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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
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 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 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 Scheme 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 Scheme Returns up to 1 year are on Fund NAV Net 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 -1.2 3.6 13.6 IDFC Tax Advantage (ELSS) Fund Growth ₹37.2
↓ -0.12 ₹2,060 -32.4 -31 -33.5 -6 -1.1 1.9 DSP BlackRock Tax Saver Fund Growth ₹36.792
↑ 0.04 ₹6,096 -28.9 -25.9 -22.8 -2.8 3.2 14.8 L&T Tax Advantage Fund Growth ₹39.047
↓ -0.06 ₹3,206 -29.6 -25.9 -26.3 -4.9 1.2 4.6 Invesco India Tax Plan Growth ₹41.04
↓ -0.21 ₹1,028 -23.7 -19.6 -18.9 0.6 3 9.4 Kotak Tax Saver Scheme Growth ₹34.245
↓ -0.05 ₹1,135 -26.9 -22.9 -20.7 -2.4 2.1 12.7 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 27 Mar 20 1. Tata India Tax Savings Fund
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% . 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.
Date Value 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 Returns for Tata India Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Mar 20 Duration Returns 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
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 4.59 Yr. Ennette Fernandes 18 Jun 18 1.37 Yr. Data below for Tata India Tax Savings Fund as on 29 Feb 20
Equity Sector Allocation
Sector Value Financial Services 40.83% Consumer Cyclical 10.91% Energy 9.34% Technology 8.88% Industrials 8.03% Basic Materials 4.57% Health Care 4.13% Communication Services 2.92% Consumer Defensive 2.34% Real Estate 0.84% Asset Allocation
Asset Class Value Cash 7.19% Equity 92.81% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK9% ₹189 Cr 3,800,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN8% ₹161 Cr 5,325,000 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK7% ₹151 Cr 1,282,000 (A) Treps
CBLO/Reverse Repo | -6% ₹125 Cr Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC6% ₹123 Cr 565,000 Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY6% ₹123 Cr 1,680,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE6% ₹116 Cr 870,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322155% ₹105 Cr 1,500,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 19 | BHARTIARTL3% ₹60 Cr 1,150,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 18 | TCS3% ₹60 Cr 300,000 2. IDFC Tax Advantage (ELSS) Fund
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% . 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.
Date Value 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
Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Mar 20 Duration Returns 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
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 3.2 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 29 Feb 20
Equity Sector Allocation
Sector Value Financial Services 28.56% Industrials 16.82% Consumer Cyclical 12.92% Basic Materials 12.69% Technology 8.21% Energy 5.74% Health Care 4.32% Consumer Defensive 3.15% Utility 1.39% Communication Services 1.21% Asset Allocation
Asset Class Value Cash 3.98% Equity 96.02% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK8% ₹159 Cr 3,200,000 Triparty Repo
CBLO/Reverse Repo | -4% ₹85 Cr Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE4% ₹83 Cr 625,000
↑ 25,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY4% ₹82 Cr 1,125,000 State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN4% ₹82 Cr 2,700,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK4% ₹80 Cr 680,000 Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 18 | 5322153% ₹70 Cr 1,000,000 RBL Bank Ltd (Financial Services)
Equity, Since 31 Aug 16 | RBLBANK3% ₹54 Cr 1,850,000 Deepak Nitrite Ltd (Basic Materials)
Equity, Since 31 Mar 17 | 5064012% ₹51 Cr 1,110,000
↓ -70,000 KEC International Ltd (Industrials)
Equity, Since 30 Sep 15 | 5327142% ₹51 Cr 1,650,000 3. DSP BlackRock Tax Saver Fund
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% . 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.
Date Value 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 Returns for DSP BlackRock Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Mar 20 Duration Returns 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
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 4.46 Yr. Data below for DSP BlackRock Tax Saver Fund as on 29 Feb 20
Equity Sector Allocation
Sector Value Financial Services 28.25% Basic Materials 10.21% Consumer Cyclical 9.58% Energy 9.23% Industrials 8.17% Technology 7.03% Health Care 6.82% Communication Services 6.57% Utility 4.89% Consumer Defensive 4.6% Real Estate 1.45% Asset Allocation
Asset Class Value Cash 3.2% Equity 96.8% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK7% ₹473 Cr 8,989,466
↑ 717,008 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK7% ₹435 Cr 3,545,249 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jul 19 | BHARTIARTL6% ₹353 Cr 7,105,725
↑ 638,291 Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 5322155% ₹317 Cr 4,343,049
↑ 291,760 Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY4% ₹286 Cr 3,685,639
↓ -295,570 Reliance Industries Ltd (Energy)
Equity, Since 31 May 15 | RELIANCE4% ₹233 Cr 1,652,795 State Bank of India (Financial Services)
Equity, Since 30 Sep 19 | SBIN3% ₹196 Cr 6,161,541
↓ -1,869,239 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 May 14 | ULTRACEMCO3% ₹175 Cr 397,237
↑ 52,943 Bharat Petroleum Corp Ltd (Energy)
Equity, Since 30 Sep 19 | 5005472% ₹145 Cr 3,162,904
↑ 246,670 Crompton Greaves Consumer Electricals Ltd (Consumer Cyclical)
Equity, Since 31 Jul 19 | CROMPTON2% ₹143 Cr 5,035,792 4. L&T Tax Advantage Fund
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% . 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.
