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6 Best Performing Tax Saving Mutual Funds 2022

Updated on September 28, 2022 , 2072 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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Best Performing Tax Saving Mutual Funds

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2021 (%)
IDFC Tax Advantage (ELSS) Fund Growth	₹97.612 ↑ 1.42	₹3,851	11.5	-0.4	3.4	22.4	13	49.2
Tata India Tax Savings Fund Growth	₹28.2443 ↑ 0.45	₹3,119	11.2	0.2	1.9	15.6	11.2	30.4
L&T Tax Advantage Fund Growth	₹77.979 ↑ 1.08	₹3,254	13.2	-1.6	-1.5	14.1	8.3	30.3
HDFC Long Term Advantage Fund Growth	₹595.168 ↑ 0.28	₹1,318	1.2	15.4	35.5	20.6	17.4
Kotak Tax Saver Fund Growth	₹72.801 ↑ 1.18	₹2,936	11.8	0.7	3.3	18.2	12.9	33.2
Sundaram Diversified Equity Fund Growth	₹150.051 ↑ 2.38	₹1,856	11.4	2.3	2.2	14.9	8.8	31.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 30 Sep 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 18% 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 (30 Sep 22)	₹97.612 ↑ 1.42 (1.47 %)
Net Assets (Cr)	₹3,851 on 31 Aug 22
Category	Equity - ELSS
AMC	IDFC Asset Management Company Limited
Rating	☆☆☆☆☆
Risk	Moderately High
Expense Ratio	1.95
Sharpe Ratio	0.4
Information Ratio	0.55
Alpha Ratio	2.67
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
30 Sep 17	₹10,000
30 Sep 18	₹10,161
30 Sep 19	₹10,044
30 Sep 20	₹10,138
30 Sep 21	₹17,831

IDFC Tax Advantage (ELSS) Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹426,080.
Net Profit of ₹126,080 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 30 Sep 22

Duration	Returns
1 Month	-1.5%
3 Month	11.5%
6 Month	-0.4%
1 Year	3.4%
3 Year	22.4%
5 Year	13%
10 Year
15 Year
Since launch	18%

Historical performance (Yearly) on absolute basis

Year	Returns
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

Name	Since	Tenure
Daylynn Pinto	20 Oct 16	5.87 Yr.

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

Equity Sector Allocation

Sector	Value
Financial Services	27.54%
Consumer Cyclical	17.61%
Industrials	12.1%
Basic Materials	10.14%
Technology	9.49%
Health Care	7.23%
Energy	3.77%
Consumer Defensive	3.26%
Communication Services	2.64%

Asset Allocation

Asset Class	Value
Cash	6.23%
Equity	93.77%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 May 16 \| ICICIBANK	9%	₹337 Cr	3,800,000
Infosys Ltd (Technology) Equity, Since 31 Jul 15 \| INFY	5%	₹209 Cr	1,400,000
State Bank of India (Financial Services) Equity, Since 30 Jun 20 \| SBIN	5%	₹186 Cr	3,500,000
HDFC Bank Ltd (Financial Services) Equity, Since 30 Sep 14 \| HDFCBANK	4%	₹156 Cr	1,050,000
Reliance Industries Ltd (Energy) Equity, Since 31 Jul 18 \| RELIANCE	4%	₹145 Cr	550,000
Tata Motors Ltd (Consumer Cyclical) Equity, Since 31 May 20 \| TATAMOTORS	3%	₹122 Cr	2,600,000 ↓ -100,000
Mahindra & Mahindra Ltd (Consumer Cyclical) Equity, Since 31 Jul 20 \| M&M	3%	₹118 Cr	900,000
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Jan 20 \| BHARTIARTL	3%	₹102 Cr	1,400,000
Axis Bank Ltd (Financial Services) Equity, Since 30 Apr 21 \| 532215	3%	₹101 Cr	1,350,000
VRL Logistics Ltd (Industrials) Equity, Since 30 Nov 15 \| VRLLOG	2%	₹92 Cr	1,475,000

