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ELSS vs Tax Saving FD

Updated on June 5, 2023 , 7139 views

Equity Linked Savings Scheme (ELSS)

ELSS is the only Mutual Fund eligible for 80C deductions. It is a diversified equity mutual fund that offers tax deductions up to Rs. 1.5 lakhs annually under Section 80C of income tax Act (IT Act 1961).

ELSS

Prior to the introduction of Feburary Budget 2018, its returns were completely tax-free. However, now it is subject to 10% long-term Capital gains tax if your Capital Gains exceed Rs. 1 lakh after one year. Even after the 10% tax cut, ELSS has the potential to deliver superior returns compared to other tax-saving instruments. The perks of ELSS investments are not limited to the Taxes saved. The Power of Compounding ensures that your investment is doubled if you invest for, say, 5 years (tenure of tax-saving FD). To add to that, the minimum lock-in period is only 3 years.

Tax Saving Fixed Deposits

Investing money in Fixed Deposits with banks allows individuals and HUFs to claim a tax Deduction of up to Rs. 1,50,000 in a financial year. These deposits have a lock-in period of 5 years. You, however, cannot withdraw this deposit prematurely. But you can avail loans against your FDs at competitive rates. The interest earned on these deposits, however, is taxable marginal rate of tax (as per the tax bracket) of the individual.

Highlights of Tax Saver FD

Tax-saving-fd

Let us look at the key highlights of the tax saver FD -

  • Only individuals and members of hindu undivided family (HUF) can invest in the tax saving FD scheme
  • The minimum investment amount of the tax saver FD varies from Bank to bank
  • The lock-in period of the tax saving FD is five years
  • You can get tax deductions up to Rs. 1,50,000
  • There is no provision for premature withdrawal
  • You cannot apply for loan against these tax saver FD
  • Investment in these tax saver FDs can be done in any private or public sector bank (except co-operative and rural banks)
  • Investment made in Post Office Time Deposit for the period of over five years also qualifies as tax saving FD
  • You can transfer the Post Office FD from one Post Office to another
  • The interest earned from this type of FD is taxable and will be deducted from the source
  • Tax saving deposit account can be opened individually as well as jointly.
  • In case of a joint account, the tax benefit will be enjoyed by the first holder of the joint account

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ELSS vs FD - Comparison

Here is a quick overview of the of the differences between ELSS and Tax Saving FDs over various parameters:

Parameter FD ELSS
Tenure 5 Years Lock-in 3 Years Lock-in
Returns 7.00 - 8.00 % (Compounded Annually) No Assured Divividend / Return as it Market linked generally around 16 - 17% per annum
Min. Investment Rs. 1000 Rs. 500
Max. Investment No Upper Limit No Upper Limit
Amount Eligible for Deduction under 80c Rs. 1.5 Lakhs Rs. 1.5 Lakhs
Taxation for Interest/return Interest Taxable Gains up to Rs. 1 lakh are free of tax. Tax at 10% applies to gains above Rs. 1 lakh
Safety/Ratings Safe Bit Risky
liquidity You cannot withdraw tax saving FD before 5 years You may exit or withdraw ELSS after 3 years.
Online option Not all banks offer an online Facility to open an FD One can start an ELSS online – as a lump sum or SIP

Top ELSS Mutual Funds FY 23 - 24

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2022 (%)
IDFC Tax Advantage (ELSS) Fund Growth ₹108.94
↑ 0.50
₹4,33395.319.634.113.74.2
SBI Magnum Tax Gain Fund Growth ₹260.33
↑ 3.09
₹12,9989.86.424.427.913.46.9
BOI AXA Tax Advantage Fund Growth ₹106.44
↑ 1.01
₹7397.32.719.927.714-1.3
PGIM India Tax Savings Fund Growth ₹26.13
↑ 0.20
₹4946.53.417.727.413.24.7
Franklin India Taxshield Growth ₹947.966
↑ 8.00
₹4,7407.11.118.127115.4
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 7 Jun 23

*Below is the list of funds having AUM between 100 - 15000 Crore & having fund age of 3 Years of above. Based on 3 Year Performance.

