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6 Best Performing Tax Saving Mutual Funds 2020 | Fincash.com

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6 Best Performing Tax Saving Mutual Funds 2020

Updated on March 25, 2020 , 800 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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Tax-Savings

Best Performing Tax Saving Mutual Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2019 (%)
Tata India Tax Savings Fund Growth ₹13.9333
↑ 0.03
₹2,060-28-24.4-22.4-1.23.613.6
IDFC Tax Advantage (ELSS) Fund Growth ₹37.2
↓ -0.12
₹2,060-32.4-31-33.5-6-1.11.9
DSP BlackRock Tax Saver Fund Growth ₹36.792
↑ 0.04
₹6,096-28.9-25.9-22.8-2.83.214.8
L&T Tax Advantage Fund Growth ₹39.047
↓ -0.06
₹3,206-29.6-25.9-26.3-4.91.24.6
Invesco India Tax Plan Growth ₹41.04
↓ -0.21
₹1,028-23.7-19.6-18.90.639.4
Kotak Tax Saver Scheme Growth ₹34.245
↓ -0.05
₹1,135-26.9-22.9-20.7-2.42.112.7
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 27 Mar 20
*List of TAX Saving mutual funds having net assets between 1000 Crore to 10,000 Crores.

1. 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 6.3% since its launch.  Ranked 1 in ELSS category.  Return for 2019 was 13.6% , 2018 was -8.4% and 2017 was 46% .

Below is the key information for Tata India Tax Savings Fund

Tata India Tax Savings Fund
Growth
Launch Date 13 Oct 14
NAV (27 Mar 20) ₹13.9333 ↑ 0.03   (0.19 %)
Net Assets (Cr) ₹2,060 on 29 Feb 20
Category Equity - ELSS
AMC Tata Asset Management Limited
Rating
Risk Moderately High
Expense Ratio 2.08
Sharpe Ratio 0.46
Information Ratio -0.3
Alpha Ratio 0.94
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
28 Feb 15₹10,000
29 Feb 16₹8,762
28 Feb 17₹11,804
28 Feb 18₹14,663
28 Feb 19₹13,985
29 Feb 20₹15,266

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 ₹331,978.
Net Profit of ₹31,978
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 27 Mar 20

DurationReturns
1 Month -26.4%
3 Month -28%
6 Month -24.4%
1 Year -22.4%
3 Year -1.2%
5 Year 3.6%
10 Year
15 Year
Since launch 6.3%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Rupesh Patel1 Apr 154.59 Yr.
Ennette Fernandes18 Jun 181.37 Yr.

Data below for Tata India Tax Savings Fund as on 29 Feb 20

Equity Sector Allocation
SectorValue
Financial Services40.83%
Consumer Cyclical10.91%
Energy9.34%
Technology8.88%
Industrials8.03%
Basic Materials4.57%
Health Care4.13%
Communication Services2.92%
Consumer Defensive2.34%
Real Estate0.84%
Asset Allocation
Asset ClassValue
Cash7.19%
Equity92.81%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK
9%₹189 Cr3,800,000
State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN
8%₹161 Cr5,325,000
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK
7%₹151 Cr1,282,000
(A) Treps
CBLO/Reverse Repo | -
6%₹125 Cr
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC
6%₹123 Cr565,000
Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY
6%₹123 Cr1,680,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE
6%₹116 Cr870,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 532215
5%₹105 Cr1,500,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 19 | BHARTIARTL
3%₹60 Cr1,150,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 18 | TCS
3%₹60 Cr300,000

2. 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 12.4% since its launch.  Ranked 3 in ELSS category.  Return for 2019 was 1.9% , 2018 was -9.4% and 2017 was 53.4% .