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 13.9% 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 (30 Sep 22)	₹28.2443 ↑ 0.45 (1.64 %)
Net Assets (Cr)	₹3,119 on 31 Aug 22
Category	Equity - ELSS
AMC	Tata Asset Management Limited
Rating	☆☆☆☆☆
Risk	Moderately High
Expense Ratio	1.8
Sharpe Ratio	0.31
Information Ratio	-0.72
Alpha Ratio	1.29
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
30 Sep 17	₹10,000
30 Sep 18	₹9,812
30 Sep 19	₹10,998
30 Sep 20	₹10,671
30 Sep 21	₹16,679

Tata India Tax Savings Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹405,518.
Net Profit of ₹105,518 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 30 Sep 22

Duration	Returns
1 Month	-2.6%
3 Month	11.2%
6 Month	0.2%
1 Year	1.9%
3 Year	15.6%
5 Year	11.2%
10 Year
15 Year
Since launch	13.9%

Historical performance (Yearly) on absolute basis

Year	Returns
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

Name	Since	Tenure
Tejas Gutka	9 Mar 21	1.48 Yr.

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

Equity Sector Allocation

Sector	Value
Financial Services	38.35%
Industrials	17.73%
Technology	8.74%
Consumer Cyclical	7.45%
Energy	5.71%
Health Care	5.51%
Basic Materials	5.45%
Communication Services	4.67%
Utility	2.3%
Real Estate	1.54%
Consumer Defensive	1.17%

Asset Allocation

Asset Class	Value
Cash	1.37%
Equity	98.63%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 30 Nov 16 \| ICICIBANK	8%	₹248 Cr	2,800,000
HDFC Bank Ltd (Financial Services) Equity, Since 28 Feb 10 \| HDFCBANK	6%	₹194 Cr	1,305,000
State Bank of India (Financial Services) Equity, Since 30 Nov 18 \| SBIN	6%	₹183 Cr	3,450,000
Reliance Industries Ltd (Energy) Equity, Since 31 Jan 18 \| RELIANCE	6%	₹178 Cr	675,000
Infosys Ltd (Technology) Equity, Since 30 Sep 18 \| INFY	6%	₹173 Cr	1,160,000
Housing Development Finance Corp Ltd (Financial Services) Equity, Since 30 Jun 17 \| HDFC	5%	₹141 Cr	575,000
Axis Bank Ltd (Financial Services) Equity, Since 31 Aug 18 \| 532215	4%	₹110 Cr	1,465,000
Bharti Airtel Ltd (Communication Services) Equity, Since 30 Sep 19 \| BHARTIARTL	3%	₹93 Cr	1,275,000
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Nov 16 \| LT	2%	₹75 Cr	390,000
SBI Life Insurance Company Limited (Financial Services) Equity, Since 30 Apr 21 \| 540719	2%	₹70 Cr	525,000

3. 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 13.2% 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 (30 Sep 22)	₹77.979 ↑ 1.08 (1.41 %)
Net Assets (Cr)	₹3,254 on 31 Aug 22
Category	Equity - ELSS
AMC	L&T Investment Management Ltd
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	1.97
Sharpe Ratio	-0.13
Information Ratio	-1.08
Alpha Ratio	-6.08
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
30 Sep 17	₹10,000
30 Sep 18	₹10,102
30 Sep 19	₹9,997
30 Sep 20	₹10,053
30 Sep 21	₹15,096

L&T Tax Advantage Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹376,357.
Net Profit of ₹76,357 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 30 Sep 22

Duration	Returns
1 Month	-1.5%
3 Month	13.2%
6 Month	-1.6%
1 Year	-1.5%
3 Year	14.1%
5 Year	8.3%
10 Year
15 Year
Since launch	13.2%

Historical performance (Yearly) on absolute basis

Year	Returns
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

Name	Since	Tenure
Vihang Naik	17 Dec 19	2.71 Yr.
Cheenu Gupta	2 Jul 21	1.17 Yr.

