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6 Best Performing Tax Saving Mutual Funds 2019
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.
Talk to our investment specialist
Best Performing Tax Saving Mutual Funds
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2017 (%) Tata India Tax Savings Fund Growth ₹16.9407
↓ -0.04 ₹1,512 6.7 0.3 -8.2 14.7 -8.4 IDFC Tax Advantage (ELSS) Fund Growth ₹52.86
↓ -0.20 ₹1,689 1.8 -3.8 -12.4 14.8 16.4 -9.4 Aditya Birla Sun Life Tax Relief '96 Growth ₹30.49
↓ -0.01 ₹6,984 3.6 -1.6 -4.7 15 19.2 -4.5 DSP BlackRock Tax Saver Fund Growth ₹44.711
↓ -0.25 ₹4,567 5.8 -0.1 -8.4 14.6 17.5 -7.6 L&T Tax Advantage Fund Growth ₹52.005
↓ -0.36 ₹3,221 -0.6 -5.3 -11.6 15.3 16.1 -8.1 HDFC Long Term Advantage Fund Growth ₹342.866
↓ -0.19 ₹1,479 6.2 2.3 -4.5 17.4 16.2 -3.9 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 18 Jan 19
*List of TAX Saving mutual funds having net assets between 1000 Crore to 10,000 Crores.
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 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 Below is the key information for HDFC Long Term Advantage Fund Returns up to 1 year are on 1. Tata India Tax Savings Fund
CAGR/Annualized return of 13.2% since its launch. Ranked 1 in ELSS category. Return for 2018 was -8.4% , 2017 was 46% and 2016 was 2.1% . Tata India Tax Savings Fund
Growth Launch Date 13 Oct 14 NAV (18 Jan 19) ₹16.9407 ↓ -0.04 (-0.25 %) Net Assets (Cr) ₹1,512 on 30 Nov 18 Category Equity - ELSS AMC Tata Asset Management Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.61 Sharpe Ratio -0.42 Information Ratio -0.18 Alpha Ratio -15.19 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 14 ₹10,530 31 Dec 15 ₹11,931 31 Dec 16 ₹12,187 31 Dec 17 ₹17,793 31 Dec 18 ₹16,302 Returns for Tata India Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Jan 19 Duration Returns 1 Month -0.1% 3 Month 6.7% 6 Month 0.3% 1 Year -8.2% 3 Year 14.7% 5 Year 10 Year 15 Year Since launch 13.2% Historical performance (Yearly) on absolute basis
Year Returns 2017 -8.4% 2016 46% 2015 2.1% 2014 13.3% 2013 2012 2011 2010 2009 2008 Fund Manager information for Tata India Tax Savings Fund
Name Since Tenure Rupesh Patel 1 Apr 15 3.59 Yr. Ennette Fernandes 18 Jun 18 0.37 Yr. Data below for Tata India Tax Savings Fund as on 30 Nov 18
Equity Sector Allocation
Sector Value Financial Services 41.2% Consumer Cyclical 15.5% Consumer Defensive 10.42% Industrials 9.22% Technology 7.36% Health Care 4.98% Energy 3.6% Basic Materials 3.42% Real Estate 0.7% Asset Allocation
Asset Class Value Cash 2.86% Equity 96.41% Debt 0.8% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK9% ₹145 Cr 4,015,000 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK8% ₹119 Cr 560,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322155% ₹84 Cr 1,360,000
↑ 260,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN5% ₹84 Cr 2,830,000
↑ 790,000 Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY4% ₹67 Cr 1,020,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 15 | KOTAKBANK4% ₹62 Cr 495,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC4% ₹61 Cr 310,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE4% ₹56 Cr 500,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 18 | TCS3% ₹47 Cr 250,000 Havells India Ltd (Industrials)
Equity, Since 31 Aug 17 | 5173543% ₹45 Cr 656,000 2. IDFC Tax Advantage (ELSS) Fund
CAGR/Annualized return of 18% since its launch. Ranked 3 in ELSS category. Return for 2018 was -9.4% , 2017 was 53.4% and 2016 was 0.4% . IDFC Tax Advantage (ELSS) Fund