Below is the key information for IDFC Tax Advantage (ELSS) Fund

IDFC Tax Advantage (ELSS) Fund
Growth
Launch Date 26 Dec 08
NAV (27 Mar 20) ₹37.2 ↓ -0.12   (-0.32 %)
Net Assets (Cr) ₹2,060 on 29 Feb 20
Category Equity - ELSS
AMC IDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 2.22
Sharpe Ratio -0.02
Information Ratio -0.34
Alpha Ratio -2.93
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
28 Feb 15₹10,000
29 Feb 16₹8,258
28 Feb 17₹11,137
28 Feb 18₹14,855
28 Feb 19₹13,177
29 Feb 20₹13,378

IDFC Tax Advantage (ELSS) Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%

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 27 Mar 20

DurationReturns
1 Month -31.8%
3 Month -32.4%
6 Month -31%
1 Year -33.5%
3 Year -6%
5 Year -1.1%
10 Year
15 Year
Since launch 12.4%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Daylynn Pinto20 Oct 163.2 Yr.

Data below for IDFC Tax Advantage (ELSS) Fund as on 29 Feb 20

Equity Sector Allocation
SectorValue
Financial Services28.56%
Industrials16.82%
Consumer Cyclical12.92%
Basic Materials12.69%
Technology8.21%
Energy5.74%
Health Care4.32%
Consumer Defensive3.15%
Utility1.39%
Communication Services1.21%
Asset Allocation
Asset ClassValue
Cash3.98%
Equity96.02%
Other0%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK
8%₹159 Cr3,200,000
Triparty Repo
CBLO/Reverse Repo | -
4%₹85 Cr
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE
4%₹83 Cr625,000
↑ 25,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY
4%₹82 Cr1,125,000
State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN
4%₹82 Cr2,700,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK
4%₹80 Cr680,000
Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 18 | 532215
3%₹70 Cr1,000,000
RBL Bank Ltd (Financial Services)
Equity, Since 31 Aug 16 | RBLBANK
3%₹54 Cr1,850,000
Deepak Nitrite Ltd (Basic Materials)
Equity, Since 31 Mar 17 | 506401
2%₹51 Cr1,110,000
↓ -70,000
KEC International Ltd (Industrials)
Equity, Since 30 Sep 15 | 532714
2%₹51 Cr1,650,000

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 10.4% since its launch.  Ranked 12 in ELSS category.  Return for 2019 was 14.8% , 2018 was -7.6% and 2017 was 36.3% .

Below is the key information for DSP BlackRock Tax Saver Fund

DSP BlackRock Tax Saver Fund
Growth
Launch Date 18 Jan 07
NAV (27 Mar 20) ₹36.792 ↑ 0.04   (0.11 %)
Net Assets (Cr) ₹6,096 on 29 Feb 20
Category Equity - ELSS
AMC DSP BlackRock Invmt Managers Pvt. Ltd.
Rating
Risk Moderately High
Expense Ratio 2.11
Sharpe Ratio 0.62
Information Ratio 0.07
Alpha Ratio 6.72
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
28 Feb 15₹10,000
29 Feb 16₹8,574
28 Feb 17₹12,141
28 Feb 18₹14,249
28 Feb 19₹13,625
29 Feb 20₹15,190

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 ₹331,978.
Net Profit of ₹31,978
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 27 Mar 20

DurationReturns
1 Month -27.5%
3 Month -28.9%
6 Month -25.9%
1 Year -22.8%
3 Year -2.8%
5 Year 3.2%
10 Year
15 Year
Since launch 10.4%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Rohit Singhania16 Jul 154.46 Yr.

Data below for DSP BlackRock Tax Saver Fund as on 29 Feb 20

Equity Sector Allocation
SectorValue
Financial Services28.25%
Basic Materials10.21%
Consumer Cyclical9.58%
Energy9.23%
Industrials8.17%
Technology7.03%
Health Care6.82%
Communication Services6.57%
Utility4.89%
Consumer Defensive4.6%
Real Estate1.45%
Asset Allocation
Asset ClassValue
Cash3.2%
Equity96.8%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK
7%₹473 Cr8,989,466
↑ 717,008
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK
7%₹435 Cr3,545,249
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jul 19 | BHARTIARTL
6%₹353 Cr7,105,725
↑ 638,291
Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 532215
5%₹317 Cr4,343,049
↑ 291,760
Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY
4%₹286 Cr3,685,639
↓ -295,570
Reliance Industries Ltd (Energy)
Equity, Since 31 May 15 | RELIANCE
4%₹233 Cr1,652,795
State Bank of India (Financial Services)
Equity, Since 30 Sep 19 | SBIN
3%₹196 Cr6,161,541
↓ -1,869,239
UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 May 14 | ULTRACEMCO
3%₹175 Cr397,237
↑ 52,943
Bharat Petroleum Corp Ltd (Energy)
Equity, Since 30 Sep 19 | 500547
2%₹145 Cr3,162,904
↑ 246,670
Crompton Greaves Consumer Electricals Ltd (Consumer Cyclical)
Equity, Since 31 Jul 19 | CROMPTON
2%₹143 Cr5,035,792

