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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 September 22, 2021 , 2715 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 (%)
DSP BlackRock Tax Saver Fund Growth ₹82.271
↑ 0.01
₹9,67512.428.37922.616.415
IDFC Tax Advantage (ELSS) Fund Growth ₹94.89
↓ -0.02
₹3,33911.828.7852017.418.7
Invesco India Tax Plan Growth ₹83.76
↑ 0.15
₹1,84213.325.763.419.216.319.2
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Sep 21

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 20.4% since its launch.  Ranked 13 in ELSS category.  Return for 2020 was 31.2% , 2019 was 14.6% and 2018 was -16.3% .

Below is the key information for BOI AXA Tax Advantage Fund

BOI AXA Tax Advantage Fund
Growth
Launch Date 25 Feb 09
NAV (24 Sep 21) ₹102.79 ↓ -0.26   (-0.25 %)
Net Assets (Cr) ₹512 on 31 Aug 21
Category Equity - ELSS
AMC BOI AXA Investment Mngrs Private Ltd
Rating
Risk Moderately High
Expense Ratio 2.56
Sharpe Ratio 4.47
Information Ratio 0.69
Alpha Ratio 22.44
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Aug 16₹10,000
31 Aug 17₹12,118
31 Aug 18₹13,858
31 Aug 19₹11,934
31 Aug 20₹14,357
31 Aug 21₹24,318

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 ₹505,644.
Net Profit of ₹205,644
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 24 Sep 21

DurationReturns
1 Month 7.9%
3 Month 16.5%
6 Month 32.9%
1 Year 77.2%
3 Year 27.2%
5 Year 20%
10 Year
15 Year
Since launch 20.4%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2011 -24.1%
Fund Manager information for BOI AXA Tax Advantage Fund
NameSinceTenure
Aakash Manghani15 Jul 192.05 Yr.

Data below for BOI AXA Tax Advantage Fund as on 31 Aug 21

Equity Sector Allocation
SectorValue
Financial Services23.77%
Basic Materials21.46%
Technology16.22%
Health Care14.72%
Consumer Cyclical9.84%
Consumer Defensive3.49%
Communication Services3.41%
Industrials3.22%
Energy1.75%
Utility1.49%
Asset Allocation
Asset ClassValue
Cash0.63%
Equity99.37%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK
5%₹25 Cr361,176
↑ 30,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK
4%₹21 Cr145,982
↓ -18,168
Infosys Ltd (Technology)
Equity, Since 30 Jun 20 | INFY
4%₹19 Cr118,505
Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 18 | DIVISLAB
4%₹19 Cr38,259
Laurus Labs Ltd (Healthcare)
Equity, Since 30 Jun 20 | 540222
3%₹15 Cr236,350
↓ -30,000
PI Industries Ltd (Basic Materials)
Equity, Since 30 Nov 18 | PIIND
3%₹15 Cr51,325
Coforge Ltd Shs Dematerialised (Technology)
Equity, Since 31 Jul 20 | 532541
3%₹15 Cr28,640
↑ 1,000
Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 18 | 500034
3%₹14 Cr22,229
↑ 2,780
Navin Fluorine International Ltd (Basic Materials)
Equity, Since 31 Jul 19 | 532504
2%₹12 Cr31,892
↓ -1,100
Deepak Nitrite Ltd (Basic Materials)
Equity, Since 31 Aug 20 | 506401
2%₹11 Cr54,523
↑ 2,200

2. 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 21.5% 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 (24 Sep 21) ₹116.85 ↓ -0.42   (-0.36 %)
Net Assets (Cr) ₹2,680 on 31 Aug 21
Category Equity - ELSS
AMC Canara Robeco Asset Management Co. Ltd.
Rating
Risk Moderately High
Expense Ratio 2.26
Sharpe Ratio 4.02
Information Ratio 0.76
Alpha Ratio 18.29
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Aug 16₹10,000
31 Aug 17₹11,443
31 Aug 18₹13,658
31 Aug 19₹12,673
31 Aug 20₹14,228
31 Aug 21₹23,269

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 ₹481,656.
Net Profit of ₹181,656
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 24 Sep 21

DurationReturns
1 Month 6.4%
3 Month 13%
6 Month 25.8%
1 Year 69.1%
3 Year 24%
5 Year 18.8%
10 Year
15 Year
Since launch 21.5%
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
Vishal Mishra26 Jun 210.1 Yr.
Shridatta Bhandwaldar1 Oct 191.83 Yr.

