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Best Tax Saving Mutual Funds Plans FY 19 - 20
Best tax saving Mutual Funds (ELSS) are funds that help people save a lot of money on taxes along with earning capital appreciation on their investments.
Tax Saving ELSS funds allow tax exemptions up to INR 1,50,000 under Section 80C of the Income Tax Act. Therefore, by Investing in these tax saving Mutual Funds, even the investors in the highest tax bracket of 30% can avail tax exemptions of around INR 46,000 for a particular financial year along with earning good returns.
As tax saving Mutual Funds (or ELSS as it is commonly called) are market-linked investments, investors are suggested to carry out investments in these funds wisely so as to avert long-term losses and risks.
Benefits of Best Tax Saving Mutual Funds ELSS FY 19 - 20
Saving Under section 80C IT Act 1961
- ELSS Mutual Funds provide tax exemptions up to INR 1,50,000.
- The ELSS returns are much higher than the returns offered by other Tax Saving Investment options.
- Tax saving Mutual Funds or ELSS have the shortest lock-in period of 3 years, which is comparatively much less than other tax saving investments.
- The ELSS funds offer an option to invest via SIP, so the investors can easily manage their ELSS investment by investing small amounts monthly.
All the above-mentioned factors make ELSS one of the best tax saving Mutual Funds.
As the tax season approaches, people start making investments to save tax. Time and again it is said by financial advisors and fund houses that a SIP is one of the best ways to invest in tax saving Mutual Funds (ELSS) as it keeps your investment disciplined and balanced. However, as per reports, still barely 15% of the total investments in ELSS funds takes place through SIP and the remaining 85% is via lump sum. So, the investors are advised to invest in tax saving Mutual Funds (ELSS) via a SIP (Systematic Investment plan) as the fiscal year begins. Don’t wait, invest now!
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Top 4 Best performing Tax Saving ELSS Mutual Funds
To generate long-term capital appreciation through investments made primarily in equity and equity related securities of companies. ICICI Prudential Long Term Equity Fund (Tax Saving) is a Equity - ELSS fund was launched on 19 Aug 99. It is a fund with Moderately High risk and has given a Below is the key information for ICICI Prudential Long Term Equity Fund (Tax Saving) Returns up to 1 year are on (ELSS Scheme) Seeking to provide long term capital appreciation by predominantly investing in equities and to facilitate the subscribers to seek tax benefits as provided under Section 80 C of the Income Tax Act, 1961. However, there can be no assurance that the investment objective of
the scheme will be realized. Canara Robeco Equity Tax Saver is a Equity - ELSS fund was launched on 2 Feb 09. It is a fund with Moderately High risk and has given a Below is the key information for Canara Robeco Equity Tax Saver Returns up to 1 year are on The investment objective of the scheme is to generate long term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments. The Scheme does not guarantee or assure any returns. Mirae Asset Tax Saver Fund is a Equity - ELSS fund was launched on 28 Dec 15. It is a fund with Moderately High risk and has given a Below is the key information for Mirae Asset Tax Saver 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 Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2018 (%) Since launch (%) ICICI Prudential Long Term Equity Fund (Tax Saving) Growth ₹385.41
↑ 2.28 ₹5,614 6.1 10 8.7 13.9 15.3 0.5 20.4 Canara Robeco Equity Tax Saver Growth ₹65.82
↑ 0.41 ₹851 6.3 11.3 9 14.4 14.9 2.7 20.3 Mirae Asset Tax Saver Fund Growth ₹17.858
↑ 0.12 ₹1,381 7.3 11 9.5 21.7 -2.3 19.2 IDFC Tax Advantage (ELSS) Fund Growth ₹56.91
↑ 0.25 ₹1,741 7.1 8 -4 15.7 17 -9.4 18.4 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 16 Apr 19 100 Crore sorted on annualized returns since launch / inception.
