fincash logo SOLUTIONS
EXPLORE FUNDS
CALCULATORS
fincash number+91-22-62820123
6 Best Performing Tax Saving Mutual Funds 2022 | Fincash.com

Fincash » Mutual Funds » Best Performing Tax Saving Mutual Funds

6 Best Performing Tax Saving Mutual Funds 2022

Updated on January 23, 2022 , 1623 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.

Ready to Invest?
Talk to our investment specialist
Disclaimer:
By submitting this form I authorize Fincash.com to call/SMS/email me about its products and I accept the terms of Privacy Policy and Terms & Conditions.
Tax-Savings

Best Performing Tax Saving Mutual Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2021 (%)
IDFC Tax Advantage (ELSS) Fund Growth ₹96.69
↑ 0.82
₹3,533-1.29.942.223.218.249.2
Tata India Tax Savings Fund Growth ₹28.0055
↑ 0.25
₹2,986-2.310.827.218.815.530.4
DSP BlackRock Tax Saver Fund Growth ₹80.661
↑ 0.99
₹9,636-3.15.832.122.41635.1
L&T Tax Advantage Fund Growth ₹78.448
↑ 0.37
₹3,575-14.923.815.712.730.3
HDFC Long Term Advantage Fund Growth ₹595.168
↑ 0.28
₹1,3181.215.435.520.617.4
Kotak Tax Saver Fund Growth ₹71.399
↑ 0.64
₹2,4180.57.729.620.415.633.2
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 25 Jan 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 18.9% 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 (25 Jan 22) ₹96.69 ↑ 0.82   (0.86 %)
Net Assets (Cr) ₹3,533 on 31 Dec 21
Category Equity - ELSS
AMC IDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 2.06
Sharpe Ratio 2.72
Information Ratio 0.34
Alpha Ratio 14.26
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Dec 16₹10,000
31 Dec 17₹15,335
31 Dec 18₹13,893
31 Dec 19₹14,164
31 Dec 20₹16,813
31 Dec 21₹25,084

IDFC Tax Advantage (ELSS) Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹481,656.
Net Profit of ₹181,656
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 25 Jan 22

DurationReturns
1 Month 1.8%
3 Month -1.2%
6 Month 9.9%
1 Year 42.2%
3 Year 23.2%
5 Year 18.2%
10 Year
15 Year
Since launch 18.9%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Daylynn Pinto20 Oct 165.2 Yr.

Data below for IDFC Tax Advantage (ELSS) Fund as on 31 Dec 21

Equity Sector Allocation
SectorValue
Financial Services22.65%
Consumer Cyclical18.27%
Technology15.81%
Industrials13.59%
Basic Materials13.19%
Health Care4.34%
Energy3.69%
Consumer Defensive3.63%
Communication Services2.82%
Asset Allocation
Asset ClassValue
Cash2.01%
Equity97.99%
Other0%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK
8%₹274 Cr3,700,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY
7%₹264 Cr1,400,000
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
5%₹166 Cr3,600,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK
4%₹141 Cr950,000
Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS
4%₹135 Cr2,800,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE
4%₹130 Cr550,000
Deepak Nitrite Ltd (Basic Materials)
Equity, Since 31 Mar 17 | 506401
3%₹112 Cr450,000
↓ -30,000
Greenpanel Industries Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 31 Jul 19 | 542857
3%₹99 Cr2,350,000
↓ -59,874
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL
3%₹96 Cr1,400,000
↓ -100,000
HCL Technologies Ltd (Technology)
Equity, Since 30 Nov 20 | HCLTECH
3%₹92 Cr700,000

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 15.2% 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 (25 Jan 22) ₹28.0055 ↑ 0.25   (0.91 %)
Net Assets (Cr) ₹2,986 on 31 Dec 21
Category Equity - ELSS
AMC Tata Asset Management Limited
Rating
Risk Moderately High
Expense Ratio 1.9
Sharpe Ratio 1.94
Information Ratio -0.23
Alpha Ratio -0.67
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Dec 16₹10,000
31 Dec 17₹14,600
31 Dec 18₹13,377
31 Dec 19₹15,195
31 Dec 20₹17,000
31 Dec 21₹22,167

Tata India Tax Savings Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹447,579.
Net Profit of ₹147,579
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 25 Jan 22

DurationReturns
1 Month 2.3%
3 Month -2.3%
6 Month 10.8%
1 Year 27.2%
3 Year 18.8%
5 Year 15.5%
10 Year
15 Year
Since launch 15.2%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Tejas Gutka9 Mar 210.82 Yr.

