Table of Contents
Best Tax Saving Mutual Funds Plans FY 20 - 21
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 20 - 21
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!
Talk to our investment specialist
Top 4 Best performing Tax Saving ELSS Mutual Funds
(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 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 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 To generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related securities. However, there can be no assurance that the investment objective of the Scheme will be achieved. Axis Long Term Equity Fund is a Equity - ELSS fund was launched on 29 Dec 09. It is a fund with Moderately High risk and has given a Below is the key information for Axis Long Term Equity Fund Returns up to 1 year are on Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2019 (%) Since launch (%) Canara Robeco Equity Tax Saver Growth ₹74.81
↑ 0.21 ₹1,181 12.3 26.1 12.6 9.6 10 10.7 18.8 ICICI Prudential Long Term Equity Fund (Tax Saving) Growth ₹366.3
↑ 3.95 ₹6,328 5.6 19 -1.1 3.7 6.1 8.8 18.5 BOI AXA Tax Advantage Fund Growth ₹62.42
↑ 0.46 ₹309 15.2 28.2 17.5 5.8 10.1 14.6 17 Axis Long Term Equity Fund Growth ₹47.6212
↑ 0.27 ₹21,836 7.7 16.9 -0.8 6.2 8.9 14.8 15.5 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Oct 20 100 Crore sorted on annualized returns since launch / inception.
1. Canara Robeco Equity Tax Saver
CAGR/Annualized return of 18.8% since its launch. Ranked 36 in ELSS category. Return for 2019 was 10.7% , 2018 was 2.7% and 2017 was 32% . Canara Robeco Equity Tax Saver
Growth Launch Date 2 Feb 09 NAV (19 Oct 20) ₹74.81 ↑ 0.21 (0.28 %) Net Assets (Cr) ₹1,181 on 30 Sep 20 Category Equity - ELSS AMC Canara Robeco Asset Management Co. Ltd. Rating ☆ Risk Moderately High Expense Ratio 2.32 Sharpe Ratio 0.33 Information Ratio 0.64 Alpha Ratio 9.66 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 15 ₹10,000 30 Sep 16 ₹10,903 30 Sep 17 ₹12,345 30 Sep 18 ₹13,510 30 Sep 19 ₹14,593 30 Sep 20 ₹16,136 Returns for Canara Robeco Equity Tax Saver
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Oct 20 Duration Returns 1 Month 1.9% 3 Month 12.3% 6 Month 26.1% 1 Year 12.6% 3 Year 9.6% 5 Year 10% Since launch 18.8% 10 Year 15 Year Historical performance (Yearly) on absolute basis
Year Returns 2019 10.7% 2018 2.7% 2017 32% 2016 0% 2015 0.6% 2014 45.2% 2013 5.3% 2012 30% 2011 -16.3% 2010 24.9% Fund Manager information for Canara Robeco Equity Tax Saver
Name Since Tenure Shridatta Bhandwaldar 1 Oct 19 1 Yr. Cheenu Gupta 12 Mar 18 2.56 Yr. Data below for Canara Robeco Equity Tax Saver as on 30 Sep 20
Equity Sector Allocation
Sector Value Technology 24.05% Financial Services 21.96% Basic Materials 11.71% Consumer Cyclical 9.61% Energy 8.95% Health Care 8.38% Industrials 6.64% Consumer Defensive 4.14% Communication Services 0.89% Asset Allocation
Asset Class Value Cash 2.65% Equity 97.35% Top Securities Holdings / Portfolio
Name Holding Value Quantity Infosys Ltd (Technology)
Equity, Since 31 Jul 18 | INFY9% ₹108 Cr 1,074,500 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 19 | RELIANCE9% ₹106 Cr 473,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK6% ₹67 Cr 1,876,000
↑ 250,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 08 | HDFCBANK5% ₹59 Cr 543,184
↓ -105,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 20 | TCS4% ₹45 Cr 180,000
↓ -48,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 19 | 5000344% ₹42 Cr 126,650
↑ 7,500 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Oct 16 | 5006963% ₹35 Cr 168,330
↓ -54,000 Divi's Laboratories Ltd (Healthcare)
Equity, Since 31 Dec 18 | DIVISLAB3% ₹34 Cr 112,500
↓ -30,000 Voltas Ltd (Industrials)
Equity, Since 31 Jul 20 | VOLTAS2% ₹27 Cr 395,000
↑ 80,000 HDFC Life Insurance Co Ltd (Financial Services)
Equity, Since 30 Apr 20 | 5407772% ₹26 Cr 473,000 2. ICICI Prudential Long Term Equity Fund (Tax Saving)