1. ICICI Prudential Long Term Equity Fund (Tax Saving)
CAGR/Annualized return of 20.4% since its launch. Ranked 30 in ELSS category. Return for 2018 was 0.5% , 2017 was 26% and 2016 was 3.9% . ICICI Prudential Long Term Equity Fund (Tax Saving)
Growth Launch Date 19 Aug 99 NAV (16 Apr 19) ₹385.41 ↑ 2.28 (0.60 %) Net Assets (Cr) ₹5,614 on 28 Feb 19 Category Equity - ELSS AMC ICICI Prudential Asset Management Company Limited Rating ☆☆ Risk Moderately High Expense Ratio 2.39 Sharpe Ratio -0.27 Information Ratio -0.52 Alpha Ratio -0.05 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 14 ₹10,000 31 Mar 15 ₹14,486 31 Mar 16 ₹13,655 31 Mar 17 ₹17,340 31 Mar 18 ₹18,582 31 Mar 19 ₹20,216 Returns for ICICI Prudential Long Term Equity Fund (Tax Saving)
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 19 Duration Returns 1 Month 4% 3 Month 6.1% 6 Month 10% 1 Year 8.7% 3 Year 13.9% 5 Year 15.3% Since launch 20.4% 10 Year 15 Year Historical performance (Yearly) on absolute basis
Year Returns 2018 0.5% 2017 26% 2016 3.9% 2015 4.3% 2014 50.8% 2013 10.2% 2012 37.6% 2011 -24% 2010 24.1% 2009 112% Fund Manager information for ICICI Prudential Long Term Equity Fund (Tax Saving)
Name Since Tenure Sankaran Naren 5 Nov 18 0.32 Yr. Priyanka Khandelwal 15 Jun 17 1.71 Yr. Harish Bihani 5 Nov 18 0.32 Yr. Data below for ICICI Prudential Long Term Equity Fund (Tax Saving) as on 28 Feb 19
Equity Sector Allocation
Sector Value Financial Services 23.61% Basic Materials 9.83% Utility 9.1% Consumer Cyclical 9.04% Health Care 8.47% Consumer Defensive 7.96% Technology 7.64% Industrials 7.36% Energy 5.32% Communication Services 4.3% Asset Allocation
Asset Class Value Cash 7.36% Equity 92.64% Top Securities Holdings / Portfolio
Name Holding Value Quantity Treps
CBLO/Reverse Repo | -8% ₹475 Cr ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 17 | ITC6% ₹357 Cr 12,000,000
↓ -1,834,485 NTPC Ltd (Utilities)
Equity, Since 31 Jul 17 | 5325556% ₹345 Cr 25,618,112
↑ 1,048,972 Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 30 Nov 18 | 5003124% ₹273 Cr 17,095,014 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 17 | BHARTIARTL4% ₹266 Cr 8,000,000
↓ -241,799 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 18 | ICICIBANK4% ₹240 Cr 6,000,000
↓ -166,698 Infosys Ltd (Technology)
Equity, Since 30 Jun 16 | INFY4% ₹228 Cr 3,059,453 Hindalco Industries Ltd (Basic Materials)
Equity, Since 30 Nov 18 | HINDALCO4% ₹225 Cr 10,936,197
↑ 936,197 State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN4% ₹222 Cr 6,906,964 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Oct 18 | LT3% ₹214 Cr 1,543,500 2. Canara Robeco Equity Tax Saver
CAGR/Annualized return of 20.3% since its launch. Ranked 36 in ELSS category. Return for 2018 was 2.7% , 2017 was 32% and 2016 was 0% . Canara Robeco Equity Tax Saver
Growth Launch Date 2 Feb 09 NAV (16 Apr 19) ₹65.82 ↑ 0.41 (0.63 %) Net Assets (Cr) ₹851 on 28 Feb 19 Category Equity - ELSS AMC Canara Robeco Asset Management Co. Ltd. Rating ☆ Risk Moderately High Expense Ratio 2.59 Sharpe Ratio 0.01 Information Ratio -0.23 Alpha Ratio 0.01 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 14 ₹10,000 31 Mar 15 ₹14,422 31 Mar 16 ₹13,077 31 Mar 17 ₹15,496 31 Mar 18 ₹17,524 31 Mar 19 ₹19,924 Returns for Canara Robeco Equity Tax Saver
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 19 Duration Returns 1 Month 2.9% 3 Month 6.3% 6 Month 11.3% 1 Year 9% 3 Year 14.4% 5 Year 14.9% Since launch 20.3% 10 Year 15 Year Historical performance (Yearly) on absolute basis
Year Returns 2018 2.7% 2017 32% 2016 0% 2015 0.6% 2014 45.2% 2013 5.3% 2012 30% 2011 -16.3% 2010 24.9% 2009 Fund Manager information for Canara Robeco Equity Tax Saver
Name Since Tenure Krishna Sanghavi 16 Oct 18 0.37 Yr. Cheenu Gupta 12 Mar 18 0.97 Yr. Data below for Canara Robeco Equity Tax Saver as on 28 Feb 19
Equity Sector Allocation
Sector Value Financial Services 28.95% Industrials 25.85% Technology 10.84% Consumer Cyclical 7.6% Consumer Defensive 6.76% Basic Materials 5.67% Energy 5.04% Utility 2.85% Health Care 2.62% Asset Allocation
Asset Class Value Cash 3.83% Equity 96.17% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 08 | HDFCBANK7% ₹71 Cr 306,842
↓ -30,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK6% ₹60 Cr 1,502,000
↓ -417,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 17 | RELIANCE5% ₹48 Cr 351,500
↓ -69,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322155% ₹47 Cr 604,000
↓ -67,000 Treps
CBLO/Reverse Repo | -5% ₹44 Cr Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 18 | LT4% ₹36 Cr 263,200 State Bank of India (Financial Services)
Equity, Since 31 Aug 18 | SBIN4% ₹36 Cr 1,107,000
