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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 April 15, 2019 , 576 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 ₹32
↑ 0.13
₹7,56158.70.814.118.4-4.5
Tata India Tax Savings Fund Growth ₹18.1008
↑ 0.13
₹1,5986.814214.3 -8.4
L&T Tax Advantage Fund Growth ₹53.915
↑ 0.39
₹3,0743.73.1-4.513.714.9-8.1
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 18 Apr 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 14.1% 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 (18 Apr 19) ₹18.1008 ↑ 0.13   (0.73 %)
Net Assets (Cr) ₹1,598 on 28 Feb 19
Category Equity - ELSS
AMC Tata Asset Management Limited
Rating
Risk Moderately High
Expense Ratio 2.61
Sharpe Ratio -0.38
Information Ratio -0.08
Alpha Ratio -10.52
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Mar 15₹11,474
31 Mar 16₹11,262
31 Mar 17₹14,225
31 Mar 18₹16,229
31 Mar 19₹17,523

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 18 Apr 19

DurationReturns
1 Month 1.4%
3 Month 6.8%
6 Month 14%
1 Year 2%
3 Year 14.3%
5 Year
10 Year
15 Year
Since launch 14.1%
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 153.84 Yr.
Ennette Fernandes18 Jun 180.62 Yr.

Data below for Tata India Tax Savings Fund as on 28 Feb 19

Equity Sector Allocation
SectorValue
Financial Services41.11%
Consumer Cyclical11.27%
Consumer Defensive9.94%
Technology9.89%
Industrials9.88%
Health Care4.86%
Energy3.85%
Basic Materials2.98%
Real Estate0.71%
Asset Allocation
Asset ClassValue
Cash5.5%
Equity94.5%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK
9%₹161 Cr4,015,000
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK
7%₹130 Cr560,000
Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY
7%₹125 Cr1,680,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 532215
7%₹117 Cr1,500,000
State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN
6%₹99 Cr3,100,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE
4%₹68 Cr500,000
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 15 | KOTAKBANK
4%₹66 Cr495,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC
3%₹61 Cr310,000
ITC Ltd (Consumer Defensive)
Equity, Since 30 Sep 16 | ITC
3%₹56 Cr1,900,000
Havells India Ltd (Industrials)
Equity, Since 31 Aug 17 | 517354
3%₹51 Cr656,000

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 18.3% 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 (18 Apr 19) ₹56.59 ↑ 0.40   (0.71 %)
Net Assets (Cr) ₹1,741 on 28 Feb 19
Category Equity - ELSS
AMC IDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 2.74
Sharpe Ratio -0.96
Information Ratio -0.07
Alpha Ratio -12.71
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Mar 14₹10,000
31 Mar 15₹15,445
31 Mar 16₹13,889
31 Mar 17₹17,705
31 Mar 18₹21,674
31 Mar 19₹21,875

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 ₹458,689.
Net Profit of ₹158,689
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 18 Apr 19

DurationReturns
1 Month 1.5%
3 Month 7.1%
6 Month 9%
1 Year -4.7%
3 Year 15.2%
5 Year 16.7%
10 Year
15 Year
Since launch 18.3%
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 162.28 Yr.

Data below for IDFC Tax Advantage (ELSS) Fund as on 28 Feb 19

Equity Sector Allocation
SectorValue
Financial Services27.53%
Consumer Cyclical15.25%
Basic Materials11.55%
Industrials10.1%
Technology8.39%
Health Care6.34%
Energy6.05%
Consumer Defensive3.51%
Utility3.4%
Asset Allocation
Asset ClassValue
Cash6.87%
Equity92.72%
Other0.4%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Triparty Repo
CBLO/Reverse Repo | -
6%₹126 Cr
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK
6%₹124 Cr3,100,000
↑ 100,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK
4%₹81 Cr350,000
State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN
4%₹80 Cr2,500,000
↑ 100,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE
4%₹75 Cr550,000
Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 18 | 532215
4%₹72 Cr925,000
↑ 25,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY
3%₹67 Cr900,000
↓ -50,000
RBL Bank Ltd (Financial Services)
Equity, Since 31 Aug 16 | RBLBANK
3%₹54 Cr800,000
Future Retail Ltd (Consumer Cyclical)
Equity, Since 31 Aug 16 | FRETAIL
3%₹52 Cr1,140,000
↑ 98,246
Nestle India Ltd (Consumer Defensive)
Equity, Since 28 Feb 18 | NESTLEIND
2%₹37 Cr34,000
↑ 4,000

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 11% 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 (18 Apr 19) ₹32 ↑ 0.13   (0.41 %)
Net Assets (Cr) ₹7,561 on 28 Feb 19
Category Equity - ELSS
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk Moderately High
Expense Ratio 2.42
Sharpe Ratio -0.37
Information Ratio -0.14
Alpha Ratio -4.04
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Mar 14₹10,000
31 Mar 15₹15,861
31 Mar 16₹15,299
31 Mar 17₹18,847
31 Mar 18₹22,270
31 Mar 19₹23,197

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 18 Apr 19

DurationReturns
1 Month 2.4%
3 Month 5%
6 Month 8.7%
1 Year 0.8%
3 Year 14.1%
5 Year 18.4%
10 Year
15 Year
Since launch 11%
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 0612.34 Yr.

Data below for Aditya Birla Sun Life Tax Relief '96 as on 28 Feb 19

Equity Sector Allocation
SectorValue
Financial Services20.58%
Consumer Cyclical18.63%
Industrials11.94%
Health Care11.85%
Basic Materials11.23%
Consumer Defensive8.21%
Energy7.94%
Technology5.19%
Asset Allocation
Asset ClassValue
Cash4.44%
Equity95.56%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 08 | RELIANCE
8%₹683 Cr5,009,808
↑ 214,700
Honeywell Automation India Ltd (Industrials)
Equity, Since 30 Jun 08 | 517174
7%₹579 Cr259,466
↑ 4,320
Gillette India Ltd (Consumer Defensive)
Equity, Since 30 Jun 14 | GILLETTE
6%₹535 Cr811,784
↑ 22,824
Bayer CropScience Ltd (Basic Materials)
Equity, Since 31 Aug 11 | 506285
6%₹489 Cr1,111,674
↑ 38,370
Pfizer Ltd (Healthcare)
Equity, Since 30 Apr 11 | PFIZER
6%₹479 Cr1,440,360
↑ 22,770
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFC
5%₹468 Cr2,375,753
↑ 209,750
Thomas Cook India Ltd (Consumer Cyclical)
Equity, Since 31 Aug 15 | THOMASCOOK
5%₹412 Cr16,040,169
↑ 507,600
Clearing Corporation Of India Limited
CBLO | -
5%₹407 Cr
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Jun 08 | LT
4%₹346 Cr2,499,016
↑ 502,630
GlaxoSmithKline Pharmaceuticals Ltd (Healthcare)
Equity, Since 31 Mar 10 | 500660
4%₹339 Cr2,612,525
↑ 68,400

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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