Table of Contents

Benefits of Best Tax Saving Mutual Funds ELSS FY 19 - 20
- Saving Under section 80C IT Act 1961
Top 4 Best performing Tax Saving ELSS Mutual Funds
How to Invest in ELSS Funds Online?
Top 4 Equity - ELSS Funds

Best Tax Saving Mutual Funds Plans FY 19 - 20

Updated on February 17, 2019 , 113 views

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.

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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!

Top 4 Best performing Tax Saving ELSS Mutual Funds

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	₹338.89 ↑ 0.43	₹5,547	-5.3	-9.7	-2.7	11.8	15	0.5	19.8
Canara Robeco Equity Tax Saver Growth	₹59.33 ↓ -0.04	₹869	-1.8	-9.6	1.5	14.3	14.5	2.7	19.4
IDFC Tax Advantage (ELSS) Fund Growth	₹49.9 ↑ 0.09	₹1,710	-7	-13.4	-13.1	14.3	15.4	-9.4	17.2
Axis Long Term Equity Fund Growth	₹40.2754 ↓ -0.10	₹17,090	-3.1	-10.8	0.1	13.1	18.5	2.7	16.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Feb 19

*Above is the list of Best elss Mutual Funds having Net Assets above 100 Crore sorted on annualized returns since launch / inception.

1. ICICI Prudential Long Term Equity Fund (Tax Saving)

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 CAGR/Annualized return of 19.8% since its launch. Ranked 30 in ELSS category. Return for 2018 was 0.5% , 2017 was 26% and 2016 was 3.9% .

Below is the key information for ICICI Prudential Long Term Equity Fund (Tax Saving)

ICICI Prudential Long Term Equity Fund (Tax Saving) Growth
Launch Date	19 Aug 99
NAV (19 Feb 19)	₹338.89 ↑ 0.43 (0.13 %)
Net Assets (Cr)	₹5,547 on 31 Jan 19
Category	Equity - ELSS
AMC	ICICI Prudential Asset Management Company Limited
Rating	☆☆
Risk	Moderately High
Expense Ratio	2.39
Sharpe Ratio	-0.46
Information Ratio	-0.62
Alpha Ratio	0.44
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Jan 14	₹10,000
31 Jan 15	₹16,480
31 Jan 16	₹15,474
31 Jan 17	₹17,700
31 Jan 18	₹21,610
31 Jan 19	₹20,904

ICICI Prudential Long Term Equity Fund (Tax Saving) SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹447,579.
Net Profit of ₹147,579 Invest Now

Returns for ICICI Prudential Long Term Equity Fund (Tax Saving)

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Feb 19

Duration	Returns
1 Month	-5.5%
3 Month	-5.3%
6 Month	-9.7%
1 Year	-2.7%
3 Year	11.8%
5 Year	15%
Since launch	19.8%
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	0.24 Yr.
Harish Bihani	5 Nov 18	0.24 Yr.

Data below for ICICI Prudential Long Term Equity Fund (Tax Saving) as on 31 Jan 19

Equity Sector Allocation

Sector	Value
Financial Services	24.9%
Consumer Cyclical	12.35%
Health Care	9.23%
Consumer Defensive	9%
Utility	8.91%
Basic Materials	8.5%
Technology	7.77%
Industrials	5.75%
Energy	4.95%
Communication Services	4.56%

Asset Allocation

Asset Class	Value
Cash	4.07%
Equity	95.93%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ITC Ltd (Consumer Defensive) Equity, Since 31 Jul 17 \| ITC	7%	₹388 Cr	13,938,707 ↑ 1,291,883
NTPC Ltd (Utilities) Equity, Since 31 Jul 17 \| 532555	5%	₹286 Cr	20,474,283
Bharti Airtel Ltd (Communication Services) Equity, Since 30 Nov 17 \| BHARTIARTL	5%	₹253 Cr	8,261,560 ↑ 37,479
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jul 17 \| HDFCBANK	5%	₹252 Cr	1,211,357 ↑ 346,276
Oil & Natural Gas Corp Ltd (Energy) Equity, Since 30 Nov 18 \| 500312	5%	₹251 Cr	17,756,224 ↑ 2,784,305
Infosys Ltd (Technology) Equity, Since 30 Jun 16 \| INFY	4%	₹229 Cr	3,059,453 ↓ -240,547
ICICI Bank Ltd (Financial Services) Equity, Since 31 Dec 18 \| ICICIBANK	4%	₹225 Cr	6,166,698 ↑ 2,020,416
Treps CBLO/Reverse Repo \| -	4%	₹214 Cr
State Bank of India (Financial Services) Equity, Since 31 Oct 18 \| SBIN	4%	₹203 Cr	6,906,964
Maruti Suzuki India Ltd (Consumer Cyclical) Equity, Since 28 Feb 18 \| MARUTI	3%	₹169 Cr	253,841 ↑ 103,841

2. Canara Robeco Equity Tax Saver

(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 CAGR/Annualized return of 19.4% since its launch. Ranked 36 in ELSS category. Return for 2018 was 2.7% , 2017 was 32% and 2016 was 0% .

