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ELSS vs Tax Saving FD

Updated on February 22, 2024 , 7410 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 24 - 25

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2023 (%)
BOI AXA Tax Advantage Fund Growth ₹149.24
↑ 0.28
₹1,09020.330.153.824.426.434.8
Motilal Oswal Long Term Equity Fund Growth ₹41.1167
↑ 0.43
₹2,92119.829.153.523.12137
IDFC Tax Advantage (ELSS) Fund Growth ₹137.451
↑ 0.24
₹5,97613.516.938.62321.928.3
Franklin India Taxshield Growth ₹1,264.8
↑ 0.03
₹6,03316.622.944.921.718.931.2
Nippon India Tax Saver Fund (ELSS) Growth ₹109.158
↑ 0.17
₹14,16615.420.140.221.116.628.6
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 23 Feb 24

*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. 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 19.8% since its launch.  Ranked 13 in ELSS category.  Return for 2023 was 34.8% , 2022 was -1.3% and 2021 was 41.5% .

Below is the key information for BOI AXA Tax Advantage Fund

BOI AXA Tax Advantage Fund
Growth
Launch Date 25 Feb 09
NAV (23 Feb 24) ₹149.24 ↑ 0.28   (0.19 %)
Net Assets (Cr) ₹1,090 on 31 Jan 24
Category Equity - ELSS
AMC BOI AXA Investment Mngrs Private Ltd
Rating
Risk Moderately High
Expense Ratio 2.49
Sharpe Ratio 2.25
Information Ratio 0.67
Alpha Ratio 6.21
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jan 19₹10,000
31 Jan 20₹12,367
31 Jan 21₹15,231
31 Jan 22₹21,163
31 Jan 23₹21,103
31 Jan 24₹30,490

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 ₹584,107.
Net Profit of ₹284,107
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 23 Feb 24

DurationReturns
1 Month 9.3%
3 Month 20.3%
6 Month 30.1%
1 Year 53.8%
3 Year 24.4%
5 Year 26.4%
10 Year
15 Year
Since launch 19.8%
Historical performance (Yearly) on absolute basis
YearReturns
2023 34.8%
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%
Fund Manager information for BOI AXA Tax Advantage Fund
NameSinceTenure
Alok Singh27 Apr 221.77 Yr.

Data below for BOI AXA Tax Advantage Fund as on 31 Jan 24

Equity Sector Allocation
SectorValue
Financial Services39.37%
Industrials10.63%
Consumer Cyclical9.9%
Basic Materials7.88%
Health Care6.87%
Technology6.1%
Utility5.26%
Energy4.66%
Consumer Defensive3.33%
Real Estate2.71%
Asset Allocation
Asset ClassValue
Cash3.29%
Equity96.71%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK
6%₹58 Cr340,000
↑ 136,000
State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN
5%₹50 Cr780,000
Power Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 23 | PFC
5%₹48 Cr1,252,000
↓ -135,500
Canara Bank (Financial Services)
Equity, Since 31 Aug 22 | CANBK
4%₹39 Cr895,000
Bank of Baroda (Financial Services)
Equity, Since 31 Oct 22 | BANKBARODA
4%₹38 Cr1,650,000
NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | NTPC
4%₹38 Cr1,208,000
↓ -52,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE
3%₹34 Cr130,000
↑ 38,991
Union Bank of India (Financial Services)
Equity, Since 31 Dec 22 | 532477
3%₹32 Cr2,725,875
REC Ltd (Financial Services)
Equity, Since 30 Sep 23 | RECLTD
3%₹29 Cr700,000
↓ -120,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 22 | LT
3%₹28 Cr78,000

2. Motilal Oswal Long Term Equity Fund

(Erstwhile Motilal Oswal MOSt Focused Long Term Fund)

The investment objective of the Scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Motilal Oswal Long Term Equity Fund is a Equity - ELSS fund was launched on 21 Jan 15. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 16.8% since its launch.  Return for 2023 was 37% , 2022 was 1.8% and 2021 was 32.1% .

