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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
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 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 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 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 (%) 2019 (%) IDFC Tax Advantage (ELSS) Fund Growth ₹54.37
↑ 0.32 ₹2,228 10.2 30.5 2.4 -0.1 7 1.9 Tata India Tax Savings Fund Growth ₹18.5008
↑ 0.18 ₹2,070 9.2 23.9 0.6 2.7 8.7 13.6 L&T Tax Advantage Fund Growth ₹53.98
↑ 0.30 ₹3,087 9.7 25.1 1.7 0.1 7.1 4.6 DSP BlackRock Tax Saver Fund Growth ₹49.728
↑ 0.49 ₹6,178 6.3 22.6 -0.9 2.6 8.9 14.8 Invesco India Tax Plan Growth ₹54.49
↑ 0.24 ₹1,134 8.4 25 5.6 5.7 8.8 9.4 Kotak Tax Saver Fund Growth ₹46.522
↑ 0.29 ₹1,275 9.1 23.5 5 4.2 8.2 12.7 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Oct 20 1. IDFC Tax Advantage (ELSS) Fund
CAGR/Annualized return of 15.4% 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 (19 Oct 20) ₹54.37 ↑ 0.32 (0.59 %) Net Assets (Cr) ₹2,228 on 30 Sep 20 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.22 Sharpe Ratio 0.1 Information Ratio -0.68 Alpha Ratio 2.26 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 15 ₹10,000 30 Sep 16 ₹10,987 30 Sep 17 ₹13,999 30 Sep 18 ₹14,223 30 Sep 19 ₹14,060 30 Sep 20 ₹14,192 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Oct 20 Duration Returns 1 Month -1.4% 3 Month 10.2% 6 Month 30.5% 1 Year 2.4% 3 Year -0.1% 5 Year 7% 10 Year 15 Year Since launch 15.4% 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 3.95 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 30 Sep 20
Equity Sector Allocation
Sector Value Financial Services 18.67% Consumer Cyclical 13.98% Technology 13.38% Industrials 12.61% Health Care 11.01% Basic Materials 10.74% Energy 6.94% Consumer Defensive 6.61% Communication Services 3.21% Utility 0.35% Asset Allocation
Asset Class Value Cash 2.48% Equity 97.51% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY6% ₹136 Cr 1,350,000
↑ 150,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK6% ₹128 Cr 3,600,000
↓ -300,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE6% ₹123 Cr 550,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK4% ₹86 Cr 800,000 Deepak Nitrite Ltd (Basic Materials)
Equity, Since 31 Mar 17 | 5064014% ₹82 Cr 1,000,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL3% ₹72 Cr 1,700,000 Ipca Laboratories Ltd (Healthcare)
Equity, Since 30 Nov 18 | 5244943% ₹63 Cr 290,000 KEC International Ltd (Industrials)
Equity, Since 30 Sep 15 | 5327143% ₹62 Cr 1,800,000 ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 20 | ITC3% ₹58 Cr 3,400,000
↑ 700,000 Mastek Ltd (Technology)
Equity, Since 31 Jan 17 | 5237042% ₹53 Cr 615,000
↓ -15,000 2. Tata India Tax Savings Fund
CAGR/Annualized return of 10.8% 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 (19 Oct 20) ₹18.5008 ↑ 0.18 (1.00 %) Net Assets (Cr) ₹2,070 on 30 Sep 20 Category Equity - ELSS AMC Tata Asset Management Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.97 Sharpe Ratio -0.08 Information Ratio -0.82 Alpha Ratio -2.56 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 15 ₹10,000 30 Sep 16 ₹11,735 30 Sep 17 ₹13,969 30 Sep 18 ₹13,707 30 Sep 19 ₹15,363 30 Sep 20 ₹14,906 Returns for Tata India Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Oct 20 Duration Returns 1 Month 1.7% 3 Month 9.2% 6 Month 23.9% 1 Year 0.6% 3 Year 2.7% 5 Year 8.7% 10 Year 15 Year Since launch 10.8% 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 5.51 Yr. Ennette Fernandes 18 Jun 18 2.29 Yr. Data below for Tata India Tax Savings Fund as on 30 Sep 20
Equity Sector Allocation
Sector Value Financial Services 28.61% Energy 17.88% Technology 11.9% Consumer Cyclical 9.98% Health Care 8.14% Industrials 6.35% Basic Materials 6.29% Communication Services 4.27% Consumer Defensive 3.27% Real Estate 0.57% Asset Allocation
Asset Class Value Cash 2.93% Equity 97.27% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE15% ₹304 Cr 1,360,000
↓ -20,000 Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY10% ₹199 Cr 1,970,000 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK8% ₹162 Cr 1,500,000 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK7% ₹145 Cr 4,100,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN5% ₹99 Cr 5,325,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 19 | BHARTIARTL4% ₹88 Cr 2,100,000
