Fincash » Mutual Funds » Best Performing Tax Saving Mutual Funds
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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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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 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 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 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 Below is the key information for Kotak Tax Saver Fund Returns up to 1 year are on Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2020 (%) IDFC Tax Advantage (ELSS) Fund Growth ₹75.05
↑ 1.09 ₹2,976 7.4 37 88.5 8.3 15.4 18.7 Tata India Tax Savings Fund Growth ₹22.7569
↑ 0.35 ₹2,636 0.6 23.2 57.9 8.9 13.6 11.9 DSP BlackRock Tax Saver Fund Growth ₹64.861
↑ 0.82 ₹7,883 2.9 31 65.3 11.9 15.2 15 L&T Tax Advantage Fund Growth ₹67.07
↑ 0.88 ₹3,416 2.4 23.4 60.9 6 13.1 13.5 HDFC Long Term Advantage Fund Growth ₹448.369
↑ 7.96 ₹1,340 2.5 28.1 67.1 9.7 14.2 11.5 Kotak Tax Saver Fund Growth ₹58.438
↑ 0.48 ₹1,679 3.9 25.7 62.2 12.6 14.7 14.9 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 13 Apr 21 1. IDFC Tax Advantage (ELSS) Fund
CAGR/Annualized
return of 17.8% since its launch. Ranked 3 in ELSS
category. Return for 2020 was 18.7% , 2019 was 1.9% and 2018 was -9.4% . IDFC Tax Advantage (ELSS) Fund
Growth Launch Date 26 Dec 08 NAV (13 Apr 21) ₹75.05 ↑ 1.09 (1.47 %) Net Assets (Cr) ₹2,976 on 28 Feb 21 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 0.68 Sharpe Ratio 0.97 Information Ratio -0.5 Alpha Ratio 2.87 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 16 ₹10,000 31 Mar 17 ₹12,748 31 Mar 18 ₹15,606 31 Mar 19 ₹15,750 31 Mar 20 ₹10,371 31 Mar 21 ₹20,692 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 13 Apr 21 Duration Returns 1 Month -2.3% 3 Month 7.4% 6 Month 37% 1 Year 88.5% 3 Year 8.3% 5 Year 15.4% 10 Year 15 Year Since launch 17.8% Historical performance (Yearly) on absolute basis
Year Returns 2020 18.7% 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% Fund Manager information for IDFC Tax Advantage (ELSS) Fund
Name Since Tenure Daylynn Pinto 20 Oct 16 4.45 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 28 Feb 21
Equity Sector Allocation
Sector Value Financial Services 20.86% Consumer Cyclical 16.43% Industrials 15.75% Basic Materials 14.73% Technology 12.48% Health Care 6.98% Energy 5.22% Communication Services 3.37% Consumer Defensive 2.4% Utility 0.28% Asset Allocation
Asset Class Value Cash 1.51% Equity 98.49% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK7% ₹215 Cr 3,600,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY6% ₹175 Cr 1,400,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK4% ₹123 Cr 800,000 Deepak Nitrite Ltd (Basic Materials)
Equity, Since 31 Mar 17 | 5064014% ₹116 Cr 851,002
↓ -84,482 Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 31 Jul 18 | RELIANCE4% ₹115 Cr 550,000 State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN4% ₹105 Cr 2,700,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL3% ₹100 Cr 1,800,000 Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS3% ₹97 Cr 3,000,000 NCC Ltd (Industrials)
Equity, Since 28 Feb 19 | NCC3% ₹82 Cr 9,250,000
↑ 50,000 KEC International Ltd (Industrials)
Equity, Since 30 Sep 15 | 5327143% ₹78 Cr 1,800,000 2. Tata India Tax Savings Fund
CAGR/Annualized
return of 13.5% since its launch. Ranked 1 in ELSS
category. Return for 2020 was 11.9% , 2019 was 13.6% and 2018 was -8.4% . Tata India Tax Savings Fund