Data below for Tata India Tax Savings Fund as on 31 Dec 21

Equity Sector Allocation
SectorValue
Financial Services35.16%
Industrials16.09%
Technology12.34%
Consumer Cyclical8.69%
Basic Materials7.02%
Energy6.64%
Health Care5.65%
Communication Services3.45%
Utility2.05%
Real Estate1.54%
Asset Allocation
Asset ClassValue
Cash1.36%
Equity98.64%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY
9%₹255 Cr1,350,000
↓ -50,000
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK
8%₹246 Cr3,320,000
State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN
6%₹170 Cr3,700,000
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK
6%₹168 Cr1,135,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE
5%₹160 Cr675,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC
4%₹122 Cr470,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 532215
3%₹99 Cr1,465,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 19 | BHARTIARTL
3%₹87 Cr1,275,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 16 | LT
2%₹74 Cr390,000
Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 21 | TATAMOTORS
2%₹72 Cr1,500,000

3. DSP BlackRock Tax Saver Fund

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 CAGR/Annualized return of 14.9% since its launch.  Ranked 12 in ELSS category.  Return for 2021 was 35.1% , 2020 was 15% and 2019 was 14.8% .

Below is the key information for DSP BlackRock Tax Saver Fund

DSP BlackRock Tax Saver Fund
Growth
Launch Date 18 Jan 07
NAV (25 Jan 22) ₹80.661 ↑ 0.99   (1.24 %)
Net Assets (Cr) ₹9,636 on 31 Dec 21
Category Equity - ELSS
AMC DSP BlackRock Invmt Managers Pvt. Ltd.
Rating
Risk Moderately High
Expense Ratio 1.87
Sharpe Ratio 2.3
Information Ratio 0.57
Alpha Ratio 4.8
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Dec 16₹10,000
31 Dec 17₹13,629
31 Dec 18₹12,588
31 Dec 19₹14,455
31 Dec 20₹16,630
31 Dec 21₹22,470

DSP BlackRock Tax Saver Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹447,579.
Net Profit of ₹147,579
Invest Now

Returns for DSP BlackRock 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 25 Jan 22

DurationReturns
1 Month 2.7%
3 Month -3.1%
6 Month 5.8%
1 Year 32.1%
3 Year 22.4%
5 Year 16%
10 Year
15 Year
Since launch 14.9%
Historical performance (Yearly) on absolute basis
YearReturns
2021 35.1%
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%
Fund Manager information for DSP BlackRock Tax Saver Fund
NameSinceTenure
Rohit Singhania16 Jul 156.47 Yr.
Charanjit Singh1 Jan 211 Yr.

Data below for DSP BlackRock Tax Saver Fund as on 31 Dec 21

Equity Sector Allocation
SectorValue
Financial Services36.77%
Consumer Cyclical12.29%
Technology11.57%
Basic Materials10.72%
Industrials9.48%
Health Care5.33%
Utility5.09%
Communication Services3.47%
Consumer Defensive2.68%
Energy1.71%
Asset Allocation
Asset ClassValue
Cash0.89%
Equity99.11%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK
10%₹928 Cr12,543,568
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK
7%₹684 Cr4,623,419
↑ 320,147
Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY
7%₹670 Cr3,547,876
↑ 77,436
Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 532215
5%₹487 Cr7,175,423
↑ 568,075
HCL Technologies Ltd (Technology)
Equity, Since 31 Mar 21 | HCLTECH
4%₹345 Cr2,615,158
↑ 126,807
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
3%₹326 Cr7,085,018
↑ 519,691
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jul 19 | BHARTIARTL
3%₹274 Cr4,005,969
SBI Life Insurance Company Limited (Financial Services)
Equity, Since 30 Jun 20 | 540719
3%₹251 Cr2,095,209
↑ 245,581
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 20 | LT
2%₹196 Cr1,034,835
↑ 102,420
ACC Ltd (Basic Materials)
Equity, Since 28 Feb 19 | 500410
2%₹194 Cr876,828

4. 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 13.8% 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 (25 Jan 22) ₹78.448 ↑ 0.37   (0.47 %)
Net Assets (Cr) ₹3,575 on 31 Dec 21
Category Equity - ELSS
AMC L&T Investment Management Ltd
Rating
Risk Moderately High
Expense Ratio 2.03
Sharpe Ratio 2.29
Information Ratio -0.81
Alpha Ratio 4.94
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Dec 16₹10,000
31 Dec 17₹14,227
31 Dec 18₹13,077
31 Dec 19₹13,685
31 Dec 20₹15,527
31 Dec 21₹20,227

L&T Tax Advantage Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹415,684.
Net Profit of ₹115,684
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 25 Jan 22

DurationReturns
1 Month -1.3%
3 Month -1%
6 Month 4.9%
1 Year 23.8%
3 Year 15.7%
5 Year 12.7%
10 Year
15 Year
Since launch 13.8%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Vihang Naik17 Dec 192.04 Yr.
Cheenu Gupta2 Jul 210.5 Yr.

