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ELSS vs Tax Saving FD

Updated on August 4, 2022 , 6845 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 22 - 23

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2021 (%)
BOI AXA Tax Advantage Fund Growth ₹96.09
↑ 0.49
₹5513.2-3.3-0.426.814.941.5
IDFC Tax Advantage (ELSS) Fund Growth ₹96.611
↑ 0.07
₹3,3991.5-3.57.624.413.249.2
Canara Robeco Equity Tax Saver Growth ₹114.52
↑ 0.36
₹3,5186.1-2.44.923.315.335.1
Mirae Asset Tax Saver Fund Growth ₹30.586
↑ 0.05
₹11,4953.6-2.63.922.214.735.3
Mahindra Mutual Fund Kar Bachat Yojana Growth ₹18.7671
↑ 0.06
₹4355.5-1.17219.839.4
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 5 Aug 22

*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 18.3% since its launch.  Ranked 13 in ELSS category.  Return for 2021 was 41.5% , 2020 was 31.2% and 2019 was 14.6% .

Below is the key information for BOI AXA Tax Advantage Fund

BOI AXA Tax Advantage Fund
Growth
Launch Date 25 Feb 09
NAV (05 Aug 22) ₹96.09 ↑ 0.49   (0.51 %)
Net Assets (Cr) ₹551 on 30 Jun 22
Category Equity - ELSS
AMC BOI AXA Investment Mngrs Private Ltd
Rating
Risk Moderately High
Expense Ratio 2.56
Sharpe Ratio -0.53
Information Ratio 0.72
Alpha Ratio -5.33
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jul 17₹10,000
31 Jul 18₹11,624
31 Jul 19₹9,915
31 Jul 20₹11,580
31 Jul 21₹19,650
31 Jul 22₹19,506

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 5 Aug 22

DurationReturns
1 Month 10.9%
3 Month 3.2%
6 Month -3.3%
1 Year -0.4%
3 Year 26.8%
5 Year 14.9%
10 Year
15 Year
Since launch 18.3%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2012 24.8%
Fund Manager information for BOI AXA Tax Advantage Fund
NameSinceTenure
Alok Singh27 Apr 220.26 Yr.

Data below for BOI AXA Tax Advantage Fund as on 30 Jun 22

Equity Sector Allocation
SectorValue
Financial Services26.18%
Consumer Cyclical16.87%
Basic Materials10.29%
Consumer Defensive8.58%
Technology7.8%
Industrials7.36%
Health Care5.88%
Energy5.13%
Utility3.77%
Communication Services2.06%
Real Estate1%
Asset Allocation
Asset ClassValue
Cash5.09%
Equity94.91%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK
7%₹37 Cr529,340
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE
5%₹28 Cr109,009
↑ 18,329
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK
5%₹26 Cr193,669
Infosys Ltd (Technology)
Equity, Since 30 Jun 20 | INFY
4%₹24 Cr165,434
↑ 4,445
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 22 | TCS
3%₹19 Cr57,522
↑ 21,693
State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN
3%₹17 Cr357,926
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | KOTAKBANK
3%₹15 Cr87,607
NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | 532555
3%₹14 Cr977,859
↑ 62,000
Varun Beverages Ltd (Consumer Defensive)
Equity, Since 28 Feb 22 | VBL
2%₹13 Cr168,692
↑ 5,000
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 May 22 | M&M
2%₹12 Cr112,150
↑ 18,600

2. 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 18.1% since its launch.  Ranked 3 in ELSS category.  Return for 2021 was 49.2% , 2020 was 18.7% and 2019 was 1.9% .

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

IDFC Tax Advantage (ELSS) Fund
Growth
Launch Date 26 Dec 08
NAV (05 Aug 22) ₹96.611 ↑ 0.07   (0.08 %)
Net Assets (Cr) ₹3,399 on 30 Jun 22
Category Equity - ELSS
AMC IDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 2.06
Sharpe Ratio -0.05
Information Ratio 0.31
Alpha Ratio 1.7
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jul 17₹10,000
31 Jul 18₹10,996
31 Jul 19₹9,969
31 Jul 20₹9,599
31 Jul 21₹16,948
31 Jul 22₹18,229

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 5 Aug 22

DurationReturns
1 Month 9.6%
3 Month 1.5%
6 Month -3.5%
1 Year 7.6%
3 Year 24.4%
5 Year 13.2%
10 Year
15 Year
Since launch 18.1%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2012 36.2%
Fund Manager information for IDFC Tax Advantage (ELSS) Fund
NameSinceTenure
Daylynn Pinto20 Oct 165.78 Yr.

