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6 Best Performing Tax Saving Mutual Funds 2024 | Fincash.com

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6 Best Performing Tax Saving Mutual Funds 2024

Updated on May 25, 2024 , 2915 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 (%)2023 (%)
IDFC Tax Advantage (ELSS) Fund Growth ₹142.897
↓ -0.68
₹6,4323.918.334.419.919.728.3
Tata India Tax Savings Fund Growth ₹39.8829
↑ 0.10
₹4,1975.818.23418.116.324
L&T Tax Advantage Fund Growth ₹120.788
↑ 0.35
₹3,88911.72843.419.61728.4
Principal Tax Savings Fund Growth ₹465.95
↑ 0.36
₹1,2876.418.734.118.516.824.5
BOI AXA Tax Advantage Fund Growth ₹163.96
↑ 0.30
₹1,29810.332.257.724.525.934.8
Kotak Tax Saver Fund Growth ₹111.263
↓ -0.22
₹5,60810.826.841.521.419.423.6
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 27 May 24
*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 18.8% since its launch.  Ranked 3 in ELSS category.  Return for 2023 was 28.3% , 2022 was 4.2% and 2021 was 49.2% .

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

IDFC Tax Advantage (ELSS) Fund
Growth
Launch Date 26 Dec 08
NAV (27 May 24) ₹142.897 ↓ -0.68   (-0.47 %)
Net Assets (Cr) ₹6,432 on 30 Apr 24
Category Equity - ELSS
AMC IDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 1.95
Sharpe Ratio 2.78
Information Ratio 0.32
Alpha Ratio 3.8
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Apr 19₹10,000
30 Apr 20₹7,735
30 Apr 21₹13,721
30 Apr 22₹17,331
30 Apr 23₹18,014
30 Apr 24₹24,954

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 ₹493,520.
Net Profit of ₹193,520
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 27 May 24

DurationReturns
1 Month 2%
3 Month 3.9%
6 Month 18.3%
1 Year 34.4%
3 Year 19.9%
5 Year 19.7%
10 Year
15 Year
Since launch 18.8%
Historical performance (Yearly) on absolute basis
YearReturns
2023 28.3%
2022 4.2%
2021 49.2%
2020 18.7%
2019 1.9%
2018 -9.4%
2017 53.4%
2016 0.4%
2015 6.9%
2014 42.2%
Fund Manager information for IDFC Tax Advantage (ELSS) Fund
NameSinceTenure
Daylynn Pinto20 Oct 167.53 Yr.
Ritika Behera7 Oct 230.56 Yr.

Data below for IDFC Tax Advantage (ELSS) Fund as on 30 Apr 24

Equity Sector Allocation
SectorValue
Financial Services27.63%
Consumer Cyclical12.67%
Industrials11.34%
Health Care8.73%
Basic Materials8.34%
Consumer Defensive8.06%
Technology7.54%
Energy6.01%
Communication Services3.13%
Utility3.06%
Real Estate0.99%
Asset Allocation
Asset ClassValue
Cash2.51%
Equity97.49%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK
6%₹357 Cr2,350,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK
5%₹345 Cr3,000,000
↓ -400,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE
5%₹323 Cr1,100,000
Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | 532215
4%₹268 Cr2,300,000
↑ 100,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY
3%₹199 Cr1,400,000
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
3%₹198 Cr2,400,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL
2%₹159 Cr1,200,000
↓ -75,000
NTPC Ltd (Utilities)
Equity, Since 30 Sep 22 | 532555
2%₹145 Cr4,000,000
Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS
2%₹141 Cr1,400,000
Jindal Steel & Power Ltd (Basic Materials)
Equity, Since 31 Mar 18 | 532286
2%₹139 Cr1,500,000

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 15.5% since its launch.  Ranked 1 in ELSS category.  Return for 2023 was 24% , 2022 was 5.9% and 2021 was 30.4% .

Below is the key information for Tata India Tax Savings Fund

Tata India Tax Savings Fund
Growth
Launch Date 13 Oct 14
NAV (27 May 24) ₹39.8829 ↑ 0.10   (0.24 %)
Net Assets (Cr) ₹4,197 on 30 Apr 24
Category Equity - ELSS
AMC Tata Asset Management Limited
Rating
Risk Moderately High
Expense Ratio 1.75
Sharpe Ratio 2.22
Information Ratio -0.36
Alpha Ratio -2.77
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Apr 19₹10,000
30 Apr 20₹8,621
30 Apr 21₹12,683
30 Apr 22₹15,084
30 Apr 23₹15,997
30 Apr 24₹21,551

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 ₹458,689.
Net Profit of ₹158,689
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 May 24

DurationReturns
1 Month 2.5%
3 Month 5.8%
6 Month 18.2%
1 Year 34%
3 Year 18.1%
5 Year 16.3%
10 Year
15 Year
Since launch 15.5%
Historical performance (Yearly) on absolute basis
YearReturns
2023 24%
2022 5.9%
2021 30.4%
2020 11.9%
2019 13.6%
2018 -8.4%
2017 46%
2016 2.1%
2015 13.3%
2014
Fund Manager information for Tata India Tax Savings Fund
NameSinceTenure
Sailesh Jain16 Dec 212.38 Yr.
Tejas Gutka9 Mar 213.15 Yr.