Below is the key information for Motilal Oswal Long Term Equity Fund

Motilal Oswal Long Term Equity Fund
Growth
Launch Date 21 Jan 15
NAV (23 Feb 24) ₹41.1167 ↑ 0.43   (1.06 %)
Net Assets (Cr) ₹2,921 on 31 Dec 23
Category Equity - ELSS
AMC Motilal Oswal Asset Management Co. Ltd
Rating Not Rated
Risk Moderately High
Expense Ratio 1.68
Sharpe Ratio 1.98
Information Ratio 0.38
Alpha Ratio 9.96
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jan 19₹10,000
31 Jan 20₹12,183
31 Jan 21₹12,793
31 Jan 22₹16,970
31 Jan 23₹16,857
31 Jan 24₹24,629

Motilal Oswal Long Term Equity Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹505,644.
Net Profit of ₹205,644
Invest Now

Returns for Motilal Oswal Long Term Equity Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Feb 24

DurationReturns
1 Month 9%
3 Month 19.8%
6 Month 29.1%
1 Year 53.5%
3 Year 23.1%
5 Year 21%
10 Year
15 Year
Since launch 16.8%
Historical performance (Yearly) on absolute basis
YearReturns
2023 37%
2022 1.8%
2021 32.1%
2020 8.8%
2019 13.2%
2018 -8.7%
2017 44%
2016 12.5%
2015
2014
Fund Manager information for Motilal Oswal Long Term Equity Fund
NameSinceTenure
Ajay Khandelwal11 Dec 230.14 Yr.
Niket Shah17 Oct 230.29 Yr.
Rakesh Shetty22 Nov 221.19 Yr.

Data below for Motilal Oswal Long Term Equity Fund as on 31 Dec 23

Equity Sector Allocation
SectorValue
Financial Services22.91%
Industrials21.14%
Consumer Cyclical20.21%
Health Care14.71%
Basic Materials5.21%
Real Estate4.64%
Technology3.7%
Utility2.66%
Asset Allocation
Asset ClassValue
Cash4.81%
Equity95.19%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Jio Financial Services Ltd (Financial Services)
Equity, Since 31 Oct 23 | 543940
6%₹172 Cr7,400,000
↑ 900,000
Zomato Ltd (Consumer Cyclical)
Equity, Since 31 Oct 23 | 543320
6%₹161 Cr13,000,000
Trent Ltd (Consumer Cyclical)
Equity, Since 31 Aug 22 | TRENT
5%₹160 Cr524,799
↓ -175,201
InterGlobe Aviation Ltd (Industrials)
Equity, Since 31 Jul 23 | INDIGO
5%₹152 Cr511,055
↓ -13,945
Global Health Ltd (Healthcare)
Equity, Since 30 Nov 22 | MEDANTA
5%₹150 Cr1,560,000
↓ -140,000
IndusInd Bank Ltd (Financial Services)
Equity, Since 31 Mar 23 | INDUSINDBK
5%₹144 Cr900,000
Prestige Estates Projects Ltd (Real Estate)
Equity, Since 31 Oct 23 | PRESTIGE
5%₹136 Cr1,150,000
↑ 150,000
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | ICICIBANK
5%₹135 Cr1,350,000
Fortis Healthcare Ltd (Healthcare)
Equity, Since 31 Aug 21 | FORTIS
4%₹126 Cr3,000,000
Infosys Ltd (Technology)
Equity, Since 31 Aug 20 | INFY
4%₹108 Cr700,000
↓ -150,000

3. 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 18.9% since its launch.  Ranked 3 in ELSS category.  Return for 2023 was 28.3% , 2022 was 4.2% and 2021 was 49.2% .

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

IDFC Tax Advantage (ELSS) Fund
Growth
Launch Date 26 Dec 08
NAV (23 Feb 24) ₹137.451 ↑ 0.24   (0.17 %)
Net Assets (Cr) ₹5,976 on 31 Jan 24
Category Equity - ELSS
AMC IDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 1.95
Sharpe Ratio 2.23
Information Ratio 0.82
Alpha Ratio 4.52
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jan 19₹10,000
31 Jan 20₹10,783
31 Jan 21₹12,703
31 Jan 22₹18,944
31 Jan 23₹19,195
31 Jan 24₹25,779

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 ₹518,033.
Net Profit of ₹218,033
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 23 Feb 24

DurationReturns
1 Month 5.4%
3 Month 13.5%
6 Month 16.9%
1 Year 38.6%
3 Year 23%
5 Year 21.9%
10 Year
15 Year
Since launch 18.9%
Historical performance (Yearly) on absolute basis
YearReturns
2023 28.3%
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%
Fund Manager information for IDFC Tax Advantage (ELSS) Fund
NameSinceTenure
Daylynn Pinto20 Oct 167.29 Yr.
Ritika Behera7 Oct 230.32 Yr.