Growth Launch Date 26 Dec 08 NAV (18 Jan 19) ₹52.86 ↓ -0.20 (-0.38 %) Net Assets (Cr) ₹1,689 on 30 Nov 18 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.74 Sharpe Ratio -0.55 Information Ratio -0.15 Alpha Ratio -9.94 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 13 ₹10,000 31 Dec 14 ₹14,221 31 Dec 15 ₹15,202 31 Dec 16 ₹15,265 31 Dec 17 ₹23,410 31 Dec 18 ₹21,209 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Jan 19 Duration Returns 1 Month -2.3% 3 Month 1.8% 6 Month -3.8% 1 Year -12.4% 3 Year 14.8% 5 Year 16.4% 10 Year 15 Year Since launch 18% Historical performance (Yearly) on absolute basis
Year Returns 2017 -9.4% 2016 53.4% 2015 0.4% 2014 6.9% 2013 42.2% 2012 15% 2011 36.2% 2010 -23.3% 2009 24% 2008 70.8% Fund Manager information for IDFC Tax Advantage (ELSS) Fund
Name Since Tenure Daylynn Pinto 20 Oct 16 2.03 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 30 Nov 18
Equity Sector Allocation
Sector Value Financial Services 25.04% Consumer Cyclical 15.77% Basic Materials 10.84% Technology 9.43% Industrials 7.74% Consumer Defensive 7.35% Health Care 5.73% Energy 5.63% Utility 5.24% Asset Allocation
Asset Class Value Cash 6.59% Equity 93.4% Other 0.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity Triparty Repo
CBLO/Reverse Repo | -7% ₹118 Cr ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK6% ₹95 Cr 2,650,000
↑ 50,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK4% ₹74 Cr 350,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE4% ₹62 Cr 550,000 State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN3% ₹56 Cr 1,900,000
↑ 300,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY3% ₹54 Cr 825,000
↑ 25,000 Future Retail Ltd (Consumer Cyclical)
Equity, Since 31 Aug 16 | FRETAIL3% ₹51 Cr 1,010,000 RBL Bank Ltd (Financial Services)
Equity, Since 31 Aug 16 | RBLBANK3% ₹46 Cr 800,000 Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 18 | 5322152% ₹34 Cr 550,000 ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 18 | ITC2% ₹34 Cr 1,200,000 3. Aditya Birla Sun Life Tax Relief '96
CAGR/Annualized return of 10.8% since its launch. Ranked 4 in ELSS category. Return for 2018 was -4.5% , 2017 was 43.2% and 2016 was 3.4% . Aditya Birla Sun Life Tax Relief '96
Growth Launch Date 6 Mar 08 NAV (18 Jan 19) ₹30.49 ↓ -0.01 (-0.03 %) Net Assets (Cr) ₹6,984 on 30 Nov 18 Category Equity - ELSS AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.42 Sharpe Ratio -0.19 Information Ratio -0.06 Alpha Ratio -4.39 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 13 ₹10,000 31 Dec 14 ₹15,455 31 Dec 15 ₹16,875 31 Dec 16 ₹17,446 31 Dec 17 ₹24,977 31 Dec 18 ₹23,843 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 18 Jan 19 Duration Returns 1 Month -1% 3 Month 3.6% 6 Month -1.6% 1 Year -4.7% 3 Year 15% 5 Year 19.2% 10 Year 15 Year Since launch 10.8% Historical performance (Yearly) on absolute basis
Year Returns 2017 -4.5% 2016 43.2% 2015 3.4% 2014 9.2% 2013 54.6% 2012 9.1% 2011 36.6% 2010 -29.6% 2009 13.5% 2008 102.8% Fund Manager information for Aditya Birla Sun Life Tax Relief '96
Name Since Tenure Ajay Garg 1 Oct 06 12.09 Yr. Data below for Aditya Birla Sun Life Tax Relief '96 as on 30 Nov 18
Equity Sector Allocation
Sector Value Consumer Cyclical 21.81% Financial Services 18.86% Health Care 13.38% Basic Materials 11.16% Industrials 11.13% Consumer Defensive 9.06% Energy 7.22% Technology 5.02% Asset Allocation
Asset Class Value Cash 2.71% Equity 97.65% Top Securities Holdings / Portfolio
Name Holding Value Quantity Honeywell Automation India Ltd (Industrials)
Equity, Since 30 Jun 08 | 5171748% ₹545 Cr 247,838
↑ 5,067 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 08 | RELIANCE7% ₹522 Cr 4,651,330
↑ 126,000 Gillette India Ltd (Consumer Defensive)
Equity, Since 30 Jun 14 | GILLETTE7% ₹490 Cr 753,410
↑ 13,445 Bayer CropScience Ltd (Basic Materials)
Equity, Since 31 Aug 11 | 5062856% ₹431 Cr 1,021,887
↑ 20,411 Pfizer Ltd (Healthcare)
Equity, Since 30 Apr 11 | PFIZER5% ₹391 Cr 1,368,850
