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Top 3 Best Tax Saving ELSS Mutual Funds for 2022
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 2022
To generate long term capital appreciation from a portfolio that is predominantly in equity and equity related instruments HDFC Long Term Advantage Fund is a Equity - ELSS fund was launched on 2 Jan 01. It is a fund with Moderately High risk and has given a Below is the key information for HDFC Long Term Advantage Fund Returns up to 1 year are on 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 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 (%) 2021 (%) IDFC Tax Advantage (ELSS) Fund Growth ₹90.96
↑ 2.33 ₹3,742 -5 -6.9 12.8 17.4 13.5 49.2 DSP BlackRock Tax Saver Fund Growth ₹74.874
↑ 1.59 ₹9,811 -5.9 -9 8.5 15.8 12 35.1 Principal Tax Savings Fund Growth ₹302.727
↑ 7.10 ₹920 -6.6 -10.1 11.9 13.3 10.3 32.1 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 20 May 22 1. HDFC Long Term Advantage Fund
CAGR/Annualized return of 21.4% since its launch. Ranked 23 in ELSS category. . HDFC Long Term Advantage Fund
Growth Launch Date 2 Jan 01 NAV (14 Jan 22) ₹595.168 ↑ 0.28 (0.05 %) Net Assets (Cr) ₹1,318 on 30 Nov 21 Category Equity - ELSS AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.25 Sharpe Ratio 2.27 Information Ratio -0.15 Alpha Ratio 1.75 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Apr 17 ₹10,000 30 Apr 18 ₹11,443 30 Apr 19 ₹12,077 30 Apr 20 ₹9,802 30 Apr 21 ₹15,152
Purchase not allowed Returns for HDFC Long Term Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Jan 22 Duration Returns 1 Month 4.4% 3 Month 1.2% 6 Month 15.4% 1 Year 35.5% 3 Year 20.6% 5 Year 17.4% 10 Year 15 Year Since launch 21.4% Historical performance (Yearly) on absolute basis
Year Returns 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 Fund Manager information for HDFC Long Term Advantage Fund
Name Since Tenure Data below for HDFC Long Term Advantage Fund as on 30 Nov 21
Equity Sector Allocation
Sector Value Asset Allocation
Asset Class Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 2. BOI AXA Tax Advantage Fund
CAGR/Annualized return of 17.9% since its launch. Ranked 13 in ELSS category. Return for 2021 was 41.5% , 2020 was 31.2% and 2019 was 14.6% . BOI AXA Tax Advantage Fund
Growth Launch Date 25 Feb 09 NAV (20 May 22) ₹88.42 ↑ 1.66 (1.91 %) Net Assets (Cr) ₹596 on 30 Apr 22 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.56 Sharpe Ratio 1.03 Information Ratio 0.94 Alpha Ratio -0.83 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Apr 17 ₹10,000 30 Apr 18 ₹13,257 30 Apr 19 ₹11,300 30 Apr 20 ₹11,490 30 Apr 21 ₹18,481 30 Apr 22 ₹21,652 Returns for BOI AXA Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Jan 22 Duration Returns 1 Month -8% 3 Month -7.3% 6 Month -14.2% 1 Year 7% 3 Year 20.5% 5 Year 14.8% 10 Year 15 Year Since launch 17.9% Historical performance (Yearly) on absolute basis
Year Returns 2021 41.5% 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% Fund Manager information for BOI AXA Tax Advantage Fund
Name Since Tenure Aakash Manghani 15 Jul 19 2.8 Yr. Alok Singh 27 Apr 22 0.01 Yr. Data below for BOI AXA Tax Advantage Fund as on 30 Apr 22
Equity Sector Allocation
Sector Value Financial Services 31.31% Technology 13.96% Consumer Cyclical 13.9% Basic Materials 12.71% Health Care 7.42% Industrials 6.93% Consumer Defensive 3.58% Energy 3.31% Communication Services 2.66% Real Estate 1.01% Asset Allocation
Asset Class Value Cash 3.12% Equity 96.79% Debt 0.09% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK6% ₹39 Cr 519,840
↑ 46,659 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK5% ₹28 Cr 202,169
↓ -8,457 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE4% ₹25 Cr 87,880
↑ 13,500 Infosys Ltd (Technology)
Equity, Since 30 Jun 20 | INFY4% ₹24 Cr 155,489
↓ -4,381 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 18 | BAJFINANCE3% ₹19 Cr 28,188
↓ -4,398 State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN3% ₹16 Cr 330,426
↑ 56,427 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Jan 18 | CHOLAFIN3% ₹16 Cr 212,404 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | KOTAKBANK2% ₹13 Cr 75,364
↓ -4,000 Varun Beverages Ltd (Consumer Defensive)
Equity, Since 28 Feb 22 | VBL2% ₹11 Cr 104,928
↑ 26,533 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 22 | AXISBANK2% ₹11 Cr 154,028
↑ 9,000 3. Mirae Asset Tax Saver Fund
CAGR/Annualized return of 17.9% since its launch. Return for 2021 was 35.3% , 2020 was 21.5% and 2019 was 14.1% . Mirae Asset Tax Saver Fund
Growth Launch Date 28 Dec 15 NAV (20 May 22) ₹28.616 ↑ 0.65 (2.34 %) Net Assets (Cr) ₹11,963 on 30 Apr 22 Category Equity - ELSS AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating Risk Moderately High Expense Ratio 1.4 Sharpe Ratio 1.21 Information Ratio 1.06 Alpha Ratio -1.59 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Apr 17 ₹10,000 30 Apr 18 ₹11,900 30 Apr 19 ₹12,653 30 Apr 20 ₹11,285 30 Apr 21 ₹18,256 30 Apr 22 ₹21,619 Returns for Mirae Asset Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Jan 22 Duration Returns 1 Month -6.4% 3 Month -6.2% 6 Month -10.3% 1 Year 8.5% 3 Year 17.5% 5 Year 15.1% 10 Year 15 Year Since launch 17.9% Historical performance (Yearly) on absolute basis
Year Returns 2021 35.3% 2020 21.5% 2019 14.1% 2018 -2.3% 2017 47.9% 2016 14.8% 2015 2014 2013 2012 Fund Manager information for Mirae Asset Tax Saver Fund
Name Since Tenure Neelesh Surana 28 Dec 15 6.35 Yr. Data below for Mirae Asset Tax Saver Fund as on 30 Apr 22
Equity Sector Allocation
Sector Value Financial Services 34.47% Technology 13.7% Basic Materials 9.06% Industrials 8.15% Consumer Cyclical 8.09% Energy 7.6% Health Care 7.25% Consumer Defensive 5.77% Utility 2.81% Communication Services 1.84% Asset Allocation
Asset Class Value Cash 1.26% Equity 98.74% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY8% ₹889 Cr 4,661,691
↓ -60,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK7% ₹842 Cr 5,729,722 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK7% ₹784 Cr 10,733,912
↑ 25,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 15 | RELIANCE6% ₹744 Cr 2,824,180
↑ 40,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 5322154% ₹501 Cr 6,586,266 State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN4% ₹414 Cr 8,383,799
↓ -50,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Dec 15 | TCS3% ₹324 Cr 865,537
↓ -59,289 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 16 | LT3% ₹297 Cr 1,677,630
↑ 180,000 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Dec 15 | SUNPHARMA2% ₹282 Cr 3,082,209 HCL Technologies Ltd (Technology)
Equity, Since 31 Oct 21 | HCLTECH2% ₹253 Cr 2,177,500
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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