Data below for L&T Tax Advantage Fund as on 31 Dec 21

Equity Sector Allocation
SectorValue
Financial Services22.6%
Technology20.93%
Consumer Cyclical18.93%
Basic Materials12.84%
Health Care6.88%
Energy6.73%
Industrials2.69%
Consumer Defensive2.3%
Real Estate1.97%
Communication Services1.93%
Utility1.36%
Asset Allocation
Asset ClassValue
Cash0.85%
Equity99.14%
Other0.01%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK
7%₹247 Cr3,337,600
↑ 169,600
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 21 | RELIANCE
7%₹241 Cr1,016,100
↑ 417,800
Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY
7%₹238 Cr1,260,300
UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Oct 19 | ULTRACEMCO
3%₹115 Cr151,900
Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Jul 21 | 500034
3%₹112 Cr160,229
K.P.R. Mill Ltd (Consumer Cyclical)
Equity, Since 31 Jan 15 | 532889
3%₹107 Cr1,602,106
↓ -85,132
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK
3%₹101 Cr685,900
Persistent Systems Ltd (Technology)
Equity, Since 31 Jul 21 | PERSISTENT
3%₹96 Cr195,500
Titan Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 21 | TITAN
3%₹92 Cr364,000
Wipro Ltd (Technology)
Equity, Since 30 Sep 21 | 507685
2%₹89 Cr1,241,800

5. 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.

DateValue
31 Dec 16₹10,000
31 Dec 17₹13,620
31 Dec 18₹13,089
31 Dec 19₹14,411
31 Dec 20₹16,068
31 Dec 21₹21,671

HDFC Long Term Advantage Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual 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 25 Jan 22

DurationReturns
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
YearReturns
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
Fund Manager information for HDFC Long Term Advantage Fund
NameSinceTenure

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

Equity Sector Allocation
SectorValue
Asset Allocation
Asset ClassValue
Top Securities Holdings / Portfolio
NameHoldingValueQuantity

6. 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 12.9% 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 (25 Jan 22) ₹71.399 ↑ 0.64   (0.90 %)
Net Assets (Cr) ₹2,418 on 31 Dec 21
Category Equity - ELSS
AMC Kotak Mahindra Asset Management Co Ltd
Rating
Risk Moderately High
Expense Ratio 2.15
Sharpe Ratio 3.04
Information Ratio 0.17
Alpha Ratio 9.32
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Dec 16₹10,000
31 Dec 17₹13,376
31 Dec 18₹12,867
31 Dec 19₹14,497
31 Dec 20₹16,664
31 Dec 21₹22,203

Kotak Tax Saver Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹447,579.
Net Profit of ₹147,579
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 25 Jan 22

DurationReturns
1 Month 1.8%
3 Month 0.5%
6 Month 7.7%
1 Year 29.6%
3 Year 20.4%
5 Year 15.6%
10 Year
15 Year
Since launch 12.9%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Harsha Upadhyaya25 Aug 156.36 Yr.

Data below for Kotak Tax Saver Fund as on 31 Dec 21

Equity Sector Allocation
SectorValue
Financial Services24.28%
Basic Materials17.27%
Industrials16.32%
Technology12.83%
Consumer Cyclical9.96%
Health Care5.13%
Consumer Defensive4.3%
Communication Services3.16%
Energy2.94%
Utility1.1%
Asset Allocation
Asset ClassValue
Cash2.71%
Equity97.28%
Other0.01%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
8%₹185 Cr2,500,000
Infosys Ltd (Technology)
Equity, Since 31 Dec 05 | INFY
6%₹151 Cr800,000
State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN
5%₹122 Cr2,650,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 14 | LT
5%₹109 Cr575,000
SRF Ltd (Basic Materials)
Equity, Since 30 Apr 16 | SRF
4%₹93 Cr385,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 18 | TCS
3%₹84 Cr225,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK
3%₹81 Cr550,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE
3%₹71 Cr300,000
Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Aug 21 | 500034
3%₹66 Cr95,000
FSN E-Commerce Ventures Ltd (Consumer Cyclical)
Equity, Since 31 Oct 21 | 543384
3%₹63 Cr300,000
↓ -68,676

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?

  1. Open Free Investment Account for Lifetime at Fincash.com.

  2. Complete your Registration and KYC Process

  3. 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.
How helpful was this page ?
Rated 4.7, based on 6 reviews.
POST A COMMENT