1. 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 18% since its launch.  Ranked 3 in ELSS category.  Return for 2022 was 4.2% , 2021 was 49.2% and 2020 was 18.7% .

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

IDFC Tax Advantage (ELSS) Fund
Growth
Launch Date 26 Dec 08
NAV (07 Jun 23) ₹108.94 ↑ 0.50   (0.46 %)
Net Assets (Cr) ₹4,333 on 30 Apr 23
Category Equity - ELSS
AMC IDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 1.95
Sharpe Ratio -0.07
Information Ratio 1.16
Alpha Ratio -0.58
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 May 18₹10,000
31 May 19₹9,909
31 May 20₹7,293
31 May 21₹14,346
31 May 22₹15,924
31 May 23₹18,396

IDFC Tax Advantage (ELSS) Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹426,080.
Net Profit of ₹126,080
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 7 Jun 23

DurationReturns
1 Month 6.2%
3 Month 9%
6 Month 5.3%
1 Year 19.6%
3 Year 34.1%
5 Year 13.7%
10 Year
15 Year
Since launch 18%
Historical performance (Yearly) on absolute basis
YearReturns
2022 4.2%
2021 49.2%
2020 18.7%
2019 1.9%
2018 -9.4%
2017 53.4%
2016 0.4%
2015 6.9%
2014 42.2%
2013 15%
Fund Manager information for IDFC Tax Advantage (ELSS) Fund
NameSinceTenure
Daylynn Pinto20 Oct 166.53 Yr.

Data below for IDFC Tax Advantage (ELSS) Fund as on 30 Apr 23

Equity Sector Allocation
SectorValue
Financial Services27.23%
Industrials13.77%
Consumer Cyclical13.37%
Basic Materials10.49%
Technology8.41%
Health Care6.4%
Consumer Defensive6.35%
Energy3.91%
Communication Services2.44%
Utility1.47%
Asset Allocation
Asset ClassValue
Cash6.16%
Equity93.84%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK
8%₹349 Cr3,800,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK
4%₹177 Cr1,050,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE
4%₹169 Cr700,000
↑ 25,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY
4%₹169 Cr1,350,000
Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | AXISBANK
4%₹168 Cr1,950,000
↑ 100,000
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
3%₹145 Cr2,500,000
↓ -500,000
Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS
3%₹126 Cr2,600,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 22 | HDFC
3%₹118 Cr425,000
↑ 75,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL
2%₹106 Cr1,325,000
NCC Ltd (Industrials)
Equity, Since 28 Feb 19 | NCC
2%₹104 Cr8,700,000
↓ -300,000

2. SBI Magnum Tax Gain Fund

To deliver the benefit of investment in a portfolio of equity shares, while offering deduction on such investment made in the scheme under section 80C of the Income-tax Act, 1961. It also seeks to distribute income periodically depending on distributable surplus. Investments in this scheme would be subject to a statutory lock-in of 3 years from the date of allotment to avail Section 80C benefits.

SBI Magnum Tax Gain Fund is a Equity - ELSS fund was launched on 7 May 07. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 11.5% since its launch.  Ranked 31 in ELSS category.  Return for 2022 was 6.9% , 2021 was 31% and 2020 was 18.9% .

Below is the key information for SBI Magnum Tax Gain Fund

SBI Magnum Tax Gain Fund
Growth
Launch Date 7 May 07
NAV (07 Jun 23) ₹260.33 ↑ 3.09   (1.20 %)
Net Assets (Cr) ₹12,998 on 30 Apr 23
Category Equity - ELSS
AMC SBI Funds Management Private Limited
Rating
Risk Moderately High
Expense Ratio 1.85
Sharpe Ratio 0.42
Information Ratio 0.24
Alpha Ratio 6.5
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 May 18₹10,000
31 May 19₹10,463
31 May 20₹8,460
31 May 21₹14,014
31 May 22₹15,124
31 May 23₹18,107

SBI Magnum Tax Gain Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹426,080.
Net Profit of ₹126,080
Invest Now

Returns for SBI Magnum Tax Gain Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 7 Jun 23

DurationReturns
1 Month 6.3%
3 Month 9.8%
6 Month 6.4%
1 Year 24.4%
3 Year 27.9%
5 Year 13.4%
10 Year
15 Year
Since launch 11.5%
Historical performance (Yearly) on absolute basis
YearReturns
2022 6.9%
2021 31%
2020 18.9%
2019 4%
2018 -8.3%
2017 33%
2016 2.1%
2015 3.2%
2014 49.1%
2013 7%
Fund Manager information for SBI Magnum Tax Gain Fund
NameSinceTenure
Dinesh Balachandran10 Sep 166.64 Yr.