↓ -385,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 18 | INFY3% ₹27 Cr 368,500
↓ -245,500 VIP Industries Ltd (Consumer Cyclical)
Equity, Since 31 Mar 18 | 5078803% ₹27 Cr 559,034 Divi's Laboratories Ltd (Healthcare)
Equity, Since 31 Dec 18 | DIVISLAB3% ₹25 Cr 146,500
↑ 15,000 3. Mirae Asset Tax Saver Fund
CAGR/Annualized return of 19.2% since its launch. Return for 2018 was -2.3% , 2017 was 47.9% and 2016 was 14.8% . Mirae Asset Tax Saver Fund
Growth Launch Date 28 Dec 15 NAV (16 Apr 19) ₹17.858 ↑ 0.12 (0.70 %) Net Assets (Cr) ₹1,381 on 28 Feb 19 Category Equity - ELSS AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating Risk Moderately High Expense Ratio 2.45 Sharpe Ratio -0.16 Information Ratio 1.59 Alpha Ratio -0.8 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 16 ₹9,670 31 Mar 17 ₹13,372 31 Mar 18 ₹15,531 31 Mar 19 ₹17,502 Returns for Mirae Asset Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 19 Duration Returns 1 Month 2.7% 3 Month 7.3% 6 Month 11% 1 Year 9.5% 3 Year 21.7% 5 Year Since launch 19.2% 10 Year 15 Year Historical performance (Yearly) on absolute basis
Year Returns 2018 -2.3% 2017 47.9% 2016 14.8% 2015 2014 2013 2012 2011 2010 2009 Fund Manager information for Mirae Asset Tax Saver Fund
Name Since Tenure Neelesh Surana 28 Dec 15 3.1 Yr. Data below for Mirae Asset Tax Saver Fund as on 28 Feb 19
Equity Sector Allocation
Sector Value Financial Services 30.9% Consumer Cyclical 12.92% Technology 9.65% Industrials 8.69% Consumer Defensive 7.52% Basic Materials 7.14% Health Care 6.23% Energy 5.96% Utility 2.52% Asset Allocation
Asset Class Value Cash 8.47% Equity 91.53% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK8% ₹143 Cr 615,318
↑ 32,413 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK5% ₹97 Cr 2,423,566
↑ 354,398 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 15 | RELIANCE5% ₹88 Cr 647,376 Net Receivables / (Payables)
Net Current Assets | -4% ₹78 Cr Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 5322154% ₹78 Cr 1,001,193 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 16 | LT4% ₹68 Cr 489,055
↑ 223,514 Tri Party Repo
CBLO/Reverse Repo | -4% ₹67 Cr Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY3% ₹59 Cr 799,780
↑ 226,091 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Dec 15 | TCS3% ₹57 Cr 286,820
↑ 20,035 State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN3% ₹57 Cr 1,776,357
↑ 100,000 4. IDFC Tax Advantage (ELSS) Fund
CAGR/Annualized return of 18.4% since its launch. Ranked 3 in ELSS category. Return for 2018 was -9.4% , 2017 was 53.4% and 2016 was 0.4% . IDFC Tax Advantage (ELSS) Fund
Growth Launch Date 26 Dec 08 NAV (16 Apr 19) ₹56.91 ↑ 0.25 (0.44 %) Net Assets (Cr) ₹1,741 on 28 Feb 19 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.74 Sharpe Ratio -0.96 Information Ratio -0.07 Alpha Ratio -12.71 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 14 ₹10,000 31 Mar 15 ₹15,445 31 Mar 16 ₹13,889 31 Mar 17 ₹17,705 31 Mar 18 ₹21,674 31 Mar 19 ₹21,875 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 19 Duration Returns 1 Month 2.1% 3 Month 7.1% 6 Month 8% 1 Year -4% 3 Year 15.7% 5 Year 17% Since launch 18.4% 10 Year 15 Year Historical performance (Yearly) on absolute basis
Year Returns 2018 -9.4% 2017 53.4% 2016 0.4% 2015 6.9% 2014 42.2% 2013 15% 2012 36.2% 2011 -23.3% 2010 24% 2009 70.8% Fund Manager information for IDFC Tax Advantage (ELSS) Fund
Name Since Tenure Daylynn Pinto 20 Oct 16 2.28 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 28 Feb 19
Equity Sector Allocation
Sector Value Financial Services 27.53% Consumer Cyclical 15.25% Basic Materials 11.55% Industrials 10.1% Technology 8.39% Health Care 6.34% Energy 6.05% Consumer Defensive 3.51% Utility 3.4% Asset Allocation
Asset Class Value Cash 6.87% Equity 92.72% Other 0.4% Top Securities Holdings / Portfolio
Name Holding Value Quantity Triparty Repo
CBLO/Reverse Repo | -6% ₹126 Cr ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK6% ₹124 Cr 3,100,000
↑ 100,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK4% ₹81 Cr 350,000 State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN4% ₹80 Cr 2,500,000
↑ 100,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE4% ₹75 Cr 550,000 Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 18 | 5322154% ₹72 Cr 925,000
↑ 25,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY3% ₹67 Cr 900,000
↓ -50,000 RBL Bank Ltd (Financial Services)
Equity, Since 31 Aug 16 | RBLBANK3% ₹54 Cr 800,000 Future Retail Ltd (Consumer Cyclical)
Equity, Since 31 Aug 16 | FRETAIL3% ₹52 Cr 1,140,000
↑ 98,246 Nestle India Ltd (Consumer Defensive)
Equity, Since 28 Feb 18 | NESTLEIND2% ₹37 Cr 34,000
↑ 4,000
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