Below is the key information for Canara Robeco Equity Tax Saver

Canara Robeco Equity Tax Saver Growth
Launch Date	2 Feb 09
NAV (19 Feb 19)	₹59.33 ↓ -0.04 (-0.07 %)
Net Assets (Cr)	₹869 on 31 Jan 19
Category	Equity - ELSS
AMC	Canara Robeco Asset Management Co. Ltd.
Rating	☆
Risk	Moderately High
Expense Ratio	2.59
Sharpe Ratio	-0.06
Information Ratio	-0.37
Alpha Ratio	3.15
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Jan 14	₹10,000
31 Jan 15	₹16,139
31 Jan 16	₹14,336
31 Jan 17	₹16,009
31 Jan 18	₹20,436
31 Jan 19	₹20,640

Canara Robeco Equity Tax Saver SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹436,710.
Net Profit of ₹136,710 Invest Now

Returns for Canara Robeco Equity Tax Saver

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Feb 19

Duration	Returns
1 Month	-4.2%
3 Month	-1.8%
6 Month	-9.6%
1 Year	1.5%
3 Year	14.3%
5 Year	14.5%
Since launch	19.4%
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	0.04 Yr.
Cheenu Gupta	12 Mar 18	0.64 Yr.

Data below for Canara Robeco Equity Tax Saver as on 31 Jan 19

Equity Sector Allocation

Sector	Value
Financial Services	34.41%
Industrials	20.7%
Technology	13.62%
Consumer Cyclical	8.64%
Consumer Defensive	6.55%
Energy	6.28%
Basic Materials	5.79%
Health Care	1.13%
Utility	1.07%

Asset Allocation

Asset Class	Value
Cash	1.82%
Equity	98.18%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 30 Nov 08 \| HDFCBANK	8%	₹70 Cr	336,842 ↓ -20,500
ICICI Bank Ltd (Financial Services) Equity, Since 31 Aug 18 \| ICICIBANK	8%	₹70 Cr	1,919,000
Reliance Industries Ltd (Energy) Equity, Since 31 Oct 17 \| RELIANCE	6%	₹55 Cr	444,500 ↑ 227,000
Axis Bank Ltd (Financial Services) Equity, Since 31 Aug 18 \| 532215	6%	₹48 Cr	671,000 ↓ -60,000
Infosys Ltd (Technology) Equity, Since 31 Jul 18 \| INFY	5%	₹46 Cr	614,000
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 31 Oct 18 \| KOTAKBANK	5%	₹44 Cr	350,500 ↑ 227,000
State Bank of India (Financial Services) Equity, Since 31 Aug 18 \| SBIN	5%	₹44 Cr	1,492,000
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Apr 18 \| LT	5%	₹43 Cr	330,700
Asian Paints Ltd (Basic Materials) Equity, Since 31 Mar 18 \| 500820	3%	₹30 Cr	210,000 ↑ 62,000
VIP Industries Ltd (Consumer Cyclical) Equity, Since 31 Mar 18 \| 507880	3%	₹27 Cr	559,034

3. 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 17.2% since its launch. Ranked 3 in ELSS category. Return for 2018 was -9.4% , 2017 was 53.4% and 2016 was 0.4% .

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

IDFC Tax Advantage (ELSS) Fund Growth
Launch Date	26 Dec 08
NAV (19 Feb 19)	₹49.9 ↑ 0.09 (0.18 %)
Net Assets (Cr)	₹1,710 on 31 Jan 19
Category	Equity - ELSS
AMC	IDFC Asset Management Company Limited
Rating	☆☆☆☆☆
Risk	Moderately High
Expense Ratio	2.74
Sharpe Ratio	-1.13
Information Ratio	-0.29
Alpha Ratio	-12.02
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Jan 14	₹10,000
31 Jan 15	₹16,194
31 Jan 16	₹15,090
31 Jan 17	₹17,321
31 Jan 18	₹25,108
31 Jan 19	₹21,629

IDFC Tax Advantage (ELSS) Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹447,579.
Net Profit of ₹147,579 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 19 Feb 19

Duration	Returns
1 Month	-5.6%
3 Month	-7%
6 Month	-13.4%
1 Year	-13.1%
3 Year	14.3%
5 Year	15.4%
Since launch	17.2%
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	2.03 Yr.

