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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!
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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 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 (%) ICICI Prudential Long Term Equity Fund (Tax Saving) Growth ₹285.05
↑ 19.31 ₹6,298 -26.8 -19.3 -25 -4.3 0.5 8.8 17.6 Canara Robeco Equity Tax Saver Growth ₹56.45
↑ 4.11 ₹1,036 -16.5 -10.9 -13.2 3 3 10.7 16.7 BOI AXA Tax Advantage Fund Growth ₹46.98
↑ 2.61 ₹280 -14.4 -8 -6.5 3.1 3.4 14.6 14.9 Axis Long Term Equity Fund Growth ₹38.752
↑ 2.38 ₹21,659 -20.6 -15.8 -12.2 3.6 3.9 14.8 14.1 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 8 Apr 20 100 Crore sorted on annualized returns since launch / inception.
1. ICICI Prudential Long Term Equity Fund (Tax Saving)
CAGR/Annualized return of 17.6% 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 (08 Apr 20) ₹285.05 ↑ 19.31 (7.30 %) Net Assets (Cr) ₹6,298 on 29 Feb 20 Category Equity - ELSS AMC ICICI Prudential Asset Management Company Limited Rating ☆☆ Risk Moderately High Expense Ratio 2.17 Sharpe Ratio 0.11 Information Ratio -0.41 Alpha Ratio -0.48 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 15 ₹10,000 31 Mar 16 ₹9,426 31 Mar 17 ₹11,970 31 Mar 18 ₹12,827 31 Mar 19 ₹13,956 31 Mar 20 ₹10,139 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 8 Apr 20 Duration Returns 1 Month -20% 3 Month -26.8% 6 Month -19.3% 1 Year -25% 3 Year -4.3% 5 Year 0.5% Since launch 17.6% 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 Sankaran Naren 5 Nov 18 1.15 Yr. Priyanka Khandelwal 15 Jun 17 2.55 Yr. Harish Bihani 5 Nov 18 1.15 Yr. Data below for ICICI Prudential Long Term Equity Fund (Tax Saving) as on 29 Feb 20
Equity Sector Allocation
Sector Value Financial Services 25.79% Utility 9.84% Communication Services 9.44% Health Care 8.82% Industrials 7.67% Energy 7.47% Basic Materials 7.06% Technology 6.81% Consumer Defensive 6.27% Consumer Cyclical 6.22% Real Estate 0.49% Asset Allocation
Asset Class Value Cash 3.78% Equity 96.22% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 17 | BHARTIARTL8% ₹491 Cr 9,387,749
↓ -118,733 NTPC Ltd (Utilities)
Equity, Since 31 Jul 17 | 5325557% ₹426 Cr 40,000,000
↑ 4,740,879 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 18 | ICICIBANK7% ₹418 Cr 8,402,979 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 17 | HDFCBANK6% ₹392 Cr 3,331,119
↑ 150,000 Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 30 Nov 18 | 5003124% ₹276 Cr 30,000,000
↑ 4,999,907 Treps
CBLO/Reverse Repo | -4% ₹271 Cr ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 17 | ITC4% ₹242 Cr 12,253,608 Hindalco Industries Ltd (Basic Materials)
Equity, Since 30 Nov 18 | HINDALCO4% ₹227 Cr 14,585,604 Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 5322153% ₹187 Cr 2,679,464 Infosys Ltd (Technology)
Equity, Since 30 Jun 16 | INFY3% ₹183 Cr 2,498,702
↓ -345,000 2. Canara Robeco Equity Tax Saver
CAGR/Annualized return of 16.7% 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 (08 Apr 20) ₹56.45 ↑ 4.11 (7.97 %) Net Assets (Cr) ₹1,036 on 29 Feb 20 Category Equity - ELSS AMC Canara Robeco Asset Management Co. Ltd. Rating ☆ Risk Moderately High Expense Ratio 2.32 Sharpe Ratio 0.89 Information Ratio 0.66 Alpha Ratio 10.65 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 15 ₹10,000 31 Mar 16 ₹9,068 31 Mar 17 ₹10,745 31 Mar 18 ₹12,151 31 Mar 19 ₹13,815 31 Mar 20 ₹11,442 Returns for Canara Robeco Equity Tax Saver
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 8 Apr 20 Duration Returns 1 Month -17.7% 3 Month -16.5% 6 Month -10.9% 1 Year -13.2% 3 Year 3% 5 Year 3% Since launch 16.7% 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 0.16 Yr. Cheenu Gupta 12 Mar 18 1.72 Yr. Data below for Canara Robeco Equity Tax Saver as on 29 Feb 20
Equity Sector Allocation
Sector Value Financial Services 32.61% Health Care 13.11% Consumer Defensive 10.94% Industrials 9.97% Technology 7.76% Basic Materials 6.98% Energy 6.59% Consumer Cyclical 4.68% Communication Services 3.39% Asset Allocation
Asset Class Value Cash 3.91% Equity 96.09% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK7% ₹69 Cr 1,386,000
↑ 50,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 19 | RELIANCE7% ₹68 Cr 514,000
↑ 37,500 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 19 | 5000346% ₹61 Cr 136,650
↑ 7,500 Treps
CBLO/Reverse Repo | -6% ₹58 Cr Infosys Ltd (Technology)
