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6 Best Performing Tax Saving Mutual Funds 2024
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 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 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 Below is the key information for Principal Tax Savings Fund Returns up to 1 year are on 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 Below is the key information for BOI AXA 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 Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) Tata India Tax Savings Fund Growth ₹45.7642
↑ 0.26 ₹4,722 10.6 25.8 35.3 18.7 21.1 24 IDFC Tax Advantage (ELSS) Fund Growth ₹159.232
↑ 0.15 ₹7,179 8.1 18.8 31.8 19.8 25.1 28.3 L&T Tax Advantage Fund Growth ₹137.199
↑ 0.40 ₹4,374 9.3 33.2 48.3 19.5 22 28.4 Principal Tax Savings Fund Growth ₹515.24
↑ 1.03 ₹1,395 8 20.2 31.1 17.4 21.6 24.5 BOI AXA Tax Advantage Fund Growth ₹172.53
↑ 1.22 ₹1,485 2.4 20.4 44.2 19.2 28.4 34.8 Invesco India Tax Plan Growth ₹131.51
↑ 0.52 ₹2,946 12.3 28.2 43.4 17.3 22.1 30.9 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 13 Sep 24 1. Tata India Tax Savings Fund
CAGR/Annualized return of 16.6% since its launch. Ranked 1 in ELSS category. Return for 2023 was 24% , 2022 was 5.9% and 2021 was 30.4% . Tata India Tax Savings Fund
Growth Launch Date 13 Oct 14 NAV (13 Sep 24) ₹45.7642 ↑ 0.26 (0.57 %) Net Assets (Cr) ₹4,722 on 31 Jul 24 Category Equity - ELSS AMC Tata Asset Management Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.75 Sharpe Ratio 1.95 Information Ratio -0.18 Alpha Ratio -4.2 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Aug 19 ₹10,000 31 Aug 20 ₹10,213 31 Aug 21 ₹15,381 31 Aug 22 ₹16,608 31 Aug 23 ₹18,935 31 Aug 24 ₹26,020 Returns for Tata India Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 13 Sep 24 Duration Returns 1 Month 6.4% 3 Month 10.6% 6 Month 25.8% 1 Year 35.3% 3 Year 18.7% 5 Year 21.1% 10 Year 15 Year Since launch 16.6% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Sailesh Jain 16 Dec 21 2.63 Yr. Tejas Gutka 9 Mar 21 3.4 Yr. Data below for Tata India Tax Savings Fund as on 31 Jul 24
Equity Sector Allocation
Sector Value Financial Services 30.28% Consumer Cyclical 15.03% Industrials 13.7% Basic Materials 7.53% Technology 7.22% Energy 5.91% Communication Services 4.59% Utility 3.7% Health Care 3.04% Real Estate 2.9% Consumer Defensive 1.64% Asset Allocation
Asset Class Value Cash 4.46% Equity 95.54% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK6% ₹279 Cr 1,725,000 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK5% ₹258 Cr 2,125,000 Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY5% ₹217 Cr 1,160,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE4% ₹203 Cr 675,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN4% ₹190 Cr 2,175,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322153% ₹152 Cr 1,300,000 NTPC Ltd (Utilities)
Equity, Since 30 Jun 21 | 5325553% ₹144 Cr 3,451,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 19 | BHARTIARTL3% ₹140 Cr 940,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 16 | LT3% ₹134 Cr 352,147 Samvardhana Motherson International Ltd (Consumer Cyclical)
Equity, Since 30 Nov 22 | MOTHERSON3% ₹134 Cr 6,800,000 2. IDFC Tax Advantage (ELSS) Fund
CAGR/Annualized return of 19.3% since its launch. Ranked 3 in ELSS category. Return for 2023 was 28.3% , 2022 was 4.2% and 2021 was 49.2% . IDFC Tax Advantage (ELSS) Fund
