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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 ₹349.71
↑ 1.66 ₹5,970 11.1 -10.7 -3.9 2 4.8 8.8 18.5 Canara Robeco Equity Tax Saver Growth ₹68.29
↑ 0.20 ₹992 11.6 -2 9.3 6.7 7.2 10.7 18.2 BOI AXA Tax Advantage Fund Growth ₹55.84
↑ 0.47 ₹262 9.7 -2.9 16.8 5 7.2 14.6 16.2 Axis Long Term Equity Fund Growth ₹44.791
↑ 0.15 ₹20,292 4.9 -10.9 2.1 5.1 7.3 14.8 15.2 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 31 Jul 20 100 Crore sorted on annualized returns since launch / inception.
1. ICICI Prudential Long Term Equity Fund (Tax Saving)
CAGR/Annualized return of 18.5% 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 (31 Jul 20) ₹349.71 ↑ 1.66 (0.48 %) Net Assets (Cr) ₹5,970 on 30 Jun 20 Category Equity - ELSS AMC ICICI Prudential Asset Management Company Limited Rating ☆☆ Risk Moderately High Expense Ratio 2.17 Sharpe Ratio -0.37 Information Ratio -0.09 Alpha Ratio -3.07 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jul 15 ₹10,000 31 Jul 16 ₹10,647 31 Jul 17 ₹11,913 31 Jul 18 ₹13,429 31 Jul 19 ₹13,139 31 Jul 20 ₹12,626 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 31 Jul 20 Duration Returns 1 Month 4.8% 3 Month 11.1% 6 Month -10.7% 1 Year -3.9% 3 Year 2% 5 Year 4.8% Since launch 18.5% 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 Priyanka Khandelwal 15 Jun 17 3.05 Yr. Harish Bihani 5 Nov 18 1.65 Yr. Data below for ICICI Prudential Long Term Equity Fund (Tax Saving) as on 30 Jun 20
Equity Sector Allocation
Sector Value Financial Services 25.18% Communication Services 9.92% Technology 9.27% Utility 9.05% Consumer Defensive 8.92% Health Care 8.13% Basic Materials 7.66% Energy 6.62% Industrials 6.16% Consumer Cyclical 2.77% Real Estate 0.34% Asset Allocation
Asset Class Value Cash 5.9% Equity 94.1% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 17 | BHARTIARTL8% ₹488 Cr 8,708,269 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 17 | HDFCBANK7% ₹414 Cr 3,881,634 Treps
CBLO/Reverse Repo | -7% ₹390 Cr ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 18 | ICICIBANK6% ₹362 Cr 10,295,682
↑ 100,000 NTPC Ltd (Utilities)
Equity, Since 31 Jul 17 | 5325555% ₹328 Cr 34,241,385 Infosys Ltd (Technology)
Equity, Since 30 Jun 16 | INFY4% ₹245 Cr 3,335,125 ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 17 | ITC4% ₹231 Cr 11,843,911
↓ -1,156,799 Hindalco Industries Ltd (Basic Materials)
Equity, Since 30 Nov 18 | HINDALCO4% ₹213 Cr 14,585,604 SBI Life Insurance Co Ltd (Financial Services)
Equity, Since 30 Sep 17 | 5407192% ₹145 Cr 1,801,010 Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 30 Nov 18 | 5003122% ₹141 Cr 17,287,796
↓ -1,768,082 2. Canara Robeco Equity Tax Saver
CAGR/Annualized return of 18.2% 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 (31 Jul 20) ₹68.29 ↑ 0.20 (0.29 %) Net Assets (Cr) ₹992 on 30 Jun 20 Category Equity - ELSS AMC Canara Robeco Asset Management Co. Ltd. Rating ☆ Risk Moderately High Expense Ratio 2.32 Sharpe Ratio -0.17 Information Ratio 0.35 Alpha Ratio 3.78 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jul 15 ₹10,000 31 Jul 16 ₹9,911 31 Jul 17 ₹11,636 31 Jul 18 ₹13,104 31 Jul 19 ₹12,936 31 Jul 20 ₹14,142 Returns for Canara Robeco Equity Tax Saver
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Jul 20 Duration Returns 1 Month 8.4% 3 Month 11.6% 6 Month -2% 1 Year 9.3% 3 Year 6.7% 5 Year 7.2% Since launch 18.2% 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 0.75 Yr. Cheenu Gupta 12 Mar 18 2.31 Yr. Data below for Canara Robeco Equity Tax Saver as on 30 Jun 20
Equity Sector Allocation
Sector Value Financial Services 29.17% Health Care 13.62% Basic Materials 11.63% Technology 11.09% Consumer Defensive 8.89% Consumer Cyclical 7.86% Energy 5.68% Industrials 5.18% Communication Services 4.07% Asset Allocation
Asset Class Value Cash 2.77% Equity 97.23% Top Securities Holdings / Portfolio
Name Holding Value Quantity Infosys Ltd (Technology)
Equity, Since 31 Jul 18 | INFY8% ₹80 Cr 1,089,500
↑ 50,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 08 | HDFCBANK6% ₹63 Cr 588,184
↑ 100,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 19 | RELIANCE6% ₹56 Cr 330,500 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Oct 16 | 5006965% ₹51 Cr 235,330 Divi's Laboratories Ltd (Healthcare)
Equity, Since 31 Dec 18 | DIVISLAB5% ₹45 Cr 196,500
↓ -10,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK4% ₹41 Cr 1,176,000