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

Equity Sector Allocation

Sector	Value
Financial Services	30.06%
Consumer Cyclical	22.62%
Technology	11.98%
Industrials	10.26%
Basic Materials	7.35%
Consumer Defensive	6.71%
Energy	3.85%
Health Care	2.86%
Utility	1.71%
Real Estate	1.61%

Asset Allocation

Asset Class	Value
Cash	0.99%
Equity	99.01%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 30 Jun 09 \| ICICIBANK	10%	₹317 Cr	3,572,500
Infosys Ltd (Technology) Equity, Since 31 Mar 06 \| INFY	6%	₹194 Cr	1,297,500 ↓ -50,700
HDFC Bank Ltd (Financial Services) Equity, Since 31 Mar 06 \| HDFCBANK	6%	₹186 Cr	1,249,400
State Bank of India (Financial Services) Equity, Since 31 Jan 19 \| SBIN	5%	₹160 Cr	3,005,300
Reliance Industries Ltd (Energy) Equity, Since 30 Nov 21 \| RELIANCE	4%	₹125 Cr	475,100 ↓ -43,200
Indian Hotels Co Ltd (Consumer Cyclical) Equity, Since 31 Oct 21 \| 500850	4%	₹121 Cr	4,240,500 ↓ -300,077
Hindustan Unilever Ltd (Consumer Defensive) Equity, Since 31 Jul 22 \| 500696	3%	₹112 Cr	419,300
Maruti Suzuki India Ltd (Consumer Cyclical) Equity, Since 30 Jun 22 \| MARUTI	3%	₹108 Cr	118,900
Persistent Systems Ltd (Technology) Equity, Since 31 Jul 21 \| PERSISTENT	3%	₹97 Cr	276,400
Bajaj Finance Ltd (Financial Services) Equity, Since 31 Jul 21 \| 500034	3%	₹97 Cr	132,900

4. 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.

Date	Value
30 Sep 17	₹10,000
30 Sep 18	₹10,744
30 Sep 19	₹11,412
30 Sep 20	₹10,757
30 Sep 21	₹17,891

HDFC Long Term Advantage Fund SIP 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 30 Sep 22

Duration	Returns
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

Year	Returns
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012

Fund Manager information for HDFC Long Term Advantage Fund

Name	Since	Tenure

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

Equity Sector Allocation

Sector	Value

Asset Allocation

Asset Class	Value

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity

5. Kotak Tax Saver Fund

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 CAGR/Annualized return of 12.5% since its launch. Ranked 19 in ELSS category. Return for 2021 was 33.2% , 2020 was 14.9% and 2019 was 12.7% .

Below is the key information for Kotak Tax Saver Fund

Kotak Tax Saver Fund Growth
Launch Date	23 Nov 05
NAV (30 Sep 22)	₹72.801 ↑ 1.18 (1.65 %)
Net Assets (Cr)	₹2,936 on 31 Aug 22
Category	Equity - ELSS
AMC	Kotak Mahindra Asset Management Co Ltd
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	2.15
Sharpe Ratio	0.26
Information Ratio	0.01
Alpha Ratio	0.57
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
30 Sep 17	₹10,000
30 Sep 18	₹10,237
30 Sep 19	₹11,119
30 Sep 20	₹11,371
30 Sep 21	₹17,778

Kotak Tax Saver Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹415,684.
Net Profit of ₹115,684 Invest Now

Returns for Kotak 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 30 Sep 22

Duration	Returns
1 Month	-1.9%
3 Month	11.8%
6 Month	0.7%
1 Year	3.3%
3 Year	18.2%
5 Year	12.9%
10 Year
15 Year
Since launch	12.5%

Historical performance (Yearly) on absolute basis

Year	Returns
2021	33.2%
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%

Fund Manager information for Kotak Tax Saver Fund

Name	Since	Tenure
Harsha Upadhyaya	25 Aug 15	7.02 Yr.