↓ -200,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC4% ₹82 Cr 470,000
↓ -95,000 Jubilant Foodworks Ltd (Consumer Cyclical)
Equity, Since 31 Jul 18 | JUBLFOOD3% ₹66 Cr 280,000 Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 17 | DIVISLAB3% ₹61 Cr 200,000
↓ -15,000 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | M&M3% ₹61 Cr 1,000,000 3. L&T Tax Advantage Fund
CAGR/Annualized return of 12.2% 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 (19 Oct 20) ₹53.98 ↑ 0.30 (0.56 %) Net Assets (Cr) ₹3,087 on 30 Sep 20 Category Equity - ELSS AMC L&T Investment Management Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.04 Sharpe Ratio 0.05 Information Ratio -1.14 Alpha Ratio 0.21 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 15 ₹10,000 30 Sep 16 ₹11,313 30 Sep 17 ₹13,967 30 Sep 18 ₹14,109 30 Sep 19 ₹13,963 30 Sep 20 ₹14,041 Returns for L&T Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Oct 20 Duration Returns 1 Month 0.5% 3 Month 9.7% 6 Month 25.1% 1 Year 1.7% 3 Year 0.1% 5 Year 7.1% 10 Year 15 Year Since launch 12.2% 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 0.79 Yr. Vihang Naik 17 Dec 19 0.79 Yr. Data below for L&T Tax Advantage Fund as on 30 Sep 20
Equity Sector Allocation
Sector Value Financial Services 20.96% Health Care 14.97% Technology 14.27% Basic Materials 13.38% Consumer Cyclical 12.7% Energy 6.82% Industrials 5.37% Consumer Defensive 5.31% Communication Services 1.86% Asset Allocation
Asset Class Value Cash 3.5% Equity 96.48% Other 0.02% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCE6% ₹183 Cr 818,000 HCL Technologies Ltd (Technology)
Equity, Since 30 Sep 17 | HCLTECH5% ₹143 Cr 1,758,400 Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY4% ₹138 Cr 1,370,200 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK4% ₹128 Cr 3,605,800 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 09 | TCS4% ₹123 Cr 491,900 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK3% ₹92 Cr 853,400 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | KOTAKBANK3% ₹86 Cr 675,107 Abbott India Ltd (Healthcare)
Equity, Since 28 Feb 19 | 5004883% ₹82 Cr 50,000 Emami Ltd (Consumer Defensive)
Equity, Since 30 Jun 19 | 5311623% ₹82 Cr 2,333,743 ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 07 | ITC3% ₹82 Cr 4,771,387 4. DSP BlackRock Tax Saver Fund
CAGR/Annualized return of 12.4% 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 (19 Oct 20) ₹49.728 ↑ 0.49 (1.00 %) Net Assets (Cr) ₹6,178 on 30 Sep 20 Category Equity - ELSS AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.91 Sharpe Ratio -0.06 Information Ratio -0.38 Alpha Ratio -3.77 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 15 ₹10,000 30 Sep 16 ₹12,045 30 Sep 17 ₹14,030 30 Sep 18 ₹13,920 30 Sep 19 ₹15,603 30 Sep 20 ₹15,161 Returns for DSP BlackRock Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Oct 20 Duration Returns 1 Month 0.3% 3 Month 6.3% 6 Month 22.6% 1 Year -0.9% 3 Year 2.6% 5 Year 8.9% 10 Year 15 Year Since launch 12.4% 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 5.22 Yr. Data below for DSP BlackRock Tax Saver Fund as on 30 Sep 20
Equity Sector Allocation
Sector Value Financial Services 32.92% Health Care 10.29% Basic Materials 10.11% Technology 8.32% Consumer Cyclical 7.23% Communication Services 6.85% Industrials 6.45% Consumer Defensive 5.97% Energy 5.86% Utility 3.6% Asset Allocation
Asset Class Value Cash 2.17% Equity 97.83% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK9% ₹568 Cr 16,019,233
↑ 197,451 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK9% ₹568 Cr 5,262,093
↑ 60,048 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jul 19 | BHARTIARTL7% ₹423 Cr 10,058,042
↓ -338,417 Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY7% ₹416 Cr 4,125,016
↑ 68,159 State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN4% ₹253 Cr 13,654,254
↑ 493,392 Reliance Industries Ltd (Energy)
Equity, Since 31 May 15 | RELIANCE3% ₹207 Cr 927,181
↓ -68,997 Dr Reddy's Laboratories Ltd (Healthcare)
Equity, Since 31 Jul 20 | 5001243% ₹189 Cr 365,231
↑ 61,570 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Aug 20 | HDFC2% ₹154 Cr 887,596
↓ -35,766 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 May 14 | ULTRACEMCO2% ₹132 Cr 326,437 Manappuram Finance Ltd (Financial Services)