↓ -435,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 29 Feb 20 | BHARTIARTL4% ₹40 Cr 722,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 20 | KOTAKBANK3% ₹34 Cr 250,000
↑ 135,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 19 | 5000343% ₹34 Cr 119,150
↑ 35,000 HDFC Asset Management Company Limited (Financial Services)
Equity, Since 30 Sep 19 | 5417293% ₹27 Cr 110,000
↑ 51,000 3. BOI AXA Tax Advantage Fund
CAGR/Annualized return of 16.2% 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 (31 Jul 20) ₹55.84 ↑ 0.47 (0.85 %) Net Assets (Cr) ₹262 on 30 Jun 20 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 3.02 Sharpe Ratio 0.07 Information Ratio 0.27 Alpha Ratio 9.94 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jul 15 ₹10,000 31 Jul 16 ₹10,149 31 Jul 17 ₹12,205 31 Jul 18 ₹14,186 31 Jul 19 ₹12,101 31 Jul 20 ₹14,133 Returns for BOI AXA Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Jul 20 Duration Returns 1 Month 8.3% 3 Month 9.7% 6 Month -2.9% 1 Year 16.8% 3 Year 5% 5 Year 7.2% Since launch 16.2% 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 0.96 Yr. Data below for BOI AXA Tax Advantage Fund as on 30 Jun 20
Equity Sector Allocation
Sector Value Financial Services 28.86% Basic Materials 16.82% Health Care 14.43% Consumer Defensive 7.3% Consumer Cyclical 6.54% Energy 5.7% Technology 5.64% Industrials 5.39% Communication Services 4.79% Utility 0.49% Asset Allocation
Asset Class Value Cash 3.76% Equity 96.24% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK6% ₹17 Cr 158,288
↑ 8,721 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE6% ₹15 Cr 87,510
↑ 9,430 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Dec 19 | BHARTIARTL4% ₹11 Cr 197,163
↑ 4,409 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | KOTAKBANK4% ₹10 Cr 74,728
↑ 4,912 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK4% ₹10 Cr 281,959
↑ 68,179 PI Industries Ltd (Basic Materials)
Equity, Since 30 Nov 18 | PIIND4% ₹10 Cr 63,294 Cblo
CBLO | -3% ₹9 Cr Muthoot Finance Ltd (Financial Services)
Equity, Since 29 Feb 20 | 5333983% ₹8 Cr 73,302
↑ 5,687 Abbott India Ltd (Healthcare)
Equity, Since 31 Aug 18 | 5004883% ₹8 Cr 4,910
↓ -1,646 Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 18 | DIVISLAB3% ₹8 Cr 33,806
↓ -5,427 4. Axis Long Term Equity Fund
CAGR/Annualized return of 15.2% 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 (31 Jul 20) ₹44.791 ↑ 0.15 (0.34 %) Net Assets (Cr) ₹20,292 on 30 Jun 20 Category Equity - ELSS AMC Axis Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 3.05 Sharpe Ratio -0.16 Information Ratio 0.43 Alpha Ratio 2.84 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jul 15 ₹10,000 31 Jul 16 ₹10,593 31 Jul 17 ₹12,279 31 Jul 18 ₹14,391 31 Jul 19 ₹13,954 31 Jul 20 ₹14,240 Returns for Axis Long Term Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Jul 20 Duration Returns 1 Month 3.3% 3 Month 4.9% 6 Month -10.9% 1 Year 2.1% 3 Year 5.1% 5 Year 7.3% Since launch 15.2% 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 9.26 Yr. Data below for Axis Long Term Equity Fund as on 30 Jun 20
Equity Sector Allocation
Sector Value Financial Services 32.13% Consumer Cyclical 14.38% Consumer Defensive 13.92% Communication Services 8.09% Technology 6.91% Basic Materials 5.93% Health Care 5.79% Utility 4.22% Industrials 2.08% Asset Allocation
Asset Class Value Cash 6.42% Equity 93.45% Debt 0.13% Top Securities Holdings / Portfolio
Name Holding Value Quantity Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 30 Apr 17 | 5403767% ₹1,503 Cr 6,487,052
↓ -207,960 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK7% ₹1,499 Cr 14,063,723
↑ 500,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | 5000347% ₹1,398 Cr 4,938,073
↓ -52,087 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 11 | KOTAKBANK7% ₹1,396 Cr 10,257,636
↓ -417,879 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 17 | TCS6% ₹1,305 Cr 6,266,874
↓ -1,973,813 Clearing Corporation Of India Ltd
CBLO | -6% ₹1,300 Cr Nestle India Ltd (Consumer Defensive)
Equity, Since 31 Aug 14 | NESTLEIND6% ₹1,169 Cr 680,805
↓ -31,417 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Nov 10 | MARUTI6% ₹1,143 Cr 1,958,004
↑ 3,817 Info Edge (India) Ltd (Communication Services)
Equity, Since 31 May 14 | NAUKRI5% ₹1,078 Cr 3,901,414
↓ -496,977 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFC4% ₹907 Cr 5,170,605
↓ -883,426
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