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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 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 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 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 ₹378.46
↑ 0.71 ₹6,161 6.7 2.5 7.4 8.8 7.7 0.5 19.7 Canara Robeco Equity Tax Saver Growth ₹67.36
↑ 0.09 ₹965 9 7.6 12.9 12.5 8.5 2.7 19.4 Axis Long Term Equity Fund Growth ₹49.0154
↑ 0.16 ₹20,425 11.3 15.6 19.9 15.8 12 2.7 17.5 Mirae Asset Tax Saver Fund Growth ₹18.541
↑ 0.04 ₹2,465 9.1 10.3 14.4 15.8 -2.3 17.3 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 14 Nov 19 100 Crore sorted on annualized returns since launch / inception.
1. ICICI Prudential Long Term Equity Fund (Tax Saving)
CAGR/Annualized return of 19.7% 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 (14 Nov 19) ₹378.46 ↑ 0.71 (0.19 %) Net Assets (Cr) ₹6,161 on 30 Sep 19 Category Equity - ELSS AMC ICICI Prudential Asset Management Company Limited Rating ☆☆ Risk Moderately High Expense Ratio 2.39 Sharpe Ratio -0.1 Information Ratio -0.64 Alpha Ratio -2.22 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Oct 14 ₹10,000 31 Oct 15 ₹10,408 31 Oct 16 ₹11,897 31 Oct 17 ₹13,203 31 Oct 18 ₹13,411 31 Oct 19 ₹14,756 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 14 Nov 19 Duration Returns 1 Month 5% 3 Month 6.7% 6 Month 2.5% 1 Year 7.4% 3 Year 8.8% 5 Year 7.7% Since launch 19.7% 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 30 Sep 19
Equity Sector Allocation
Sector Value Financial Services 26.18% Health Care 9% Technology 8.6% Utility 8.52% Basic Materials 8.44% Consumer Cyclical 7.82% Industrials 7.47% Communication Services 7.39% Energy 6.63% Consumer Defensive 5.63% Real Estate 0.27% Asset Allocation
Asset Class Value Cash 4.05% Equity 95.95% Top Securities Holdings / Portfolio
Name Holding Value Quantity NTPC Ltd (Utilities)
Equity, Since 31 Jul 17 | 5325557% ₹428 Cr 34,990,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 18 | ICICIBANK6% ₹389 Cr 8,402,979 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 17 | BHARTIARTL6% ₹371 Cr 9,907,191 Infosys Ltd (Technology)
Equity, Since 30 Jun 16 | INFY5% ₹341 Cr 4,968,548
↑ 2,968,548 ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 17 | ITC5% ₹316 Cr 12,253,608 Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 30 Nov 18 | 5003124% ₹283 Cr 20,000,000 Treps
CBLO/Reverse Repo | -4% ₹278 Cr Hindalco Industries Ltd (Basic Materials)
Equity, Since 30 Nov 18 | HINDALCO4% ₹274 Cr 14,585,604 SBI Life Insurance Co Ltd (Financial Services)
Equity, Since 30 Sep 17 | 5407194% ₹254 Cr 2,563,455 State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN3% ₹216 Cr 6,906,964 2. Canara Robeco Equity Tax Saver
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% . Canara Robeco Equity Tax Saver
Growth Launch Date 2 Feb 09 NAV (14 Nov 19) ₹67.36 ↑ 0.09 (0.13 %) Net Assets (Cr) ₹965 on 30 Sep 19 Category Equity - ELSS AMC Canara Robeco Asset Management Co. Ltd. Rating ☆ Risk Moderately High Expense Ratio 2.59 Sharpe Ratio 0.36 Information Ratio -0.13 Alpha Ratio 2.46 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Oct 14 ₹10,000 31 Oct 15 ₹10,335 31 Oct 16 ₹11,248 31 Oct 17 ₹13,105 31 Oct 18 ₹13,330 31 Oct 19 ₹15,351 Returns for Canara Robeco Equity Tax Saver
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Nov 19 Duration Returns 1 Month 3.9% 3 Month 9% 6 Month 7.6% 1 Year 12.9% 3 Year 12.5% 5 Year 8.5% 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 Shridatta Bhandwaldar 1 Oct 19 0 Yr. Cheenu Gupta 12 Mar 18 1.55 Yr. Data below for Canara Robeco Equity Tax Saver as on 30 Sep 19
Equity Sector Allocation
Sector Value Financial Services 35.26% Consumer Defensive 13.05% Basic Materials 11.81% Technology 11.03% Industrials 7.35% Consumer Cyclical 5.3% Communication Services 4.19% Health Care 4.06% Utility 2.87% Asset Allocation
Asset Class Value Cash 5.01% Equity 94.99% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 08 | HDFCBANK10% ₹93 Cr 754,684
↑ 38,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 18 | INFY6% ₹60 Cr 742,500
↑ 55,000 Treps
CBLO/Reverse Repo | -6% ₹58 Cr Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 19 | 5000345% ₹52 Cr 129,150
↑ 13,500 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Oct 16 | 5006964% ₹42 Cr 213,830 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 19 | KOTAKBANK4% ₹41 Cr 251,000
