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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 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 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 ₹394.11
↓ -2.99 ₹6,707 6.6 6.4 10.8 10.7 7.6 8.8 19.7 Canara Robeco Equity Tax Saver Growth ₹68.65
↓ -0.20 ₹1,005 3.6 8.2 10.9 13.5 7.5 10.7 19.2 Mirae Asset Tax Saver Fund Growth ₹19.239
↓ -0.07 ₹3,066 7.3 10 15.9 17.1 14.1 17.4 Axis Long Term Equity Fund Growth ₹49.3849
↓ -0.16 ₹21,473 2.7 12.2 19.8 16.9 10.2 14.8 17.2 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Jan 20 100 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 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 (22 Jan 20) ₹394.11 ↓ -2.99 (-0.75 %) Net Assets (Cr) ₹6,707 on 31 Dec 19 Category Equity - ELSS AMC ICICI Prudential Asset Management Company Limited Rating ☆☆ Risk Moderately High Expense Ratio 2.17 Sharpe Ratio 0.46 Information Ratio -0.51 Alpha Ratio -0.16 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 14 ₹10,000 31 Dec 15 ₹10,433 31 Dec 16 ₹10,842 31 Dec 17 ₹13,661 31 Dec 18 ₹13,730 31 Dec 19 ₹14,940 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 22 Jan 20 Duration Returns 1 Month 0.9% 3 Month 6.6% 6 Month 6.4% 1 Year 10.8% 3 Year 10.7% 5 Year 7.6% Since launch 19.7% 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 1.07 Yr. Priyanka Khandelwal 15 Jun 17 2.46 Yr. Harish Bihani 5 Nov 18 1.07 Yr. Data below for ICICI Prudential Long Term Equity Fund (Tax Saving) as on 31 Dec 19
Equity Sector Allocation
Sector Value Financial Services 23.58% Health Care 9.21% Technology 8.43% Basic Materials 8.27% Communication Services 8.06% Utility 7.95% Industrials 7.87% Consumer Cyclical 7.48% Energy 6.02% Consumer Defensive 5.31% Real Estate 0.28% Asset Allocation
Asset Class Value Cash 7.54% Equity 92.46% Top Securities Holdings / Portfolio
Name Holding Value Quantity Treps
CBLO/Reverse Repo | -8% ₹525 Cr Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 17 | BHARTIARTL7% ₹438 Cr 9,907,191 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 18 | ICICIBANK6% ₹431 Cr 8,402,979 NTPC Ltd (Utilities)
Equity, Since 31 Jul 17 | 5325556% ₹410 Cr 35,259,121
↑ 269,121 Infosys Ltd (Technology)
Equity, Since 30 Jun 16 | INFY5% ₹346 Cr 4,968,548 ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 17 | ITC5% ₹302 Cr 12,253,608 Hindalco Industries Ltd (Basic Materials)
Equity, Since 30 Nov 18 | HINDALCO4% ₹292 Cr 14,585,604 Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 30 Nov 18 | 5003124% ₹264 Cr 20,000,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Oct 18 | LT4% ₹234 Cr 1,758,397
↑ 472,277 Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 5322153% ₹186 Cr 2,512,027 2. Canara Robeco Equity Tax Saver
CAGR/Annualized return of 19.2% 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 (22 Jan 20) ₹68.65 ↓ -0.20 (-0.29 %) Net Assets (Cr) ₹1,005 on 31 Dec 19 Category Equity - ELSS AMC Canara Robeco Asset Management Co. Ltd. Rating ☆ Risk Moderately High Expense Ratio 2.32 Sharpe Ratio 0.57 Information Ratio -0.1 Alpha Ratio -1.23 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 14 ₹10,000 31 Dec 15 ₹10,060 31 Dec 16 ₹10,055 31 Dec 17 ₹13,269 31 Dec 18 ₹13,625 31 Dec 19 ₹15,088 Returns for Canara Robeco Equity Tax Saver
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Jan 20 Duration Returns 1 Month 0.2% 3 Month 3.6% 6 Month 8.2% 1 Year 10.9% 3 Year 13.5% 5 Year 7.5% Since launch 19.2% 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 31 Dec 19
Equity Sector Allocation
Sector Value Financial Services 44% Technology 11.49% Consumer Defensive 11.17% Basic Materials 8.51% Industrials 7.69% Health Care 5.18% Consumer Cyclical 4.75% Energy 3.48% Communication Services 1.02% Asset Allocation
Asset Class Value Cash 2.67% Equity 97.33% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 08 | HDFCBANK10% ₹96 Cr 754,684 Infosys Ltd (Technology)
Equity, Since 31 Jul 18 | INFY7% ₹67 Cr 964,500
↑ 222,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK6% ₹62 Cr 1,211,000
↑ 390,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 19 | 5000345% ₹53 Cr 129,150 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Oct 16 | 5006964% ₹44 Cr 213,830 Asian Paints Ltd (Basic Materials)
Equity, Since 31 Mar 18 | 5008204% ₹37 Cr 219,300
↑ 57,000 Divi's Laboratories Ltd (Healthcare)
