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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 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 ₹355.51
↑ 0.91 ₹6,436 -3.8 4.6 -4.7 6.3 8.6 0.5 19.6 Canara Robeco Equity Tax Saver Growth ₹61.63
↓ -0.17 ₹979 -2 2.8 -5.3 8.9 9.1 2.7 18.8 Axis Long Term Equity Fund Growth ₹44.1642
↑ 0.12 ₹19,718 2.7 8.2 -1.6 10.3 12.9 2.7 16.7 IDFC Tax Advantage (ELSS) Fund Growth ₹51.18
↓ -0.07 ₹2,060 -5.1 2 -10.3 7.9 10.4 -9.4 16.6 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 16 Aug 19 100 Crore sorted on annualized returns since launch / inception.
1. ICICI Prudential Long Term Equity Fund (Tax Saving)
CAGR/Annualized return of 19.6% 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 Aug 19) ₹355.51 ↑ 0.91 (0.26 %) Net Assets (Cr) ₹6,436 on 30 Jun 19 Category Equity - ELSS AMC ICICI Prudential Asset Management Company Limited Rating ☆☆ Risk Moderately High Expense Ratio 2.39 Sharpe Ratio 0.48 Information Ratio -0.41 Alpha Ratio 2.92 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jul 14 ₹10,000 31 Jul 15 ₹11,901 31 Jul 16 ₹12,671 31 Jul 17 ₹14,178 31 Jul 18 ₹15,982 31 Jul 19 ₹15,637 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 Aug 19 Duration Returns 1 Month -6.4% 3 Month -3.8% 6 Month 4.6% 1 Year -4.7% 3 Year 6.3% 5 Year 8.6% Since launch 19.6% 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 Jun 19
Equity Sector Allocation
Sector Value Financial Services 22.45% Basic Materials 9.82% Technology 9.4% Utility 8.8% Health Care 8.18% Industrials 7.9% Consumer Defensive 7.51% Consumer Cyclical 7.36% Communication Services 5.67% Energy 4.99% Asset Allocation
Asset Class Value Cash 7.91% Equity 92.09% Top Securities Holdings / Portfolio
Name Holding Value Quantity Treps
CBLO/Reverse Repo | -8% ₹508 Cr NTPC Ltd (Utilities)
Equity, Since 31 Jul 17 | 5325556% ₹380 Cr 26,876,966
↓ -5,123,034 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 17 | BHARTIARTL6% ₹365 Cr 10,530,522 ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 17 | ITC5% ₹336 Cr 12,253,608
↑ 253,608 Infosys Ltd (Technology)
Equity, Since 30 Jun 16 | INFY5% ₹318 Cr 4,348,004 Hindalco Industries Ltd (Basic Materials)
Equity, Since 30 Nov 18 | HINDALCO4% ₹289 Cr 13,946,969 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 18 | ICICIBANK4% ₹275 Cr 6,300,000
↑ 200,000 Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 30 Nov 18 | 5003124% ₹265 Cr 15,821,753 State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN4% ₹250 Cr 6,906,964 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Oct 18 | LT4% ₹240 Cr 1,543,500 2. Canara Robeco Equity Tax Saver
CAGR/Annualized return of 18.8% 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 Aug 19) ₹61.63 ↓ -0.17 (-0.28 %) Net Assets (Cr) ₹979 on 30 Jun 19 Category Equity - ELSS AMC Canara Robeco Asset Management Co. Ltd. Rating ☆ Risk Moderately High Expense Ratio 2.59 Sharpe Ratio 0.6 Information Ratio 0.04 Alpha Ratio 2.23 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jul 14 ₹10,000 31 Jul 15 ₹12,151 31 Jul 16 ₹12,043 31 Jul 17 ₹14,139 31 Jul 18 ₹15,924 31 Jul 19 ₹15,720 Returns for Canara Robeco Equity Tax Saver
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Aug 19 Duration Returns 1 Month -5.8% 3 Month -2% 6 Month 2.8% 1 Year -5.3% 3 Year 8.9% 5 Year 9.1% Since launch 18.8% 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 30 Jun 19
Equity Sector Allocation
Sector Value Financial Services 37.58% Industrials 16.02% Basic Materials 14.63% Consumer Defensive 6.36% Health Care 5.64% Technology 5.13% Consumer Cyclical 3.52% Utility 2.73% Energy 2.55% Communication Services 0.99% Asset Allocation
Asset Class Value Cash 4.8% Equity 95.14% Other 0.06% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK9% ₹83 Cr 1,960,000
↑ 110,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 08 | HDFCBANK8% ₹69 Cr 306,342 State Bank of India (Financial Services)
Equity, Since 31 Aug 18 | SBIN5% ₹48 Cr 1,431,000 Treps
CBLO/Reverse Repo | -5% ₹44 Cr Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 19 | HDFC5% ₹41 Cr 195,500
↑ 148,500 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 19 | 5000344% ₹38 Cr 115,650
