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Top 3 Best Tax Saving ELSS Mutual Funds for 2021
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
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 Below is the key information for Mirae Asset Tax Saver Fund Returns up to 1 year are on (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 Below is the key information for Canara Robeco Equity Tax Saver Returns up to 1 year are on The investment objective of the scheme is to generate longterm capital appreciation from a diversified portfolio of equity and equity related securities and enable investors to avail the income tax rebate, as permitted from time to time. Kotak Tax Saver Fund is a Equity - ELSS fund was launched on 23 Nov 05. It is a fund with Moderately High risk and has given a Below is the key information for Kotak Tax Saver Fund Returns up to 1 year are on Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2020 (%) DSP BlackRock Tax Saver Fund Growth ₹64.861
↑ 0.82 ₹7,883 2.9 31 65.3 11.9 15.2 15 Invesco India Tax Plan Growth ₹66.4
↑ 0.68 ₹1,461 0 21.2 55.6 10.5 14.1 19.2 Tata India Tax Savings Fund Growth ₹22.7569
↑ 0.35 ₹2,636 0.6 23.2 57.9 8.9 13.6 11.9 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 13 Apr 21 1. Mirae Asset Tax Saver Fund
CAGR/Annualized return of 19% since its launch. Return for 2020 was 21.5% , 2019 was 14.1% and 2018 was -2.3% . Mirae Asset Tax Saver Fund
Growth Launch Date 28 Dec 15 NAV (13 Apr 21) ₹25.08 ↑ 0.35 (1.43 %) Net Assets (Cr) ₹6,351 on 28 Feb 21 Category Equity - ELSS AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating Risk Moderately High Expense Ratio 1.63 Sharpe Ratio 1.02 Information Ratio 1.12 Alpha Ratio 5.26 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 16 ₹10,000 31 Mar 17 ₹13,829 31 Mar 18 ₹16,061 31 Mar 19 ₹18,098 31 Mar 20 ₹14,060 31 Mar 21 ₹26,154 Returns for Mirae Asset Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 13 Apr 21 Duration Returns 1 Month -3.5% 3 Month 3.2% 6 Month 27.8% 1 Year 73.7% 3 Year 15.5% 5 Year 20.4% 10 Year 15 Year Since launch 19% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Neelesh Surana 28 Dec 15 5.26 Yr. Data below for Mirae Asset Tax Saver Fund as on 28 Feb 21
Equity Sector Allocation
Sector Value Financial Services 38.67% Technology 11.42% Basic Materials 10.1% Consumer Cyclical 7.4% Health Care 7.18% Consumer Defensive 6.23% Industrials 6.18% Energy 4.42% Communication Services 3.26% Utility 1.84% Asset Allocation
Asset Class Value Cash 0.32% Equity 99.68% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK9% ₹593 Cr 3,864,722 Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY7% ₹448 Cr 3,571,693
↑ 365,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK7% ₹445 Cr 7,443,912
↑ 140,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 5322155% ₹296 Cr 4,086,266
↓ -80,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Dec 15 | TCS4% ₹273 Cr 944,826
↑ 155,000 State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN3% ₹197 Cr 5,053,799 Reliance Industries Limited
Equity, Since 30 Jun 20 | -3% ₹190 Cr 1,568,304
↓ -42,034 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 20 | BHARTIARTL3% ₹184 Cr 3,313,000
↓ -265,000 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Dec 15 | MARUTI3% ₹161 Cr 235,091
↑ 65,999 JK Cement Ltd (Basic Materials)
Equity, Since 30 Jun 19 | JKCEMENT2% ₹157 Cr 584,199 2. Canara Robeco Equity Tax Saver
CAGR/Annualized return of 20% since its launch. Ranked 36 in ELSS category. Return for 2020 was 27.4% , 2019 was 10.7% and 2018 was 2.7% . Canara Robeco Equity Tax Saver
Growth Launch Date 2 Feb 09 NAV (13 Apr 21) ₹92.42 ↑ 0.83 (0.91 %) Net Assets (Cr) ₹1,725 on 28 Feb 21 Category Equity - ELSS AMC Canara Robeco Asset Management Co. Ltd. Rating ☆ Risk Moderately High Expense Ratio 2.32 Sharpe Ratio 0.99 Information Ratio 0.7 Alpha Ratio 3.71 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 16 ₹10,000 31 Mar 17 ₹11,850 31 Mar 18 ₹13,400 31 Mar 19 ₹15,236 31 Mar 20 ₹12,618 31 Mar 21 ₹21,905 Returns for Canara Robeco Equity Tax Saver