Data below for SBI Magnum Tax Gain Fund as on 30 Apr 23

Equity Sector Allocation
SectorValue
Financial Services26.38%
Industrials14.85%
Energy8.84%
Consumer Cyclical7.21%
Utility7.03%
Technology6.33%
Basic Materials6.16%
Health Care6.02%
Consumer Defensive3.59%
Communication Services3.42%
Real Estate2.41%
Asset Allocation
Asset ClassValue
Cash7.76%
Equity92.24%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | ICICIBANK
5%₹681 Cr7,416,237
Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 07 | LT
4%₹584 Cr2,468,968
Cummins India Ltd (Industrials)
Equity, Since 28 Feb 19 | CUMMINSIND
4%₹487 Cr3,088,066
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 06 | RELIANCE
4%₹469 Cr1,937,574
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 07 | HDFCBANK
3%₹446 Cr2,641,521
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Mar 17 | BHARTIARTL
3%₹445 Cr5,563,576
↑ 355,426
State Bank of India (Financial Services)
Equity, Since 31 May 06 | SBIN
3%₹444 Cr7,685,639
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Dec 16 | M&M
3%₹419 Cr3,415,083
Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 11 | AXISBANK
3%₹386 Cr4,492,332
ITC Ltd Shs Dematerialised (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC
3%₹376 Cr8,836,111

3. BOI AXA Tax Advantage Fund

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 CAGR/Annualized return of 18% since its launch.  Ranked 13 in ELSS category.  Return for 2022 was -1.3% , 2021 was 41.5% and 2020 was 31.2% .

Below is the key information for BOI AXA Tax Advantage Fund

BOI AXA Tax Advantage Fund
Growth
Launch Date 25 Feb 09
NAV (07 Jun 23) ₹106.44 ↑ 1.01   (0.96 %)
Net Assets (Cr) ₹739 on 30 Apr 23
Category Equity - ELSS
AMC BOI AXA Investment Mngrs Private Ltd
Rating
Risk Moderately High
Expense Ratio 2.54
Sharpe Ratio 0.12
Information Ratio 0.12
Alpha Ratio 2.28
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 May 18₹10,000
31 May 19₹9,208
31 May 20₹8,648
31 May 21₹15,134
31 May 22₹15,930
31 May 23₹18,489

BOI AXA Tax Advantage Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹436,710.
Net Profit of ₹136,710
Invest Now

Returns for BOI AXA Tax Advantage Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 7 Jun 23

DurationReturns
1 Month 2.8%
3 Month 7.3%
6 Month 2.7%
1 Year 19.9%
3 Year 27.7%
5 Year 14%
10 Year
15 Year
Since launch 18%
Historical performance (Yearly) on absolute basis
YearReturns
2022 -1.3%
2021 41.5%
2020 31.2%
2019 14.6%
2018 -16.3%
2017 57.7%
2016 -1.2%
2015 2.1%
2014 44%
2013 9.1%
Fund Manager information for BOI AXA Tax Advantage Fund
NameSinceTenure
Alok Singh27 Apr 221.01 Yr.