Growth Launch Date 13 Oct 14 NAV (13 Apr 21) ₹22.7569 ↑ 0.35 (1.57 %) Net Assets (Cr) ₹2,636 on 28 Feb 21 Category Equity - ELSS AMC Tata Asset Management Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.97 Sharpe Ratio 0.78 Information Ratio -0.68 Alpha Ratio -1.32 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 16 ₹10,000 31 Mar 17 ₹12,631 31 Mar 18 ₹14,411 31 Mar 19 ₹15,560 31 Mar 20 ₹11,840 31 Mar 21 ₹19,801 Returns for Tata India Tax Savings Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 13 Apr 21 Duration Returns 1 Month -5% 3 Month 0.6% 6 Month 23.2% 1 Year 57.9% 3 Year 8.9% 5 Year 13.6% 10 Year 15 Year Since launch 13.5% Historical performance (Yearly) on absolute basis
Year Returns 2020 11.9% 2019 13.6% 2018 -8.4% 2017 46% 2016 2.1% 2015 13.3% 2014 2013 2012 2011 Fund Manager information for Tata India Tax Savings Fund
Name Since Tenure Rupesh Patel 1 Apr 15 6.01 Yr. Ennette Fernandes 18 Jun 18 2.79 Yr. Data below for Tata India Tax Savings Fund as on 28 Feb 21
Equity Sector Allocation
Sector Value Financial Services 37.82% Technology 11.92% Energy 9.99% Health Care 9.48% Consumer Cyclical 9% Industrials 8.75% Basic Materials 5.57% Communication Services 5.06% Consumer Defensive 1.15% Real Estate 0.8% Asset Allocation
Asset Class Value Cash 0.46% Equity 99.54% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK9% ₹245 Cr 4,100,000 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK9% ₹230 Cr 1,500,000 Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY8% ₹222 Cr 1,770,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN8% ₹208 Cr 5,325,000 Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 31 Jan 18 | RELIANCE7% ₹181 Cr 870,000
↓ -50,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 19 | BHARTIARTL5% ₹134 Cr 2,400,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322155% ₹130 Cr 1,800,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC5% ₹119 Cr 470,000 UltraTech Cement Ltd (Basic Materials)
Equity, Since 28 Feb 14 | ULTRACEMCO3% ₹76 Cr 125,000 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | M&M3% ₹75 Cr 930,000 3. DSP BlackRock Tax Saver Fund
CAGR/Annualized
return of 14% since its launch. Ranked 12 in ELSS
category. Return for 2020 was 15% , 2019 was 14.8% and 2018 was -7.6% . DSP BlackRock Tax Saver Fund
Growth Launch Date 18 Jan 07 NAV (13 Apr 21) ₹64.861 ↑ 0.82 (1.28 %) Net Assets (Cr) ₹7,883 on 28 Feb 21 Category Equity - ELSS AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.91 Sharpe Ratio 0.85 Information Ratio 0.32 Alpha Ratio -1.73 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 16 ₹10,000 31 Mar 17 ₹13,067 31 Mar 18 ₹14,223 31 Mar 19 ₹15,420 31 Mar 20 ₹11,752 31 Mar 21 ₹20,865 Returns for DSP BlackRock Tax Saver Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 13 Apr 21 Duration Returns 1 Month -2.3% 3 Month 2.9% 6 Month 31% 1 Year 65.3% 3 Year 11.9% 5 Year 15.2% 10 Year 15 Year Since launch 14% Historical performance (Yearly) on absolute basis
Year Returns 2020 15% 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% Fund Manager information for DSP BlackRock Tax Saver Fund
Name Since Tenure Rohit Singhania 16 Jul 15 5.71 Yr. Charanjit Singh 1 Jan 21 0.24 Yr. Data below for DSP BlackRock Tax Saver Fund as on 28 Feb 21
Equity Sector Allocation
Sector Value Financial Services 35.63% Basic Materials 12.76% Technology 9.36% Consumer Cyclical 8.19% Industrials 7.63% Health Care 7.36% Consumer Defensive 4.99% Communication Services 4.53% Energy 4.36% Utility 3.85% Asset Allocation
Asset Class Value Cash 1.34% Equity 98.66% Top Securities Holdings / Portfolio
Name Holding Value Quantity Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY8% ₹637 Cr 5,082,080
↑ 311,187 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK8% ₹599 Cr 10,028,596
↓ -1,658,411 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK7% ₹572 Cr 3,726,332 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jul 19 | BHARTIARTL5% ₹357 Cr 6,420,892
↓ -595,011 Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 5322154% ₹316 Cr 4,354,860 State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN4% ₹283 Cr 7,266,283
↓ -2,156,375 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 May 20 | 5006963% ₹226 Cr 1,060,242