↑ 33,281 GlaxoSmithKline Pharmaceuticals Ltd (Healthcare)
Equity, Since 31 Mar 10 | 5006605% ₹372 Cr 2,456,639
↑ 50,823 Thomas Cook India Ltd (Consumer Cyclical)
Equity, Since 31 Aug 15 | THOMASCOOK5% ₹350 Cr 14,941,212
↑ 460,039 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFC5% ₹330 Cr 1,676,393 Sundaram Clayton Ltd (Consumer Cyclical)
Equity, Since 31 Mar 12 | 5200564% ₹319 Cr 878,222
↑ 1,957 Shoppers Stop Ltd (Consumer Cyclical)
Equity, Since 31 Oct 10 | 5326384% ₹256 Cr 4,736,904
↑ 154,121 4. DSP BlackRock Tax Saver Fund
CAGR/Annualized return of 13.3% since its launch. Ranked 12 in ELSS category. Return for 2018 was -7.6% , 2017 was 36.3% and 2016 was 11.3% . DSP BlackRock Tax Saver Fund
Growth Launch Date 18 Jan 07 NAV (18 Jan 19) ₹44.711 ↓ -0.25 (-0.55 %) Net Assets (Cr) ₹4,567 on 30 Nov 18 Category Equity - ELSS AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.47 Sharpe Ratio -0.39 Information Ratio -0.22 Alpha Ratio -5.51 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 13 ₹10,000 31 Dec 14 ₹15,221 31 Dec 15 ₹15,891 31 Dec 16 ₹17,682 31 Dec 17 ₹24,099 31 Dec 18 ₹22,258 Returns for DSP BlackRock Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Jan 19 Duration Returns 1 Month -0.4% 3 Month 5.8% 6 Month -0.1% 1 Year -8.4% 3 Year 14.6% 5 Year 17.5% 10 Year 15 Year Since launch 13.3% Historical performance (Yearly) on absolute basis
Year Returns 2017 -7.6% 2016 36.3% 2015 11.3% 2014 4.4% 2013 52.2% 2012 6.7% 2011 39.8% 2010 -26.7% 2009 23.3% 2008 84.2% Fund Manager information for DSP BlackRock Tax Saver Fund
Name Since Tenure Rohit Singhania 16 Jul 15 3.3 Yr. Data below for DSP BlackRock Tax Saver Fund as on 30 Nov 18
Equity Sector Allocation
Sector Value Financial Services 38.85% Technology 12.57% Basic Materials 10.55% Industrials 7.83% Health Care 7.13% Consumer Defensive 5.64% Consumer Cyclical 4.81% Energy 3.86% Utility 2.39% Real Estate 0.72% Asset Allocation
Asset Class Value Cash 4.39% Equity 95.46% Other 0.15% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK9% ₹438 Cr 12,166,301
↑ 1,450,347 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK9% ₹400 Cr 1,882,985
↑ 32,958 Treps / Reverse Repo Investments
CBLO/Reverse Repo | -4% ₹205 Cr Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY4% ₹189 Cr 2,865,745
↑ 770,998 State Bank of India (Financial Services)
Equity, Since 30 Jun 08 | SBIN4% ₹188 Cr 6,370,022
↑ 318,603 Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 16 | LT4% ₹177 Cr 1,230,394
↑ 133,353 Tech Mahindra Ltd (Technology)
Equity, Since 30 Jun 18 | 5327553% ₹137 Cr 1,893,615
↓ -414,013 Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 5322152% ₹99 Cr 1,599,318
↑ 627,821 Aurobindo Pharma Ltd (Healthcare)
Equity, Since 30 Sep 18 | AUROPHARMA2% ₹98 Cr 1,342,803
↑ 234,577 ITC Ltd (Consumer Defensive)
Equity, Since 31 Dec 18 | ITC2% ₹97 Cr 3,456,080
↑ 3,456,080 5. L&T Tax Advantage Fund
CAGR/Annualized return of 13.6% since its launch. Ranked 7 in ELSS category. Return for 2018 was -8.1% , 2017 was 42.3% and 2016 was 8.1% . L&T Tax Advantage Fund
Growth Launch Date 27 Feb 06 NAV (18 Jan 19) ₹52.005 ↓ -0.36 (-0.69 %) Net Assets (Cr) ₹3,221 on 30 Nov 18 Category Equity - ELSS AMC L&T Investment Management Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.61 Sharpe Ratio -0.38 Information Ratio -0.05 Alpha Ratio -7 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 13 ₹10,000 31 Dec 14 ₹14,475 31 Dec 15 ₹14,896 31 Dec 16 ₹16,106 31 Dec 17 ₹22,915 31 Dec 18 ₹21,063 Returns for L&T Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Jan 19 Duration Returns 1 Month -2.1% 3 Month -0.6% 6 Month -5.3% 1 Year -11.6% 3 Year 15.3% 5 Year 16.1% 10 Year 15 Year Since launch 13.6% Historical performance (Yearly) on absolute basis