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 10.2% since its launch.  Ranked 7 in ELSS category.  Return for 2019 was 4.6% , 2018 was -8.1% and 2017 was 42.3% .

Below is the key information for L&T Tax Advantage Fund

L&T Tax Advantage Fund
Growth
Launch Date 27 Feb 06
NAV (27 Mar 20) ₹39.047 ↓ -0.06   (-0.15 %)
Net Assets (Cr) ₹3,206 on 29 Feb 20
Category Equity - ELSS
AMC L&T Investment Management Ltd
Rating
Risk Moderately High
Expense Ratio 2.21
Sharpe Ratio 0.26
Information Ratio -0.56
Alpha Ratio 1.42
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
28 Feb 15₹10,000
29 Feb 16₹8,492
28 Feb 17₹11,758
28 Feb 18₹14,784
28 Feb 19₹13,116
29 Feb 20₹13,911

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 ₹315,615.
Net Profit of ₹15,615
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 27 Mar 20

DurationReturns
1 Month -28.6%
3 Month -29.6%
6 Month -25.9%
1 Year -26.3%
3 Year -4.9%
5 Year 1.2%
10 Year
15 Year
Since launch 10.2%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Venugopal Manghat17 Dec 190.04 Yr.
Vihang Naik17 Dec 190.04 Yr.

Data below for L&T Tax Advantage Fund as on 29 Feb 20

Equity Sector Allocation
SectorValue
Financial Services34.92%
Basic Materials12.47%
Technology11.14%
Health Care10.31%
Consumer Cyclical9.73%
Industrials8.01%
Energy4.27%
Consumer Defensive3.69%
Communication Services3.5%
Asset Allocation
Asset ClassValue
Cash1.57%
Equity97.76%
Other0.67%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK
7%₹228 Cr4,329,000
↓ -655,600
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK
5%₹180 Cr1,470,500
↓ -281,300
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | KOTAKBANK
4%₹141 Cr834,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 09 | TCS
4%₹132 Cr635,000
↓ -112,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCE
4%₹120 Cr853,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 17 | BHARTIARTL
4%₹119 Cr2,403,800
↑ 189,600
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 06 | LT
3%₹117 Cr853,000
Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY
3%₹106 Cr1,370,200
HCL Technologies Ltd (Technology)
Equity, Since 30 Sep 17 | HCLTECH
3%₹104 Cr1,758,400
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 May 17 | HDFC
3%₹96 Cr399,000

5. Invesco India Tax Plan

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 CAGR/Annualized return of 11.3% since its launch.  Ranked 17 in ELSS category.  Return for 2019 was 9.4% , 2018 was -1.3% and 2017 was 35.7% .

Below is the key information for Invesco India Tax Plan

Invesco India Tax Plan
Growth
Launch Date 29 Dec 06
NAV (27 Mar 20) ₹41.04 ↓ -0.21   (-0.51 %)
Net Assets (Cr) ₹1,028 on 29 Feb 20
Category Equity - ELSS
AMC Invesco Asset Management (India) Private Ltd
Rating
Risk Moderately High
Expense Ratio 2.39
Sharpe Ratio 0.75
Information Ratio 0.61
Alpha Ratio 7.6
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
28 Feb 15₹10,000
29 Feb 16₹8,344
28 Feb 17₹10,902
28 Feb 18₹13,372
28 Feb 19₹13,118
29 Feb 20₹14,768

Invesco India Tax Plan SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹331,978.
Net Profit of ₹31,978
Invest Now

Returns for Invesco India Tax Plan

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Mar 20

DurationReturns
1 Month -25.6%
3 Month -23.7%
6 Month -19.6%
1 Year -18.9%
3 Year 0.6%
5 Year 3%
10 Year
15 Year
Since launch 11.3%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Amit Ganatra29 Mar 181.76 Yr.
Dhimant Kothari29 Mar 181.76 Yr.