Data below for Tata India Tax Savings Fund as on 30 Apr 24

Equity Sector Allocation
SectorValue
Financial Services32.15%
Industrials15.73%
Consumer Cyclical13.42%
Technology7.26%
Basic Materials7.1%
Energy4.72%
Communication Services4.61%
Health Care4.13%
Utility3.63%
Real Estate2.46%
Consumer Defensive1.93%
Asset Allocation
Asset ClassValue
Cash2.86%
Equity97.14%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK
8%₹328 Cr2,160,000
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK
6%₹267 Cr2,325,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE
5%₹198 Cr675,000
State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN
4%₹180 Cr2,175,000
↓ -325,000
Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY
4%₹165 Cr1,160,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 532215
4%₹152 Cr1,300,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 16 | LT
3%₹127 Cr352,147
NTPC Ltd (Utilities)
Equity, Since 30 Jun 21 | 532555
3%₹125 Cr3,451,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 19 | BHARTIARTL
3%₹124 Cr940,000
Samvardhana Motherson International Ltd (Consumer Cyclical)
Equity, Since 30 Nov 22 | MOTHERSON
2%₹89 Cr6,800,000

3. 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 14.6% since its launch.  Ranked 7 in ELSS category.  Return for 2023 was 28.4% , 2022 was -3% and 2021 was 30.3% .

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

L&T Tax Advantage Fund
Growth
Launch Date 27 Feb 06
NAV (27 May 24) ₹120.788 ↑ 0.35   (0.29 %)
Net Assets (Cr) ₹3,889 on 30 Apr 24
Category Equity - ELSS
AMC L&T Investment Management Ltd
Rating
Risk Moderately High
Expense Ratio 1.98
Sharpe Ratio 2.85
Information Ratio -0.13
Alpha Ratio 6.1
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Apr 19₹10,000
30 Apr 20₹8,402
30 Apr 21₹12,591
30 Apr 22₹14,387
30 Apr 23₹15,046
30 Apr 24₹21,653

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 ₹470,047.
Net Profit of ₹170,047
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 May 24

DurationReturns
1 Month 5.6%
3 Month 11.7%
6 Month 28%
1 Year 43.4%
3 Year 19.6%
5 Year 17%
10 Year
15 Year
Since launch 14.6%
Historical performance (Yearly) on absolute basis
YearReturns
2023 28.4%
2022 -3%
2021 30.3%
2020 13.5%
2019 4.6%
2018 -8.1%
2017 42.3%
2016 8.1%
2015 2.9%
2014 44.8%
Fund Manager information for L&T Tax Advantage Fund
NameSinceTenure
Gautam Bhupal26 Nov 221.43 Yr.
Sonal Gupta21 Jul 212.78 Yr.
Abhishek Gupta1 Mar 240.16 Yr.

Data below for L&T Tax Advantage Fund as on 30 Apr 24

Equity Sector Allocation
SectorValue
Financial Services22.39%
Industrials22.18%
Consumer Cyclical18.29%
Technology9.35%
Energy5.99%
Basic Materials5.19%
Health Care4.86%
Utility3.91%
Real Estate3.15%
Consumer Defensive2%
Communication Services1.59%
Asset Allocation
Asset ClassValue
Cash1.07%
Equity98.93%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK
5%₹177 Cr1,162,500
↑ 190,800
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 21 | RELIANCE
4%₹158 Cr537,600
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jul 22 | LT
4%₹143 Cr398,200
↓ -49,400
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK
3%₹133 Cr1,155,500
KPIT Technologies Ltd (Technology)
Equity, Since 30 Sep 21 | KPITTECH
3%₹99 Cr662,200
Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY
2%₹88 Cr622,100
Trent Ltd (Consumer Cyclical)
Equity, Since 30 Nov 23 | 500251
2%₹88 Cr199,227
Zomato Ltd (Consumer Cyclical)
Equity, Since 31 Oct 23 | 543320
2%₹82 Cr4,258,282
CG Power & Industrial Solutions Ltd (Industrials)
Equity, Since 30 Apr 22 | 500093
2%₹80 Cr1,449,300
↓ -657,700
Persistent Systems Ltd (Technology)
Equity, Since 31 Jul 21 | PERSISTENT
2%₹79 Cr233,900
↓ -47,300

4. Principal Tax Savings Fund

To build a high quality growth-oriented portfolio to provide long-term capital gains to the investors, the scheme aims at providing returns through capital appreciation.