↑ 124,841 Tata Steel Ltd (Basic Materials)
Equity, Since 31 Dec 20 | TATASTEEL3% ₹220 Cr 3,074,876
↑ 117,233 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 May 14 | ULTRACEMCO2% ₹184 Cr 301,231
↓ -15,645 Dr Reddy's Laboratories Ltd (Healthcare)
Equity, Since 31 Jul 20 | 5001242% ₹176 Cr 396,776
↑ 24,938 4. L&T Tax Advantage Fund
CAGR/Annualized
return of 13.4% since its launch. Ranked 7 in ELSS
category. Return for 2020 was 13.5% , 2019 was 4.6% and 2018 was -8.1% . L&T Tax Advantage Fund
Growth Launch Date 27 Feb 06 NAV (13 Apr 21) ₹67.07 ↑ 0.88 (1.33 %) Net Assets (Cr) ₹3,416 on 28 Feb 21 Category Equity - ELSS AMC L&T Investment Management Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.04 Sharpe Ratio 0.69 Information Ratio -1.57 Alpha Ratio -7.81 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 16 ₹10,000 31 Mar 17 ₹13,044 31 Mar 18 ₹15,121 31 Mar 19 ₹15,050 31 Mar 20 ₹10,963 31 Mar 21 ₹18,809 Returns for L&T Tax Advantage Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 13 Apr 21 Duration Returns 1 Month -1.4% 3 Month 2.4% 6 Month 23.4% 1 Year 60.9% 3 Year 6% 5 Year 13.1% 10 Year 15 Year Since launch 13.4% Historical performance (Yearly) on absolute basis
Year Returns 2020 13.5% 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% Fund Manager information for L&T Tax Advantage Fund
Name Since Tenure Venugopal Manghat 17 Dec 19 1.29 Yr. Vihang Naik 17 Dec 19 1.29 Yr. Data below for L&T Tax Advantage Fund as on 28 Feb 21
Equity Sector Allocation
Sector Value Financial Services 24.79% Basic Materials 14.95% Consumer Cyclical 14.41% Technology 12.45% Health Care 8.97% Industrials 8.52% Consumer Defensive 6.8% Energy 5.06% Communication Services 2.23% Asset Allocation
Asset Class Value Cash 1.83% Equity 98.16% Other 0.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK5% ₹175 Cr 2,933,600 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK5% ₹168 Cr 1,097,700 Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY5% ₹154 Cr 1,232,500 Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 31 Aug 18 | RELIANCE4% ₹135 Cr 648,400 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 09 | TCS4% ₹125 Cr 430,700 Larsen & Toubro Ltd Shs Dematerialised (Industrials)
Equity, Since 31 Mar 06 | LT3% ₹112 Cr 778,000 State Bank of India (Financial Services)
Equity, Since 31 Jan 19 | SBIN3% ₹112 Cr 2,871,200
↑ 889,200 HCL Technologies Ltd Shs Dematerialised (Technology)
Equity, Since 30 Sep 17 | HCLTECH3% ₹109 Cr 1,203,500
↓ -357,400 Emami Ltd (Consumer Defensive)
Equity, Since 30 Jun 19 | 5311623% ₹106 Cr 2,333,743 Ramco Cements Ltd (Basic Materials)
Equity, Since 30 Jun 14 | RAMCOCEM3% ₹103 Cr 1,068,449 5. HDFC Long Term Advantage Fund
CAGR/Annualized
return of 20.6% since its launch. Ranked 23 in ELSS
category. Return for 2020 was 11.5% , 2019 was 10.1% and 2018 was -3.9% . HDFC Long Term Advantage Fund
Growth Launch Date 2 Jan 01 NAV (13 Apr 21) ₹448.369 ↑ 7.96 (1.81 %) Net Assets (Cr) ₹1,340 on 28 Feb 21 Category Equity - ELSS AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.17 Sharpe Ratio 0.83 Information Ratio -0.7 Alpha Ratio 0.75 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 16 ₹10,000 31 Mar 17 ₹13,009 31 Mar 18 ₹14,495 31 Mar 19 ₹16,072 31 Mar 20 ₹11,350 31 Mar 21 ₹20,188
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 13 Apr 21 Duration Returns 1 Month -4.5% 3 Month 2.5% 6 Month 28.1% 1 Year 67.1% 3 Year 9.7% 5 Year 14.2% 10 Year 15 Year Since launch 20.6% Historical performance (Yearly) on absolute basis
Year Returns 2020 11.5% 2019 10.1% 2018 -3.9% 2017 36.2% 2016 13% 2015 -2.4% 2014 44.7% 2013 11% 2012 28.8% 2011 -23.5% Fund Manager information for HDFC Long Term Advantage Fund
Name Since Tenure Chirag Setalvad 2 Apr 07 14.01 Yr. Anand Laddha 21 Oct 20 0.44 Yr. Data below for HDFC Long Term Advantage Fund as on 28 Feb 21
