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Top 3 Best performing ELSS (Tax Saving) Mutual Funds for 2019 | Fincash.com

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Top 3 Best Tax Saving ELSS Mutual Funds for 2019

Updated on February 17, 2019 , 347 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 2019

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2018 (%)
Aditya Birla Sun Life Tax Relief '96 Growth ₹29.36
↓ -0.02
₹7,220-2.4-9.6-4.614.518.7-4.5
Tata India Tax Savings Fund Growth ₹16.4539
↓ -0.01
₹1,555-1-8.3-4.914.9 -8.4
L&T Tax Advantage Fund Growth ₹48.711
↓ -0.03
₹3,208-9-14.9-12.313.415.1-8.1
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Feb 19

1. Tata India Tax Savings Fund

To provide medium to long term capital gains along with income tax relief to its Unitholders, while at all times emphasising the importance of capital appreciation..

Tata India Tax Savings Fund is a Equity - ELSS fund was launched on 13 Oct 14. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 12.1% since its launch.  Ranked 1 in ELSS category.  Return for 2018 was -8.4% , 2017 was 46% and 2016 was 2.1% .

Below is the key information for Tata India Tax Savings Fund

Tata India Tax Savings Fund
Growth
Launch Date 13 Oct 14
NAV (19 Feb 19) ₹16.4539 ↓ -0.01   (-0.05 %)
Net Assets (Cr) ₹1,555 on 31 Dec 18
Category Equity - ELSS
AMC Tata Asset Management Limited
Rating
Risk Moderately High
Expense Ratio 2.61
Sharpe Ratio -0.59
Information Ratio -0.22
Alpha Ratio -14.9
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jan 15₹11,278
31 Jan 16₹11,212
31 Jan 17₹13,106
31 Jan 18₹17,593
31 Jan 19₹16,199

Tata 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 ₹436,710.
Net Profit of ₹136,710
Invest Now

Returns for Tata 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 19 Feb 19

DurationReturns
1 Month -2.9%
3 Month -1%
6 Month -8.3%
1 Year -4.9%
3 Year 14.9%
5 Year
10 Year
15 Year
Since launch 12.1%
Historical performance (Yearly) on absolute basis
YearReturns
2018 -8.4%
2017 46%
2016 2.1%
2015 13.3%
2014
2013
2012
2011
2010
2009
Fund Manager information for Tata India Tax Savings Fund
NameSinceTenure
Rupesh Patel1 Apr 153.59 Yr.
Ennette Fernandes18 Jun 180.37 Yr.

Data below for Tata India Tax Savings Fund as on 31 Dec 18

Equity Sector Allocation
SectorValue
Financial Services42.14%
Consumer Cyclical14.39%
Consumer Defensive11.23%
Industrials8.73%
Technology8.05%
Health Care4.59%
Energy3.9%
Basic Materials3.13%
Real Estate0.67%
Asset Allocation
Asset ClassValue
Cash3.23%
Equity96.82%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK
9%₹146 Cr4,015,000
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK
7%₹116 Cr560,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 532215
7%₹108 Cr1,500,000
↑ 140,000
State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN
6%₹91 Cr3,100,000
↑ 270,000
Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY
5%₹76 Cr1,020,000
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 15 | KOTAKBANK
4%₹62 Cr495,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE
4%₹61 Cr500,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC
4%₹60 Cr310,000
ITC Ltd (Consumer Defensive)
Equity, Since 30 Sep 16 | ITC
3%₹53 Cr1,900,000
↑ 570,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 18 | TCS
3%₹50 Cr250,000

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 17.2% since its launch.  Ranked 3 in ELSS category.  Return for 2018 was -9.4% , 2017 was 53.4% and 2016 was 0.4% .

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

IDFC Tax Advantage (ELSS) Fund
Growth
Launch Date 26 Dec 08
NAV (19 Feb 19) ₹49.9 ↑ 0.09   (0.18 %)
Net Assets (Cr) ₹1,732 on 31 Dec 18
Category Equity - ELSS
AMC IDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 2.74
Sharpe Ratio -0.81
Information Ratio -0.19
Alpha Ratio -10.92
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jan 14₹10,000
31 Jan 15₹16,194
31 Jan 16₹15,090
31 Jan 17₹17,321
31 Jan 18₹25,108
31 Jan 19₹21,629

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 ₹447,579.
Net Profit of ₹147,579
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 19 Feb 19

DurationReturns
1 Month -5.6%
3 Month -7%
6 Month -13.4%
1 Year -13.1%
3 Year 14.3%
5 Year 15.4%
10 Year
15 Year
Since launch 17.2%
Historical performance (Yearly) on absolute basis
YearReturns
2018 -9.4%
2017 53.4%
2016 0.4%
2015 6.9%
2014 42.2%
2013 15%
2012 36.2%
2011 -23.3%
2010 24%
2009 70.8%
Fund Manager information for IDFC Tax Advantage (ELSS) Fund
NameSinceTenure
Daylynn Pinto20 Oct 162.03 Yr.