Data below for Canara Robeco Equity Tax Saver as on 31 Aug 21

Equity Sector Allocation
SectorValue
Financial Services31.49%
Technology16.23%
Consumer Cyclical12.85%
Industrials12.49%
Basic Materials8.61%
Health Care5.98%
Consumer Defensive4.32%
Communication Services2.24%
Utility1.98%
Energy1.74%
Asset Allocation
Asset ClassValue
Cash2.07%
Equity97.93%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Infosys Ltd (Technology)
Equity, Since 31 Jul 18 | INFY
9%₹222 Cr1,376,310
↓ -30,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 08 | HDFCBANK
8%₹189 Cr1,322,184
↑ 80,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK
7%₹171 Cr2,506,000
Larsen & Toubro Ltd Shs Dematerialised (Industrials)
Equity, Since 31 Dec 20 | LT
4%₹109 Cr680,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 20 | TCS
4%₹91 Cr288,815
Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 19 | 500034
3%₹82 Cr132,450
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Nov 20 | HDFC
3%₹73 Cr297,500
State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN
3%₹69 Cr1,600,000
↑ 100,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | 532215
3%₹66 Cr928,000
Divi's Laboratories Ltd (Healthcare)
Equity, Since 31 Dec 18 | DIVISLAB
2%₹50 Cr101,500
↑ 7,500

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 22% 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 (24 Sep 21) ₹31.372 ↓ -0.07   (-0.23 %)
Net Assets (Cr) ₹9,401 on 31 Aug 21
Category Equity - ELSS
AMC Mirae Asset Global Inv (India) Pvt. Ltd
Rating Not Rated
Risk Moderately High
Expense Ratio 1.4
Sharpe Ratio 3.45
Information Ratio 1.57
Alpha Ratio 9.53
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Aug 16₹10,000
31 Aug 17₹12,804
31 Aug 18₹14,835
31 Aug 19₹14,396
31 Aug 20₹15,873
31 Aug 21₹25,519

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 24 Sep 21

DurationReturns
1 Month 7%
3 Month 11.9%
6 Month 25.2%
1 Year 73.1%
3 Year 23.8%
5 Year 20.9%
10 Year
15 Year
Since launch 22%
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 155.59 Yr.

Data below for Mirae Asset Tax Saver Fund as on 31 Aug 21

Equity Sector Allocation
SectorValue
Financial Services38.92%
Technology12.1%
Basic Materials11.65%
Consumer Cyclical8.15%
Industrials6.79%
Health Care6.57%
Consumer Defensive3.98%
Communication Services3.8%
Utility1.87%
Energy1.47%
Asset Allocation
Asset ClassValue
Cash0.98%
Equity99.02%
Other0%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK
8%₹703 Cr4,929,722
↑ 245,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK
7%₹637 Cr9,338,912
Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY
7%₹575 Cr3,571,693
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 532215
4%₹389 Cr5,486,266
↑ 175,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Dec 15 | TCS
4%₹340 Cr1,074,826
↑ 135,000
Reliance Industries Limited
Equity, Since 30 Jun 21 | -
4%₹326 Cr2,308,304
↑ 275,000
State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN
4%₹310 Cr7,183,799
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 20 | BHARTIARTL
3%₹265 Cr4,716,889
↑ 398,889
Tata Steel Ltd (Basic Materials)
Equity, Since 31 Dec 15 | TATASTEEL
3%₹222 Cr1,550,846
↓ -170,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 17 | HDFC
3%₹220 Cr901,263
↑ 40,000

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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