Growth Launch Date 26 Dec 08 NAV (13 Sep 24) ₹159.232 ↑ 0.15 (0.09 %) Net Assets (Cr) ₹7,179 on 31 Jul 24 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.79 Sharpe Ratio 2.24 Information Ratio 0 Alpha Ratio 0 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Aug 19 ₹10,000 31 Aug 20 ₹10,557 31 Aug 21 ₹17,821 31 Aug 22 ₹19,578 31 Aug 23 ₹23,335 31 Aug 24 ₹31,180 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 13 Sep 24 Duration Returns 1 Month 5.3% 3 Month 8.1% 6 Month 18.8% 1 Year 31.8% 3 Year 19.8% 5 Year 25.1% 10 Year 15 Year Since launch 19.3% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Daylynn Pinto 20 Oct 16 7.78 Yr. Ritika Behera 7 Oct 23 0.82 Yr. Gaurav Satra 10 Jun 24 0.14 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 31 Jul 24
Equity Sector Allocation
Sector Value Financial Services 25.35% Consumer Cyclical 12.01% Industrials 10.62% Technology 10.54% Health Care 9.14% Consumer Defensive 8.24% Basic Materials 8.06% Energy 5.93% Communication Services 3.18% Utility 3.14% Real Estate 2.15% Asset Allocation
Asset Class Value Cash 1.6% Equity 98.4% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK5% ₹388 Cr 2,400,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK5% ₹364 Cr 3,000,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE5% ₹346 Cr 1,150,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | 5322154% ₹268 Cr 2,300,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY4% ₹262 Cr 1,400,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL2% ₹179 Cr 1,200,000 NTPC Ltd (Utilities)
Equity, Since 30 Sep 22 | 5325552% ₹166 Cr 4,000,000 CG Power & Industrial Solutions Ltd (Industrials)
Equity, Since 31 Aug 17 | 5000932% ₹155 Cr 2,100,000 Jindal Steel & Power Ltd (Basic Materials)
Equity, Since 31 Mar 18 | 5322862% ₹148 Cr 1,500,000 Cipla Ltd (Healthcare)
Equity, Since 30 Sep 20 | 5000872% ₹139 Cr 900,000 3. L&T Tax Advantage Fund
CAGR/Annualized return of 15.2% since its launch. Ranked 7 in ELSS category. Return for 2023 was 28.4% , 2022 was -3% and 2021 was 30.3% . L&T Tax Advantage Fund
Growth Launch Date 27 Feb 06 NAV (13 Sep 24) ₹137.199 ↑ 0.40 (0.29 %) Net Assets (Cr) ₹4,374 on 31 Jul 24 Category Equity - ELSS AMC L&T Investment Management Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.89 Sharpe Ratio 2.88 Information Ratio -0.05 Alpha Ratio 8.12 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Aug 19 ₹10,000 31 Aug 20 ₹10,334 31 Aug 21 ₹15,602 31 Aug 22 ₹15,700 31 Aug 23 ₹17,964 31 Aug 24 ₹26,903 Returns for L&T Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 13 Sep 24 Duration Returns 1 Month 6.1% 3 Month 9.3% 6 Month 33.2% 1 Year 48.3% 3 Year 19.5% 5 Year 22% 10 Year 15 Year Since launch 15.2% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Gautam Bhupal 26 Nov 22 1.68 Yr. Sonal Gupta 21 Jul 21 3.03 Yr. Abhishek Gupta 1 Mar 24 0.42 Yr. Data below for L&T Tax Advantage Fund as on 31 Jul 24
Equity Sector Allocation
Sector Value Financial Services 23.11% Industrials 22.11% Consumer Cyclical 16.49% Technology 10.81% Basic Materials 5.83% Energy 5.04% Health Care 4.62% Utility 3.87% Consumer Defensive 3.1% Real Estate 2.86% Communication Services 1.59% Asset Allocation
Asset Class Value Cash 0.57% Equity 99.43% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK4% ₹188 Cr 1,162,500 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 21 | RELIANCE4% ₹162 Cr 537,600 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK3% ₹140 Cr 1,155,500 Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY3% ₹131 Cr 703,100