Data below for IDFC Tax Advantage (ELSS) Fund as on 30 Jun 22

Equity Sector Allocation
SectorValue
Financial Services25.75%
Consumer Cyclical18.01%
Industrials13.09%
Technology10.99%
Basic Materials10.24%
Health Care7.5%
Energy4.2%
Consumer Defensive3.35%
Communication Services2.82%
Asset Allocation
Asset ClassValue
Cash4.04%
Equity95.96%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK
8%₹269 Cr3,800,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY
6%₹205 Cr1,400,000
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
5%₹163 Cr3,500,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE
4%₹143 Cr550,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK
4%₹142 Cr1,050,000
Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS
3%₹115 Cr2,800,000
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Jul 20 | M&M
3%₹98 Cr900,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL
3%₹96 Cr1,400,000
VRL Logistics Ltd (Industrials)
Equity, Since 30 Nov 15 | VRLLOG
3%₹94 Cr1,500,000
↓ -50,000
Greenpanel Industries Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 31 Jul 19 | GREENPANEL
3%₹87 Cr2,010,000
↑ 10,000

3. Canara Robeco Equity Tax Saver

(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 CAGR/Annualized return of 19.8% since its launch.  Ranked 36 in ELSS category.  Return for 2021 was 35.1% , 2020 was 27.4% and 2019 was 10.7% .

Below is the key information for Canara Robeco Equity Tax Saver

Canara Robeco Equity Tax Saver
Growth
Launch Date 2 Feb 09
NAV (05 Aug 22) ₹114.52 ↑ 0.36   (0.32 %)
Net Assets (Cr) ₹3,518 on 30 Jun 22
Category Equity - ELSS
AMC Canara Robeco Asset Management Co. Ltd.
Rating
Risk Moderately High
Expense Ratio 2.26
Sharpe Ratio -0.38
Information Ratio 0.28
Alpha Ratio -2.56
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jul 17₹10,000
31 Jul 18₹11,262
31 Jul 19₹11,118
31 Jul 20₹12,153
31 Jul 21₹19,053
31 Jul 22₹20,114

Canara Robeco Equity Tax Saver SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹447,579.
Net Profit of ₹147,579
Invest Now

Returns for Canara Robeco Equity Tax Saver

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 5 Aug 22

DurationReturns
1 Month 10.7%
3 Month 6.1%
6 Month -2.4%
1 Year 4.9%
3 Year 23.3%
5 Year 15.3%
10 Year
15 Year
Since launch 19.8%
Historical performance (Yearly) on absolute basis
YearReturns
2021 35.1%
2020 27.4%
2019 10.7%
2018 2.7%
2017 32%
2016 0%
2015 0.6%
2014 45.2%
2013 5.3%
2012 30%
Fund Manager information for Canara Robeco Equity Tax Saver
NameSinceTenure
Vishal Mishra26 Jun 211.1 Yr.
Shridatta Bhandwaldar1 Oct 192.84 Yr.

Data below for Canara Robeco Equity Tax Saver as on 30 Jun 22

Equity Sector Allocation
SectorValue
Financial Services28.28%
Consumer Cyclical14.96%
Technology10.99%
Industrials9.08%
Basic Materials8.13%
Energy7%
Health Care6.57%
Consumer Defensive5.54%
Communication Services2.46%
Real Estate1.47%
Utility1.38%
Asset Allocation
Asset ClassValue
Cash4.14%
Equity95.86%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK
7%₹260 Cr3,676,000
↑ 240,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 19 | RELIANCE
7%₹246 Cr948,500
↑ 5,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 18 | INFY
7%₹244 Cr1,671,310
↑ 50,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 08 | HDFCBANK
7%₹235 Cr1,742,184
↑ 55,000
State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN
3%₹107 Cr2,290,000
↑ 40,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 20 | TCS
3%₹106 Cr323,712
Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | 532215
3%₹94 Cr1,478,000
↑ 75,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 21 | BHARTIARTL
2%₹87 Cr1,265,000
↑ 70,000
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Oct 16 | HINDUNILVR
2%₹77 Cr346,690
↑ 10,000
ABB India Ltd (Industrials)
Equity, Since 31 Jan 21 | ABB
2%₹77 Cr332,500

4. Mirae Asset Tax Saver 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. 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 CAGR/Annualized return of 18.4% since its launch.  Return for 2021 was 35.3% , 2020 was 21.5% and 2019 was 14.1% .

Below is the key information for Mirae Asset Tax Saver Fund

Mirae Asset Tax Saver Fund
Growth
Launch Date 28 Dec 15
NAV (05 Aug 22) ₹30.586 ↑ 0.05   (0.17 %)
Net Assets (Cr) ₹11,495 on 30 Jun 22
Category Equity - ELSS
AMC Mirae Asset Global Inv (India) Pvt. Ltd
Rating Not Rated
Risk Moderately High
Expense Ratio 1.4
Sharpe Ratio -0.32
Information Ratio 1.03
Alpha Ratio -1.56
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jul 17₹10,000
31 Jul 18₹10,994
31 Jul 19₹11,172
31 Jul 20₹11,601
31 Jul 21₹18,738
31 Jul 22₹19,668

Mirae Asset Tax Saver 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 Mirae Asset Tax Saver Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 5 Aug 22

DurationReturns
1 Month 8.6%
3 Month 3.6%
6 Month -2.6%
1 Year 3.9%
3 Year 22.2%
5 Year 14.7%
10 Year
15 Year
Since launch 18.4%
Historical performance (Yearly) on absolute basis
YearReturns
2021 35.3%
2020 21.5%
2019 14.1%
2018 -2.3%
2017 47.9%
2016 14.8%
2015
2014
2013
2012
Fund Manager information for Mirae Asset Tax Saver Fund
NameSinceTenure
Neelesh Surana28 Dec 156.6 Yr.