Data below for IDFC Tax Advantage (ELSS) Fund as on 31 Dec 18

Equity Sector Allocation
SectorValue
Financial Services27.43%
Consumer Cyclical14.03%
Technology10.28%
Basic Materials9.58%
Industrials7.99%
Consumer Defensive6.41%
Health Care6.07%
Energy5.85%
Utility4.75%
Asset Allocation
Asset ClassValue
Cash6.48%
Equity92.99%
Other0.52%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Triparty Repo
CBLO/Reverse Repo | -
7%₹119 Cr
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK
6%₹106 Cr2,900,000
↑ 250,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY
4%₹73 Cr975,000
↑ 150,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK
4%₹73 Cr350,000
State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN
4%₹68 Cr2,300,000
↑ 400,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE
4%₹67 Cr550,000
Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 18 | 532215
4%₹61 Cr850,000
↑ 300,000
RBL Bank Ltd (Financial Services)
Equity, Since 31 Aug 16 | RBLBANK
3%₹45 Cr800,000
Future Retail Ltd (Consumer Cyclical)
Equity, Since 31 Aug 16 | FRETAIL
3%₹44 Cr1,020,000
↑ 10,000
Nestle India Ltd (Consumer Defensive)
Equity, Since 28 Feb 18 | NESTLEIND
2%₹34 Cr30,000
↓ -300

3. Aditya Birla Sun Life Tax Relief '96

An Open-ended equity linked savings scheme (ELSS) with the objective of long term growth of capital through a portfolio with a target allocation of 80% equity, 20% debt and money market securities

Aditya Birla Sun Life Tax Relief '96 is a Equity - ELSS fund was launched on 6 Mar 08. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 10.3% since its launch.  Ranked 4 in ELSS category.  Return for 2018 was -4.5% , 2017 was 43.2% and 2016 was 3.4% .

Below is the key information for Aditya Birla Sun Life Tax Relief '96

Aditya Birla Sun Life Tax Relief '96
Growth
Launch Date 6 Mar 08
NAV (19 Feb 19) ₹29.36 ↓ -0.02   (-0.07 %)
Net Assets (Cr) ₹7,220 on 31 Dec 18
Category Equity - ELSS
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk Moderately High
Expense Ratio 2.42
Sharpe Ratio -0.44
Information Ratio -0.1
Alpha Ratio -5.66
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jan 14₹10,000
31 Jan 15₹17,569
31 Jan 16₹16,710
31 Jan 17₹19,060
31 Jan 18₹25,908
31 Jan 19₹24,489

Aditya Birla Sun Life Tax Relief '96 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 Aditya Birla Sun Life Tax Relief '96

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Feb 19

DurationReturns
1 Month -3.7%
3 Month -2.4%
6 Month -9.6%
1 Year -4.6%
3 Year 14.5%
5 Year 18.7%
10 Year
15 Year
Since launch 10.3%
Historical performance (Yearly) on absolute basis
YearReturns
2018 -4.5%
2017 43.2%
2016 3.4%
2015 9.2%
2014 54.6%
2013 9.1%
2012 36.6%
2011 -29.6%
2010 13.5%
2009 102.8%
Fund Manager information for Aditya Birla Sun Life Tax Relief '96
NameSinceTenure
Ajay Garg1 Oct 0612.09 Yr.

Data below for Aditya Birla Sun Life Tax Relief '96 as on 31 Dec 18

Equity Sector Allocation
SectorValue
Consumer Cyclical19.6%
Financial Services19.45%
Health Care13.39%
Industrials11.74%
Basic Materials10.92%
Consumer Defensive9.03%
Energy7.77%
Technology5.09%
Asset Allocation
Asset ClassValue
Cash3.01%
Equity96.99%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 08 | RELIANCE
8%₹573 Cr4,667,136
↑ 15,806
Honeywell Automation India Ltd (Industrials)
Equity, Since 30 Jun 08 | 517174
7%₹539 Cr252,064
↑ 4,226
Gillette India Ltd (Consumer Defensive)
Equity, Since 30 Jun 14 | GILLETTE
7%₹502 Cr772,364
↑ 18,954
Bayer CropScience Ltd (Basic Materials)
Equity, Since 31 Aug 11 | 506285
6%₹459 Cr1,048,194
↑ 26,307
Pfizer Ltd (Healthcare)
Equity, Since 30 Apr 11 | PFIZER
6%₹427 Cr1,404,391
↑ 35,541
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFC
5%₹374 Cr1,945,206
↑ 268,813
GlaxoSmithKline Pharmaceuticals Ltd (Healthcare)
Equity, Since 31 Mar 10 | 500660
5%₹352 Cr2,497,874
↑ 41,235
Thomas Cook India Ltd (Consumer Cyclical)
Equity, Since 31 Aug 15 | THOMASCOOK
5%₹340 Cr15,266,527
↑ 325,315
Clearing Corporation Of India Limited
CBLO | -
4%₹266 Cr
Sundaram Clayton Ltd (Consumer Cyclical)
Equity, Since 31 Mar 12 | 520056
4%₹262 Cr880,942
↑ 2,720

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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