Data below for BOI AXA Tax Advantage Fund as on 30 Apr 23

Equity Sector Allocation
SectorValue
Financial Services36.97%
Industrials10.94%
Consumer Defensive9.81%
Basic Materials9.14%
Health Care6.44%
Utility5.55%
Energy5.02%
Consumer Cyclical3.56%
Technology2.9%
Real Estate1.98%
Communication Services0.69%
Asset Allocation
Asset ClassValue
Cash6.92%
Equity93.01%
Debt0.07%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK
7%₹49 Cr529,340
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK
6%₹45 Cr265,000
State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN
6%₹45 Cr770,000
Canara Bank (Financial Services)
Equity, Since 31 Aug 22 | CANBK
4%₹28 Cr895,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE
3%₹22 Cr91,009
NTPC Ltd Shs Dematerialised (Utilities)
Equity, Since 30 Apr 22 | NTPC
3%₹22 Cr1,260,000
ITC Ltd Shs Dematerialised (Consumer Defensive)
Equity, Since 31 May 22 | ITC
3%₹20 Cr473,223
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 22 | LT
2%₹18 Cr76,000
↑ 5,000
Balrampur Chini Mills Ltd (Consumer Defensive)
Equity, Since 30 Apr 22 | BALRAMCHIN
2%₹18 Cr432,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 22 | AXISBANK
2%₹18 Cr204,000

4. PGIM India Tax Savings Fund

"The primary objective of the Scheme is to generate long-term capital appreciation by predominantly investing in equity & equity related instruments and to enable eligible investors to avail deduction from total income, as permitted under the Income Tax Act, 1961 as amended from time to time. However, there is no assurance that the investment objective shall be realize"

PGIM India Tax Savings Fund is a Equity - ELSS fund was launched on 11 Dec 15. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 13.7% since its launch.  Return for 2022 was 4.7% , 2021 was 37.5% and 2020 was 17.9% .

Below is the key information for PGIM India Tax Savings Fund

PGIM India Tax Savings Fund
Growth
Launch Date 11 Dec 15
NAV (07 Jun 23) ₹26.13 ↑ 0.20   (0.77 %)
Net Assets (Cr) ₹494 on 30 Apr 23
Category Equity - ELSS
AMC Pramerica Asset Managers Private Limited
Rating Not Rated
Risk Moderately High
Expense Ratio 2.46
Sharpe Ratio 0.04
Information Ratio 0.4
Alpha Ratio 0.99
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 May 18₹10,000
31 May 19₹10,476
31 May 20₹8,545
31 May 21₹14,542
31 May 22₹15,983
31 May 23₹18,368

PGIM India Tax Savings Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹426,080.
Net Profit of ₹126,080
Invest Now

Returns for PGIM India Tax Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 7 Jun 23

DurationReturns
1 Month 4.9%
3 Month 6.5%
6 Month 3.4%
1 Year 17.7%
3 Year 27.4%
5 Year 13.2%
10 Year
15 Year
Since launch 13.7%
Historical performance (Yearly) on absolute basis
YearReturns
2022 4.7%
2021 37.5%
2020 17.9%
2019 8.2%
2018 -6.4%
2017 39.3%
2016 1.7%
2015
2014
2013
Fund Manager information for PGIM India Tax Savings Fund
NameSinceTenure
Bhupesh Kalyani1 Apr 230.08 Yr.
Vinay Paharia1 Apr 230.08 Yr.
Anandha Padmanabhan Anjeneyan1 Apr 230.08 Yr.
Ojasvi Khicha1 Apr 230.08 Yr.

Data below for PGIM India Tax Savings Fund as on 30 Apr 23

Equity Sector Allocation
SectorValue
Financial Services31.62%
Consumer Cyclical9.55%
Industrials8.64%
Technology8.53%
Consumer Defensive7.92%
Energy7.09%
Health Care7%
Basic Materials6.85%
Utility3.49%
Communication Services2.03%
Real Estate0.79%
Asset Allocation
Asset ClassValue
Cash6.49%
Equity93.51%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK
8%₹37 Cr222,200
Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 17 | RELIANCE
7%₹35 Cr144,750
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 16 | ICICIBANK
6%₹27 Cr298,500
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Sep 17 | LT
5%₹23 Cr95,664
Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY
4%₹20 Cr161,129
Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 21 | AXISBANK
4%₹19 Cr218,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 17 | HDFC
3%₹17 Cr61,500
↑ 14,800
ITC Ltd Shs Dematerialised (Consumer Defensive)
Equity, Since 31 Aug 17 | ITC
3%₹17 Cr400,000
State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN
2%₹10 Cr178,174
↓ -116,000
HCL Technologies Ltd (Technology)
Equity, Since 31 Aug 20 | HCLTECH
2%₹10 Cr96,100

5. Franklin India Taxshield

The primary objective for Franklin IndiaTaxshield is to provide medium to long term growth of capital along with income tax rebate

Franklin India Taxshield is a Equity - ELSS fund was launched on 10 Apr 99. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 20.7% since its launch.  Ranked 28 in ELSS category.  Return for 2022 was 5.4% , 2021 was 36.7% and 2020 was 9.8% .