Equity, Since 31 Dec 18 | DIVISLAB4% ₹37 Cr 206,500 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 19 | KOTAKBANK4% ₹36 Cr 221,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 19 | HDFC3% ₹35 Cr 150,500 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 19 | RELIANCE3% ₹34 Cr 221,500
↑ 221,500 3. Mirae Asset Tax Saver Fund
CAGR/Annualized return of 17.4% since its launch. Return for 2019 was 14.1% , 2018 was -2.3% and 2017 was 47.9% . Mirae Asset Tax Saver Fund
Growth Launch Date 28 Dec 15 NAV (22 Jan 20) ₹19.239 ↓ -0.07 (-0.34 %) Net Assets (Cr) ₹3,066 on 31 Dec 19 Category Equity - ELSS AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating Risk Moderately High Expense Ratio 2.11 Sharpe Ratio 0.97 Information Ratio 1.26 Alpha Ratio 4.17 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 15 ₹10,000 31 Dec 16 ₹11,480 31 Dec 17 ₹16,977 31 Dec 18 ₹16,591 31 Dec 19 ₹18,925 Returns for Mirae Asset Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Jan 20 Duration Returns 1 Month 1.2% 3 Month 7.3% 6 Month 10% 1 Year 15.9% 3 Year 17.1% 5 Year Since launch 17.4% 10 Year 15 Year Historical performance (Yearly) on absolute basis
Year Returns 2019 14.1% 2018 -2.3% 2017 47.9% 2016 14.8% 2015 2014 2013 2012 2011 2010 Fund Manager information for Mirae Asset Tax Saver Fund
Name Since Tenure Neelesh Surana 28 Dec 15 3.93 Yr. Data below for Mirae Asset Tax Saver Fund as on 31 Dec 19
Equity Sector Allocation
Sector Value Financial Services 37.36% Consumer Cyclical 11.22% Consumer Defensive 9.36% Industrials 8.14% Energy 7.85% Health Care 7.73% Technology 7.29% Basic Materials 5.02% Utility 3.94% Communication Services 1.31% Asset Allocation
Asset Class Value Cash 0.79% Equity 99.21% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK9% ₹270 Cr 2,115,085
↑ 63,752 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK6% ₹185 Cr 3,604,412 State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN5% ₹147 Cr 4,301,299 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 15 | RELIANCE5% ₹146 Cr 939,876 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 16 | LT4% ₹120 Cr 904,880
↑ 287,000 Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY4% ₹114 Cr 1,633,557 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 5322154% ₹104 Cr 1,411,338 ITC Ltd (Consumer Defensive)
Equity, Since 30 Apr 16 | ITC4% ₹101 Cr 4,111,794 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Dec 15 | TCS3% ₹96 Cr 467,179
↑ 40,000 IndusInd Bank Ltd (Financial Services)
Equity, Since 29 Feb 16 | INDUSINDBK3% ₹95 Cr 607,689 4. Axis Long Term Equity Fund
CAGR/Annualized return of 17.2% 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 (22 Jan 20) ₹49.3849 ↓ -0.16 (-0.33 %) Net Assets (Cr) ₹21,473 on 31 Dec 19 Category Equity - ELSS AMC Axis Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.13 Sharpe Ratio 0.89 Information Ratio 0.52 Alpha Ratio 4.74 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 14 ₹10,000 31 Dec 15 ₹10,670 31 Dec 16 ₹10,596 31 Dec 17 ₹14,563 31 Dec 18 ₹14,952 31 Dec 19 ₹17,169 Returns for Axis Long Term Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Jan 20 Duration Returns 1 Month -0.4% 3 Month 2.7% 6 Month 12.2% 1 Year 19.8% 3 Year 16.9% 5 Year 10.2% Since launch 17.2% 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 31 Dec 19
Equity Sector Allocation
Sector Value Financial Services 43.25% Consumer Cyclical 14.14% Consumer Defensive 11.12% Technology 7.45% Communication Services 6.13% Basic Materials 5.99% Industrials 4.09% Utility 3.49% Health Care 1.7% Asset Allocation
Asset Class Value Cash 2.64% Equity 97.36% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | 5000349% ₹1,836 Cr 4,506,153
↑ 179,487 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 11 | KOTAKBANK8% ₹1,704 Cr 10,547,075
↓ -375,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK8% ₹1,675 Cr 13,140,750
↓ -475,000 Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 30 Apr 17 | 5403766% ₹1,362 Cr 7,475,645 Bandhan Bank Ltd (Financial Services)
Equity, Since 31 Mar 18 | 5411536% ₹1,351 Cr 23,238,395 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 17 | TCS6% ₹1,344 Cr 6,548,129 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFC6% ₹1,343 Cr 5,846,662
↑ 310,000 Info Edge (India) Ltd (Communication Services)
Equity, Since 31 May 14 | NAUKRI5% ₹1,149 Cr 4,363,102
↓ -210,947 Pidilite Industries Ltd (Basic Materials)
Equity, Since 30 Nov 14 | PIDILITIND5% ₹1,085 Cr 8,329,997
↓ -72,221 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Nov 10 | MARUTI5% ₹1,069 Cr 1,475,870
↑ 233,000
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