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Top 3 Best performing ELSS (Tax Saving) Mutual Funds for 2021 | Fincash.com

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Top 3 Best Tax Saving ELSS Mutual Funds for 2021

Updated on January 15, 2021 , 1950 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 2021

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2020 (%)
Invesco India Tax Plan Growth ₹65.64
↓ -0.72
₹1,28021.934.220.49.114.719.2
DSP BlackRock Tax Saver Fund Growth ₹62.398
↓ -0.70
₹7,01528.236.718.68.115.415
Tata India Tax Savings Fund Growth ₹22.3996
↓ -0.25
₹2,34223.836.614.6614.211.9
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 15 Jan 21

1. 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 20.3% since its launch.  Ranked 36 in ELSS category.  Return for 2020 was 27.4% , 2019 was 10.7% and 2018 was 2.7% .

Below is the key information for Canara Robeco Equity Tax Saver

Canara Robeco Equity Tax Saver
Growth
Launch Date 2 Feb 09
NAV (15 Jan 21) ₹90.59 ↓ -1.32   (-1.44 %)
Net Assets (Cr) ₹1,333 on 30 Nov 20
Category Equity - ELSS
AMC Canara Robeco Asset Management Co. Ltd.
Rating
Risk Moderately High
Expense Ratio 2.32
Sharpe Ratio 0.6
Information Ratio 0.49
Alpha Ratio 9.5
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Dec 15₹10,000
31 Dec 16₹9,996
31 Dec 17₹13,191
31 Dec 18₹13,544
31 Dec 19₹14,999
31 Dec 20₹19,102

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 ₹458,689.
Net Profit of ₹158,689
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 15 Jan 21

DurationReturns
1 Month 8.2%
3 Month 22.4%
6 Month 39.8%
1 Year 30.2%
3 Year 14.2%
5 Year 16.3%
10 Year
15 Year
Since launch 20.3%
Historical performance (Yearly) on absolute basis
YearReturns
2020 27.4%
2019 10.7%
2018 2.7%
2017 32%
2016 0%
2015 0.6%
2014 45.2%
2013 5.3%
2012 30%
2011 -16.3%
Fund Manager information for Canara Robeco Equity Tax Saver
NameSinceTenure
Shridatta Bhandwaldar1 Oct 191.25 Yr.
Cheenu Gupta12 Mar 182.81 Yr.

Data below for Canara Robeco Equity Tax Saver as on 30 Nov 20

Equity Sector Allocation
SectorValue
Financial Services32.65%
Technology21.24%
Basic Materials10.6%
Consumer Cyclical10.18%
Industrials9.54%
Health Care5.24%
Energy2.95%
Communication Services2.79%
Consumer Defensive1.99%
Asset Allocation
Asset ClassValue
Cash2.82%
Equity97.18%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Infosys Ltd (Technology)
Equity, Since 31 Jul 18 | INFY
9%₹135 Cr1,074,500
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK
9%₹127 Cr2,381,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 08 | HDFCBANK
7%₹99 Cr692,184
Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 19 | 500034
4%₹60 Cr112,450
↓ -6,700
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 20 | LT
3%₹48 Cr375,000
↑ 375,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 19 | RELIANCE
3%₹44 Cr219,500
↓ -25,000
State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN
3%₹43 Cr1,550,000
↑ 200,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Nov 20 | HDFC
3%₹42 Cr165,000
↑ 65,000
Asian Paints Ltd (Basic Materials)
Equity, Since 30 Sep 20 | 500820
3%₹37 Cr135,200
↓ -74,800
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 20 | TCS
3%₹37 Cr130,000
↓ -50,000

2. Axis Long Term Equity Fund

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 CAGR/Annualized return of 17.6% since its launch.  Ranked 20 in ELSS category.  Return for 2020 was 20.5% , 2019 was 14.8% and 2018 was 2.7% .

Below is the key information for Axis Long Term Equity Fund

Axis Long Term Equity Fund
Growth
Launch Date 29 Dec 09
NAV (15 Jan 21) ₹59.8042 ↓ -0.82   (-1.36 %)
Net Assets (Cr) ₹25,618 on 30 Nov 20
Category Equity - ELSS
AMC Axis Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 1.72
Sharpe Ratio 0.43
Information Ratio 0.47
Alpha Ratio 3.64
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Dec 15₹10,000
31 Dec 16₹9,931
31 Dec 17₹13,649
31 Dec 18₹14,013
31 Dec 19₹16,092
31 Dec 20₹19,393

Axis 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 ₹447,579.
Net Profit of ₹147,579
Invest Now

Returns for Axis 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 15 Jan 21

DurationReturns
1 Month 4%
3 Month 27.4%
6 Month 37%
1 Year 19.7%
3 Year 12%
5 Year 15.6%
10 Year
15 Year
Since launch 17.6%
Historical performance (Yearly) on absolute basis
YearReturns
2020 20.5%
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%
Fund Manager information for Axis Long Term Equity Fund
NameSinceTenure
Jinesh Gopani1 Apr 119.76 Yr.