Data below for Kotak Tax Saver Fund as on 31 Aug 22

Equity Sector Allocation

Sector	Value
Financial Services	26.95%
Industrials	18.38%
Basic Materials	16.03%
Consumer Cyclical	11.21%
Technology	7.33%
Consumer Defensive	6.27%
Energy	4.49%
Health Care	4.02%
Communication Services	1.75%
Utility	0.89%

Asset Allocation

Asset Class	Value
Cash	2.68%
Equity	97.32%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 09 \| ICICIBANK	8%	₹240 Cr	2,700,000
State Bank of India (Financial Services) Equity, Since 28 Feb 21 \| SBIN	5%	₹159 Cr	3,000,000
Reliance Industries Ltd (Energy) Equity, Since 30 Jun 06 \| RELIANCE	4%	₹132 Cr	500,000
Infosys Ltd (Technology) Equity, Since 31 Dec 05 \| INFY	4%	₹119 Cr	800,000
Larsen & Toubro Ltd (Industrials) Equity, Since 28 Feb 14 \| LT	4%	₹111 Cr	575,000
ITC Ltd (Consumer Defensive) Equity, Since 31 Oct 21 \| ITC	3%	₹99 Cr	3,100,000
Axis Bank Ltd (Financial Services) Equity, Since 31 Mar 13 \| 532215	3%	₹98 Cr	1,300,000
SRF Ltd (Basic Materials) Equity, Since 30 Apr 16 \| SRF	3%	₹92 Cr	360,000 ↓ -10,000
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jan 10 \| HDFCBANK	3%	₹82 Cr	550,000
Tata Consultancy Services Ltd (Technology) Equity, Since 30 Apr 18 \| TCS	2%	₹71 Cr	221,398

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 16% 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 (30 Sep 22)	₹150.051 ↑ 2.38 (1.61 %)
Net Assets (Cr)	₹1,856 on 31 Aug 22
Category	Equity - ELSS
AMC	Sundaram Asset Management Company Ltd
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	2.14
Sharpe Ratio	0.25
Information Ratio	-0.7
Alpha Ratio	0.35
Min Investment	500
Min SIP Investment	250
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
30 Sep 17	₹10,000
30 Sep 18	₹9,725
30 Sep 19	₹10,060
30 Sep 20	₹9,476
30 Sep 21	₹14,922

Sundaram Diversified Equity Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹376,357.
Net Profit of ₹76,357 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 30 Sep 22

Duration	Returns
1 Month	-2.8%
3 Month	11.4%
6 Month	2.3%
1 Year	2.2%
3 Year	14.9%
5 Year	8.8%
10 Year
15 Year
Since launch	16%

Historical performance (Yearly) on absolute basis

Year	Returns
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

Name	Since	Tenure
Sudhir Kedia	1 Jan 22	0.67 Yr.
Rohit Seksaria	24 Feb 21	1.52 Yr.

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

Equity Sector Allocation

Sector	Value
Financial Services	40.91%
Industrials	14.95%
Consumer Cyclical	11.37%
Technology	10.41%
Consumer Defensive	5.58%
Energy	4.86%
Health Care	4.33%
Basic Materials	4.23%
Communication Services	2.16%
Real Estate	0.94%

Asset Allocation

Asset Class	Value
Cash	0.26%
Equity	99.74%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 30 Nov 11 \| ICICIBANK	10%	₹181 Cr	2,040,000 ↓ -42,000
HDFC Bank Ltd (Financial Services) Equity, Since 31 Mar 13 \| HDFCBANK	6%	₹109 Cr	736,000
State Bank of India (Financial Services) Equity, Since 31 Aug 20 \| SBIN	5%	₹91 Cr	1,715,000
Reliance Industries Ltd (Energy) Equity, Since 30 Apr 12 \| RELIANCE	5%	₹90 Cr	341,595
Infosys Ltd (Technology) Equity, Since 30 Nov 16 \| INFY	5%	₹88 Cr	592,000
Axis Bank Ltd (Financial Services) Equity, Since 31 May 18 \| 532215	5%	₹86 Cr	1,145,000 ↓ -25,000
Housing Development Finance Corp Ltd (Financial Services) Equity, Since 31 Jul 19 \| HDFC	4%	₹67 Cr	272,000
Ashok Leyland Ltd (Industrials) Equity, Since 31 Jan 22 \| 500477	3%	₹63 Cr	4,089,762
Polycab India Ltd (Industrials) Equity, Since 31 Jan 22 \| 542652	3%	₹57 Cr	229,000
Tata Consultancy Services Ltd (Technology) Equity, Since 31 Jul 20 \| TCS	3%	₹53 Cr	165,000

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!

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.