Principal Tax Savings Fund is a Equity - ELSS fund was launched on 31 Mar 96. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 16.3% since its launch.  Ranked 8 in ELSS category.  Return for 2023 was 24.5% , 2022 was 4.3% and 2021 was 32.1% .

Below is the key information for Principal Tax Savings Fund

Principal Tax Savings Fund
Growth
Launch Date 31 Mar 96
NAV (27 May 24) ₹465.95 ↑ 0.36   (0.08 %)
Net Assets (Cr) ₹1,287 on 30 Apr 24
Category Equity - ELSS
AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd.
Rating
Risk Moderately High
Expense Ratio 2.36
Sharpe Ratio 2.51
Information Ratio -0.04
Alpha Ratio 0.94
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Apr 19₹10,000
30 Apr 20₹8,312
30 Apr 21₹12,608
30 Apr 22₹15,410
30 Apr 23₹16,148
30 Apr 24₹22,001

Principal 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 ₹458,689.
Net Profit of ₹158,689
Invest Now

Returns for Principal 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 May 24

DurationReturns
1 Month 2.5%
3 Month 6.4%
6 Month 18.7%
1 Year 34.1%
3 Year 18.5%
5 Year 16.8%
10 Year
15 Year
Since launch 16.3%
Historical performance (Yearly) on absolute basis
YearReturns
2023 24.5%
2022 4.3%
2021 32.1%
2020 18.9%
2019 2.5%
2018 -9.2%
2017 48.8%
2016 6.2%
2015 2.7%
2014 49.4%
Fund Manager information for Principal Tax Savings Fund
NameSinceTenure
Sudhir Kedia29 Oct 194.51 Yr.
Rohit Seksaria1 Jan 222.33 Yr.

Data below for Principal Tax Savings Fund as on 30 Apr 24

Equity Sector Allocation
SectorValue
Financial Services31.94%
Consumer Cyclical10.88%
Industrials10.3%
Technology9.22%
Consumer Defensive8.19%
Health Care7.91%
Energy6.25%
Communication Services5.01%
Basic Materials4.98%
Real Estate0.44%
Asset Allocation
Asset ClassValue
Cash4.86%
Equity95.13%
Other0%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK
7%₹92 Cr606,077
Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 21 | RELIANCE
6%₹80 Cr274,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
6%₹76 Cr661,000
Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY
3%₹44 Cr313,000
Force Motors Ltd (Consumer Cyclical)
Equity, Since 30 Nov 21 | 500033
3%₹37 Cr39,000
↓ -11,500
State Bank of India (Financial Services)
Equity, Since 30 Apr 05 | SBIN
3%₹37 Cr444,000
Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 17 | 532215
3%₹36 Cr311,000
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Aug 15 | SUNPHARMA
3%₹33 Cr217,000
↓ -16,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 13 | LT
2%₹32 Cr89,021
Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 21 | TATAMOTORS
2%₹29 Cr288,000

5. BOI AXA Tax Advantage Fund

The Scheme seeks to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities across all market capitalisations. The Scheme is in the nature of diversified multi-cap fund. The Scheme is not providing any assured or guaranteed returns.(There can be no assurance that the investment objectives of the Scheme will be realized.)

BOI AXA Tax Advantage Fund is a Equity - ELSS fund was launched on 25 Feb 09. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 20.1% since its launch.  Ranked 13 in ELSS category.  Return for 2023 was 34.8% , 2022 was -1.3% and 2021 was 41.5% .

Below is the key information for BOI AXA Tax Advantage Fund

BOI AXA Tax Advantage Fund
Growth
Launch Date 25 Feb 09
NAV (27 May 24) ₹163.96 ↑ 0.30   (0.18 %)
Net Assets (Cr) ₹1,298 on 30 Apr 24
Category Equity - ELSS
AMC BOI AXA Investment Mngrs Private Ltd
Rating
Risk Moderately High
Expense Ratio 2.49
Sharpe Ratio 3.02
Information Ratio 0.7
Alpha Ratio 8.56
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Apr 19₹10,000
30 Apr 20₹10,168
30 Apr 21₹16,354
30 Apr 22₹19,161
30 Apr 23₹20,449
30 Apr 24₹31,762

BOI AXA 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 ₹570,326.
Net Profit of ₹270,326
Invest Now

Returns for BOI AXA 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 May 24

DurationReturns
1 Month 3.7%
3 Month 10.3%
6 Month 32.2%
1 Year 57.7%
3 Year 24.5%
5 Year 25.9%
10 Year
15 Year
Since launch 20.1%
Historical performance (Yearly) on absolute basis
YearReturns
2023 34.8%
2022 -1.3%
2021 41.5%
2020 31.2%
2019 14.6%
2018 -16.3%
2017 57.7%
2016 -1.2%
2015 2.1%
2014 44%
Fund Manager information for BOI AXA Tax Advantage Fund
NameSinceTenure
Alok Singh27 Apr 222.01 Yr.