Equity Sector Allocation
Sector Value Financial Services 36.16% Industrials 18.71% Energy 11.45% Technology 9.99% Basic Materials 5.72% Consumer Defensive 4.3% Health Care 3.19% Utility 2.4% Communication Services 2.13% Consumer Cyclical 1.96% Asset Allocation
Asset Class Value Cash 2.31% Equity 96% Other 1.69% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 13 | HDFCBANK10% ₹130 Cr 850,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK9% ₹120 Cr 2,000,000 Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 31 Jul 05 | RELIANCE8% ₹108 Cr 520,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFC8% ₹102 Cr 400,000 State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN8% ₹101 Cr 2,600,000 Infosys Ltd (Technology)
Equity, Since 30 Nov 06 | INFY7% ₹94 Cr 750,000 Larsen & Toubro Ltd Shs Dematerialised (Industrials)
Equity, Since 31 Oct 07 | LT7% ₹88 Cr 607,500 Carborundum Universal Ltd (Industrials)
Equity, Since 30 Jun 03 | 5133755% ₹62 Cr 1,229,000 ITC Ltd (Consumer Defensive)
Equity, Since 31 Oct 05 | ITC4% ₹58 Cr 2,822,910 Bharat Petroleum Corp Ltd (Energy)
Equity, Since 30 Sep 12 | 5005473% ₹45 Cr 1,000,000 6. Kotak Tax Saver Fund
CAGR/Annualized
return of 12.2% since its launch. Ranked 19 in ELSS
category. Return for 2020 was 14.9% , 2019 was 12.7% and 2018 was -3.8% . Kotak Tax Saver Fund
Growth Launch Date 23 Nov 05 NAV (13 Apr 21) ₹58.438 ↑ 0.48 (0.82 %) Net Assets (Cr) ₹1,679 on 28 Feb 21 Category Equity - ELSS AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.34 Sharpe Ratio 0.77 Information Ratio 0.32 Alpha Ratio -3.9 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 16 ₹10,000 31 Mar 17 ₹12,978 31 Mar 18 ₹13,789 31 Mar 19 ₹15,193 31 Mar 20 ₹11,938 31 Mar 21 ₹20,457 Returns for Kotak Tax Saver Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 13 Apr 21 Duration Returns 1 Month -2.3% 3 Month 3.9% 6 Month 25.7% 1 Year 62.2% 3 Year 12.6% 5 Year 14.7% 10 Year 15 Year Since launch 12.2% Historical performance (Yearly) on absolute basis
Year Returns 2020 14.9% 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% Fund Manager information for Kotak Tax Saver Fund
Name Since Tenure Harsha Upadhyaya 25 Aug 15 5.6 Yr. Data below for Kotak Tax Saver Fund as on 28 Feb 21
Equity Sector Allocation
Sector Value Financial Services 24.97% Basic Materials 18.07% Industrials 17.52% Technology 11.81% Consumer Cyclical 7.89% Health Care 6.53% Energy 3.73% Utility 3.47% Communication Services 2.98% Consumer Defensive 1.59% Asset Allocation
Asset Class Value Cash 1.44% Equity 98.55% Other 0.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK8% ₹140 Cr 2,350,000
↑ 850,000 Infosys Ltd (Technology)
Equity, Since 31 Dec 05 | INFY6% ₹100 Cr 800,000
↓ -25,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 18 | TCS4% ₹65 Cr 225,000
↓ -46,027 Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 30 Jun 06 | RELIANCE4% ₹63 Cr 300,000
↓ -100,000 State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN4% ₹60 Cr 1,550,000
↑ 1,550,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK3% ₹58 Cr 380,000 SRF Ltd (Basic Materials)
Equity, Since 30 Apr 16 | SRF3% ₹54 Cr 100,000
↓ -5,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | 5322153% ₹53 Cr 725,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 28 Feb 21 | BHARTIARTL3% ₹50 Cr 900,000
↑ 900,000 Larsen & Toubro Ltd Shs Dematerialised (Industrials)
Equity, Since 28 Feb 14 | LT3% ₹47 Cr 325,000
↑ 25,000
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.
Along with tax benefits, ELSS also offers you the following advantages:
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.
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.
ELSS has lock-in period of 3 years, which is the shortest lock-in period among all other tax-saving instruments.
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