Equity, Since 30 Apr 20 | 5312132% ₹132 Cr 8,382,554 5. Invesco India Tax Plan
CAGR/Annualized return of 13.1% since its launch. Ranked 17 in ELSS category. Return for 2019 was 9.4% , 2018 was -1.3% and 2017 was 35.7% . Invesco India Tax Plan
Growth Launch Date 29 Dec 06 NAV (19 Oct 20) ₹54.49 ↑ 0.24 (0.44 %) Net Assets (Cr) ₹1,134 on 30 Sep 20 Category Equity - ELSS AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.21 Sharpe Ratio 0.14 Information Ratio 0.21 Alpha Ratio 2.98 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 15 ₹10,000 30 Sep 16 ₹10,988 30 Sep 17 ₹12,632 30 Sep 18 ₹13,908 30 Sep 19 ₹14,411 30 Sep 20 ₹15,006 Returns for Invesco India Tax Plan
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Oct 20 Duration Returns 1 Month 0.5% 3 Month 8.4% 6 Month 25% 1 Year 5.6% 3 Year 5.7% 5 Year 8.8% 10 Year 15 Year Since launch 13.1% Historical performance (Yearly) on absolute basis
Year Returns 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% 2010 22.1% Fund Manager information for Invesco India Tax Plan
Name Since Tenure Amit Nigam 3 Sep 20 0.07 Yr. Dhimant Kothari 29 Mar 18 2.51 Yr. Data below for Invesco India Tax Plan as on 30 Sep 20
Equity Sector Allocation
Sector Value Financial Services 26.88% Energy 11.49% Technology 11.06% Consumer Cyclical 10.2% Industrials 7.76% Basic Materials 7.48% Consumer Defensive 7.2% Utility 4.6% Health Care 4.39% Communication Services 3.94% Real Estate 0.56% Asset Allocation
Asset Class Value Cash 4.43% Equity 95.57% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE11% ₹130 Cr 582,815 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK9% ₹102 Cr 948,078 Infosys Ltd (Technology)
Equity, Since 31 Dec 19 | INFY8% ₹96 Cr 950,093
↓ -59,282 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK6% ₹67 Cr 1,885,026 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Jun 19 | 5006964% ₹47 Cr 226,766 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 19 | KOTAKBANK4% ₹47 Cr 367,073
↓ -83,761 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 19 | BHARTIARTL4% ₹45 Cr 1,061,837
↑ 284,509 SBI Cards and Payment Services Ltd Ordinary Shares (Financial Services)
Equity, Since 30 Apr 20 | 5430663% ₹29 Cr 338,899 Vinati Organics Ltd (Basic Materials)
Equity, Since 29 Feb 20 | 5242002% ₹25 Cr 184,799
↑ 28,099 Bajaj Auto Ltd (Consumer Cyclical)
Equity, Since 31 Mar 20 | 5329772% ₹24 Cr 81,676 6. Kotak Tax Saver Fund
CAGR/Annualized return of 10.9% 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 (19 Oct 20) ₹46.522 ↑ 0.29 (0.63 %) Net Assets (Cr) ₹1,275 on 30 Sep 20 Category Equity - ELSS AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.34 Sharpe Ratio 0.08 Information Ratio 0.09 Alpha Ratio 1.07 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 15 ₹10,000 30 Sep 16 ₹11,197 30 Sep 17 ₹12,954 30 Sep 18 ₹13,262 30 Sep 19 ₹14,403 30 Sep 20 ₹14,730 Returns for Kotak Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Oct 20 Duration Returns 1 Month 1.5% 3 Month 9.1% 6 Month 23.5% 1 Year 5% 3 Year 4.2% 5 Year 8.2% 10 Year 15 Year Since launch 10.9% 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 5.11 Yr. Data below for Kotak Tax Saver Fund as on 30 Sep 20
Equity Sector Allocation
Sector Value Basic Materials 17.65% Financial Services 16.22% Industrials 15.5% Technology 14.73% Consumer Defensive 10.54% Energy 8.88% Consumer Cyclical 6.29% Health Care 5.73% Utility 3.12% Asset Allocation
Asset Class Value Cash 0.96% Equity 99.01% Other 0.02% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE9% ₹113 Cr 506,666 Infosys Ltd (Technology)
Equity, Since 31 Dec 05 | INFY7% ₹83 Cr 825,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 18 | TCS6% ₹75 Cr 300,000
↑ 25,000 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Apr 20 | 5006964% ₹56 Cr 270,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK4% ₹50 Cr 1,400,000 SRF Ltd (Basic Materials)
Equity, Since 30 Apr 16 | SRF3% ₹43 Cr 105,000 Dr Reddy's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 18 | 5001243% ₹42 Cr 80,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK3% ₹41 Cr 380,000 Britannia Industries Ltd (Consumer Defensive)
Equity, Since 31 May 20 | 5008253% ₹38 Cr 100,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | 5322152% ₹32 Cr 750,000
↓ -27,025
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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