Date Value 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 Returns for L&T Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Mar 20 Duration Returns 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
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 0.04 Yr. Vihang Naik 17 Dec 19 0.04 Yr. Data below for L&T Tax Advantage Fund as on 29 Feb 20
Equity Sector Allocation
Sector Value Financial Services 34.92% Basic Materials 12.47% Technology 11.14% Health Care 10.31% Consumer Cyclical 9.73% Industrials 8.01% Energy 4.27% Consumer Defensive 3.69% Communication Services 3.5% Asset Allocation
Asset Class Value Cash 1.57% Equity 97.76% Other 0.67% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK7% ₹228 Cr 4,329,000
↓ -655,600 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK5% ₹180 Cr 1,470,500
↓ -281,300 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | KOTAKBANK4% ₹141 Cr 834,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 09 | TCS4% ₹132 Cr 635,000
↓ -112,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCE4% ₹120 Cr 853,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 17 | BHARTIARTL4% ₹119 Cr 2,403,800
↑ 189,600 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 06 | LT3% ₹117 Cr 853,000 Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY3% ₹106 Cr 1,370,200 HCL Technologies Ltd (Technology)
Equity, Since 30 Sep 17 | HCLTECH3% ₹104 Cr 1,758,400 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 May 17 | HDFC3% ₹96 Cr 399,000 5. Invesco India Tax Plan
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% . 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.
Date Value 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 Returns for Invesco India Tax Plan
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Mar 20 Duration Returns 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
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 Ganatra 29 Mar 18 1.76 Yr. Dhimant Kothari 29 Mar 18 1.76 Yr. Data below for Invesco India Tax Plan as on 29 Feb 20
Equity Sector Allocation
Sector Value Financial Services 38.03% Consumer Cyclical 9.98% Technology 9.43% Energy 9.06% Industrials 6.76% Health Care 6.14% Consumer Defensive 6.1% Basic Materials 5.47% Utility 2.74% Communication Services 1.93% Asset Allocation
Asset Class Value Cash 3.31% Equity 96.69% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK9% ₹92 Cr 784,840
↑ 73,161 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE8% ₹86 Cr 648,343
↑ 59,987 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK8% ₹79 Cr 1,596,951
↑ 45,035 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 18 | HDFC7% ₹69 Cr 314,892
↑ 25,771 Triparty Repo
CBLO/Reverse Repo | -6% ₹58 Cr Infosys Ltd (Technology)
Equity, Since 31 Dec 19 | INFY5% ₹52 Cr 704,542
↑ 26,418 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 19 | KOTAKBANK4% ₹40 Cr 243,874 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Jul 18 | 5000343% ₹34 Cr 76,739
↑ 12,674 Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | 5322153% ₹33 Cr 470,681 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Jun 19 | 5006963% ₹33 Cr 149,509 6. Kotak Tax Saver Scheme
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% . 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.
Date Value 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 Returns for Kotak Tax Saver Scheme
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Mar 20 Duration Returns 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
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 Scheme
Name Since Tenure Harsha Upadhyaya 25 Aug 15 3.44 Yr. Data below for Kotak Tax Saver Scheme as on 29 Feb 20
Equity Sector Allocation
Sector Value Financial Services 26.92% Basic Materials 19.12% Industrials 17.63% Energy 7.49% Consumer Defensive 7.42% Technology 6.28% Consumer Cyclical 5.96% Utility 3.71% Health Care 3.29% Asset Allocation
Asset Class Value Cash 1.97% Equity 98% Other 0.02% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK7% ₹75 Cr 1,500,000
↑ 100,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE5% ₹62 Cr 464,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK5% ₹57 Cr 480,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | 5322155% ₹54 Cr 775,000 GlaxoSmithKline Consumer Healthcare Ltd (Consumer Defensive)
Equity, Since 30 Nov 17 | 5006765% ₹52 Cr 55,000
↑ 10,000 AU Small Finance Bank Ltd (Financial Services)
Equity, Since 30 Jun 17 | 5406114% ₹47 Cr 400,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 14 | LT4% ₹42 Cr 350,000 SRF Ltd (Basic Materials)
Equity, Since 30 Apr 16 | SRF4% ₹41 Cr 105,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Mar 19 | KOTAKBANK3% ₹32 Cr 200,000
↑ 10,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 18 | TCS3% ₹30 Cr 150,000
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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