Below is the key information for Franklin India Taxshield

Franklin India Taxshield
Growth
Launch Date 10 Apr 99
NAV (07 Jun 23) ₹947.966 ↑ 8.00   (0.85 %)
Net Assets (Cr) ₹4,740 on 30 Apr 23
Category Equity - ELSS
AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating
Risk Moderately High
Expense Ratio 1.9
Sharpe Ratio 0.14
Information Ratio 0.34
Alpha Ratio 2.76
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 May 18₹10,000
31 May 19₹10,246
31 May 20₹7,679
31 May 21₹13,336
31 May 22₹14,452
31 May 23₹16,517

Franklin India Taxshield SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹395,578.
Net Profit of ₹95,578
Invest Now

Returns for Franklin India Taxshield

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 7 Jun 23

DurationReturns
1 Month 5.2%
3 Month 7.1%
6 Month 1.1%
1 Year 18.1%
3 Year 27%
5 Year 11%
10 Year
15 Year
Since launch 20.7%
Historical performance (Yearly) on absolute basis
YearReturns
2022 5.4%
2021 36.7%
2020 9.8%
2019 5.1%
2018 -3%
2017 29.1%
2016 4.7%
2015 4%
2014 56.9%
2013 6.1%
Fund Manager information for Franklin India Taxshield
NameSinceTenure
Anand Radhakrishnan18 Oct 211.53 Yr.
R. Janakiraman2 May 167 Yr.

Data below for Franklin India Taxshield as on 30 Apr 23

Equity Sector Allocation
SectorValue
Financial Services32.32%
Industrials12.64%
Consumer Cyclical10.19%
Technology9.8%
Consumer Defensive8.3%
Basic Materials5.8%
Utility5.26%
Communication Services5.23%
Energy4.37%
Health Care1.33%
Asset Allocation
Asset ClassValue
Cash4.75%
Equity95.25%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK
9%₹422 Cr4,600,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 07 | HDFCBANK
9%₹422 Cr2,500,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 19 | LT
6%₹270 Cr1,140,000
Infosys Ltd (Technology)
Equity, Since 29 Feb 12 | INFY
5%₹251 Cr2,000,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 07 | BHARTIARTL
5%₹248 Cr3,100,000
Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 14 | AXISBANK
5%₹237 Cr2,750,000
State Bank of India (Financial Services)
Equity, Since 31 Aug 15 | SBIN
4%₹173 Cr3,000,000
HCL Technologies Ltd (Technology)
Equity, Since 31 Oct 21 | HCLTECH
3%₹138 Cr1,300,000
Grasim Industries Ltd (Basic Materials)
Equity, Since 30 Jun 11 | GRASIM
3%₹138 Cr800,000
United Spirits Ltd Shs Dematerialised (Consumer Defensive)
Equity, Since 31 Oct 18 | 532432
3%₹128 Cr1,650,000

Should you Invest in ELSS or Tax saving FDs?

Before getting into new investment ventures, people consider a lot of things. Age, investment horizon and risk appetite are a few of the important factors. People who want dual benefits of wealth growth and tax benefits prefer ELSS. For instance, new investors with a long investment horizon and higher risk appetite find ELSS a sensible option. People nearing retirement can invest in tax saving FDs as they tend to have low risks and guaranteed returns over long term (5 year or above atleast).

How to Invest in ELSS Online?

  1. Open Free Investment Account for Lifetime at Fincash.com.

  2. Complete your Registration and KYC Process

  3. Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!

    Get Started

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.
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