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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 February 28, 2024 , 2787 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 ₹137.869
↑ 1.23
₹5,97610.915.739.522.521.428.3
Tata India Tax Savings Fund Growth ₹37.8277
↑ 0.44
₹3,9878.713.131.51717.424
L&T Tax Advantage Fund Growth ₹108.592
↑ 1.43
₹3,64411.818.338.717.816.628.4
Principal Tax Savings Fund Growth ₹440.735
↑ 4.92
₹1,1879.714.833.518.317.624.5
BOI AXA Tax Advantage Fund Growth ₹149.5
↑ 2.16
₹1,09016.529.452.924.22634.8
Invesco India Tax Plan Growth ₹107.35
↑ 0.97
₹2,51710.319.341.516.617.530.9
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 1 Mar 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 (01 Mar 24) ₹137.869 ↑ 1.23   (0.90 %)
Net Assets (Cr) ₹5,976 on 31 Jan 24
Category Equity - ELSS
AMC IDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 1.95
Sharpe Ratio 2.23
Information Ratio 0.82
Alpha Ratio 4.52
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
28 Feb 19₹10,000
29 Feb 20₹10,153
28 Feb 21₹14,343
28 Feb 22₹17,974
28 Feb 23₹18,911
29 Feb 24₹26,388

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 ₹518,033.
Net Profit of ₹218,033
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 1 Mar 24

DurationReturns
1 Month 2%
3 Month 10.9%
6 Month 15.7%
1 Year 39.5%
3 Year 22.5%
5 Year 21.4%
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 167.29 Yr.
Ritika Behera7 Oct 230.32 Yr.

Data below for IDFC Tax Advantage (ELSS) Fund as on 31 Jan 24

Equity Sector Allocation
SectorValue
Financial Services28.25%
Consumer Cyclical12.95%
Industrials11%
Technology8.99%
Basic Materials8.86%
Consumer Defensive7.81%
Health Care6.65%
Energy4.72%
Communication Services2.92%
Utility2.58%
Real Estate0.63%
Asset Allocation
Asset ClassValue
Cash4.64%
Equity95.36%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK
7%₹376 Cr2,200,000
↑ 300,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK
6%₹339 Cr3,400,000
↓ -400,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE
5%₹271 Cr1,050,000
↑ 50,000
Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | AXISBANK
4%₹243 Cr2,200,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY
4%₹216 Cr1,400,000
Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS
3%₹179 Cr2,300,000
↓ -100,000
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
3%₹148 Cr2,300,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL
2%₹132 Cr1,275,000
NTPC Ltd (Utilities)
Equity, Since 30 Sep 22 | NTPC
2%₹124 Cr4,000,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Oct 21 | TCS
2%₹122 Cr321,877
↓ -3,123

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 15.1% 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 (01 Mar 24) ₹37.8277 ↑ 0.44   (1.19 %)
Net Assets (Cr) ₹3,987 on 31 Jan 24
Category Equity - ELSS
AMC Tata Asset Management Limited
Rating
Risk Moderately High
Expense Ratio 1.75
Sharpe Ratio 1.66
Information Ratio -0.44
Alpha Ratio -2.15
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
28 Feb 19₹10,000
29 Feb 20₹10,916
28 Feb 21₹13,936
28 Feb 22₹16,090
28 Feb 23₹16,987
29 Feb 24₹22,339

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 ₹470,047.
Net Profit of ₹170,047
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 1 Mar 24

DurationReturns
1 Month 0.8%
3 Month 8.7%
6 Month 13.1%
1 Year 31.5%
3 Year 17%
5 Year 17.4%
10 Year
15 Year
Since launch 15.1%
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 212.13 Yr.
Tejas Gutka9 Mar 212.9 Yr.

Data below for Tata India Tax Savings Fund as on 31 Jan 24

Equity Sector Allocation
SectorValue
Financial Services32.9%
Industrials16.98%
Consumer Cyclical10.47%
Technology8.55%
Basic Materials6.92%
Communication Services4.46%
Energy4.41%
Health Care3.95%
Utility3.42%
Consumer Defensive2.73%
Real Estate1.47%
Asset Allocation
Asset ClassValue
Cash3.73%
Equity96.27%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK
9%₹369 Cr2,160,000
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK
6%₹232 Cr2,325,000
Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY
5%₹179 Cr1,160,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE
4%₹174 Cr675,000
State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN
4%₹161 Cr2,500,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | AXISBANK
4%₹143 Cr1,300,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 16 | LT
3%₹124 Cr352,147
Radico Khaitan Ltd (Consumer Defensive)
Equity, Since 30 Jun 22 | RADICO
3%₹108 Cr650,000
NTPC Ltd (Utilities)
Equity, Since 30 Jun 21 | NTPC
3%₹107 Cr3,451,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 19 | BHARTIARTL
2%₹97 Cr940,000