Data below for IDFC Tax Advantage (ELSS) Fund as on 31 Jan 24

Equity Sector Allocation
SectorValue
Financial Services28.25%
Consumer Cyclical12.95%
Industrials11%
Technology8.99%
Basic Materials8.86%
Consumer Defensive7.81%
Health Care6.65%
Energy4.72%
Communication Services2.92%
Utility2.58%
Real Estate0.63%
Asset Allocation
Asset ClassValue
Cash4.64%
Equity95.36%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK
7%₹376 Cr2,200,000
↑ 300,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK
6%₹339 Cr3,400,000
↓ -400,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE
5%₹271 Cr1,050,000
↑ 50,000
Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | AXISBANK
4%₹243 Cr2,200,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY
4%₹216 Cr1,400,000
Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS
3%₹179 Cr2,300,000
↓ -100,000
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
3%₹148 Cr2,300,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL
2%₹132 Cr1,275,000
NTPC Ltd (Utilities)
Equity, Since 30 Sep 22 | NTPC
2%₹124 Cr4,000,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Oct 21 | TCS
2%₹122 Cr321,877
↓ -3,123

4. 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 21.5% since its launch.  Ranked 28 in ELSS category.  Return for 2023 was 31.2% , 2022 was 5.4% and 2021 was 36.7% .

Below is the key information for Franklin India Taxshield

Franklin India Taxshield
Growth
Launch Date 10 Apr 99
NAV (23 Feb 24) ₹1,264.8 ↑ 0.03   (0.00 %)
Net Assets (Cr) ₹6,033 on 31 Jan 24
Category Equity - ELSS
AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating
Risk Moderately High
Expense Ratio 1.91
Sharpe Ratio 2.46
Information Ratio 0.66
Alpha Ratio 6.03
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jan 19₹10,000
31 Jan 20₹10,691
31 Jan 21₹11,843
31 Jan 22₹16,291
31 Jan 23₹16,421
31 Jan 24₹22,758

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 ₹481,656.
Net Profit of ₹181,656
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 23 Feb 24

DurationReturns
1 Month 5.8%
3 Month 16.6%
6 Month 22.9%
1 Year 44.9%
3 Year 21.7%
5 Year 18.9%
10 Year
15 Year
Since launch 21.5%
Historical performance (Yearly) on absolute basis
YearReturns
2023 31.2%
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%
Fund Manager information for Franklin India Taxshield
NameSinceTenure
R. Janakiraman2 May 167.75 Yr.
Rajasa Kakulavarapu1 Dec 230.17 Yr.

Data below for Franklin India Taxshield as on 31 Jan 24

Equity Sector Allocation
SectorValue
Financial Services28.14%
Industrials14.17%
Consumer Cyclical11.84%
Technology9.69%
Consumer Defensive8.3%
Basic Materials6.03%
Utility5.3%
Energy4.87%
Communication Services4.67%
Health Care2.04%
Asset Allocation
Asset ClassValue
Cash4.93%
Equity95.07%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK
8%₹458 Cr4,600,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 07 | HDFCBANK
7%₹444 Cr2,600,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 19 | LT
6%₹353 Cr1,000,000
Infosys Ltd (Technology)
Equity, Since 29 Feb 12 | INFY
5%₹293 Cr1,900,000
Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 14 | AXISBANK
5%₹287 Cr2,600,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 07 | BHARTIARTL
5%₹279 Cr2,700,000
State Bank of India (Financial Services)
Equity, Since 31 Aug 15 | SBIN
3%₹193 Cr3,000,000
HCL Technologies Ltd (Technology)
Equity, Since 31 Oct 21 | 532281
3%₹191 Cr1,300,000
United Spirits Ltd (Consumer Defensive)
Equity, Since 31 Oct 18 | MCDOWELL-N
3%₹184 Cr1,650,000
Grasim Industries Ltd (Basic Materials)
Equity, Since 30 Jun 11 | GRASIM
3%₹171 Cr800,000

5. Nippon India Tax Saver Fund (ELSS)

The primary objective of the scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related instruments. However, there can be no assurance that the scheme’s investment objective shall be achieved.