CAGR/Annualized return of 18.5% since its launch. Ranked 30 in ELSS category. Return for 2019 was 8.8% , 2018 was 0.5% and 2017 was 26% . ICICI Prudential Long Term Equity Fund (Tax Saving)
Growth Launch Date 19 Aug 99 NAV (19 Oct 20) ₹366.3 ↑ 3.95 (1.09 %) Net Assets (Cr) ₹6,328 on 30 Sep 20 Category Equity - ELSS AMC ICICI Prudential Asset Management Company Limited Rating ☆☆ Risk Moderately High Expense Ratio 2.01 Sharpe Ratio -0.06 Information Ratio -0.22 Alpha Ratio -3.75 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 15 ₹10,000 30 Sep 16 ₹11,337 30 Sep 17 ₹12,189 30 Sep 18 ₹13,509 30 Sep 19 ₹13,699 30 Sep 20 ₹13,318 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 19 Oct 20 Duration Returns 1 Month -0.2% 3 Month 5.6% 6 Month 19% 1 Year -1.1% 3 Year 3.7% 5 Year 6.1% Since launch 18.5% 10 Year 15 Year Historical performance (Yearly) on absolute basis
Year Returns 2019 8.8% 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% Fund Manager information for ICICI Prudential Long Term Equity Fund (Tax Saving)
Name Since Tenure Priyanka Khandelwal 15 Jun 17 3.3 Yr. Harish Bihani 5 Nov 18 1.9 Yr. Data below for ICICI Prudential Long Term Equity Fund (Tax Saving) as on 30 Sep 20
Equity Sector Allocation
Sector Value Financial Services 27.61% Technology 13.39% Health Care 9.13% Consumer Defensive 8.71% Utility 8% Communication Services 7.96% Basic Materials 6.96% Industrials 6.74% Energy 6.36% Consumer Cyclical 3.68% Real Estate 0.47% Asset Allocation
Asset Class Value Cash 0.99% Equity 99.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 17 | BHARTIARTL8% ₹507 Cr 9,885,482
↑ 1,177,213 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 17 | HDFCBANK7% ₹451 Cr 4,039,135
↑ 51,065 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 18 | ICICIBANK6% ₹420 Cr 10,634,182
↑ 185,000 NTPC Ltd (Utilities)
Equity, Since 31 Jul 17 | 5325555% ₹335 Cr 34,799,716 Infosys Ltd (Technology)
Equity, Since 30 Jun 16 | INFY5% ₹331 Cr 3,563,502
↑ 228,377 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Aug 20 | HDFC3% ₹202 Cr 1,104,750
↑ 1,104,750 ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 17 | ITC3% ₹199 Cr 10,406,827
↓ -1,437,084 Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 5322153% ₹186 Cr 3,745,521
↑ 443,226 Hindalco Industries Ltd (Basic Materials)
Equity, Since 30 Nov 18 | HINDALCO3% ₹168 Cr 9,084,321
↓ -4,462,191 Reliance Industries Ltd (Energy)
Equity, Since 31 May 20 | RELIANCE2% ₹158 Cr 758,581 3. BOI AXA Tax Advantage Fund
CAGR/Annualized return of 17% since its launch. Ranked 13 in ELSS category. Return for 2019 was 14.6% , 2018 was -16.3% and 2017 was 57.7% . BOI AXA Tax Advantage Fund
Growth Launch Date 25 Feb 09 NAV (19 Oct 20) ₹62.42 ↑ 0.46 (0.74 %) Net Assets (Cr) ₹309 on 30 Sep 20 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.67 Sharpe Ratio 0.5 Information Ratio 0.29 Alpha Ratio 12.77 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 15 ₹10,000 30 Sep 16 ₹10,827 30 Sep 17 ₹13,180 30 Sep 18 ₹12,667 30 Sep 19 ₹13,783 30 Sep 20 ₹16,019 Returns for BOI AXA Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Oct 20 Duration Returns 1 Month 0.6% 3 Month 15.2% 6 Month 28.2% 1 Year 17.5% 3 Year 5.8% 5 Year 10.1% Since launch 17% 10 Year 15 Year Historical performance (Yearly) on absolute basis
Year Returns 2019 14.6% 2018 -16.3% 2017 57.7% 2016 -1.2% 2015 2.1% 2014 44% 2013 9.1% 2012 24.8% 2011 -24.1% 2010 5.9% Fund Manager information for BOI AXA Tax Advantage Fund
Name Since Tenure Aakash Manghani 15 Jul 19 1.21 Yr. Data below for BOI AXA Tax Advantage Fund as on 30 Sep 20
Equity Sector Allocation
Sector Value Financial Services 23.78% Basic Materials 17.72% Health Care 17.52% Technology 12.09% Consumer Cyclical 7.84% Energy 6.12% Industrials 4.47% Consumer Defensive 3.33% Communication Services 2.28% Utility 0.54% Asset Allocation