↑ 57,500 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Apr 19 | BHARTIARTL4% ₹40 Cr 1,103,000 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 May 19 | ULTRACEMCO4% ₹39 Cr 90,550
↓ -15,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK4% ₹36 Cr 821,000
↓ -316,000 Divi's Laboratories Ltd (Healthcare)
Equity, Since 31 Dec 18 | DIVISLAB4% ₹34 Cr 206,500
↑ 15,000 3. Axis Long Term Equity Fund
CAGR/Annualized return of 17.5% since its launch. Ranked 20 in ELSS category. Return for 2018 was 2.7% , 2017 was 37.4% and 2016 was -0.7% . Axis Long Term Equity Fund
Growth Launch Date 29 Dec 09 NAV (14 Nov 19) ₹49.0154 ↑ 0.16 (0.32 %) Net Assets (Cr) ₹20,425 on 30 Sep 19 Category Equity - ELSS AMC Axis Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.49 Sharpe Ratio 0.64 Information Ratio 0.38 Alpha Ratio 6.97 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Oct 14 ₹10,000 31 Oct 15 ₹11,417 31 Oct 16 ₹12,443 31 Oct 17 ₹14,718 31 Oct 18 ₹14,796 31 Oct 19 ₹18,192 Returns for Axis Long Term Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Nov 19 Duration Returns 1 Month 5% 3 Month 11.3% 6 Month 15.6% 1 Year 19.9% 3 Year 15.8% 5 Year 12% Since launch 17.5% 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 7.84 Yr. Data below for Axis Long Term Equity Fund as on 30 Sep 19
Equity Sector Allocation
Sector Value Financial Services 41.02% Consumer Cyclical 14.2% Consumer Defensive 11.21% Technology 7.96% Basic Materials 5.48% Communication Services 5.47% Industrials 5.23% Utility 3.35% Health Care 1.4% Real Estate 0% Asset Allocation
Asset Class Value Cash 5.05% Equity 94.95% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | 50003410% ₹1,948 Cr 4,815,508
↓ -79,570 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 11 | KOTAKBANK9% ₹1,796 Cr 10,922,075
↓ -177,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK8% ₹1,571 Cr 12,795,750 Pidilite Industries Ltd (Basic Materials)
Equity, Since 30 Nov 14 | PIDILITIND8% ₹1,533 Cr 10,619,943
↑ 247,053 Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 30 Apr 17 | 5403767% ₹1,363 Cr 7,325,645
↓ -2,875 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 17 | TCS6% ₹1,303 Cr 6,206,417
↓ -551,247 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFC6% ₹1,144 Cr 5,786,662
↑ 413,899 GRUH Finance Ltd (Financial Services)
Equity, Since 31 May 11 | 5112885% ₹996 Cr 36,971,961
↑ 370,062 Info Edge (India) Ltd (Technology)
Equity, Since 31 May 14 | NAUKRI4% ₹914 Cr 4,524,049
↑ 50,682 Clearing Corporation Of India Ltd
CBLO | -4% ₹912 Cr 4. Mirae Asset Tax Saver Fund
CAGR/Annualized return of 17.3% 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 (14 Nov 19) ₹18.541 ↑ 0.04 (0.23 %) Net Assets (Cr) ₹2,465 on 30 Sep 19 Category Equity - ELSS AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating Risk Moderately High Expense Ratio 2.45 Sharpe Ratio 0.51 Information Ratio 1.1 Alpha Ratio 4.22 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Oct 16 ₹12,391 31 Oct 17 ₹16,082 31 Oct 18 ₹15,863 31 Oct 19 ₹18,437 Returns for Mirae Asset Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Nov 19 Duration Returns 1 Month 6.8% 3 Month 9.1% 6 Month 10.3% 1 Year 14.4% 3 Year 15.8% 5 Year Since launch 17.3% 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 3.26 Yr. Data below for Mirae Asset Tax Saver Fund as on 30 Sep 19
Equity Sector Allocation
Sector Value Financial Services 36.63% Consumer Cyclical 10.86% Consumer Defensive 9.75% Health Care 7.99% Energy 7.87% Technology 7.82% Industrials 6.5% Basic Materials 6.06% Utility 4.03% Communication Services 1.73% Asset Allocation
Asset Class Value Cash 0.74% Equity 99.26% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK10% ₹247 Cr 2,009,876
↑ 167,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK6% ₹156 Cr 3,604,412 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 15 | RELIANCE5% ₹125 Cr 939,876
↑ 80,000 State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN5% ₹114 Cr 4,198,799
↑ 823,026 ITC Ltd (Consumer Defensive)
Equity, Since 30 Apr 16 | ITC4% ₹106 Cr 4,071,794
↑ 626,919 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 5322154% ₹98 Cr 1,431,338 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 16 | LT4% ₹91 Cr 617,880
↑ 85,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Dec 15 | TCS4% ₹90 Cr 427,179
↑ 48,204 IndusInd Bank Ltd (Financial Services)
Equity, Since 29 Feb 16 | INDUSINDBK3% ₹84 Cr 607,689 Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY3% ₹80 Cr 995,437
↑ 70,000
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