Equity, Since 31 Jul 18 | INFY6% ₹58 Cr 789,500 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 08 | HDFCBANK5% ₹48 Cr 408,184
↓ -275,000 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Oct 16 | 5006964% ₹47 Cr 213,830 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322154% ₹44 Cr 628,500
↑ 177,500 Divi's Laboratories Ltd (Healthcare)
Equity, Since 31 Dec 18 | DIVISLAB4% ₹44 Cr 206,500 Bharti Airtel Ltd (Communication Services)
Equity, Since 29 Feb 20 | BHARTIARTL3% ₹35 Cr 672,000
↑ 672,000 3. BOI AXA Tax Advantage Fund
CAGR/Annualized return of 14.9% 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 (08 Apr 20) ₹46.98 ↑ 2.61 (5.98 %) Net Assets (Cr) ₹280 on 29 Feb 20 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 3.02 Sharpe Ratio 1.32 Information Ratio 0.52 Alpha Ratio 16.52 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 15 ₹10,000 31 Mar 16 ₹9,000 31 Mar 17 ₹10,990 31 Mar 18 ₹14,041 31 Mar 19 ₹12,907 31 Mar 20 ₹11,598 Returns for BOI AXA Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 8 Apr 20 Duration Returns 1 Month -16.6% 3 Month -14.4% 6 Month -8% 1 Year -6.5% 3 Year 3.1% 5 Year 3.4% Since launch 14.9% 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 0.46 Yr. Data below for BOI AXA Tax Advantage Fund as on 29 Feb 20
Equity Sector Allocation
Sector Value Financial Services 33.43% Basic Materials 12.54% Consumer Cyclical 9.03% Consumer Defensive 8.8% Health Care 8.79% Industrials 7.03% Technology 4.52% Communication Services 4.18% Energy 4.11% Utility 1.15% Real Estate 1.02% Asset Allocation
Asset Class Value Cash 5.38% Equity 94.62% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 18 | 5000347% ₹19 Cr 43,629
↑ 1,426 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK6% ₹15 Cr 131,575
↓ -4,748 Repo
CBLO/Reverse Repo | -5% ₹14 Cr ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK4% ₹12 Cr 243,281
↓ -18,810 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE4% ₹12 Cr 86,583 Abbott India Ltd (Healthcare)
Equity, Since 31 Aug 18 | 5004883% ₹10 Cr 6,158
↑ 427 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | KOTAKBANK3% ₹10 Cr 59,607
↓ -3,700 PI Industries Ltd (Basic Materials)
Equity, Since 30 Nov 18 | PIIND3% ₹9 Cr 60,346
↑ 6,191 Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 18 | DIVISLAB3% ₹7 Cr 34,011 Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 31 Oct 18 | 5403762% ₹7 Cr 28,674 4. Axis Long Term Equity Fund
CAGR/Annualized return of 14.1% 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 (08 Apr 20) ₹38.752 ↑ 2.38 (6.55 %) Net Assets (Cr) ₹21,659 on 29 Feb 20 Category Equity - ELSS AMC Axis Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.13 Sharpe Ratio 1.23 Information Ratio 0.97 Alpha Ratio 12.46 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 15 ₹10,000 31 Mar 16 ₹9,396 31 Mar 17 ₹11,115 31 Mar 18 ₹12,982 31 Mar 19 ₹14,088 31 Mar 20 ₹12,410 Returns for Axis Long Term Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 8 Apr 20 Duration Returns 1 Month -21% 3 Month -20.6% 6 Month -15.8% 1 Year -12.2% 3 Year 3.6% 5 Year 3.9% Since launch 14.1% 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 8.67 Yr. Data below for Axis Long Term Equity Fund as on 29 Feb 20
Equity Sector Allocation
Sector Value Financial Services 37.19% Consumer Defensive 13.5% Consumer Cyclical 12.34% Technology 7.56% Basic Materials 6.89% Communication Services 6.83% Utility 3.61% Industrials 3.6% Health Care 2.23% Asset Allocation
Asset Class Value Cash 6.26% Equity 93.74% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | 5000349% ₹1,894 Cr 4,241,235
↓ -276,444 Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 30 Apr 17 | 5403768% ₹1,832 Cr 7,881,255
↑ 488,042 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 11 | KOTAKBANK8% ₹1,831 Cr 11,301,076 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK6% ₹1,376 Cr 11,681,210
↓ -427,388 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 17 | TCS6% ₹1,336 Cr 6,681,123
↑ 782,163 Pidilite Industries Ltd (Basic Materials)
Equity, Since 30 Nov 14 | PIDILITIND6% ₹1,240 Cr 8,192,895 Clearing Corporation Of India Ltd
CBLO | -5% ₹1,125 Cr Info Edge (India) Ltd (Communication Services)
Equity, Since 31 May 14 | NAUKRI5% ₹1,101 Cr 4,246,384 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFC5% ₹1,061 Cr 4,874,477
↓ -172,185 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Nov 10 | MARUTI5% ₹1,020 Cr 1,623,481
↓ -7,500
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