Asset Class Value Cash 2.2% Equity 97.8% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE6% ₹19 Cr 84,728
↓ -2,782 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK6% ₹18 Cr 163,956
↓ -2,837 PI Industries Ltd (Basic Materials)
Equity, Since 30 Nov 18 | PIIND5% ₹14 Cr 71,295 Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 18 | DIVISLAB3% ₹10 Cr 33,163
↓ -2,102 Laurus Labs Ltd (Healthcare)
Equity, Since 30 Jun 20 | 5402223% ₹10 Cr 336,025
↓ -76,660 Navin Fluorine International Ltd (Basic Materials)
Equity, Since 31 Jul 19 | 5325043% ₹9 Cr 42,952 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | KOTAKBANK3% ₹9 Cr 72,782 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK3% ₹9 Cr 257,696
↓ -8,252 Infosys Ltd (Technology)
Equity, Since 30 Jun 20 | INFY3% ₹9 Cr 87,279
↑ 6,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 18 | 5000342% ₹7 Cr 22,466
↑ 810 4. Axis Long Term Equity Fund
CAGR/Annualized return of 15.5% since its launch. Ranked 20 in ELSS category. Return for 2019 was 14.8% , 2018 was 2.7% and 2017 was 37.4% . Axis Long Term Equity Fund
Growth Launch Date 29 Dec 09 NAV (19 Oct 20) ₹47.6212 ↑ 0.27 (0.56 %) Net Assets (Cr) ₹21,836 on 30 Sep 20 Category Equity - ELSS AMC Axis Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 1.72 Sharpe Ratio -0.07 Information Ratio 0.18 Alpha Ratio -2.93 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 15 ₹10,000 30 Sep 16 ₹10,800 30 Sep 17 ₹12,640 30 Sep 18 ₹13,656 30 Sep 19 ₹15,310 30 Sep 20 ₹15,192 Returns for Axis Long Term Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Oct 20 Duration Returns 1 Month 1.3% 3 Month 7.7% 6 Month 16.9% 1 Year -0.8% 3 Year 6.2% 5 Year 8.9% Since launch 15.5% 10 Year 15 Year Historical performance (Yearly) on absolute basis
Year Returns 2019 14.8% 2018 2.7% 2017 37.4% 2016 -0.7% 2015 6.7% 2014 66.2% 2013 16.5% 2012 33.7% 2011 -14.8% 2010 30% Fund Manager information for Axis Long Term Equity Fund
Name Since Tenure Jinesh Gopani 1 Apr 11 9.51 Yr. Data below for Axis Long Term Equity Fund as on 30 Sep 20
Equity Sector Allocation
Sector Value Financial Services 32.96% Consumer Cyclical 13.93% Consumer Defensive 12.6% Technology 11.82% Health Care 7.87% Basic Materials 7.38% Communication Services 6.54% Utility 3.74% Industrials 1.72% Asset Allocation
Asset Class Value Cash 1.44% Equity 98.56% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | 5000348% ₹1,835 Cr 5,597,442
↑ 106,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 17 | TCS8% ₹1,788 Cr 7,173,985
↑ 600,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK7% ₹1,500 Cr 13,905,723
↓ -415,000 Info Edge (India) Ltd (Communication Services)
Equity, Since 31 May 14 | NAUKRI7% ₹1,429 Cr 3,930,404
↑ 79,000 Nestle India Ltd (Consumer Defensive)
Equity, Since 31 Aug 14 | NESTLEIND6% ₹1,412 Cr 887,005
↑ 16,200 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 11 | KOTAKBANK6% ₹1,375 Cr 10,845,282
↓ -647,354 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Nov 10 | MARUTI6% ₹1,288 Cr 1,910,742
↓ -38,461 Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 30 Apr 17 | 5403765% ₹1,152 Cr 5,227,586
↑ 408,000 Pidilite Industries Ltd (Basic Materials)
Equity, Since 30 Nov 14 | PIDILITIND5% ₹993 Cr 6,920,272 Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Nov 17 | DIVISLAB4% ₹963 Cr 3,160,574
↓ -217,000
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.
You Might Also Like
AMFI Registration No. 112358 | CIN: U74999MH2016PTC282153
Shepard Technologies Pvt. Ltd. (with ARN code 112358) makes no warranties or representations, express or implied, on products offered through the platform. It accepts no liability for any damages or losses, however caused, in connection with the use of, or on the reliance of its product or related services. Terms and conditions of the website are applicable.
©2020 Shepard Technologies Private Limited. All Rights Reserved