Data below for Axis Long Term Equity Fund as on 30 Nov 20

Equity Sector Allocation
SectorValue
Financial Services35.73%
Consumer Cyclical13.21%
Consumer Defensive12.18%
Technology11.07%
Health Care8.6%
Basic Materials7.46%
Communication Services6.4%
Utility3.04%
Industrials1.33%
Asset Allocation
Asset ClassValue
Cash0.97%
Equity99.03%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | 500034
9%₹2,524 Cr4,767,001
↓ -300,544
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK
7%₹2,020 Cr14,064,035
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 17 | TCS
7%₹1,944 Cr6,791,985
↑ 111,000
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 11 | KOTAKBANK
7%₹1,830 Cr9,169,478
Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 30 Apr 17 | 540376
7%₹1,819 Cr6,581,351
↑ 809,914
Info Edge (India) Ltd (Communication Services)
Equity, Since 31 May 14 | NAUKRI
6%₹1,739 Cr3,654,111
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFC
6%₹1,565 Cr6,118,288
↑ 150,000
Nestle India Ltd (Consumer Defensive)
Equity, Since 31 Aug 14 | NESTLEIND
5%₹1,493 Cr811,600
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Nov 10 | MARUTI
5%₹1,408 Cr1,840,742
↓ -70,000
Pidilite Industries Ltd (Basic Materials)
Equity, Since 30 Nov 14 | PIDILITIND
4%₹1,200 Cr6,796,272
↓ -290,000

3. 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 19.1% since its launch.  Return for 2020 was 21.5% , 2019 was 14.1% and 2018 was -2.3% .

Below is the key information for Mirae Asset Tax Saver Fund

Mirae Asset Tax Saver Fund
Growth
Launch Date 28 Dec 15
NAV (15 Jan 21) ₹24.179 ↓ -0.22   (-0.92 %)
Net Assets (Cr) ₹5,044 on 30 Nov 20
Category Equity - ELSS
AMC Mirae Asset Global Inv (India) Pvt. Ltd
Rating Not Rated
Risk Moderately High
Expense Ratio 1.63
Sharpe Ratio 0.44
Information Ratio 0.69
Alpha Ratio 5.12
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Dec 15₹10,000
31 Dec 16₹11,480
31 Dec 17₹16,977
31 Dec 18₹16,591
31 Dec 19₹18,925
31 Dec 20₹23,001

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 ₹505,644.
Net Profit of ₹205,644
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 15 Jan 21

DurationReturns
1 Month 7.4%
3 Month 25.8%
6 Month 40.9%
1 Year 23.9%
3 Year 11.4%
5 Year 20.4%
10 Year
15 Year
Since launch 19.1%
Historical performance (Yearly) on absolute basis
YearReturns
2020 21.5%
2019 14.1%
2018 -2.3%
2017 47.9%
2016 14.8%
2015
2014
2013
2012
2011
Fund Manager information for Mirae Asset Tax Saver Fund
NameSinceTenure
Neelesh Surana28 Dec 155.01 Yr.

Data below for Mirae Asset Tax Saver Fund as on 30 Nov 20

Equity Sector Allocation
SectorValue
Financial Services38.7%
Technology11.23%
Consumer Defensive8.57%
Basic Materials8.04%
Health Care7.52%
Consumer Cyclical6.43%
Industrials5.42%
Energy4.68%
Communication Services3.5%
Utility1.66%
Asset Allocation
Asset ClassValue
Cash0.97%
Equity99.02%
Other0.01%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK
10%₹533 Cr3,710,722
↑ 80,000
Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY
7%₹390 Cr3,106,693
↓ -10,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK
7%₹381 Cr7,123,912
↑ 187,500
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 532215
5%₹258 Cr4,166,266
↑ 445,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Dec 15 | TCS
4%₹220 Cr768,179
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 20 | BHARTIARTL
3%₹191 Cr3,748,000
Reliance Industries Limited
Equity, Since 30 Jun 20 | -
3%₹180 Cr1,610,338
Dr Reddy's Laboratories Ltd (Healthcare)
Equity, Since 28 Feb 19 | 500124
3%₹155 Cr298,090
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 17 | HDFC
3%₹155 Cr606,263
Max Financial Services Ltd (Financial Services)
Equity, Since 31 Mar 18 | 500271
3%₹145 Cr2,151,203

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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