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6 Best Performing Tax Saving Mutual Funds 2023

Updated on February 2, 2023 , 2301 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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Best Performing Tax Saving Mutual Funds

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2022 (%)
Tata India Tax Savings Fund Growth	₹29.1839 ↑ 0.30	₹3,192	-1.7	3.5	2.1	15.7	10.6	5.9
IDFC Tax Advantage (ELSS) Fund Growth	₹100.459 ↑ 0.65	₹4,026	-1.3	4.1	0.2	22.1	11.6	4.2
L&T Tax Advantage Fund Growth	₹78.7165 ↑ 0.85	₹3,128	-2.9	2.4	-2.1	12.8	6.8	-3
HDFC Long Term Advantage Fund Growth	₹595.168 ↑ 0.28	₹1,318	1.2	15.4	35.5	20.6	17.4
Kotak Tax Saver Fund Growth	₹74.858 ↑ 0.77	₹3,161	-1.8	3.9	1.9	16.2	12.5	6.9
Sundaram Diversified Equity Fund Growth	₹152.833 ↑ 1.21	₹1,713	-2.5	2.4	1.9	14.3	7.8	4
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 3 Feb 23

*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 13.8% since its launch. Ranked 1 in ELSS category. Return for 2022 was 5.9% , 2021 was 30.4% and 2020 was 11.9% .

Below is the key information for Tata India Tax Savings Fund

Tata India Tax Savings Fund Growth
Launch Date	13 Oct 14
NAV (03 Feb 23)	₹29.1839 ↑ 0.30 (1.04 %)
Net Assets (Cr)	₹3,192 on 31 Dec 22
Category	Equity - ELSS
AMC	Tata Asset Management Limited
Rating	☆☆☆☆☆
Risk	Moderately High
Expense Ratio	0
Sharpe Ratio	0.13
Information Ratio	-0.52
Alpha Ratio	1.54
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Jan 18	₹10,000
31 Jan 19	₹9,207
31 Jan 20	₹10,540
31 Jan 21	₹11,667
31 Jan 22	₹15,464
31 Jan 23	₹15,799

Tata India Tax Savings Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹395,578.
Net Profit of ₹95,578 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 3 Feb 23

Duration	Returns
1 Month	-2.7%
3 Month	-1.7%
6 Month	3.5%
1 Year	2.1%
3 Year	15.7%
5 Year	10.6%
10 Year
15 Year
Since launch	13.8%

Historical performance (Yearly) on absolute basis

Year	Returns
2022	5.9%
2021	30.4%
2020	11.9%
2019	13.6%
2018	-8.4%
2017	46%
2016	2.1%
2015	13.3%
2014
2013

Fund Manager information for Tata India Tax Savings Fund

Name	Since	Tenure
Tejas Gutka	9 Mar 21	1.82 Yr.

Data below for Tata India Tax Savings Fund as on 31 Dec 22

Equity Sector Allocation

Sector	Value
Financial Services	36.88%
Industrials	16.97%
Technology	8.64%
Consumer Cyclical	8.29%
Health Care	5.85%
Basic Materials	5.69%
Energy	5.39%
Communication Services	5.08%
Utility	2.31%
Consumer Defensive	2.06%
Real Estate	1.21%

Asset Allocation

Asset Class	Value
Cash	1.63%
Equity	98.37%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 28 Feb 10 \| HDFCBANK	7%	₹212 Cr	1,305,000
ICICI Bank Ltd (Financial Services) Equity, Since 30 Nov 16 \| ICICIBANK	6%	₹207 Cr	2,325,000
Infosys Ltd (Technology) Equity, Since 30 Sep 18 \| INFY	5%	₹175 Cr	1,160,000
Reliance Industries Ltd (Energy) Equity, Since 31 Jan 18 \| RELIANCE	5%	₹172 Cr	675,000
State Bank of India (Financial Services) Equity, Since 30 Nov 18 \| SBIN	5%	₹153 Cr	2,500,000
Housing Development Finance Corp Ltd (Financial Services) Equity, Since 30 Jun 17 \| HDFC	5%	₹152 Cr	575,000
Axis Bank Ltd (Financial Services) Equity, Since 31 Aug 18 \| AXISBANK	4%	₹137 Cr	1,465,000
Bharti Airtel Ltd (Communication Services) Equity, Since 30 Sep 19 \| BHARTIARTL	3%	₹92 Cr	1,140,000
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Nov 16 \| LT	3%	₹81 Cr	390,000
The Federal Bank Ltd (Financial Services) Equity, Since 31 Oct 21 \| FEDERALBNK	2%	₹70 Cr	5,000,000