Year Returns 2017 -8.1% 2016 42.3% 2015 8.1% 2014 2.9% 2013 44.8% 2012 6.8% 2011 27.4% 2010 -21.8% 2009 29.2% 2008 86.7% Fund Manager information for L&T Tax Advantage Fund
Name Since Tenure S.N. Lahiri 24 Nov 12 5.94 Yr. Data below for L&T Tax Advantage Fund as on 30 Nov 18
Equity Sector Allocation
Sector Value Financial Services 26.08% Industrials 15.16% Consumer Cyclical 13.93% Basic Materials 13% Technology 12.15% Health Care 5.95% Energy 3.36% Consumer Defensive 2.6% Communication Services 1.93% Utility 1.07% Asset Allocation
Asset Class Value Cash 2.79% Equity 95.86% Other 1.35% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK5% ₹165 Cr 777,700 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK5% ₹151 Cr 4,180,200 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 May 17 | HDFC4% ₹128 Cr 649,000 Graphite India Ltd (Industrials)
Equity, Since 31 Jan 17 | 5094884% ₹123 Cr 1,632,935
↓ -42,035 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 06 | LT3% ₹108 Cr 753,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 09 | TCS3% ₹107 Cr 565,700
↑ 23,500 Future Retail Ltd (Consumer Cyclical)
Equity, Since 31 Aug 16 | FRETAIL3% ₹92 Cr 1,836,000 (A) Tri Party Repo Dealing System (Treps)
CBLO/Reverse Repo | -3% ₹90 Cr Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY3% ₹89 Cr 1,355,000 ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 07 | ITC3% ₹83 Cr 2,960,500 6. HDFC Long Term Advantage Fund
CAGR/Annualized return of 21.6% since its launch. Ranked 23 in ELSS category. Return for 2018 was -3.9% , 2017 was 36.2% and 2016 was 13% . HDFC Long Term Advantage Fund
Growth Launch Date 2 Jan 01 NAV (18 Jan 19) ₹342.866 ↓ -0.19 (-0.06 %) Net Assets (Cr) ₹1,479 on 30 Nov 18 Category Equity - ELSS AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.49 Sharpe Ratio -0.15 Information Ratio 0.17 Alpha Ratio -9.42 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 13 ₹10,000 31 Dec 14 ₹14,468 31 Dec 15 ₹14,121 31 Dec 16 ₹15,959 31 Dec 17 ₹21,735 31 Dec 18 ₹20,888
Purchase not allowed Returns for HDFC Long Term Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Jan 19 Duration Returns 1 Month 0.6% 3 Month 6.2% 6 Month 2.3% 1 Year -4.5% 3 Year 17.4% 5 Year 16.2% 10 Year 15 Year Since launch 21.6% Historical performance (Yearly) on absolute basis
Year Returns 2017 -3.9% 2016 36.2% 2015 13% 2014 -2.4% 2013 44.7% 2012 11% 2011 28.8% 2010 -23.5% 2009 28.4% 2008 88.9% Fund Manager information for HDFC Long Term Advantage Fund
Name Since Tenure Chirag Setalvad 2 Apr 07 11.59 Yr. Rakesh Vyas 10 May 12 6.48 Yr. Data below for HDFC Long Term Advantage Fund as on 30 Nov 18
Equity Sector Allocation
Sector Value Financial Services 30.82% Industrials 18.07% Energy 11.96% Basic Materials 9.35% Technology 8.99% Consumer Defensive 4.57% Health Care 4.29% Consumer Cyclical 4.03% Utility 2.06% Communication Services 0.86% Asset Allocation
Asset Class Value Cash 5% Equity 95% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 13 | HDFCBANK9% ₹137 Cr 645,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 05 | RELIANCE9% ₹129 Cr 1,150,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK8% ₹119 Cr 3,300,000 Infosys Ltd (Technology)
Equity, Since 30 Nov 06 | INFY7% ₹96 Cr 1,453,908 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Oct 07 | LT6% ₹87 Cr 607,500 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFC5% ₹79 Cr 400,000 State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN5% ₹77 Cr 2,600,000 Collateralised Borrowing & Lending Obligation
CBLO | -5% ₹76 Cr ITC Ltd (Consumer Defensive)
Equity, Since 31 Oct 05 | ITC4% ₹65 Cr 2,322,910 Vesuvius India Ltd (Industrials)
Equity, Since 31 Jan 11 | 5201133% ₹47 Cr 400,000
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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