Data below for Invesco India Tax Plan as on 29 Feb 20

Equity Sector Allocation
SectorValue
Financial Services38.03%
Consumer Cyclical9.98%
Technology9.43%
Energy9.06%
Industrials6.76%
Health Care6.14%
Consumer Defensive6.1%
Basic Materials5.47%
Utility2.74%
Communication Services1.93%
Asset Allocation
Asset ClassValue
Cash3.31%
Equity96.69%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK
9%₹92 Cr784,840
↑ 73,161
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE
8%₹86 Cr648,343
↑ 59,987
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK
8%₹79 Cr1,596,951
↑ 45,035
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 18 | HDFC
7%₹69 Cr314,892
↑ 25,771
Triparty Repo
CBLO/Reverse Repo | -
6%₹58 Cr
Infosys Ltd (Technology)
Equity, Since 31 Dec 19 | INFY
5%₹52 Cr704,542
↑ 26,418
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 19 | KOTAKBANK
4%₹40 Cr243,874
Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Jul 18 | 500034
3%₹34 Cr76,739
↑ 12,674
Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | 532215
3%₹33 Cr470,681
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Jun 19 | 500696
3%₹33 Cr149,509

6. Kotak Tax Saver Scheme

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 Scheme 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 9% since its launch.  Ranked 19 in ELSS category.  Return for 2019 was 12.7% , 2018 was -3.8% and 2017 was 33.8% .

Below is the key information for Kotak Tax Saver Scheme

Kotak Tax Saver Scheme
Growth
Launch Date 23 Nov 05
NAV (27 Mar 20) ₹34.245 ↓ -0.05   (-0.14 %)
Net Assets (Cr) ₹1,135 on 29 Feb 20
Category Equity - ELSS
AMC Kotak Mahindra Asset Management Co Ltd
Rating
Risk Moderately High
Expense Ratio 2.4
Sharpe Ratio 0.62
Information Ratio 0.17
Alpha Ratio 6.8
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
28 Feb 15₹10,000
29 Feb 16₹8,141
28 Feb 17₹11,311
28 Feb 18₹12,863
28 Feb 19₹12,848
29 Feb 20₹14,324

Kotak Tax Saver Scheme SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹323,701.
Net Profit of ₹23,701
Invest Now

Returns for Kotak Tax Saver Scheme

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Mar 20

DurationReturns
1 Month -27.3%
3 Month -26.9%
6 Month -22.9%
1 Year -20.7%
3 Year -2.4%
5 Year 2.1%
10 Year
15 Year
Since launch 9%
Historical performance (Yearly) on absolute basis
YearReturns
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 Scheme
NameSinceTenure
Harsha Upadhyaya25 Aug 153.44 Yr.

Data below for Kotak Tax Saver Scheme as on 29 Feb 20

Equity Sector Allocation
SectorValue
Financial Services26.92%
Basic Materials19.12%
Industrials17.63%
Energy7.49%
Consumer Defensive7.42%
Technology6.28%
Consumer Cyclical5.96%
Utility3.71%
Health Care3.29%
Asset Allocation
Asset ClassValue
Cash1.97%
Equity98%
Other0.02%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
7%₹75 Cr1,500,000
↑ 100,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE
5%₹62 Cr464,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK
5%₹57 Cr480,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | 532215
5%₹54 Cr775,000
GlaxoSmithKline Consumer Healthcare Ltd (Consumer Defensive)
Equity, Since 30 Nov 17 | 500676
5%₹52 Cr55,000
↑ 10,000
AU Small Finance Bank Ltd (Financial Services)
Equity, Since 30 Jun 17 | 540611
4%₹47 Cr400,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 14 | LT
4%₹42 Cr350,000
SRF Ltd (Basic Materials)
Equity, Since 30 Apr 16 | SRF
4%₹41 Cr105,000
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Mar 19 | KOTAKBANK
3%₹32 Cr200,000
↑ 10,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 18 | TCS
3%₹30 Cr150,000

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?

  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.
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