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 17.8% since its launch. Ranked 3 in ELSS category. Return for 2022 was 4.2% , 2021 was 49.2% and 2020 was 18.7% .

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

IDFC Tax Advantage (ELSS) Fund Growth
Launch Date	26 Dec 08
NAV (03 Feb 23)	₹100.459 ↑ 0.65 (0.65 %)
Net Assets (Cr)	₹4,026 on 31 Dec 22
Category	Equity - ELSS
AMC	IDFC Asset Management Company Limited
Rating	☆☆☆☆☆
Risk	Moderately High
Expense Ratio	1.95
Sharpe Ratio	0.03
Information Ratio	0.72
Alpha Ratio	-0.51
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Jan 18	₹10,000
31 Jan 19	₹8,614
31 Jan 20	₹9,289
31 Jan 21	₹10,943
31 Jan 22	₹16,319
31 Jan 23	₹16,535

IDFC Tax Advantage (ELSS) Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹405,518.
Net Profit of ₹105,518 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 3 Feb 23

Duration	Returns
1 Month	-1.9%
3 Month	-1.3%
6 Month	4.1%
1 Year	0.2%
3 Year	22.1%
5 Year	11.6%
10 Year
15 Year
Since launch	17.8%

Historical performance (Yearly) on absolute basis

Year	Returns
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%
2013	15%

Fund Manager information for IDFC Tax Advantage (ELSS) Fund

Name	Since	Tenure
Daylynn Pinto	20 Oct 16	6.2 Yr.

Data below for IDFC Tax Advantage (ELSS) Fund as on 31 Dec 22

Equity Sector Allocation

Sector	Value
Financial Services	28.12%
Consumer Cyclical	15.31%
Industrials	12.65%
Basic Materials	9.92%
Technology	9.43%
Health Care	6.36%
Energy	3.8%
Consumer Defensive	3.34%
Communication Services	2.8%
Utility	1.36%

Asset Allocation

Asset Class	Value
Cash	6.9%
Equity	93.1%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 May 16 \| ICICIBANK	8%	₹339 Cr	3,800,000
State Bank of India (Financial Services) Equity, Since 30 Jun 20 \| SBIN	5%	₹215 Cr	3,500,000
Infosys Ltd (Technology) Equity, Since 31 Jul 15 \| INFY	5%	₹204 Cr	1,350,000
HDFC Bank Ltd (Financial Services) Equity, Since 30 Sep 14 \| HDFCBANK	4%	₹171 Cr	1,050,000
Reliance Industries Ltd (Energy) Equity, Since 31 Jul 18 \| RELIANCE	4%	₹153 Cr	600,000 ↑ 50,000
Axis Bank Ltd (Financial Services) Equity, Since 30 Apr 21 \| AXISBANK	3%	₹131 Cr	1,400,000
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Jan 20 \| BHARTIARTL	3%	₹113 Cr	1,400,000
Tata Motors Ltd (Consumer Cyclical) Equity, Since 31 May 20 \| TATAMOTORS	3%	₹101 Cr	2,600,000
Mahindra & Mahindra Ltd (Consumer Cyclical) Equity, Since 31 Jul 20 \| M&M	2%	₹100 Cr	800,000
Jindal Steel & Power Ltd (Basic Materials) Equity, Since 31 Mar 18 \| JINDALSTEL	2%	₹99 Cr	1,700,000 ↓ -50,000

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 13% since its launch. Ranked 7 in ELSS category. Return for 2022 was -3% , 2021 was 30.3% and 2020 was 13.5% .

