532 Cr ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK9% ₹460 Cr 13,850,710
↑ 2,044,388 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK7% ₹381 Cr 4,004,059
↑ 109,310 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jul 19 | BHARTIARTL6% ₹338 Cr 6,114,360
↓ -1,419,215 Reliance Industries Ltd (Energy)
Equity, Since 31 May 15 | RELIANCE4% ₹216 Cr 1,472,923
↓ -43,367 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 May 14 | ULTRACEMCO3% ₹153 Cr 392,136
↓ -54,704 Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY3% ₹137 Cr 1,979,163
↓ -389,218 HCL Technologies Ltd (Technology)
Equity, Since 31 Mar 16 | HCLTECH2% ₹126 Cr 2,285,229
↑ 849,432 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 May 20 | 5006962% ₹124 Cr 601,322
↑ 601,322 J.B. Chemicals & Pharmaceuticals Ltd (Healthcare)
Equity, Since 31 Dec 17 | 5069432% ₹121 Cr 1,778,952
↓ -27,433 5. L&T Tax Advantage Fund
CAGR/Annualized return of 11.6% 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 (10 Jul 20) ₹48.465 ↓ -0.27 (-0.56 %) Net Assets (Cr) ₹2,700 on 30 Apr 20 Category Equity - ELSS AMC L&T Investment Management Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.21 Sharpe Ratio -0.45 Information Ratio -1.1 Alpha Ratio 0.13 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Jun 15 ₹10,000 30 Jun 16 ₹10,489 30 Jun 17 ₹13,279 30 Jun 18 ₹14,458 30 Jun 19 ₹14,411 30 Jun 20 ₹12,579 Returns for L&T Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Jul 20 Duration Returns 1 Month 4.5% 3 Month 15.8% 6 Month -13.9% 1 Year -8.8% 3 Year -1.8% 5 Year 4.9% 10 Year 15 Year Since launch 11.6% Historical performance (Yearly) on absolute basis
Year Returns 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% 2010 29.2% Fund Manager information for L&T Tax Advantage Fund
Name Since Tenure Venugopal Manghat 17 Dec 19 0.54 Yr. Vihang Naik 17 Dec 19 0.54 Yr. Data below for L&T Tax Advantage Fund as on 30 Apr 20
Equity Sector Allocation
Sector Value Financial Services 22.86% Health Care 15.75% Basic Materials 14% Technology 11.97% Consumer Cyclical 10.73% Energy 6.06% Industrials 5.81% Consumer Defensive 5.25% Communication Services 4.45% Asset Allocation
Asset Class Value Cash 2.44% Equity 97.54% Other 0.02% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCE5% ₹140 Cr 955,600 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK5% ₹137 Cr 1,436,100 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 17 | BHARTIARTL4% ₹118 Cr 2,142,500
↓ -261,300 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 09 | TCS4% ₹97 Cr 491,900 HCL Technologies Ltd (Technology)
Equity, Since 30 Sep 17 | HCLTECH4% ₹97 Cr 1,758,400 Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY4% ₹95 Cr 1,370,200 ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 07 | ITC4% ₹94 Cr 4,771,387 Shree Cement Ltd (Basic Materials)
Equity, Since 30 Nov 19 | 5003873% ₹84 Cr 40,300 Abbott India Ltd (Healthcare)
Equity, Since 28 Feb 19 | 5004883% ₹84 Cr 50,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | KOTAKBANK3% ₹83 Cr 675,107 6. Kotak Tax Saver Fund
CAGR/Annualized return of 10.3% 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 Fund
Growth Launch Date 23 Nov 05 NAV (10 Jul 20) ₹42.185 ↑ 0.03 (0.07 %) Net Assets (Cr) ₹1,040 on 30 Apr 20 Category Equity - ELSS AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.4 Sharpe Ratio -0.36 Information Ratio -0.14 Alpha Ratio 3.9 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Jun 15 ₹10,000 30 Jun 16 ₹10,035 30 Jun 17 ₹12,435 30 Jun 18 ₹12,944 30 Jun 19 ₹14,669 30 Jun 20 ₹13,178 Returns for Kotak Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Jul 20 Duration Returns 1 Month 5.8% 3 Month 16.7% 6 Month -11.5% 1 Year -4.8% 3 Year 1.8% 5 Year 6% 10 Year 15 Year Since launch 10.3% Historical performance (Yearly) on absolute basis
Year Returns 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% 2010 19.9% Fund Manager information for Kotak Tax Saver Fund
Name Since Tenure Harsha Upadhyaya 25 Aug 15 4.85 Yr. Data below for Kotak Tax Saver Fund as on 30 Apr 20
Equity Sector Allocation
Sector Value Financial Services 18.99% Basic Materials 18.93% Industrials 15.61% Consumer Defensive 10.87% Energy 9.07% Technology 6.76% Consumer Cyclical 6.01% Health Care 5.84% Utility 3.77% Asset Allocation
Asset Class Value Cash 4.12% Equity 95.85% Other 0.03% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE7% ₹71 Cr 506,666
↑ 42,666 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK5% ₹56 Cr 1,700,000 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Apr 20 | 5006965% ₹55 Cr 267,392
↑ 17,392 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK4% ₹46 Cr 480,000 Triparty Repo
CBLO/Reverse Repo | -4% ₹42 Cr SRF Ltd (Basic Materials)
Equity, Since 30 Apr 16 | SRF4% ₹37 Cr 105,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 14 | LT3% ₹33 Cr 350,000 Dr Reddy's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 18 | 5001243% ₹33 Cr 80,000
↑ 3,717 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | 5322153% ₹30 Cr 777,025 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 18 | TCS3% ₹30 Cr 150,000
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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