↑ 81,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jul 22 | LT3% ₹115 Cr 301,450
↓ -35,855 Persistent Systems Ltd (Technology)
Equity, Since 31 Jul 21 | PERSISTENT2% ₹98 Cr 202,400
↓ -31,500 KPIT Technologies Ltd (Technology)
Equity, Since 30 Sep 21 | KPITTECH2% ₹96 Cr 518,700
↓ -34,500 Power Finance Corp Ltd (Financial Services)
Equity, Since 31 Dec 23 | 5328102% ₹92 Cr 1,659,900 Trent Ltd (Consumer Cyclical)
Equity, Since 30 Nov 23 | 5002512% ₹92 Cr 158,100
↓ -19,720 CG Power & Industrial Solutions Ltd (Industrials)
Equity, Since 30 Apr 22 | 5000932% ₹88 Cr 1,201,300
↓ -119,283 4. Principal Tax Savings Fund
CAGR/Annualized return of 16.5% since its launch. Ranked 8 in ELSS category. Return for 2023 was 24.5% , 2022 was 4.3% and 2021 was 32.1% . Principal Tax Savings Fund
Growth Launch Date 31 Mar 96 NAV (13 Sep 24) ₹515.24 ↑ 1.03 (0.20 %) Net Assets (Cr) ₹1,395 on 31 Jul 24 Category Equity - ELSS AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.26 Sharpe Ratio 2.02 Information Ratio -0.49 Alpha Ratio -2.41 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Aug 19 ₹10,000 31 Aug 20 ₹10,551 31 Aug 21 ₹16,347 31 Aug 22 ₹17,773 31 Aug 23 ₹19,940 31 Aug 24 ₹26,702 Returns for Principal Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 13 Sep 24 Duration Returns 1 Month 5.3% 3 Month 8% 6 Month 20.2% 1 Year 31.1% 3 Year 17.4% 5 Year 21.6% 10 Year 15 Year Since launch 16.5% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Sudhir Kedia 29 Oct 19 4.76 Yr. Rohit Seksaria 1 Jan 22 2.58 Yr. Data below for Principal Tax Savings Fund as on 31 Jul 24
Equity Sector Allocation
Sector Value Financial Services 30.75% Industrials 12.08% Consumer Cyclical 11.06% Technology 10.27% Health Care 7.6% Energy 7.05% Consumer Defensive 7.05% Communication Services 5.44% Basic Materials 4.31% Utility 0.72% Real Estate 0.51% Asset Allocation
Asset Class Value Cash 3.13% Equity 96.87% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK7% ₹98 Cr 606,077 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK6% ₹80 Cr 661,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 21 | RELIANCE6% ₹78 Cr 260,000
↓ -14,000 Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY4% ₹58 Cr 313,000 State Bank of India (Financial Services)
Equity, Since 30 Apr 05 | SBIN3% ₹39 Cr 444,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 13 | LT3% ₹37 Cr 96,021 Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 17 | 5322153% ₹36 Cr 311,000 Force Motors Ltd (Consumer Cyclical)
Equity, Since 30 Nov 21 | 5000333% ₹36 Cr 39,000 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Aug 15 | SUNPHARMA2% ₹34 Cr 200,000 Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 21 | TATAMOTORS2% ₹33 Cr 288,000 5. BOI AXA Tax Advantage Fund
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% . BOI AXA Tax Advantage Fund
Growth Launch Date 25 Feb 09 NAV (13 Sep 24) ₹172.53 ↑ 1.22 (0.71 %) Net Assets (Cr) ₹1,485 on 31 Jul 24 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.37 Sharpe Ratio 2.88 Information Ratio 0.38 Alpha Ratio 9.17 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Aug 19 ₹10,000 31 Aug 20 ₹12,031 31 Aug 21 ₹20,377 31 Aug 22 ₹20,248 31 Aug 23 ₹23,493 31 Aug 24 ₹36,142 Returns for BOI AXA Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 13 Sep 24 Duration Returns 1 Month 2% 3 Month 2.4% 6 Month 20.4% 1 Year 44.2% 3 Year 19.2% 5 Year 28.4% 10 Year 15 Year Since launch 20.1% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Alok Singh 27 Apr 22 2.26 Yr. Data below for BOI AXA Tax Advantage Fund as on 31 Jul 24