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

L&T Tax Advantage Fund Growth
Launch Date	27 Feb 06
NAV (03 Feb 23)	₹78.7165 ↑ 0.85 (1.10 %)
Net Assets (Cr)	₹3,128 on 31 Dec 22
Category	Equity - ELSS
AMC	L&T Investment Management Ltd
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	1.97
Sharpe Ratio	-0.39
Information Ratio	-0.95
Alpha Ratio	-7.1
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Jan 18	₹10,000
31 Jan 19	₹8,737
31 Jan 20	₹9,590
31 Jan 21	₹10,444
31 Jan 22	₹13,607
31 Jan 23	₹13,295

L&T Tax Advantage Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹357,992.
Net Profit of ₹57,992 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 3 Feb 23

Duration	Returns
1 Month	-1.2%
3 Month	-2.9%
6 Month	2.4%
1 Year	-2.1%
3 Year	12.8%
5 Year	6.8%
10 Year
15 Year
Since launch	13%

Historical performance (Yearly) on absolute basis

Year	Returns
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%
2013	6.8%

Fund Manager information for L&T Tax Advantage Fund

Name	Since	Tenure
Gautam Bhupal	25 Nov 22	0.1 Yr.
Cheenu Gupta	2 Jul 21	1.5 Yr.

Data below for L&T Tax Advantage Fund as on 31 Dec 22

Equity Sector Allocation

Sector	Value
Financial Services	32.77%
Consumer Cyclical	20.49%
Industrials	11.96%
Technology	11.9%
Consumer Defensive	6.21%
Basic Materials	5.03%
Health Care	3.19%
Energy	3.12%
Utility	1.81%
Real Estate	0.98%

Asset Allocation

Asset Class	Value
Cash	2.53%
Equity	97.47%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 30 Jun 09 \| ICICIBANK	7%	₹233 Cr	2,619,900
State Bank of India (Financial Services) Equity, Since 31 Jan 19 \| SBIN	6%	₹193 Cr	3,140,300
HDFC Bank Ltd (Financial Services) Equity, Since 31 Mar 06 \| HDFCBANK	6%	₹186 Cr	1,140,100
Infosys Ltd (Technology) Equity, Since 31 Mar 06 \| INFY	5%	₹154 Cr	1,023,800
Indian Hotels Co Ltd (Consumer Cyclical) Equity, Since 31 Oct 21 \| INDHOTEL	4%	₹135 Cr	4,240,500
Larsen & Toubro Ltd (Industrials) Equity, Since 31 Jul 22 \| LT	4%	₹112 Cr	538,300
Hindustan Unilever Ltd (Consumer Defensive) Equity, Since 31 Jul 22 \| HINDUNILVR	3%	₹107 Cr	419,300
Persistent Systems Ltd (Technology) Equity, Since 31 Jul 21 \| PERSISTENT	3%	₹107 Cr	276,400
Reliance Industries Ltd (Energy) Equity, Since 30 Nov 21 \| RELIANCE	3%	₹98 Cr	383,700 ↓ -60,500
Cholamandalam Investment and Finance Co Ltd (Financial Services) Equity, Since 31 Dec 21 \| CHOLAFIN	3%	₹81 Cr	1,114,400

4. HDFC Long Term Advantage Fund

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 CAGR/Annualized return of 21.4% since its launch. Ranked 23 in ELSS category. .