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 14.1% 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 (01 Mar 24) ₹108.592 ↑ 1.43   (1.34 %)
Net Assets (Cr) ₹3,644 on 31 Jan 24
Category Equity - ELSS
AMC L&T Investment Management Ltd
Rating
Risk Moderately High
Expense Ratio 1.98
Sharpe Ratio 2.34
Information Ratio -0.36
Alpha Ratio 6.14
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
28 Feb 19₹10,000
29 Feb 20₹10,606
28 Feb 21₹13,161
28 Feb 22₹15,213
28 Feb 23₹15,518
29 Feb 24₹21,516

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 ₹458,689.
Net Profit of ₹158,689
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 1 Mar 24

DurationReturns
1 Month 1.9%
3 Month 11.8%
6 Month 18.3%
1 Year 38.7%
3 Year 17.8%
5 Year 16.6%
10 Year
15 Year
Since launch 14.1%
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 221.18 Yr.
Cheenu Gupta2 Jul 212.59 Yr.
Sonal Gupta21 Jul 212.53 Yr.

Data below for L&T Tax Advantage Fund as on 31 Jan 24

Equity Sector Allocation
SectorValue
Financial Services26.95%
Industrials23.1%
Consumer Cyclical18.05%
Technology13.44%
Health Care5.18%
Energy3.53%
Utility2.7%
Basic Materials2.49%
Real Estate1.67%
Consumer Defensive1.46%
Asset Allocation
Asset ClassValue
Cash1.44%
Equity98.56%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK
7%₹247 Cr1,445,300
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jul 22 | LT
6%₹202 Cr574,100
KPIT Technologies Ltd (Technology)
Equity, Since 30 Sep 21 | KPITTECH
4%₹153 Cr1,012,500
↓ -47,300
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Dec 21 | CHOLAFIN
4%₹140 Cr1,114,400
Persistent Systems Ltd (Technology)
Equity, Since 31 Jul 21 | PERSISTENT
3%₹121 Cr163,900
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 21 | RELIANCE
3%₹117 Cr451,600
CG Power & Industrial Solutions Ltd (Industrials)
Equity, Since 30 Apr 22 | CGPOWER
3%₹113 Cr2,486,300
Bharat Electronics Ltd (Industrials)
Equity, Since 31 May 22 | BEL
3%₹101 Cr5,485,000
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK
3%₹97 Cr974,500
↓ -140,800
Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY
3%₹96 Cr622,100

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 16.2% 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 (01 Mar 24) ₹440.735 ↑ 4.92   (1.13 %)
Net Assets (Cr) ₹1,187 on 31 Jan 24
Category Equity - ELSS
AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd.
Rating
Risk Moderately High
Expense Ratio 2.36
Sharpe Ratio 1.51
Information Ratio -0.53
Alpha Ratio -4.03
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
28 Feb 19₹10,000
29 Feb 20₹10,204
28 Feb 21₹13,570
28 Feb 22₹16,380
28 Feb 23₹16,889
29 Feb 24₹22,498

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 ₹470,047.
Net Profit of ₹170,047
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 1 Mar 24

DurationReturns
1 Month 4.4%
3 Month 9.7%
6 Month 14.8%
1 Year 33.5%
3 Year 18.3%
5 Year 17.6%
10 Year
15 Year
Since launch 16.2%
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 194.26 Yr.
Rohit Seksaria1 Jan 222.08 Yr.

Data below for Principal Tax Savings Fund as on 31 Jan 24

Equity Sector Allocation
SectorValue
Financial Services34.2%
Consumer Cyclical11.02%
Technology10.61%
Industrials10.49%
Consumer Defensive8.69%
Health Care7.91%
Energy5.94%
Basic Materials4.51%
Communication Services2.92%
Real Estate0.46%
Asset Allocation
Asset ClassValue
Cash3.24%
Equity96.76%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK
9%₹104 Cr606,077
Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 21 | RELIANCE
6%₹71 Cr274,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
6%₹66 Cr661,000
Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY
4%₹48 Cr313,000
↓ -20,000
State Bank of India (Financial Services)
Equity, Since 30 Apr 05 | SBIN
3%₹35 Cr539,000
↓ -57,000
Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 17 | AXISBANK
3%₹34 Cr311,000
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Aug 15 | SUNPHARMA
2%₹29 Cr233,000
Polycab India Ltd (Industrials)
Equity, Since 30 Nov 20 | POLYCAB
2%₹25 Cr46,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 13 | LT
2%₹24 Cr69,021
Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Jul 23 | BAJFINANCE
2%₹23 Cr32,000

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 19.7% 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 (01 Mar 24) ₹149.5 ↑ 2.16   (1.47 %)
Net Assets (Cr) ₹1,090 on 31 Jan 24
Category Equity - ELSS
AMC BOI AXA Investment Mngrs Private Ltd
Rating
Risk Moderately High
Expense Ratio 2.49
Sharpe Ratio 2.25
Information Ratio 0.67
Alpha Ratio 6.21
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
28 Feb 19₹10,000
29 Feb 20₹12,243
28 Feb 21₹16,531
28 Feb 22₹20,178
28 Feb 23₹20,760
29 Feb 24₹31,625

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 ₹584,107.
Net Profit of ₹284,107
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 1 Mar 24

DurationReturns
1 Month 5%
3 Month 16.5%
6 Month 29.4%
1 Year 52.9%
3 Year 24.2%
5 Year 26%
10 Year
15 Year
Since launch 19.7%
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 221.77 Yr.

