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Top 3 Best performing ELSS (Tax Saving) Mutual Funds for 2022 | Fincash.com

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Top 3 Best Tax Saving ELSS Mutual Funds for 2022

Updated on October 4, 2022 , 3987 views

Best elss Funds or Equity Linked Savings Schemes (Tax Saving) are equity diversified Mutual Funds that majorly invest in equity-linked instruments (like shares and stocks) to provide Market-linked returns. Typically, 80% of the fund corpus is invested in equity and the remaining in debt instruments. Best ELSS funds are also known as the tax saving Mutual Funds as they offer tax benefits under Section 80C of the income tax Act. Moreover, the ELSS Mutual Funds are open-ended, which means that the investors can subscribe in these funds as and when they want. However, before Investing in these tax saving Mutual Funds, it is suggested to consider a list of best ELSS funds.

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Top 3 ELSS Funds To Invest In 2022

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2021 (%)
IDFC Tax Advantage (ELSS) Fund Growth ₹99.437
↑ 0.73
₹3,85111.5-0.93.624.512.949.2
Principal Tax Savings Fund Growth ₹337.35
↑ 1.62
₹96910.50.9420.610.932.1
DSP BlackRock Tax Saver Fund Growth ₹81.066
↑ 0.40
₹10,2198.7-1.1-119.112.335.1
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 6 Oct 22

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 18.4% 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 (06 Oct 22) ₹99.68 ↑ 0.70   (0.71 %)
Net Assets (Cr) ₹645 on 31 Aug 22
Category Equity - ELSS
AMC BOI AXA Investment Mngrs Private Ltd
Rating
Risk Moderately High
Expense Ratio 2.56
Sharpe Ratio -0.21
Information Ratio 0.68
Alpha Ratio -7.28
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Sep 17₹10,000
30 Sep 18₹9,611
30 Sep 19₹10,457
30 Sep 20₹12,154
30 Sep 21₹20,152
30 Sep 22₹19,635

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 6 Oct 22

DurationReturns
1 Month -0.5%
3 Month 13.4%
6 Month 0.5%
1 Year -2.6%
3 Year 25%
5 Year 14%
10 Year
15 Year
Since launch 18.4%
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 220.35 Yr.

Data below for BOI AXA Tax Advantage Fund as on 31 Aug 22

Equity Sector Allocation
SectorValue
Financial Services32.19%
Consumer Cyclical19.21%
Basic Materials10.48%
Consumer Defensive8.2%
Industrials7.53%
Health Care5.97%
Energy3.72%
Technology3.69%
Utility3.2%
Real Estate2.23%
Communication Services0.72%
Asset Allocation
Asset ClassValue
Cash2.86%
Equity97.14%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK
7%₹47 Cr529,340
State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN
6%₹36 Cr671,000
↑ 51,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK
5%₹32 Cr214,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE
4%₹24 Cr91,009
↓ -6,000
NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | 532555
3%₹21 Cr1,260,000
↑ 282,141
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 May 22 | M&M
3%₹19 Cr142,000
↑ 17,000
Varun Beverages Ltd (Consumer Defensive)
Equity, Since 28 Feb 22 | VBL
3%₹17 Cr168,692
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | KOTAKBANK
3%₹17 Cr87,607
Schaeffler India Ltd (Consumer Cyclical)
Equity, Since 31 Jan 22 | SCHAEFFLER
3%₹17 Cr55,000
↑ 4,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 22 | 532215
2%₹15 Cr204,000
↑ 41,972

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 (06 Oct 22) ₹99.437 ↑ 0.73   (0.74 %)
Net Assets (Cr) ₹3,851 on 31 Aug 22
Category Equity - ELSS
AMC IDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 1.95
Sharpe Ratio 0.4
Information Ratio 0.55
Alpha Ratio 2.67
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Sep 17₹10,000
30 Sep 18₹10,161
30 Sep 19₹10,044
30 Sep 20₹10,138
30 Sep 21₹17,831
30 Sep 22₹18,431

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 ₹415,684.
Net Profit of ₹115,684
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 6 Oct 22

DurationReturns
1 Month 0.4%
3 Month 11.5%
6 Month -0.9%
1 Year 3.6%
3 Year 24.5%
5 Year 12.9%
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 165.87 Yr.

Data below for IDFC Tax Advantage (ELSS) Fund as on 31 Aug 22

Equity Sector Allocation
SectorValue
Financial Services27.54%
Consumer Cyclical17.61%
Industrials12.1%
Basic Materials10.14%
Technology9.49%
Health Care7.23%
Energy3.77%
Consumer Defensive3.26%
Communication Services2.64%
Asset Allocation
Asset ClassValue
Cash6.23%
Equity93.77%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK
9%₹337 Cr3,800,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY
5%₹209 Cr1,400,000
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
5%₹186 Cr3,500,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK
4%₹156 Cr1,050,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE
4%₹145 Cr550,000
Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS
3%₹122 Cr2,600,000
↓ -100,000
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Jul 20 | M&M
3%₹118 Cr900,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL
3%₹102 Cr1,400,000
Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | 532215
3%₹101 Cr1,350,000
VRL Logistics Ltd (Industrials)
Equity, Since 30 Nov 15 | VRLLOG
2%₹92 Cr1,475,000

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 19.7% 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 (06 Oct 22) ₹116.29 ↑ 0.62   (0.54 %)
Net Assets (Cr) ₹4,197 on 31 Aug 22
Category Equity - ELSS
AMC Canara Robeco Asset Management Co. Ltd.
Rating
Risk Moderately High
Expense Ratio 2.11
Sharpe Ratio 0.02
Information Ratio 0.39
Alpha Ratio -3.3
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Sep 17₹10,000
30 Sep 18₹10,944
30 Sep 19₹11,822
30 Sep 20₹13,071
30 Sep 21₹20,814
30 Sep 22₹20,686

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 6 Oct 22

DurationReturns
1 Month -1.1%
3 Month 10.6%
6 Month 0.8%
1 Year 0.8%
3 Year 22.3%
5 Year 15.8%
10 Year
15 Year
Since launch 19.7%
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 211.18 Yr.
Shridatta Bhandwaldar1 Oct 192.92 Yr.

Data below for Canara Robeco Equity Tax Saver as on 31 Aug 22

Equity Sector Allocation
SectorValue
Financial Services30.83%
Consumer Cyclical17.28%
Technology9.3%
Industrials8.9%
Basic Materials8.42%
Health Care6.19%
Consumer Defensive5.5%
Energy4.39%
Communication Services2.19%
Real Estate1.73%
Utility1.44%
Asset Allocation
Asset ClassValue
Cash3.82%
Equity96.18%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK
8%₹349 Cr3,936,000
↑ 40,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 08 | HDFCBANK
7%₹278 Cr1,872,184
Infosys Ltd (Technology)
Equity, Since 31 Jul 18 | INFY
6%₹253 Cr1,691,310
↑ 20,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 19 | RELIANCE
4%₹184 Cr698,500
State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN
4%₹150 Cr2,830,000
↑ 190,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | 532215
3%₹143 Cr1,903,000
↑ 120,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 20 | TCS
2%₹104 Cr323,712
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Oct 21 | MARUTI
2%₹101 Cr111,500
↑ 2,500
ABB India Ltd (Industrials)
Equity, Since 31 Jan 21 | 500002
2%₹101 Cr310,000
↓ -27,500
Schaeffler India Ltd (Consumer Cyclical)
Equity, Since 28 Feb 22 | SCHAEFFLER
2%₹100 Cr330,381

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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