Data below for Mirae Asset Tax Saver Fund as on 30 Jun 22

Equity Sector Allocation
SectorValue
Financial Services34.32%
Technology12.85%
Consumer Cyclical10.02%
Basic Materials8.19%
Industrials7.7%
Energy7.63%
Health Care7.59%
Consumer Defensive4.79%
Communication Services3.24%
Utility2.78%
Asset Allocation
Asset ClassValue
Cash0.89%
Equity99.11%
Other0%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK
8%₹902 Cr6,689,722
Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY
7%₹749 Cr5,124,691
↑ 300,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK
6%₹744 Cr10,518,912
Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 15 | RELIANCE
6%₹707 Cr2,724,180
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 532215
4%₹483 Cr7,583,266
↑ 422,000
State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN
4%₹414 Cr8,883,799
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Dec 15 | TCS
3%₹341 Cr1,042,537
↓ -35,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 20 | BHARTIARTL
2%₹283 Cr4,134,889
↑ 896,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 16 | LT
2%₹282 Cr1,807,630
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Dec 15 | SUNPHARMA
2%₹256 Cr3,082,209

5. Mahindra Mutual Fund Kar Bachat Yojana

The investment objective of the Scheme is to generate long-term capital appreciation through a diversified portfolio of equity and equity related securities. The Scheme does not guarantee or assure any returns.

Mahindra Mutual Fund Kar Bachat Yojana is a Equity - ELSS fund was launched on 18 Oct 16. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 11.5% since its launch.  Return for 2021 was 39.4% , 2020 was 14.1% and 2019 was 4.5% .

Below is the key information for Mahindra Mutual Fund Kar Bachat Yojana

Mahindra Mutual Fund Kar Bachat Yojana
Growth
Launch Date 18 Oct 16
NAV (05 Aug 22) ₹18.7671 ↑ 0.06   (0.31 %)
Net Assets (Cr) ₹435 on 30 Jun 22
Category Equity - ELSS
AMC Mahindra Asset Management Company Pvt. Ltd.
Rating Not Rated
Risk Moderately High
Expense Ratio 2.41
Sharpe Ratio -0.22
Information Ratio 0.07
Alpha Ratio -0.45
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jul 17₹10,000
31 Jul 18₹10,021
31 Jul 19₹9,168
31 Jul 20₹9,164
31 Jul 21₹14,614
31 Jul 22₹15,690

Mahindra Mutual Fund Kar Bachat Yojana SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹385,859.
Net Profit of ₹85,859
Invest Now

Returns for Mahindra Mutual Fund Kar Bachat Yojana

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 5 Aug 22

DurationReturns
1 Month 10.8%
3 Month 5.5%
6 Month -1.1%
1 Year 7%
3 Year 21%
5 Year 9.8%
10 Year
15 Year
Since launch 11.5%
Historical performance (Yearly) on absolute basis
YearReturns
2021 39.4%
2020 14.1%
2019 4.5%
2018 -9.8%
2017 24.8%
2016
2015
2014
2013
2012
Fund Manager information for Mahindra Mutual Fund Kar Bachat Yojana
NameSinceTenure
Manish Lodha21 Dec 201.61 Yr.
Fatema Pacha16 Oct 201.79 Yr.

Data below for Mahindra Mutual Fund Kar Bachat Yojana as on 30 Jun 22

Equity Sector Allocation
SectorValue
Financial Services31.51%
Technology16.42%
Consumer Cyclical11.55%
Industrials11.32%
Energy6.84%
Consumer Defensive6.41%
Basic Materials6.35%
Health Care4.37%
Real Estate1.62%
Utility1.58%
Communication Services1%
Asset Allocation
Asset ClassValue
Cash1.03%
Equity98.97%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 16 | HDFCBANK
10%₹42 Cr313,876
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 19 | ICICIBANK
9%₹41 Cr581,120
↑ 108,000
Infosys Ltd (Technology)
Equity, Since 29 Feb 20 | INFY
9%₹38 Cr260,807
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 18 | RELIANCE
6%₹25 Cr95,154
↓ -3,860
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Apr 20 | HINDUNILVR
4%₹18 Cr80,612
↑ 21,712
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 May 19 | TCS
4%₹16 Cr49,286
↑ 7,000
Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Nov 21 | 500034
3%₹12 Cr23,000
↑ 4,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 21 | 532215
3%₹12 Cr188,500
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 18 | LT
3%₹11 Cr73,042
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 28 Feb 18 | MARUTI
3%₹11 Cr12,926
↑ 1,000

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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