Below is the key information for HDFC Long Term Advantage Fund

HDFC Long Term Advantage Fund Growth
Launch Date	2 Jan 01
NAV (14 Jan 22)	₹595.168 ↑ 0.28 (0.05 %)
Net Assets (Cr)	₹1,318 on 30 Nov 21
Category	Equity - ELSS
AMC	HDFC Asset Management Company Limited
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	2.25
Sharpe Ratio	2.27
Information Ratio	-0.15
Alpha Ratio	1.75
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Jan 18	₹10,000
31 Jan 19	₹9,371
31 Jan 20	₹10,280
31 Jan 21	₹11,480

HDFC Long Term Advantage Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹470,047.
Net Profit of ₹170,047 Invest Now

Purchase not allowed

Returns for HDFC Long Term 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 3 Feb 23

Duration	Returns
1 Month	4.4%
3 Month	1.2%
6 Month	15.4%
1 Year	35.5%
3 Year	20.6%
5 Year	17.4%
10 Year
15 Year
Since launch	21.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013

Fund Manager information for HDFC Long Term Advantage Fund

Name	Since	Tenure

Data below for HDFC Long Term Advantage Fund as on 30 Nov 21

Equity Sector Allocation

Sector	Value

Asset Allocation

Asset Class	Value

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity

5. 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 12.4% since its launch. Ranked 19 in ELSS category. Return for 2022 was 6.9% , 2021 was 33.2% and 2020 was 14.9% .

Below is the key information for Kotak Tax Saver Fund

Kotak Tax Saver Fund Growth
Launch Date	23 Nov 05
NAV (03 Feb 23)	₹74.858 ↑ 0.77 (1.03 %)
Net Assets (Cr)	₹3,161 on 31 Dec 22
Category	Equity - ELSS
AMC	Kotak Mahindra Asset Management Co Ltd
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	1.97
Sharpe Ratio	0.19
Information Ratio	0.1
Alpha Ratio	2.47
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Jan 18	₹10,000
31 Jan 19	₹9,575
31 Jan 20	₹11,296
31 Jan 21	₹12,539
31 Jan 22	₹16,785
31 Jan 23	₹17,355

Kotak Tax Saver Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹415,684.
Net Profit of ₹115,684 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 3 Feb 23

Duration	Returns
1 Month	-3%
3 Month	-1.8%
6 Month	3.9%
1 Year	1.9%
3 Year	16.2%
5 Year	12.5%
10 Year
15 Year
Since launch	12.4%

Historical performance (Yearly) on absolute basis

Year	Returns
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%
2013	-6.3%

Fund Manager information for Kotak Tax Saver Fund

Name	Since	Tenure
Harsha Upadhyaya	25 Aug 15	7.36 Yr.

Data below for Kotak Tax Saver Fund as on 31 Dec 22

Equity Sector Allocation

Sector	Value
Financial Services	27.53%
Industrials	16.93%
Basic Materials	15.92%
Consumer Cyclical	11.47%
Consumer Defensive	7.61%
Technology	6.1%
Health Care	4.09%
Energy	4.03%
Utility	2.06%
Communication Services	1.87%

Asset Allocation

Asset Class	Value
Cash	2.39%
Equity	97.61%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 09 \| ICICIBANK	7%	₹232 Cr	2,600,000
State Bank of India (Financial Services) Equity, Since 28 Feb 21 \| SBIN	6%	₹184 Cr	3,000,000
Axis Bank Ltd (Financial Services) Equity, Since 31 Mar 13 \| AXISBANK	5%	₹168 Cr	1,800,000
Reliance Industries Ltd (Energy) Equity, Since 30 Jun 06 \| RELIANCE	4%	₹127 Cr	500,000
Infosys Ltd (Technology) Equity, Since 31 Dec 05 \| INFY	4%	₹121 Cr	800,000
Larsen & Toubro Ltd (Industrials) Equity, Since 28 Feb 14 \| LT	4%	₹120 Cr	575,000
ITC Ltd (Consumer Defensive) Equity, Since 31 Oct 21 \| ITC	3%	₹103 Cr	3,100,000
Maruti Suzuki India Ltd (Consumer Cyclical) Equity, Since 31 Mar 21 \| MARUTI	3%	₹97 Cr	115,000 ↑ 15,000
SRF Ltd (Basic Materials) Equity, Since 30 Apr 16 \| SRF	3%	₹82 Cr	360,000
Jindal Steel & Power Ltd (Basic Materials) Equity, Since 28 Feb 18 \| JINDALSTEL	2%	₹78 Cr	1,350,000

6. Sundaram Diversified Equity Fund

To achieve capital appreciation by investing predominantly in equities and equity-related instruments. A three-year lock-in period shall apply in line with the regulation for ELSS schemes.

