+91-22-62820123
Table of Contents
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.
Talk to our investment specialist
Top 3 ELSS Funds To Invest In 2021
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 Below is the key information for BOI AXA Tax Advantage 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 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 Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2020 (%) DSP BlackRock Tax Saver Fund Growth ₹82.271
↑ 0.01 ₹9,675 12.4 28.3 79 22.6 16.4 15 IDFC Tax Advantage (ELSS) Fund Growth ₹94.89
↓ -0.02 ₹3,339 11.8 28.7 85 20 17.4 18.7 Invesco India Tax Plan Growth ₹83.76
↑ 0.15 ₹1,842 13.3 25.7 63.4 19.2 16.3 19.2 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
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% . 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.
Date Value 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 Returns for BOI AXA Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Sep 21 Duration Returns 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
Year Returns 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
Name Since Tenure Aakash Manghani 15 Jul 19 2.05 Yr. Data below for BOI AXA Tax Advantage Fund as on 31 Aug 21
Equity Sector Allocation
Sector Value Financial Services 23.77% Basic Materials 21.46% Technology 16.22% Health Care 14.72% Consumer Cyclical 9.84% Consumer Defensive 3.49% Communication Services 3.41% Industrials 3.22% Energy 1.75% Utility 1.49% Asset Allocation
Asset Class Value Cash 0.63% Equity 99.37% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK5% ₹25 Cr 361,176
↑ 30,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK4% ₹21 Cr 145,982
↓ -18,168 Infosys Ltd (Technology)
Equity, Since 30 Jun 20 | INFY4% ₹19 Cr 118,505 Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 18 | DIVISLAB4% ₹19 Cr 38,259 Laurus Labs Ltd (Healthcare)
Equity, Since 30 Jun 20 | 5402223% ₹15 Cr 236,350
↓ -30,000 PI Industries Ltd (Basic Materials)
Equity, Since 30 Nov 18 | PIIND3% ₹15 Cr 51,325 Coforge Ltd Shs Dematerialised (Technology)
Equity, Since 31 Jul 20 | 5325413% ₹15 Cr 28,640
↑ 1,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 18 | 5000343% ₹14 Cr 22,229
↑ 2,780 Navin Fluorine International Ltd (Basic Materials)
Equity, Since 31 Jul 19 | 5325042% ₹12 Cr 31,892
↓ -1,100 Deepak Nitrite Ltd (Basic Materials)
Equity, Since 31 Aug 20 | 5064012% ₹11 Cr 54,523
↑ 2,200 2. Canara Robeco Equity Tax Saver
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% . 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.
Date Value 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 Returns for Canara Robeco Equity Tax Saver
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Sep 21 Duration Returns 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
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 Vishal Mishra 26 Jun 21 0.1 Yr. Shridatta Bhandwaldar 1 Oct 19 1.83 Yr. Data below for Canara Robeco Equity Tax Saver as on 31 Aug 21
Equity Sector Allocation
Sector Value Financial Services 31.49% Technology 16.23% Consumer Cyclical 12.85% Industrials 12.49% Basic Materials 8.61% Health Care 5.98% Consumer Defensive 4.32% Communication Services 2.24% Utility 1.98% Energy 1.74% Asset Allocation
Asset Class Value Cash 2.07% Equity 97.93% Top Securities Holdings / Portfolio
Name Holding Value Quantity Infosys Ltd (Technology)
Equity, Since 31 Jul 18 | INFY9% ₹222 Cr 1,376,310
↓ -30,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 08 | HDFCBANK8% ₹189 Cr 1,322,184
↑ 80,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK7% ₹171 Cr 2,506,000 Larsen & Toubro Ltd Shs Dematerialised (Industrials)
Equity, Since 31 Dec 20 | LT4% ₹109 Cr 680,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 20 | TCS4% ₹91 Cr 288,815 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 19 | 5000343% ₹82 Cr 132,450 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Nov 20 | HDFC3% ₹73 Cr 297,500 State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN3% ₹69 Cr 1,600,000
↑ 100,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | 5322153% ₹66 Cr 928,000 Divi's Laboratories Ltd (Healthcare)
Equity, Since 31 Dec 18 | DIVISLAB2% ₹50 Cr 101,500
↑ 7,500 3. Mirae Asset Tax Saver Fund
CAGR/Annualized return of 22% 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 (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 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.
Date Value 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 Returns for Mirae Asset Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Sep 21 Duration Returns 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
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 5.59 Yr. Data below for Mirae Asset Tax Saver Fund as on 31 Aug 21
Equity Sector Allocation
Sector Value Financial Services 38.92% Technology 12.1% Basic Materials 11.65% Consumer Cyclical 8.15% Industrials 6.79% Health Care 6.57% Consumer Defensive 3.98% Communication Services 3.8% Utility 1.87% Energy 1.47% Asset Allocation
Asset Class Value Cash 0.98% Equity 99.02% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK8% ₹703 Cr 4,929,722
↑ 245,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK7% ₹637 Cr 9,338,912 Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY7% ₹575 Cr 3,571,693 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 5322154% ₹389 Cr 5,486,266
↑ 175,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Dec 15 | TCS4% ₹340 Cr 1,074,826
↑ 135,000 Reliance Industries Limited
Equity, Since 30 Jun 21 | -4% ₹326 Cr 2,308,304
↑ 275,000 State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN4% ₹310 Cr 7,183,799 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 20 | BHARTIARTL3% ₹265 Cr 4,716,889
↑ 398,889 Tata Steel Ltd (Basic Materials)
Equity, Since 31 Dec 15 | TATASTEEL3% ₹222 Cr 1,550,846
↓ -170,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 17 | HDFC3% ₹220 Cr 901,263
↑ 40,000
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.
AMFI Registration No. 112358 | CIN: U74999MH2016PTC282153
Shepard Technologies Pvt. Ltd. (with ARN code 112358) makes no warranties or representations, express or implied, on products offered through the platform. It accepts no liability for any damages or losses, however caused, in connection with the use of, or on the reliance of its product or related services. Terms and conditions of the website are applicable.
©2021 Shepard Technologies Private Limited. All Rights Reserved