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 13 Apr 21 Duration Returns 1 Month -4.3% 3 Month 0.5% 6 Month 22.7% 1 Year 60.3% 3 Year 15.4% 5 Year 16% 10 Year 15 Year Since launch 20% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Shridatta Bhandwaldar 1 Oct 19 1.5 Yr. Cheenu Gupta 12 Mar 18 3.06 Yr. Data below for Canara Robeco Equity Tax Saver as on 28 Feb 21
Equity Sector Allocation
Sector Value Financial Services 31.77% Technology 18.31% Industrials 12.9% Consumer Cyclical 12.12% Basic Materials 10.76% Health Care 4.18% Consumer Defensive 3.44% Communication Services 2.84% Utility 1.02% Energy 0.41% Asset Allocation
Asset Class Value Cash 2.24% Equity 97.76% Top Securities Holdings / Portfolio
Name Holding Value Quantity Infosys Ltd (Technology)
Equity, Since 31 Jul 18 | INFY8% ₹163 Cr 1,191,310
↑ 116,810 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK7% ₹146 Cr 2,506,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 08 | HDFCBANK6% ₹115 Cr 767,184
↑ 75,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN6% ₹108 Cr 2,975,000 Larsen & Toubro Ltd Shs Dematerialised (Industrials)
Equity, Since 31 Dec 20 | LT5% ₹96 Cr 680,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 19 | 5000343% ₹68 Cr 132,450
↑ 7,500 Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | 5322153% ₹65 Cr 928,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 20 | TCS3% ₹61 Cr 192,815
↑ 70,000 Divi's Laboratories Ltd (Healthcare)
Equity, Since 31 Dec 18 | DIVISLAB2% ₹43 Cr 119,000
↑ 13,500 Voltas Ltd Shs Dematerialised (Industrials)
Equity, Since 31 Jul 20 | VOLTAS2% ₹42 Cr 420,000 3. Kotak Tax Saver Fund
CAGR/Annualized return of 12.2% since its launch. Ranked 19 in ELSS category. Return for 2020 was 14.9% , 2019 was 12.7% and 2018 was -3.8% . Kotak Tax Saver Fund
Growth Launch Date 23 Nov 05 NAV (13 Apr 21) ₹58.438 ↑ 0.48 (0.82 %) Net Assets (Cr) ₹1,679 on 28 Feb 21 Category Equity - ELSS AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.34 Sharpe Ratio 0.77 Information Ratio 0.32 Alpha Ratio -3.9 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 16 ₹10,000 31 Mar 17 ₹12,978 31 Mar 18 ₹13,789 31 Mar 19 ₹15,193 31 Mar 20 ₹11,938 31 Mar 21 ₹20,457 Returns for Kotak Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 13 Apr 21 Duration Returns 1 Month -2.3% 3 Month 3.9% 6 Month 25.7% 1 Year 62.2% 3 Year 12.6% 5 Year 14.7% 10 Year 15 Year Since launch 12.2% Historical performance (Yearly) on absolute basis
Year Returns 2020 14.9% 2019 12.7% 2018 -3.8% 2017 33.8% 2016 7.5% 2015 1.5% 2014 56.6% 2013 -6.3% 2012 36.2% 2011 -26% Fund Manager information for Kotak Tax Saver Fund
Name Since Tenure Harsha Upadhyaya 25 Aug 15 5.6 Yr. Data below for Kotak Tax Saver Fund as on 28 Feb 21
Equity Sector Allocation
Sector Value Financial Services 24.97% Basic Materials 18.07% Industrials 17.52% Technology 11.81% Consumer Cyclical 7.89% Health Care 6.53% Energy 3.73% Utility 3.47% Communication Services 2.98% Consumer Defensive 1.59% Asset Allocation
Asset Class Value Cash 1.44% Equity 98.55% Other 0.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK8% ₹140 Cr 2,350,000
↑ 850,000 Infosys Ltd (Technology)
Equity, Since 31 Dec 05 | INFY6% ₹100 Cr 800,000
↓ -25,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 18 | TCS4% ₹65 Cr 225,000
↓ -46,027 Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 30 Jun 06 | RELIANCE4% ₹63 Cr 300,000
↓ -100,000 State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN4% ₹60 Cr 1,550,000
↑ 1,550,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK3% ₹58 Cr 380,000 SRF Ltd (Basic Materials)
Equity, Since 30 Apr 16 | SRF3% ₹54 Cr 100,000
↓ -5,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | 5322153% ₹53 Cr 725,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 28 Feb 21 | BHARTIARTL3% ₹50 Cr 900,000
↑ 900,000 Larsen & Toubro Ltd Shs Dematerialised (Industrials)
Equity, Since 28 Feb 14 | LT3% ₹47 Cr 325,000
↑ 25,000
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