↑ 61,150 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322154% ₹35 Cr 513,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 18 | LT4% ₹33 Cr 241,200
↓ -175,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 19 | KOTAKBANK3% ₹29 Cr 193,500
↑ 193,500 Divi's Laboratories Ltd (Healthcare)
Equity, Since 31 Dec 18 | DIVISLAB3% ₹29 Cr 177,500 3. Axis Long Term Equity Fund
CAGR/Annualized return of 16.7% 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 (16 Aug 19) ₹44.1642 ↑ 0.12 (0.27 %) Net Assets (Cr) ₹19,718 on 30 Jun 19 Category Equity - ELSS AMC Axis Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.49 Sharpe Ratio 0.26 Information Ratio 0.01 Alpha Ratio -1.37 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jul 14 ₹10,000 31 Jul 15 ₹13,160 31 Jul 16 ₹13,941 31 Jul 17 ₹16,158 31 Jul 18 ₹18,938 31 Jul 19 ₹18,363 Returns for Axis Long Term Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Aug 19 Duration Returns 1 Month -2.8% 3 Month 2.7% 6 Month 8.2% 1 Year -1.6% 3 Year 10.3% 5 Year 12.9% Since launch 16.7% 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 Jun 19
Equity Sector Allocation
Sector Value Financial Services 44.44% Consumer Cyclical 16.46% Technology 13.84% Consumer Defensive 7.24% Basic Materials 6.61% Industrials 4.54% Utility 4.01% Health Care 1.47% Asset Allocation
Asset Class Value Cash 5.54% Equity 94.46% Debt 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 11 | KOTAKBANK9% ₹1,742 Cr 11,464,075 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | 5000348% ₹1,592 Cr 4,895,078
↓ -263,628 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 17 | TCS8% ₹1,555 Cr 7,048,090
↓ -270,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK7% ₹1,391 Cr 6,177,875
↓ -315,000 Pidilite Industries Ltd (Basic Materials)
Equity, Since 30 Nov 14 | PIDILITIND7% ₹1,287 Cr 10,373,622
↓ -364,992 Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 30 Apr 17 | 5403766% ₹1,087 Cr 7,328,520
↑ 255,634 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFC5% ₹1,008 Cr 4,752,763
↓ -969,245 Info Edge (India) Ltd (Technology)
Equity, Since 31 May 14 | NAUKRI5% ₹991 Cr 4,412,609
↑ 186,328 GRUH Finance Ltd (Financial Services)
Equity, Since 31 May 11 | 5112885% ₹903 Cr 36,535,665
↑ 773,477 Clearing Corporation Of India Ltd
CBLO | -4% ₹791 Cr 4. IDFC Tax Advantage (ELSS) Fund
CAGR/Annualized return of 16.6% 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 Aug 19) ₹51.18 ↓ -0.07 (-0.14 %) Net Assets (Cr) ₹2,060 on 30 Jun 19 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.74 Sharpe Ratio -0.04 Information Ratio -0.01 Alpha Ratio -6.24 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jul 14 ₹10,000 31 Jul 15 ₹13,223 31 Jul 16 ₹13,113 31 Jul 17 ₹16,562 31 Jul 18 ₹18,211 31 Jul 19 ₹16,511 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Aug 19 Duration Returns 1 Month -7.6% 3 Month -5.1% 6 Month 2% 1 Year -10.3% 3 Year 7.9% 5 Year 10.4% Since launch 16.6% 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 2.61 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 30 Jun 19
Equity Sector Allocation
Sector Value Financial Services 30.98% Industrials 15% Basic Materials 13.36% Consumer Cyclical 12.12% Technology 7.48% Energy 5.81% Health Care 4.66% Consumer Defensive 4.48% Utility 1.74% Communication Services 0.29% Asset Allocation
Asset Class Value Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK7% ₹140 Cr 3,300,000
↓ -50,000 State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN4% ₹83 Cr 2,500,000
↓ -300,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK4% ₹77 Cr 340,000
↓ -10,000 Triparty Repo
CBLO/Reverse Repo | -4% ₹73 Cr Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 18 | 5322154% ₹72 Cr 1,075,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE3% ₹64 Cr 550,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY3% ₹63 Cr 800,000 Future Retail Ltd (Consumer Cyclical)
Equity, Since 31 Aug 16 | FRETAIL3% ₹54 Cr 1,320,000
↑ 35,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 19 | LT2% ₹44 Cr 320,000
↑ 20,000 RBL Bank Ltd (Financial Services)
Equity, Since 31 Aug 16 | RBLBANK2% ₹41 Cr 1,025,000
↑ 125,000
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