Equity Sector Allocation
Sector Value Financial Services 26.72% Industrials 19.39% Basic Materials 15.74% Consumer Cyclical 11.27% Energy 6.41% Technology 5.82% Utility 4.38% Consumer Defensive 4% Health Care 3.6% Real Estate 1.95% Asset Allocation
Asset Class Value Cash 0.67% Equity 99.29% Debt 0.04% Top Securities Holdings / Portfolio
Name Holding Value Quantity State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN4% ₹66 Cr 752,000 Oil India Ltd (Energy)
Equity, Since 31 Mar 23 | OIL4% ₹61 Cr 1,053,000 Vedanta Ltd (Basic Materials)
Equity, Since 31 Mar 24 | 5002954% ₹55 Cr 1,211,000 Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Jul 23 | HAL3% ₹49 Cr 99,900 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK3% ₹47 Cr 290,000
↑ 67,000 Canara Bank (Financial Services)
Equity, Since 31 Aug 22 | 5324833% ₹40 Cr 3,500,000 NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | 5325553% ₹40 Cr 955,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE2% ₹34 Cr 114,000 Bank of Baroda (Financial Services)
Equity, Since 31 Oct 22 | 5321342% ₹33 Cr 1,286,338 Bharat Forge Ltd (Consumer Cyclical)
Equity, Since 31 Mar 24 | 5004932% ₹32 Cr 187,000 6. Invesco India Tax Plan
CAGR/Annualized return of 15.7% since its launch. Ranked 17 in ELSS category. Return for 2023 was 30.9% , 2022 was -7.7% and 2021 was 32.6% . Invesco India Tax Plan
Growth Launch Date 29 Dec 06 NAV (13 Sep 24) ₹131.51 ↑ 0.52 (0.40 %) Net Assets (Cr) ₹2,946 on 31 Jul 24 Category Equity - ELSS AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 1.97 Sharpe Ratio 2.55 Information Ratio 0 Alpha Ratio 0 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Aug 19 ₹10,000 31 Aug 20 ₹10,768 31 Aug 21 ₹16,385 31 Aug 22 ₹16,221 31 Aug 23 ₹18,305 31 Aug 24 ₹26,361 Returns for Invesco India Tax Plan
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 13 Sep 24 Duration Returns 1 Month 7.1% 3 Month 12.3% 6 Month 28.2% 1 Year 43.4% 3 Year 17.3% 5 Year 22.1% 10 Year 15 Year Since launch 15.7% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Amit Nigam 3 Sep 20 3.91 Yr. Dhimant Kothari 29 Mar 18 6.35 Yr. Data below for Invesco India Tax Plan as on 31 Jul 24
Equity Sector Allocation
Sector Value Financial Services 24.39% Industrials 15.52% Consumer Cyclical 12.02% Health Care 11.53% Technology 9.9% Basic Materials 7.55% Consumer Defensive 7.22% Energy 6.44% Utility 2.6% Communication Services 1.01% Asset Allocation
Asset Class Value Cash 0.6% Equity 99.4% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 22 | HDFCBANK7% ₹204 Cr 1,264,814
↑ 90,516 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE5% ₹161 Cr 533,999 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK5% ₹140 Cr 1,153,505 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 23 | TCS5% ₹138 Cr 315,430
↑ 29,811 United Spirits Ltd (Consumer Defensive)
Equity, Since 31 Dec 22 | UNITDSPR3% ₹77 Cr 542,261
↓ -55,449 Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | 5322152% ₹72 Cr 614,075
↑ 50,000 Suzlon Energy Ltd (Industrials)
Equity, Since 31 Aug 23 | SUZLON2% ₹71 Cr 10,229,376 Divi's Laboratories Ltd (Healthcare)
Equity, Since 31 Jan 24 | DIVISLAB2% ₹70 Cr 142,546
↑ 12,147 Apollo Hospitals Enterprise Ltd (Healthcare)
Equity, Since 30 Nov 22 | APOLLOHOSP2% ₹67 Cr 100,754
↑ 40,640 Clean Science and Technology Ltd (Basic Materials)
Equity, Since 31 May 23 | 5433182% ₹64 Cr 395,319
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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