Sundaram Diversified Equity Fund is a Equity - ELSS fund was launched on 22 Nov 99. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 15.9% since its launch. Ranked 14 in ELSS category. Return for 2022 was 4% , 2021 was 31.5% and 2020 was 9.9% .

Below is the key information for Sundaram Diversified Equity Fund

Sundaram Diversified Equity Fund Growth
Launch Date	22 Nov 99
NAV (03 Feb 23)	₹152.833 ↑ 1.21 (0.80 %)
Net Assets (Cr)	₹1,713 on 31 Dec 22
Category	Equity - ELSS
AMC	Sundaram Asset Management Company Ltd
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	2.1
Sharpe Ratio	0.01
Information Ratio	-0.73
Alpha Ratio	-0.34
Min Investment	500
Min SIP Investment	250
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Jan 18	₹10,000
31 Jan 19	₹8,800
31 Jan 20	₹9,668
31 Jan 21	₹10,332
31 Jan 22	₹13,759
31 Jan 23	₹14,140

Sundaram Diversified Equity Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹367,070.
Net Profit of ₹67,070 Invest Now

Returns for Sundaram Diversified Equity Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 3 Feb 23

Duration	Returns
1 Month	-2%
3 Month	-2.5%
6 Month	2.4%
1 Year	1.9%
3 Year	14.3%
5 Year	7.8%
10 Year
15 Year
Since launch	15.9%

Historical performance (Yearly) on absolute basis

Year	Returns
2022	4%
2021	31.5%
2020	9.9%
2019	6.2%
2018	-10.6%
2017	38.4%
2016	6.8%
2015	3.1%
2014	45.7%
2013	1.4%

Fund Manager information for Sundaram Diversified Equity Fund

Name	Since	Tenure
Sudhir Kedia	1 Jan 22	1 Yr.
Rohit Seksaria	24 Feb 21	1.85 Yr.

Data below for Sundaram Diversified Equity Fund as on 31 Dec 22

Equity Sector Allocation

Sector	Value
Financial Services	41.42%
Industrials	14.77%
Technology	11.2%
Consumer Cyclical	10.59%
Consumer Defensive	5.57%
Energy	5.08%
Basic Materials	4.21%
Health Care	3.38%
Communication Services	1.83%
Real Estate	1.13%

Asset Allocation

Asset Class	Value
Cash	0.64%
Equity	99.36%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 30 Nov 11 \| ICICIBANK	8%	₹136 Cr	1,525,000 ↓ -174,000
HDFC Bank Ltd (Financial Services) Equity, Since 31 Mar 13 \| HDFCBANK	7%	₹116 Cr	714,000
Reliance Industries Ltd (Energy) Equity, Since 30 Apr 12 \| RELIANCE	5%	₹87 Cr	341,595
Infosys Ltd (Technology) Equity, Since 30 Nov 16 \| INFY	5%	₹86 Cr	570,000
State Bank of India (Financial Services) Equity, Since 31 Aug 20 \| SBIN	5%	₹85 Cr	1,390,000 ↓ -60,000
Housing Development Finance Corp Ltd (Financial Services) Equity, Since 31 Jul 19 \| HDFC	4%	₹72 Cr	272,000
Axis Bank Ltd (Financial Services) Equity, Since 31 May 18 \| AXISBANK	4%	₹69 Cr	739,000 ↓ -95,000
Ashok Leyland Ltd (Industrials) Equity, Since 31 Jan 22 \| 500477	3%	₹59 Cr	4,089,762
Tata Consultancy Services Ltd (Technology) Equity, Since 31 Jul 20 \| TCS	3%	₹54 Cr	165,000
Polycab India Ltd (Industrials) Equity, Since 31 Jan 22 \| POLYCAB	3%	₹49 Cr	191,000 ↓ -18,000

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!

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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.