Data below for BOI AXA Tax Advantage Fund as on 31 Jan 24

Equity Sector Allocation
SectorValue
Financial Services39.37%
Industrials10.63%
Consumer Cyclical9.9%
Basic Materials7.88%
Health Care6.87%
Technology6.1%
Utility5.26%
Energy4.66%
Consumer Defensive3.33%
Real Estate2.71%
Asset Allocation
Asset ClassValue
Cash3.29%
Equity96.71%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK
6%₹58 Cr340,000
↑ 136,000
State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN
5%₹50 Cr780,000
Power Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 23 | PFC
5%₹48 Cr1,252,000
↓ -135,500
Canara Bank (Financial Services)
Equity, Since 31 Aug 22 | CANBK
4%₹39 Cr895,000
Bank of Baroda (Financial Services)
Equity, Since 31 Oct 22 | BANKBARODA
4%₹38 Cr1,650,000
NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | NTPC
4%₹38 Cr1,208,000
↓ -52,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE
3%₹34 Cr130,000
↑ 38,991
Union Bank of India (Financial Services)
Equity, Since 31 Dec 22 | 532477
3%₹32 Cr2,725,875
REC Ltd (Financial Services)
Equity, Since 30 Sep 23 | RECLTD
3%₹29 Cr700,000
↓ -120,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 22 | LT
3%₹28 Cr78,000

6. 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 14.8% since its launch.  Ranked 17 in ELSS category.  Return for 2023 was 30.9% , 2022 was -7.7% and 2021 was 32.6% .

Below is the key information for Invesco India Tax Plan

Invesco India Tax Plan
Growth
Launch Date 29 Dec 06
NAV (01 Mar 24) ₹107.35 ↑ 0.97   (0.91 %)
Net Assets (Cr) ₹2,517 on 31 Jan 24
Category Equity - ELSS
AMC Invesco Asset Management (India) Private Ltd
Rating
Risk Moderately High
Expense Ratio 2.11
Sharpe Ratio 2.64
Information Ratio -0.73
Alpha Ratio 8.79
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
28 Feb 19₹10,000
29 Feb 20₹11,258
28 Feb 21₹14,106
28 Feb 22₹16,401
28 Feb 23₹15,810
29 Feb 24₹22,377

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 ₹470,047.
Net Profit of ₹170,047
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 1 Mar 24

DurationReturns
1 Month 1.4%
3 Month 10.3%
6 Month 19.3%
1 Year 41.5%
3 Year 16.6%
5 Year 17.5%
10 Year
15 Year
Since launch 14.8%
Historical performance (Yearly) on absolute basis
YearReturns
2023 30.9%
2022 -7.7%
2021 32.6%
2020 19.2%
2019 9.4%
2018 -1.3%
2017 35.7%
2016 3.4%
2015 5.8%
2014 54.3%
Fund Manager information for Invesco India Tax Plan
NameSinceTenure
Amit Nigam3 Sep 203.41 Yr.
Dhimant Kothari29 Mar 185.85 Yr.

Data below for Invesco India Tax Plan as on 31 Jan 24

Equity Sector Allocation
SectorValue
Financial Services28.72%
Technology13.13%
Consumer Cyclical11.8%
Industrials9.57%
Consumer Defensive8.41%
Basic Materials8.32%
Health Care5.95%
Utility5.61%
Energy3.16%
Communication Services2.53%
Real Estate1.07%
Asset Allocation
Asset ClassValue
Cash1.73%
Equity98.27%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 22 | HDFCBANK
6%₹150 Cr877,737
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK
5%₹126 Cr1,261,235
↓ -33,920
Infosys Ltd (Technology)
Equity, Since 31 Dec 19 | INFY
5%₹111 Cr722,543
↓ -67,263
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE
3%₹78 Cr300,211
↓ -10,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 23 | TCS
3%₹71 Cr188,066
↓ -36,946
LTIMindtree Ltd (Technology)
Equity, Since 30 Apr 22 | LTIM
3%₹70 Cr111,181
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Jul 21 | CHOLAFIN
3%₹67 Cr531,481
Anand Rathi Wealth Ltd (Financial Services)
Equity, Since 31 Dec 21 | 543415
3%₹66 Cr253,963
↓ -33,927
Bharat Electronics Ltd (Industrials)
Equity, Since 30 Nov 22 | BEL
3%₹63 Cr3,395,095
Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | AXISBANK
2%₹61 Cr556,061
↓ -6,000

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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