Data below for BOI AXA Tax Advantage Fund as on 30 Apr 24

Equity Sector Allocation
SectorValue
Financial Services27%
Industrials16.43%
Basic Materials15.59%
Consumer Cyclical11.87%
Health Care6.38%
Energy6.29%
Technology4.49%
Utility4.19%
Consumer Defensive3.89%
Real Estate1.96%
Asset Allocation
Asset ClassValue
Cash1.87%
Equity98.09%
Debt0.04%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN
4%₹57 Cr695,000
↑ 35,000
Canara Bank (Financial Services)
Equity, Since 31 Aug 22 | 532483
4%₹46 Cr745,000
Vedanta Ltd (Basic Materials)
Equity, Since 31 Mar 24 | 500295
3%₹45 Cr1,134,000
↑ 214,000
Oil India Ltd (Energy)
Equity, Since 31 Mar 23 | OIL
3%₹44 Cr702,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK
3%₹39 Cr255,000
↓ -25,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE
3%₹38 Cr130,000
Bank of Baroda (Financial Services)
Equity, Since 31 Oct 22 | 532134
3%₹36 Cr1,286,338
↑ 50,000
Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Jul 23 | HAL
3%₹34 Cr86,000
NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | 532555
3%₹33 Cr920,000
HEG Ltd (Industrials)
Equity, Since 31 Dec 22 | HEG
2%₹31 Cr130,000

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 13.9% since its launch.  Ranked 19 in ELSS category.  Return for 2023 was 23.6% , 2022 was 6.9% and 2021 was 33.2% .

Below is the key information for Kotak Tax Saver Fund

Kotak Tax Saver Fund
Growth
Launch Date 23 Nov 05
NAV (27 May 24) ₹111.263 ↓ -0.22   (-0.20 %)
Net Assets (Cr) ₹5,608 on 30 Apr 24
Category Equity - ELSS
AMC Kotak Mahindra Asset Management Co Ltd
Rating
Risk Moderately High
Expense Ratio 1.97
Sharpe Ratio 3.05
Information Ratio 0.29
Alpha Ratio 6.71
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Apr 19₹10,000
30 Apr 20₹8,751
30 Apr 21₹13,364
30 Apr 22₹15,912
30 Apr 23₹17,272
30 Apr 24₹24,141

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 ₹493,520.
Net Profit of ₹193,520
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 27 May 24

DurationReturns
1 Month 4.6%
3 Month 10.8%
6 Month 26.8%
1 Year 41.5%
3 Year 21.4%
5 Year 19.4%
10 Year
15 Year
Since launch 13.9%
Historical performance (Yearly) on absolute basis
YearReturns
2023 23.6%
2022 6.9%
2021 33.2%
2020 14.9%
2019 12.7%
2018 -3.8%
2017 33.8%
2016 7.5%
2015 1.5%
2014 56.6%
Fund Manager information for Kotak Tax Saver Fund
NameSinceTenure
Harsha Upadhyaya25 Aug 158.69 Yr.

Data below for Kotak Tax Saver Fund as on 30 Apr 24

Equity Sector Allocation
SectorValue
Financial Services23.09%
Industrials19.26%
Consumer Cyclical14.04%
Basic Materials13.69%
Utility7.53%
Energy6.81%
Health Care4.15%
Technology3.83%
Consumer Defensive3.04%
Communication Services2.95%
Asset Allocation
Asset ClassValue
Cash1.59%
Equity98.41%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 21 | MARUTI
5%₹288 Cr225,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 23 | HDFCBANK
5%₹266 Cr1,750,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
4%₹242 Cr2,100,000
State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN
4%₹223 Cr2,700,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 14 | LT
4%₹212 Cr588,501
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | 532215
4%₹210 Cr1,800,000
NTPC Ltd (Utilities)
Equity, Since 30 Sep 22 | 532555
3%₹182 Cr5,000,000
Linde India Ltd (Basic Materials)
Equity, Since 31 Oct 16 | 523457
3%₹165 Cr200,000
Bosch Ltd (Consumer Cyclical)
Equity, Since 28 Feb 23 | 500530
3%₹153 Cr52,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE
3%₹147 Cr500,000

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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