Nippon India Tax Saver Fund (ELSS) is a Equity - ELSS fund was launched on 21 Sep 05. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 13.9% since its launch.  Ranked 16 in ELSS category.  Return for 2023 was 28.6% , 2022 was 6.9% and 2021 was 37.6% .

Below is the key information for Nippon India Tax Saver Fund (ELSS)

Nippon India Tax Saver Fund (ELSS)
Growth
Launch Date 21 Sep 05
NAV (23 Feb 24) ₹109.158 ↑ 0.17   (0.16 %)
Net Assets (Cr) ₹14,166 on 31 Jan 24
Category Equity - ELSS
AMC Nippon Life Asset Management Ltd.
Rating
Risk Moderately High
Expense Ratio 1.8
Sharpe Ratio 2
Information Ratio 0.79
Alpha Ratio 1.22
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jan 19₹10,000
31 Jan 20₹10,450
31 Jan 21₹10,499
31 Jan 22₹14,782
31 Jan 23₹15,132
31 Jan 24₹20,366

Nippon India Tax Saver Fund (ELSS) SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹458,689.
Net Profit of ₹158,689
Invest Now

Returns for Nippon India Tax Saver Fund (ELSS)

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Feb 24

DurationReturns
1 Month 5.7%
3 Month 15.4%
6 Month 20.1%
1 Year 40.2%
3 Year 21.1%
5 Year 16.6%
10 Year
15 Year
Since launch 13.9%
Historical performance (Yearly) on absolute basis
YearReturns
2023 28.6%
2022 6.9%
2021 37.6%
2020 -0.4%
2019 1.5%
2018 -20.7%
2017 46%
2016 4.2%
2015 -2.9%
2014 83%
Fund Manager information for Nippon India Tax Saver Fund (ELSS)
NameSinceTenure
Rupesh Patel1 Jul 212.59 Yr.
Ashutosh Bhargava1 Jul 203.59 Yr.
Kinjal Desai25 May 185.69 Yr.

Data below for Nippon India Tax Saver Fund (ELSS) as on 31 Jan 24

Equity Sector Allocation
SectorValue
Financial Services34.81%
Consumer Cyclical12.82%
Industrials11.38%
Consumer Defensive9.03%
Basic Materials7.1%
Utility5.98%
Technology4.84%
Energy4.56%
Health Care4.06%
Communication Services2.68%
Real Estate1.91%
Asset Allocation
Asset ClassValue
Cash0.56%
Equity99.17%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 29 Feb 20 | HDFCBANK
9%₹1,206 Cr7,056,000
ICICI Bank Ltd (Financial Services)
Equity, Since 28 Feb 15 | ICICIBANK
7%₹997 Cr10,000,000
Infosys Ltd (Technology)
Equity, Since 31 Mar 20 | INFY
5%₹679 Cr4,400,000
Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 20 | AXISBANK
4%₹562 Cr5,100,000
↓ -150,000
State Bank of India (Financial Services)
Equity, Since 31 Dec 13 | SBIN
4%₹507 Cr7,900,000
↓ -100,000
NTPC Ltd (Utilities)
Equity, Since 28 Feb 19 | NTPC
4%₹504 Cr16,200,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 May 18 | LT
3%₹414 Cr1,173,822
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 20 | RELIANCE
3%₹414 Cr1,600,000
Samvardhana Motherson International Ltd (Consumer Cyclical)
Equity, Since 30 Nov 21 | MOTHERSON
2%₹313 Cr30,700,000
Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 Jul 21 | TATAMOTORS
2%₹296 Cr3,800,000
↓ -200,000

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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