Data below for IDFC Tax Advantage (ELSS) Fund as on 31 Jan 19

Equity Sector Allocation

Sector	Value
Financial Services	27.43%
Consumer Cyclical	14.03%
Technology	10.28%
Basic Materials	9.58%
Industrials	7.99%
Consumer Defensive	6.41%
Health Care	6.07%
Energy	5.85%
Utility	4.75%

Asset Allocation

Asset Class	Value
Cash	6.48%
Equity	92.99%
Other	0.52%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Triparty Repo CBLO/Reverse Repo \| -	7%	₹119 Cr
ICICI Bank Ltd (Financial Services) Equity, Since 31 May 16 \| ICICIBANK	6%	₹106 Cr	2,900,000 ↑ 250,000
Infosys Ltd (Technology) Equity, Since 31 Jul 15 \| INFY	4%	₹73 Cr	975,000 ↑ 150,000
HDFC Bank Ltd (Financial Services) Equity, Since 30 Sep 14 \| HDFCBANK	4%	₹73 Cr	350,000
State Bank of India (Financial Services) Equity, Since 31 Oct 18 \| SBIN	4%	₹68 Cr	2,300,000 ↑ 400,000
Reliance Industries Ltd (Energy) Equity, Since 31 Jul 18 \| RELIANCE	4%	₹67 Cr	550,000
Axis Bank Ltd (Financial Services) Equity, Since 28 Feb 18 \| 532215	4%	₹61 Cr	850,000 ↑ 300,000
RBL Bank Ltd (Financial Services) Equity, Since 31 Aug 16 \| RBLBANK	3%	₹45 Cr	800,000
Future Retail Ltd (Consumer Cyclical) Equity, Since 31 Aug 16 \| FRETAIL	3%	₹44 Cr	1,020,000 ↑ 10,000
Nestle India Ltd (Consumer Defensive) Equity, Since 28 Feb 18 \| NESTLEIND	2%	₹34 Cr	30,000 ↓ -300

4. Axis Long Term Equity Fund

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 CAGR/Annualized return of 16.5% since its launch. Ranked 20 in ELSS category. Return for 2018 was 2.7% , 2017 was 37.4% and 2016 was -0.7% .

Below is the key information for Axis Long Term Equity Fund

Axis Long Term Equity Fund Growth
Launch Date	29 Dec 09
NAV (19 Feb 19)	₹40.2754 ↓ -0.10 (-0.24 %)
Net Assets (Cr)	₹17,090 on 31 Jan 19
Category	Equity - ELSS
AMC	Axis Asset Management Company Limited
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	2.49
Sharpe Ratio	-0.32
Information Ratio	-0.59
Alpha Ratio	0.12
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Jan 14	₹10,000
31 Jan 15	₹18,132
31 Jan 16	₹17,580
31 Jan 17	₹18,960
31 Jan 18	₹25,198
31 Jan 19	₹24,178

Axis Long Term Equity Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹481,656.
Net Profit of ₹181,656 Invest Now

Returns for Axis Long Term 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 19 Feb 19

Duration	Returns
1 Month	-2.6%
3 Month	-3.1%
6 Month	-10.8%
1 Year	0.1%
3 Year	13.1%
5 Year	18.5%
Since launch	16.5%
10 Year
15 Year

Historical performance (Yearly) on absolute basis

Year	Returns
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%
2009

Fund Manager information for Axis Long Term Equity Fund

Name	Since	Tenure
Jinesh Gopani	1 Apr 11	7.59 Yr.

Data below for Axis Long Term Equity Fund as on 31 Jan 19

Equity Sector Allocation

Sector	Value
Financial Services	38.69%
Consumer Cyclical	23.1%
Technology	15.08%
Basic Materials	7.38%
Utility	3.88%
Industrials	3.44%
Consumer Defensive	2.03%
Health Care	1.12%

Asset Allocation

Asset Class	Value
Cash	5.13%
Equity	94.72%
Debt	0.15%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Tata Consultancy Services Ltd (Technology) Equity, Since 30 Apr 17 \| TCS	9%	₹1,551 Cr	7,703,090 ↑ 275,000
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jan 10 \| HDFCBANK	8%	₹1,387 Cr	6,668,912 ↓ -619,088
Pidilite Industries Ltd (Basic Materials) Equity, Since 30 Nov 14 \| PIDILITIND	7%	₹1,261 Cr	11,260,129 ↑ 1,030,000
Bajaj Finance Ltd (Financial Services) Equity, Since 30 Sep 16 \| 500034	7%	₹1,220 Cr	4,739,143 ↑ 456,093
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 31 May 11 \| KOTAKBANK	7%	₹1,218 Cr	9,696,268 ↑ 300,000
Housing Development Finance Corp Ltd (Financial Services) Equity, Since 31 Jan 10 \| HDFC	5%	₹893 Cr	4,647,008 ↓ -260,000
Maruti Suzuki India Ltd (Consumer Cyclical) Equity, Since 30 Nov 10 \| MARUTI	5%	₹872 Cr	1,312,317 ↑ 50,000
Avenue Supermarts Ltd (Consumer Cyclical) Equity, Since 30 Apr 17 \| 540376	4%	₹723 Cr	5,258,543 ↑ 202,942
Torrent Power Ltd (Utilities) Equity, Since 30 Jun 13 \| 532779	4%	₹662 Cr	26,787,585 ↑ 2,800,000
TTK Prestige Ltd (Consumer Cyclical) Equity, Since 28 Feb 11 \| 517506	4%	₹648 Cr	843,357 ↑ 9,637

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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.